<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):
January 15, 2000
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 January 15, 2000, 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>
EXHIBIT 20
AMERICAN HONDA FINANCE CORPORATION
Servicer's Certificate - Honda Auto Lease Trust 1999-A
Distribution Date of January 15, 2000 for the Collection Period of
December 1, 1999 through December 31, 1999
<TABLE>
<CAPTION>
POOL DATA - ORIGINAL DEAL PARAMETERS
- ------------------------------------
<S> <C>
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 DATA - CURRENT MONTH
- -------------------------
Aggregate Net Investment Value 2,984,801,992.63
Number of Current Contracts 164,926
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Lease Rate 6.28%
Weighted Average Remaining Term 24.51%
- -------------------------------------------------------------------------------------------------------------------------
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 147,229,516.45
Net Investment Income Retained 769,677.07
Excess Reserve Amount Released --
Deposit Amount 5,448,457.39
Withdrawal Amount --
Ending Balance 153,447,650.91
Specified Reserve Fund Balance 181,145,705.90
Net Investment Income 769,677.07
Cumulative Withdrawal Amount --
- -------------------------------------------------------------------------------------------------------------------------
CREDIT LOSSES: VEHICLE COUNT AMOUNT
Contracts Charged-off During the Collection Period 168
Discounted Principal Balance 3,009,172.40
Net Liquidation Proceeds for the Collection Period (2,331,313.51)
Recoveries - Previously Charged-off Contracts --
Aggregate Credit Losses for the Collection Period 677,858.89
Repossessions for the Collection Period 104
Cumulative Credit Losses for all Periods 1,916,673.84
Ratio of Net Credit Losses to the Average ANIV Balance
for Each Collection Period:
Second Preceding Collection Period 0.13%
First Preceding Collection Period 0.28%
Correct Collection Period 0.27%
- -------------------------------------------------------------------------------------------------------------------------
TEST (i)(CHARGE-OFF RATE TEST)
Three Month Average 0.23%
Charge-off Rate Test (Test satisfied if less than or equal to 1.5%) Test Satisfied
- -------------------------------------------------------------------------------------------------------------------------
DISCOUNTED
DELINQUENT CONTRACTS: PERCENT ACCOUNTS PERCENT PRINCIPAL BALANCE
31-60 Days Delinquent 0.81% 1,330 0.80% 23,810,233.13
61-90 Days Delinquent 0.12% 192 0.12% 3,454,728.47
Over 90 Days Delinquent 0.10% 167 0.10% 3,107,613.46
Total Delinquencies 1,689 30,372,575.06
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 0.16%
First Preceding Collection Period 0.19%
Current Collection Period 0.22%
- -------------------------------------------------------------------------------------------------------------------------
TEST (ii)(DELINQUENCY RATE TEST)
Three Month Average 0.19%
Delinquency Rate Test (Test satisfied if less than or equal to 1.5%) Test Satisfied
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
RESIDUAL VALUE (GAIN) LOSS: VEHICLES
Matured Lease Vehicle Inventory Sold 5 85,819.64
Net Liquidation Proceeds (78,507.00)
Net Residual Value (Gain) Loss 7,312.64
Cumulative Residual Value (Gain) Loss all periods 5,325.14
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 1 0.00% -- --
First Preceding Collection Period 1 4 25.00% 15,255.89 14,307.15
Current Collection Period 5 9 55.56% 15,701.40 17,163.93
Three Month Average 10,319.10 10,490.36
------------
Ratio of Three Month Average Net Liquidation Proceeds to Average Residual Value 98.37%
- -------------------------------------------------------------------------------------------------------------------------
CURRENT PERIOD
TEST (iii)(RESIDUAL VALUE TEST) AMOUNT/RATIO TEST MET?
(a) Number of Vehicles Sold greater than 45% of Scheduled Maturities
and greater than or equal to 500 Scheduled Maturities 55.56% Yes
(b) 3 Month Average Matured Leased Vehicle Proceeds less than 75% of
Average Residual Values 98.37% Yes
Residual Value Test (Test satisfied if tests a and b = Yes) Test Satisfied
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
SERVICER'S FEE DUE: AMOUNT
Prior Cumulative Servicer's Fee Shortfall --
Servicer's Fee Due This Collection Period 2,522,112.07
Servicer's Fee Paid 2,522,112.07
Current Cumulative Servicer's Fee Shortfall --
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
ADVANCES AND PAYAHEADS: AMOUNT
ADVANCES
Prior Outstanding Servicer Advances 1,004,124.27
Net Advance/(Recovery) This Period 303,695.69
Nonrecoverable Prior Advances (129,935.44)
Current Outstanding Servicer Advances 1,177,884.52
PAYAHEAD ACCOUNT
Prior Outstanding Payahead Balance 6,865,179.26
Net Allocation/(Collections) of Advanced Payments This Period (890,657.96)
Current Outstanding Payahead Balance 7,755,837.22
- -------------------------------------------------------------------------------------------------------------------------
</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 22,667,725.91 22,622,390.46
Interest Related To Prepayments in Full 297,824.31 297,228.66
Interest Related To Full Term and Over Term Payoffs -- --
Interest Related to Reallocation Payments -- --
Excess Liquidation Proceeds -- --
Available Interest 22,965,550.22 22,919,619.12
Principal
Scheduled Principal Collections 28,983,154.32 28,925,188.01
Prepayments in Full 9,355,567.68 9,336,856.54
Full Term and Over Term Payoffs 283,433.80 282,866.93
Reallocation Payment 15,344.78 15,314.09
Net Liquidation Proceeds 2,409,820.51 2,405,000.87
Recoveries -- --
