<PAGE>
EXHIBIT 20
AMERICAN HONDA FINANCE CORPORATION
Servicer's Certificate - Honda Auto Lease Trust 1999-A
Distribution Date of September 15, 2000 for the Collection Period of
August 1, 2000 through August 31, 2000
<TABLE>
<CAPTION>
<S> <C>
POOL DATA - ORIGINAL DEAL PARAMETERS
Aggregate Net Investment Value (ANIV) 3,300,158,606.28
Servicer Advance -
Servicer 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 DATE - CURRENT MONTH
Aggregate Net Investment Value 2,600,850,048.20
Number of Current Contracts 155,979
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Lease Rate 6.29%
Weighted Average Remaining Term 16.74
-------------------------------------------------------------------------------
RESERVE FUND:
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 or
iii are not satisfied) 6.50%
Specified Reserve Fund Amount (if Tests i, ii or
iii are not satisfied) 214,081,288.79
Beginning Balance 180,488,510.35
Net Investment Income Retained -
Deposit Amount 657,195.55
Withdrawal Amount 698,821.71
Excess Reserve Amount Released -
Ending Balance 180,446,884.19
Specified Reserve Fund Balance 181,145,705.90
Net Investment Income 1,003,243.85
Cumulative Withdrawal Amount 2,054,766.37
--------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------
CREDIT LOSSES: Vehicle
Count Amount
--------- ------
<S> <C> <C>
Contracts Charged-off During the Collection Period 187
Discounted Principal Balance 3,101,021.07
Net Liquidation Proceeds for the Collection Period (2,513,847.25)
Recoveries - Previously Charged-off Contracts 256,405.42
Aggregate Credit Losses for the Collection Period 330,768.40
Repossessions for the Collection Period 122
Cumulative Credit Losses for all Periods 5,464,479.84
RATIO OF NET CREDIT LOSSES TO THE AVERAGE ANIV BALANCE
FOR EACH COLLECTION PERIOD:
Second Preceding Collection Period 0.19%
First Preceding Collection Period 0.18%
Current Collection Period 0.15%
--------------------------------------------------------------------------------
TEST (i)(CHARGE-OFF RATE TEST)
Three Month Average 0.17%
Charge-off Rate Test
(Test satisfied if LESS THAN OR EQUAL TO 1.5%) Test Satisfied
--------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------
Discounted
Percent Accounts Percent Principal Balance
DELINQUENT CONTRACTS: ------- -------- ------- -----------------
<S> <C> <C> <C> <C>
31-60 Days Delinquent 0.70% 1,090 0.69% 18,024,452.84
61-90 Days Delinquent 0.19% 291 0.18% 4,689,789.60
Over 90 Days Delinquent 0.14% 213 0.14% 3,600,991.65
Total Delinquencies 1,594 26,315,234.09
<CAPTION>
RATIO OF NUMBER OF CONTRACTS DELINQUENT MORE
THAN 60 DAYS TO THE OUTSTANDING NUMBER OF
RECEIVABLES AS OF EACH COLLECTION PERIOD
(INCLUDES REPOSSESSIONS):
<S> <C>
Second Preceding Collection Period 0.21%
First Preceding Collection Period 0.27%
Current Collection Period 0.32%
-------------------------------------------------------------------------------
TEST (ii) (DELINQUENCY RATE TEST)
Three Month Average 0.27%
Delinquency Rate Test
(Test satisfied if LESS THAN OR EQUAL TO 1.5%) Test Satisfied
-------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------
RESIDUAL VALUE (GAIN) LOSS Vehicles
--------
<S> <C> <C>
Matured Lease Vehicle Inventory Sold 129 2,347,874.50
Net Liquidation Proceeds (2,234,826.17)
Net Residual Value (Gain) Loss 113,048.33
Cumulative Residual Value (Gain) Loss
all periods 390,249.70
<CAPTION>
Average Average
Number Scheduled Sale Net Liquidation Residual
Sold Maturities Ratio Proceeds Value
------ ---------- ----- --------------- --------
<S> <C> <C> <C> <C> <C>
MATURED VEHICLES SOLD FOR
EACH COLLECTION PERIOD:
Second Preceding
Collection Period 118 153 77.12% 17,666.39 18,159.26
First Preceding
Collection Period 141 133 100% 17,374.35 18,368.43
Current Collection Period 129 127 100% 17,324.23 18,200.58
Three Month Average 17,454.99 18,242.76
-----------
Ratio of Three Month Average Net
Liquidation Proceeds to
Average Residual Value 95.68%
<CAPTION>
-----------------------------------------------------------------------------------------
CURRENT PERIOD
TEST (iii)(RESIDUAL VALUE TEST) AMOUNT/RATIO TEST MET?
