|
|
|
|
|
|
|
|
|
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Collections and Distribution
14-Jun-00
<TABLE>
<S> <C> <C> <C>
Collection Period May 2, 2000 to June 1, 2000
Determination Date June 9, 2000
Distribution Date June 14, 2000
</TABLE>
<TABLE>
<S> <C>
Available Amounts
-----------------
Scheduled Payments plus Payaheads, net of Excluded Amounts 9,590,684.33
Prepayment Amounts 2,667,865.49
Recoveries 53,752.50
Investment Earnings on Collection Account and Reserve Fund 34,535.63
Late Charges 5,312.86
Servicer Advances 0.00
Total Available Amounts 12,352,150.81
----------------------- -------------
Payments on Distribution Date
-----------------------------
(A)** Trustee Fees (only applicable pursuant to an Event of Default) 0.00
(A) Unreimbursed Servicer Advances to the Servicer 0.00
(B) Monthly Servicing Fee, if Heller Financial, Inc. is not the Servicer 0.00
(C) Interest due to Class A-1 Notes 224,747.01
(D) Interest due to Class A-2 Notes 419,782.58
(E) Interest due to Class A-3 Notes 584,443.67
(F) Interest due to Class A-4 Notes 380,594.75
(G) Interest due to Class B Notes 22,432.24
(H) Interest due to Class C Notes 22,888.71
(I) Interest due to Class D Notes 38,656.49
(J) Interest due to Class E Notes 24,858.05
(K) Class A-1 Principal Payment Amount 10,633,747.31
(L) Class A-2 Principal Payment Amount 0.00
(M) Class A-3 Principal Payment Amount 0.00
(N) Class A-4 Principal Payment Amount 0.00
(O) Class B Principal Payment Amount 0.00
(P) Class C Principal Payment Amount 0.00
(Q) Class D Principal Payment Amount 0.00
(R) Class E Principal Payment Amount 0.00
(S) Additional Principal to Class A-1 Notes 0.00
(T) Additional Principal to Class A-2 Notes 0.00
(U) Additional Principal to Class A-3 Notes 0.00
(V) Additional Principal to Class A-4 Notes 0.00
(W) Additional Principal to Class B Notes 0.00
(X) Additional Principal to Class C Notes 0.00
(Y) Additional Principal to Class D Notes 0.00
(Z) Additional Principal to Class E Notes 0.00
(AA) Monthly Servicing Fee, if Heller Financial, Inc. is the Servicer 0.00
(AB) Deposit to the Reserve Fund 0.00
(AC) Excess to Certificateholder 0.00
Total distributions to Noteholders and Certificateholders 12,352,150.81
--------------------------------------------------------- -------------
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
--------------------------------------------------------------------------------
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 313,007,988.19
(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 44,002,970.90
Class A-1 Interest Rate 6.12905%
Number of days in Accrual Period 30
Current Class A-1 interest due 224,747.01
Class A-1 interest accrued but not paid in prior periods 0.00
Total Class A-1 interest due 224,747.01
Class A-1 interest carried forward 0.00
Class A-1 interest distribution 224,747.01
Class A-2 Interest Schedule
---------------------------
Opening Class A-2 principal balance 77,498,323.00
Class A-2 Interest Rate 6.50000%
Current Class A-2 interest due 419,782.58
Class A-2 interest accrued but not paid in prior periods 0.00
Total Class A-2 interest due 419,782.58
Class A-2 interest carried forward 0.00
Class A-2 interest distribution 419,782.58
Class A-3 Interest Schedule
---------------------------
Opening Class A-3 principal balance 105,463,520.00
Class A-3 Interest Rate 6.65000%
Current Class A-3 interest due 584,443.67
Class A-3 interest accrued but not paid in prior periods 0.00
Total Class A-3 interest due 584,443.67
Class A-3 interest carried forward 0.00
Class A-3 interest distribution 584,443.67
Class A-4 Interest Schedule
---------------------------
Opening Class A-4 principal balance 67,262,695.00
Class A-4 Interest Rate 6.79000%
Current Class A-4 interest due 380,594.75
Class A-4 interest accrued but not paid in prior periods -
Total Class A-4 interest due 380,594.75
Class A-4 interest carried forward -
Class A-4 interest distribution 380,594.75
Class B Interest Schedule
-------------------------
Opening Class B principal balance 3,912,600.21
Class B Interest Rate 6.88000%
Current Class B interest due 22,432.24
