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 20, 1997.
Deutsche Financial Capital Securitization LLC
(Exact name of registrant as specified in charter)
North Carolina 333-24351 56-2018645
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
7800 McCloud Road, Greensboro, North Carolina 27409-9634
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (910) 664-2400
-------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
On June 20, 1997, the Registrant expects to enter into an underwriting
agreement with Credit Suisse First Boston Corporation and Deutsche Morgan
Grenfell Inc. (the "Underwriters"), pursuant to which the Underwriters agreed to
purchase and offer for sale to the public, $154,938,000 approximate aggregate
initial principal amount of the Registrant's Senior/Subordinated Pass-Through
Certificates, Series 1997-I, Class A-1, Class A-2, Class A-3, Class A-4, Class
A-5, Class A-6, Class M and Class B-1 (the "Offered Securities"). The Offered
Securities are registered for sale under the Registrant's effective shelf
Registration Statement on Form S-3 (333-24351), and will be offered pursuant to
a Prospectus, to be dated June 18, 1997, and a related Prospectus Supplement,
dated June 20, 1997, to be filed with the Securities and Exchange Commission
pursuant to the Securities Act of 1933, as amended and Rule 424 thereunder.
In connection with the offering of the Offered Securities, the
Underwriters have prepared and disseminated to potential purchasers certain
"Series Term Sheets", "Computational Materials" and/or "Structural Terms
Sheet(s)," as such terms are defined in the No-Action response letters to
Greenwood Trust Company, Discover Card Master Trust I (publicly available April
5, 1996), to Kidder, Peabody and Co. Incorporated and certain affiliates thereof
(publicly available, May 20, 1994) and the No-Action response letter to Cleary,
Gottlieb, Steen & Hamilton on behalf of the Public Securities Association
(publicly available, February 17, 1995), respectively. In accordance with such
No-Action Letter, the Registrant is filing herewith such Series Term Sheets,
Computational Materials and/or Structural Terms Sheet(s) as Exhibit 99.1.
Exhibits
99.1 Copy of "Series Term Sheets", "Computational Materials" and/or
"Structural Terms Sheet(s)" as provided by Credit Suisse First
Boston Corporation and Deutsche Morgan Grenfell Inc.
-2-
<PAGE>
Signatures
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.
June 20, 1997 DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC
By: DEUTSCHE FINANCIAL CAPITAL I CORP.
By: /s/ Doug R. Muir
Name: Doug R. Muir
Title: Treasurer, Assistant Secretary and
Vice President
-3-
<PAGE>
INDEX TO EXHIBITS
Page
99.1 Copy of "Series Term Sheets", "Computational Materials"
and/or "Structural Terms Sheet(s)"
as provided by Credit Suisse First Boston
Corporation and Deutsche Morgan Grenfell Inc................
-4-
<PAGE>
Deutsche Senior/Subordinated Pass-Through Certificates,
Series 1997-I
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
- --------------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name & Type Par % Life Yield Pay Pay Dur.
- --------------------------------------------------------------------------------
To Call:
A1 SENIOR 34,713,000 6.3500 1.10 6.223 7/97 9/99 1.02
A2 SENIOR 25,021,000 6.5500 3.10 6.558 9/99 7/01 2.71
A3 SENIOR 19,982,000 6.7000 5.10 6.769 7/01 12/03 4.17
A4 SENIOR 7,105,000 6.9000 7.10 6.959 12/03 3/05 5.43
A5 SENIOR 20,813,000 7.2000 10.00 7.270 3/05 3/10 6.86
A6 SENIOR 19,867,000 7.4750 15.43 7.570 3/10 11/13 8.83
M AA MEZZ 12,508,000 7.3750 10.46 7.470 2/02 11/13 6.78
B1 BBB SUB 14,929,000 7.5750 9.98 7.670 2/02 11/13 6.55
B2 BB SUB 6,456,769 9.2750 11.59 9.420 2/02 11/13 6.45
- -------------------------------
To Maturity:
A6 SENIOR 19,867,000 7.4750 16.93 7.569 3/10 2/20 9.20
M AA MEZZ 12,508,000 7.3750 10.72 7.470 2/02 7/16 6.85
B1 BBB SUB 14,929,000 7.5750 9.99 7.670 2/02 8/14 6.55
B2 BB SUB 6,456,769 9.2750 15.38 9.420 2/02 4/24 7.02
- --------------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 160% MHP.
