EX-99.4 6 ex99_4.htm EXHIBIT 99.4 Exhibit 99.4
Caterpillar Financial Asset Trust 2005-A
 
SERVICING REPORT
Exhibit 99.4
       
Distribution Date
 
2005 YEAR END
Transaction Month
 
 
       
Collection Period Month Begin
YEAR END STATEMENT
Collection Period Month End
AS OF 12/31/05
Previous Payment Date (or Closing Date)
 
Actual Days in Accrual Period
 
       
ORIGINAL DEAL PARAMETERS
 
Initial Note Value
 
$853,817,293.20
Initial Aggregate Contract Balance
$860,601,737.30
Number of Contracts
8,791
Wtd. Avg. APR
   
5.97%
Wtd. Avg. Remaining Term
44
Annual Servicing Fee Rate
1.00%
Reserve Account Initial Deposit
$12,807,259.40
Specified Reserve Account Balance
$17,076,345.86
Class A-1 Note Original Principal Balance
$214,300,000.00
Class A-1 Note Rate
3.2056%
Class A-1 Note Final Scheduled Distribution Date
April 25, 2006
Class A-1 CUSIP Number
149114 BV 1
Class A-2 Note Original Principal Balance
$219,000,000.00
Class A-2 Note Rate
3.66%
Class A-2 Note Final Scheduled Distribution Date
December 26, 2007
Class A-2 CUSIP Number
149114 BW 9
Class A-3 Note Original Principal Balance
$244,000,000.00
Class A-3 Note Rate
3.90%
Class A-3 Note Final Scheduled Distribution Date
February 25, 2009
Class A-3 CUSIP Number
149114 BX 7
Class A-4 Note Original Principal Balance
$142,360,000.00
Class A-4 Note Rate
4.10%
Class A-4 Note Final Scheduled Distribution Date
June 25, 2010
Class A-4 CUSIP Number
149114 BY 5
Class B Note Original Principal Balance
$23,480,000.00
Class B Note Rate
 
4.27%
Class B Note Final Scheduled Distribution Date
April 25, 2011
Class B CUSIP Number
149114 BZ 2
Certificate Balance
 
$10,677,293.20
       
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 A-4 Note Outstanding Principal Balance
N/A
Class A-4 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
$35,059,419.41
Total Principal Collections
$224,557,981.78
Residual Collections
$80,043.00
Warranty Repurchases Contracts
$0.00
Administrative Repurchases
$4,659,536.32
Liquidation Proceeds
$1,289,973.54
Reserve Account Reinvestment Income
$371,772.15
Total Available Amount
$266,018,726.20
       
Beginning Note Value
$853,817,293.20
Ending Note Value
 
$622,486,539.41
Beginning Aggregate Contract Balance
$860,601,737.30
Ending Aggregate Contract Balance
$626,771,525.42
Number of Contracts at Beginning of Period
8791
Number of Contracts at End of Period
7,927
Wtd. Avg. APR
   
5.91%
Wtd. Avg. Remaining Term
35
Aggregate Scheduled Amounts 31-60 days past due
$4,745,396.75
Aggregate Scheduled Amounts 61 days or more past due
$4,387,739.03
Net Losses on Liquidated Receivables this Period
$582,615.00
Repossessed Equipment not Sold or Reassigned (Beginning)
$0.00
Repossessed Equipment not Sold or Reassigned (End)
$2,599,361.84
       
CALCULATION OF DISTRIBUTABLE AMOUNTS
 
Servicing Fee Due
 
$5,624,404.84
Is CFSC or Affiliate Servicer (Yes / No)?
Yes
Has Reserve Account Reached the Specified Reserve Account Balance (Yes / No)?
Yes
       
Administration Fee
 
$4,500.00
       
Class A-1 Noteholders' Monthly Interest Distributable Amount
$2,654,587.72
Class A-1 Noteholders' Interest Carryover Shortfall
$0.00
Class A-1 Noteholders' Interest Distributable Amount
$2,654,587.72
       
Class A-2 Noteholders' Monthly Interest Distributable Amount
$5,944,755.00
Class A-2 Noteholders' Interest Carryover Shortfall
$0.00
Class A-2 Noteholders' Interest Distributable Amount
$5,944,755.00
       
