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Previous: NATIONSBANK AUTO OWNER TRUST 1996-A, 8-K, 2000-05-31 |
Next: FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 169, 485BPOS, 2000-05-31 |
<TABLE>
<CAPTION>
Exhibit 99
MONTHLY SERVICERS CERTIFICATE
SERVICER: NATIONSBANK, N.A.
NATIONSBANK AUTO OWNER TRUST 1996-A
<S> <C>
Collection Period April 2000
Determination Date 05/08/00
Deposit Date 05/12/2000
Distribution Date 05/15/2000
POOL BALANCE
Pool Balance on the close of the last day of the preceding 112,806,250.69
Collection Period
Less: Collections and Liquidation Proceeds allocable to Principal 11,922,610.86
Purchase Amount allocable to Principal 0.00
Realized Losses (see note) 318,462.22
-----------------
Pool Balance on the close of the last day of the Collection Period 100,565,177.61
Collections allocable to Principal received from Collection Period up
to and including the Second Business Day immediately
preceding the Current Determination Date 2,134,605.93
-----------------
Pool Balance as of the Second Business Day immediately preceding
the Current Determination Date 98,430,571.68
Original Pool Balance 2,136,187,667.91
Pool Factor 4.6077680%
</TABLE>
<TABLE>
<CAPTION>
Portfolio Balances and Pool Factors
Beginning End
of Period of Period
--------- ---------
<S> <C> <C>
Class A-1 Note Balance - -
Class A-1 Pool Factor 0.0000000 0.0000000
Class A-2 Note Balance - -
Class A-2 Pool Factor 0.0000000 0.0000000
Class A-3 Note Balance - -
Class A-3 Pool Factor 0.0000000 0.0000000
Class A-4 Note Balance - -
Class A-4 Pool Factor 0.0000000 0.0000000
Class B-1 Certificate Balance 35,274,663.39 23,646,903.77
Class B-1 Pool Factor 0.3669513 0.2459914
Class B-2 Certificate Balance 74,783,667.91 74,783,667.91
Class B-2 Pool Factor 1.0000000 1.0000000
Weighted Average Coupon 10.3515000%
Weighted Average Original Term 66.40
Weighted Average Remaining Term 14.29
</TABLE>
<TABLE>
<CAPTION>
COLLECTIONS
<S> <C>
Interest:
Collections and Liquidation Proceeds allocable to interest 901,961.67
Recoveries 288,157.48
Purchase Amount allocable to Interest 0.00
-------------
Total Interest Collections 1,190,119.15
Advances for the related Distribution Date 205,450.13
Less: Outstanding Advances to be reimbursed 141,764.93
-------------
Available Interest 1,253,804.35
Principal:
Collections and Liquidation Proceeds allocable to Principal
(for the Collection Period) 11,922,610.86
Purchase Amount allocable to Principal (for the Collection 0.00
Period) Collections allocable to Principal received up to
and including the immediately preceding the Current
Determination Date 2,134,605.93
Less: Prior Month Collections allocable to Principal up to and
including the Second Business Day immediately preceding the
Current Determination Date 2,747,919.39
-------------
Available Principal 11,309,297.40
Available Funds 12,563,101.75
Regular Principal (equals Available Principal plus Realized Losses) 11,627,759.62
REQUIRED DISTRIBUTABLE AMOUNTS
Reimbursement of Outstanding Advances on Defaulted Receivables 9,360.10
Servicing Fee (inc. unpaid amount from prior periods) 94,005.21
Noteholder Amounts
Class A-1 Monthly Interest 0.00
Class A-1 Interest Carryover Shortfall 0.00
-------------
Total 0.00
Class A-2 Monthly Interest 0.00
Class A-2 Interest Carryover Shortfall 0.00
-------------
Total 0.00
Class A-3 Monthly Interest 0.00
Class A-3 Interest Carryover Shortfall 0.00
-------------
Total 0.00
Class A-4 Monthly Interest 0.00
Class A-4 Interest Carryover Shortfall 0.00
-------------
Total 0.00
Total Accrued Note Interest 0.00
Class A-1 Monthly Principal 0.00
Class A-1 Principal Carryover Shortfall 0.00
-------------
Total 0.00
Class A-2 Monthly Principal 0.00
Class A-2 Principal Carryover Shortfall 0.00
-------------
Total 0.00
Class A-3 Monthly Principal 0.00
Class A-3 Principal Carryover Shortfall 0.00
-------------
Total 0.00
Class A-4 Monthly Principal 0.00
Class A-4 Principal Carryover Shortfall 0.00
-------------
Total 0.00
Total Noteholders' Principal Payment Amount 0.00
Certificateholder Amounts
Class B-1 Monthly Interest 198,419.98
Class B-1 Interest Carryover Shortfall 0.00
-------------
Total 198,419.98
Class B-2 Monthly Interest 428,448.10
Class B-2 Interest Carryover Shortfall 0.00
-------------
Total 428,448.10
Total Accrued Certificate Interest 626,868.08
Class B-1 Monthly Principal 11,627,759.62
Class B-1 Principal Carryover Shortfall 0.00
-------------
Total 11,627,759.62
Class B-2 Monthly Principal 0.00
