SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
FORM 10-K 405
___________________
X Annual Report Pursuant to Section 13 or 15(d)
--- of the Securities Exchange Act of 1934
For the fiscal year ended October 31, 1999
OR
Transition Report Pursuant to Section 13 or 15(d)
--- of the Securities Exchange Act of 1934
for the transition period from _______ to _______
Commission file number 33-99294
JOHN DEERE OWNER TRUST 1999-A
(Exact name of registrant as specified in its charter)
Delaware 36-7278661
(State of incorporation (IRS Employer
or organization) Identification No.)
c/o John Deere Capital Corporation
1 East First Street, Suite 600
Reno, Nevada 89501 (702) 786-5527
(Address of principal (Zip (Telephone Number)
executive offices) Code)
SECURITIES REGISTERED PURSUANT
TO SECTION 12(b) OF THE ACT: NONE
SECURITIES REGISTERED PURSUANT
TO SECTION 12(g) OF THE ACT: NONE
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
--- ---
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
<PAGE>
This Annual Report on Form 10-K 405 is filed in accordance
with letters submitted to the Division of Corporation Finance of
the Securities and Exchange Commission on behalf of similar
Trusts by the Servicer and Depositor of the Trust. Accordingly,
responses to certain Items have been omitted from or modified in
this report.
PART I
Item 1. Business.
Not Applicable.
Item 2. Properties.
John Deere Owner Trust 1999-A (the "Trust") is a trust
established under the laws of the State of Delaware by the Trust
Agreement dated as of May 15, 1999 (the "Trust Agreement")
between John Deere Receivables, Inc. (the "Seller") and Bankers
Trust (Delaware), acting thereunder not in its individual
capacity but solely as trustee of the Trust. John Deere Capital
Corporation (the "Servicer") is the Servicer under a Sale and
Servicing Agreement dated as of May 15, 1999 (the "Sale and
Servicing Agreement") among the Servicer, the Seller and the
Trust. On May 27, 1999 (the "Closing Date"), the Trust issued its
Asset Backed Certificates (the "Certificates") with an aggregate
principal amount of $12,086,832. In addition, on the Closing
Date, the Trust issued $167,300,000 aggregate principal amount of
Class A-1 4.9988% Asset Backed Notes (the "A-1 Notes"),
$262,000,000 aggregate principal amount of Class A-2 5.466%
Asset Backed Notes (the "A-2 Notes"), $186,000,000 aggregate
principal amount of Class A-3 5.94% Asset Backed Notes (the "A-3
Notes"), $146,125,000 aggregate principal amount of Class A-4
6.12% Asset Backed Notes (the "A-4 Notes") and $32,230,000
aggregate principal amount of Class B 6.10% Asset Backed Notes
(the "B Notes" and together with the A-1 Notes, the A-2 Notes,
the A-3 Notes and the A-4 Notes, the "Notes"). The Certificates
evidence fractional undivided interests in the Trust. The Seller
retained the entire principal amount of the Certificates and the
B Notes. The Notes evidence debt obligations of the Trust. The
Trust property includes (i) agricultural and construction
equipment retail installment sale and loan contracts (the
"Receivables") secured by new and used agricultural equipment and
construction equipment (the "Financed Equipment") sold to the
Trust by the Seller, (ii) all monies (including accrued interest)
due thereunder on or after April 30, 1999, (iii) such amounts as
from time to time may be held in one or more accounts established
and maintained by the Servicer pursuant to the Sale and Servicing
Agreement or the Trust Agreement and the short-term investments
made from those collections, (iv) the security interests in the
Financed Equipment, (v) any proceeds of repossessed Financed
Equipment, (vi) the rights to proceeds from claims on physical
damage, credit life or disability insurance policies, if any,
covering the Financed Equipment or the obligors on the
Receivables, as the case may be, (vii) the rights of the Seller
under the Purchase Agreement dated as of May 15, 1999 (the
"Purchase Agreement") between the Servicer and the Seller and
(viii) interest earned on short-term investments made by the
Trust.
As of April 30, 1999, the Receivables had an aggregate
principal balance of approximately $810,198,096. As of October
31, 1999, the end of the fiscal year of the Trust for which this
Form 10-K annual report is being filed, the aggregate principal
balance of the Receivables remaining in the Trust was
approximately $660,925,134.
