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MASTER SERVICER'S CERTIFICATE |
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(Delivered pursuant to Section 4.9 |
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of the Master Sale and Servicing Agreement) |
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HOUSEHOLD FINANCE CORPORATION, |
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Master Servicer |
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HOUSEHOLD AUTO RECEIVABLES CORPORATION |
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HOUSEHOLD AUTOMOTIVE TRUST IV |
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Class A Notes, Series 2000-1 |
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1. This Certificate relates to the Distribution Date occurring on |
December 18, 2000 |
2. Series 2000-1 Information |
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(a) The amount of Collected Funds with respect to the Collection Period was equal to |
$30,328,760.09 |
(b) The amount of Available Funds with respect to the Collection Period was equal to |
$30,328,760.09 |
(c) The Liquidated Receivables for the Collection Period was equal to |
$8,417,206.54 |
(d) Net Liquidation Proceeds for the Collection Period was equal to |
$3,653,157.98 |
(i) The annualized net default rate |
7.879283% |
(e) The principal balance of Series 2000-1 Receivables at the beginning |
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of the Collection Period was equal to |
$737,530,795.85 |
(f) The principal balance of Series 2000-1 Receivables on the last day |
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of the Collection Period was equal to |
$713,580,549.07 |
(g) The aggregate outstanding balance of the Series 2000-1 Receivables which were one |
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payment (1-29 days) delinquent as of the close of business on the last day of the |
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Collection Period with respect to such Distribution Date was equal to |
$52,257,000.00 |
(h) The aggregate outstanding balance of the Series 2000-1 Receivables which were two |
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payments (30-59 days) delinquent as of the close of business on the last day of the |
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Collection Period with respect to such Distribution Date was equal to |
$15,923,000.00 |
(i) The aggregate outstanding balance of the Series 2000-1 Receivables which were three or |
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more payments (60+ days) delinquent as of the close of business on the last day of the |
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Collection Period with respect to such Distribution Date was equal to |
$8,682,000.00 |
(j) The Base Servicing Fee paid on the Distribution Date was equal to |
$1,843,826.99 |
(k) The Principal Distributable Amount for the Distribution Date was equal to |
$15,567,660.41 |
(l) The Principal Amount Available for the Distribution Date was equal to |
$27,134,842.10 |
(m) The Aggregate Note Principal Balance was equal to |
$479,395,017.30 |
(n) The Aggregate Optimal Note Principal Balance was equal to |
$463,827,356.89 |
(o) The Targeted Credit Enhancement Amount was equal to |
$271,160,608.65 |
(p) The Targeted Credit Enhancement Amount as a percentage of the Pool |
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Balance on the Distribution Date was equal to |
$0.38 |
(q) The Targeted Reserve Account Balance was equal to |
$21,407,416.47 |
(r) The Reserve Account Deposit Amount for the Distribution Date |
$0.00 |
(s) The Maximum Reserve Account Deposit Amount for the Distribution Date |
$3,184,595.32 |
(t) The Reserve Account Shortfall for the Distribution Date |
$0.00 |
(u) The amount on deposit in the Reserve Account after distributions was equal to |
$21,407,416.47 |
(v) The amount on deposit in the Reserve Account as a percentage of the Pool |
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Balance on the Distribution Date was equal to |
3.000000% |
(w) The Targeted Overcollateralization Amount was equal to |
$249,753,192.18 |
(x) The ending overcollateralization was equal to |
$249,753,192.18 |
(y) The ending overcollateralization as a percentage of the Pool Balance on the |
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Distribution Date was equal to |
35.000000% |
(z) The Weighed Average Coupon (WAC) was equal to |
18.664000% |
(aa) The Weighed Average Remaining Maturity (WAM) was equal to |
50 |
3. Noteholder Information |
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(a) Class A-1 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$0.00000 |
2. Principal Distribution per $1,000 |
$0.00000 |
3. Interest Distribution per $1,000 |
$0.00000 |
B. Calculation of Class A-1 Interest Due |
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1. Class A-1 related Note Rate |
6.090000% |
2. Class A-1 principal balance - beginning of period |
$0.00 |
3. Accrual convention |
Actual/360 |
4. Days in Interest Period |
31 |
5. Class A-1 interest due |
$0.00 |
6. Class A-1 interest paid |
$0.00 |
7. Class A Interest Carryover Shortfall with respect to Class A-1 |
