EX-20 2 b333084ex_20.txt MONTHLY SERVICER'S CERTIFICATE EXHIBIT 20 MONTHLY SERVICER'S CERTIFICATE AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. ------------------------------------------------- AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST -------------------------------------------------- The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc., as Servicer ("TRS"), pursuant to the Pooling and Servicing Agreement, dated as of May 16, 1996 (as amended and supplemented, the "Agreement"), as supplemented by the Series Supplements (as amended and supplemented, the "Series Supplements"), among TRS, as Servicer, American Express Receivables Financing Corporation II, American Express Receivables Financing Corporation III LLC and American Express Receivables Financing Corporation IV LLC, as Transferors, and The Bank of New York, as Trustee, does hereby certify as follows: 1. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or the Series Supplements, as applicable. 2. TRS is, as of the date hereof, the Servicer under the Agreement. 3. The undersigned is a Servicing Officer. 4. This Certificate relates to the Distribution Date occurring on July 15, 2004 and covers activity from May 26, 2004 through June 25, 2004. 5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the Agreement through the Monthly Period preceding such Distribution Date. 6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution date. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 9th day of July, 2004. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer By: /s/ Robin Flanagan ------------------------------- Name: Robin Flanagan Title: Director Global External Reporting I. Monthly Period Trust Activity ------------------------------------------------------------------------------- A. Trust Activity Trust Totals ----------------- ------------ Number of days in period 31 Beginning Principal Receivable Balance 24,019,708,144.89 Special Funding Account Balance 0.00 Beginning Total Principal Balance 24,019,708,144.89 Finance Charge Collections (excluding 349,322,803.48 Recoveries) Recoveries 19,250,390.90 Total Collections of Finance Charge Receivables 368,573,194.38 Total Collections of Principal Receivables 5,936,088,138.49 Monthly Payment Rate 23.9162% Defaulted amount 106,683,072.50 Annualized Default Rate 5.2682% Trust Portfolio Yield 12.8376% New Principal Receivables 5,866,162,806.03 Ending Principal Receivables Balance 23,843,099,739.93 Ending Required Minimum Principal Balance 19,982,250,000.00 Ending Transferor Amount 5,168,099,739.93 Ending Special Funding Account Balance 0.00 Ending Total Principal Balance 23,843,099,739.93 - 2 -
B. Series Allocations Series 1999-5 Series 2000-1 Series 2000-2 Series 2000-3 Series 2000-4 --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 1 2 2 2 Invested Amount 500,000,000.00 500,000,000.00 500,000,000.00 1,000,000,000.00 1,212,122,000.00 Adjusted Invested Amount 500,000,000.00 500,000,000.00 500,000,000.00 1,000,000,000.00 1,212,122,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 35,000,000.00 35,000,000.00 35,000,000.00 70,000,000.00 84,848,540.00 Series Allocation Percentage 2.68% 2.68% 2.68% 5.35% 6.49% Series Alloc. Finance Charge Collections 9,868,090.88 9,868,090.88 9,868,090.88 19,736,181.76 23,922,660.11 Series Allocable Recoveries 515,405.38 515,405.38 515,405.38 1,030,810.76 1,249,468.40 Series Alloc. Principal Collections 158,931,409.33 158,931,409.33 158,931,409.33 317,862,818.66 385,288,515.48 Series Allocable Defaulted Amount 2,856,307.16 2,856,307.16 2,856,307.16 5,712,614.32 6,924,385.50 B. Series Allocations Series 2000-5 Series 2001-1 Series 2001-2 Series 2001-3 Series 2001-4 --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 1 2 2 Invested Amount 787,878,000.00 750,000,000.00 250,000,000.00 750,000,000.00 725,000,000.00 Adjusted Invested Amount 787,878,000.00 750,000,000.00 250,000,000.00 750,000,000.00 725,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 55,151,460.00 52,500,000.00 17,500,000.00 52,500,000.00 50,750,000.00 Series Allocation Percentage 4.22% 4.02% 1.34% 4.02% 3.88% Series Alloc. Finance Charge Collections 15,549,703.41 14,802,136.32 4,934,045.44 14,802,136.32 14,308,731.78 Series Allocable Recoveries 812,153.12 773,108.07 257,702.69 773,108.07 747,337.80 Series Alloc. Principal Collections 250,437,121.84 238,397,114.00 79,465,704.67 238,397,114.00 230,450,543.53 Series Allocable Defaulted Amount 4,500,843.15 4,284,460.74 1,428,153.58 4,284,460.74 4,141,645.38 B. Series Allocations Series 2001-5 Series 2001-6 Series 2001-7 Series 2002-1 Series 2002-2 --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 2 2 2 Invested Amount 500,000,000.00 700,000,000.00 650,000,000.00 920,000,000.00 940,000,000.00 Adjusted Invested Amount 500,000,000.00 700,000,000.00 650,000,000.00 920,000,000.00 940,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 35,000,000.00 49,000,000.00 45,500,000.00 64,400,000.00 65,800,000.00 Series Allocation Percentage 2.68% 3.75% 3.48% 4.93% 5.03% Series Alloc. Finance Charge Collections 9,868,090.88 13,815,327.23 12,828,518.14 18,157,287.22 18,552,010.85 Series Allocable Recoveries 515,405.38 721,567.53 670,026.99 948,345.90 968,962.11 Series Alloc. Principal Collections 158,931,409.33 222,503,973.06 206,610,832.13 292,433,793.17 298,791,049.54 Series Allocable Defaulted Amount 2,856,307.16 3,998,830.03 3,713,199.31 5,255,605.18 5,369,857.46 B. Series Allocations Series 2002-3 Series 2002-4 Series 2002-5 Series 2002-6 Series 2003-1 --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 2 2 2 Invested Amount 920,000,000.00 500,000,000.00 600,000,000.00 720,000,000.00 920,000,000.00 Adjusted Invested Amount 920,000,000.00 500,000,000.00 600,000,000.00 720,000,000.00 920,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 64,400,000.00 35,000,000.00 42,000,000.00 50,400,000.00 64,400,000.00 Series Allocation Percentage 4.93% 2.68% 3.21% 3.86% 4.93% Series Alloc. Finance Charge Collections 18,157,287.22 9,868,090.88 11,841,709.06 14,210,050.87 18,157,287.22 Series Allocable Recoveries 948,345.90 515,405.38 618,486.45 742,183.75 948,345.90 Series Alloc. Principal Collections 292,433,793.17 158,931,409.33 190,717,691.20 228,861,229.44 292,433,793.17 Series Allocable Defaulted Amount 5,255,605.18 2,856,307.16 3,427,568.59 4,113,082.31 5,255,605.18 B. Series Allocations Series 2003-2 Series 2003-3 Series 2003-4 Series 2004-1 Series 2004-2 --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 1 2 1 Invested Amount 1,100,000,000.00 750,000,000.00 680,000,000.00 800,000,000.00 400,000,000.00 Adjusted Invested Amount 1,100,000,000.00 750,000,000.00 680,000,000.00 800,000,000.00 400,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 77,000,000.00 52,500,000.00 47,600,000.00 56,000,000.00 28,000,000.00 Series Allocation Percentage 5.89% 4.02% 3.64% 4.28% 2.14% Series Alloc. Finance Charge Collections 21,709,799.94 14,802,136.32 13,420,603.60 15,788,945.41 7,894,472.70 Series Allocable Recoveries 1,133,891.83 773,108.07 700,951.32 824,648.61 412,324.30 Series Alloc. Principal Collections 349,649,100.53 238,397,114.00 216,146,716.69 254,290,254.93 127,145,127.46 Series Allocable Defaulted Amount 6,283,875.76 4,284,460.74 3,884,577.74 4,570,091.46 2,285,045.73
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B. Series Allocations Series 2004-3 Trust Total --------------------- ------------- ----------- Group Number 2 Invested Amount 600,000,000.00 18,675,000,000.00 Adjusted Invested Amount 600,000,000.00 18,675,000,000.00 Principal Funding Account Balance 0.00 0.00 Series Required Transferor Amount 42,000,000.00 1,307,250,000.00 Series Allocation Percentage 3.21% 100% Series Alloc. Finance Charge Collections 11,841,709.06 368,573,194.38 Series Allocable Recoveries 618,486.45 19,250,390.90 Series Alloc. Principal Collections 190,717,691.20 5,936,088,138.49 Series Allocable Defaulted Amount 3,427,568.59 106,683,072.50 C. Group Allocations -------------------- 1. Group 1 Allocations Series 2000-1 ---------------------- ------------- Invested Amount 500,000,000.00 Investor Finance Charge Collections 7,672,307.93 Investor Monthly Interest 2,846,835.94 Investor Default Amount 2,220,740.40 Investor Monthly Fees 833,333.33 Investor Additional Amounts 0.00 Total 5,900,909.67 Reallocated Investor Finance Charge Collections 8,573,615.14 Available Excess 2,672,705.47 1. Group 1 Allocations Series 2001-2 Series 2003-4 Series 2004-3 Group 1 Total ---------------------- ------------- ------------- ------------- ------------- Invested Amount 250,000,000.00 680,000,000.00 600,000,000.00 2,030,000,000.00 Investor Finance Charge Collections 3,836,153.96 10,434,338.78 9,206,769.51 31,149,570.18 Investor Monthly Interest 1,102,063.80 983,878.54 2,966,068.33 7,898,846.61 Investor Default Amount 1,110,370.20 3,020,206.94 2,664,888.48 9,016,206.02 Investor Monthly Fees 416,666.67 1,133,333.33 1,000,000.00 3,383,333.33 Investor Additional Amounts 0.00 0.00 0.00 0.00 Total 2,629,100.67 5,137,418.82 6,630,956.81 20,298,385.97 Reallocated Investor Finance Charge Collections 3,965,453.40 8,772,298.26 9,838,203.38 31,149,570.18 Available Excess 1,336,352.74 3,634,879.44 3,207,246.57 10,851,184.21 2. Group 2 Allocations Series 1999-5 Series 2000-2 Series 2000-3 Series 2000-4 Series 2000-5 ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 500,000,000.00 500,000,000.00 1,000,000,000.00 1,212,122,000.00 787,878,000.00 Investor Finance Charge Collections 7,674,182.93 7,672,307.93 15,344,615.85 18,599,546.46 12,089,685.25 Investor Monthly Interest 650,270.83 604,322.92 1,205,208.33 1,688,795.37 940,299.39 Investor Default Amount 2,220,740.40 2,220,740.40 4,441,480.80 5,383,616.59 3,499,345.01 Investor Monthly Fees 833,333.33 833,333.33 1,666,666.67 2,020,203.33 1,313,130.00 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 3,704,344.57 3,658,396.65 7,313,355.80 9,092,615.29 5,752,774.40 Reallocated Investor Finance Charge Collections 7,716,954.66 7,671,006.75 15,338,575.99 18,820,161.24 12,075,668.84 Investment Funding Account Proceeds 0.00 Available Excess 4,014,485.10 4,012,610.10 8,025,220.20 9,727,545.95 6,322,894.44 2. Group 2 Allocations Series 2001-1 Series 2001-3 Series 2001-4 Series 2001-5 Series 2001-6 ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 750,000,000.00 750,000,000.00 725,000,000.00 500,000,000.00 700,000,000.00 Investor Finance Charge Collections 11,508,461.89 11,508,461.89 11,124,846.49 7,672,307.93 10,741,231.10 Investor Monthly Interest 897,093.75 889,937.50 860,272.92 612,812.50 824,395.83 Investor Default Amount 3,331,110.60 3,331,110.60 3,220,073.58 2,220,740.40 3,109,036.56 Investor Monthly Fees 1,250,000.00 1,250,000.00 1,208,333.33 833,333.33 1,166,666.67 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 5,478,204.35 5,471,048.10 5,288,679.83 3,666,886.23 5,100,099.06 Reallocated Investor Finance Charge Collections 11,497,119.50 11,489,963.25 11,106,964.47 7,679,496.33 10,717,753.20 Investment Funding Account Proceeds Available Excess 6,018,915.15 6,018,915.15 5,818,284.64 4,012,610.10 5,617,654.14
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2. Group 2 Allocations Series 2001-7 Series 2002-1 Series 2002-2 Series 2002-3 Series 2002-4 ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 650,000,000.00 920,000,000.00 940,000,000.00 920,000,000.00 500,000,000.00 Investor Finance Charge Collections 9,974,000.30 14,117,046.58 14,423,938.90 14,117,046.58 7,672,307.93 Investor Monthly Interest 765,943.75 1,080,233.33 1,103,090.00 1,079,006.67 560,020.83 Investor Default Amount 2,886,962.52 4,086,162.33 4,174,991.95 4,086,162.33 2,220,740.40 Investor Monthly Fees 1,083,333.33 1,533,333.33 1,566,666.67 1,533,333.33 833,333.33 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 4,736,239.60 6,699,729.00 6,844,748.62 6,698,502.33 3,614,094.57 Reallocated Investor Finance Charge Collections 9,952,632.73 14,082,931.58 14,388,455.60 14,081,704.91 7,626,704.66 Investment Funding Account Proceeds Available Excess 5,216,393.13 7,383,202.58 7,543,706.98 7,383,202.58 4,012,610.10 2. Group 2 Allocations Series 2002-5 Series 2002-6 Series 2003-1 Series 2003-2 Series 2003-3 ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 600,000,000.00 720,000,000.00 920,000,000.00 1,100,000,000.00 750,000,000.00 Investor Finance Charge Collections 9,206,769.51 11,048,123.41 14,117,046.58 16,879,077.44 11,508,461.89 Investor Monthly Interest 731,250.00 862,650.00 1,080,233.33 1,289,383.33 878,125.00 Investor Default Amount 2,664,888.48 3,197,866.17 4,086,162.33 4,885,628.88 3,331,110.60 Investor Monthly Fees 1,000,000.00 1,200,000.00 1,533,333.33 1,833,333.33 1,250,000.00 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 4,396,138.48 5,260,516.17 6,699,729.00 8,008,345.54 5,459,235.60 Reallocated Investor Finance Charge Collections 9,211,270.60 11,038,674.72 14,082,931.58 16,836,087.76 11,478,150.75 Investment Funding Account Proceeds Available Excess 4,815,132.12 5,778,158.54 7,383,202.58 8,827,742.22 6,018,915.15 2. Group 2 Allocations Series 2004-1 Series 2004-2 Group 2 Total ---------------------- ------------- ------------- ------------- Invested Amount 800,000,000.00 400,000,000.00 16,645,000,000.00 Investor Finance Charge Collections 12,275,692.68 6,137,846.34 255,413,005.87 Investor Monthly Interest 915,866.67 642,013.89 20,161,226.15 Investor Default Amount 3,553,184.64 1,776,592.32 73,928,447.88 Investor Monthly Fees 1,333,333.33 666,666.67 27,741,666.67 Investor Additional Amounts 0.00 0.00 0.00 Total 5,802,384.64 3,085,272.87 121,831,340.70 Reallocated Investor Finance Charge Collections 12,222,560.80 6,295,360.95 255,411,130.87 Investment Funding Account Proceeds 0.00 Available Excess 6,420,176.16 3,210,088.08 133,581,665.17 GROUP I GROUP II ------- -------- Group Investor Finance Charge Collections 31,149,570.18 255,411,130.87 Group Expenses 20,298,385.97 121,831,340.70 Reallocable Investor Finance Charge Collections 10,851,184.21 133,579,790.17 D. Trust Performance -------------------- Delinquencies: 31-60 Days Delinquent: 238,425,674 61-90 Days Delinquent: 134,242,508 90+ Days Delinquent: 223,038,876 Total 30+ Days Delinquent: 595,707,058
