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Previous: DVI RECEIVABLES CORP VIII, 8-K, EX-99.2, 2000-12-19 |
Next: DVI RECEIVABLES CORP VIII, 8-K, EX-99.4, 2000-12-19 |
<PAGE> 1
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 14, 2000
<TABLE>
<S> <C>
I. RECONCILIATION OF COLLECTION ACCOUNT:
End of Period Collection Account Balance as of Prior Payment Date: 566,669.06
Available Funds:
Contract Payments due and received in this period 5,392,625.34
Contract Payments due in prior period(s) and received in this period 591,749.04
Contract Payments received in this period for next period 99,604.32
Sales, Use and Property Tax, Maintenance, Late Charges 145,142.44
Prepayment Amounts related to early termination in this period 356,840.36
Servicer Advance 946,924.42
Proceeds received from recoveries on previously Defaulted Contracts 0.00
Transfer from Reserve Account 15,438.61
Interest earned on Collection Account 35,209.40
Interest earned on Affiliated Account 7,107.77
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 8,157,310.76
Less: Amounts to be Retained in Collection Account 438,951.45
--------------
AMOUNT TO BE DISTRIBUTED 7,718,359.31
==============
DISTRIBUTION OF FUNDS:
1. To Trustee - Fees 0.00
2. To Servicer, any unreimbursed Nonrecoverable Advances or
Servicer Advances 591,749.04
3. To Noteholders (For Servicer Report immediately following the
Final Additional Closing Date)
a) Class A1 Principal and Interest 4,569,294.98
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 522,208.34
a) Class A4 Principal (distributed after A3 Note
matures) and Interest 619,968.75
b) Class B Principal and Interest 102,058.25
c) Class C Principal and Interest 204,777.87
d) Class D Principal and Interest 138,614.31
e) Class E Principal and Interest 186,043.16
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) 93,084.31
b) Residual Principal (Provided no Restricting or
Amortization Event in effect) 153,301.63
c) Reserve Account Distribution (Provided no Restricting
or Amortization Event in effect) 15,438.61
6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest
Earned and Any Other Amounts 187,459.61
7. To Servicer, Servicing Fee and other Servicing Compensations 98,247.95
--------------
TOTAL FUNDS DISTRIBUTED 7,718,359.31
==============
End of Period Collection Account Balance {Includes Payments in Advance & Restricting --------------
Event Funds (if any)} 438,951.45
==============
II. RESERVE ACCOUNT
Beginning Balance $2,925,289.09
- Add Investment Earnings 15,438.61
- Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00
- Less Distribution to Certificate Account 15,438.61
--------------
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 DECEMBER 14, 2000
III. CLASS A NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class A Notes
Pool A 162,592,082.41
Pool B 67,962,662.98
---------------
230,554,745.39
Class A Overdue Interest, if any 0.00
Class A Monthly Interest - Pool A 1,023,090.11
Class A Monthly Interest - Pool B 427,646.46
Class A Overdue Principal, if any 0.00
Class A Monthly Principal - Pool A 2,737,457.19
Class A Monthly Principal - Pool B 1,759,390.81
---------------
4,496,848.00
Ending Principal Balance of the Class A Notes
Pool A 159,854,625.22
Pool B 66,203,272.17
---------------
----------------
226,057,897.39
================
</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>
$ 5.635570 $ 17.468575 87.815052%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
IV. CLASS A NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning 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
---------------
Class A Monthly Interest 230,554,745.39
Class A1 (Actual Number Days/360) 72,446.98
Class A2 236,112.50
Class A3 522,208.34
Class A4 619,968.75
---------------
Class A Monthly Principal
Class A1 4,496,848.00
Class A2 0.00
Class A3 0.00
Class A4 0.00
---------------
4,496,848.00
Ending Principal Balance of the Class A Notes
Class A1 8,432,897.39
Class A2 39,000,000.00
Class A3 83,000,000.00
Class A4 95,625,000.00
---------------
-----------------
226,057,897.39
=================
</TABLE>
<TABLE>
<CAPTION>
Class A1
----------------------------------------------------------------------------------------------------------------------------------
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>
$ 1.820276 $ 112.986131 21.188184%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 14, 2000
V. CLASS B NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class B Notes
Pool A 2,770,815.81
Pool B 1,158,168.49
--------------
3,928,984.30
Class B Overdue Interest, if any 0.00
Class B Monthly Interest - Pool A 17,917.94
Class B Monthly Interest - Pool B 7,489.49
Class B Overdue Principal, if any 0.00
Class B Monthly Principal - Pool A 46,661.20
Class B Monthly Principal - Pool B 29,989.62
--------------
76,650.82
Ending Principal Balance of the Class B Notes
Pool A 2,724,154.61
Pool B 1,128,178.87
--------------
--------------
3,852,333.48
==============
</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>
$ 5.791527 $ 17.472264 87.812480%
----------------------------------------------------------------------------------------------------------------------
</TABLE>
VI. CLASS C NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class C Notes
Pool A 5,542,322.81
Pool B 2,316,645.78
--------------
7,858,968.59
Class C Overdue Interest, if any 0.00
Class C Monthly Interest - Pool A 36,302.21
Class C Monthly Interest - Pool B 15,174.03
Class C Overdue Principal, if any 0.00
Class C Monthly Principal - Pool A 93,322.40
Class C Monthly Principal - Pool B 59,979.23
--------------
153,301.63
Ending Principal Balance of the Class C Notes
Pool A 5,449,000.41
Pool B 2,256,666.55