(2) Coupon and price assumed for computational material.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 99-31 Coupon: 6.3500 Original Par: 34,713,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.38 6.31 6.28 6.22 6.19 6.09
Average Life: 5.15 1.88 1.55 1.10 0.93 0.67
Duration: 4.08 1.69 1.41 1.02 0.87 0.63
First Prin Pay: 7/97 7/97 7/97 7/97 7/97 7/97
Last Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31 Coupon: 6.5500 Original Par: 25,021,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.61 6.59 6.58 6.56 6.54 6.51
Average Life: 11.82 5.37 4.43 3.10 2.59 1.84
Duration: 7.96 4.37 3.71 2.71 2.30 1.68
First Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
Last Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-27 Coupon: 6.7000 Original Par: 19,982,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.78 6.78 6.78 6.77 6.76 6.75
Average Life: 15.60 8.60 7.22 5.10 4.07 2.84
Duration: 9.36 6.31 5.52 4.17 3.45 2.51
First Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
Last Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-30+ Coupon: 6.9000 Original Par: 7,105,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.98 6.97 6.97 6.96 6.95 6.93
Average Life: 18.32 11.60 9.90 7.10 5.52 3.57
Duration: 10.08 7.73 6.94 5.43 4.44 3.06
First Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
Last Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-31+ Coupon: 7.2000 Original Par: 20,813,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.28 7.28 7.28 7.27 7.26 7.24
Average Life: 21.11 15.17 13.37 10.00 8.04 4.71
Duration: 10.49 8.90 8.27 6.86 5.87 3.85
First Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
Last Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
-----------------------------------------------------------------------------
A6 SENIOR
Price: 99-29 Coupon: 7.4750 Original Par: 19,867,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 24.76 20.66 18.97 15.43 13.19 8.93
Duration: 10.90 10.16 9.79 8.83 8.08 6.25
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-29+
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 25.83 21.83 20.39 16.93 14.65 9.94
Duration: 11.05 10.37 10.07 9.20 8.50 6.64
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 4/26 12/23 5/22 2/20 12/17 6/13
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
M AA MEZZ
Price: 99-27 Coupon: 7.3750 Original Par: 12,508,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 20.89 15.17 13.50 10.46 9.44 7.75
Duration: 10.21 8.58 8.00 6.78 6.37 5.61
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-27
Bond Yield: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 21.10 15.38 13.76 10.72 9.78 8.26
Duration: 10.24 8.62 8.05 6.85 6.48 5.82
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 11/24 3/21 12/19 7/16 11/14 7/11
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-28 Coupon: 7.5750 Original Par: 14,929,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.68 7.68 7.67 7.67 7.67 7.66
Average Life: 20.60 14.69 13.03 9.98 9.07 7.60
Duration: 10.00 8.36 7.77 6.55 6.17 5.50
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-28
Bond Yield: 7.68 7.68 7.67 7.67 7.67 7.67
Average Life: 20.61 14.70 13.04 9.99 9.11 7.74
Duration: 10.00 8.36 7.78 6.55 6.18 5.56
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 6/23 9/19 1/18 8/14 12/12 12/09
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
B2 BB SUB
Price: 99-28 Coupon: 9.2750 Original Par: 6,456,769
-----------------------------------------------------------------------------
