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: July 28, 1999
(Date of earliest event reported)
Commission File No. 333-71489
EQCC Receivables Corporation
EQCC Asset Backed Corporation
- --------------------------------------------------------------------------------
59-3170055
Delaware 59-3170052
- --------------------------------------------------------------------------------
(State of Incorporation) (I.R.S. Employer Identification No.)
10401 Deerwood Park Boulevard
Jacksonville, Florida 32256
- --------------------------------------------------------------------------------
Address of principal executive offices (Zip Code)
(904) 987-5000
- --------------------------------------------------------------------------------
Registrant's Telephone Number, including area code
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
ITEM 5. Other Events
Attached as an exhibit are the Computational Materials (as
defined in the no-action letter dated May 21, 1994 issued by the
Securities and Exchange Commission to Kidder, Peabody Acceptance
Corporation-I, Kidder, Peabody & Co. Incorporated and Kidder Structured
Asset Corporation (the "Kidder Letter")) and Collateral Term Sheets (as
defined in the no-action letter dated February 17, 1995 issued by the
Securities and Exchange Commission to the Public Securities Association)
prepared by Banc of America Securities LLC, which are hereby filed
pursuant to such letter.
<PAGE>
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
- ----------- -----------
(99) Computational Materials and
Collateral Term Sheets
prepared by Banc of America
Securities LLC in
connection with EQCC Home
Equity Loan Asset Backed
Certificates, Series 1999-3
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EQCC RECEIVABLES CORPORATION
July 28, 1999
By: /s/ Lenore Hanapel
------------------------------
Name: Lenore Hanapel
Title: Senior Vice President
EQCC ASSET BACKED CORPORATION
July 28, 1999
By: /s/ Lenore Hanapel
------------------------------
Name: Lenore Hanapel
Title: Senior Vice President
<PAGE>
INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
- ----------- ----------- --------------
(99) Computational Materials and E
Collateral Term Sheets
prepared by Banc of America
Securities LLC in connection with
EQCC Home Equity Loan Asset Backed
Certificates, Series 1999-3
Banc of America Securities LLC EQCC 1999-3
Price to Yield Table
- --------------------------------------------------------------------------------
Bond Class: A-3F
<TABLE>
<CAPTION>
===============================================================================================================
Settle Date Call % Description First Accrual Date Next Pay Date Actual Delay Issue Balance
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
08/26/1999 0.00 SEQ 08/01/1999 09/25/1999 24 160,000,000.00
===============================================================================================================
<CAPTION>
===============================================================================================================
Balance Principal Type Coupon Interest Type Index Type Margin Accrued Interest
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
160,000,000.00 Normal 7.0670 Fixed None 0.0000 785,222.22
===============================================================================================================
<CAPTION>
===============================================================================================================
PP=5.0; PP=10.0; PP=15.0; PP=20.0; PP=25.0; PP=30.0; PP=35.0;
