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Previous: HELLER FUNDING CORP, 8-K, 2000-08-29 |
Next: BERINGER WINE ESTATES HOLDINGS INC, SC TO-C, 2000-08-29 |
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Collections and Distribution
Collection Period July 2, 2000 to August 1, 2000
Determination Date August 9, 2000
Distribution Date August 14, 2000
<TABLE>
<S> <C>
Available Amounts
-----------------
Scheduled Payments plus Payaheads, net of Excluded Amounts 8,730,673.19
Prepayment Amounts 349,566.15
Recoveries 177,335.42
Investment Earnings on Collection Account and Reserve Fund 33,354.30
Late Charges 9,215.88
Servicer Advances 0.00
Total Available Amounts 9,300,144.94
----------------------- ------------
Payments on Distribution Date
-----------------------------
Trustee Fees (only applicable pursuant to an Event of Default) 0.00
Unreimbursed Servicer Advances to the Servicer 0.00
Monthly Servicing Fee, if Heller Financial, Inc. is not the Servicer 0.00
Interest due to Class A-1 Notes 0.00
Interest due to Class A-2 Notes 6,415.86
Interest due to Class A-3 Notes 620,095.82
Interest due to Class A-4 Notes 146,800.09
Interest due to Class B Notes 33,768.78
Interest due to Class C Notes 35,739.39
Interest due to Class D Notes 29,539.11
Class A-1 Principal Payment Amount 0.00
Class A-2 Principal Payment Amount 1,463,694.81
Class A-3 Principal Payment Amount 6,125,148.99
Class A-4 Principal Payment Amount 0.00
Class B Principal Payment Amount 314,322.16
Class C Principal Payment Amount 524,619.93
Class D Principal Payment Amount 0.00
Additional Principal to Class A-2 Notes 0.00
Additional Principal to Class A-3 Notes 0.00
Additional Principal to Class A-4 Notes 0.00
Additional Principal to Class B Notes 0.00
Additional Principal to Class C Notes 0.00
Additional Principal to Class D Notes 0.00
Monthly Servicing Fee, if Heller Financial, Inc. is the Servicer 0.00
Deposit to the Reserve Fund 0.00
Excess to Certificateholder 0.00
Total distributions to Noteholders and Certificateholders 9,300,144.94
--------------------------------------------------------- ------------
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
-----------------------------------------------
Heller Financial, Inc.
Monthly Report - Schedules
<TABLE>
<S> <C>
Trustee Fees, in Event of Default only
--------------------------------------
Trustee fees due on Distribution Date 0.00
Unreimbursed Servicer Advances
------------------------------
Unreimbursed Servicer Advances 0.00
Monthly Servicing Fee Schedule, if Servicing has been transferred
-----------------------------------------------------------------
(i) Servicing Fee Percentage 0.40%
(ii) ADCB of Contract Pool as of the 1st day of the Collection Period 184,812,759.05
(iii) Servicing Fee ( ( (i) / 12 ) x (ii) ) 0.00
(iv) Servicing Fee accrued but not paid in prior periods 0.00
Total Servicing Fee due and accrued ( (iii) + (iv) ) 0.00
Servicing Fee carried forward 0.00
Monthly Servicing Fee distributed 0.00
Class A-1 Interest Schedule
---------------------------
Opening Class A-1 principal balance 0.00
Class A-1 Interest Rate 4.94795%
Number of days in Accrual Period 32
Current Class A-1 interest due 0.00
Class A-1 interest accrued but not paid in prior periods 0.00
Total Class A-1 interest due 0.00
Class A-1 interest carried forward 0.00
Class A-1 interest distribution 0.00
Class A-2 Interest Schedule
---------------------------
Opening Class A-2 principal balance 1,463,694.81
Class A-2 Interest Rate 5.26%
Current Class A-2 interest due 6,415.86
Class A-2 interest accrued but not paid in prior periods 0.00
Total Class A-2 interest due 6,415.86
Class A-2 interest carried forward 0.00
Class A-2 interest distribution 6,415.86
Class A-3 Interest Schedule
---------------------------
Opening Class A-3 principal balance 135,293,633.00
