UNITED STATES 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) November 11, 1993
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION on behalf of
NAVISTAR FINANCIAL 1993-A OWNER TRUST, NAVISTAR FINANCIAL
1994-A OWNER TRUST AND NAVISTAR FINANCIAL 1994-B OWNER TRUST
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-4146-1 51-0337491
(Commission File Number) (I.R.S. Employer Identification No.)
2850 West Golf Road Rolling Meadows, Illinois 60008
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code 708-734-4275
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On October 31, 1994, Registrant made available the Monthly Servicer
Certificates for the Periods of November 1993 through October 1994 for
the specified Owner Trusts, which are attached as Exhibit 20 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits:
See attached Exhibit Index.
SIGNATURE
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 thereunto duly authorized.
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION on behalf of
NAVISTAR FINANCIAL 1993-A OWNER TRUST, NAVISTAR FINANCIAL
1994-A OWNER TRUST AND NAVISTAR FINANCIAL 1994-B OWNER TRUST
(Registrant)
Date October 31, 1994 By:/s/ PHYLLIS E. COCHRAN
Phyllis E. Cochran
Controller
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
Navistar Financial 1993-A Owner Trust
20.1 Monthly Servicer Certificate, dated November 11, 1993
20.2 Monthly Servicer Certificate, dated December 7, 1993
20.3 Monthly Servicer Certificate, dated January 7, 1994
20.4 Monthly Servicer Certificate, dated February 9, 1994
20.5 Monthly Servicer Certificate, dated March 9, 1994
20.6 Monthly Servicer Certificate, dated April 11, 1994
20.7 Monthly Servicer Certificate, dated May 6, 1994
20.8 Monthly Servicer Certificate, dated June 6, 1994
20.9 Monthly Servicer Certificate, dated July 8, 1994
20.10 Monthly Servicer Certificate, dated August 9, 1994
20.11 Monthly Servicer Certificate, dated September 9, 1994
20.12 Monthly Servicer Certificate, dated October 10, 1994
Navistar Financial 1994-A Owner Trust
20.13 Monthly Servicer Certificate, dated May 10, 1994
20.14 Monthly Servicer Certificate, dated June 6, 1994
20.15 Monthly Servicer Certificate, dated July 11, 1994
20.16 Monthly Servicer Certificate, dated August 9, 1994
20.17 Monthly Servicer Certificate, dated September 9, 1994
20.18 Monthly Servicer Certificate, dated October 10, 1994
Navistar Financial 1994-B Owner Trust
20.19 Monthly Servicer Certificate, dated August 9, 1994
20.20 Monthly Servicer Certificate, dated September 9, 1994
20.21 Monthly Servicer Certificate, dated October 10, 1994
<PAGE>
EXHIBIT 20.1
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of October 1993
Distribution Date of November 15, 1993
Servicer Certificate Dated November 11, 1993
<TABLE>
<S> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $335,002,547.77
Beginning Pool Factor 1.0000000
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $16,194,151.36
Interest Collected $2,825,623.42
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $0.00
Total Additional Deposits $0.00
Repos/Chargeoffs $234,979.66
Aggregate Number of Notes Charged Off
Total Available Funds $19,019,774.78
Ending Pool Balance $318,573,416.75
Ending Pool Factor 0.9509582
Servicing Fee $279,168.79
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance $25,125,191.08
Target Percentage 7.50%
Target Balance $23,893,006.26
Minimum Balance $6,700,050.96
(Release)/Deposit $(1,232,184.82)
Ending Balance $23,893,006.26
</TABLE>
<TABLE>
<CAPTION>
Delinquencies: Dollars Notes
<S> <C> <C>
Installments:
1-30 days 1,601,338.00 1,231
31-60 days 71,464.00 74
60+ days 2,471.00 3
Total 1,675,273.00 1,231
Balances:
60+ days 53,691.71 3
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of October 1993
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $335,002,547.77
Ending Pool Balance $318,573,416.75
Collected Principal $16,194,151.36
Collected Interest $2,825,623.42
Charge-Offs $234,979.66
Servicing $279,168.79
Total Collections Available
for Debt Service $18,740,605.99
Beginning Balance $335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Interest Due $230,150.45 $61,439.93 $121,804.33 $46,906.19
Interest Paid $230,150.45 $61,439.93 $121,804.33 $46,906.19
Principal Due $16,429,131.02$16,429,131.02 $0.00 $0.00
Principal Paid $16,429,131.02$16,429,131.02 $0.00 $0.00
Turbo Principal $2,081,324.52$2,081,324.52 $0.00 $0.00
Ending Balance $316,492,092.23$108,789,544.46$195,976,000.00$11,726,547.77
Total Distributions $18,740,605.99$18,571,895.47 $121,804.33 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$25,125,191.08
(Release)/Draw $(1,232,184.82)
Ending Reserve Account Balance$23,893,006.26
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of October 1993
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
October 1993 November 1993 December 1993 January 1994 February 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$335,002.547.77 $0.00 $0.00 $0.00 $0.00
A)Loss Trigger:
Principal of Contracts
Charged off $234,979.66
Recoveries $0.00
Total Charge off
(Months 5,4,3) $234,979.66
Total Recoveries
(Months 3,2,1) 0.00
Net Loss/(Recoveries)
for 3 Mos. $234,979.66(a)
Total Balance
(Months 5,4,3)$335,002,547.77(b)
Loss Ratio (a/b) 0.0701%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $53,691.71 $0.00 $0.00
As % of Beginning
Pool Balance 0.01603%
Three Month Average0.00534%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.2
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of November 1993
Distribution Date of December 15, 1993
Servicer Certificate Dated December 7, 1993
<TABLE>
<S> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $318,573,416.75
Beginning Pool Factor 0.9509582
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $16,549,344.59
Interest Collected $2,566,235.17
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $0.00
Total Additional Deposits $0.00
Repos/Chargeoffs $65,664.18
Aggregate Number of Notes Charged Off 5
Total Available Funds $19,115,579.76
Ending Pool Balance $301,958,407.98
Ending Pool Factor 0.9013615
Servicing Fee $265,477.85
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $23,952,434.90
Target Percentage 7.50%
Target Balance $22,646,880.60
Minimum Balance $6,700,050.96
(Release)/Deposit $(1,305,554.30)
Ending Balance $22,646,880.60
</TABLE>
<TABLE>
<CAPTION>
Delinquencies: Dollars Notes
<S> <C> <C>
Installments:
1-30 days 1,730,603.00 1,438
31-60 days 225,808.00 164
60+ days 12,624.00 14
Total 1,969,035.00 1,438
Balances:
60+ days 291,646.29 14
Memo Item - Reserve Account
Prior Month $23,893,006.26
Invest. Income 59,428.64
Beginning Balance $23,952,434.90
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of November 1993
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $318,573,416.75
Ending Pool Balance $301,958,407.98
Collected Principal $16,549,344.59
Collected Interest $2,566,235.17
Charge-Offs $65,664.18
Servicing $265,477.85
Total Collections Available
for Debt Service $18,850,101.91
Beginning Balance $316,492,092.23$108,789,544.46$195,976,000.00$11,726,547.77
Interest Due $1,092,769.75 $315,036.39 $730,827.17 $46,906.19
Interest Paid $1,092,769.75 $315,036.39 $730,827.17 $46,906.19
Principal Due $16,615,008.77$16,615,008.77 $0.00 $0.00
Principal Paid $16,615,008.77$16,615,008.77 $0.00 $0.00
Turbo Principal $1,142,323.39$1,142,323.39 $0.00 $0.00
Ending Balance $298,734,760.07$91,032,212.30$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.7150998609 1.000000000 1.000000000
Total Distributions $18,850,101.91$18,072,368.55 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$23,952,434.90
(Release)/Draw $(1,305,554.30)
Ending Reserve Account Balance$22,646,880.60
Memo Item - Advances:
Servicer Advances - Current Month$438,030.37
Total Outstanding Servicer Advances$2,536,719.49
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of November 1993
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
October 1993 November 1993 December 1993 January 1994 February 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$335,002.547.77$318,573,416.75$0.00 $0.00 $0.00
A)Loss Trigger:
Principal of Contracts
Charged off $234,979.66 $65,664.18 $0.00 $0.00 $0.00
Recoveries $0.00 $0.00 $0.00 $0.00 $0.00
Total Charge off
(Months 5,4,3) $300,643.84
Total Recoveries
(Months 3,2,1) 0.00
Net Loss/(Recoveries)
for 3 Mos. $300,643.84(a)
Total Balance
(Months 5,4,3)$653,575,964.52(b)
Loss Ratio (a/b) 0.0460%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $53,691.71 $291,646.29 $0.00
As % of Beginning
Pool Balance 0.01603% 0.09155%
Three Month Average0.00534% 0.03586%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.3
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of December 1993
Distribution Date of January 18, 1994
Servicer Certificate Dated January 7, 1994
<TABLE>
<S> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $301,958,407.98
Beginning Pool Factor 0.9013615
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $14,156,303.39
Interest Collected $2,450,332.00
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $41,913.80
Total Additional Deposits $41,913.80
