| SUBORDINATED INTERESTS SERVICER REPORT |
|
|
EXHIBIT 99.1 |
| |
|
|
|
| ORIGINAL DEAL PARAMETERS |
|
|
|
| Certificate Balance |
|
|
$16,388,534.00 |
| YSA Regular Interest Principal Balance |
|
|
$2,339,486.00 |
| Reserve Regular Interest Principal Balance |
|
|
$7,570,982.00 |
| Component A-1 Notional Amount |
|
|
$164,000,000.00 |
| Component A-2 Notional Amount |
|
|
$218,000,000.00 |
| Component A-3 Notional Amount |
|
|
$183,114,000.00 |
| Component B Notional Amount |
|
|
$24,176,000.00 |
| |
|
|
|
| INPUTS FROM PREVIOUS PERIOD SUBORDINATED INTEREST SERVICER REPORT |
|
|
|
| Certificate Balance |
|
|
N/A |
| Fixed-Rate Certificates Interest Shortfall |
|
|
N/A |
| YSA Regular Interest Principal Balance |
|
|
N/A |
| YSA Regular Interest Interest Shortfall |
|
|
N/A |
| Reserve Regular Interest Principal Balance |
|
|
N/A |
| Reserve Regular Interest Interest Shortfall |
|
|
N/A |
| Component A-1 Notional Amount |
|
|
N/A |
| Component A-2 Notional Amount |
|
|
N/A |
| Component A-3 Notional Amount |
|
|
N/A |
| Component B Notional Amount |
|
|
N/A |
| Interest-Only Certificates Interest Shortfall |
|
|
N/A |
| Certificate Yield Supplement Account Balance |
|
|
N/A |
| |
|
|
|
| CALCULATION OF DISTRIBUTABLE AMOUNTS |
|
|
|
| Wtd. Avg. Net APR (by Adjusted Contract Balance) |
|
|
6.45% |
| |
|
|
|
| Fixed-Rate Certificate Rate |
|
|
6.45% |
| Fixed-Rate Certificateholders' Monthly Interest Distributable Amount |
|
|
$1,061,157.58 |
| Fixed-Rate Certificateholders' Interest Carryover Shortfall |
|
|
$892,612.80 |
| Fixed-Rate Certificateholders' Interest Distributable Amount |
|
|
$1,953,770.37 |
| |
|
|
|
| Yield Supplement Account Reinvestment Income |
|
|
$66,101.36 |
| YSA Regular Interest Rate |
|
|
5.17% |
| YSA Regular Interestholders' Monthly Interest Distributable Amount |
|
|
$66,101.36 |
| YSA Regular Interestholders' Interest Carryover Shortfall |
|
|
$51,565.27 |
| YSA Regular Interestholders' Interest Distributable Amount |
|
|
$117,666.63 |
| |
|
|
|
| Reserve Account Reinvestment Income |
|
|
$489,655.68 |
| Reserve Account Regular Interest Rate |
|
|
6.69% |
| Reserve Account Regular Interestholders' Monthly Interest Distributable Amount |
|
|
$489,655.68 |
| Reserve Account Regular Interestholders' Interest Carryover Shortfall |
|
|
$514,917.86 |
| Reserve Account Regular Interestholders' Interest Distributable Amount |
|
|
$1,004,573.54 |
| |
|
|
|
| Component A-1 Rate |
|
|
0.8125% |
| Component A-2 Rate |
|
|
0.7000% |
| Component A-3 Rate |
|
|
0.6000% |
| Component B Rate |
|
|
0.6000% |
| Interest-Only Certificateholders' Monthly Interest Distributable Amount |
|
|
$2,521,564.57 |
| Interest-Only Certificateholders' Interest Carryover Shortfall |
|
|
$21,415,327.58 |
| Interest-Only Certificateholders' Interest Distributable Amount |
|
|
$23,936,892.15 |
| |
|
|
|
| Deposit to Certificate Distribution Account from Collection Account plus |
|
|
|
| Certificate Yield Supplement Deposit Amount plus |