$0.00 |
8. Class A-1 unpaid interest with respect to the Distribution Date |
$0.00 |
C. Calculation of Class A-1 principal balance |
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1. Class A-1 principal balance - beginning of period |
$0.00 |
2. Class A-1 principal - amount due |
$0.00 |
3. Class A-1 principal - amount paid |
$0.00 |
4. Class A-1 principal balance - end of period |
$0.00 |
5. Class A Principal Carryover Shortfall with respect to Class A-1 |
$0.00 |
6. Class A-1 unpaid principal with respect to the Distribution Date |
$0.00 |
7. Class A-1 Notes as a percentage of the total Notes outstanding on the Distribution Date |
0.000000% |
8. Class A-1 Notes as a percentage of the Pool Balance on the Distribution Date |
0.000000% |
(b) Class A-2 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$107.23177 |
2. Principal Distribution per $1,000 |
$101.74941 |
3. Interest Distribution per $1,000 |
$5.48235 |
B. Calculation of Class A-2 Interest Due |
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1. Class A-2 related Note Rate |
6.850000% |
2. Class A-2 principal balance - beginning of period |
$146,943,017.30 |
3. Accrual convention |
30/360 |
4. Days in Interest Period |
31 |
5. Class A-2 interest due |
$838,799.72 |
6. Class A-2 interest paid |
$838,799.72 |
7. Class A Interest Carryover Shortfall with respect to Class A-2 |
$0.00 |
8. Class A-2 unpaid interest with respect to the Distribution Date |
$0.00 |
C. Calculation of Class A-2 principal balance |
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1. Class A-2 principal balance - beginning of period |
$146,943,017.30 |
2. Class A-2 principal - amount due |
$15,567,660.41 |
3. Class A-2 principal - amount paid |
$15,567,660.41 |
4. Class A-2 principal balance - end of period |
$131,375,356.89 |
5. Class A Principal Carryover Shortfall with respect to Class A-2 |
$0.00 |
6. Class A-2 unpaid principal with respect to the Distribution Date |
$0.00 |
7. Class A-2 Notes as a percentage of the total Notes outstanding on the Distribution Date |
28.324193% |
8. Class A-2 Notes as a percentage of the Pool Balance on the Distribution Date |
18.410726% |
9. Class A-1 and A-2 Notes as a percentage of the Pool Balance on the Distribution Date |
18.410726% |
(c) Class A-3 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$6.08333 |
2. Principal Distribution per $1,000 |
$0.00000 |
3. Interest Distribution per $1,000 |
$6.08333 |
B. Calculation of Class A-3 Interest Due |
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1. Class A-3 related Note Rate |
7.300000% |
2. Class A-3 principal balance - beginning of period |
$169,000,000.00 |
3. Accrual convention |
30/360 |
4. Class A-3 interest due |
$1,028,083.33 |
5. Class A-3 interest paid |
$1,028,083.33 |
6. Class A Interest Carryover Shortfall with respect to Class A-3 |
$0.00 |
7. Class A-3 unpaid interest with respect to the Distribution Date |
$0.00 |
C. Calculation of Class A-3 principal balance |
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1. Class A-3 principal balance - beginning of period |
$169,000,000.00 |
2. Class A-3 principal - amount due |
$0.00 |
3. Class A-3 principal - amount paid |
$0.00 |
4. Class A-3 principal balance - end of period |
$169,000,000.00 |
5. Class A Principal Carryover Shortfall with respect to Class A-3 |
$0.00 |
6. Class A-3 unpaid principal with respect to the Distribution Date |
$0.00 |
7. Class A-3 Notes as a percentage of the total Notes outstanding on the Distribution Date |
36.435971% |
8. Class A-3 Notes as a percentage of the Pool Balance on the Distribution Date |
23.683381% |
9. Class A-1, A-2 and A-3 Notes as a percentage of the Pool Balance on the Distribution Date |
42.094107% |
(d) Class A-4 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$6.23333 |
2. Principal Distribution per $1,000 |
$0.00000 |
3. Interest Distribution per $1,000 |
$6.23333 |
B. Calculation of Class A-4 Interest Due |
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1. Class A-4 related Note Rate |
7.480000% |
2. Class A-4 principal balance - beginning of period |
$163,452,000.00 |
3. Accrual convention |
30/360 |
4. Class A-4 interest due |
$1,018,850.80 |
5. Class A-4 interest paid |
$1,018,850.80 |
6. Class A Interest Carryover Shortfall with respect to Class A-4 |
$0.00 |
7. Class A-4 unpaid interest with respect to the Distribution Date |
$0.00 |
C. Calculation of Class A-4 principal balance |
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1. Class A-4 principal balance - beginning of period |
$163,452,000.00 |
2. Class A-4 principal - amount due |
$0.00 |
3. Class A-4 principal - amount paid |
$0.00 |
4. Class A-4 principal balance - end of period |
$163,452,000.00 |
5. Class A Principal Carryover Shortfall with respect to Class A-4 |
$0.00 |
6. Class A-4 unpaid principal with respect to the Distribution Date |
$0.00 |
7. Class A-4. Notes as a percentage of the total Notes outstanding on the Distribution Date |
35.239836% |
8. Class A-4 Notes as a percentage of the Pool Balance on the Distribution Date |
22.905893% |
9. Class A-1, A-2, A-3 and A-4 Notes as a percentage of the Pool Balance on the Distribution Date |
65.000000% |
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