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Previous: HOUSEHOLD AUTOMOTIVE TRUST III SERIES 1999-1, 8-K, 2000-12-28 |
Next: WORLD WRESTLING FEDERATION ENTERTAINMENT INC, 8-K, 2000-12-28 |
MASTER SERVICERS CERTIFICATE |
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(Delivered pursuant to Section 4.9 |
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of the Master Sale and Servicing Agreement) |
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HOUSEHOLD FINANCE CORPORATION, |
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Master Servicer |
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HOUSEHOLD AUTO RECEIVABLES CORPORATION |
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HOUSEHOLD AUTOMOTIVE TRUST III |
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Class A Notes, Series 1999-1 |
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1. This Certificate relates to the Distribution Date occurring on |
December 18, 2000 |
2. Series 1999-1 Information |
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(a) The amount of Collected Funds with respect to the Collection Period was equal to |
$26,864,096.08 |
(b) The amount of Available Funds with respect to the Collection Period was equal to |
$26,864,096.08 |
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(c) The Liquidated Receivables for the Collection Period was equal to |
$7,364,350.37 |
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(d) Net Liquidation Proceeds for the Collection Period was equal to |
$3,412,521.87 |
(i) The annualized net default rate |
8.6820869% |
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(e) The principal balance of Series 1999-1 Receivables at the beginning |
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of the Collection Period was equal to |
$557,249,637.92 |
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(f) The principal balance of Series 1999-1 Receivables on the last day |
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of the Collection Period was equal to |
$535,159,198.97 |
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(g) The aggregate outstanding balance of the Series 1999-1 Receivables which were one |
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payment (1-29 days) delinquent as of the close of business on the last day of the |
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Collection Period with respect to such Distribution Date was equal to |
$48,071,000.00 |
(h) The aggregate outstanding balance of the Series 1999-1 Receivables which were two |
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payments (30-59 days) delinquent as of the close of business on the last day of the |
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Collection Period with respect to such Distribution Date was equal to |
$16,640,000.00 |
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(i) The aggregate outstanding balance of the Series 1999-1 Receivables which were three or |
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more payments (60+ days) delinquent as of the close of business on the last day of the |
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Collection Period with respect to such Distribution Date was equal to |
$7,111,000.00 |
(j) The Base Servicing Fee paid on the Distribution Date was equal to |
$1,393,124.09 |
(k) The Principal Distributable Amount for the Distribution Date was equal to |
$13,806,524.34 |
(l) The Principal Amount Available for the Distribution Date was equal to |
$24,614,041.75 |
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(m) The Aggregate Note Principal Balance was equal to |
$367,617,634.11 |
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(n) The Aggregate Optimal Note Principal Balance was equal to |
$353,811,109.77 |
(o) The Targeted Credit Enhancement Amount was equal to |
$200,684,699.61 |
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(p) The Targeted Credit Enhancement Amount as a percentage of the Pool |
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Balance on the Distribution Date was equal to |
37.5000000% |
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(q) The Targeted Reserve Account Balance was equal to |
$19,336,610.41 |
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(r) The Reserve Account Deposit Amount for the Distribution Date |
$0.00 |
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(s) The Maximum Reserve Account Deposit Amount for the Distribution Date |
$2,523,602.80 |
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(t) The Reserve Account Shortfall for the Distribution Date |
$0.00 |
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(u) The amount on deposit in the Reserve Account after distributions was equal to |
$19,336,610.41 |
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(v) The amount on deposit in the Reserve Account as a percentage of the Pool |
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Balance on the Distribution Date was equal to |
3.6132445% |
(w) The Targeted Overcollateralization Amount was equal to |
$181,348,089.20 |
(x) The ending overcollateralization was equal to |
$181,348,089.20 |
(y) The ending overcollateralization as a percentage of the Pool Balance on the |
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Distribution Date was equal to |
33.8867555% |
(z) The Weighed Average Coupon (WAC) was equal to |
19.3680000% |
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(aa) The Weighed Average Remaining Maturity (WAM) was equal to |
42 |
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3. Noteholder Information |
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(a) Class A-1 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$0.00 |
2. Principal Distribution per $1,000 |
$0.00 |
3. Interest Distribution per $1,000 |
$0.00 |
B. Calculation of Class A-1 Interest Due |
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1. Class A-1 related Note Rate |
