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Previous: DVI RECEIVABLES CORP VIII, 8-K, EX-99.3, 2000-12-19 |
Next: JAGUAR INVESTMENTS INC, SC 13D, 2000-12-19 |
<PAGE> 1
DVI RECEIVABLES XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
<TABLE>
<S> <C>
I. RECONCILIATION OF COLLECTION ACCOUNT:
----------------------------------------
End of Period Collection Account Balance as of Prior Payment Date: 494,727.27
Available Funds:
Contract Payments due and received in this period 4,564,746.61
Contract Payments due in prior period(s) and received in this period 446,694.26
Contract Payments received in this period for next period 62,170.75
Sales, Use and Property Tax, Maintenance, Late Charges 79,488.30
Prepayment Amounts related to early termination in this period 196,323.66
Servicer Advance 659,752.39
Proceeds received from recoveries on previously Defaulted Contracts 0.00
Transfer from Reserve Account 10,116.44
Interest earned on Collection Account 13,245.08
Interest earned on Affiliated Account 2,441.17
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 6,529,705.93
Less: Amounts to be Retained in Collection Account 400,891.61
-------------
AMOUNT TO BE DISTRIBUTED 6,128,814.32
=============
DISTRIBUTION OF FUNDS:
----------------------
1. To Trustee - Fees 0.00
2. To Servicer, any unreimbursed Nonrecoverable Advances
or Servicer Advances 446,694.26
3. To Noteholders (For Servicer Report immediately following the
Final Additional Closing Date)
a) Class A1 Principal and Interest 3,766,692.57
a) Class A2 Principal (distributed after A1 Note matures)
and Interest 200,141.50
a) Class A3 Principal (distributed after A2 Note matures)
and Interest 363,849.78
a) Class A4 Principal (distributed after A3 Note matures)
and Interest 440,913.38
b) Class B Principal and Interest 81,837.91
c) Class C Principal and Interest 164,535.38
d) Class D Principal and Interest 111,606.98
e) Class E Principal and Interest 152,224.28
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) 70,616.15
b) Residual Principal (Provided no Restricting or Amortization
Event in effect) 121,806.36
c) Reserve Account Distribution (Provided no Restricting
or Amortization Event in effect) 10,116.44
6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest
Earned and Any Other Amounts 95,174.55
7. To Servicer, Servicing Fee and other Servicing Compensations 102,604.78
-------------
TOTAL FUNDS DISTRIBUTED 6,128,814.32
=============
-------------
End of Period Collection Account Balance {Includes Payments in
Advance & Restricting Event Funds (if any)} 400,891.61
=============
II. RESERVE ACCOUNT
------------------
Beginning Balance $4,104,190.93
- Add Investment Earnings 10,116.44
- Add Transfer from Certificate Account (To Satisfy Reserve
Account Requirement) 0.00
- Less Distribution to Certificate Account 10,116.44
-------------
End of period balance $4,104,190.93
=============
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. $4,104,190.93
=============
</TABLE>
<PAGE> 2
DVI RECEIVABLES XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
III. CLASS A NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class A Notes
Pool A 164,326,991.61
Pool B 76,452,008.39
--------------
240,779,000.00
Class A Overdue Interest, if any 0.00
Class A Monthly Interest - Pool A 818,028.48
Class A Monthly Interest - Pool B 380,582.15
Class A Overdue Principal, if any 0.00
Class A Monthly Principal - Pool A 1,761,995.38
Class A Monthly Principal - Pool B 1,810,991.22
--------------
3,572,986.60
Ending Principal Balance of the Class A Notes
Pool A 162,564,996.23
Pool B 74,641,017.17
-------------- --------------
237,206,013.40
==============
</TABLE>
<TABLE>
<S> <C> <C>
----------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $240,779,000 Original Face $240,779,000 Balance Factor
$4.978053 $14.839278 98.516072%
----------------------------------------------------------------------------------------
</TABLE>
IV. CLASS A NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class A Notes
Class A1 39,975,000.00
Class A2 41,000,000.00
Class A3 74,000,000.00
Class A4 85,804,000.00
--------------
Class A Monthly Interest 240,779,000.00
Class A1 (Actual
Number Days/360) 193,705.97
Class A2 200,141.50
Class A3 363,849.78
Class A4 440,913.38
--------------
Class A Monthly Principal
Class A1 3,572,986.60
Class A2 0.00
Class A3 0.00
Class A4 0.00
--------------
3,572,986.60
Ending Principal Balance of the Class A Notes
Class A1 36,402,013.40
Class A2 41,000,000.00
Class A3 74,000,000.00
Class A4 85,804,000.00
-------------- --------------
237,206,013.40
==============