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II. Series 1999-5 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- ------------- ----------- Beginning Invested /Transferor Amount 643,097,942.30 500,000,000.00 143,097,942.30 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 9,868,090.88 7,674,182.93 2,195,782.95 Collections of Principal Receivables 158,931,409.33 123,567,033.01 35,364,376.32 Defaulted Amount 2,856,307.16 2,220,740.40 635,566.76 Ending Invested / Transferor Amounts 638,369,470.95 500,000,000.00 138,369,470.95 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 2,062,500.00 0.00 0.00 2,062,500.00 Coupon June 15, 2004 to July 14, 2004 1.4788% 1.7188% 2.1387% Monthly Interest Due 508,320.31 57,291.67 84,658.85 650,270.83 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 508,320.31 57,291.67 84,658.85 650,270.83 Investor Default Amount 1,832,110.83 177,659.23 210,970.34 2,220,740.40 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Due Total Due 3,027,931.14 301,617.57 374,795.86 3,704,344.57 Reallocated Investor Finance Charge Collections 7,716,954.66 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 1,875.00 Series Adjusted Portfolio Yield 12.9471% Base Rate 3.6101% Excess Spread Percentage 9.6348% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 508,320.31 57,291.67 84,658.85 650,270.83 Principal Deposits - Prin. Funding Account 412,500,000.00 40,000,000.00 0.00 452,500,000.00 Principal Distributions 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Total Distributions 413,008,320.31 40,057,291.67 47,584,658.85 500,650,270.83 Ending Certificates Balance 0.00 0.00 0.00 0.00
- 6 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1,001.23 2. Amount of the distribution in respect of Class A Monthly Interest: $1.23 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $1,000.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1,001.43 2. Amount of the distribution in respect of class B monthly interest: $1.43 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $1,000.00 - 7 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $47,584,658.85 2. Amount distributed in respect of Collateral Monthly Interest: $84,658.85 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $47,500,000.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 8 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $6,368,034.47 a. Class A Monthly Interest: $508,320.31 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,832,110.83 e. Excess Spread: $4,027,603.33 2. Class B Available Funds: $617,506.37 a. Class B Monthly Interest: $57,291.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $560,214.71 3. Collateral Available Funds: $733,288.82 a. Excess Spread: $733,288.82 4. Total Excess Spread: $5,321,106.86 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 1999-5 Allocable Principal Collections: $158,931,409.33 3. Principal Allocation Percentage of Series 1999-5 Allocable Principal Collections: $123,567,033.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $123,567,033.01 6. Shared Principal Collections from other Series allocated to Series 1999-5: N/A 7. Other amounts Treated as Available Principal Collections: $2,220,740.40 8. Available Principal Collections (total of 5., 6. & 7.): $125,787,773.41 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: N/A 2. Required Collateral Invested Amount: N/A 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 4. Treated as Shared Principal Collections: N/A - 9 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: $452,500,000.00 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $47,500,000.00 3. Principal Distribution: $500,000,000.00 4. Treated as Shared Principal Collections: $0.00 N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1999-5 1. Excess Spread: $5,321,106.86 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $177,659.23 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $84,658.85 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $210,970.34 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,014,485.10 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.6101% b. Prior Monthly Period 3.5393% c. Second Prior Monthly Period 3.3427% 2. Three Month Average Base Rate 3.4974% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.9471% b. Prior Monthly Period 12.5491% c. Second Prior Monthly Period 12.3213% 4. Three Month Average Series Adjusted Portfolio Yield 12.6058% - 10 -
III. Series 2000-1 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 643,097,942.30 500,000,000.00 143,097,942.30 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 9,868,090.88 7,672,307.93 2,195,782.95 Collections of Principal Receivables 158,931,409.33 123,567,033.01 35,364,376.32 Defaulted Amount 2,856,307.16 2,220,740.40 635,566.76 Ending Invested / Transferor Amounts 638,369,470.95 500,000,000.00 138,369,470.95 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 7.2000% 7.4000% 2.1387% Monthly Interest Due 2,595,000.00 185,000.00 66,835.94 2,846,835.94 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,595,000.00 185,000.00 66,835.94 2,846,835.94 Investor Default Amount 1,920,940.45 133,244.42 166,555.53 2,220,740.40 Investor Monthly Fees Due 720,833.33 50,000.00 62,500.00 833,333.33 Investor Additional Amounts Due Total Due 5,236,773.78 368,244.42 295,891.47 5,900,909.67 Reallocated Investor Finance Charge Collections 8,573,615.14 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 14.9600% Base Rate 8.9551% Excess Spread Percentage 6.4145% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00 Interest Distributions 2,595,000.00 185,000.00 66,835.94 2,846,835.94 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,595,000.00 185,000.00 66,835.94 2,846,835.94 Ending Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00
- 11 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution $6.00 2. Amount of the distribution in respect of Class A Monthly Interest: $6.00 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $6.17 2. Amount of the distribution in respect of class B monthly interest: $6.17 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 12 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $66,835.94 2. Amount distributed in respect of Collateral Monthly Interest: $66,835.94 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 13 - J. Application of Reallocated Investor Finance Charge Collections. 1 Class A Available Funds: $7,416,177.10 a. Class A Monthly Interest: $2,595,000.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,920,940.45 e. Excess Spread: $2,900,236.65 2. Class B Available Funds: $514,416.91 a. Class B Monthly Interest: $185,000.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $329,416.91 3. Collateral Available Funds: $643,021.14 a. Excess Spread: $643,021.14 4. Total Excess Spread: $3,872,674.70 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2000-1 Allocable Principal Collections: $158,931,409.33 3. Principal Allocation Percentage of Series 2000-1 Allocable Principal Collections: $123,567,033.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $123,567,033.01 6. Shared Principal Collections from other Series allocated to Series 2000-1: N/A 7. Other amounts Treated as Available Principal Collections: $2,220,740.40 8. Available Principal Collections (total of 5., 6. & 7.): $125,787,773.41 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $37,500,000.00 2. Required Collateral Invested Amount: $37,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $125,787,773.41 - 14 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-1 1. Excess Spread: $3,872,674.70 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $133,244.42 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $66,835.94 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $166,555.53 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $2,672,705.47 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.9551% b. Prior Monthly Period 9.2477% c. Second Prior Monthly Period 8.3950% 2. Three Month Average Base Rate 8.8659% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 14.9600% b. Prior Monthly Period 15.1856% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 14.1543% - 15 -
IV. Series 2000-2 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 643,097,942.30 500,000,000.00 143,097,942.30 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 9,868,090.88 7,672,307.93 2,195,782.95 Collections of Principal Receivables 158,931,409.33 123,567,033.01 35,364,376.32 Defaulted Amount 2,856,307.16 2,220,740.40 635,566.76 Ending Invested / Transferor Amounts 638,369,470.95 500,000,000.00 138,369,470.95 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.4038% 1.5888% 1.7388% Monthly Interest Due 482,539.06 52,958.33 68,825.52 604,322.92 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 482,539.06 52,958.33 68,825.52 604,322.92 Investor Default Amount 1,832,110.83 177,659.23 210,970.34 2,220,740.40 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Due Total Due 3,002,149.89 297,284.23 358,962.53 3,658,396.65 Reallocated Investor Finance Charge Collections 7,671,006.75 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8345% Base Rate 3.4983% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 482,539.06 52,958.33 68,825.52 604,322.92 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 482,539.06 52,958.33 68,825.52 604,322.92 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 16 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution $1.17 2. Amount of the distribution in respect of Class A Monthly Interest: $1.17 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.32 2. Amount of the distribution in respect of class B monthly interest: $1.32 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 17 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $68,825.52 2. Amount distributed in respect of Collateral Monthly Interest: $68,825.52 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 18 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $6,328,580.57 a. Class A Monthly Interest: $482,539.06 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,832,110.83 e. Excess Spread: $4,013,930.67 2. Class B Available Funds: $613,680.54 a. Class B Monthly Interest: $52,958.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $560,722.21 3. Collateral Available Funds: $728,745.64 a. Excess Spread: $728,745.64 4. Total Excess Spread: $5,303,398.52 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2000-2 Allocable Principal Collections: $158,931,409.33 3. Principal Allocation Percentage of Series 2000-2 Allocable Principal Collections: $123,567,033.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $123,567,033.01 6. Shared Principal Collections from other Series allocated to Series 2000-2: N/A 7. Other amounts Treated as Available Principal Collections: $2,220,740.40 8. Available Principal Collections (total of 5., 6. & 7.): $125,787,773.41 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $47,500,000.00 2. Required Collateral Invested Amount: $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $125,787,773.41 - 19 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-2 1. Excess Spread: $5,303,398.52 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $177,659.23 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $68,825.52 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $210,970.34 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,012,610.10 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4983% b. Prior Monthly Period 3.4661% c. Second Prior Monthly Period 3.2694% 2. Three Month Average Base Rate 3.4113% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8345% b. Prior Monthly Period 12.4783% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5433% - 20 -
V. Series 2000-3 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ---------- Beginning Invested /Transferor Amount 1,286,195,884.60 1,000,000,000.00 286,195,884.60 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 19,736,181.76 15,344,615.85 4,391,565.91 Collections of Principal Receivables 317,862,818.66 247,134,066.02 70,728,752.64 Defaulted Amount 5,712,614.32 4,441,480.80 1,271,133.53 Ending Invested / Transferor Amounts 1,276,738,941.90 1,000,000,000.00 276,738,941.90 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3987% 1.5888% 1.7388% Monthly Interest Due 961,640.63 105,916.67 137,651.04 1,205,208.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 961,640.63 105,916.67 137,651.04 1,205,208.33 Investor Default Amount 3,664,221.66 355,318.46 421,940.68 4,441,480.80 Investor Monthly Fees Due 1,375,000.00 133,333.33 158,333.33 1,666,666.67 Investor Additional Amounts Due Total Due 6,000,862.28 594,568.46 717,925.05 7,313,355.80 Reallocated Investor Finance Charge Collections 15,338,575.99 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8305% Base Rate 3.4941% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00 Interest Distributions 961,640.63 105,916.67 137,651.04 1,205,208.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 961,640.63 105,916.67 137,651.04 1,205,208.33 Ending Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00
- 21 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.17 2. Amount of the distribution in respect of Class A Monthly Interest: $1.17 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.32 2. Amount of the distribution in respect of class B monthly interest: $1.32 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 22 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $137,651.04 2. Amount distributed in respect of Collateral Monthly Interest: $137,651.04 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 23 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $12,654,325.20 a. Class A Monthly Interest: $961,640.63 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,664,221.66 e. Excess Spread: $8,028,462.91 2. Class B Available Funds: $1,227,086.08 a. Class B Monthly Interest: $105,916.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,121,169.41 3. Collateral Available Funds: $1,457,164.72 a. Excess Spread: $1,457,164.72 4. Total Excess Spread: $10,606,797.04 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2000-3 Allocable Principal Collections: $317,862,818.66 3. Principal Allocation Percentage of Series 2000-3 Allocable Principal Collections: $247,134,066.02 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $247,134,066.02 6. Shared Principal Collections from other Series allocated to Series 2000-3: N/A 7. Other amounts Treated as Available Principal Collections: $4,441,480.80 8. Available Principal Collections (total of 5., 6. & 7.): $251,575,546.82 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $95,000,000.00 2. Required Collateral Invested Amount: $95,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $251,575,546.82 - 24 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-3 1. Excess Spread: $10,606,797.04 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $355,318.46 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $137,651.04 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $421,940.68 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $8,025,220.20 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4941% b. Prior Monthly Period 3.4523% c. Second Prior Monthly Period 3.2556% 2. Three Month Average Base Rate 3.4007% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8305% b. Prior Monthly Period 12.4649% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5375% - 25 -
