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Previous: HOUSEHOLD AUTOMOTIVE TRUST V SERIES 2000 2, 8-K, 2000-11-28 |
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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 V |
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Class A Notes, Series 2000-2 |
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1. This Certificate relates to the Distribution Date occurring on |
November 17, 2000 |
2. Series 2000-2 Information |
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(a) The amount of Collected Funds with respect to the Collection Period was equal to |
$29,372,586.18 |
(b) The amount of Available Funds with respect to the Collection Period was equal to |
$29,385,711.60 |
(c) The Liquidated Receivables for the Collection Period was equal to |
$6,487,950.39 |
(d) Net Liquidation Proceeds for the Collection Period was equal to |
$2,133,911.44 |
(i) The annualized net default rate |
5.828674% |
(e) The principal balance of Series 2000-2 Receivables at the beginning |
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of the Collection Period was equal to |
$906,663,416.62 |
(f) The principal balance of Series 2000-2 Receivables on the last day |
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of the Collection Period was equal to |
$886,144,524.70 |
(g) The aggregate outstanding balance of the Series 2000-2 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 |
$57,499,000.00 |
(h) The aggregate outstanding balance of the Series 2000-2 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 |
$19,015,000.00 |
(i) The aggregate outstanding balance of the Series 2000-2 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 |
$7,973,000.00 |
(j) The Base Servicing Fee paid on the Distribution Date was equal to |
$2,266,658.54 |
(k) The Principal Distributable Amount for the Distribution Date was equal to |
$13,337,279.75 |
(l) The Principal Amount Available for the Distribution Date was equal to |
$25,624,592.50 |
(m) The Aggregate Note Principal Balance was equal to |
$589,331,220.80 |
(n) The Aggregate Optimal Note Principal Balance was equal to |
$575,993,941.06 |
(o) The Targeted Credit Enhancement Amount was equal to |
$336,734,919.39 |
(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 |
$26,584,335.74 |
(r) The Reserve Account Deposit Amount for the Distribution Date |
$0.00 |
(s) The Maximum Reserve Account Deposit Amount for the Distribution Date |
$5,105,700.58 |
(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 |
$26,584,335.74 |
(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 |
$310,150,583.65 |
(x) The ending overcollateralization was equal to |
$310,150,583.65 |
(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 |
18.439000% |
(aa) The Weighed Average Remaining Maturity (WAM) was equal to |
57 |
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 |
$96.43141 |
2. Principal Distribution per $1,000 |
$93.26769 |
3. Interest Distribution per $1,000 |
$3.16372 |
B. Calculation of Class A-1 Interest Due |
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1. Class A-1 related Note Rate |
6.812500% |
2. Class A-1 principal balance - beginning of period |
$77,120,220.80 |
3. Accrual convention |
Actual/360 |
4. Days in Interest Period |
31 |
5. Class A-1 interest due |
$452,411.85 |
6. Class A-1 interest paid |
$452,411.85 |
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 |
$77,120,220.80 |
2. Class A-1 principal - amount due |
$13,337,279.75 |
3. Class A-1 principal - amount paid |
$13,337,279.75 |
4. Class A-1 principal balance - end of period |
$63,782,941.06 |
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 |
11.073544% |
8. Class A-1 Notes as a percentage of the Pool Balance on the Distribution Date |
7.197803% |
(b) Class A-2 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$6.00833 |
2. Principal Distribution per $1,000 |
$0.00000 |
3. Interest Distribution per $1,000 |
$6.00833 |
B. Calculation of Class A-2 Interest Due |
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1. Class A-2 related Note Rate |
7.210000% |
2. Class A-2 principal balance - beginning of period |
$157,000,000.00 |
3. Accrual convention |
30/360 |
4. Days in Interest Period |
31 |
5. Class A-2 interest due |
$943,308.33 |
6. Class A-2 interest paid |
$943,308.33 |
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 |
$157,000,000.00 |
2. Class A-2 principal - amount due |
$0.00 |
3. Class A-2 principal - amount paid |
$0.00 |
4. Class A-2 principal balance - end of period |
$157,000,000.00 |
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 |
27.257231% |
8. Class A-2 Notes as a percentage of the Pool Balance on the Distribution Date |
17.717200% |
9. Class A-1 and A-2 Notes as a percentage of the Pool Balance on the Distribution Date |
24.915004% |
(c) Class A-3 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$6.11667 |
2. Principal Distribution per $1,000 |
$0.00000 |
3. Interest Distribution per $1,000 |
$6.11667 |
B. Calculation of Class A-3 Interest Due |
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1. Class A-3 related Note Rate |
7.340000% |
2. Class A-3 principal balance - beginning of period |
$172,000,000.00 |
3. Accrual convention |
30/360 |
4. Class A-3 interest due |
$1,052,066.67 |
5. Class A-3 interest paid |
$1,052,066.67 |
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 |
$172,000,000.00 |
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 |
$172,000,000.00 |
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 |
29.861425% |
8. Class A-3 Notes as a percentage of the Pool Balance on the Distribution Date |
19.409926% |
9. Class A-1, A-2 and A-3 Notes as a percentage of the Pool Balance on the Distribution Date |
44.324930% |
(d) Class A-4 |
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A. Information Regarding Distributions |
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1. Total Distribution per $1,000 |
$6.19167 |
2. Principal Distribution per $1,000 |
$0.00000 |
3. Interest Distribution per $1,000 |
$6.19167 |
B. Calculation of Class A-4 Interest Due |
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1. Class A-4 related Note Rate |
7.430000% |
2. Class A-4 principal balance - beginning of period |
$183,211,000.00 |
3. Accrual convention |
30/360 |
4. Class A-4 interest due |
$1,134,381.44 |
5. Class A-4 interest paid |
$1,134,381.44 |
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 |
$183,211,000.00 |
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 |
$183,211,000.00 |
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 |
31.807800% |
8. Class A-4 Notes as a percentage of the Pool Balance on the Distribution Date |
20.675070% |
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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