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Previous: BANC ONE CREDIT CARD MASTER TRUST, 8-K/A, 2000-08-31 |
Next: TEGAL CORP /DE/, 10-K/A, 2000-08-31 |
<PAGE>
EXHIBIT 99.1
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-A
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Feb-00
Determined as of: 09-Feb-00
For the Monthly Period Ending: 31-Jan-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 28
Beginning Ending Change
--------- ------ ------
Pool Balance (Principal) 4,262,262,576.82 4,134,989,349.14 (127,273,227.68)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 59,533,333.33 119,066,666.67 59,533,333.33
Adjusted Invested Amount 320,466,666.67 260,933,333.33 (59,533,333.33)
Class A Adjusted Invested Amount 297,666,666.67 238,133,333.33 (59,533,333.33)
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 1,900,000.00 1,900,000.00 0.00
Available Cash Collateral Amount 32,642,000.00 27,284,000.00 (5,358,000.00)
Available Shared Collateral Amount 28,842,000.00 23,484,000.00 (5,358,000.00)
Spread Account 11,400,000.00 11,400,000.00 0.00
Servicing Base Amount 320,466,666.67 260,933,333.33 (59,533,333.33)
Allocation Percentages
----------------------
Floating Allocation Pct 8.92%
Principal Allocation Pct 8.92%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-A Class A Class B
----------- ----------------------------------------------------------------------------------
Principal Collections 496,759,679.26 44,288,373.77 41,631,071.35 2,657,302.43
Finance Charge Collections 74,956,903.12 6,682,747.17 6,281,782.34 400,964.83
PFA Investment Proceeds NA 167,393.39 167,393.39 0.00
Reserve Account Draw NA 137,714.94 137,714.94 0.00
---------- ---------- ----
Available Funds 6,987,855.51 6,586,890.68 400,964.83
Monthly Investor Obligations
----------------------------
Servicer Interchange 395,833.33 372,083.33 23,750.00
Monthly Interest 1,950,350.00 1,830,650.00 119,700.00
Monthly Servicing Fee 66,763.89 62,758.06 4,005.83
Defaulted Amounts 30,671,928.40 2,734,541.24 2,570,468.77 164,072.47
------------ ------------ ----------
5,147,488.46 4,835,960.15 311,528.31
Excess Spread 2,004,439.52 1,750,930.52 253,509.00
Required Amount 0.00 0.00 0.00
Cash Collateral Account
-----------------------
Cash Collateral Fee 8,260.78
Risk-Free Fee 2,660.00
Interest on CCA Draw 0.00
Monthly Cash Collateral Fee 10,920.78
</TABLE>
<PAGE>
Cash Collateral Account (continued)
-----------------------------------
Quarterly Excess Spread Percentage 6.18%
Principal Payment Rate Calculation 11.38%
Calculated Current Month's Spread Account Cap 3.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 3.00%
Beginning Cash Collateral Amount 32,642,000.00
Required Cash Collateral Amount 27,284,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 5,358,000.00
Beginning Spread Account Balance 11,400,000.00
Required Spread Account Amount 11,400,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
---------------------------------------------
Month of Accumulation 2
Controlled Accumulation Amount 59,533,333.33
Required PFA Balance 119,066,666.67
Beginning PFA Balance 59,533,333.33
Controlled Deposit Amount 59,533,333.33
Available Investor Principal Collections 47,022,915.01
Principal Shortfall 12,510,418.32
Shared Principal to Other Series 0.00
Shared Principal from Other Series 12,510,418.32
Class A Monthly Principal 59,533,333.33
Class B Monthly Principal 0.00
Monthly Principal 59,533,333.33
PFA Deposit 59,533,333.33
PFA Withdrawal 0.00
Ending PFA Balance 119,066,666.67
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
Class A Accumulation Period Length
----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 630,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 67,452,497.06
Class A Accumulation Period Length 6
Reserve Account
---------------
Available Reserve Account Amount 1,900,000.00
Covered Amount 305,108.33
Reserve Draw Amount 137,714.94
Portfolio Yield 16.14%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 7.70%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Oct-99
Weighted Average Coupon 6.16%
Required Reserve Account Amount 1,900,000.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 132,268.56
Portfolio Yield - 3 month average 15.86%
Base Rate - 3 month average 8.05%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.80%
*Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to the
balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Adjusted Invested Amount as of the last day of the
Monthly Period preceding the current Monthly Period.
