<PAGE>
Securities and Exchange Commission
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report: October 18, 2000
Newcourt Equipment Trust Securities 1999-1
<TABLE>
<S> <C> <C>
A New York Commission File I.R.S. Employer
Corporation No. 108-2255 No. 13-7135550
</TABLE>
c/o AT&T Capital Corporation
2 Gatehall Drive, Parsippany, NJ 07054
Telephone Number (973) 740-5408
Page 1 of 11
<PAGE>
Newcourt Equipment Trust Securities 1999-1
Monthly Servicing Report
Determination Date: October 18, 2000 Payment Date: October 20, 2000
Collection Period: September 30, 2000
Item 5. Other
<TABLE>
<S> <C>
I. Information Regarding the Contracts
1. Contract Pool Principal Balance
a. Beginning of Collection Period $ 1,163,236,670
b. End of Collection Period $ 1,114,231,719
c. Reduction for Collection Period $ 49,004,950
2. Delinquent Scheduled Payments
a. Beginning of Collection Period $ 18,018,887
b. End of Collection Period $ 19,877,265
3. Liquidated Contracts
a. Number of Liquidated Contracts 233
with respect to Collection Period ---
b. Required Payoff Amounts of Liquidated Contracts $ 3,949,047
c. Total Reserve for Liquidation Expenses $ -
d. Total Liquidation Proceeds Received (1) $ 1,782,609
e. Liquidation Proceeds Allocated to Owner Trust $ 1,782,609
f. Liquidation Proceeds Allocated to Depositor $ -
g. Current Realized Losses $ 2,166,438
4. Prepaid Contacts
a. Number of Prepaid Contracts with respect 1,015
to Collection Period -----
b. Required Payoff Amounts of Prepaid Contracts $ 11,488,523
5. Purchased Contracts (by TCC)
a. Number of Contracts Purchased by TCC with 0
respect to Collection Period -
b. Required Payoff Amounts of Purchased Contracts $ -
6. Delinquency Status of Contracts (End of Collection Period)
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------
% of Aggregate
Number of % of Aggregate Required Required Payoff
Contracts Contracts Payoff Amounts Amounts
--------------------------------------------------------------------------
<S> <C> <C> <C> <C>
a. Current 67,230 91.79% $1,033,508,250 91.13%
b. 31-60 days 3,316 4.53% $ 49,752,054 4.39%
c. 61-90 days 1,238 1.69% $ 29,591,989 2.61%
d. 91-120 days 693 0.95% $ 9,574,851 0.84%
e. 120+ days 768 1.05% $ 11,681,839 1.03%
f. Total 73,245 100.00% $1,134,108,984 100.00%
</TABLE>
Page 2 of 11
<PAGE>
7. Historical Delinquency Experience with Respect to Contracts
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
% of % of % of % of
Aggregate Aggregate Aggregate Aggregate
Required Payoff Required Payoff Required Payoff Required Payoff
Amounts Amounts Amounts Amounts
Collection
Periods 31-60 Days Past Due 61-90 Days Past Due 91-120 Days Past Due 120+ Days Past Due
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
9/30/00 4.39% 2.61% 0.84% 1.03%
8/31/00 4.88% 1.74% 0.91% 0.97%
7/31/00 4.62% 1.53% 1.43% 1.13%
6/30/00 5.33% 1.62% 0.65% 1.59%
5/31/00 4.46% 1.34% 1.58% 1.14%
4/30/00 4.98% 2.18% 1.14% 1.00%
3/31/00 4.75% 1.85% 0.64% 1.57%
2/29/00 5.79% 1.90% 0.98% 1.42%
1/31/00 4.48% 2.09% 1.06% 1.31%
12/31/99 5.04% 1.44% 1.08% 1.14%
11/30/99 4.25% 1.36% 0.61% 1.10%
10/31/99 3.70% 1.22% 0.79% 1.05%
9/30/99 3.65% 1.06% 0.98% 0.35%
8/31/99 3.34% 2.02% 0.49% 0.01%
</TABLE>
8. Historical Loss Experience With Respect to Contracts
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------
Collection 3 Collection 6 Collection Periods Cumulative Since