0.0;0.0 12.0;50.0 18.0;75.0 24.0;100.0 30.0;125.0 33.0;150.0 48.0;200.0
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
99-17.0 7.172 7.172 7.171 7.171 7.171 7.171 7.171
99-18.0 7.168 7.167 7.165 7.163 7.160 7.158 7.155
99-19.0 7.164 7.162 7.159 7.154 7.149 7.144 7.139
99-20.0 7.160 7.158 7.153 7.146 7.139 7.131 7.123
99-21.0 7.156 7.153 7.147 7.137 7.128 7.118 7.107
99-22.0 7.151 7.149 7.141 7.129 7.117 7.104 7.091
99-23.0 7.147 7.144 7.135 7.120 7.106 7.091 7.076
99-24.0 7.143 7.140 7.129 7.112 7.095 7.078 7.060
99-25.0 7.139 7.135 7.123 7.103 7.085 7.065 7.044
99-26.0 7.135 7.131 7.117 7.095 7.074 7.051 7.028
99-27.0 7.131 7.126 7.111 7.086 7.063 7.038 7.012
99-28.0 7.127 7.122 7.105 7.078 7.052 7.025 6.996
99-29.0 7.123 7.117 7.099 7.069 7.041 7.012 6.981
99-30.0 7.119 7.113 7.093 7.061 7.031 6.998 6.965
99-31.0 7.116 7.108 7.087 7.053 7.020 6.985 6.949
100-0.0 7.112 7.104 7.081 7.044 7.009 6.972 6.933
100-1.0 7.108 7.099 7.075 7.036 6.998 6.959 6.918
100-2.0 7.104 7.095 7.069 7.027 6.988 6.946 6.902
100-3.0 7.100 7.091 7.063 7.019 6.977 6.932 6.886
100-4.0 7.096 7.086 7.057 7.010 6.966 6.919 6.870
100-5.0 7.092 7.082 7.051 7.002 6.955 6.906 6.855
100-6.0 7.088 7.077 7.045 6.993 6.945 6.893 6.839
100-7.0 7.084 7.073 7.039 6.985 6.934 6.880 6.823
100-8.0 7.080 7.068 7.033 6.977 6.923 6.866 6.807
100-9.0 7.076 7.064 7.027 6.968 6.913 6.853 6.792
100-10.0 7.072 7.059 7.021 6.960 6.902 6.840 6.776
100-11.0 7.068 7.055 7.015 6.951 6.891 6.827 6.760
100-12.0 7.064 7.050 7.009 6.943 6.880 6.814 6.745
100-13.0 7.060 7.046 7.003 6.935 6.870 6.801 6.729
100-14.0 7.056 7.041 6.997 6.926 6.859 6.788 6.713
- ---------------------------------------------------------------------------------------------------------------
WAL 11.94 9.98 6.82 4.44 3.36 2.67 2.20
- ---------------------------------------------------------------------------------------------------------------
Mod Dur 7.79 6.93 5.17 3.68 2.89 2.35 1.97
- ---------------------------------------------------------------------------------------------------------------
FirstPrinPay 04/25/2010 08/25/2006 01/25/2004 10/25/2002 02/25/2002 08/25/2001 04/25/2001
- ---------------------------------------------------------------------------------------------------------------
Maturity 05/25/2015 05/25/2010 04/25/2010 11/25/2005 02/25/2004 02/25/2003 06/25/2002
- ---------------------------------------------------------------------------------------------------------------
Prin Window 62 46 76 38 25 19 15
===============================================================================================================
</TABLE>
This document is for informative purposes only. Under no circumstances is it to
be used or considered as an offer to sell, or a solicitation of an offer to buy
any security. Additional information is available upon request. Results based on
hypothetical projections or past performance have created inherent limitations.
There is no certainty that the parameters and assumptions used can be duplicated
with actual trades. This document may not be reproduced in whole or in part or
otherwise made available without our written consent.
<PAGE>
Banc of America Securities LLC EQCC 1999-3
Price to Yield Table
- --------------------------------------------------------------------------------
Bond Class: A-5F
<TABLE>
<CAPTION>
===============================================================================================================
PP=0.0; PP=18.0; PP=24.0; PP=27.0; PP=30.0; PP=36.0; PP=40.0;
0.0;0.0 12.0;50.0 18.0;75.0 24.0;100.0 30.0;125.0 33.0;150.0 48.0;200.0
