CNH Equipment Trust 2000-B Asset Backed Notes and Certificates Cashflow Report

Contract Categories: Business Finance › Note Agreements
Summary

This document details the cashflows, contract values, and payment schedules for various classes of asset-backed notes and certificates issued by CNH Equipment Trust 2000-B. The report includes information on the amounts, interest rates, maturity dates, and scheduled payments for each class of notes and certificates. It is intended for investors and stakeholders to track the performance and payment status of these asset-backed securities over time.

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EX-10.2 2 a2050031zex-10_2.txt EXHIBIT 10.2
CNH EQUIPMENT TRUST 2000-B $107,000,000 Class A-1 6.66% Asset Backed Notes due October 12, 2001 $353,000,000 Class A-2 6.87% Asset Backed Notes due February 16, 2004 $244,000,000 Class A-3 6.88% Asset Backed Notes due March 15, 2005 $231,000,000 Class A-4 6.95% Asset Backed Notes due September 17, 2007 $42,500,000 Class B 7.14% Asset Backed Notes due September 17, 2007 $22,500,000 7.14% Asset Backed Certificates Prepared by: Suzhen Ruan ###-###-#### --------------------------------------------------------------------- Cutoff Date --------------------------------------------------------------------- Date Added 8/31/2000 8/31/2000 8/31/2000 8/31/2000 --------------------------------------------------------------------- Pool POOL 1 POOL 2 POOL 3 POOL 4 --------------------------------------------------------------------- Scheduled Cashflows 467,951.26 1,342,584.36 330,527.73 1,140,067.20 868,407.54 4,574,508.15 294,243.00 2,157,976.48 1,044,954.68 7,922,841.74 327,285.78 2,154,022.71 3,263,043.73 5,851,611.31 355,841.77 2,410,367.37 5,150,244.01 2,684,056.30 329,069.83 4,810,303.08 3,360,066.85 2,888,895.24 299,501.17 21,348,208.97 1,171,496.05 2,314,081.97 282,305.84 10,608,055.35 1,496,815.11 2,651,214.38 325,966.28 13,589,872.05 1,477,323.91 3,647,232.53 499,248.10 5,519,570.83 1,401,826.90 3,064,076.88 470,733.60 2,851,627.69 1,166,490.27 2,473,044.22 389,859.98 2,152,429.98 1,123,090.52 2,467,530.05 328,645.32 2,932,853.86 1,022,088.83 3,188,487.91 317,615.72 2,502,214.65 942,032.19 5,004,425.46 321,060.26 2,459,613.18 1,010,413.66 7,771,162.60 319,835.53 2,025,560.27 3,171,412.59 5,718,241.13 347,694.31 2,228,205.67 5,122,550.40 2,469,366.58 308,695.63 4,583,425.06 3,176,467.70 2,682,933.98 278,221.56 20,193,526.76 1,073,778.14 2,086,596.81 268,349.84 10,300,603.49 1,394,457.26 2,398,498.55 312,719.34 13,456,947.67 1,375,967.56 3,411,239.47 481,012.39 5,497,293.39 1,252,559.23 2,859,621.75 489,980.88 2,918,644.10 1,056,888.23 2,168,315.65 389,094.42 2,010,233.18 1,007,092.77 2,258,798.42 286,607.48 2,757,227.58 919,506.99 2,951,308.95 277,878.02 2,327,118.72 837,756.48 4,710,446.99 298,326.65 2,282,001.52 876,915.65 7,350,433.85 268,645.75 1,852,998.79 2,962,536.73 5,139,139.07 295,913.55 2,031,889.87 4,869,242.82 1,886,978.69 254,382.64 4,310,773.30 2,823,287.22 1,990,134.53 220,971.35 18,613,435.35 852,102.65 1,446,772.23 201,741.14 9,608,152.43 1,139,944.51 1,752,399.69 239,355.62 12,823,089.25 1,091,346.13 2,345,582.01 266,000.81 4,919,820.07 1,089,899.51 2,104,315.80 355,675.37 2,153,045.22 772,002.47 1,535,680.52 256,690.34 1,514,249.07 697,416.08 1,613,483.86 168,244.49 2,189,028.51 686,988.71 2,121,969.64 128,997.35 1,754,055.99 593,466.76 3,163,882.71 194,289.72 1,647,447.97 635,511.44 4,840,963.81 145,712.08 1,360,094.61 2,130,836.67 3,261,211.71 178,163.49 1,491,518.84 3,529,064.08 957,152.30 137,836.04 3,231,726.10 2,065,739.31 1,010,182.14 105,654.43 14,709,140.97 483,289.87 645,334.28 96,998.37 7,320,841.50 656,783.52 904,858.46 129,400.87 10,492,880.97 