------------------------------- --------------- --------------
<S> <C> <C>
a) Number of Vehicles Sold greater than 45% of
Scheduled Maturities and greater than or
equal to 500 Scheduled Maturities 100% Yes
b) 3 Month Average Matured Leased Vehicle Proceeds
less than 75% of Average Residual Values 95.68% Yes
Residual Value Test (Test satisfied if tests
a and b = Yes) Test Satisfied
-----------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------
SERVICER'S FEE DUE: Amount
-------------
<S> <C>
Prior Cumulative Servicer's Fee Shortfall -
Servicer's Fee Due This Collection Period 2,212,089.39
Servicer's Fee Paid 2,212,089.39
Current Cumulative Servicer's Fee Shortfall -
-----------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------
ADVANCES AND PAYAHEADS: Amount
------------
<S> <C>
ADVANCES
Prior Outstanding Servicer Advances 1,195,082.46
Net Advance/(Recovery) This Period 149,124.16
Nonrecoverable Prior Advances (173,199.84)
Current Outstanding Servicer Advances 1,171,006.78
PAYAHEAD ACCOUNT
Prior Outstanding Payahead Balance 8,394,176.83
Net Allocation/(Collections) of Advanced Payments
This Period (22,362.45)
Current Outstanding Payahead Balance 8,416,539.28
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Securities Class A1 Class A2
Total Balance (99.8%) Balance Balance
------------- --------------- ------------- -------------
<S> <C> <C> <C> <C>
COLLECTIONS:
INTEREST
Scheduled Interest Collections 19,268,925.46 19,230,387.61
Interest Related To Prepayments in Full 332,355.79 331,691.08
Interest Related To Full Term and Over Term Payoffs 3,968.14 3,960.20
Interest Related To Reallocation Payments 2,416.87 2,412.04
Excess Liquidation Proceeds - -
Recoveries 256,405.42 255,892.61
Available Interest 19,864,071.68 19,824,343.54
PRINCIPAL
Scheduled Principal Collections 28,967,145.74 28,909,211.45
Prepayments in Full 15,810,296.23 15,778,675.64
Full Term and Over Term Payoffs 3,147,273.13 3,140,978.58
Reallocation Payment 283,609.47 283,042.25
Net Liquidation Proceeds 4,748,673.42 4,739,176.07
Available Principal 52,956,997.99 52,851,083.99
WITHDRAWAL FROM RESERVE FUND 698,821.71 698,821.171
TOTAL OF SOURCES FOR DISTRIBUTION 73,519,891.38
DISTRIBUTIONS:
INTEREST
Transferor Interest 35,303.96
Capped Trustee Fees - -
Class A Interest 12,392,892.14 12,392,892.14 - 512,433.81
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 2,212,089.39 2,207,665.21
Unpaid Servicer's Fees Related to Prior Collection Periods - -
Reserve Fund Deposit 657,195.55 657,195.55
Certificate Interest 1,201,051.93 1,201,051.93
Certificate Interest Carryover Shortfall 2,620,288.70 2,620,288.70
Excess Interest to Transferor -
TOTAL DISTRIBUTIONS OF INTEREST 19,864,071.68 19,824,343.54 - 512,433.81
PRINCIPAL
Transferor Principal 105,914.00
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 52,851,083.99 52,851,083.99 - 52,851,083.99
Principal Distribution to A-5, B and C Notes - -
Principal Distribution to Certificates - -
Class A Covered Loss Amount 698,821.71 698,821.71 - 698,821.71
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)
TOTAL DISTRIBUTIONS OF PRINCIPAL 53,655,819.70 53,549,905.70 - 53,549,905.70
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance 7,297,378.28 - -
Current Period Increase (Decrease) (2,578,328.78) - -
Ending Balance 4,719,049.50 - -
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance 5,874,770.25 5,861,706.32 - -
Current Period Increase (Decrease) 35,180.37 33,704.81 - -
Ending Balance 5,909,950.62 5,895,411.13 - -
<CAPTION>
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 Liquidation Proceeds
Recoveries
Available Interest
PRINCIPAL
Scheduled Principal Collections
Prepayments in Full
Full Term and Over Term Payoffs
Reallocation Payment
Net Liquidation Proceeds
Available Principal
WITHDRAWAL 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
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
Principal 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
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)
TOTAL DISTRIBUTIONS OF PRINCIPAL - - - -
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance - - - -
Current Period Increase (Decrease) - - - -
Ending Balance - - - -
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance - - - -
Current Period Increase (Decrease) - - - -
Ending Balance - - - -
<CAPTION>
Class C Certificate Transferor Interest
Balance Balance Balance
------------- ------------- -------------------
