EX-99.01 9 a2195256zex-99_01.htm EXHIBIT 99.01

Exhibit 99.01

 

Residual Value Obligation

 

Quarterly certificate for the quarter ended September 30, 2009

 

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:

July 15, 2009

August 17, 2009

 

September 15, 2009

 

 

 

 

 

 

 

 

 

Allocation Dates during quarter:

July 16, 2009

August 18, 2009

 

September 16, 2009

 

 

 

 

 

 

 

 

 

 

Payment Date during quarter:

 

 

 

 

 

NA

 

 

 

 

 

 

 

 

 

 

AFCC Amount at beginning of quarter:

 

 

 

 

 

$

1,090,677,448

 

 

 

 

 

 

 

 

 

 

AFCC Amount at end of quarter:

 

 

 

 

 

$

1,132,001,716

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

$

29,207

 

 

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

$

(0

)

 

 

 

 

 

 

 

 

 

Cumulative RVO Expenses not covered by allocation (to be carried forward):

 

 

 

$

(0

)

 

 

 

 

 

 

 

 

 

Litigation Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residual Cash Flow allocated to Litigation Expenses:

 

 

 

 

 

$

—

 

 

 

 

 

 

 

 

 

 

Cumulative Litigation Expenses not covered by allocation (to be carried forward):

 

 

 

$

—

 

 

 

 

 

 

 

 

 

 

AFCC Amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AFCC Amount at end of immediately preceding Allocation Date:

 

 

 

 

 

$

1,090,677,448

 

 

 

 

 

 

 

 

 

 

plus:

AFCC Interest added on immediately preceding Securitization Distribution Date:

 

$

13,633,468

 

 

 

 

 

 

 

 

 

 

less:

Residual Cash Flow allocated to AFCC Amount:

 

 

 

 

 

$

(29,207

)

 

 

 

 

 

 

 

 

 

AFCC Amount after allocation:

 

 

 

 

 

$

1,104,281,709

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

$

31,393

 

 

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

$

(0

)

 

 

 

 

 

 

 

 

 

Cumulative RVO Expenses not covered by allocation (to be carried forward):

 

 

 

$

(0

)

 

 

 

 

 

 

 

 

 

Litigation Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residual Cash Flow allocated to Litigation Expenses:

 

 

 

 

 

$

—

 

 

 

 

 

 

 

 

 

 

Cumulative Litigation Expenses not covered by allocation (to be carried forward):

 

 

 

$

—

 

 

 

 

 

 

 

 

 

 

AFCC Amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AFCC Amount at end of immediately preceding Allocation Date:

 

 

 

 

 

$

1,104,281,709

 

 

 

 

 

 

 

 

 

 

plus:

AFCC Interest added on immediately preceding Securitization Distribution Date:

 

$

13,803,521

 

 

 

 

 

 

 

 

 

 

less:

Residual Cash Flow allocated to AFCC Amount:

 

 

 

 

 

$

(31,393

)

 

 

 

 

 

 

 

 

 

AFCC Amount after allocation:

 

 

 

 

 

$

1,118,053,837

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

$

27,794

 

 

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

$

(0

)

 

 

 

 

 

 

 

 

 

Cumulative RVO Expenses not covered by allocation (to be carried forward):

 

 

$

(0

)

 

 

 

 

 

 

 

 

 

Litigation Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residual Cash Flow allocated to Litigation Expenses:

 

 

 

 

 

$

—

 

 

 

 

 

 

 

 

 

 

Cumulative Litigation Expenses not covered by allocation (to be carried forward):

 

 

$

—

 

 

 

 

 

 

 

 

 

 

AFCC Amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AFCC Amount at end of immediately preceding Allocation Date:

 

 

 

 

 

$

1,118,053,837

 

 

 

 

 

 

 

 

 

 

plus:

AFCC Interest added on immediately preceding Securitization Distribution Date:

 

$

13,975,673

 

 

 

 

 

 

 

 

 

 

less:

Residual Cash Flow allocated to AFCC Amount:

 

 

 

 

 

$

(27,794

)

 

 

 

 

 

 

 

 

 

AFCC Amount after allocation:

 

 

 

 

 

$

1,132,001,716

 

 

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

$

—