To Call:
Bond Yield: 9.43 9.43 9.42 9.42 9.42 9.41
Average Life: 21.55 16.27 14.59 11.59 10.29 8.10
Duration: 8.85 7.75 7.33 6.45 6.08 5.34
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-28+
Bond Yield: 9.43 9.42 9.42 9.42 9.42 9.42
Average Life: 23.43 19.28 17.97 15.38 14.29 11.78
Duration: 9.00 8.05 7.72 7.02 6.80 6.31
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 12/26 7/26 2/26 4/24 4/22 6/18
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-1
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 88 72 67 54 46 25
June 15, 1999 81 47 36 9 0 0
June 15, 2000 73 21 5 0 0 0
June 15, 2001 65 0 0 0 0 0
June 15, 2002 55 0 0 0 0 0
June 15, 2003 45 0 0 0 0 0
June 15, 2004 33 0 0 0 0 0
June 15, 2005 20 0 0 0 0 0
June 15, 2006 7 0 0 0 0 0
June 15, 2007 0 0 0 0 0 0
June 15, 2008 0 0 0 0 0 0
June 15, 2009 0 0 0 0 0 0
June 15, 2010 0 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 5.2 1.9 1.5 1.1 0.9 0.7
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-2
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 89 33
June 15, 2000 100 100 100 54 22 0
June 15, 2001 100 95 66 1 0 0
June 15, 2002 100 61 27 0 0 0
June 15, 2003 100 29 0 0 0 0
June 15, 2004 100 0 0 0 0 0
June 15, 2005 100 0 0 0 0 0
June 15, 2006 100 0 0 0 0 0
June 15, 2007 91 0 0 0 0 0
June 15, 2008 70 0 0 0 0 0
June 15, 2009 47 0 0 0 0 0
June 15, 2010 22 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 11.8 5.4 4.4 3.1 2.6 1.8
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-3
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 33
June 15, 2001 100 100 100 100 52 0
June 15, 2002 100 100 100 50 0 0
June 15, 2003 100 100 88 16 0 0
June 15, 2004 100 96 53 0 0 0
June 15, 2005 100 62 27 0 0 0
June 15, 2006 100 38 2 0 0 0
June 15, 2007 100 16 0 0 0 0
June 15, 2008 100 0 0 0 0 0
June 15, 2009 100 0 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 92 0 0 0 0 0
June 15, 2012 62 0 0 0 0 0
June 15, 2013 40 0 0 0 0 0
June 15, 2014 17 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 15.6 8.6 7.2 5.1 4.1 2.8
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-4
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 0
June 15, 2002 100 100 100 100 100 0
June 15, 2003 100 100 100 100 5 0
June 15, 2004 100 100 100 57 0 0
June 15, 2005 100 100 100 0 0 0
June 15, 2006 100 100 100 0 0 0
June 15, 2007 100 100 43 0 0 0
June 15, 2008 100 85 0 0 0 0
June 15, 2009 100 26 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 100 0 0 0 0 0
June 15, 2012 100 0 0 0 0 0
June 15, 2013 100 0 0 0 0 0
June 15, 2014 100 0 0 0 0 0
June 15, 2015 75 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 18.3 11.6 9.9 7.1 5.5 3.6
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-5
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 83
June 15, 2002 100 100 100 100 100 32
June 15, 2003 100 100 100 100 100 7
June 15, 2004 100 100 100 100 73 0
June 15, 2005 100 100 100 93 48 0
June 15, 2006 100 100 100 69 27 0
June 15, 2007 100 100 100 48 8 0
June 15, 2008 100 100 94 29 0 0
June 15, 2009 100 100 74 11 0 0
June 15, 2010 100 89 55 0 0 0
June 15, 2011 100 69 37 0 0 0
June 15, 2012 100 51 21 0 0 0
June 15, 2013 100 35 6 0 0 0
June 15, 2014 100 19 0 0 0 0
June 15, 2015 100 2 0 0 0 0
June 15, 2016 98 0 0 0 0 0
June 15, 2017 72 0 0 0 0 0
June 15, 2018 53 0 0 0 0 0
June 15, 2019 32 0 0 0 0 0
June 15, 2020 8 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.2 13.4 10.0 8.0 4.7
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-6
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 100 100 100
