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Previous: DVI RECEIVABLES CORP VIII, 8-K, EX-99.2, 2000-12-01 |
Next: BACKWEB TECHNOLOGIES LTD, S-8, 2000-12-01 |
<PAGE> 1
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
I. RECONCILIATION OF COLLECTION ACCOUNT:
<TABLE>
<CAPTION>
<S> <C>
End of Period Collection Account Balance as of Prior Payment Date: 478,257.50
Available Funds:
Contract Payments due and received in this period 5,926,248.66
Contract Payments due in prior period(s) and received in this period 672,642.52
Contract Payments received in this period for next period 225,061.28
Sales, Use and Property Tax, Maintenance, Late Charges 202,382.88
Prepayment Amounts related to early termination in this period 659,983.52
Servicer Advance 560,686.63
Proceeds received from recoveries on previously Defaulted Contracts 0.00
Transfer from Reserve Account 15,872.41
Interest earned on Collection Account 36,342.83
Interest earned on Affiliated Account 7,822.82
Proceeds from repurchase of Contracts per Contribution and
Servicing Agreement Section 5.03 0.00
Amounts paid per Contribution and Servicing Agreement Section 7.01
(Substituted contract < Predecessor contract) 0.00
Amounts paid under insurance policies 0.00
Any other amounts 0.00
-------------
Total Available Funds 8,785,301.05
Less: Amounts to be Retained in Collection Account 566,669.06
-------------
AMOUNT TO BE DISTRIBUTED 8,218,631.99
=============
DISTRIBUTION OF FUNDS:
1. To Trustee - Fees 0.00
2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 672,642.52
3. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date)
a) Class A1 Principal and Interest 4,867,979.42
a) Class A2 Principal (distributed after A1 Note matures) and Interest 236,112.50
a) Class A3 Principal (distributed after A2 Note matures) and Interest 522,208.33
a) Class A4 Principal (distributed after A3 Note matures) and Interest 619,968.75
b) Class B Principal and Interest 107,276.06
c) Class C Principal and Interest 215,227.06
d) Class D Principal and Interest 145,623.80
e) Class E Principal and Interest 195,069.40
4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00
5. To Issuer - Residual Principal and Interest and Reserve Account Distribution
a) Residual Interest (Provided no Restricting or Amortization Event in effect) 111,136.46
b) Residual Principal (Provided no Restricting or Amortization Event in effect) 162,685.23
c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 15,872.41
6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 246,548.53
7. To Servicer, Servicing Fee and other Servicing Compensations 100,281.52
-------------
TOTAL FUNDS DISTRIBUTED 8,218,631.99
=============
End of Period Collection Account Balance {Includes Payments -------------
in Advance & Restricting Event Funds (if any)} 566,669.06
=============
II. RESERVE ACCOUNT
Beginning Balance $2,925,289.09
- Add Investment Earnings 15,872.41
- Add Transfer from Certificate Account
(To Satisfy Reserve Account Requirement) 0.00
- Less Distribution to Certificate Account 15,872.41
-------------
End of period balance $2,925,289.09
=============
Reserve Account Requirement (Lesser of:
(i) Initial Reserve Account Required Amount, or
(ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $2,925,289.09
=============
</TABLE>
<PAGE> 2
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
III. CLASS A NOTE PRINCIPAL BALANCE
<TABLE>
<CAPTION>
Beginning Principal Balance of the Class A Notes
<S> <C> <C>
Pool A 165,415,140.18
Pool B 69,911,705.17
--------------
235,326,845.35
Class A Overdue Interest, if any 0.00
Class A Monthly Interest - Pool A 1,036,217.85
Class A Monthly Interest - Pool B 437,951.19
Class A Overdue Principal, if any 0.00
Class A Monthly Principal - Pool A 2,823,057.77
Class A Monthly Principal - Pool B 1,949,042.19
--------------
4,772,099.96
Ending Principal Balance of the Class A Notes
Pool A 162,592,082.41
Pool B 67,962,662.98
-------------- --------------
