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Previous: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K, EX-19.2, 2000-12-12 |
Next: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K, EX-19.4, 2000-12-12 |
Exhibit 19.3
Ford Credit Auto Owner Trust 2000-C
Monthly Servicing Report
<TABLE>
<CAPTION>
<S> <C>
Collection Period November, 2000
Distribution Date 12/15/00
Transaction Month 6
I. ORIGINAL DEAL PARAMETERS
Dollar Amount # of Contracts
Original Portfolio: $2,999,970,568.02 210,873
Original Securities: Dollar Amount Coupon Legal Final Maturity
Class A-1 Notes $197,000,000.00 6.621% October 15, 2000
Class A-2 Notes 330,500,000.00 6.822% March 15, 2001
Class A-3 Notes 995,000,000.00 7.130% September 15, 2002
Class A-4 Notes 990,000,000.00 7.240% February 15, 2004
Class A-5 Notes 162,107,000.00 7.260% July 15, 2004
Class B Notes 99,059,000.00 7.500% October 15, 2004
Class C Certificates 56,605,000.00 7.890% December 15, 2004
Class D Certificates 56,605,000.00 9.000% October 15, 2005
-------------
Total $2,886,876,000.00
II. COLLECTIONS
Interest: Simple Interest Loans Precomputed Loans Total
Interest Collections $14,093,574.60 $30,242.19 $14,123,816.79
Repurchased Loan Proceeds Related to 12,809.73 0.00 12,809.73
--------- ---- ---------
Total $14,106,384.33 $30,242.19 $14,136,626.52
Servicer Advances:
Principal Advances $0.00 $17,995.81 $17,995.81
Interest Advances 2,765,147.49 6,030.71 2,771,178.20
------------ -------- ------------
Total $2,765,147.49 $24,026.52 $2,789,174.01
Principal:
Principal Collections $56,804,529.65 $99,226.04 $56,903,755.69
Prepayments in Full 28,741,294.23 40,817.88 28,782,112.11
Prepayments in Full Due to Administrative Repurchases 0.00 0.00 0.00
Repurchased Loan Proceeds Related to Principal 740,852.51 0.00 740,852.51
Payahead Draws 0.00 5,773.73 5,773.73
---- -------- --------
Total $86,286,676.39 $145,817.65 $86,432,494.04
Liquidation Proceeds $599,169.35
Recoveries from Prior Month Charge-Offs 13,511.69
---------
Total Principal Collections $87,045,175.08
Principal Losses for Collection Period $1,373,416.47
Total Regular Principal Reduction $87,823,906.32
Total Collections $103,970,975.61
III. FUNDS AVAILABLE FOR DISTRIBUTION
Total Collections $103,970,975.61
Reserve Account Release 0.00
Reserve Account Draw 0.00
----
Total $103,970,975.61
<PAGE>
Ford Credit Auto Owner Trust 2000-C
Monthly Servicing Report
Collection Period November, 2000
Distribution Date 12/15/00
Transaction Month 6
IV. DISTRIBUTIONS
Servicing Fee: Amount Due Amount Paid Shortfall
Total Amount $2,114,659.75 $2,114,659.75 $0.00
Amount per $1,000 of Original Balance 0.73 0.73 0.00
Change in
Noteholders Interest: Amount Due Amount Paid Shortfall Carryover Shortfall Carryover Shortfall
Class A1 Notes $0.00 $0.00 $0.00 $0.00 $0.00
Class A2 Notes 349,413.61 349,413.61 0.00 0.00 0.00
Class A3 Notes 5,911,958.33 5,911,958.33 0.00 0.00 0.00
Class A4 Notes 5,973,000.00 5,973,000.00 0.00 0.00 0.00
Class A5 Notes 980,747.35 980,747.35 0.00 0.00 0.00
Class B Notes 619,118.75 619,118.75 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $13,834,238.04 $13,834,238.04 $0.00 $0.00 $0.00
Certificateholders
Class C Certificates $372,177.87 $372,177.87 $0.00 $0.00 $0.00
Class D Certificates 424,537.50 424,537.50 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $796,715.37 $796,715.37 $0.00 $0.00 $0.00
Interest
Total Note and Certificate $14,630,953.41 $14,630,953.41 $0.00 $0.00 $0.00
Total Available for Principal Distribution$87,225,362.45
Principal Distribution Amounts
First Priority Distribution Amount $0.00
Second Priority Distribution Amount 0.00
Regular Principal Distribution Amount 110,550,027.22
--------------
Principal Distribution Amount $110,550,027.22
Noteholder Principal
Class A1 Notes $0.00
Class A2 Notes 61,462,376.86
Class A3 Notes 25,762,985.59
Class A4 Notes 0.00
Class A5 Notes 0.00
Class B Notes 0.00
----
Total Note Principal Paid $87,225,362.45
Certificateholder Principal
Class C Certificates $0.00
Class D Certificates 0.00