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
95-0.0 7.928 8.164 8.284 8.375 8.490 8.796 9.032
95-8.0 7.905 8.126 8.240 8.326 8.434 8.723 8.945
95-16.0 7.881 8.089 8.196 8.277 8.379 8.650 8.859
95-24.0 7.857 8.052 8.152 8.228 8.323 8.578 8.773
96-0.0 7.833 8.016 8.109 8.179 8.268 8.505 8.687
96-8.0 7.810 7.979 8.065 8.131 8.213 8.433 8.602
96-16.0 7.787 7.942 8.022 8.082 8.158 8.361 8.516
96-24.0 7.763 7.906 7.979 8.034 8.104 8.289 8.431
97-0.0 7.740 7.870 7.936 7.986 8.049 8.218 8.347
97-8.0 7.717 7.834 7.893 7.938 7.995 8.146 8.262
97-16.0 7.694 7.798 7.851 7.890 7.941 8.075 8.178
97-24.0 7.671 7.762 7.808 7.843 7.887 8.004 8.094
98-0.0 7.648 7.726 7.766 7.795 7.833 7.934 8.011
98-8.0 7.626 7.690 7.723 7.748 7.780 7.863 7.928
98-16.0 7.603 7.655 7.681 7.701 7.726 7.793 7.844
98-24.0 7.580 7.619 7.639 7.654 7.673 7.723 7.762
99-0.0 7.558 7.584 7.597 7.607 7.620 7.653 7.679
99-8.0 7.536 7.549 7.555 7.560 7.567 7.584 7.597
99-16.0 7.513 7.514 7.514 7.514 7.514 7.515 7.515
99-24.0 7.491 7.479 7.472 7.468 7.461 7.445 7.433
100-0.0 7.469 7.444 7.431 7.421 7.409 7.377 7.352
100-8.0 7.447 7.409 7.390 7.375 7.357 7.308 7.270
100-16.0 7.425 7.374 7.349 7.329 7.305 7.239 7.189
100-24.0 7.403 7.340 7.308 7.283 7.253 7.171 7.109
101-0.0 7.382 7.306 7.267 7.238 7.201 7.103 7.028
101-8.0 7.360 7.271 7.226 7.192 7.149 7.035 6.948
101-16.0 7.338 7.237 7.186 7.147 7.098 6.968 6.868
101-24.0 7.317 7.203 7.145 7.101 7.047 6.900 6.788
102-0.0 7.295 7.169 7.105 7.056 6.995 6.833 6.708
102-8.0 7.274 7.135 7.065 7.011 6.944 6.766 6.629
102-16.0 7.253 7.101 7.025 6.967 6.894 6.699 6.550
102-24.0 7.232 7.068 6.985 6.922 6.843 6.632 6.471
103-0.0 7.211 7.034 6.945 6.877 6.792 6.566 6.393
103-8.0 7.190 7.001 6.905 6.833 6.742 6.500 6.314
103-16.0 7.169 6.968 6.865 6.789 6.692 6.434 6.236
103-24.0 7.148 6.934 6.826 6.744 6.642 6.368 6.158
104-0.0 7.127 6.901 6.787 6.700 6.592 6.302 6.081
104-8.0 7.107 6.868 6.747 6.656 6.542 6.237 6.003
104-16.0 7.086 6.835 6.708 6.613 6.492 6.172 5.926
104-24.0 7.065 6.803 6.669 6.569 6.443 6.106 5.849
- ---------------------------------------------------------------------------------------------------------------
WAL 26.50 10.66 8.33 7.16 6.10 4.37 3.60
- ---------------------------------------------------------------------------------------------------------------
Mod Dur 11.28 7.15 6.02 5.39 4.75 3.62 3.06
- ---------------------------------------------------------------------------------------------------------------
FirstPrinPay 02/25/2026 04/25/2010 12/25/2007 10/25/2006 02/25/2005 08/25/2003 11/25/2002
- ---------------------------------------------------------------------------------------------------------------
Maturity 02/25/2026 04/25/2010 12/25/2007 10/25/2006 11/25/2005 06/25/2004 08/25/2003
- ---------------------------------------------------------------------------------------------------------------
Prin Window 1 1 1 1 10 11 10
===============================================================================================================
</TABLE>
This document is for informative purposes only. Under no circumstances is it to
be used or considered as an offer to sell, or a solicitation of an offer to buy
any security. Additional information is available upon request. Results based on
hypothetical projections or past performance have created inherent limitations.
There is no certainty that the parameters and assumptions used can be duplicated
with actual trades. This document may not be reproduced in whole or in part or
otherwise made available without our written consent.
