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Previous: UACSC 2000-A OWNER TRUST AUTO REC BACKED NOTES, 8-K, 2000-06-22 |
Next: CLICKSERVICE SOFTWARE LTD, POS AM, 2000-06-22 |
UACSC 2000-A
UNION ACCEPTANCE CORPORATION
(Servicer)
May 2000
<TABLE>
<CAPTION>
NOTE BALANCE RECONCILIATION DOLLARS
CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Original Note Balances 30,000,000.00 90,425,000.00 88,175,000.00 57,158,000.00
Beginning Period Note Balances 3,370,682.71 90,425,000.00 88,175,000.00 57,158,000.00
Principal Collections - Scheduled Payments 3,370,682.71 470,899.63 - -
Principal Collections - Payoffs - 2,941,165.01 - -
Principal Withdrawal from Payahead - 2,264.29 - -
Gross Principal Charge Offs - 414,249.39 - -
Repurchases - 1,854.11 - -
Accelerated Principal - 444,544.86 - -
Principal shortfall, up to Accelerated Principal - - - -
Total Principal to be Distributed 3,370,682.71 4,274,977.29 - -
------------- ------------- ------------- -------------
Ending Note Balances 0.00 86,150,022.71 88,175,000.00 57,158,000.00
============= ============= ============= =============
Note Factor 0.0000000 0.9527235 1.0000000 1.0000000
Interest Rate 5.99250% 6.7200% 7.2700% 7.440%
</TABLE>
<TABLE>
<CAPTION>
NOTE BALANCE RECONCILIATION NUMBERS
CLASS B TOTAL
------------- -------------- ------
<S> <C> <C> <C>
Original Note Balances 16,963,339.00 282,721,339.00 19,851
Beginning Period Note Balances 16,963,339.00 256,092,021.71 18,615
Principal Collections - Scheduled Payments - 3,841,582.34
Principal Collections - Payoffs - 2,941,165.01 374
Principal Withdrawal from Payahead - 2,264.29
Gross Principal Charge Offs - 414,249.39 25
Repurchases - 1,854.11 1
Accelerated Principal - 444,544.86
Principal shortfall, up to Accelerated Principal -
Total Principal to be Distributed - 7,645,660.00
------------- -------------- ------
Ending Note Balances 16,963,339.00 248,446,361.71 18,215
============= ============== ======
Note Factor 1.0000000 0.8787676
Interest Rate 7.570% 7.0109%
</TABLE>
<PAGE>
PRINCIPAL BALANCE RECONCILIATION
Original Principal Balance 282,721,339.93
Beginning Period Principal Balance 258,474,691.17
Principal Collections - Scheduled Payments 3,841,582.34
Principal Collections - Payoffs 2,941,165.01
Principal Withdrawal from Payahead 2,264.29
Gross Principal Charge Offs 414,249.39
Repurchases 1,854.11
--------------
Ending Principal Balance 251,273,576.03
==============
Ending Note Balances 248,446,361.71
==============
Tail not sold 0.93
==============
Cumulative Accelerate Principal 2,827,213.39
==============
CASH FLOW RECONCILIATION
Principal Wired 6,785,963.66
Interest Wired 2,719,381.80
Withdrawal from Payahead Account 2,426.85
Repurchases (Principal and Interest) 1,856.43
Charge Off Recoveries 34,386.17
Interest Advances 51,554.98
Collection Account Interest Earned 34,503.18
Spread Account Withdrawal -
Policy Draw for Principal or Interest -
--------------
Total Cash Flow 9,630,073.07
==============
TRUSTEE DISTRIBUTION(6/8/00)
Total Cash Flow 9,630,073.07
Unrecovered Advances on Defaulted Receivables 14,077.15
Servicing Fee (Due and Unpaid) 1,264.36
Interest to Class A-1 Noteholders, including any overdue amounts 17,393.43
Interest to Class A-2 Noteholders, including any overdue amounts 506,380.00
Interest to Class A-3 Noteholders, including any overdue amounts 534,193.54
Interest to Class A-4 Noteholders, including any overdue amounts 354,379.60
Interest to Class B Noteholders, including any overdue amounts 107,010.40
Principal to Class A-1 Noteholders, including any overdue amounts 3,370,682.71
