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Previous: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K/A, EX-19.3, 2001-01-10 |
Next: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K/A, EX-19.5, 2001-01-10 |
Exhibit 19.4
Ford Credit Auto Owner Trust 2000-D
Monthly Servicing Report
<TABLE>
<CAPTION>
<S> <C>
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 6
I. ORIGINAL DEAL PARAMETERS
Dollar Amount # of Contracts
Original Portfolio: $2,199,977,195.96 161,099
Original Securities: Dollar Amount Coupon Legal Final Maturity
Class A-1 Notes $439,000,000.00 7.008% June 15, 2002
Class A-2 Notes 360,000,000.00 7.060% April 15, 2003
Class A-3 Notes 294,000,000.00 7.150% December 15, 2003
Class A-4 Notes 227,000,000.00 7.130% July 15, 2004
Class A-5 Notes 153,000,000.00 7.150% January 15, 2005
Class B Notes 72,724,000.00 7.400% April 15, 2005
Class C Certificates 41,557,000.00 7.910% July 15, 2005
Class D Certificates 41,557,000.00 9.000% October 15, 2005
Variable Pay Term Note 1 490,556,000.00 6.737% January 15, 2005
--------------
Total $2,119,394,000.00
II. COLLECTIONS
Interest: Simple Interest Loans Precomputed Loans Total
Interest Collections $8,962,190.86 $26,087.54 $8,988,278.40
Repurchased Loan Proceeds Related to Interest 8,680.18 0.00 8,680.18
-------- ---- --------
Total $8,970,871.04 $26,087.54 $8,996,958.58
Servicer Advances:
Principal Advances $0.00 $13,573.05 $13,573.05
Interest Advances 3,606,946.36 4,391.11 3,611,337.47
------------ -------- ------------
Total $3,606,946.36 $17,964.16 $3,624,910.52
Principal:
Principal Collections $38,406,680.97 $85,309.23 $38,491,990.20
Prepayments in Full 15,632,083.60 51,309.53 15,683,393.13
Prepayments in Full Due to Administrative Repurchases 0.00 (77.61) (77.61)
Repurchased Loan Proceeds Related to Principal 686,847.18 0.00 686,847.18
Payahead Draws 0.00 17,719.03 17,719.03
---- --------- ---------
Total $54,725,611.75 $154,260.18 $54,879,871.93
Liquidation Proceeds $381,701.56
Recoveries from Prior Month Charge-Offs 853.00
------
Total Principal Collections $55,262,426.49
Principal Losses for Collection Period $956,173.38
Total Regular Principal Reduction $55,849,618.36
Total Collections $67,884,295.59
<PAGE>
Ford Credit Auto Owner Trust 2000-D
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 6
III. FUNDS AVAILABLE FOR DISTRIBUTION
Total Collections $67,884,295.59
Net Swap Receipt 4,367.91
Reserve Account Release 0.00
Reserve Account Draw 0.00
VPTN Issuance Proceeds 439,000,000.00
Accumulation Account Draw 0.00
----
Total Available for Distribution to Noteholders and Certificateholders $506,888,663.50
IV. DISTRIBUTIONS
Servicing Fee: Amount Due Amount Paid Shortfall
Total Amount $1,557,526.47 $1,557,526.47 $0.00
Amount per $1,000 of Original Balance 0.73 0.73 0.00
Net Swap Payment $0.00
Change in
Noteholders Interest: Amount Due Amount Paid Shortfall Carryover Shortfall Carryover Shortfall
Class A1 Notes $2,563,760.00 $2,563,760.00 $0.00 $0.00 $0.00
Class A2 Notes 2,118,000.00 2,118,000.00 0.00 0.00 0.00
Class A3 Notes 1,751,750.00 1,751,750.00 0.00 0.00 0.00
Class A4 Notes 1,348,758.33 1,348,758.33 0.00 0.00 0.00
Class A5 Notes 911,625.00 911,625.00 0.00 0.00 0.00
Class B Notes 448,464.67 448,464.67 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $9,142,358.00 $9,142,358.00 $0.00 $0.00 $0.00
Certificateholders Interest:
Class C Certificates $273,929.89 $273,929.89 $0.00 $0.00 $0.00
Class D Certificates 311,677.50 311,677.50 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $585,607.39 $585,607.39 $0.00 $0.00 $0.00
Variable Pay Term Note Interest:
Variable Pay Term Note 1 $923,027.19 $923,027.19 $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
Variable Pay Term Note 6 $0.00 $0.00 $0.00 $0.00 $0.00
----- ----- ----- ----- -----
Total $923,027.19 $923,027.19 $0.00 $0.00 $0.00
Total Note Interest: $10,065,385.19 $10,065,385.19 $0.00 $0.00 $0.00
Total Note and Cert. Interest: $10,650,992.58 $10,650,992.58 $0.00 $0.00 $0.00
Principal Distribution Amounts
First Priority Distribution Amount $0.00
Second Priority Distribution Amount 0.00
Regular Principal Distribution Amount 70,499,477.09
-------------
Principal Distribution Amount $70,499,477.09
<PAGE>
Ford Credit Auto Owner Trust 2000-D
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 6
Noteholder Principal Distributions:
Class A1 Notes $439,000,000.00
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 $439,000,000.00
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 $55,680,144.45
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
Variable Pay Term Note 6 $0.00
-----
Total Variable Pay Term Note Principal Paid $55,680,144.45
