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Previous: HOUSEHOLD FINANCE CORP HOUSEHOLD CONSUMER LN TRUST 1995-1 /, 8-K, 2000-11-20 |
Next: CHECKFREE CORP GA, S-8, 2000-11-20 |
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Household Consumer Loan Trust, Series 1995-1 Deposit Trust Calculations |
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Previous Due Period Ending |
Sep 30, 2000 |
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Current Due Period Ending |
Oct 31, 2000 |
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Prior Distribution Date |
Oct 13, 2000 |
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Distribution Date |
Nov 14, 2000 |
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Beginning Trust Principal Receivables |
3,747,215,208.00 |
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Average Principal Receivables |
3,747,062,935.87 |
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FC&A Collections (Includes Recoveries) |
63,208,517.86 |
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Principal Collections |
103,775,791.01 |
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Additional Balances |
44,214,497.95 |
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Net Principal Collections |
59,561,293.06 |
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Defaulted Amount |
23,009,507.06 |
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Miscellaneous Payments |
0.00 |
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Principal Recoveries |
2,155,589.00 |
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Beginning Participation Invested Amount |
253,400,430.96 |
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Beginning Participation Unpaid Principal Balance |
253,400,430.96 |
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Ending Participation Invested Amount |
244,566,503.14 |
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Ending Participation Unpaid Principal Balance |
244,566,503.14 |
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Accelerated Amortization Date |
Aug 31, 2000 |
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Is it the Accelerated Amortization Period? 0=No |
1 |
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OC Balance as % of Ending Participation Invested Amount (3 month average) |
9.521% |
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Is it Early Amortization? (No, if 3 month OC Average >or=4.25%) 0=No |
0 |
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Investor Finance Charges and Administrative Collections |
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Numerator for Floating Allocation |
253,400,430.96 |
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Numerator for Fixed Allocation |
262,784,453.36 |
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Denominator - Max(Sum of Numerators, Principal Receivables) |
3,747,062,935.87 |
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Applicable Allocation Percentage |
6.7626% |
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Investor FC&A Collections |
4,274,565.42 |
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Series Participation Interest Default Amount |
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Numerator for Floating Allocation |
253,400,430.96 |
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Denominator - Max(Sum of Numerators, Principal Receivables) |
3,747,062,935.87 |
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Floating Allocation Percentage |
6.7626% |
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Series Participation Interest Default Amount |
1,556,050.46 |
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Principal Allocation Components |
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Numerator for Floating Allocation |
253,400,430.96 |
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Numerator for Fixed Allocation |
262,784,453.36 |
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Denominator - Max(Sum of Numerators, Principal Receivables) |
3,747,062,935.87 |
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Series Participation Interest Monthly Interest |
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(a) Series Participation Interest Pass Through Rate, [Max(b,c)] |
8.0000% |
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(b) Prime Rate minus 1.50% |
8.0000% |
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(c) Rate Sufficient to Cover Interest, Yield and Accelerated Principal Pmt Amount |
6.2127% |
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(d) Series Participation Interest Unpaid Principal Balance |
253,400,430.96 |
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(e) Actual days in the Interest Period |
32 |
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Series Participation Monthly Interest, [a*d*e] |
1,801,958.62 |
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Series Participation Interest Interest Shortfall |
0.00 |
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Previous Series Participation Interest Interest Shortfall |
0.00 |
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Additional Interest |
0.00 |
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Series Participation Interest Monthly Principal |
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Available Investor Principal Collections, [a+m+n] |
8,833,927.82 |
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(a) Investor Principal Collections, [Max(b,h) or e] |
7,277,877.36 |
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(b) prior to Accelerated Amort. Date or not Early Amort. Period, [c*d] |
4,027,916.69 |
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(c) Floating Allocation Percentage |
6.7626% |
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(d) Net Principal Collections |
59,561,293.06 |
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(e) after Accelerated Amort Date or Early Amort Period, [f*g] |
7,277,877.36 |
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(f) Fixed Allocation Percentage |
7.0131% |
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(g) Collections of Principal |
103,775,791.01 |
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(h) Minimum Principal Amount, [Min(i,l)] |
3,005,157.30 |
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(i) Floating Allocation Percentage of Principal Collections |
7,017,984.65 |
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(j) 1.8% of the Series Participation Interest Invested Amount |
4,561,207.76 |
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(k) Series Participation Interest Net Default Payment Amount |
1,556,050.46 |
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(l) the excess of (j) over (k) |
3,005,157.30 |
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(m) Series Participation Interest Net Default Payment Amount |
1,556,050.46 |
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(n) Optional Repurchase Amount (principal only) at Sec. 9 |
0.00 |
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Application of Investor Finance Charges and Admin Collections |
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Investor Finance Charges and Admin. Collections [Sec. 4.11(a)] |
4,274,565.42 |
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Series Servicing Fee paid if HFC is not the Servicer [Sec. 4.11(a)(i)] |
0.00 |
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plus any unpaid Series Servicing Fee of other than HFC |
0.00 |
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Series Participation Interest Monthly Interest [Sec. 4.11(a)(ii)] |
1,801,958.62 |
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Series Participation Interest Interest Shorfall [Sec. 4.11(a)(ii)] |
0.00 |
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Additional Interest [Sec. 4.11(a)(ii)] |
0.00 |
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Series Participation Interest Default Amount [Sec. 4.11(a)(iii)] |
1,556,050.46 |
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Reimbursed Series Participation Interest Charge-Offs [Sec. 4.11(a)(iv)] |
0.00 |
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Servicing Fee Paid [Sec. 4.11(a)(v)] |
422,334.05 |
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Excess [Sec. 4.11(a)(vi)] |