Class A-3 Interest Rate 5.50%
Current Class A-3 interest due 620,095.82
Class A-3 interest accrued but not paid in prior periods 0.00
Total Class A-3 interest due 620,095.82
Class A-3 interest carried forward 0.00
Class A-3 interest distribution 620,095.82
Class A-4 Interest Schedule
---------------------------
Opening Class A-4 principal balance 31,345,216.00
Class A-4 interest Rate 5.62%
Current Class A-4 interest due 146,800.09
Class A-4 interest accrued but not paid in prior periods 0.00
Total Class A-4 interest due 146,800.09
Class A-4 interest carried forward 0.00
Class A-4 interest distribution 146,800.09
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
Class B Interest Schedule
-------------------------
Opening Class B principal balance 6,962,635.88
Class B Interest Rate 5.82%
Current Class B interest due 33,768.78
Class B interest accrued but not paid in prior periods 0.00
Total Class B interest due 33,768.78
Class B interest carried forward 0.00
Class B interest distribution 33,768.78
Class C Interest Schedule
-------------------------
Opening Class C principal balance 6,638,895.31
Class C Interest Rate 6.46%
Current Class C interest due 35,739.39
Class C interest accrued but not paid in prior periods 0.00
Total Class C interest due 35,739.39
Class C interest carried forward 0.00
Class C interest distribution
35,739.39
Class D Interest Schedule
-------------------------
Opening Class D principal balance 3,865,532.00
Class D Interest Rate 9.17%
Current Class D interest due 29,539.11
Class D interest accrued but not paid in prior periods 0.00
Total Class D interest due 29,539.11
Class D interest carried forward 0.00
Class D interest distribution 29,539.11
Class A-1 Principal Schedule
----------------------------
Class A-1 Maturity Date May 15, 2000
(i) Opening Class A-1 principal balance 0.00
(ii) Aggregate outstanding principal of Notes plus Overcollateralization Balance 185,569,607.00
(iii) ADCB as of last day of the Collection Period 176,469,547.05
(iv) Monthly Principal Amount ( (ii) - (iii) ) 9,100,059.95
Class A-1 Principal Payment Amount due (lesser of (i) or (iv)) 0.00
Class A-1 Principal Payment Amount distribution 0.00
Class A-1 Principal Balance after current distribution 0.00
Class A Principal Payment Amount
--------------------------------
(i) Aggregate opening Class A-2, A-3 and A-4 Outstanding Principal Amount 168,102,543.81
(ii) Class A Target Investor Principal Amount (90.9583% * ending ADCB) 160,513,700.01
Class A Principal Payment Amount 7,588,843.80
Funds available for distribution 7,588,843.80
Class A-2 Principal Schedule
----------------------------
Opening Class A-2 principal balance 1,463,694.81
Class A-2 Principal Payment Amount distribution 1,463,694.81
Class A-2 principal balance after current distribution -
Class A-3 Principal Schedule
----------------------------
Opening Class A-3 principal balance 135,293,633.00
Class A-3 Principal Payment Amount distribution 6,125,148.99
Class A-3 principal balance after current distribution 129,168,484.01
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Class A-4 Principal Schedule
----------------------------
<S> <C>
Opening Class A-4 principal balance 31,345,216.00
Class A-4 Principal Payment Amount distribution 0.00
Class A-4 principal balance after current distribution 31,345,216.00
Class B Principal Schedule
--------------------------
Opening Class B principal balance 6,962,635.88
Class B Target Investor Principal Amount (3.7674% * ending ADCB) 6,648,313.72
Class B Floor (2,557,689.13)
Class B Principal Payment Amount due 314,322.16
Class B Principal Payment Amount distribution 314,322.16
Class B principal balance after current distribution 6,648,313.72
Class C Principal Schedule
--------------------------
Opening Class C principal balance 6,638,895.31