----
Total Certificate Principal Paid $0.00
Total Note and Certificate Principal $87,225,362.45
Collections Released to Servicer $0.00
Total Available for $103,970,975.61
Total Distribution (incl. Servicing Fee) $103,970,975.61
<PAGE>
Ford Credit Auto Owner Trust 2000-C
Monthly Servicing Report
Collection Period November, 2000
Distribution Date 12/15/00
Transaction Month 6
V. DISTRIBUTION PER $1,000 OF ORIGINAL
Principal Interest Total
Distribution Distribution Distribution
Class A1 Notes $0.00 $0.00 $0.00
Class A2 Notes 185.97 1.06 187.03
Class A3 Notes 25.89 5.94 31.83
Class A4 Notes 0.00 6.03 6.03
Class A5 Notes 0.00 6.05 6.05
Class B Notes 0.00 6.25 6.25
---- ---- ----
Total Notes $31.45 $4.99 $36.44
Class C Certificates $0.00 $6.57 $6.57
Class D Certificates 0.00 7.50 7.50
---- ---- ----
Total Certificates $0.00 $7.04 $7.04
Total Notes and Certificates: $30.21 $5.07 $35.28
VI. POOL BALANCE AND PORTFOLIO INFORMATION
Beginning of Period End of Period
Balance Pool Factor Balance Pool Factor
Aggregate Balance of Notes $2,307,628,376.86 0.8319777 $2,220,403,014.41 0.8005301
Class A1 Notes 0.00 0.0000000 0.00 0.0000000
Class A2 Notes 61,462,376.86 0.1859679 0.00 0.0000000
Class A3 Notes 995,000,000.00 1.0000000 969,237,014.41 0.9741076
Class A4 Notes 990,000,000.00 1.0000000 990,000,000.00 1.0000000
Class A5 Notes 162,107,000.00 1.0000000 162,107,000.00 1.0000000
Class B Notes 99,059,000.00 1.0000000 99,059,000.00 1.0000000
Class C Certificates 56,605,000.00 1.0000000 56,605,000.00 1.0000000
Class D Certificates 56,605,000.00 1.0000000 56,605,000.00 1.0000000
------------- --------- ------------- ---------
Total $2,420,838,376.86 0.8385668 $2,333,613,014.41 0.8083524
Portfolio Information
Weighted Average Coupon (WAC) 7.97% 7.98%
Weighted Average Remaining Maturity 41.92 41.03
Remaining Number of Receivables 196,243 193,288
Portfolio Receivable Balance $2,537,591,703.43 $2,449,767,797.11
VII. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $9,497,825.13
Specified Credit Enhancement Amount $24,497,677.97
Yield Supplement Overcollateralization Amount $129,981,622.34
Target Level of Overcollateralization $139,479,447.47
VIII. 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
<PAGE>
Ford Credit Auto Owner Trust 2000-C
Monthly Servicing Report
Collection Period November, 2000
Distribution Date 12/15/00
Transaction Month 6
IX. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidation Proceeds $599,169.35
Recoveries from Prior Month Charge-Offs $13,511.69
Total Losses for Collection Period $1,488,109.63
Charge-off Rate for Collection Period 0.41%
Cumulative Net Losses for all Periods $2,325,161.58
Delinquent Receivables: # of Contracts Amount
31-60 Days Delinquent 1,443 $18,547,240.44
61-90 Days Delinquent 205 $2,776,605.46
91-120 Days Delinquent 69 $1,016,899.32
Over 120 Days Delinquent 27 $379,627.20
Repossesion Inventory 176 $2,450,188.10
Ratio of Net Losses to the Average Pool
Second Preceding Collection Period 0.1526%
Preceding Collection Period 0.3416%
Current Collection Period 0.4213%
Three Month Average 0.3051%
Ratio of 60+ Delinquent Contracts to Outstanding
Second Preceding Collection Period 0.0998%
Preceding Collection Period 0.1289%
Current Collection Period 0.1557%
Three Month Average 0.1282%
<PAGE>
Ford Credit Auto Owner Trust 2000-C
Monthly Servicing Report
Collection Period November, 2000
Distribution Date 12/15/00
Transaction Month 6
Worksheet Information
Servicer Advances Simple Interest Loans Precomputed Loans
Beginning Servicer Advances $5,373,010.63 $54,408.56
New Advances 2,736,403.84 23,982.92
Servicer Advance Recoveries 2,048,186.67 9,819.72
------------ --------
Ending Servicer Advances $6,061,227.80 $68,571.76
Current Month Interest Advances for Prepaid Loans $28,743.65 $43.60
Payahead Account
Beginning Payahead Account Balance $27,761.06
Additional Payaheads 45,736.13
Payahead Draws 48,186.57
---------
Ending Payahead Account Balance $25,310.62
</TABLE>
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