SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 30, 2000
FORD CREDIT AUTO OWNER TRUST Series 2000-A,
FORD CREDIT AUTO OWNER TRUST Series 2000-B and
FORD CREDIT AUTO OWNER TRUST Series 2000-C
(Ford Credit Auto Receivables Two L.P. - Originator)
---------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-82895 38-3295857
-------- --------- ----------
(State or other juris- (Commission File Number) (IRS Employer
diction of incorporation I.D. No.)
One American Road, Dearborn, Michigan 48126
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-322-3000
<PAGE>
Item 5. Other Events
The Monthly Servicing Report relating to the Ford Credit Auto Owner
Trust Series 2000-A, 2000-B and 2000-C for the Collection Period ended
June 30, 2000, are attached hereto as Exhibits 19.1, 19.2, and 19.3,
respectively, and are incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
EXHIBITS
Designation Description Method of
Filing
----------- ------------ ----------------
Exhibit 19.1 Ford Credit Auto Owner Filed with
Trust Series 2000-A this Report.
Servicing Report for the
Collection Period ended
June 30, 2000.
Exhibit 19.2 Ford Credit Auto Owner Filed with
Trust Series 2000-B this Report.
Servicing Report for the
Collection Period ended
June 30, 2000.
Exhibit 19.3 Ford Credit Auto Owner Filed with
Trust Series 2000-C this Report.
Servicing Report for the
Collection Period ended
June 30, 2000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized on the date indicated.
Ford Credit Auto Receivables Two L.P.
(Registrant)
By: Ford Credit Auto Receivables
Two, Inc., General Partner
Date: July 12, 2000 By:/s/R. P. Conrad
---------------------------------
Assistant Secretary
<PAGE>
EXHIBIT INDEX
Designation Description
----------- -----------
Exhibit 19.1 Ford Credit Auto Owner
Trust Series 2000-A
Servicing Report for the
Collection Period ended
June 30, 2000.
Exhibit 19.2 Ford Credit Auto Owner
Trust Series 2000-B
Servicing Report for the
Collection Period ended
June 30, 2000.
Exhibit 19.3 Ford Credit Auto Owner
Trust Series 2000-C
Servicing Report for the
Collection Period ended
June 30, 2000.
<PAGE>
Exhibit 19.1
Ford Motor Credit Company
Ford Credit Auto Owner Trust 2000-A
Monthly Servicing Report
Collection Period June, 2000
Distribution Date 7/17/00
Dollar Amount
Total Portfolio $ 3,000,003,021.67
Total Securities 2,891,060,000.00
Class A-1 Notes 155,000,000.00
Class A-2 Notes 377,000,000.00
Class A-3 Notes 1,000,000,000.00
Class A-4 Notes 975,000,000.00
Class A-5 Notes 171,480,000.00
Class B Notes 99,200,000.00
Class C Certificates 56,690,000.00
Class D Certificates 56,690,000.00
I. COLLECTIONS
Interest:
Simple Interest Receivables Interest
Interest Collections $ 13,935,915.72
Repurchased Loan Proceeds Related to Interest 7,051.44
Total Simple Interest Receivables Interest 13,942,967.16
Pre Computed Receivables Interest Collections 30,384.34
Total Interest Collections 13,973,351.50
Servicer Advances:
Simple Interest Servicer Advances $ 3,364,458.52
Precomputed Servicer Advances - Principal 14,251.72
Precomputed Servicer Advances - Interest 4,164.85
Total Servicer Advances 3,382,875.09
Principal:
Simple Interest Receivables Principal
Principal Collections $ 58,718,057.84
Prepayments in Full 33,808,288.73
Repurchased Loan Proceeds Related to Principal 1,067,470.97
Total Simple Interest Receivables Principal 93,593,817.54
Pre Computed Receivables Principal
Principal Collections $ 113,636.54
Prepayments in Full 53,140.73
Prepayments in Full Due to Administrative Repurchases 0.00
Payahead Draws 4,369.85
Total Pre Computed Receivables Principal 171,147.12
Liquidation Proceeds 277,016.09
Recoveries from Prior Month Charge-Offs 225.00
