-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GYk4SQYMox+eckBkQbNHBM7OSIdlvU7j9sEJBz5NEsHG1MJF/yrlCyjJp8yquvIy cUN7va2Qh6chxYHvxOFY2A== 0000004962-01-500022.txt : 20010223 0000004962-01-500022.hdr.sgml : 20010223 ACCESSION NUMBER: 0000004962-01-500022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP II CENTRAL INDEX KEY: 0000949349 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133854638 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-21424-04 FILM NUMBER: 1547971 BUSINESS ADDRESS: STREET 1: WORLD FINANCIAL CENTER STREET 2: AMERICAN EXPRESS TOWER 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2126402000 MAIL ADDRESS: STREET 1: WORLD FINANCIAL CENTER STREET 2: AMERICAN EXPRESS TOWER 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CENTURION BANK CENTRAL INDEX KEY: 0000949348 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 112869526 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20787-01 FILM NUMBER: 1547972 BUSINESS ADDRESS: STREET 1: 6985 UNION PARK CENTER CITY: MIVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 8015655000 MAIL ADDRESS: STREET 1: 6985 UNION PARK CENTER CITY: MIDVALE STATE: UT ZIP: 84047 8-K 1 coverrfc2.txt =============================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 15, 2001 American Express Credit Account Master Trust (Issuer in respect of the Class A Series 1996-1 6.80% Asset Backed Certificates, Class B Series 1996-1 6.95% Asset Backed Certificates, Class A Series 1997-1 6.40% Asset Backed Certificates, Class B Series 1997-1 6.55% Asset Backed Certificates, Class A Series 1998-1 Floating Rate Asset Backed Certificates, Class B Series 1998-1 Floating Rate Asset Backed Certificates, Class A Series 1999-1 5.60% Asset Backed Certificates, Class B Series 1999-1 5.85% Asset Backed Certificates, Class A Series 1999-2 5.95% Asset Backed Certificates, Class B Series 1999-2 6.10% Asset Backed Certificates, Class A Series 1999-3 Floating Rate Asset Backed Certificates, Class B Series 1999-3 Floating Rate Asset Backed Certificates, Class A Series 1999-4 Floating Rate Asset Backed Certificates, Class B Series 1999-4 Floating Rate Asset Backed Certificates, Class A Series 1999-5 Floating Rate Asset Backed Certificates, Class B Series 1999-5 Floating Rate Asset Backed Certificates, Class A Series 1999-6 Floating Rate Asset Backed Certificates, Class B Series 1999-6 Floating Rate Asset Backed Certificates, Class A Series 2000-1 7.20% Asset Backed Certificates, Class B Series 2000-1 7.40% Asset Backed Certificates, Class A Series 2000-2 Floating Rate Asset Backed Certificates, Class B Series 2000-2 Floating Rate Asset Backed Certificates, Class A Series 2000-3 Floating Rate Asset Backed Certificates, Class B Series 2000-3 Floating Rate Asset Backed Certificates, Class A Series 2000-4 Floating Rate Asset Backed Certificates, Class B Series 2000-4 Floating Rate Asset Backed Certificates, Class A Series 2000-5 Floating Rate Asset Backed Certificates and Class B Sereis 2000-5 Floating Rate Asset Backed Certificates) ------------------------------------------------------------------------- American Express Centurion Bank Co-Originator of the Trust and a Transferor ----------------------------------------------------- (Exact name of registrant as specified in its charter) 33-95784 333-67567 000-20787-01 Utah 333-91473-01 11-2869526 - ---------------------------- ------------ ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Numbers) Identification No.) 6985 Union Park Center, Midvale, Utah 84047 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (801) 565-5000 ------------- American Express Receivables Financing Corporation II Co-Originator of the Trust and a Transferor ------------------------------------------------------ (Exact name of registrant as specified in its charter) 000-20787 Delaware 333-91473 13-3854638 - ---------------------------- ----------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Numbers) Identification No.) 200 Vesey Street, New York, New York 10285 - --------------------------------------- -------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 640-4473 -------------- =============================================================================== Item 5. Other Events A. Monthly Servicer's Certificate. Information concerning the American Express Credit Account Master Trust (the "Trust") is contained in the Monthly Servicer's Certificate dated February 12, 2001 for the Distribution Date occurring on February 15, 2001 covering activity from December 26, 2000 through January 25, 2001 and provided to the Bank of New York as Trustee under the Pooling and Servicing Agreement, (the "Agreement") dated as of May 16, 1996. Such Monthly Servicer's Certificate is attached hereto as Exhibit 20.1 and is incorporated herein by reference. On May 16, 1996, the Trust issued $865,000,000 Class A Series 1996-1 6.80% Asset Backed Certificates and $60,000,000 Class B Series 1996-1 6.95% Asset Backed Certificates (the "1996-1 Class A Certificates" and the "1996-1 Class B Certificates", respectively, and collectively, the "Series 1996-1 Certificates"), offered pursuant to a Prospectus Supplement dated May 9, 1996 to a Prospectus dated May 9, 1996 and issued under the Agreement, and the Series 1996-1 Supplement dated as of May 16, 1996 to the Agreement (the "Series 1996-1 Supplement"). Interest on the Series 1996-1 Certificates accrues from May 16, 1996 and is payable on July 16, 1996 and on the fifteenth day of each month thereafter (or, if such fifteenth day is not a business day, the immediately succeeding business day) (each, a "Distribution Date"). Principal with respect to the Series 1996-1 Class A Certificates and the Series 1996-1 Class B Certificates is scheduled to be distributed on the May 2001 Distribution Date, but may be paid earlier or later certain limited circumstances as provided in the