Repos/Chargeoffs $554,064.29
Aggregate Number of Notes Charged Off 12
Total Available Funds $16,648,549.19
Ending Pool Balance $287,248,040.30
Ending Pool Factor 0.8574503
Servicing Fee $251,632.01
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $22,707,431.40
Target Percentage 7.50%
Target Balance $21,543,603.02
Minimum Balance $6,700,050.96
(Release)/Deposit $(1,163,828.38)
Ending Balance $21,543,603.02
</TABLE>
<TABLE>
<CAPTION>
<S>
Delinquencies: Dollars Notes
<S> <C> <C>
Installments:
1-30 days 1,670,495.00 1,325
31-60 days 219,791.00 168
60+ days 41,374.00 18
Total 1,931,660.00 1,328
Balances:
60+ days 944,693.06 18
Memo Item - Reserve Account
Prior Month $22,646,880.60
Invest. Income 60,550.80
Beginning Balance $22,707,431.40
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of December 1993
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $301,958,407.98
Ending Pool Balance $287,248,040.30
Collected Principal $14,198,217.19
Collected Interest $2,450,332.00
Charge-Offs $554,064.29
Servicing $251,632.01
Total Collections Available
for Debt Service $16,396,917.18
Beginning Balance $298,734,760.07$91,032,212.30$195,976,000.00$11,726,547.77
Interest Due $1,041,347.47 $263,614.11 $730,827.17 $46,906.19
Interest Paid $1,041,347.47 $263,614.11 $730,827.17 $46,906.19
Principal Due $14,752,281.48$14,752,281.48 $0.00 $0.00
Principal Paid $14,752,281.48$14,752,281.48 $0.00 $0.00
Turbo Principal $603,288.23 $603,288.23 $0.00 $0.00
Ending Balance $283,379,190.36$75,676,642.59$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.5944748043 1.000000000 1.000000000
Total Distributions $16,396,917.18$15,619,183.82 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$22,707,431.40
(Release)/Draw $(1,163,828.38)
Ending Reserve Account Balance$21,543,603.02
Memo Item - Advances:
Servicer Advances - Current Month$88,885.72
Total Outstanding Servicer Advances$2,625,605.21
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of December 1993
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
October 1993 November 1993 December 1993 January 1994 February 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$335,002.547.77$318,573,416.75$298,734,760.07$0.00 $0.00
A)Loss Trigger:
Principal of Contracts
Charged off $234,979.66 $65,664.18 $554,064.29 $0.00 $0.00
Recoveries $0.00 $0.00 $41,913.80 $0.00 $0.00
Total Charge off
(Months 5,4,3) $854,708.13
Total Recoveries
(Months 3,2,1) 41,913.80
Net Loss/(Recoveries)
for 3 Mos. $812,794.33(a)
Total Balance
(Months 5,4,3)$952,310,724.59(b)
Loss Ratio (a/b) 0.0853%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $53,691.71 $291,646.29 $944,693.06
As % of Beginning
Pool Balance 0.01603% 0.09155% 0.31623%
Three Month Average0.00534% 0.03586% 0.14127%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/A. C. HILL
A. C. Hill
Vice President and Controller<PAGE>
EXHIBIT 20.4
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of January 1994
Distribution Date of February 15, 1994
Servicer Certificate Dated February 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $287,248,040.30
Beginning Pool Factor 0.8574503
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $10,928,248.56
Interest Collected $2,281,433.58
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $97,738.98
Total Additional Deposits $97,738.98
Repos/Chargeoffs $401,834.11
Aggregate Number of Notes Charged Off 23
Total Available Funds $13,307,421.12
Ending Pool Balance $275,917,957.63
Ending Pool Factor 0.8236294
Servicing Fee $239,373.37
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $21,592,995.62
Target Percentage 7.50%
Target Balance $20,693,846.82
Minimum Balance $6,700,050.96
(Release)/Deposit $(899,148.80)
Ending Balance $20,693,846.82
Delinquencies: Dollars Notes
Installments:
1-30 days 1,731,536.00 1,448
31-60 days 285,906.00 220
60+ days 33,990.00 28
Total 2,051,432.00 1,451
Balances:
60+ days 775,462.35 28
Memo Item - Reserve Account
Prior Month $21,543,603.02
Invest. Income 49,392.60
Beginning Balance $21,592,995.62
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of January 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $287,248,040.30
Ending Pool Balance $275,917,957.63
Collected Principal $11,025,987.54
Collected Interest $2,281,433.58
Charge-Offs $401,834.11
Servicing $239,373.37
Total Collections Available
for Debt Service $13,068,047.75
Beginning Balance $283,379,190.36$75,676,642.59$195,976,000.00$11,726,547.77
Interest Due $996,880.30 $219,146.94 $730,827.17 $46,906.19
Interest Paid $996,880.30 $219,146.94 $730,827.17 $46,906.19
Principal Due $11,427,821.65$11,427,821.65 $0.00 $0.00
Principal Paid $11,427,821.65$11,427,821.65 $0.00 $0.00
Turbo Principal $643,345.80 $643,345.80 $0.00 $0.00
Ending Balance $271,308,022.91$63,605,475.14$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.4996502367 1.000000000 1.000000000
Total Distributions $13,068,047.75$12,290,314.39 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$21,592,995.62
(Release)/Draw $(899,148.80)
Ending Reserve Account Balance$20,693,846.82
Memo Item - Advances:
Servicer Advances - Current Month$398,213.25
Total Outstanding Servicer Advances$3,023,818.46
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of January 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
October 1993 November 1993 December 1993 January 1994 February 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$335,002.547.77$318,573,416.75$298,734,760.07$283,379,190.36$0.00
A)Loss Trigger:
Principal of Contracts
Charged off $234,979.66 $65,664.18 $554,064.29 $401,834.11 $0.00
Recoveries $0.00 $0.00 $41,913.80 $97,738.98 $0.00
Total Charge off
(Months 5,4,3) $854,708.13
Total Recoveries
(Months 3,2,1) 139,652.78
Net Loss/(Recoveries)
for 3 Mos. $715,055.35(a)
Total Balance
(Months 5,4,3)$952,310,724.59(b)
Loss Ratio (a/b) 0.0751%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $291,646.29 $944,693.06 $775,462.35
As % of Beginning
Pool Balance 0.09155% 0.31623% 0.27365%
Three Month Average 0.03586% 0.14127% 0.22714%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer
<PAGE>
EXHIBIT 20.5
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of February 1994
Distribution Date of March 15, 1994
Servicer Certificate Dated March 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $275,917,957.63
Beginning Pool Factor 0.8236294
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $10,971,727.27
Interest Collected $2,189,015.49
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $248,172.08
Total Additional Deposits $248,172.08
Repos/Chargeoffs $140,503.02
Aggregate Number of Notes Charged Off 20
Total Available Funds $13,408,914.84
Ending Pool Balance $264,805,727.34
Ending Pool Factor 0.7904588
Servicing Fee $229,931.63
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $20,746,748.86
Target Percentage 7.50%
Target Balance $19,860,429.55
Minimum Balance $6,700,050.96
(Release)/Deposit $(886,319.31)
Ending Balance $19,860,429.55
Delinquencies: Dollars Notes
Installments:
1-30 days 2,159,085.00 1,863
31-60 days 238,452.00 196
60+ days 65,526.00 29
Total 2,463,063.00 1,865
Balances:
60+ days 1,137,112.14 29
Memo Item - Reserve Account
Prior Month $20,693,846.82
Invest. Income 52,902.04
Beginning Balance $20,746,748.86
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of February 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $275,917,957.63
Ending Pool Balance $264,805,727.34
Collected Principal $11,219,899.35
Collected Interest $2,189,015.49
Charge-Offs $140,503.02
Servicing $229,931.63
Total Collections Available
for Debt Service $13,178,983.21
Beginning Balance $271,308,022.91$63,605,475.14$195,976,000.00$11,726,547.77
Interest Due $961,924.22 $184,190.86 $730,827.17 $46,906.19
Interest Paid $961,924.22 $184,190.86 $730,827.17 $46,906.19
Principal Due $11,360,402.37$11,360,402.37 $0.00 $0.00
Principal Paid $11,360,402.37$11,360,402.37 $0.00 $0.00
Turbo Principal $856,656.62 $856,656.62 $0.00 $0.00
Ending Balance $259,090,963.92$51,388,416.15$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.4036796241 1.000000000 1.000000000
Total Distributions $13,178,983.21$12,401,249.85 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$20,746,748.86
(Release)/Draw $(886,319.31)
Ending Reserve Account Balance$19,860,429.55
Memo Item - Advances:
Servicer Advances - Current Month$544,037.28
Total Outstanding Servicer Advances$3,567,855.74
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of February 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
5 4 3 2 1
October 1993 November 1993 December 1993 January 1994 February 1994
Beg. Pool Balance$335,002.547.77$318,573,416.75$298,734,760.07$283,379,190.36$275,917,957.63
A)Loss Trigger:
Principal of Contracts
Charged off $234,979.66 $65,664.18 $554,064.29 $401,834.11 $140,503.02
Recoveries $0.00 $0.00 $41,913.80 $97,738.98 $248,172.08
Total Charge off
(Months 5,4,3) $854,708.13
Total Recoveries
(Months 3,2,1) 387,824.86
Net Loss/(Recoveries)
for 3 Mos. $466,883.27(a)
Total Balance
(Months 5,4,3)$952,310,724.59(b)
Loss Ratio [(a/b)(12)]0.5883%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $944,693.06 $775,462.35$1,137,112.14
