CATERPILLAR FINANCIAL FUNDING CORP
8-K, EX-99, 2000-06-19
ASSET-BACKED SECURITIES
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Mar00

STATEMENT TO CERTIFICATEHOLDER     EXHIBIT 99.1
       
ORIGINAL DEAL PARAMETERS      
Certificate Balance     $17,764,812.00
       
INPUTS FROM PREVIOUS PERIOD STATEMENT TO CERTIFICATEHOLDER      
Certificate Balance     $17,764,812.00
       
CALCULATION OF DISTRIBUTABLE AMOUNTS      
Deposit to Certificate Distribution Account from Collection Account plus     $0.00
Deposit to Certificate Distribution Account from Principal Distribution Account     $0.00
Deposit to Certificate Distribution Account from Reserve Account     $0.00
Total Deposit to Certificate Distribution Account     $0.00
       
DISTRIBUTIONS FROM CERTIFICATE DISTRIBUTION ACCOUNT      
1. Principal to Fixed Rate Certificateholders     $0.00
2. Any remaining amounts to the Seller     $0.00
       
SUMMARY OF DISTRIBUTIONS      
Certificates Principal Paid     $0.00
Ending Certificates Principal Balance     $17,764,812.00
       
Remaining amounts to the Seller     $0.00
       
       
       
STATEMENT TO NOTEHOLDERS     EXHIBIT 99.2
       
(i) Amount of principal being paid on Notes      
       
(a) Class A-1 Notes (CUSIP No. 149114 AZ3)     $13,982,503.91
per $1,000 original principal balance     $90.21
       
(b) Class A-2 Notes (CUSIP No. 149114 BA7)     $1,946,842.35
per $1,000 original principal balance     $15.57
       
(c) Class A-3 Notes (CUSIP No. 149114 BB5)     $0.00
per $1,000 original principal balance     $0.00
       
(d) Class B Notes (CUSIP No. 149114 BC3)     $0.00
per $1,000 original principal balance     $0.00
       
(f) Total     $15,929,346.26
       
(ii) Amount of interest being paid on Notes      
       
(a) Class A-1 Notes (CUSIP No. 149114 AZ3)     $60,429.66
per $1,000 original principal balance     $0.39
       
(b) Class A-2 Notes (CUSIP No. 149114 BA7)     $614,583.33
per $1,000 original principal balance     $4.92
       
(c) Class A-3 Notes (CUSIP No. 149114 BB5)     $1,395,000.00
per $1,000 original principal balance     $5.17
       
(d) Class B Notes (CUSIP No. 149114 BC 3)     $129,122.33
per $1,000 original principal balance     $5.46
       
(f) Total     $2,199,135.33
       
(iii) (a) Aggregate Contract Balance at end of related collection period     $436,193,553.43
(b)Note Value at end of related collection period     $434,473,969.65
       
(iv) After giving effect to distributions on this Distribution Date      
       
(a) (1) outstanding principal amount of Class A-1 Notes     $0.00
(2) Class A-1 Note Pool Factor     -
       
(b) (1) outstanding principal amount of Class A-2 Notes     $123,053,157.65
(2) Class A-2 Note Pool Factor     0.98
       
(c) (1) outstanding principal amount of Class A-3 Notes     $270,000,000.00
(2) Class A-3 Note Pool Factor     1.00
       
(d) (1) outstanding principal amount of Class B Notes     $23,656,000.00
(2) Class B Note Pool Factor     1.00
       
(v) Amount of Servicing Fee paid     $183,188.14
       
(vi) Aggregate Amount of Realized Losses for Collection Period     $129,054.43
       
(vii) Aggregate Purchase Amounts for Collection Period     $0.00
       
(viii) Balance of Reserve Account at end of related Collection Period     $7,392,760.00
       
(ix) Specified Reserve Account Balance at end of related Collection Period     $7,392,760.00
       
       
SERVICING REPORT     EXHIBIT 99.3
       
Distribution Date     April 25, 2000
Transaction Month     9
       
Collection Period Month Begin     March 1, 2000
Collection Period Month End     March 31, 2000
Previous Payment Date (or Closing Date)     March 27, 2000
Actual Days in Accrual Period     29
       