Total Note and Certificate Principal Paid: $494,680,144.45
Deposit to Reserve $0.00
Collections Released to Servicer $0.00
Deposit to Accumulation Account $0.00
Total Available for Distribution $506,888,663.50
Total Distribution (incl. Servicing Fee) $506,888,663.50
V. DISTRIBUTION PER $1,000 OF ORIGINAL BALANCE
Principal Interest Total
Distribution Distribution Distribution
Class A1 Notes $1,000.00 $5.84 $1,005.84
Class A2 Notes 0.00 5.88 5.88
Class A3 Notes 0.00 5.96 5.96
Class A4 Notes 0.00 5.94 5.94
Class A5 Notes 0.00 5.96 5.96
Class B Notes 0.00 6.17 6.17
---- ---- ----
Total Notes $284.01 $5.91 $289.92
Class C Certificates $0.00 $6.59 $6.59
Class D Certificates 0.00 7.50 7.50
---- ---- ----
Total Certificates $0.00 $7.05 $7.05
Variable Pay Term Note 1 $113.50 $1.88 $115.39
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
Variable Pay Term Note 6 $0.00 $0.00 $0.00
----- ----- -----
Total Variable Pay Term Notes $28.36 $0.47 $28.83
Total Notes and Certificates: $233.41 $5.03 $238.43
<PAGE>
Ford Credit Auto Owner Trust 2000-D
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 6
VI. POOL BALANCE AND PORTFOLIO INFORMATION
Beginning of Period End of Period
Balance Pool Factor Balance Pool Factor
Aggregate Balance of Notes $1,699,861,462.84 0.8347877 $1,644,181,318.39 0.8074436
Class A1 Notes 439,000,000.00 1.0000000 0.00 0.0000000
Class A2 Notes 360,000,000.00 1.0000000 360,000,000.00 1.0000000
Class A3 Notes 294,000,000.00 1.0000000 294,000,000.00 1.0000000
Class A4 Notes 227,000,000.00 1.0000000 227,000,000.00 1.0000000
Class A5 Notes 153,000,000.00 1.0000000 153,000,000.00 1.0000000
Class B Notes 72,724,000.00 1.0000000 72,724,000.00 1.0000000
Class C Certificates 41,557,000.00 1.0000000 41,557,000.00 1.0000000
Class D Certificates 41,557,000.00 1.0000000 41,557,000.00 1.0000000
Variable Pay Term Note 1 154,137,462.84 0.3142097 98,457,318.39 0.2007056
Variable Pay Term Note 2 0.00 0.0000000 439,000,000.00 1.0000000
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
Variable Pay Term Note 6 0.00 0.0000000 0.00 0.0000000
---- --------- ---- ---------
Total $1,782,975,462.84 0.8412666 $1,727,295,318.39 0.8149949
Portfolio Information
Weighted Average Coupon (WAC) 8.07% 8.09%
Weighted Average Remaining Maturity (WAM) 42.10 41.21
Remaining Number of Receivables 143,603 141,870
Portfolio Receivable Balance $1,869,031,761.75 $1,813,182,143.39
VII. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $7,131,935.45
Specified Credit Enhancement Amount $18,131,821.43
Yield Supplement Overcollateralization Amount $93,574,222.19
Target Level of Overcollateralization $100,706,157.64
VIII. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $10,999,885.98
Specified Reserve Account Balance 10,999,885.98
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Reserve Account Deposits Made 0.00
----
Ending Reserve Account Balance $10,999,885.98
Change in Reserve Account Balance $0.00
IX. 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
<PAGE>
Ford Credit Auto Owner Trust 2000-D
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 6
X. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidation Proceeds $381,701.56
Recoveries from Prior Month Charge-Offs $853.00
Total Losses for Collection Period $1,029,188.14
Charge-off Rate for Collection Period (annualized) 0.42%
Delinquent Receivables: # of Contracts Amount
31-60 Days Delinquent 1,272 $16,695,164.06
61-90 Days Delinquent 166 $2,266,444.51
91-120 Days Delinquent 54 $747,029.15
Over 120 Days Delinquent 29 $395,085.82
Repossesion Inventory 140 $2,123,870.52
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.2482%
Preceding Collection Period 0.2950%
Current Collection Period 0.4215%
Three Month Average 0.3216%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables:
Second Preceding Collection Period 0.0954%
Preceding Collection Period 0.1379%
Current Collection Period 0.1755%
Three Month Average 0.1363%
<PAGE>
Ford Credit Auto Owner Trust 2000-D
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 6
Worksheet Information
Servicer Advances Simple Interest Loans Precomputed Loans
Beginning Servicer Advances $4,385,230.80 $48,221.33
New Advances 3,591,539.16 17,927.66
Servicer Advance Recoveries 1,384,264.86 10,409.04
------------ ---------
Ending Servicer Advances $6,592,505.10 $55,739.95
Current Month Interest Advances for Prepaid Loans $15,407.20 $36.50
Payahead Account
Beginning Payahead Account Balance $61,214.41
Additional Payaheads 41,814.69
Payahead Draws 70,682.05
---------
Ending Payahead Account Balance $32,347.05
</TABLE>
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