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Previous: HONDA AUTO RECEIVABLES 1999-1 OWNER TRUST, 8-K, 2000-12-20 |
Next: INTEGRATED BUSINESS SYSTEMS & SERVICES INC, 8-K, 2000-12-20 |
<PAGE>
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 1999-1 Owner Trust
11/1/2000 through 11/30/2000
<TABLE>
<CAPTION>
I. ORIGINAL DEAL PARAMETER INPUTS
<S> <C> <C>
(A) Total Portfolio Balance $729,507,751.69
(B) Total Securities Balance $729,507,751.69
(C) Class A-1 Notes
(i) Class A-1 Notes Balance $179,424,000.00
(ii) Class A-1 Notes Percentage (C(i)/IB) 24.60%
(iii) Class A-1 Notes Rate 4.974%
(iv) Class A-1 Notes Accrual Basis Actual/360
(D) Class A-2 Notes
(i) Class A-2 Notes Balance $195,000,000.00
(ii) Class A-2 Notes Percentage (D(i)/IB) 26.73%
(iii) Class A-2 Notes Rate 5.186%
(iv) Class A-2 Notes Accrual Basis Actual/360
(E) Class A-3 Notes
(i) Class A-3 Notes Balance $208,000,000.00
(ii) Class A-3 Notes Percentage (E(i)/B) 28.51%
(iii) Class A-3 Notes Rate 5.300%
(iv) Class A-3 Notes Accrual Basis 30/360
(F) Class A-4 Notes
(i) Class A-4 Notes Balance $110,608,000.00
(ii) Class A-4 Notes Percentage (F(i)/B) 15.16%
(iii) Class A-4 Notes Rate 5.350%
(iv) Class A-4 Notes Accrual Basis 30/360
(G) Certificates
(i) Certificates Balance $36,475,751.69
(ii) Certificates Percentage (G(i)/B) 5.00%
(iii) Certificates Rate 5.350%
(iv) Certificates Accrual Basis 30/360
(H) Servicing Fee Rate 1.00%
(I) Portfolio SumOcty
(i) Weighted Average Coupon (WAC) 7.03%
(ii) Weighted Average Original Maturity (WAOM) 53.38 months
(iii) Weighted Average Remaining Maturity (WAM) 47.86 months
(iv) Number of Receivables 58,899
(J) Reserve Account
(i) Reserve Account Initial Deposit Percentage 0.75%
(ii) Reserve Account Initial Deposit $5,471,308.14
(iii) Specified Reserve Account Balance
(a) Percent of Original Securities Balance 0.75%
(b) Trigger Percent of Remaining Securities Balance 2.25%
(c) Remaining Securities Balance 100.00%
(K) Yield Supplement Account Deposit $11,124,729.26
II. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
(A) Total Portfolio Balance $297,852,221.24
(B) Total Securities Balance $297,852,221.24
(C) Cumulative Note and Certificate Pool Factor 0.4082921
(D) Class A-1 Notes
(i) Class A-1 Notes Balance $0.00
(ii) Class A-1 Notes Pool Factor 0.0000000
(iii) Class A-1 Notes Interest Carryover Shortfall $0.00
(iv) Class A-1 Notes Principal Carryover Shortfall $0.00
(E) Class A-2 Notes
(i) Class A-2 Notes Balance $0.00
(ii) Class A-2 Notes Pool Factor 0.0000000
(iii) Class A-2 Notes Interest Carryover Shortfall $0.00
(iv) Class A-2 Notes Principal Carryover Shortfall $0.00
(F) Class A-3 Notes
(i) Class A-3 Notes Balance $160,676,068.58
(ii) Class A-3 Notes Pool Factor 0.7724811
(iii) Class A-3 Notes Interest Carryover Shortfall $0.00
(iv) Class A-3 Notes Principal Carryover Shortfall $0.00
(G) Class A-4 Notes
(i) Class A-4 Notes Balance $110,608,000.00
(ii) Class A-4 Notes Pool Factor 1.0000000
(iii) Class A-4 Notes Interest Carryover Shortfall $0.00
(iv) Class A-4 Notes Principal Carryover Shortfall $0.00
(H) Certificates
(i) Certificates Balance $26,568,152.66
(ii) Certificates Pool Factor 0.7283785
(iii) Certificates Interest Carryover Shortfall $0.00
(iv) Certificates Principal Carryover Shortfall $0.00
(I) Servicing Fee
(i) Servicing Fee Shortfall $0.00
(J) End of Prior Month Account Balances
(i) Reserve Account $5,471,308.14