ORIGINAL DEAL PARAMETERS      
Initial Note Value     $591,420,812.00
Initial Aggregate Contract Balance     $593,653,284.55
Number of Contracts     6,786
Wtd. Avg. APR     7.11%
Wtd. Avg. Remaining Term     43
Annual Servicing Fee Rate     1.00%
Reserve Account Initial Deposit     $7,392,760.00
Class A-1 Note Original Principal Balance     $155,000,000.00
Class A-1 Note Rate     5.3650%
Class A-1 Note Final Scheduled Distribution Date     July 25, 2000
Class A-1 CUSIP Number     149114 AZ3
Class A-2 Note Original Principal Balance     $125,000,000.00
Class A-2 Note Rate     5.90%
Class A-2 Note Final Scheduled Distribution Date     March 25, 2002
Class A-2 CUSIP Number     149114 BA7
Class A-3 Note Original Principal Balance     $270,000,000.00
Class A-3 Note Rate     6.20%
Class A-3 Note Final Scheduled Distribution Date     April 26, 2004
Class A-3 CUSIP Number     149114 BB5
Class B Note Original Principal Balance     $23,656,000.00
Class B Note Rate     6.55%
Class B Note Final Scheduled Distribution Date     July 25, 2005
Class B CUSIP Number     149114 BC3
Certificate Balance     $17,764,812.00
       
INPUTS FROM PREVIOUS PERIOD SERVICER REPORT      
Note Value     $450,403,315.91
Aggregate Contract Balance     $452,029,599.48
Number of Contracts     6,333
Wtd. Avg. APR     7.10%
Wtd. Avg. Remaining Term     35
Reserve Account Balance     $7,392,760.00
Class A-1 Note Outstanding Principal Balance     $13,982,503.91
Class A-1 Note Interest Shortfall     $0.00
Class A-2 Note Outstanding Principal Balance     $125,000,000.00
Class A-2 Note Interest Shortfall     $0.00
Class A-3 Note Outstanding Principal Balance     $270,000,000.00
Class A-3 Note Interest Shortfall     $0.00
Class B Note Outstanding Principal Balance     $23,656,000.00
Class B Note Interest Shortfall     $0.00
Servicing Fee Shortfall     $113,392.48
       
CURRENT COLLECTION PERIOD ACTIVITY      
Total Interest Collections     $2,465,034.49
Total Principal Collections     $15,500,968.56
Residual Collections     $24.00
Warranty Repurchases Contracts     $0.00
Administrative Repurchases     $0.00
Liquidation Proceeds     $299,299.27
Reserve Account Reinvestment Income     $46,843.41
Total Available Amount     $18,312,169.73
       
Beginning Note Value     $450,403,315.91
Ending Note Value     $434,473,969.65
Beginning Aggregate Contract Balance     $452,029,599.48
Ending Aggregate Contract Balance     $436,193,553.43
Number of Contracts at Beginning of Period     6,333
Number of Contracts at End of Period     6,260
Wtd. Avg. APR     7.10%
Wtd. Avg. Remaining Term     34
Aggregate Scheduled Amounts 31-60 days past due     $3,904,657.20
Aggregate Scheduled Amounts 61 days or more past due     $5,153,977.21
Net Losses on Liquidated Receivables this Period     $129,054.43
Repossessed Equipment not Sold or Reassigned (Beginning)     $2,193,593.64
Repossessed Equipment not Sold or Reassigned (End)     $2,397,762.33
       
CALCULATION OF DISTRIBUTABLE AMOUNTS      
Servicing Fee Due     $488,728.58
Is CFSC or Affiliate Servicer (Yes / No)?     Yes
       
Administration Fee     $500.00
       
Class A-1 Noteholders' Monthly Interest Distributable Amount     $60,429.66
Class A-1 Noteholders' Interest Carryover Shortfall     $0.00
Class A-1 Noteholders' Interest Distributable Amount     $60,429.66
       
