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Previous: UACSC AUTO TRUSTS UACSC 1999-C OWNER TRUST AUTO REC BAC NOTE, 10-K405, 2000-09-28 |
Next: FRANKLYN RESOURCES INC, 10KSB/A, 2000-09-28 |
UACSC 99-C
UNION ACCEPTANCE CORPORATION
(Servicer)
06/30/00
<TABLE>
<CAPTION>
NOTE BALANCE RECONCILIATION DOLLARS
CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS B
------------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Original Note Balances 72,500,000.00 94,500,000.00 88,000,000.00 95,200,000.00 14,591,551.00
Beginning Period Note Balances - 72,264,034.54 88,000,000.00 95,200,000.00 14,591,551.00
Principal Collections - Scheduled Payments - 3,638,079.22 - - -
Principal Collections - Payoffs - 3,139,718.39 - - -
Principal Withdrawal from Payahead - 1,691.14 - - -
Gross Principal Charge Offs - 806,313.43 - - -
Repurchases - 11,017.30 - - -
Accelerated Principal - - - - -
Principal shortfall, up to Accelerated Principal - - - - -
Total Principal to be Distributed - 7,596,819.48 - - -
------------- ------------- ------------- ------------- -------------
Ending Note Balances - 64,667,215.06 88,000,000.00 95,200,000.00 14,591,551.00
============= ============= ============= ============= =============
Note Factor - 0.6843092 1.0000000 1.0000000 1.0000000
Interest Rate 5.4730% 6.1900% 6.6100% 6.820% 7.050%
</TABLE>
NOTE BALANCE RECONCILIATION NUMBERS
TOTAL
-------------- ------
Original Note Balances 364,791,551.00 24,594
Beginning Period Note Balances 270,055,585.54 20,305
Principal Collections - Scheduled Payments 3,638,079.22
Principal Collections - Payoffs 3,139,718.39 369
Principal Withdrawal from Payahead 1,691.14
Gross Principal Charge Offs 806,313.43 56
Repurchases 11,017.30 1
Accelerated Principal -
Principal shortfall, up to Accelerated Principal -
Total Principal to be Distributed 7,596,819.48
-------------- ------
Ending Note Balances 262,458,766.06 19,879
============== ======
Note Factor 0.7194760
Interest Rate 6.3476%
<PAGE>
PRINCIPAL BALANCE RECONCILIATION
Original Principal Balance 364,791,551.99
Beginning Period Principal Balance 279,175,375.31
Principal Collections - Scheduled Payments 3,638,079.22
Principal Collections - Payoffs 3,139,718.39
Principal Withdrawal from Payahead 1,691.14
Gross Principal Charge Offs 806,313.43
Repurchases 11,017.30
--------------
Ending Principal Balance 271,578,555.83
==============
Ending Note Balances 262,458,766.06
==============
Tail not sold 0.99
==============
Cumulative Accelerate Principal 9,119,788.78
==============
CASH FLOW RECONCILIATION
Principal Wired 6,800,054.88
Interest Wired 2,848,754.63
Withdrawal from Payahead Account 2,185.53
Repurchases (Principal and Interest) 11,490.49
Charge Off Recoveries 417,930.85
Interest Advances 91,605.75
Collection Account Interest Earned 34,859.91
Spread Account Withdrawal -
Policy Draw for Principal or Interest -
--------------
Total Cash Flow 10,206,882.04
==============
TRUSTEE DISTRIBUTION (7/10/00)
Total Cash Flow 10,206,882.04
Unrecovered Advances on Defaulted Receivables 27,315.78
Servicing Fee (Due and Unpaid) -
Interest to Class A-1 Noteholders, including any overdue amounts -
Interest to Class A-2 Noteholders, including any overdue amounts 372,761.98
Interest to Class A-3 Noteholders, including any overdue amounts 484,733.33
Interest to Class A-4 Noteholders, including any overdue amounts 541,053.33
