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Previous: FORD CREDIT AUTO LOAN MASTER TRUST, 8-K, 2001-01-10 |
Next: METRETEK TECHNOLOGIES INC, SC 13G, 2001-01-10 |
Exhibit 19
<TABLE>
<CAPTION>
<S> <C>
Ford Credit Auto Loan Master Trust
Ford Motor Credit Company Asset Backed Certificates 01/09/01 05:29 pm
Investor Reporting System v2.7 Monthly Statement 12/00 Activity
----------------------------------------------------------------------------
Principal Receivables FCARC Investor
------------------- -------------------
Beginning Principal Receivables $4,674,701,137.78 $2,510,000,000.00
Current Floating Allocation Pct. 65.06465681% 34.93534319%
Total Adj. Principal Collections $1,521,876,726.38 $817,145,411.15
Principal Default Amounts $24,992.85 $13,419.49
As a Percentage of Collections 0.00164224% 0.00164224%
Monthly Principal Amortized $880,000,000.00
Ending Principal Receivables $5,572,557,399.15 $1,630,000,000.00
New Floating Allocation Pct. 77.36914946% 22.63085054%
Interest Collections FCARC Investor
------------------- -------------------
Total Interest Collections $45,744,204.17 $24,561,560.00
-------------------------------------------------------------------------------
Early Amortization Triggered? Yes No
--- --
1. Breach of covenants or agreements made in the x
PSA and uncured for 45 days
2. Breach of any representation or warranty made x
in the PSA and uncured for 60 days
3. Bankruptcy, insolvency or receivership of FMCC, x
FCARC, or Ford
4. FCARC is an investment company within the x
meaning of the ICA of 1940
5. Failure of FCARC to convey Receivables pursuant x
to the PSA
6. Available Subordinated Amount has been reduced x
to less than the Required Subordinated Amount
7. Servicer Default has occurred x
8. Average monthly payment rate for past three x
periods is less than 20%
9. Used vehicle percentage exceeds 10% for two x
collection periods
10. Interest rate swap is terminated in accordance x
with its terms
11. Outstanding principal amount of the certificates x
is not repaid by the expected payment date
Principal Receivables Trust Total
-------------------
Beginning Principal Receivables $7,184,701,137.78
Current Floating Allocation Percentage 100.00000000%
Total Adjusted Principal Collections $2,339,022,137.53
Payment Rate 32.56%
Principal Collections $2,147,421,041.79
Principal Collection Adjustments $191,601,095.74
Principal Collections for Status Dealer Accounts $0.00
Principal Default Amounts $38,412.34
As a Percentage of Collections 0.00164224%
Aggregate New Principal Receivables $2,356,916,811.24
Ending Principal Receivables $7,202,557,399.15
New Floating Allocation Percentage 100.00000000%
<PAGE>
Interest Collections Trust Total
-------------------
Total Interest Collections $70,305,764.17
Interest Collections $70,305,764.17
Interest Collections for Status Dealer Accounts $0.00
Recoveries on Receivables Written Off $0.00
Monthly Yield 11.74%
Used Vehicle Principal Receivables Balance $149,769,058.28
2.08%
Status Dealer Accounts Trust Total
-------------------
Beginning Balance $367,225.93
Principal Collections $0.00
Principal Write Offs $38,412.34
Interest Collections $0.00
Ending Balance $328,813.59
Subordination and Participation Trust Total
-------------------
Incremental Subordinated Amount $0.00
Overconcentration Amount $0.00
Installment Amount $0.00
Other Ineligible Amounts $0.00
Available Subordinated Amount $278,888,888.89
Required Subordinated Amount $278,888,888.89
Required Participation 4.00% $100,400,000.00
Required Participation and Subordinated Amount $379,288,888.89
Current Participation Amount $5,572,557,399.15
Current Participation Percentage 1469.21%
Current Participation Shortfall $0.00
Available Seller Collections $1,567,620,930.55
Subordinated Draw Amount $0.00
Reserve Fund Deposit $0.00
Available Seller Collections to FCARC $1,567,620,930.55
Series Allocations 1996-1
-------------------
Certificates $800,000,000.00
Current Floating Allocation Percentage 11.13477074%
Total Adjusted Principal collections $260,444,752.56