Class A-2 Noteholders' Monthly Interest Distributable Amount     $614,583.33
Class A-2 Noteholders' Interest Carryover Shortfall     $0.00
Class A-2 Noteholders' Interest Distributable Amount     $614,583.33
       
Class A-3 Noteholders' Monthly Interest Distributable Amount     $1,395,000.00
Class A-3 Noteholders' Interest Carryover Shortfall     $0.00
Class A-3 Noteholders' Interest Distributable Amount     $1,395,000.00
       
Class A Noteholders' Monthly Interest Distributable Amount     $2,070,013.00
Class A Noteholders' Interest Carryover Shortfall     $0.00
Class A Noteholders' Interest Distributable Amount     $2,070,013.00
       
First Priority Principal Distribution Amount     $0.00
       
Class B Noteholders' Monthly Interest Distributable Amount     $129,122.33
Class B Noteholders' Interest Carryover Shortfall     $0.00
Class B Noteholders' Interest Distributable Amount     $129,122.33
       
Second Priority Principal Distribution Amount     $0.00
       
Regular Principal Distribution Amount     $15,929,346.26
       
Total Required Payment     $2,199,135.33
       
Draw from Reserve Account     $0.00
       
Total Distribution Amount     $18,312,169.73
       
DISTRIBUTIONS FROM COLLECTION ACCOUNT      
1. Servicing Fee (if CFSC or Affiliate is NOT servicer)     $0.00
2. Administration Fee (if CFSC or Affiliate is NOT servicer)     $500.00
3. Class A Noteholders' Interest Distributable Amount to Class A Noteholders     $2,070,013.00
4. First Priority Principal Distribution Amount to Principal Distribution Account     $0.00
5. Class B Noteholders' Interest Distributable Amount to Class B Noteholders     $129,122.33
6. Second Priority Principal Distribution Amount to Principal Distribution Account     $0.00
7. Deposit to Reserve Account     $0.00
8. Regular Principal Distribution Amount to Principal Distribution Account     $15,929,346.26
9. Servicing Fee (if CFSC or Affiliate IS servicer)     $183,188.14
10. Deposit to Certificate Distribution Account     $0.00
       
DISTRIBUTIONS FROM PRINCIPAL DISTRIBUTION ACCOUNT      
1. Principal to Class A-1 Noteholders     $13,982,503.91
2. Principal to Class A-2 Noteholders     $1,946,842.35
3. Principal to Class A-3 Noteholders     $0.00
4. Principal to Class B Noteholders     $0.00
5. Deposit to Certificate Distribution Account     $0.00
       
RECONCILIATION OF RESERVE ACCOUNT      
Beginning Reserve Account Balance     $7,392,760.00
Draw from Reserve Account to cover shortfalls     $0.00
Interim Specified Reserve Account Balance     $7,392,760.00
Deposit to Reserve Account Needed     $0.00
Deposit to Reserve Account from Collection Account     $0.00
Specified Reserve Account Balance     $7,392,760.00
Reserve Account Release deposited into Certificate Distribution Account     $0.00
Ending Reserve Account Balance     $7,392,760.00
       
SUMMARY OF DISTRIBUTIONS      
Servicing Fee Paid to Servicer     $183,188.14
Servicing Fee Shortfall     $305,540.44
       
Class A-1 Interest Paid     $60,429.66
Class A-1 Interest Shortfall     $0.00
Class A-1 Principal Paid     $13,982,503.91
Ending Class A-1 Principal Balance     $0.00
       
Class A-2 Interest Paid     $614,583.33
Class A-2 Interest Shortfall     $0.00
Class A-2 Principal Paid     $1,946,842.35
Ending Class A-2 Principal Balance     $123,053,157.65
       
Class A-3 Interest Paid     $1,395,000.00
Class A-3 Interest Shortfall     $0.00
Class A-3 Principal Paid     $0.00
Ending Class A-3 Principal Balance     $270,000,000.00
       
Class B Interest Paid     $129,122.33
Class B Interest Shortfall     $0.00
Class B Principal Paid     $0.00
Ending Class B Principal Balance     $23,656,000.00
       
Deposit to Certificate Distribution Account     $0.00
       

Last Updated on 4/11/00
By cfs


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