Principal to Class A-2 Noteholders, including any overdue amounts 4,274,977.29
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 35,283.79
Interest Advance Recoveries from Payments 29,999.33
Unreimbursed draws on the Policy for Principal or Interest -
Deposit to Payahead 3,346.11
Payahead Account Interest to Servicer 37.39
Excess 381,047.97
--------------
Net Cash -
==============
Servicing Fee Retained from Interest Collections 214,131.22
<PAGE>
SPREAD ACCOUNT RECONCILIATION
Original Balance 2,120,410.05
Beginning Balance 2,146,412.26
Trustee Distribution of Excess 381,047.97
Interest Earned 10,900.14
Spread Account Draws -
Reimbursement for Prior Spread Account Draws -
Distribution of Funds to Servicer -
--------------
Ending Balance 2,538,360.37
==============
Required Balance 3,534,016.75
FIRST LOSS PROTECTION AMOUNT RECONCILIATION
Original Balance 14,136,067.00
Beginning Balance 9,612,812.90
Reduction Due to Spread Account (10,484.71)
Reduction Due to Accelerated Principal (865,447.59)
Reduction Due to Principal Reduction (342,226.80)
--------------
Ending Balance 8,394,653.80
==============
First Loss Protection Required Amount 8,394,653.77
First Loss Protection Fee % 2.00%
First Loss Protection Fee 14,457.46
POLICY RECONCILIATION
Original Balance 282,721,339.00
Beginning Balance 255,720,317.49
Draws -
Reimbursement of Prior Draws -
--------------
Ending Balance 255,720,317.49
==============
Adjusted Ending Balance Based Upon Required Balance 247,641,489.53
==============
Required Balance 247,641,489.53
PAYAHEAD RECONCILIATION
Beginning Balance 6,813.19
Deposit 3,346.11
Payahead Interest 37.39
Withdrawal 2,426.85
--------------
Ending Balance 7,769.84
==============
<PAGE>
CURRENT DELINQUENCY
PRINCIPAL % OF ENDING
# PAYMENTS DELINQUENT NUMBER BALANCE POOL BALANCE
--------------------- ------ ------------ ------------
1 Payment 194 2,188,930.20 0.87%
2 Payments 89 1,240,199.46 0.49%
3 Payments 44 593,670.40 0.24%
--- ------------ ----
Total 327 4,022,800.06 1.60%
=== ============
DELINQUENCY RATE (60+)
RECEIVABLE
END OF PERIOD DELINQUENCY
PERIOD BALANCE POOL BALANCE RATE
------ ------------ -------------- -----------
Current 1,833,869.86 251,273,576.03 0.73%
1st Previous 1,495,398.68 258,474,691.17 0.58%
2nd Previous 738,717.65 265,319,227.17 0.28%
NET LOSS RATE
<TABLE>
<CAPTION>
DEFAULTED
LIQUIDATION AVERAGE NET LOSS
PERIOD BALANCE PROCEEDS POOL BALANCE (ANNUALIZED)
------ ------- -------- ------------ ------------
<S> <C> <C> <C> <C>
Current 414,249.39 34,386.17 254,874,133.60 1.79%
1st Previous 145,915.23 3,659.75 261,896,959.17 0.65%
2nd Previous 31,404.56 5,819.29 269,382,749.16 0.11%
Gross Cumulative Charge Offs 608,005.16 Number of Repossessions 24
Gross Liquidation Proceeds 44,112.17 Number of Inventoried Autos EOM 33
Net Cumulative Loss Percentage 0.20% Amount of Inventoried Autos EOM 241,100.00
Net Cumulative Loss Percentage
(adjusted for estimated
future Liquidation Proceeds) 0.11%
Trigger 0.60%
Status OK
</TABLE>
EXCESS YIELD TRIGGER
EXCESS YIELD
EXCESS END OF PERIOD PERCENTAGE
PERIOD YIELD POOL BALANCE (ANNUALIZED)
------ ----- ------------ ------------
Current 874,317.17 248,446,361.71 4.22%
1st Previous 892,742.03 256,092,021.71 4.18%
2nd Previous 1,280,574.73 263,802,005.30 5.83%
3rd Previous 262,842.65 273,190,440.52 1.15%
4th Previous - - 0.00%
5th Previous - - 0.00%
CURRENT
LEVEL TRIGGER STATUS
----- ------- ------
Six Month Average Excess Yield N/A 1.50% N/A
Trigger Hit in Current or any Previous Month NO
DATE: June 6, 2000 /s/ Ashley Vukovits
---------------------------------
ASHLEY VUKOVITS
FINANCE OFFICER
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