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Previous: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K/A, EX-19.5, 2001-01-10 |
Next: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K/A, EX-19.7, 2001-01-10 |
Exhibit 19.6
Ford Credit Auto Owner Trust 2000-F
Monthly Servicing Report
<TABLE>
<CAPTION>
<S> <C>
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 3
I. ORIGINAL DEAL PARAMETERS
Dollar Amount # of Contracts
Original Portfolio: $2,999,599,993.73 205,646
Original Securities: Dollar Amount Coupon Legal Final Maturity
Class A-1 Notes $906,000,000.00 6.777% August 15, 2003
Class A-2 Notes 701,000,000.00 6.560% May 15, 2004
Class A-3 Notes 520,000,000.00 6.580% November 15, 2004
Class A-4 Notes 343,000,000.00 6.817% May 15, 2005
Class A-5 Notes 159,722,000.00 6.837% October 15, 2005
Class B Notes 97,397,000.00 7.000% March 15, 2006
Class C Certificates 55,656,000.00 7.240% July 15, 2006
Class D Certificates 55,656,000.00 9.000% April 15, 2008
-------------
Total $2,838,431,000.00
II. COLLECTIONS
Interest: Simple Interest Loans Precomputed Loans Total
Interest Collections $15,654,836.55 $2,302.69 $15,657,139.24
Repurchased Loan Proceeds Related to Interest 9,009.44 0.00 9,009.44
-------- ---- --------
Total $15,663,845.99 $2,302.69 $15,666,148.68
Servicer Advances:
Principal Advances $0.00 $179.58 $179.58
Interest Advances 5,311,163.39 118.18 5,311,281.57
------------ ------ ------------
Total $5,311,163.39 $297.76 $5,311,461.15
Principal:
Principal Collections $57,109,585.10 $12,120.10 $57,121,705.20
Prepayments in Full 23,602,217.65 15,586.35 23,617,804.00
Prepayments in Full Due to Administrative Repurchases 0.00 0.00 0.00
Repurchased Loan Proceeds Related to Principal 814,337.91 0.00 814,337.91
Payahead Draws 0.00 2.27 2.27
---- ---- ----
Total $81,526,140.66 $27,708.72 $81,553,849.38
Liquidation Proceeds $99,990.53
Recoveries from Prior Month Charge-Offs 63.65
-----
Total Principal Collections $81,653,903.56
Principal Losses for Collection Period $252,140.53
Total Regular Principal Reduction $81,806,169.49
Total Collections $102,631,513.39
<PAGE>
Ford Credit Auto Owner Trust 2000-F
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 3
III. FUNDS AVAILABLE FOR DISTRIBUTION
Total Collections $102,631,513.39
Net Monthly Swap Receipt for VPTN's 0.00
Reserve Account Release 0.00
Reserve Account Draw 0.00
Interest Funding Account Interest Received 0.00
VPTN Issuance Proceeds 0.00
Accumulation Account Draw 0.00
----
Total Available for Distribution to Noteholders and Certificateholders $102,631,513.39
IV. DISTRIBUTIONS
Servicing Fee: Amount Due Amount Paid Shortfall
Total Amount $2,517,542.37 $2,517,542.37 $0.00
Amount per $1,000 of Original Balance 0.89 0.89 0.00
Net Swap Payment for VPTN's $0.00
Change in
Monthly Fixed Rate Int Dist: Amount Due Amount Paid Shortfall Carryover Shortfall Carryover Shortfall
Class A1 Notes $4,977,337.50 $4,977,337.50 $0.00 $0.00 $0.00
Class A2 Notes 3,832,133.33 3,832,133.33 0.00 0.00 0.00
Class A3 Notes 2,851,333.33 2,851,333.33 0.00 0.00 0.00
Class A4 Notes 1,900,934.58 1,900,934.58 0.00 0.00 0.00
Class A5 Notes 890,250.50 890,250.50 0.00 0.00 0.00
Class B Notes 568,149.17 568,149.17 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $15,020,138.41 $15,020,138.41 $0.00 $0.00 $0.00
Certificateholders Interest:
Class C Certificates $335,791.20 $335,791.20 $0.00 $0.00 $0.00
Class D Certificates 417,420.00 417,420.00 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $753,211.20 $753,211.20 $0.00 $0.00 $0.00
Variable Pay Term Note Interest:
Variable Pay Term Note 1 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 2 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 3 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 4 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 5 $0.00 $0.00 $0.00 $0.00 $0.00
----- ----- ----- ----- -----