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Feb-00
Determined as of: 09-Feb-00
For the Monthly Period Ending: 31-Jan-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 28
Beginning Ending Change
--------- ------ ------
Pool Balance (Principal) 4,262,262,576.82 4,134,989,349.14 (127,273,227.68)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Adjusted Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 1,900,000.00 1,900,000.00 0.00
Available Cash Collateral Amount 38,000,000.00 38,000,000.00 0.00
Available Shared Collateral Amount 34,200,000.00 34,200,000.00 0.00
Spread Account 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
----------------------
Floating Allocation Pct 8.92%
Principal Allocation Pct 8.92%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-B Class A Class B
----------- -------------------------------------------------------------------------------------
Principal Collections 496,759,679.26 44,288,373.77 41,631,071.35 2,657,302.43
Finance Charge Collections 74,956,903.12 6,682,747.17 6,281,782.34 400,964.83
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---- ---- ----
Available Funds 6,682,747.17 6,281,782.34 400,964.83
Monthly Investor Obligations
----------------------------
Servicer Interchange 395,833.33 372,083.33 23,750.00
Monthly Interest 1,997,850.00 1,875,300.00 122,550.00
Monthly Servicing Fee 79,166.67 74,416.67 4,750.00
Defaulted Amounts 30,671,928.40 2,734,541.24 2,570,468.77 164,072.47
------------ ------------ ----------
5,207,391.24 4,892,268.77 315,122.47
Excess Spread 1,639,428.41 1,389,513.58 249,914.83
Required Amount 0.00 0.00 0.00
Cash Collateral Account
-----------------------
Cash Collateral Fee 9,177.00
Risk-Free Fee 5,201.78
Interest on CCA Draw or Difference between Loan Interest and Deposit Interest (17,820.40)
-----------
Monthly Cash Collateral Fee (3,441.63)
</TABLE>
<PAGE>
Cash Collateral Account (continued)
------------------------------------
Quarterly Excess Spread Percentage 5.69%
Principal Payment Rate Calculation 11.38%
Calculated Current Month's Spread Account Cap 5.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 5.50%
Beginning Cash Collateral Amount 38,000,000.00
Required Cash Collateral Amount 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 20,900,000.00
Required Spread Account Amount 20,900,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
Month of Accumulation 0
Controlled Accumulation Amount 59,533,333.33
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 47,022,915.01
Principal Shortfall 0.00
Shared Principal to Other Series 47,022,915.01
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
Class A Accumulation Period Length
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 630,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 67,452,497.06
Class A Accumulation Period Length 6
Reserve Account
Available Reserve Account Amount 1,900,000.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 15.18%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 7.13%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Jan-00
Weighted Average Coupon 6.31%
Required Reserve Account Amount 1,900,000.00
Reserve Account Surplus 5,446.38
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 15.54%
Base Rate - 3 month average 8.31%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.23%
*Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to the
balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Adjusted Invested Amount as of the last day of the
Monthly Period preceding the current Monthly Period.
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Feb-00
Determined as of: 09-Feb-00
For the Monthly Period Ending: 31-Jan-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 28
Beginning Ending Change
--------- ------ ------
Pool Balance (Principal) 4,262,262,576.82 4,134,989,349.14 (127,273,227.68)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Invested Amount 35,000,000.00 35,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Adjusted Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Adjusted Invested Amount 35,000,000.00 35,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 50,000,000.00 50,000,000.00 0.00
Available Shared Collateral Amount 50,000,000.00 50,000,000.00 0.00
Spread Account 5,000,000.00 5,000,000.00 0.00
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
Allocation Percentages
----------------------
Floating Allocation Pct 11.73%
Principal Allocation Pct 11.73%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
Series
Allocations Trust 1996-A Class A Class B
----------- -------------------------------------------------------------------------------
Principal Collections 496,759,679.26 58,274,176.02 54,194,983.70 4,079,192.32
Finance Charge Collections 74,956,903.12 8,793,088.39 8,177,572.20 615,516.19
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---- ---- ----
Available Funds 8,793,088.39 8,177,572.20 615,516.19
Monthly Investor Obligations
----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,341,597.22 2,174,520.83 167,076.39
Monthly Servicing Fee 104,166.67 96,875.00 7,291.67
Defaulted Amounts 30,671,928.40 3,598,080.58 3,346,214.94 251,865.64
------------ ------------ ----------
6,564,677.80 6,101,985.77 462,692.03
Excess Spread 2,480,276.22 2,075,586.43 404,689.80
Required Amount 0.00 0.00 0.00
1 Month Libor Rate 5.792500%
------------------
Cash Collateral Account
-----------------------
Cash Collateral Fee 24,305.56
Interest on CCA Draw 0.00
Total 24,305.56
</TABLE>
<PAGE>
Cash Collateral Account (continued)
------------------------------------
Quarterly Excess Spread Percentage 5.76%
Principal Payment Rate Calculation 11.38%
Calculated Current Month's Spread Account Cap 1.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 1.00%
Beginning Cash Collateral Amount 50,000,000.00
Required Cash Collateral Amount 50,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 5,000,000.00
Required Spread Account Amount 5,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 51,666,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 61,872,256.60
Principal Shortfall 0.00
Shared Principal to Other Series 61,872,256.60
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 465,000,000.00
Ending Class B Invested Amount 35,000,000.00
Class A Accumulation Period Length
----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 500,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 53,533,727.83
Class A Accumulation Period Length 9
Reserve Account
---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 15.18%
Reserve Account Factor 75.00%
Portfolio Adjusted Yield 7.15%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-02
Weighted Average Coupon 5.62%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 15.54%
Base Rate - 3 month average 8.29%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.25%
*Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to the
balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Adjusted Invested Amount as of the last day of the
Monthly Period preceding the current Monthly Period.