(ii) Yield Supplement Account $3,283,242.86
(iii) Payahead Account $1,303,621.54
(iv) Advances Outstanding $354,578.31
(K) Portfolio SumOcty as of End of Prior Month
(i) Weighted Average Coupon (WAC) 7.04%
(ii) Weighted Average Remaining Maturity (WAM) 28.50 months
(iii) Number of Receivables 39,578
(L) Note and Certificate Percentages
(i) Note Percentage 95.00% 0.00%
(ii) Certificate Percentage 5.00% 100.00%
III. MONTHLY INPUTS FROM THE MAINFRAME
(A) Precomputed Contracts Principal
(i) Scheduled Principal Collections $2,307,163.28
(ii) Prepayments in Full $785,580.12
(iii) Prepayments in Full due to Repurchases $0.00
(B) Precomputed Contracts Total Collections $3,429,375.98
(C) Precomputed Interest Receivables Interest (B-A((i)+(ii)+(iii))) $336,632.58
(D) Simple Interest Receivables Principal
(i) Principal Collections 11,779,605.43
(ii) Prepayments in Full $0.00
(iii) Repurchased Receivables Related to Principal $0.00
(E) Simple Interest Receivables Interest
(i) Simple Interest Collections $1,358,676.53
(F) Payment Advance for Precomputes
(i) Reimbursement of Previous Advances $119,564.45
(ii) Current Advance Amount $137,672.23
(G) Interest Advance for simple Interest - Net $0.00
(H) Payahead Account
(i) Payments Applied $255,514.85
(ii) Additional Payaheads $180,005.35
(I) Portfolio SumOcty as of End of Month
(i) Weighted Average Coupon (WAC) 7.05%
(ii) Weighted Average Remaining Maturity (WAM) 27.62 months
(iii) Remaining Number of Receivables 39,578
<S> <C> <C>
# Units Dollar Amount
(J) Delinquent Receivables
(i) 30-59 Days Delinquent 406 1.03% $3,920,806.00 1.39%
(ii) 60-89 Days Delinquent 89 0.22% $929,788.00 0.33%
(ii) 90 Days or More Delinquent 32 0.08% $331,644.00 0.12%
(K) Vehicles Repossessed During Collecti 23 0.06% $233,817.25 0.08%
(L) Total Accumulated Repossessed Vehicl 56 0.14% $623,189.44 0.22%
<S>
IV. INPUTS DERIVED FROM OTHER SOURCES <C>
(A) Collection Account Investment Income $0.00
(B) Reserve Account Investment Income $28,737.74
(C) Yield Supplement Account Investment Income $18,327.94
(D) Trust Fees Expense $0.00
(E) Aggregate Net Losses for Collection Period $171,029.09
(F) Liquidated Receivables Information
(i) Gross Principal Balance on Liquidated Receivables 366,189.85
(ii) Liquidation Proceeds 149,859.82
(ii) Recoveries from Prior Month Charge Offs 45,300.94
(G) Days in Accrual Period 30
(H) Deal age 23
</TABLE>
MONTHLY COLLECTIONS
<TABLE>
<CAPTION>
<S> <C>
V. INTEREST COLLECTIONS
(A) Total Interest Collections (III(C+E(i)+G) $1,713,416.89
VI. PRINCIPAL COLLECTIONS
(A) Principal Payments Received (III(A((i)+(ii))+(D(i)+(ii))) $14,872,348.83
(B) Liquidation Proceeds (IV(F(i))) 149,859.82
(C) Repurchased Loan Proceeds Related to Principal (III(A(iii)+D(iii))) 0.00
(D) Recoveries from Prior Month Charge Offs (IV(F(ii))) 45,300.94
(E) Total Principal Collections (A+B+C+D) $15,067,509.59
VII. TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(C)+VI(E)) $16,780,926.48
VIII. YIELD SUPPLEMENT DEPOSIT $193,677.06
IX. TOTAL AVAILABLE AMOUNT (VII+VIII) $16,974,603.54
</TABLE>
MONTHLY DISTRIBUTIONS
<TABLE>
<CAPTION>
<S> <C>
X. FEE DISTRIBUTIONS
(A) Servicing Fee
(i) Servicing Fee Due (I(H)/12)(II(B))+(II(H)(i)) $248,210.18
(ii) Servicing Fee Paid $248,210.18
(iii) Servicing Fee Shortfall $0.00
(B) Reserve Account Investment Income (IV(B)) $28,737.74
(C) Yield Supplement Account Investment Income (IV(C)) $18,327.94
(D) Trust Fees Expense (IV(D)) $0.00