494,222.29 |
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Series Participation Investor Charge Off [Sec. 4.12(a)] |
0.00 |
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Seller's Interest |
1,322,931,298.30 |
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Series 1995-1 Owner Trust Calculations |
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Due Period |
October 2000 |
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Payment Date |
Nov 15, 2000 |
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Optimum Monthly Principal [a+b+c] |
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(a) Available Investor Principal Collections |
8,833,927.82 |
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(b) Series Participation Interest Charge Offs |
0.00 |
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(c) Lesser of Excess Interest and Carryover Charge offs |
0.00 |
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Accelerated Principal Payment |
52,791.76 |
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Series Participation Interest Monthly Interest |
1,801,958.62 |
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Allocation of Optimum Monthly Principal and Series Part. Interest Monthly Interest |
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Interest and Yield |
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Pay Class A Interest Distribution- Sec. 3.05(a)(i)(a) |
723,989.93 |
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Pay Class B Interest Distribution- Sec. 3.05(a)(i)(b) |
566,064.89 |
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Pay Certificates the Certificate Yield- Sec. 3.05(a)(i)(c) |
56,539.97 |
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Principal up to Optimum Monthly Principal Balance |
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Pay Class A to Targeted Principal Balance- Sec. 3.05(a)(ii)(a) |
4,362,217.15 |
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Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(ii)(b) |
3,268,553.30 |
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Pay Certificate Yield if not paid pursuant to Sec. 3.05 (a)(i)(c) |
0.00 |
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Principal up to Optimal Monthly Principal |
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Pay Certificate to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(iii) |
309,187.47 |
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Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv) |
893,969.90 |
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Principal up to Accelerated Principal Payment Amout |
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Pay Class A to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(a) |
0.00 |
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Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(b) |
0.00 |
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Pay Class A to zero- Sec. 3.05(a)(v)(c) |
52,791.76 |
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Pay Class B to zero- Sec. 3.05(a)(v)(d) |
0.00 |
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Principal up to Optimal Monthly Principal |
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Pay Class A to zero- Sec. 3.05(a)(vi)(a) |
0.00 |
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Pay Class B to zero- Sec. 3.05(a)(vi)(b) |
0.00 |
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Pay Certificates up to Certificate Minimum Balance or zero- Sec. 3.05(a)(vi)(c) |
0.00 |
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Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi)(d) |
0.00 |
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Remaining Amounts to Holder of Designated Certificate - Sec. 3.05(a)(vii) |
402,572.07 |
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Allocations of Distributions to Overcollateralization Amount |
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Available Distributions |
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Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv) |
893,969.90 |
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Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi)(d) |
0.00 |
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To Designated Certificate Holder up to total Accelerated Principal Payments |
52,791.76 |
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To Designated Certificate Holder up to Holdback Amount |
841,178.14 |
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To HCLC any remaining amounts |
0.00 |
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Principal paid to the Designated Certificate |
3,101.67 |
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Household Consumer Loan Trust, 1995-1 |
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Series 1995-1 Owner Trust Calculations |
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Due Period Ending |
Oct 31, 2000 |
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Payment Date |
Nov 15, 2000 |
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Calculation of Interest Expense |
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Index (LIBOR) |
6.620000% |
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Accrual end date, accrual beginning date and days in Interest Period |
Nov 15, 2000 |
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Class A |
Class B |
Certificates |
Overcoll Amount |
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Beginning Unpaid Principal Balance |
126,645,468.72 |
93,758,159 |
8,869,015 |
24,127,788 |
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Previously unpaid interest/yield |
0 |
0 |
0 |
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Spread to index |
0.24% |
0.625% |
1.03% |
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Rate (capped at 13.0%, 15%, 16%) |
6.860000% |
7.245000% |
7.650000% |
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Interest/Yield Payable on the Principal Balance |
723,990 |
566,065 |
56,540 |
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Interest on previously unpaid interest/yield |
0 |
0 |
0 |
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Interest/Yield Due |
723,990 |
566,065 |
56,540 |
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Interest/Yield Paid |
723,990 |
566,065 |
56,540 |
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Summary |
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Beginning Security Balance |
126,645,469 |
93,758,159 |
8,869,015 |
24,127,788 |
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Beginning Adjusted Balance |
126,645,469 |
93,758,159 |
8,869,015 |
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Principal Paid |
4,415,009 |
3,268,553 |
309,187 |
893,970 |
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Ending Security Balance |
122,230,460 |
90,489,606 |
8,559,828 |
23,286,610 |
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Ending Adjusted Balance |
122,230,460 |
90,489,606 |
8,559,828 |
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Ending Certificate Balance as % Participation Interest Invested Amount |
3.5000% |
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Targeted Balance |
122,283,252 |
90,489,606 |
8,559,828 |
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Minimum Adjusted Balance |
61,666,667 |
5,833,333 |
15,833,333 |
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Certificate Minimum Balance |
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7,411,343 |
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Ending OC Amount as Holdback Amount |
23,286,610 |
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Ending OC Amount as Accelerated Prin Pmts |
0 |
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Beginning Net Charge offs |
0 |
0 |
0 |
0 |
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Reversals |
0 |
0 |
0 |
0 |
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Charge offs |
0 |
0 |
0 |
0 |
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Ending Net Charge Offs |
0 |
0 |
0 |
0 |
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Interest/Yield Paid per $1000 |
1 |
3 |
2 |
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Principal Paid per $1000 |
6 |
19 |
10 |
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