<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: September 18, 2000
Newcourt Equipment Trust Securities 1999-1
A New York Commission File I.R.S. Employer
Corporation No. 108-2255 No. 13-7135550
c/o AT&T Capital Corporation
2 Gatehall Drive, Parsippany, NJ 07054
Telephone Number (973) 606-3500
Page 2 of 11
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NEWCOURT EQUIPMENT TRUST SECURITIES 1999-1
MONTHLY SERVICING REPORT
DETERMINATION DATE: SEPTEMBER 18, 2000 PAYMENT DATE: SEPTEMBER 20, 2000
COLLECTION PERIOD: AUGUST 31, 2000
<TABLE>
<CAPTION>
ITEM 5. OTHER
I. INFORMATION REGARDING THE CONTRACTS
<S> <C>
1. CONTRACT POOL PRINCIPAL BALANCE
a. Beginning of Collection Period $ 1,206,580,680
b. End of Collection Period $ 1,163,236,670
c. Reduction for Collection Period $ 43,344,010
2. DELINQUENT SCHEDULED PAYMENTS
a. Beginning of Collection Period $ 22,833,732
b. End of Collection Period $ 18,018,887
3. LIQUIDATED CONTRACTS
a. Number of Liquidated Contracts
with respect to Collection Period 270
---
b. Required Payoff Amounts of Liquidated Contracts $ 5,056,637
c. Total Reserve for Liquidation Expenses $ -
d. Total Liquidation Proceeds Received (1) $ 2,957,144
e. Liquidation Proceeds Allocated to Owner Trust $ 2,957,144
f. Liquidation Proceeds Allocated to Depositor $ -
g. Current Realized Losses $ 2,099,494
4. PREPAID CONTACTS
a. Number of Prepaid Contracts with respect
to Collection Period 924
---
b. Required Payoff Amounts of Prepaid Contracts $ 4,674,573
5. PURCHASED CONTRACTS (BY TCC)
a. Number of Contracts Purchased by TCC with
respect to Collection Period 16
--
b. Required Payoff Amounts of Purchased Contracts $ 402,697
</TABLE>
6. DELINQUENCY STATUS OF CONTRACTS (END OF COLLECTION PERIOD)
<TABLE>
<CAPTION>
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% OF AGGREGATE
NUMBER OF % OF AGGREGATE REQUIRED REQUIRED PAYOFF
CONTRACTS CONTRACTS PAYOFF AMOUNTS AMOUNTS
-------------------------------------------------------------------------
<S> <C> <C> <C> <C>
a. Current 69,030 92.51% $ 1,080,862,759 91.50%
b. 31-60 days 2,997 4.02% $ 57,590,769 4.88%
c. 61-90 days 1,263 1.69% $ 20,584,281 1.74%
d. 91-120 days 618 0.83% $ 10,743,462 0.91%
e. 120+ days 708 0.95% $ 11,474,285 0.97%
f. Total 74,616 100.00% $ 1,181,255,557 100.00%
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Page 3 of 11
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7. HISTORICAL DELINQUENCY EXPERIENCE WITH RESPECT TO CONTRACTS
<TABLE>
<CAPTION>
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% 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>
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>
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COLLECTION 3 COLLECTION 6 COLLECTION PERIODS CUMULATIVE SINCE
PERIOD PERIODS ENDING ENDING CUT-OFF DATE
AUGUST-00 AUGUST-00 AUGUST-00
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<S> <C> <C> <C> <C>
a. Number of Liquidated
Contracts 270 788 1,728 3,014
b. Number of Liquidated
Contracts as a Percentage
of Initial Contracts 0.313% 0.914% 2.005% 3.496%
c. Required Payoff Amounts of
Liquidated Contracts 5,056,637 20,719,421 41,166,808 69,466,284
d. Liquidation Proceeds Allocated
to Owner Trust 2,957,144 9,879,424 15,966,346 22,574,715
e. Aggregate Current Realized
Losses 2,099,494 10,839,997 25,200,461 46,891,569
f. Aggregate Current Realized
Losses as a Percentage of
Cut-off Date Contract Pool
Principal Balance 0.114% 0.590% 1.373% 2.554%
</TABLE>
Page 4 of 11
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II. INFORMATION REGARDING THE SECURITIES