Class C Target Investor Principal Amount (3.0139% * ending ADCB) 5,318,615.68
Class C Floor 1,104,746.24
Class C Principal Payment Amount due 1,320,279.63
Class C Principal Payment Amount distribution 524,619.93
Class C principal balance after current distribution 6,114,275.38
Class D Principal Schedule
--------------------------
Opening Class D principal balance 3,865,532.00
Class D Target Investor Principal Amount (1.5070% * ending ADCB) 2,659,396.07
Class D Floor 2,573,648.17
Class D Principal Payment Amount due 1,206,135.93
Class D Principal Payment Amount distribution 0.00
Class D principal balance after current distribution
3,865,532.00
Additional Principal Schedule
-----------------------------
Floors applicable (Yes/No) No
Monthly Principal Amount 9,100,059.95
Sum of Principal Payments payable on all classes 10,429,581.52
Additional Principal payable 0.00
Additional Principal available, if payable 0.00
Class A-2 Additional Principal allocation 0.00
Class A-2 principal balance after current distribution -
Class A-3 Additional Principal allocation 0.00
Class A-3 principal balance after current distribution 129,168,484.01
Class A-4 Additional Principal allocation 0.00
Class A-4 principal balance after current distribution 31,345,216.00
Class B Additional Principal allocation 0.00
Class B principal balance after current distribution 6,648,313.72
Class C Additional Principal allocation 0.00
Class C principal balance after current distribution 6,114,275.38
Class D Additional Principal allocation 0.00
Class D principal balance after current distribution 3,865,532.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Monthly Servicing Fee Schedule, if Heller Financial, Inc. is the Servicer
<S> <C>
(i) Servicing Fee Percentage 0.40%
(ii) ADCB of Contract Pool as of the 1st day of the Collection Period 184,812,759.05
(iii) Servicing Fee due ( ( (i) / 12 ) * (ii) ) 61,604.25
(iv) Servicing Fee accrued but not paid in prior periods 959,086.19
Total Servicing Fee due and accrued ( (iii) + (iv) ) 1,020,690.44
Servicing Fee carried forward 1,020,690.44
Monthly Servicing Fee distributed 0.00
Reserve Fund Schedule
---------------------
ADCB as of the end of the Collection Period 176,469,547.05
Required Reserve Amount (ending ADCB * 0.70%) 1,235,286.83
Prior month Reserve Fund balance 1,065,261.71
Deposit to Reserve Fund - excess funds 0.00
Interim Reserve Fund Balance 1,065,261.71
Current period draw on Reserve Fund for Reserve Interest Payments 0.00
Current period draw on Reserve Fund for Reserve Principal Payments 0.00
Excess to Certificateholder 0.00
Ending Reserve Fund balance 1,065,261.71
Reserve Fund balance as a percentage of ADCB as of the end of the Collection Period 0.60%
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Note Factors
<TABLE>
<S> <C>
Class A-1
---------
Class A-1 principal balance 0.00
Initial Class A-1 principal balance 130,040,761.00
Note factor 0.000000000
Class A-2
---------
Class A-2 principal balance 0.00
Initial Class A-2 principal balance 66,680,434.00
Note factor 0.000000000
Class A-3
---------
Class A-3 principal balance 129,168,484.01
Initial Class A-3 principal balance 135,293,633.00
Note factor 0.954726997
Class A-4
---------
Class A-4 principal balance 31,345,216.00
Initial Class A-4 principal balance 31,345,216.00
Note factor 1.000000000
Class B
-------
Class B principal 6,648,313.72
balance
initial Class B principal balance 9,663,831.00
Note factor 0.687958401
Class C
-------
Class C principal balance 6,114,275.38
Initial Class C principal balance 7,731,065.00
Note factor 0.790871035
Class D
-------
Class D principal balance 3,865,532.00
Initial Class D principal balance 3,865,532.00
Note factor 1.000000000
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
================================================================================
Heller Financial, Inc.
