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Previous: UACSC AUTO TRUSTS UACSC 1999-D OWNER TRUST AUTO REC BAC NOTE, 10-K405, 2000-09-28 |
Next: UACSC AUTO TRUSTS UACSC 1999-D OWNER TRUST AUTO REC BAC NOTE, 15-15D, 2000-09-28 |
UACSC 99-D
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 58,575,000.00 82,125,000.00 66,050,000.00 77,781,000.00 18,161,808.00
Beginning Period Note Balances 3,368,800.44 82,125,000.00 66,050,000.00 77,781,000.00 18,161,808.00
Principal Collections - Scheduled Payments 3,289,546.88 - - - -
Principal Collections - Payoffs 79,253.56 2,438,250.34 - - -
Principal Withdrawal from Payahead - 593.97 - - -
Gross Principal Charge Offs - 737,346.42 - - -
Repurchases - 5,870.30 - - -
Accelerated Principal - - - - -
Principal shortfall, up to Accelerated Principal - - - - -
Total Principal to be Distributed 3,368,800.44 3,182,061.03 - - -
------------- ------------- ------------- ------------- -------------
Ending Note Balances 0.00 78,942,938.97 66,050,000.00 77,781,000.00 18,161,808.00
============= ============= ============= ============= =============
Note Factor 0.0000000 0.9612534 1.0000000 1.0000000 1.0000000
Interest Rate 6.12875% 6.4500% 6.6700% 6.850% 7.070%
</TABLE>
NOTE BALANCE RECONCILIATION NUMBERS
TOTAL
-------------- ------
Original Note Balances 302,692,808.00 24,594
Beginning Period Note Balances 247,486,608.44 18,550
Principal Collections - Scheduled Payments 3,289,546.88
Principal Collections - Payoffs 2,517,503.90 293
Principal Withdrawal from Payahead 593.97
Gross Principal Charge Offs 737,346.42 53
Repurchases 5,870.30 1
Accelerated Principal
Principal shortfall, up to Accelerated Principal
Total Principal to be Distributed 6,550,861.47
-------------- ------
Ending Note Balances 240,935,746.97 18,203
============== ======
Note Factor 0.7959745
Interest Rate 6.5758%
<PAGE>
PRINCIPAL BALANCE RECONCILIATION
Original Principal Balance 302,692,808.32
Beginning Period Principal Balance 250,513,536.84
Principal Collections - Scheduled Payments 3,289,546.88
Principal Collections - Payoffs 2,517,503.90
Principal Withdrawal from Payahead 593.97
Gross Principal Charge Offs 737,346.42
Repurchases 5,870.30
--------------
Ending Principal Balance 243,962,675.37
==============
Ending Note Balances 240,935,746.97
==============
Tail not sold 0.32
==============
Cumulative Accelerate Principal 3,026,928.08
==============
CASH FLOW RECONCILIATION
Principal Wired 5,807,766.01
Interest Wired 2,617,531.50
Withdrawal from Payahead Account 793.27
Repurchases (Principal and Interest) 5,891.85
Charge Off Recoveries 370,522.84
Interest Advances 98,338.35
Collection Account Interest Earned 30,648.56
Spread Account Withdrawal -
Policy Draw for Principal or Interest -
--------------
Total Cash Flow 8,931,492.38
==============
TRUSTEE DISTRIBUTION (7/10/00)
Total Cash Flow 8,931,492.38
Unrecovered Advances on Defaulted Receivables 22,761.09
Servicing Fee (Due and Unpaid) -
Interest to Class A-1 Noteholders, including any overdue amounts 18,352.48
Interest to Class A-2 Noteholders, including any overdue amounts 441,421.88
Interest to Class A-3 Noteholders, including any overdue amounts 367,127.92
Interest to Class A-4 Noteholders, including any overdue amounts 443,999.88
Interest to Class B Noteholders, including any overdue amounts 107,003.32
Principal to Class A-1 Noteholders, including any overdue amounts 3,368,800.44
Principal to Class A-2 Noteholders, including any overdue amounts 3,182,061.03
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 30,935.83
