EX-99.4 6 ex99_4.htm EXHIBIT 99.4 Exhibit 99.4

Caterpillar Financial Asset Trust 2004-A
 
SERVICING REPORT
       
Distribution Date
 
2004 YEAR END
Transaction Month
 
 
       
Collection Period Month Begin
 
Collection Period Month End
YEAR END STATEMENT
Previous Payment Date (or Closing Date)
AS OF 12/31/04
Actual Days in Accrual Period
 
       
ORIGINAL DEAL PARAMETERS
 
Initial Note Value
 
$658,742,296.58
Initial Aggregate Contract Balance
$660,300,219.59
Number of Contracts
8,749
Wtd. Avg. APR
   
5.71%
Wtd. Avg. Remaining Term
41
Annual Servicing Fee Rate
1.00%
Reserve Account Initial Deposit
$8,234,278.71
Specified Reserve Account Balance
$14,821,701.67
Class A-1 Note Original Principal Balance
$183,400,000.00
Class A-1 Note Rate
1.3704%
Class A-1 Note Final Scheduled Distribution Date
May 25, 2005
Class A-1 CUSIP Number
149114 BR 0
Class A-2 Note Original Principal Balance
$164,000,000.00
Class A-2 Note Rate
2.18%
Class A-2 Note Final Scheduled Distribution Date
December 26, 2006
Class A-2 CUSIP Number
149114 BS 8
Class A-3 Note Original Principal Balance
$283,300,000.00
Class A-3 Note Rate
3.13%
Class A-3 Note Final Scheduled Distribution Date
January 26, 2009
Class A-3 CUSIP Number
149114 BT 6
Class B Note Original Principal Balance
$18,161,000.00
Class B Note Rate
 
3.71%
Class B Note Final Scheduled Distribution Date
March 25, 2010
Class B CUSIP Number
149114 BU 3
Certificate Balance
 
$9,881,296.58
       
INPUTS FROM PREVIOUS PERIOD SERVICER REPORT
 
Note Value
   
N/A
Aggregate Contract Balance
N/A
Number of Contracts
N/A
Wtd. Avg. APR
   
N/A
Wtd. Avg. Remaining Term
N/A
Reserve Account Balance
N/A
Class A-1 Note Outstanding Principal Balance
N/A
Class A-1 Note Interest Shortfall
N/A
Class A-2 Note Outstanding Principal Balance
N/A
Class A-2 Note Interest Shortfall
N/A
Class A-3 Note Outstanding Principal Balance
N/A
Class A-3 Note Interest Shortfall
N/A
Class B Note Outstanding Principal Balance
N/A
Class B Note Interest Shortfall
N/A
Servicing Fee Shortfall
N/A
       
CURRENT COLLECTION PERIOD ACTIVITY
 
Total Interest Collections
$21,893,883.26
Total Principal Collections
$169,445,716.23
Residual Collections
$62,596.20
Warranty Repurchases Contracts
$0.00
Administrative Repurchases
$160,694.29
Liquidation Proceeds
$1,289,975.34
Reserve Account Reinvestment Income
$93,906.75
Total Available Amount
$192,946,772.07
       
Beginning Note Value
$658,742,296.58
Ending Note Value
 
$487,220,441.35
Beginning Aggregate Contract Balance
$660,300,219.59
Ending Aggregate Contract Balance
$488,346,742.70
Number of Contracts at Beginning of Period
8749
Number of Contracts at End of Period
8,038
Wtd. Avg. APR
   
5.70%
Wtd. Avg. Remaining Term
33
Aggregate Scheduled Amounts 31-60 days past due
$7,016,298.82
Aggregate Scheduled Amounts 61 days or more past due
$4,472,921.42
Net Losses on Liquidated Receivables this Period
$475,813.75
Repossessed Equipment not Sold or Reassigned (Beginning)
$0.00
Repossessed Equipment not Sold or Reassigned (End)
$2,980,717.66
       
CALCULATION OF DISTRIBUTABLE AMOUNTS
 
Servicing Fee Due
 
$3,895,554.94
Has Reserve Account Reached the Specified Reserve Account Balance (Yes / No)?
Yes
       