|
|
|
| Reinvestment Income on Certificate Yield Supplement Account |
|
|
$1,235,576.04 |
| Deposit to Certificate Distribution Account from Principal Distribution Account |
|
|
$0.00 |
| Deposit to Certificate Distribution Account from Yield Supplement Account |
|
|
$908,389.62 |
| Deposit to Certificate Distribution Account from Reserve Account |
|
|
$0.00 |
| Total Deposit to Certificate Distribution Account |
|
|
$2,143,965.67 |
| |
|
|
|
| DISTRIBUTIONS FROM CERTIFICATE DISTRIBUTION ACCOUNT |
|
|
|
| 1. Sub. Holders' Interest Distributable Amount for Fixed-Rate Certificates |
|
|
$620,032.87 |
| 2. Principal to Fixed Rate Certificateholders |
|
|
$0.00 |
| 3. Sub. Holders' Interest Distributable Amount for YSA Regular Interest |
|
|
$43,338.03 |
| 4. (x) Deposit to Certificate Yield Supplement Account |
|
|
$0.00 |
| 4. (y) Principal to YSA Regular Interestholders |
|
|
$908,389.62 |
| 5. Sub. Holders' Interest Distributable Amount for Reserve Regular Interest |
|
|
$275,454.70 |
| 6. Principal to Reserve Regular Interestholders |
|
|
$0.00 |
| 7. Sub. Holders' Interest Distributable Amount for Interest-Only Certificates |
|
|
$296,750.45 |
| 8. Deposit to the Collection Account |
|
|
$0.00 |
| 9. Any remaining amounts to the Residual Certificateholder |
|
|
$0.00 |
| |
|
|
|
| RECONCILIATION OF CERTIFICATE YIELD SUPPLEMENT ACCOUNT |
|
|
|
| Beginning Certificate Yield Supplement Account Balance |
|
|
$0.00 |
| Certificate Yield Supplement Account Requirement |
|
|
$0.00 |
| Deposit to Certificate Yield Supplement Account from Certificate Distribution Account |
|
|
$0.00 |
| Specified Certificate Yield Supplement Account Balance |
|
|
$0.00 |
| Certificate Yield Supplement Deposit Amount |
|
|
$0.00 |
| Certificate Yield Supplement Account Reinvestment Income |
|
|
$0.00 |
| Certificate Yield Supplement Account Release paid to YSA Regular Interest as Prin |
|
|
$0.00 |
| Ending Certificate Yield Supplement Account |
|
|
$0.00 |
| |
|
|
|
| SUMMARY OF DISTRIBUTIONS |
|
|
|
| Fixed-Rate Certificates Interest Paid |
|
|
$620,032.87 |
| Fixed-Rate Certificates Interest Shortfall |
|
|
$1,333,737.50 |
| Fixed-Rate Certificates Principal Paid |
|
|
$0.00 |
| Ending Fixed-Rate Certificates Principal Balance |
|
|
$16,388,534.00 |
| |
|
|
|
| YSA Regular Interest Interest Paid |
|
|
$43,338.03 |
| YSA Regular Interest Interest Shortfall |
|
|
$74,328.61 |
| YSA Regular Interest Principal Paid |
|
|
$908,389.62 |
| Ending YSA Regular Interest Principal Balance |
|
|
$794,894.94 |
| |
|
|
|
| Reserve Regular Interest Interest Paid |
|
|
$275,454.70 |
| Reserve Regular Interest Interest Shortfall |
|
|
$729,118.84 |
| Reserve Regular Interest Principal Paid |
|
|
$0.00 |
| Ending Reserve Regular Interest Principal Balance |
|
|
$7,570,982.00 |
| |
|
|
|
| Interest-Only Certificates Interest Paid |
|
|
$296,750.45 |
| Interest-Only Certificates Interest Shortfall |
|
|
$23,640,141.70 |