230,554,745.39
==============
</TABLE>
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $257,425,000 Original Face $257,425,000 Balance Factor
<S> <C> <C>
$ 5.726596 $ 18.537826 89.561909%
</TABLE>
IV. CLASS A NOTE PRINCIPAL BALANCE
<TABLE>
<CAPTION>
Beginning Principal Balance of the Class A Notes
<S> <C> <C>
Class A1 17,701,845.35
Class A2 39,000,000.00
Class A3 83,000,000.00
Class A4 95,625,000.00
--------------
Class A Monthly Interest 235,326,845.35
Class A1 (Actual Number Days/360) 95,879.46
Class A2 236,112.50
Class A3 522,208.33
Class A4 619,968.75
--------------
Class A Monthly Principal
Class A1 4,772,099.96
Class A2 0.00
Class A3 0.00
Class A4 0.00
--------------
4,772,099.96
Ending Principal Balance of the Class A Notes
Class A1 12,929,745.39
Class A2 39,000,000.00
Class A3 83,000,000.00
Class A4 95,625,000.00
-------------- ---------------
230,554,745.39
===============
</TABLE>
CLASS A1
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $39,800,000 Original Face $39,800,000 Balance Factor
<S> <C> <C>
$ 2.409032 $ 119.902009 32.486797%
</TABLE>
<PAGE> 3
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
V. CLASS B NOTE PRINCIPAL BALANCE
<TABLE>
<CAPTION>
Beginning Principal Balance of the Class B Notes
<S> <C> <C>
Pool A 2,818,936.11
Pool B 1,191,390.80
------------
4,010,326.91
Class B Overdue Interest, if any 0.00
Class B Monthly Interest - Pool A 18,229.12
Class B Monthly Interest - Pool B 7,704.33
Class B Overdue Principal, if any 0.00
Class B Monthly Principal - Pool A 48,120.30
Class B Monthly Principal - Pool B 33,222.31
------------
81,342.61
Ending Principal Balance of the Class B Notes
Pool A 2,770,815.81
Pool B 1,158,168.49
------------ ------------
3,928,984.30
============
</TABLE>
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,387,000 Original Face $4,387,000 Balance Factor
<S> <C> <C>
$ 5.911432 $ 18.541739 89.559706%
</TABLE>
VI. CLASS C NOTE PRINCIPAL BALANCE
<TABLE>
<CAPTION>
Beginning Principal Balance of the Class C Notes
<S> <C> <C>
Pool A 5,638,563.42
Pool B 2,383,090.40
------------
8,021,653.82
Class C Overdue Interest, if any 0.00
Class C Monthly Interest - Pool A 36,932.59
Class C Monthly Interest - Pool B 15,609.24
Class C Overdue Principal, if any 0.00
Class C Monthly Principal - Pool A 96,240.61
Class C Monthly Principal - Pool B 66,444.62
------------
162,685.23
Ending Principal Balance of the Class C Notes
Pool A 5,542,322.81
Pool B 2,316,645.78
------------
-------------
7,858,968.59
============
</TABLE>
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $8,775,000 Original Face $8,775,000 Balance Factor
<S> <C> <C>
$ 5.987673 $ 18.539627 89.560896%
</TABLE>
<PAGE> 4
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
VII. CLASS D NOTE PRINCIPAL BALANCE
<TABLE>
<CAPTION>
Beginning Principal Balance of the Class D Notes
<S> <C> <C>
Pool A 3,759,042.27
Pool B 1,588,726.93
------------
5,347,769.20
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
Class D Overdue Interest, if any 0.00
Class D Monthly Interest - Pool A 26,125.34
Class D Monthly Interest - Pool B 11,041.65
Class D Overdue Principal, if any 0.00
Class D Monthly Principal - Pool A 64,160.40
Class D Monthly Principal - Pool B 44,296.41
------------
108,456.81
Ending Principal Balance of the Class D Notes
Pool A 3,694,881.87
Pool B 1,544,430.52
------------
-------------
5,239,312.39
============
</TABLE>
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $5,850,000 Original Face $5,850,000 Balance Factor
<S> <C> <C>
$ 6.353332 $ 18.539626 89.560896%
</TABLE>
VIII. CLASS E NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class E Notes
<TABLE>
<CAPTION>
<S> <C> <C>
Pool A 4,699,148.46
Pool B 1,986,063.08
------------
6,685,211.54
Class E Overdue Interest, if any 0.00
Class E Monthly Interest - Pool A 41,822.42
Class E Monthly Interest - Pool B 17,675.96
Class E Overdue Principal, if any 0.00
Class E Monthly Principal - Pool A 80,200.50