<S> <C> <C> <C>
COLLECTIONS:
INTEREST
Scheduled Interest Collections 38,537.85
Interest Related To Prepayments in Full 664.71
Interest Related To Full Term and Over Term Payoffs 7.94
Interest Related To Reallocation Payments 4.83
Excess Liquidation Proceeds -
Recoveries 512.81
Available Interest 39,728.14
PRINCIPAL
Scheduled Principal Collections 57,934.29
Prepayments in Full 31,620.59
Full Term and Over Term Payoffs 6,294.55
Reallocation Payment 567.22
Net Liquidation Proceeds 9,497.35
Available Principal 105,914.00
WITHDRAWAL FROM RESERVE FUND
TOTAL OF SOURCES FOR DISTRIBUTION
DISTRIBUTIONS:
INTEREST
Transferor Interest 35,303.96
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 4,424.18
Unpaid Servicer's Fees Related to Prior Collection Periods -
Reserve Fund Deposit
Certificate Interest 1,201,051.93
Certificate Interest Carryover Shortfall 2,620.288.70
Excess Interest to Transferor -
TOTAL DISTRIBUTIONS OF INTEREST 379,500.00 3,821,340.64 39,728.14
PRINCIPAL
Transferor Principal 105,914.00
Principal 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 -
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)
TOTAL DISTRIBUTIONS OF PRINCIPAL - - 105,914.00
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance - 7,297,378.28
Current Period Increase (Decrease) - (2,578,328.78)
Ending Balance - 4,719,049.50
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance - 5,861,706.32 13,063.93
Current Period Increase (Decrease) - 33,704.81 1,475.56
Ending Balance - 5,895,411.13 14,539.49
</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 19,864,071.68 19,824,343.54 - 512,433.81
Principal Distributions 53,655,819.70 53,549,905.70 - 53,549,905.70
Total Distributions 73,519,891.38 73,374,249.24 - 54,062,339.51
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
Servicing Fee Percentage 1.00%
POOL DATA PRIOR MONTH
---------------------
Aggregate Net Investment Value (ANIV) 2,654,507,268.34
Note/Certificate Balance 2,649,169,562.32 - 101,290,965.23
Percent of ANIV 99.80% 0.00% 3.82%
Class Allocation Percentage 0.00% 4.39%
Note/Certificate Factor 0.00 0.28
Servicer Advance 1,195,082.46
Servicer Payahead 8,394,176.83
Number of Contracts 157,494
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 17.70
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31
POOL DATA CURRENT MONTH
-----------------------
Aggregate Net Investment Value (ANIV) 2,600,850,048.20
Note/Certificate Balance 2,595,619,656.62 - 47,741,059.53
Percent of ANIV 99.80% 0.00% 1.84%
Class Allocation Percentage 0.00% 2.12%
Note/Certificate Factor 0.00 0.13
Servicer Advance 1,171,006.78
Servicer Payahead 8,416,539.28
Number of Contracts 155,979
Weighted Average Lease Rate 6.29%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 16.74
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31
<CAPTION>
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
Servicing 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 15.07% 37.67% 30.40% 2.49%
Class Allocation Percentage 17.33% 43.32% 34.96% 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 30 30 30 30
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 15.38% 38.45% 31.03% 2.54%
Class Allocation Percentage 17.74% 44.35% 35.79% 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 30 30 30 30
<CAPTION>
Class C Certificate Transferor Interest
Balance Balance Balance
------------- -------------- -------------------
<S> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 379,500.00 3,821,340.64 39,728.14
Principal Distributions - - 105,914.00
Total Distributions 379,500.00 3,821,340.64 145,642.14
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
Servicing Fee Percentage
POOL DATA PRIOR MONTH
---------------------
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 66,000,000.00 208,878,597.09 5,337,706.02
Percent of ANIV 2.49% 7.87% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 0.97
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 30 30
POOL DATA CURRENT MONTH
-----------------------
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 66,000,000.00 208,878,597.09 5,230,391.58
Percent of ANIV 2.54% 8.03% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 0.97
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 30 30
</TABLE>
I hereby certify to the best of my knowledge that
the report provided is true and correct.
/s/ John Weisickle
--------------------------------------
John Weisickle, Vice President Finance