Administration Fee
 
$4,000.00
       
Class A-1 Noteholders' Monthly Interest Distributable Amount
$1,021,753.89
Class A-1 Noteholders' Interest Carryover Shortfall
$0.00
Class A-1 Noteholders' Interest Distributable Amount
$1,021,753.89
       
Class A-2 Noteholders' Monthly Interest Distributable Amount
$2,383,466.67
Class A-2 Noteholders' Interest Carryover Shortfall
$0.00
Class A-2 Noteholders' Interest Distributable Amount
$2,383,466.67
       
Class A-3 Noteholders' Monthly Interest Distributable Amount
$5,911,526.67
Class A-3 Noteholders' Interest Carryover Shortfall
$0.00
Class A-3 Noteholders' Interest Distributable Amount
$5,911,526.67
       
Class A Noteholders' Monthly Interest Distributable Amount
$9,316,747.22
Class A Noteholders' Interest Carryover Shortfall
$0.00
Class A Noteholders' Interest Distributable Amount
$9,316,747.22
       
First Priority Principal Distribution Amount
$0.00
       
Class B Noteholders' Monthly Interest Distributable Amount
$449,182.07
Class B Noteholders' Interest Carryover Shortfall
$0.00
Class B Noteholders' Interest Distributable Amount
$449,182.07
       
Second Priority Principal Distribution Amount
$92,471,482.59
       
Net Excess Spread Amount
$7,066,993.11
       
Regular Principal Distribution Amount
$79,050,372.64
       
Total Required Payment
$106,132,966.82
       
Draw from Reserve Account
$0.00
       
Total Distribution Amount
$192,946,772.07
       
DISTRIBUTIONS FROM COLLECTION ACCOUNT
 
1. Servicing Fee
 
$3,895,554.94
2. Administration Fee
$4,000.00
3. Class A Noteholders' Interest Distributable Amount to Class A Noteholders
$9,316,747.22
4. First Priority Principal Distribution Amount to Principal Distribution Account
$0.00
5. Class B Noteholders' Interest Distributable Amount to Class B Noteholders
$449,182.07
6. Second Priority Principal Distribution Amount to Principal Distribution Account
$92,471,482.59
7. Deposit to Reserve Account
$6,587,422.96
8. Regular Principal Distribution Amount to Principal Distribution Account
$79,050,372.64
10. Deposit to Certificate Distribution Account
$1,172,009.64
       
DISTRIBUTIONS FROM PRINCIPAL DISTRIBUTION ACCOUNT
 
1. Principal to Class A-1 Noteholders
$171,521,855.23
2. Principal to Class A-2 Noteholders
$0.00
3. Principal to Class A-3 Noteholders
$0.00
4. Principal to Class B Noteholders
$0.00
5. Deposit to Certificate Distribution Account
$0.00
       
RECONCILIATION OF RESERVE ACCOUNT
 
Beginning Reserve Account Balance
$8,234,278.71
Draw from Reserve Account to cover shortfalls
$0.00
Interim Specified Reserve Account Balance
$14,821,701.67
Deposit to Reserve Account Needed
$6,587,422.96
Deposit to Reserve Account from Collection Account
$6,587,422.96
Specified Reserve Account Balance
$14,821,701.67
Reserve Account Release deposited into Certificate Distribution Account
$0.00
Ending Reserve Account Balance
$14,821,701.67
       
SUMMARY OF DISTRIBUTIONS
 
Servicing Fee Paid to Servicer
$3,895,554.94
Servicing Fee Shortfall
$0.00
       
Class A-1 Interest Paid
$1,021,753.89
Class A-1 Interest Shortfall
$0.00
Class A-1 Principal Paid
$171,521,855.23
Ending Class A-1 Principal Balance
$11,878,144.77
       
Class A-2 Interest Paid
$2,383,466.67
Class A-2 Interest Shortfall
$0.00
Class A-2 Principal Paid
$0.00
Ending Class A-2 Principal Balance
$164,000,000.00
       
Class A-3 Interest Paid
$5,911,526.67
Class A-3 Interest Shortfall
$0.00
Class A-3 Principal Paid
$0.00
Ending Class A-3 Principal Balance
$283,300,000.00
       
Class B Interest Paid
$449,182.07
Class B Interest Shortfall
$0.00
Class B Principal Paid
$0.00
Ending Class B Principal Balance
$18,161,000.00
       
Deposit to Certificate Distribution Account
$1,172,009.64

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