June 15, 2003 100 100 100 100 100 100
June 15, 2004 100 100 100 100 100 85
June 15, 2005 100 100 100 100 100 67
June 15, 2006 100 100 100 100 100 53
June 15, 2007 100 100 100 100 100 41
June 15, 2008 100 100 100 100 91 32
June 15, 2009 100 100 100 100 76 25
June 15, 2010 100 100 100 95 63 19
June 15, 2011 100 100 100 80 51 14
June 15, 2012 100 100 100 67 42 6
June 15, 2013 100 100 100 56 34 0
June 15, 2014 100 100 91 46 27 0
June 15, 2015 100 100 77 37 18 0
June 15, 2016 100 85 63 29 9 0
June 15, 2017 100 70 50 18 2 0
June 15, 2018 100 59 42 11 0 0
June 15, 2019 100 48 33 4 0 0
June 15, 2020 100 37 22 0 0 0
June 15, 2021 81 23 10 0 0 0
June 15, 2022 55 9 0 0 0 0
June 15, 2023 45 3 0 0 0 0
June 15, 2024 33 0 0 0 0 0
June 15, 2025 17 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 25.8 21.8 20.4 16.9 14.7 9.9
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class M
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 45
June 15, 2006 100 90 78 56 49 35
June 15, 2007 100 83 71 49 42 28
June 15, 2008 100 76 64 42 35 22
June 15, 2009 100 69 57 37 29 17
June 15, 2010 100 62 51 31 24 9
June 15, 2011 100 55 45 26 20 0
June 15, 2012 98 49 39 22 16 0
June 15, 2013 91 44 34 18 10 0
June 15, 2014 83 38 29 15 3 0
June 15, 2015 75 33 25 7 0 0
June 15, 2016 66 27 20 0 0 0
June 15, 2017 57 22 16 0 0 0
June 15, 2018 50 19 11 0 0 0
June 15, 2019 43 15 4 0 0 0
June 15, 2020 35 7 0 0 0 0
June 15, 2021 26 0 0 0 0 0
June 15, 2022 18 0 0 0 0 0
June 15, 2023 14 0 0 0 0 0
June 15, 2024 4 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.4 13.8 10.7 9.8 8.3
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class B-1
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
June 15, 1998 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 43
June 15, 2006 100 90 78 56 49 30
June 15, 2007 100 83 71 49 39 19
June 15, 2008 100 76 64 40 29 10
June 15, 2009 100 69 57 31 21 3
June 15, 2010 100 62 51 23 14 0
June 15, 2011 100 55 43 16 7 0
June 15, 2012 98 49 35 10 2 0
June 15, 2013 91 42 28 5 0 0
June 15, 2014 83 34 21 0 0 0
June 15, 2015 75 26 14 0 0 0
June 15, 2016 66 18 8 0 0 0
June 15, 2017 57 11 2 0 0 0
June 15, 2018 50 6 0 0 0 0
June 15, 2019 41 1 0 0 0 0
June 15, 2020 29 0 0 0 0 0
June 15, 2021 16 0 0 0 0 0
June 15, 2022 4 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 20.6 14.7 13.0 10.0 9.1 7.7
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class B-2
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 49
June 15, 2006 100 90 78 56 49 49
June 15, 2007 100 83 71 49 49 49
June 15, 2008 100 76 64 49 49 49
June 15, 2009 100 69 57 49 49 49
June 15, 2010 100 62 51 49 49 49
June 15, 2011 100 55 49 49 49 49
June 15, 2012 98 49 49 49 49 49
June 15, 2013 91 49 49 49 49 48
June 15, 2014 83 49 49 49 49 33
June 15, 2015 75 49 49 49 49 21
June 15, 2016 66 49 49 49 49 12
June 15, 2017 57 49 49 49 49 5
June 15, 2018 50 49 49 49 41 0
June 15, 2019 49 49 49 49 28 0
June 15, 2020 49 49 49 41 17 0
June 15, 2021 49 49 49 24 7 0
June 15, 2022 49 49 47 10 0 0
June 15, 2023 49 49 34 4 0 0
June 15, 2024 49 38 20 0 0 0
June 15, 2025 49 19 8 0 0 0
June 15, 2026 35 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 23.4 19.3 18.0 15.4 14.3 11.8
- ---------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
<PAGE>
Deutsche Senior/Subordinated Pass-Through Certificates,
Series 1997-I
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
- --------------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name & Type Par % Life Yield Pay Pay Dur.
