SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest Event
Reported): 12/15/00
ORIX Credit Alliance Receivables 2000-B Corporation (as Trust Depositor under
the Amended and Restated Trust Agreement, dated as of August 31, 2000,
providing for the issuance of Receivable-Backed Notes, Series 2000-B)
ORIX Credit Alliance Receivables Trust 2000-B
(Issuer of the Notes)
(Exact name of registrant as specified in its charter)
Delaware 333-43312 22-3744565
(State or Other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
300 Lighting Way
Secaucus, New Jersey 07096
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (201) 601-9166
Item 5.Other Events.
On Behalf of ORIX Credit Alliance Receivables Trust 2000-B, a Trust
created pursuant to the Trust Agreement dated as of August
17, 2000 by The Bank of New York as indenture trustee for the Trust,
the Trustee has caused to be filed with the Commission, the Monthly Report
dated 12/15/2000, The Monthly Report is filed pursuant to and in
accordance with (1) numerous no-action letters (2) current Commission policy
in the area. The filing of the Monthly Report covers distributions to
the holders of the Receivable-Backed Notes, Series 2000-B.
A. Monthly Report Information:
See Exhibit No. 1
B. Have any deficiencies occurred? NO.
Date:
Amount:
C. Item 1: Legal Proceedings: NONE
D. Item 2: Changes in Securities: NONE
E. Item 4: Submission of Matters to a Vote of Certifi-
catholders: NONE
F. Item 5: Other Information - Form 10-Q, Part II -
Items 1,2,4,5 if applicable: NOT APPLICABLE
Item 7. Monthly Statements and Exhibits
Information and Exhibits.
Exhibit No. 1
ORIX Credit Alliance
Receivables Trust 2000-B
MONTHLY REPORT
A. AGGREGATE PRINCIPAL BALANCE OF CONTRACTS
Aggregate Principal Balance of the Contracts, 286,893,542.68
beginning of Collection Period
Less: Principal Payments 9,107,938.19
Less: Principal Prepayments 1,613,687.10
Less: Aggregate Principal Balance of Defaulted Contracts 21,994.45
that became Defaulted Contracts during the Collection Period
Add: Aggregate Principal Balance of Substitute Contracts 0.00
Aggregate Principal Balance of the Contracts, end of 276,149,922.94
Collection Period
B. SERVICER ADVANCES
Aggregate amount of Servicer Advances at the beginning of the 0.00
Collection Period
Servicer Advances made during the Collection Period 0.00
Servicer Advances reimbursed during the Collection Period 0.00
Aggregate amount of Servicer Advances at the end of the 0.00
Collection Period
C. DEFAULTED CONTRACTS
Cumulative Aggregate Principal Balance of Defaulted Contracts 7,244.99
beginning of Collection Period
Aggregate Principal Balance of Defaulted Contracts that 21,994.45
became Defaulted Contracts during the Collection Period
Cumulative Aggregate Principal Balance of Defaulted Contracts, 29,239.44
end of Collection Period
Cumulative Recoveries on Defaulted Contracts, 0.00
beginning of Collection Period
Recoveries on Defaulted Contracts during the current 0.00
Collection Period
Cumulative Recoveries on Defaulted Contracts, 0.00
end of Collection Period
Cumulative Net Loss Percentage end of Collection Period 0%
D. SUBSTITUTIONS
Casualty Loss, Materially Modified and Defaulted Contracts 0.00
Substituted to Date, beginning of Collection Period
Casualty Loss, Materially Modified and Defaulted Contracts 0.00
replaced with Substitute Contracts during the current Collection Period
Casualty Loss, Materially Modified and Defaulted Contracts 0.00
Substituted to Date, end of Collection Period
Percentage of Pool Balance at end of Collection Period 0.00%
Prepaid, Ineligible and Excess Contracts, Substituted to date, 0.00
beginning of Collection Period
Prepaid, Ineligible and Excess Contracts replaced with 0.00
Substitute Contracts during the current Collection Period
Prepaid, Ineligible and Excess Contracts Substituted to date 0.00
end of Collection Period
Percentage of Pool Balance at end of Collection Period 0.00%
Total Substitutions, end of Collection Period 0.00
Total Percentage of Pool Balance, Substituted as of end of 0.00%
Collection Period
E. RESERVE FUND
