<PAGE>
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):
October 15, 1999
HONDA AUTO LEASE TRUST 1999-A
(Exact name of registrant specified in its charter)
DELAWARE 333-72303 33-0846301
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation of
organization)
HONDA TITLING C L.P.
HONDA TITLING D L.P.
700 VAN NESS AVENUE
TORRANCE, CA 90501
- ------------------------------------------------- -------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 781-6146
6148
<PAGE>
Item 5. Other Events
On October 15, 1999, the Principal and Interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
1999-A Securitization Trust Agreement dated as of July 1, 1999 (the
"Agreement"), between Honda Titling C L.P. and Honda Titling D L.P., as
Transferors, and U.S. Bank National Association, as Owner Trustee, Wilmington
Trust Company, as Delaware Owner Trustee, and Bank of New York, as Indenture
Trustee, (together the "Trustees") were distributed to holders of Notes
("Noteholders") and certificates ("Certificateholders") representing special
units of beneficial interest ("SUBI'S") in the Honda Auto Lease Trust 1999-A
Auto Lease Asset-Backed Notes and Certificates. In accordance with the
Agreement, the Servicer's Certificate, as defined in the Agreement, was
furnished to the Indenture Trustees for distribution to the Noteholders and
Certificateholders, and as such, was distributed by the Indenture Trustees to
the Noteholders and Certificateholders. A copy of the Servicer's Certificate is
being filed as Exhibit 20 to this Current Report on Form 8-k.
Item 7 (c). Exhibits 20
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 hereunto duly authorized.
Honda Auto Lease Trust 1999-A
By: American Honda Finance Corporation, as Servicer
By:
/s/ John I. Weisickle
John I. Weisickle, Vice President, Finance
<PAGE>
AMERIACAN HONDA FINANCE CORPORATION
Services' Certificate - Honda Auto Lease Trust 1999-A
Distribution Date of Ocober 15, 1999 for the Collection Period of
September 1 through September 30, 1999
<TABLE>
<CAPTION>
POOL DATA - ORIGINAL DEAL PARAMETERS
<S> <C>
Aggregate Net Investment Value (ANIV) 3,300,158,606.28
Servicer Advance -
Sevicer Payahead 7,383,934.30
Number of Contracts 172,598
Weighted Average Lease Rate (Discounted) 9.05%
Weighted Average Lease Rate 6.29%
Weighted Average Remaining Term 30.48
Servicing Fee Percentage (annual) 1.00%
POOL DATA - CURRENT MONTH
Aggregate Net Investment Value 3,181,695,894.85
Number of Current Contracts 170,936
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Lease Rate 6.29%
Weighted Average Remaining Term 27.51
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
RESERVE FUND:
<S> <C>
Initial Deposit Amount 115,274,540.12
Specified Reserve Fund Percentage (If Tests i, ii, and iii are satisfied) 5.50%
Specified Reserve Fund Amount (If Tests i, ii, and iii are satisfied) 181,145,705.90
Specified Reserve Fund Percentage (If Tests i, ii, and iii are not satisfied) 6.50%
Specified Reserve Fund Amount (If Tests i, ii, and iii are not satisfied) 214,081,288.79
BEGINNING BALANCE 130,627,139.05
Net Investment Income Retained 552,527.23
Excess Reserve Amount Released -
Deposit Amount 5,121,504.54
Withdrawal Amount -
Ending Balance 136,301,170.82
Specified Reserve Fund Balance 181,145,705.90
Net Investment Income 552,527.23
Cumulative Withdrawal Amount -
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
CREDIT LOSSES: VEHICLE COUNT AMOUNT
------------- ------
<S> <C> <C>
Contracts Charged-off During the Collection Period 130
Discounted Principal Balance 2,321,743.05
Net Liquidation Proceeds for the Collection Period (2,123,586.18)
Recoveries - Previously Charged-off Contracts -
Aggregate Credit Losses for the Collection Period 198,156.87
Repossessions for the Collection Period 84
Cumulative Credit Losses for all Periods 196,597.19
RATIO OF NET CREDIT LOSSES TO THE AVERAGE ANIV BALANCE
FOR EACH COLLECTION PERIOD:
Second Preceding Collection Period 0.00%
First Preceding Collection Period 0.00%