<PAGE>
Banc of America Securities LLC EQCC 1999-3
Price to Yield Table
Bond Class: A-7F
<TABLE>
<CAPTION>
===============================================================================================================
Settle Date Call % Description First Accrual Date Next Pay Date Actual Delay Issue Balance
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
08/26/1999 10.00 P-T 08/01/1999 09/25/1999 24 74,391,790.00
===============================================================================================================
<CAPTION>
===============================================================================================================
Balance Principal Type Coupon Interest Type Index Type Margin Accrued Interest
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
74,391,790.00 Normal 7.4480 Fixed None 0.0000 384,770.87
===============================================================================================================
<CAPTION>
===============================================================================================================
PP=0.0; PP=50.0; PP=75.0; PP=100.0; PP=125.0; PP=150.0; PP=200.0;
0.0;0.0 12.0;15.0 18.0;20.0 24.0;25.0 30.0;30.0 33.0;35.0 48.0;40.0
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
99-17.0 7.561 7.556 7.555 7.553 7.550 7.548 7.545
99-18.0 7.556 7.547 7.544 7.539 7.535 7.530 7.523
99-19.0 7.552 7.538 7.533 7.526 7.519 7.511 7.501
99-20.0 7.548 7.529 7.522 7.513 7.503 7.493 7.479
99-21.0 7.543 7.519 7.510 7.499 7.487 7.474 7.457
99-22.0 7.539 7.510 7.499 7.486 7.471 7.456 7.435
99-23.0 7.535 7.501 7.488 7.473 7.456 7.437 7.413
99-24.0 7.530 7.492 7.477 7.459 7.440 7.419 7.391
99-25.0 7.526 7.482 7.466 7.446 7.424 7.400 7.369
99-26.0 7.522 7.473 7.455 7.433 7.408 7.382 7.347
99-27.0 7.517 7.464 7.444 7.420 7.393 7.364 7.326
99-28.0 7.513 7.455 7.433 7.406 7.377 7.345 7.304
99-29.0 7.509 7.446 7.422 7.393 7.361 7.327 7.282
99-30.0 7.504 7.437 7.411 7.380 7.345 7.309 7.260
99-31.0 7.500 7.427 7.401 7.367 7.330 7.290 7.238
100-0.0 7.496 7.418 7.390 7.353 7.314 7.272 7.216
100-1.0 7.491 7.409 7.379 7.340 7.298 7.254 7.195
100-2.0 7.487 7.400 7.368 7.327 7.283 7.235 7.173
100-3.0 7.483 7.391 7.357 7.314 7.267 7.217 7.151
100-4.0 7.478 7.382 7.346 7.300 7.251 7.199 7.129
100-5.0 7.474 7.372 7.335 7.287 7.236 7.180 7.108
100-6.0 7.470 7.363 7.324 7.274 7.220 7.162 7.086
100-7.0 7.465 7.354 7.313 7.261 7.204 7.144 7.064
100-8.0 7.461 7.345 7.302 7.248 7.189 7.126 7.043
100-9.0 7.457 7.336 7.291 7.235 7.173 7.107 7.021
100-10.0 7.453 7.327 7.280 7.221 7.158 7.089 6.999
100-11.0 7.448 7.318 7.269 7.208 7.142 7.071 6.978
100-12.0 7.444 7.309 7.259 7.195 7.127 7.053 6.956
100-13.0 7.440 7.300 7.248 7.182 7.111 7.035 6.934
100-14.0 7.435 7.290 7.237 7.169 7.095 7.016 6.913
- ---------------------------------------------------------------------------------------------------------------
WAL 12.25 4.49 3.64 2.88 2.35 1.97 1.61
- ---------------------------------------------------------------------------------------------------------------
Mod Dur 7.20 3.39 2.84 2.35 1.98 1.70 1.43
- ---------------------------------------------------------------------------------------------------------------
FirstPrinPay 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999
- ---------------------------------------------------------------------------------------------------------------
Maturity 02/25/2026 07/25/2010 04/25/2010 12/25/2007 04/25/2006 02/25/2005 08/25/2003
- ---------------------------------------------------------------------------------------------------------------
Prin Window 318 131 128 100 80 66 48
===============================================================================================================
</TABLE>
This document is for informative purposes only. Under no circumstances is it to
be used or considered as an offer to sell, or a solicitation of an offer to buy
any security. Additional information is available upon request. Results based on
hypothetical projections or past performance have created inherent limitations.
There is no certainty that the parameters and assumptions used can be duplicated
with actual trades. This document may not be reproduced in whole or in part or
otherwise made available without our written consent.