1. SUMMARY OF BALANCE INFORMATION
<TABLE>
<CAPTION>
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PRINCIPAL BALANCE AS OF CLASS FACTOR AS OF PRINCIPAL BALANCE AS OF CLASS FACTORS AS OF
CLASS COUPON SEPTEMBER 20, 2000 SEPTEMBER 20, 2000 AUGUST 21, 2000 AUGUST 21, 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% $ 10,316,683 0.05620 $ 47,340,091 0.25786
c. Class A-3 Notes 6.920000% $ 679,271,171 1.00000 $ 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% $ 45,148,664 0.67377 $ 46,557,344 0.69479
f. Class B Notes 7.070000% $ 19,387,666 0.84484 $ 20,110,080 0.87632
g. Class C Notes 7.210000% $ 42,652,399 0.84483 $ 44,241,694 0.87631
h. Class D Notes 7.960000% $ 47,936,984 0.87038 $ 50,537,197 0.91759
I. Total N.A. $1,163,236,670 0.63362 $1,206,580,680 0.65723
</TABLE>
Note: Aggregate Required Payoff Amount of all contracts at the end of the
collection period is $1,163,236,670 and the CCA Balance is 66,005,887
Page 5 of 11
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<TABLE>
<CAPTION>
2. TOTAL PRINCIPAL PAYMENT
<S> <C>
a. Principal Balance of Notes
(End of Prior Collection Period) $ 1,206,580,680
b. Contract Pool Principal Balance (End of Collection Period) $ 1,163,236,670
c. Total Principal Payment $ 43,344,010
3. GROSS COLLECTIONS
a. Scheduled Payments Received $ 46,158,019
b. Liquidation Proceeds Allocated to Owner Trust $ 2,957,144
c. Required Payoff Amounts of Prepaid Contracts $ 4,674,573
d. Required Payoff Amounts of Purchased Contracts $ 402,697
e. Proceeds of Clean-up Call $ -
f. Investment Earnings on Collection Account and Note Distribution Account $ 266,170
g. Net Servicer Advances/(Recoveries) $ (4,814,845)
H. TOTAL GROSS COLLECTIONS (SUM OF (a) THROUGH (f)) $ 49,643,759
4. Determination of Available Funds
a. Total Pledged Revenues $ 49,643,759
b. Withdrawal from Cash Collateral Account $ 1,720,804
c. Total Available Funds $ 51,364,563
5. CLASS A-3 SWAP
a. Payment Details
1. Class A-3 Principal Amount $ -
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%) 6.92000%
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 $ 3,917,130
3. Class A-3 Swap Payment From/(To) the Trust $ (47,549)
</TABLE>
Page 6 of 11
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6. APPLICATION OF AVAILABLE FUNDS
<TABLE>
<CAPTION>
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ITEM AMOUNT REMAINING AVAILABLE FUNDS
-------------------------------------------------------------------------------------
<S> <C> <C>
a. Total Available Funds $ 51,364,563
b. Servicing Fee $ 1,005,484 $ 50,359,079
c. Interest on Notes:
i) Class A-1 Notes $ - $ 50,359,079
ii) Class A-2 Notes $ 248,930 $ 50,110,149
iii) Class A-3 Net Swap $ (47,549) $ 50,157,698
iv) Class A-3 Notes $ 3,917,130 $ 46,240,568
v) Class A-4 Notes $ 1,905,830 $ 44,334,738
vi) Class A-5 Notes $ 271,197 $ 44,063,541
vii) Class B Notes $ 118,482 $ 43,945,059
viii) Class C Notes $ 265,819 $ 43,679,240
ix) Class D Notes $ 335,230 $ 43,344,010
d. Principal of Notes
i) Class A-1 Notes $ - $ 43,344,010
ii) Class A-2 Notes $37,023,408 $ 6,320,602
iii) Class A-3 Notes $ - $ 6,320,602
iv) Class A-4 Notes $ - $ 6,320,602
v) Class A-5 Notes $ 1,408,680 $ 4,911,922
vi) Class B Notes $ 722,415 $ 4,189,507
vii) Class C Notes $ 1,589,295 $ 2,600,213
viii) Class D Notes $ 2,600,213 $ -
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 7 of 11
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<TABLE>
<CAPTION>
1. BALANCE RECONCILIATION