Page 2
<PAGE>
Reference is made to Exhibit 99.1, the Annual Statement of
Compliance for the fiscal year ended October 31, 1999, for
additional information regarding principal and interest payments
in respect of the Certificates and the Notes and information
regarding servicing compensation and other fees paid by the Trust
during the period from May 27, 1999 through October 31, 1999.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings
involving either the Trust property, Trustee, Seller or Servicer
in respect of the Trust.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted during the fiscal year covered by
this report to a vote of holders of either the Notes or
Certificates.
PART II
Item 5. Market For Registrant's Common Equity and Related
Stockholder Matters.
(a) To the best knowledge of the registrant, there is no
established public market for the Certificates.
(b) As of January 1, 2000, the Seller was the sole
Certificateholder of record.
(c) Not Applicable.
Item 6. Selected Financial Data.
Not Applicable.
Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations.
Not Applicable.
Item 7A. Quantitative and Qualitative Disclosures About
Market Risk.
Not Applicable.
Item 8. Financial Statements and Supplementary Data.
Not Applicable.
Item 9. Changes in and Disagreements With Accountants on
Accounting and Financial Disclosure.
None.
Page 3
<PAGE>
PART III
Item 10. Directors and Executive Officers of the Registrant.
Not Applicable.
Item 11. Executive Compensation.
Not Applicable.
Item 12. Security Ownership of Certain Beneficial Owners and
Management.
Not Applicable.
Item 13. Certain Relationships and Related Transactions.
John Deere Receivables, Inc., the Seller, Depositor, sole
Certificateholder of record and sole holder of record of B Notes,
is a wholly-owned subsidiary of John Deere Capital Corporation,
the Servicer and the Administrator for the Trust. The aggregate
servicing fees and administration fees paid by the Trust to John
Deere Capital Corporation during the fiscal year are set forth in
Exhibit 99.1.
PART IV
Item 14. Exhibits, Financial Statement Schedules, and Reports
on Form 8-K.
(a) The following documents are filed as part of this
report.
Exhibit No.
-----------
99.1 Annual Statement of Compliance for the period
ended October 31, 1999.
99.2 Officers' Certificate relating to the monthly
collection period ending December 26, 1999.
(b) Reports on Form 8-K
Current reports on Form 8-K dated June 22, July 22,
August 16, September 27, and October 15, 1999 (Item 5
and 7).
(c) Not Applicable.
(d) Not Applicable.
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED
PURSUANT TO SECTION 15(D) OF THE ACT BY REGISTRANTS WHICH HAVE
NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy or other
proxy soliciting material has been sent to certificateholders,
and the registrant does not presently contemplate sending any
such materials subsequent to the filing of this report.
Page 4
<PAGE>
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) 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.
JOHN DEERE OWNER TRUST 1999-A
By: John Deere Capital Corporation
(Servicer)
By: /s/ Nathan J. Jones
------------------------------
Nathan J. Jones
Senior Vice President and
Principal Financial Officer
Dated: January 26, 2000
Page 5
<PAGE>
EXHIBIT INDEX
Exhibit No.
99.1 Annual Statement of Compliance for the
period ended October 31, 1999.
99.2 Officers' Certificate relating to the monthly
Collection Period ending December 26, 1999.
Page 6
Exhibit 99.1
JOHN DEERE CAPITAL CORPORATION
OFFICERS' CERTIFICATE
PURSUANT TO SECTION 4.10(a)
OF THE SALE AND SERVICING AGREEMENT
AND SECTION 3(c) OF THE UNDERWRITING AGREEMENTS
We, James R. Jabanoski and Timur Gok, Treasurer and Assistant
Secretary, respectively, of John Deere Capital Corporation, a
Delaware corporation (the "Company"), hereby certify for the
period from May 27, 1999 to October 31, 1999, that (i) a review
has been made under the supervision of each of us of the
activities and of the performance of the Company, as Servicer
under the Sales and Servicing Agreement dated as of May 15, 1999
among Bankers Trust (Delaware) as Owner Trustee for the John
Deere Owner Trust 1999-A, John Deere Receivables, Inc. and the
Company (the "Agreement") and attached as Exhibit A hereto is a
year-end statement as of October 31, 1999 and (ii) to the best of
the knowledge of each of us, based on such review, the Company
has fulfilled in all material respects all its obligations under
the Agreement throughout such period.
