<PAGE>
CASE EQUIPMENT LOAN TRUST 1997-B
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Prepared by Bridget Fassett of Jefferson Wells (262) 636-5155
<TABLE>
<CAPTION>
----------------------------------------------------------------------------
NPV Data Input Section 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00
----------------------------------------------------------------------------
Scheduled cash flows as of the Pool 1 Pool 2 Pool 3 Pool 4
<S> <C> <C> <C> <C> <C>
0 4,940,217.05 1,750,317.82 1,401,497.92 3,038,912.30
1 2,253,586.39 1,021,758.45 691,584.16 1,231,478.46
2 1,747,543.89 707,050.35 438,091.25 669,026.24
3 1,946,455.30 606,703.24 420,588.81 976,249.23
4 2,470,109.68 585,203.57 566,498.89 874,436.49
5 3,481,480.10 445,008.04 367,969.43 701,270.21
6 3,512,628.50 482,486.33 403,142.48 630,977.74
7 3,436,955.90 727,341.43 464,083.94 752,081.51
8 2,723,659.19 1,330,284.46 443,347.74 804,617.28
9 918,399.67 2,848,510.02 1,793,595.38 1,278,495.33
10 729,870.19 509,603.50 2,049,678.20 3,363,775.73
11 865,994.26 617,895.37 708,179.87 4,862,144.84
12 1,556,862.36 724,808.11 587,378.07 860,750.61
13 959,942.62 393,091.02 297,617.17 631,675.47
14 517,331.82 315,246.12 138,515.64 224,849.25
15 607,520.18 249,476.06 122,459.26 476,568.46
16 809,584.49 266,272.94 262,461.17 311,870.90
17 1,223,841.54 170,749.66 138,739.07 231,137.32
18 1,425,326.39 193,819.57 133,614.52 179,306.28
19 1,714,398.39 348,341.51 181,252.37 297,479.11
20 1,456,022.28 678,856.49 191,969.75 313,715.79
21 460,015.10 1,666,695.57 923,694.83 698,163.27
22 180,223.54 275,397.19 1,252,443.13 1,981,585.39
23 242,642.16 187,184.03 516,064.24 3,344,666.35
24 280,637.03 224,282.38 272,060.40 562,122.38
25 85,580.75 141,845.92 128,076.00 338,662.69
26 1,871.45 110,621.13 8,482.18 46,111.43
27 6,191.74 20,397.82 8,314.14 80,496.88
28 23,595.32 7,761.47 2,580.39 37,318.74
29 15,476.70 6,086.91 2,580.39 12,880.07
30 14,237.86 2,098.35 37,547.23 11,388.69
31 31,834.26 2,098.35 2,580.39 16,372.46
32 7,940.28 49,103.34 2,580.39 31,888.79
33 0.00 77,541.49 99,192.59 39,167.94
34 0.00 13,379.00 0.00 161,581.68
35 8,633.42 0.00 0.00 0.00
36 0.00 46,574.08 19,975.11 0.00
37 0.00 0.00 10,668.03 0.00
38 0.00 0.00 0.00 0.00
39 0.00 0.00 0.00 0.00
40 0.00 0.00 0.00 9,027.76
41 0.00 0.00 0.00 0.00
42 0.00 0.00 0.00 0.00
43 0.00 0.00 0.00 0.00
44 0.00 0.00 0.00 0.00
45 0.00 0.00 0.00 0.00
46 0.00 0.00 0.00 0.00
47 0.00 0.00 0.00 0.00
48 0.00 0.00 0.00 0.00
49 0.00 0.00 0.00 0.00
50 0.00 0.00 0.00 0.00
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53 0.00 0.00 0.00 0.00
54 0.00 0.00 0.00 0.00
55 0.00 0.00 0.00 0.00
56 0.00 0.00 0.00 0.00
57 0.00 0.00 0.00 0.00
58 0.00 0.00 0.00 0.00
59 0.00 0.00 0.00 0.00
60 0.00 0.00 0.00 0.00
61 0.00 0.00 0.00 0.00
62 0.00 0.00 0.00 0.00
63 0.00 0.00 0.00 0.00
64 0.00 0.00 0.00 0.00
65 0.00 0.00 0.00 0.00
66 0.00 0.00 0.00 0.00
67 0.00 0.00 0.00 0.00
68 0.00 0.00 0.00 0.00
69 0.00 0.00 0.00 0.00
70 0.00 0.00 0.00 0.00
71 0.00 0.00 0.00 0.00
72 0.00 0.00 0.00 0.00
73 0.00 0.00 0.00 0.00
Total Time Balance of Scheduled 40,656,609.80 17,803,891.09 15,089,104.53 30,082,253.07
Cash Flows
Page 1 of 15
<PAGE>
CASE EQUIPMENT LOAN TRUST 1997-B
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004 $15,190,000
6.410% Asset Backed Certificates due September 15, 2004
Prepared by Bridget Fassett of Jefferson Wells (262) 636-5155
Payment Date 15-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 05-Dec-00
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 30
One-Month LIBOR 6.62000%
PART I -- MONTHLY DATA INPUT
FIXED RATE COLLATERAL
Receipts During the Period $11,852,934.32
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty $0.00
Repurchases
Total Fixed Rate Collections For $11,852,934.32
The Period
FLOATING RATE COLLATERAL
Receipts During the Period $1,560,131.06
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty $0.00
Repurchases
Total Floating Rate Collections $1,560,131.06
For The Period
Pool Balance (Beg. of Collection Period) $8,876,747.21
Pool Balance (End of Collection Period) $7,382,152.79
Total Collection $13,413,065.38
Negative Carry Amount $0.00
Reinvestment Income (including Pre-Funding Account and Spread Account) $132,140.58
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $13,545,205.96
MISCELLANEOUS DATA
FIXED RATE COLLATERAL
Scheduled Amounts 30 - 59 days past due $4,572,747.00
Scheduled Amounts 60 days or more past due $1,326,792.27
Net Losses on Liquidated Receivables $28,667.74
Number of Loans at Beginning of Period 7,854
Number of Loans at End of Period 7,194
Repossessed Equipment not Sold or Reassigned (Beginning) $1,387,260.62
Repossessed Equipment not Sold or Reassigned (End) $1,272,147.09
FLOATING RATE COLLATERAL
Scheduled Amounts 30 - 59 days past due $227,686.83
Scheduled Amounts 60 days or more past due $177,815.61
Net Losses on Liquidated Receivables $0.00
Number of Loans at Beginning of Period 823
Number of Loans at End of Period 689
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $4,800,433.83
Scheduled Amounts 60 days or more past due $1,504,607.88
Net Losses on Liquidated Receivables $28,667.74
Number of Loans at Beginning of Period 8,677
Number of Loans at End of Period 7,883
Repossessed Equipment not Sold or Reassigned (Beginning) $1,387,260.62
Repossessed Equipment not Sold or Reassigned (End) $1,272,147.09
Pre-Funding Account Reinvestment Income $0.00
Page 2 of 15
<PAGE>
CASE EQUIPMENT LOAN TRUST 1997-B
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date 15-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 05-Dec-00
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $114,502,557.15
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance ($0.00)
A-4 Note Beginning Principal Balance $85,850,492.39
B Note Beginning Principal Balance $8,876,746.38
C Note Beginning Principal Balance $4,585,318.38
Certificate Beginning Principal Balance $15,190,000.00
Total Principal Balance of Notes and Certificates (End of Period) $103,717,428.42
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) ($0.00)
A-3 Note Pool Factor (End of Period) (0.0000000)
A-4 Note Principal Balance (End of Period) $76,991,370.56
A-4 Note Pool Factor (End of Period) 0.4082452
B Note Principal Balance (End of Period) 7,382,151.96
B Note Pool Factor (End of Period) 0.0753586
C Note Principal Balance (End of Period) $4,153,905.90
C Note Pool Factor (End of Period) 0.1196436
Certificate Principal Balance (End of Period) $15,190,000.00
Certificate Pool Factor (End of Period) 1.0000000
Fixed Rate Contract Value Decline $9,290,534.31
Pool Balance (Beg. of Collection Period) $105,754,264.39
Pool Balance (End of Collection Period) $96,463,730.08
Fixed Rate Distribution Amount (FxDA) $11,985,074.90
Total Collections and Investment Income for the Period $11,985,074.90
Negative Carry Amount $0.00
Fixed Rate Principal Distribution Amount(FxPDA) $9,290,534.31
Floating Rate Contract Value Decline $1,494,594.42
Pool Balance (Beg. of Collection Period) $8,876,747.21
Pool Balance (End of Collection Period) $7,382,152.79
Floating Rate Distribution Amount (FltDA) $1,560,131.06
Principal Allocation to Notes and Certificates
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount $8,859,121.83
B Noteholders' Principal Distributable Amount $1,494,594.42
C Noteholders' Principal Distributable Amount $431,412.48
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $1,113,790.23
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $458,584.71
Noteholders' Interest Distributable Amount applicable to B Notes $50,449.51
Noteholders' Interest Distributable Amount applicable to C Notes $24,493.24
Certificateholders' Interest Distributable Amount $1,089,296.99
Spread Account
Beginning Spread Account Balance $14,679,845.50
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $2,226,383.10
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $17,359,205.00
Ending Spread Account Balance (after distributions) $16,906,228.61
Credit Enhancement 16.40%
Spread account % of Ending Pool Balance 16.28%
Overcollateralization % of Ending Pool Balance 0.12%
Scheduled Amounts 30 - 59 days past due $4,800,433.83
as % of Ending Pool Balance 4.62%
Scheduled Amounts 60 days or more past due $1,504,607.88
as % of Ending Pool Balance 1.45%
Net Losses on Liquidated Receivables $28,667.74
as % of Ending Pool Balance 0.03%
Page 3 of 15
<PAGE>
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. Sources and Uses of Collection Account Balance Pool 1 Pool 2
Fixed Rate Pool
Wtd. Avg. APR 8.637% 8.833%
Fixed Rate Contract Value (Beg. of Collection Period), by origination pool $40,152,536.06 $17,657,791.23
Fixed Rate Contract Value (End of Collection Period), by origination pool $38,358,484.38 $16,528,442.25
--------------- ---------------
Fixed Rate Contract Value Decline $1,794,051.68 $1,129,348.98
4.47% 6.40%
Fixed Rate Initial Pool Balance $105,754,264.39
Fixed Rate Pool Balance (End of Collection Period) $96,463,730.08
Fixed Rate Collections and Investment Income for the period $11,985,074.90
Negative Carry Amount $0.00
Fixed Rate Distribution Amount (FxDA) $11,985,074.90
Fixed Rate Principal Distribution Amount (FxPDA) $9,290,534.31
Initial C Percentage 4.000%
Fixed Rate Unscheduled $0.00 $0.00
Principal (per pool)
Total Fixed Rate Unscheduled Principal $0.00
Floating Rate Pool
Floating Rate Contract Value (Beg. of Collection Period) $8,876,747.21
Floating Rate Contract Value (End of Collection Period) $7,382,152.79
-------------
Floating Rate Contract Value Decline $1,494,594.42
Floating Rate Distribution Amount (FltDA) $1,560,131.06
Floating Rate Principal Distribution Amount (FltPDA) $1,494,594.42
2. Calculation of Distributable Amounts
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Fixed Rate Principal Distribution Amount 0.00%
A-1 Noteholders' Principal Distributable Amount $0.00
Fixed Rate Principal Distribution Amount Remaining $9,290,534.31
Floating Rate Principal Distribution Amount Remaining $1,494,594.42
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Fixed Rate Principal Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount $0.00
Fixed Rate Principal Distribution Amount Remaining $9,290,534.31
Floating Rate Principal Distribution Amount Remaining $1,494,594.42
A-3 Note Beginning Principal Balance ($0.00)
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Fixed Rate Principal Distribution Amount 0.00%
A-3 Noteholders' Principal Distributable Amount $0.00
Fixed Rate Principal Distribution Amount Remaining $9,290,534.31
Floating Rate Principal Distribution Amount Remaining $1,494,594.42
A-4 Note Beginning Principal Balance $85,850,492.39
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Fixed Rate Principal Distribution Amount 95.36%
A-4 Noteholders' Principal Distributable Amount $8,859,121.83
Fixed Rate Principal Distribution Amount Remaining $431,412.48
Floating Rate Principal Distribution Amount Remaining $1,494,594.42
B Note Beginning Principal Balance $8,876,746.38
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Floating RatePrincipal Distribution Amount 100.00%
B Noteholders' Principal Distributable Amount $1,494,594.42
Fixed Rate Principal Distribution Amount Remaining $431,412.48
Floating Rate Principal Distribution Amount Remaining $0.00
C Note Beginning Principal Balance $4,585,318.38
C Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
C Noteholders' Share of the Fixed Rate & Floating Rate Principal Distribution Amounts 4.00%
C Noteholders' Principal Distributable Amount $431,412.48
Fixed Rate Principal Distribution Amount Remaining $8,859,121.83
Floating Rate Principal Distribution Amount Remaining $0.00
Certificate Beginning Principal Balance $15,190,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Fixed Rate & Floating Rate Principal Distribution Amounts 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $0.00
Interest Accrued on Class A-4 Notes this period $458,584.71
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. Sources and Uses of Collection Account Balance
Pool 3 Pool 4
Fixed Rate Pool
Wtd. Avg. APR
Fixed Rate Contract Value (Beg. of Collection Period), by origination pool 8.872% 8.799%
Fixed Rate Contract Value (End of Collection Period), by origination pool $15,131,131.32 $32,812,805.78
$13,924,338.35 $27,652,465.10
Fixed Rate Contract Value Decline --------------- --------------
$1,206,792.97 $5,160,340.68
Fixed Rate Initial Pool Balance 7.98% 15.73%
Fixed Rate Pool Balance (End of Collection Period)
Fixed Rate Collections and Investment Income for the period
Negative Carry Amount
Fixed Rate Distribution Amount (FxDA)
Fixed Rate Principal Distribution Amount (FxPDA)
Initial C Percentage
Fixed Rate Unscheduled
Principal (per pool) $0.00 $0.00
Total Fixed Rate Unscheduled Principal
Floating Rate Pool
Floating Rate Contract Value (Beg. of Collection Period)
Floating Rate Contract Value (End of Collection Period)
Floating Rate Contract Value Decline
Floating Rate Distribution Amount (FltDA)
Floating Rate Principal Distribution Amount (FltPDA)
2. Calculation of Distributable Amounts
A-1 Note Beginning Principal Balance
A-1 Noteholders' Principal Carryover Shortfall (Previous Period)
A-1 Noteholders' Share of the Fixed Rate Principal Distribution Amount
A-1 Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
A-2 Note Beginning Principal Balance
A-2 Noteholders' Principal Carryover Shortfall (Previous Period)
A-2 Noteholders' Share of the Fixed Rate Principal Distribution Amount
A-2 Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
A-3 Note Beginning Principal Balance
A-3 Noteholders' Principal Carryover Shortfall (Previous Period)
A-3 Noteholders' Share of the Fixed Rate Principal Distribution Amount
A-3 Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
A-4 Note Beginning Principal Balance
A-4 Noteholders' Principal Carryover Shortfall (Previous Period)
A-4 Noteholders' Share of the Fixed Rate Principal Distribution Amount
A-4 Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
B Note Beginning Principal Balance
B Noteholders' Principal Carryover Shortfall (Previous Period)
B Noteholders' Share of the Floating RatePrincipal Distribution Amount
B Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
C Note Beginning Principal Balance
C Noteholders' Principal Carryover Shortfall (Previous Period)
C Noteholders' Share of the Fixed Rate & Floating Rate Principal Distribution Amounts
C Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
Certificate Beginning Principal Balance
Certificateholders' Principal Carryover Shortfall (Previous Period)
Certificateholders' Share of the Fixed Rate & Floating Rate Principal Distribution Amounts
Certificateholders' Principal Distributable Amount
Interest Accrued on Class A-1 Notes this period
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes
Interest Due (in Arrears) on above Shortfall
Noteholders' Interest Distributable Amount applicable to A-1 Notes
Interest Accrued on Class A-2 Notes this period
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes
Interest Due (in Arrears) on above Shortfall
Noteholders' Interest Distributable Amount applicable to A-2 Notes
Interest Accrued on Class A-3 Notes this period
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes
Interest Due (in Arrears) on above Shortfall
Noteholders' Interest Distributable Amount applicable to A-3 Notes
Interest Accrued on Class A-4 Notes this period
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes
Page 4 of 15
<PAGE>
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $458,584.71
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $458,584.71
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $458,584.71
Class B Notes Net Funds Cap 8.85955%
Class B Accrual Rate (Min(Net Funds Cap, 1 Month Libor +20bp)) 6.82000%
Net Funds Cap? NO
Interest Accrued on Class B Notes this period $50,449.51
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $50,449.51
Preliminary Class B Net Funds Cap Carryover Amount $0.00
Interest Accrued on Class C Notes this period $24,493.24
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to C Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to C Notes $24,493.24
Interest Accrued on Certificates this period $81,139.92
Certificateholders' Interest Carryover Shortfall (Previous Period) $1,002,800.44
Interest Due (in Arrears) on Above Shortfall $5,356.63
Certificateholders' Interest Distributable Amount $1,089,296.99
3. Allocation of Fixed Rate and Floating Rate Distribution Amounts
a. Fixed Rate Distribution Amount (FxDA) $11,985,074.90
Fixed Rate Percentage of Administration Fee Shortfall (Previous Period) $0.00
Fixed Rate Percentage of Administration Fee Accrued during this Period $153.76
Fixed Rate Percentage of Administration Fee Paid this Period from FxDA $153.76
Fixed Rate Percentage of Administration Fee Shortfall $0.00
Total Fixed Rate Distribution Amount Remaining $11,984,921.14
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from FxDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes Paid this Period from FxDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $0.00
Noteholders' Interest applicable to A-3 Notes Paid this Period from FxDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $458,584.71
Noteholders' Interest applicable to A-4 Notes Paid this Period from FxDA $458,584.71
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $458,584.71
Offered Noteholders' Interest Paid this Period from FxDA $458,584.71
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $11,526,336.43
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to C Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class C Notes this period $24,493.24
Noteholders' Interest applicable to C Notes Paid this Period from FxDA $24,493.24
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
Total Fixed Rate Distribution Amount Remaining $11,501,843.19
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid from FxDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $11,501,843.19
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount Paid from FxDA $0.00
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $11,501,843.19
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount Paid from FxDA $0.00
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $11,501,843.19
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount $8,859,121.83
A-4 Noteholders' Principal Distributable Amount Paid from FxDA $8,859,121.83
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Excess Distribution Amount $2,642,721.36
</TABLE>
Page 5 of 15
<PAGE>
<TABLE>
<S><C>
Total Fixed Rate Excess Distribution Amount $2,642,721.36
b. Floating Rate Distribution Amount (FltDA) $1,560,131.06
Floating Rate Percentage of Administration Fee Shortfall (Previous Period) $0.00
Floating Rate Percentage of Administration Fee Accrued during this Period $12.91
Floating Rate Percentage of Administration Fee Paid this Period from FltDA $12.91
Floating Rate Percentage of Administration Fee Shortfall $0.00
Total Floating Rate Distribution Amount Remaining $1,560,118.15
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class B Notes this period $50,449.51
Noteholders' Interest applicable to B Notes Paid this Period from FltDA $50,449.51
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Total Floating Rate Distribution Amount Remaining $1,509,668.64
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount $1,494,594.42
B Noteholders' Principal Distributable Amount Paid from FltDA $1,494,594.42
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Floating Rate Excess Distribution Amount $15,074.22
c. Allocation of Fixed Rate Excess Distribution Amount $2,642,721.36
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
B Noteholders' Interest Carryover Shortfall paid from Fx Excess DA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes Remaining $0.00
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall paid from Fx Excess DA $0.00
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) Remaining $0.00
Remaining Fixed Rate Excess Distribution Amount $2,642,721.36
d. Allocation of Floating Rate Excess Distribution Amount $15,074.22
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
A Noteholders' Interest Carryover Shortfall paid from Flt Excess DA $0.00
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) Remaining $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
C Noteholders' Interest Carryover Shortfall paid from Flt Excess DA $0.00
Preliminary C Noteholders' Interest Carryover Shortfall (Current Period) Remaining $0.00
Preliminary A Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A Noteholders' Principal Carryover Shortfall paid from Flt Excess DA $0.00
Preliminary A Noteholders' Principal Carryover Shortfall (Current Period) Remaining $0.00
Remaining Floating Rate Excess Distribution Amount $15,074.22
e. Allocation of Remaining Fixed and Floating Rate Excess Distribution Amounts $2,657,795.58
C Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
C Noteholders' Monthly Principal Distributable Amount $431,412.48
C Noteholders' Principal Distributable Amount Paid from Fx and Flt Excess DA $431,412.48
Preliminary C Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed and Floating Rate Excess Distribution Amount Remaining $2,226,383.10
4. Reconciliation of Pre-Funding Account
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account $0.00
-----
Payment to Seller $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Seller) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. Reconciliation of Negative Carry Account
Beginning Negative Carry Account Balance $0.00
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $4,724,734.08
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. Distributions from Spread Account
Beginning Spread Account Balance $14,679,845.50
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $2,226,383.10
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Page 6 of 15
<PAGE>
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
Adj to Preliminary C Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $16,906,228.61
Cumulative Realized Losses since 31-August-97 (Cut-off Date) $11,404,983.86
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period) + Repos at end of Collection Period $1,616,159.97
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? NO
60 day or > Delinquent Scheduled Amounts $1,504,607.88
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Case Credit has discovered a systems error in the report used to identify
losses for the trust. The report only identified losses that had been
applied against dealer reserves. It failed to include in the loss figure any
losses that were not covered by dealer reserves. This resulted in an
inadvertent and immaterial understatement of losses in the monthly servicer
reports for years prior to 1999. The systems error had no impact on
historical loss figures reflected in the prospectuses for the ABS
transactions, which were generated separately and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the
losses that were not included in the monthly servicer reports through its
on-book reserves. Case Credit will not charge these losses back to the
trust. The cumulative amount of losses that were inadvertently absorbed by
Case Credit that should have been charged to the trust was: 1,165,589.54
If the monthly servicer reports for the trust were restated, the cumulative
loss test would still have been met as indicated below:
Restated Cumulative Realized Losses: 12,570,573.40
Are Cumulative Realized Losses > 2.25% of the Initial Pool Balance? YES
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) ($0.00)
Preliminary A-4 Note Principal Balance (End of Period) $76,991,370.56
Preliminary B Note Principal Balance (End of Period) $7,382,151.96
Preliminary C Note Principal Balance (End of Period) $4,153,905.90
Preliminary Total Principal Balance of Notes (End of Period) $88,527,428.42
Specified Spread Account
Balance Lesser of: 17,359,205.00
(a) 2.00% of the Initial Pool Balance 17,359,205.00
(b) the Note Balance 88,527,428.42
Preliminary Spread Account Balance Remaining $14,679,845.50
Preliminary Excess Amount in Spread Account $0.00
Preliminary Shortfall Amount in Spread Account $2,679,359.50
Deposit to Spread Account from Remaing Fixed and Floating Rate Excess Distribution $2,226,383.10
Spread Account Excess $0.00
Ending Spread Account Balance (after distributions) $16,906,228.61
Net Change in Spread Account Balance $2,226,383.10
7. Distribution to Class B Net Funds Cap, Certificate Distributions and Servicing Fees
Total Fixed and Floating Rate Excess Distribution Amount Remaining $0.00
Preliminary Class B Net Funds Cap Carryover Amount $177,363.02
Preliminary Class B Net Funds Cap Carryover Amount Paid from Fixed and Floating Rate Excess $0.00