VI. Series 2000-4 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,559,026,328.03 1,212,122,000.00 346,904,328.03 Beginning Adjusted Invested Amount N/A 1,212,122,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 23,922,660.11 18,599,546.46 5,323,113.65 Collections of Principal Receivables 385,288,515.48 299,556,638.37 85,731,877.11 Defaulted Amount 6,924,385.50 5,383,616.59 1,540,768.91 Ending Invested / Transferor Amounts 1,547,563,359.73 1,212,122,000.00 335,441,359.73 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ----------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.6450% 1.8700% 1.7388% Monthly Interest Due 1,370,833.33 151,111.58 166,850.45 1,688,795.37 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,370,833.33 151,111.58 166,850.45 1,688,795.37 Investor Default Amount 4,441,480.80 430,690.39 511,445.40 5,383,616.59 Investor Monthly Fees Due 1,666,666.67 161,616.67 191,920.00 2,020,203.33 Investor Additional Amounts Due Total Due 7,478,980.80 743,418.64 870,215.85 9,092,615.29 Reallocated Investor Finance Charge Collections 18,820,161.24 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.0519% Base Rate 3.7229% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00 Interest Distributions 1,370,833.33 151,111.58 166,850.45 1,688,795.37 Interest Deposits - Interest Funding Account (1,370,833.33) (151,111.58) 0.00 (1,521,944.92) Interest Funding Account Distributions 0.00 0.00 0.00 0.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 0.00 0.00 166,850.45 166,850.45 Ending Interest Funding Account Balance 1,370,833.33 151,111.58 0.00 1,521,944.92 Ending Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00
- 26 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution $1.37 2. Amount of the distribution in respect of Class A Monthly Interest: $1.37 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.56 2. Amount of the distribution in respect of class B monthly interest: $1.56 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 27 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $166,850.45 2. Amount distributed in respect of Collateral Monthly Interest: $166,850.45 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 28 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds (Includes Int. Income from IFA): $15,526,622.93 a. Class A Monthly Interest: $1,370,833.33 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $4,441,480.80 e. Excess Spread: $9,714,308.80 2. Class B Available Funds: $1,505,616.63 a. Class B Monthly Interest: $151,111.58 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,354,505.04 3. Collateral Available Funds: $1,787,921.68 a. Excess Spread: $1,787,921.68 4. Total Excess Spread: $12,856,735.53 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2000-4 Allocable Principal Collections: $385,288,515.48 3. Principal Allocation Percentage of Series 2000-4 Allocable Principal Collections: $299,556,638.37 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $299,556,638.37 6. Shared Principal Collections from other Series allocated to Series 2000-4: N/A 7. Other amounts Treated as Available Principal Collections: $5,383,616.59 8. Available Principal Collections (total of 5., 6. & 7.): $304,940,254.96 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $115,152,000.00 2. Required Collateral Invested Amount: $115,152,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $304,940,254.96 - 29 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-4 1. Excess Spread: $12,856,735.53 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $430,690.39 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $166,850.45 9. Applied to unpaid Monthly Servicing Fee: $2,020,203.33 10. Collateral Default Amount treated as Available Principal Collections: $511,445.40 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $9,727,545.95 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.7229% b. Prior Monthly Period 3.4370% c. Second Prior Monthly Period 3.2403% 2. Three Month Average Base Rate 3.4667% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.0519% b. Prior Monthly Period 12.4521% c. Second Prior Monthly Period 12.3181% 4. Three Month Average Series Adjusted Portfolio Yield 12.6073% - 30 -
VII. Series 2000-5 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,013,365,441.17 787,878,000.00 225,487,441.17 Beginning Adjusted Invested Amount N/A 787,878,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 15,549,703.41 12,089,685.25 3,460,018.16 Collections of Principal Receivables 250,437,121.84 194,711,493.67 55,725,628.17 Defaulted Amount 4,500,843.15 3,499,345.01 1,001,498.14 Ending Invested / Transferor Amounts 1,005,914,524.06 787,878,000.00 218,036,524.06 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3788% 1.6187% 1.7388% Monthly Interest Due 746,822.92 85,024.84 108,451.63 940,299.39 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 746,822.92 85,024.84 108,451.63 940,299.39 Investor Default Amount 2,886,962.52 279,946.53 332,435.95 3,499,345.01 Investor Monthly Fees Due 1,083,333.33 105,050.00 124,746.67 1,313,130.00 Investor Additional Amounts Due Total Due 4,717,118.77 470,021.38 565,634.25 5,752,774.40 Reallocated Investor Finance Charge Collections 12,075,668.84 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8166% Base Rate 3.4798% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00 Interest Distributions 746,822.92 85,024.84 108,451.63 940,299.39 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 746,822.92 85,024.84 108,451.63 940,299.39 Ending Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00
- 31 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.15 2. Amount of the distribution in respect of Class A Monthly Interest: $1.15 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.35 2. Amount of the distribution in respect of class B monthly interest: $1.35 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 32 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $108,451.63 2. Amount distributed in respect of Collateral Monthly Interest: $108,451.63 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 33 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,962,436.76 a. Class A Monthly Interest: $746,822.92 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,886,962.52 e. Excess Spread: $6,328,651.32 2. Class B Available Funds: $966,049.83 a. Class B Monthly Interest: $85,024.84 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $881,024.98 3. Collateral Available Funds: $1,147,182.26 a. Excess Spread: $1,147,182.26 4. Total Excess Spread: $8,356,858.56 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2000-5 Allocable Principal Collections: $250,437,121.84 3. Principal Allocation Percentage of Series 2000-5 Allocable Principal Collections: $194,711,493.67 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $194,711,493.67 6. Shared Principal Collections from other Series allocated to Series 2000-5: N/A 7. Other amounts Treated as Available Principal Collections: $3,499,345.01 8. Available Principal Collections (total of 5., 6. & 7.): $198,210,838.68 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $74,848,000.00 2. Required Collateral Invested Amount: $74,848,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $198,210,838.68 - 34 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-5 1. Excess Spread: $8,356,858.56 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $279,946.53 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $108,451.63 9. Applied to unpaid Monthly Servicing Fee: $1,313,130.00 10. Collateral Default Amount treated as Available Principal Collections: $332,435.95 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,322,894.44 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4798% b. Prior Monthly Period 3.4428% c. Second Prior Monthly Period 3.2461% 2. Three Month Average Base Rate 3.3896% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8166% b. Prior Monthly Period 12.4558% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5299% - 35 -
VIII. Series 2001-1 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 964,646,913.45 750,000,000.00 214,646,913.45 Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 14,802,136.32 11,508,461.89 3,293,674.43 Collections of Principal Receivables 238,397,114.00 185,350,549.52 53,046,564.48 Defaulted Amount 4,284,460.74 3,331,110.60 953,350.14 Ending Invested / Transferor Amounts 957,554,206.42 750,000,000.00 207,554,206.42 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3788% 1.6587% 1.7388% Monthly Interest Due 710,917.97 82,937.50 103,238.28 897,093.75 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 710,917.97 82,937.50 103,238.28 897,093.75 Investor Default Amount 2,748,166.24 266,488.85 316,455.51 3,331,110.60 Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00 Investor Additional Amounts Due Total Due 4,490,334.21 449,426.35 538,443.79 5,478,204.35 Reallocated Investor Finance Charge Collections 11,497,119.50 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8198% Base Rate 3.4831% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00 Interest Distributions 710,917.97 82,937.50 103,238.28 897,093.75 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 710,917.97 82,937.50 103,238.28 897,093.75 Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00
- 36 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution $1.15 2. Amount of the distribution in respect of Class A Monthly Interest: $1.15 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.38 2. Amount of the distribution in respect of class B monthly interest: $1.38 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 37 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $103,238.28 2. Amount distributed in respect of Collateral Monthly Interest: $103,238.28 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 38 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,485,123.58 a. Class A Monthly Interest: $710,917.97 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,748,166.24 e. Excess Spread: $6,026,039.37 2. Class B Available Funds: $919,769.56 a. Class B Monthly Interest: $82,937.50 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $836,832.06 3. Collateral Available Funds: $1,092,226.35 a. Excess Spread: $1,092,226.35 4. Total Excess Spread: $7,955,097.78 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2001-1 Allocable Principal Collections: $238,397,114.00 3. Principal Allocation Percentage of Series 2001-1 Allocable Principal Collections: $185,350,549.52 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $185,350,549.52 6. Shared Principal Collections from other Series allocated to Series 2001-1: N/A 7. Other amounts Treated as Available Principal Collections: $3,331,110.60 8. Available Principal Collections (total of 5., 6. & 7.): $188,681,660.11 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $71,250,000.00 2. Required Collateral Invested Amount: $71,250,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $188,681,660.11 - 39 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-1 1. Excess Spread: $7,955,097.78 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $266,488.85 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $103,238.28 9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00 10. Collateral Default Amount treated as Available Principal Collections: $316,455.51 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,018,915.15 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4831% b. Prior Monthly Period 3.4557% c. Second Prior Monthly Period 3.2590% 2. Three Month Average Base Rate 3.3992% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8198% b. Prior Monthly Period 12.4682% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5350% - 40 -
IX. Series 2001-2 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 321,548,971.15 250,000,000.00 71,548,971.15 Beginning Adjusted Invested Amount N/A 250,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 4,934,045.44 3,836,153.96 1,097,891.48 Collections of Principal Receivables 79,465,704.67 61,783,516.51 17,682,188.16 Defaulted Amount 1,428,153.58 1,110,370.20 317,783.38 Ending Invested / Transferor Amounts 319,184,735.47 250,000,000.00 69,184,735.47 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 5.5300% 5.8300% 2.0888% Monthly Interest Due 996,552.08 72,875.00 32,636.72 1,102,063.80 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 996,552.08 72,875.00 32,636.72 1,102,063.80 Investor Default Amount 960,470.22 66,622.21 83,277.76 1,110,370.20 Investor Monthly Fees Due 360,416.67 25,000.00 31,250.00 416,666.67 Investor Additional Amounts Due Total Due 2,317,438.97 164,497.21 147,164.48 2,629,100.67 Reallocated Investor Finance Charge Collections 3,965,453.40 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.4465% Base Rate 7.3912% Excess Spread Percentage 6.4145% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 216,250,000.00 15,000,000.00 18,750,000.00 250,000,000.00 Interest Distributions 996,552.08 72,875.00 32,636.72 1,102,063.80 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 996,552.08 72,875.00 32,636.72 1,102,063.80 Ending Certificates Balance 216,250,000.00 15,000,000.00 18,750,000.00 250,000,000.00