<PAGE>
Banc of America Securities LLC EQCC 1999-3
Percent of Initial Principal Balance Outstanding
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
===============================================================================================================
Percent of Initial Principal Balance Outstanding - Bond Class: A-7F
- ---------------------------------------------------------------------------------------------------------------
Scenario I Scenario II Scenario III Scenario IV Scenario V Scenario VI Scenario VII
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
08/26/1999 100.00 100.00 100.00 100.00 100.00 100.00 100.00
08/25/2000 96.91 88.77 84.66 80.52 76.35 72.13 63.54
08/25/2001 92.71 73.86 65.14 56.87 49.08 41.76 28.55
08/25/2002 91.38 63.46 51.73 41.75 33.61 26.57 15.49
08/25/2003 89.91 54.32 41.23 31.24 23.17 16.75 0.00
08/25/2004 88.28 46.31 33.23 23.34 15.94 10.54 0.00
08/25/2005 86.48 39.86 26.72 17.40 10.95 0.00 0.00
08/25/2006 84.49 34.31 21.44 12.94 0.00 0.00 0.00
08/25/2007 82.27 29.45 17.14 9.59 0.00 0.00 0.00
08/25/2008 79.81 25.18 13.66 0.00 0.00 0.00 0.00
08/25/2009 77.09 21.45 10.85 0.00 0.00 0.00 0.00
08/25/2010 33.37 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2011 31.07 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2012 28.52 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2013 25.69 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2014 22.88 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2015 21.56 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2016 20.11 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2017 18.49 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2018 16.70 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2019 14.90 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2020 13.89 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2021 12.78 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2022 11.55 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2023 10.20 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2024 8.74 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2025 7.25 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2026 0.00 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2027 0.00 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2028 0.00 0.00 0.00 0.00 0.00 0.00 0.00
08/25/2029 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
WAL 12.25 5.35 4.20 3.24 2.63 2.20 1.64
===============================================================================================================
</TABLE>
This document is for informative purposes only. Under no circumstances is it to
be used or considered as an offer to sell, or a solicitation of an offer to buy
any security. Additional information is available upon request. Results based on
hypothetical projections or past performance have created inherent limitations.
There is no certainty that the parameters and assumptions used can be duplicated
with actual trades. This document may not be reproduced in whole or in part or
otherwise made available without our written consent.
<PAGE>
Banc of America Securities LLC EQCC 1999-3
Price to Yield Table
- --------------------------------------------------------------------------------
Bond Class: A-7F
<TABLE>
<CAPTION>
===============================================================================================================
Settle Date Call % Description First Accrual Date Next Pay Date Actual Delay Issue Balance
- ---------------------------------------------------------------------------------------------------------------
08/26/1999 0.00 P-T 08/01/1999 09/25/1999 24 74,391,790.00
===============================================================================================================
<CAPTION>
===============================================================================================================
Balance Principal Type Coupon Interest Type Index Type Margin Accrued Interest
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
74,391,790.00 Normal 7.4480 Fixed None 0.0000 384,770.87
===============================================================================================================
