EX-99 3 ex_2.htm EXHIBIT 99.2 STATEMENT TO NOTEHOLDERS John Deere Owner Trust 2003

 

 

John Deere Owner Trust 2003

Exhibit 99.2

Statement to Noteholders

$197,000,000 Class A-1 1.08125% Asset Backed Notes due August 13, 2004

$187,000,000 Class A-2 1.31000% Asset Backed Notes due January 17, 2006

$202,000,000 Class A-3 1.79000% Asset Backed Notes due April 16, 2007

$149,000,000 Class A-4 2.44000% Asset Backed Notes due June 15, 2010

$15,150,000   Class B 2.01000% Asset Backed Notes due June 15, 2010

$7,546,670  Asset Backed Certificates

Payment Date:

15-Jun-04

(1)  Amount of principal being paid on the Notes:

(a)  A-1 Notes:

$0.00

      per $1,000 original principal amount:

$0.00

(b)  A-2 Notes:

$19,908,162.38

      per $1,000 original principal amount:

$106.46

(c)  A-3 Notes:

$0.00

      per $1,000 original principal amount:

$0.00

(d)  A-4 Notes:

$0.00

      per $1,000 original principal amount:

$0.00

(e)  B Notes:

$552,856.74

      per $1,000 original principal amount:

$36.49

(f)  Total

$20,461,019.12

(2)  Interest on the Notes

(a)  A-1 Notes:

$0.00

      per $1,000 original principal amount:

$0.00

(b)   A-2 Notes:

$155,759.17

      per $1,000 original principal amount:

$0.83

(c)  A-3 Notes:

$301,316.67

      per $1,000 original principal amount:

$1.49

(d)  A-4 Notes:

$302,966.67

      per $1,000 original principal amount:

$2.03

(e)  B Notes:

$23,314.70

      per $1,000 original principal amount:

$1.54

(f)  Total

$783,357.21

(3)  After giving effect to distributions on current Payment Date:

(a) (i)  outstanding principal amount of A-1 Notes:

$0.00

    (ii)  A-1 Note Pool Factor:

0.0000000

(b) (i)  outstanding principal amount of A-2 Notes:

$122,771,995.23

    (ii)  A-2 Note Pool Factor:

0.6565347

(c) (i)  outstanding principal amount of A-3 Notes:

$202,000,000.00

    (ii)  A-3 Note Pool Factor:

1.0000000

(d) (i)  outstanding principal amount of A-4 Notes:

$149,000,000.00

    (ii)  A-4 Note Pool Factor:

1.0000000

(e) (i)  outstanding principal amount of B Notes:

$13,366,365.51

    (ii)  B Note Pool Factor:

0.8822684

(f) (i)  Certificate Balance

$7,546,670.00

    (ii)  Certificate Pool Factor:

1.0000000

(4)  Note Value at the end of the related Collection Period

$494,685,030.74

(5)  Pool Balance (excluding accrued interest) at the end of the related Collection Period

$490,721,100.63

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(6)  Amount of Servicing Fee:

$425,933.00

      per $1,000 original principal amount:

0.56214184

(7)  Amount of Administration Fee:

$100.00

(8)  Aggregate Purchased Receivables for Collection Period:

$0.00

(9)  Amount in Reserve Account:

$13,259,692.00

Specified Reserve Account Balance:

$13,259,692.00

(10)  Aggregate amount of Realized Losses for the Collection Period:

$20,336.70

(11)  Amount of Payments that are more than 60 days past due:

$1,214,804.00

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