- --------------------------------------------------------------------------------
To Call:
A1 SENIOR 34,713,000 6.3500 1.10 6.223 7/97 9/99 1.02
A2 SENIOR 25,021,000 6.5500 3.10 6.558 9/99 7/01 2.71
A3 SENIOR 19,982,000 6.7000 5.10 6.769 7/01 12/03 4.17
A4 SENIOR 7,105,000 6.9000 7.10 6.959 12/03 3/05 5.43
A5 SENIOR 20,813,000 7.2000 10.00 7.270 3/05 3/10 6.86
A6 SENIOR 19,867,000 7.4750 15.43 7.570 3/10 11/13 8.83
M AA MEZZ 12,508,000 7.3750 10.46 7.470 2/02 11/13 6.78
B1 BBB SUB 14,929,000 7.5750 9.98 7.670 2/02 11/13 6.55
B2 BB SUB 6,456,769 9.2750 11.59 9.420 2/02 11/13 6.45
- -------------------------------
To Maturity:
A6 SENIOR 19,867,000 7.4750 16.93 7.569 3/10 2/20 9.20
M AA MEZZ 12,508,000 7.3750 10.72 7.470 2/02 7/16 6.85
B1 BBB SUB 14,929,000 7.5750 9.99 7.670 2/02 8/14 6.55
B2 BB SUB 6,456,769 9.2750 15.38 9.420 2/02 4/24 7.02
- --------------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 160% MHP.
(2) Coupon and price assumed for computational material.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 99-31 Coupon: 6.3500 Original Par: 34,713,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.38 6.31 6.28 6.22 6.19 6.09
Average Life: 5.15 1.88 1.55 1.10 0.93 0.67
Duration: 4.08 1.69 1.41 1.02 0.87 0.63
First Prin Pay: 7/97 7/97 7/97 7/97 7/97 7/97
Last Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31 Coupon: 6.5500 Original Par: 25,021,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.61 6.59 6.58 6.56 6.54 6.51
Average Life: 11.82 5.37 4.43 3.10 2.59 1.84
Duration: 7.96 4.37 3.71 2.71 2.30 1.68
First Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
Last Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-27 Coupon: 6.7000 Original Par: 19,982,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.78 6.78 6.78 6.77 6.76 6.75
Average Life: 15.60 8.60 7.22 5.10 4.07 2.84
Duration: 9.36 6.31 5.52 4.17 3.45 2.51
First Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
Last Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
-----------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-30+ Coupon: 6.9000 Original Par: 7,105,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.98 6.97 6.97 6.96 6.95 6.93
Average Life: 18.32 11.60 9.90 7.10 5.52 3.57
Duration: 10.08 7.73 6.94 5.43 4.44 3.06
First Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
Last Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-31+ Coupon: 7.2000 Original Par: 20,813,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.28 7.28 7.28 7.27 7.26 7.24
Average Life: 21.11 15.17 13.37 10.00 8.04 4.71
Duration: 10.49 8.90 8.27 6.86 5.87 3.85
First Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
Last Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
-----------------------------------------------------------------------------
A6 SENIOR
Price: 99-29 Coupon: 7.4750 Original Par: 19,867,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 24.76 20.66 18.97 15.43 13.19 8.93
Duration: 10.90 10.16 9.79 8.83 8.08 6.25
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-29+
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 25.83 21.83 20.39 16.93 14.65 9.94
Duration: 11.05 10.37 10.07 9.20 8.50 6.64
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 4/26 12/23 5/22 2/20 12/17 6/13
-----------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