As % of Beginning
Pool Balance 0.31623% 0.27365% 0.41212%
Three Month Average 0.14127% 0.22714% 0.33400%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.6
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of March 1994
Distribution Date of April 15, 1994
Servicer Certificate Dated April 11, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $264,805,727.34
Beginning Pool Factor 0.7904588
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $13,314,308.78
Interest Collected $2,188,931.34
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $241,803.22
Total Additional Deposits $241,803.22
Repos/Chargeoffs $182,498.85
Aggregate Number of Notes Charged Off 20
Total Available Funds $14,983,830.65
Ending Pool Balance $252,070,132.40
Ending Pool Factor 0.7524424
Servicing Fee $220,671.44
Repayment of Servicer Advances $761,212.69
Reserve Account:
Beginning Balance (see Memo Item) $19,918,856.94
Target Percentage 7.50%
Target Balance $18,905,259.93
Minimum Balance $6,700,050.96
(Release)/Deposit $(1,013,597.01)
Ending Balance $18,905,259.93
Delinquencies: Dollars Notes
Installments:
1-30 days 1,528,270.00 1,282
31-60 days 209,634.00 175
60+ days 76,804.00 28
Total 1,814,708.00 1,285
Balances:
60+ days 1,124,595.14 28
Memo Item - Reserve Account
Prior Month $19,860,429.55
Invest. Income 58,427.39
Beginning Balance $19,918,856.94
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of March 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $264,805,727.34
Ending Pool Balance $252,070,132.40
Collected Principal $12,794,899.31
Collected Interest $2,188,931.34
Charge-Offs $182,498.85
Servicing $220.671.44
Total Collections Available
for Debt Service $14,763,159.21
Beginning Balance $259,090,963.92$51,388,416.15$195,976,000.00$11,726,547.77
Interest Due $926,545.65 $148,812.29 $730,827.17 $46,906.19
Interest Paid $926,545.65 $148,812.29 $730,827.17 $46,906.19
Principal Due $12,977,398.16$12,977,398.16 $0.00 $0.00
Principal Paid $12,977,398.16$12,977,398.16 $0.00 $0.00
Turbo Principal $859,215.40 $859,215.40 $0.00 $0.00
Ending Balance $245,254,350.36$37,551,802.59$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.2949866661 1.000000000 1.000000000
Total Distributions $14,763,159.21$13,985,425.85 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$19,918,856.94
(Release)/Draw $(1,013,597.01)
Ending Reserve Account Balance$18,905,259.93
Memo Item - Advances:
Servicer Advances - Current Month$(761,212.69)
Total Outstanding Servicer Advanc$2,806,643.05
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of March 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
November 1993 December 1993 January 1994 February 1994 March 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$318,573,416.75$298,734,760.07$283,379,190.36$275,917,957.63$264,805,727.34
A)Loss Trigger:
Principal of Contracts
Charged off $65,664.18 $554,064.29 $401,834.11 $140,503.02 $182,498.85
Recoveries $0.00 $41,913.80 $97,738.98 $248,172.08 $241,803.22
Total Charge off
(Months 5,4,3)$1,021,562.58
Total Recoveries
(Months 3,2,1) 587,714.28
Net Loss/(Recoveries)
for 3 Mos. $433,848.30(a)
Total Balance
(Months 5,4,3)$900,687,367.18(b)
Loss Ratio [(a/b)(12)]0.5780%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $775,462.35$1,137,112.14$1,124,595.14
As % of Beginning
Pool Balance 0.27365% 0.41212% 0.42469%
Three Month Average 0.22714% 0.33400% 0.37015%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.7
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of April 1994
Distribution Date of May 16, 1994
Servicer Certificate Dated May 6, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $252,070,132.40
Beginning Pool Factor 0.7524424
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $10,686,420.41
Interest Collected $2,026,130.84
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $281,229.32
Total Additional Deposits $281,229.32
Repos/Chargeoffs $442,856.93
Aggregate Number of Notes Charged Off 35
Total Available Funds $12,993,780.57
Ending Pool Balance $240,940,855.06
Ending Pool Factor 0.7192210
Servicing Fee $210,058.44
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $18,957,307.55
Target Percentage 7.50%
Target Balance $18,070,564.13
Minimum Balance $6,700,050.96
(Release)/Deposit $(886,743.42)
Ending Balance $18,070,564.13
Delinquencies: Dollars Notes
Installments:
1-30 days 1,641,738.00 1,358
31-60 days 213,656.00 182
60+ days 84,390.00 36
Total 1,939,784.00 1,359
Balances:
60+ days 1,044,306.85 36
Memo Item - Reserve Account
Prior Month $18,905,259.93
Invest. Income 52,047.62
Beginning Balance $18,957,307.55
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of April 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $252,070,132.40
Ending Pool Balance $240,940,855.06
Collected Principal $10,967,649.73
Collected Interest $2,026,130.84
Charge-Offs $442,856.93
Servicing $210,058.44
Total Collections Available
for Debt Service $12,783,722.13
Beginning Balance $245,254,350.36$37,551,802.59$195,976,000.00$11,726,547.77
Interest Due $886,477.12 $108,743.76 $730,827.17 $46,906.19
Interest Paid $886,477.12 $108,743.76 $730,827.17 $46,906.19
Principal Due $11,410,506.66$11,410.506.66 $0.00 $0.00
Principal Paid $11,410,506.66$11,410,506.66 $0.00 $0.00
Turbo Principal $486,738.35 $486,738.35 $0.00 $0.00
Ending Balance $233,357,105.35$25,654,557.58$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.2015283392 1.000000000 1.000000000
Total Distributions $12,783,722.13$12,005,988.77 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$18,957,307.55
(Release)/Draw $(886,743.42)
Ending Reserve Account Balance$18,070,564.13
Memo Item - Advances:
Servicer Advances - Current Month$308,690.62
Total Outstanding Servicer Advances$3,115,333.67
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of April 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
December 1993 January 1994 February 1994 March 1994 April 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$298,734,760.07$283,379,190.36$275,917,957.63$264,805,727.34$252,070,132.40
A)Loss Trigger:
Principal of Contracts
Charged off $554,064.29 $401,834.11 $140,503.02 $182,498.85 $442,856.93
Recoveries $41,913.80 $97,738.98 $248,172.08 $241,803.22 $281,229.32
Total Charge off
(Months 5,4,3)$1,096,401.42
Total Recoveries
(Months 3,2,1) 771,204.62
Net Loss/(Recoveries)
for 3 Mos. $325,196.80(a)
Total Balance
(Months 5,4,3)$858,031,908.06(b)
Loss Ratio [(a/b)(12)]0.4548%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $1,137,112.14$1,124,595.14$1,044,306.85
As % of Beginning
Pool Balance 0.41212% 0.42469% 0.41429%
Three Month Average 0.33400% 0.37015% 0.41703%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/A. C. HILL
A. C. Hill
Vice President and Controller<PAGE>
EXHIBIT 20.8
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of May 1994
Distribution Date of June 15, 1994
Servicer Certificate Dated June 6, 1994
<TABLE>
<S> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $240,940,855.06
Beginning Pool Factor 0.7192210
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $11,502,540.08
Interest Collected $1,914,639.60
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $289,693.33
Total Additional Deposits $289,693.33
Repos/Chargeoffs $441,077.70
Aggregate Number of Notes Charged Off 39
Total Available Funds $13,643,813.01
Ending Pool Balance $229,060,297.28
Ending Pool Factor 0.6837569
Servicing Fee $200,784.05
Repayment of Servicer Advances $63,060.00
Reserve Account:
Beginning Balance (see Memo Item) $18,139,572.97
Target Percentage 7.50%
Target Balance $17,179,522.30
Minimum Balance $6,700,050.96
(Release)/Deposit $(960,050.67)
Ending Balance $17,179,522.30
Delinquencies: Dollars Notes
Installments:
1-30 days 1,557,186.00 1,255
31-60 days 203,388.00 187
60+ days 89,892.00 35
Total 1,850,466.00 1,255
Balances:
60+ days 1,118,483.23 35
Memo Item - Reserve Account
Prior Month $18,070,564.13
Invest. Income 69,008.84
Beginning Balance $18,139,572.97
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of May 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $240,940,855.06
Ending Pool Balance $229,060,297.28
Collected Principal $11,729,173.41
Collected Interest $1,914,639.60
Charge-Offs $441,077.70
Servicing $200,784.05
Total Collections Available
for Debt Service $13,443,028.96
Beginning Balance $233,357,105.35$25,654,557.58$195,976,000.00$11,726,547.77
Interest Due $852,024.68 $74,291.32 $730,827.17 $46,906.19
Interest Paid $852,024.68 $74,291.32 $730,827.17 $46,906.19
Principal Due $12,170,251.11$12,170,251.11 $0.00 $0.00
Principal Paid $12,170,251.11$12,170,251.11 $0.00 $0.00
Turbo Principal $420,753.17 $420,753.17 $0.00 $0.00
Ending Balance $220,766,101.07$13,063,553.30$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.1026202144 1.000000000 1.000000000
Total Distributions $13,443,028.96$12,665,295.60 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$18,139,572.97
(Release)/Draw $(960,050.67)
Ending Reserve Account Balae$17,179,522.30
Memo Item - Advances:
Servicer Advances - Current Month$(63,060.00)
Total Outstanding Servicer Advances$3,052,273.67