Class B interest accrued but not paid in prior periods -
Total Class B interest due 22,432.24
Class B interest carried forward -
Class B interest distribution 22,432.24
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Class C Interest Schedule
-------------------------
Opening Class C principal balance 3,912,600.21
Class C Interest Rate 7.02000%
Current Class C interest due 22,888.71
Class C interest accrued but not paid in prior periods -
Total Class C interest due 22,888.71
Class C interest carried forward -
Class C interest distribution 22,888.71
Class D Interest Schedule
-------------------------
Opening Class D principal balance 6,260,160.16
Class D Interest Rate 7.41000%
Current Class D interest due 38,656.49
Class D interest accrued but not paid in prior periods 0.00
Total Class D interest due 38,656.49
Class D interest carried forward 0.00
Class D interest distribution 38,656.49
Class E Interest Schedule
-------------------------
Opening Class E principal balance 3,130,079.65
Class E Interest Rate 9.53000%
Current Class E interest due 24,858.05
Class E interest accrued but not paid in prior periods 0.00
Total Class E interest due 24,858.05
Class E interest carried forward 0.00
Class E interest distribution 24,858.05
Class A-1 Principal Schedule
-----------------------------
Class A-1 Maturity Date January 6, 2001
(i) Opening Class A-1 principal balance 44,002,970.90
(ii) Aggregate outstanding principal of Notes plus Overcollateralization Balance 313,007,988.19
(iii) ADCB as of last day of the Collection Period 300,591,226.89
Monthly Principal Amount ( (ii) - (iii) ) 12,416,761.30
(iv) Class A-1 Principal Payment Amount 11,671,755.62
Class A-1 Principal Payment Amount due (lesser of (i) or (iv)) 11,671,755.62
Class A-1 Principal Payment Amount distribution 10,633,747.31
Principal carryforward Class A-1 1,038,008.31
Class A-1 Principal Balance after current distribution 33,369,223.59
Class A Principal Payment Amount
--------------------------------
(i) Aggregate opening Class A-1, A-2, A-3 and A-4 Outstanding Principal Amount 294,227,508.90
(ii) Class A Target Investor Principal Amount (94.0% * ending ADCB) 282,555,753.28
Class A Principal Payment Amount 11,671,755.62
Funds available for distribution after Class A-1 distribution 0.00
Class A-2 Principal Schedule
----------------------------
Opening Class A-2 principal balance 77,498,323.00
Class A-2 Principal Payment Amount 0.00
Class A-2 Principal Payment Amount distribution 0.00
Principal carryforward Class A-2 0.00
Class A-2 principal balance after current distribution 77,498,323.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Class A-3 Principal Schedule
----------------------------
Opening Class A-3 principal balance 105,463,520.00
Class A-3 Principal Payment Amount 0.00
Class A-3 Principal Payment Amount distribution 0.00
Principal carryforward Class A-3 0.00
Class A-3 principal balance after current distribution 105,463,520.00
Class A-4 Principal Schedule
----------------------------
Opening Class A-4 principal balance 67,262,695.00
Class A-4 Principal Payment Amount 0.00
Class A-4 Principal Payment Amount distribution 0.00
Principal carryforward Class A-4 0.00
Class A-4 principal balance after current distribution 67,262,695.00
Class B Principal Schedule
--------------------------
Opening Class B principal balance 3,912,600.21
Class B Target Investor Principal Amount (1.25% * ending ADCB) 3,757,390.68
Class B Floor (6,285,483.94)
Class B Principal Payment Amount due 155,209.53
Class B Principal Payment Amount distribution 0.00
Principal carryforward Class B 155,209.53
Class B principal balance after current distribution 3,912,600.21
Class C Principal Schedule
--------------------------
Opening Class C principal balance 3,912,600.21
Class C Target Investor Principal Amount (1.25% * ending ADCB) 3,757,390.68
Class C Floor (3,789,421.47)
Class C Principal Payment Amount due 155,209.53
Class C Principal Payment Amount distribution 0.00
Principal carryforward Class C 155,209.53
Class C principal balance after current distribution 3,912,600.21
Class D Principal Schedule