Agreement and Series 1996-1 Supplement. On August 7, 1997, the Trust issued $865,000,000 Class A Series 1997-1 6.40% Asset Backed Certificates and $60,000,000 Class B Series 1997-1 6.55% Asset Backed Certificates (the "1997-1 Class A Certificates" and the "1997-1 Class B Certificates", respectively, and collectively, the "Series 1997-1 Certificates"), offered pursuant to a Prospectus Supplement dated August 21, 1997 to a Prospectus dated August 21, 1997 and issued under the Agreement, and the Series 1997-1 Supplement dated as of August 7, 1997 to the Agreement (the " Series 1997-1 Supplement"). Interest on the Series 1997-1 Certificates accrues from August 28, 1997 and is payable on October 15, 1997 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 1997-1 Class A Certificates and the Series 1997-1 Class B Certificates is scheduled to be distributed on the September 2002 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1997-1 Supplement. On June 23, 1998, the Trust issued $825,000,000 Class A Series 1998-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.09% per annum above the London interbank offered rate for one month United States dollar deposits ("LIBOR"), and $80,000,000 Class B Series 1998-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.25% per annum above one month LIBOR (the "1998-1 Class A Certificates" and the "1998-1 Class B Certificates", respectively, and collectively, the "Series 1998-1 Certificates"), offered pursuant to a Prospectus Supplement dated June 17, 1998 to a Prospectus dated June 17, 1998 and issued under the Agreement, and the Series 1998-1 Supplement dated as of June 23, 1998 to the Agreement (the "Series 1998-1 Supplement"). Interest on the Series 1998-1 Certificates accrues from June 23, 1998 and is payable on July 14, 1998 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 1998-1 Class A Certificates and the Series 1998-1 Class B Certificates is scheduled to be distributed on the June 2003 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1998-1 Supplement. On April 21, 1999, the Trust issued $865,000,000 Class A Series 1999-1 5.60% Asset Backed Certificates and $60,000,000 Class B Series 1999-1 5.85% Asset Backed Certificates (the "1999-1 Class A Certificates" and the "1999-1 Class B Certificates", respectively, and collectively, the "Series 1999-1 Certificates"), offered pursuant to a Prospectus Supplement dated April 13, 1999 to a Prospectus dated April 13, 1999 and issued under the Agreement, and the Series 1999-1 Supplement dated as of April 21, 1999 to the Agreement (the "Series 1999-1 Supplement"). Interest on the Series 1999-1 Certificates accrues from April 21, 1999 and is payable on May 17, 1999, and on the fifteenth day of each month thereafter - which is a Distribution Date as described above. Principal with respect to the Series 1999-1 Class A Certificates and the Series 1999-1 Class B Certificates is scheduled to be distributed on the April 2004 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1999-1 Supplement. On May 19, 1999, the Trust issued $432,000,000 Class A Series 1999-2 5.95% Asset Backed Certificates and $30,000,000 Class B Series 1999-2 6.10% Asset Backed Certificates (the "1999-2 Class A Certificates" and the "1999-2 Class B Certificates", respectively, and collectively, the "Series 1999-2 Certificates"), offered pursuant to a Prospectus Supplement dated May 14, 1999 to a Prospectus dated May 14, 1999 and issued under the Agreement, and the Series 1999-2 Supplement dated as of May 19, 1999 to the Agreement (the "Series 1999-2 Supplement"). Interest on the Series 1999-2 Certificates accrues from May 19, 1999 and is payable on June 15, 1999, and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 1999-2 Class A Certificates and the Series 1999-2 Class B Certificates is scheduled to be distributed on the May 2004 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1999-2 Supplement. On May 19, 1999, the Trust issued $825,000,000 Class A Series 1999-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.14% per annum above one month LIBOR, and $80,000,000 Class B Series 1999-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.34% per annum above one month LIBOR (the "1999-3 Class A Certificates" and the "1999-3 Class B Certificates", respectively, and collectively, the "Series 1999-3 Certificates"), offered pursuant to a Prospectus Supplement dated May 14, 1999 to a Prospectus dated May 14, 1999 and issued under the Agreement, and the Series 1999-3 Supplement dated as of May 19, 1999 to the Agreement (the "Series 1999-3 Supplement"). Interest on the Series 1999-3 Certificates accrues from May 19, 1999 and is payable on June 15, 1999 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 1999-3 Class A Certificates and the Series 1999-3 Class B Certificates is scheduled to be distributed on the May 2004 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1999-3 Supplement. On August 17, 1999, the Trust issued $412,500,000 Class A Series 1999-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.17% per annum above one month LIBOR, and $40,000,000 Class B Series 1999-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.42% per annum above one month LIBOR (the "1999-4 Class A Certificates" and the "1999-4 Class B Certificates", respectively, and collectively, the "Series 1999-4 Certificates"), offered pursuant to a Prospectus Supplement dated August 9, 1999 to a Prospectus dated August 9, 1999 and issued under the Agreement, and the Series 1999-4 Supplement dated as of August 17, 1999 to the Agreement (the "Series 1999-4 Supplement"). Interest on the Series 1999-4 Certificates accrues from August 17, 1999 and is payable on September 15, 1999 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 1999-4 Class A Certificates and the Series 1999-4 Class B Certificates is scheduled to be distributed on the July 2002 