M AA MEZZ
Price: 99-27 Coupon: 7.3750 Original Par: 12,508,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 20.89 15.17 13.50 10.46 9.44 7.75
Duration: 10.21 8.58 8.00 6.78 6.37 5.61
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-27
Bond Yield: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 21.10 15.38 13.76 10.72 9.78 8.26
Duration: 10.24 8.62 8.05 6.85 6.48 5.82
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 11/24 3/21 12/19 7/16 11/14 7/11
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-28 Coupon: 7.5750 Original Par: 14,929,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.68 7.68 7.67 7.67 7.67 7.66
Average Life: 20.60 14.69 13.03 9.98 9.07 7.60
Duration: 10.00 8.36 7.77 6.55 6.17 5.50
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-28
Bond Yield: 7.68 7.68 7.67 7.67 7.67 7.67
Average Life: 20.61 14.70 13.04 9.99 9.11 7.74
Duration: 10.00 8.36 7.78 6.55 6.18 5.56
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 6/23 9/19 1/18 8/14 12/12 12/09
-----------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-1
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 88 72 67 54 46 25
June 15, 1999 81 47 36 9 0 0
June 15, 2000 73 21 5 0 0 0
June 15, 2001 65 0 0 0 0 0
June 15, 2002 55 0 0 0 0 0
June 15, 2003 45 0 0 0 0 0
June 15, 2004 33 0 0 0 0 0
June 15, 2005 20 0 0 0 0 0
June 15, 2006 7 0 0 0 0 0
June 15, 2007 0 0 0 0 0 0
June 15, 2008 0 0 0 0 0 0
June 15, 2009 0 0 0 0 0 0
June 15, 2010 0 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 5.2 1.9 1.5 1.1 0.9 0.7
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-2
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 89 33
June 15, 2000 100 100 100 54 22 0
June 15, 2001 100 95 66 1 0 0
June 15, 2002 100 61 27 0 0 0
June 15, 2003 100 29 0 0 0 0
June 15, 2004 100 0 0 0 0 0
June 15, 2005 100 0 0 0 0 0
June 15, 2006 100 0 0 0 0 0
June 15, 2007 91 0 0 0 0 0
June 15, 2008 70 0 0 0 0 0
June 15, 2009 47 0 0 0 0 0
June 15, 2010 22 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 11.8 5.4 4.4 3.1 2.6 1.8
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-3
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 33
June 15, 2001 100 100 100 100 52 0
June 15, 2002 100 100 100 50 0 0
June 15, 2003 100 100 88 16 0 0
June 15, 2004 100 96 53 0 0 0
June 15, 2005 100 62 27 0 0 0
June 15, 2006 100 38 2 0 0 0
June 15, 2007 100 16 0 0 0 0
June 15, 2008 100 0 0 0 0 0
June 15, 2009 100 0 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 92 0 0 0 0 0
June 15, 2012 62 0 0 0 0 0
June 15, 2013 40 0 0 0 0 0
June 15, 2014 17 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 15.6 8.6 7.2 5.1 4.1 2.8
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-4
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 0
June 15, 2002 100 100 100 100 100 0
June 15, 2003 100 100 100 100 5 0
June 15, 2004 100 100 100 57 0 0
June 15, 2005 100 100 100 0 0 0
June 15, 2006 100 100 100 0 0 0
June 15, 2007 100 100 43 0 0 0
June 15, 2008 100 85 0 0 0 0
June 15, 2009 100 26 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 100 0 0 0 0 0
June 15, 2012 100 0 0 0 0 0
June 15, 2013 100 0 0 0 0 0
June 15, 2014 100 0 0 0 0 0
June 15, 2015 75 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 18.3 11.6 9.9 7.1 5.5 3.6
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-5