706,309.71 1,686,588.61 156,086.07 3,982,546.73 706,939.82 1,449,037.80 246,827.03 1,420,572.02 417,841.81 662,849.64 80,884.91 822,457.80 353,645.17 840,046.43 81,729.89 1,261,966.35 369,755.60 1,028,324.82 31,731.32 854,091.92 246,753.21 1,994,040.02 56,168.47 812,543.61 259,311.58 3,085,975.19 70,484.07 580,202.16 1,372,090.23 1,852,907.25 50,393.88 787,654.20 2,416,819.58 282,536.61 2,182.44 2,325,722.75 1,318,685.51 203,249.19 512.00 11,541,115.77 150,252.38 10,262.61 512.00 5,532,288.35 204,190.73 145,385.26 38,362.07 7,664,610.21 254,330.73 228,257.93 15,433.15 2,322,349.44 105,201.71 48,961.49 0.00 280,859.42 12,786.92 1,918.23 0.00 128,878.90 869.78 61,508.66 0.00 138,432.73 869.78 87,456.79 0.00 47,691.52 869.78 50,897.70 0.00 32,981.06 869.78 93,591.75 0.00 41,743.01 183,077.15 0.00 27,509.63 15,499.53 0.00 0.00 0.00 128,573.77 0.00 0.00 0.00 299,604.55 0.00 0.00 0.00 148,561.12 0.00 0.00 0.00 396,340.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 82,392,527.95 149,445,392.66 13,433,810.77 290,809,447.21 Discount Rate 8.629% 8.629% 8.629% 8.629% Beginning Contract Value 71,644,334.23 133,608,619.97 12,132,422.93 248,205,274.10 Scheduled Contract Value Decline 887,565.63 3,009,957.83 551,586.62 1,848,807.49 Unscheduled Contract Value Decline 618,684.34 1,748,465.50 (82,588.38) 3,026,115.65 Additional Contract Value Added 0.00 0.00 0.00 0.00 Ending Contract Value 70,138,084.26 128,850,196.63 11,663,424.69 243,330,350.97 ===========================================================================================
----------------------------------------------------------------------------- Cutoff Date 4/30/2001 ----------------------------------------------------------------------------- Date Added 8/31/2000 11/30/2000 12/31/2000 12/31/2000 12/31/2000 ----------------------------------------------------------------------------- Pool POOL 5 POOL 11 POOL 12 POOL 13 POOL 14 ----------------------------------------------------------------------------- Scheduled Cashflows 1,177,225.26 340,949.83 163,085.06 67,404.94 0.00 1,011,266.50 328,907.12 274,811.78 248,037.49 0.00 543,222.22 443,290.50 320,600.66 281,424.04 0.00 574,886.82 472,434.41 345,646.34 305,499.50 0.00 455,068.49 574,119.06 341,413.11 265,602.05 0.00 597,855.38 1,935,661.03 357,657.09 251,506.08 0.00 460,380.76 2,496,009.89 1,670,017.14 266,440.60 0.00 1,095,117.52 453,495.70 2,017,706.35 1,735,421.97 0.00 3,438,573.53 513,462.55 367,866.43 827,444.73 0.00 2,696,721.33 487,693.38 331,667.62 247,462.24 0.00 1,714,356.74 510,916.17 326,993.86 222,201.27 0.00 2,024,175.00 587,547.35 325,766.59 216,702.25 0.00 1,668,106.75 538,582.34 382,993.08 238,866.28 0.00 516,326.96 445,776.33 382,757.06 292,913.11 0.00 87,104.56 436,496.96 320,871.55 274,959.68 0.00 59,894.79 449,732.59 328,978.55 301,171.03 0.00 72,411.21 528,083.44 340,161.11 260,369.60 0.00 58,410.85 1,841,394.89 347,000.88 243,587.66 0.00 18,590.88 2,405,862.13 1,644,158.98 263,096.16 0.00 289,937.87 415,264.05 1,994,408.43 1,709,261.09 0.00 215,650.71 482,235.87 357,210.02 813,415.29 0.00 135,641.07 442,511.32 320,726.59 227,631.10 0.00 98,812.93 482,005.00 315,676.60 202,570.99 0.00 57,970.95 542,853.68 315,006.65 197,171.18 0.00 74,152.82 479,394.96 356,926.99 218,551.27 0.00 0.00 410,622.65 362,476.40 271,964.53 0.00 0.00 398,711.48 298,621.31 239,096.72 0.00 0.00 389,794.84 306,345.07 266,394.38 0.00 0.00 447,501.48 297,762.25 222,632.79 0.00 0.00 1,736,306.96 335,521.45 208,811.01 0.00 0.00 2,157,081.89 1,574,743.93 231,130.18 0.00 21,995.31 339,390.72 1,887,996.99 1,571,970.30 0.00 16,251.36 398,140.66 282,592.13 688,102.22 0.00 0.00 360,736.41 259,676.03 181,512.02 0.00 0.00 402,004.47 253,654.26 152,894.49 0.00 