Class B-2 Principal Carryover Shortfall 0.00
-------------
Total 0.00
Total Certificateholders' Principal Distribution Amount 11,627,759.62
Total required distributable amount 12,357,993.01
Less: Total Available Funds 12,563,101.75
-------------
Net Available Funds (Shortfall) Excess 205,108.74
Withdrawal from Reserve Account (If Shortfall) 0.00
Deposit to Reserve Account (If Excess) 205,108.74
DISTRIBUTIONS
Deposit to the Collection Account
Available Interest 1,253,804.35
Available Principal 11,309,297.40
Withdrawal from Reserve Account 0.00
Less: Amounts to be withheld by Servicer
a) Reimbursement of Outstanding Advances on
Defaulted Receivables 9,360.10
b) Servicing Fee 94,005.21
-------------
Net Deposit to Collection Account 12,459,736.44
Deposit to Note Payment Account
Class A-1 Interest Distribution 0.00
Class A-2 Interest Distribution 0.00
Class A-3 Interest Distribution 0.00
Class A-4 Interest Distribution 0.00
Class A-1 Principal Distribution 0.00
Class A-2 Principal Distribution 0.00
Class A-3 Principal Distribution 0.00
Class A-4 Principal Distribution 0.00
-------------
Total Deposit to Note Payment Account 0.00
Deposit to Certificate Distribution Account
Class B-1 Interest Distribution 198,419.98
Class B-2 Interest Distribution 428,448.10
Class B-1 Principal Distribution 11,627,759.62
Class B-2 Principal Distribution 0.00
-------------
Total Deposit to Certificate Distribution Account 12,254,627.70
Deposit to Reserve Account 205,108.74
</TABLE>
<TABLE>
<CAPTION>
SPECIFIED RESERVE ACCOUNT BALANCE
GREATER OF:
<S> <C> <C>
(I) Sum of:
(a) Percentage applicable times 7.00%
Pool Balance as of the last day of the prior Collection
Period less Principal collected up to and including the
second Business Day preceding the most recent
Determination Date 98,430,571.68 6,890,140.02
--------------
and,
(b) Specified Interest Reserve Amount (Three months 0.00
--------------
interest on the Certificates if Notes are Outstanding) 6,890,140.02
and
(II) Lesser of:
(a) $26,702,346. 26,702,346.00
and
(b) Aggregate outstanding Note Principal Balance and
Aggregate sum of Certificate Balances 98,430,571.68
Specified Reserve Account Balance 26,702,346.00
RESERVE ACCOUNT RECONCILIATION
Beginning Balance (Initial Balance is 2.5% of Original Pool
Balance) 26,702,346.00
Deposit from Available Interest and Available Principal 205,108.74
Investment Earnings 117,752.08
Less:
Accrued and unpaid Servicing Fees 0.00
Amounts to be distributed to Securityholders' 0.00
--------------
Balance 27,025,206.82
Less: Withdrawal by holder of Contingent Payment Right of
Excess of Reserve Account Balance Over Specified Reserve
Account Balance 322,860.82
--------------
Ending Balance 26,702,346.00
Interest Reserve Amount 0.00
Available Reserve Amount 26,702,346.00
INSTRUCTIONS TO THE TRUSTEE
Amount to be deposited from the Collection Account into
the NotePayment Account 0.00
Amount to be deposited from the Collection Account into the
Certificate Distribution Account 12,254,627.70
Amount to be deposited from the Collection Account into the
Reserve Account 205,108.74
Amount to be deposited from the Reserve Account to the account of the
holder of the Contingent Payment Right 322,860.82
Amount to be deposited from the Reserve Account into the
Collection Account 0.00
NET LOSS AND DELINQUENCY ACTIVITY
Realized Losses 318,462.22
Net Loss Ratio (annualized)
For the current Collection Period 0.34%
For the preceding Collection Period -0.58%
For the second preceding Collection Period 1.43%
--------------
Average Net Loss Ratio (Specified Reserve Account 0.40%
Balance increases if greater than 1.50%)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
Delinquency Analysis
Number of Princopal
Loans Balance
--------- ------------
30 to 59 days past due 1420 5,888,619.97
60 to 89 days past due 291 1,137,088.63
90 or more days past due 147 698,842.08
--------- ------------
Total 1858 7,724,550.68
Collateral Repossessed and Held by the Trust (included in above
Delinquency Amounts) 59 309,896.40
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Delinquency Ratio including Repossessions
For the current Collection Period 1.83%
For the preceding Collection Period 2.02%
For the second preceding Collection Period 2.45%
-------
Average Delinquency Ratio (Specified Reserve Account 2.10%
Balance increases if greater than 1.25%)
Loss and Delinquency Trigger Indicator YES
Equity Percentage 127.13%
Repurchased Receivables 0.00
</TABLE>
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