--------------
--------------
7,705,666.96
==============
</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>
$ 5.866238 $ 17.470271 87.813868%
----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 14, 2000
VII. CLASS D NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class D Notes
Pool A 3,694,881.87
Pool B 1,544,430.52
--------------
5,239,312.39
Class D Overdue Interest, if any 0.00
Class D Monthly Interest - Pool A 25,679.43
Class D Monthly Interest - Pool B 10,733.79
Class D Overdue Principal, if any 0.00
Class D Monthly Principal - Pool A 62,214.94
Class D Monthly Principal - Pool B 39,986.15
--------------
102,201.09
Ending Principal Balance of the Class D Notes
Pool A 3,632,666.93
Pool B 1,504,444.37
--------------
--------------
5,137,111.30
==============
</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>
$ 6.224482 $ 17.470272 87.813868%
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
VIII. CLASS E NOTE PRINCIPAL BALANCE
<TABLE>
<S> <C> <C>
Beginning Principal Balance of the Class E Notes
Pool A 4,618,947.96
Pool B 1,930,692.56
--------------
6,549,640.52
Class E Overdue Interest, if any 0.00
Class E Monthly Interest - Pool A 41,108.64
Class E Monthly Interest - Pool B 17,183.16
Class E Overdue Principal, if any 0.00
Class E Monthly Principal - Pool A 77,768.67
Class E Monthly Principal - Pool B 49,982.69
--------------
127,751.36
Ending Principal Balance of the Class E Notes
Pool A 4,541,179.29
Pool B 1,880,709.87
--------------
--------------
6,421,889.16
==============
</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>
$ 7.970983 $ 17.469077 87.814702%
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 14, 2000
<TABLE>
<S> <C> <C>
IX. ISSUERS RESIDUAL PRINCIPAL BALANCE
Beginning Residual Principal Balance
Pool A 5,545,025.00
Pool B 2,317,853.02
---------------
7,862,878.02
Residual Interest - Pool A 67,338.03
Residual Interest - Pool B 25,746.28
Residual Principal - Pool A 93,322.40
Residual Principal - Pool B 59,979.23
---------------
153,301.63
Ending Residual Principal Balance
Pool A 5,451,702.60
Pool B 2,257,873.79
---------------
--------------
7,709,576.39
==============
X. PAYMENT TO SERVICER
- Collection period Servicer Fee 98,247.95
- Servicer Advances reimbursement 591,749.04
- Tax, Maintenance, Late Charges, Bank Interest and other amounts 187,459.61
--------------
Total amounts due to Servicer 877,456.60
==============
</TABLE>
<PAGE> 6
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 14, 2000
<TABLE>
<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 184,764,075.84
Aggregate Discounted Contract Balance of Additional Contracts acquired during
Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 3,110,746.81
---------------
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
ending of the related Collection Period 181,653,329.03
===============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 2,850,629.81
- Principal portion of Prepayment Amounts 260,117.00
- 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 3,110,746.81
=============
POOL B
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
beginning of the related Collection Period 77,230,453.35
Aggregate Discounted Contract Balance of Additional Contracts acquired during
Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 1,999,307.73
---------------
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
ending of the related Collection Period 75,231,145.62
===============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 1,889,526.31
- Principal portion of Prepayment Amounts 109,781.42
- 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 1,999,307.73
=============
---------------
AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 256,884,474.65
===============
</TABLE>
<PAGE> 7
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 14, 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>
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
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES [ ] NO [X]
<TABLE>
<CAPTION>
POOL B Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
----------------------------------------------------------------- ------------- ----------- ---------------
<S> <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
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES [ ] NO [X]
<PAGE> 8
DVI RECEIVABLES XI, L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 14, 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>
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
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES [ ] NO [X]
<TABLE>
<CAPTION>
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
----------------------------------------------------------------- ------------- ----------- ----------------
<S> <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
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES [ ] NO [X]
<PAGE> 9
DVI RECEIVABLES XI L.L.C. 2000-1
SERVICER REPORT
FOR THE PAYMENT DATE DECEMBER 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 3,766,075.88 This Month 256,884,474.65
1 Month Prior 3,837,429.86 1 Month Prior 261,994,529.19
2 Months Prior 1,014,611.11 2 Months Prior 267,417,370.06
Total 8,618,116.85 Total 786,296,373.90
a) 3 MONTH AVERAGE 2,872,705.62 b) 3 MONTH AVERAGE 262,098,791.30
c) a/b 1.10%
</TABLE>
<TABLE>
<S> <C> <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>
DELINQUENT LEASE SUMMARY
<TABLE>
<CAPTION>
Days Past Due Current Pool Balance # Leases
------------- -------------------- --------
<S> <C> <C>
31 - 60 10,803,886.19 61
61 - 90 623,822.87 12
91 - 180 3,766,075.88 18
</TABLE>
Approved By:
Lisa J. Cruikshank
Vice President
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