Dated at Moline, Illinois this 26th day of January 2000.
/s/ James R. Jabanoski
---------------------------
James R. Jabanoski
Treasurer
/s/ Timur Gok
---------------------------
Timur Gok
Assistant Secretary
<PAGE>
John Deere Owner Trust 1999-A EXHIBIT A
Fiscal Year Ended 31 October 1999 Statement
(Unaudited) (Page 1 of 2)
$167,300,000 Class A-1 4.9988% Asset Backed Notes
due June 19, 2000
$262,000,000 Class A-2 5.4660% Asset Backed Notes
due August 15, 2001
$186,000,000 Class A-3 5.9400% Asset Backed Notes
due October 15, 2002
$146,125,000 Class A-4 6.1200% Asset Backed Notes
due October 17, 2005
$32,230,000 6.100% Class B Asset Backed Notes
due October 17, 2005
$12,086,832 Asset Backed Certificates
(1) Amount of principal paid or
distributed during the Fiscal Year
(a) A-1 Notes: $126,753,348.10
per $1,000 original principal amount: $757.64
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $5,365,591.42
per $1,000 original principal amount: $166.48
(f) Certificates: $2,012,678.78
per $1,000 original principal amount: $166.52
(g) Total: $134,131,618.30
(2) Amount of interest being or distributed
during the Fiscal Year
(a) A-1 Notes: $2,661,424.16
per $1,000 original principal amount: $15.91
(b) A-2 Notes: $6,842,217.33
per $1,000 original principal amount: $26.12
(c) A-3 Notes: $5,155,920.00
per $1,000 original principal amount: $27.72
(d) A-4 Notes: $4,173,330.00
per $1,000 original principal amount: $28.56
(e) B Notes: $853,701.96
per $1,000 original principal amount: $26.49
<PAGE>
John Deere Owner Trust 1999-A EXHIBIT A
Fiscal Year Ended 31 October 1999 Statement
(Unaudited) (Page 2 of 2)
(f) Certificates: $0.00
per $1,000 original principal amount: $0.00
(g) Total: $19,686,593.45
(3) After giving effect to distributions,
Outstanding Principal at end of Fiscal Year
(a) (i) outstanding principal amount
of A-1 Notes: $40,546,651.90
(ii) A-1 Note Pool Factor: 0.2423589
(b) (i) outstanding principal amount
of A-2 Notes: $262,000,000.00
(ii) A-2 Note Pool Factor: 1.0000000
(c) (i) outstanding principal amount
of A-3 Notes: $186,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount
of A-4 Notes: $146,125,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount
of B Notes: $26,864,408.58
(ii) B Note Pool Factor: 0.8335218
(f) (i) Certificate Balance: $10,074,153.22
(ii) Certificate Pool Factor: 0.8334817
(4) Note Value at end of Fiscal Year: $671,610,214.52
(5) Pool Balance (excluding accrued interest)
at end of the Fiscal Year: $660,925,134.04
(6) Amount of Servicing Fee paid during the
Fiscal Year: $3,712,194.44
per $1,000 original principal amount: $4.61
(7) Amount of Administration Fee paid during
the Fiscal Year $600.00
(8) Aggregate Purchase Amounts for the
Fiscal Year $0.00
(9) Amount in Reserve Account at end of
Fiscal Year $14,100,482.07
Specified Reserve Account Balance at
end of Fiscal Year $14,100,482.07
(10) Aggregate amount of Realized Losses at
end of Fiscal Year $59,056.97
(11) Amount of Payments that are more than
60 days past due at end of Fiscal Year $773,072.00
Note: The above amounts reflect the payment
for the October 1999 collection period.
Exhibit 99.2
OFFICERS' CERTIFICATE
The undersigned hereby certify that (i) they are,
respectively, the duly elected Treasurer and Assistant Secretary
of John Deere Capital Corporation, (ii) Exhibit A hereto complies
with the requirements of, and is being delivered pursuant to,
Section 5.06(a) of the Sale and Servicing Agreement (the "Sale
and Servicing Agreement") dated as of May 15, 1999 between John
Deere Owner Trust 1999-A, John Deere Receivables, Inc. and John
Deere Capital Corporation, (iii) Exhibit B hereto complies with
the requirements of, and is being delivered pursuant to, Section
5.06(b) of the Sale and Servicing Agreement, and (iv) Exhibit C
hereto complies with the requirements of, and is being delivered
pursuant to, Section 5.04(b) of the Sale and Servicing Agreement.
