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Previous: WODFI LLC, 8-K, 2000-07-28 |
Next: ENTREPORT CORP, SB-2/A, 2000-07-28 |
<TABLE>
<CAPTION>
WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : July 17, 2000
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For Month of:
POOL BALANCE: June, 2000
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<S> <C>
Pool Balance, beginning of month $822,966,580.24
Pool Balance, end of month $823,546,744.42
Pool Balance, average $812,321,563.65
Required Pool Balance, end of month $820,337,025.65
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COLLECTIONS & SERIES ALLOCATIONS Month of:
June , 2000
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Series Allocable Principal Collections
Series 1999-VFN $ 39,405,180.62
Series 2000-1 $485,276,334.34
$524,681,514.96
Series Allocable Non-Principal Collections
Series 1999-VFN $ 490,700.53
Series 2000-1 $ 6,042,996.20
$ 6,533,696.73
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 167,158.33
Series 2000-1 $ 24,959.35
$ 192,117.68
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CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
June , 2000
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1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
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ALLOCATION PERCENTAGES FOR COLLECTION PERIOD Month of:
June , 2000
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Series Allocation Percentages
Series 1999-VFN 10.78%
Series 2000-1 89.22%
Floating Allocation Percentages
Series 1999-VFN 92.18%
Series 2000-1 91.68%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
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ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
June , 2000
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Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 2,413,831.51
Floating Allocation Percentage: $ 32,749,389.24
Cert. Percentage minus Excess Cert. Percentage: $ 4,241,959.87
$ 39,405,180.62
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 30,058.70
Floating Allocation Percentage: $ 407,818.02
Cert. Percentage minus Excess Cert. Percentage: $ 52,823.82
$ 490,700.53
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 17,149,620.02
Floating Allocation Percentage: $430,672,124.96
Cert. Percentage minus Excess Cert. Percentage: $ 37,454,589.37
$485,276,334.34
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 213,558.92
Floating Allocation Percentage: $ 5,363,026.85
Cert. Percentage minus Excess Cert. Percentage: $ 466,410.42
$ 6,042,996.20
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Paid on:
MONTHLY DISTRIBUTIONS July 17, 2000
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Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Principal Distributions to Investors - $ per thousand
Series 1999-VFN $ 0.00000000
Series 2000-1 Class A $ 0.00000000
Series 2000-1 Class B $ 0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 350,770.94
Series 2000-1 Class A $ 3,896,815.56
Series 2000-1 Class B $ 340,860.00
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 6.37765345
Series 2000-1 Class A $ 6.03222222
Series 2000-1 Class B $ 6.31222222
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 70,833.33
Series 2000-1 $ 560,985.55
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor Default Amount and Monthly Dilution Amount Not Previously Reinstated
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Carry-Over Amount
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
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Paid on:
MONTHLY DISTRIBUTIONS (Cont.) July 17, 2000
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Unrated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Collections Released to Cert. during Collection Period $525,260,379.76
Excess Distributed to Cert. on Payment Date $ 926,684.23
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Last day of:
FUNDED AND INVESTED AMOUNTS: June , 2000
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SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $600,000,000.00
Incremental Funded Amounts (Cumulative) $ 35,000,000.00
Principal Distributed to Investors (Cumulative) $580,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 55,000,000.00
Series Excess Funding Amount $ 0.00
Principal Funding Account Balance $ 0.00
Invested Amount $ 55,000,000.00
SERIES 2000-1 SUPPLEMENT CLASS A
Initial Invested Amount $646,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $646,000,000.00
SERIES 2000-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 54,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 54,000,000.00
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As of:
BALANCES AS OF PAYMENT DATE July 17, 2000
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Series 1999-VFN
Reserve Fund Balance $ 275,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 55,000,000.00
Series 2000-1
Reserve Fund Balance $ 3,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $646,000,000.00
Outstanding Principal Balance, Class B $ 54,000,000.00
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TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. June , 2000
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Pool Total Components of Excess Receivables:
Used Vehicles $ 97,184,736.27
Finance Hold Receivables (for Credit Reasons Only) $ 10,319,947.63
Delayed Payment Program $ 0.00
Pool Limits on Components of Excess Receivables:
Used Vehicles $205,886,686.11
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 16,470,934.89
Total Excess Receivables $ 10,319,947.63
Overconcentration Amount $ 2,183,319.43
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 12,503,267.06
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As of:
POOL SERIES SUBORDINATED AMOUNTS June 30, 2000
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Series Incremental Subordinated Amount
Series 1999-VFN $ 579.93
Series 2000-1 $ 7,421.04
Required Subordinated Amount
Series 1999-VFN $ 4,460,039.39
Series 2000-1 $ 60,876,986.26
Available Subordinated Amount
Series 1999-VFN $ 4,460,039.39
Series 2000-1 $ 60,876,986.26
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For Month of:
CHARGE OFFS June , 2000
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Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
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INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
July 17, 2000
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Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Interest Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Principal Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Principal Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
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INTEREST RATE FOR NEXT PAYMENT DATE As of:
July 17, 2000
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1999-VFN Estimated 6.8762500%
Series 2000-1 Class A 6.7612500%
Series 2000-1 Class B 7.0762500%
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</TABLE>
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