Current Collection Period 0.07%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
TEST (i)(CHARGE-OFF RATE TEST)
<S> <C>
Three Month Average 0.02%
Charge-off Rate Test (Test satisfied if < = 1.5%) Test Satisfied
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
DISCOUNTED
DELINQUENT CONTRACTS: PERCENT ACCOUNTS PERCENT PRINCIPAL BALANCE
------- -------- ------- -----------------
<S> <C> <C> <C> <C>
31-60 Days Delinquent 0.54% 923 0.53% 16,862,322.91
61-90 Days Delinquent 0.08% 144 0.09% 2,730,329.00
Over 90 Days Delinquent 0.04% 65 0.04% 1,221,475.35
Total Delinquent 1,132 20,814,127.26
RATIO OF NUMBER OF CONTRACTS DELINQUENT MORE THAN 60 DAYS TO THE OUTSTANDING
NUMBER OF RECEIVABLES AS OF EACH COLLECTION PERIOD (INCLUDES REPOSSESSIONS):
Second Preceding Collection Period 0.00%
First Preceding Collection Period 0.09%
Current Collection Period 0.12%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
TEST (ii) (DELINQUENCY RATE TEST)
Three Month Average 0.07%
Delinquency Rate Test (Test satisfied if < = 1.5%) Test Satisfied
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
RESIDENTIAL VALUE (GAIN) LOSS: VEHICLES
--------
<S> <C> <C> <C> <C> <C>
Matured Lease Vehicle Inventory Sold 0
Net Liquidation Proceeds -
Net Residual Value (Gain) Loss -
Cumulative Residual Value (Gain) Loss all periods -
(1,038,.76)
AVERAGE AVERAGE
NUMBER SCHEDULED SALE NET LIQUIDATION RESIDUAL
MATURED VEHICLES SOLD FOR SOLD MATURITIES RATIO PROCEEDS VALUE
EACH COLLECTION PERIOD: ------ ---------- ----- --------------- --------
Second Preceding Collection Period 0 0 0.00% - -
First Preceding Collection Period 3 3 100.00% 12,077.57 11,731.32
Current Collection Period 0 2 0.00% - -
Three Month Average 4,025.86 3,910.44
---------
Ratio of Three Month Average Net Liquidation Proceeds to Average Residential Value 102.95%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
CURRENT PERIOD
TEST (iii) (RESIDUAL VALUE TEST) AMOUNT/RATIO TEST MET?
-------------- ---------
<S> <C> <C>
a) Number of Vehicles Sold > 45% of Scheduled Maturities and > = 500 Scheduled Maturities 0.00% Yes
b) 3 Month Average Matured Leased Vehicle Proceeds < 75% of Average Residual Values 102.95% Yes
Residual Value Test (Test satisfied if tests a and b = Yes) Test Satisfied
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
SERVICER'S FEE DUE: AMOUNT
------
<S> <C>
Prior Cumulative Servicer's Fee Shortfall -
Servicer's Fee Due This Collection Period 2,685,375.30
Servicer's Fee Paid 2,685,375.30
Current Cumulative Servicer's Fee Shortfall -
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
ADVANCE AND PAYHEADS: AMOUNT
------
<S> <C>
Advances
Prior Outstanding Servicer Advances 480,953.13
Net Advance (Recovery) This Period 314,017.74
Nonrecoverable Prior Advances (45,022.43)
Current Outstanding Servicer Advances 749,948.44
Payhead Account
Prior Outstanding Payahead Balance 8,062,490.34
Net Allocation (Collections) of Advanced Payments This Period 356,002.43
Current Outstanding Payahead Balance 7,706,487.91
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Securities Class A1 Class A2
Total Balance(99.8%) Balance Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
COLLECTIONS:
Interest 23,275,283.48 23,228,732.89
Scheduled Interest Collections
Interest Related to Prepayments in Full 333,002.26 332,336.26
Interest Related to Full Term and Over Term Payoffs 381.30 380.54
Interest Related to Reallocation Payments 623.00 621.75
Excess Liquidations Proceeds - -
Available Interest 23,609,290.02 23,562,071.44
Principal
Scheduled Principal Collections 29,388,248.50 29,329,472.00
Prepayments in Full 8,626,989.06 8,609,735.08
Full Term and Over Term Payoffs 83,453.96 83,287.05
Reallocation Payment 334,026.41 333,358.36
Net Liquidation Proceeds 2,123,586.18 2,119,339.01
Recoveries - -
Available Principal 40,556,304.11 40,475,191.50
Withdrawl from Reserve Fund -
Total of Sources for Distribution 64,165,594.13
DISTRIBUTIONS:
Interest
Transferor Interest 41,847.83
Capped Trustee Fees -
Class A Interest 15,015,312.35 15,015,312.35 1,372,345.02 1,762,500.00