5.106000% |
2. Class A-1 principal balance - beginning of period |
$0.00 |
3. Accrual convention |
Actual/360 |
4. Days in Interest Period |
31 |
5. Class A-1 interest due |
$0.00 |
6. Class A-1 interest paid |
$0.00 |
7. Class A Interest Carryover Shortfall with respect to Class A-1 |
$0.00 |
8. Class A-1 unpaid interest with respect to the Distribution Date |
$0.00 |
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C. Calculation of Class A-1 principal balance |
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1. Class A-1 principal balance - beginning of period |
$0.00 |
2. Class A-1 principal - amount due |
$0.00 |
3. Class A-1 principal - amount paid |
$0.00 |
4. Class A-1 principal balance - end of period |
$0.00 |
5. Class A Principal Carryover Shortfall with respect to Class A-1 |
$0.00 |
6. Class A-1 unpaid principal with respect to the Distribution Date |
$0.00 |
7. Class A-1 Notes as a percentage of the total Notes outstanding on the Distribution Date |
0.000000% |
8. Class A-1 Notes as a percentage of the Pool Balance on the Distribution Date |
0.000000% |
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(b) Class A-2 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$77.50 |
2. Principal Distribution per $1,000 |
$76.61 |
3. Interest Distribution per $1,000 |
$0.89 |
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B. Calculation of Class A-2 Interest Due |
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1. Class A-2 related Note Rate |
5.719000% |
2. Class A-2 principal balance - beginning of period |
$32,557,634.11 |
3. Accrual convention |
Actual/360 |
4. Days in Interest Period |
31 |
5. Class A-2 interest due |
$160,336.40 |
6. Class A-2 interest paid |
$160,336.40 |
7. Class A Interest Carryover Shortfall with respect to Class A-2 |
$0.00 |
8. Class A-2 unpaid interest with respect to the Distribution Date |
$0.00 |
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C. Calculation of Class A-2 principal balance |
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1. Class A-2 principal balance - beginning of period |
$32,557,634.11 |
2. Class A-2 principal - amount due |
$13,806,524.34 |
3. Class A-2 principal - amount paid |
$13,806,524.34 |
4. Class A-2 principal balance - end of period |
$18,751,109.77 |
5. Class A Principal Carryover Shortfall with respect to Class A-2 |
($0.00) |
6. Class A-2 unpaid principal with respect to the Distribution Date |
($0.00) |
7. Class A-2 Notes as a percentage of the total Notes outstanding on the Distribution Date |
5.299752% |
8. Class A-2 Notes as a percentage of the Pool Balance on the Distribution Date |
3.503838% |
9. Class A-1 and A-2 Notes as a percentage of the Pool Balance on the Distribution Date |
3.503838% |
(c) Class A-3 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$5.28 |
2. Principal Distribution per $1,000 |
$0.00 |
3. Interest Distribution per $1,000 |
$5.28 |
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B. Calculation of Class A-3 Interest Due |
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1. Class A-3 related Note Rate |
6.330000% |
2. Class A-3 principal balance - beginning of period |
$156,010,000.00 |
3. Accrual convention |
30/360 |
4. Class A-3 interest due |
$822,952.75 |
5. Class A-3 interest paid |
$822,952.75 |
6. Class A Interest Carryover Shortfall with respect to Class A-3 |
$0.00 |
7. Class A-3 unpaid interest with respect to the Distribution Date |
$0.00 |
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C. Calculation of Class A-3 principal balance |
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1. Class A-3 principal balance - beginning of period |
$156,010,000.00 |
2. Class A-3 principal - amount due |
$0.00 |
3. Class A-3 principal - amount paid |
$0.00 |
4. Class A-3 principal balance - end of period |
$156,010,000.00 |
5. Class A Principal Carryover Shortfall with respect to Class A-3 |
$0.00 |
6. Class A-3 unpaid principal with respect to the Distribution Date |
$0.00 |
7. Class A-3 Notes as a percentage of the total Notes outstanding on the Distribution Date |
44.094150% |
8. Class A-3 Notes as a percentage of the Pool Balance on the Distribution Date |
29.152073% |
9. Class A-1, A-2 and A-3 Notes as a percentage of the Pool Balance on the Distribution Date |
32.655911% |
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(d) Class A-4 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$5.54 |
2. Principal Distribution per $1,000 |
$0.00 |
3. Interest Distribution per $1,000 |
$5.54 |
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B. Calculation of Class A-4 Interest Due |
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1. Class A-4 related Note Rate |
6.650000% |
2. Class A-4 principal balance - beginning of period |
$179,050,000.00 |
3. Accrual convention |
30/360 |
4. Class A-4 interest due |
$992,235.42 |
5. Class A-4 interest paid |
$992,235.42 |
6. Class A Interest Carryover Shortfall with respect to Class A-4 |
$0.00 |
7. Class A-4 unpaid interest with respect to the Distribution Date |
$0.00 |
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C. Calculation of Class A-4 principal balance |
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1. Class A-4 principal balance - beginning of period |
$179,050,000.00 |
2. Class A-4 principal - amount due |
$0.00 |
3. Class A-4 principal - amount paid |
$0.00 |
4. Class A-4 principal balance - end of period |
$179,050,000.00 |
5. Class A Principal Carryover Shortfall with respect to Class A-4 |
$0.00 |
6. Class A-4 unpaid principal with respect to the Distribution Date |
$0.00 |
7. Class A-4. Notes as a percentage of the total Notes outstanding on the Distribution Date |
50.606099% |
8. Class A-4 Notes as a percentage of the Pool Balance on the Distribution Date |
33.457334% |
9. Class A-1, A-2, A-3 and A-4 Notes as a percentage of the Pool Balance on the Distribution Date |
66.113245% |
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