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Previous: FINGERHUT RECEIVABLES INC, 8-K, EX-20, 2000-06-14 |
Next: RIGHTCHOICE MANAGED CARE INC, 425, 2000-06-14 |
<TABLE>
Exhibit 20.b
Fingerhut Receivables, Inc. Fingerhut Master Trust Monthly Report
Securityholder's Statement Series 1998-2 May-2000
Class A Class B CTO Class D Total
<C> <S> <C> <C> <C> <C> <C>
(i) Security Amount 337,500,000.00 51,136,000.00 61,364,000.00 61,364,000.00 511,364,000.00
(ii) Security Principal Distributed 0.00 0.00 0.00 0.00
(iii) Security Interest Distributed 1,752,187.50 277,412.80 394,856.03 2,424,456.33
Security Principal Distributed per $1,000 0.0000000 0.0000000 0.0000000
Security Interest Distributed per $1,000 5.1916667 5.4250000 6.4346527
(iv) Principal Collections 14,214,011.90 2,153,622.85 2,584,381.11 2,584,381.11 21,536,396.97
(v) Finance Collections 10,048,286.68 1,522,456.85 1,826,972.04 1,826,972.04 15,224,687.61
Recoveries 1,418,784.70 214,965.85 257,962.38 257,962.38 2,149,675.30
Defeasance Funding Acct Earnings 0.00 0.00 0.00 0.00 0.00
Total Finance Collections 11,467,071.38 1,737,422.70 2,084,934.42 2,084,934.42 17,374,362.92
Total Collections 25,681,083.28 3,891,045.55 4,669,315.53 4,669,315.53 38,910,759.89
(vi) Aggregate Amount of Principal Receivables 1,581,964,431.77
Invested Amount (End of Month) 337,500,000.00 51,136,000.00 61,364,000.00 61,364,000.00 511,364,000.00
Floating Allocation Percentage 21.3342344% 3.2324368% 3.8789747% 3.8789747% 32.3246206%
Invested Amount (Beginning of Month) 337,500,000.00 51,136,000.00 61,364,000.00 61,364,000.00 511,364,000.00
Average Daily Invested Amount 511,364,000.00
(vii) Receivable Delinquencies
Current 79.00% 1,483,667,389.14
30 Days to 59 Days 5.15% 96,656,809.99
60 Days to 89 Days 3.65% 68,558,130.42
90 Days and Over 12.20% 229,072,375.16
Total Receivables 100.00% 1,877,954,704.71
(viii) Aggregate Investor Default Amount 7,467,791.98
As a % of Average Daily Invested Amount (Annualized based on 365 days/year) 19.04%
(ix) Security Charge-Offs 0.00 0.00 0.00 0.00 0.00
(x) Servicing Fee 516,393.44 78,240.87 93,890.27 93,890.27 782,414.85
(xi) Pool Factor 1.0000000 1.0000000 1.0000000
(xii) Unreimbursed Redirected Principal Collections 0.000000 0.000000 0.000000 0.00
(xiii) Excess Funding Account Balance 0.00
(xiv) CTO Trigger Event Occurrence None
CTO Reserve Amount N/A
(xv) Number of New Accounts Added to the Trust 137,872
(xvi) Revolving Receivables Reserve Account Balance $4,194,200.00
(xvii) Defeasance Funding Account Balance 0.00
Average Net Portfolio Yield 25.25%
Minimum Base Rate 8.43%
</TABLE>
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