Total Principal Collections 94,042,205.75
Principal Losses for Collection Period 550,303.65
Total Regular Principal Reduction 94,329,520.03
Total Collections $ 111,388,118.86
<PAGE>
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 111,388,118.86 $ 38.53
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 111,388,118.86 38.53
Servicing Fee:
Servicing Fee Due $ 2,268,706.97 $ 0.78
Servicing Fee Paid 2,268,706.97 0.78
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 $ 1,375,874.54 $ 3.65
Class A-2 Notes Monthly Interest Paid 1,375,874.54 3.65
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 $ 5,683,333.33 $ 5.68
Class A-3 Notes Monthly Interest Paid 5,683,333.33 5.68
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 $ 5,760,625.00 $ 5.91
Class A-4 Notes Monthly Interest Paid 5,760,625.00 5.91
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 $ 1,027,451.00 $ 5.99
Class A-5 Notes Monthly Interest Paid 1,027,451.00 5.99
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 $ 609,253.33 $ 6.14
Class B Notes Monthly Interest Paid 609,253.33 6.14
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 $ 14,456,537.20 $ 5.20
Total Note Monthly Interest Paid 14,456,537.20 5.20
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 $ 366,122.92 $ 6.46
Class C Cert. Monthly Interest Paid 366,122.92 6.46
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 $ 425,175.00 $ 7.50
Class D Cert. Monthly Interest Paid 425,175.00 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 $ 15,247,835.12 $ 5.27
Total Note and Cert. Mthly Int. Paid 15,247,835.12 5.27
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 $ 93,871,576.77
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 5,901,484.38 2.04
Regular Principal Distribution Amount 243,070,505.42 84.08
Principal Distribution Amount 248,971,989.80 86.12
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 0.00 $ 0.00
Class A-2 Notes Monthly Principal Paid 93,871,576.77 249.00
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 93,871,576.77 33.79
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 93,871,576.77 32.47
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 111,388,118.86
Total Distributions (incl. Servicing Fee) $ 111,388,118.86
<PAGE>
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,494,651,989.80 $ 2,400,780,413.03
Note Pool Factor 0.8981063 0.8643114
Class A-1 Notes Balance 0.00 0.00
Class A-1 Notes Pool Factor 0.0000000 0.0000000
Class A-2 Notes Balance 248,971,989.80 155,100,413.03
Class A-2 Notes Pool Factor 0.6604032 0.4114069
Class A-3 Notes Balance 1,000,000,000.00 1,000,000,000.00
Class A-3 Notes Pool Factor 1.0000000 1.0000000
Class A-4 Notes Balance 975,000,000.00 975,000,000.00
Class A-4 Notes Pool Factor 1.0000000 1.0000000
Class A-5 Notes Balance 171,480,000.00 171,480,000.00
Class A-5 Notes Pool Factor 1.0000000 1.0000000
Class B Notes Balance 99,200,000.00 99,200,000.00
Class B Notes Pool Factor 1.0000000 1.0000000
Class C Certificates Balance 56,690,000.00 56,690,000.00
Class C Certificates Pool Factor 1.0000000 1.0000000
Class D Certificates Balance 56,690,000.00 56,690,000.00
Class D Certificates Pool Factor 1.0000000 1.0000000
Total Note and Cert. Balance 2,608,031,989.80 2,514,160,413.03
Portfolio Information:
Wtd Average Coupon (WAC) 7.61% 7.62%
Wtd Average Remaining Maturity (WAM) 43.81 42.91
Remaining Number of Receivables 203,744 200,488
Portfolio Receivable Balance $ 2,722,448,365.63 $ 2,628,118,845.60
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 11,281,173.35
Specified Credit Enhancement Amount 26,281,188.46
Yield Supplement Overcollateralization Amount 139,368,340.18
Target Level of Overcollateralization 150,649,513.53
V. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $ 15,000,015.11
Specified Reserve Account Balance 15,000,015.11
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Interim Reserve Account Balance 15,000,015.11
Reserve Account Deposits Made 0.00
Ending Reserve Account Balance 15,000,015.11
Change in Reserve Account Balance 0.00
VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidated Contracts:
Liquidation Proceeds $ 277,016.09
Recoveries from Prior Month Charge-Offs 225.00
Total Losses for Collection Period 649,863.20
Charge-off Rate for Collection Period (annualized) 0.16%
Cumulative Net Losses for all Periods
Delinquent Receivables:
31-60 Days Delinquent $ 11,063,228.03
61-90 Days Delinquent 1,347,129.58
91-120 Days Delinquent 359,568.74
Over 120 Days Delinquent 64,528.76
Repossesion Inventory $ 1,206,834.68
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0411%
Preceding Collection Period 0.1042%
Current Collection Period 0.1671%
Three Month Average 0.1041%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0039%
Preceding Collection Period 0.0402%
Current Collection Period 0.0693%
Three Month Average 0.0378%
<PAGE>
Exhibit 19.2
Ford Motor Credit Company
Ford Credit Auto Owner Trust 2000-B
Monthly Servicing Report
Collection Period June2000
Distribution Date 7/17/00
Targeted
Scheduled
Original Issuance Dist Date Dollar Amount
A1 Asset Backed Notes 10/15/00 470,000,000.00
A2 Asset Backed Notes 4/15/01 388,000,000.00
A3 Asset Backed Notes 10/15/01 321,500,000.00
A4 Asset Backed Notes 4/15/02 249,000,000.00
A5 Asset Backed Notes 10/15/02 181,880,000.00
B Asset Backed Notes 76,260,000.00
C Asset Backed Certificates 43,580,000.00
D Asset Backed Certificates 43,580,000.00
Variable Pay Term Note 1 448,620,000.00
Total Original Securities Issued 2,222,420,000.00
I. COLLECTIONS TOTAL
Interest
Simple Interest Receivables Interest
Interest Collections $11,477,528.74
Repurchased Loan Proceeds Related to Interest 6,563.41
Total Simple Interest Receivables Interest $11,484,092.15
Precomputed Receivables Interest Collections 23,845.47
Total Interest Collections $11,507,937.62
Servicer Advances:
Simple Interest Servicer Advances $2,658,853.84
Precomputed Servicer Advances - Principal 9,548.64
Precomputed Servicer Advances - Interest 2,961.45
Total Servicer Advances $2,671,363.93
Principal:
Simple Interest Receivables Principal
Principal Collections $45,281,564.20
Prepayments in Full 24,842,416.31
Repurchased Loan Proceeds Related to Principal 685,677.68
Total Simple Interest Receivables Principal $70,809,658.19
Precomputed Receivables Principal
Principal Collections $79,783.36
Prepayments in Full 92,570.22
Prepayments in Full due to Admin Repurchases 0.00
Payahead Draws 4,431.24
Total Precomputed Receivables Principal $176,784.82
Liquidation Proceeds $100,585.08
Recoveries from Prior Month Charge-Offs 0.00
Total Principal Collections $71,087,028.09
Principal Losses for Collection Period 212,628.75
Total Regular Principal Reduction $71,208,620.40
Total Collections $85,258,764.88
<PAGE>
Amount Per
$1,000 of Original
Amount Principal
II. DISTRIBUTIONS
Total Collections $85,258,764.88
Net Swap Receipt 21,744.13
Reserve Account Draw 0.00
Reserve Account Release 0.00
VPTN Issuance Proceeds 0.00
Accumulation Account Draw 0.00
Total Avail for Distribution
to Note and Certificate holders $85,280,509.01
Servicing Fee: $1,801,767.75
Servicing Fee Due 1,801,767.75
Servicing Fee Paid 0.00
Servicing Fee Shortfall
$0.00
Net Swap Payment
Class A1 Asset Backed Notes
Monthly Interest Due $2,581,083.33 $5.49
Monthly Interest Paid 2,581,083.33 5.49
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Class A2 Asset Backed Notes