Total $0.00 $0.00 $0.00 $0.00 $0.00
Total Note Monthly Interest: $15,020,138.41 $15,020,138.41 $0.00 $0.00 $0.00
Total Note and Cert Mthly Int: $15,773,349.61 $15,773,349.61 $0.00 $0.00 $0.00
Change in
Quarterly Interest Distributions: Amount Due Amount Paid Shortfall Carryover Shortfall Carryover Shortfall
Class A1 Notes $13,984,787.99 $13,984,787.99 $0.00 $0.00 $0.00
Class A4 Notes 5,325,712.79 5,325,712.79 0.00 0.00 0.00
Class A5 Notes 2,487,257.27 2,487,257.27 0.00 0.00 0.00
Total Note Quarterly Interest: $21,797,758.05 $21,797,758.05 $0.00 $0.00 $0.00
<PAGE>
Ford Credit Auto Owner Trust 2000-F
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 3
Principal Distribution Amounts
First Priority Distribution Amount $0.00
Second Priority Distribution Amount 0.00
Regular Principal Distribution Amount 84,340,621.41
-------------
Principal Distribution Amount $84,340,621.41
Noteholder Principal Distributions:
Class A1 Notes $0.00
Class A2 Notes 0.00
Class A3 Notes 0.00
Class A4 Notes 0.00
Class A5 Notes 0.00
Class B Notes 0.00
----
Total Note Principal Paid $0.00
Certificateholder Principal Distributions:
Class C Certificates $0.00
Class D Certificates 0.00
----
Total Certificate Principal Paid $0.00
Variable Pay Term Note Distributions:
Variable Pay Term Note 1 $0.00
Variable Pay Term Note 2 $0.00
Variable Pay Term Note 3 $0.00
Variable Pay Term Note 4 $0.00
Variable Pay Term Note 5 $0.00
-----
Total Variable Pay Term Note Principal Paid $0.00
Total Note and Certificate Principal Paid: $0.00
Deposit to Reserve $0.00
Reinvestment in New Loans $89,132,902.39
Deposit to Accumulation Account $0.00
Collections Released to Servicer $0.00
V. DISTRIBUTION PER $1,000 OF ORIGINAL BALANCE
Principal Interest Total
Distribution Distribution Distribution
Class A1 Notes $0.00 $15.44 $15.44
Class A2 Notes 0.00 5.47 5.47
Class A3 Notes 0.00 5.48 5.48
Class A4 Notes 0.00 15.53 15.53
Class A5 Notes 0.00 15.57 15.57
Class B Notes 0.00 5.83 5.83
---- ---- ----
Total Notes $0.00 $5.51 $5.51
Class C Certificates $0.00 $6.03 $6.03
Class D Certificates 0.00 7.50 7.50
---- ---- ----
Total Certificates $0.00 $6.77 $6.77
<PAGE>
Ford Credit Auto Owner Trust 2000-F
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 3
Variable Pay Term Note 1 $0.00 $0.00 $0.00
Variable Pay Term Note 2 $0.00 $0.00 $0.00
Variable Pay Term Note 3 $0.00 $0.00 $0.00
Variable Pay Term Note 4 $0.00 $0.00 $0.00
Variable Pay Term Note 5 $0.00 $0.00 $0.00
----- ----- -----
Total Variable Pay Term Notes $0.00 $0.00 $0.00
Total Notes and Certificates: $0.00 $5.56 $5.56
VI. POOL BALANCE AND PORTFOLIO INFORMATION
Beginning of Period End of Period
Balance Pool Factor Balance Pool Factor
Aggregate Balance of Notes $2,727,119,000.00 1.0000000 $2,727,119,000.00 1.0000000
Class A1 Notes 906,000,000.00 1.0000000 906,000,000.00 1.0000000
Class A2 Notes 701,000,000.00 1.0000000 701,000,000.00 1.0000000
Class A3 Notes 520,000,000.00 1.0000000 520,000,000.00 1.0000000
Class A4 Notes 343,000,000.00 1.0000000 343,000,000.00 1.0000000
Class A5 Notes 159,722,000.00 1.0000000 159,722,000.00 1.0000000
Class B Notes 97,397,000.00 1.0000000 97,397,000.00 1.0000000
Class C Certificates 55,656,000.00 1.0000000 55,656,000.00 1.0000000
Class D Certificates 55,656,000.00 1.0000000 55,656,000.00 1.0000000
Variable Pay Term Note 1 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 2 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 3 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 4 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 5 0.00 0.0000000 0.00 0.0000000
---- --------- ---- ---------
Total $2,838,431,000.00 1.0000000 $2,838,431,000.00 1.0000000
Portfolio Information
Weighted Average Coupon (WAC) 8.31% 8.33%
Weighted Average Remaining Maturity (WAM) 45.42 44.63
Remaining Number of 213,946 217,622
Portfolio Receivable Balance $3,021,050,848.96 $3,028,377,581.86
Monthly Pool Balance $89,779,759.27 $81,806,169.49
