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Previous: WODFI LLC, 8-K, 2000-08-25 |
Next: MEDI HUT CO INC, 8-K, 2000-08-25 |
<TABLE>
<CAPTION>
WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : August 15, 2000
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For Month of:
POOL BALANCE: July, 2000
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<S> <C>
Pool Balance, beginning of month $823,546,744.42
Pool Balance, end of month $739,993,333.58
Pool Balance, average $764,788,266.63
Required Pool Balance, end of month $739,993,333.58
COLLECTIONS & SERIES ALLOCATIONS Month of:
July , 2000
Series Allocable Principal Collections
Series 1999-VFN $ 35,246,734.65
Series 2000-1 $451,032,819.83
$486,279,554.48
Series Allocable Non-Principal Collections
Series 1999-VFN $ 460,126.74
Series 2000-1 $ 5,887,985.52
$ 6,348,112.26
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 37,041.40
Series 2000-1 $ 474,032.79
$ 511,074.19
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
July , 2000
1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
ALLOCATION PERCENTAGES FOR COLLECTION PERIOD Month of:
July , 2000
Series Allocation Percentages
Series 1999-VFN 7.25%
Series 2000-1 92.75%
Floating Allocation Percentages
Series 1999-VFN 92.14%
Series 2000-1 91.64%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
July , 2000
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 137,373.15
Floating Allocation Percentage: $ 32,475,843.88
Cert. Percentage minus Excess Cert. Percentage: $ 2,633,517.62
$ 35,246,734.65
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: 1,793.33
Floating Allocation Percentage: $ 423,954.29
Cert. Percentage minus Excess Cert. Percentage: $ 34,379.12
$ 460,126.74
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 1,757,887.60
Floating Allocation Percentage: $413,328,922.06
Cert. Percentage minus Excess Cert. Percentage: $ 35,946,010.18
$451,032,819.83
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 22,948.26
Floating Allocation Percentage: $ 5,395,781.86
Cert. Percentage minus Excess Cert. Percentage: $ 469,255.40
$ 5,887,985.52
Paid on:
MONTHLY DISTRIBUTIONS August 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 $ 316,172.97
Series 2000-1 Class A $ 3,518,479.38
Series 2000-1 Class B $ 307,816.88
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 5.74859945
Series 2000-1 Class A $ 5.44656250
Series 2000-1 Class B $ 5.70031250
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 45,833.33
Series 2000-1 $ 583,333.33
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:
August 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 $486,591,777.67
Excess Distributed to Cert. on Payment Date $ 1,775,327.37
FUNDED AND INVESTED AMOUNTS: Last day of:
July , 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) $580,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 55,000,000.00
Series Excess Funding Amount $ 6,193,286.25
Principal Funding Account Balance $ 0.00
Invested Amount $ 48,806,713.75
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 $ 79,252,032.49
Invested Amount $566,747,967.51
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:
August 15, 2000
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
TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. July , 2000
Pool Total Components of Excess Receivables:
Used Vehicles $ 88,330,513.34
Finance Hold Receivables (for Credit Reasons Only) $ 22,082,728.18
Delayed Payment Program $ 0.00
Pool Limits on Components of Excess Receivables:
Used Vehicles $184,998,333.40
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 14,799,866.67
Total Excess Receivables $ 22,082,728.18
Overconcentration Amount $ 711,506.02
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 22,794,234.20
POOL SERIES SUBORDINATED AMOUNTS As of:
July 31, 2000
Series Incremental Subordinated Amount
Series 1999-VFN $ 902,726.54
Series 2000-1 $ 11,551,688.40
Required Subordinated Amount
Series 1999-VFN $ 4,860,027.65
Series 2000-1 $ 65,529,772.53
Available Subordinated Amount
Series 1999-VFN $ 4,860,027.65
Series 2000-1 $ 65,529,772.53
CHARGE OFFS For Month of:
July , 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:
August 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:
August 15, 2000
1999-VFN Estimated 6.8687500%
Series 2000-1 Class A 6.7537500%
Series 2000-1 Class B 7.0687500%
7.0687500%
</TABLE>
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