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Previous: TOYOTA MOTOR CREDIT RECEIVABLES CORP, 8-K, 2000-10-31 |
Next: TOYOTA MOTOR CREDIT RECEIVABLES CORP, 8-K, 2000-10-31 |
<PAGE>
Exhibit 20
TOYOTA MOTOR CREDIT CORPORATION
SERVICER'S REPORT -- TOYOTA AUTO RECEIVABLES 2000-A OWNER TRUST
DISTRIBUTION DATE OF OCTOBER 16, 2000 FOR THE COLLECTION PERIOD
SEPTEMBER 1, 2000 THROUGH SEPTEMBER 30, 2000
<TABLE>
<CAPTION>
CLASS A-1 CLASS A-2
--------- ---------
TOTAL BALANCE BALANCE
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
POOL DATA - ORIGINAL DEAL PARAMETERS
Securities Balance $1,479,185,000.00 $374,106,000.00 305,000,000.00
Receivables Pool Balance $1,524,932,796.00
Principal Factor 1.00000000 1.00000000 1.00000000
Rate 6.83375% 7.120%
Targeted Maturity Date July 15, 2001 December 15, 2002
Number of Contracts 98,405
Weighted Average Coupon 10.51%
Weighted Average Remaining Term 55.70 months
Servicing Fee Rate 1.00%
POOL DATA - PRIOR MONTH
Securities Balance $1,338,500,721.50 $233,421,721.50 $305,000,000.00
Receivables Pool Balance $1,384,248,517.50
Securities Pool Factor 0.90489068 0.62394541 1.00000000
Number of Contracts 93,646
Weighted Average Coupon 10.51%
Weighted Average Remaining Term 53.11 months
Precompute and Simple Interest Advances $3,495,754.52
Payahead Account Balance $314,158.46
Supplemental Servicing Fee Received $93,477.45
Interest Shortfall $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00
POOL DATA - CURRENT MONTH
Securities Balance $1,300,247,407.15 $195,168,407.15 $305,000,000.00
Receivables Pool Balance $1,345,995,203.15
Securities Pool Factor 0.87902961 0.52169280 1.00000000
Number of Contracts 92,272
Weighted Average Coupon 10.51%
Weighted Average Remaining Term 52.28 months
Precompute and Simple Interest Advances $4,001,944.09
Payahead Account Balance $348,016.39
Supplemental Servicing Fee Received $91,855.28
Interest Shortfall $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
CLASS A-3 CLASS A-4
--------- ---------
BALANCE BALANCE
----------------------------------------------------------------------------------------------------
POOL DATA - ORIGINAL DEAL PARAMETERS
<S> <C> <C>
Securities Balance $523,000,000.00 $277,079,000.00
Receivables Pool Balance
Principal Factor 1.00000000 1.00000000
Rate 7.180% 7.210%
Targeted Maturity Date August 15, 2004 April 15, 2007
Number of Contracts
Weighted Average Coupon
Weighted Average Remaining Term
Servicing Fee Rate
POOL DATA - PRIOR MONTH
Securities Balance $523,000,000.00 $277,079,000.00
Receivables Pool Balance
Securities Pool Factor 1.00000000 1.00000000
Number of Contracts
Weighted Average Coupon
Weighted Average Remaining Term
Precompute and Simple Interest Advances
Payahead Account Balance
Supplemental Servicing Fee Received
Interest Shortfall $0.00 $0.00
Principal Shortfall $0.00 $0.00
POOL DATA - CURRENT MONTH
Securities Balance $523,000,000.00 $277,079,000.00
Receivables Pool Balance
Securities Pool Factor 1.00000000 1.00000000
Number of Contracts
Weighted Average Coupon
Weighted Average Remaining Term
Precompute and Simple Interest Advances
Payahead Account Balance
Supplemental Servicing Fee Received
Interest Shortfall $0.00 $0.00
Principal Shortfall $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
RESERVE FUND
<S> <C>
Initial Deposit Amount $3,812,332.00
Specified Reserve Fund Percentage 0.75%
Specified Reserve Fund Amount $10,094,964.02
Specified Reserve Fund Percentage (IF CONDITION I OR II MET) 5.50%
Specified Reserve Fund Amount (IF CONDITION I OR II MET) $71,513,607.39
Beginning Balance $10,381,863.88
Total Withdraw $0.00
Amount Available for Deposit to the Reserve Fund $2,609,580.30
Reserve Fund Balance Prior to Release $12,991,444.18
Reserve Fund Required Amount $10,094,964.02
Reserve Fund Release to Seller $2,896,480.16
Ending Reserve Fund Balance $10,094,964.02
</TABLE>
<TABLE>
<CAPTION>
LIQUIDATION OF CHARGE-OFFS AND REPOSSESSIONS
VEHICLES AMOUNT
-------- ------
<S> <C> <C>
Liquidated Contracts 107
---
Gross Principal Balance of Liquidated Receivables $ 1,166,343.19
Net Liquidation Proceeds Received During the Collection Period -$694,620.88
Recoveries on Previously Liquidated Contracts -$3,264.00
---------------------
Aggregate Credit Losses for the Collection Period $468,458.31
---------------------
---------------------
Cumulative Credit Losses for all Periods 168 $669,152.80
--- ---------------------
Repossessed in Current Period 109
---