Class B Net Funds Cap Carryover Amount $177,363.02
Total Fixed and Floating Rate Excess Distribution Amount Remaining $0.00
Certificateholders' Interest Carryover Shortfall (Previous Period) $1,002,800.44
Interest Due (in Arrears) on Above Shortfall $5,356.63
Interest Accrued on Certificates this period $81,139.92
Certificateholders' Interest Paid from Fixed and Floating Rate Excess Distribution $0.00
Preliminary Certificateholders' Interest Carryover Shortfall (Current Period) $1,089,296.99
Total Fixed and Floating Rate Excess Distribution Amount Remaining $0.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount applicable to current period $0.00
Certificateholders' Principal Distributable Amount Paid from Fixed and Floating Rate $0.00
Excess Distrbution
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed and Floating Rate Excess Distribution Amount Remaining $0.00
Servicing Fee Shortfall (Previous Period) 2,027,160.23
Servicing Fees Accrued during this Period $95,525.84
Servicing Fees Paid this Period from Fixed and Floating Rate Excess $0.00
Adjustment to Servicing Fee
Adjustment to Excess Distribution Amount Remaining
Servicing Fee Shortfall $2,122,686.07
Total Fixed and Floating Rate Excess Distribution Amount Remaining $0.00
Page 7 of 15
<PAGE>
8. Ending Balances
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
C Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $1,089,296.99
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) ($0.00)
A-4 Note Principal Balance (End of Period) $76,991,370.56
B Note Principal Balance (End of Period) $7,382,151.96
C Note Principal Balance (End of Period) $4,153,905.90
Certificate Principal Balance (End of Period) $15,190,000.00
Total Principal Balance of Notes and Certificates (End of Period) $103,717,428.42
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Pool Factor (End of Period) (0.0000000)
A-4 Note Pool Factor (End of Period) 0.4082452
B Note Pool Factor (End of Period) 0.0753586
C Note Pool Factor (End of Period) 0.1196436
Certificate Pool Factor (End of Period) 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.1194956
Specified Spread Account Balance (after all distributions and adjustments) $16,906,228.61
Page 8 of 15
<PAGE>
====================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1997-B
STATEMENT TO NOTEHOLDERS
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 15-Dec-00
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $8,859,121.83
per $1,000 original principal amount: $46.98
(e) B Notes: $1,494,594.42
per $1,000 original principal amount: $15.26
(f) C Notes: $431,412.48
per $1,000 original principal amount: $12.43
(g) Total $10,785,128.73
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $458,584.71
per $1,000 original principal amount: $2.43
(e) B Notes: $50,449.51
per $1,000 original principal amount: $0.51
(f) C Notes: $24,493.24
per $1,000 original principal amount: $0.71
(g) Total $533,527.46
(3) Pool Balance at the end of the related Collection Period $103,845,882.87
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: ($0.00)
(ii) A-3 Note Pool Factor: 0.0000000
(d) (i) outstanding principal amount of A-4 Notes: $76,991,370.56
(ii) A-4 Note Pool Factor: 0.4082452
(e) (i) outstanding principal amount of B Notes: $7,382,151.96
(ii) B Note Pool Factor: 0.0753586
(f) (i) outstanding principal amount of C Notes: $4,153,905.90
(ii) C Note Pool Factor: 0.1196436
(g) (i) Certificate Balance $15,190,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $0.00
per $1,000 Beginning of per Collection Period: 0.00000000
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of per Collection Period: 0.00339933
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the Collection Period: $28,667.74
(9) Amount in Spread Account: $16,906,228.61
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
===================================================================================================================================
Page 9 of 15
<PAGE>
===================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1997-B
STATEMENT TO CERTIFICATEHOLDERS
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 15-Dec-00
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $8,859,121.83
per $1,000 original principal amount: $46.98
(e) B Notes: $1,494,594.42
per $1,000 original principal amount: $15.26
(f) C Notes: $431,412.48
per $1,000 original principal amount: $12.43
(g) Certificates: $0.00
per $1,000 original principal amount: $0.00
(h) Total: $1,926,006.90
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $458,584.71
per $1,000 original principal amount: $2.43
(e) B Notes: $50,449.51
per $1,000 original principal amount: $0.51
(f) C Notes: $24,493.24
per $1,000 original principal amount: $0.71
(g) Certificates: $0.00
per $1,000 original principal amount: $0.00
(h) Total: $483,077.95
(3) Pool Balance at end of related Collection Period: $103,845,882.87
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: ($0.00)
(ii) A-3 Note Pool Factor: 0.0000000
(d) (i) outstanding principal amount of A-4 Notes: $76,991,370.56
(ii) A-4 Note Pool Factor: 0.4082452
(e) (i) outstanding principal amount of B Notes: $7,382,151.96
(ii) B Note Pool Factor: 0.0753586
(f) (i) outstanding principal amount of C Notes: $4,153,905.90
(ii) C Note Pool Factor: 0.1196436
(g) (i) Certificate Balance $15,190,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $0.00
per $1,000 Beginning of Collection Period: 0.0000000
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0033993
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the Collection Period: $28,667.74
(9) Amount in Spread Account: $16,906,228.61
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the Remaining Pre-Funded Amount NA
Page 10 of 15
<PAGE>
(12) Amount in Negative Carry Account: $0.00
====================================================================================================================================
</TABLE>
Page 11 of 15
<PAGE>
<TABLE>
<S><C>
CASE EQUIPMENT LOAN TRUST 1997-B
PAYMENT AND DEPOSIT INSTRUCTIONS
TO INDENTURE TRUSTEE
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 15-Dec-00
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $533,527.46
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $10,785,128.73
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(6) Payment of Servicing Fee to Servicer: $0.00
(7) Deposit to Spread Account $2,226,383.10
(7) Release to Seller from Excess Collections over Distributions $0.00
Check for Error NO ERROR
Sum of Above Distributions $13,545,205.96
Total Distribution Amount plus Releases to Seller $13,545,205.96
Page 12 of 15
<PAGE>
CASE EQUIPMENT LOAN TRUST 1997-B
SERVICER'S CERTIFICATE
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 15-Dec-00
(1) Total Distribution Amount: $13,545,205.96
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $0.00
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $458,584.71
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to B Notes: $50,449.51
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Noteholders' Interest Distributable Amount applicable to C Notes: $24,493.24
(14) Noteholders' Interest Carryover Shortfall applicable to C Notes: $0.00
(15) Offered Noteholders' Interest Distributable Amount' $533,527.46
deposited into Note Distribution Account:
(16) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(17) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(18) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(19) A-1 Noteholders' Principal Distributable Amount: $0.00
(20) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(21) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(22) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(23) A-2 Noteholders' Principal Distributable Amount: $0.00
(24) A-3 Noteholders' Monthly Principal Distributable Amount: $0.00
(25) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 0.00%
(26) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(27) A-3 Noteholders' Principal Distributable Amount: $0.00
(28) A-4 Noteholders' Monthly Principal Distributable Amount: $8,859,121.83
(29) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 95.36%
(30) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(31) A-4 Noteholders' Principal Distributable Amount: $8,859,121.83
(32) B Noteholders' Monthly Principal Distributable Amount: $1,494,594.42
(33) % of Floating Rate Principal Distribution Amount applicable to B Noteholders 100.00%
(34) B Noteholders' Principal Carryover Shortfall: $0.00
(35) B Noteholders' Principal Distributable Amount: $1,494,594.42
(36) C Noteholders' Monthly Principal Distributable Amount: $431,412.48
(37) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to C Noteholders 4.00%
(38) C Noteholders' Principal Carryover Shortfall: $0.00
(39) C Noteholders' Principal Distributable Amount: $431,412.48
(40) Noteholders' Principal Distribution Amount: $10,785,128.73
(41) Noteholders' Distributable Amount: $11,318,656.19
(42) Deposit to Spread Account (from excess collections): $2,226,383.10
(43) Specified Spread Account Balance (after all distributions and adjustments) : $17,359,205.00
The Lesser of:
(a) 2.00% of the Initial Pool Balance $17,359,205.00
Page 13 of 15
<PAGE>
(b) the Note Balance $88,527,428.42
(44) Spread Account Balance over the Specified Spread Account Balance: $0.00
(45) Class B Net Funds Cap Carryover Amount paid from Excess $0.00
(46) Ending Class B Net Funds Cap Carryover Amount $177,363.02
(47) Certificateholders' Interest Distributable Amount: $0.00
(48) Certificateholders' Interest Carryover Shortfall: $1,089,296.99
(49) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificate holders 0.00%
(50) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(51) Certificateholders' Principal Carryover Shortfall: $0.00
(52) Certificateholders' Principal Distributable Amount: $0.00
(53) Certificateholders' Distributable Amount: $0.00
(54) Servicing Fee: $0.00
(55) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $0.00
(b) Release of Excess Amount in Negative Carry Account $0.00
(56) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(57) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $114,631,011.60
(58) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: ($0.00)
A-3 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-4 Notes: $76,991,370.56
A-4 Note Pool Factor: 0.4082452
Outstanding Principal Balance of B Notes: $7,382,151.96
B Note Pool Factor: 0.0753586
Outstanding Principal Balance of C Notes: $4,153,905.90
C Note Pool Factor: 0.1196436
Outstanding Principal Balance of the Certificates: $15,190,000.00
Certificate Pool Factor: 1.0000000
(59) Aggregate Purchase Amounts for related Collection Period: $0.00
(60) Aggregate Amount of Realized Losses for the related Collection Period: $28,667.74
(61) Spread Account Balance after giving effect to all distributions: $16,906,228.61
Page 14 of 15
<PAGE>
Mr. Bruce Fabrikant
Senior Analyst
Moody's Investors Service
99 Church Street, 4th Floor
New York, NY 10007
Subject: Case Equipment Loan
Trust 1997-B
Dear Bruce:
Per our agreement at closing, the following information regarding the Case
Equipment Loan Trust 1997-B is provided to Moody's for the following collection
period.
Pool Balance on 04-Nov-00
$114,631,011.60
Pool Balance on 05-Dec-00
$103,845,882.87
Realized Losses during collection period: $28,667.74
Aggregate Scheduled Payments delinquent by more
than 60 days at the end of collection period: $1,504,607.88
Aggregate Contract Value of all Receivables as to
which the related Financed Equipment has been
repossessed but in which the Receivable has not
been liquidated at the end of the collection period: $1,272,147.09
Total Collections During the $13,545,205.96
Collection Period:
Sincerely,
Ralph Than
Case Credit Corporation
Page 15 of 15
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-A
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Prepared by Suzhen Ruan (262) 636-7381
----------------------------------------------------------------------------------
NPV Data Input Section 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00
----------------------------------------------------------------------------------
Scheduled cash flows as of the
indicated cutoff date Pool 1 Pool 2 Pool 3 Pool 4 Pool 5
Row 0 is total delinquent amount
valued without discounting 9,136,106.23 1,759,257.75 2,067,822.79 1,083,938.46 8,475.52
6,785,434.30 3,371,767.98 1,159,020.77 641,645.03 2,319.53
1,623,434.60 3,949,982.66 2,894,366.23 511,265.13 2,319.53
1,310,635.63 813,894.22 5,080,523.49 1,552,356.88 2,319.53
1,387,904.84 634,926.04 1,022,196.44 2,364,104.26 5,807.75
1,207,960.10 624,454.52 590,949.82 466,413.08 12,743.55
1,258,185.65 545,457.00 626,164.59 429,504.08 2,319.53
1,265,237.58 633,762.85 628,322.47 509,527.81 2,319.53
1,440,228.10 674,676.48 656,354.30 492,373.56 2,319.53
1,761,526.23 598,685.42 787,607.72 627,833.30 2,319.53
1,466,861.88 568,727.26 617,448.87 506,114.36 2,319.53
2,994,107.33 628,070.85 640,003.27 467,227.32 2,319.53
7,078,359.10 918,755.13 1,031,611.30 594,457.90 2,319.53
4,908,335.79 2,674,997.69 831,034.59 563,604.48 2,319.53
875,136.76 2,643,550.98 2,055,854.05 454,406.64 2,319.53
590,710.15 411,829.56 3,350,783.03 1,323,870.97 2,319.53
626,442.55 291,964.36 627,396.36 1,951,541.73 2,319.62
595,809.30 201,311.54 214,754.25 188,019.07 12,138.58
554,467.13 211,758.18 242,820.97 141,915.80 1,714.56
532,381.14 242,288.05 235,741.49 216,762.96 1,714.56
703,719.21 260,965.30 247,624.40 192,789.89 1,714.56
988,550.90 251,425.25 333,077.09 288,213.10 1,714.56
749,559.44 232,097.54 222,614.00 180,432.68 1,714.56
1,732,194.62 230,434.72 226,218.35 131,512.45 1,714.56
5,118,787.04 460,047.26 449,600.78 267,418.61 1,714.56
3,498,671.39 1,769,900.39 428,043.27 255,152.50 1,714.56
403,531.51 1,570,927.89 1,263,679.41 164,497.02 1,714.56
130,985.82 223,412.15 2,296,703.74 826,846.19 1,714.56
172,577.13 114,506.80 264,148.45 1,142,301.29 1,714.56
67,126.91 15,196.11 28,520.14 39,014.80 12,138.58
23,918.73 14,336.12 71,357.39 4,840.12 0.00
47,499.25 29,020.13 22,495.57 46,371.64 0.00
52,973.74 7,144.08 11,780.62 8,788.01 0.00
78,483.36 30,411.24 16,161.84 45,556.94 0.00
29,273.27 36,519.50 0.00 24,297.44 0.00
178,776.44 50,781.51 29,858.16 1,253.18 0.00
260,541.69 38,477.77 171,774.49 1,253.18 0.00
12,778.69 305,886.94 0.00 13,253.17 0.00
15,350.62 27,835.13 178,405.18 11,592.19 0.00
0.00 0.00 12,041.78 151,743.75 0.00
9,000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
Total Time Balance of
Scheduled Cash Flows 61,673,564.15 28,069,444.35 31,634,881.46 18,884,010.97 102,637.65
</TABLE>
<PAGE>
Page 2 of 16
<TABLE>
<S> <C>
CASE EQUIPMENT LOAN TRUST 1998-A
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Prepared by Suzhen Ruan (262) 636-7381
Scheduled Payment Date 15-Dec-00
Actual Payment Date 15-Dec-00
Collection Period Begin Date 03-Nov-00
Collection Period End Date 05-Dec-00
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 30
PART I -- MONTHLY DATA INPUT
Receipts During the Period $10,754,430.38
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $10,754,430.38
Pool Balance (Beg. of Collection Period) $139,207,516.55
Pool Balance (End of Collection Period) $129,808,245.94
Total Collection $10,754,430.38
Negative Carry Withdrawls $0.00
Reinvestment Income (including Pre-Funding Account and Spread Account) $93,138.34
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $10,847,568.72
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $3,274,842.89
Scheduled Amounts 60 days or more past due $1,028,335.75
Net Losses on Liquidated Receivables $525,508.29
Number of Loans at Beginning of Period 8,572
Number of Loans at End of Period 8,111
Repossessed Equipment not Sold or Reassigned (Beginning) $1,069,533.06
Repossessed Equipment not Sold or Reassigned (End) $1,420,023.87
Pre-Funding Account Reinvestment Income $0.00
=================================================================================================================
<PAGE>
Page 3 of 16
CASE EQUIPMENT LOAN TRUST 1998-A
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Actual Payment Date 15-Dec-00
Collection Period Begin Date 03-Nov-00
Collection Period End Date 05-Dec-00
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $139,207,516.55
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance $0.00
A-4 Note Beginning Principal Balance $122,701,215.89
B Note Beginning Principal Balance $5,568,300.66
Certificate Beginning Principal Balance $10,938,000.00
Total Principal Balance of Notes and Certificates (End of Period) $129,808,245.94
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $0.00
A-3 Note Pool Factor (End of Period) 0.0000000
A-4 Note Principal Balance (End of Period) $113,677,916.10
A-4 Note Pool Factor (End of Period) 0.6299725
B Note Principal Balance (End of Period) $5,192,329.84
B Note Pool Factor (End of Period) 0.2076932
Certificate Principal Balance (End of Period) $10,938,000.00
Certificate Pool Factor (End of Period) 1.0000000
COLLATERAL VALUE DECLINE $9,399,270.61
Pool Balance (Beg. of Collection Period) $139,207,516.55
Pool Balance (End of Collection Period) $129,808,245.94
Total Distribution Amount (TDA) $10,847,568.72
Total Collections and Investment Income for the Period $10,847,568.72
Negative Carry Withdrawls $0.00
Principal Distribution Amount (PDA) $9,399,270.61
Principal Allocation to Notes and Certificates $9,399,270.61
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount $9,023,299.79
B Noteholders' Principal Distributable Amount $375,970.82
Certificateholders' Principal Distributable Amount ($0.00)
Interest Distributable Amount $732,240.71
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $596,123.41
Noteholders' Interest Distributable Amount applicable to B Notes $27,563.09
Certificateholders' Interest Distributable Amount $108,554.21
Spread Account
Beginning Spread Account Balance $11,985,168.33
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $824,444.94
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $12,499,977.37
Ending Spread Account Balance (after distributions) $12,499,977.37
Credit Enhancement 9.63%
Spread account % of Ending Pool Balance 9.63%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $3,274,842.89
as % of Ending Pool Balance 2.52%
Scheduled Amounts 60 days or more past due $1,028,335.75
as % of Ending Pool Balance 0.79%
Net Losses on Liquidated Receivables $525,508.29
as % of Ending Pool Balance 0.40%
<PAGE>
Page 4 of 16
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1 Pool 2 Pool 3 Pool 4 Pool 5
Wtd. Avg. APR 8.758% 8.597% 8.491% 9.174% 9.428%
Contract Value(Beg of Collection Period), by origination pool $62,020,704.99 $27,704,581.39 $31,194,624.34 $18,193,880.85 $93,724.98
Contract Value(End of Collection Period), by origination pool $57,083,215.69 $26,050,102.14 $29,305,382.34 $17,276,860.19 $92,685.58
--------------- -------------- -------------- -------------- ----------
Contract Value Decline $4,937,489.30 $1,654,479.25 $1,889,242.00 $917,020.66 $1,039.40
7.96% 5.97% 6.06% 5.04% 1.11%
Initial Pool Balance $624,998,868.47
Pool Balance (End of Collection Period) $129,808,245.94
Collections and Investment Income for the period $10,847,568.72
Negative Carry Withdrawls $0.00
Total Distribution Amount (TDA) $10,847,568.72
Principal Distribution Amount (PDA) $9,399,270.61
Initial B Percentage 4.000%
Unscheduled Principal (per pool) $0.00 $0.00 $0.00 $0.00 $0.00
Total Unscheduled Principal $0.00
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
Preliminary A-1 Noteholders' Principa; Distributable Amount $0.00
One-Time Excess Prefunding Account Payment $0.00
A-1 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $9,399,270.61
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $9,399,270.61
A-3 Note Beginning Principal Balance $0.00
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution Amount 0.00%
A-3 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $9,399,270.61
A-4 Note Beginning Principal Balance $122,701,215.89
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Principal Distribution Amount 96.00%
A-4 Noteholders' Principal Distributable Amount $9,023,299.79
Principal Distribution Amount Remaining $375,970.82
B Note Beginning Principal Balance $5,568,300.66
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Principal Distribution Amount 4.00%
B Noteholders' Principal Distributable Amount $375,970.82
Principal Distribution Amount Remaining $9,023,299.79
Certificate Beginning Principal Balance $10,938,000.00
Certificateholders' Principal Carryover Shortfall(Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amount 0.00%
Certificateholders' Principal Distributable Amount ($0.00)
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $0.00
Interest Accrued on Class A-4 Notes this period $596,123.41
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to
A-4 Notes $596,123.41
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes
this period $596,123.41
Offered Noteholders' Interest Carryover Shortfall
(Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $596,123.41
Interest Accrued on Class B Notes this period $27,563.09
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to
B Notes $27,563.09
Interest Accrued on Certificates this period $54,143.10
<PAGE>
Page 5 of 16
Certificateholders' Interest Carryover Shortfall
(Previous Period) $54,143.10
Interest Due (in Arrears) on Above Shortfall $268.01
Certificateholders' Interest Distributable Amount $108,554.21
<PAGE>
Page 6 of 16
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. Total Distribution Amount (TDA) $10,847,568.72
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $10,847,402.05
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $0.00
Noteholders' Interest applicable to A-3 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $596,123.41
Noteholders' Interest applicable to A-4 Notes Paid this Period from TDA $596,123.41
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $596,123.41
Offered Noteholders' Interest Paid this Period from TDA $596,123.41
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total A Noteholders' Principal Carryover Shortfall $0.00
Total Distribution Amount Remaining $10,251,278.64
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on B Notes this period $27,563.09
Noteholders' Interest applicable to B Notes Paid this Period from TDA $27,563.09
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable
to B Notes $0.00
Total Distribution Amount Remaining $10,223,715.55
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $10,223,715.55
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $10,223,715.55
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $10,223,715.55
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount $9,023,299.79
A-4 Noteholders' Principal Distributable Amount Paid from TDA $9,023,299.79
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $1,200,415.77
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount $375,970.82
B Noteholders' Principal Distributable Amount Paid from TDA $375,970.82
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $824,444.94
</TABLE>
<PAGE>
<TABLE>
<S> <C>
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account $0.00
-----
Payment to Seller $0.00
Payment to Class A-1 after Funding is Complete $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Sellers) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 3.209816%
Number of Days Remaining 0 days
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $4,595,626.41
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
<PAGE>
6. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $11,985,168.33
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $824,444.94
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $12,809,613.28
Cumulative Realized Losses since 31-January-98 (Cut-off Date) $8,580,599.08
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period )+ Repos at end of Collection Period $7,726,123.35
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? YES
60 day or > Delinquent Scheduled Amounts $1,028,335.75
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? YES
Case Credit has discovered a systems error in the report used to
identify losses for the trust. The report only identified losses that had
been applied against dealer reserves.
It failed to include in the loss figure any losses that were not covered by
dealer reserves. This resulted in an inadvertent and immaterial
understatement of losses in the monthly servicer reports for years prior to
1999. The systems error had no impact on historical loss figures reflected
in the prospectuses for the ABS transactions, which were generated
separately and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the
losses that were not included in the monthly servicer reports through its
on-book reserves.