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1999-4 Supplement. On August 17, 1999, the Trust issued $412,500,000 Class A Series 1999-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.24% per annum above one month LIBOR, and $40,000,000 Class B Series 1999-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.48% per annum above one month LIBOR (the "1999-5 Class A Certificates" and the "1999-5 Class B Certificates", respectively, and collectively, the "Series 1999-5 Certificates"), offered pursuant to a Prospectus Supplement dated August 9, 1999 to a Prospectus dated August 9, 1999 and issued under the Agreement, and the Series 1999-5 Supplement dated as of August 17, 1999 to the Agreement (the "Series 1999-5 Supplement"). Interest on the Series 1999-5 Certificates accrues from August 17, 1999 and is payable on September 15, 1999 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 1999-5 Class A Certificates and the Series 1999-5 Class B Certificates is scheduled to be distributed on the July 2004 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1999-5 Supplement. On September 16, 1999, the Trust issued $412,500,000 Class A Series 1999-6 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.20% per annum above one month LIBOR, and $40,000,000 Class B Series 1999-6 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.43% per annum above one month LIBOR (the "1999-6 Class A Certificates" and the "1999-6 Class B Certificates", respectively, and collectively, the "Series 1999-6 Certificates"), offered pursuant to a Prospectus Supplement dated September 10, 1999 to a Prospectus dated September 10, 1999 and issued under the Agreement, and the Series 1999-6 Supplement dated as of September 16, 1999 to the Agreement (the "Series 1999-6 Supplement"). Interest on the Series 1999-6 Certificates accrues from September 16, 1999 and is payable on October 15, 1999 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 1999-6 Class A Certificates and the Series 1999-6 Class B Certificates is scheduled to be distributed on the August 2002 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 1999-6 Supplement. On February 16, 2000, the Trust issued $432,500,000 Class A Series 2000-1 7.20% Asset Backed Certificates and $30,000,000 Class B Series 2000-1 7.40% Asset Backed Certificates (the "2000-1 Class A Certificates" and the "2000-1 Class B Certificates", respectively, and collectively, the "Series 2000-1 Certificates"), offered pursuant to a Prospectus Supplement dated February 8, 2000, to a Prospectus dated February 8, 2000 and issued under the Agreement, and the Series 2000-1 Supplement dated as of February 16, 2000 to the Agreement (the "Series 2000-1 Supplement"). Interest on the Series 2000-1 Certificates accrues from February 16, 2000 and is payable on March 15, 2000, and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-1 Class A Certificates and the Series 2000-1 Class B Certificates is scheduled to be distributed on the February 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-1 Supplement. On February 16, 2000, the Trust issued $412,500,000 Class A Series 2000-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.165% per annum above one month LIBOR, and $40,000,000 Class B Series 2000-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.350% per annum above one month LIBOR (the "2000-2 Class A Certificates" and the "2000-2 Class B Certificates", respectively, and collectively, the "Series 2000-2 Certificates"), offered pursuant to a Prospectus Supplement dated February 8, 2000 to a Prospectus dated February 8, 2000 and issued under the Agreement, and the Series 2000-2 Supplement dated as of February 16, 2000 to the Agreement (the "Series 2000-2 Supplement"). Interest on the Series 2000-2 Certificates accrues from February 16, 2000 and is payable on March 15, 2000 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-2 Class A Certificates and the Series 2000-2 Class B Certificates is scheduled to be distributed on the February 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-2 Supplement. On May 3, 2000, the Trust issued $825,000,000 Class A Series 2000-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.16% per annum above one month LIBOR, and $80,000,000 Class B Series 2000-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.35% per annum above one month LIBOR (the "2000-3 Class A Certificates" and the "2000-3 Class B Certificates", respectively, and collectively, the "Series 2000-3 Certificates"), offered pursuant to a Prospectus Supplement dated April 27, 2000 to a Prospectus dated April 27, 2000 and issued under the Agreement, and the Series 2000-3 Supplement dated as of May 3, 2000 to the Agreement (the "Series 2000-3 Supplement"). Interest on the Series 2000-3 Certificates accrues from May 3, 2000 and is payable on June 15, 2000 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-3 Class A Certificates and the Series 2000-3 Class B Certificates is scheduled to be distributed on the April 15, 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-3 Supplement. On June 22, 2000, the Trust issued $1,000,000,000 Class A Series 2000-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.125% per annum above three month LIBOR, and $96,970,000 Class B Series 2000-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.350% per annum above three month LIBOR (the "2000-4 Class A Certificates" and the "2000-4 Class B Certificates", respectively, and collectively, the "Series 2000-4 Certificates"), offered pursuant to a Prospectus Supplement dated June 13, 2000 to a Prospectus dated June 13, 2000 and issued under the Agreement, and the Series 2000-4 Supplement dated as of June 22, 2000 to the Agreement (the "Series 2000-4 Supplement"). Interest on the Series 2000-4 Certificates accrues from June 22, 2000 and is payable on September 15, 2000 and on the fifteenth day of