Class E Monthly Principal - Pool B 55,370.52
------------
135,571.02
Ending Principal Balance of the Class E Notes
Pool A 4,618,947.96
Pool B 1,930,692.56
------------ ------------
6,549,640.52
============
</TABLE>
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $7,313,000 Original Face $7,313,000 Balance Factor
<S> <C> <C>
$ 8.135974 $ 18.538359 89.561610%
</TABLE>
<PAGE> 5
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
IX. ISSUERS RESIDUAL PRINCIPAL BALANCE
<TABLE>
<CAPTION>
Beginning Residual Principal Balance
<S> <C> <C>
Pool A 5,641,265.61
Pool B 2,384,297.64
------------
8,025,563.25
Residual Interest - Pool A 73,143.20
Residual Interest - Pool B 37,993.26
Residual Principal - Pool A 96,240.61
Residual Principal - Pool B 66,444.62
------------
162,685.23
Ending Residual Principal Balance
Pool A 5,545,025.00
Pool B 2,317,853.02
------------
------------
7,862,878.02
============
X. PAYMENT TO SERVICER
- Collection period Servicer Fee 100,281.52
- Servicer Advances reimbursement 672,642.52
- Tax, Maintenance, Late Charges,
Bank Interest and other amounts 246,548.53
------------
Total amounts due to Servicer 1,019,472.57
============
</TABLE>
<PAGE> 6
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
<TABLE>
<CAPTION>
<S> <C> <C>
XI. AGGREGATE DISCOUNTED CONTRACT BALANCE
POOL A
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
beginning of the related Collection Period 187,972,096.04
Aggregate Discounted Contract Balance of Additional Contracts acquired during
Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 3,208,020.20
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
ending of the related Collection Period
--------------
184,764,075.84
==============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 2,762,003.14
- Principal portion of Prepayment Amounts 446,017.06
- Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00
- Aggregate Discounted Contract Balance of Contracts that have become Defaulted
Contracts during the Collection Period 0.00
- Aggregate Discounted Contract Balance of Substitute Contracts added during
Collection Period 0.00
- Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn
during Collection Period 0.00
--------------
Total Decline in Aggregate Discounted Contract Balance 3,208,020.20
==============
POOL B
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
beginning of the related Collection Period 79,445,274.02
Aggregate Discounted Contract Balance of Additional Contracts acquired during
Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 2,214,820.67
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
ending of the related Collection Period
--------------
77,230,453.35
==============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 1,933,100.22
- Principal portion of Prepayment Amounts 281,720.45
- Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00
- Aggregate Discounted Contract Balance of Contracts that have become Defaulted
Contracts during the Collection Period 0.00
- Aggregate Discounted Contract Balance of Substitute Contracts added during
Collection Period 0.00
- Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn
during Collection Period 0.00
--------------
Total Decline in Aggregate Discounted Contract Balance 2,214,820.67
==============
--------------
AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 261,994,529.19
==============
</TABLE>
<PAGE> 7
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS
POOL A
<TABLE>
<CAPTION>
Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ----------- ---------------
<S> <C> <C> <C> <C>
NONE
--------------- ---------------
Totals: $0.00 $0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $0.00
b) ADCB OF POOL A AT CLOSING DATE $202,195,615.75
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor Receivables $0.00
b) Total discounted Contract Balance of Substitute Receivables $0.00
c) If (a) > (b), amount to be deposited in Collection
Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