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 83
June 15, 2002 100 100 100 100 100 32
June 15, 2003 100 100 100 100 100 7
June 15, 2004 100 100 100 100 73 0
June 15, 2005 100 100 100 93 48 0
June 15, 2006 100 100 100 69 27 0
June 15, 2007 100 100 100 48 8 0
June 15, 2008 100 100 94 29 0 0
June 15, 2009 100 100 74 11 0 0
June 15, 2010 100 89 55 0 0 0
June 15, 2011 100 69 37 0 0 0
June 15, 2012 100 51 21 0 0 0
June 15, 2013 100 35 6 0 0 0
June 15, 2014 100 19 0 0 0 0
June 15, 2015 100 2 0 0 0 0
June 15, 2016 98 0 0 0 0 0
June 15, 2017 72 0 0 0 0 0
June 15, 2018 53 0 0 0 0 0
June 15, 2019 32 0 0 0 0 0
June 15, 2020 8 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.2 13.4 10.0 8.0 4.7
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-6
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 100 100 100
June 15, 2003 100 100 100 100 100 100
June 15, 2004 100 100 100 100 100 85
June 15, 2005 100 100 100 100 100 67
June 15, 2006 100 100 100 100 100 53
June 15, 2007 100 100 100 100 100 41
June 15, 2008 100 100 100 100 91 32
June 15, 2009 100 100 100 100 76 25
June 15, 2010 100 100 100 95 63 19
June 15, 2011 100 100 100 80 51 14
June 15, 2012 100 100 100 67 42 6
June 15, 2013 100 100 100 56 34 0
June 15, 2014 100 100 91 46 27 0
June 15, 2015 100 100 77 37 18 0
June 15, 2016 100 85 63 29 9 0
June 15, 2017 100 70 50 18 2 0
June 15, 2018 100 59 42 11 0 0
June 15, 2019 100 48 33 4 0 0
June 15, 2020 100 37 22 0 0 0
June 15, 2021 81 23 10 0 0 0
June 15, 2022 55 9 0 0 0 0
June 15, 2023 45 3 0 0 0 0
June 15, 2024 33 0 0 0 0 0
June 15, 2025 17 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 25.8 21.8 20.4 16.9 14.7 9.9
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class M
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
- ---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 45
June 15, 2006 100 90 78 56 49 35
June 15, 2007 100 83 71 49 42 28
June 15, 2008 100 76 64 42 35 22
June 15, 2009 100 69 57 37 29 17
June 15, 2010 100 62 51 31 24 9
June 15, 2011 100 55 45 26 20 0
June 15, 2012 98 49 39 22 16 0
June 15, 2013 91 44 34 18 10 0
June 15, 2014 83 38 29 15 3 0
June 15, 2015 75 33 25 7 0 0
June 15, 2016 66 27 20 0 0 0
June 15, 2017 57 22 16 0 0 0
June 15, 2018 50 19 11 0 0 0
June 15, 2019 43 15 4 0 0 0
June 15, 2020 35 7 0 0 0 0
June 15, 2021 26 0 0 0 0 0
June 15, 2022 18 0 0 0 0 0
June 15, 2023 14 0 0 0 0 0
June 15, 2024 4 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.4 13.8 10.7 9.8 8.3
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class B-1
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 43
June 15, 2006 100 90 78 56 49 30
June 15, 2007 100 83 71 49 39 19
June 15, 2008 100 76 64 40 29 10
June 15, 2009 100 69 57 31 21 3
June 15, 2010 100 62 51 23 14 0
June 15, 2011 100 55 43 16 7 0
June 15, 2012 98 49 35 10 2 0
June 15, 2013 91 42 28 5 0 0
June 15, 2014 83 34 21 0 0 0
June 15, 2015 75 26 14 0 0 0
June 15, 2016 66 18 8 0 0 0
June 15, 2017 57 11 2 0 0 0
June 15, 2018 50 6 0 0 0 0
June 15, 2019 41 1 0 0 0 0
June 15, 2020 29 0 0 0 0 0
June 15, 2021 16 0 0 0 0 0
June 15, 2022 4 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 20.6 14.7 13.0 10.0 9.1 7.7
- ---------------------------------------------------------------------------------------------
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche Morgan Grenfell logo appears here)
<PAGE>