each March, June, September and December - which are the Distribution Dates as described above. Principal with respect to the Series 2000-4 Class A Certificates and the Series 2000-4 Class B Certificates is scheduled to be distributed on the September 15, 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-4 Supplement. On September 15, 2000, the Trust issued $650,000,000 Class A Series 2000-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.140% per annum above one month LIBOR, and $63,030,000 Class B Series 2000-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.380% per annum above one month LIBOR (the "2000-5 Class A Certificates" and the "2000-5 Class B Certificates", respectively, and collectively, the "Series 2000-5 Certificates"), offered pursuant to a Prospectus Supplement dated September 8, 2000 to a Prospectus dated September 8, 2000 and issued under the Agreement, and the Series 2000-5 Supplement dated as of September 15, 2000 to the Agreement (the "Series 2000-5 Supplement"). Interest on the Series 2000-5 Certificates accrues from September 15, 2000 and is payable on October 16, 2000 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-5 Class A Certificates and the Series 2000-5 Class B Certificates is scheduled to be distributed on the September 15, 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-5 Supplement. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Not applicable. (b) Not applicable. (c) Exhibits: 20.1 Series 1996-1, Series 1997-1, Series 1998-1, Series 1999-1, Series 1999-2, Series 1999-3, Series 1999-4, Series 1999-5, Series 1999-6, Series 2000-1, Series 2000-2, Series 2000-3, Series 2000-4, and Series 2000-5 Monthly Servicer's Certificate dated February 12, 2001 for the February 15, 2001 Distribution Date. SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on the date indicated. Dated: February 15, 2001 AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST AMERICAN EXPRESS CENTURION BANK, Transferor By: /s/ Rhonda Halpern ------------------------------------- Name: Rhonda Halpern Title: Chief Financial Officer and Treasurer AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION II, Transferor By: /s/ Leslie R. Scharfstein ------------------------------------- Name: Leslie R. Scharfstein Title: President EXHIBIT INDEX ------------- Designation Description Page - ----------- ----------- ---- Exhibit 20.1 Series 1996-1, Series 1997-1, Series 1998-1, 8 Series 1999-1, Series 1999-2, Series 1999-3, Series 1999-4, Series 1999-5, Series 1999-6, Series 2000-1, Series 2000-2, Series 2000-3, Series 2000-4, and Series 2000-5 Monthly Servicer's Certificate dated February 12, 2001 for the February 15, 2001 Distribution Date. EX-20 2 exh20rfc2.txt EXHIBIT 20 MONTHLY SERVICER'S CERTIFICATE AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. -------------------------------------------- AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST -------------------------------------------- The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc., as Servicer ("TRS"), pursuant to the Pooling and Servicing Agreement, dated as of May 16, 1996 (as amended and supplemented, the "Agreement"), as supplemented by the Series Supplements (as amended and supplemented, the "Series Supplements"), among TRS, as Servicer, American Express Centurion Bank and American Express Receivables Financing Corporation II, as Transferors, and The Bank of New York, as Trustee, does hereby certify as follows: 1. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or the Series Supplements, as applicable. 2. TRS is, as of the date hereof, the Servicer under the Agreement. 3. The undersigned is a Servicing Officer. 4. This Certificate relates to the Distribution Date occurring on February 15, 2001 and covers activity from December 26, 2000 through January 25, 2001. 5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the Agreement through the Monthly Period preceding such Distribution Date. 6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution date. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of February, 2001. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer By: /s/ Lawrence Fazzari -------------------------------- Name: Lawrence Fazzari Title: Vice President Business Results - 1 -
I. Monthly Period Trust Activity - ---------------------------------------------------------------------------------------------------------------------------------- A. Trust Activity Trust Totals - ----------------- ------------ Number of days in period 31 Beginning Principal Receivable Balance 13,847,641,905.85 Special Funding Account Balance 0.00 Beginning Total Principal Balance 13,847,641,905.85 Finance Charge Collections (excluding 208,802,460.00 Discount Option & Recoveries) Discount Percentage 2.00% Discount Option Receivables Collections 37,885,915.54 Premium Option Receivables Collections 0.00 Recoveries 10,762,156.00 Total Collections of Finance Charge Receivables 257,450,531.54 Total Collections of Principal Receivables 1,856,409,861.46 Monthly Payment Rate 12.9735% Defaulted amount 64,209,224.54 Annualized Default Rate 5.5809% Trust Portfolio Yield 16.4307% New Principal Receivables 1,619,461,160.52 Ending Principal Receivables Balance 13,546,483,980.37 Ending Required Minimum Principal Balance 11,770,000,000.00 Ending Transferor Amount 2,546,483,980.37 Ending Special Funding Account Balance 0.00 Ending Total Principal Balance 13,546,483,980.37 - ----------------------------------------------------------------------------------------------------------------------------------- B. Series Allocations Series 1996-1 Series 1997-1 Series 1998-1 Series 1999-1 Series 1999-2 - --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 1 1 2 1 1 Invested Amount 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 500,000,000.00 Adjusted Invested Amount 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 