| Ending Interest-Only Certificates Notional Balance |
|
|
$373,462,688.53 |
| |
|
|
|
| Distributions to Residual Interest |
|
|
$0.00 |
| |
|
|
|
| STATEMENT TO NOTEHOLDERS |
|
|
EXHIBIT 99.2 |
| |
|
|
|
| (i) Amount of principal being paid on Notes |
|
|
|
| |
|
|
|
| (a) Class A-1 Notes (CUSIP No. 149114AV2) |
|
|
$50,604,904.68 |
| per $1,000 original principal balance |
|
|
$308.5665 |
| |
|
|
|
| (b) Class A-2 Notes (CUSIP No. 149114AW0) |
|
|
$165,222,406.79 |
| per $1,000 original principal balance |
|
|
$757.9009 |
| |
|
|
|
| (c) Class A-3 Notes (CUSIP No. 149114AX8) |
|
|
$0.00 |
| per $1,000 original principal balance |
|
|
$0.0000 |
| |
|
|
|
| (d) Class B Notes (CUSIP No. 149114AY6) |
|
|
$0.00 |
| per $1,000 original principal balance |
|
|
$0.0000 |
| |
|
|
|
| (f) Total |
|
|
$215,827,311.47 |
| |
|
|
|
| (ii) Amount of interest being paid on Notes |
|
|
|
| |
|
|
|
| (a) Class A-1 Notes (CUSIP No. 149114AV2) |
|
|
$464,874.11 |
| per $1,000 original principal balance |
|
|
$2.8346 |
| |
|
|
|
| (b) Class A-2 Notes (CUSIP No. 149114AW0) |
|
|
$9,095,454.55 |
| per $1,000 original principal balance |
|
|
$41.7223 |
| |
|
|
|
| (c) Class A-3 Notes (CUSIP No. 149114AX8) |
|
|
$10,712,169.00 |
| per $1,000 original principal balance |
|
|
$58.5000 |
| |
|
|
|
| (d) Class B Notes (CUSIP No. 149114AY6) |
|
|
$1,414,296.00 |
| per $1,000 original principal balance |
|
|
$58.5000 |
| |
|
|
|
| (f) Total |
|
|
$21,686,793.67 |
| |
|
|
|
| (iii) Pool Balance at end of related collection period |
|
|
$276,456,127.21 |
| |
|
|
|
| (iv) After giving effect to distributions on this Distribution Date |
|
|
|
| |
|
|
|
| (a) (1) outstanding principal amount of Class A-1 Notes |
|
|
$113,395,095.32 |
| (2) Class A-1 Note Pool Factor |
|
|
0.6914335 |
| |
|
|
|
| (b) (1) outstanding principal amount of Class A-2 Notes |
|
|
$52,777,593.21 |
| (2) Class A-2 Note Pool Factor |
|
|
0.2420991 |
| |
|
|
|
| (c) (1) outstanding principal amount of Class A-3 Notes |
|
|
$183,114,000.00 |
| (2) Class A-3 Note Pool Factor |
|
|
1.0000000 |
| |
|
|
|
| (d) (1) outstanding principal amount of Class B Notes |
|
|
$24,176,000.00 |
| (2) Class B Note Pool Factor |
|
|
1.0000000 |
| |
|
|
|
| (v) Amount of Servicing Fee paid |
|
|
$3,677,021.21 |
| |
|
|
|
| (vi) Aggregate Amount of Realized Losses for Collection Period |
|
|
$1,802,524.88 |
| |
|
|
|
| (vii) Aggregate Purchase Amounts for Collection Period |
|
|
$0.00 |
| |
|
|
|
| (viii) Balance of the Reserve Account at end of related Collection Period |
|
|
$7,570,982.00 |
| |
|
|
|
| (ix) Specified Reserve Account Balance at end of related Collection Period |
|
|
$7,570,982.00 |
| |
|
|
|
| (x) Balance of the Yield Supplement Account at end of related Collection Period |
|
|
$794,894.94 |
| |
|
|
|
| (xi) Specified Yield Supplement Account Balance at end of related Collection Period |
|
|
$794,894.94 |
| |
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| Caterpillar Financial Asset Trust 1998-A |
