|
|
|
|
|
|
|
|
|
|
Previous: UACSC AUTO TRUSTS UACSC 1999-D OWNER TRUST AUTO REC BAC NOTE, 8-K, 2000-06-22 |
Next: NETMASTER INC, S-8, 2000-06-22 |
UACSC 99-D
UNION ACCEPTANCE CORPORATION
(Servicer)
MAY 2000
<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 10,938,619.11 82,125,000.00 66,050,000.00 77,781,000.00 18,161,808.00
Principal Collections - Scheduled Payments 3,510,925.72 - - - -
Principal Collections - Payoffs 3,159,624.12 - - - -
Principal Withdrawal from Payahead 1,554.43 - - - -
Gross Principal Charge Offs 897,714.40 - - - -
Repurchases - - - - -
Accelerated Principal - - - - -
Principal shortfall, up to Accelerated Principal - - - - -
Total Principal to be Distributed 7,569,818.67 - - - -
------------ ------------- ------------- ------------- -------------
Ending Note Balances 3,368,800.44 82,125,000.00 66,050,000.00 77,781,000.00 18,161,808.00
============ ============= ============= ============= =============
Note Factor 0.0575126 1.0000000 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 255,056,427.11 18,965
Principal Collections - Scheduled Payments 3,510,925.72
Principal Collections - Payoffs 3,159,624.12 350
Principal Withdrawal from Payahead 1,554.43
Gross Principal Charge Offs 897,714.40 65
Repurchases
Accelerated Principal
Principal shortfall, up to Accelerated Principal
Total Principal to be Distributed 7,569,818.67
-------------- ------
Ending Note Balances 247,486,608.44 18,550
============== ======
Note Factor 0.8176164
Interest Rate 6.5758%
<PAGE>
PRINCIPAL BALANCE RECONCILIATION
Original Principal Balance 302,692,808.32
Beginning Period Principal Balance 258,083,355.51
Principal Collections - Scheduled Payments 3,510,925.72
Principal Collections - Payoffs 3,159,624.12
Principal Withdrawal from Payahead 1,554.43
Gross Principal Charge Offs 897,714.40
Repurchases -
--------------
Ending Principal Balance 250,513,536.84
==============
Ending Note Balances 247,486,608.44
==============
Tail not sold 0.32
==============
Cumulative Accelerate Principal 3,026,928.08
==============
CASH FLOW RECONCILIATION
Principal Wired 6,671,677.10
Interest Wired 2,735,366.50
Withdrawal from Payahead Account 1,642.26
Repurchases (Principal and Interest) -
Charge Off Recoveries 311,633.81
Interest Advances 96,040.29
Collection Account Interest Earned 33,798.44
Spread Account Withdrawal -
Policy Draw for Principal or Interest -
--------------
Total Cash Flow 9,850,158.40
==============
TRUSTEE DISTRIBUTION (6/8/00)
Total Cash Flow 9,850,158.40
Unrecovered Advances on Defaulted Receivables 30,172.01
Servicing Fee (Due and Unpaid) 2,522.44
Interest to Class A-1 Noteholders, including any overdue amounts 57,728.94
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 7,569,818.67
Principal to Class A-2 Noteholders, including any overdue amounts -
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 32,944.79
Interest Advance Recoveries from Payments 43,618.86
Unreimbursed draws on the Policy for Principal or Interest -
Deposit to Payahead 1,312.71
Payahead Account Interest to Servicer 72.97
Excess 752,414.01
--------------
Net Cash -
==============
Servicing Fee Retained from Interest Collections 212,547.02
<PAGE>
SPREAD ACCOUNT RECONCILIATION
Original Balance 756,732.02
Beginning Balance 3,026,928.08
Trustee Distribution of Excess 752,414.01
Interest Earned 15,444.00
Spread Account Draws -
Reimbursement for Prior Spread Account Draws -
Distribution of Funds to Servicer (767,858.01)
--------------
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 4,916,991.80
Reduction Due to Spread Account (390,945.93)
Reduction Due to Accelerated Principal -
Reduction Due to Principal Reduction (256,567.81)
--------------
Ending Balance 4,269,478.06
==============
First Loss Protection Required Amount 4,269,478.06
First Loss Protection Fee % 2.00%
First Loss Protection Fee 7,352.99
POLICY RECONCILIATION
Original Balance 302,692,808.00
Beginning Balance 253,692,184.14
Draws -
Reimbursement of Prior Draws -
--------------
Ending Balance 253,692,184.14
==============
Adjusted Ending Balance Based Upon Required Balance 246,089,509.32
==============
Required Balance 246,089,509.32
PAYAHEAD RECONCILIATION
Beginning Balance 14,134.49
Deposit 1,312.71
Payahead Interest 72.97
Withdrawal 1,642.26
--------------
Ending Balance 13,877.91
==============
<PAGE>
CURRENT DELINQUENCY
PRINCIPAL % OF ENDING
# PAYMENTS DELINQUENT NUMBER BALANCE POOL BALANCE
--------------------- ------ ------- ------------
1 Payment 330 3,844,748.79 1.53%
2 Payments 213 2,884,185.78 1.15%
3 Payments 69 912,094.30 0.36%
--- ------------ ----
Total 612 7,641,028.87 3.05%
=== ============
DELINQUENCY RATE (60+)
RECEIVABLE
END OF PERIOD DELINQUENCY
PERIOD BALANCE POOL BALANCE RATE
----------- ------------ -------------- -----------
Current 3,796,280.08 250,513,536.84 1.52%
1st Previous 2,999,706.35 258,083,355.51 1.16%
2nd Previous 2,933,481.95 264,497,550.75 1.11%
NET LOSS RATE
<TABLE>
<CAPTION>
DEFAULTED
LIQUIDATION AVERAGE NET LOSS
PERIOD BALANCE PROCEEDS POOL BALANCE (ANNUALIZED)
<S> <C> <C> <C> <C>
Current 897,714.40 311,633.81 254,298,446.18 2.77%
1st Previous 706,935.36 207,003.92 261,290,453.13 2.30%
2nd Previous 934,269.32 136,095.43 268,465,634.47 3.57%
Gross Cumulative Charge Offs 3,375,490.99 Number of Repossessions 52
Gross Liquidation Proceeds 692,108.80 Number of Inventoried Autos EOM 131
Net Cumulative Loss Percentage 0.89% Amount of Inventoried Autos EOM 872,200.00
Net Cumulative Loss Percentage
(adjusted for estimated
future Liquidation Proceeds) 0.60%
Trigger 1.50%
Status OK
</TABLE>
EXCESS YIELD TRIGGER
EXCESS YIELD
EXCESS END OF PERIOD PERCENTAGE
PERIOD YIELD POOL BALANCE (ANNUALIZED)
------ ----- ------------ ------------
Current 830,113.00 247,486,608.44 4.03%
1st Previous 637,606.11 255,056,427.11 3.00%
2nd Previous 575,521.09 261,470,622.35 2.64%
3rd Previous 1,461,979.29 269,406,789.78 6.51%
4th Previous 1,529,321.81 275,907,866.68 6.65%
5th Previous 1,602,355.82 284,032,353.61 6.77%
CURRENT
LEVEL TRIGGER STATUS
----- ------- ------
Six Month Average Excess Yield 4.93% 1.50% OK
Trigger Hit in Current or any Previous Month NO
DATE: June 6, 2000 /s/ Ashley Vukovits
---------------------------------
ASHLEY VUKOVITS
FINANCE OFFICER
|
|