Case Credit will not charge these losses back to the trust. The cumulative
amount of losses that were inadvertently absorbed by Case Credit that should
have been charged to the trust was: $ 360,728.75
If the monthly servicer reports for the trust were restated, the
cumulative loss test would would still have been met as indicated below:
Restated Cumulative Realized Losses: 8,941,327.83
Are Cumulative Realized Losses > 2.25% of the Initial Pool Balance? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $0.00
Preliminary A-4 Note Principal Balance (End of Period) $113,677,916.10
Preliminary B Note Principal Balance (End of Period) $5,192,329.84
Preliminary Total Principal Balance of Notes (End of Period) $118,870,245.94
Specified Spread Account Balance 12,499,977.37
Lesser of:
(a) 2.00% of the Initial Pool Balance 12,499,977.37
(b) the Note Balance 118,870,245.94
Preliminary Spread Account Balance Remaining $12,809,613.28
Preliminary Excess Amount in Spread Account $309,635.91
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution $514,809.04
Spread Account Excess $309,635.91
Ending Spread Account Balance (after distributions) $12,499,977.37
Net Change in Spread Account Balance $514,809.04
Total Excess Distribution Amount Remaining $309,635.91
Certificateholders' Interest Carryover Shortfall (Previous Period) $54,143.10
Interest Due (in Arrears) on Above Shortfall $268.01
Interest Accrued on Certificates this period $54,143.10
Certificateholders' Interest Paid from Excess Distribution $108,554.21
Preliminary Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $201,081.70
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount applicable to current period ($0.00)
Certificateholders' Principal Distributable Amount Paid from Fixed and Floating
Rate Excess Distrbution ($0.00)
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
<PAGE>
Total Excess Distribution Amount Remaining $201,081.70
Servicing Fee Shortfall (Previous Period) $1,343,836.32
Servicing Fees Accrued during this Period $116,006.26
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining ($0.00)
Servicing Fees Paid this Period from Excess Distribution $201,081.70
Servicing Fee Shortfall $1,258,760.88
Total Excess Distribution Amount Remaining $0.00
7. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) $0.00
A-4 Note Principal Balance (End of Period) $113,677,916.10
B Note Principal Balance (End of Period) $5,192,329.84
Certificate Principal Balance (End of Period) $10,938,000.00
Total Principal Balance of Notes and Certificates (End of Period) $129,808,245.94
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Pool Factor (End of Period) 0.0000000
A-4 Note Pool Factor (End of Period) 0.6299725
B Note Pool Factor (End of Period) 0.2076932
Certificate Pool Factor (End of Period) 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.2076932
Specified Spread Account Balance (after all distributions and adjustments) $12,499,977.37
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-A
STATEMENT TO NOTEHOLDERS
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 15-Dec-00
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $9,023,299.79
per $1,000 original principal amount: $50.00
(e) B Notes: $375,970.82
per $1,000 original principal amount: $15.04
(f) Total $9,399,270.61
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $596,123.41
per $1,000 original principal amount: $3.30
(e) B Notes: $27,563.09
per $1,000 original principal amount: $1.10
(f) Total $623,686.50
(3) Pool Balance at the end of the related Collection Period $129,808,245.94
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $0.00
(ii) A-3 Note Pool Factor: 0.0000000
(d) (i) outstanding principal amount of A-4 Notes: $113,677,916.10
(ii) A-4 Note Pool Factor: 0.6299725
(e) (i) outstanding principal amount of B Notes: $5,192,329.84
(ii) B Note Pool Factor: 0.2076932
(f) (i) Certificate Balance $10,938,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $201,081.70
per $1,0000 Beginning of Collection Period: 3.24217047
(6) Amount of Administration Fee: $166.67
per $1,0000 Beginning of Collection Period: 0.00268727
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $525,508.29
(9) Amount in Spread Account: $12,499,977.37
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-A
STATEMENT TO CERTIFICATEHOLDERS
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 15-Dec-00
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $9,023,299.79
per $1,000 original principal amount: $50.00
(e) B Notes: $375,970.82
per $1,000 original principal amount: $15.04
(f) Certificates: ($0.00)
per $1,000 original principal amount: ($0.00)
(g) Total: $375,970.82
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $596,123.41
per $1,000 original principal amount: $3.30
(e) B Notes: $27,563.09
per $1,000 original principal amount: $1.10
(f) Certificates: $108,554.21
per $1,000 original principal amount: $9.92
(g) Total: $732,240.71
(3) Pool Balance at end of related Collection Period: $129,808,245.94
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $0.00
(ii) A-3 Note Pool Factor: 0.0000000
(d) (i) outstanding principal amount of A-4 Notes: $113,677,916.10
(ii) A-4 Note Pool Factor: 0.6299725
(e) (i) outstanding principal amount of B Notes: $5,192,329.84
(ii) C Note Pool Factor: 0.2076932
(f) (i) Certificate Balance $10,938,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $201,081.70
per $1,000 Beginning of Collection Period: 3.2421705
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0026873
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $525,508.29
(9) Amount in Spread Account: $12,499,977.37
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
</TABLE>
<PAGE>
<TABLE>
<S><C>
CASE EQUIPMENT LOAN TRUST 1998-A
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 15-Dec-00
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $623,686.50
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $9,399,270.61
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $108,554.21
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: ($0.00)
(6) Payment of Servicing Fee to Servicer: $201,081.70
(7) Release to Seller from Excess Collections over Distributions $0.00
Check for Error NO ERROR
Sum of Above Distributions $10,332,759.68
Total Distribution Amount plus Releases to Seller less Spread Replenishment $10,332,759.68
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-A
SERVICER'S CERTIFICATE
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 15-Dec-00
(1) Total Distribution Amount: $10,847,568.72
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $0.00
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $596,123.41
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to b Notes: $27,563.09
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $623,686.50
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(19) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $0.00
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $0.00
(23) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 0.00%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $0.00
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $9,023,299.79
(27) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 96.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $9,023,299.79
(30) B Noteholders' Monthly Principal Distributable Amount: $375,970.82
(31) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to B Noteholders 4.00%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $375,970.82
(34) Noteholders' Principal Distribution Amount: $9,399,270.61
(35) Noteholders' Distributable Amount: $10,022,957.11
(36) Deposit to Spread Account (from excess collections): $824,444.94
(37) Specified Spread Account Balance (after all distributions and adjustments) : $12,499,977.37
The Lesser of:
(a) 2.00% of the Initial Pool Balance $12,499,977.37
(b) the Note Balance $118,870,245.94
(38) Spread Account Balance over the Specified Spread Account Balance: $309,635.91
(39) Certificateholders' Interest Distributable Amount: $108,554.21
<PAGE>
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificateholders 0.00%
(42) Certificateholders' Principal Distributable Amount applicable to current period ($0.00)
(43) Certificateholders' Principal Carryover Shortfall: $0.00
(44) Certificateholders' Principal Distributable Amount: ($0.00)
(45) Certificateholders' Distributable Amount: $108,554.21
(46) Servicing Fee: $201,081.70
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $0.00
(b) Release of Excess Amount in Negative Carry Account $0.00
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $139,207,516.55
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $0.00
A-3 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-4 Notes: $113,677,916.10
A-4 Note Pool Factor: 0.6299725
Outstanding Principal Balance of B Notes: $5,192,329.84
B Note Pool Factor: 0.2076932
Outstanding Principal Balance of the Certificates: $10,938,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $525,508.29
(53) Spread Account Balance after giving effect to all distributions: $12,499,977.37
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-B
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
29-Dec-00
06:51 AM
Prepared by Suzhen Ruan (262) 636-7381 File: us98b1.xls
-----------------------------------------------------------------
NPV Data Input Section 31-Jul-98 31-Jul-98 31-Aug-98
-----------------------------------------------------------------
Scheduled cash flows as of the indicated cutoff date POOL 1 (RETAIL) CUTOFF POOL 2 (FPL) CUTOFF POOL 3 (RETAIL) CUTOFF
Row 0 is total delinquent amount valued without discounting 0 1,223,550.43 488,950.11 227,513.66
1 12,106,658.00 2,516,183.49 2,550,465.05
2 8,409,202.39 1,893,688.39 1,992,727.52
3 8,997,726.43 1,960,786.46 1,993,691.84
4 10,171,208.37 2,063,823.67 2,155,489.86
5 12,715,731.73 1,954,159.58 2,312,038.62
6 9,099,256.42 1,792,726.48 1,787,823.30
7 8,535,974.50 1,766,075.80 1,788,562.35
8 15,306,449.46 1,890,605.11 1,798,508.17
9 18,443,017.15 1,881,117.92 1,865,546.07
10 16,957,243.00 1,877,027.40 2,236,650.41
11 16,376,885.05 1,817,623.64 6,367,990.47
12 10,651,992.79 1,866,206.49 4,393,608.36
13 9,163,394.05 1,889,230.81 1,851,865.86
14 8,086,054.38 1,816,250.01 2,143,268.38
15 8,842,211.38 1,872,281.06 2,093,064.00
16 10,005,085.81 1,964,666.24 2,267,816.18
17 12,231,104.34 1,898,030.47 2,189,581.36
18 8,797,636.97 1,687,469.97 1,720,098.07
19 8,255,782.24 1,644,541.62 1,725,097.62
20 14,973,400.70 1,754,779.58 1,723,639.47
21 17,996,394.47 1,717,963.17 1,708,763.23
22 16,387,208.39 1,697,653.50 2,062,832.44
23 15,692,745.55 1,647,572.33 6,249,025.98
24 9,927,634.13 1,673,274.10 4,029,935.57
25 8,258,696.56 1,681,124.45 1,708,178.19
26 7,198,681.74 1,595,209.75 1,969,787.75
27 8,082,732.30 1,613,786.06 2,011,316.11
28 9,188,498.36 1,637,923.98 2,047,578.88
29 11,121,258.86 1,539,370.45 2,034,695.16
30 7,667,179.49 1,398,649.52 1,595,005.29
31 7,462,994.43 1,326,009.93 1,568,248.09
32 14,024,372.46 1,372,213.36 1,550,840.17
33 16,752,855.26 1,282,023.39 1,565,138.66
34 14,788,215.88 1,223,618.90 1,911,851.22
35 13,836,398.02 1,133,716.33 5,930,710.61
36 8,036,258.20 1,138,664.27 3,703,440.80
37 6,279,376.38 1,125,940.91 1,377,443.44
38 5,034,136.82 1,045,792.71 1,580,903.96
39 5,901,975.89 1,024,587.50 1,585,785.91
40 6,752,591.27 1,106,606.17 1,661,452.56
41 8,045,835.19 999,458.48 1,582,206.12
42 5,513,567.92 845,330.20 1,205,325.13
43 5,192,319.67 805,200.79 1,201,516.28
44 8,386,321.78 787,865.67 1,176,550.16
45 11,514,765.67 726,022.34 1,228,403.34
46 9,777,959.48 626,005.45 1,446,777.59
47 8,899,382.72 580,109.26 4,590,105.48
48 4,477,511.85 557,076.29 2,336,437.52
49 2,817,291.23 491,193.77 455,453.41
50 1,810,888.90 460,441.81 615,074.75
51 2,565,938.18 427,320.86 690,160.74
52 3,186,828.87 463,747.29 781,567.09
53 4,092,686.58 409,038.86 677,424.20
54 2,363,732.39 336,499.67 424,618.93
55 2,264,572.85 254,756.54 294,399.44
56 4,476,612.63 250,249.73 310,690.14
57 6,906,236.81 238,339.80 313,886.41
58 5,629,888.08 131,056.39 609,968.32
59 5,295,239.38 97,868.67 2,664,290.64
60 1,725,376.78 47,534.40 1,347,398.15
61 458,843.05 26,996.20 89,447.45
62 171,032.59 26,996.20 193,827.50
63 260,367.62 17,246.87 156,510.52
64 282,397.46 74,475.21 139,820.39
65 239,911.47 7,755.20 25,908.95
66 53,028.41 7,755.20 7,965.05
67 52,287.49 7,755.20 5,002.91
68 378,380.01 7,755.20 5,002.91
69 547,106.25 23,865.28 5,002.91
70 121,960.35 - 89,387.07
71 224,027.78 - 80,572.23
72 - - -
73 - - -
74 - - -
Total Time Balance of Scheduled Cash Flows 547,472,069.46 76,013,641.91 119,788,682.38
------------------------------------------------
NPV Data Input Section 05-Dec-00 05-Dec-00 05-Dec-00
------------------------------------------------
Scheduled cash flows as of the indicated cutoff date POOL 1 POOL 2 POOL 3
Row 0 is total delinquent amount valued without discounting 0 9,728,202.39 1,955,857.76 2,109,216.59
1 5,065,111.99 824,020.18 1,257,981.58
2 4,403,278.79 796,195.44 1,018,152.89
3 6,468,827.15 783,454.03 990,239.93
4 11,844,688.00 756,656.40 968,839.84
5 9,637,511.47 714,690.47 964,055.28
6 9,471,845.95 664,317.55 1,018,496.39
7 6,578,272.49 676,968.73 2,594,245.45
8 3,375,579.65 683,792.25 3,092,046.28
9 3,462,379.63 594,223.90 1,283,551.25
10 3,369,115.40 585,060.96 824,025.14
11 3,747,626.39 622,486.06 880,866.06
12 4,695,964.81 630,052.59 1,119,616.85
13 3,758,803.62 521,268.62 1,032,184.16
14 3,243,181.10 523,142.12 823,946.02
15 3,662,321.93 486,294.34 777,265.74
16 7,411,731.15 455,859.33 749,201.00
17 6,472,236.63 342,491.28 713,703.49
18 6,151,161.86 301,885.20 827,366.65
19 3,952,307.01 332,438.78 1,946,790.62
20 1,360,550.93 266,246.09 2,131,507.38
21 1,518,711.58 240,288.68 723,403.52
22 1,317,103.94 210,708.44 358,485.76
23 1,668,940.58 217,790.78 384,583.65
24 2,167,295.35 253,055.69 586,828.79
25 1,709,131.98 217,787.55 428,289.04
26 1,206,324.57 176,720.05 364,077.81
27 1,707,875.03 149,114.05 243,770.19
28 4,244,936.30 148,954.48 232,837.84
29 3,790,358.06 93,916.25 190,091.76
30 3,433,595.27 46,916.24 267,045.49
31 2,027,369.12 54,521.23 1,198,035.42
32 295,224.90 3,579.83 1,566,421.49
33 399,401.97 14,230.46 362,897.08
34 214,941.71 23,131.42 84,033.67
35 269,664.70 3,579.83 112,701.91
36 307,554.73 63,140.18 136,484.17
37 105,126.23 0.00 86,399.55
38 30,763.42 0.00 11,702.56
39 70,161.27 0.00 3,389.77
40 370,176.61 8,575.42 13,932.78
41 269,574.94 7,534.66 3,389.77
42 153,192.04 0.00 16,264.46
43 0.00 0.00 127,855.13
44 0.00 0.00 0.00
45 0.00 0.00 0.00
46 0.00 0.00 0.00
47 0.00 0.00 0.00
48 24,566.26 0.00 0.00
49 0.00 0.00 0.00
50 0.00 0.00 0.00
51 0.00 0.00 0.00
52 0.00 0.00 0.00
53 0.00 0.00 0.00
54 0.00 0.00 0.00
55 0.00 0.00 0.00
56 0.00 0.00 0.00
57 0.00 0.00 0.00
58 0.00 0.00 0.00
59 0.00 0.00 0.00
60 0.00 0.00 0.00
61 0.00 0.00 0.00
62 0.00 0.00 0.00
63 0.00 0.00 0.00
64 0.00 0.00 0.00
65 0.00 0.00 0.00
66 0.00 0.00 0.00
67 0.00 0.00 0.00
68 0.00 0.00 0.00
69 0.00 0.00 0.00
70 0.00 0.00 0.00
71 0.00 0.00 0.00
72 0.00 0.00 0.00
73 0.00 0.00 0.00
74 0.00 0.00 0.00
Total Time Balance of Scheduled Cash Flows 145,162,688.90 15,450,947.32 34,626,220.20
Page 1 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-B
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Settle Date
Prepared by Suzhen Ruan (262) 636-7381 12/29/00 06:51 AM
Scheduled Payment Date 15-Dec-00
Actual Payment Date 15-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 31-Jul-98 31-Jul-98 31-Aug-98 05-Dec-00
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 30
PART I -- MONTHLY DATA INPUT
Receipts During the Period $11,464,774.59
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $11,464,774.59
Pool Balance (Beg. of Collection Period) $189,812,198.56
Pool Balance (End of Collection Period) $179,278,145.67
Total Receivables Collection $11,464,774.59
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Spread Account Withdrawals to Pay NoteHolders $0.00
Release from Pre-Funding Amount to Paydown A1 Principal $0.00
Reinvestment Income (including Pre-Funding Account, Spread Account and YSA) $106,350.89
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $11,571,125.48
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $4,574,678.98
Scheduled Amounts 60 days or more past due $2,481,307.95
Net Losses on Liquidated Receivables $43,953.78
Number of Loans at Beginning of Period 12,555
Number of Loans at End of Period 12,258
Repossessed Equipment not Sold or Reassigned (Beginning) $1,932,715.26
Repossessed Equipment not Sold or Reassigned (End) $2,100,548.82
Pre-Funding Account Reinvestment Income $0.00
Page 2 of 14
</TABLE>
<PAGE>
<TABLE>
<S><C>
CASE EQUIPMENT LOAN TRUST 1998-B
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Actual Payment Date 15-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 05-Dec-00
PART II -- SUMMARY
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (Beginning of Period) $189,812,198.56
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance $34,925,710.62
A-4 Note Beginning Principal Balance $134,794,000.00
B Note Beginning Principal Balance $7,592,487.94
Deferred Purchase Price Beginning Principal Balance $12,400,000.00
Certificate Beginning Principal Balance $100,000.00
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (End of Period) $179,278,145.67
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $24,813,019.84
A-3 Note Pool Factor (End of Period) 0.1772359
A-4 Note Principal Balance (End of Period) $134,794,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $7,171,125.83
B Note Pool Factor (End of Period) 0.2868450
Deferred Purchase Price Principal Balance (End of Period) $12,400,000.00
Deferred Purchase Price Pool Factor (End of Period) 1.0000000
Certificate Principal Balance (end of Period) $100,000.00
Certificate Pool Factor (endof Period) 1.0000000
COLLATERAL VALUE DECLINE $10,534,052.89
Pool Balance (Beg. of Collection Period) $189,812,198.56
Pool Balance (End of Collection Period) $179,278,145.67
Total Distribution Amount (TDA) $11,571,125.48
Total Collections and Investment Income for the Period $11,571,125.48
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Principal Distribution Amount (PDA) $10,534,052.89
Principal Allocation to Notes, Deferred Purchase Price and Certificates $10,534,052.89
A-1 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-2 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-3 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $10,112,690.78
A-4 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
B Noteholders' Principal Distributable Amount (including Carryover Shortfall) $421,362.11
Deferred Purchase Price Principal Distributable Amount (including Carryover Shortfall) $0.00
Certificateholders' Principal Distribuatable Amount (including Carryover Shortfall) $0.00
Interest Distributable Amount $934,377.39
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $169,098.65
Noteholders' Interest Distributable Amount applicable to A-4 Notes $664,983.73
Noteholders' Interest Distributable Amount applicable to B Notes $37,899.17
Deferred Purchase Price Interest Distributable Amount $61,896.67
Certificateholders' Interest Distributable Amount $499.17
Spread Account
Beginning Spread Account Balance $12,499,916.99
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $164,924.37
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $12,499,916.99
Ending Spread Account Balance (after distributions) $12,499,916.99
Credit Enhancement 6.97%
Spread account % of Ending Pool Balance 6.97%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $4,574,678.98
as % of Ending Pool Balance 2.55%
Scheduled Amounts 60 days or more past due $2,481,307.95
as % of Ending Pool Balance 1.38%
Net Losses on Liquidated Receivables $43,953.78
as % of Ending Pool Balance 0.02%
Page 3 of 14
<PAGE>
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1 (Retail) Cutoff Pool 2 (FPL) Cutoff Pool 3 (Retail) Cutoff
Wtd. Avg. APR 8.559% 8.559% 8.668%
Contract Value (Beg. of Collection Period), by origination pool
Contract Value (End of Collection Period), by origination pool $459,900,298.88 $65,328,940.14 $99,766,610.37
---------------- --------------- ---------------
Contract Value Decline
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Withdrawls
Yield Supplement Withdrawals
Total Distribution Amount (TDA)
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool)
Total Unscheduled Principal
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1 Pool 2 Pool 3
Wtd. Avg. APR 8.559% 8.559% 8.668%
Contract Value (Beg. of Collection Period), by origination pool $140,646,950.31 $16,029,433.50 $33,135,814.75
Contract Value (End of Collection Period), by origination pool $133,408,054.52 $14,431,756.37 $31,438,334.78
---------------- --------------- --------------
Contract Value Decline $7,238,895.79 $1,597,677.13 $1,697,479.97
5.15% 9.97% 5.12%
Initial Pool Balance $624,995,849.39
Pool Balance (End of Collection Period) $179,278,145.67
Collections and Investment Income for the period $11,571,125.48
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Total Distribution Amount (TDA) $11,571,125.48
Principal Distribution Amount (PDA) $10,534,052.89
Initial B Percentage 4.000%
Unscheduled Principal (per pool) $0.00 $0.00 $0.00
Total Unscheduled Principal $0.00
Page 4 of 14
<PAGE>
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
Principal Distributable Amount 10,534,052.89
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
Preliminary A-1 Noteholders' Principal Distributable Amount (including One-Time
Excess Prefund Acct. Pmt.) $0.00
One-Time Excess Prefunding Account Payment $0.00
A-1 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $10,534,052.89
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $10,534,052.89
A-3 Note Beginning Principal Balance $34,925,710.62
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution Amount 96.00%
A-3 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $10,112,690.78
Principal Distributable Amount Remaining $421,362.11
A-4 Note Beginning Principal Balance $134,794,000.00
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $421,362.11
B Note Beginning Principal Balance $7,592,487.94
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Principal Distribution Amount 4.00%
B Noteholders' Principal Distributable Amount (including Carryover Shortfall) $421,362.11
Principal Distributable Amount Remaining $0.00
Deferred Purchase Price Beginning Principal Balance $12,400,000.00
Deferred Purchase Price Principal Carryover Shortfall (Previous Period) $0.00
Deferred Purchase Price Share of the Principal Distribution Amount 0.00%
Deferred Purchase Price Principal Distributable Amount (including Carryover Shortfall) $0.00
Certificate Purchase Price Beginning Principal Balance $100,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amount 0.00%
Certificateholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Interest Accrued on Class A-1 Notes this period 5.6075% ACT/360 $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 5.7000% 30/360 $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period 5.8100% 30/360 $169,098.65
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $169,098.65
Interest Accrued on Class A-4 Notes this period 5.9200% 30/360 $664,983.73
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $664,983.73
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $834,082.38
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $834,082.38
Interest Accrued on Class B Notes this period 5.9900% 30/360 $37,899.17
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $37,899.17
Interest Accrued on Deferred Purchase Price this period 5.9900% 30/360 $61,896.67
Deferred Purchase Price Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Deferred Purchase Price Interest Distributable Amount $61,896.67
Interest Accrued on Certificates this period 5.9900% 30/360 $499.17
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $499.17
Page 5 of 14
<PAGE>
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. Total Distribution Amount (TDA) $11,571,125.48
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $500.00 per quarter $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $11,570,958.81
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $169,098.65
Noteholders' Interest applicable to A-3 Notes Paid this Period from TDA $169,098.65
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $664,983.73
Noteholders' Interest applicable to A-4 Notes Paid this Period from TDA $664,983.73
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $834,082.38
Offered Noteholders' Interest Paid this Period from TDA $834,082.38
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $10,736,876.43
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on B Notes this period $37,899.17
Noteholders' Interest applicable to B Notes Paid this Period from TDA $37,899.17
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Total Distribution Amount Remaining $10,698,977.26
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $10,698,977.26
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-2 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $10,698,977.26
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $10,112,690.78
A-3 Noteholders' Principal Distributable Amount Paid from TDA $10,112,690.78
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $586,286.48
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-4 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $586,286.48
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $421,362.11
B Noteholders' Principal Distributable Amount Paid from TDA $421,362.11