|
|
|
| SERVICING REPORT |
|
|
|
| |
|
|
|
| Distribution Date |
|
|
1999 YEAR END |
| |
|
|
|
| |
|
|
|
| Collection Period Month Begin |
|
|
|
| Collection Period Month End |
|
|
YEAR END STATEMENT |
| Previous Payment Date (or Closing Date) |
|
|
AS OF 12/31/99 |
| Actual Days in Accrual Period |
|
|
|
| |
|
|
|
| ORIGINAL DEAL PARAMETERS |
|
|
|
| Original Pool Balance |
|
|
$605,678,534.22 |
| Number of Contracts |
|
|
8,218 |
| Wtd. Avg. APR |
|
|
7.53% |
| Wtd. Avg. Remaining Term |
|
|
41 |
| Annual Servicing Fee Rate |
|
|
1.00% |
| Reserve Account Initial Deposit |
|
|
$7,570,982.00 |
| Yield Supplement Account Deposit |
|
|
$2,339,486.00 |
| Class A-1 Note Original Principal Balance |
|
|
$164,000,000.00 |
| Class A-1 Note Rate |
|
|
5.6375% |
| Class A-1 Note Final Scheduled Distribution Date |
|
|
July 26, 1999 |
| Class A-1 CUSIP Number |
|
|
149114AV2 |
| Class A-2 Note Original Principal Balance |
|
|
$218,000,000.00 |
| Class A-2 Note Rate |
|
|
5.75% |
| Class A-2 Note Final Scheduled Distribution Date |
|
|
September 25, 2001 |
| Class A-2 CUSIP Number |
|
|
149114AW0 |
| Class A-3 Note Original Principal Balance |
|
|
$183,114,000.00 |
| Class A-3 Note Rate |
|
|
5.85% |
| Class A-3 Note Final Scheduled Distribution Date |
|
|
April 25, 2003 |
| Class A-3 CUSIP Number |
|
|
149114AX8 |
| Class B Note Original Principal Balance |
|
|
$24,176,000.00 |
| Class B Note Rate |
|
|
5.85% |
| Class B Note Final Scheduled Distribution Date |
|
|
July 26, 2004 |
| Class B CUSIP Number |
|
|
149114AY6 |
| Certificate Balance |
|
|
$16,388,534.00 |
| Required Rate |
|
|
6.85% |
| |
|
|
|
| INPUTS FROM PREVIOUS PERIOD SERVICER REPORT |
|
|
|
| Pool Balance |
|
|
N/A |
| Number of Contracts |
|
|
N/A |
| Wtd. Avg. APR |
|
|
N/A |
| Wtd. Avg. Remaining Term |
|
|
N/A |
| Reserve Account Balance |
|
|
N/A |
| Yield Supplement Account Balance |
|
|
N/A |
| Class A-1 Note Outstanding Principal Balance |
|
|
N/A |
| Class A-1 Note Interest Shortfall |
|
|
N/A |
| Class A-2 Note Outstanding Principal Balance |
|
|
N/A |
| Class A-2 Note Interest Shortfall |
|
|
N/A |
| Class A-3 Note Outstanding Principal Balance |
|
|
N/A |
| Class A-3 Note Interest Shortfall |
|
|
N/A |
| Class B Note Outstanding Principal Balance |
|
|
N/A |
| Class B Note Interest Shortfall |
|
|
N/A |
| Servicing Fee Shortfall |
|
|
N/A |
| |
|
|
|
| CURRENT COLLECTION PERIOD ACTIVITY |
|
|
|
| Total Interest Collections |
|
|
$27,833,235.76 |
| Yield Supplement Deposit Amount |
|
|
$12,923.01 |
| Total Principal Collections |
|
|
$207,506,994.57 |
| Residual Collections |
|
|
$2,174,437.26 |
| Warranty Repurchases Contracts |
|
|
$0.00 |
| Administrative Repurchases |
|
|
$0.00 |
| Liquidation Proceeds |
|
|
$4,343,354.76 |
| Reserve Account Reinvestment Income |
|
|
$489,655.68 |
| Yield Supplement Account Reinvestment Income |
|
|
$66,101.36 |
| Previous Period Deposit from Certificate Distribution Account |