</TABLE>
<TABLE>
<CAPTION>
Class A1
--------------------------------------------------------------------------------------
<S> <C> <C>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $39,975,000 Original Face $39,975,000 Balance Factor
$4.845678 $89.380528 91.061947%
--------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
DVI RECEIVABLES XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
V. CLASS B NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class B Notes
Pool A 2,800,900.30
Pool B 1,303,099.70
--------------
4,104,000.00
Class B Overdue Interest, if any 0.00
Class B Monthly Interest - Pool A 14,287.55
Class B Monthly Interest - Pool B 6,647.18
Class B Overdue Principal, if any 0.00
Class B Monthly Principal - Pool A 30,034.01
Class B Monthly Principal - Pool B 30,869.17
--------------
60,903.18
Ending Principal Balance of the Class B Notes
Pool A 2,770,866.29
Pool B 1,272,230.53
-------------- --------------
4,043,096.82
==============
</TABLE>
<TABLE>
<S> <C> <C>
-------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,104,000 Original Face $4,104,000 Balance Factor
$5.101055 $14.839956 98.516004%
-------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C>
VI. CLASS C NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class C Notes
Pool A 5,601,800.60
Pool B 2,606,199.40
--------------
8,208,000.00
Class C Overdue Interest, if any 0.00
Class C Monthly Interest - Pool A 29,161.73
Class C Monthly Interest - Pool B 13,567.29
Class C Overdue Principal, if any 0.00
Class C Monthly Principal - Pool A 60,068.02
Class C Monthly Principal - Pool B 61,738.34
--------------
121,806.36
Ending Principal Balance of the Class C Notes
Pool A 5,541,732.58
Pool B 2,544,461.06
-------------- --------------
8,086,193.64
==============
</TABLE>
<TABLE>
<S> <C> <C>
-------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $8,208,000 Original Face $8,208,000 Balance Factor
$5.205777 $14.839956 98.516004%
-------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
DVI RECEIVABLES XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
VII. CLASS D NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class D Notes
Pool A 3,734,533.73
Pool B 1,737,466.27
-------------
5,472,000.00
Class D Overdue Interest, if any 0.00
Class D Monthly Interest - Pool A 20,749.28
Class D Monthly Interest - Pool B 9,653.46
Class D Overdue Principal, if any 0.00
Class D Monthly Principal - Pool A 40,045.35
Class D Monthly Principal - Pool B 41,158.89
-------------
81,204.24
Ending Principal Balance of the Class D Notes
Pool A 3,694,488.38
Pool B 1,696,307.38
------------- --------------
5,390,795.76
==============
</TABLE>
<TABLE>
<S> <C> <C>
-------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $5,472,000 Original Face $5,472,000 Balance Factor
$5.556056 $14.839956 98.516004%
-------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C>
VIII. CLASS E NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class E Notes
Pool A 4,668,167.17
Pool B 2,171,832.83
-------------
6,840,000.00
Class E Overdue Interest, if any 0.00
Class E Monthly Interest - Pool A 34,614.72
Class E Monthly Interest - Pool B 16,104.26
Class E Overdue Principal, if any 0.00
Class E Monthly Principal - Pool A 50,056.69
Class E Monthly Principal - Pool B 51,448.61
-------------
101,505.30
Ending Principal Balance of the Class E Notes
Pool A 4,618,110.48
Pool B 2,120,384.22
------------- --------------
6,738,494.70
==============
</TABLE>
<TABLE>
<S> <C> <C>
-------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $6,840,000 Original Face $6,840,000 Balance Factor
$7.415056 $14.839956 98.516004%
-------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
DVI RECEIVABLES XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
IX. ISSUERS RESIDUAL PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Residual Principal Balance
Pool A 5,602,980.54
Pool B 2,606,748.36
------------
8,209,728.90
Residual Interest - Pool A 54,873.47
Residual Interest - Pool B 15,742.68
Residual Principal - Pool A 60,068.02
Residual Principal - Pool B 61,738.34
------------
121,806.36
Ending Residual Principal Balance
Pool A 5,542,912.52
Pool B 2,545,010.02
------------
------------
8,087,922.54
============
X. PAYMENT TO SERVICER
- Collection period Servicer Fee 102,604.78
- Servicer Advances reimbursement 446,694.26
- Tax, Maintenance, Late Charges, Bank Interest
and other amounts 95,174.55
------------
Total amounts due to Servicer 644,473.59
============
</TABLE>
<PAGE> 6
DVI RECEIVABLES XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
XI. AGGREGATE DISCOUNTED CONTRACT BALANCE