- 41 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $4.61 2. Amount of the distribution in respect of Class A Monthly Interest: $4.61 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $4.86 2. Amount of the distribution in respect of class B monthly interest: $4.86 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 42 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $32,636.72 2. Amount distributed in respect of Collateral Monthly Interest: $32,636.72 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 43 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $3,430,117.19 a. Class A Monthly Interest: $996,552.08 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $960,470.22 e. Excess Spread: $1,473,094.89 2. Class B Available Funds: $237,927.20 a. Class B Monthly Interest: $72,875.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $165,052.20 3. Collateral Available Funds: $297,409.01 a. Excess Spread: $297,409.01 4. Total Excess Spread: $1,935,556.10 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2001-2 Allocable Principal Collections: $79,465,704.67 3. Principal Allocation Percentage of Series 2001-2 Allocable Principal Collections: $61,783,516.51 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $61,783,516.51 6. Shared Principal Collections from other Series allocated to Series 2001-2: N/A 7. Other amounts Treated as Available Principal Collections: $1,110,370.20 8. Available Principal Collections (total of 5., 6. & 7.): $62,893,886.70 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $18,750,000.00 2. Required Collateral Invested Amount: $18,750,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $62,893,886.70 - 44 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-2 1. Excess Spread: $1,935,556.10 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $66,622.21 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $32,636.72 9. Applied to unpaid Monthly Servicing Fee: $416,666.67 10. Collateral Default Amount treated as Available Principal Collections: $83,277.76 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $1,336,352.74 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 7.3912% b. Prior Monthly Period 7.6300% c. Second Prior Monthly Period 6.9286% 2. Three Month Average Base Rate 7.3166% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.4465% b. Prior Monthly Period 12.6218% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.7952% - 45 -
X. Series 2001-3 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 964,646,913.45 750,000,000.00 214,646,913.45 Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 14,802,136.32 11,508,461.89 3,293,674.43 Collections of Principal Receivables 238,397,114.00 185,350,549.52 53,046,564.48 Defaulted Amount 4,284,460.74 3,331,110.60 953,350.14 Ending Invested / Transferor Amounts 957,554,206.42 750,000,000.00 207,554,206.42 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3687% 1.6187% 1.7388% Monthly Interest Due 705,761.72 80,937.50 103,238.28 889,937.50 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 705,761.72 80,937.50 103,238.28 889,937.50 Investor Default Amount 2,748,166.24 266,488.85 316,455.51 3,331,110.60 Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00 Investor Additional Amounts Due Total Due 4,485,177.96 447,426.35 538,443.79 5,471,048.10 Reallocated Investor Finance Charge Collections 11,489,963.25 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8085% Base Rate 3.4715% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00 Interest Distributions 705,761.72 80,937.50 103,238.28 889,937.50 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 705,761.72 80,937.50 103,238.28 889,937.50 Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00
- 46 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.14 2. Amount of the distribution in respect of Class A Monthly Interest: $1.14 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.35 2. Amount of the distribution in respect of class B monthly interest: $1.35 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 47 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $103,238.28 2. Amount distributed in respect of Collateral Monthly Interest: $103,238.28 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 48 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,479,219.68 a. Class A Monthly Interest: $705,761.72 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,748,166.24 e. Excess Spread: $6,025,291.72 2. Class B Available Funds: $919,197.06 a. Class B Monthly Interest: $80,937.50 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $838,259.56 3. Collateral Available Funds: $1,091,546.51 a. Excess Spread: $1,091,546.51 4. Total Excess Spread: $7,955,097.78 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2001-3 Allocable Principal Collections: $238,397,114.00 3. Principal Allocation Percentage of Series 2001-3 Allocable Principal Collections: $185,350,549.52 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $185,350,549.52 6. Shared Principal Collections from other Series allocated to Series 2001-3 N/A 7. Other amounts Treated as Available Principal Collections: $3,331,110.60 8. Available Principal Collections (total of 5., 6. & 7.): $188,681,660.11 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $71,250,000.00 2. Required Collateral Invested Amount: $71,250,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $188,681,660.11 - 49 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-3 1. Excess Spread: $7,955,097.78 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $266,488.85 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $103,238.28 9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00 10. Collateral Default Amount treated as Available Principal Collections: $316,455.51 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,018,915.15 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4715% b. Prior Monthly Period 3.4344% c. Second Prior Monthly Period 3.2378% 2. Three Month Average Base Rate 3.3812% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8085% b. Prior Monthly Period 12.4477% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5245% - 50 -
XII. Series 2001-4 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 932,492,016.33 725,000,000.00 207,492,016.33 Beginning Adjusted Invested Amount N/A 725,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 14,308,731.78 11,124,846.49 3,183,885.28 Collections of Principal Receivables 230,450,543.53 179,172,197.87 51,278,345.66 Defaulted Amount 4,141,645.38 3,220,073.58 921,571.81 Ending Invested / Transferor Amounts 925,635,732.88 725,000,000.00 200,635,732.88 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3687% 1.6187% 1.7388% Monthly Interest Due 682,236.33 78,239.58 99,797.01 860,272.92 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 682,236.33 78,239.58 99,797.01 860,272.92 Investor Default Amount 2,656,560.70 257,605.89 305,906.99 3,220,073.58 Investor Monthly Fees Due 996,875.00 96,666.67 114,791.67 1,208,333.33 Investor Additional Amounts Due Total Due 4,335,672.03 432,512.14 520,495.66 5,288,679.83 Reallocated Investor Finance Charge Collections 11,106,964.47 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8085% Base Rate 3.4715% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 598,125,000.00 58,000,000.00 68,875,000.00 725,000,000.00 Interest Distributions 682,236.33 78,239.58 99,797.01 860,272.92 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 682,236.33 78,239.58 99,797.01 860,272.92 Ending Certificates Balance 598,125,000.00 58,000,000.00 68,875,000.00 725,000,000.00
- 51 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.14 2. Amount of the distribution in respect of Class A Monthly Interest: $1.14 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.35 2. Amount of the distribution in respect of class B monthly interest: $1.35 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 52 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $99,797.01 2. Amount distributed in respect of Collateral Monthly Interest: $99,797.01 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 53 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,163,245.69 a. Class A Monthly Interest: $682,236.33 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,656,560.70 e. Excess Spread: $5,824,448.66 2. Class B Available Funds: $888,557.16 a. Class B Monthly Interest: $78,239.58 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $810,317.57 3. Collateral Available Funds: $1,055,161.62 a. Excess Spread: $1,055,161.62 4. Total Excess Spread: $7,689,927.86 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2001-4 Allocable Principal Collections: $230,450,543.53 3. Principal Allocation Percentage of Series 2001-4 Allocable Principal Collections: $179,172,197.87 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $179,172,197.87 6. Shared Principal Collections from other Series allocated to Series 2001-4 N/A 7. Other amounts Treated as Available Principal Collections: $3,220,073.58 8. Available Principal Collections (total of 5., 6. & 7.): $182,392,271.44 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $68,875,000.00 2. Required Collateral Invested Amount: $68,875,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $182,392,271.44 - 54 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-4 1. Excess Spread: $7,689,927.86 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $257,605.89 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $99,797.01 9. Applied to unpaid Monthly Servicing Fee: $1,208,333.33 10. Collateral Default Amount treated as Available Principal Collections: $305,906.99 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $5,818,284.64 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4715% b. Prior Monthly Period 3.4440% c. Second Prior Monthly Period 3.2474% 2. Three Month Average Base Rate 3.3876% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8085% b. Prior Monthly Period 12.4570% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5276% - 55 -
XII. Series 2001-5 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 643,097,942.30 500,000,000.00 143,097,942.30 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 9,868,090.88 7,672,307.93 2,195,782.95 Collections of Principal Receivables 158,931,409.33 123,567,033.01 35,364,376.32 Defaulted Amount 2,856,307.16 2,220,740.40 635,566.76 Ending Invested / Transferor Amounts 638,369,470.95 500,000,000.00 138,369,470.95 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.4188% 1.6888% 1.7388% Monthly Interest Due 487,695.31 56,291.67 68,825.52 612,812.50 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 487,695.31 56,291.67 68,825.52 612,812.50 Investor Default Amount 1,832,110.83 177,659.23 210,970.34 2,220,740.40 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Due Total Due 3,007,306.14 300,617.57 358,962.53 3,666,886.23 Reallocated Investor Finance Charge Collections 7,679,496.33 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8545% Base Rate 3.5190% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 487,695.31 56,291.67 68,825.52 612,812.50 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 487,695.31 56,291.67 68,825.52 612,812.50 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 56 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.18 2. Amount of the distribution in respect of Class A Monthly Interest: $1.18 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.41 2. Amount of the distribution in respect of class B monthly interest: $1.41 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 57 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $68,825.52 2. Amount distributed in respect of Collateral Monthly Interest: $68,825.52 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 58 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $6,335,584.47 a. Class A Monthly Interest: $487,695.31 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,832,110.83 e. Excess Spread: $4,015,778.33 2. Class B Available Funds: $614,359.71 a. Class B Monthly Interest: $56,291.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $558,068.04 3. Collateral Available Funds: $729,552.15 a. Excess Spread: $729,552.15 4. Total Excess Spread: $5,303,398.52 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2001-5 Allocable Principal Collections: $158,931,409.33 3. Principal Allocation Percentage of Series 2001-5 Allocable Principal Collections: $123,567,033.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $123,567,033.01 6. Shared Principal Collections from other Series allocated to Series 2001-5 N/A 7. Other amounts Treated as Available Principal Collections: $2,220,740.40 8. Available Principal Collections (total of 5., 6. & 7.): $125,787,773.41 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $47,500,000.00 2. Required Collateral Invested Amount: $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $125,787,773.41 - 59 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-5 1. Excess Spread: $5,303,398.52 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $177,659.23 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $68,825.52 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $210,970.34 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,012,610.10 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.5190% b. Prior Monthly Period 3.5012% c. Second Prior Monthly Period 3.3045% 2. Three Month Average Base Rate 3.4415% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8545% b. Prior Monthly Period 12.5122% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5613% - 60 -
XIII. Series 2001-6 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 900,337,119.22 700,000,000.00 200,337,119.22 Beginning Adjusted Invested Amount N/A 700,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 13,815,327.23 10,741,231.10 3,074,096.14 Collections of Principal Receivables 222,503,973.06 172,993,846.21 49,510,126.85 Defaulted Amount 3,998,830.03 3,109,036.56 889,793.47 Ending Invested / Transferor Amounts 893,717,259.33 700,000,000.00 193,717,259.33 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3588% 1.5888% 1.7388% Monthly Interest Due 653,898.44 74,141.67 96,355.73 824,395.83 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 653,898.44 74,141.67 96,355.73 824,395.83 Investor Default Amount 2,564,955.16 248,722.92 295,358.47 3,109,036.56 Investor Monthly Fees Due 962,500.00 93,333.33 110,833.33 1,166,666.67 Investor Additional Amounts Due Total Due 4,181,353.60 416,197.92 502,547.54 5,100,099.06 Reallocated Investor Finance Charge Collections 10,717,753.20 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7981% Base Rate 3.4607% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 577,500,000.00 56,000,000.00 66,500,000.00 700,000,000.00 Interest Distributions 653,898.44 74,141.67 96,355.73 824,395.83 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 653,898.44 74,141.67 96,355.73 824,395.83 Ending Certificates Balance 577,500,000.00 56,000,000.00 66,500,000.00 700,000,000.00