Period Periods Ending Ending Cut-off Date
September-00 September-00 September-00
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
a. Number of Liquidated 233 793 1,584 3,247
Contracts
b. Number of Liquidated 0.270% 0.920% 1.838% 3.767%
Contracts as a Percentage
of Initial Contracts
c. Required Payoff Amounts of 3,949,047 17,160,336 38,017,648 73,415,331
Liquidated Contracts
d. Liquidation Proceeds Allocated 1,782,609 8,762,571 17,127,600 24,357,324
to Owner Trust
e. Aggregate Current Realized 2,166,438 8,397,765 20,890,048 49,058,007
Losses
f. Aggregate Current Realized 0.118% 0.457% 1.138% 2.672%
Losses as a Percentage of
Cut-off Date Contract Pool
Principal Balance
</TABLE>
Page 3 of 11
<PAGE>
II. Information Regarding the Securities
1. Summary of Balance Information
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
Principal Balance as of Class Factor as of Principal Balance as of Class Factors as of
Class Coupon October 20, 2000 October 20, 2000 September 20, 2000 September 20, 2000
Rate Payment Date Payment Date Payment Date Payment Date
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
a. Class A-1 Notes 5.971300% $ 0 0.00000 $ 0 0.00000
b. Class A-2 Notes 6.310000% $ 0 0.00000 $ 10,316,683 0.05620
c. Class A-3 Notes 6.923750% $ 648,158,024 0.95420 $ 679,271,171 1.00000
d. Class A-4 Notes 7.180000% $ 318,523,103 1.00000 $ 318,523,103 1.00000
e. Class A-5 Notes 6.990000% $ 43,556,003 0.65000 $ 45,148,664 0.67377
f. Class B Notes 7.070000% $ 18,570,900 0.80925 $ 19,387,666 0.84484
g. Class C Notes 7.210000% $ 40,854,420 0.80922 $ 42,652,399 0.84483
h. Class D Notes 7.960000% $ 44,569,269 0.80923 $ 47,936,984 0.87038
I. Total N.A. $1,114,231,719 0.60692 $1,163,236,670 0.63362
</TABLE>
Note: Aggregate Required Payoff Amount of all contracts at the end of
the collection period is $1,114,231,719 and the CCA Balance
is 64,509,704
Page 4 of 11
<PAGE>
<TABLE>
<S> <C>
2. Total Principal Payment
a. Principal Balance of Notes
(End of Prior Collection Period) $1,163,236,670
b. Contract Pool Principal Balance (End of Collection Period) $1,114,231,719
c. Total Principal Payment $ 49,004,950
3. Gross Collections
a. Scheduled Payments Received $ 39,869,586
b. Liquidation Proceeds Allocated to Owner Trust $ 1,782,609
c. Required Payoff Amounts of Prepaid Contracts $ 11,488,523
d. Required Payoff Amounts of Purchased Contracts $ -
e. Proceeds of Clean-up Call $ -
f. Investment Earnings on Collection Account and Note Distribution Account $ 260,160
g. Net Servicer Advances/(Recoveries) $ 1,858,382
h. Total Gross Collections (sum of (a) through (f)) $ 55,259,260
4. Determination of Available Funds
a. Total Pledged Revenues $ 55,259,260
b. Withdrawal from Cash Collateral Account $ 1,496,182
c. Total Available Funds $ 56,755,443
5. Class A-3 Swap
a. Payment Details
1. Class A-3 Principal Amount $ 31,113,147
2. Class A-3 Assumed Fixed Rate 6.8360%
3. Class A-3 Assumed Fixed Rate Count (30/360) 0.083333333
4. Class A-3 Interest Rate (Libor + .30%) 6.92375%
5. Class A-3 Interest Rate Day Count (Actual/360) 0.083333333
b. Net Payment Calculation
1. Class A-3 Assumed Fixed Payment to Swap Provider $ 3,869,581
2. Class A-3 Interest Payment $ 3,919,253
3. Class A-3 Swap Payment From/(To) the Trust $ (49,672)
</TABLE>
Page 5 of 11
<PAGE>
6. Application of Available Funds