500,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 70,000,000.00 70,000,000.00 70,000,000.00 70,000,000.00 35,000,000.00 Series Allocation Percentage 9.09% 9.09% 9.09% 9.09% 4.55% Series Alloc. Finance Charge Collections 23,404,593.78 23,404,593.78 23,404,593.78 23,404,593.78 11,702,296.89 Series Allocable Recoveries 978,377.82 978,377.82 978,377.82 978,377.82 489,188.91 Series Alloc. Principal Collections 168,764,532.86 168,764,532.86 168,764,532.86 168,764,532.86 84,382,266.43 Series Allocable Defaulted Amount 5,837,202.23 5,837,202.23 5,837,202.23 5,837,202.23 2,918,601.12 B. Series Allocations Series 1999-3 Series 1999-4 Series 1999-5 Series 1999-6 Series 2000-1 - --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 2 2 1 Invested Amount 1,000,000,000.00 500,000,000.00 500,000,000.00 500,000,000.00 500,000,000.00 Adjusted Invested Amount 1,000,000,000.00 500,000,000.00 500,000,000.00 500,000,000.00 500,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 70,000,000.00 35,000,000.00 35,000,000.00 35,000,000.00 35,000,000.00 Series Allocation Percentage 9.09% 4.55% 4.55% 4.55% 4.55% Series Alloc. Finance Charge Collections 23,404,593.78 11,702,296.89 11,702,296.89 11,702,296.89 11,702,296.89 Series Allocable Recoveries 978,377.82 489,188.91 489,188.91 489,188.91 489,188.91 Series Alloc. Principal Collections 168,764,532.86 84,382,266.43 84,382,266.43 84,382,266.43 84,382,266.43 Series Allocable Defaulted Amount 5,837,202.23 2,918,601.12 2,918,601.12 2,918,601.12 2,918,601.12 B. Series Allocations Series 2000-2 Series 2000-3 Series 2000-4 Series 2000-5 Trust Total - --------------------- ------------- ------------- ------------- ------------- ----------- Group Number 2 2 2 2 Invested Amount 500,000,000.00 1,000,000,000.00 1,212,122,000.00 787,878,000.00 11,000,000,000.00 Adjusted Invested Amount 500,000,000.00 1,000,000,000.00 1,212,122,000.00 787,878,000.00 11,000,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 35,000,000.00 70,000,000.00 84,848,540.00 55,151,460.00 770,000,000.00 Series Allocation Percentage 4.55% 9.09% 11.02% 7.16% 100% Series Alloc. Finance Charge Collections 11,702,296.89 23,404,593.78 28,369,223.02 18,439,964.54 257,450,531.54 Series Allocable Recoveries 489,188.91 978,377.82 1,185,913.28 770,842.36 10,762,156.00 Series Alloc. Principal Collections 84,382,266.43 168,764,532.86 204,563,203.10 132,965,862.62 1,856,409,861.46 Series Allocable Defaulted Amount 2,918,601.12 5,837,202.23 7,075,401.24 4,599,003.22 64,209,224.54
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C. Group Allocations - ----------------------------------------------------------------------------------------------------------------------------------- 1. Group 1 Allocations Series 1996-1 Series 1997-1 Series 1999-1 Series 1999-2 Series 2000-1 - ---------------------- ------------- ------------- ------------- ------------- ------------- Investor Finance Charge Collections 18,591,651.44 18,591,651.44 18,591,651.44 9,295,825.72 9,295,825.72 Investor Monthly Interest 5,641,706.04 5,331,810.21 4,749,831.04 2,507,311.35 2,991,894.69 Investor Default Amount 4,636,834.56 4,636,834.56 4,636,834.56 2,318,417.28 2,318,417.28 Investor Monthly Fees 1,666,666.67 1,666,666.67 1,666,666.67 833,333.33 833,333.33 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 11,945,207.27 11,635,311.43 11,053,332.27 5,659,061.97 6,143,645.30 Reallocated Investor Finance Charge Collections 18,591,651.44 18,591,651.44 18,591,651.44 9,295,825.72 9,295,825.72 Available Excess 6,646,444.17 6,956,340.00 7,538,319.17 3,636,763.75 3,152,180.42 1. Group 1 Allocations Group 1 Total - ---------------------- ------------- Investor Finance Charge Collections 74,366,605.75 Investor Monthly Interest 21,222,553.33 Investor Default Amount 18,547,338.23 Investor Monthly Fees 6,666,666.67 Investor Additional Amounts 0.00 Total 46,436,558.23 Reallocated Investor Finance Charge Collections 74,366,605.75 Available Excess 27,930,047.51 2. Group 2 Allocations Series 1998-1 Series 1999-3 Series 1999-4 Series 1999-5 Series 1999-6 - ---------------------- ------------- ------------- ------------- ------------- ------------- Investor Finance Charge Collections 18,591,651.44 18,591,651.44 9,295,825.72 9,295,825.72 9,295,825.72 Investor Monthly Interest 5,026,566.67 5,086,733.33 2,554,366.67 2,584,387.50 2,568,970.83 Investor Default Amount 4,636,834.56 4,636,834.56 2,318,417.28 2,318,417.28 2,318,417.28 Investor Monthly Fees 1,666,666.67 1,666,666.67 833,333.33 833,333.33 833,333.33 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 11,330,067.89 11,390,234.56 5,706,117.28 5,736,138.11 5,720,721.45 Reallocated Investor Finance Charge Collections 18,591,651.44 18,591,651.44 9,295,825.72 9,295,825.72 9,295,825.72 Available Excess 7,261,583.55 7,201,416.88 3,589,708.44 3,559,687.61 3,575,104.27 2. Group 2 Allocations Series 2000-2 Series 2000-3 Series 2000-4 Series 2000-5 Group 2 Total - ---------------------- ------------- ------------- ------------- ------------- ------------- Investor Finance Charge Collections 9,295,825.72 18,591,651.44 22,535,349.72 14,647,953.15 130,141,560.06 Investor Monthly Interest 2,554,272.92 5,097,191.67 6,793,373.00 4,009,826.00 36,275,688.59 Investor Default Amount 2,318,417.28 4,636,834.56 5,620,409.18 3,653,259.94 32,457,841.91 Investor Monthly Fees 833,333.33 1,666,666.67 2,020,203.33 1,313,130.00 11,666,666.67 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 5,706,023.53 11,400,692.89 14,433,985.52 8,976,215.94 80,400,197.17 Reallocated Investor Finance Charge Collections 9,295,825.72 18,591,651.44 22,535,349.72 14,647,953.15 130,141,560.06 Investment Funding Accoutn Proceeds 0.00 0.00 34,441.00 0.00 34,441.00 Available Excess 3,589,802.19 7,190,958.55 8,135,805.21 5,671,737.21 49,775,803.89 D. Trust Performance - -------------------- Delinquencies: 31-60 Days Delinquent: 199,049,819 61-90 Days Delinquent: 103,618,587 90+ Days Delinquent: 134,144,161 Total 30+ Days Delinquent: 436,812,567