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1997-1
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Distribution Date of: 15-Feb-00
Determined as of: 9-Feb-00
For the Monthly Period Ending: 31-Jan-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 28
Beginning Ending Change
-------------------- ---------------- --------------------
Pool Balance (Principal) 4,262,262,576.82 4,134,989,349.14 (127,273,227.68)
Excess Funding Account 0.00 0.00 0.00
Maximum Certificate Invested Amount 1,700,000,000.00 1,700,000,000.00 0.00
Invested Amount 1,700,000,000.00 1,530,000,000.00 (170,000,000.00)
Partial Amortization Amount 0.00 170,000,000.00 170,000,000.00
Specified Payment Date 2/15/00
Partial Amortization Amount Principal 0.00 0.00 0.00
All prior Partial Amortization Amount
reductions
related to above Specified Payment Date
Partial Amortization Amount - Total 0.00 170,000,000.00 170,000,000.00
Commitment 165,750,000.00 149,175,000.00 (16,575,000.00)
Available Cash Collateral Amount 216,750,000.00 195,075,000.00 (21,675,000.00)
Seller Reserve Portion 51,000,000.00 45,900,000.00 (5,100,000.00)
Unused Commitment 0.00 16,575,000.00 16,575,000.00
Servicing Base Amount 1,700,000,000.00 1,530,000,000.00 (170,000,000.00)
Allocation Percentages
---------------------------------------
Floating Allocation Pct 39.88%
Principal Allocation Pct 39.88%
Allocations Master Trust Series 1997-1
--------------------------------------- -------------------- ----------------
Principal Collections 496,759,679.26 198,132,198.46
Finance Charge Collections 74,956,903.12 29,896,500.51
Interest Earned on CCA-Seller Account NA 146,192.43
----------------
Total Available Fund 30,042,692.94
Monthly Investor Obligations
---------------------------------------
Servicer Interchange 1,770,833.33
Monthly Interest 8,255,909.29
Monthly Servicing Fee 354,166.67
Defaulted Receivables 30,671,928.40 12,233,473.97
----------------
22,614,383.26
Excess Spread 7,428,309.68
Required Amount 0.00
Prepayable Increase Amount Interest - 0.00
Total
Prepayable Increase Amount Interest - 0.00
Paid
Prepayable Increase Amount Interest - 0.00
Unpaid
Eurodollar Rate 0.000000%
CP Rate 6.242350%
</TABLE>
<PAGE>
Cash Collateral Account
---------------------------------------
Monthly Cash Collateral Fee 64,458.33
Risk Rate Base Portion Fee 0.00
Commitment Fee 0.00
----------------
TOTAL FEES 64,458.33
Risk Rate Base Portion 0.00
Risk Rate 0.00%
Quarterly Excess Spread Percentage 5.73%
Applicable Excess Spread Percentage 5.35%
Lender Percentage 9.75%
Beginning Cash Collateral Amount 216,750,000.00
Required Cash Collateral Amount 195,075,000.00
Draw Amount 0.00
Cash Collateral Account Surplus 21,675,000.00
Beginning Seller Reserve 51,000,000.00
Portion-Balance
Required Seller Reserve Portion 45,900,000.00
Amount Deposited to the CCA 0.00
Ending Cash Collateral Amount - Lender 149,175,000.00
Sub-Account
Ending Cash Collateral Amount - Seller 45,900,000.00
Sub-Account
Available Cash Collateral Amount - 195,075,000.00
Ending Balance
Monthly Principal & Controlled Deposit
Amount
---------------------------------------
Month of Amortization n/a
Controlled Distribution Amount 170,000,000.00
Available Investor Principal 210,365,672.42
Collections
Principal Shortfall 0.00
Shared Principal to Other Series 40,365,672.42
Shared Principal from Other Series 0.00
Monthly Principal 170,000,000.00
Ending Invested Amount 1,530,000,000.00
Amortization Period Length
---------------------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 1,700,000,000.00
Invested Amount 1,700,000,000.00
Available Principal 182,014,674.62
Class A Accumulation Period Length 10
Payout Events
---------------------------------------
Portfolio Yield - for the month 15.28%
Portfolio Yield - 3 month average 15.69%
Base Rate - 3 month average 8.41%
(Portfolio Yield 3 mo avg) - (Base 7.27%
Rate 3 mo avg)
Required CCA - Available Cash 0.00
Collateral Amount
Required CCA - Available Cash 0.00%
Collateral Amount (as % of Invested
Amount)
*Note: For purposes of reporting balances, beginning refers to the
balances as of the distribution date in the current Monthly Period, and
ending refers to the balances as of the upcoming Distribution Date. The
Floating Allocation Percentage is based on the Invested Amount as of the
last day of the Monthly Period preceding the current Monthly Period.