Dated at Moline, Illinois this 26th day of January 2000.
/s/ James R. Jabanoski
-------------------------
James R. Jabanoski
Treasurer
/s/ Timur Gok
-------------------------
Timur Gok
Assistant Secretary
<PAGE>
Schedule E - Statement to Certificateholders EXHIBIT A
John Deere Owner Trust 1999-A
Fiscal Month December 1999 (Page 1 of 2)
$167,300,000 Class A-1 4.9988% Asset Backed Notes
due June 19, 2000
$262,000,000 Class A-2 5.4660% Asset Backed Notes
due August 15, 2001
$186,000,000 Class A-3 5.9400% Asset Backed Notes
due October 15, 2002
$146,125,000 Class A-4 6.1200% Asset Backed Notes
due October 17, 2005
$32,230,000 6.100% Class B Asset Backed Notes
due October 17, 2005
$12,086,832 Asset Backed Certificates
Payment Date 18-Jan-00
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $17,444,715.53
per $1,000 original principal amount: $104.27
(b) A-2 Notes: $10,661,598.11
per $1,000 original principal amount: $40.69
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $0.00
per $1,000 original principal amount: $0.00
(f) Certificates: $0.00
per $1,000 original principal amount: $0.00
(g) Total: $28,106,313.64
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $82,358.05
per $1,000 original principal amount: $0.49
(b) A-2 Notes: $1,352,531.33
per $1,000 original principal amount: $5.16
(c) A-3 Notes: $920,700.00
per $1,000 original principal amount: $4.95
(d) A-4 Notes: $745,237.50
per $1,000 original principal amount: $5.10
(e) B Notes: $131,589.96
per $1,000 original principal amount: $4.08
<PAGE>
Schedule E - Statement to Certificateholders EXHIBIT A
John Deere Owner Trust 1999-A
Fiscal Month December 1999 (Page 2 of 2)
(f) Certificates: $0.00
per $1,000 original principal amount: $0.00
(g) Total: $3,232,416.84
(3) After giving effect to distributions
on this Payment Date:
(a) (i) outstanding principal amount
of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount
of A-2 Notes: $251,338,401.89
(ii) A-2 Note Pool Factor: 0.9593069
(c) (i) outstanding principal amount
of A-3 Notes: $186,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount
of A-4 Notes: $146,125,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount
of B Notes: $25,886,548.84
(ii) B Note Pool Factor: 0.8031818
(f) (i) Certificate Balance $9,707,455.82
(ii) Certificate Pool Factor: 0.8031431
(4) Note Value at end of related Collection
Period: $619,057,407.37
(5) Pool Balance (excluding accrued interest)
at end of the related Collection Period $609,396,909.54
(6) Amount of Servicing Fee: $530,448.09
per $1,000 original principal amount: 0.6583350
(7) Amount of Administration Fee: $100.00
(8) Aggregate Purchase Amounts for Collection
Period: $0.00
(9) Amount in Reserve Account: $14,100,482.07
Specified Reserve Account Balance: $14,100,482.07
(10) Aggregate amount of Realized Losses for
the Collection Period: $201,333.53
(11) Amount of Payments that are more than
60 days past due: $1,347,802.00
<PAGE>
Schedule F - Statement to Noteholders EXHIBIT B
John Deere Owner Trust 1999-A
Fiscal Month December 1999 (Page 1 of 2)
$167,300,000 Class A-1 4.9988% Asset Backed Notes
due June 19, 2000
$262,000,000 Class A-2 5.4660% Asset Backed Notes
due August 15, 2001
$186,000,000 Class A-3 5.9400% Asset Backed Notes
due October 15, 2002
$146,125,000 Class A-4 6.1200% Asset Backed Notes
due October 17, 2005
$32,230,000 6.100% Class B Asset Backed Notes
due October 17, 2005
$12,086,832 Asset Backed Certificates
Payment Date 18-Jan-00
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $17,444,715.53
per $1,000 original principal amount: $104.27
(b) A-2 Notes: $10,661,598.11
per $1,000 original principal amount: $40.69
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $0.00
per $1,000 original principal amount: $0.00
