EX-99 8 ex99.htm EXHIBIT 99 ex99.htm
 
 

 

Caterpillar Financial Asset Trust 2007-A
 
SERVICING REPORT
Exhibit 99
       
Record Date
   
2007 YEAR END
Distribution Date
   
Transaction Month
   
       
Collection Period Month Begin
YEAR END STATEMENT
Collection Period Month End
AS OF 12/31/07
Previous Payment Date (or Closing Date)
 
Actual Days in Accrual Period
 
       
ORIGINAL DEAL PARAMETERS
 
Initial Note Value
 
$659,848,257.38
Initial Aggregate Contract Balance
$662,424,010.37
Number of Contracts
7,423
Wtd. Avg. APR
   
8.01%
Wtd. Avg. Remaining Term
40
Annual Servicing Fee Rate
1.00%
Reserve Account Initial Deposit
$8,248,103.22
Specified Reserve Account Balance
$11,877,268.63
Class A-1 Note Original Principal Balance
$150,000,000.00
Class A-1 Note Rate
5.67225%
Class A-1 Note Final Scheduled Distribution Date
September 25, 2008
Class A-1 CUSIP Number
14911X AA 4
Class A-2a Note Original Principal Balance
$75,000,000.00
Class A-2b Note Original Principal Balance
$126,000,000.00
Class A-2a Note Rate
5.40%
Class A-2b Note Rate
One-month LIBOR + 0.42%
Class A-2 Note Final Scheduled Distribution Date
April 26, 2010
Class A-2a CUSIP Number
14911X AB 2
Class A-2b CUSIP Number
14911X AE 6
Class A-3a Note Original Principal Balance
$134,050,000.00
Class A-3b Note Original Principal Balance
$155,000,000.00
Class A-3a Note Rate
5.34%
Class A-3b Note Rate
One-month LIBOR + 0.47%
Class A-3 Note Final Scheduled Distribution Date
June 25, 2012
Class A-3a CUSIP Number
14911X AC 0
Class A-3b CUSIP Number
14911X AF 3
Class B Note Original Principal Balance
$19,798,000.00
Class B Note Rate
 
6.18%
Class B Note Final Scheduled Distribution Date
September 25, 2013
Class B CUSIP Number
14911X AD 8
       
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-2a Note Outstanding Principal Balance
N/A
Class A-2a Note Interest Shortfall
N/A
Class A-2b Note Outstanding Principal Balance
N/A
Class A-2b Note Interest Shortfall
N/A
Class A-3a Note Outstanding Principal Balance
N/A
Class A-3a Note Interest Shortfall
N/A
Class A-3b Note Outstanding Principal Balance
N/A
Class A-3b 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
 
Class A-2b Interest rate
5.28500%
Class A-3b Interest rate
5.33500%
       
Total Interest Collections
$16,525,540.41
Total Principal Collections
$82,238,039.47
Residual Collections
$10.00
Warranty Repurchases Contracts
$0.00
Administrative Repurchases
$0.00
Liquidation Proceeds
$40,350.85
Reserve Account Reinvestment Income
$130,962.36
Net Swap Receipt, if any
$4,596,298.73
Total Available Amount
$103,531,201.82
       
Beginning Note Value
$659,848,257.38
Ending Note Value
 
$577,570,182.21
Beginning Aggregate Contract Balance
$662,424,010.37
Ending Aggregate Contract Balance
$579,827,937.38
Number of Contracts at Beginning of Period
                                        7,423
Number of Contracts at End of Period
                                        7,130
Wtd. Avg. APR
   
8.01%
Wtd. Avg. Remaining Term
                                              37
Cumulative Prepayment Rate
7.72%
Aggregate Scheduled Amounts 31-60 days past due
$20,462,532.36
Aggregate Scheduled Amounts 61- 90 days past due
$3,984,231.59
Aggregate Scheduled Amounts 91-120 days past due
$2,364,925.00
Aggregate Scheduled Amounts 121days or more past due
$1,091,612.37
Net Losses on Liquidated Receivables this Period
$0.00
Repossessed Equipment not Sold or Reassigned (Beginning)
$0.00
Repossessed Equipment not Sold or Reassigned (End)
$5,532,747.12
       