Interest to Class B Noteholders, including any overdue amounts 85,725.36
Principal to Class A-1 Noteholders, including any overdue amounts -
Principal to Class A-2 Noteholders, including any overdue amounts 7,596,819.48
Principal to Class A-3 Noteholders, including any overdue amounts -
Principal to Class A-4 Noteholders, including any overdue amounts -
Principal to Class B Noteholders, including any overdue amounts -
Insurance Premium 29,256.02
Interest Advance Recoveries from Payments 66,750.15
Unreimbursed draws on the Policy for Principal or Interest -
Deposit to Payahead 22,821.43
Payahead Account Interest to Servicer 221.36
Excess 979,423.82
--------------
Net Cash -
==============
Servicing Fee Retained from Interest Collections 232,646.15
<PAGE>
SPREAD ACCOUNT RECONCILIATION
Original Balance 911,978.88
Beginning Balance 2,735,936.64
Trustee Distribution of Excess 979,423.82
Interest Earned 13,442.33
Spread Account Draws -
Reimbursement for Prior Spread Account Draws -
Distribution of Funds to Servicer (992,866.15)
--------------
Ending Balance 2,735,936.64
==============
Required Balance 2,735,936.64
FIRST LOSS PROTECTION AMOUNT RECONCILIATION
Original Balance 14,591,662.08
Beginning Balance 525,265.23
Reduction Due to Spread Account (525,265.23)
Reduction Due to Accelerated Principal -
Reduction Due to Principal Reduction -
--------------
Ending Balance -
==============
First Loss Protection Required Amount -
First Loss Protection Fee % 2.00%
First Loss Protection Fee -
POLICY RECONCILIATION
Original Balance 364,791,551.00
Beginning Balance 269,077,953.02
Draws -
Reimbursement of Prior Draws -
--------------
Ending Balance 269,077,953.02
==============
Adjusted Ending Balance Based Upon Required Balance 261,439,749.57
==============
Required Balance 261,439,749.57
PAYAHEAD RECONCILIATION
Beginning Balance 42,088.66
Deposit 22,821.43
Payahead Interest 221.36
Withdrawal 2,185.53
--------------
Ending Balance 62,945.92
==============
<PAGE>
CURRENT DELINQUENCY
PRINCIPAL % OF ENDING
# PAYMENTS DELINQUENT NUMBER BALANCE POOL BALANCE
--------------------- ------ ------- ------------
1 Payment 318 4,137,808.09 1.52%
2 Payments 192 2,559,428.93 0.94%
3 Payments 78 1,042,263.51 0.38%
--- ------------
Total 588 7,739,500.53 2.85%
=== ============
DELINQUENCY RATE (60+)
RECEIVABLE
END OF PERIOD DELINQUENCY
PERIOD BALANCE POOL BALANCE RATE
------ ------- ------------ -----------
Current 3,601,692.44 271,578,555.83 1.33%
1st Previous 3,367,005.71 279,175,375.31 1.21%
2nd Previous 3,147,112.88 287,450,047.00 1.09%
NET LOSS RATE
<TABLE>
<CAPTION>
DEFAULTED
LIQUIDATION AVERAGE NET LOSS
PERIOD BALANCE PROCEEDS POOL BALANCE (ANNUALIZED)
------ ------- -------- ------------ ------------
<S> <C> <C> <C> <C>
Current 806,313.43 417,930.85 275,376,965.57 1.69%
1st Previous 788,931.80 311,387.72 283,312,711.16 2.02%
2nd Previous 923,028.20 353,502.66 291,194,937.54 2.35%
Gross Cumulative Charge Offs 6,658,311.33 Number of Repossessions 45
Gross Liquidation Proceeds 2,346,354.96 Number of Inventoried Autos EOM 120
Net Cumulative Loss Percentage 1.18% Amount of Inventoried Autos EOM 829,302.00
Net Cumulative Loss Percentage
(adjusted for estimated
future Liquidation Proceeds) 0.95%
Trigger 1.50%
Status OK
</TABLE>
DATE: June 6, 2000 /s/ Diane Slomka
---------------------------------
DIANE SLOMKA
FINANCE OFFICER
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