- 61 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.13 2. Amount of the distribution in respect of Class A Monthly Interest: $1.13 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.32 2. Amount of the distribution in respect of class B monthly interest: $1.32 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 62 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $96,355.73 2. Amount distributed in respect of Collateral Monthly Interest: $96,355.73 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 63 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $8,842,146.39 a. Class A Monthly Interest: $653,898.44 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,564,955.16 e. Excess Spread: $5,623,292.79 2. Class B Available Funds: $857,420.26 a. Class B Monthly Interest: $74,141.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $783,278.59 3. Collateral Available Funds: $1,018,186.55 a. Excess Spread: $1,018,186.55 4. Total Excess Spread: $7,424,757.93 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2001-6 Allocable Principal Collections: $222,503,973.06 3. Principal Allocation Percentage of Series 2001-6 Allocable Principal Collections: $172,993,846.21 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $172,993,846.21 6. Shared Principal Collections from other Series allocated to Series 2001-6 N/A 7. Other amounts Treated as Available Principal Collections: $3,109,036.56 8. Available Principal Collections (total of 5., 6. & 7.): $176,102,882.77 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $66,500,000.00 2. Required Collateral Invested Amount: $66,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $176,102,882.77 - 64 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-6 1. Excess Spread: $7,424,757.93 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $248,722.92 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $96,355.73 9. Applied to unpaid Monthly Servicing Fee: $1,166,666.67 10. Collateral Default Amount treated as Available Principal Collections: $295,358.47 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $5,617,654.14 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4607% b. Prior Monthly Period 3.4332% c. Second Prior Monthly Period 3.2366% 2. Three Month Average Base Rate 3.3768% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7981% b. Prior Monthly Period 12.4466% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5206% - 65 -
XIV. Series 2001-7 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 836,027,324.99 650,000,000.00 186,027,324.99 Beginning Adjusted Invested Amount N/A 650,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 12,828,518.14 9,974,000.30 2,854,517.84 Collections of Principal Receivables 206,610,832.13 160,637,142.91 45,973,689.22 Defaulted Amount 3,713,199.31 2,886,962.52 826,236.79 Ending Invested / Transferor Amounts 829,880,312.23 650,000,000.00 179,880,312.23 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3588% 1.5987% 1.7388% Monthly Interest Due 607,191.41 69,279.17 89,473.18 765,943.75 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 607,191.41 69,279.17 89,473.18 765,943.75 Investor Default Amount 2,381,744.08 230,957.00 274,261.44 2,886,962.52 Investor Monthly Fees Due 893,750.00 86,666.67 102,916.67 1,083,333.33 Investor Additional Amounts Due Total Due 3,882,685.48 386,902.83 466,651.28 4,736,239.60 Reallocated Investor Finance Charge Collections 9,952,632.73 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7989% Base Rate 3.4615% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 536,250,000.00 52,000,000.00 61,750,000.00 650,000,000.00 Interest Distributions 607,191.41 69,279.17 89,473.18 765,943.75 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 607,191.41 69,279.17 89,473.18 765,943.75 Ending Certificates Balance 536,250,000.00 52,000,000.00 61,750,000.00 650,000,000.00
- 66 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.13 2. Amount of the distribution in respect of Class A Monthly Interest: $1.13 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.33 2. Amount of the distribution in respect of class B monthly interest: $1.33 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 67 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $89,473.18 2. Amount distributed in respect of Collateral Monthly Interest: $89,473.18 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 68 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $8,210,922.00 a. Class A Monthly Interest: $607,191.41 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,381,744.08 e. Excess Spread: $5,221,986.52 2. Class B Available Funds: $796,210.62 a. Class B Monthly Interest: $69,279.17 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $726,931.45 3. Collateral Available Funds: $945,500.11 a. Excess Spread: $945,500.11 4. Total Excess Spread: $6,894,418.08 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2001-7 Allocable Principal Collections: $206,610,832.13 3. Principal Allocation Percentage of Series 2001-7 Allocable Principal Collections: $160,637,142.91 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $160,637,142.91 6. Shared Principal Collections from other Series allocated to Series 2001-7 N/A 7. Other amounts Treated as Available Principal Collections: $2,886,962.52 8. Available Principal Collections (total of 5., 6. & 7.): $163,524,105.43 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $61,750,000.00 2. Required Collateral Invested Amount: $61,750,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $163,524,105.43 - 69 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-7 1. Excess Spread: $6,894,418.08 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $230,957.00 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $89,473.18 9. Applied to unpaid Monthly Servicing Fee: $1,083,333.33 10. Collateral Default Amount treated as Available Principal Collections: $274,261.44 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $5,216,393.13 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4615% b. Prior Monthly Period 3.4341% c. Second Prior Monthly Period 3.2374% 2. Three Month Average Base Rate 3.3776% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7989% b. Prior Monthly Period 12.4473% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5211% - 70 -
XV. Series 2002-1 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocation Interest Interest ---------------------------------- ---------- -------------- ----------- Beginning Invested /Transferor Amount 1,183,300,213.83 920,000,000.00 263,300,213.83 Beginning Adjusted Invested Amount N/A 920,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 18,157,287.22 14,117,046.58 4,040,240.64 Collections of Principal Receivables 292,433,793.17 227,363,340.74 65,070,452.43 Defaulted Amount 5,255,605.18 4,086,162.33 1,169,442.84 Ending Invested / Transferor Amounts 1,174,599,826.55 920,000,000.00 254,599,826.55 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3488% 1.6387% 1.7388% Monthly Interest Due 853,084.38 100,510.00 126,638.96 1,080,233.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 853,084.38 100,510.00 126,638.96 1,080,233.33 Investor Default Amount 3,371,083.93 326,892.99 388,185.42 4,086,162.33 Investor Monthly Fees Due 1,265,000.00 122,666.67 145,666.67 1,533,333.33 Investor Additional Amounts Due Total Due 5,489,168.30 550,069.65 660,491.05 6,699,729.00 Reallocated Investor Finance Charge Collections 14,082,931.58 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7939% Base Rate 3.4564% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00 Interest Distributions 853,084.38 100,510.00 126,638.96 1,080,233.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 853,084.38 100,510.00 126,638.96 1,080,233.33 Ending Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00
- 71 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.12 2. Amount of the distribution in respect of Class A Monthly Interest: $1.12 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.37 2. Amount of the distribution in respect of class B monthly interest: $1.37 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 72 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $126,638.96 2. Amount distributed in respect of Collateral Monthly Interest: $126,638.96 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 73 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $11,618,418.55 a. Class A Monthly Interest: $853,084.38 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,371,083.93 e. Excess Spread: $7,394,250.25 2. Class B Available Funds: $1,126,634.53 a. Class B Monthly Interest: $100,510.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,026,124.53 3. Collateral Available Funds: $1,337,878.50 a. Excess Spread: $1,337,878.50 4. Total Excess Spread: $9,758,253.28 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2002-1 Allocable Principal Collections: $292,433,793.17 3. Principal Allocation Percentage of Series 2002-1 Allocable Principal Collections: $227,363,340.74 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $227,363,340.74 6. Shared Principal Collections from other Series allocated to Series 2002-1 N/A 7. Other amounts Treated as Available Principal Collections: $4,086,162.33 8. Available Principal Collections (total of 5., 6. & 7.): $231,449,503.07 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $87,400,000.00 2. Required Collateral Invested Amount: $87,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $231,449,503.07 - 74 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-1 1. Excess Spread: $9,758,253.28 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $326,892.99 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $126,638.96 9. Applied to unpaid Monthly Servicing Fee: $1,533,333.33 10. Collateral Default Amount treated as Available Principal Collections: $388,185.42 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,383,202.58 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4563% b. Prior Monthly Period 3.4386% c. Second Prior Monthly Period 3.2419% 2. Three Month Average Base Rate 3.3789% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7939% b. Prior Monthly Period 12.4517% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5209% - 75 -
XVI. Series 2002-2 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,209,024,131.52 940,000,000.00 269,024,131.52 Beginning Adjusted Invested Amount N/A 940,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 18,552,010.85 14,423,938.90 4,128,071.95 Collections of Principal Receivables 298,791,049.54 232,306,022.06 66,485,027.48 Defaulted Amount 5,369,857.46 4,174,991.95 1,194,865.51 Ending Invested / Transferor Amounts 1,200,134,605.38 940,000,000.00 260,134,605.38 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3488% 1.6288% 1.7388% Monthly Interest Due 871,629.69 102,068.33 129,391.98 1,103,090.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 871,629.69 102,068.33 129,391.98 1,103,090.00 Investor Default Amount 3,444,368.36 333,999.36 396,624.24 4,174,991.95 Investor Monthly Fees Due 1,292,500.00 125,333.33 148,833.33 1,566,666.67 Investor Additional Amounts Due Total Due 5,608,498.05 561,401.02 674,849.55 6,844,748.62 Reallocated Investor Finance Charge Collections 14,388,455.60 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7931% Base Rate 3.4555% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 775,500,000.00 75,200,000.00 89,300,000.00 940,000,000.00 Interest Distributions 871,629.69 102,068.33 129,391.98 1,103,090.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 871,629.69 102,068.33 129,391.98 1,103,090.00 Ending Certificates Balance 775,500,000.00 75,200,000.00 89,300,000.00 940,000,000.00
- 76 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.12 2. Amount of the distribution in respect of Class A Monthly Interest: $1.12 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.36 2. Amount of the distribution in respect of class B monthly interest: $1.36 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 77 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $129,391.98 2. Amount distributed in respect of Collateral Monthly Interest: $129,391.98 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 78 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $11,870,475.87 a. Class A Monthly Interest: $871,629.69 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,444,368.36 e. Excess Spread: $7,554,477.82 2. Class B Available Funds: $1,151,076.45 a. Class B Monthly Interest: $102,068.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,049,008.11 3. Collateral Available Funds: $1,366,903.28 a. Excess Spread: $1,366,903.28 4. Total Excess Spread: $9,970,389.22 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2002-2 Allocable Principal Collections: $298,791,049.54 3. Principal Allocation Percentage of Series 2002-2 Allocable Principal Collections: $232,306,022.06 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $232,306,022.06 6. Shared Principal Collections from other Series allocated to Series 2002-2 N/A 7. Other amounts Treated as Available Principal Collections: $4,174,991.95 8. Available Principal Collections (total of 5., 6. & 7.): $236,481,014.01 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $89,300,000.00 2. Required Collateral Invested Amount: $89,300,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $236,481,014.01 - 79 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-2 1. Excess Spread: $9,970,389.22 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $333,999.36 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $129,391.98 9. Applied to unpaid Monthly Servicing Fee: $1,566,666.67 10. Collateral Default Amount treated as Available Principal Collections: $396,624.24 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,543,706.98 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4555% b. Prior Monthly Period 3.4329% c. Second Prior Monthly Period 3.2363% 2. Three Month Average Base Rate 3.3749% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7931% b. Prior Monthly Period 12.4463% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5188% - 80 -