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of May 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
January 1994 February 1994 March 1994 April 1994 May 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$283,379,190.36$275,917,957.63$264,805,727.34$252,070,132.40$240,940,855.06
A)Loss Trigger:
Principal of Contracts
Charged off $401,834.11 $140,503.02 $182,498.85 $442,856.93 $441,077.70
Recoveries $97,738.98 $248,172.08 $241,803.22 $281,229.32 $289,693.33
Total Charge off
(Months 5,4,3) $724,835.98
Total Recoveries
(Months 3,2,1) 812,725.87
Net Loss/(Recoveries)
for 3 Mos. $(87,889.89)(a)
Total Balance
(Months 5,4,3)$824,102,875.33(b)
Loss Ratio [(a/b)(12)](0.1280)%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $1,124,595.14$1,044,306.85$1,118,483.23
As % of Beginning
Pool Balance 0.42469% 0.41429% 0.46421%
Three Month Average 0.37015% 0.41703% 0.43440%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.9
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of June 1994
Distribution Date of July 15, 1994
Servicer Certificate Dated July 8, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $229,060,297.28
Beginning Pool Factor 0.6837569
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $10,801,298.73
Interest Collected $1,851,769.03
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $510,568.46
Total Additional Deposits $510,568.46
Repos/Chargeoffs $410,903.84
Aggregate Number of Notes Charged Off 32
Total Available Funds $13,152,830.11
Ending Pool Balance $217,858,900.82
Ending Pool Factor 0.6503201
Servicing Fee $190,883.58
Repayment of Servicer Advances $10,806.11
Reserve Account:
Beginning Balance (see Memo Item) $17,238,259.89
Target Percentage 7.50%
Target Balance $16,339,417.56
Minimum Balance $6,700,050.96
(Release)/Deposit $(898,842.32)
Ending Balance $16,339,417.56
Delinquencies: Dollars Notes
Installments:
1-30 days 1,531,065.00 1,241
31-60 days 201,099.00 173
60+ days 96,792.00 31
Total 1,828,956.00 1,243
Balances:
60+ days 953,727.89 31
Memo Item - Reserve Account
Prior Month $17,179,522.30
Invest. Income 58,737.59
Beginning Balance $17,238,259.89
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of June 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $229,060,297.28
Ending Pool Balance $217,858,900.82
Collected Principal $11,301,061.08
Collected Interest $1,851,769.03
Charge-Offs $410,903.84
Servicing $190,883.58
Total Collections Available
for Debt Service $12,961,946.53
Beginning Balance $220,766,101.07$13,063,553.30$195,976,000.00$11,726,547.77
Interest Due $815,563.23 $37,829.87 $730,827.17 $46,906.19
Interest Paid $815,563.23 $37,829.87 $730,827.17 $46,906.19
Principal Due $11,711,964.92$11,711,964.92 $0.00 $0.00
Principal Paid $11,711,964.92$11,711,964.92 $0.00 $0.00
Turbo Principal $434,418.38 $434,418.38 $0.00 $0.00
Ending Balance $208,619,717.77 $917,170.00$195,976,000.00$11,726,547.77
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.0072047918 1.000000000 1.000000000
Total Distributions $12,961,946.53$12,184,213.17 $730,827.17 $46,906.19
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account B17a238$17,238,259.89
(Release)/Draw $(898,842.32)
Ending Reserve Account Balance$16,339,417.56
Memo Item - Advances:
Servicer Advances - Current Month$(10,806.11)
Total Outstanding Servicer Advances$3,041,467.56
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of June 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
February 1994 March 1994 April 1994 May 1994 June 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$275,917,957.63$264,805,727.34$252,070,132.40$240,940,855.06$229,060,297.28
A)Loss Trigger:
Principal of Contracts
Charged off $140,503.02 $182,498.85 $442,856.93 $441,077.70 $410,903.84
Recoveries $248,172.08 $241,803.22 $281,229.32 $289,693.33 $510,568.46
Total Charge off
(Months 5,4,3)$ 765,858.80
Total Recoveries
(Months 3,2,1) 1,081,491.11
Net Loss/(Recoveries)
for 3 Mos. $ (315,632.31)(a)
Total Balance
(Months 5,4,3)$792,793,817.37(b)
Loss Ratio [(a/b)(12)](0.4778)%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $1,044,306.85$1,118,483.23$953,727.89
As % of Beginning
Pool Balance 0.41429% 0.46421% 0.41637%
Three Month Average 0.41703% 0.43440% 0.43162%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.10
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of July 1994
Distribution Date of August 15, 1994
Servicer Certificate Dated August 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $217,858,900.82
Beginning Pool Factor 0.6503201
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $9,385,870.63
Interest Collected $1,735,811.95
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $511,662.50
Total Additional Deposits $511,662.50
Repos/Chargeoffs $231,352.45
Aggregate Number of Notes Charged Off 27
Total Available Funds $11,633,345.08
Ending Pool Balance $208,241,677.74
Ending Pool Factor 0.6216122
Servicing Fee $181,549.08
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $16,393,606.15
Target Percentage 7.50%
Target Balance $15,618,125.83
Minimum Balance $6,700,050.96
(Release)/Deposit $(775,480.32)
Ending Balance $15,618,125.83
Delinquencies: Dollars Notes
Installments:
1-30 days 1,449,668.00 1,193
31-60 days 270,691.00 236
60+ days 102,078.00 34
Total 1,822,437.00 1,198
Balances:
60+ days 949,378.27 34
Memo Item - Reserve Account
Prior Month $16,339,417.56
Invest. Income 54,188.59
Beginning Balance $16,393,606.15
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of July 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $217,858,900.82
Ending Pool Balance $208,241,677.74
Collected Principal $9,897,533.13
Collected Interest $1,735,811.95
Charge-Offs $231,352.45
Servicing $181,549.08
Total Collections Available
for Debt Service $11,451,796.00
Beginning Balance $208,619,717.77 $917,170.00$195,976,000.00$11,726,547.77
Interest Due $780,389.33 $2,655.97 $730,827.17 $46,906.19
Interest Paid $780,389.33 $2,655.97 $730,827.17 $46,906.19
Principal Due $10,128,885.58 $917,170.00 $8,797,188.38 $414,527.20
Principal Paid $10,128,885.58 $917,170.00 $8,797,188.38 $414,527.20
Turbo Principal $0.00 $0.00 $0.00 $0.00
Ending Balance $198,490,832.19 $0.00$187,178,811.62$11,312,020.57
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.0000000000 0.9551108892 0.9646505341
Total Distributions $10,909,274.91 $919,825.97 $9,528,015.55 $461,433.39
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $542,521.09
Beginning Reserve Account Balance$16,393,606.15
(Release)/Draw $(775,480.32)
Ending Reserve Account Balance$15,618,125.83
Memo Item - Advances:
Servicer Advances - Current Month$26,219.55
Total Outstanding Servicer Advances$3,067,687.11
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of July 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
March 1994 April 1994 May 1994 June 1994 July 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$264,805.727.34$252,070,132.40$240,940,855.06$229,060,297.28$217,858,900.82
A)Loss Trigger:
Principal of Contracts
Charged off $182,498.85 $442,856.93 $441,077.70 $410,903.84 $231,352.45
Recoveries $241,803.22 $281,229.32 $289,693.33 $510,568.46 $511,662.50
Total Charge off
(Months 5,4,3)$1,066,433.48
Total Recoveries
(Months 3,2,1) 1,311,924.29
Net Loss/(Recoveries)
for 3 Mos. $ (245,490.81)(a)
Total Balance
(Months 5,4,3)$757,816,714.80(b)
Loss Ratio [(a/b)(12)](0.3887)%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $1,118,483.23 $953,727.89 $949,378.27
As % of Beginning
Pool Balance 0.46421% 0.41637% 0.43578%
Three Month Average 0.43440% 0.43162% 0.43879%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer
<PAGE>
EXHIBIT 20.11
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of August 1994
Distribution Date of September 15,1994
Servicer Certificate Dated September 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $208,241,677.74
Beginning Pool Factor 0.6216122
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $12,034,218.19
Interest Collected $1,601,627.72
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $440,288.11
Total Additional Deposits $440,288.11
Repos/Chargeoffs $116,266.98
Aggregate Number of Notes Charged Off 20
Total Available Funds $13,669,079.33
Ending Pool Balance $196,498,247.26
Ending Pool Factor 0.5865575
Servicing Fee $173,534.73
Repayment of Servicer Advances $407,054.69
Reserve Account:
Beginning Balance (see Memo Item) $15,676,913.79
Target Percentage 7.50%
Target Balance $14,737,368.54
Minimum Balance $6,700,050.96
(Release)/Deposit $(939,545.25)
Ending Balance $14,737,368.54
Delinquencies: Dollars Notes
Installments:
1-30 days 1,133,281.00 996
31-60 days 148,679.00 155
60+ days 23,670.00 18
Total 1,305,630.00 997
Balances:
60+ days 368,635.66 18
Memo Item - Reserve Account
Prior Month $15,618,125.83
Invest. Income 58,787.96
Beginning Balance $15,676.913.79
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of August 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $208,241,677.74
Ending Pool Balance $196,498,247.26
Collected Principal $12,067,451.61
Collected Interest $1,601,627.72
Charge-Offs $116,266.98
Servicing $173,534.73
Total Collections Available
