-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RnaS6VnAllyD1RoyV1AhqSgbEvZtoZ51s52ZSIirVFOBD74r+P9EVcfZLA+Nrpv4 GmuPjuCKPhdTqvpqitKd4g== 0001056404-04-003080.txt : 20040922 0001056404-04-003080.hdr.sgml : 20040922 20040922085236 ACCESSION NUMBER: 0001056404-04-003080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040922 DATE AS OF CHANGE: 20040922 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS ASSET BACKED SECURITIES CORP CENTRAL INDEX KEY: 0001210198 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-101904 FILM NUMBER: 041040258 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 8-K 1 gsalt041_sept.txt SEPT 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 15, 2004 GS AUTO LOAN TRUST 2004-1 ------------------------------------------------------------ (Exact name of registrant as specified in its charter) New York 333-101904-02 51-6548509 - -------------------------------------------------------------------- (governing law of (Commission (IRS EIN) Sales and Servicing Agreement) File Number) (State or other jurisdiction of Incorporation) Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 - -------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 667-8058 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 15, 2004 a distribution was made to holders of GS AUTO LOAN TRUST 2004-1 ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS Auto Loan Trust 2004-1 relating to the September 15, 2004 distribution Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GS AUTO LOAN TRUST 2004-1 (Registrant) By: Wells Fargo Bank, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 9/20/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the September 15, 2004 distribution EX-99.1
GS AUTO LOAN TRUST 2004-1 Record Date: 9/14/04 Distribution Date: 9/15/04 GS AUTO LOAN TRUST 2004-1 Contact: Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 Telephone: (612) 667-8058 Fax: (612) 667-3529 Distribution Summary DISTRIBUTION IN DOLLARS ORIGINAL BEGINNING ENDING FACE PRINCIPAL UNPAID UNPAID PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST BALANCE A-1 336,137,000.00 66,582,360.50 43,288,095.92 61,588.68 43,349,684.60 0.00 0.00 23,294,264.58 A-2 297,914,000.00 297,914,000.00 0.00 372,392.50 372,392.50 0.00 0.00 297,914,000.00 A-3 314,944,000.00 314,944,000.00 0.00 559,025.60 559,025.60 0.00 0.00 314,944,000.00 A-4 224,081,000.00 224,081,000.00 0.00 494,845.54 494,845.54 0.00 0.00 224,081,000.00 B 56,587,000.00 56,587,000.00 0.00 101,385.04 101,385.04 0.00 0.00 56,587,000.00 C 26,704,000.00 26,704,000.00 0.00 59,638.93 59,638.93 0.00 0.00 26,704,000.00 D 29,248,000.00 29,248,000.00 0.00 121,866.67 121,866.67 0.00 0.00 29,248,000.00 Cert 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 36292RAJ0 198.08102203 128.78110983 0.18322495 128.96433478 69.29991219 A-1 1.11% A-2 36292RAK7 1,000.00000000 0.00000000 1.25000000 1.25000000 1,000.00000000 A-2 1.50% A-3 36292RAL5 1,000.00000000 0.00000000 1.77500000 1.77500000 1,000.00000000 A-3 2.13% A-4 36292RAM3 1,000.00000000 0.00000000 2.20833333 2.20833333 1,000.00000000 A-4 2.65% B 36292RAN1 1,000.00000000 0.00000000 1.79166667 1.79166667 1,000.00000000 B 2.15% C 36292RAP6 1,000.00000000 0.00000000 2.23333333 2.23333333 1,000.00000000 C 2.68% D 36292RAQ4 1,000.00000000 0.00000000 4.16666667 4.16666667 1,000.00000000 D 5.00% Collections received with respect to the receivables Payments Collected Attributed to Principal $22,435,662.51 Accounts Paid in Full 17,074,324.69 Liquidated Receivables (including Cram-downs) 868,826.27 Repurchased Receivables 86,705.53 Available Principal 40,465,519.00 Payments Collected Attributed to Interest 5,732,810.62 Total Available Funds 6,198,329.62 Other Pool Balance Reductions Small Balance write offs 651.54 Other Principal Reductions 0.00 Principal Allocations Regular Principal Allocation 34,193,101.38 Regular Principal Allocation per $1,000 original principal balance 26.59668826 First Allocation of Principal 0.00 First Allocation of Principal per $1,000 original principal balance 0.00000000 Second Allocation of Principal 0.00 Second Allocation of Principal per $1,000 original principal balance 