XVII. Series 2002-3 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,183,300,213.83 920,000,000.00 263,300,213.83 Beginning Adjusted Invested Amount N/A 920,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 18,157,287.22 14,117,046.58 4,040,240.64 Collections of Principal Receivables 292,433,793.17 227,363,340.74 65,070,452.43 Defaulted Amount 5,255,605.18 4,086,162.33 1,169,442.84 Ending Invested / Transferor Amounts 1,174,599,826.55 920,000,000.00 254,599,826.55 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3488% 1.6187% 1.7388% Monthly Interest Due 853,084.38 99,283.33 126,638.96 1,079,006.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 853,084.38 99,283.33 126,638.96 1,079,006.67 Investor Default Amount 3,371,083.93 326,892.99 388,185.42 4,086,162.33 Investor Monthly Fees Due 1,265,000.00 122,666.67 145,666.67 1,533,333.33 Investor Additional Amounts Due Total Due 5,489,168.30 548,842.99 660,491.05 6,698,502.33 Reallocated Investor Finance Charge Collections 14,081,704.91 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7923% Base Rate 3.4547% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00 Interest Distributions 853,084.38 99,283.33 126,638.96 1,079,006.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 853,084.38 99,283.33 126,638.96 1,079,006.67 Ending Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00
- 81 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1 . Total amount of the distribution: $1.12 2. Amount of the distribution in respect of Class A Monthly Interest: $1.12 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.35 2. Amount of the distribution in respect of class B monthly interest: $1.35 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5 . Amount of the distribution in respect of class B principal: $0.00 - 82 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $126,638.96 2. Amount distributed in respect of Collateral Monthly Interest: $126,638.96 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 83 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $11,617,406.55 a. Class A Monthly Interest: $853,084.38 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,371,083.93 e. Excess Spread: $7,393,238.25 2. Class B Available Funds: $1,126,536.39 a. Class B Monthly Interest: $99,283.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,027,253.06 3. Collateral Available Funds: $1,337,761.97 a. Excess Spread: $1,337,761.97 4. Total Excess Spread: $9,758,253.28 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2002-3 Allocable Principal Collections: $292,433,793.17 3. Principal Allocation Percentage of Series 2002-3 Allocable Principal Collections: $227,363,340.74 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $227,363,340.74 6. Shared Principal Collections from other Series allocated to Series 2002-3 N/A 7. Other amounts Treated as Available Principal Collections: $4,086,162.33 8. Available Principal Collections (total of 5., 6. & 7.): $231,449,503.07 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $87,400,000.00 2. Required Collateral Invested Amount: $87,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $231,449,503.07 - 84 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-3 1. Excess Spread: $9,758,253.28 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $326,892.99 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $126,638.96 9. Applied to unpaid Monthly Servicing Fee: $1,533,333.33 10. Collateral Default Amount treated as Available Principal Collections: $388,185.42 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,383,202.58 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4547% b. Prior Monthly Period 3.4321% c. Second Prior Monthly Period 3.2355% 2. Three Month Average Base Rate 3.3741% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7923% b. Prior Monthly Period 12.4455% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5183% - 85 -
XVIII. Series 2002-4 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 643,097,942.30 500,000,000.00 143,097,942.30 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 9,868,090.88 7,672,307.93 2,195,782.95 Collections of Principal Receivables 158,931,409.33 123,567,033.01 35,364,376.32 Defaulted Amount 2,856,307.16 2,220,740.40 635,566.76 Ending Invested / Transferor Amounts 638,369,470.95 500,000,000.00 138,369,470.95 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.2788% 1.5488% 1.7388% Monthly Interest Due 439,570.31 51,625.00 68,825.52 560,020.83 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 439,570.31 51,625.00 68,825.52 560,020.83 Investor Default Amount 1,832,110.83 177,659.23 210,970.34 2,220,740.40 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Due Total Due 2,959,181.14 295,950.90 358,962.53 3,614,094.57 Reallocated Investor Finance Charge Collections 7,626,704.66 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7302% Base Rate 3.3905% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 439,570.31 51,625.00 68,825.52 560,020.83 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 439,570.31 51,625.00 68,825.52 560,020.83 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 86 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.07 2. Amount of the distribution in respect of Class A Monthly Interest: $1.07 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.29 2. Amount of the distribution in respect of class B monthly interest: $1.29 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 87 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $68,825.52 2. Amount distributed in respect of Collateral Monthly Interest: $68,825.52 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 88 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $6,292,031.35 a. Class A Monthly Interest: $439,570.31 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,832,110.83 e. Excess Spread: $4,020,350.21 2. Class B Available Funds: $610,136.37 a. Class B Monthly Interest: $51,625.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $558,511.37 3. Collateral Available Funds: $724,536.94 a. Excess Spread: $724,536.94 4. Total Excess Spread: $5,303,398.52 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2002-4 Allocable Principal Collections: $158,931,409.33 3. Principal Allocation Percentage of Series 2002-4 Allocable Principal Collections: $123,567,033.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $123,567,033.01 6. Shared Principal Collections from other Series allocated to Series 2002-4 N/A 7. Other amounts Treated as Available Principal Collections: $2,220,740.40 8. Available Principal Collections (total of 5., 6. & 7.): $125,787,773.41 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $47,500,000.00 2. Required Collateral Invested Amount: $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $125,787,773.41 - 89 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-4 1. Excess Spread: $5,303,398.52 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $177,659.23 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $68,825.52 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $210,970.34 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,012,610.10 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.3905% b. Prior Monthly Period 3.3535% c. Second Prior Monthly Period 3.1568% 2. Three Month Average Base Rate 3.3002% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7302% b. Prior Monthly Period 12.3694% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.4723% - 90 -
XIX. Series 2002-5 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 771,717,530.76 600,000,000.00 171,717,530.76 Beginning Adjusted Invested Amount N/A 600,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 11,841,709.06 9,206,769.51 2,634,939.54 Collections of Principal Receivables 190,717,691.20 148,280,439.61 42,437,251.58 Defaulted Amount 3,427,568.59 2,664,888.48 762,680.12 Ending Invested / Transferor Amounts 766,043,365.14 600,000,000.00 166,043,365.14 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.4087% 1.6888% 1.7388% Monthly Interest Due 581,109.38 67,550.00 82,590.63 731,250.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 581,109.38 67,550.00 82,590.63 731,250.00 Investor Default Amount 2,198,533.00 213,191.08 253,164.41 2,664,888.48 Investor Monthly Fees Due 825,000.00 80,000.00 95,000.00 1,000,000.00 Investor Additional Amounts Due Total Due 3,604,642.37 360,741.08 430,755.03 4,396,138.48 Reallocated Investor Finance Charge Collections 9,211,270.60 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8464% Base Rate 3.5106% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 495,000,000.00 48,000,000.00 57,000,000.00 600,000,000.00 Interest Distributions 581,109.38 67,550.00 82,590.63 731,250.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 581,109.38 67,550.00 82,590.63 731,250.00 Ending Certificates Balance 495,000,000.00 48,000,000.00 57,000,000.00 600,000,000.00
- 91 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.17 2. Amount of the distribution in respect of Class A Monthly Interest: $1.17 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.41 2. Amount of the distribution in respect of class B monthly interest: $1.41 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 92 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $82,590.63 2. Amount distributed in respect of Collateral Monthly Interest: $82,590.63 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 93 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $7,599,298.24 a. Class A Monthly Interest: $581,109.38 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,198,533.00 e. Excess Spread: $4,819,655.87 2. Class B Available Funds: $736,901.65 a. Class B Monthly Interest: $67,550.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $669,351.65 3. Collateral Available Funds: $875,070.71 a. Excess Spread: $875,070.71 4. Total Excess Spread: $6,364,078.23 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2002-5 Allocable Principal Collections: $190,717,691.20 3. Principal Allocation Percentage of Series 2002-5 Allocable Principal Collections: $148,280,439.61 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $148,280,439.61 6. Shared Principal Collections from other Series allocated to Series 2002-5 N/A 7. Other amounts Treated as Available Principal Collections: $2,664,888.48 8. Available Principal Collections (total of 5., 6. & 7.): $150,945,328.09 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $57,000,000.00 2. Required Collateral Invested Amount: $57,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $150,945,328.09 - 94 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-5 1. Excess Spread: $6,364,078.23 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $213,191.08 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $82,590.63 9. Applied to unpaid Monthly Servicing Fee: $1,000,000.00 10. Collateral Default Amount treated as Available Principal Collections: $253,164.41 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,815,132.12 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.5106% b. Prior Monthly Period 3.4928% c. Second Prior Monthly Period 3.2962% 2. Three Month Average Base Rate 3.4332% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8464% b. Prior Monthly Period 12.5041% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5559% - 95 -
XX. Series 2002-6 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 926,061,036.91 720,000,000.00 206,061,036.91 Beginning Adjusted Invested Amount N/A 720,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 14,210,050.87 11,048,123.41 3,161,927.45 Collections of Principal Receivables 228,861,229.44 177,936,527.54 50,924,701.90 Defaulted Amount 4,113,082.31 3,197,866.17 915,216.14 Ending Invested / Transferor Amounts 919,252,038.17 720,000,000.00 199,252,038.17 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ----------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3788% 1.6888% 1.7388% Monthly Interest Due 682,481.25 81,060.00 99,108.75 862,650.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 682,481.25 81,060.00 99,108.75 862,650.00 Investor Default Amount 2,638,239.59 255,829.29 303,797.29 3,197,866.17 Investor Monthly Fees Due 990,000.00 96,000.00 114,000.00 1,200,000.00 Investor Additional Amounts Due Total Due 4,310,720.84 432,889.29 516,906.04 5,260,516.17 Reallocated Investor Finance Charge Collections 11,038,674.72 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.8221% Base Rate 3.4855% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 594,000,000.00 57,600,000.00 68,400,000.00 720,000,000.00 Interest Distributions 682,481.25 81,060.00 99,108.75 862,650.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 682,481.25 81,060.00 99,108.75 862,650.00 Ending Certificates Balance 594,000,000.00 57,600,000.00 68,400,000.00 720,000,000.00
- 96 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.15 2. Amount of the distribution in respect of Class A Monthly Interest: $1.15 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.41 2. Amount of the distribution in respect of class B monthly interest: $1.41 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 97 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $99,108.75 2. Amount distributed in respect of Collateral Monthly Interest: $99,108.75 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 98 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,106,906.64 a. Class A Monthly Interest: $682,481.25 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,638,239.59 e. Excess Spread: $5,786,185.80 2. Class B Available Funds: $883,093.98 a. Class B Monthly Interest: $81,060.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $802,033.98 3. Collateral Available Funds: $1,048,674.10 a. Excess Spread: $1,048,674.10 4. Total Excess Spread: $7,636,893.87 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2002-6 Allocable Principal Collections: $228,861,229.44 3. Principal Allocation Percentage of Series 2002-6 Allocable Principal Collections: $177,936,527.54 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $177,936,527.54 6. Shared Principal Collections from other Series allocated to Series 2002-6 N/A 7. Other amounts Treated as Available Principal Collections: $3,197,866.17 8. Available Principal Collections (total of 5., 6. & 7.): $181,134,393.71 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $68,400,000.00 2. Required Collateral Invested Amount: $68,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $181,134,393.71 - 99 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-6 1. Excess Spread: $7,636,893.87 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $255,829.29 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $99,108.75 9. Applied to unpaid Monthly Servicing Fee: $1,200,000.00 10. Collateral Default Amount treated as Available Principal Collections: $303,797.29 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $5,778,158.54 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4855% b. Prior Monthly Period 3.4677% c. Second Prior Monthly Period 3.2711% 2. Three Month Average Base Rate 3.4081% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.8221% b. Prior Monthly Period 12.4799% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5397% - 100 -