<TABLE>
<S> <C> <C>
POOL A
Aggregate Discounted Contract Balance, as defined in Indenture Agreement,
at the beginning of the related Collection Period 186,735,373.96
Aggregate Discounted Contract Balance of Additional Contracts acquired
during Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 2,002,267.48
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, --------------
at the ending of the related Collection Period 184,733,106.48
==============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 1,826,703.88
- Principal portion of Prepayment Amounts 175,563.60
- 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 2,002,267.48
============
POOL B
Aggregate Discounted Contract Balance, as defined in Indenture Agreement,
at the beginning of the related Collection Period 86,877,354.94
Aggregate Discounted Contract Balance of Additional Contracts acquired
during Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 2,057,944.56
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, --------------
at the ending of the related Collection Period 84,819,410.38
==============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 1,978,114.76
- Principal portion of Prepayment Amounts 79,829.80
- 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 2,057,944.56
============
--------------
AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED
COLLECTION PERIOD 269,552,516.86
==============
</TABLE>
<PAGE> 7
DVI RECEIVABLES XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS
<TABLE>
<CAPTION>
POOL A Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ------- -------------
<S> <C> <C> <C> <C>
NONE
------------- -------------
Totals: $0.00 $0.00
</TABLE>
<TABLE>
<S> <C>
a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $0.00
b) ADCB OF POOL A AT CLOSING DATE $186,735,373.96
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
</TABLE>
<TABLE>
<S> <C> <C>
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>
<TABLE>
<CAPTION>
POOL B Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ------- -------------
<S> <C> <C> <C> <C>
NONE
------------- -------------
Totals: $0.00 $0.00
</TABLE>
<TABLE>
<S> <C>
a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $0.00
b) ADCB OF POOL B AT CLOSING DATE $86,877,354.94
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
</TABLE>
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE
SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED
<TABLE>
<S> <C> <C>
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 XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 2000
XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) &
GENERAL RIGHTS (POOL B)
<TABLE>
<CAPTION>
POOL A - NON-PERFORMING Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ------- -------------
<S> <C> <C> <C> <C>
None
------------- -----------
Totals: $0.00 $0.00
</TABLE>
<TABLE>
<S> <C>
a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 0.00
b) ADCB OF POOL A AT CLOSING DATE $186,735,373.96
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
</TABLE>
<TABLE>
<CAPTION>
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
<S> <C> <C>
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>
<TABLE>
<CAPTION>
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------- ----------- ------------- ------- -------------
<S> <C> <C> <C> <C>
None
------------- -----------
Totals: $0.00 $0.00
</TABLE>
<TABLE>
<S> <C>
a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $0.00
b) ADCB OF POOL B AT CLOSING DATE $86,877,354.94
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
</TABLE>
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS),
THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS
BEEN FILED.
<TABLE>
<S> <C> <C>
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 XII L.L.C. 2000-2
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 12, 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 1,603,708.65 This Month 269,552,516.86
1 Month Prior 71,988.62 1 Month Prior 273,612,728.90
2 Months Prior 0.00 2 Months Prior 0.00
Total 1,675,697.27 Total 543,165,245.76
a) 3 MONTH AVERAGE 558,565.76 b) 3 MONTH AVERAGE 181,055,081.92
c) a/b 0.31%
</TABLE>
<TABLE>
<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 $273,612,728.90
-----------------------
</TABLE>
DELINQUENT LEASE SUMMARY
<TABLE>
<CAPTION>
Days Past Due Current Pool Balance # Leases
------------- -------------------- --------
<S> <C> <C>
31 - 60 11,915,164.23 40
61 - 90 1,367,938.84 11
91 - 180 1,603,708.65 3
</TABLE>
Approved By:
Lisa J. Cruikshank
Vice President
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