Interest Advance Recoveries from Payments 55,759.57
Unreimbursed draws on the Policy for Principal or Interest -
Deposit to Payahead 831.22
Payahead Account Interest to Servicer 74.01
Excess 892,363.71
--------------
Net Cash -
==============
Servicing Fee Retained from Interest Collections 208,761.28
<PAGE>
SPREAD ACCOUNT RECONCILIATION
Original Balance 756,732.02
Beginning Balance 3,026,928.08
Trustee Distribution of Excess 892,363.71
Interest Earned 16,075.95
Spread Account Draws -
Reimbursement for Prior Spread Account Draws -
Distribution of Funds to Servicer (908,439.66)
--------------
Ending Balance 3,026,928.08
==============
Required Balance 3,026,928.08
FIRST LOSS PROTECTION AMOUNT RECONCILIATION
Original Balance 12,107,712.33
Beginning Balance 4,269,478.06
Reduction Due to Spread Account (0.00)
Reduction Due to Accelerated Principal -
Reduction Due to Principal Reduction (302,792.75)
--------------
Ending Balance 3,966,685.31
==============
First Loss Protection Required Amount 3,966,685.31
First Loss Protection Fee % 2.00%
First Loss Protection Fee 6,611.14
POLICY RECONCILIATION
Original Balance 302,692,808.00
Beginning Balance 246,089,509.32
Draws -
Reimbursement of Prior Draws -
--------------
Ending Balance 246,089,509.32
==============
Adjusted Ending Balance Based Upon Required Balance 239,495,485.65
==============
Required Balance 239,495,485.65
PAYAHEAD RECONCILIATION
Beginning Balance 13,877.91
Deposit 831.22
Payahead Interest 74.01
Withdrawal 793.27
--------------
Ending Balance 13,989.87
==============
<PAGE>
CURRENT DELINQUENCY
PRINCIPAL % OF ENDING
# PAYMENTS DELINQUENT NUMBER BALANCE POOL BALANCE
--------------------- ------ ------- ------------
1 Payment 323 3,873,504.76 1.59%
2 Payments 208 2,835,047.38 1.16%
3 Payments 112 1,487,380.37 0.61%
--- ------------
Total 643 8,195,932.51 3.36%
=== ============
DELINQUENCY RATE (60+)
RECEIVABLE
END OF PERIOD DELINQUENCY
PERIOD BALANCE POOL BALANCE RATE
------ ------- ------------ ----
Current 4,322,427.75 243,962,675.37 1.77%
1st Previous 3,796,280.08 250,513,536.84 1.52%
2nd Previous 2,999,706.35 258,083,355.51 1.16%
NET LOSS RATE
<TABLE>
<CAPTION>
DEFAULTED
LIQUIDATION AVERAGE NET LOSS
PERIOD BALANCE PROCEEDS POOL BALANCE (ANNUALIZED)
------ ------- -------- ------------ ------------
<S> <C> <C> <C> <C>
Current 737,346.42 370,522.84 247,238,106.11 1.78%
1st Previous 897,714.40 311,633.81 254,298,446.18 2.77%
2nd Previous 706,935.36 207,003.92 261,290,453.13 2.30%
Gross Cumulative Charge Offs 4,112,837.41 Number of Repossessions 50
Gross Liquidation Proceeds 1,062,631.64 Number of Inventoried Autos EOM 119
Net Cumulative Loss Percentage 1.01% Amount of Inventoried Autos EOM 855,300.00
Net Cumulative Loss Percentage
(adjusted for estimated
future Liquidation Proceeds) 0.73%
Trigger 1.50%
Status OK
</TABLE>
EXCESS YIELD TRIGGER
EXCESS YIELD
EXCESS END OF PERIOD PERCENTAGE
PERIOD YIELD POOL BALANCE (ANNUALIZED)
------ ----- ------------ ------------
Current 971,789.60 240,935,746.97 4.84%
1st Previous 830,113.00 247,486,608.44 4.03%
2nd Previous 637,606.11 255,056,427.11 3.00%
3rd Previous 575,521.09 261,470,622.35 2.64%
4th Previous 1,461,979.29 269,406,789.78 6.51%
5th Previous 1,529,321.81 275,907,866.68 6.65%
CURRENT
LEVEL TRIGGER STATUS
----- ------- ------
Six Month Average Excess Yield 4.61% 1.50% OK
Trigger Hit in Current or any Previous Month NO
DATE: June 6, 2000 /s/ Diane Slomka
---------------------------------
DIANE SLOMKA
FINANCE OFFICER
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