XXI. Series 2003-1 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,183,300,213.83 920,000,000.00 263,300,213.83 Beginning Adjusted Invested Amount N/A 920,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 18,157,287.22 14,117,046.58 4,040,240.64 Collections of Principal Receivables 292,433,793.17 227,363,340.74 65,070,452.43 Defaulted Amount 5,255,605.18 4,086,162.33 1,169,442.84 Ending Invested / Transferor Amounts 1,174,599,826.55 920,000,000.00 254,599,826.55 ------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3488% 1.6387% 1.7388% Monthly Interest Due 853,084.38 100,510.00 126,638.96 1,080,233.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 853,084.38 100,510.00 126,638.96 1,080,233.33 Investor Default Amount 3,371,083.93 326,892.99 388,185.42 4,086,162.33 Investor Monthly Fees Due 1,265,000.00 122,666.67 145,666.67 1,533,333.33 Investor Additional Amounts Due Total Due 5,489,168.30 550,069.65 660,491.05 6,699,729.00 Reallocated Investor Finance Charge Collections 14,082,931.58 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7939% Base Rate 3.4564% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00 Interest Distributions 853,084.38 100,510.00 126,638.96 1,080,233.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 853,084.38 100,510.00 126,638.96 1,080,233.33 Ending Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00
- 101- D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.12 2 . Amount of the distribution in respect of Class A Monthly Interest: $1.12 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 originalcertificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.37 2. Amount of the distribution in respect of class B monthly interest: $1.37 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 102 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $126,638.96 2. Amount distributed in respect of Collateral Monthly Interest: $126,638.96 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 103 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $11,618,418.55 a. Class A Monthly Interest: $853,084.38 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,371,083.93 e. Excess Spread: $7,394,250.25 2. Class B Available Funds: $1,126,634.53 a. Class B Monthly Interest: $100,510.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,026,124.53 3. Collateral Available Funds: $1,337,878.50 a. Excess Spread: $1,337,878.50 4. Total Excess Spread: $9,758,253.28 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2003-1 Allocable Principal Collections: $292,433,793.17 3. Principal Allocation Percentage of Series 2003-1 Allocable Principal Collections: $227,363,340.74 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $227,363,340.74 6. Shared Principal Collections from other Series allocated to Series 2003-1 N/A 7. Other amounts Treated as Available Principal Collections: $4,086,162.33 8. Available Principal Collections (total of 5., 6. & 7.): $231,449,503.07 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $87,400,000.00 2. Required Collateral Invested Amount: $87,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $231,449,503.07 - 104 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-1 1. Excess Spread: $9,758,253.28 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $326,892.99 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $126,638.96 9. Applied to unpaid Monthly Servicing Fee: $1,533,333.33 10. Collateral Default Amount treated as Available Principal Collections: $388,185.42 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,383,202.58 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4563% b. Prior Monthly Period 3.4434% c. Second Prior Monthly Period 3.2467% 2. Three Month Average Base Rate 3.3822% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7939% b. Prior Monthly Period 12.4564% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5225% - 105 -
XXII. Series 2003-2 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,414,815,473.06 1,100,000,000.00 314,815,473.06 Beginning Adjusted Invested Amount N/A 1,100,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 21,709,799.94 16,879,077.44 4,830,722.50 Collections of Principal Receivables 349,649,100.53 271,847,472.62 77,801,627.90 Defaulted Amount 6,283,875.76 4,885,628.88 1,398,246.88 Ending Invested / Transferor Amounts 1,404,412,836.09 1,100,000,000.00 304,412,836.09 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3488% 1.6088% 1.7388% Monthly Interest Due 1,019,992.19 117,975.00 151,416.15 1,289,383.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,019,992.19 117,975.00 151,416.15 1,289,383.33 Investor Default Amount 4,030,643.82 390,850.31 464,134.74 4,885,628.88 Investor Monthly Fees Due 1,512,500.00 146,666.67 174,166.67 1,833,333.33 Investor Additional Amounts Due Total Due 6,563,136.01 655,491.98 789,717.56 8,008,345.54 Reallocated Investor Finance Charge Collections 16,836,087.76 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7916% Base Rate 3.4539% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 907,500,000.00 88,000,000.00 104,500,000.00 1,100,000,000.00 Interest Distributions 1,019,992.19 117,975.00 151,416.15 1,289,383.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,019,992.19 117,975.00 151,416.15 1,289,383.33 Ending Certificates Balance 907,500,000.00 88,000,000.00 104,500,000.00 1,100,000,000.00
- 106 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.12 2. Amount of the distribution in respect of Class A Monthly Interest: $1.12 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.34 2. Amount of the distribution in respect of class B monthly interest: $1.34 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 107 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $151,416.15 2. Amount distributed in respect of Collateral Monthly Interest: $151,416.15 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 108 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $13,889,772.40 a. Class A Monthly Interest: $1,019,992.19 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $4,030,643.82 e. Excess Spread: $8,839,136.39 2. Class B Available Funds: $1,346,887.02 a. Class B Monthly Interest: $117,975.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,228,912.02 3. Collateral Available Funds: $1,599,428.34 a. Excess Spread: $1,599,428.34 4. Total Excess Spread: $11,667,476.75 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2003-2 Allocable Principal Collections: $349,649,100.53 3. Principal Allocation Percentage of Series 2003-2 Allocable Principal Collections: $271,847,472.62 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $271,847,472.62 6. Shared Principal Collections from other Series allocated to Series 2003-2 N/A 7. Other amounts Treated as Available Principal Collections: $4,885,628.88 8. Available Principal Collections (total of 5., 6. & 7.): $276,733,101.50 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $104,500,000.00 2. Required Collateral Invested Amount: $104,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $276,733,101.50 - 109 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-2 1. Excess Spread: $11,667,476.75 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $390,850.31 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $151,416.15 9. Applied to unpaid Monthly Servicing Fee: $1,833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $464,134.74 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $8,827,742.22 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4539% b. Prior Monthly Period 3.4458% c. Second Prior Monthly Period 3.2491% 2. Three Month Average Base Rate 3.3829% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7915% b. Prior Monthly Period 12.4587% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5225% - 110 -
XXIII. Series 2003-3 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 964,646,913.45 750,000,000.00 214,646,913.45 Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 14,802,136.32 11,508,461.89 3,293,674.43 Collections of Principal Receivables 238,397,114.00 185,350,549.52 53,046,564.48 Defaulted Amount 4,284,460.74 3,331,110.60 953,350.14 Ending Invested / Transferor Amounts 957,554,206.42 750,000,000.00 207,554,206.42 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3488% 1.5888% 1.7388% Monthly Interest Due 695,449.22 79,437.50 103,238.28 878,125.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 695,449.22 79,437.50 103,238.28 878,125.00 Investor Default Amount 2,748,166.24 266,488.85 316,455.51 3,331,110.60 Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00 Investor Additional Amounts Due Total Due 4,474,865.46 445,926.35 538,443.79 5,459,235.60 Reallocated Investor Finance Charge Collections 11,478,150.75 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7900% Base Rate 3.4523% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00 Interest Distributions 695,449.22 79,437.50 103,238.28 878,125.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 695,449.22 79,437.50 103,238.28 878,125.00 Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00
- 111 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.12 2. Amount of the distribution in respect of Class A Monthly Interest: $1.12 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.32 2. Amount of the distribution in respect of class B monthly interest: $1.32 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 112 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $103,238.28 2. Amount distributed in respect of Collateral Monthly Interest: $103,238.28 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 113 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,469,474.37 a. Class A Monthly Interest: $695,449.22 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,748,166.24 e. Excess Spread: $6,025,858.90 2. Class B Available Funds: $918,252.06 a. Class B Monthly Interest: $79,437.50 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $838,814.56 3. Collateral Available Funds: $1,090,424.32 a. Excess Spread: $1,090,424.32 4. Total Excess Spread: $7,955,097.78 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2003-3 Allocable Principal Collections: $238,397,114.00 3. Principal Allocation Percentage of Series 2003-3 Allocable Principal Collections: $185,350,549.52 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $185,350,549.52 6. Shared Principal Collections from other Series allocated to Series 2003-3: N/A 7. Other amounts Treated as Available Principal Collections: $3,331,110.60 8. Available Principal Collections (total of 5., 6. & 7.): $188,681,660.11 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $71,250,000.00 2. Required Collateral Invested Amount: $71,250,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $188,681,660.11 - 114 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-3 1. Excess Spread: $7,955,097.78 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $266,488.85 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $103,238.28 9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00 10. Collateral Default Amount treated as Available Principal Collections: $316,455.51 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,018,915.15 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4523% b. Prior Monthly Period 3.4413% c. Second Prior Monthly Period 3.2446% 2. Three Month Average Base Rate 3.3794% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7900% b. Prior Monthly Period 12.4543% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.5205% - 115 -
XXIV. Series 2003-4 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 874,613,201.53 680,000,000.00 194,613,201.53 Beginning Adjusted Invested Amount N/A 680,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 13,420,603.60 10,434,338.78 2,986,264.82 Collections of Principal Receivables 216,146,716.69 168,051,164.89 48,095,551.79 Defaulted Amount 3,884,577.74 3,020,206.94 864,370.80 Ending Invested / Transferor Amounts 868,182,480.49 680,000,000.00 188,182,480.49 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.6900% 1.9000% 2.1387% Monthly Interest Due 828,381.67 64,600.00 90,896.88 983,878.54 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 828,381.67 64,600.00 90,896.88 983,878.54 Investor Default Amount 2,612,479.01 181,212.42 226,515.52 3,020,206.94 Investor Monthly Fees Due 980,333.33 68,000.00 85,000.00 1,133,333.33 Investor Additional Amounts Due Total Due 4,421,194.01 313,812.42 402,412.40 5,137,418.82 Reallocated Investor Finance Charge Collections 8,772,298.26 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 9.9597% Base Rate 3.7882% Excess Spread Percentage 6.4145% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 588,200,000.00 40,800,000.00 51,000,000.00 680,000,000.00 Interest Distributions 828,381.67 64,600.00 90,896.88 983,878.54 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 828,381.67 64,600.00 90,896.88 983,878.54 Ending Certificates Balance 588,200,000.00 40,800,000.00 51,000,000.00 680,000,000.00