<CAPTION>
===============================================================================================================
PP=0.0; PP=50.0; PP=75.0; PP=100.0; PP=125.0; PP=150.0; PP=200.0;
0.0;0.0 12.0;15.0 18.0;20.0 24.0;25.0 30.0;30.0 33.0;35.0 48.0;40.0
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
99-17.0 7.562 7.566 7.560 7.567 7.571 7.574 7.588
99-18.0 7.557 7.557 7.549 7.554 7.556 7.556 7.568
99-19.0 7.553 7.548 7.538 7.541 7.541 7.538 7.548
99-20.0 7.549 7.539 7.527 7.528 7.526 7.521 7.527
99-21.0 7.544 7.530 7.516 7.515 7.511 7.503 7.507
99-22.0 7.540 7.521 7.505 7.502 7.496 7.486 7.487
99-23.0 7.536 7.512 7.494 7.489 7.480 7.468 7.467
99-24.0 7.531 7.503 7.483 7.476 7.465 7.451 7.447
99-25.0 7.527 7.494 7.472 7.463 7.450 7.433 7.427
99-26.0 7.523 7.485 7.461 7.450 7.435 7.416 7.407
99-27.0 7.518 7.476 7.450 7.437 7.420 7.398 7.387
99-28.0 7.514 7.467 7.439 7.424 7.405 7.381 7.366
99-29.0 7.510 7.458 7.429 7.411 7.390 7.363 7.346
99-30.0 7.505 7.449 7.418 7.399 7.375 7.346 7.326
99-31.0 7.501 7.440 7.407 7.386 7.360 7.328 7.306
100-0.0 7.497 7.431 7.396 7.373 7.345 7.311 7.286
100-1.0 7.492 7.422 7.385 7.360 7.330 7.293 7.266
100-2.0 7.488 7.413 7.374 7.347 7.315 7.276 7.246
100-3.0 7.484 7.404 7.363 7.334 7.300 7.259 7.226
100-4.0 7.480 7.395 7.353 7.321 7.285 7.241 7.206
100-5.0 7.475 7.386 7.342 7.309 7.270 7.224 7.186
100-6.0 7.471 7.377 7.331 7.296 7.255 7.207 7.167
100-7.0 7.467 7.368 7.320 7.283 7.240 7.189 7.147
100-8.0 7.462 7.359 7.309 7.270 7.225 7.172 7.127
100-9.0 7.458 7.351 7.299 7.257 7.210 7.155 7.107
100-10.0 7.454 7.342 7.288 7.245 7.195 7.137 7.087
100-11.0 7.450 7.333 7.277 7.232 7.180 7.120 7.067
100-12.0 7.445 7.324 7.266 7.219 7.165 7.103 7.047
100-13.0 7.441 7.315 7.256 7.206 7.150 7.085 7.027
100-14.0 7.437 7.306 7.245 7.194 7.135 7.068 7.008
- ---------------------------------------------------------------------------------------------------------------
WAL 12.36 4.67 3.70 3.02 2.51 2.11 1.80
- ---------------------------------------------------------------------------------------------------------------
Mod Dur 7.22 3.46 2.87 2.42 2.07 1.78 1.55
- ---------------------------------------------------------------------------------------------------------------
FirstPrinPay 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999
- ---------------------------------------------------------------------------------------------------------------
Maturity 04/25/2029 09/25/2020 09/25/2016 09/25/2013 07/25/2011 04/25/2010 08/25/2009
- ---------------------------------------------------------------------------------------------------------------
Prin Window 356 253 205 169 143 128 120
===============================================================================================================
</TABLE>
This document is for informative purposes only. Under no circumstances is it to
be used or considered as an offer to sell, or a solicitation of an offer to buy
any security. Additional information is available upon request. Results based on
hypothetical projections or past performance have created inherent limitations.
There is no certainty that the parameters and assumptions used can be duplicated
with actual trades. This document may not be reproduced in whole or in part or
otherwise made available without our written consent.
<PAGE>
Banc of America Securities LLC EQCC 1999-3 (Call)
Price to Yield Table
- --------------------------------------------------------------------------------
Bond Class: A-7F
<TABLE>
<CAPTION>
===============================================================================================================
PP=0.0; PP=50.0; PP=75.0; PP=100.0; PP=125.0; PP=150.0; PP=200.0;
0.0;15.0 12.0;20.0 18.0;25.0 24.0;30.0 30.0;35.0 33.0;40.0 48.0;45.0
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
99-17.0 7.2356 7.2351 7.2347 7.2342 7.2336 7.2330 7.2322
99-18.0 7.2266 7.2242 7.2218 7.2188 7.2156 7.2121 7.2076
99-19.0 7.2176 7.2132 7.2088 7.2035 7.1976 7.1913 7.1831
99-20.0 7.2086 7.2022 7.1959 7.1881 7.1796 7.1704 7.1585
99-21.0 7.1997 7.1913 7.1829 7.1728 7.1617 7.1496 7.1340
99-22.0 7.1907 7.1804 7.1700 7.1574 7.1437 7.1288 7.1095
99-23.0 7.1818 7.1694 7.1571 7.1421 7.1258 7.1080 7.0850