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $164,924.37
Page 6 of 14
<PAGE>
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.00% $0.00
Deposit to Yield Supplement Account $0.00
-----
Payment to Seller $0.00
Payment to Class A-1 after Funding is Complete $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Sellers) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 3.268374%
Number of Days Remaining 0 days
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $300,471.65
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. RECONCILATION OF YIELD SUPPLEMENT ACCOUNT
Beginning Yield Supplement Account Balance $0.00
Deposit to Yield Supplement Account from Pre-Funding Account $0.00
Receivables Percentage 100.00%
Withdrawal of Yield Supplement Amount $0.00
Maximum Yield Supplement Amount $0.00
Required Yield Supplement Amount $0.00
Interim Yield Supplement Account Balance $0.00
Yield Supplement Amount Released to Seller $0.00
Ending Yield Supplement Account Balance $0.00
7. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $12,499,916.99
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $164,924.37
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $12,664,841.36
</TABLE>
<PAGE>
<TABLE>
<S><C>
Cumulative Realized Losses since 31-July-98 (Cut-off Date) $11,388,333.59
Are Cum. Realized Losses GREATER THAN 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period + Repos at end of Collection Period) $2,627,994.18
Is 12*Realized Losses + Unliq. Repos GREATER THAN 1.65% of Beg. Pool Balance? NO
60 day or GREATER THAN Delinquent Scheduled Amounts $2,481,307.95
Are 60 day or GREATER THAN Delinquencies GREATER THAN 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Case Credit has discovered a systems error in the report used to identify
losses for the trust. The report only identified losses that had been
applied against dealer reserves. It failed to include in the loss figure any
losses that were not covered by dealer reserves. This resulted in an
inadvertent and immaterial understatement of losses in the monthly servicer
reports for years prior to 1999. The systems error had no impact on
historical loss figures reflected in the prospectuses for the ABS
transactions, which were generated separately and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the
losses that were not included in the monthly servicer reports through its
on-book reserves. Case Credit will not charge these losses back to the
trust. The cumulative amount of losses that were inadvertently absorbed by
Case Credit that should have been charged to the trust was $47,514.04
If the monthly servicer reports for the trust were restated, the cumulative
loss test would still have been met as indicated below:
Restated Cumulative Realized Losses: 11,435,847.63
Are Cum. Realized Losses GREATER THAN 2.25% of Initial Pool Balance? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $24,813,019.84
Preliminary A-4 Note Principal Balance (End of Period) $134,794,000.00
Preliminary B Note Principal Balance (End of Period) $7,171,125.83
Preliminary Total Principal Balance of Notes (End of Period) $166,778,145.67
Specified Spread Account Balance $12,499,916.99
Lesser of:
(a) 2.00% of the Initial Pool Balance 2.00% $12,499,916.99
(b) the Note Balance 166,778,145.67
Preliminary Spread Account Balance Remaining $12,664,841.36
Preliminary Excess Amount in Spread Account $164,924.37
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution ($0.00)
Spread Account Excess $164,924.37
Ending Spread Account Balance (after distributions) $12,499,916.99
Net Change in Spread Account Balance $0.00
Total Excess Distribution Amount Remaining $164,924.37
Deferred Purchase Price Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Deferred Purchase Price this period $61,896.67
Deferred Purchase Price Interest Paid from Excess Distribution $61,896.67
Preliminary Deferred Purchase Price Interest Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $499.17
Certificateholders' Interest Paid from Excess Distribution $499.17
Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $102,528.53
Deferred Purchase Price Principal Carryover Shortfall (Previous Period) $0.00
Deferred Purchase Price Principal Distributable Amount current period (including Carryover Shortfall) $0.00
Deferred Purchase Price Principal Distributable Amount Paid from Fixed and Floating Rate Excess Distrbution $0.00
Preliminary Deferred Purchase Price Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount current period (including Carryover Shortfall) $0.00
Certificateholders' Principal Distributable Amount Paid from Fixed and Floating Rate Excess Distrbution $0.00
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $102,528.53
Servicing Fee Shortfall (Previous Period) $1,030,304.52
Servicing Fees Accrued during this Period 1.00% $158,176.83
Adjustment to Servicing Fee $654,977.36
Adjustment to Excess Distribution Amount Remaining $0.00
Servicing Fees Paid this Period from Excess Distribution $102,528.53
Servicing Fee Shortfall $1,740,930.18
Total Excess Distribution Amount Remaining $0.00
Page 8 of 14
<PAGE>
8. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Deferred Purchase Price Interest Carryover Shortfall (Current Period) $0.00
Deferred Purchase Price Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) $24,813,019.84
A-4 Note Principal Balance (End of Period) $134,794,000.00
B Note Principal Balance (End of Period) $7,171,125.83
Deferred Purchase Price Principal Balance (End of Period) $12,400,000.00
Certificate Principal Balance (end of Period) $100,000.00
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (End of Period) $179,278,145.67
A-1 Note Pool Factor (End of Period) $112,706,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $200,000,000.00 0.0000000
A-3 Note Pool Factor (End of Period) $140,000,000.00 0.1772359
A-4 Note Pool Factor (End of Period) $134,794,000.00 1.0000000
B Note Pool Factor (End of Period) $25,000,000.00 0.2868450
Deferred Purchase Price Pool Factor (End of Period) $12,400,000.00 1.0000000
Certificate Pool Factor (endof Period) $100,000.00 1.0000000
Total Notes, Deferred Purchase Price & Certificates Pool Factor (End of Period) 0.2868450
Specified Spread Account Balance (after all distributions and adjustments) $12,499,916.99
Yield Supplement Account Balance (after alldistributions and adjustment): $0.00
Page 9 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-B
STATEMENT TO NOTEHOLDERS
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 15-Dec-00
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $10,112,690.78
per $1,000 original principal amount: $72.23
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $421,362.11
per $1,000 original principal amount: $16.85
(f) Total $10,534,052.89
(2) Interest Paid on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $169,098.65
per $1,000 original principal amount: $1.21
(d) A-4 Notes: $664,983.73
per $1,000 original principal amount: $4.93
(e) B Notes: $37,899.17
per $1,000 original principal amount: $1.52
(f) Total $871,981.55
(3) Pool Balance at the end of the related Collection Period $179,278,145.67
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $24,813,019.84
(ii) A-3 Note Pool Factor: 0.1772359
(d) (i) outstanding principal amount of A-4 Notes: $134,794,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $7,171,125.83
(ii) B Note Pool Factor: 0.2868450
(f) (i) Deferred Purchase Price Balance $12,400,000.00
(ii) Deferred Purchase Price Pool Factor: 1.0000000
(g) (i) Certificate Balance $100,000.00
(ii) Certificate Pool Factor: 1.00000000
(5) Amount of Servicing Fee: $102,528.53
per $1,0000 Beginning of Collection Period: 0.72897798
(6) Amount of Administration Fee: $166.67
per $1,0000 Beginning of Collection Period: 0.00118502
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the Collection Period: $43,953.78
(9) Amount in Spread Account: $12,499,916.99
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
Page 10 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-B
STATEMENT TO CERTIFICATEHOLDERS
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 15-Dec-00
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $10,112,690.78
per $1,000 original principal amount: $72.23
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $421,362.11
per $1,000 original principal amount: $16.85
(f) Deferred Purchase Price: $0.00
per $1,000 original principal amount: $0.00
(g) Certificates: 0.00
per $1,000 original principal amount: $0.00
(h) Total: $10,534,052.89
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $169,098.65
per $1,000 original principal amount: $1.21
(d) A-4 Notes: $664,983.73
per $1,000 original principal amount: $4.93
(e) B Notes: $37,899.17
per $1,000 original principal amount: $1.52
(f) Deferred Purchase Price: $61,896.67
per $1,000 original principal amount: $4.99
(g) Certificates: $499.17
per $1,000 original principal amount: $4.99
(h) Total: $934,377.39
(3) Pool Balance at end of related Collection Period: $179,278,145.67
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $24,813,019.84
(ii) A-3 Note Pool Factor: 0.1772359
(d) (i) outstanding principal amount of A-4 Notes: $134,794,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $7,171,125.83
(ii) C Note Pool Factor: 0.2868450
(f) (i) Deferred Purchase Price Balance $12,400,000.00
(ii) Certificate Pool Factor: 1.0000000
(g) (i) Certificate Balance 100,000.00
(ii) Certificate Pool Factor: 1.0000000
Page 11 of 14
<PAGE>
(5) Amount of Servicing Fee: $102,528.53
per $1,000 Beginning of Collection Period: 0.7289780
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0011850
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the Collection Period: $43,953.78
(9) Amount in Spread Account: $12,499,916.99
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
========================================================================================================================
CASE EQUIPMENT LOAN TRUST 1998-B
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 15-Dec-00
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $871,981.55
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $10,534,052.89
(4) Deferred Purchase Price Interest Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $61,896.67
(5) Deferred Purchase Price Principal Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $0.00
(6) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $499.17
(7) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(8) Payment of Servicing Fee to Servicer: $102,528.53
(9) Release to Seller from Excess Collections over Distributions $0.00
Check for Error NO ERROR
Sum of Above Distributions 11,571,125.48
Total Distribution Amount plus Releases to Seller 11,571,125.48
==========================================================================================================================
</TABLE>
Page 12 of 14
<PAGE>
<TABLE>
<S> <C>
CASE EQUIPMENT LOAN TRUST 1998-B
SERVICER'S CERTIFICATE
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 15-Dec-00
(1) Total Distribution Amount: $11,571,125.48
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $169,098.65
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $664,983.73
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to b Notes: $37,899.17
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $871,981.55
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(19) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $0.00
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $10,112,690.78
(23) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 96.00%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $10,112,690.78
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $421,362.11
(31) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to B Noteholders 4.00%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $421,362.11
(34) Noteholders' Principal Distribution Amount: $10,534,052.89
(35) Noteholders' Distributable Amount: $11,406,034.44
(36) Deposit to Spread Account (from excess collections): $164,924.37
(37) Specified Spread Account Balance (after all distributions and adjustments) : $12,499,916.99
The Lesser of:
(a) 2.00% of the Initial Pool Balance $12,499,916.99
(b) the Note Balance $166,778,145.67
(38) Spread Account Balance over the Specified Spread Account Balance: $164,924.37
(39) Deffered Purchase Price Interest Distribution Amount: $61,896.67
(40) Deffered Purchase Price Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Deffered Purchase Price 0.00%
Page 13 of 14
<PAGE>
(42) Deffered Purchase Price Principal Distributable Amount applicable to current period $0.00
(43) Deffered Purchase Price Principal Carryover Shortfall: $0.00
(44) Deffered Purchase Price Principal Distribution Amount: $0.00
(45) Deffered Purchase Price Distribution Amount: $61,896.67
(39) Certificateholders' Interest Distribution Amount: $499.17
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificates 0.00%
(42) Certificates Principal Distributable Amount applicable to current period $0.00
(43) Certificates Principal Carryover Shortfall: $0.00
(44) Certificates Principal Distribution Amount: $0.00
(45) Certificates Distribution Amount: $499.17
(46) Servicing Fee: $102,528.53
==========================================================================================================================
CASE EQUIPMENT LOAN TRUST 1998-B
SERVICER'S CERTIFICATE
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 00-Jan-00
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $0.00
(b) Release of Excess Amount in Negative Carry Account $0.00
(b) Release of Excess Amount in Yield Supplement Account $0.00
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $189,812,198.56
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $24,813,019.84
A-3 Note Pool Factor: 0.1772359
Outstanding Principal Balance of A-4 Notes: $134,794,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $7,171,125.83
B Note Pool Factor: 0.2868450
Outstanding Principal Balance of the Deferred Purchase Price: $12,400,000.00
Deferred Purchase Price Pool Factor: 1.0000000
Outstanding Principal Balance of the Certificates: 100,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $43,953.78
(53) Spread Account Balance after giving effect to all distributions: $12,499,916.99
Page 14 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-C
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
29-Dec-00
06:55 AM
Prepared by Suzhen Ruan (262) 636-7381 File: us98-c3.xls
-----------------------------------------------------------------
NPV Data Input Section 31-Oct-98 31-Oct-98 30-Nov-98
-----------------------------------------------------------------
Scheduled cash flows as of the indicated cutoff date Pool 1 (Retail) Cutoff Pool 2 (LPL) Cutoff Pool 3 (Retail) Cutoff
Row 0 is total delinquent amount valued without discounting 0 1,575,417.93 893,634.21 219,386.35
1 12,428,455.95 4,354,139.23 2,644,522.52
2 7,371,846.12 4,674,788.83 1,584,402.47
3 5,289,520.70 2,544,216.93 1,855,974.40
4 5,549,122.56 2,881,522.46 1,704,737.57
5 5,505,194.10 3,871,835.68 1,961,839.20
6 4,841,682.97 2,994,089.99 1,921,414.50
7 4,735,558.70 2,501,055.77 1,868,954.33
8 7,284,400.76 1,980,387.14 2,141,734.04
9 7,653,812.72 2,680,818.10 3,617,113.04
10 21,545,307.93 3,075,152.55 2,351,879.43
11 17,563,069.20 2,396,425.69 12,867,986.46
12 13,896,057.40 3,406,721.59 8,634,128.19
13 7,630,180.31 3,038,517.25 2,795,157.06
14 7,333,548.54 5,607,985.11 1,931,437.32
15 4,538,294.37 2,660,146.64 1,726,348.93
16 4,735,598.76 3,431,092.35 1,693,724.42
17 4,676,012.46 4,794,930.31 1,953,339.63
18 4,279,116.05 3,585,222.15 1,847,727.58
19 4,258,063.42 2,918,011.82 1,804,299.69
20 4,834,936.67 2,702,553.33 2,020,268.67
21 5,837,618.11 3,052,838.45 3,250,869.84
22 18,406,951.02 3,387,245.79 2,265,861.38
23 14,429,414.68 2,874,484.95 12,693,501.44
24 9,799,857.01 3,050,881.01 8,518,011.39
25 5,747,699.28 3,304,658.17 2,534,168.99
26 6,646,864.59 4,872,982.01 1,826,923.92
27 4,073,116.36 2,529,108.55 1,607,600.24
28 4,242,598.85 3,440,621.84 1,589,325.37
29 4,301,149.03 3,598,961.33 1,820,250.82
30 3,931,310.80 3,438,274.88 1,696,093.38
31 3,817,604.92 2,477,709.00 1,678,611.69
32 4,410,871.91 1,630,415.36 1,892,656.68
33 5,306,408.17 2,041,407.37 2,959,438.93
34 17,223,090.60 2,413,573.36 1,977,856.42
35 13,550,783.42 2,055,505.92 12,344,536.46
36 8,821,655.67 1,957,189.55 8,124,445.59
37 4,882,176.71 1,759,653.26 2,137,158.76
38 5,611,324.84 2,311,011.13 1,494,488.17
39 3,289,450.23 1,618,491.96 1,264,402.10
40 3,234,177.22 1,965,389.75 1,214,337.67
41 3,204,975.44 2,085,981.24 1,371,092.65
42 2,927,498.69 2,155,442.07 1,336,450.33
43 2,942,625.98 2,048,778.26 1,288,553.24
44 3,391,248.11 1,282,570.89 1,535,024.03
45 4,120,665.41 1,428,449.02 2,344,258.90
46 14,086,732.21 1,063,786.42 1,574,209.35
47 9,773,524.10 1,066,070.37 10,399,765.13
48 5,934,968.38 1,193,865.28 6,707,017.01
49 2,864,720.06 1,091,887.29 1,370,272.60
50 3,473,332.00 1,511,046.96 914,610.17
51 1,547,204.93 921,688.02 643,093.43
52 1,532,851.50 729,104.05 539,291.51
53 1,383,990.96 1,047,778.43 630,126.48
54 1,093,526.42 1,351,693.73 647,505.70
55 1,159,104.92 1,095,311.66 593,611.52
56 1,490,135.83 222,192.60 805,506.57
57 2,415,661.06 80,369.23 1,473,600.06
58 10,473,190.48 301,655.28 855,709.82
59 6,749,706.28 80,861.17 8,044,965.35
60 3,600,290.25 89,459.32 5,281,694.34
61 1,181,371.47 137,361.69 890,749.68
62 1,317,014.18 7,213.44 508,368.45
63 220,165.78 19,217.85 136,994.39
64 157,479.31 9,491.94 89,798.40
65 254,513.22 100,609.82 66,207.24
66 21,238.46 34,119.17 57,752.19
67 22,370.17 130,382.97 22,016.45
68 133,181.56 - 37,634.02
69 118,180.66 - 192,217.79
70 541,767.57 - 284,885.72
71 352,439.24 - 449,919.50
72 - - -
73 - - -
74 - - -
Total Time Balance of Scheduled Cash Flows 393,574,995.64 142,060,038.94 183,129,817.04
--------------------------------------------------------------------------------
NPV Data Input Section 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00
--------------------------------------------------------------------------------
Scheduled cash flows as of the
indicated cutoff date Pool 1 Pool 2 Pool 3 Pool 4
Row 0 is total delinquent amount
valued without discounting 0 6,829,183.33 6,149,896.94 4,395,702.42 1,540,984.55
1 3,513,517.52 2,528,364.57 1,335,579.43 490,567.06
2 2,432,380.37 2,009,222.11 1,009,123.38 131,622.93
3 3,055,428.64 2,342,291.40 1,266,225.46 162,215.30
4 2,720,061.46 2,851,696.66 1,129,602.08 156,201.43
5 2,411,691.83 2,074,560.02 1,258,768.36 144,052.52
6 2,383,410.03 1,281,595.43 1,053,145.03 167,897.46
7 2,956,103.72 981,219.40 1,106,892.63 131,342.88
8 4,806,007.81 1,341,526.93 1,218,292.16 131,819.67
9 10,884,538.15 1,689,175.17 1,501,116.94 362,045.22
10 7,133,697.63 1,414,834.80 3,245,456.79 235,516.79
11 3,477,403.17 1,211,556.12 6,928,257.68 1,217,001.17
12 3,892,980.85 1,702,948.05 2,165,331.77 1,776,415.04
13 2,812,979.98 1,320,851.49 1,123,015.72 418,081.30
14 1,917,338.30 1,195,444.40 782,788.51 107,750.33
15 2,297,084.64 1,423,382.94 942,810.99 124,521.34
16 2,022,547.59 1,502,681.33 901,867.18 145,872.07
17 1,906,419.90 1,533,826.01 966,336.08 132,563.76
18 1,879,759.99 919,238.35 828,252.72 155,838.37
19 2,296,040.79 985,491.93 882,145.62 118,621.85
20 3,775,710.38 686,471.64 977,057.40 112,057.87
21 8,380,412.81 763,104.93 1,169,249.64 344,090.74
22 5,035,793.39 759,017.46 2,601,992.79 215,830.35
23 2,098,819.73 591,360.49 5,529,916.02 1,204,630.93
24 2,370,741.10 995,691.62 1,535,538.71 1,831,132.04
25 1,578,128.48 815,945.03 705,469.92 380,530.61
26 829,473.73 608,040.31 368,362.34 67,413.48
27 1,154,484.76 707,278.99 503,639.26 74,708.96
28 809,887.98 661,577.17 434,880.20 112,226.44
29 714,033.79 1,098,409.29 449,018.81 95,547.94
30 712,241.59 490,631.82 340,855.47 118,582.18
31 1,106,727.60 29,293.64 399,801.22 68,616.21
32 2,480,419.73 108,158.88 504,402.49 76,811.02
33 5,906,664.67 188,736.44 753,216.14 208,852.16
34 3,239,360.81 19,381.79 1,714,408.52 141,999.48
35 997,553.24 77,964.94 4,335,146.46 1,201,272.98
36 1,131,407.64 78,664.94 1,091,696.70 1,548,675.13
37 487,162.16 6,214.94 446,351.36 300,944.53
38 107,390.18 6,214.94 82,035.50 39,908.75
39 125,205.89 62,288.94 198,938.36 47,204.23
40 71,943.58 23,623.29 41,998.16 57,460.46
41 10,070.09 30,510.00 45,439.60 22,624.68
42 16,728.57 0.00 24,000.46 14,706.10
43 113,928.48 0.00 11,891.62 16,034.09
44 142,114.33 0.00 20,137.67 3,901.29
45 490,386.86 0.00 125,396.76 68,539.97
46 38,717.19 0.00 456,808.63 3,901.29
47 0.00 0.00 14,504.42 565,956.34
48 34,284.52 0.00 8,972.94 30,331.38
49 0.00 0.00 0.00 0.00
50 0.00 0.00 0.00 0.00
51 0.00 0.00 0.00 0.00
52 0.00 0.00 0.00 0.00
53 0.00 0.00 0.00 0.00
54 0.00 0.00 0.00 0.00
55 0.00 0.00 0.00 0.00
56 0.00 0.00 0.00 0.00
57 0.00 0.00 0.00 0.00
58 0.00 0.00 0.00 0.00
59 0.00 0.00 0.00 0.00
60 0.00 0.00 0.00 0.00
61 0.00 0.00 0.00 0.00
62 0.00 0.00 0.00 0.00
63 0.00 0.00 0.00 0.00
64 0.00 0.00 0.00 0.00
65 0.00 0.00 0.00 0.00
66 0.00 0.00 0.00 0.00
67 0.00 0.00 0.00 0.00
68 0.00 0.00 0.00 0.00
69 0.00 0.00 0.00 0.00
70 0.00 0.00 0.00 0.00
71 0.00 0.00 0.00 0.00
72 0.00 0.00 0.00 0.00
73 0.00 0.00 0.00 0.00
74 0.00 0.00 0.00 0.00
Total Time Balance of Scheduled Cash Flows 115,588,368.98 45,268,385.54 58,931,838.52 16,825,422.67
Page 1 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-C
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Settle Date 18-Nov-98
Prepared by Suzhen Ruan (262) 636-7381 12/29/00 06:55 AM
Scheduled Payment Date 15-Dec-00
Actual Payment Date 15-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 31-Oct-98 31-Oct-98 30-Nov-98 05-Dec-00
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 30
PART I -- MONTHLY DATA INPUT
Receipts During the Period $17,142,422.41
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $17,142,422.41
Pool Balance (Beg. of Collection Period) $225,123,277.19
Pool Balance (End of Collection Period) $212,664,159.13
Total Receivables Collection $17,142,422.41
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Spread Account Withdrawals to Pay NoteHolders $0.00
Release from Pre-Funding Amount to Paydown A1 Principal $0.00
Reinvestment Income (including Pre-Funding Account, Spread Account and YSA) $128,579.17
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $17,271,001.58
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $7,560,326.32
Scheduled Amounts 60 days or more past due $2,720,610.71
Net Losses on Liquidated Receivables ($103,303.60)
Number of Loans at Beginning of Period 9,858
Number of Loans at End of Period 9,534
Repossessed Equipment not Sold or Reassigned (Beginning) $1,926,436.86
Repossessed Equipment not Sold or Reassigned (End) $1,423,029.17
Pre-Funding Account Reinvestment Income $0.00
Page 2 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-C
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Actual Payment Date 15-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 05-Dec-00
PART II -- SUMMARY
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (Beginning of Period) $225,112,489.47
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance $43,818,517.42
A-4 Note Beginning Principal Balance $148,350,000.00
B Note Beginning Principal Balance $11,818,972.05
Deferred Purchase Price Beginning Principal Balance $21,025,000.00
Certificate Beginning Principal Balance $100,000.00
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (End of Period) $212,653,371.41
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $32,013,503.06
A-3 Note Pool Factor (End of Period) 0.2910318
A-4 Note Principal Balance (End of Period) $148,350,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $11,164,868.35
B Note Pool Factor (End of Period) 0.3271756
Deferred Purchase Price Principal Balance (End of Period) $21,025,000.00
Deferred Purchase Price Pool Factor (End of Period) 1.0000000
Certificate Principal Balance (end of Period) $100,000.00
Certificate Pool Factor (endof Period) 1.0000000
COLLATERAL VALUE DECLINE $12,459,118.06
Pool Balance (Beg. of Collection Period) $225,123,277.19
Pool Balance (End of Collection Period) $212,664,159.13
Total Distribution Amount (TDA) $17,271,001.58
Total Collections and Investment Income for the Period $17,271,001.58
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Principal Distribution Amount (PDA) $12,459,118.06
Principal Allocation to Notes, Deferred Purchase Price and Certificates $12,459,118.06
A-1 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-2 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-3 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $11,805,014.36
A-4 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
B Noteholders' Principal Distributable Amount (including Carryover Shortfall) $654,103.70
Deferred Purchase Price Principal Distributable Amount (including Carryover Shortfall) $0.00
Certificateholders' Principal Distribuatable Amount (including Carryover Shortfall) $0.00
Interest Distributable Amount $1,299,962.92
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $201,565.18
Noteholders' Interest Distributable Amount applicable to A-4 Notes $693,536.25
Noteholders' Interest Distributable Amount applicable to B Notes $61,064.69
Deferred Purchase Price Interest Distributable Amount $342,169.35
Certificateholders' Interest Distributable Amount $1,627.45
Spread Account
Beginning Spread Account Balance $10,079,988.24
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $3,855,550.73
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $13,000,215.75
Ending Spread Account Balance (after distributions) $13,000,215.75
Credit Enhancement 6.12%
Spread account % of Ending Pool Balance 6.11%
Overcollateralization % of Ending Pool Balance 0.01%