for Debt Service $13,495,544.60
Beginning Balance $198,490,832.19 $0.00$187,178,811.62$11,312,020.57
Interest Due $743,269.07 $0.00 $698,020.99 $45,248.08
Interest Paid $743,269.07 $0.00 $698,020.99 $45,248.08
Principal Due $12,183,718.59 $0.00$11,635,451.25 $548,267.34
Principal Paid $12,183,718.59 $0.00$11,635,451.25 $548,267.34
Turbo Principal $0.00 $0.00 $0.00 $0.00
Ending Balance $186,307,113.60 $0.00$175,543,360.37$10,763,753.23
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.0000000000 0.8957390720 0.9178961655
Total Distributions $12,926,987.66 $0.00$12,333,472.24 $593,515.42
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $568,556.94
Beginning Reserve Account Balance$15,676,913.79
(Release)/Draw $(939,545.25)
Ending Reserve Account Balance$14,737,368.54
Memo Item - Advances:
Servicer Advances - Current Month$(407,054.69)
Total Outstanding Servicer Advances$2,660,632.42
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of August 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
April 1993 May 1994 June 1994 July 1994 August 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$252,070,132.40$240,940,855.06$229,060,297.28$217,858,900.82$208,241,677.74
A)Loss Trigger:
Principal of Contracts
Charged off $442,856.93 $441,077.70 $410,903.84 $231,352.45 $116,266.98
Recoveries $281,229.32 $289,693.33 $510,568.46 $511,662.50 $440,288.11
Total Charge off
(Months 5,4,3)$1,294,838.47
Total Recoveries
(Months 3,2,1) 1,462,519.07
Net Loss/(Recoveries)
for 3 Mos. $(167,680.60)(a)
Total Balance
(Months 5,4,3)$722,071,284.74(b)
Loss Ratio [(a/b)(12)](0.2787)%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $953,727.89 $949,378.27 $368,635.66
As % of Beginning
Pool Balance 0.41637% 0.43578% 0.17702%
Three Month Average 0.43162% 0.43879% 0.34306%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.12
Navistar Financial 1993-A Owner Trust
Page 1 of 3
For the Month of September 1994
Distribution Date of October 17, 1994
Servicer Certificate Dated October 10, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $335,002,547.77
Beginning Pool Balance $196,498,247.26
Beginning Pool Factor 0.5865575
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $9,473,088.37
Interest Collected $1,515,227.96
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $204,705.17
Total Additional Deposits $204,705.17
Repos/Chargeoffs $132,078.67
Aggregate Number of Notes Charged Off 20
Total Available Funds $11,193,021.50
Ending Pool Balance $186,893,080.22
Ending Pool Factor 0.5578855
Servicing Fee $163,748.54
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $14,793,615.75
Target Percentage 7.50%
Target Balance $14,016,981.02
Minimum Balance $6,700,050.96
(Release)/Deposit $(776,634.74)
Ending Balance $14,016,981.02
Delinquencies: Dollars Notes
Installments:
1-30 days 1,185,721.66 1,017
31-60 days 122,133.47 129
60+ days 24,183.76 20
Total 1,332,038.89 1,017
Balances:
60+ days 272,345.53 20
Memo Item - Reserve Account
Prior Month $14,737,368.54
Invest. Income 56,247.21
Beginning Balance $14,793,615.75
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 2 of 3
For the Month of September 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$335,002,547.77$127,300,000.00$195,976,000.00$11,726,547.77
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 3.475% 4.475% 4.800%
Beginning Pool Balance $196,498,247.26
Ending Pool Balance $186,893,080.22
Collected Principal $9,677,793.54
Collected Interest $1,515,227.96
Charge-Offs $132,078.67
Servicing $163,748.54
Total Collections Available
for Debt Service $11,029,272.96
Beginning Balance $186,307,113.60 $0.00$175,543,360.37$10,763,753.23
Interest Due $697,685.46 $0.00 $654,630.45 $43,055.01
Interest Paid $697,685.46 $0.00 $654,630.45 $43,055.01
Principal Due $9,809,872.21 $0.00 $9,368,427.96 $441,444.25
Principal Paid $9,809,872.21 $0.00 $9,368,427.96 $441,444.25
Turbo Principal $0.00 $0.00 $0.00 $0.00
Ending Balance $176,497,241.39 $0.00$166,174,932.41$10,322,308.98
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.0000000000 0.8479351166 0.8802513054
Total Distributions $10,507,557.67 $0.00$10,023,058.41 $484,499.26
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $521,715.29
Beginning Reserve Account Balance$14,793,615.75
(Release)/Draw $(776,634.74)
Ending Reserve Account Balance$14,016,981.02
Memo Item - Advances:
Servicer Advances - Current Month$127,355.50
Total Outstanding Servicer Advances$2,787,987.92
</TABLE>
<PAGE>
Navistar Financial 1993-A Owner Trust
Page 3 of 3
For the Month of September 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
May 1994 June 1994 July 1994 August 1994 September 1994
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$240,940,855.06$229,060,297.28$217,858,900.82$208,241,677.74$196,498,247.26
A)Loss Trigger:
Principal of Contracts
Charged off $441,077.70 $410,903.84 $231,352.45 $116,266.98 $132,078.67
Recoveries $289,693.33 $510,568.46 $511,662.50 $440,288.11 $204,705.17
Total Charge off
(Months 5,4,3)$1,083,333.99
Total Recoveries
(Months 3,2,1) 1,156,655.78
Net Loss/(Recoveries)
for 3 Mos. $ (73,321.79)(a)
Total Balance
(Months 5,4,3)$687,860,053.16(b)
Loss Ratio [(a/b)(12)](0.1279)%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $949,378.27 $368,635.66 $272,345.53
As % of Beginning
Pool Balance 0.43578% 0.17702% 0.13860%
Three Month Average 0.43879% 0.34306% 0.25047%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.13
Navistar Financial 1994-A Owner Trust
Page 1 of 3
For the Month of April 1994
Distribution Date of May 16, 1994
Servicer Certificate Dated May 10, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $280,021,471.35
Beginning Pool Balance $280,021,471.35
Beginning Pool Factor 1.0000000
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $7,343,103.00
Interest Collected $2,123,730.33
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $0.00
Total Additional Deposits $0.00
Repos/Chargeoffs $67,054.57
Aggregate Number of Notes Charged Off N/A
Total Available Funds $9,466,833.33
Ending Pool Balance $272,611,313.78
Ending Pool Factor 0.9735372
Servicing Fee $233,351.23
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $18,220,374.78
Target Percentage 6.50%
Target Balance $17,719,735.40
Minimum Balance $5,600,429.43
(Release)/Deposit $(500,639.38)
Ending Balance $17,719,735.40
Delinquencies: Dollars Notes
Installments:
1-30 days 1,300,464.00 1,137
31-60 days 79,730.00 84
60+ days 7,330.00 7
Total 1,387,524.00 1,137
Balances:
60+ days 249,230.46 7
Memo Item - Reserve Account
Prior Month $18,201,395.64
Invest. Income 18,979.14
Beginning Balance $18,220,374.78
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 2 of 3
For the Month of April 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$280,021,471.35$89,606,000.00$180,614,000.00$9,801,471.35
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 4.531% 5.930% 6.260%
Beginning Pool Balance $280,021,471.35
Ending Pool Balance $272,611,313.78
Collected Principal $7,343,103.00
Collected Interest $2,123,730.33
Charge-Offs $67,054.57
Servicing $233,351.23
Total Collections Available
for Debt Service $9,233,482.10
Beginning Balance $280,021,471.35$89,606,000.00$180,614,000.00$9,801,471.35
Interest Due $543,479.61 $135,334.93 $357,013.67 $51,131.01
Interest Paid $543,479.61 $135,334.93 $357,013.67 $51,131.01
Principal Due $7,410,157.57$7,410,157.57 $0.00 $0.00
Principal Paid $7,410,157.57$7,410,157.57 $0.00 $0.00
Turbo Principal $1,279,844.92$1,279,844.92 $0.00 $0.00
Ending Balance $271,331,468.86$80,915,997.51$180,614,000.00$9,801,471.35
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.9030198592 1.0000000000 1.0000000000
Total Distributions $9,233,482.10$8,825,337.42 $357,013.67 $51,131.01
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$18,220,374.78
(Release)/Draw $(500,639.38)
Ending Reserve Account Balance$17,719,735.40
Memo Item - Advances:
Servicer Advances - Current Month$1,580,249.97
Total Outstanding Servicer Advances$1,580,249.97
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 3 of 3
For the Month of April 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
April 1994 May 1994 June 1994 July 1994 August 1994
<S> <C>
Beg. Pool Balance$280,021,471.35
A)Loss Trigger:
Principal of Contracts
Charged off $67,054.57
Recoveries $0.00
Total Charge off
(Months 5,4,3) $67,054.57
Total Recoveries
(Months 3,2,1) 0.00
Net Loss/(Recoveries)
for 3 Mos. $67,054.57(a)
Total Balance
(Months 5,4,3)$280,021,471.35(b)
Loss Ratio [(a/b)(12)]0.2874%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $249,230.46
As % of Beginning
Pool Balance 0.08900%
Three Month Average0.02967%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/A. C. HILL
A. C. HILL
Vice President and Controller<PAGE>
EXHIBIT 20.14
Navistar Financial 1994-A Owner Trust
Page 1 of 3
For the Month of May 1994
Distribution Date of June 15, 1994
Servicer Certificate Dated June 6, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $280,021,471.35
Beginning Pool Balance $272,611,313.78
Beginning Pool Factor 0.9735372
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $9,407,551.96
Interest Collected $2,040,819.63