Monthly Report - Additional Schedules and Limitations
<TABLE>
<S> <C>
Cumulative Loss Amount Schedule
-------------------------------
(i) Outstanding Principal Amount of the Notes as of the preceding Distribution Date 185,569,607.00
(ii) Overcollateralization Balance as of the preceding Distribution Date (756,847.95)
(iii) Monthly Principal Amount 9,100,059.95
(iv) Available Amounts remaining after the payment of interest 8,427,785.89
(v) ADCB as of the end of the Collection Period 176,469,547.05
Cumulative Loss Amount 0.00
Class B Floor Calculation
-------------------------
Class B Floor percentage 1.86%
Initial ADCB 386,553,237.98
Cumulative Loss Amount for current period 0.00
Sum of Outstanding Principal Amount of Class C Notes,
Class D Notes and Overcollateralization Balance 9,747,579.36
Class B Floor (2,557,689.13)
Class C Floor Calculation
-------------------------
Class C Floor percentage 1.09%
Initial ADCB 386,553,237.98
Cumulative Loss Amount for current period 0.00
Sum of Outstanding Principal Amount of Class D Notes and 3,108,684.05
Overcollateralization Balance
Class C Floor 1,104,746.24
Class D Floor Calculation
-------------------------
Class D Floor percentage 0.47%
Initial ADCB 386,553,237.98
Cumulative Loss Amount for current period 0.00
Overcollateralization Balance (756,847.95)
Class D Floor 2,573,648.17
Heller Financial, Inc. is the Servicer (Yes/No) Yes
An Event of Default has occurred (Yes/No) No
10% Substitution Limit Calculation
----------------------------------
ADCB as of the Cut-off Date: 386,553,237.98
Cumulative DCB of Substitute Contracts replacing materially modified
contracts 5,404,027.98
Percentage of Substitute Contracts replacing materially modified contracts 1.40%
Percentage of Substitute Contracts replacing modified contracts exceeds No
10% (Yes/No)
5% Skipped Payment Limit Calculation
------------------------------------
The percent of contracts with Skipped Payment modifications 0.08%
The DCB of Skipped Payment modifications exceeds 5% of the initial ADCB
(Yes/No) No
Any Skipped Payments have been deferred later than January 1, 2006 No
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Pool Data
<TABLE>
<CAPTION>
Pool Data
---------
<S> <C>
ADCB as of the first day of the Collection Period 184,812,759.05
ADCB as of the last day of the Collection Period 176,469,547.05
DCB as of the first day of the Collection Period of Contracts that became Defaulted Contracts 195,400.67
Number of Contracts that became Defaulted Contracts during the period 4
Defaulted Contracts as a percentage of ADCB (annualized) 1.33%
DCB of Contracts as of the last day of the Collection Period that became Prepaid Contracts 306,378.15
Number of Prepaid Contracts as of the last day of the Collection Period 5
DCB of Contracts as of the last day of the Collection Period that were added as Substitute Contracts 0.00
Number of Substitute Contracts as of the last day of the Collection Period 0
DCB of Contracts as of the last day of the Collection Period that became Warranty Contracts 0.00
Number of Warranty Contracts as of the last day of the Collection Period 0
Recoveries collected relating to Defaulted Contracts as of the last day of the Collection Period 177,335.42
Cumulative Servicer Advances paid by the Servicer 14,060,316.30
Cumulative reimbursed Servicer Advances 14,060,316.30
</TABLE>
<TABLE>
<CAPTION>
Delinquencies and Losses Dollars Percent
------------------------ ------- --------
<S> <C> <C>
Current 165,411,263.97 93.73%
31-60 days past due 5,969,517.12 3.38%
61-90 days past due 3,578,469.25 2.03%
Over 90 days past due 1,510,296.71 0.86%
--------------- --------
Total 176,469,547.05 100.00%
31+ days past due 11,058,283.08 6.27%
</TABLE>
<TABLE>
<S> <C>
(i) Cumulative ADCB of Defaulted Contracts (cumulative gross losses to date) 5,446,843.48
(ii) Cumulative Recoveries realized on Defaulted Contracts 1,352,252.24
Cumulative net losses to date ( (i)- (ii) ) 4,094,591.24
Cumulative net losses as a percentage of the initial ADCB 1.06%
</TABLE>
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