RATIO OF NET CREDIT LOSSES TO THE AVERAGE POOL BALANCE Annualized Average
FOR EACH COLLECTION PERIOD: Charge-Off Rate
Second Preceding Collection Period 0.01%
First Preceding Collection Period 0.16%
Current Collection Period 0.41%
CONDITION (i) (CHARGE-OFF RATE)
Three Month Average 0.19%
Charge-off Rate Indicator ( > 1.25%) CONDITION NOT MET
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT AND REPOSSESSED CONTRACTS
PERCENT CONTRACTS PERCENT AMOUNT
------- --------- ------- ------
<C> <C> <C> <C> <C>
31-60 Days Delinquent 2.03% 1,875 1.85% $24,021,111.10
61-90 Days Delinquent 0.26% 238 0.24% $3,132,748.46
Over 90 Days Delinquent 0.18% 168 0.17% $2,202,451.23
------------ ---------------------
Total Delinquencies 2,281 $29,356,310.79
============ =====================
Repossessed Vehicle Inventory 199 *
* Included with delinquencies above
RATIO OF NUMBER OF CONTRACTS DELINQUENT 60 DAYS OR MORE TO THE OUTSTANDING
NUMBER OF RECEIVABLES AS OF EACH COLLECTION PERIOD (INCLUDES REPOSSESSIONS):
Second Preceding Collection Period 0.22%
First Preceding Collection Period 0.36%
Current Collection Period 0.44%
CONDITION (ii) (DELINQUENCY PERCENTAGE)
Three Month Average 0.34%
Delinquency Percentage Indicator ( > 1.25%) CONDITION NOT MET
</TABLE>
<PAGE>
TOYOTA MOTOR CREDIT CORPORATION
SERVICER'S REPORT -- TOYOTA AUTO RECEIVABLES 2000-A OWNER TRUST
DISTRIBUTION DATE OF OCTOBER 16, 2000 FOR THE COLLECTION PERIOD
SEPTEMBER 1, 2000 THROUGH SEPTEMBER 30, 2000
<TABLE>
<CAPTION>
CLASS A-1
---------
TOTAL BALANCE
----------------------------------------------------------------------------------------------
COLLECTIONS
<S> <C> <C>
Principal Payments Received $37,086,971.16
Interest Payments Received $11,736,578.07
Net Precomputed Payahead Amount -$33,857.93
Aggregate Net Liquidation Proceeds Received $697,884.88
Principal on Repurchased Contracts $0.00
Interest on Repurchased Contracts $0.00
--------------
Total Collections $49,487,576.18
Net Simple Interest Advance Amount $429,406.03
Net Precomputed Advance Amount $76,783.54
--------------
Total Available Amount $49,993,765.75
AMOUNTS DUE
Servicing Fee $1,153,540.43
Accrued and Unpaid Interest $7,977,330.67
Principal $38,253,314.35
Reserve Fund $2,609,580.30
--------------
Total Amount Due $49,993,765.75
ACTUAL DISTRIBUTIONS
Servicing Fee $1,153,540.43
Interest $7,977,330.67 $1,373,597.68
Principal $38,253,314.35 $38,253,314.35
Reserve Fund $2,609,580.30
-------------- --------------
Total Amount Distributed $49,993,765.75 $39,626,912.03
</TABLE>
<TABLE>
<CAPTION>
CLASS A-2 CLASS A-3 CLASS A-4
--------- --------- ---------
BALANCE BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------
COLLECTIONS
<S> <C> <C> <C>
Principal Payments Received
Interest Payments Received
Net Precomputed Payahead Amount
Aggregate Net Liquidation Proceeds Received
Principal on Repurchased Contracts
Interest on Repurchased Contracts
Total Collections
Net Simple Interest Advance Amount
Net Precomputed Advance Amount
Total Available Amount
AMOUNTS DUE
Servicing Fee
Accrued and Unpaid Interest
Principal
Reserve Fund
Total Amount Due
ACTUAL DISTRIBUTIONS
Servicing Fee
Interest $1,809,666.67 $3,129,283.33 $1,664,782.99
Principal $0.00 $0.00 $0.00
Reserve Fund
-------------- -------------- -------------
Total Amount Distributed $1,809,666.67 $3,129,283.33 $1,664,782.99
</TABLE>
<TABLE>
<CAPTION>
MONTHLY INFORMATION BY TYPE OF LOAN
<S> <C> <C>
PRECOMPUTED CONTRACTS
Scheduled Principal Collections $1,216,720.63
Prepayments in Full 97 contracts $427,333.94
Repurchased Receivables Principal $0.00
Payments Behind/Ahead on Repurchased Receivables $0.00
Total Collections $2,050,085.56
Advances - Reimbursement of Previous Advances $0.00
Advances - Current Advance Amount $76,783.54
Payahead Account - Payments Applied $0.00
Payahead Account - Additional Payaheads $33,857.93
SIMPLE INTEREST CONTRACTS
Collected Principal $20,936,209.13
Prepayments in Full 1170 contracts $14,506,707.46
Collected Interest $11,330,547.08
Repurchased Receivables Principal $0.00
Repurchased Receivables Interest $0.00
Advances - Reimbursement of Previous Advances $0.00
Advances - Current Advance Amount $429,406.03
</TABLE>
I hereby certify to the best of my knowledge that the report
provided is true and correct.
/s/ ROBERT WOODIE
-----------------------------------------------------------
Robert Woodie
National Treasury Manager
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