CALCULATION OF DISTRIBUTABLE AMOUNTS
 
Servicing Fee Due
 
$2,093,519.50
Is CFSC or Affiliate Servicer (Yes / No)?
Yes
Has Reserve Account Reached the Specified Reserve Account Balance (Yes / No)?
No
       
Administration Fee
 
$2,000.00
Amount of Net Swap Payment, if any,
$4,432,234.07
Amount of Senior Swap Termination Payment paid by issuing Entity
$0.00
Amount of Subordinated Swap Termination Payment paid by Issuing Entity
$0.00
       
Class A-1 Noteholders' Monthly Interest Distributable Amount
$2,228,409.50
Class A-1 Noteholders' Interest Carryover Shortfall
$0.00
Class A-1 Noteholders' Interest Distributable Amount
$2,228,409.50
       
Class A-2a Noteholders' Monthly Interest Distributable Amount
$1,327,500.00
Class A-2a Noteholders' Interest Carryover Shortfall
$0.00
Class A-2a Noteholders' Interest Distributable Amount
$1,327,500.00
       
Class A-2b Noteholders' Monthly Interest Distributable Amount
$2,236,783.71
Class A-2b Noteholders' Interest Carryover Shortfall
$0.00
Class A-2b Noteholders' Interest Distributable Amount
$2,236,783.71
       
Class A-3a Noteholders' Monthly Interest Distributable Amount
$2,346,321.83
Class A-3a Noteholders' Interest Carryover Shortfall
$0.00
Class A-3a Noteholders' Interest Distributable Amount
$2,346,321.83
       
Class A-3b Noteholders' Monthly Interest Distributable Amount
$2,777,432.34
Class A-3b Noteholders' Interest Carryover Shortfall
$0.00
Class A-3b Noteholders' Interest Distributable Amount
$2,777,432.34
       
Class A Noteholders' Monthly Interest Distributable Amount
$10,916,447.38
Class A Noteholders' Interest Carryover Shortfall
$0.00
Class A Noteholders' Interest Distributable Amount
$10,916,447.38
       
First Priority Principal Distribution Amount
$3,710,723.61
       
Class B Noteholders' Monthly Interest Distributable Amount
$401,041.49
Class B Noteholders' Interest Carryover Shortfall
$0.00
Class B Noteholders' Interest Distributable Amount
$401,041.49
       
Regular Principal Distribution Amount
$78,567,094.18
       
Net Excess Spread Amount
$3,407,884.21
       
Total Required Payment
$100,123,060.23
       
Draw from Reserve Account
$0.00
       
Total Distribution Amount
$103,531,201.82
       
Excess Cash flow deposited to Certificate Distribution Account
$257.38
       
DISTRIBUTIONS FROM COLLECTION ACCOUNT
 
1.   Servicing Fee
 
$2,093,519.50
2.   Administration Fee
$2,000.00
3.   Net Swap Payment, if any
$4,432,234.07
4a. Pro Rata Class A Noteholders' Interest Distributable Amount to Class A Noteholders
$10,916,447.38
4b. Senior Swap Termination Payment to Swap Counterparty
$0.00
5.   First Priority Principal Distribution Amount to Principal Distribution Account
$3,710,723.61
6.   Class B Noteholders' Interest Distributable Amount to Class B Noteholders
$401,041.49
7.   Regular Principal Distribution Amount to Principal Distribution Account
$78,567,094.18
8.   Deposit to Reserve Account
$3,407,884.21
9.   Pro rata, (a) Indenture Trustee Fees and (b) State Taxes
$0.00
11. Subordinated Swap Termination Payment, if any
$0.00
12. Deposit to Certificate Distribution Account
$257.38
       