- 116 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.41 2. Amount of the distribution in respect of Class A Monthly Interest: $1.41 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.58 2. Amount of the distribution in respect of class B monthly interest: $1.58 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 117 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $90,896.88 2. Amount distributed in respect of Collateral Monthly Interest: $90,896.88 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 118 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $7,588,037.99 a. Class A Monthly Interest: $828,381.67 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,612,479.01 e. Excess Spread: $4,147,177.32 2. Class B Available Funds: $526,337.90 a. Class B Monthly Interest: $64,600.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $461,737.90 3. Collateral Available Funds: $657,922.37 a. Excess Spread: $657,922.37 4. Total Excess Spread: $5,266,837.59 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2003-4 Allocable Principal Collections: $216,146,716.69 3. Principal Allocation Percentage of Series 2003-4 Allocable Principal Collections: $168,051,164.89 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $168,051,164.89 6. Shared Principal Collections from other Series allocated to Series 2003-4: N/A 7. Other amounts Treated as Available Principal Collections: $3,020,206.94 8. Available Principal Collections (total of 5., 6. & 7.): $171,071,371.84 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $51,000,000.00 2. Required Collateral Invested Amount: $51,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $171,071,371.84 - 119 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-4 1. Excess Spread: $5,266,837.59 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $181,212.42 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $90,896.88 9. Applied to unpaid Monthly Servicing Fee: $1,133,333.33 10. Collateral Default Amount treated as Available Principal Collections: $226,515.52 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $3,634,879.44 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.7881% b. Prior Monthly Period 3.9026% c. Second Prior Monthly Period 3.5510% 2. Three Month Average Base Rate 3.7473% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 9.9597% b. Prior Monthly Period 10.0187% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 10.7652% - 120 -
XXV. Series 2004-1 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,028,956,707.68 800,000,000.00 228,956,707.68 Beginning Adjusted Invested Amount N/A 800,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 15,788,945.41 12,275,692.68 3,513,252.73 Collections of Principal Receivables 254,290,254.93 197,707,252.82 56,583,002.11 Defaulted Amount 4,570,091.46 3,553,184.64 1,016,906.82 Ending Invested / Transferor Amounts 1,021,391,153.52 800,000,000.00 221,391,153.52 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.3188% 1.4888% 1.7888% Monthly Interest Due 734,104.17 74,437.50 107,325.00 915,866.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 734,104.17 74,437.50 107,325.00 915,866.67 Investor Default Amount 2,966,909.17 266,488.85 319,786.62 3,553,184.64 Investor Monthly Fees Due 1,113,333.33 100,000.00 120,000.00 1,333,333.33 Investor Additional Amounts Due Total Due 4,814,346.67 440,926.35 547,111.62 5,802,384.64 Reallocated Investor Finance Charge Collections 12,222,560.80 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 12.7594% Base Rate 3.4207% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ----------- ----- Beginning Certificates Balance 668,000,000.00 60,000,000.00 72,000,000.00 800,000,000.00 Interest Distributions 734,104.17 74,437.50 107,325.00 915,866.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 734,104.17 74,437.50 107,325.00 915,866.67 Ending Certificates Balance 668,000,000.00 60,000,000.00 72,000,000.00 800,000,000.00
- 121 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.10 2. Amount of the distribution in respect of Class A Monthly Interest: $1.10 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.24 2. Amount of the distribution in respect of class B monthly interest: $1.24 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 122 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $6,527,501.16 2. Amount distributed in respect of Collateral Monthly Interest: $107,325.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $6,420,176.16 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 123 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $10,205,838.26 a. Class A Monthly Interest: $734,104.17 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,966,909.17 e. Excess Spread: $6,504,824.92 2. Class B Available Funds: $916,692.06 a. Class B Monthly Interest: $74,437.50 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $842,254.56 3. Collateral Available Funds: $1,100,030.47 a. Excess Spread: $1,100,030.47 4. Total Excess Spread: $8,447,109.96 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2004-1 Allocable Principal Collections: $254,290,254.93 3. Principal Allocation Percentage of Series 2004-1 Allocable Principal Collections: $197,707,252.82 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $197,707,252.82 6. Shared Principal Collections from other Series allocated to Series 2004-1: N/A 7. Other amounts Treated as Available Principal Collections: $3,553,184.64 8. Available Principal Collections (total of 5., 6. & 7.): $201,260,437.46 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $72,000,000.00 2. Required Collateral Invested Amount: $72,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $201,260,437.46 - 124 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-1 1. Excess Spread: $8,447,109.96 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $266,488.85 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $107,325.00 9. Applied to unpaid Monthly Servicing Fee: $1,333,333.33 10. Collateral Default Amount treated as Available Principal Collections: $319,786.62 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $6,420,176.16 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.4207% b. Prior Monthly Period 3.3499% c. Second Prior Monthly Period 3.1532% 2. Three Month Average Base Rate 3.3079% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 12.7594% b. Prior Monthly Period 12.3660% c. Second Prior Monthly Period 12.3172% 4. Three Month Average Series Adjusted Portfolio Yield 12.4808% - 125 -
XXVI. Series 2004-2 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 514,478,353.84 400,000,000.00 114,478,353.84 Beginning Adjusted Invested Amount N/A 400,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 7,894,472.70 6,137,846.34 1,756,626.36 Collections of Principal Receivables 127,145,127.46 98,853,626.41 28,291,501.06 Defaulted Amount 2,285,045.73 1,776,592.32 508,453.41 Ending Invested / Transferor Amounts 510,695,576.76 400,000,000.00 110,695,576.76 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 1.2837% 1.4838% 1.7837% Monthly Interest Due 512,144.93 53,167.71 76,701.25 642,013.89 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 512,144.93 53,167.71 76,701.25 642,013.89 Investor Default Amount 1,483,454.59 133,244.42 159,893.31 1,776,592.32 Investor Monthly Fees Due 556,666.67 50,000.00 60,000.00 666,666.67 Investor Additional Amounts Due Total Due 2,552,266.18 236,412.13 296,594.56 3,085,272.87 Reallocated Investor Finance Charge Collections 6,295,360.95 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.3012% Base Rate 3.3902% Excess Spread Percentage 9.6303% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 334,000,000.00 30,000,000.00 36,000,000.00 400,000,000.00 Interest Distributions 512,144.93 53,167.71 76,701.25 642,013.89 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 512,144.93 53,167.71 76,701.25 642,013.89 Ending Certificates Balance 334,000,000.00 30,000,000.00 36,000,000.00 400,000,000.00
- 126 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.53 2. Amount of the distribution in respect of Class A Monthly Interest: $1.53 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.77 2. Amount of the distribution in respect of class B monthly interest: $1.77 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 127 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $3,286,789.33 2. Amount distributed in respect of Collateral Monthly Interest: $76,701.25 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $3,210,088.08 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 128 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $5,256,626.40 a. Class A Monthly Interest: $512,144.93 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,483,454.59 e. Excess Spread: $3,261,026.88 2. Class B Available Funds: $472,152.07 a. Class B Monthly Interest: $53,167.71 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $418,984.36 3. Collateral Available Funds: $566,582.49 a. Excess Spread: $566,582.49 4. Total Excess Spread: $4,246,593.73 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2004-2 Allocable Principal Collections: $127,145,127.46 3. Principal Allocation Percentage of Series 2004-2 Allocable Principal Collections: $98,853,626.41 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $98,853,626.41 6. Shared Principal Collections from other Series allocated to Series 2004-2: N/A 7. Other amounts Treated as Available Principal Collections: $1,776,592.32 8. Available Principal Collections (total of 5., 6. & 7.): $100,630,218.73 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $36,000,000.00 2. Required Collateral Invested Amount: $36,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $100,630,218.73 - 129 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-2 1. Excess Spread: $4,246,593.73 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $133,244.42 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $76,701.25 9. Applied to unpaid Monthly Servicing Fee: $666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $159,893.31 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $3,210,088.08 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.3902% b. Prior Monthly Period N/A c. Second Prior Monthly Period N/A 2. Three Month Average Base Rate N/A 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.3012% b. Prior Monthly Period N/A c. Second Prior Monthly Period N/A 4. Three Month Average Series Adjusted Portfolio Yield N/A - 130 -
XXVII. Series 2004-3 Certificates ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 771,717,530.76 600,000,000.00 171,717,530.76 Beginning Adjusted Invested Amount N/A 600,000,000.00 N/A Floating Allocation Percentage N/A 77.7487% 22.2514% Principal Allocation Percentage N/A 77.7487% 22.2514% Collections of Finance Chg. Receivables 11,841,709.06 9,206,769.51 2,634,939.54 Collections of Principal Receivables 190,717,691.20 148,280,439.61 42,437,251.58 Defaulted Amount 3,427,568.59 2,664,888.48 762,680.12 Ending Invested / Transferor Amounts 766,043,365.14 600,000,000.00 166,043,365.14 ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon June 15, 2004 to July 14, 2004 4.3500% 4.5500% 1.5838% Monthly Interest Due 2,712,225.00 163,041.67 90,801.67 2,966,068.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,712,225.00 163,041.67 90,801.67 2,966,068.33 Investor Default Amount 2,318,452.98 133,244.42 213,191.08 2,664,888.48 Investor Monthly Fees Due 870,000.00 50,000.00 80,000.00 1,000,000.00 Investor Additional Amounts Due Total Due 5,900,677.98 346,286.09 383,992.74 6,630,956.81 Reallocated Investor Finance Charge Collections 9,838,203.38 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 14.0767% Base Rate 6.2240% Excess Spread Percentage 6.4145% ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 522,000,000.00 30,000,000.00 48,000,000.00 600,000,000.00 Interest Distributions 2,712,225.00 163,041.67 90,801.67 2,966,068.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,712,225.00 163,041.67 90,801.67 2,966,068.33 Ending Certificates Balance 522,000,000.00 30,000,000.00 48,000,000.00 600,000,000.00
- 131 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.20 2. Amount of the distribution in respect of Class A Monthly Interest: $5.20 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the utstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.43 2. Amount of the distribution in respect of class B monthly interest: $5.43 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 132 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $3,298,048.23 2. Amount distributed in respect of Collateral Monthly Interest: $90,801.67 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $3,207,246.57 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 133 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $8,559,236.94 a. Class A Monthly Interest: $2,712,225.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,318,452.98 e. Excess Spread: $3,528,558.96 2. Class B Available Funds: $491,910.17 a. Class B Monthly Interest: $163,041.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $328,868.50 3. Collateral Available Funds: $787,056.27 a. Excess Spread: $787,056.27 4. Total Excess Spread: $4,644,483.73 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 77.7487% 2. Series 2004-3 Allocable Principal Collections: $190,717,691.20 3. Principal Allocation Percentage of Series 2004-3 Allocable Principal Collections: $148,280,439.61 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $148,280,439.61 6. Shared Principal Collections from other Series allocated to Series 2004-3: N/A 7. Other amounts Treated as Available Principal Collections: $2,664,888.48 8. Available Principal Collections (total of 5., 6. & 7.): $150,945,328.09 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $48,000,000.00 2. Required Collateral Invested Amount: $48,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $150,945,328.09 - 134 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-3 1. Excess Spread: $4,644,483.73 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $133,244.42 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $90,801.67 9. Applied to unpaid Monthly Servicing Fee: $1,000,000.00 10. Collateral Default Amount treated as Available Principal Collections: $213,191.08 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $3,207,246.57 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 6.2240% b. Prior Monthly Period N/A c. Second Prior Monthly Period N/A 2. Three Month Average Base Rate N/A 3. Series Adjusted Portfolio Yield a. Current Monthly Period 14.0767% b. Prior Monthly Period N/A c. Second Prior Monthly Period N/A 4. Three Month Average Series Adjusted Portfolio Yield N/A - 135 -