Scheduled Amounts 30 - 59 days past due $7,560,326.32
as % of Ending Pool Balance 3.56%
Scheduled Amounts 60 days or more past due $2,720,610.71
as % of Ending Pool Balance 1.28%
Net Losses on Liquidated Receivables ($103,303.60)
as % of Ending Pool Balance -0.05%
</TABLE>
Page 3 of 14
<PAGE>
<TABLE>
<S><C>
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1 (Retail) Cutoff Pool 2 (LPL) Cutoff Pool 3 (Retail) Cutoff
Wtd. Avg. APR 8.689% 8.689% 8.577%
Contract Value (Beg. of Collection Period), by origination pool
Contract Value (End of Collection Period), by origination pool $327,736,982.68 $120,892,288.63 $149,354,402.32
---------------- ---------------- ----------------
Contract Value Decline
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Withdrawls
Yield Supplement Withdrawals
Total Distribution Amount (TDA)
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool)
Total Unscheduled Principal
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1 Pool 2
Wtd. Avg. APR 8.689% 8.689%
Contract Value (Beg. of Collection Period), by origination pool $107,390,056.16 $43,663,489.46
Contract Value (End of Collection Period), by origination pool $103,636,733.07 $41,955,191.14
---------------- ---------------
Contract Value Decline $3,753,323.09 $1,708,298.32
3.50% 3.91%
Initial Pool Balance $650,010,787.72
Pool Balance (End of Collection Period) $212,664,159.13
Collections and Investment Income for the period $17,271,001.58
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Total Distribution Amount (TDA) $17,271,001.58
Principal Distribution Amount (PDA) $12,459,118.06
Initial B Percentage 5.250%
Unscheduled Principal (per pool) $0.00 $0.00
Total Unscheduled Principal $0.00
PART III -- SERVICING CALCULATIONS 15-Dec-00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 3 Pool 4
Wtd. Avg. APR 8.577% 8.504%
Contract Value (Beg. of Collection Period), by origination pool $57,752,246.23 $16,317,485.34
Contract Value (End of Collection Period), by origination pool $52,408,630.85 $14,663,604.07
--------------- --------------
Contract Value Decline $5,343,615.38 $1,653,881.27
9.25% 10.14%
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Withdrawls
Yield Supplement Withdrawals
Total Distribution Amount (TDA)
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool) $0.00 $0.00
Total Unscheduled Principal
Page 4 of 14
<PAGE>
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
Principal Distributable Amount 12,459,118.06
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
Preliminary A-1 Noteholders' Principal Distributable Amount (including One-Time
Excess Prefund Acct. Pmt.) $0.00
One-Time Excess Prefunding Account Payment $0.00
A-1 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $12,459,118.06
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $12,459,118.06
A-3 Note Beginning Principal Balance $43,818,517.42
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution Amount 94.75%
A-3 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $11,805,014.36
Principal Distributable Amount Remaining $654,103.70
A-4 Note Beginning Principal Balance $148,350,000.00
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $654,103.70
B Note Beginning Principal Balance $11,818,972.05
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Principal Distribution Amount 5.25%
B Noteholders' Principal Distributable Amount (including Carryover Shortfall) $654,103.70
Principal Distributable Amount Remaining $0.00
Deferred Purchase Price Beginning Principal Balance $21,025,000.00
Deferred Purchase Price Principal Carryover Shortfall (Previous Period) $0.00
Deferred Purchase Price Share of the Principal Distribution Amount 0.00%
Deferred Purchase Price Principal Distributable Amount (including Carryover Shortfall) $0.00
Certificate Purchase Price Beginning Principal Balance $100,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amount 0.00%
Certificateholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Interest Accrued on Class A-1 Notes this period 5.4200% ACT/360 $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 5.4900% 30/360 $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period 5.5200% 30/360 $201,565.18
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $201,565.18
Interest Accrued on Class A-4 Notes this period 5.6100% 30/360 $693,536.25
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $693,536.25
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $895,101.43
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $895,101.43
Interest Accrued on Class B Notes this period 6.2000% 30/360 $61,064.69
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $61,064.69
Interest Accrued on Deferred Purchase Price this period 6.2000% 30/360 $108,629.17
Deferred Purchase Price Interest Carryover Shortfall (Previous Period) $232,339.76
Interest Due (in Arrears) on Above Shortfall $1,200.42
Deferred Purchase Price Interest Distributable Amount $342,169.35
Interest Accrued on Certificates this period 6.2000% 30/360 $516.67
Certificateholders' Interest Carryover Shortfall (Previous Period) $1,105.07
Interest Due (in Arrears) on Above Shortfall $5.71
Certificateholders' Interest Distributable Amount $1,627.45
Page 5 of 14
<PAGE>
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. Total Distribution Amount (TDA) $17,271,001.58
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $500.00 per quarter $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $17,270,834.91
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $201,565.18
Noteholders' Interest applicable to A-3 Notes Paid this Period from TDA $201,565.18
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $693,536.25
Noteholders' Interest applicable to A-4 Notes Paid this Period from TDA $693,536.25
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $895,101.43
Offered Noteholders' Interest Paid this Period from TDA $895,101.43
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $16,375,733.48
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on B Notes this period $61,064.69
Noteholders' Interest applicable to B Notes Paid this Period from TDA $61,064.69
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Total Distribution Amount Remaining $16,314,668.79
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $16,314,668.79
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-2 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $16,314,668.79
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $11,805,014.36
A-3 Noteholders' Principal Distributable Amount Paid from TDA $11,805,014.36
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $4,509,654.43
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-4 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $4,509,654.43
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $654,103.70
B Noteholders' Principal Distributable Amount Paid from TDA $654,103.70
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $3,855,550.73
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.00% $0.00
Deposit to Yield Supplement Account $0.00
-----
Payment to Seller $0.00
Payment to Class A-1 after Funding is Complete $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Sellers) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
Page 6 of 14
<PAGE>
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 3.052000%
Number of Days Remaining 177 days 0 days
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $593,232.45
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. RECONCILATION OF YIELD SUPPLEMENT ACCOUNT
Beginning Yield Supplement Account Balance $0.00
Deposit to Yield Supplement Account from Pre-Funding Account $0.00
Receivables Percentage 100.00%
Withdrawal of Yield Supplement Amount $0.00
Maximum Yield Supplement Amount $0.00
Required Yield Supplement Amount $0.00
Interim Yield Supplement Account Balance $0.00
Yield Supplement Amount Released to Seller $0.00
Ending Yield Supplement Account Balance $0.00
Page 7 of 14
<PAGE>
7. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $10,079,988.24
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $3,855,550.73
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $13,935,538.97
Cumulative Realized Losses since 31-July-98 (Cut-off Date) $8,726,536.18
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period) + Repos at end of Collection Period $183,385.97
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? NO
60 day or > Delinquent Scheduled Amounts $2,720,610.71
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $32,013,503.06
Preliminary A-4 Note Principal Balance (End of Period) $148,350,000.00
Preliminary B Note Principal Balance (End of Period) $11,164,868.35
Preliminary Total Principal Balance of Notes (End of Period) $191,528,371.41
Specified Spread Account Balance 13,000,215.75
Lesser of:
(a) 2.00% of the Initial Pool Balance 2.00% 13,000,215.75
(b) the Note Balance 191,528,371.41
Preliminary Spread Account Balance Remaining $13,935,538.97
Preliminary Excess Amount in Spread Account $935,323.22
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution $2,920,227.51
Spread Account Excess $935,323.22
Ending Spread Account Balance (after distributions) $13,000,215.75
Net Change in Spread Account Balance $2,920,227.51
Total Excess Distribution Amount Remaining $935,323.22
Deferred Purchase Price Interest Carryover Shortfall (Previous Period) $232,339.76
Interest Due (in Arrears) on Above Shortfall $1,200.42
Interest Accrued on Deferred Purchase Price this period $108,629.17
Deferred Purchase Price Interest Paid from Excess Distribution $342,169.35
Preliminary Deferred Purchase Price Interest Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Previous Period) $1,105.07
Interest Due (in Arrears) on Above Shortfall $5.71
Interest Accrued on Certificates this period $516.67
Certificateholders' Interest Paid from Excess Distribution $1,627.45
Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $591,526.42
Deferred Purchase Price Principal Carryover Shortfall (Previous Period) $0.00
Deferred Purchase Price Principal Distributable Amount current period (including Carryover Shortfall) $0.00
Deferred Purchase Price Principal Distributable Amount Paid from Fixed and Floating Rate Excess Distrbution $0.00
Preliminary Deferred Purchase Price Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount current period (including Carryover Shortfall) $0.00
Certificateholders' Principal Distributable Amount Paid from Fixed and Floating Rate Excess Distrbution $0.00
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $591,526.42
Servicing Fee Shortfall (Previous Period) $1,486,305.20
Servicing Fees Accrued during this Period 1.00% $187,602.73
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining $0.00
Servicing Fees Paid this Period from Excess Distribution $591,526.42
Servicing Fee Shortfall $1,082,381.51
Total Excess Distribution Amount Remaining $0.00
</TABLE>
Page 8 of 14
<PAGE>
<TABLE>
<S><C>
8. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Deferred Purchase Price Interest Carryover Shortfall (Current Period) $0.00
Deferred Purchase Price Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) $32,013,503.06
A-4 Note Principal Balance (End of Period) $148,350,000.00
B Note Principal Balance (End of Period) $11,164,868.35
Deferred Purchase Price Principal Balance (End of Period) $21,025,000.00
Certificate Principal Balance (end of Period) $100,000.00
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (End of Period) $212,653,371.41
A-1 Note Pool Factor (End of Period) $86,400,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $250,000,000.00 0.0000000
A-3 Note Pool Factor (End of Period) $110,000,000.00 0.2910318
A-4 Note Pool Factor (End of Period) $148,350,000.00 1.0000000
B Note Pool Factor (End of Period) $34,125,000.00 0.3271756
Deferred Purchase Price Pool Factor (End of Period) $21,025,000.00 1.0000000
Certificate Pool Factor (endof Period) $100,000.00 1.0000000
Total Notes, Deferred Purchase Price & Certificates Pool Factor (End of Period) 0.3271590
Specified Spread Account Balance (after all distributions and adjustments) $13,000,215.75
Yield Supplement Account Balance (after alldistributions and adjustment): $0.00
Page 9 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-C
STATEMENT TO NOTEHOLDERS
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Dec-00
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $11,805,014.36
per $1,000 original principal amount: $107.32
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $654,103.70
per $1,000 original principal amount: $19.17
(f) Total $12,459,118.06
(2) Interest Paid on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $201,565.18
per $1,000 original principal amount: $1.83
(d) A-4 Notes: $693,536.25
per $1,000 original principal amount: $4.68
(e) B Notes: $61,064.69
per $1,000 original principal amount: $1.79
(f) Total $956,166.12
(3) Pool Balance at the end of the related Collection Period $212,664,159.13
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $32,013,503.06
(ii) A-3 Note Pool Factor: 0.2910318
(d) (i) outstanding principal amount of A-4 Notes: $148,350,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $11,164,868.35
(ii) B Note Pool Factor: 0.3271756
(f) (i) Deferred Purchase Price Balance $21,025,000.00
(ii) Deferred Purchase Price Pool Factor: 1.0000000
(g) (i) Certificate Balance $100,000.00
(ii) Certificate Pool Factor: 1.00000000
(5) Amount of Servicing Fee: $591,526.42
per $1,0000 Beginning of Collection Period: 5.50820477
(6) Amount of Administration Fee: $166.67
per $1,0000 Beginning of Collection Period: 0.00155197
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: ($103,303.60)
(9) Amount in Spread Account: $13,000,215.75
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
Page 10 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-C
STATEMENT TO CERTIFICATEHOLDERS
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Dec-00
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $11,805,014.36
per $1,000 original principal amount: $107.32
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $654,103.70
per $1,000 original principal amount: $19.17
(f) Deferred Purchase Price: $0.00
per $1,000 original principal amount: $0.00
(g) Certificates: 0.00
per $1,000 original principal amount: $0.00
(h) Total: $12,459,118.06
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $201,565.18
per $1,000 original principal amount: $1.83
(d) A-4 Notes: $693,536.25
per $1,000 original principal amount: $4.68
(e) B Notes: $61,064.69
per $1,000 original principal amount: $1.79
(f) Deferred Purchase Price: $342,169.35
per $1,000 original principal amount: $16.27
(g) Certificates: $1,627.45
per $1,000 original principal amount: $16.27
(h) Total: $1,299,962.92
(3) Pool Balance at end of related Collection Period: $212,664,159.13
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $32,013,503.06
(ii) A-3 Note Pool Factor: 0.2910318
(d) (i) outstanding principal amount of A-4 Notes: $148,350,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $11,164,868.35
(ii) C Note Pool Factor: 0.3271756
(f) (i) Deferred Purchase Price Balance $21,025,000.00
(ii) Certificate Pool Factor: 1.0000000
(g) (i) Certificate Balance 100,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $591,526.42
per $1,000 Beginning of Collection Period: 5.5082048
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0015520
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: ($103,303.60)
(9) Amount in Spread Account: $13,000,215.75
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
Page 11 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-C
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Dec-00
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $956,166.12
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $12,459,118.06
(4) Deferred Purchase Price Interest Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $342,169.35
(5) Deferred Purchase Price Principal Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $0.00
(6) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $1,627.45
(7) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(8) Payment of Servicing Fee to Servicer: $591,526.42
(9) Release to Seller from Excess Collections over Distributions $0.00
Check for Error NO ERROR
Sum of Above Distributions $17,271,001.58
Total Distribution Amount plus Releases to Seller $17,271,001.58
Page 12 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1998-C
SERVICER'S CERTIFICATE
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Dec-00
(1) Total Distribution Amount: $17,271,001.58
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $201,565.18
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $693,536.25
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to b Notes: $61,064.69
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $956,166.12
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(19) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $0.00
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $11,805,014.36
(23) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 94.75%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $11,805,014.36
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $654,103.70
(31) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to B Noteholders 5.25%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $654,103.70
(34) Noteholders' Principal Distribution Amount: $12,459,118.06
(35) Noteholders' Distributable Amount: $13,415,284.18
</TABLE>
Page 13 of 14
<PAGE>
<TABLE>
<S><C>
(36) Deposit to Spread Account (from excess collections): $3,855,550.73
(37) Specified Spread Account Balance (after all distributions and adjustments) : $13,000,215.75
The Lesser of:
(a) 2.00% of the Initial Pool Balance $13,000,215.75
(b) the Note Balance $191,528,371.41
(38) Spread Account Balance over the Specified Spread Account Balance: $935,323.22
(39) Deffered Purchase Price Interest Distribution Amount: $342,169.35
(40) Deffered Purchase Price Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Deffered Purchase Price 0.00%
(42) Deffered Purchase Price Principal Distributable Amount applicable to current period $0.00
(43) Deffered Purchase Price Principal Carryover Shortfall: $0.00
(44) Deffered Purchase Price Principal Distribution Amount: $0.00
(45) Deffered Purchase Price Distribution Amount: $342,169.35
(39) Certificateholders' Interest Distribution Amount: $1,627.45
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificates 0.00%
(42) Certificates Principal Distributable Amount applicable to current period $0.00
(43) Certificates Principal Carryover Shortfall: $0.00
(44) Certificates Principal Distribution Amount: $0.00
(45) Certificates Distribution Amount: $1,627.45
(46) Servicing Fee: $591,526.42
=============================================================================================================================
CASE EQUIPMENT LOAN TRUST 1998-C
SERVICER'S CERTIFICATE
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 00-Jan-00
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $0.00
(b) Release of Excess Amount in Negative Carry Account $0.00
(b) Release of Excess Amount in Yield Supplement Account $0.00
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $225,123,277.19
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $32,013,503.06
A-3 Note Pool Factor: 0.2910318
Outstanding Principal Balance of A-4 Notes: $148,350,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $11,164,868.35
B Note Pool Factor: 0.3271756
Outstanding Principal Balance of the Deferred Purchase Price: $21,025,000.00
Deferred Purchase Price Pool Factor: 1.0000000
Outstanding Principal Balance of the Certificates: 100,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: ($103,303.60)
(53) Spread Account Balance after giving effect to all distributions: $13,000,215.75
Page 14 of 14
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-A
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Prepared by Bridget Fassett of Jefferson Wells (262) 636-5155
------------------------------------------------------------
NPV Data Input Section 05-Dec-00 05-Dec-00 05-Dec-00
------------------------------------------------------------
Scheduled cash flows as of the Pool 1A (Retail) Pool 1B (FPL) Pool 1C (Forestry)
12,838,384.55 2,267,118.29 971,103.82
12,020,396.95 726,059.76 289,008.25
6,331,379.59 730,544.02 291,701.26
3,066,912.20 787,923.25 294,699.28
2,735,083.35 755,725.01 301,736.98
2,751,380.43 692,648.63 302,222.67
2,909,142.05 715,191.50 315,237.78
3,027,415.88 714,796.84 315,780.80
3,054,812.86 680,752.08 310,682.49
3,440,936.50 754,193.05 309,737.49
2,797,690.99 690,005.68 310,017.34
5,114,461.59 684,932.25 308,889.24
11,554,266.58 756,842.85 303,544.74
11,836,632.12 629,796.14 263,230.84
5,992,950.80 639,861.35 279,939.91
2,522,486.93 596,902.61 240,590.05
2,159,948.75 650,712.62 232,203.94
2,198,641.66 579,232.37 238,998.41
2,288,861.68 588,322.81 241,004.34
2,327,491.30 592,856.91 237,538.05
2,298,863.57 519,467.66 230,574.47
2,608,217.86 564,070.76 235,371.28
2,165,447.55 481,451.20 224,972.71
4,099,121.64 454,435.91 246,918.35
8,794,736.63 470,638.19 240,622.66
8,962,146.29 429,399.51 126,624.47
3,820,532.43 322,570.36 87,041.91
1,408,930.77 375,108.58 32,227.54
887,383.61 356,318.57 26,337.82
908,679.00 315,017.12 47,215.42
999,543.88 307,388.94 32,418.99
888,772.12 327,714.29 61,970.45
920,107.18 251,991.55 29,598.70
1,189,517.64 322,991.37 27,994.61
861,797.91 284,864.06 27,994.61
2,548,415.08 143,313.56 27,994.61
6,121,322.98 113,508.00 32,468.21
6,301,714.06 126,988.64 24,328.06
2,167,065.61 73,167.79 12,838.51
381,458.36 11,805.47 0.00
94,986.36 5,945.28 155,497.91
70,437.07 2,715.95 0.00
158,173.70 2,715.95 0.00
48,706.16 34,021.09 0.00
107,664.67 6,947.05 0.00
93,185.57 1,862.53 0.00
99,650.12 30,792.68 0.00
747,480.23 11,205.98 0.00
1,158,645.06 21,499.27 0.00
1,359,674.52 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
4,434.28 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
------------------------------------------------------------
Total Time Balance of Scheduled Cash Flows 163,246,088.67 21,604,335.33 8,288,878.97
-------------------------------------------------------------------------
NPV Data Input Section 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00
-------------------------------------------------------------------------
Scheduled cash flows as of the Pool 2 Pool 3 Pool 4 Pool 5
2,413,545.30 2,632,602.49 3,072,379.63 594,858.06
1,767,406.31 2,004,596.58 1,494,885.77 365,752.22
4,013,056.45 1,535,892.21 1,422,892.39 336,207.20
5,929,595.64 3,889,033.18 1,428,724.16 341,348.80
1,554,796.52 7,299,588.55 3,672,463.24 391,859.12
1,188,650.15 1,554,996.69 4,326,580.30 736,731.70
1,133,209.56 1,389,500.43 1,360,932.04 1,055,872.96
1,155,919.11 1,466,949.37 1,406,994.81 450,342.20
1,194,041.69 1,428,811.76 1,593,462.58 309,143.48
1,354,692.10 1,534,827.73 1,490,607.86 341,715.75
1,127,869.01 1,582,763.93 1,442,709.37 285,031.42
1,320,322.85 1,659,896.37 1,618,033.21 335,663.52
1,521,696.10 1,957,717.74 1,622,130.43 464,711.17
1,737,683.77 1,956,056.37 1,490,546.76 344,353.42
3,883,563.40 1,519,253.85 1,390,017.89 330,781.40
5,828,253.01 3,812,246.29 1,448,105.73 333,824.34
1,391,213.62 7,198,927.72 3,744,141.49 383,740.03
899,057.83 1,303,947.81 4,373,380.22 711,986.84
930,529.94 1,110,730.24 1,219,478.22 1,044,647.66
943,617.41 1,145,891.16 1,244,198.11 399,724.52
971,584.47 1,134,881.50 1,421,407.33 260,965.61
1,089,560.76 1,219,853.80 1,291,628.14 291,179.87
929,609.48 1,214,783.39 1,207,982.78 233,307.86
1,139,414.02 1,226,944.22 1,370,027.43 292,429.87
1,223,035.86 1,614,812.51 1,372,281.53 388,512.70
1,318,351.64 1,634,048.13 1,277,793.08 256,098.84
2,888,981.18 1,158,909.16 1,185,554.35 267,796.15
3,963,460.09 2,914,403.38 1,158,880.56 276,461.62
723,041.52 4,523,192.56 3,293,653.95 452,073.92
325,677.74 596,034.42 3,579,519.60 536,207.14
331,437.92 422,552.89 618,729.87 708,228.63
388,007.75 421,434.35 598,967.35 245,112.91
408,822.30 452,140.26 640,309.11 123,381.58
419,130.15 543,778.91 671,766.32 139,670.05
297,384.12 475,749.14 579,720.59 97,954.64
604,824.05 527,959.61 721,482.57 136,464.63
479,633.21 769,574.01 717,810.21 280,812.02
631,761.44 798,580.96 772,547.32 98,419.21
1,702,058.38 492,643.44 564,803.03 137,915.05
2,619,328.24 1,612,087.70 586,523.21 139,252.99
243,409.22 2,444,189.45 2,322,219.30 136,900.31
39,084.37 192,048.86 2,301,103.85 457,184.28
50,250.88 30,689.44 112,575.80 379,562.37
19,343.99 36,518.32 127,874.10 91,568.50
29,331.80 38,391.56 115,871.12 18,070.44
24,062.46 73,814.34 88,958.28 37,565.89
3,922.91 108,473.26 68,813.88 825.67
44,858.20 6,562.24 49,370.43 15,511.96
89,559.76 44,240.43 87,646.39 71,634.88
139,331.19 97,460.25 59,466.89 248.94
396,657.63 35,953.91 53,662.67 18,880.98
0.00 452,550.48 17,163.19 248.94
14,731.32 20,877.86 565,218.67 248.94
0.00 0.00 8,017.78 52,917.71
0.00 0.00 0.00 0.00
0.00 0.00 27,723.40 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 36,250.69 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
-------------------------------------------------------------------------
Total Time Balance of Scheduled Cash Flows 64,838,367.82 75,320,365.21 70,535,988.98 16,201,910.91
Page 1 of 12
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-A
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Prepared by Bridget Fassett of Jefferson Wells (262) 636-5155
Scheduled Payment Date 15-Dec-00
Actual Payment Date 15-Dec-00
Collection Period Begin Date 06-Nov-00
Collection Period End Date 05-Dec-00
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 30