XI. DISTRIBUTIONS TO NOTEHOLDERS
(A) Interest
(i) Class A-1 Notes
(a) Class A-1 Notes Interest Due $0.00
(b) Class A-1 Notes Interest Paid 0.00
(c) Class A-1 Notes Interest Shortfall $0.00
(ii) Class A-2 Notes
(a) Class A-2 Notes Interest Due $0.00
(b) Class A-2 Notes Interest Paid 0.00
(c) Class A-2 Notes Interest Shortfall $0.00
(iii) Class A-3 Notes
(a) Class A-3 Notes Interest Due $709,652.64
(b) Class A-3 Notes Interest Paid 709,652.64
(c) Class A-3 Notes Interest Shortfall $0.00
(iv) Class A-4 Notes
(a) Class A-4 Notes Interest Due $493,127.33
(b) Class A-4 Notes Interest Paid 493,127.33
(c) Class A-4 Notes Interest Shortfall $0.00
(v) Total Note Interest
(a) Total Note Interest Due $1,202,779.97
(b) Total Note Interest Paid 1,202,779.97
(c) Total Note Interest Shortfall $0.00
(d) Reserve Fund Withdrawn for Note Interest $0.00
Amount available for distributions after Fees & Interest (IX-(X(A)(ii)-(D))-XI(A)(v)(b)) $15,523,613.39
(B) Principal
(i) Noteholders' Principal Distribution Amounts $14,476,611.75
(ii) Class A-1 Notes Principal
(a) Class A-1 Notes Principal Due $0.00
(b) Class A-1 Notes Principal Paid 0.00
(c) Class A-1 Notes Principal Shortfall $0.00
(d) Reserve Fund drawn $0.00
(iii) Class A-2 Notes Principal
(a) Class A-2 Notes Principal Due $0.00
(b) Class A-2 Notes Principal Paid 0.00
(c) Class A-2 Notes Principal Shortfall $0.00
(d) Reserve Fund drawn $0.00
(iv) Class A-3 Notes Principal
(a) Class A-3 Notes Principal Due $14,476,611.75
(b) Class A-3 Notes Principal Paid 14,476,611.75
(c) Class A-3 Notes Principal Shortfall $0.00
(d) Reserve Fund drawn $0.00
(v) Class A-4 Notes Principal
(a) Class A-4 Notes Principal Due $0.00
(b) Class A-4 Notes Principal Paid 0.00
(c) Class A-4 Notes Principal Shortfall $0.00
(d) Reserve Fund drawn $0.00
(vi) Total Notes Principal
(a) Total Notes Principal Due $14,476,611.75
(b) Total Notes Principal Paid 14,476,611.75
(c) Total Notes Principal Shortfall $0.00
(d) Reserve Fund drawn $0.00
XII. RESERVE FUND DEPOSIT
Amount available for deposit into reserve fund $1,047,001.64
Amount deposited into reservc fund 0.00
Excess fund available to Cerificateholders 1,047,001.64
XIII. DISTRIBUTIONS TO CERTIFICATEHOLDERS
(A) Interest
(i) Certificates Interest Due $118,449.68
(ii) Certificates Monthly Interest Paid 118,449.68
(iii) Certificates Monthly Interest Shortfall $0.00
(B) Principal
(i) Certificates Principal Due $761,926.93
(ii) Certificates Principal Paid 761,926.93
(iii) Certificates Principal Shortfall $0.00
(C) Release to Seller $166,625.03
</TABLE>
DISTRIBUTIONS SUMMARY
<TABLE>
<CAPTION>
<S> <C>
(A) Total Collections $16,974,603.54
(B) Service Fee $248,210.18
(C) Class A1 Amount $0.00
(D) Class A2 Amount $0.00
(E) Class A3 Amount $15,186,264.38
(F) Class A4 Amount $493,127.33
(G) Amount of Deposit into Reserve Account $0.00
(H) Certificateholders $880,376.61
(I) Release to seller $166,625.03
(J) Total amount distributed $16,974,603.54
(K) Amount of Draw from Reserve Account $0.00
</TABLE>
PORTFOLIO AND SECURITY SUMMARY
<TABLE>
<CAPTION>
Beginning End
XIV. POOL BALANCES AND PORTFOLIO INFORMATION of Period of Period
<S> <C> <C>
(A) Balances and Principal Factors
(i) Aggregate Balance of Notes $271,284,068.58 $256,807,456.84
(ii) Note Pool Factor 0.4082921 0.3649380
(iii) Class A-1 Notes Balance 0.00 0.00
(iv) Class A-1 Notes Pool Factor 0.0000000 0.0000000
(v) Class A-2 Notes Balance 0.00 0.00