|
|
$0.00 |
| Total Available Amount |
|
|
$242,426,702.40 |
| |
|
|
|
| Beginning Pool Balance |
|
|
$492,283,438.68 |
| Ending Pool Balance |
|
|
$276,456,127.21 |
| Number of Contracts at Beginning of Period |
|
|
7,836 |
| Number of Contracts at End of Period |
|
|
6,350 |
| Wtd. Avg. APR |
|
|
7.45% |
| Wtd. Avg. Remaining Term |
|
|
26 |
| Aggregate Scheduled Amounts 31-60 days past due |
|
|
$2,731,688.39 |
| Aggregate Scheduled Amounts 61 days or more past due |
|
|
$2,650,814.18 |
| Net Losses on Liquidated Receivables this Period |
|
|
$1,802,524.88 |
| Repossessed Equipment not Sold or Reassigned (Beginning) |
|
|
$1,682,446.32 |
| Repossessed Equipment not Sold or Reassigned (End) |
|
|
$1,237,880.71 |
| Specified Yield Supplement Account Balance |
|
|
$794,894.94 |
| |
|
|
|
| CALCULATION OF DISTRIBUTABLE AMOUNTS |
|
|
|
| Servicing Fee Due |
|
|
$4,718,894.27 |
| Is CFSC or Affiliate Servicer? |
|
|
Yes |
| |
|
|
|
| Class A-1 Noteholders' Monthly Interest Distributable Amount |
|
|
$464,874.11 |
| Class A-1 Noteholders' Interest Carryover Shortfall |
|
|
$0.00 |
| Class A-1 Noteholders' Interest Distributable Amount |
|
|
$464,874.11 |
| |
|
|
|
| Class A-2 Noteholders' Monthly Interest Distributable Amount |
|
|
$9,095,454.55 |
| Class A-2 Noteholders' Interest Carryover Shortfall |
|
|
$0.00 |
| Class A-2 Noteholders' Interest Distributable Amount |
|
|
$9,095,454.55 |
| |
|
|
|
| Class A-3 Noteholders' Monthly Interest Distributable Amount |
|
|
$10,712,169.00 |
| Class A-3 Noteholders' Interest Carryover Shortfall |
|
|
$0.00 |
| Class A-3 Noteholders' Interest Distributable Amount |
|
|
$10,712,169.00 |
| |
|
|
|
| Class A Noteholders' Monthly Interest Distributable Amount |
|
|
$20,272,497.67 |
| Class A Noteholders' Interest Carryover Shortfall |
|
|
$0.00 |
| Class A Noteholders' Interest Distributable Amount |
|
|
$20,272,497.67 |
| |
|
|
|
| First Priority Principal Distribution Amount |
|
|
$0.00 |
| |
|
|
|
| Class B Noteholders' Monthly Interest Distributable Amount |
|
|
$1,414,296.00 |
| Class B Noteholders' Interest Carryover Shortfall |
|
|
$0.00 |
| Class B Noteholders' Interest Distributable Amount |
|
|
$1,414,296.00 |
| |
|
|
|
| Second Priority Principal Distribution Amount |
|
|
$23,084,902.52 |
| |
|
|
|
| Regular Principal Distribution Amount |
|
|
$192,815,442.63 |
| |
|
|
|
| Total Required Payment |
|
|
$44,771,696.19 |
| |
|
|
|
| Draw from Reserve Account |
|
|
$0.00 |
| Draw from Yield Supplement Account |
|
|
$0.00 |
| |
|
|
|
| Total Distribution Amount |
|
|
$242,426,702.40 |
| |
|
|
|
| DISTRIBUTIONS FROM COLLECTION ACCOUNT |
|
|
|
| 1. Servicing Fee (if CFSC or Affiliate is NOT servicer) |
|
|
$0.00 |
| 2. Class A Noteholders' Interest Distributable Amount to Class A Noteholders |
|
|
$20,272,497.67 |
| 3. First Priority Principal Distribution Amount to Principal Distribution Account |
|
|
$0.00 |
| 4. Class B Noteholders' Interest Distributable Amount to Class B Noteholders |