Available Principal 41,047,321.09 40,965,226.45
Withdrawal from Reserve Fund --
Total of Sources for Distribution 64,012,871.31
DISTRIBUTIONS:
Interest
Transferor Interest 40,886.88
Capped Trustee Fees -- --
Class A Interest 14,208,843.88 14,208,843.88 507,135.55 1,821,250.00
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 2,522,112.07 2,517,067.85
Unpaid Servicer's Fees Related to Prior Collection Periods -- --
Reserve Fund Deposit 5,448,457.39 5,448,457.39
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 Trustee) -- --
Excess Interest to Transferor --
Total Distributions of Interest 22,965,550.22 22,919,619.12 507,135.55 1,821,250.00
Principal
Transferor Principal 82,094.64
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 40,965,226.45 40,965,226.45 40,965,226.45 --
Principal Distribution to A-5, B and C Notes -- --
Principal Distribution to Certificates -- --
Total Distributions of Principal 41,047,321.09 40,965,226.45 40,965,226.45 --
Note/Certificate Interest Carryover Shortfalls
Beginning Balance 5,642,720.62 -- --
Current Period Increase (Decrease) 1,259,043.36 -- --
Ending Balance 6,901,763.98 -- --
Note/Certificate Principal Loss Amount
Beginning Balance 1,243,675.08 1,241,187.73 -- --
Current Period Increase (Decrease) 692,322.66 690,938.02 -- --
Ending Balance 1,935,997.74 1,932,125.75 -- --
</TABLE>
<TABLE>
<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
Available Interest
Principal
Scheduled Principal Collections
Prepayments in Full
Full Term and Over Term Payoffs
Reallocation Payment
Net Liquidation Proceeds
Recoveries
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
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 Trustee)
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
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 -- -- -- --
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
CLASS C CERTIFICATE TRANSFEROR INTEREST
BALANCE BALANCE BALANCE
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
COLLECTIONS:
Interest
Scheduled Interest Collections 45,335.45
Interest Related To Prepayments in Full 596.65
Interest Related To Full Term and Over Term Payoffs --
Interest Related to Reallocation Payments --
Excess Liquidation Proceeds --
Available Interest 45,931.10
Principal
Scheduled Principal Collections 57,966.31
Prepayments in Full 18,711.14
Full Term and Over Term Payoffs 566.87
Reallocation Payment 30.69
Net Liquidation Proceeds 4,819.64
Recoveries --
Available Principal 82,094.64
Withdrawal from Reserve Fund
Total of Sources for Distribution
DISTRIBUTIONS:
Interest
Transferor Interest 40,886.88
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 5,044.22
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 Trustee)
Excess Interest to Transferor --
Total Distributions of Interest 379,500.00 -- 45,931.10
Principal
Transferor Principal 82,094.64
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 --
Total Distributions of Principal -- -- 82,094.64
Note/Certificate Interest Carryover Shortfalls
Beginning Balance -- 5,642,720.62
Current Period Increase (Decrease) -- 1,259,043.36
Ending Balance -- 6,901,763.98
Note/Certificate Principal Loss Amount
Beginning Balance -- 1,241,187.73 2,487.35
Current Period Increase (Decrease) -- 690,938.02 1,384.65
Ending Balance -- 1,932,125.75 3,872.00
</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 22,965,550.22 22,919,619.12 507,135.55 1,821,250.00
Principal Distributions 41,047,321.09 40,965,226.45 40,965,226.45 --
Total Distributions 64,012,871.31 63,884,845.57 41,472,362.00 1,821,250.00
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
Servicing Fee Percentage 1.00%
POOL DATA PRIOR MONTH
Aggregate Net Investment Value (ANIV) 3,026,534,485.25
Note/Certificate Balance 3,020,481,416.21 108,160,074.25 360,000,000.00
Percent of ANIV 99.80% 3.57% 11.89%
Class Allocation Percentage 4.04% 13.46%
Note/Certificate Factor 0.28% 1.00
Servicer Advance 1,004,124.27
Servicer Payahead 6,865,179.26
Number of Contracts 165,658
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 25.50
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 30 30
POOL DATA CURRENT MONTH
Aggregate Net Investment Value (ANIV) 2,984,801,992.63
Note/Certificate Balance 2,978,832,388.57 67,194,847.80 360,000,000.00
Percent of ANIV 99.80% 2.25% 12.06%
Class Allocation Percentage 2.55% 13.67%
Note/Certificate Factor 0.18 1.00
Servicer Advance 1,177,884.52
Servicer Payahead 7,755,837.22
Number of Contracts 164,926
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 24.51
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31
</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
<TABLE>
<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 13.22% 33.04% 26.66% 2.18%
Class Allocation Percentage 14.95% 37.38% 30.17% 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 13.40% 33.50% 27.04% 2.21%
Class Allocation Percentage 15.18% 37.96% 30.64% 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
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
CLASS C CERTIFICATE TRANSFEROR INTEREST
BALANCE BALANCE BALANCE
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 379,500.00 -- 45,931.10
Principal Distributions -- -- 82,094.64
Total Distributions 379,500.00 -- 128,025.74
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 66,000,000.00 213,321,341.96 6,053,069.04
Percent of ANIV 2.18% 7.05% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 0.99
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 66,000,000.00 212,637,540.77 5,969,604.06
Percent of ANIV 2.21% 7.12% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 0.99
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>