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II. Series 1996-1 Certificates - ---------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ------------- --------------- ----------- Beginning Invested /Transferor Amount 1,258,876,536.90 1,000,000,000.00 258,876,536.90 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 23,404,593.78 18,591,651.44 4,812,942.34 Collections of Principal Receivables 168,764,532.86 134,059,638.03 34,704,894.83 Defaulted Amount 5,837,202.23 4,636,834.56 1,200,367.67 Ending Invested / Transferor Amounts 1,231,498,543.67 1,000,000,000.00 231,498,543.67 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ----------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 4,325,000.00 0.00 0.00 4,325,000.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.8000% 6.9500% 6.2806% Monthly Interest Due 4,901,666.67 347,500.00 392,539.38 5,641,706.04 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 4,901,666.67 347,500.00 392,539.38 5,641,706.04 Investor Default Amount 4,010,861.89 278,210.07 347,762.59 4,636,834.56 Investor Monthly Fees Due 1,441,666.67 100,000.00 125,000.00 1,666,666.67 Investor Additional Amounts Due Total Due 10,354,195.23 725,710.07 865,301.97 11,945,207.27 Reallocated Investor Finance Charge Collections 18,591,651.44 Interest and Principal Funding Investment Proceeds 0.00 Reserve Account Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.8919% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 865,000,000.00 60,000,000.00 75,000,000.00 1,000,000,000.00 Interest Distributions 4,901,666.67 347,500.00 392,539.38 5,641,706.04 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 4,901,666.67 347,500.00 392,539.38 5,641,706.04 Ending Certificates Balance 865,000,000.00 60,000,000.00 75,000,000.00 1,000,000,000.00
- 4 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.67 2. Amount of the distribution in respect of Class A Monthly Interest: $5.67 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.79 2. Amount of the distribution in respect of class B monthly interest: $5.79 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 5 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $392,539.38 2. Amount distributed in respect of Collateral Monthly Interest: $392,539.38 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 6 - 1. Class A Available Funds: $16,081,778.49 a. Class A Monthly Interest: $4,901,666.67 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $4,010,861.89 e. Excess Spread: $7,169,249.93 2. Class B Available Funds: $1,115,499.09 a. Class B Monthly Interest: $347,500.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $767,999.09 3. Collateral Available Funds: $1,394,373.86 a. Excess Spread: $1,394,373.86 4. Total Excess Spread: $9,331,622.88 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1996-1 Allocable Principal Collections: $168,764,532.86 3. Principal Allocation Percentage of Series 1996-1 Allocable Principal Collections: $134,059,638.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $134,059,638.03 6. Shared Principal Collections from other Series allocated to Series 1996-1: N/A 7. Other amounts Treated as Available Principal Collections: $4,636,834.56 8. Available Principal Collections (total of 5., 6. & 7.): $138,696,472.59 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $75,000,000.00 2. Required Collateral Invested Amount $75,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $138,696,472.59 - 7 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1996-1 1. Excess Spread: $9,331,622.88 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $278,210.07 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $392,539.38 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $347,762.59 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $4,325,000.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $2,321,444.17 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.8919% b. Prior Monthly Period 8.4290% c. Second Prior Monthly Period 8.9481% 2. Three Month Average Base Rate 8.7563% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 8 -
III. Series 1997-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 1,258,876,536.90 1,000,000,000.00 258,876,536.90 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 23,404,593.78 18,591,651.44 4,812,942.34 Collections of Principal Receivables 168,764,532.86 134,059,638.03 34,704,894.83 Defaulted Amount 5,837,202.23 4,636,834.56 1,200,367.67 Ending Invested / Transferor Amounts 1,231,498,543.67 1,000,000,000.00 231,498,543.67 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.4000% 6.5500% 6.2556% Monthly Interest Due 4,613,333.33 327,500.00 390,976.88 5,331,810.21 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 4,613,333.33 327,500.00 390,976.88 5,331,810.21 Investor Default Amount 4,010,861.89 278,210.07 347,762.59 4,636,834.56 Investor Monthly Fees Due 1,441,666.67 100,000.00 125,000.00 1,666,666.67 Investor Additional Amounts Dues Total Due 10,065,861.89 705,710.07 863,739.47 11,635,311.43 Reallocated Investor Finance Charge Collections 18,591,651.44 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.5148% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 865,000,000.00 60,000,000.00 75,000,000.00 1,000,000,000.00 Interest Distributions 4,613,333.33 327,500.00 390,976.88 5,331,810.21 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 4,613,333.33 327,500.00 390,976.88 5,331,810.21 Ending Certificates Balance 865,000,000.00 60,000,000.00 75,000,000.00 1,000,000,000.00
