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Previous: FINGERHUT RECEIVABLES INC, 8-K, 2000-10-16 |
Next: FINGERHUT RECEIVABLES INC, 8-K, EX-20, 2000-10-16 |
<TABLE>
Exhibit 20.a
Fingerhut Receivables, Inc. Fingerhut Master Trust Monthly Report
Securityholder's Statement Series 1998-1 Sept-2000
Class A Class B CTO Class D Total
<C> <S> <C> <C> <C> <C> <C>
(i) Original 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 22,500,000.00 0.00 0.00 22,500,000.00
(iii) Security Interest Distributed 1,593,375.00 268,037.87 392,147.92 2,253,560.79
Security Principal Distributed per $1,000 66.6666667 0.0000000 0.0000000
Security Interest Distributed per $1,000 4.7211111 5.2416667 6.3905208
(iv) Principal Collections 15,873,931.96 2,405,124.10 2,886,186.55 2,886,186.55 24,051,429.16
(v) Finance Collections 10,355,432.82 1,784,682.30 2,141,646.68 2,141,646.68 16,423,408.48
Recoveries 693,391.72 121,221.47 145,467.66 145,467.66 1,105,548.51
Defeasance Funding Acct Earnings 0.00 0.00 0.00 0.00 0.00
Total Finance Collections 11,048,824.54 1,905,903.77 2,287,114.34 2,287,114.34 17,528,956.99
Total Collections 26,922,756.50 4,311,027.87 5,173,300.89 5,173,300.89 41,580,386.15
(vi) Aggregate Amount of Principal Receivables 1,603,663,927.91
Invested Amount (End of Month) 315,000,000.00 51,136,000.00 61,364,000.00 61,364,000.00 488,864,000.00
Floating Allocation Percentage 19.6425195% 3.1886980% 3.8264875% 3.8264875% 30.4841925%
Fixed/Floating Allocation Percentage 21.0455567% 3.1886980% 3.8264875% 3.8264875% 31.8872297%
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 501,721,142.86
(vii) Receivable Delinquencies
Current 75.00% 1,424,931,696.82
30 Days to 59 Days 5.87% 111,397,564.68
60 Days to 89 Days 4.36% 82,868,861.03
90 Days and Over 14.77% 280,700,944.60
Total Receivables 100.00% 1,899,899,067.13
(viii) Aggregate Investor Default Amount 9,920,925.38
As a % of Average Daily Invested Amount (Annualized based on 365 days/year) 20.62%
(ix) Security Charge-Offs 0.00 0.00 0.00 0.00 0.00
(x) Servicing Fee 602,459.02 97,801.09 117,362.84 117,362.94 934,985.79
(xi) Unreimbursed Redirected Principal Collections 0.000000 0.000000 0.000000 0.00
(xii) Excess Funding Account Balance 0.00
(xiii) CTO Trigger Event Occurrence None
CTO Reserve Amount N/A
(xiv) Number of New Accounts Added to the Trust 102,995
(xv) Revolving Receivables Reserve Account Balance 4,375,700.00
(xvi) Defeasance Funding Account Balance 0.00
Average Net Portfolio Yield 15.81%
Minimum Base Rate 8.18%
</TABLE>
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