-------- --------
</TABLE>
Pool B
<TABLE>
<CAPTION>
Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ----------- ---------------
<S> <C> <C> <C> <C>
NONE
------------- --------------
Totals: $0.00 $0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $0.00
b) ADCB OF POOL B AT CLOSING DATE $90,333,293.68
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE
POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS),
THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS
BEEN FILED
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor Receivables $0.00
b) Total discounted Contract Balance of Substitute Receivables $0.00
c) If (a) > (b), amount to be deposited in Collection Account
per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
-------- --------
</TABLE>
<PAGE> 8
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) &
GENERAL RIGHTS (POOL B)
POOL A - NON-PERFORMING
<TABLE>
<CAPTION>
Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ---------- -------------
<S> <C> <C> <C> <C>
NONE
--------------- ------------------
Totals: $0.00 $0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 0.00
b) ADCB OF POOL A AT CLOSING DATE $202,195,615.75
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor Receivables $0.00
b) Total discounted Contract Balance of Substitute Receivables $0.00
c) If (a) > (b), amount to be deposited in Collection
Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
</TABLE>
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
<TABLE>
<CAPTION>
Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ---------- -------------
<S> <C> <C> <C> <C>
NONE
--------------- -------------
Totals: $0.00 $0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $0.00
b) ADCB OF POOL B AT CLOSING DATE $90,333,293.68
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE
SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN
FILED.
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor Receivables $0.00
b) Total discounted Contract Balance of Substitute Receivables $0.00
c) If (a) > (b), amount to be deposited in Collection
Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
</TABLE>
<PAGE> 9
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE NOVEMBER 14, 2000
XV. POOL PERFORMANCE MEASUREMENTS
1. AGGREGATE DISCOUNTED CONTRACT BALANCE
<TABLE>
<CAPTION>
CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS
<S> <C> <C> <C>
This Month 3,837,429.86 This Month 261,994,529.19
1 Month Prior 1,014,611.11 1 Month Prior 267,417,370.06
2 Months Prior 560,468.33 2 Months Prior 272,968,391.89
Total 5,412,509.30 Total 802,380,291.14
a) 3 MONTH AVERAGE 1,804,169.77 b) 3 MONTH AVERAGE 267,460,097.05
c) a/b 0.67%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
2. Does a Delinquency Condition Exist (1c > 6%)?
Yes No X
-------------- --------------
3. Restricting Event Check
A. A Delinquency Condition exists for current period? Yes No X
-------------- --------------
B. An Indenture Event of Default has occurred and is then continuing? Yes No X
-------------- --------------
4. Has a Servicer Event of Default occurred? Yes No X
-------------- --------------
5. Amortization Event Check
A. Is 1c > 8% ? Yes No X
-------------- --------------
B. Bankruptcy, insolvency, reorganization; default/violation of
any covenant or obligation not remedied within 90 days? Yes No X
-------------- --------------
C. As of any Determination date, the sum of all defaulted
contracts since the Closing date exceeds 6% of the ADCB
on the Closing Date? Yes No X
-------------- --------------
6. Aggregate Discounted Contract Balance at Closing Date Balance $ 270,243,724.70
-------------
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT LEASE SUMMARY
<S> <C> <C>
Days Past Due Current Pool Balance # Leases
31 - 60 12,042,448.75 54
61 - 90 364,475.01 17
91 - 180 3,837,429.86 14
</TABLE>
Approved By:
Lisa J. Cruikshank
Vice President
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