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $0.00
Total Additional Deposits $0.00
Repos/Chargeoffs $78,864.32
Aggregate Number of Notes Charged Off N/A
Total Available Funds $11,448,371.59
Ending Pool Balance $263,124,897.50
Ending Pool Factor 0.9396597
Servicing Fee $227,176.09
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $17,787,403.78
Target Percentage 6.50%
Target Balance $17,103,118.34
Minimum Balance $5,600,429.43
(Release)/Deposit $(684,285.44)
Ending Balance $17,103,118.34
Delinquencies: Dollars Notes
Installments:
1-30 days 1,337,789.00 1,186
31-60 days 83,640.00 80
60+ days 18,178.00 14
Total 1,439,607.00 1,187
Balances:
60+ days 367,449.37 14
Memo Item - Reserve Account
Prior Month $17,719,735.40
Invest. Income 67,668.38
Beginning Balance $17,787,403.78
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 2 of 3
For the Month of May 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$280,021,471.35$89,606,000.00$180,614,000.00$9,801,471.35
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 4.531% 5.930% 6.260%
Beginning Pool Balance $272,611,313.78
Ending Pool Balance $263,124,897.50
Collected Principal $9,407,551.96
Collected Interest $2,040,819.63
Charge-Offs $78,864.32
Servicing $227,176.09
Total Collections Available
for Debt Service $11,221,195.50
Beginning Balance $271,331,468.86$80,915,997.51$180,614,000.00$9,801,471.35
Interest Due $1,249,190.51 $305,525.32 $892,534.18 $51,131.01
Interest Paid $1,249,190.51 $305,525.32 $892,534.18 $51,131.01
Principal Due $9,486,416.28$9,486,416.28 $0.00 $0.00
Principal Paid $9,486,416.28$9,486,416.28 $0.00 $0.00
Turbo Principal $485,588.71 $485,588.71 $0.00 $0.00
Ending Balance $261,359,463.87$70,943,992.52$180,614,000.00$9,801,471.35
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.7917326130 1.000000000 1.000000000
Total Distributions $11,221,195.50$10,277,530.31 $892,534.18 $51,131.01
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$17,787,403.78
(Release)/Draw $(684,285.44)
Ending Reserve Account Balance$17,103,118.34
Memo Item - Advances:
Servicer Advances - Current Month$68,371.85
Total Outstanding Servicer Advances$1,648,621.82
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 3 of 3
For the Month of May 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Apr-94 May-94 Jun-94 Jul-94 Aug-94
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$280,021,471.35$272,611,313.78
A)Loss Trigger:
Principal of Contracts
Charged off $67,054.57 $78,864.32
Recoveries $0.00 $0.00
Total Charge off
(Months 5,4,3) $145,918.89
Total Recoveries
(Months 3,2,1) 0.00
Net Loss/(Recoveries)
for 3 Mos. $145,918.89(a)
Total Balance
(Months 5,4,3)$552,632,785.13(b)
Loss Ratio [(a/b)(12)]0.3169%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $249,230.46 $367,449.37
As % of Beginning
Pool Balance 0.08900% 0.13479%
Three Month Average0.02967% 0.07460%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.15
Navistar Financial 1994-A Owner Trust
Page 1 of 3
For the Month of June 1994
Distribution Date of July 15, 1994
Servicer Certificate Dated July 11, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $280,021,471.35
Beginning Pool Balance $263,124,897.50
Beginning Pool Factor 0.9396597
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $9,633,621.00
Interest Collected $1,997,197.63
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $61,091.00
Total Additional Deposits $61,091.00
Repos/Chargeoffs $50,065.52
Aggregate Number of Notes Charged Off 3
Total Available Funds $11,547,870.53
Ending Pool Balance $253,585,250.08
Ending Pool Factor 0.9055922
Servicing Fee $219,270.75
Repayment of Servicer Advances $144,039.10
Reserve Account:
Beginning Balance (see Memo Item) $17,161,596.08
Target Percentage 6.50%
Target Balance $16,483,041.26
Minimum Balance $5,600,429.43
(Release)/Deposit $(678,554.82)
Ending Balance $16,483,041.26
Delinquencies: Dollars Notes
Installments:
1-30 days 1,247,038.00 1,049
31-60 days 90,050.00 79
60+ days 6,731.00 10
Total 1,343,819.00 1,049
Balances:
60+ days 197,402.41 10
Memo Item - Reserve Account
Prior Month $17,103,118.34
Invest. Income 58,477.74
Beginning Balance $17,161,596.08
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 2 of 3
For the Month of June 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$280,021,471.35$89,606,000.00$180,614,000.00$9,801,471.35
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 4.531% 5.930% 6.260%
Beginning Pool Balance $263,124,897.50
Ending Pool Balance $253,585,250.08
Collected Principal $9,550,672.90
Collected Interest $1,997,197.63
Charge-Offs $50,065.52
Servicing $219,270.75
Total Collections Available
for Debt Service $11,328,599.78
Beginning Balance $261,359,463.87$70,943,992.52$180,614,000.00$9,801,471.35
Interest Due $1,211,537.88 $267,872.69 $892,534.18 $51,131.01
Interest Paid $1,211,537.88 $267,872.69 $892,534.18 $51,131.01
Principal Due $9,600,738.42$9,600,738.42 $0.00 $0.00
Principal Paid $9,600,738.42$9,600,738.42 $0.00 $0.00
Turbo Principal $516,323.48 $516,323.48 $0.00 $0.00
Ending Balance $251,242,401.97$60,826,930.62$180,614,000.00$9,801,471.35
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.6788265364 1.000000000 1.000000000
Total Distributions $11,328,599.78$10,384,934.59 $892,534.18 $51,131.01
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$17,161,596.08
(Release)/Draw $(678,554.82)
Ending Reserve Account Balance$16,483,041.26
Memo Item - Advances:
Servicer Advances - Current Month$(144,039.10)
Total Outstanding Servicer Advances$1,504,582.72
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 3 of 3
For the Month of June 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Apr-94 May-94 Jun-94 Jul-94 Aug-94
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$280,021,471.35$272,611,313.78$263,124,897.50
A)Loss Trigger:
Principal of Contracts
Charged off $67,054.57 $78,864.32 $50,065.52
Recoveries $0.00 $0.00 $61,091.00
Total Charge off
(Months 5,4,3) $195,984.41
Total Recoveries
(Months 3,2,1) 61,091.00
Net Loss/(Recoveries)
for 3 Mos. $134,893.41(a)
Total Balance
(Months 5,4,3)$815,757,682.63(b)
Loss Ratio [(a/b)(12)]0.1984%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $249,230.46 $367,449.37 $197,402.41
As % of Beginning
Pool Balance 0.08900% 0.13479% 0.07502%
Three Month Average0.02967% 0.07460% 0.09961%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.16
Navistar Financial 1994-A Owner Trust
Page 1 of 3
For the Month of July 1994
Distribution Date of August 15, 1994
Servicer Certificate Dated August 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $280,021,471.35
Beginning Pool Balance $253,585,250.08
Beginning Pool Factor 0.9055922
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $7,676,808.31
Interest Collected $1,916,912.90
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $18,910.43
Total Additional Deposits $18,910.43
Repos/Chargeoffs $89,965.32
Aggregate Number of Notes Charged Off 4
Total Available Funds $9,612,631.64
Ending Pool Balance $245,818,476.45
Ending Pool Factor 0.8778558
Servicing Fee $211,321.04
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $16,537,707.43
Target Percentage 6.50%
Target Balance $15,978,200.97
Minimum Balance $5,600,429.43
(Release)/Deposit $(559,506.46)
Ending Balance $15,978,200.97
Delinquencies: Dollars Notes
Installments:
1-30 days 1,177,120.00 1,050
31-60 days 127,569.00 123
60+ days 16,743.00 18
Total 1,321,432.00 1,052
Balances:
60+ days 453,850.76 18
Memo Item - Reserve Account
Prior Month $16,483,041.26
Invest. Income 54,666.17
Beginning Balance $16,537,707.43<PAGE>
Navistar Financial 1994-A Owner Trust
Page 2 of 3
For the Month of July 1994
</TABLE>
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$280,021,471.35$89,606,000.00$180,614,000.00$9,801,471.35
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 4.531% 5.930% 6.260%
Beginning Pool Balance $253,585,250.08
Ending Pool Balance $245,818,476.45
Collected Principal $7,695,718.74
Collected Interest $1,916,912.90
Charge-Offs $89,965.32
Servicing $211,321.04
Total Collections Available
for Debt Service $9,401,310.60
Beginning Balance $251,242,401.97$60,826,930.62$180,614,000.00$9,801,471.35
Interest Due $1,173,337.54 $229,672.35 $892,534.18 $51,131.01
Interest Paid $1,173,337.54 $229,672.35 $892,534.18 $51,131.01
Principal Due $7,785,684.06$7,785,684.06 $0.00 $0.00
Principal Paid $7,785,684.06$7,785,684.06 $0.00 $0.00
Turbo Principal $442,289.00 $442,289.00 $0.00 $0.00
Ending Balance $243,014,428.91$52,598,957.56$180,614,000.00$9,801,471.35
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.5870026289 1.000000000 1.000000000
Total Distributions $9,401,310.60$8,457,645.41 $892,534.18 $51,131.01
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$16,537,707.43
(Release)/Draw $(559,506.46)
Ending Reserve Account Balance$15,978,200.97
Memo Item - Advances:
Servicer Advances - Current Mo$123,582.20
Total Outstanding Servicer Advances$1,628,164.92
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 3 of 3
For the Month of July 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Apr-94 May-94 Jun-94 Jul-94 Aug-94