(f) Total $28,106,313.64
(2) Interest on the Notes
(a) A-1 Notes: $82,358.05
per $1,000 original principal amount: $0.49
(b) A-2 Notes: $1,352,531.33
per $1,000 original principal amount: $5.16
(c) A-3 Notes: $920,700.00
per $1,000 original principal amount: $4.95
(d) A-4 Notes: $745,237.50
per $1,000 original principal amount: $5.10
(e) B Notes: $131,589.96
per $1,000 original principal amount: $4.08
(f) Total $3,232,416.84
<PAGE>
Schedule F - Statement to Noteholders EXHIBIT B
John Deere Owner Trust 1999-A
Fiscal Month December 1999 (Page 2 of 2)
(3) After giving effect to distributions
on current Payment Date:
(a) (i) outstanding principal amount
of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount
of A-2 Notes: $251,338,401.89
(ii) A-2 Note Pool Factor: 0.9593069
(c) (i) outstanding principal amount
of A-3 Notes: $186,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount
of A-4 Notes: $146,125,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount
of B Notes: $25,886,548.84
(ii) B Note Pool Factor: 0.8031818
(f) (i) Certificate Balance $9,707,455.82
(ii) Certificate Pool Factor: 0.8031431
(4) Note Value at the end of the related
Collection Period $619,057,407.37
(5) Pool Balance (excluding accrued
interest) at the end of the related
Collection Period $609,396,909.54
(6) Amount of Servicing Fee: $530,448.09
per $1,000 original principal amount: 0.65833505
(7) Amount of Administration Fee: $100.00
(8) Aggregate Purchase Amounts for
Collection Period: $0.00
(9) Amount in Reserve Account: $14,100,482.07
Specified Reserve Account Balance: $14,100,482.07
(10) Aggregate amount of Realized Losses
for the Collection Period: $201,333.53
(11) Amount of Payments that are more
than 60 days past due: $1,347,802.00
<PAGE>
Schedule G - Servicer's Certificate EXHIBIT C
John Deere Owner Trust 1999-A
Fiscal Month December 1999 (Page 1 of 3)
$167,300,000 Class A-1 4.9988% Asset Backed Notes
due June 19, 2000
$262,000,000 Class A-2 5.4660% Asset Backed Notes
due August 15, 2001
$186,000,000 Class A-3 5.9400% Asset Backed Notes
due October 15, 2002
$146,125,000 Class A-4 6.1200% Asset Backed Notes
due October 17, 2005
$32,230,000 6.100% Class B Asset Backed Notes
due October 17, 2005
$12,086,832 Asset Backed Certificates
Payment Date 18-Jan-00
(1) Servicing Fee $530,448.09
Servicing Fee Shortfall $0.00
(2) Administration Fee: $100.00
Administration Fee Shortfall $0.00
(3) Total Distribution Amount: $32,221,322.87
(4) Noteholders' Interest Distributable
Amount applicable to A-1 Notes: $82,358.05
Noteholders' Interest Carryover
Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable
Amount applicable to A-2 Notes: $1,352,531.33
Noteholders' Interest Carryover
Shortfall applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Distributable
Amount applicable to A-3 Notes: $920,700.00
Noteholders' Interest Carryover
Shortfall applicable to A-3 Notes: $0.00
(7) Noteholders' Interest Distributable
Amount applicable to A-4 Notes: $745,237.50
Noteholders' Interest Carryover
Shortfall applicable to A-4 Notes: $0.00
(8) Noteholders' Interest Distributable
Amount applicable to B Notes: $131,589.96
Noteholders' Interest Carryover
Shortfall applicable to B Notes: $0.00
(9) Noteholders' Interest Distributable
Amount deposited into Note
Distribution Account: $3,232,416.84
Noteholders' Interest Carryover Shortfall: $0.00
(10) A-1 Noteholders' Monthly Principal
Distributable Amount: $17,444,715.53
% of Principal Distribution Amount
applicable to A-1 Noteholders: 62.07%
A-1 Noteholders' Principal Carryover
Shortfall: $0.00
A-1 Noteholders' Principal Distributable
Amount: $17,444,715.53
(11) A-2 Noteholders' Monthly Principal
Distributable Amount: $10,661,598.11
% of Principal Distribution Amount