----------------------------------------------------------------------------------------
SEPTEMBER 20, 2000
ITEM PAYMENT DATE
----------------------------------------------------------------------------------------
<S> <C>
a. Available Cash Collateral Amount (Beginning) 67,726,691
b. Deposits to Cash Collateral Account -
c. Withdrawals from Cash Collateral Account 1,720,804
d. Releases of Cash Collateral Account Surplus
(Excess, if any of (a) plus (b) minus (c) over (f)) -
e. Available Cash Collateral Amount (End)
(Sum of (a) plus (b) minus (c) minus (d)) 66,005,887
f. Requisite Cash Collateral Amount 76,773,620
g. Cash Collateral Account Shortfall
(Excess, if any, of (f) over (e)) 10,767,734
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 76,773,620
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)) 76,773,620
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 1,163,236,670
d. Requisite Cash Collateral Amount 76,773,620
3. CALCULATION OF CASH COLLATERAL ACCOUNT WITHDRAWALS
a. Interest Shortfalls -
b. Principal Deficiency Amount 1,720,804
c. Principal Payable at Stated Maturity Date of
Class of Notes or Equity Certificates -
d. Total Cash Collateral Account Withdrawals 1,720,804
</TABLE>
Page 8 of 11
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IV. INFORMATION REGARDING DISTRIBUTIONS ON SECURITIES
<TABLE>
<CAPTION>
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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 $ - $ 248,930 $ 3,917,130 $ 1,905,830
2. Interest Paid $ - $ 248,930 $ 3,917,130 $ 1,905,830
3. Interest Shortfall
((1) minus (2)) $ - $ - $ - $ -
4. Principal Paid $ - $ 37,023,408 $ - $ -
5. Total Distribution Amount
((2) plus (4)) $ - $ 37,272,338 $ 3,917,130 $ 1,905,830
</TABLE>
<TABLE>
<CAPTION>
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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 $ 271,197 $ 118,482 $ 265,819 $ 335,230 $ 7,062,618
2. Interest Paid $ 271,197 $ 118,482 $ 265,819 $ 335,230 $ 7,062,618
3. Interest Shortfall
((1) minus (2)) $ - $ - $ - $ - $ -
4. Principal Paid $ 1,408,680 $ 722,415 $ 1,589,295 $ 2,600,213 $ 43,344,010
5. Total Distribution Amount
((2) plus (4)) $ 1,679,877 $ 840,897 $ 1,855,114 $ 2,935,443 $ 50,406,628
</TABLE>
Page 9 of 11
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V. INFORMATION REGARDING OTHER POOL CHARACTERISTICS
<TABLE>
<CAPTION>
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AS OF END OF AS OF END OF
ITEM AUGUST-00 JULY-00
COLLECTION PERIOD COLLECTION PERIOD
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<S> <C> <C>
1. ORIGINAL CONTRACT CHARACTERISTICS
a. Original Number of Contracts 86,204 N.A.
b. Cut-Off Date Contract Pool
Principal Balance 1,835,868,028 N.A.
c. Original Weighted Average
Remaining Term 47.00 N.A.
d. Weighted Average
Original Term 55.00 N.A.
2. CURRENT CONTRACT CHARACTERISTICS
a. Number of Contracts 74,616 75,943
b. Average Contract
Principal Balance 15,590 15,888
c. Weighted Average
Remaining Term 37.7 38.4
</TABLE>
Page 10 of 11
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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%
Sep-00 10.971%
</TABLE>
VII. PURCHASED, LIQUIDATED AND PAID CONTRACTS
A COMPUTER LISTING OF ALL PURCHASED, LIQUIDATED AND PAID CONTRACTS HAS BEEN
PROVIDED TO THE INDENTURE TRUSTEE.
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
September 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
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Glenn Votek
Executive Vice President, and Treasurer