--------------------------
Opening Class D principal balance 6,260,160.16
Class D Target Investor Principal Amount (2.00% * ending ADCB) 6,011,824.92
Class D Floor 1,054,200.95
Class D Principal Payment Amount due 248,335.24
Class D Principal Payment Amount distribution 0.00
Principal carryforward Class D 248,335.24
Class D principal balance after current distribution 6,260,160.16
Class E Principal Schedule
--------------------------
Opening Class E principal balance 3,130,079.65
Class E Target Investor Principal Amount (1.00% * ending ADCB) 3,005,912.05
Class E Floor 1,917,820.22
Class E Principal Payment Amount due 124,167.60
Class E Principal Payment Amount distribution 0.00
Principal carryforward Class E 124,167.60
Class E principal balance after current distribution 3,130,079.65
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Additional Principal Schedule
-----------------------------
<S> <C>
Floors applicable (Yes/No) No
Monthly Principal Amount 12,416,761.30
Sum of Principal Payments payable on all classes 12,354,677.52
Additional Principal payable 0.00
Additional Principal available, if payable 0.00
Class A-1 Additional Principal allocation 0.00
Class A-1 principal balance after current distribution 33,369,223.59
Class A-2 Additional Principal allocation 0.00
Class A-2 principal balance after current distribution 77,498,323.00
Class A-3 Additional Principal allocation 0.00
Class A-3 principal balance after current distribution 105,463,520.00
Class A-4 Additional Principal allocation 0.00
Class A-4 principal balance after current distribution 67,262,695.00
Class B Additional Principal allocation 0.00
Class B principal balance after current distribution 3,912,600.21
Class C Additional Principal allocation 0.00
Class C principal balance after current distribution 3,912,600.21
Class D Additional Principal allocation 0.00
Class D principal balance after current distribution 6,260,160.16
Class E Additional Principal allocation 0.00
Class E principal balance after current distribution 3,130,079.65
Monthly Servicing Fee Schedule, if Heller Financial, Inc. is the Servicer
-------------------------------------------------------------------------
(i) Servicing Fee Percentage 0.40%
(ii) ADCB of Contract Pool as of the 1st day of the Collection Period 313,007,988.19
(iii) Servicing Fee due ( ( (i) / 12 ) * (ii) ) 104,336.00
(iv) Servicing Fee accrued but not paid in prior periods 0.00
Total Servicing Fee due and accrued ( (iii) + (iv) ) 104,336.00
Servicing Fee carried forward 104,336.00
Monthly Servicing Fee distributed 0.00
Reserve Fund Schedule
---------------------
Initial ADCB 365,558,126.61
10% of Initial ADCB 36,555,812.66
Outstanding Principal Amount of the Notes as of the preceding Distribution Date 311,442,949.13
ADCB as of the end of the Collection Period 300,591,226.89
Required Reserve Amount (beginning of the period aggregate note balances * 0.70%) 2,180,100.64
Prior month Reserve Fund balance 912,601.83
Deposit to Reserve Fund - excess funds 0.00
Interim Reserve Fund Balance 912,601.83
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 912,601.83
Reserve Fund balance as a percentage of aggregate note balances as of the first
day of the Collection Period 0.29%
Investment Earnings on Reserve Account 13,196.54
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Note Factors
<TABLE>
<S> <C>
Class A-1
---------
Class A-1 principal balance 33,369,223.59
Initial Class A-1 principal balance 93,400,101.00
Note factor 0.357271815
Class A-2
---------
Class A-2 principal balance 77,498,323.00
Initial Class A-2 principal balance 77,498,323.00
Note factor 1.000000000
Class A-3
---------
Class A-3 principal balance 105,463,520.00
Initial Class A-3 principal balance 105,463,520.00
Note factor 1.000000000
Class A-4
---------
Class A-4 principal balance 67,262,695.00
Initial Class A-4 principal balance 67,262,695.00
Note factor 1.000000000
Class B
---------
Class B principal balance 3,912,600.21
Initial Class B principal balance 4,569,477.00
Note factor 0.856246833
Class C
---------
Class C principal balance 3,912,600.21
Initial Class C principal balance 4,569,477.00