CLass A Interest Carryover Shortfalls - - - -
Class B Interest 365,750.00 365,750.00
Class B Interest Carryover Shortfalls - -
Class C Interest 379,500.00 379,500.00
Class C Interest Carryover Shortfalls - -
Capped Contingent and Excess Liability Premiums - -
Capped Origination Trust Administrative Expenses - -
Other Capped Trustee Fees - -
Servicer's Fee 2,685,375.30 2,680,004.55
Unpaid Servicer's Fees Related to Prior Collection Periods - -
Reserve Fund Deposit 5,121,504.54 5,121,504.54
Certificate Interest - -
Certificate Interest Carryover Shortfall - -
Class A Covered Loss Amount - - - -
Class A Note Principal Loss Amount/Class A Note Principal
Carryover Shortfall - - - -
Class B Covered and Uncovered Loss Amount - -
Class C Covered and Uncovered Loss Amount - -
Class B Note Principal Loss Carryover Shortfall - -
Class C Note Principal Loss Carryover Shortfall - -
Class B Note Interest on Principal Loss Carryover Shortfall - -
Class C Note Interest on Principal Loss Carryover Shortfall - -
Certificate Principal Loss Amount/Certificate Principal
Carryover Shortfall - -
Uncapped Administrative Expenses (paid to the Trustees) - -
Excess Interest to Transferor -
Total Distributions of Interest 23,609,290.02 23,562,071.44 1,372,354.02 1,762,500.00
Principal
Transferor Principal 81,112.61
Prinicpal Distribution to A-1, A-2, A-3 and A-4 Notes 40,475,191.50 40,475,191.50 40,475,191.50
Principal Distribution to A-5, B and C Notes - -
Principal Distribution to Certificates - -
Total Distributions of Principal 40,556,304.11 40,475,191.50 40,475,191.50
Notes/Certificate Interest Carryover Shortfalls
Beginning Balance 1,891,688.91 - -
Current Period Increase (Decrease) 1,244,587.37 - -
Ending Balance 3,136,276.28 -
Notes/Certificate Principal Loss Amount
Beginning Balance - - - -
Current Period Increase (Decrease) 198,156.87 197,760.56 - -
Ending Balance 198,156.87 197,760.56 - -
- -----------------------------------------------------------------------------------------------------------------------------------
Class A3 Class A4 Class A5 Class B
Balance Balance Balance Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
COLLECTIONS:
Interest
Scheduled Interest Collections
Interest Related to Prepayments in Full
Interest Related to Full Term and Over Term Payoffs
Interest Related to Reallocation Payments
Excess Liquidations Proceeds
Available Interest
Principal
Scheduled Principal Collections
Prepayments in Full
Full Term and Over Term Payoffs
Reallocation Payment
Net Liquidation Proceeds
Recoveries
Available Principal
Withdrawl from Reserve Fund
Total of Sources for Distribution
DISTRIBUTIONS:
Interest
Transferor Interest
Capped Trustee Fees
Class A Interest 2,033,333.33 5,375,000.00 4,472,125.00
Class A Interest Carryover Shortfalls - - - -
Class B Interest 365,750.00
Class B Interest Carryover Shortfalls -
Class C Interest
Class C Interest Carryover Shortfalls
Capped Contingent and Excess Liability Premiums
Capped Origination Trust Administrative Expenses
Other Capped Trustee Fees
Servicer's Fee
Unpaid Servicer's Fees Related to Prior Collection Periods
Reserve Fund Deposit
Certificate Interest
Certificate Interest Carryover Shortfall
Class A Covered Loss Amount - - - -
Class A Note Principal Loss Amount/Class A Note Principal - - - -
Carryover Shortfall
Class B Covered and Uncovered Loss Amount -
Class C Covered and Uncovered Loss Amount
Class B Note Principal Loss Carryover Shortfall -
Class C Note Principal Loss Carryover Shortfall
Class B Note Interest on Principal Loss Carryover Shortfall -
Class C Note Interest on Principal Loss Carryover Shortfall
Certificate Principal Loss Amount/Certificate Principal
Carryover Shortfall
Uncapped Administrative Expenses (paid to the Trustees)
Excess Interest to Transferor
Total Distributions of Interest 2,033,333.33 5,375,000.00 4,472,125.00 365,750.00
Principal
Transferor Principal
Prinicpal Distribution to A-1, A-2, A-3 and A-4 Notes
Principal Distribution to A-5, B and C Notes - - - -
