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Previous: NATIONSBANK AUTO OWNER TRUST 1996-A, 8-K, 2000-07-31 |
Next: RIPPLEWOOD PARTNERS LP, 3, 2000-07-31 |
<TABLE>
<CAPTION>
Exhibit 99
MONTHLY SERVICERS CERTIFICATE
SERVICER: NATIONSBANK, N.A.
NATIONSBANK AUTO OWNER TRUST 1996-A
<S> <C>
Collection Period June 2000
Determination Date 07/07/00
Deposit Date 07/14/00
Distribution Date 07/17/00
POOL BALANCE
Pool Balance on the close of the last day of the preceding 88,025,000.93
Collection Period
Less: Collections and Liquidation Proceeds allocable to Principal 87,832,400.22
Purchase Amount allocable to Principal 0.00
Realized Losses (see note) 192,600.71
-----------------
Pool Balance on the close of the last day of the Collection Period -
Collections allocable to Principal received from Collection Period up
to and including the Second Business Day immediately
preceding the Current Determination Date -
-----------------
Pool Balance as of the Second Business Day immediately preceding
the Current Determination Date -
Original Pool Balance 2,136,187,667.91
Pool Factor 0.0000000%
</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 11,145,629.26 -
Class B-1 Pool Factor 0.1159445 0.0000000
Class B-2 Certificate Balance 74,783,667.91 -
Class B-2 Pool Factor 1.0000000 0.0000000
Weighted Average Coupon 10.3632000%
Weighted Average Original Term 67.28
Weighted Average Remaining Term 13.47
</TABLE>
<TABLE>
<CAPTION>
COLLECTIONS
<S> <C>
Interest:
Collections and Liquidation Proceeds allocable to interest 777,719.46
Recoveries 285,277.55
Purchase Amount allocable to Interest 0.00
-------------
Total Interest Collections 1,062,997.01
Advances for the related Distribution Date 122,271.47
Less: Outstanding Advances to be reimbursed 146,102.68
-------------
Available Interest 1,039,165.80
Principal:
Collections and Liquidation Proceeds allocable to Principal
(for the Collection Period) 87,832,400.22
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 0.00
Less: Prior Month Collections allocable to Principal up to and
including the Second Business Day immediately preceding the
Current Determination Date 2,095,703.76
-------------
Available Principal 85,736,696.46
Available Funds 86,775,862.26
Regular Principal (equals Available Principal plus Realized Losses) 85,929,297.17
REQUIRED DISTRIBUTABLE AMOUNTS
Reimbursement of Outstanding Advances on Defaulted Receivables 3,718.58
Servicing Fee (inc. unpaid amount from prior periods) 73,354.17
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 62,694.16
Class B-1 Interest Carryover Shortfall 0.00
-------------
Total 62,694.16
Class B-2 Monthly Interest 428,448.10
Class B-2 Interest Carryover Shortfall 0.00
-------------
Total 428,448.10
Total Accrued Certificate Interest 491,142.26
Class B-1 Monthly Principal 11,145,629.26
Class B-1 Principal Carryover Shortfall 0.00
-------------
Total 11,145,629.26
.
Class B-2 Monthly Principal 74,783,667.91
Class B-2 Principal Carryover Shortfall 0.00
-------------
Total 74,783,667.91
Total Certificateholders' Principal Distribution Amount 85,929,297.17
Total required distributable amount 86,497,512.18
Less: Total Available Funds 86,775,862.26
-------------
Net Available Funds (Shortfall) Excess 278,350.08
Withdrawal from Reserve Account (If Shortfall) 0.00
Deposit to Reserve Account (If Excess) 278,350.08
DISTRIBUTIONS
Deposit to the Collection Account
Available Interest 1,039,165.80
Available Principal 85,736,696.46
Withdrawal from Reserve Account 0.00
Less: Amounts to be withheld by Servicer
a) Reimbursement of Outstanding Advances on
Defaulted Receivables 3,718.58
b) Servicing Fee 73,354.17
-------------
Net Deposit to Collection Account 86,698,789.51
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 62,694.16
Class B-2 Interest Distribution 428,448.10
Class B-1 Principal Distribution 11,145,629.26
Class B-2 Principal Distribution 74,783,667.91
-------------
Total Deposit to Certificate Distribution Account 86,420,439.43
0.00
Deposit to Reserve Account 278,350.08
</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 76,991,511.40 5,389,405.80
--------------
and,
(b) Specified Interest Reserve Amount (Three months 0.00
--------------
interest on the Certificates if Notes are Outstanding) 5,389,405.80
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 76,991,511.40
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 278,350.08
Investment Earnings 128,262.56
Less:
Accrued and unpaid Servicing Fees 0.00
Amounts to be distributed to Securityholders' 0.00
--------------
Balance 27,108,958.64
Less: Withdrawal by holder of Contingent Payment Right of
Excess of Reserve Account Balance Over Specified Reserve
Account Balance 406,612.64
--------------
Ending Balance 0.00
Interest Reserve Amount 0.00
Available Reserve Amount 0.00
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 86,420,439.43
Amount to be deposited from the Collection Account into the
Reserve Account 278,350.08
Amount to be deposited from the Reserve Account to the account of the
holder of the Contingent Payment Right 406,612.64
Amount to be deposited from the Reserve Account into the
Collection Account 0.00
NET LOSS AND DELINQUENCY ACTIVITY
Realized Losses 192,600.71
Net Loss Ratio (annualized)
For the current Collection Period -2.53%
For the preceding Collection Period 0.28%
For the second preceding Collection Period 0.34%
--------------
Average Net Loss Ratio (Specified Reserve Account -0.64%
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 1201 4,672,336.19
60 to 89 days past due 320 1,164,729.05
90 or more days past due 152 636,655.33
--------- ------------
Total 1673 6,473,720.57
Collateral Repossessed and Held by the Trust (included in above
Delinquency Amounts) 45 232,209.36
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Delinquency Ratio including Repossessions
For the current Collection Period 2.05%
For the preceding Collection Period 1.83%
For the second preceding Collection Period 1.83%
-------
Average Delinquency Ratio (Specified Reserve Account 1.90%
Balance increases if greater than 1.25%)
Loss and Delinquency Trigger Indicator YES
Equity Percentage 134.68%
Repurchased Receivables 0.00
</TABLE>
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