Monthly Interest Due $2,205,133.33 $5.68
Monthly Interest Paid 2,205,133.33 5.68
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Class A3 Asset Backed Notes
Monthly Interest Due $1,867,379.17 $5.81
Monthly Interest Paid 1,867,379.17 5.81
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Class A4 Asset Backed Notes
Monthly Interest Due $1,458,725.00 $5.86
Monthly Interest Paid 1,458,725.00 5.86
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Amount Per
$1,000 of Original
Amount Principal
Class A5 Asset Backed Notes
Monthly Interest Due $1,071,576.33 $5.89
Monthly Interest Paid 1,071,576.33 5.89
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Class B Asset Backed Notes
Monthly Interest Due $465,186.00 $6.10
Monthly Interest Paid 465,186.00 6.10
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Class C Asset Backed Certificates
Monthly Interest Due $279,638.33 $6.42
Monthly Interest Paid 279,638.33 6.42
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Class D Asset Backed Certificates
Monthly Interest Due $326,850.00 $7.50
Monthly Interest Paid 326,850.00 7.50
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Class Variable Pay Term Note 1
Monthly Interest Due $1,835,752.47 $4.09
Monthly Interest Paid 1,835,752.47 4.09
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Total Note Monthly Interest
Monthly Interest Due $11,484,835.63 $5.38
Monthly Interest Paid 11,484,835.63 5.38
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Total Note and Certificate Monthly Interest
Monthly Interest Due $12,091,323.96 $5.44
Monthly Interest Paid 12,091,323.96 5.44
Monthly Interest Shortfall 0.00 0.00
Interest Carryover Shortfall 0.00 0.00
Change in Interest Carryover Shortfall 0.00 0.00
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $0.00
Second Priority Distribution Amount 10,581,885.01
Regular Principal Distribution Amount 96,569,039.20
Principal Distribution Amount $107,150,924.21
Amount Per $1,000
Principal Distribution Amounts Paid Amount of Orig Principal
A1 Asset Backed Notes Prin Paid $0.00 $0.00
A2 Asset Backed Notes Prin Paid $0.00 $0.00
A3 Asset Backed Notes Prin Paid $0.00 $0.00
A4 Asset Backed Notes Prin Paid $0.00 $0.00
A5 Asset Backed Notes Prin Paid $0.00 $0.00
B Asset Backed Notes Prin Paid $0.00 $0.00
C Asset Backed Certificates Prin Paid $0.00 $0.00
D Asset Backed Certificates Prin Paid $0.00 $0.00
Variable Pay Term Note 1 Prin Paid $71,387,417.30 $159.13
Total Note Principal Paid $71,387,417.30 $33.43
Total Note and Certificate Prin Paid $71,387,417.30 $32.12
Deposit to Reserve $0.00
Collections Released to Servicer $0.00
Deposit to Accumulation Account $0.00
<PAGE>
III. POOL BALANCE AND PORTFOLIO INFORMATION Beginning Ending
Balances and Pool Factors:
A1 Asset Backed Notes Balance $470,000,000.00 $470,000,000.00
A1 Asset Backed Notes Pool Factor 1.0000000 1.0000000
A2 Asset Backed Notes Balance $388,000,000.00 $388,000,000.00
A2 Asset Backed Notes Pool Factor 1.0000000 1.0000000
A3 Asset Backed Notes Balance $321,500,000.00 $321,500,000.00
A3 Asset Backed Notes Pool Factor 1.0000000 1.0000000
A4 Asset Backed Notes Balance $249,000,000.00 $249,000,000.00
A4 Asset Backed Notes Pool Factor 1.0000000 1.0000000
A5 Asset Backed Notes Balance $181,880,000.00 $181,880,000.00
A5 Asset Backed Notes Pool Factor 1.0000000 1.0000000
B Asset Backed Notes Balance $76,260,000.00 $76,260,000.00
B Asset Backed Notes Pool Factor 1.0000000 1.0000000
C Asset Backed Certificates Balance $43,580,000.00 $43,580,000.00
C Asset Backed Certificates Pool Factor 1.0000000 1.0000000
D Asset Backed Certificates Balance $43,580,000.00 $43,580,000.00
D Asset Backed Certificates Pool Factor 1.0000000 1.0000000