DISTRIBUTIONS FROM PRINCIPAL DISTRIBUTION ACCOUNT
 
1.   Principal to Class A-1 Noteholders
$82,277,817.79
a.   Principal to Class A-2a Noteholders
$0.00
b.   Principal to Class A-2b Noteholders
$0.00
a.   Principal to Class A-3a Noteholders
$0.00
b.   Principal to Class A-3b 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
$8,248,103.22
Draw from Reserve Account to cover shortfalls
$0.00
Interim Specified Reserve Account Balance
$11,877,268.63
Deposit to Reserve Account Needed
$3,407,884.21
Deposit to Reserve Account from Collection Account
$3,407,884.21
Specified Reserve Account Balance
$11,877,268.63
Reserve Account Release deposited into Certificate Distribution Account
$0.00
Ending Reserve Account Balance
$11,655,987.43
       
SUMMARY OF DISTRIBUTIONS
 
Servicing Fee Paid to Servicer
$2,093,519.50
Servicing Fee Shortfall
$0.00
Administration Fee
 
$2,000.00
Net Swap Payment, if any
$4,432,234.07
Senior Swap Termination Payment, if any
$0.00
       
Class A-1 Interest Paid
$2,228,409.50
Class A-1 Interest Shortfall
$0.00
Class A-1 Principal Paid
$82,277,817.79
Ending Class A-1 Principal Balance
$67,722,182.21
       
Class A-2a Interest Paid
$1,327,500.00
Class A-2a Interest Shortfall
$0.00
Class A-2a Principal Paid
$0.00
Ending Class A-2a Principal Balance
$75,000,000.00
       
Class A-2b Interest Paid
$2,236,783.71
Class A-2b Interest Shortfall
$0.00
Class A-2b Principal Paid
$0.00
Ending Class A-2b Principal Balance
$126,000,000.00
       
Class A-3a Interest Paid
$2,346,321.83
Class A-3a Interest Shortfall
$0.00
Class A-3a Principal Paid
$0.00
Ending Class A-3a Principal Balance
$134,050,000.00
       
Class A-3b Interest Paid
$2,777,432.34
Class A-3b Interest Shortfall
$0.00
Class A-3b Principal Paid
$0.00
Ending Class A-3b Principal Balance
$155,000,000.00
       
Class B Interest Paid
$401,041.49
Class B Interest Shortfall
$0.00
Class B Principal Paid
$0.00
Ending Class B Principal Balance
$19,798,000.00
       
Subordinated Swap Termination Payment, if any
$0.00
       
Deposit to Certificate Distribution Account
$257.38
       
CERTIFICATEHOLDER INFORMATION
 
       
CALCULATION OF DISTRIBUTABLE AMOUNTS
 
Deposit to Certificate Distribution Account from Collection Account
$257.38
Deposit to Certificate Distribution Account from Principal Distribution Account
$0.00
Deposit to Certificate Distribution Account from Reserve Account
$0.00
Total Deposit to Certificate Distribution Account
$257.38
       
DISTRIBUTIONS FROM CERTIFICATE DISTRIBUTION ACCOUNT
 
Amounts Paid to Certificateholders
$257.38
       
       
       
NOTEHOLDER INFORMATION
 
       
(i) Amount of principal being paid on Notes
 
       
    (a) Class A-1 Notes (CUSIP No. 14911X AA 4)
$82,277,817.79
          per $1,000 original principal balance
$548.52
       
    (b) Class A-2a Notes (CUSIP No. 14911X AB 2)
$0.00
          per $1,000 original principal balance
$0.00
       
    (c) Class A-2b Notes (CUSIP No. 14911X AE 6)
$0.00
          per $1,000 original principal balance
$0.00
       
    (d) Class A-3a Notes (CUSIP No. 14911X AC 0)
$0.00
          per $1,000 original principal balance
$0.00
       
    (e) Class A-3b Notes (CUSIP No. 14911X AF 3)
$0.00
          per $1,000 original principal balance
$0.00
       
    (f) Class B Notes (CUSIP No. 14911X AD 8)
$0.00
          per $1,000 original principal balance
$0.00
       
    (g) Total
   
$82,277,817.79
       
       
(ii) Amount of interest being paid on Notes
 
       
    (a) Class A-1 Notes (CUSIP No. 14911X AA 4)
$2,228,409.50
          per $1,000 original principal balance
$14.86
       
    (b) Class A-2a Notes (CUSIP No. 14911X AB 2)
$1,327,500.00
          per $1,000 original principal balance
$17.70
       