99-24.0 7.1728 7.1585 7.1442 7.1268 7.1078 7.0872 7.0605
99-25.0 7.1639 7.1476 7.1313 7.1115 7.0899 7.0664 7.0360
99-26.0 7.1550 7.1367 7.1184 7.0962 7.0720 7.0457 7.0115
99-27.0 7.1460 7.1258 7.1056 7.0810 7.0541 7.0249 6.9871
99-28.0 7.1371 7.1149 7.0927 7.0657 7.0362 7.0042 6.9627
99-29.0 7.1282 7.1040 7.0798 7.0504 7.0183 6.9835 6.9383
99-30.0 7.1193 7.0931 7.0670 7.0352 7.0005 6.9628 6.9139
99-31.0 7.1104 7.0822 7.0542 7.0199 6.9826 6.9421 6.8895
100-0.0 7.1015 7.0713 7.0413 7.0047 6.9648 6.9214 6.8651
100-1.0 7.0926 7.0605 7.0285 6.9895 6.9469 6.9007 6.8408
100-2.0 7.0837 7.0496 7.0157 6.9743 6.9291 6.8801 6.8165
100-3.0 7.0748 7.0388 7.0029 6.9591 6.9113 6.8595 6.7922
100-4.0 7.0660 7.0279 6.9901 6.9439 6.8935 6.8388 6.7679
100-5.0 7.0571 7.0171 6.9773 6.9287 6.8757 6.8182 6.7436
100-6.0 7.0482 7.0062 6.9645 6.9136 6.8580 6.7976 6.7193
100-7.0 7.0394 6.9954 6.9517 6.8984 6.8402 6.7771 6.6951
100-8.0 7.0305 6.9846 6.9390 6.8832 6.8225 6.7565 6.6708
100-9.0 7.0217 6.9738 6.9262 6.8681 6.8047 6.7359 6.6466
100-10.0 7.0128 6.9630 6.9135 6.8530 6.7870 6.7154 6.6224
100-11.0 7.0040 6.9522 6.9007 6.8379 6.7693 6.6949 6.5982
100-12.0 6.9951 6.9414 6.8880 6.8228 6.7516 6.6744 6.5741
100-13.0 6.9863 6.9306 6.8753 6.8077 6.7339 6.6539 6.5499
100-14.0 6.9775 6.9198 6.8626 6.7926 6.7162 6.6334 6.5258
- ---------------------------------------------------------------------------------------------------------------
WAL 4.67 3.63 2.99 2.44 2.03 1.72 1.43
- ---------------------------------------------------------------------------------------------------------------
Mod Dur 3.50 2.86 2.42 2.04 1.74 1.50 1.28
- ---------------------------------------------------------------------------------------------------------------
FirstPrinPay 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999
- ---------------------------------------------------------------------------------------------------------------
Maturity 09/25/2020 05/25/2010 04/25/2010 11/25/2007 03/25/2006 01/25/2005 07/25/2003
- ---------------------------------------------------------------------------------------------------------------
Prin Window 253 129 128 99 79 65 47
===============================================================================================================
</TABLE>
This document is for informative purposes only. Under no circumstances is it to
be used or considered as an offer to sell, or a solicitation of an offer to buy
any security. Additional information is available upon request. Results based on
hypothetical projections or past performance have created inherent limitations.
There is no certainty that the parameters and assumptions used can be duplicated
with actual trades. This document may not be reproduced in whole or in part or
otherwise made available without our written consent.
<PAGE>
EQCC Home Equity Loan Trust, Series 1999-3
<TABLE>
<CAPTION>
Bond Balance Coupon Final Legal Maturity Date CUSIP ISIN
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1F 350,000,000 6.5480 04/25/10 268917 FP 1 US268917FP19
A-2F 137,000,000 6.8870 10/25/13 268917 FQ 9 US268917FQ91
A-3F 160,000,000 7.0670 01/25/25 268917 FR 7 US268917FR74
A-4F 80,000,000 7.3710 07/25/28 268917 FS 5 US268917FS57
A-5F 27,796,013 7.6380 08/01/30 268917 FT 3 US268917FT31
A-6F 133,000,000 7.2670 08/01/30 268917 FU 0 US268917FU04
A-7F 74,391,790 7.4480 08/01/30 268917 FV 8 US268917FV86
A-1A 37,812,197 L + 31 08/01/30 268917 FW 6 US268917FW69
</TABLE>
Banc of America Securities LLC
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information and Banc of
America Securities LLC (the "Underwriter") is not soliciting any action based
upon it. This material is not to be construed as an offer to sell or the
solicitation of any offer to buy any security in any jurisdiction where such an
offer or solicitation would be illegal. This material is based on information
that the Underwriter considers reliable, but the Underwriter does not represent
that it is accurate or complete and it should not be relied upon as such. By
accepting this material the recipient agrees that it will not distribute or
provide the material to any other person. The information contained in this