- 9 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.33 2. Amount of the distribution in respect of Class A Monthly Interest: $5.33 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.46 2. Amount of the distribution in respect of class B monthly interest: $5.46 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 10 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $390,976.88 2. Amount distributed in respect of Collateral Monthly Interest: $390,976.88 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 11 - 1. Class A Available Funds: $16,081,778.49 a. Class A Monthly Interest: $4,613,333.33 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $4,010,861.89 e. Excess Spread: $7,457,583.27 2. Class B Available Funds: $1,115,499.09 a. Class B Monthly Interest: $327,500.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $787,999.09 3. Collateral Available Funds: $1,394,373.86 a. Excess Spread: $1,394,373.86 4. Total Excess Spread: $9,639,956.21 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1997-1 Allocable Principal Collections: $168,764,532.86 3. Principal Allocation Percentage of Series 1997-1 Allocable Principal Collections: $134,059,638.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $134,059,638.03 6. Shared Principal Collections from other Series allocated to Series 1997-1: N/A 7. Other amounts Treated as Available Principal Collections: $4,636,834.56 8. Available Principal Collections (total of 5., 6. & 7.): $138,696,472.59 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $75,000,000.00 2. Required Collateral Invested Amount $75,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $138,696,472.59 - 12 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1997-1 1. Excess Spread: $9,639,956.21 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $278,210.07 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $390,976.88 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $347,762.59 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $6,956,340.00 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.5148% b. Prior Monthly Period 8.0754% c. Second Prior Monthly Period 8.5710% 2. Three Month Average Base Rate 8.3871% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 13 -
IV. Series 1998-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 1,258,876,536.90 1,000,000,000.00 258,876,536.90 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 23,404,593.78 18,591,651.44 4,812,942.34 Collections of Principal Receivables 168,764,532.86 134,059,638.03 34,704,894.83 Defaulted Amount 5,837,202.23 4,636,834.56 1,200,367.67 Ending Invested / Transferor Amounts 1,231,498,543.67 1,000,000,000.00 231,498,543.67 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- --------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 5.9706% 6.1306% 6.4806% Monthly Interest Due 4,104,808.13 408,708.67 513,049.88 5,026,566.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 4,104,808.13 408,708.67 513,049.88 5,026,566.67 Investor Default Amount 3,825,388.51 370,946.76 440,499.28 4,636,834.56 Investor Monthly Fees Due 1,375,000.00 133,333.33 158,333.33 1,666,666.67 Investor Additional Amounts Dues Total Due 9,305,196.64 912,988.76 1,111,882.49 11,330,067.89 Reallocated Investor Finance Charge Collections 18,591,651.44 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.1434% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ----------- ----- Beginning Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00 Interest Distributions 4,104,808.13 408,708.67 513,049.88 5,026,566.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 4,104,808.13 408,708.67 513,049.88 5,026,566.67 Ending Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00
- 14 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $4.98 2. Amount of the distribution in respect of Class A Monthly Interest: $4.98 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.11 2. Amount of the distribution in respect of class B monthly interest: $5.11 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 15 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $513,049.88 2. Amount distributed in respect of Collateral Monthly Interest: $513,049.88 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 16 - 1. Class A Available Funds: $15,338,112.44 a. Class A Monthly Interest: $4,104,808.13 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $3,825,388.51 e. Excess Spread: $7,407,915.80 2. Class B Available Funds: $1,487,332.11 a. Class B Monthly Interest: $408,708.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,078,623.45 3. Collateral Available Funds: $1,766,206.89 a. Excess Spread: $1,766,206.89 4. Total Excess Spread: $10,252,746.13 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1998-1 Allocable Principal Collections: $168,764,532.86 3. Principal Allocation Percentage of Series 1998-1 Allocable Principal Collections: $134,059,638.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $134,059,638.03 6. Shared Principal Collections from other Series allocated to Series 1998-1: N/A 7. Other amounts Treated as Available Principal Collections: $4,636,834.56 8. Available Principal Collections (total of 5., 6. & 7.): $138,696,472.59 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $95,000,000.00 2. Required Collateral Invested Amount $95,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $138,696,472.59 - 17 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1998-1 1. Excess Spread: $10,252,746.13 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $370,946.76 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $513,049.88 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $440,499.28 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $7,261,583.55 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.1434% b. Prior Monthly Period 8.8576% c. Second Prior Monthly Period 8.8931% 2. Three Month Average Base Rate 8.6314% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 18 -