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
Item Amount Remaining Available Funds
---------------------------------------------------------------------------------------------
<S> <C> <C>
a. Total Available Funds $56,755,443
b. Servicing Fee $ 969,364 $55,786,079
c. Interest on Notes:
i) Class A-1 Notes $ - $55,786,079
ii) Class A-2 Notes $ 54,249 $55,731,830
iii) Class A-3 Net Swap $ (49,672) $55,781,502
iv) Class A-3 Notes $ 3,919,253 $51,862,249
v) Class A-4 Notes $ 1,905,830 $49,956,419
vi) Class A-5 Notes $ 262,991 $49,693,428
vii) Class B Notes $ 114,226 $49,579,202
viii) Class C Notes $ 256,270 $49,322,932
ix) Class D Notes $ 317,982 $49,004,950
d. Principal of Notes
i) Class A-1 Notes $ - $49,004,950
ii) Class A-2 Notes $10,316,683 $38,688,267
iii) Class A-3 Notes $31,113,147 $ 7,575,120
iv) Class A-4 Notes $ - $ 7,575,120
v) Class A-5 Notes $ 1,592,661 $ 5,982,459
vi) Class B Notes $ 816,766 $ 5,165,694
vii) Class C Notes $ 1,797,979 $ 3,367,715
viii) Class D Notes $ 3,367,715 $ -
e. Deposit to Cash
Collateral Account $ - $ -
f. Amount to be applied in
accordance with CCA $ - $ -
Loan Agreement
g Balance, if any, to Equity $ - $ -
</TABLE>
III. Information Regarding the Cash Collateral Account
Page 6 of 11
<PAGE>
1. Balance Reconciliation
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
October 20, 2000
Item Payment Date
-------------------------------------------------------------------------------------------------------
<S> <C>
a. Available Cash Collateral Amount (Beginning) 66,005,887
b. Deposits to Cash Collateral Account -
c. Withdrawals from Cash Collateral Account 1,496,182
d. Releases of Cash Collateral Account Surplus -
(Excess, if any of (a) plus (b) minus (c) over (f))
e. Available Cash Collateral Amount (End) 64,509,704
(Sum of (a) plus (b) minus (c) minus (d))
f. Requisite Cash Collateral Amount 73,539,293
g. Cash Collateral Account Shortfall 9,029,589
(Excess, if any, of (f) over (e))
2. Calculation of Requisite Cash Collateral Amount
a. For any payment date on or prior to the
August 2000 Payment Date to,
and including, the August 2000 Payment Date
1) Initial Cash Collateral Amount 100,972,742
b. For any Payment Dates after the August 2000
Payment Date until
the Final Payment Date, the sum of
1) 6.60% of the Contract Pool Principal Balance 73,539,293
2) The Aggregate Principal Balance of the Notes
and the Equity Certificate Balance less the
Contract Pool Principal Balance 0
3) Total ((1) plus (2)) 73,539,293
c. Floor equal to the lesser of
1) 1.25% of Cut-Off Date Contract Pool Principal
Balance ($22,948,350); and 22,948,350
2) the Aggregate Principal Balance of the Notes
and the Equity Certificate Balance 1,114,231,719
d. Requisite Cash Collateral Amount 73,539,293
3. Calculation of Cash Collateral Account Withdrawals
a. Interest Shortfalls -
b. Principal Deficiency Amount 1,496,182
c. Principal Payable at Stated Maturity Date of
Class of Notes or Equity Certificates -
d. Total Cash Collateral Account Withdrawals 1,496,182
</TABLE>
Page 7 of 11
<PAGE>
IV. Information Regarding Distributions on Securities
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
Distribution Class A-1 Class A-2 Class A-3 Class A-4
Amounts Notes Notes Notes Notes
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. Interest Due $ - $ 54,249 $ 3,919,253 $1,905,830