PART I -- MONTHLY DATA INPUT
Receipts During the Period $20,068,964.34
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $20,068,964.34
Total Collection $20,068,964.34
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Reinvestment Income (including Pre-Funding Account,
Spread Account (and YSA if any)) $134,462.85
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $20,203,427.19
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $7,664,022.34
Scheduled Amounts 60 days or more past due $2,624,312.67
Net Losses on Liquidated Receivables $247,931.76
Number of Loans at Beginning of Period 17,262
Number of Loans at End of Period 16,901
Repossessed Equipment not Sold or Reassigned (Beginning) $3,600,664.22
Repossessed Equipment not Sold or Reassigned (End) $4,255,081.69
Page 2 of 12
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-A
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Actual Payment Date 15-Dec-00
Collection Period Begin Date 06-Nov-00
Collection Period End Date 05-Dec-00
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of $392,748,857.18
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $2,588,871.66
A-3 Note Beginning Principal Balance $137,000,000.00
A-4 Note Beginning Principal Balance $221,950,000.00
B Note Beginning Principal Balance $15,709,985.53
Certificate Beginning Principal Balance $15,500,000.00
Total Principal Balance of Notes and Certificates (End of Period) $375,865,305.77
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $123,380,662.30
A-3 Note Pool Factor (End of Period) 0.9005888
A-4 Note Principal Balance (End of Period) $221,950,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $15,034,643.47
B Note Pool Factor (End of Period) 0.4849885
Certificate Principal Balance (End of Period) $15,500,000.00
Certificate Pool Factor (End of Period) 1.0000000
CONTRACT VALUE DECLINE $16,883,551.41
Pool Balance (Beg. of Collection Period) $392,749,638.16
Pool Balance (End of Collection Period) $375,866,086.75
Total Distribution Amount (TDA) $20,203,427.19
Total Collections and Investment Income for the Period $20,203,427.19
Negative Carry Amount $0.00
Principal Distribution Amount (PDA) $16,883,551.41
Principal Allocation to Notes and Certificates $16,883,551.41
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $2,588,871.66
A-3 Noteholders' Principal Distributable Amount $13,619,337.70
A-4 Noteholders' Principal Distributable Amount $0.00
B Noteholders' Principal Distributable Amount $675,342.06
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $883,110.42
Noteholders' Interest Distributable Amount applicable to A-1 $0.00
Noteholders' Interest Distributable Amount applicable to A-2 $11,401.82
Noteholders' Interest Distributable Amount applicable to A-3 $639,333.33
Noteholders' Interest Distributable Amount applicable to A-4 $1,067,209.58
Noteholders' Interest Distributable Amount applicable to B N $78,026.26
Certificateholders' Interest Distributable Amount $154,349.01
Spread Account
Beginning Spread Account Balance $14,044,626.63
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Di $1,523,738.12
Distribution from Spread Account for Interest / Principal Shortfa $0.00
Specified Spread Account Balance $15,500,015.62
Ending Spread Account Balance (after distributions) $15,500,015.62
Credit Enhancement 4.12%
Spread account % of Ending Pool Balance 4.12%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $7,664,022.34
as % of Ending Pool Balance 2.04%
Scheduled Amounts 60 days or more past due $2,624,312.67
as % of Ending Pool Balance 0.70%
Net Losses on Liquidated Receivables $247,931.76
as % of Ending Pool Balance 0.07%
PART III -- SERVICING CALCULATIONS 15-Dec-00
Page 3 of 12
<PAGE>
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1A (Retail) Pool 1B (FPL) Pool 1C (Forestry)
Wtd. Avg. APR 8.519% 8.519% 8.519%
Contract Value (Beg. of Collection Period), by originat $152,003,914.45 $21,301,663.63 $8,502,515.18
Contract Value (End of Collection Period), by origina $146,041,969.76 $19,653,265.88 $7,618,882.69
---------------- --------------- --------------
Contract Value Decline $5,961,944.69 $1,648,397.75 $883,632.49
3.92% 7.74% 10.39%
Initial Pool Balance $392,749,638.16
Pool Balance (End of Collection Period) $375,866,086.75
Collections and Investment Income for the period $20,203,427.19
Negative Carry Amount $0.00
Total Distribution Amount (TDA) $20,203,427.19
Principal Distribution Amount (PDA) $16,883,551.41
Initial B Percentage 4.000%
Unscheduled Principal (per pool) $0.00 $0.00 $0.00
Total Unscheduled Principal $0.00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 2 Pool 3 Pool 4 Pool 5
Wtd. Avg. APR 8.163% 7.995% 8.337% 8.088%
Contract Value (Beg. of Collection Period), by origina $61,519,393.56 $69,646,206.84 $64,815,790.94 $14,960,153.56
Contract Value (End of Collection Period), by origina $58,234,340.76 $67,624,922.18 $62,332,598.83 $14,360,106.65
--------------- -------------- -------------- -------------
Contract Value Decline $3,285,052.80 $2,021,284.66 $2,483,192.11 $600,046.91
5.34% 2.90% 3.83% 4.01%
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Amount
Total Distribution Amount (TDA)
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool) $0.00 $0.00 $0.00 $0.00
Total Unscheduled Principal
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
A-1 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $16,883,551.41
A-2 Note Beginning Principal Balance $2,588,871.66
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 15.33%
A-2 Noteholders' Principal Distributable Amount $2,588,871.66
Principal Distribution Amount Remaining $14,294,679.75
A-3 Note Beginning Principal Balance $137,000,000.00
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution Amount 80.67%
A-3 Noteholders' Principal Distributable Amount $13,619,337.70
Principal Distribution Amount Remaining $675,342.06
A-4 Note Beginning Principal Balance $221,950,000.00
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $675,342.06
B Note Beginning Principal Balance $15,709,985.53
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Principal Distribution Amounts 4.00%
B Noteholders' Principal Distributable Amount $675,342.06
Principal Distribution Amount Remaining $0.00
Certificate Beginning Principal Balance $15,500,000.00
Certificateholders' Principal Carryover Shortfall (Previous Perio $0.00
Certificateholders' Share of the Principal Distribution Amounts 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous
Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Note $0.00
Interest Accrued on Class A-2 Notes this period $11,401.82
Noteholders' Interest Carryover Shortfall (Previous
Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount
applicable to A-2 $11,401.82
Interest Accrued on Class A-3 Notes this period $639,333.33
Noteholders' Interest Carryover Shortfall (Previous
Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 $639,333.33
Interest Accrued on Class A-4 Notes this period $1,067,209.58
Noteholders' Interest Carryover Shortfall (Previous
Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount
applicable to $1,067,209.58
Interest Accrued on Class A-1, A-2, A-3 and A-4
Notes thi $1,717,944.73
Offered Noteholders' Interest Carryover Shortfall
(Previous Perio $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $1,717,944.73
Interest Accrued on Class B Notes this period $78,026.26
Noteholders'Interest Carryover Shortfall (Previous
Period) appli to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B N $78,026.26
Interest Accrued on Certificates this period $76,983.33
Certificateholders' Interest Carryover Shortfall (Previous P $76,983.33
Interest Due (in Arrears) on Above Shortfall $382.35
Certificateholders' Interest Distributable Amount $154,349.01
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. TOTAL DISTRIBUTION AMOUNT (TDA) $20,203,427.19
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $20,203,260.52
Noteholders' Interest Carryover Shortfall (Previous
Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes
Paid this Perio $0.00
</TABLE>
Page 4 of 12
<PAGE>
<TABLE>
<S><C>
Certificate Beginning Principal Balance $15,500,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amounts 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period $11,401.82
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $11,401.82
Interest Accrued on Class A-3 Notes this period $639,333.33
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $639,333.33
Interest Accrued on Class A-4 Notes this period $1,067,209.58
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $1,067,209.58
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $1,717,944.73
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $1,717,944.73
Interest Accrued on Class B Notes this period $78,026.26
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $78,026.26
Interest Accrued on Certificates this period $76,983.33
Certificateholders' Interest Carryover Shortfall (Previous Period) $76,983.33
Interest Due (in Arrears) on Above Shortfall $382.35
Certificateholders' Interest Distributable Amount $154,349.01
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. Total Distribution Amount (TDA) $20,203,427.19
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $20,203,260.52
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $11,401.82
Noteholders' Interest applicable to A-2 Notes Paid this Period from TDA $11,401.82
Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $639,333.33
Noteholders' Interest applicable to A-3 Notes Paid this Period from TDA $639,333.33
Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $1,067,209.58
Noteholders' Interest applicable to A-4 Notes Paid this Period from TDA $1,067,209.58
Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $1,717,944.73
Offered Noteholders' Interest Paid this Period from TDA $1,717,944.73
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $18,485,315.79
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class B Notes this period $78,026.26
Noteholders' Interest applicable to B Notes Paid this Period from TDA $78,026.26
Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to B Notes $0.00
Total Distribution Amount Remaining $18,407,289.53
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $18,407,289.53
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $2,588,871.66
A-2 Noteholders' Principal Distributable Amount Paid from TDA $2,588,871.66
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $15,818,417.88
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount $13,619,337.70
A-3 Noteholders' Principal Distributable Amount Paid from TDA $13,619,337.70
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,199,080.18
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,199,080.18
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount $675,342.06
B Noteholders' Principal Distributable Amount Paid from TDA $675,342.06
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $1,523,738.12
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account $0.00
Deposit to Yield Supplement Account (will be necessary
only if required by rating agencies) $0.00
Payment to Seller $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Seller) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 3.2128475%
Number of Days Remaining 30.00
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $0.00
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. RECONCILATION OF YIELD SUPPLEMENT ACCOUNT - ONLY NECESSARY IF
REQUIRED BY RATING AGENCIES
Beginning Yield Supplement Account Balance $0.00
Deposit to Yield Supplement Account from Pre-Funding Account $0.00
Receivables Percentage 0.00%
Withdrawal of Yield Supplement Amount $0.00
Maximum Yield Supplement Amount $0.00
Required Yield Supplement Amount $0.00
Interim Yield Supplement Account Balance $0.00
Yield Supplement Amount Released to Seller $0.00
Page 5 of 12
<PAGE>
Ending Yield Supplement Account Balance $0.00
7. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $14,044,626.63
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $1,523,738.12
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to A-4 Notes $0.00
Remaining Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current
Period) applicable to B Notes $0.00
Remaining Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Remaining Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $15,568,364.76
Cumulative Realized Losses since 28-February-99 (Cut-off Date) $8,494,478.76
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period) + Repos at end of Collection Period $7,230,262.81
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? YES
60 day or > Delinquent Scheduled Amounts $2,624,312.67
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? YES
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $123,380,662.30
Preliminary A-4 Note Principal Balance (End of Period) $221,950,000.00
Preliminary B Note Principal Balance (End of Period) $15,034,643.47
Preliminary Total Principal Balance of Notes (End of Period) $360,365,305.77
Specified Spread Account Balance 15,500,015.62
Lesser of:
(a) 2.00% of the Initial Pool Balance 15,500,015.62
(b) the Note Balance 360,365,305.77
Preliminary Spread Account Balance Remaining $15,568,364.76
Preliminary Excess Amount in Spread Account $68,349.14
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution $1,455,388.99
Spread Account Excess $68,349.14
Ending Spread Account Balance (after distributions) $15,500,015.62
Net Change in Spread Account Balance $1,455,388.99
8. CERTIFICATE DISTRIBUTIONS AND SERVICING FEES
Total Excess Distribution Amount Remaining $68,349.14
Certificateholders' Interest Carryover Shortfall (Previous Period) $76,983.33
Interest Due (in Arrears) on Above Shortfall $382.35
Interest Accrued on Certificates this period $76,983.33
Certificateholders' Interest Paid from Excess Distribution $68,349.14
Preliminary Certificateholders' Interest Carryover Shortfall (Current Period) $85,999.87
Total Excess Distribution Amount Remaining $0.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount applicable to current period $0.00
Certificateholders' Principal Distributable Amount Paid from Excess Distrbution $0.00
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $0.00
Servicing Fee Shortfall (Previous Period) 1,639,047.94
Servicing Fees Accrued during this Period $327,291.37
Servicing Fees Paid this Period Excess Distribution $0.00
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining $0.00
Servicing Fee Shortfall $1,966,339.31
Total Excess Distribution Amount Remaining $0.00
9. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $85,999.87
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
Page 6 of 12
<PAGE>
A-3 Note Principal Balance (End of Period) $123,380,662.30
A-4 Note Principal Balance (End of Period) $221,950,000.00
B Note Principal Balance (End of Period) $15,034,643.47
Certificate Principal Balance (End of Period) $15,500,000.00
Total Principal Balance of Notes and Certificates (End of Period) $375,865,305.77
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Pool Factor (End of Period) 0.9005888
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Pool Factor (End of Period) 0.4849885
Certificate Pool Factor (End of Period) 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.4849875
Specified Spread Account Balance (after all distributions and adjustments) $15,500,015.62
Yield Supplement Account Balance (after alldistributions and adjustment): $0.00
Page 7 of 12
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-A
STATEMENT TO NOTEHOLDERS
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 15-Dec-00
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $2,588,871.66
per $1,000 original principal amount: $8.81
(c) A-3 Notes: $13,619,337.70
per $1,000 original principal amount: $99.41
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $675,342.06
per $1,000 original principal amount: $21.79
(f) Total $16,883,551.41
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $11,401.82
per $1,000 original principal amount: $0.04
(c) A-3 Notes: $639,333.33
per $1,000 original principal amount: $4.67
(d) A-4 Notes: $1,067,209.58
per $1,000 original principal amount: $4.81
(e) B Notes: $78,026.26
per $1,000 original principal amount: $2.52
(f) Total $1,795,970.99
(3) Pool Balance at the end of the related Collection Period $375,866,086.75
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $123,380,662.30
(ii) A-3 Note Pool Factor: 0.9005888
(d) (i) outstanding principal amount of A-4 Notes: $221,950,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $15,034,643.47
(ii) B Note Pool Factor: 0.4849885
(f) (i) Certificate Balance $15,500,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $0.00
per $1,000 Beginning of Collection Period: 0.00000000
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00042436
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $247,931.76
(9) Amount in Spread Account: $15,500,015.62
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
Page 8 of 12
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-A
STATEMENT TO CERTIFICATEHOLDERS
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 15-Dec-00
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $2,588,871.66
per $1,000 original principal amount: $8.81
(c) A-3 Notes: $13,619,337.70
per $1,000 original principal amount: $99.41
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $675,342.06
per $1,000 original principal amount: $21.79
(f) Certificates: $0.00
per $1,000 original principal amount: $0.00
(g) Total: $16,883,551.41
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $11,401.82
per $1,000 original principal amount: $0.04
(c) A-3 Notes: $639,333.33
per $1,000 original principal amount: $4.67
(d) A-4 Notes: $1,067,209.58
per $1,000 original principal amount: $4.81
(e) B Notes: $78,026.26
per $1,000 original principal amount: $2.52
(f) Certificates: $68,349.14
per $1,000 original principal amount: $4.41
(g) Total: $1,864,320.13
(3) Pool Balance at end of related Collection Period: $375,866,086.75
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $123,380,662.30
(ii) A-3 Note Pool Factor: 0.9005888
(d) (i) outstanding principal amount of A-4 Notes: $221,950,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $15,034,643.47
(ii) B Note Pool Factor: 0.4849885
(f) (i) Certificate Balance $15,500,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $0.00
per $1,000 Beginning of Collection Period: 0.0000000
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0004244
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $247,931.76
(9) Amount in Spread Account: $15,500,015.62
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
</TABLE>
Page 9 of 12
<PAGE>
<TABLE>
<S><C>
CASE EQUIPMENT LOAN TRUST 1999-A
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 15-Dec-00 15-Jan-01
(1) Payment of Administration Fee to Administrator: $166.67 $0.00
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $1,795,970.99 $1,717,658.06
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $16,883,551.41 $13,782,357.56
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $68,349.14 $0.00
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00 $0.00
(6) Payment of Servicing Fee to Servicer: $0.00 $0.00
(7) Release to Seller from Excess Collections over Distributions $0.00 $0.00
Check for Error NO ERROR NO ERROR
Sum of Above Distributions $20,203,427.19 $15,500,015.62
Total Distribution Amount plus Releases to Seller $20,203,427.19 $15,500,015.62
Page 10 of 12
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-A
SERVICER'S CERTIFICATE
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 15-Dec-00
(1) Total Distribution Amount: $20,203,427.19
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $11,401.82
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $639,333.33
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $1,067,209.58
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to B Notes: $78,026.26
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $1,795,970.99
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $2,588,871.66
(19) % of Principal Distribution Amount applicable to A-2 Noteholders 15.33%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $2,588,871.66
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $13,619,337.70
(23) % of Principal Distribution Amount applicable to A-3 Noteholders 80.67%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $13,619,337.70
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $675,342.06
(31) % of Principal Distribution Amount applicable to B Noteholders 4.00%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $675,342.06
(34) Noteholders' Principal Distribution Amount: $16,883,551.41
(35) Noteholders' Distributable Amount: $18,679,522.40
(36) Deposit to Spread Account (from excess collections): $1,523,738.12
(37) Specified Spread Account Balance (after all distributions and adjustments) : $15,500,015.62
The Lesser of:
(a) 2.00% of the Initial Pool Balance $15,500,015.62
(b) the Note Balance $360,365,305.77
(38) Spread Account Balance over the Specified Spread Account Balance: $68,349.14
(39) Certificateholders' Interest Distributable Amount: $68,349.14
(40) Certificateholders' Interest Carryover Shortfall: $85,999.87
(41) % of Principal Distribution Amount applicable to Certificate holders 0.00%
(42) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(43) Certificateholders' Principal Carryover Shortfall: $0.00
(44) Certificateholders' Principal Distributable Amount: $0.00
(45) Certificateholders' Distributable Amount: $68,349.14
(46) Servicing Fee: $0.00
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Excess Distributions $0.00
(b) Release of Excess Amount in Negative Carry Account $0.00
(c) Release of Excess Amount in Yield Supplement Account $0.00
Page 11 of 12
<PAGE>
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $392,749,638.16
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $123,380,662.30
A-3 Note Pool Factor: 0.9005888
Outstanding Principal Balance of A-4 Notes: $221,950,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $15,034,643.47
B Note Pool Factor: 0.4849885
Outstanding Principal Balance of the Certificates: $15,500,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $247,931.76
(53) Spread Account Balance after giving effect to all distributions: $15,500,015.62
====================================================================================================================
04-Jan-01
Mr. Bruce Fabrikant
Senior Analyst
Moody's Investors Service
99 Church Street, 4th Floor
New York, NY 10007
Subject: Case Equipment Loan Trust 1999-A
Dear Bruce:
Per our agreement at closing, the following information regarding the Case
Equipment Loan Trust 1999-A is provided to Moody's for the following
collection period.
Pool Balance on 06-Nov-00
$392,749,638.16
Pool Balance on 05-Dec-00
$375,866,086.75
Realized Losses during collection period: $247,931.76
Aggregate Scheduled Payments delinquent by more
than 60 days at the end of collection period: $2,624,312.67
Aggregate Contract Value of all Receivables as to
which the related Financed Equipment has been
repossessed but in which the Receivable has not
been liquidated at the end of the collection period: $4,255,081.69
Total Collections During the Collection Period: $20,203,427.19
Sincerely,
Ralph Than
Case Credit Corporation
Page 12 of 12
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-B
$68,629,000 Class A-1 5.674% Asset Backed Notes due September 15, 2000
$300,000,000 Class A-2 6.330% Asset Backed Notes due October 15, 2003
$100,000,000 Class A-3 6.660% Asset Backed Notes due June 15, 2004
$182,371,000 Class A-4 6.900% Asset Backed Notes due June 15, 2006
$31,500,000 Class B 7.050% Asset Backed Notes due June 15, 2006
$17,500,000 7.050% Asset Backed Certificates
29-Dec-00
07:01 AM
Prepared by Shawn Ostrowski (262) 636 - 5284 File: us99b.xls
------------------------------------------------------------------------------------------
NPV Data Input Section 31-Jul-99 31-Jul-99 05-Dec-00 05-Dec-00 05-Dec-00
------------------------------------------------------------------------------------------
Scheduled cash flows as of the Pool 1A (Retail) CPoolf1B (FPL) CutPool 1A (Retail) Pool 1B (FPL) Pool 1C (Forestry)
481,775.39 235,787.96 5,623,744.04 1,036,340.61 1,520,518.90
5,059,574.60 970,277.32 3,676,677.10 390,141.99 649,340.61
3,773,678.37 774,994.85 2,948,750.79 395,174.23 620,729.02
3,851,991.40 880,126.95 3,153,989.79 405,014.76 745,376.32
4,702,792.68 1,241,012.13 3,695,603.94 394,110.63 839,063.32
5,067,768.29 858,832.31 5,928,157.03 402,493.53 892,416.55
4,071,715.23 769,235.31 8,475,182.08 409,723.63 645,042.05
4,038,884.53 873,917.61 6,471,770.86 408,699.54 647,397.86
3,996,341.52 1,000,563.71 3,168,309.75 408,699.54 575,614.97
4,912,452.87 1,030,874.94 3,169,164.08 408,699.53 618,736.35
8,479,682.24 1,053,224.49 3,034,932.72 406,878.06 638,680.75
10,770,271.64 808,211.95 3,283,812.72 404,993.39 677,779.26
6,415,977.99 768,707.46 4,243,830.85 401,860.42 685,224.23
4,279,065.28 763,784.43 3,571,182.20 396,581.58 681,455.43
3,692,654.06 745,264.47 2,908,007.46 396,924.93 579,839.58
3,914,171.50 842,204.63 3,128,822.92 393,735.44 701,521.41
4,814,300.45 811,559.23 3,551,059.54 347,583.51 908,143.72
5,177,437.20 833,415.06 5,740,422.69 340,119.62 790,719.66
4,020,165.77 748,388.98 8,040,141.83 318,440.85 575,892.14
3,976,214.78 789,947.12 5,867,132.43 288,988.39 597,647.06
3,904,237.93 907,567.10 2,479,576.95 289,354.40 504,668.12
4,793,046.78 1,327,875.77 2,437,903.58 290,634.26 546,255.13
8,277,912.97 1,004,039.10 2,281,752.81 273,118.07 550,421.72