Principal Distribution to Certificates
Total Distributions of Principal - - - -
Notes/Certificate Interest Carryover Shortfalls
Beginning Balance - - - -
Current Period Increase (Decrease) - - - -
Ending Balance - - - -
Notes/Certificate Principal Loss Amount
Beginning Balance - - - -
Current Period Increase (Decrease) - - - -
Ending Balance - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Class C Certificate Transferer Interest
Balance Balance Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
COLLECTIONS:
Interest
Scheduled Interest Collections 46,550.57
Interest Related to Prepayments in Full 666.00
Interest Related to Full Term and Over Term Payoffs 0.76
Interest Related to Reallocation Payments 1.25
Excess Liquidations Proceeds -
Available Interest 47,218.58
Principal
Scheduled Principal Collections 58,776.50
Prepayments in Full 17,253.98
Full Term and Over Term Payoffs 166.91
Reallocation Payment 668.05
Net Liquidation Proceeds 4,247.17
Recoveries -
Available Principal 81,112.61
Withdrawl from Reserve Fund
Total of Sources for Distribution
DISTRIBUTIONS:
Interest
Transferor Interest 41,847.83
Capped Trustee Fees
Class A Interest
Class A Interest Carryover Shortfalls
Class B Interest
Class B Interest Carryover Shortfalls
Class C Interest 379,500.00
Class C Interest Carryover Shortfalls -
Capped Contingent and Excess Liability Premiums
Capped Origination Trust Administrative Expenses
Other Capped Trustee Fees
Servicer's Fee 5,370.75
Unpaid Servicer's Fees Related to Prior Collection Periods -
Reserve Fund Deposit
Certificate Interest -
Certificate Interest Carryover Shortfall -
Class A Covered Loss Amount
Class A Note Principal Loss Amount/Class A Note Principal
Carryover Shortfall
Class B Covered and Uncovered Loss Amount
Class C Covered and Uncovered Loss Amount -
Class B Note Principal Loss Carryover Shortfall
Class C Note Principal Loss Carryover Shortfall -
Class B Note Interest on Principal Loss Carryover Shortfall
Class C Note Interest on Principal Loss Carryover Shortfall -
Certificate Principal Loss Amount/Certificate Principal
Carryover Shortfall -
Uncapped Administrative Expenses (paid to the Trustees)
Excess Interest to Transferor 379,500.00 -
Total Distributions of Interest 47,218.58
Principal
Transferor Principal 81,112.61
Prinicpal Distribution to A-1, A-2, A-3 and A-4 Notes
Principal Distribution to A-5, B and C Notes -
Principal Distribution to Certificates -
Total Distributions of Principal - - 81,112.61
Notes/Certificate Interest Carryover Shortfalls
Beginning Balance - 1,891,688.91
Current Period Increase (Decrease) - 1,244,587.37
Ending Balance - 3,136,276.28
Notes/Certificate Principal Loss Amount
Beginning Balance - -
Current Period Increase (Decrease) - 197,760.56 396.31
Ending Balance - 197,760.56 396.31
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SECURITIES CLASS A1 CLASS A2
TOTAL BALANCE (99.8%) BALANCE BALANCE
<S> <C> <C> <C> <C>
Total Distributions to Noteholders
and Certificateholders:
Interest Distributions 23,609,290.02 23,562,071.44 1,372,354.02 1,762,500.00
Principal Distributions 40,556,304.11 40,475,191.50 40,475,191.50 --
Total Distributions 64,165,594.13 64,037,262.94 41,847,545.52 1,765,500.00
ORIGINAL DEAL PARAMETER
Aggregate Net Investment
Value (ANIV) 3,300,158,606.28
Initial Note/Certificate
Balance 3,293,558,289.00 380,000,000.00 360,000,000.00
Percent of ANIV 99.80% 11.51% 10.91%
Class Allocation Percentage 12.89% 12.22%
Note/Certificate Factor 1.00 1.00
Note/Certificate Rate 5.445% 5.875%
Servicer Advance
Servicer Payahead 7,383,934.30
Number of Contracts 172,598
Weighted Average Lease Rate 6.29%
Weighted Average
Lease Rate (Discounted) 9.05%
Weighted Average Remaining Term 30.48
Service Fee Percentage 1.00%
POOL DATA PRIOR MONTH
Aggregate Net Investment
Value (ANIV) 3,222,450,355.83
Note/Certificate Balance 3,216,005,455.05 302,447,166.05 360,000,000.00
Percent of ANIV 99.80% 9.39% 11.17%
Class Allocation Percentage 10.54% 12.55%
Note/Certificate Factor .80 1.00
