ASSOCIATES FIRST CAPITAL CORP
10-Q, EX-99, 2000-08-10
PERSONAL CREDIT INSTITUTIONS
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   Residual Value Obligation  






 		  
                 
    Quarterly Certificate for the quarter ended June 30, 2000            
                 
Securitization Distribution Dates during quarter:         April 17, 2000 May 15, 2000 June 15, 2000  
                 
Allocation Dates during quarter:         April 18, 2000 May 16, 2000 June 16, 2000  
                 
Payment Date during quarter:             NA  
                 
AFCC Amount at beginning of quarter:             503,746,527  
                 
AFCC Amount at end of quarter:             471,618,675  
                 
On the Payment Date during the quarter:                
                 
Accrued RVO Payment Amount as of the immediately preceding Allocation Date:             -  
                 
Interest accrued on Accrued RVO Payment Amount since immediately preceding                
Allocation Date:             -  
                 
Accrued RVO Payment Amount as of such Payment Date:             -  
                 
Number of RVO's outstanding as of the applicable record date             N/A  
                 
Payment per RVO:             -  
As of the first Allocation Date during the quarter:                
                 
Residual Cash Flow:                
                 
                 
  Residual Cash Flow allocated:           38,644,919 (1)
                 
                 
  Excess Litigation Reserve allocated:           -  
                 
RVO Expenses:                
                 
  Residual Cash Flow allocated to RVO Expenses:           -  
                 
  Cumulative RVO Expenses not covered by allocation (to be carried forward):           -  
                 
Litigation Expenses:                
                 
  Residual Cash Flow allocated to Litigation Expenses:           10,041,242  
                 
  Cumulative Litigation Expenses not covered by allocation (to be carried forward):           -  
                 
AFCC Amount:                
                 
  AFCC Amount at end of immediately preceding Allocation Date:           503,746,527  
                 
  plus: AFCC Interest added on immediately preceding Securitization            
    Distribution Date:         2,938,521  
                 
                 
                 
  less: Residual Cash Flow allocated to AFCC Amount:         (28,603,677)  
                 
  AFCC Amount after allocation:           478,081,371  
                 
Accrued RVO Payment Amount:                
                 
  Residual Cash Flow allocated to Accrued RVO Payment Amount on such              
  Allocation Date:           -  
                 
  plus: cumulative Residual Cash Flow allocated to, and cumulative interest            
    accrued on, Accrued RVO Payment Amount since most recent Payment            
    Date on which RVO Payments were made:         -  
                 
  Accrued RVO Payment Amount on such Allocation Date:           -  
                 
                 
As of the second Allocation Date during the quarter:                
                 
Residual Cash Flow:                
                 
                 
                 
  Residual Cash Flow allocated:           16,273,912  
                 
                 
  Excess Litigation Reserve allocated:           -  
                 
RVO Expenses:                
                 
  Residual Cash Flow allocated to RVO Expenses:           -  
                 
  Cumulative RVO Expenses not covered by allocation (to be carried forward):           -  
                 
Litigation Expenses:                
                 
  Residual Cash Flow allocated to Litigation Expenses:           17,866  
                 
  Cumulative Litigation Expenses not covered by allocation (to be carried forward):           -  
                 
AFCC Amount:                
                 
  AFCC Amount at end of immediately preceding Allocation Date:           478,081,371  
                 
  plus: AFCC Interest added on immediately preceding Securitization            
    Distribution Date:         5,976,017  
                 
                 
  less: Residual Cash Flow allocated to AFCC Amount:         (16,256,046)  
                 
  AFCC Amount after allocation:           467,801,342  
                 
Accrued RVO Payment Amount:                
                 
  Residual Cash Flow allocated to Accrued RVO Payment Amount on such              
  Allocation Date:           -  
                 
  plus: cumulative Residual Cash Flow allocated to, and cumulative interest            
    accrued on, Accrued RVO Payment Amount since most recent Payment            
    Date on which RVO Payments were made:         -  
                 
  Accrued RVO Payment Amount on such Allocation Date:           -  
                 
                 
As of the third Allocation Date during the quarter:                
                 
Residual Cash Flow:                
                 
                 
                 
  Residual Cash Flow allocated:           2,043,781  
                 
                 
  Excess Litigation Reserve allocated:           -  
                 
RVO Expenses:                
                 
  Residual Cash Flow allocated to RVO Expenses:           -  
                 
  Cumulative RVO Expenses not covered by allocation (to be carried forward):           -  
                 
Litigation Expenses:                
                 
  Residual Cash Flow allocated to Litigation Expenses:           13,597  
                 
  Cumulative Litigation Expenses not covered by allocation (to be carried forward):           -  
                 
AFCC Amount:                
                 
  AFCC Amount at end of immediately preceding Allocation Date:           467,801,342  
                 
  plus: AFCC Interest added on immediately preceding Securitization            
    Distribution Date:         5,847,517  
                 
                 
  less: Residual Cash Flow allocated to AFCC Amount:         (2,030,184)  
                 
  AFCC Amount after allocation:           471,618,675  
                 
Accrued RVO Payment Amount:                
                 
  Residual Cash Flow allocated to Accrued RVO Payment Amount on such              
  Allocation Date:           -  
                 
  plus: cumulative Residual Cash Flow allocated to, and cumulative interest            
    accrued on, Accrued RVO Payment Amount since most recent Payment            
    Date on which RVO Payments were made:         -  
                 
  Accrued RVO Payment Amount on such Allocation Date:           -  
                 
                 
  (1) During April, 2000 the Company exercised optional prepayment on outstanding 1994 and 1995 transactions.              



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