2. Interest Paid $ - $ 54,249 $ 3,919,253 $1,905,830
3. Interest Shortfall $ - $ - $ - $ -
((1) minus (2))
4. Principal Paid $ - $10,316,683 $31,113,147 $ -
5. Total Distribution Amount $ - $10,370,932 $35,032,400 $1,905,830
((2) plus (4))
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
Distribution Class A-5 Class B Class C Class D
Amounts Notes Notes Notes Notes Totals
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Interest Due $ 262,991 $114,226 $ 256,270 $ 317,982 $ 6,830,800
2. Interest Paid $ 262,991 $114,226 $ 256,270 $ 317,982 $ 6,830,800
3. Interest Shortfall $ - $ - $ - $ - $ -
((1) minus (2))
4. Principal Paid $1,592,661 $816,766 $ 1,797,979 $ 3,367,715 $49,004,950
5. Total Distribution Amount $1,855,652 $930,991 $ 2,054,249 $ 3,685,697 $55,835,750
((2) plus (4))
</TABLE>
Page 8 of 11
<PAGE>
V. Information Regarding Other Pool Characteristics
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
As of End of As of End of
Item September-00 August-00
Collection Period Collection Period
---------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Original Contract Characteristics
a. Original Number of Contracts 86,204 N.A.
b. Cut-Off Date Contract Pool 1,835,868,028 N.A.
Principal Balance
c. Original Weighted Average 47.00 N.A.
Remaining Term
d. Weighted Average 55.00 N.A.
Original Term
2. Current Contract Characteristics
a. Number of Contracts 73,245 74,616
b. Average Contract 15,212 15,590
Principal Balance
c. Weighted Average 37.1 37.7
Remaining Term
</TABLE>
Page 9 of 11
<PAGE>
VI. Newcourt Equipment Trust Securities 1999-1 Prepayment Schedule
<TABLE>
<CAPTION>
-------------------------------------------------------------
Payment Date Since Issue
Period CPR
-------------------------------------------------------------
<S> <C> <C>
0 Aug-99
1 Sep-99 7.696%
2 Oct-99 10.521%
3 Nov-99 9.958%
4 Dec-99 8.758%
5 Jan-00 8.327%
6 Feb-00 9.785%
7 Mar-00 9.516%
8 Apr-00 9.315%
9 May-00 9.708%
10 Jun-00 9.706%
11 Jul-00 9.497%
12 Aug-00 11.356%
13 Sep-00 10.971%
14 Oct-00 11.260%
</TABLE>
VII. Purchased, Liquidated and Paid Contracts
A computer listing of all purchased, liquidated and paid
contracts has been provided to the Indenture Trustee.
Page 10 of 11
<PAGE>
Servicer's Certificate
The undersigned, on behalf of AT&T Capital Corporation, in its capacity as
servicer (the "Servicer") under the Pooling and Servicing Agreement, dated
as of August 1, 1999 (the "Pooling and Servicing Agreement"), among Newcourt
Equipment Trust Securities 1999-1, Antigua Funding Corporation, The Chase
Manhattan Bank, as trustee under the Indenture, and AT&T Capital Corporation,
in its individual capacity and as Servicer, DO HEREBY CERTIFY that I am a
Responsible Officer of the Servicer and, pursuant to Section 9.02 of the
Pooling and Servicing Agreement, I DO HEREBY FURTHER CERTIFY the following
report with respect to the Payment Date occurring on October 20, 2000
This Certificate shall constitute the Servicer's Certificate as
required by Section 9.02 of the Pooling and Servicing Agreement with respect
to the above Payment Date. Any term capitalized but not defined herein shall
have the meaning ascribed thereto in the Pooling and Servicing Agreement.
AT&T Capital Corporation
Glenn Votek
-----------
Glenn Votek
Executive Vice President, and Treasurer
Page 11 of 11