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Previous: ASSOCIATES CREDIT CARD RECEIVABLES CORP, 8-K, EX-20.1, 2000-12-28 |
Next: PIONEER SCIENCE & TECHNOLOGY FUND, 24F-2NT, 2000-12-28 |
<PAGE> 1
<TABLE>
<CAPTION>
SERVICER'S REPORT CONFIDENTIAL
INTEREST PERIOD: NOVEMBER 17, 2000 TO DECEMBER 17, 2000 DATE OF REPORT: DECEMBER 15, 2000
ASSOCIATES CREDIT CARD MASTER NOTE TRUST, SERIES 2000-2
MONTHLY MASTER NOTE CLASS A CLASS B CLASS C TOTAL SERIES TRANSFEROR TRUST
TRUST ACTIVITIES NOTE NOTE NOTE NOTE INTEREST TOTALS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Beginning Principal
Receivables Balance 6,959,262,231.09
Beginning Fin. Chrg.
Receivables Balance 390,624,587.13
Beginning Total
Receivables Balance 7,349,886,818.20
Beginning Special
Funding Accnt Balance 0.00
Beginning Spread
Account Balance 0.00
Beginning Reserve
Account Balance 0.00
Initial Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00
Beginning Period
Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00 1,375,424,831.09
Note Principal
Balance Increase 0.00 0.00 0.00 0.00
Note Principal
Balance Decrease 0.00 0.00 0.00 0.00
Reductions in Invested
Amount this Period
(Other than by
Principal Payments) 0.00 0.00 0.00 0.00
Previous Reductions
in Invested Amount
Reimbursed this Period 0.00 0.00 0.00 0.00
Ending Special Funding
Accnt Balance 0.00
Ending Spread
Account Balance 0.00
Ending Reserve
Account Balance 0.00
Ending Period
Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00 1,446,847,704.58
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
GROUP I INFORMATION SERIES 2000-98-1 SERIES 2000-98-2 SERIES 2000-99-1 SERIES 2000-99-2 SERIES 2000-99-3
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Beginning Invested Amount 882,500,000.00 823,628,000.00 705,882,000.00 529,412,400.00 264,706,000.00
Average Rate 6.94% 6.95% 6.98% 6.90% 6.93%
Allocable Finance Charge
Collections 18,367,398.74 17,142,100.72 14,691,463.06 11,018,616.03 5,509,303.85
Allocable Principal
Collections 77,591,068.70 72,414,931.14 62,062,480.18 46,546,939.26 23,273,452.05
Allocable Default
Amount Due 7,275,679.48 6,790,315.39 5,819,570.74 4,364,685.48 2,182,341.09
Allocable Monthly
Interest Due 5,277,441.63 4,930,858.18 4,245,064.88 3,143,692.49 1,579,375.97
Allocable Monthly
Servicing Fees Due 1,470,833.33 1,372,713.33 1,176,470.00 882,354.00 441,176.67
Ending Invested Amount 882,500,000.00 823,628,000.00 705,882,000.00 529,412,400.00 264,706,000.00
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
GROUP I INFORMATION SERIES 2000-99-4 SERIES 2000-1 SERIES 2000-2 TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Beginning Invested Amount 588,235,000.00 1,000,000,000.00 789,474,000.00 5,583,837,400.00
Average Rate 7.01% 6.85% 6.83% 6.92%
Allocable Finance Charge
Collections 12,242,885.89 20,812,916.41 16,431,256.37 116,215,941.07
Allocable Principal
Collections 51,718,733.48 87,921,890.88 69,412,046.88 490,941,542.56
Allocable Default
Amount Due 4,849,642.29 8,244,396.01 6,508,736.29 46,035,366.76
Allocable Monthly
Interest Due 3,552,494.52 5,900,957.64 4,645,736.12 33,275,621.43
Allocable Monthly
Servicing Fees Due 980,391.67 1,666,666.67 1,315,790.00 9,306,395.67
Ending Invested Amount 588,235,000.00 1,000,000,000.00 789,474,000.00 5,583,837,400.00
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
PAYOUT EVENT TESTS
------------------------------------------------------------------------------------------------------------------------------------
BASE RATE TRIGGER TRANSFEROR'S INTEREST TRIGGER
----------------- -----------------------------
<S> <C> <C> <C>
3 Month Average Portfolio Yield 17.77% Required Transferor Interest 492,147,957.32
3 Month Average Base Rate 5.89% Transferor Interest 1,446,847,704.58
Spread 11.87% Trigger Pass Test Yes
Trigger Pass Test: If Spread is >0, "Yes" Yes
</TABLE>
<PAGE> 2
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Cash Reconciliation
Dec-00
<TABLE>
<CAPTION>
GROUP 1 Coupon Rate Balance Interest Payments
----------------- ----------------- -----------------
<S> <C> <C> <C>
Series 2000-98-1, Class A 6.84% $ 662,500,000.00 $ 3,904,145.20
Series 2000-98-1, Class B 7.07% $ 87,500,000.00 $ 532,428.43
Series 2000-98-1, Class C 7.37% $ 132,500,000.00 $ 840,868.00
Series 2000-98-2, Class A 6.85% $ 617,647,000.00 $ 3,644,727.99