Reserve Fund balance, beginning of Collection Period 7,142,849.05
Required Reserve Fund Amount 8,236,941.06
Shortfall 1,094,092.01
Deposit from (release to) waterfall 462,602.98
Reserve Fund balance, end of Collection Period 7,605,452.03
F. AVAILABLE AMOUNTS
Principal collections 10,721,625.29
Interest collections 2,259,168.60
Late Charges 43,191.96
Recoveries 0.00
Reinvestment Income from Collection Account, 85,837.61
Reserve Fund and Spread Fund
Amounts in Spread Fund 0.00
Amounts withdrawn from Reserve Fund 0.00
Total Available Amounts 13,109,823.46
G. SPREAD FUND CALCULATION
ORIX Credit Alliance, Inc. as Servicer (Yes/No) Yes
Three Month Delinquency Percentage (may not exceed 5.0%) 0.45%
Cumulative Net Loss Percentage (May not exceed 1.0% from September 15,
2000 to July 15, 2001, 1.25% from August 15, 2001 to January 15,
2002, 1.50% from February 15, 2002 to July 15, 2002, and 2.0% thereafter). 0.01%
Spread Fund balance, beginning of Collection Period 0.00
Deposit from (release to) waterfall 0.00
Spread Fund balance, end of Collection Period 0.00
H. DELINQUENCIES
Aggregate Principal Balance of Contracts Delinquent > than 31 days 16,442,780.71
Aggregate Principal Balance of Contracts Delinquent > than 61 days 1,868,341.97
Aggregate Principal Balance of Contracts Delinquent > than 91 days 2,582,824.42
ORIX Credit Alliance Receivables Trust 2000-A
I. PAYMENTS TO NOTEHOLDERS
Class A Noteholders:
Initial Class A Principal Amount 301,191,962.00
Class A Principal Amount outstanding at the beginning of 271,041,333.68
Collection Period
Class A Percentage 92.81610%
Class A Target Investor Principal Amount 256,311,589.00
Class A Principal Payment Amount 14,729,744.68
Class A-1 Noteholders:
Initial Class A-1 Principal Amount 96,381,428.00
Class A-1 Principal Amount outstanding at the beginning 66,230,799.68
of the Collection Period
Class A-1 Interest Rate 6.75818%
Class A-1 interest for the current Collection Period 372,999.72
Class A-1 interest accrued in prior Collection Periods for which 0.000.00
no allocation was made
Total interest due to the Class A-1 Noteholders 372,999.72
Available Amounts allocated to interest due to the Class A-1 372,999.72
Noteholders
Class A-1 Principal Payment Amount 10,743,619.74
Class A-1 Additional Principal 0.00
Available Amounts allocated to Principal due to the Class A-1 10,743,619.74
Noteholders
Total payment to the Class A-1 Noteholders 11,116,619.46
Class A-1 Principal Amount outstanding at the end of the 55,487,179.94
Collection Period
Class A-2 Noteholders:
Initial Class A-2 Principal Amount 48,507,758.00
Class A-2 Principal Amount outstanding at the beginning of the 48,507,758.00
Collection Period
Class A-2 Interest Rate 6.97000%
Class A-2 interest for the current Collection Period 281,749.23
Class A-2 interest accrued in prior Collection Periods for 0.00
which no allocation was previously made
Total interest due to the Class A-2 Noteholders 281,749.23
Available Amounts allocated to interest due to the Class A-2 281,749.23
Noteholders
Class A-2 Principal Payment Amount 0.00
Class A-2 Additional Principal 0.00
Available Amounts allocated to Principal due to the Class A-2 0.00
Noteholders
Total payment to the Class A-2 Noteholders 281,749.23
Class A-2 Principal Amount outstanding at the end of the 48,507,758.00
Collection Period
Class A-3 Noteholders:
Initial Class A-3 Principal Amount 112,075,114.00
Class A-3 Principal Amount outstanding at the beginning of the 112,075,114.00
Collection Period
Class A-3 Interest Rate 7.05000%
Class A-3 interest for the current Collection Period 658,441.29
Class A-3 interest accrued in prior Collection Periods for 0.00
which no allocation was previously made
Total interest due to the Class A-3 Noteholders 658,441.29
Available Amounts allocated to interest due to the Class A-3 658,441.29
Noteholders
Class A-3 Principal Payment Amount 0.00
Class A-3 Additional Principal 0.00
Available Amounts allocated to Principal due to the Class A-3 0.00
Noteholders
Total payment to the Class A-3 Noteholders 658,441.29
Class A-3 Principal Amount outstanding at the end of the 112,075,114.00