applicable to A-2 Noteholders 37.93%
A-2 Noteholders' Principal Carryover
Shortfall: $0.00
A-2 Noteholders' Principal Distributable
Amount: $10,661,598.11
<PAGE>
Schedule G - Servicer's Certificate EXHIBIT C
John Deere Owner Trust 1999-A
Fiscal Month December 1999 (Page 2 of 3)
(12) A-3 Noteholders' Monthly Principal
Distributable Amount: $0.00
% of Principal Distribution Amount
applicable to A-3 Noteholders 0.00%
A-3 Noteholders' Principal Carryover
Shortfall: $0.00
A-3 Noteholders' Principal Distributable
Amount: $0.00
(13) A-4 Noteholders' Monthly Principal
Distributable Amount: $0.00
% of Principal Distribution Amount
applicable to A-4 Noteholders 0.00%
A-4 Noteholders' Principal Carryover
Shortfall: $0.00
A-4 Noteholders' Principal Distributable
Amount: $0.00
(14) B Noteholders' Monthly Principal
Distributable Amount: $0.00
% of Principal Distribution Amount
applicable to B Noteholders 0.00%
B Noteholders' Principal Carryover
Shortfall: $0.00
B Noteholders' Principal Distributable
Amount: $0.00
(15) Noteholders' Principal Distribution
Amount deposited into Note Distribution
Account: $28,106,313.64
Noteholders' Principal Carryover
Shortfall: $0.00
(16) Noteholders' Distributable Amount: $31,338,730.48
(17) Amount to be withdrawn from the Reserve
Account and deposited into Note
Distribution Account: $0.00
Interest Amount included above: $0.00
Principal Amount included above: $0.00
(18) Deposit to Reserve Account from
Collection Account to increase the amount
on deposit in the Reserve Account to the
Specified Reserve Account Balance $0.00
(19) Certificateholders' Interest
Distributable Amount: $0.00
Certificateholders' Interest
Carryover Shortfall: $0.00
(20) Certificateholders' Principal
Distributable Amount applicable
to current period: $0.00
% of Principal Distribution Amount
applicable to Certificate holders: 0.00%
Certificateholders' Principal
Carryover Shortfall: $0.00
Certificateholders' Principal
Distributable Amount: $0.00
(21) Certificateholders' Distributable Amount: $0.00
(22) Deposit to Reserve Account
(from excess collections): $352,044.30
<PAGE>
Schedule G - Servicer's Certificate EXHIBIT C
John Deere Owner Trust 1999-A
Fiscal Month December 1999 (Page 3 of 3)
(23) Specified Reserve Account Balance
(after all distributions and adjustments): $14,100,482.07
(24) Reserve Account Balance over the
Specified Reserve Account Balance
(before any distribution of excess): $14,452,526.37
(25) Excess Reserve Account Balance
Distributable to Seller (5.05(b)(i)
or (ii)): $352,044.30
(26) Note Value as of the end of the
related Collection Period $619,057,407.37
(27) Pool Balance (excluding Accrued
Interest) as of close of business
on the last day of the related
Collection Period: $609,396,909.54
(28) After giving effect to all
distributions on such Payment Date:
Outstanding Principal Balance
of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance
of A-2 Notes: $251,338,401.89
A-2 Note Pool Factor: 0.9593069
Outstanding Principal Balance
of A-3 Notes: $186,000,000.00
A-3 Note Pool Factor: 1.0000000
Outstanding Principal Balance
of A-4 Notes: $146,125,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance
of B Notes: $25,886,548.84
B Note Pool Factor: 0.8031818
Outstanding Principal Balance of the
Certificates: $9,707,455.82
Certificate Pool Factor: 0.8031431
(29) Aggregate Purchase Amounts for related
Collection Period: $0.00
(30) Reserve Account Balance after giving
effect to all distributions: $14,100,482.07
(31) Specified Reserve Account Balance (after
all distributions and adjustments): $14,100,482.07
(32) Amount of Realized Losses for the
related collection period: $201,333.53
(33) Amount of Payments that are more
than 60 days past due: $1,347,802.00