material may pertain to securities that ultimately are not sold. The information
contained in this material may be based on assumptions regarding market
conditions and other matters as reflected herein. The Underwriter makes no
representation regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such
purposes. The Underwriter and its affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including all cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. Any information in the material, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
Banc of America Securities LLC EQCC 1999-3 (Mat)
Price to Yield Table
Bond Class: A-7F
<TABLE>
<CAPTION>
===============================================================================================================
PP=0.0; PP=50.0; PP=75.0; PP=100.0; PP=125.0; PP=150.0; PP=200.0;
0.0;15.0 12.0;20.0 18.0;25.0 24.0;30.0 30.0;35.0 33.0;40.0 48.0;45.0
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
99-17.0 7.2356 7.2398 7.2363 7.2421 7.2465 7.2491 7.2630
99-18.0 7.2266 7.2290 7.2234 7.2270 7.2289 7.2289 7.2399
99-19.0 7.2176 7.2181 7.2105 7.2118 7.2114 7.2087 7.2168
99-20.0 7.2086 7.2073 7.1976 7.1967 7.1939 7.1885 7.1937
99-21.0 7.1997 7.1964 7.1847 7.1816 7.1763 7.1683 7.1706
99-22.0 7.1907 7.1856 7.1719 7.1665 7.1588 7.1481 7.1476
99-23.0 7.1818 7.1748 7.1590 7.1515 7.1414 7.1280 7.1245
99-24.0 7.1728 7.1639 7.1461 7.1364 7.1239 7.1079 7.1015
99-25.0 7.1639 7.1531 7.1333 7.1213 7.1064 7.0878 7.0785
99-26.0 7.1550 7.1423 7.1204 7.1063 7.0890 7.0677 7.0555
99-27.0 7.1460 7.1315 7.1076 7.0913 7.0715 7.0476 7.0326
99-28.0 7.1371 7.1207 7.0948 7.0762 7.0541 7.0275 7.0096
99-29.0 7.1282 7.1099 7.0820 7.0612 7.0367 7.0074 6.9867
99-30.0 7.1193 7.0992 7.0692 7.0462 7.0193 6.9874 6.9638
99-31.0 7.1104 7.0884 7.0564 7.0312 7.0019 6.9674 6.9409
100-0.0 7.1015 7.0776 7.0436 7.0162 6.9845 6.9473 6.9180
100-1.0 7.0926 7.0669 7.0308 7.0013 6.9671 6.9273 6.8951
100-2.0 7.0837 7.0561 7.0180 6.9863 6.9498 6.9074 6.8723
100-3.0 7.0748 7.0454 7.0053 6.9713 6.9324 6.8874 6.8494
100-4.0 7.0660 7.0346 6.9925 6.9564 6.9151 6.8674 6.8266
100-5.0 7.0571 7.0239 6.9798 6.9415 6.8978 6.8475 6.8038
100-6.0 7.0482 7.0132 6.9670 6.9265 6.8804 6.8275 6.7810
100-7.0 7.0394 7.0024 6.9543 6.9116 6.8632 6.8076 6.7583
100-8.0 7.0305 6.9917 6.9416 6.8967 6.8459 6.7877 6.7355
100-9.0 7.0217 6.9810 6.9288 6.8818 6.8286 6.7678 6.7128
100-10.0 7.0128 6.9703 6.9161 6.8669 6.8113 6.7480 6.6901
100-11.0 7.0040 6.9596 6.9034 6.8521 6.7941 6.7281 6.6673
100-12.0 6.9951 6.9489 6.8908 6.8372 6.7768 6.7083 6.6447
100-13.0 6.9863 6.9383 6.8781 6.8224 6.7596 6.6884 6.6220
100-14.0 6.9775 6.9276 6.8654 6.8075 6.7424 6.6686 6.5993
- ---------------------------------------------------------------------------------------------------------------
WAL 4.67 3.70 3.01 2.50 2.11 1.79 1.54
- ---------------------------------------------------------------------------------------------------------------
Mod Dur 3.50 2.89 2.43 2.08 1.79 1.55 1.36
- ---------------------------------------------------------------------------------------------------------------
FirstPrinPay 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999 09/25/1999
- ---------------------------------------------------------------------------------------------------------------
Maturity 09/25/2020 09/25/2016 09/25/2013 07/25/2011 04/25/2010 08/25/2009 04/25/2008
- ---------------------------------------------------------------------------------------------------------------
Prin Window 253 205 169 143 128 120 104
===============================================================================================================
</TABLE>
This document is for informative purposes only. Under no circumstances is it to
be used or considered as an offer to sell, or a solicitation of an offer to buy
any security. Additional information is available upon request. Results based on
hypothetical projections or past performance have created inherent limitations.
There is no certainty that the parameters and assumptions used can be duplicated
with actual trades. This document may not be reproduced in whole or in part or
otherwise made available without our written consent.