Class A-3 Noteholders' Monthly Interest Distributable Amount
$7,057,700.00
Class A-3 Noteholders' Interest Carryover Shortfall
$0.00
Class A-3 Noteholders' Interest Distributable Amount
$7,057,700.00
       
Class A-4 Noteholders' Monthly Interest Distributable Amount
$4,328,930.33
Class A-4 Noteholders' Interest Carryover Shortfall
$0.00
Class A-4 Noteholders' Interest Distributable Amount
$4,328,930.33
       
Class A Noteholders' Monthly Interest Distributable Amount
$19,985,973.06
Class A Noteholders' Interest Carryover Shortfall
$0.00
Class A Noteholders' Interest Distributable Amount
$19,985,973.06
       
First Priority Principal Distribution Amount
$2,229,762.02
       
Class B Noteholders' Monthly Interest Distributable Amount
$743,592.03
Class B Noteholders' Interest Carryover Shortfall
$0.00
Class B Noteholders' Interest Distributable Amount
$743,592.03
       
Second Priority Principal Distribution Amount
$133,005,352.98
       
Net Excess Spread Amount
$4,505,421.09
       
Regular Principal Distribution Amount
$96,095,638.80
       
Total Required Payment
$155,964,680.09
       
Draw from Reserve Account
$0.00
       
Total Distribution Amount
$266,018,726.20
       
DISTRIBUTIONS FROM COLLECTION ACCOUNT
 
1. Servicing Fee
 
$5,624,404.84
2. Administration Fee
$4,500.00
3. Class A Noteholders' Interest Distributable Amount to Class A Noteholders
$19,985,973.06
4. First Priority Principal Distribution Amount to Principal Distribution Account
$2,229,762.02
5. Class B Noteholders' Interest Distributable Amount to Class B Noteholders
$743,592.03
6. Second Priority Principal Distribution Amount to Principal Distribution Account
$133,005,352.98
7. Deposit to Reserve Account
$4,269,086.46
8. Regular Principal Distribution Amount to Principal Distribution Account
$96,095,638.79
9. Deposit to Certificate Distribution Account
$4,060,416.02
       
DISTRIBUTIONS FROM PRINCIPAL DISTRIBUTION ACCOUNT
 
1. Principal to Class A-1 Noteholders
$214,300,000.00
2. Principal to Class A-2 Noteholders
$17,030,753.79
3. Principal to Class A-3 Noteholders
$0.00
4. Principal to Class A-4 Noteholders
$0.00
5. Principal to Class B Noteholders
$0.00
6. Deposit to Certificate Distribution Account
$0.00
       
RECONCILIATION OF RESERVE ACCOUNT
 
Beginning Reserve Account Balance
$12,807,259.40
Draw from Reserve Account to cover shortfalls
$0.00
Interim Specified Reserve Account Balance
$17,076,345.86
Deposit to Reserve Account Needed
$4,269,086.46
Deposit to Reserve Account from Collection Account
$4,269,086.46
Specified Reserve Account Balance
$17,076,345.86
Reserve Account Release deposited into Certificate Distribution Account
$0.00
Ending Reserve Account Balance
$17,076,345.86
       
SUMMARY OF DISTRIBUTIONS
 
Servicing Fee Paid to Servicer
$5,624,404.84
Servicing Fee Shortfall
$0.00
       
Class A-1 Interest Paid
$2,654,587.72
Class A-1 Interest Shortfall
$0.00
Class A-1 Principal Paid
$214,300,000.00
Ending Class A-1 Principal Balance
$0.00
       
Class A-2 Interest Paid
$5,944,755.00
Class A-2 Interest Shortfall
$0.00
Class A-2 Principal Paid
$17,030,753.79
Ending Class A-2 Principal Balance
$201,969,246.21
       
Class A-3 Interest Paid
$7,057,700.00
Class A-3 Interest Shortfall
$0.00
Class A-3 Principal Paid
$0.00
Ending Class A-3 Principal Balance
$244,000,000.00
       
Class A-4 Interest Paid
$4,328,930.33
Class A-4 Interest Shortfall
$0.00
Class A-4 Principal Paid
$0.00
Ending Class A-4 Principal Balance
$142,360,000.00
       
Class B Interest Paid
$743,592.03
Class B Interest Shortfall
$0.00
Class B Principal Paid
$0.00
Ending Class B Principal Balance
$23,480,000.00
       
Deposit to Certificate Distribution Account
$4,060,416.02