(vi) Class A-2 Notes Pool Factor 0.0000000 0.0000000
(vii) Class A-3 Notes Balance 160,676,068.58 146,199,456.84
(viii) Class A-3 Notes Pool Factor 0.7724811 0.7028820
(ix) Class A-4 Notes Balance 110,608,000.00 110,608,000.00
(x) Class A-4 Notes Pool Factor 0.7724811 1.0000000
(xi) Certificates Balance 26,568,152.66 25,806,225.72
(xii) Certificates Pool Factor 0.7283785 0.7074899
(xiii) Total Principal Balance of Notes and Certificates 297,852,221.24 282,613,682.56
(B) Portfolio Information
(i) Weighted Average Coupon (WAC) 7.04% 7.05%
(ii) Weighted Average Remaining Maturity (WAM) 28.50 months 27.62 months
(iii) Remaining Number of Receivables 39,578 39,578
(iv) Portfolio Receivable Balance $297,852,221.24 $282,613,682.56
(C) Outstanding Advance Amount $354,578.31 $372,686.09
(D) Outstanding Payahead Balance $1,303,621.54 $1,228,112.04
</TABLE>
SUMMARY OF ACCOUNTS
<TABLE>
<CAPTION>
XV. RECONCILIATION OF RESERVE ACCOUNT
<S> <C>
(A) Beginning Reserve Account Balance $5,471,308.14
(B) Draws 0.00
(i) Draw for Servicing Fee 0.00
(ii) Draw for Interest 0.00
(iii) Draw for Realized Losses 0.00
(C) Excess Interest Deposited into the Reserve Account 0.00
(D) Reserve Account Balance Prior to Release 5,471,308.14
(E) Reserve Account Required Amount 5,471,308.14
(F) Final Reserve Account Required Amount 5,471,308.14
(G) Excess Reserve Account Amount 0.00
(H) Ending Reserve Account Balance 5,471,308.14
XVI. RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT
(A) Beginning Yield Supplement Account Balance 3,283,242.86
(B) Investment Earnings 18,327.94
(C) Investment Earnings Withdraw 18,327.94
(D) Additional Yield Supplement Amounts 0.00
(E) Yield Supplement Deposit Amount 193,677.06
(F) Ending Yield Supplement Account Balance 3,089,565.80
<S> <C> <C> <C> <C>
XVII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
(A) Liquidated Contracts
(i) Liquidation Proceeds $149,859.82
(ii) Recoveries on Previously Liquidated Contracts 45,300.94
(B) Aggregate Net Losses for Collection Period 171,029.09
(C) Net Loss Rate for Collection Period (annualized) 0.71%
(D) Cumulative Net Losses for all Periods 2,906,087.13
# Units Dollar Amount
(E) Delinquent Receivables
(i) 30-59 Days Delinquent 406 1.03% $3,920,806.00 1.39%
(ii) 60-89 Days Delinquent 89 0.22% $929,788.00 0.33%
(ii) 90 Days or More Delinquent 32 0.08% $331,644.00 0.12%
# Units Dollar Amount
XVIII. REPOSSESSION ACTIVITY
(A) Vehicles Repossessed During Collecti 23 0.08% $233,817.25 0.08%
(B) Total Accumulated Repossessed Vehicl 56 0.00% $623,189.44 0.22%
</TABLE>
<TABLE>
<S> <C>
XIX. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE
(A) Ratio of Net Losses to the Pool Balance as of Each Collection Period
(i) Second Preceding Collection Period 0.11%
(ii) Preceding Collection Period 0.21%
(iii) Current Collection Period 0.71%
(iv) Three Month Average (Avg(i,ii,iii)) 0.34%
(B) Ratio of Balance of Contracts Delinquent 60 Days or More to the Outstanding Balance of Receivables.
(i) Second Preceding Collection Period 0.47%
(ii) Preceding Collection Period 0.46%
(iii) Current Collection Period 0.45%
(iv) Three Month Average (Avg(i,ii,iii)) 0.46%
(C) Loss and Delinquency Trigger Indicator Trigger was not hit.
</TABLE>
I hereby certify that the servicing report provided is true
and accurate to the best of my knowledge.
By:
/s/ John Weisickle
John Weisickle, Vice President / Finance
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