Principal Default Amounts $4,277.13
Total Interest Collections $7,828,385.66
Source and Use of Funds 1996-1
-------------------
Investor Interest Funding Account Balance $7,828,385.66
Investment and Net Swap Proceeds ($1,133,333.33)
Reserve Fund Balance $2,800,000.00
Total Investor Collections and Reserve Fund $9,495,052.33
Certificates Outstanding $800,000,000.00
Certificate Rate 5.5000%
Days in Interest Period 30
Current Interest Due $3,666,666.67
Net Trust Swap Receipts not req. to be paid $0.00
Prior months Swap Receipts payable this month $0.00
Current Interest Paid $3,666,666.67
Current Interest Shortfall $0.00
Additional Interest Due $0.00
Additional Interest Paid $0.00
Additional Interest Shortfall $0.00
Deferred Interest Due $0.00
Deferred Interest Paid $0.00
Deferred Interest Shortfall $0.00
Servicing Fees Due FMCC 1.00% $666,666.67
Servicing Fees Paid $666,666.67
Servicing Fees Shortfall $0.00
Deferred Servicing Fees Due FMCC $0.00
Deferred Servicing Fees Paid $0.00
Deferred Servicing Fees Shortfall $0.00
Reserve Fund Required Amount $2,800,000.00
Reserve Fund Deposit (Draw) Amount $0.00
<PAGE>
Current Investor Default Amount Due $4,277.13
Current Investor Default Amount Paid $4,277.13
Current Investor Default Amount Shortfall $0.00
Deferred Investor Default Amount Due $0.00
Deferred Investor Default Amount Paid $0.00
Deferred Investor Default Amount Shortfall $0.00
Asset Composition Premium $0.00
Excess Servicing (Deficiency) Amount $2,357,441.86
Subordination and Participation 1996-1
-------------------
Incremental Subordinated Amount $0.00
Available Subordinated Amount $88,888,888.89
Required Subordinated Amount $88,888,888.89
Required Participation 4.00% $32,000,000.00
Required Participation and Subordinated Amount $120,888,888.89
Subordinated Draw Amount $0.00
Reserve Fund Deposit $0.00
Reserve Fund Balance $2,800,000.00
Controlled Distribution Amount $400,000,000.00
Principal Funding Account Balance $400,000,000.00
Excess Funding Account Balance $0.00
Principal Payment Amont $0.00
Pool Factor 0.500000000000
Interest Funding Account Balance $18,333,333.35
Interest Payment Date? N
Cum. Net Trust Swap Receipts not req. to be paid $0.00
Interest Payment Amount Due $0.00
Interest Payment Amount Paid $0.00
Interest Payment Amount Shortfall $0.00
Distributions to Holders of Certificates 1996-1
(per $1,000 denomination certificate) -------------------
Total Amount Distributed $0.00000000
Total Amount Allocable to Principal $0.00000000
Total Amount Allocable to Interest $0.00000000
Series Allocations 1996-2
-------------------
Certificates $960,000,000.00
Current Floating Allocation Percentage 13.36172489%
Total Adjusted Principal collections $312,533,703.07
Principal Default Amounts $5,132.55
Total Interest Collections $9,394,062.79
Source and Use of Funds 1996-2
-------------------
Investor Interest Funding Account Balance $9,394,062.79
Investment and Net Swap Proceeds $0.00
Reserve Fund Balance $3,360,000.00
Total Investor Collections and Reserve Fund $12,754,062.79
Certificates Outstanding $960,000,000.00
Certificate Rate 6.8894%
Days in Interest Period 32
Current Interest Due $5,878,937.60
Net Trust Swap Receipts not req. to be paid $118,937.60
Prior months Swap Receipts payable this month $0.00
Current Interest Paid $5,760,000.00
Current Interest Shortfall $0.00
Additional Interest Due $0.00
Additional Interest Paid $0.00
Additional Interest Shortfall $0.00
Deferred Interest Due $0.00
Deferred Interest Paid $0.00
Deferred Interest Shortfall $0.00
Servicing Fees Due FMCC 1.00% $800,000.00
Servicing Fees Paid $800,000.00
Servicing Fees Shortfall $0.00
Deferred Servicing Fees Due FMCC $0.00
Deferred Servicing Fees Paid $0.00
Deferred Servicing Fees Shortfall $0.00
Reserve Fund Required Amount $3,360,000.00
Reserve Fund Deposit (Draw) Amount $0.00
Current Investor Default Amount Due $5,132.55
Current Investor Default Amount Paid $5,132.55
Current Investor Default Amount Shortfall $0.00
Deferred Investor Default Amount Due $0.00