VII. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $15,285,775.85
Specified Credit Enhancement Amount $30,283,775.82
Yield Supplement Overcollateralization Amount $211,499,602.74
Target Level of Overcollateralization $226,785,378.59
<PAGE>
Ford Credit Auto Owner Trust 2000-F
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 3
VIII. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $14,997,999.97
Specified Reserve Account Balance 14,997,999.97
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Reserve Account Deposits Made 0.00
----
Ending Reserve Account Balance $14,997,999.97
Change in Reserve Account Balance $0.00
Ratio of Reserve Account to Specified Reserve Account Balance
Early Amortization Trigger: Reserve Account Balance less than 75% Specified Reserve Account Balance for Three Consecutive Months
Second Preceding Collection Period 100.00%
Preceding Collection Period 100.00%
Current Collection Period 100.00%
IX. RECONCILIATION OF INTEREST FUNDING ACCOUNT
Beginning Interest Funding Account Balance $12,688,586.89
Monthly Deposits from Available Funds 7,768,522.58
Quarterly Net Swap Receipt Deposit 1,340,648.59
Quarterly Net Swap Payment Withdrawal 0.00
Quarterly Interest Paid 21,797,758.05
-------------
Ending Interest Funding Account Balance $0.01
Change in Interest Funding Account Balance $(12,688,586.88)
Memo: Cumulative A-1 Swap Receipt not required to be paid $0.00
Cumulative A-1 Swap Payment not required to be paid $0.00
Cumulative A-4 Swap Receipt not required to be paid $0.00
Cumulative A-4 Swap Payment not required to be paid $0.00
Cumulative A-5 Swap Receipt not required to be paid $0.00
Cumulative A-5 Swap Payment not required to be paid $0.00
X. RECONCILIATION OF ACCUMULATION ACCOUNT
Beginning Accumulation Account Balance $0.00
Accumulation Account Interest 0.00
Deposit to Accumulation Account 0.00
Release of Accumulated Balance 0.00
----
Ending Accumulation Account Balance $0.00
Change in Accumulation Account Balance $0.00
Ratio of Accumulation Account Balance to Principal Receivables 0.00%
Accumulation Account Balance early Amortization Trigger % 1.00%
<PAGE>
Ford Credit Auto Owner Trust 2000-F
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 3
XI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY Total
---------------------------------------------
Liquidation Proceeds $99,990.53
Recoveries from Prior Month Charge-Offs $63.65
Total Losses for Collection Period $333,883.79
Charge-off Rate for Collection Period (annualized) 0.10%
Cumulative Net Losses for all Periods $413,112.78
Total Total
Delinquent Receivables: # of Contracts Amount
31-60 Days Delinquent 1,263 $17,639,558.49
61-90 Days Delinquent 136 $1,832,594.22
91-120 Days Delinquent 3 $26,596.57
Over 120 Days Delinquent 0 $0.00
Repossesion Inventory 64 $994,050.09
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0269%
Preceding Collection Period 0.0445%
Current Collection Period 0.0928%
Three Month Average 0.0547%
Trigger 2.50%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables:
Second Preceding Collection Period 0.0049%
Preceding Collection Period 0.0072%
Current Collection Period 0.0656%
Three Month Average 0.0259%
Trigger 2.25%
<PAGE>
Ford Credit Auto Owner Trust 2000-F
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 3
Worksheet Information
Servicer Advances Simple Interest Loans Precomputed Loans
Beginning Servicer Advances $4,727,822.38 $849.51
New Advances 5,286,573.90 268.33
Servicer Advance Recoveries 1,909,919.91 0.00
------------ ----
Ending Servicer Advances $8,104,476.37 $1,117.84
Current Month Interest Advances for Prepaid Loans $24,589.49 $29.43
Payahead Account
Beginning Payahead Account Balance $1,539.52
Additional Payaheads 14,714.66
Payahead Draws 15,589.42
---------
Ending Payahead Account Balance $664.76
</TABLE>
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