10,528,135.84 786,939.78 2,468,170.34 291,274.01 610,293.82
6,144,249.72 723,958.46 3,240,698.88 263,486.22 992,417.73
4,046,669.64 715,398.72 2,788,624.71 267,323.60 562,649.60
3,520,434.77 694,618.63 2,169,610.99 261,989.05 463,878.05
3,723,066.71 793,487.86 2,327,140.72 236,659.02 544,132.61
4,593,112.31 763,840.97 2,347,638.56 218,337.32 753,752.99
5,011,131.36 847,377.95 3,670,016.62 165,649.14 623,236.66
3,850,651.66 737,363.35 5,623,750.47 120,246.46 379,011.26
3,836,975.60 714,140.92 3,932,594.37 75,211.43 379,854.48
3,697,034.07 1,152,647.87 1,305,826.24 70,261.64 296,602.18
4,550,885.12 973,619.78 1,228,552.80 63,358.28 294,088.11
7,757,673.60 861,940.45 1,114,119.00 59,409.93 304,459.25
9,801,528.47 689,025.17 1,230,009.88 57,560.76 366,732.67
5,329,897.26 685,771.96 1,813,621.72 57,560.76 367,006.37
3,143,387.64 626,284.23 1,441,094.10 71,513.93 285,143.50
2,685,421.69 600,581.74 1,127,605.15 57,560.76 371,442.55
2,813,930.77 683,405.63 1,071,936.26 81,226.91 321,514.11
3,562,297.12 674,822.86 1,110,868.24 34,107.90 366,319.06
3,819,572.90 703,806.74 1,992,324.54 22,380.89 363,695.76
2,906,585.74 589,590.38 3,925,933.98 10,613.45 134,996.99
2,960,575.33 519,274.33 2,080,738.96 31,069.29 140,262.67
2,611,041.41 609,730.83 417,805.23 0.00 4,074.78
2,867,873.08 720,874.32 218,045.80 9,678.40 34,761.11
5,392,899.05 674,778.66 126,149.12 4,384.42 1,449.40
6,660,526.49 452,419.43 148,949.07 0.00 10,455.02
3,457,675.04 391,446.53 334,526.44 0.00 1,449.40
1,638,195.92 365,318.32 47,701.21 0.00 0.00
1,311,517.20 315,854.48 15,901.26 0.00 0.00
1,333,023.47 394,729.98 37,460.37 0.00 0.00
2,001,078.85 395,455.98 93,444.36 0.00 15,694.17
2,120,018.12 431,341.26 84,882.13 0.00 0.00
1,446,112.14 271,066.25 36,113.44 0.00 0.00
1,516,553.93 382,001.28 0.00 0.00 0.00
1,187,229.73 336,775.95 0.00 0.00 0.00
1,359,950.96 405,398.93 0.00 0.00 0.00
3,294,291.18 348,512.87 0.00 0.00 0.00
4,258,852.11 122,673.99 0.00 0.00 0.00
1,631,860.97 89,011.53 0.00 0.00 0.00
337,455.66 34,736.52 0.00 0.00 0.00
105,439.75 1,449.40 0.00 0.00 0.00
132,943.66 1,449.40 0.00 0.00 0.00
256,320.92 1,449.40 0.00 0.00 0.00
58,917.25 0.00 0.00 0.00 0.00
13,059.81 0.00 0.00 0.00 0.00
40,978.93 0.00 0.00 0.00 0.00
83,229.11 15,694.17 0.00 0.00 0.00
52,328.99 0.00 0.00 0.00 0.00
31,339.71 0.00 0.00 0.00 0.00
55,550.47 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------
Total Time Balance of Scheduled
Cash Flows 256,011,594.71 42,339,880.13 146,451,783.12 11,739,174.48 25,181,858.46
---------------------------------------------------------------------------------------------
NPV Data Input Section 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00 05-Dec-00
----------------------------------------------------------------------------------------------
Scheduled cash flows as of the Pool 1D (Trucks) Pool 2A Pool 2B Pool 3 Pool 4 Pool 5
3,151,566.68 2,843,375.78 2,404,143.48 457,382.46 4,630,384.90 0.00
949,081.99 1,632,901.32 1,571,793.98 96,998.47 2,458,094.84 0.00
965,603.61 1,397,494.75 1,286,683.12 53,197.92 2,319,484.12 0.00
956,797.07 1,215,246.23 1,385,282.52 38,625.99 2,547,182.16 0.00
972,448.32 1,334,037.48 1,140,179.33 42,275.75 2,338,522.18 0.00
989,596.08 1,201,758.12 1,112,097.17 0.00 2,097,951.56 0.00
1,005,556.72 1,466,327.71 1,126,799.66 5,388.70 2,114,904.45 0.00
985,788.01 2,814,479.69 1,178,041.52 11,071.43 2,295,670.31 0.00
963,009.78 4,408,400.69 2,862,048.48 24,621.69 2,314,288.01 0.00
965,766.31 2,279,794.58 7,410,791.00 102,101.36 5,900,312.01 0.00
949,588.94 1,194,641.36 1,466,387.71 18,205.11 6,507,230.91 0.00
940,183.76 1,665,142.29 1,768,681.35 5,184.06 3,290,714.73 0.00
945,806.21 1,827,012.45 2,091,567.96 2,650.81 2,876,410.09 0.00
902,964.08 1,557,297.01 1,516,078.26 0.00 2,280,478.52 0.00
912,319.70 1,364,610.72 1,223,802.02 0.00 2,080,240.76 0.00
873,975.10 1,158,463.76 1,294,358.08 0.00 2,288,573.32 0.00
880,779.49 1,207,172.28 1,078,286.05 0.00 2,120,285.65 0.00
880,644.24 1,151,993.23 1,050,741.96 0.00 1,890,703.82 0.00
922,256.41 1,413,223.41 1,054,771.49 0.00 1,871,410.30 0.00
830,080.47 2,756,605.95 1,112,746.20 0.00 2,029,931.21 0.00
784,280.65 4,238,337.07 2,750,036.52 0.00 1,928,121.74 0.00
767,349.89 2,131,733.45 7,235,797.82 0.00 5,547,354.86 0.00
756,420.45 1,014,342.15 1,297,378.56 0.00 5,982,914.38 0.00
733,269.59 1,367,305.90 1,599,985.97 0.00 2,812,476.27 0.00
725,692.11 1,619,298.96 1,910,344.19 0.00 2,815,556.90 0.00
669,549.71 1,336,943.26 1,287,585.27 0.00 1,897,195.86 0.00
669,590.54 1,156,266.83 1,041,761.44 0.00 1,689,479.47 0.00
620,488.42 967,138.90 1,059,968.06 0.00 1,911,907.34 0.00
590,122.07 1,025,991.18 899,932.16 0.00 1,679,528.15 0.00
567,528.67 949,786.29 867,138.21 0.00 1,467,371.85 0.00
562,401.33 1,212,726.36 871,147.06 0.00 1,378,272.63 0.00
491,300.34 2,194,560.85 930,588.16 0.00 1,539,387.65 0.00
430,718.71 3,197,891.23 2,313,034.87 0.00 1,437,176.76 0.00
455,394.99 1,586,662.76 5,714,677.52 0.00 4,500,042.74 0.00
420,423.98 502,897.80 763,247.94 0.00 4,515,966.66 0.00
413,545.45 853,970.92 1,147,179.57 0.00 1,856,006.62 0.00
406,078.74 1,064,899.53 1,384,509.11 0.00 1,511,607.04 0.00
343,529.69 836,417.55 818,338.01 0.00 1,021,380.32 0.00
346,989.79 631,327.33 525,331.15 0.00 814,211.02 0.00
350,985.71 554,388.14 567,677.32 0.00 1,011,330.99 0.00
363,147.09 527,098.91 431,693.74 0.00 750,838.85 0.00
280,722.43 459,467.34 425,786.03 0.00 712,466.11 0.00
189,785.02 710,761.84 394,038.39 0.00 565,783.34 0.00
154,920.27 1,544,164.66 479,735.07 0.00 641,846.87 0.00
70,766.85 2,103,228.10 1,581,396.16 0.00 712,578.30 0.00
56,109.96 1,014,733.39 4,862,116.35 0.00 3,252,292.15 0.00
46,318.80 88,635.54 480,961.14 0.00 3,262,027.25 0.00
10,581.77 414,948.58 608,755.92 0.00 842,835.04 0.00
10,581.77 380,810.18 492,503.75 0.00 643,438.16 0.00
26,180.86 164,515.30 193,109.55 0.00 271,448.92 0.00
8,343.73 65,952.45 44,378.58 0.00 43,246.15 0.00
8,343.73 14,740.11 31,324.65 0.00 89,188.17 0.00
8,343.73 38,352.83 8,749.51 0.00 25,009.19 0.00
196,787.84 45,035.77 32,185.99 0.00 8,477.97 0.00
0.00 235,615.77 15,644.27 0.00 10,006.41 0.00
0.00 309,618.40 40,356.90 0.00 23,907.81 0.00
0.00 0.00 234,317.53 0.00 52,886.78 0.00
0.00 0.00 13,417.52 0.00 520,012.77 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 20,290.76 0.00
0.00 0.00 0.00 0.00 32,655.85 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------
Total Time Balance of Scheduled
Cash Flows 33,480,407.65 72,450,544.44 80,491,411.30 857,703.75 116,051,299.95 0.00
Page 1 of 12
<PAGE>
CASE EQUIPMENT LOAN TRUST 1999-B
$68,629,000 Class A-1 5.674% Asset Backed Notes due September 15, 2000
$300,000,000 Class A-2 6.330% Asset Backed Notes due October 15, 2003
$100,000,000 Class A-3 6.660% Asset Backed Notes due June 15, 2004
$182,371,000 Class A-4 6.900% Asset Backed Notes due June 15, 2006
$31,500,000 Class B 7.050% Asset Backed Notes due June 15, 2006
$17,500,000 7.050% Asset Backed Certificates
Prepared by Shawn Ostrowski (262) 636 - 5284 12/29/00
07:01 AM
Scheduled Payment Date 16-Dec-00
Actual Payment Date 18-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 31-Jul-99 31-Jul-99 05-Dec-00
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 33
PART I -- MONTHLY DATA INPUT
Receipts During the Period $18,735,672.87
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $18,735,672.87
Total Collection $18,735,672.87
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Reinvestment Income (including Pre-Funding Account, Spread
Account (and YSA if any)) $139,870.86
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $18,875,543.73
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $7,295,492.47
Scheduled Amounts 60 days or more past due $3,758,905.82
Net Losses on Liquidated Receivables $414,883.39
Number of Loans at Beginning of Period 18,144
Number of Loans at End of Period 17,854
Repossessed Equipment not Sold or Reassigned (Beginning) $2,033,339.60
Repossessed Equipment not Sold or Reassigned (End) $2,995,593.88
</TABLE>
Page 2 of 12
<PAGE>
<TABLE>
<S><C>
CASE EQUIPMENT LOAN TRUST 1999-B
$68,629,000 Class A-1 5.674% Asset Backed Notes due September 15, 2000
$300,000,000 Class A-2 6.330% Asset Backed Notes due October 15, 2003
$100,000,000 Class A-3 6.660% Asset Backed Notes due June 15, 2004
$182,371,000 Class A-4 6.900% Asset Backed Notes due June 15, 2006
$31,500,000 Class B 7.050% Asset Backed Notes due June 15, 2006
$17,500,000 7.050% Asset Backed Certificates
Actual Payment Date 18-Dec-00
Collection Period Begin Date 04-Nov-00
Collection Period End Date 05-Dec-00
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $440,333,455.40
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $120,647,449.91
A-3 Note Beginning Principal Balance $100,000,000.00
A-4 Note Beginning Principal Balance $182,371,000.00
B Note Beginning Principal Balance $19,815,005.49
Certificate Beginning Principal Balance $17,500,000.00
Total Principal Balance of Notes and Certificates (End of Period) $425,837,158.07
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $106,803,485.96
A-2 Note Pool Factor (End of Period) 0.3560116
A-3 Note Principal Balance (End of Period) $100,000,000.00
A-3 Note Pool Factor (End of Period) 1.0000000
A-4 Note Principal Balance (End of Period) $182,371,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $19,162,672.11
B Note Pool Factor (End of Period) 0.6083388
Certificate Principal Balance (End of Period) $17,500,000.00
Certificate Pool Factor (End of Period) 1.0000000
CONTRACT VALUE DECLINE $14,496,297.33
Pool Balance (Beg. of Collection Period) $440,333,455.40
Pool Balance (End of Collection Period) $425,837,158.07
Total Distribution Amount (TDA) $18,875,543.73
Total Collections and Investment Income for the Period $18,875,543.73
Negative Carry Amount $0.00
Principal Distribution Amount (PDA) $14,496,297.33
Principal Allocation to Notes and Certificates $14,496,297.33
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $13,843,963.95
A-3 Noteholders' Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount $0.00
B Noteholders' Principal Distributable Amount $652,333.38
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $2,562,690.73
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $636,415.30
Noteholders' Interest Distributable Amount applicable to A-3 Notes $555,000.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $1,048,633.25
Noteholders' Interest Distributable Amount applicable to B Notes $116,413.16
Certificateholders' Interest Distributable Amount $206,229.02
Spread Account
Beginning Spread Account Balance $12,288,706.34
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $2,022,618.02
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $14,000,005.12
Ending Spread Account Balance (after distributions) $14,000,005.12
Credit Enhancement 3.29%
Spread account % of Ending Pool Balance 3.29%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $7,295,492.47
as % of Ending Pool Balance 1.71%
Scheduled Amounts 60 days or more past due $3,758,905.82
as % of Ending Pool Balance 0.88%
Net Losses on Liquidated Receivables $414,883.39
as % of Ending Pool Balance 0.10%
Page 3 of 12
<PAGE>
PART III -- SERVICING CALCULATIONS 18-Dec-00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1A (Retail) Cutoff Pool 1B (FPL) Cutoff Pool 1A (Retail)
Wtd. Avg. APR 8.911% 8.911% 8.911%
Contract Value (Beg. of Collection Period), by origination pool $129,627,031.56
Contract Value (End of Collection Period), by origination pool $211,934,021.03 $35,325,733.39 $128,728,517.98
---------------- --------------- ----------------
Contract Value Decline $898,513.58
0.69%
Initial Pool Balance $700,000,255.78
Pool Balance (End of Collection Period) $425,837,158.07
Collections and Investment Income for the period $18,875,543.73
Negative Carry Amount $0.00
Total Distribution Amount (TDA) $18,875,543.73
One-Time adjustment to Dec-15-99 PDA
Principal Distribution Amount (PDA) $14,496,297.33
Initial B Percentage 4.500%
Unscheduled Principal (per pool) $0.00
Total Unscheduled Principal $77,788,473.39
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
A-1 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $14,496,297.33
A-2 Note Beginning Principal Balance $120,647,449.91
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 95.50%
A-2 Noteholders' Principal Distributable Amount $13,843,963.95
Principal Distribution Amount Remaining $652,333.38
A-3 Note Beginning Principal Balance $100,000,000.00
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution Amount 0.00%
A-3 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $652,333.38
A-4 Note Beginning Principal Balance $182,371,000.00
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $652,333.38
B Note Beginning Principal Balance $19,815,005.49
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Principal Distribution Amounts 4.50%
B Noteholders' Principal Distributable Amount $652,333.38
Principal Distribution Amount Remaining $0.00
Certificate Beginning Principal Balance $17,500,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amounts 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period 5.6740% $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 6.3300% $636,415.30
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $636,415.30
Interest Accrued on Class A-3 Notes this period 6.6600% $555,000.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $555,000.00
Interest Accrued on Class A-4 Notes this period 6.9000% $1,048,633.25
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $1,048,633.25
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $2,240,048.55
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $2,240,048.55
Interest Accrued on Class B Notes this period 7.0500% $116,413.16
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $116,413.16
Interest Accrued on Certificates this period 7.0500% $102,812.50
Certificateholders' Interest Carryover Shortfall (Previous Period) $102,812.50
Interest Due (in Arrears) on Above Shortfall $604.02
Certificateholders' Interest Distributable Amount $206,229.02
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1B (FPL) Pool 1C (Forestry) Pool 1D (Trucks)
Wtd. Avg. APR 8.911% 8.911% 8.911%
Contract Value (Beg. of Collection Period), by origination pool $23,294,918.15 $12,775,418.61 $30,664,386.66
Contract Value (End of Collection Period), by origination pool $10,632,127.42 $22,202,585.51 $29,789,101.96
--------------- --------------- ---------------
Contract Value Decline $12,662,790.73 ($9,427,166.90) $875,284.70
54.36% -73.79% 2.85%
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Amount
Total Distribution Amount (TDA)
One-Time adjustment to Dec-15-99 PDA
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool) $10,177,460.47 $0.00 $0.00
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 2A Pool 2B Pool 3
Wtd. Avg. APR 8.300% 8.300% 8.156%
Contract Value (Beg. of Collection Period), by origination pool $65,104,104.58 $1,723,343.22 $73,188,582.42
Contract Value (End of Collection Period), by origination pool $63,196,080.22 $69,629,919.35 $844,590.01
--------------- --------------- ------------
Contract Value Decline $1,908,024.36 ($67,906,576.13) $72,343,992.41
2.93% -3940.40% 98.85%
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Amount
Total Distribution Amount (TDA)
One-Time adjustment to Dec-15-99 PDA
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool) $0.00 $0.00 $67,611,012.92
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 4 Pool 5
Wtd. Avg. APR 8.506% 8.300%
Contract Value (Beg. of Collection Period), by origination pool $103,955,670.20 $0.00
Contract Value (End of Collection Period), by origination pool $100,814,235.62 $0.00
---------------- -----
Contract Value Decline $3,141,434.58 $0.00
3.02% #DIV/0!
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Amount
Total Distribution Amount (TDA)
One-Time adjustment to Dec-15-99 PDA
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool) $0.00 $0.00
Page 4 of 12
<PAGE>
3. ALLOCATION OF DISTRIBUTION AMOUNTS
A. TOTAL DISTRIBUTION AMOUNT (TDA) $18,875,543.73
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $500.00 $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $18,875,377.06
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $636,415.30
Noteholders' Interest applicable to A-2 Notes Paid this Period from TDA $636,415.30
Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to
A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $555,000.00
Noteholders' Interest applicable to A-3 Notes Paid this Period from TDA $555,000.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to
A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $1,048,633.25
Noteholders' Interest applicable to A-4 Notes Paid this Period from TDA $1,048,633.25
Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $2,240,048.55
Offered Noteholders' Interest Paid this Period from TDA $2,240,048.55
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $16,635,328.51
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to
B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class B Notes this period $116,413.16
Noteholders' Interest applicable to B Notes Paid this Period from TDA $116,413.16
Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to B Notes $0.00
Total Distribution Amount Remaining $16,518,915.35
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $16,518,915.35
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $13,843,963.95
A-2 Noteholders' Principal Distributable Amount Paid from TDA $13,843,963.95
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,674,951.40
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,674,951.40
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,674,951.40
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount $652,333.38
B Noteholders' Principal Distributable Amount Paid from TDA $652,333.38
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $2,022,618.02
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.50% 2.00% $0.00
Deposit to Yield Supplement Account (will be necessary only if required by rating agencies) $0.00
-----
Payment to Seller $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Seller) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5 of 12
<PAGE>
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 4.1876308%
Number of Days Remaining 0.00
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $0.00
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. RECONCILATION OF YIELD SUPPLEMENT ACCOUNT - ONLY NECESSARY IF REQUIRED BY RATING AGENCIES
Beginning Yield Supplement Account Balance $0.00
Deposit to Yield Supplement Account from Pre-Funding Account $0.00
Receivables Percentage 0.00%
Withdrawal of Yield Supplement Amount $0.00
Maximum Yield Supplement Amount $0.00
Required Yield Supplement Amount $0.00
Interim Yield Supplement Account Balance $0.00
Yield Supplement Amount Released to Seller $0.00
Ending Yield Supplement Account Balance $0.00
7. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $12,288,706.34
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $2,022,618.02
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-4 Notes $0.00
Remaining Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to B Notes $0.00
Remaining Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Remaining Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $14,311,324.36
Cumulative Realized Losses since 28-February-99 (Cut-off Date) $5,288,993.18
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period) + Repos at end of Collection Period $7,974,194.56
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? YES
60 day or > Delinquent Scheduled Amounts $3,758,905.82
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? YES
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $106,803,485.96
Preliminary A-3 Note Principal Balance (End of Period) $100,000,000.00
Preliminary A-4 Note Principal Balance (End of Period) $182,371,000.00
Preliminary B Note Principal Balance (End of Period) $19,162,672.11
Preliminary Total Principal Balance of Notes (End of Period) $408,337,158.07
Specified Spread Account Balance 14,000,005.12
Lesser of:
(a) 2.50% of the Initial Pool Balance during Pre-Fund, 2.0% T 2.50% 2.00% 14,000,005.12
(b) the Note Balance 408,337,158.07
Preliminary Spread Account Balance Remaining $14,311,324.36
Preliminary Excess Amount in Spread Account $311,319.24
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution $1,711,298.78
Spread Account Excess $311,319.24
release of required 50bp from Spread Account $0.00
Ending Spread Account Balance (after distributions) $14,000,005.12
Net Change in Spread Account Balance $1,711,298.78
6 of 12
<PAGE>
8. CERTIFICATE DISTRIBUTIONS AND SERVICING FEES
Total Excess Distribution Amount Remaining $311,319.24
Certificateholders' Interest Carryover Shortfall (Previous Period) $102,812.50
Interest Due (in Arrears) on Above Shortfall $604.02
Interest Accrued on Certificates this period $102,812.50
Certificateholders' Interest Paid from Excess Distribution $206,229.02
Preliminary Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $105,090.22
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount applicable to current period $0.00
Certificateholders' Principal Distributable Amount Paid from Excess Distrbution $0.00
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $105,090.22
Servicing Fee Shortfall (Previous Period) 1,021,655.71
Servicing Fees Accrued during this Period 1.00% $366,944.55
Servicing Fees Paid this Period Excess Distribution $105,090.22
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining $0.00
Servicing Fee Shortfall $1,283,510.05
Total Excess Distribution Amount Remaining $0.00
9. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $106,803,485.96
A-3 Note Principal Balance (End of Period) $100,000,000.00
A-4 Note Principal Balance (End of Period) $182,371,000.00
B Note Principal Balance (End of Period) $19,162,672.11
Certificate Principal Balance (End of Period) $17,500,000.00
Total Principal Balance of Notes and Certificates (End of Period) $425,837,158.07
A-1 Note Pool Factor (End of Period) $68,629,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $300,000,000.00 0.3560116
A-3 Note Pool Factor (End of Period) $100,000,000.00 1.0000000
A-4 Note Pool Factor (End of Period) $182,371,000.00 1.0000000
B Note Pool Factor (End of Period) $31,500,000.00 0.6083388
Certificate Pool Factor (End of Period) $17,500,000.00 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.6083388
Specified Spread Account Balance (after all distributions and adjustments) $14,000,005.12
Yield Supplement Account Balance (after alldistributions and adjustment): $0.00
</TABLE>
7 of 12
<PAGE>
<TABLE>
<S><C>
CASE EQUIPMENT LOAN TRUST 1999-B
STATEMENT TO NOTEHOLDERS
$68,629,000 Class A-1 5.674% Asset Backed Notes due September 15, 2000
$300,000,000 Class A-2 6.330% Asset Backed Notes due October 15, 2003
$100,000,000 Class A-3 6.660% Asset Backed Notes due June 15, 2004
$182,371,000 Class A-4 6.900% Asset Backed Notes due June 15, 2006
$31,500,000 Class B 7.050% Asset Backed Notes due June 15, 2006
$17,500,000 7.050% Asset Backed Certificates
Payment Date: 18-Dec-00
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $13,843,963.95
per $1,000 original principal amount: $46.15
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $652,333.38
per $1,000 original principal amount: $20.71
(f) Total $14,496,297.33
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $636,415.30
per $1,000 original principal amount: $2.12
(c) A-3 Notes: $555,000.00
per $1,000 original principal amount: $5.55
(d) A-4 Notes: $1,048,633.25
per $1,000 original principal amount: $5.75
(e) B Notes: $116,413.16
per $1,000 original principal amount: $3.70
(f) Total $2,356,461.71
(3) Pool Balance at the end of the related Collection Period $425,837,158.07
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $106,803,485.96
(ii) A-2 Note Pool Factor: 0.3560116
(c) (i) outstanding principal amount of A-3 Notes: $100,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $182,371,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $19,162,672.11
(ii) B Note Pool Factor: 0.6083388
(f) (i) Certificate Balance $17,500,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $105,090.22
per $1,0000 Beginning of Collection Period: 0.23866053
(6) Amount of Administration Fee: $166.67
per $1,0000 Beginning of Collection Period: 0.00037851
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the Collection Period: $414,883.39
(9) Amount in Spread Account: $14,000,005.12
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
Page 8 of 12
<PAGE>
=================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1999-B
STATEMENT TO CERTIFICATEHOLDERS
$68,629,000 Class A-1 5.674% Asset Backed Notes due September 15, 2000
$300,000,000 Class A-2 6.330% Asset Backed Notes due October 15, 2003
$100,000,000 Class A-3 6.660% Asset Backed Notes due June 15, 2004
$182,371,000 Class A-4 6.900% Asset Backed Notes due June 15, 2006
$31,500,000 Class B 7.050% Asset Backed Notes due June 15, 2006
$17,500,000 7.050% Asset Backed Certificates
Payment Date: 18-Dec-00
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $13,843,963.95
per $1,000 original principal amount: $46.15
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $652,333.38
per $1,000 original principal amount: $20.71
(f) Certificates: $0.00
per $1,000 original principal amount: $0.00
(g) Total: $14,496,297.33
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $636,415.30
per $1,000 original principal amount: $2.12
(c) A-3 Notes: $555,000.00
per $1,000 original principal amount: $5.55
(d) A-4 Notes: $1,048,633.25