Series 2000-98-2, Class B 7.07% $ 82,353,000.00 $ 501,565.44
Series 2000-98-2, Class C 7.37% $ 123,628,000.00 $ 784,564.75
Series 2000-99-1, Class A 6.89% $ 529,412,000.00 $ 3,142,027.14
Series 2000-99-1, Class B 7.09% $ 70,588,000.00 $ 431,092.19
Series 2000-99-1, Class C 7.37% $ 105,882,000.00 $ 671,945.55
Series 2000-99-2, Class A 6.78% $ 397,058,400.00 $ 2,317,201.94
Series 2000-99-2, Class B 7.07% $ 52,941,600.00 $ 322,525.67
Series 2000-99-2, Class C 7.37% $ 79,412,400.00 $ 503,964.88
Series 2000-99-3, Class A 6.85% $ 198,500,000.00 $ 1,171,057.19
Series 2000-99-3, Class B 6.85% $ 26,500,000.00 $ 156,337.61
Series 2000-99-3, Class C 7.37% $ 39,706,000.00 $ 251,981.17
Series 2000-99-4, Class A 6.92% $ 441,176,000.00 $ 2,629,076.42
Series 2000-99-4, Class B 7.18% $ 58,824,000.00 $ 363,463.47
Series 2000-99-4, Class C 7.37% $ 88,235,000.00 $ 559,954.63
Series 2000-1, Class A 6.74% $ 760,000,000.00 $ 4,414,064.17
Series 2000-1, Class B 6.96% $ 102,500,000.00 $ 614,294.60
Series 2000-1, Class C 7.37% $ 137,500,000.00 $ 872,598.87
Series 2000-2, Class A 6.72% $ 600,000,000.00 $ 3,471,870.83
Series 2000-2, Class B 6.96% $ 80,921,000.00 $ 484,969.11
Series 2000-2, Class C 7.37% $ 108,553,000.00 $ 688,896.18
----------------- ----------------- -----------------
Weighted Average Coupon of all Notes 6.92% $5,583,837,400.00 $ 33,275,621.43
================= ================= =================
Weighted Average Coupon of 6.84% $4,768,421,000.00
Class A and Class B Notes ================= =================
</TABLE>
Current Transaction Period: Revolving Period
<TABLE>
<CAPTION>
CASH FLOW REQUIREMENTS SERIES 2000-98-1
---------------------- --------------------------------------------------------------------------
Class A Class B Class C Total
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
Principal Distribution Due this Period $ -- $ -- $ -- $ --
Interest Distribution Due this Period $ 3,904,145.20 $ 532,428.43 $ 840,868.00 $ 5,277,441.63
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $ 1,470,833.33 $ 1,470,833.33
-------------- -------------- -------------- --------------
Total Required Distribution $ 3,904,145.20 $ 532,428.43 $ 2,311,701.33 $ 6,748,274.96
============== ============== ============== ==============
Total Required Distribution to Class A & Class B investors $ 4,436,573.63
</TABLE>
<TABLE>
<CAPTION>
SERIES 2000-98-2
----------------------------------------------------------------------
Class A Class B Class C Total
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Principal Distribution Required Amount $ -- $ -- $ -- $ --
Interest Distribution Required Amount $3,644,727.99 $ 501,565.44 $ 784,564.75 $4,930,858.18
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $1,372,713.33 $1,372,713.33
------------- ------------- ------------- -------------
Total Required Distribution $3,644,727.99 $ 501,565.44 $2,157,278.08 $6,303,571.51
============= ============= ============= =============
Total Required Distribution to Class A & Class B investors $4,146,293.43
</TABLE>
<TABLE>
<CAPTION>
SERIES 2000-99-1
----------------------------------------------------------------------
Class A Class B Class C Total
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Principal Distribution Required Amount $ -- $ -- $ -- $ --
Interest Distribution Required Amount $3,142,027.14 $ 431,092.19 $ 671,945.55 $4,245,064.88
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $1,176,470.00 $1,176,470.00
------------- ------------- ------------- -------------
Total Required Distribution $3,142,027.14 $ 431,092.19 $1,848,415.55 $5,421,534.88
============= ============= ============= =============
Total Required Distribution to Class A & Class B investors $3,573,119.33
</TABLE>
<TABLE>
<CAPTION>
SERIES 2000-99-2
----------------------------------------------------------------------
Class A Class B Class C Total
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Principal Distribution Required Amount $ -- $ -- $ -- $ --
Interest Distribution Required Amount $2,317,201.94 $ 322,525.67 $ 503,964.88 $3,143,692.49
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $ 882,354.00 $ 882,354.00
------------- ------------- ------------- -------------
Total Required Distribution $2,317,201.94 $ 322,525.67 $1,386,318.88 $4,026,046.49
