-----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, Mj8DgEj7p95vr2IM1YKsdrnUCjbUHqEKEVAwhNiRogRqv33lzBrKQr2WpOefiYc+ 6PKZdH/R3eTfn/+PxcMwWw== 0001056404-04-003459.txt : 20041019 0001056404-04-003459.hdr.sgml : 20041019 20041019092029 ACCESSION NUMBER: 0001056404-04-003459 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041015 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041019 DATE AS OF CHANGE: 20041019 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: 041084283 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 8-K 1 gsalt041_oct.txt OCT 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): October 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 October 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 October 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: 10/18/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the October 15, 2004 distribution EX-99.1
GS AUTO LOAN TRUST 2004-1 Record Date: 10/14/04 Distribution Date: 10/15/04 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 23,294,264.58 23,294,264.58 21,547.19 23,315,811.78 0.00 0.00 0.00 A-2 297,914,000.00 297,914,000.00 10,059,490.79 372,392.50 10,431,883.29 0.00 0.00 287,854,509.21 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 6,610,796.46 101,385.04 6,712,181.50 0.00 0.00 49,976,203.54 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 TOTALS 1,285,615,000.00 72,772,264.58 39,964,551.84 1,730,701.48 41,695,253.32 0.00 0.00 932,807,712.75 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE INTEREST RATES BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 36292RAJ0 69.29991219 69.29991219 0.06410242 69.36401461 0.00000000 A-1 1.11% A-2 36292RAK7 1,000.00000000 33.76642518 1.25000000 35.01642518 966.23357482 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 116.82535675 1.79166667 118.61702342 883.17464325 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 $21,625,560.03 Accounts Paid in Full 15,042,733.24 Liquidated Receivables (including Cram-downs) 633,300.50 Repurchased Receivables 81,637.25 Available Principal 37,383,231.02 Payments Collected Attributed to Interest 5,443,958.86 Total Available Funds 42,827,189.88 Other Pool Balance Reductions Small Balance write offs 671.53 Other Principal Reductions 0.00 Principal Allocations Regular Principal Allocation 36,076,093.17 Regular Principal Allocation per $1,000 original principal balance 28.06135054 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 3,888,458.66 Third Allocation of Principal per $1,000 original principal balance 3.02459030 Sec. 4.7 (iii) Pool Balance and Pool Factor Beginning Pool Balance 977,717,365.96 Beginning Pool Factor 0.768870514 Ending Pool Balance 939,635,805.92 Ending Pool Factor 0.738923425 Sec. 4.7 (i), (vii) Principal Payment Amounts Class A-1 Principal Payment Amount 23,294,264.58 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 10,059,490.79 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 6,610,796.46 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 21,547.19 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 16,295.29 Amount Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 16,295.29 Net Servicing Fee per $1,000 original principal balance 0.012814509 cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit 215,434.15 Huntington 599,330.32 Total Receivables Servicer Supplement Payment Amount 814,764.47 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.640725428 Reimbursement of Servicing Advances 13425.22 Reimbursement of Servicing Advances per $1,000 original principal balance 0.010557505 Reimbursement of Prior Month Interest Advances 286,618.25 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.225394709 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 42,827,189.88 Current Period Losses Realized Losses 738,079.71 Cram Down Losses 0.00 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 81,637.25 Liquidated Receivables 1,331,582.54 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days 615 8,676,712.71 0.92% 60 - 89 days 131 1,943,333.91 0.21% 90 + days 122 1,904,828.47 0.20% Totals 868 12,524,875.09 1.33% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed 131 Balance of Receivables as to which vehicles have been Repossessed 2,165,143.13 Extension Information Number of Extensions Granted 1,187 Principal Balance of Receivables to which Extensions were Granted 17,480,299.37 Overcollateralization Amounts Beginning Target Overcollateralization Level 19,554,347.32 Ending Target Overcollateralization Level 18,792,716.12 Three-Month Annualized Net Loss Ratio 1.03% Cumulative Net Loss Ratio 0.34% Annualized Net Loss Ratio 0.67% WAC 6.37 WAM 44.96
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