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$280,021,471.35$272,611,313.78$263,124,897.50$253,585,250.08
A)Loss Trigger:
Principal of Contracts
Charged off $67,054.57 $78,864.32 $50,065.52 $89,965.32
Recoveries $0.00 $0.00 $61,091.00 $18,910.43
Total Charge off
(Months 5,4,3) $195,984.41
Total Recoveries
(Months 3,2,1) 80,001.43
Net Loss/(Recoveries)
for 3 Mos. $115,982.98(a)
Total Balance
(Months 5,4,3)$815,757,682.63(b)
Loss Ratio [(a/b)(12)]0.1706%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $367,449.37 $197,402.41 $453,850.76
As % of Beginning
Pool Balance 0.13479% 0.07502% 0.17897%
Three Month Average 0.07460% 0.09961% 0.12959%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.17
Navistar Financial 1994-A Owner Trust
Page 1 of 3
For the Month of August 1994
Distribution Date of September 15, 1994
Servicer Certificate Dated September 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $280,021,471.35
Beginning Pool Balance $245,818,476.45
Beginning Pool Factor 0.8778558
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $7,156,087.40
Interest Collected $1,836,807.29
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $40,465.78
Total Additional Deposits $40,465.78
Repos/Chargeoffs $241,522.18
Aggregate Number of Notes Charged Off 12
Total Available Funds $8,999,676.81
Ending Pool Balance $238,454,550.53
Ending Pool Factor 0.8515581
Servicing Fee $204,848.73
Repayment of Servicer Advances $33,683.66
Reserve Account:
Beginning Balance (see Memo Item) $16,038,344.01
Target Percentage 6.50%
Target Balance $15,499,545.78
Minimum Balance $5,600,429.43
(Release)/Deposit $(538,798.23)
Ending Balance $15,499,545.78
Delinquencies: Dollars Notes
Installments:
1-30 days 1,028,680.00 898
31-60 days 115,740.00 108
60+ days 7,575.00 8
Total 1,151,995.00 898
Balances:
60+ days 262,843.43 8
Memo Item - Reserve Account
Prior Month $15,978,200.97
Invest. Income 60,143.04
Beginning Balance $16,038,344.01
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 2 of 3
For the Month of August 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$280,021,471.35$89,606,000.00$180,614,000.00$9,801,471.35
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 4.531% 5.930% 6.260%
Beginning Pool Balance $245,818,476.45
Ending Pool Balance $238,454,550.53
Collected Principal $7,162,869.52
Collected Interest $1,836,807.29
Charge-Offs $241,522.18
Servicing $204,848.73
Total Collections Available
for Debt Service $8,794,828.08
Beginning Balance $243,014,428.91$52,598,957.56$180,614,000.00$9,801,471.35
Interest Due $1,142,270.09 $198,604.90 $892,534.18 $51,131.01
Interest Paid $1,142,270.09 $198,604.90 $892,534.18 $51,131.01
Principal Due $7,404,391.70$7,404,391.70 $0.00 $0.00
Principal Paid $7,404,391.70$7,404,391.70 $0.00 $0.00
Turbo Principal $248,166.29 $248,166.29 $0.00 $0.00
Ending Balance $235,361,870.92$44,946,399.57$180,614,000.00$9,801,471.35
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.5016003345 1.000000000 1.000000000
Total Distributions $8,794,828.08$7,851,162.89 $892,534.18 $51,131.01
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00 $0.00
Excess Servicing $0.00
Beginning Reserve Account Balance$16,038,344.01
(Release)/Draw $(538,798.23)
Ending Reserve Account Balance$15,499,545.78
Memo Item - Advances:
Servicer Advances - Current Month$(33,683.66)
Total Outstanding Servicer Advances$1,594,481.26
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 3 of 3
For the Month of August 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Apr-94 May-94 Jun-94 Jul-94 Aug-94
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$280,021,471.35$272,611,313.78$263,124,897.50$253,585,250.08$245,818,476.45
A)Loss Trigger:
Principal of Contracts
Charged off $67,054.57 $78,864.32 $50,065.52 $89,965.32 $241,522.18
Recoveries $0.00 $0.00 $61,091.00 $18,910.43 $40,465.78
Total Charge off
(Months 5,4,3) $195,984.41
Total Recoveries
(Months 3,2,1) 120,467.21
Net Loss/(Recoveries)
for 3 Mos. $75,517.20(a)
Total Balance
(Months 5,4,3)$815,757,682.63(b)
Loss Ratio [(a/b)(12)]0.1111%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $197,402.41 $453,850.76 $262,843.43
As % of Beginning
Pool Balance 0.07502% 0.17897% 0.10693%
Three Month Average 0.09961% 0.12959% 0.12031%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.18
Navistar Financial 1994-A Owner Trust
Page 1 of 3
For the Month of September 1994
Distribution Date of October 17, 1994
Servicer Certificate Dated October 10, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $280,021,471.35
Beginning Pool Balance $238,454,550.53
Beginning Pool Factor 0.8515581
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $7,469,800.16
Interest Collected $1,794,513.41
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $265,226.99
Total Additional Deposits $265,226.99
Repos/Chargeoffs $252,895.29
Aggregate Number of Notes Charged Off 20
Total Available Funds $9,529,540.56
Ending Pool Balance $230,731,855.08
Ending Pool Factor 0.8239792
Servicing Fee $198,712.13
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $15,558,701.35
Target Percentage 6.50%
Target Balance $14,997,570.58
Minimum Balance $5,600,429.43
(Release)/Deposit $(561,130.77)
Ending Balance $14,997,570.58
Delinquencies: Dollars Notes
Installments:
1-30 days 1,033,790.43 892
31-60 days 97,279.59 95
60+ days 24,585.62 24
Total 1,155,655.64 901
Balances:
60+ days 897,805.89 24
Memo Item - Reserve Account
Prior Month $15,499,545.78
Invest. Income 59,155.57
Beginning Balance $15,558,701.35
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 2 of 3
For the Month of September 1994
<TABLE>
<CAPTION>
[-----------------------NOTES----------------------]
CLASS A-1
TOTAL (MONEY MARKET) CLASS A-2 CERTIFICATES
<S> <C> <C> <C> <C>
Original Pool Amount Dist.:$280,021,471.35$89,606,000.00$180,614,000.00$9,801,471.35
Distribution Percentages 100.00% 95.50% 4.50%
Turbo Percentages 100.00% 0.00% 0.00%
Coupon 4.531% 5.930% 6.260%
Beginning Pool Balance $238,454,550.53
Ending Pool Balance $230,731,855.08
Collected Principal $7,735,027.15
Collected Interest $1,794,513.41
Charge-Offs $252,895.29
Servicing $198,712.13
Total Collections Available
for Debt Service $9,330,828.43
Beginning Balance $235,361,870.92$44,946,399.57$180,614,000.00$9,801,471.35
Interest Due $1,113,375.30 $169,710.11 $892,534.18 $51,131.01
Interest Paid $1,113,375.30 $169,710.11 $892,534.18 $51,131.01
Principal Due $7,987,922.44$7,987,922.44 $(0.00) $(0.00)
Principal Paid $7,987,922.44$7,987,922.44 $0.00 $0.00
Turbo Principal $229,530.69 $229,530.69 $0.00 $0.00
Ending Balance $227,144,417.79$36,728,946.44$180,614,000.00$9,801.471.35
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.4098938289 1.000000000 1.000000000
Total Distributions $9,330,828.43$8,387,163.24 $892,534.18 $51,131.01
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $(0.00) $0.00 $(0.00) $(0.00)
Total Shortfall (required from Reserve)$(0.00) $0.00 $(0.00) $(0.00)
Excess Servicing $0.00
Beginning Reserve Account Balance$15,558,701.35
(Release)/Draw $(561,130.77)
Ending Reserve Account Balance$14,997,570.58
Memo Item - Advances:
Servicer Advances - Current Month$219,996.94
Total Outstanding Servicer Advances$1,645,041.20
</TABLE>
<PAGE>
Navistar Financial 1994-A Owner Trust
Page 3 of 3
For the Month of September 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
May-94 Jun-94 Jul-94 Aug-94 Sep-94
<S> <C> <C> <C> <C> <C>
Beg. Pool Balance$272,611,313.78$263,124,897.50$253,585,250.08$245,818,476.45$238,454,550.53
A)Loss Trigger:
Principal of Contracts
Charged off $78,864.32 $50,065.52 $89,965.32 $241,522.18 $252,895.29
Recoveries $0.00 $61,091.00 $18,910.43 $40,465.78 $265,226.99
Total Charge off
(Months 5,4,3) $218,895.16
Total Recoveries
(Months 3,2,1) 324,603.20
Net Loss/(Recoveries)
for 3 Mos. $(105,708.04)(a)
Total Balance
(Months 5,4,3)$789,321,461.36(b)
Loss Ratio [(a/b)(12)](0.1607)%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $453,850.76 $262,843.43 $897,805.89
As % of Beginning
Pool Balance 0.17897% 0.10693% 0.37651%
Three Month Average 0.12959% 0.12031% 0.22080%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.19
Navistar Financial 1994-B Owner Trust
Page 1 of 3
For the Month of July 1994
Distribution Date of August 15, 1994
Servicer Certificate Dated August 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $215,029,773.64
Beginning Pool Balance $215,029,773.64
Beginning Pool Factor 1.0000000
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $6,033,634.20
Interest Collected $1,683,065.34
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $0.00
Total Additional Deposits $0.00
Repos/Chargeoffs $29,668.94
Aggregate Number of Notes Charged Off 0
Total Available Funds $7,716,699.54
Ending Pool Balance $208,966,470.50
Ending Pool Factor 0.9718025
Servicing Fee $179,191.48
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $13,991,450.45
Target Percentage 6.50%
Target Balance $13,582,820.58
Minimum Balance $4,300,595.47
(Release)/Deposit $(408,629.87)
Ending Balance $13,582,820.58
Delinquencies: Dollars Notes
Installments:
1-30 days 828,957.00 712
31-60 days 32,823.00 36