Collection Period
Class A-4 Noteholders:
Initial Class A-4 Principal Amount 44,227,662.00
Class A-4 Principal Amount outstanding at the beginning of 44,227,662.00
the Collection Period
Class A-4 Interest Rate 7.14000%
Class A-4 interest for the current Collection Period 263,154.59
Class A-4 interest accrued in prior Collection Periods for 0.00
which no allocation was previously made
Total interest due to the Class A-4 Noteholders 263,154.59
Available Amounts allocated to interest due to the Class A-4 263,154.59
Noteholders
Class A-4 Principal Payment Amount 0.00
Class A-4 Additional Principal 0.00
Available Amounts allocated to Principal due to the Class A-4 0.00
Noteholders
Total payment to the Class A-4 Noteholders 263,154.59
Class A-4 Principal Amount outstanding at the end of the 44,227,662.00
Collection Period
Class B Noteholders:
Initial Class B Principal Amount 9,511,325.00
Class B Principal Amount outstanding at the beginning of 9,511,325.00
the Collection Period
Class B Percentage 4.31030%
Class B Interest Rate 7.31000%
Class B interest for the current Collection Period 57,939.82
Class B interest accrued in prior Collection Periods for 0.00
which no allocation was previously made
Total interest due to the Class B Noteholders 57,939.82
Available Amounts allocated to interest due to the Class B 57,939.82
Noteholders
Class B Target Investor Principal Amount 0.00
Class B Floor 0.00
Class B Principal Payment Amount 0.00
Class B Additional Principal 0.00
Available Amounts allocated to Principal due to the Class B 0.00
Noteholders
Total payment to the Class B Noteholders 57,939.82
Class B Principal Amount outstanding at the end of the 9,511,325.00
Collection Period
I. PAYMENTS TO NOTEHOLDERS (continued)
Class C Noteholders:
Initial Class C Principal Amount 4,755,663.00
Class C Principal Amount outstanding at the beginning of the 4,755,663.00
Collection Period
Class C Percentage 2.15520%
Class C Interest Rate 7.63000%
Class C interest for the current Collection Period 30,238.09
Class C interest accrued in prior Collection Periods for which 0.00
no allocation was previously made
Total interest due to the Class C Noteholders 30,238.09
Available Amounts allocated to interest due to the Class C 30,238.09
Noteholders
Class C Target Investor Principal Amount 0.00
Class C Floor 0.00
Class C Principal Payment Amount 0.00
Class C Additional Principal 0.00
Available Amounts allocated to Principal due to the Class C 0.00
Noteholders
Total payment to the Class C Noteholders 30,238.09
Class C Principal Amount outstanding at the end of the 4,755,663.00
Collection Period
Total amounts distributed on the Notes 12,408,142.48
J. DISDISTRIBUTION OF FUNDS
Available Amounts 13,109,823.46
Unreimbursed Servicer Advances 0.00
Indenture Trustee fee for transition to Successor Servicer 0.00
Servicing Fee 239,078.00
Class A-1 Interest 372,999.72
Class A-2 Interest 281,749.23
Class A-3 Interest 658,441.29
Class A-4 Interest 263,154.59
Class B Interest 57,939.82
Class C Interest 30,238.09
Available Funds After Servicing & Interest Payments 11,206,222.72
Class A-1 Principal Amount 10,743,619.74
Class A-2 Principal Amount 0.00
Class A-3 Principal Amount 0.00
Class A-4 Principal Amount 0.00
Class B Principal Amount 0.00
Class C Principal Amount 0.00
Available Funds After Principal Payments 462,602.98
Class A-1 Additional Principal Amount 0.00
Class A-2 Additional Principal Amount 0.00
Class A-3 Additional Principal Amount 0.00
Class A-4 Additional Principal Amount 0.00
Class B Additional Principal Amount 0.00
Class C Additional Principal Amount 0.00
Available Funds After Additional Principal Payments 462,602.98
Reserve Fund to maintain Required Reserve Amount 462,602.98
Spread Account (if a Spread Event exists) 0.00
Indenture Trustee 0.00
Remaining Amounts to the Holder of the Certificate 0.00
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ORIX Credit Alliance Receivables 2000-B Corporation
By: /s/ Joseph J. McDevitt, Jr.
Name: Joseph J. McDevitt, Jr.
Title: President and Chief Financial Officer
Dated: 12/31/00