0.00 437,013.17 254,203.45 146,669.32 0.00 0.00 397,690.22 273,059.58 159,982.55 0.00 0.00 345,836.12 291,127.04 199,794.60 0.00 0.00 329,100.82 233,843.91 185,206.79 0.00 0.00 319,406.92 245,649.84 206,016.96 0.00 0.00 356,279.22 231,383.43 173,922.21 0.00 0.00 1,451,613.45 232,702.05 161,758.39 0.00 0.00 1,743,130.67 1,300,031.66 202,479.83 0.00 0.00 238,532.37 1,390,977.90 1,323,285.82 0.00 0.00 286,399.34 200,056.37 519,852.52 0.00 0.00 256,013.11 186,809.43 132,027.10 0.00 0.00 245,909.60 183,763.82 97,760.17 0.00 0.00 327,948.46 180,708.12 96,795.54 0.00 0.00 273,903.49 182,459.52 110,864.73 0.00 0.00 244,038.49 194,798.32 129,660.62 0.00 0.00 224,850.56 162,978.42 132,174.48 0.00 0.00 213,715.79 162,718.76 97,220.30 0.00 0.00 282,242.61 159,107.38 117,583.88 0.00 0.00 1,018,682.04 155,756.02 295,061.24 0.00 0.00 1,376,701.46 1,003,172.94 105,571.92 0.00 0.00 26,239.00 1,056,482.98 1,156,167.81 0.00 0.00 41,213.40 37,805.97 307,929.19 0.00 0.00 46,145.31 26,686.78 2,300.83 0.00 0.00 50,489.14 20,649.25 2,300.83 0.00 0.00 19,297.23 28,376.37 2,300.83 0.00 0.00 28,141.41 9,576.69 2,300.83 0.00 0.00 19,297.23 20,343.80 2,300.83 0.00 0.00 19,297.23 9,185.84 2,300.83 0.00 0.00 19,099.08 9,185.84 2,300.83 0.00 0.00 70,994.64 9,185.84 2,300.83 0.00 0.00 122,140.14 9,185.84 2,300.83 0.00 0.00 193,195.06 21,546.85 2,305.65 0.00 0.00 0.00 31,600.94 175,378.64 0.00 0.00 0.00 0.00 36,734.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 19,180,108.57 36,699,528.89 28,624,619.29 20,506,132.36 0.00 Discount Rate 8.629% 8.629% 8.629% 8.629% 0.000% Beginning Contract Value 20,910,521.83 31,262,821.97 24,154,047.14 17,189,285.85 0.00 Scheduled Contract Value Decline 3,669,955.24 256,536.20 78,771.83 7,718.94 0.00 Unscheduled Contract Value Decline (831,755.21) 236,948.65 166,453.58 119,298.69 0.00 Additional Contract Value Added 0.00 0.00 0.00 0.00 0.00 Ending Contract Value 18,072,321.80 30,769,337.13 23,908,821.73 17,062,268.22 0.00 ===================================================================================================
CNH EQUIPMENT TRUST 2000-B $107,000,000 Class A-1 6.66% Asset Backed Notes due October 12, 2001 $353,000,000 Class A-2 6.87% Asset Backed Notes due February 16, 2004 $244,000,000 Class A-3 6.88% Asset Backed Notes due March 15, 2005 $231,000,000 Class A-4 6.95% Asset Backed Notes due September 17, 2007 $42,500,000 Class B 7.14% Asset Backed Notes due September 17, 2007 $22,500,000 7.14% Asset Backed Certificates Scheduled Payment Date 9/21/2000 5/15/2001 Actual Payment Date 9/21/2000 5/15/2001 Collection Period Begin Date 4/1/2001 Collection Period End Date 4/30/2001 Days in accrual period (30/360) 30 Days in accrual period (act/360) 29 COLLATERAL SUMMARY Wtd. Average Discount Rate 8.629% Beginning Contract Value 855,696,519.00 Scheduled Contract Value Decline 16,463,772.74 Unscheduled Contract Value Decline 6,819,396.61 Additional Contract Value Purchased 0.00 Ending Contract Value 832,413,349.65 Beginning Pre-funding Account Balance 0.00 Ending Pre-funding Account Balance 0.00 Total Beginning Balance (Pool Balance + Pre-funding Account Balance) 855,696,519.00 Total Ending Balance (Pool Balance + Pre-funding Account Balance) 832,413,349.65 COLLATERAL PERFORMANCE Scheduled Amounts 30 - 59 days past due $1,813,689.70 0.22% Scheduled Amounts 60 days or more past due $390,580.32 0.05% Net Losses on Liquidated Receivables $275,087.58 0.03% Cumulative Net Losses $1,247,703.49 Number of Loans at Beginning of Period 38,255 Number of Loans at End of Period 37,264 Repossessed Equipment not Sold or Reassigned (Beginning) $1,284,042.82 Repossessed Equipment not Sold or Reassigned (End) $1,518,921.90 COLLECTIONS AND REINVESTMENT INCOME Receipts During the period $30,372,751.45 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 $30,372,751.45 Reinvestment Income (excluding Pre-funding Account) $200,648.13 Reinvestment Income on Pre-funding Account) $0.00 Total Collections + Reinvestment Income For The Period $30,573,399.58 ================================================================================