Note factor 0.856246833
Class D
---------
Class D principal balance 6,260,160.16
Initial Class D principal balance 7,311,163.00
Note factor 0.856246832
Class E
---------
Class E principal balance 3,130,079.65
Initial Class E principal balance 3,655,581.00
Note factor 0.856246832
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
--------------------------------------------------------------------------------
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 311,442,949.13
(ii) Overcollateralization Balance as of the preceding Distribution Date 1,565,039.06
(iii) Monthly Principal Amount 12,416,761.30
(iv) Available Amounts remaining after the payment of interest 10,633,747.31
(v) ADCB as of the end of the Collection Period 300,591,226.89
Cumulative Loss Amount 1,783,013.99
Class B Floor Calculation
-------------------------
Class B Floor percentage 1.8600%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 1,783,013.99
Sum of Outstanding Principal Amount of Class C Notes, Class D Notes, Class E Notes and
Overcollaterialization Balance 14,867,879.08
Class B Floor (6,285,483.94)
Class C Floor Calculation
-------------------------
Class C Floor percentage 1.4725%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 1,783,013.99
Sum of Outstanding Principal Amount of Class D Notes, Class E Notes and
Overcollateralization Balance 10,955,278.87
Class C Floor (3,789,421.47)
Class D Floor Calculation
-------------------------
Class D Floor percentage 1.0850%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 1,783,013.99
Sum of Outstanding Principal Amount of Class E Notes and Overcollateralization Balance 4,695,118.71
Class D Floor 1,054,200.95
Class E Floor Calculation
-------------------------
Class E Floor percentage 0.4650%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 1,783,013.99
Overcollateralization Balance 1,565,039.06
Class E Floor 1,917,820.22
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: 365,558,126.61
Cumulative DCB of Substitute Contracts replacing materially modified contracts 0
Percentage of Substitute Contracts replacing materially modified contracts 0
Percentage of Substitute Contracts replacing modified contracts exceeds 10% (Yes/No) No
5% Skipped Payment Limit Calculation
------------------------------------
The percent of contracts with Skipped Payment modifications 0
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 N/A
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Pool Data
<TABLE>
<CAPTION>
Pool Data
---------
<S> <C>
ADCB as of the first day of the Collection Period 313,007,988.19
Principal collections (7,640,957.10)
Prepayment Amounts (2,652,140.51)
Defaulted Contracts (2,009,536.11)
Change in payaheads (114,127.58)
Other items including Substitutions and Repurchases 0.00
ADCB as of the last day of the Collection Period 300,591,226.89
DCB as of the first day of the Collection Period of Contracts that became Defaulted Contracts 2,009,536.11
Number of Contracts that became Defaulted Contracts during the period 3
Defaulted Contracts as a percentage of ADCB (annualized) 8.02%
DCB of Contracts as of the last day of the Collection Period that became Prepaid Contracts 2,652,140.51
Number of Prepaid Contracts as of the last day of the Collection Period 1
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 53,752.50
Cumulative Servicer Advances paid by the Servicer 9,653,729.92
Cumulative reimbursed Servicer Advances 9,653,729.92
</TABLE>
<TABLE>
<CAPTION>
Delinquencies and Losses Dollars Percent
------------------------ ------- -------
<S> <C> <C>
Current 277,299,919.84 92.25%
31-60 days past due 15,658,036.30 5.21%
61-90 days past due 3,992,135.46 1.33%
Over 90 days past due 3,641,135.29 1.21%
Total 300,591,226.89 100.00%
31+ days past due 23,291,307.05 7.75%
</TABLE>
<TABLE>
<S> <C>
(i) Cumulative ADCB of Defaulted Contracts (cumulative gross losses to date) 2,240,600.05
(ii) Cumulative Recoveries realized on Defaulted Contracts 53,752.50
Cumulative net losses to date ( (i) - (ii) ) 2,186,847.55
Cumulative net losses as a percentage of the initial ADCB 0.60%
</TABLE>
|
|