    (c) Class A-2b Notes (CUSIP No. 14911X AE 6)
$2,236,783.71
          per $1,000 original principal balance
$17.75
       
    (d) Class A-3a Notes (CUSIP No. 14911X AC 0)
$2,346,321.83
          per $1,000 original principal balance
$17.50
       
    (e) Class A-3b Notes (CUSIP No. 14911X AF 3)
$2,777,432.34
          per $1,000 original principal balance
$17.92
       
    (f) Class B Notes (CUSIP No. 14911X AD 8)
$401,041.49
          per $1,000 original principal balance
$20.26
       
    (g) Total
   
$11,317,488.87
       
(iii) (a) Aggregate Contract Balance at beginning of related collection period
$662,424,010.37
      (b) Aggregate Contract Balance at end of related collection period
$579,827,937.38
      (c) Note Value at beginning of related collection period
$659,848,257.38
      (d) Note Value at end of related collection period
$577,570,182.21
       
(iv) Before and after giving effect to distributions on this Distribution Date
 
       
      (a) (1) outstanding principal amount of Class A-1 Notes
$150,000,000.00
            (2) outstanding principal amount of Class A-1 Notes
$67,722,182.21
            (3) Class A-1 Note Pool Factor
                                          1.00
            (4) Class A-1 Note Pool Factor
                                          0.45
       
      (b) (1) outstanding principal amount of Class A-2 Notes
$201,000,000.00
            (2) outstanding principal amount of Class A-2 Notes
$201,000,000.00
            (3) outstanding principal amount of Class A-2a Notes
$75,000,000.00
            (4) outstanding principal amount of Class A-2a Notes
$75,000,000.00
            (5) Class A-2a Note Pool Factor
                                          1.00
            (6) Class A-2a Note Pool Factor
                                          1.00
            (7) outstanding principal amount of Class A-2b Notes
$126,000,000.00
            (8) outstanding principal amount of Class A-2b Notes
$126,000,000.00
            (9) Class A-2b Note Pool Factor
                                          1.00
            (10) Class A-2b Note Pool Factor
                                          1.00
       
      (c) (1) outstanding principal amount of Class A-3 Notes
$289,050,000.00
            (2) outstanding principal amount of Class A-3 Notes
$289,050,000.00
            (3) outstanding principal amount of Class A-3a Notes
$134,050,000.00
            (4) outstanding principal amount of Class A-3a Notes
$134,050,000.00
            (5) Class A-3a Note Pool Factor
                                          1.00
            (6) Class A-3a Note Pool Factor
                                          1.00
            (7) outstanding principal amount of Class A-3b Notes
$155,000,000.00
            (8) outstanding principal amount of Class A-3b Notes
$155,000,000.00
            (9) Class A-3b Note Pool Factor
                                          1.00
            (10) Class A-3b Note Pool Factor
                                          1.00
       
      (d) (1) outstanding principal amount of Class B Notes
$19,798,000.00
            (2) outstanding principal amount of Class B Notes
$19,798,000.00
            (3) Class B Note Pool Factor
                                          1.00
            (4) Class B Note Pool Factor
                                          1.00
       
(v) Amount of Servicing Fee paid
$2,093,519.50
       
(vi) Amount of Administration fee being paid
$2,000.00
       
(vii) Amount of Net Swap Payment
$4,432,234.07
       
(viii) Amount of Swap Termination Payments paid by the Issuing Entity
$0.00
       
(ix) Other expenses being paid
$0.00
       
(x) Cumulative Prepayment Rate for the related Collection Period
7.72%
       
(xi) Three-Month Rolling Over 60-day deliquency Percentage
0.99%
       
(xii) Aggregate Amount of Realized Losses for the related Collection Period
$0.00
       
(xiii) Aggregate amount of Cumulative Realized Losses through the related
 
        Collection period
$0.00
       
(xiv) Aggregate Purchase Amounts for related Collection Period
$0.00
       
(xv) (a)  Balance of Reserve Account at beginning of related Collection Period
$8,248,103.22
        (b)  Balance of Reserve Account at end of related Collection Period
$11,655,987.43
       
(xvi) Specified Reserve Account Balance at end of related Collection Period
$11,877,268.63