per $1,000 original principal amount: $5.75
(e) B Notes: $116,413.16
per $1,000 original principal amount: $3.70
(f) Certificates: $206,229.02
per $1,000 original principal amount: $11.78
(g) Total: $2,562,690.73
(3) Pool Balance at end of related Collection Period: $425,837,158.07
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $106,803,485.96
(ii) A-2 Note Pool Factor: 0.3560116
(c) (i) outstanding principal amount of A-3 Notes: $100,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $182,371,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $19,162,672.11
(ii) B Note Pool Factor: 0.6083388
(f) (i) Certificate Balance $17,500,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $105,090.22
per $1,000 Beginning of Collection Period: 0.2386605
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0003785
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the Collection Period: $414,883.39
(9) Amount in Spread Account: $14,000,005.12
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
Page 9 of 12
<PAGE>
================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1999-B
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$68,629,000 Class A-1 5.674% Asset Backed Notes due September 15, 2000
$300,000,000 Class A-2 6.330% Asset Backed Notes due October 15, 2003
$100,000,000 Class A-3 6.660% Asset Backed Notes due June 15, 2004
$182,371,000 Class A-4 6.900% Asset Backed Notes due June 15, 2006
$31,500,000 Class B 7.050% Asset Backed Notes due June 15, 2006
$17,500,000 7.050% Asset Backed Certificates
Payment Date: 18-Dec-00
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $2,356,461.71
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $14,496,297.33
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $206,229.02
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(6) Payment of Servicing Fee to Servicer: $105,090.22
(7) Release to Seller from Excess Collections over Distributions $0.00
Check for Error NO ERROR
Sum of Above Distributions $17,164,244.95
Total Distribution Amount plus Releases to Seller $17,164,244.95
Page 10 of 12
<PAGE>
=================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1999-B
SERVICER'S CERTIFICATE
$68,629,000 Class A-1 5.674% Asset Backed Notes due September 15, 2000
$300,000,000 Class A-2 6.330% Asset Backed Notes due October 15, 2003
$100,000,000 Class A-3 6.660% Asset Backed Notes due June 15, 2004
$182,371,000 Class A-4 6.900% Asset Backed Notes due June 15, 2006
$31,500,000 Class B 7.050% Asset Backed Notes due June 15, 2006
$17,500,000 7.050% Asset Backed Certificates
Payment Date: 18-Dec-00
(1) Total Distribution Amount: $18,875,543.73
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $636,415.30
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $555,000.00
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $1,048,633.25
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to B Notes: $116,413.16
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $2,356,461.71
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $13,843,963.95
(19) % of Principal Distribution Amount applicable to A-2 Noteholders 95.50%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $13,843,963.95
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $0.00
(23) % of Principal Distribution Amount applicable to A-3 Noteholders 0.00%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $0.00
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $652,333.38
(31) % of Principal Distribution Amount applicable to B Noteholders 4.50%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $652,333.38
(34) Noteholders' Principal Distribution Amount: $14,496,297.33
(35) Noteholders' Distributable Amount: $16,852,759.04
(36) Deposit to Spread Account (from excess collections): $2,022,618.02
Page 11 of 12
<PAGE>
(37) Specified Spread Account Balance (after all distributions and adjustments): $14,000,005.12
The Lesser of:
(a) 2.00% of the Initial Pool Balance $14,000,005.12
(b) the Note Balance $408,337,158.07
(38) Spread Account Balance over the Specified Spread Account Balance: $311,319.24
(39) Certificateholders' Interest Distributable Amount: $206,229.02
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Principal Distribution Amount applicable to Certificat holders 0.00%
(42) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(43) Certificateholders' Principal Carryover Shortfall: $0.00
(44) Certificateholders' Principal Distributable Amount: $0.00
(45) Certificateholders' Distributable Amount: $206,229.02
(46) Servicing Fee: $105,090.22
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Excess Distributions $0.00
(b) Release of Excess Amount in Negative Carry Account $0.00
(c) Release of Excess Amount in Yield Supplement Account $0.00
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $440,333,455.40
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $106,803,485.96
A-2 Note Pool Factor: 0.3560116
Outstanding Principal Balance of A-3 Notes: $100,000,000.00
A-3 Note Pool Factor: 1.0000000
Outstanding Principal Balance of A-4 Notes: $182,371,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $19,162,672.11
B Note Pool Factor: 0.6083388
Outstanding Principal Balance of the Certificates: $17,500,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $414,883.39
(53) Spread Account Balance after giving effect to all distributions: $14,000,005.12
</TABLE>
Page 12 of 12
<PAGE>
<TABLE>
<S><C>
CNH EQUIPMENT TRUST 2000-A
$150,000,000 Class A-1 6.178% Asset Backed Notes due April 9, 2001
$360,000,000 Class A-2 6.800% Asset Backed Notes due August 15, 2003
$260,000,000 Class A-3 7.140% Asset Backed Notes due August 15, 2004
$311,000,000 Class A-4 7.340% Asset Backed Notes due February 15, 2007
$46,000,000 Class B 7.320% Asset Backed Notes due February 15, 2007
$23,000,000 7.320% Asset Backed Certificates
Prepared by: Shawn Ostrowski (262) - 636 - 5284
----------------------------------------------------------------
Cutoff Date 11/30/2000
----------------------------------------------------------------
----------------------------------------------------------------
Date Added 2/29/2000 2/29/2000 3/31/2000 3/31/2000
----------------------------------------------------------------
----------------------------------------------------------------
Pool POOL 1 POOL 2 POOL 3 POOL 4
----------------------------------------------------------------
Scheduled Cashflows 3,260,384.91 7,034,919.17 500,754.30 509,553.48
15,229,807.53 9,024,622.09 1,690,631.80 671,131.65
14,020,248.53 9,257,351.65 1,583,822.21 1,119,241.11
9,355,466.57 7,584,901.22 4,135,802.83 2,090,771.23
3,797,490.44 5,917,374.47 9,029,160.17 4,198,629.50
3,660,507.49 6,203,843.38 1,578,656.28 848,129.26
3,572,576.47 5,751,100.77 1,078,462.27 916,533.68
3,498,123.73 5,774,706.21 1,153,710.51 872,129.90
3,692,051.98 6,835,985.99 1,070,995.08 834,749.80
3,745,347.83 6,693,791.54 1,208,385.19 987,098.88
5,012,671.22 7,171,340.98 1,435,696.47 1,057,230.47
4,757,929.86 14,346,842.45 1,164,615.13 936,121.38
10,769,098.52 10,965,865.26 1,306,107.83 1,017,068.70
17,417,711.83 10,476,844.00 1,913,913.11 979,065.63
14,139,635.71 8,813,565.53 1,608,802.11 1,116,091.70
9,203,044.32 7,124,314.06 4,168,025.12 2,043,588.37
3,588,928.21 5,265,691.86 8,970,575.90 4,148,504.55
3,452,011.62 5,390,529.48 1,503,976.56 801,434.51
3,368,315.57 5,151,956.17 1,005,067.38 854,468.98
3,247,544.43 5,061,440.65 1,074,844.68 807,188.93
3,432,022.78 6,020,640.76 991,805.68 772,170.34
3,468,611.60 5,983,697.68 1,131,690.46 923,425.25
4,770,975.28 6,461,337.81 1,329,353.00 990,015.36
4,700,331.12 12,131,163.30 1,080,471.11 864,441.57
10,307,088.02 9,722,598.85 1,229,215.12 941,638.22
16,702,102.40 9,370,824.00 1,800,923.01 905,311.60
13,550,626.64 7,700,304.69 1,492,683.69 1,036,599.16
8,562,903.12 5,987,451.13 4,101,677.30 1,925,465.90
2,875,763.36 4,224,546.01 8,715,042.29 3,895,874.77
2,707,505.70 4,275,013.03 1,237,949.57 632,306.30
2,589,212.79 3,795,426.46 729,130.64 642,727.39
2,505,286.48 3,969,372.93 785,178.98 611,222.14
2,614,582.98 5,000,324.67 676,209.41 595,302.46
2,536,338.61 4,923,473.55 822,433.85 686,644.32
3,740,449.45 5,565,783.62 1,008,157.00 739,783.45
3,425,886.12 10,717,926.64 800,509.79 667,250.83
8,519,200.47 7,930,916.26 937,225.60 746,617.99
14,681,156.70 7,005,640.91 1,351,528.95 703,440.06
10,561,003.76 5,815,332.66 1,045,419.67 848,885.99
5,774,694.31 4,430,992.34 2,856,866.02 1,465,068.13
1,579,175.99 2,921,931.19 6,007,292.27 3,101,436.53
1,306,659.84 2,735,984.32 707,481.98 438,831.02
1,352,069.69 2,490,333.79 363,087.50 449,997.25
1,177,471.74 2,446,504.61 367,346.43 410,631.72
1,366,913.02 2,815,355.29 316,699.72 399,214.58
1,192,754.04 2,304,458.44 385,058.48 441,312.31
2,489,110.45 2,733,933.73 497,685.74 470,784.67
1,820,037.49 5,509,925.85 354,983.88 473,264.44
6,667,493.98 4,651,792.53 506,653.14 510,262.34
11,643,707.00 3,646,569.12 886,351.73 467,654.13
7,887,437.91 2,642,955.29 651,256.73 635,499.47
3,298,941.17 1,432,579.92 1,875,468.91 1,031,509.61
521,131.38 75,825.78 3,534,990.60 2,118,237.40
137,991.34 56,441.95 353,948.19 20,966.94
293,552.37 28,759.13 44,386.57 31,470.85
242,700.11 30,831.76 102,541.08 4,039.35
123,563.03 65,369.85 0.00 9,395.91
34,377.13 57,461.35 28,053.93 3,721.35
64,302.55 137,272.58 30,828.92 3,498.62
149,404.67 246,264.08 0.00 3,498.62
537,846.07 281,772.03 0.00 51,312.69
1,383,672.25 138,841.04 20,039.03 3,498.62
938,905.45 0.00 0.00 145,029.41
0.00 0.00 310,721.45 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
----------------------------------------------------------------
Total Amount of Scheduled Cashflow 313,023,857.13 318,330,917.86 98,650,352.35 58,627,990.77
Discount Rate 8.500% 8.500% 8.500% 8.500%
Beginning Contract Value 296,979,300.16 286,124,976.73 86,390,087.51 51,017,529.00
Scheduled Contract Value Decline 11,893,588.24 13,364,305.96 1,271,274.67 706,871.02
Unscheduled Contract Value Decline 18,063,668.39 (1,651,482.79) 682,087.39 362,864.67
Additional Contract Value Added 0.00 0.00 0.00 0.00
Ending Contract Value 267,022,043.53 274,412,153.55 84,436,725.44 49,947,793.31
-------------------------------------------------------------
Cutoff Date 11/30/2000
-------------------------------------------------------------
-------------------------------------------------------------
Date Added 4/30/2000 4/30/2000 5/31/2000 5/31/2000
-------------------------------------------------------------
-------------------------------------------------------------
Pool POOL 5 POOL 6 POOL 7 POOL 8
-------------------------------------------------------------
Scheduled Cashflows 561,363.37 553,676.91 361,982.05 233,072.19
1,728,628.21 986,305.67 1,357,906.64 352,548.36
1,526,392.35 1,214,704.20 1,401,908.03 536,873.31
1,178,055.34 932,062.49 968,049.46 524,329.97
5,858,162.89 3,462,161.74 1,264,237.96 634,510.32
9,520,039.21 3,057,025.28 3,956,242.80 1,459,424.21
1,323,217.00 837,040.56 4,369,039.01 1,982,534.63
1,273,653.31 838,765.74 1,149,142.00 499,402.86
1,270,827.26 939,462.52 980,596.67 542,964.07
1,265,721.98 876,421.60 1,168,195.43 537,375.45
1,557,862.54 991,775.89 1,365,447.77 552,611.75
1,624,607.39 1,104,496.04 1,057,707.39 643,090.43
1,456,621.47 892,019.86 1,331,077.31 640,380.74
2,112,798.73 1,176,109.01 1,632,557.65 542,664.41
1,512,326.62 1,019,455.63 1,441,137.75 556,499.65
1,187,229.52 928,832.40 951,509.27 532,628.94
5,890,061.70 3,431,724.08 1,256,410.63 633,970.39
9,440,104.86 2,786,556.20 3,802,841.02 1,426,126.98
1,241,561.92 792,132.24 4,263,334.24 1,921,222.08
1,189,364.63 789,541.47 1,042,095.59 472,655.99
1,184,737.15 888,360.12 869,926.39 514,100.37
1,171,976.09 813,042.25 1,035,227.10 507,896.00
1,462,196.36 934,972.96 1,249,557.31 524,703.96
1,537,378.38 1,047,236.69 931,933.41 600,015.91
1,369,731.05 806,774.63 1,195,733.65 602,825.74
1,825,258.08 1,068,113.26 1,494,706.45 501,926.58
1,421,438.54 984,009.29 1,325,601.61 517,449.72
1,107,813.52 878,640.15 830,347.23 504,280.45
5,848,210.63 3,337,908.37 1,130,816.62 605,275.99
9,258,076.55 2,574,231.75 3,500,461.35 1,338,359.88
923,316.45 585,064.95 3,920,654.18 1,784,354.93
834,783.96 578,288.10 802,645.07 351,462.21
823,802.56 680,199.41 609,210.85 389,112.69
757,963.84 615,219.90 640,394.65 387,170.57
1,051,746.63 682,398.15 899,660.54 400,294.20
1,007,064.04 788,698.16 682,029.30 456,681.99
977,465.95 600,066.84 834,999.16 435,482.18
1,269,674.21 842,004.19 1,128,959.25 378,230.31
1,050,110.48 756,664.95 1,001,204.27 381,222.58
774,524.76 689,030.40 591,945.83 369,327.37
3,826,769.23 2,442,218.90 803,698.23 471,151.97
6,273,578.52 1,907,256.84 2,527,027.33 970,898.16
461,611.60 371,566.54 2,559,380.28 1,358,763.97
422,425.78 363,606.16 471,215.22 234,345.83
396,106.16 423,778.47 282,724.98 269,371.25
368,481.90 369,371.53 265,464.40 257,801.65
609,411.17 482,001.89 547,126.63 278,094.02
527,547.24 594,341.30 378,413.96 275,517.23
513,366.38 375,709.82 412,287.34 292,597.25
1,667,431.20 553,758.02 1,037,017.37 239,709.54
630,225.19 480,511.86 750,225.75 251,380.73
344,065.93 427,713.04 230,034.60 241,571.72
2,596,471.64 1,777,065.31 482,211.04 352,366.05
3,818,819.06 1,105,919.87 1,473,350.05 615,086.06
100,184.14 16,675.71 1,503,991.65 898,681.74
48,341.81 3,840.43 176,398.66 3,025.02
23,915.87 14,632.79 11,798.56 9,098.73
0.00 2,480.93 6,029.67 25,115.31
90,206.96 1,572.90 217,254.11 21,462.84
0.00 1,572.90 17,883.27 961.94
12,195.22 1,572.90 22,797.42 871.38
30,558.23 498,425.40 6,029.67 871.38
10,850.26 86,959.58 32,432.97 871.38
0.00 65,690.94 6,029.67 871.38
684,095.54 0.00 21,104.15 115,023.16
0.00 0.00 157,112.08 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
-------------------------------------------------------------
Total Amount of Scheduled Cashflow 111,832,528.56 60,129,438.08 74,196,471.95 33,960,570.05
Discount Rate 8.500% 8.500% 8.500% 8.500%
Beginning Contract Value 96,118,662.91 52,142,193.11 63,978,308.35 29,302,505.32
Scheduled Contract Value Decline 1,257,933.79 691,654.91 1,156,549.07 395,773.47
Unscheduled Contract Value Decline (316,954.17) 291,227.94 (333,850.30) 155,811.66
Additional Contract Value Added 0.00 0.00 0.00 0.00
Ending Contract Value 95,177,683.29 51,159,310.25 63,155,609.59 28,750,920.19
2000-A Page 1
<PAGE>
=====================================================================================
CNH EQUIPMENT TRUST 2000-A
$150,000,000 Class A-1 6.178% Asset Backed Notes due April 9, 2001
$360,000,000 Class A-2 6.800% Asset Backed Notes due August 15, 2003
$260,000,000 Class A-3 7.140% Asset Backed Notes due August 15, 2004
$311,000,000 Class A-4 7.340% Asset Backed Notes due February 15, 2007
$46,000,000 Class B 7.320% Asset Backed Notes due February 15, 2007
$23,000,000 7.320% Asset Backed Certificates
Scheduled Payment Date 3/16/2000 12/15/2000
Actual Payment Date 3/16/2000 12/15/2000
Collection Period Begin Date 11/1/2000
Collection Period End Date 11/30/2000
Days in accrual period (30/360) 30
Days in accrual period (act/360) 30
COLLATERAL SUMMARY
Wtd. Average Discount Rate 8.500%
Beginning Contract Value 962,053,563.09
Scheduled Contract Value Decline 30,737,951.13
Unscheduled Contract Value Decline 17,253,372.80
Additional Contract Value Purchased 0.00
Ending Contract Value 914,062,239.16
Beginning Pre-funding Account Balance 0.00
Ending Pre-funding Account Balance 0.00
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) 962,053,563.09
Total Ending Balance (Pool Balance + Pre-funding Account Balance) 914,062,239.16
COLLATERAL PERFORMANCE
Scheduled Amounts 30 - 59 days past due $4,611,539.33 0.50%
Scheduled Amounts 60 days or more past due $819,568.68 0.09%
Net Losses on Liquidated Receivables $3,742.39 0.00%
Cumulative Net Losses $1,347,137.80
Number of Loans at Beginning of Period 42,003
Number of Loans at End of Period 41,227
Repossessed Equipment not Sold or Reassigned (Beginning) $1,484,470.40
Repossessed Equipment not Sold or Reassigned (End) $1,727,499.23
COLLECTIONS AND REINVESTMENT INCOME
Receipts During the period $60,101,401.69
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $60,101,401.69
Reinvestment Income (excluding Pre-funding Account) $291,573.77
Reinvestment Income on Pre-funding Account) $0.00
Total Collections + Reinvestment Income For The Period $60,392,975.46
2000-A Page 2
<PAGE>
===================================================================================
CNH EQUIPMENT TRUST 2000-A
$150,000,000 Class A-1 6.178% Asset Backed Notes due April 9, 2001
$360,000,000 Class A-2 6.800% Asset Backed Notes due August 15, 2003
$260,000,000 Class A-3 7.140% Asset Backed Notes due August 15, 2004
$311,000,000 Class A-4 7.340% Asset Backed Notes due February 15, 2007
$46,000,000 Class B 7.320% Asset Backed Notes due February 15, 2007
$23,000,000 7.320% Asset Backed Certificates
Actual Payment Date 12/15/2000
CACLULATION OF DISTRIBUTABLE AMOUNTS
Current Servicing Fee Due 1.000% $801,711.30
Past Due Servicing Fee $833,157.45
Total Servicing Fee Due $1,634,868.75
Current Administration Fee Due $500.00 $166.67
Past Due Administration Fee $0.00
Total Administration Fee Due $166.67
Total Principal Balance of Notes and Certificates (Beginning of Period) $962,053,563.09
A-1 notes Beginning Principal balance $0.00
A-2 notes Beginning Principal balance $329,571,420.57
A-3 notes Beginning Principal balance $311,000,000.00
A-4 notes Beginning Principal balance $260,000,000.00
B notes Beginning Principal balance $38,482,142.52
Certificate Beginning Principal balance $23,000,000.00
A-1 notes Current Interest Due 6.178% act/360 $0.00
A-2 notes Current Interest Due 6.800% 30/360 $1,867,571.38
A-3 notes Current Interest Due 7.140% 30/360 $1,547,000.00
A-4 notes Current Interest Due 7.340% 30/360 $1,902,283.33
B notes Current Interest Due 7.320% 30/360 $234,741.07
Certificate Current Interest Due 7.320% 30/360 $140,300.00
A-1 notes Past Due Interest $0.00
A-2 notes Past Due Interest $0.00
A-3 notes Past Due Interest $0.00
A-4 notes Past Due Interest $0.00
B notes Past Due Interest $0.00
Certificate Past Due Interest $140,300.00
A-1 notes Interest Due on Past Due Interest $0.00
A-2 notes Interest Due on Past Due Interest $0.00
A-3 notes Interest Due on Past Due Interest $0.00
A-4 notes Interest Due on Past Due Interest $0.00
B notes Interest Due on Past Due Interest $0.00
Certificate Interest Due on Past Due Interest $855.83
A-1 notes Total Interest Due $0.00
A-2 notes Total Interest Due $1,867,571.38
A-3 notes Total Interest Due $1,547,000.00
A-4 notes Total Interest Due $1,902,283.33
B notes Total Interest Due $234,741.07
Certificate Total Interest Due $281,455.83
A-1 notes Principal Due $0.00
A-2 notes Principal Due $46,071,670.98
A-3 notes Principal Due $0.00
A-4 notes Principal Due $0.00
Class B notes Principal Due $1,919,652.95
Certificate Principal Due $0.00
Total notes Interest Due $5,551,595.78
Total notes Principal Due $47,991,323.93
Total notes Distributable Amount $53,542,919.71
2000-A Page 3
<PAGE>
CNH Equipment Trust 2000-A
$150,000,000 Class A-1 6.178% Asset Backed Notes due April 9, 2001
$360,000,000 Class A-2 6.800% Asset Backed Notes due August 15, 2003
$260,000,000 Class A-3 7.140% Asset Backed Notes due August 15, 2004
$311,000,000 Class A-4 7.340% Asset Backed Notes due February 15, 2007
$46,000,000 Class B 7.320% Asset Backed Notes due February 15, 2007
$23,000,000 7.320% Asset Backed Certificates
Actual Payment Date 12/15/2000
CASH AVAILABLE FOR DISTRIBUTION
Total Collections + Reinvestment Income For The Period $60,392,975.46
Beginning Negitive Carry Account $0.00
Deposits from Negitive Carry Account to Distribution Account $0.00
Beginning Spread Account Balance $16,846,325.78
Additional Deposit to Spread Account from Pre-funding $0.00
Deposits from Spread Account to Distribution Account $0.00
Beginning Principal Supplement Account $0.00
Deposits from Principal Supplement Account to Distribution Account $0.00
Total Cash Available $60,392,975.46
CASH ALLOCATION (CASHFLOW WATERFALL) AVAILABLE
CASH
Is CNH the servicier YES
Servicing Fee Paid (If CNH is not the servicer) $0.00
Servicing Fee Shortfall $0.00
$60,392,975.46
Administration Fee Paid $166.67
Administration Fee Shortfall $0.00
$60,392,808.79
Class A-1 notes Interest Paid $0.00
Class A-2 notes Interest Paid $1,867,571.38
Class A-3 notes Interest Paid $1,547,000.00
Class A-4 notes Interest Paid $1,902,283.33
$55,075,954.08
Class A-1 notes Interest Shortfall $0.00
Class A-2 notes Interest Shortfall $0.00
Class A-3 notes Interest Shortfall $0.00
Class A-4 notes Interest Shortfall $0.00
Class B notes Interest Paid $234,741.07
Class B notes Interest Shortfall $0.00
$54,841,213.01
Class A-1 notes Principal Paid $0.00
Class A-2 notes Principal Paid $46,071,670.98
Class A-3 notes Principal Paid $0.00
Class A-4 notes Principal Paid $0.00
Class B notes Principal Paid $1,919,652.95
$6,849,889.08
Deposits to Spread Account $6,153,674.24
$696,214.84
Certificate Interest Paid $281,455.83
Certificate Interest Shortfall $0.00
$414,759.01
Certificate Principal Paid $0.00
$414,759.01
Total Principal Balance of Notes and Certificates (End of Period) $914,062,239.16
A-1 notes Ending Principal balance $0.00
A-2 notes Ending Principal balance $283,499,749.59
A-3 notes Ending Principal balance $260,000,000.00
A-4 notes Ending Principal balance $311,000,000.00
B notes Ending Principal balance $36,562,489.57
Certificate Ending Principal balance $23,000,000.00
Servicing Fee Paid (If CNH is the servicer) $414,759.01
Servicing Fee Shortfall $1,220,109.74
Release to Seller as Excess $0.00 $0.00
2000-A Page 4
===============================================================================================================
<PAGE>
CNH EQUIPMENT TRUST 2000-A
$150,000,000 Class A-1 6.178% Asset Backed Notes due April 9, 2001
$360,000,000 Class A-2 6.800% Asset Backed Notes due August 15, 2003
$260,000,000 Class A-3 7.140% Asset Backed Notes due August 15, 2004
$311,000,000 Class A-4 7.340% Asset Backed Notes due February 15, 2007
$46,000,000 Class B 7.320% Asset Backed Notes due February 15, 2007
$23,000,000 7.320% Asset Backed Certificates
Actual Payment Date 12/15/2000
SUMMARY AND FACTORS AMOUNT FACTOR PER/$1000
------ ------ ---------
Total Principal Balance of Notes and Certificates
(Beginning of Period) $962,053,563.09 0.8365683 $836.57
A-1 notes Beginning Principal balance $0.00 0.0000000 $0.00
A-2 notes Beginning Principal balance $329,571,420.57 0.9154762 $915.48
A-3 notes Beginning Principal balance $260,000,000.00 1.0000000 $1,000.00
A-4 notes Beginning Principal balance $311,000,000.00 1.0000000 $1,000.00
B notes Beginning Principal balance $38,482,142.52 0.8365683 $836.57
Certificate Beginning Principal balance $23,000,000.00 1.0000000 $1,000.00
Total Principal Balance of Notes and Certificates
(End of Period) $914,062,239.16 0.7948367 $794.84
A-1 notes Ending Principal balance $150,000,000.00 $0.00 0.0000000 $0.00
A-2 notes Ending Principal balance $360,000,000.00 $283,499,749.59 0.7874993 $787.50
A-3 notes Ending Principal balance $260,000,000.00 $260,000,000.00 1.0000000 $1,000.00
A-4 notes Ending Principal balance $311,000,000.00 $311,000,000.00 1.0000000 $1,000.00
B notes Ending Principal balance $46,000,000.00 $36,562,489.57 0.7948367 $794.84
Certificate Ending Principal balance $23,000,000.00 $23,000,000.00 1.0000000 $1,000.00
Class A-1 notes Interest Paid $0.00 0.0000000 $0.00
Class A-2 notes Interest Paid $1,867,571.38 0.0051877 $5.19
Class A-3 notes Interest Paid $1,547,000.00 0.0059500 $5.95
Class A-4 notes Interest Paid $1,902,283.33 0.0061167 $6.12
Class B notes Interest Paid $234,741.07 0.0051031 $5.10
Certificate Interest Paid $281,455.83 0.0122372 $12.24
Class A-1 notes Interest Shortfall $0.00 0.0000000 $0.00
Class A21 notes Interest Shortfall $0.00 0.0000000 $0.00
Class A-3 notes Interest Shortfall $0.00 0.0000000 $0.00
Class A-4 notes Interest Shortfall $0.00 0.0000000 $0.00
Class B notes Interest Shortfall $0.00 0.0000000 $0.00
Certificate Interest Shortfall $0.00 0.0000000 $0.00
Class A-1 notes Principal Paid $0.00 0.0000000 $0.00
Class A-2 notes Principal Paid $46,071,670.98 0.1279769 $127.98
Class A-3 notes Principal Paid $0.00 0.0000000 $0.00
Class A-4 notes Principal Paid $0.00 0.0000000 $0.00
Class B notes Principal Paid $1,919,652.95 0.0417316 $41.73
Certificate Principal Paid $0.00 0.0000000 $0.00
NEGITIVE CARRY ACCOUNT
Negitive Carry 4.493%
Negitive Carry Days Remaining 9/15/2000 0
Required Negitive Carry Account $0.00
Beginning Negitive Carry Account $0.00
Negitive Carry Account Withdrawls to Distribution Account $0.00
Negitive Carry Released to Seller $0.00
Ending Negitive Carry Account Balance $0.00
SPREAD ACCOUNT
Required Spread Account Balance 2.00% $23,000,000.02
Beginning Spread Account Balance $16,846,325.78
Additional Deposit to Spread Account from Pre-funding $0.00
Spread Account Withdrawls to Distribution Account $0.00
Spread Account Deposits from Excess Cash $6,153,674.24
Spread Account Released to Seller $0.00
Ending Spread Account Balance $23,000,000.02
PRINCIPAL SUPPLEMENT ACCOUNT
Required Principal Supplement Account Balance $0.00
Beginning Principal Supplement Account Balance $0.00
Additional Deposit to Principal Supplement Account from Pre-funding $0.00
Principal Supplement Account Withdrawls to Distribution Account $0.00
Principal Supplement Account Released to Seller $0.00
Ending Principal Supplement Account $0.00
PRE-FUNDING ACCOUNT
Beginning Pre-funding Account Balance $0.00
New Contract Value Purchased $0.00
Deposits to Spread Account $0.00
Deposits to Principal Supplement Account $0.00
Ending Pre-funding Account Balance $0.00
Release to seller $0.00
Total Release to Seller $414,925.68
</TABLE>
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