============= ============= ============= =============
Total Required Distribution to Class A & Class B investors $2,639,727.61
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
SERIES 2000-99-3
----------------------------------------------------------------------
Class A Class B Class C Total
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Principal Distribution Required Amount $ -- $ -- $ -- $ --
Interest Distribution Required Amount $1,171,057.19 $ 156,337.61 $ 251,981.17 $1,579,375.97
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $ 441,176.67 $ 441,176.67
------------- ------------- ------------- -------------
Total Required Distribution $1,171,057.19 $ 156,337.61 $ 693,157.84 $2,020,552.64
============= ============= ============= =============
Total Required Distribution to Class A & Class B investors $1,327,394.80
</TABLE>
<TABLE>
<CAPTION>
SERIES 2000-99-4
----------------------------------------------------------------------
Class A Class B Class C Total
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Principal Distribution Required Amount $ -- $ -- $ -- $ --
Interest Distribution Required Amount $2,629,076.42 $ 363,463.47 $ 559,954.63 $3,552,494.52
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $ 980,391.67 $ 980,391.67
------------- ------------- ------------- -------------
Total Required Distribution $2,629,076.42 $ 363,463.47 $1,540,346.30 $4,532,886.19
============= ============= ============= =============
Total Required Distribution to Class A & Class B investors $2,992,539.89
</TABLE>
<TABLE>
<CAPTION>
SERIES 2000-1
----------------------------------------------------------------------
Class A Class B Class C Total
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Principal Distribution Required Amount $ -- $ -- $ -- $ --
Interest Distribution Required Amount $4,414,064.17 $ 614,294.60 $ 872,598.87 $5,900,957.64
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $1,666,666.67 $1,666,666.67
------------- ------------- ------------- -------------
Total Required Distribution $4,414,064.17 $ 614,294.60 $2,539,265.54 $7,567,624.31
============= ============= ============= =============
Total Required Distribution to Class A & Class B investors $5,028,358.77
</TABLE>
<TABLE>
<CAPTION>
SERIES 2000-2
----------------------------------------------------------------------
Class A Class B Class C Total
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Principal Distribution Required Amount $ -- $ -- $ -- $--
Interest Distribution Required Amount $3,471,870.83 $ 484,969.11 $ 688,896.18 $4,645,736.12
Unpaid Principal Shortfalls paid this Period $ -- $ -- $ -- $ --
Unpaid Interest Shortfalls paid this Period $ -- $ -- $ -- $ --
Prepayable Interest $ -- $ -- $ -- $ --
Servicing Fee $1,315,790.00 $1,315,790.00
------------- ------------- ------------- -------------
Total Required Distribution $3,471,870.83 $ 484,969.11 $2,004,686.18 $5,961,526.12
============= ============= ============= =============
Total Required Distribution to Class A & Class B investors $3,956,839.94
</TABLE>
<TABLE>
<S> <C>
CASH DISBURSEMENTS
Servicer Payment to trustee for Series 2000-98-1 $ 5,277,441.63
Servicer Payment to trustee for Series 2000-98-2 $ 4,930,858.18
Servicer Payment to trustee for Series 2000-99-1 $ 4,245,064.88
Servicer Payment to trustee for Series 2000-99-2 $ 3,143,692.49
Servicer Payment to trustee for Series 2000-99-3 $ 1,579,375.97
Servicer Payment to trustee for Series 2000-99-4 $ 3,552,494.52
Servicer Payment to trustee for Series 2000-1 $ 5,900,957.64
Servicer Payment to trustee for Series 2000-2 $ 4,645,736.12
---------------
Total Servicer Payment to trustee for all Series' $ 33,275,621.43
===============
Trustee Payment to Series 2000-98-1 Class C $ 840,868.00
Trustee Payment to Series 2000-98-2 Class C $ 784,564.75
Trustee Payment to Series 2000-99-1 Class C $ 671,945.55
Trustee Payment to Series 2000-99-2 Class C $ 503,964.88
Trustee Payment to Series 2000-99-3 Class C $ 251,981.17
Trustee Payment to Series 2000-99-4 Class C $ 559,954.63
Trustee Payment to Series 2000-1 Class C $ 872,598.87
Trustee Payment to Series 2000-2 Class C $ 688,896.18
---------------
Total Trustee Payment to all Class C Investor's $ 5,174,774.03
===============
</TABLE>
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