Variable Pay Term Note 1 Balance $308,184,521.95 $236,797,104.65
Variable Pay Term Note 1 Pool Factor 0.6869612 0.5278345
Aggregate Balance of Notes $1,994,824,521.95 $1,923,437,104.65
Note Pool Factor 0.9342303 0.9007976
Total Note and Certificate Balance $2,010,597,104.65 $2,010,597,104.65
Portfolio Information:
Weighted Average Coupon (WAC) 7.83% 7.84%
Weighted Average Remaining Maturity (WAM) 44.98 44.08
Number of Contracts 156,933 154,620
Portfolio Receivable Balance $2,162,121,299.42 $2,090,912,679.02
Dollar Amount
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $9,409,039.20
Specified Credit Enhancement Amount $20,909,126.79
Yield Supplement Overcollateralization Amount $106,670,042.08
Target Level of Overcollateralization $116,079,081.28
V. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $11,500,087.59
Specified Reserve Account Balance 11,500,087.59
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Reserve Account Deposits Made 0.00
Ending Reserve Account Balance $11,500,087.59
Change in Reserve Account Balance $0.00
VI. RECONCILIATION OF ACCUMULATION ACCOUNT
Beginning Accumulation Account Balance $0.00
Deposit to Accumulation Account 0.00
Release of Accumulated Balance 0.00
Ending Accumulation Account Balance $0.00
VII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidated Contracts:
Liquidation Proceeds $100,585.08
Recoveries from Prior Month Charge-Offs $0.00
Total Losses for Collection Period $274,038.32
Charge-off Rate for Collection Period (annualized) 0.10%
Cumulative Net Losses for all Periods $343,993.43
Delinquent Receivables
31-60 Days Delinquent $9,117,261.57
61-90 Days Delinquent $1,145,610.54
91-120 Days Delinquent $31,454.09
Over 120 Days Delinquent $0.00
Repossesion Inventory $679,887.32
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.041%
Preceding Collection Period 0.072%
Current Collection Period 0.098%
Three Month Average 0.070%
Ratio of 60+ Delinq Contracts to O/S Receivables:
Second Preceding Collection Period 0.002%
Preceding Collection Period 0.006%
Current Collection Period 0.057%
Three Month Average 0.022%
<PAGE>
Exhibit 19.3
Ford Motor Credit Company
Ford Credit Auto Owner Trust 2000-C
Monthly Servicing Report
Collection Period June, 2000
Distribution Date 7/17/00
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 $ 16,247,838.71
Repurchased Loan Proceeds Related to Interest 3,632.73
Total Simple Interest Receivables Interest 16,251,471.44
Pre Computed Receivables Interest Collections 38,687.64
Total Interest Collections 16,290,159.08
Servicer Advances:
Simple Interest Servicer Advances $ 3,628,454.85
Precomputed Servicer Advances - Principal 17,140.66
Precomputed Servicer Advances - Interest 5,672.36
Total Servicer Advances 3,651,267.87
Principal:
Simple Interest Receivables Principal
Principal Collections $ 58,953,304.83
Prepayments in Full 30,953,689.56
Repurchased Loan Proceeds Related to Principal 1,259,010.39
Total Simple Interest Receivables Principal 91,166,004.78
Pre Computed Receivables Principal
Principal Collections $ 105,440.17
Prepayments in Full 81,808.73
Prepayments in Full Due to Administrative Repurchases 0.00
Payahead Draws 7,040.28
Total Pre Computed Receivables Principal 194,289.18
Liquidation Proceeds 592.27
Recoveries from Prior Month Charge-Offs 0.00
Total Principal Collections 91,360,886.23
Principal Losses for Collection Period 25,838.79
Total Regular Principal Reduction 91,403,273.41
Total Collections $ 111,302,313.18
<PAGE>
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 111,302,313.18 $ 38.55
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 111,302,313.18 38.55
Servicing Fee:
Servicing Fee Due $ 2,499,975.47 $ 0.87