|
|
$1,414,296.00 |
| 5. Second Priority Principal Distribution Amount to Principal Distribution Account |
|
|
$23,084,902.52 |
| 6. Deposit to Yield Supplement Account |
|
|
$0.00 |
| 7. Deposit to Reserve Account |
|
|
$0.00 |
| 8. Regular Principal Distribution Amount to Principal Distribution Account |
|
|
$192,742,408.95 |
| 9. Servicing Fee (if CFSC or Affiliate IS servicer) |
|
|
$3,677,021.21 |
| 10. Deposit to Certificate Distribution Account |
|
|
$1,235,576.04 |
| |
|
|
|
| DISTRIBUTIONS FROM PRINCIPAL DISTRIBUTION ACCOUNT |
|
|
|
| 1. Principal to Class A-1 Noteholders |
|
|
$50,604,904.68 |
| 2. Principal to Class A-2 Noteholders |
|
|
$165,222,406.79 |
| 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 |
|
|
$7,570,982.00 |
| Draw from Reserve Account to cover shortfalls |
|
|
$0.00 |
| Interim Specified Reserve Account Balance |
|
|
$90,851,784.00 |
| Deposit to Reserve Account Needed |
|
|
$0.00 |
| Deposit to Reserve Account from Collection Account |
|
|
$0.00 |
| Specified Reserve Account Balance |
|
|
$7,570,982.00 |
| Reserve Account Release deposited into Certificate Distribution Account |
|
|
$0.00 |
| Ending Reserve Account Balance |
|
|
$7,570,982.00 |
| |
|
|
|
| RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT |
|
|
|
| Beginning YSA Balance |
|
|
$2,339,486.00 |
| Beginning Adjusted Pool Balance |
|
|
$492,283,438.68 |
| Yield Supplement Deposit Amount |
|
|
$12,923.01 |
| Draw from Yield Supplement Account to cover shortfalls |
|
|
$0.00 |
| Specified Yield Supplement Account Balance |
|
|
$794,894.94 |
| Deposit to Yield Supplement Account Needed |
|
|
$0.00 |
| Deposit to Yield Supplement Account from Collection Account |
|
|
$0.00 |
| Yield Supplement Account Release deposited into Certificate Distribution Account |
|
|
$1,531,668.05 |
| Ending Yield Supplement Account Balance |
|
|
$794,894.94 |
| |
|
|
|
| SUMMARY OF DISTRIBUTIONS |
|
|
|
| Servicing Fee Paid to Servicer |
|
|
$3,677,021.21 |
| Servicing Fee Shortfall |
|
|
$1,041,873.05 |
| |
|
|
|
| Class A-1 Interest Paid |
|
|
$464,874.11 |
| Class A-1 Interest Shortfall |
|
|
$0.00 |
| Class A-1 Principal Paid |
|
|
$50,604,904.68 |
| Ending Class A-1 Principal Balance |
|
|
$113,395,095.32 |
| |
|
|
|
| Class A-2 Interest Paid |
|
|
$9,095,454.55 |
| Class A-2 Interest Shortfall |
|
|
$0.00 |
| Class A-2 Principal Paid |
|
|
$165,222,406.79 |
| Ending Class A-2 Principal Balance |
|
|
$52,777,593.21 |
| |
|
|
|
| Class A-3 Interest Paid |
|
|
$10,712,169.00 |
| Class A-3 Interest Shortfall |
|
|
$0.00 |
| Class A-3 Principal Paid |
|
|
$0.00 |
| Ending Class A-3 Principal Balance |
|
|
$183,114,000.00 |
| |
|
|
|
| Class B Interest Paid |
|
|
$1,414,296.00 |
| Class B Interest Shortfall |
|
|
$0.00 |
| Class B Principal Paid |
|
|
$0.00 |
| Ending Class B Principal Balance |
|
|
$24,176,000.00 |
| |
|
|
|
| Deposit to Certificate Distribution Account |
|
|
$2,767,244.10 |
| |
|
|
|
