Exhibit 19.3
Ford Motor Credit Company
Ford Credit Auto Owner Trust 2000-C
Monthly Servicing Report
Collection Period September, 2000
Distribution Date 10/16/00
Dollar Amount
Total Portfolio $ 2,999,970,568.02
Total Securities 2,886,876,000.00
Class A-1 Notes 197,000,000.00
Class A-2 Notes 330,500,000.00
Class A-3 Notes 995,000,000.00
Class A-4 Notes 990,000,000.00
Class A-5 Notes 162,107,000.00
Class B Notes 99,059,000.00
Class C Certificates 56,605,000.00
Class D Certificates 56,605,000.00
I. COLLECTIONS
Interest:
Simple Interest Receivables Interest
Interest Collections $ 15,140,404.84
Repurchased Loan Proceeds Related to Interest 14,346.48
Total Simple Interest Receivables Interest 15,154,751.32
Pre Computed Receivables Interest Collections 33,082.95
Total Interest Collections 15,187,834.27
Servicer Advances:
Simple Interest Servicer Advances $ 2,931,903.28
Precomputed Servicer Advances - Principal 17,060.85
Precomputed Servicer Advances - Interest 5,941.54
Total Servicer Advances 2,954,905.67
Principal:
Simple Interest Receivables Principal
Principal Collections $ 57,192,049.11
Prepayments in Full 29,305,674.08
Repurchased Loan Proceeds Related to Principal 1,031,939.36
Total Simple Interest Receivables Principal 87,529,662.55
Pre Computed Receivables Principal
Principal Collections $ 100,861.95
Prepayments in Full 57,845.37
Prepayments in Full Due to Administrative Repurchases 0.00
Payahead Draws 6,659.85
Total Pre Computed Receivables Principal 165,367.17
Liquidation Proceeds 249,174.60
Recoveries from Prior Month Charge-Offs 0.00
Total Principal Collections 87,944,204.32
Principal Losses for Collection Period 497,787.22
Total Regular Principal Reduction 88,209,877.79
Total Collections $ 106,086,944.26
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 106,086,944.26 $ 36.75
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 106,086,944.26 36.75
Servicing Fee:
Servicing Fee Due $ 2,268,089.09 $ 0.79
Servicing Fee Paid 2,268,089.09 0.79
Servicing Fee Shortfall 0.00 0.00
Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Monthly Interest Due $ 0.00 $ 0.00
Class A-1 Notes Monthly Interest Paid 0.00 0.00
Class A-1 Notes Monthly Interest Shortfall 0.00 0.00
Class A-1 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-1 Notes Int. Carryover Shortfall 0.00 0.00
Class A-2 Notes Monthly Interest
Class A-2 Notes Monthly Interest Due $ 1,439,473.36 $ 4.36
Class A-2 Notes Monthly Interest Paid 1,439,473.36 4.36
Class A-2 Notes Monthly Interest Shortfall 0.00 0.00
Class A-2 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-2 Notes Int. Carryover Shortfall 0.00 0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Monthly Interest Due $ 5,911,958.33 $ 5.94
Class A-3 Notes Monthly Interest Paid 5,911,958.33 5.94
Class A-3 Notes Monthly Interest Shortfall 0.00 0.00
Class A-3 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-3 Notes Int. Carryover Shortfall 0.00 0.00
Class A-4 Notes Monthly Interest
Class A-4 Notes Monthly Interest Due $ 5,973,000.00 $ 6.03
Class A-4 Notes Monthly Interest Paid 5,973,000.00 6.03
Class A-4 Notes Monthly Interest Shortfall 0.00 0.00
Class A-4 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-4 Notes Int. Carryover Shortfall 0.00 0.00
Class A-5 Notes Monthly Interest
Class A-5 Notes Monthly Interest Due $ 980,747.35 $ 6.05
Class A-5 Notes Monthly Interest Paid 980,747.35 6.05
Class A-5 Notes Monthly Interest Shortfall 0.00 0.00
Class A-5 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-5 Notes Int. Carryover Shortfall 0.00 0.00
Class B Notes Monthly Interest
Class B Notes Monthly Interest Due $ 619,118.75 $ 6.25
Class B Notes Monthly Interest Paid 619,118.75 6.25
Class B Notes Monthly Interest Shortfall 0.00 0.00
Class B Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class B Notes Int. Carryover Shortfall 0.00 0.00
Total Note Monthly Interest
Total Note Monthly Interest Due $ 14,924,297.79 $ 5.38
Total Note Monthly Interest Paid 14,924,297.79 5.38
Total Note Monthly Interest Shortfall 0.00 0.00
Total Note Interest Carryover Shortfall 0.00 0.00
Chg in Total Note Int. Carryover Shortfall 0.00 0.00
Class C Certificates Monthly Interest
Class C Cert. Monthly Interest Due $ 372,177.87 $ 6.57