<PAGE>
<TABLE>
<CAPTION>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1997-2
<S> <C> <C> <C> <C>
Distribution Date of: 15-Feb-00
Determined as of: 9-Feb-00
For the Monthly Period Ending: 31-Jan-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 28
Beginning Ending Change
--------- ------ ------
Pool Balance (Principal) 4,262,262,576.82 4,134,989,349.14 (127,273,227.68)
Excess Funding Account 0.00 0.00 0.00
Maximum Certificate Invested Amount 900,000,000.00 900,000,000.00 0.00
Invested Amount 900,000,000.00 900,000,000.00 0.00
Partial Amortization Amount 0.00 0.00 0.00
Specified Payment Date
Partial Amortization Amount Principal 0.00 0.00 0.00
All prior Partial Amortization Amount reductions
related to above Specified Payment Date
Partial Amortization Amount - Total 0.00 0.00 0.00
Commitment 87,750,000.00 87,750,000.00 0.00
Available Cash Collateral Amount 114,750,000.00 114,750,000.00 0.00
Seller Reserve Portion 27,000,000.00 27,000,000.00 0.00
Unused Commitment 0.00 0.00 0.00
Servicing Base Amount 900,000,000.00 900,000,000.00 0.00
Allocation Percentages
----------------------
Floating Allocation Pct 21.12%
Principal Allocation Pct 21.12%
Allocations Master Trust Series 1997-2
----------- -------------------- ----------------
Principal Collections 496,759,679.26 104,893,516.83
Finance Charge Collections 74,956,903.12 15,827,559.09
Interest Earned on CCA-Seller Account NA 77,395.99
---------
Total Available Fund 15,904,955.08
Monthly Investor Obligations
----------------------------
Servicer Interchange 937,500.00
Monthly Interest 4,355,526.00
Monthly Servicing Fee 187,500.00
Defaulted Receivables 30,671,928.40 6,476,545.04
------------
11,957,071.04
Excess Spread 3,947,884.04
Required Amount 0.00
Prepayable Increase Amount Interest - Total 0.00
Prepayable Increase Amount Interest - Paid 0.00
Prepayable Increase Amount Interest - Unpaid 0.00
Eurodollar Rate 0.000000%
CP Rate 6.222180%
</TABLE>
<PAGE>
Cash Collateral Account
-----------------------
Monthly Cash Collateral Fee 34,125.00
Risk Rate Base Portion Fee 0.00
Commitment Fee 0.00
----
TOTAL FEES 34,125.00
Risk Rate Base Portion 0.00
Risk Rate 0.00%
Quarterly Excess Spread Percentage 5.74%
Applicable Excess Spread Percentage 5.33%
Lender Percentage 9.75%
Beginning Cash Collateral Amount 114,750,000.00
Required Cash Collateral Amount 114,750,000.00
Draw Amount 0.00
Cash Collateral Account Surplus 0.00
Beginning Seller Reserve 27,000,000.00
Portion-Balance
Required Seller Reserve Portion 27,000,000.00
Amount Deposited to the CCA (per 4.07(g) of Supplement) 0.00
Ending Cash Collateral Amount - Lender Sub-Account 87,750,000.00
Ending Cash Collateral Amount - Seller Sub-Account 27,000,000.00
Available Cash Collateral Amount - Ending Balance 114,750,000.00
Monthly Principal & Controlled Deposit Amount
---------------------------------------------
Month of Amortization n/a
Controlled Distribution Amount 0.00
Available Investor Principal Collections 111,370,061.87
Principal Shortfall 0.00
Shared Principal to Other Series 111,370,061.87
Shared Principal from Other Series 0.00
Monthly Principal 0.00
Ending Invested Amount 900,000,000.00
Amortization Period Length
--------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 900,000,000.00
Invested Amount 900,000,000.00
Available Principal 96,360,710.09
Class A Accumulation Period Length 10
Payout Events
--------------
Portfolio Yield - for the month 15.28%
Portfolio Yield - 3 month average 15.69%
Base Rate - 3 month average 8.41%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.28%
Required CCA - Available Cash Collateral Amount 0.00
Required CCA - Available Cash Collateral Amount
(as % of Invested Amount) 0.00%
*Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to the
balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Invested Amount as of the last day of the Monthly
Period preceding the current Monthly Period.
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