EX-99.01 5 a2079866zex-99_01.txt EXHIBIT 99.01 EXHIBIT 99.01 RESIDUAL VALUE OBLIGATION QUARTERLY CERTIFICATE FOR THE QUARTER ENDED MARCH 31, 2002 The information below is being disclosed pursuant to the Residual Value Obligation Agreement dated as of April 3, 2000 between Associates First Capital Corporation and the Chase Manhattan Bank, as Trustee. Terms used and not otherwise defined herein have the meaning assigned to them in the Residual Value Agreement. Securitization Distribution Dates during quarter: January 15, 2002 February 15, 2002 March 15, 2002 Allocation Dates during quarter: January 16, 2002 February 18, 2002 March 18, 2002 Payment Date during quarter: NA AFCC Amount at beginning of quarter: $ 526,682,856 AFCC Amount at end of quarter: $ 557,754,108 ================================================================================================================== ON THE PAYMENT DATE DURING THE QUARTER: Accrued RVO Payment Amount as of the immediately preceding Allocation Date: $ - Interest accrued on Accrued RVO Payment Amount since immediately preceding Allocation Date: $ - Accrued RVO Payment Amount as of such Payment Date: $ - Number of RVO's outstanding as of the applicable record date N/A Payment per RVO: $ - ================================================================================================================== AS OF THE FIRST ALLOCATION DATE DURING THE QUARTER: RESIDUAL CASH FLOW: Residual Cash Flow Allocated for current period less previous Cumulative Residual $ 2,303,060 Cash Flow not covered by allocation (carried forward) Cumulative Residual Cash Flow not covered by allocation (to be carried forward) $ - Excess Litigation Reserve allocated: $ - RVO EXPENSES: Residual Cash Flow allocated to RVO Expenses: $ 5,433 Cumulative RVO Expenses not covered by allocation (to be carried forward): $ - LITIGATION EXPENSES: Residual Cash Flow allocated to Litigation Expenses: $ 460,062 Cumulative Litigation Expenses not covered by allocation (to be carried forward): $ -
AFCC AMOUNT: AFCC Amount at end of immediately preceding Allocation Date: $ 526,682,856 Plus: Correction for prior period due to Cumulative Residual Cashflow not covered by allocation (to be carried forward) $ 27,350,036 ------------------ $ 554,032,892 plus: AFCC Interest added on immediately preceding Securitization Distribution Date: $ 6,925,411 less: Residual Cash Flow allocated to AFCC Amount: $ (1,837,565) AFCC Amount after allocation: $ 559,120,738 ACCRUED RVO PAYMENT AMOUNT: Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date: $ - plus: cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made: $ - Accrued RVO Payment Amount on such Allocation Date: $ - ================================================================================================================== AS OF THE SECOND ALLOCATION DATE DURING THE QUARTER: RESIDUAL CASH FLOW: Residual Cash Flow allocated for current period $ 8,892,414 Cumulative Residual Cash Flow not covered by allocation (to be carried forward) $ - Excess Litigation Reserve allocated: $ - RVO EXPENSES: Residual Cash Flow allocated to RVO Expenses: $ - Cumulative RVO Expenses not covered by allocation (to be carried forward): $ - LITIGATION EXPENSES: Residual Cash Flow allocated to Litigation Expenses: $ (0) Cumulative Litigation Expenses not covered by allocation (to be carried forward): $ - AFCC AMOUNT: AFCC Amount at end of immediately preceding Allocation Date: $ 559,120,738 plus: AFCC Interest added on immediately preceding Securitization Distribution Date: $ 6,989,009 less: Residual Cash Flow allocated to AFCC Amount: $ (8,892,414) AFCC Amount after allocation: $ 557,217,333 ACCRUED RVO PAYMENT AMOUNT: Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date: $ - plus: cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made: $ -
Accrued RVO Payment Amount on such Allocation Date: $ - ================================================================================================================== AS OF THE THIRD ALLOCATION DATE DURING THE QUARTER: RESIDUAL CASH FLOW: Residual Cash Flow allocated for current period $ 6,428,442 Cumulative Residual Cash Flow not covered by allocation (to be carried forward) $ - Excess Litigation Reserve allocated: $ - RVO EXPENSES: Residual Cash Flow allocated to RVO Expenses: $ - Cumulative RVO Expenses not covered by allocation (to be carried forward): $ - LITIGATION EXPENSES: Residual Cash Flow allocated to Litigation Expenses: $ (0) Cumulative Litigation Expenses not covered by allocation (to be carried forward): $ - AFCC AMOUNT: AFCC Amount at end of immediately preceding Allocation Date: $ 557,217,333 plus: AFCC Interest added on immediately preceding Securitization Distribution Date: $ 6,965,217 less: Residual Cash Flow allocated to AFCC Amount: $ (6,428,442) AFCC Amount after allocation: $ 557,754,108 ACCRUED RVO PAYMENT AMOUNT: Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date: $ - plus: cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made: $ - Accrued RVO Payment Amount on such Allocation Date: $ - ==================================================================================================================