Class C Cert. Monthly Interest Paid 372,177.87 6.57
Class C Cert. Monthly Interest Shortfall 0.00 0.00
Class C Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class C Cert. Int. Carryover Shortfall 0.00 0.00
Class D Certificates Monthly Interest
Class D Cert. Monthly Interest Due $ 424,537.50 $ 7.50
Class D Cert. Monthly Interest Paid 424,537.50 7.50
Class D Cert. Monthly Interest Shortfall 0.00 0.00
Class D Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class D Cert. Int. Carryover Shortfall 0.00 0.00
Total Note and Certificate Monthly Interest
Total Note and Cert. Mthly Int. Due $ 15,721,013.16 $ 5.45
Total Note and Cert. Mthly Int. Paid 15,721,013.16 5.45
Total Note and Cert. Mthly Int. Shortfall 0.00 0.00
Total Note and Cert. Int. Carryover Shortfall 0.00 0.00
Change in Total Note and Certificate Interest
Carryover Shortfall $ 0.00 $ 0.00
Total Available for Principal Distribution $ 88,097,842.01
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 0.00 0.00
Regular Principal Distribution Amount 245,037,596.24 84.88
Principal Distribution Amount 245,037,596.24 84.88
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 0.00 $ 0.00
Class A-2 Notes Monthly Principal Paid 88,097,842.01 266.56
Class A-3 Notes Monthly Principal Paid 0.00 0.00
Class A-4 Notes Monthly Principal Paid 0.00 0.00
Class A-5 Notes Monthly Principal Paid 0.00 0.00
Class B Notes Monthly Principal Paid 0.00 0.00
Total Note Principal Paid 88,097,842.01 31.76
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 88,097,842.01 30.52
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 106,086,944.26
Total Distributions (incl. Servicing Fee) $ 106,086,944.26
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,491,203,596.24 $ 2,403,105,754.23
Note Pool Factor 0.8981628 0.8664006
Class A-1 Notes Balance 0.00 0.00
Class A-1 Notes Pool Factor 0.0000000 0.0000000
Class A-2 Notes Balance 245,037,596.24 156,939,754.23
Class A-2 Notes Pool Factor 0.7414148 0.4748555
Class A-3 Notes Balance 995,000,000.00 995,000,000.00
Class A-3 Notes Pool Factor 1.0000000 1.0000000
Class A-4 Notes Balance 990,000,000.00 990,000,000.00
Class A-4 Notes Pool Factor 1.0000000 1.0000000
Class A-5 Notes Balance 162,107,000.00 162,107,000.00
Class A-5 Notes Pool Factor 1.0000000 1.0000000
Class B Notes Balance 99,059,000.00 99,059,000.00
Class B Notes Pool Factor 1.0000000 1.0000000
Class C Certificates Balance 56,605,000.00 56,605,000.00
Class C Certificates Pool Factor 1.0000000 1.0000000
Class D Certificates Balance 56,605,000.00 56,605,000.00
Class D Certificates Pool Factor 1.0000000 1.0000000
Total Note and Cert. Balance 2,604,413,596.24 2,516,315,754.23
Portfolio Information:
Wtd Average Coupon (WAC) 7.96% 7.97%
Wtd Average Remaining Maturity (WAM) 43.72 42.82
Remaining Number of Receivables 202,206 199,337
Portfolio Receivable Balance $ 2,721,706,911.80 $ 2,633,497,034.01
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 11,335,117.50
Specified Credit Enhancement Amount 26,334,970.34
Yield Supplement Overcollateralization Amount 0.00
Target Level of Overcollateralization 11,335,117.50
V. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $ 14,999,852.84
Specified Reserve Account Balance 14,999,852.84
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Interim Reserve Account Balance 14,999,852.84
Reserve Account Deposits Made 0.00
Ending Reserve Account Balance 14,999,852.84
Change in Reserve Account Balance 0.00
VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidated Contracts:
Liquidation Proceeds $ 249,174.60
Recoveries from Prior Month Charge-Offs 0.00
Total Losses for Collection Period 589,666.44
Charge-off Rate for Collection Period (annualized) 0.15%
Cumulative Net Losses for all Periods
Delinquent Receivables:
31-60 Days Delinquent $ 17,564,585.04
61-90 Days Delinquent 2,065,629.77
91-120 Days Delinquent 557,628.25
Over 120 Days Delinquent 65,035.00
Repossesion Inventory $ 1,649,060.40
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0609%
Preceding Collection Period 0.0877%
Current Collection Period 0.1526%
Three Month Average 0.1004%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0054%
Preceding Collection Period 0.0717%
Current Collection Period 0.0998%
Three Month Average 0.0590%