60+ days 2,258.00 4
Total 864,038.00 712
Balances:
60+ days 72,067.38 4
Memo Item - Reserve Account
Prior Month $13,976,935.29
Invest. Income 14,515.16
Beginning Balance $13,991,450.45
</TABLE>
<PAGE>
Navistar Financial 1994-B Owner Trust
Page 2 of 3
For the Month of July 1994
<TABLE>
<CAPTION>
TOTAL NOTES CERTIFICATES
<S> <C> <C> <C>
Original Pool Amount Dist.:$215,029,773.64$207,503,000.00$7,526,773.64
Distribution Percentages 96.50% 3.50%
Coupon 6.400% 6.625%
Beginning Pool Balance $215,029,773.64
Ending Pool Balance $208,966,470.50
Collected Principal $6,033,634.20
Collected Interest $1,683,065.34
Charge-Offs $29,668.94
Servicing $179,191.48
Total Collections Available
for Debt Service $7,537,508.06
Beginning Balance $215,029,773.64$207,503,000.00$7,526,773.64
Interest Due $459,294.70 $442,673.07 $16,621.63
Interest Paid $459,294.70 $442,673.07 $16,621.63
Principal Due $6,063,303.14$5,851,087.53 $212,215.61
Principal Paid $6,063,303.14$5,851,087.53 $212,215.61
Ending Balance $208,966,470.50$201,651,912.47$7,314,558.03
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.9718023955 0.9718052355
Total Distributions $6,522,597.84$6,293,760.60 $228,837.24
Interest Shortfall $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00
Excess Servicing $1,014,910.22
Beginning Reserve Account Balance$13,991,450.45
(Release)/Draw $(408,629.87)
Ending Reserve Account Balance$13,582,820.58
Memo Item - Advances:
Servicer Advances - Current Month$1,055,743.83
Total Outstanding Servicer Advances$1,055,743.83
</TABLE>
<PAGE>
Navistar Financial 1994-B Owner Trust
Page 3 of 3
For the Month of July 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Jul-94 Aug-94 Sep-94 Oct-94 Nov-94
<S> <C>
Beg. Pool Balance$215,029,773.64
A)Loss Trigger:
Principal of Contracts
Charged off $29,668.94
Recoveries $0.00
Total Charge off
(Months 5,4,3) $29,668.94
Total Recoveries
(Months 3,2,1) 0.00
Net Loss/(Recoveries)
for 3 Mos. $29,668.94(a)
Total Balance
(Months 5,4,3)$215,029,773.64(b)
Loss Ratio [(a/b)(12)]0.1656%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $72,067.38
As % of Beginning
Pool Balance 0.03352%
Three Month Average0.01117%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.20
Navistar Financial 1994-B Owner Trust
Page 1 of 3
For the Month of August 1994
Distribution Date of September 15, 1994
Servicer Certificate Dated September 9, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $215,029,773.64
Beginning Pool Balance $208,966,470.50
Beginning Pool Factor 0.9718025
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $5,696,733.96
Interest Collected $1,630,311.52
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $9,735.95
Total Additional Deposits $9,735.95
Repos/Chargeoffs $30,458.71
Aggregate Number of Notes Charged Off 3
Total Available Funds $7,214,433.02
Ending Pool Balance $203,361,626.24
Ending Pool Factor 0.9457371
Servicing Fee $174,138.73
Repayment of Servicer Advances $122,348.41
Reserve Account:
Beginning Balance (see Memo Item) $13,633,944.80
Target Percentage 6.50%
Target Balance $13,218,505.71
Minimum Balance $4,300,595.47
(Release)/Deposit $(415,439.09)
Ending Balance $13,218,505.71
Delinquencies: Dollars Notes
Installments:
1-30 days 651,806.00 582
31-60 days 51,475.00 50
60+ days 1,141.00 1
Total 704,422.00 582
Balances:
60+ days 35,365.73 1
Memo Item - Reserve Account
Prior Month $13,582,820.58
Invest. Income 51,124.22
Beginning Balance $13,633,944.80
</TABLE>
<PAGE>
Navistar Financial 1994-B Owner Trust
Page 2 of 3
For the Month of August 1994
<TABLE>
<CAPTION>
TOTAL NOTES CERTIFICATES
<S> <C> <C> <C>
Original Pool Amount Dist.:$215,029.773.64$207,503,000.00$7,526,773.64
Distribution Percentages 96.50% 3.50%
Coupon 6.400% 6.625%
Beginning Pool Balance $208,966,470.50
Ending Pool Balance $203,361,626.24
Collected Principal $5,584,121.50
Collected Interest $1,630,311.52
Charge-Offs $30,458.71
Servicing $174,138.73
Total Collections Available
for Debt Service $7,040,294.29
Beginning Balance $208,966,470.50$201,651,912.47$7,314,558.03
Interest Due $1,115,859.33$1,075,476.87 $40,382.46
Interest Paid $1,115,859.33$1,075,476.87 $40,382.46
Principal Due $5,614,580.21$5,418,069.90 $196,510.31
Principal Paid $5,614,580.21$5,418,069.90 $196,510.31
Ending Balance $203,351,890.29$196,233,842.57$7,118,047.72
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.9456915927 0.9456970627
Total Distributions $6,730,439.54$6,493,546.77 $236,892.77
Interest Shortfall $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00
Excess Servicing $309,854.76
Beginning Reserve Account Balance$13,633,944.80
(Release)/Draw $(415,439.09)
Ending Reserve Account Balance$13,218,505.71
Memo Item - Advances:
Servicer Advances - Current Month$(122,348.41)
Total Outstanding Servicer Advances$933,395.42
</TABLE>
<PAGE>
Navistar Financial 1994-B Owner Trust
Page 3 of 3
For the Month of August 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Jul-94 Aug-94 Sep-94 Oct-94 Nov-94
<S> <C> <C>
Beg. Pool Balance$215,029,773.64$208,966,470.50
A)Loss Trigger:
Principal of Contracts
Charged off $29,668.94 $30,458.71
Recoveries $0.00 $9,735.95
Total Charge off
(Months 5,4,3) $60,127.65
Total Recoveries
(Months 3,2,1) 0.00
Net Loss/(Recoveries)
for 3 Mos. $60,127.65(a)
Total Balance
(Months 5,4,3)$423,996,244.14(b)
Loss Ratio [(a/b)(12)]0.1702%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $72,067.38 $35,365.73
As % of Beginning
Pool Balance 0.03352% 0.01692%
Three Month Average0.01117% 0.01681%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
EXHIBIT 20.21
Navistar Financial 1994-B Owner Trust
Page 1 of 3
For the Month of September 1994
Distribution Date of October 17, 1994
Servicer Certificate Dated October 10, 1994
<TABLE>
<S> <C> <C>
Original Pool Amount $215,029,773.64
Beginning Pool Balance $203,361,626.24
Beginning Pool Factor 0.9457371
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $5,183,519.18
Interest Collected $1,599,700.33
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $15,441.03
Total Additional Deposits $15,441.03
Repos/Chargeoffs $102,483.43
Aggregate Number of Notes Charged Off 8
Total Available Funds $6,798,660.54
Ending Pool Balance $198,075,623.63
Ending Pool Factor 0.9211544
Servicing Fee $169,468.02
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $13,268,955.30
Target Percentage 6.50%
Target Balance $12,874,915.54
Minimum Balance $4,300,595.47
(Release)/Deposit $(394,039.76)
Ending Balance $12,874,915.54
Delinquencies: Dollars Notes
Installments:
1-30 days 749,356.17 644
31-60 days 55,993.08 53
60+ days 12,617.00 12
Total 817,966.25 651
Balances:
60+ days 582,599.69 12
Memo Item - Reserve Account
Prior Month $13,218,505.71
Invest. Income 50,449.59
Beginning Balance $13,268,955.30
</TABLE>
<PAGE>
Navistar Financial 1994-B Owner Trust
Page 2 of 3
For the Month of September 1994
<TABLE>
<CAPTION>
TOTAL NOTES CERTIFICATES
<S> <C> <C> <C>
Original Pool Amount Dist.:$215,029,773.64$207,503,000.00$7,526,773.64
Distribution Percentages 96.50% 3.50%
Coupon 6.400% 6.625%
Beginning Pool Balance $203,361,626.24
Ending Pool Balance $198,075,623.63
Collected Principal $5,198,960.21
Collected Interest $1,599,700.33
Charge-Offs $102,483.43
Servicing $169,468.02
Total Collections Available
for Debt Service $6,629,192.52
Beginning Balance $203,351,890.29$196,233,842.57$7,118,047.72
Interest Due $1,085,878.05$1,046,580.49 $39,297.56
Interest Paid $1,085,878.05$1,046,580.49 $39,297.56
Principal Due $5,301,443.64$5,115,893.11 $185,550.53
Principal Paid $5,301,443.64$5,115,893.11 $185,550.53
Ending Balance $198,050,446.65$191,117,949.46$6,932,497.19
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.9210370426 0.9210449954
Total Distributions $6,387,321.69$6,162,473.60 $224,848.09
Interest Shortfall $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00
Total Shortfall (required from Reserve)$0.00 $0.00 $0.00
Excess Servicing $241,870.83
Beginning Reserve Account Balance$13,268,955.30
(Release)/Draw $(394,039.76)
Ending Reserve Account Balance$12,874,915.54
Memo Item - Advances:
Servicer Advances - Current Month$181,563.41
Total Outstanding Servicer Advances$1,114,958.83
</TABLE>
<PAGE>
Navistar Financial 1994-B Owner Trust
Page 3 of 3
For the Month of September 1994
Trigger Events: A) Loss Trigger
B) Delinquency Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Jul-94 Aug-94 Sep-94 Oct-94 Nov-94
<S> <C> <C> <C>
Beg. Pool Balance$215,029,773.64$208,966,470.50$203,361,626.24
A)Loss Trigger:
Principal of Contracts
Charged off $29,668.94 $30,458.71 $102,483.43
Recoveries $0.00 $9,735.95 $15,441.03
Total Charge off
(Months 5,4,3) $162,611.08
Total Recoveries
(Months 3,2,1) 15,441.03
Net Loss/(Recoveries)
for 3 Mos. $147,170.05(a)
Total Balance
(Months 5,4,3)$627,357,870.38(b)
Loss Ratio [(a/b)(12)]0.2815%
Trigger:
Is Ratio> 1.5% No
B) Delinquency Trigger:
Balance delinquency
60+ days $72,067.38 $35,365.73 $582,599.69
As % of Beginning
Pool Balance 0.03352% 0.01692% 0.28648%
Three Month Average0.01117% 0.01681% 0.11231%
Trigger:
Is Average> 2.0% No
</TABLE>
Navistar Financial Corporation
by:/s/R. W. CAIN
R. W. CAIN
Vice President and Treasurer<PAGE>