0.00000000 Third Allocation of Principal 9,094,994.54 Third Allocation of Principal per $1,000 original principal balance 7.07443095 Pool Balance and Pool Factor Beginning Pool Balance 1,019,107,309.95 Beginning Pool Factor 0.801419294 Ending Pool Balance 977,717,365.96 Ending Pool Factor 0.768870514 Principal Payment Amounts Class A-1 Principal Payment Amount 43,288,095.92 increase / (decrease) in Class A-1 unpaid principal 0.00 Class A-1 previously due and unpaid principal 0.00 Class A-2 Principal Payment Amount 0.00 increase / (decrease) in Class A-2 unpaid principal 0.00 Class A-2 previously due and unpaid principal 0.00 Class A-3 Principal Payment Amount 0.00 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid principal 0.00 Class A-4 Principal Payment Amount 0.00 increase / (decrease) in Class A-4 unpaid principal 0.00 Class A-4 previously due and unpaid principal 0.00 Class B Principal Payment Amount 0.00 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid principal 0.00 Class C Principal Payment Amount 0.00 increase / (decrease) in Class C unpaid principal 0.00 Class C previously due and unpaid principal 0.00 Class D Principal Payment Amount 0.00 increase / (decrease) in Class D unpaid principal 0.00 Class D previously due and unpaid principal 0.00 Certificate Distribution Amount 0.00 Interest Payment Amounts Class A-1 Interest Payment Amount 61,588.68 increase / (decrease) in Class A-1 unpaid interest 0.00 Class A-1 previously due and unpaid interest 0.00 Class A-2 Interest Payment Amount 372,392.50 increase / (decrease) in Class A-2 unpaid interest 0.00 Class A-2 previously due and unpaid interest 0.00 Class A-3 Interest Payment Amount 559,025.60 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid interest 0.00 Class A-4 Interest Payment Amount 494,845.54 increase / (decrease) in Class A-4 unpaid interest 0.00 Class A-4 previously due and unpaid interest 0.00 Class B Interest Payment Amount 101,385.04 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid interest 0.00 Class C Interest Payment Amount 59,638.93 increase / (decrease) in Class C unpaid interest 0.00 Class C previously due and unpaid interest 0.00 Class D Interest Payment Amount 121,866.67 increase / (decrease) in Class D unpaid interest 0.00 Class D previously due and unpaid interest 0.00 Certificates n/a Fees Paid Net Servicing Fee 16,985.12 Amount Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 16,985.12 Net Servicing Fee per $1,000 original principal balance 0.013356988 cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit 227,487.56 Huntington 621,768.53 Total Receivables Servicer Supplement Payment Amount 849,256.09 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.667849412 Reimbursement of Servicing Advances 12,685.00 Reimbursement of Servicing Advances per $1,000 original principal balance 0.009975401 Reimbursement of Prior Month Interest Advances 259,731.19 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.204250902 Owner Trustee Fee 833.33 Owner Trustee Fee per $1,000 original principal balance 0.000655328 Indenture Trustee Fee 0.00 Indenture Trustee Fee per $1,000 original principal balance 0.000000000 Total Distributions 46,198,329.62 Current Period Losses Realized Losses 980,982.50 Cram Down Losses 14,630.07 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 86,705.53 Liquidated Receivables 1,778,592.09 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days 621 8,735,309.84 0.89% 60 - 89 days 133 1,987,298.17 0.20% 90 + days 96 1,585,697.33 0.16% Totals 850 12,308,305.34 1.26% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed 98 Balance of Receivables as to which vehicles have been Repossessed 1,562,620.02 Extension Information Number of Extensions Granted 1,178 Principal Balance of Receivables to which Extensions were Granted 17,371,901.65 Overcollateralization Amounts Beginning Target Overcollateralization Level 20,382,146.20 Ending Target Overcollateralization Level 19,554,347.32 Three-Month Annualized Net Loss Ratio 0.99% Cumulative Net Loss Ratio 0.29% Annualized Net Loss Ratio 0.87% WAC 6.36 WAM 45.73
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