CNH EQUIPMENT TRUST 2000-B $107,000,000 Class A-1 6.66% Asset Backed Notes due October 12, 2001 $353,000,000 Class A-2 6.87% Asset Backed Notes due February 16, 2004 $244,000,000 Class A-3 6.88% Asset Backed Notes due March 15, 2005 $231,000,000 Class A-4 6.95% Asset Backed Notes due September 17, 2007 $42,500,000 Class B 7.14% Asset Backed Notes due September 17, 2007 $22,500,000 7.14% Asset Backed Certificates Actual Payment Date 5/15/2001 CACLULATION OF DISTRIBUTABLE AMOUNTS Current Servicing Fee Due 1.000% $713,080.43 Past Due Servicing Fee $0.00 Total Servicing Fee Due $713,080.43 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) $855,696,519.00 A-1 notes Beginning Principal balance $0.00 A-2 notes Beginning Principal balance $321,829,416.95 A-3 notes Beginning Principal balance $244,000,000.00 A-4 notes Beginning Principal balance $231,000,000.00 B notes Beginning Principal balance $36,367,102.05 Certificate Beginning Principal balance $22,500,000.00 A-1 notes Current Interest Due 6.660% act/360 $0.00 A-2 notes Current Interest Due 6.870% 30/360 $1,842,473.41 A-3 notes Current Interest Due 6.880% 30/360 $1,398,933.33 A-4 notes Current Interest Due 6.950% 30/360 $1,337,875.00 B notes Current Interest Due 7.140% 30/360 $216,384.26 Certificate Current Interest Due 7.140% 30/360 $133,875.00 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 $0.00 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 $0.00 A-1 notes Total Interest Due $0.00 A-2 notes Total Interest Due $1,842,473.41 A-3 notes Total Interest Due $1,398,933.33 A-4 notes Total Interest Due $1,337,875.00 B notes Total Interest Due $216,384.26 Certificate Total Interest Due $133,875.00 A-1 notes Principal Due $0.00 A-2 notes Principal Due $22,293,634.66 A-3 notes Principal Due $0.00 A-4 notes Principal Due $0.00 Class B notes Principal Due $989,534.69 Certificate Principal Due $0.00 Total notes Interest Due $4,795,666.00 Total notes Principal Due $23,283,169.35 Total notes Distributable Amount $28,078,835.35 ================================================================================
CNH Equipment Trust 2000-B $107,000,000 Class A-1 6.66% Asset Backed Notes due October 12, 2001 $353,000,000 Class A-2 6.87% Asset Backed Notes due February 16, 2004 $244,000,000 Class A-3 6.88% Asset Backed Notes due March 15, 2005 $231,000,000 Class A-4 6.95% Asset Backed Notes due September 17, 2007 $42,500,000 Class B 7.14% Asset Backed Notes due September 17, 2007 $22,500,000 7.14% Asset Backed Certificates Actual Payment Date 5/15/2001 CASH AVAILABLE FOR DISTRIBUTION Total Collections + Reinvestment Income For The Period $30,573,399.58 Beginning Negitive Carry Account $0.00 Deposits from Negitive Carry Account to Distribution Account $0.00 Beginning Spread Account Balance $20,000,000.28 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 $30,573,399.58 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 $30,573,399.58 Administration Fee Paid $166.67 Administration Fee Shortfall $0.00 $30,573,232.91 Class A-1 notes Interest Paid $0.00 Class A-2 notes Interest Paid $1,842,473.41 Class A-3 notes Interest Paid $1,398,933.33 Class A-4 notes Interest Paid $1,337,875.00 $25,993,951.17 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 $216,384.26 Class B notes Interest Shortfall $0.00 $25,777,566.91 Class A-1 notes Principal