Deferred Investor Default Amount Paid $0.00
Deferred Investor Default Amount Shortfall $0.00
Asset Composition Premium $0.00
Excess Servicing (Deficiency) Amount $2,828,930.24
Subordination and Participation 1996-2
-------------------
Incremental Subordinated Amount $0.00
Available Subordinated Amount $106,666,666.67
Required Subordinated Amount $106,666,666.67
Required Participation 4.00% $38,400,000.00
Required Participation and Subordinated Amount $145,066,666.67
Subordinated Draw Amount $0.00
Reserve Fund Deposit $0.00
Reserve Fund Balance $3,360,000.00
Controlled Distribution Amount $480,000,000.00
Principal Funding Account Balance $480,000,000.00
Excess Funding Account Balance $0.00
Principal Payment Amont $0.00
Pool Factor 0.500000000000
Interest Funding Account Balance $11,060,000.00
Interest Payment Date? N
Cum. Net Trust Swap Receipts not req. to be paid $330,441.60
Interest Payment Amount Due $0.00
Interest Payment Amount Paid $0.00
Interest Payment Amount Shortfall $0.00
Distributions to Holders of Certificates 1996-2
(per $1,000 denomination certificate) -------------------
Total Amount Distributed $0.00000000
Total Amount Allocable to Principal $0.00000000
Total Amount Allocable to Interest $0.00000000
Series Allocations 1997-1
-------------------
Certificates $750,000,000.00
Current Floating Allocation Percentage 10.43884757%
Total Adjusted Principal collections $244,166,955.52
Principal Default Amounts $4,009.81
Total Interest Collections $7,339,111.55
Source and Use of Funds 1997-1
-------------------
Investor Interest Funding Account Balance $7,339,111.55
Investment and Net Swap Proceeds $420,999.17
Reserve Fund Balance $2,625,000.00
Total Investor Collections and Reserve Fund $10,385,110.72
Certificates Outstanding $750,000,000.00
Certificate Rate 6.8881%
Days in Interest Period 32
Current Interest Due $4,592,086.67
Net Trust Swap Receipts not req. to be paid $0.00
Prior months Swap Receipts payable this month $328,912.50
Current Interest Paid $4,920,999.17
Current Interest Shortfall $0.00
Additional Interest Due $0.00
Additional Interest Paid $0.00
Additional Interest Shortfall $0.00
Deferred Interest Due $0.00
Deferred Interest Paid $0.00
Deferred Interest Shortfall $0.00
Servicing Fees Due FMCC 1.00% $625,000.00
Servicing Fees Paid $625,000.00
Servicing Fees Shortfall $0.00
<PAGE>
Deferred Servicing Fees Due FMCC $0.00
Deferred Servicing Fees Paid $0.00
Deferred Servicing Fees Shortfall $0.00
Reserve Fund Required Amount $2,625,000.00
Reserve Fund Deposit (Draw) Amount $0.00
Current Investor Default Amount Due $4,009.81
Current Investor Default Amount Paid $4,009.81
Current Investor Default Amount Shortfall $0.00
Deferred Investor Default Amount Due $0.00
Deferred Investor Default Amount Paid $0.00
Deferred Investor Default Amount Shortfall $0.00
Asset Composition Premium $0.00
Excess Servicing (Deficiency) Amount $2,210,101.74
Subordination and Participation 1997-1
-------------------
Incremental Subordinated Amount $0.00
Available Subordinated Amount $83,333,333.33
Required Subordinated Amount $83,333,333.33
Required Participation 4.00% $30,000,000.00
Required Participation and Subordinated Amount $113,333,333.33
Subordinated Draw Amount $0.00
Reserve Fund Deposit $0.00
Reserve Fund Balance $2,625,000.00
Controlled Distribution Amount $0.00
Principal Funding Account Balance $0.00
Excess Funding Account Balance $0.00
Principal Payment Amont $0.00
Pool Factor 1.000000000000
Interest Funding Account Balance $13,202,249.17
Interest Payment Date? Y
Cum. Net Trust Swap Receipts not req. to be paid $0.00
Interest Payment Amount Due $13,202,249.17
Interest Payment Amount Paid $13,202,249.17
Interest Payment Amount Shortfall $0.00
Distributions to Holders of Certificates 1997-1
(per $1,000 denomination certificate) -------------------
Total Amount Distributed $17.60299889
Total Amount Allocable to Principal $0.00000000
Total Amount Allocable to Interest $17.60299889
</TABLE>
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