Servicer Advance 480,953.13
Servicer Payahead 8,062,490.34
Number of Contracts 171,548
Weighted Average Lease Rate 6.29%
Weighted Average
Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 28.50
Servicing Fee Percentage 1.00%
Number of Days in the
Accrual Period 48 48
POOL DATA CURRENT MONTH
Aggregate Net Investment
Value (ANIV) 3,181,695,894.85
Note/Certificate Balance 3,175,332,502.99 261,971,974.55 360,000,000.00
Percent of ANIV 99.80% 8.23% 11.31%
Class Allocation Percentage 9.26% 12.73%
Note/Certificate Factor 0.69 1.00
Servicer Advance 749,948.44
Servicer Payahead 7,706,487.91
Number of Contracts 170,936
Weighted Average Lease Rate 6.29%
Weighted Average
Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 27.51
Servicing Fee Percentage 1.00%
Number of Days in the
Accrual Period 30 30
CLASS A3 CLASS A4 CLASS A5 CLASS B
BALANCE BALANCE BALANCE BALANCE
<S> <C> <C> <C> <C>
Total Distributions to Noteholders
and Certificateholders:
Interest Distributions 2,033,333.33 5,375,000.00 4,472,125.00 365,750.00
Principal Distributions -- -- -- --
Total Distributions 2,033,333.33 5,375,000.00 4,472,125.00 365,750.00
ORIGINAL DEAL PARAMETER
Aggregate Net Investment
Value (ANIV)
Initial Note/Certificate
Balance 400,000,000.00 1,000,000,000.00 807,000,000.00 66,000,000.00
Percent of ANIV 12.12% 30.30% 24.45% 2.00%
Class Allocation Percentage 13.57% 33.93% 27.38% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00
Note/Certificate Rate 6.100% 6.450% 6.650% 6.650%
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average
Lease Rate (Discounted)
Weighted Average Remaining Term
Service Fee Percentage
POOL DATA PRIOR MONTH
Aggregate Net Investment
Value (ANIV)
Note/Certificate Balance 400,000,000.00 1,000,000,000.00 807,000,000.00 66,000,000.00
Percent of ANIV 12.41% 31.03% 25.04% 2.05%
Class Allocation Percentage 13.94% 34.85% 28.12% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average
Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
Number of Days in the
Accrual Period 46 46 46 46
POOL DATA CURRENT MONTH
Aggregate Net Investment
Value (ANIV)
Note/Certificate Balance 400,000,000.00 1,000,000,000.00 807,000,000.00 66,000,000.00
Percent of ANIV 12.57% 31.43% 25.36% 2.07%
Class Allocation Percentage 14.14% 35.35% 28.53% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average
Lease Rate (Discounted)
Servicing Fee Percentage
Number of Days in the
Accrual Period 30 30 30 30
Class C Certificate Transfer Interest
Balance Balance Balance
<S> <C> <C> <C>
Total Distributions to Noteholders
and Certificateholders:
Interest Distributions 379,500.00 -- 47,218.58
Principal Distributions -- -- 81,112.61
Total Distributions 379,500.00 -- 128,331.19
ORIGINAL DEAL PARAMETER
Aggregate Net Investment
Value (ANIV)
Initial Note/Certificate
Balance 66,000,000.00 214,558,289.00 6,600,317.28
Percent of ANIV 2.00% 6.50% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 1.00
Note/Certificate Rate 6.900% 6.900%
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average
Lease Rate (Discounted)
Weighted Average Remaining Term
Service Fee Percentage
POOL DATA PRIOR MONTH
Aggregate Net Investment
Value (ANIV)
Note/Certificate Balance 66,000,000.00 214,558,289.00 6,444,900.78
Percent of ANIV 2.05% 6.66% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 1.00
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average
Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
Number of Days in the
Accrual Period 46 46
POOL DATA CURRENT MONTH
Aggregate Net Investment
Value (ANIV)
Note/Certificate Balance 66,000,000.00 214,360,528.44 6,363,391.86
Percent of ANIV 2.07% 6.74% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 1.00
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average
Lease Rate (Discounted)
Servicing Fee Percentage
Number of Days in the
Accrual Period 30 30
</TABLE>
I hereby certify to the best of my knowledge that the report provided is true
and correct
/s/ John I. Weisickle
- ------------------------------------
John I. Weisickle, Vice President, Finance