Paid $0.00 Class A-2 notes Principal Paid $22,293,634.66 Class A-3 notes Principal Paid $0.00 Class A-4 notes Principal Paid $0.00 Class B notes Principal Paid $989,534.69 $2,494,397.56 Deposits to Spread Account $0.00 $2,494,397.56 Certificate Interest Paid $133,875.00 Certificate Interest Shortfall $0.00 $2,360,522.56 Certificate Principal Paid $0.00 $2,360,522.56 Total Principal Balance of Notes and Certificates (End of Period) $832,413,349.65 A-1 notes Ending Principal balance $0.00 A-2 notes Ending Principal balance $299,535,782.29 A-3 notes Ending Principal balance $244,000,000.00 A-4 notes Ending Principal balance $231,000,000.00 B notes Ending Principal balance $35,377,567.36 Certificate Ending Principal balance $22,500,000.00 Servicing Fee Paid (If CNH is the servicer) $713,080.43 Servicing Fee Shortfall $0.00 Release to Seller as Excess $1,647,442.13 $1,647,442.13 ================================================================================
CNH EQUIPMENT TRUST 2000-B $107,000,000 Class A-1 6.66% Asset Backed Notes due October 12, 2001 $353,000,000 Class A-2 6.87% Asset Backed Notes due February 16, 2004 $244,000,000 Class A-3 6.88% Asset Backed Notes due March 15, 2005 $231,000,000 Class A-4 6.95% Asset Backed Notes due September 17, 2007 $42,500,000 Class B 7.14% Asset Backed Notes due September 17, 2007 $22,500,000 7.14% Asset Backed Certificates Actual Payment Date 5/15/2001 SUMMARY AND FACTORS AMOUNT FACTOR PER/$1000 ------ ------ --------- Total Principal Balance of Notes and Certificates (Beginning of Period) $855,696,519.00 0 ###-###-#### $855.70 A-1 notes Beginning Principal balance $0.00 0.0000000 $0.00 A-2 notes Beginning Principal balance $321,829,416.95 0.9116981 $911.70 A-3 notes Beginning Principal balance $244,000,000.00 1.0000000 $1,000.00 A-4 notes Beginning Principal balance $231,000,000.00 1.0000000 $1,000.00 B notes Beginning Principal balance $36,367,102.05 0 ###-###-#### $855.70 Certificate Beginning Principal balance $22,500,000.00 1.0000000 $1,000.00 Total Principal Balance of Notes and Certificates (End of Period) $832,413,349.65 0 ###-###-#### $832.41 A-1 notes Ending Principal balance $107,000,000.00 $0.00 0.0000000 $0.00 A-2 notes Ending Principal balance $353,000,000.00 $299,535,782.29 0 ###-###-#### $848.54 A-3 notes Ending Principal balance $244,000,000.00 $244,000,000.00 1.0000000 $1,000.00 A-4 notes Ending Principal balance $231,000,000.00 $231,000,000.00 1.0000000 $1,000.00 B notes Ending Principal balance $42,500,000.00 $35,377,567.36 0 ###-###-#### $832.41 Certificate Ending Principal balance $22,500,000.00 $22,500,000.00 1.0000000 $1,000.00 Class A-1 notes Interest Paid $0.00 0.0000000 $0.00 Class A-2 notes Interest Paid $1,842,473.41 0.0052195 $5.22 Class A-3 notes Interest Paid $1,398,933.33 0.0057333 $5.73 Class A-4 notes Interest Paid $1,337,875.00 0.0057917 $5.79 Class B notes Interest Paid $216,384.26 0.0050914 $5.09 Certificate Interest Paid $133,875.00 0.0059500 $5.95 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 $22,293,634.66 0.0631548 $63.15 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 $989,534.69 0.0232832 $23.28 Certificate Principal Paid $0.00 0.0000000 $0.00 NEGITIVE CARRY ACCOUNT Negitive Carry 4.288% Negitive Carry Days Remaining 3/15/2001 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% $20,000,000.28 Beginning Spread Account Balance $20,000,000.28 Additional Deposit to Spread Account from Pre-funding $0.00 Spread Account Withdrawls to Distribution Account $0.00 Spread Account Deposits from Excess Cash $0.00 Spread Account Released to Seller $0.00 Ending Spread Account Balance $20,000,000.28 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 $2,360,689.23