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Previous: WODFI LLC, 8-K, 2000-09-28 |
Next: CONVERGENT NETWORKS INC, S-1, 2000-09-28 |
<TABLE>
<CAPTION>
WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : September 15, 2000
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For Month of:
POOL BALANCE: August, 2000
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<S> <C>
Pool Balance, beginning of month $739,993,333.58
Pool Balance, end of month $782,764,391.57
Pool Balance, average $741,957,120.87
Required Pool Balance, end of month $782,764,391.57
COLLECTIONS & SERIES ALLOCATIONS Month of:
August , 2000
Series Allocable Principal Collections
Series 1999-VFN $ 16,590,433.37
Series 2000-1 $524,104,383.52
$540,694,816.89
Series Allocable Non-Principal Collections
Series 1999-VFN $ 352,444.63
Series 2000-1 $ 5,805,014.46
$ 6,157,459.09
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 3,945.44
Series 2000-1 $ 340,924.82
$ 344,870.26
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
August , 2000
1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
ALLOCATION PERCENTAGES FOR COLLECTION PERIOD First day of:
August , 2000
Series Allocation Percentages
Series 1999-VFN 7.25%
Series 2000-1 92.75%
Floating Allocation Percentages
Series 1999-VFN 90.94%
Series 2000-1 90.45%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
August , 2000
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 15,087,018.32
Cert. Percentage minus Excess Cert. Percentage: $ 1,503,415.05
$ 16,590,433.37
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 320,506.31
Cert. Percentage minus Excess Cert. Percentage: $ 31,938.32
$352,444.63
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $469,944,331.70
Cert. Percentage minus Excess Cert. Percentage: $ 54,160,051.82
$524,104,383.52
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $0.00
Floating Allocation Percentage: $ 5,233,376.76
Cert. Percentage minus Excess Cert. Percentage: $ 571,637.69
$ 5,805,014.46
Paid on:
MONTHLY DISTRIBUTIONS September 15, 2000
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 $ 19,762.50
Series 2000-1 Class A $ 3,756,961.04
Series 2000-1 Class B $ 328,696.88
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-1 Class A $ 5.81572917
Series 2000-1 Class B $ 6.08697917
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 40,672.26
Series 2000-1 $ 517,289.97
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
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
September 15, 2000
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 $540,948,836.20
Excess Distributed to Cert. on Payment Date $ 1,584,927.39
FUNDED AND INVESTED AMOUNTS: Last day of:
August , 2000
SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $600,000,000.00
Incremental Funded Amounts (Cumulative) $ 35,000,000.00
Principal Distributed to Investors (Cumulative) $635,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 0.00
Series Excess Funding Amount $ 0.00
Principal Funding Account Balance $ 0.00
Invested Amount $ 0.00
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 $ 827,455.22
Invested Amount $645,172,544.78
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
BALANCES AS OF PAYMENT DATE As of:
September 15, 2000
Series 1999-VFN
Reserve Fund Balance $ 0.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 0.00
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
TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. August , 2000
Pool Total Components of Excess Receivables:
Used Vehicles $ 95,021,396.26
Finance Hold Receivables (for Credit Reasons Only) $ 15,894,825.66
Delayed Payment Program $ 91,042.00
Pool Limits on Components of Excess Receivables:
Used Vehicles $195,691,097.89
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 15,655,287.83
Total Excess Receivables $ 15,894,825.66
Overconcentration Amount $ 2,226,454.87
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 18,121,280.53
POOL SERIES SUBORDINATED AMOUNTS As of:
August 31, 2000
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 22,794,234.20
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 83,591,846.79
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 83,591,846.79
CHARGE OFFS For Month of:
August , 2000
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
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
September 15, 2000
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
INTEREST RATE FOR NEXT PAYMENT DATE As of:
September 15, 2000
1999-VFN Estimated 6.8712500%
Series 2000-1 Class A 6.7562500%
Series 2000-1 Class B 7.0712500%
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