Servicing Fee Paid 2,499,975.47 0.87
Servicing Fee Shortfall 0.00 0.00
Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Monthly Interest Due $ 905,789.58 $ 4.60
Class A-1 Notes Monthly Interest Paid 905,789.58 4.60
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 $ 1,565,743.75 $ 4.74
Class A-2 Notes Monthly Interest Paid 1,565,743.75 4.74
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 $ 4,532,501.39 $ 4.56
Class A-3 Notes Monthly Interest Paid 4,532,501.39 4.56
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 $ 4,579,300.00 $ 4.63
Class A-4 Notes Monthly Interest Paid 4,579,300.00 4.63
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 $ 751,906.30 $ 4.64
Class A-5 Notes Monthly Interest Paid 751,906.30 4.64
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 $ 474,657.71 $ 4.79
Class B Notes Monthly Interest Paid 474,657.71 4.79
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 $ 12,809,898.73 $ 4.62
Total Note Monthly Interest Paid 12,809,898.73 4.62
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 $ 285,336.37 $ 5.04
Class C Cert. Monthly Interest Paid 285,336.37 5.04
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 $ 325,478.75 $ 5.75
Class D Cert. Monthly Interest Paid 325,478.75 5.75
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 $ 13,420,713.85 $ 4.65
Total Note and Cert. Mthly Int. Paid 13,420,713.85 4.65
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 $ 95,381,623.86
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 27,837,566.97 9.64
Regular Principal Distribution Amount 499,662,433.03 173.08
Principal Distribution Amount 527,500,000.00 182.72
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 95,381,623.86 $ 484.17
Class A-2 Notes Monthly Principal Paid 0.00 0.00
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 95,381,623.86 34.39
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 95,381,623.86 33.04
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 111,302,313.18
Total Distributions (incl. Servicing Fee) $ 111,302,313.18
<PAGE>
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,773,666,000.00 $ 2,678,284,376.14
Note Pool Factor 1.0000000 0.9656117
Class A-1 Notes Balance 197,000,000.00 101,618,376.14
Class A-1 Notes Pool Factor 1.0000000 0.5158293
Class A-2 Notes Balance 330,500,000.00 330,500,000.00
Class A-2 Notes Pool Factor 1.0000000 1.0000000
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 2,886,876,000.00 2,791,494,376.14
Portfolio Information:
Wtd Average Coupon (WAC) 7.95% 7.95%
Wtd Average Remaining Maturity (WAM) 46.41 45.52
Remaining Number of Receivables 210,873 208,072
Portfolio Receivable Balance $ 2,999,970,568.02 $ 2,908,567,294.61
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 14,085,820.11
Specified Credit Enhancement Amount 29,085,672.95
Yield Supplement Overcollateralization Amount 162,738,861.58
Target Level of Overcollateralization 176,824,681.69
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 $ 592.27
Recoveries from Prior Month Charge-Offs 0.00
Total Losses for Collection Period 26,247.54
Charge-off Rate for Collection Period (annualized) 0.01%
Cumulative Net Losses for all Periods
Delinquent Receivables:
31-60 Days Delinquent $ 597,714.24
61-90 Days Delinquent 26,929.00
91-120 Days Delinquent 0.00
Over 120 Days Delinquent 0.00
Repossesion Inventory $ 74,643.65
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0000%
Preceding Collection Period 0.0000%
Current Collection Period 0.0104%
Three Month Average 0.0000%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0000%
Preceding Collection Period 0.0000%
Current Collection Period 0.0010%
Three Month Average 0.0000%