V. Series 1999-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 1,258,876,536.90 1,000,000,000.00 258,876,536.90 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 23,404,593.78 18,591,651.44 4,812,942.34 Collections of Principal Receivables 168,764,532.86 134,059,638.03 34,704,894.83 Defaulted Amount 5,837,202.23 4,636,834.56 1,200,367.67 Ending Invested / Transferor Amounts 1,231,498,543.67 1,000,000,000.00 231,498,543.67 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 5.6000% 5.8500% 6.7306% Monthly Interest Due 4,036,666.67 292,500.00 420,664.38 4,749,831.04 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 4,036,666.67 292,500.00 420,664.38 4,749,831.04 Investor Default Amount 4,010,861.89 278,210.07 347,762.59 4,636,834.56 Investor Monthly Fees Due 1,441,666.67 100,000.00 125,000.00 1,666,666.67 Investor Additional Amounts Dues Total Due 9,489,195.23 670,710.07 893,426.97 11,053,332.27 Reallocated Investor Finance Charge Collections 18,591,651.44 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 7.8067% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 865,000,000.00 60,000,000.00 75,000,000.00 1,000,000,000.00 Interest Distributions 4,036,666.67 292,500.00 420,664.38 4,749,831.04 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 4,036,666.67 292,500.00 420,664.38 4,749,831.04 Ending Certificates Balance 865,000,000.00 60,000,000.00 75,000,000.00 1,000,000,000.00
- 19 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $4.67 2. Amount of the distribution in respect of Class A Monthly Interest: $4.67 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $4.88 2. Amount of the distribution in respect of class B monthly interest: $4.88 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 20 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $420,664.38 2. Amount distributed in respect of Collateral Monthly Interest: $420,664.38 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 21 - 1. Class A Available Funds: $16,081,778.49 a. Class A Monthly Interest: $4,036,666.67 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $4,010,861.89 e. Excess Spread: $8,034,249.93 2. Class B Available Funds: $1,115,499.09 a. Class B Monthly Interest: $292,500.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $822,999.09 3. Collateral Available Funds: $1,394,373.86 a. Excess Spread: $1,394,373.86 4. Total Excess Spread: $10,251,622.88 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1999-1 Allocable Principal Collections: $168,764,532.86 3. Principal Allocation Percentage of Series 1999-1 Allocable Principal Collections: $134,059,638.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $134,059,638.03 6. Shared Principal Collections from other Series allocated to Series 1999-1: N/A 7. Other amounts Treated as Available Principal Collections: $4,636,834.56 8. Available Principal Collections (total of 5., 6. & 7.): $138,696,472.59 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $75,000,000.00 2. Required Collateral Invested Amount $75,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $138,696,472.59 - 22 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1999-1 1. Excess Spread: $10,251,622.88 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $278,210.07 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $420,664.38 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $347,762.59 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $7,538,319.17 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 7.8067% b. Prior Monthly Period 7.4139% c. Second Prior Monthly Period 7.8630% 2. Three Month Average Base Rate 7.6945% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 23 -
VI. Series 1999-2 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 629,438,268.45 500,000,000.00 129,438,268.45 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 11,702,296.89 9,295,825.72 2,406,471.17 Collections of Principal Receivables 84,382,266.43 67,029,819.01 17,352,447.42 Defaulted Amount 2,918,601.12 2,318,417.28 600,183.84 Ending Invested / Transferor Amounts 615,749,271.83 500,000,000.00 115,749,271.83 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 5.9500% 6.1000% 6.7306% Monthly Interest Due 2,144,479.17 152,500.00 210,332.19 2,507,311.35 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,144,479.17 152,500.00 210,332.19 2,507,311.35 Investor Default Amount 2,005,430.95 139,105.04 173,881.30 2,318,417.28 Investor Monthly Fees Due 720,833.33 50,000.00 62,500.00 833,333.33 Investor Additional Amounts Dues Total Due 4,870,743.45 341,605.04 446,713.48 5,659,061.97 Reallocated Investor Finance Charge Collections 9,295,825.72 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.1289% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00 Interest Distributions 2,144,479.17 152,500.00 210,332.19 2,507,311.35 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,144,479.17 152,500.00 210,332.19 2,507,311.35 Ending Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00
- 24 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $4.96 2. Amount of the distribution in respect of Class A Monthly Interest: $4.96 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.08 2. Amount of the distribution in respect of class B monthly interest: $5.08 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 25 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $210,332.19 2. Amount distributed in respect of Collateral Monthly Interest: $210,332.19 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 26 - 1. Class A Available Funds: $8,040,889.25 a. Class A Monthly Interest: $2,144,479.17 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $2,005,430.95 e. Excess Spread: $3,890,979.13 2. Class B Available Funds: $557,749.54 a. Class B Monthly Interest: $152,500.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $405,249.54 3. Collateral Available Funds: $697,186.93 a. Excess Spread: $697,186.93 4. Total Excess Spread: $4,993,415.61 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1999-2 Allocable Principal Collections: $84,382,266.43 3. Principal Allocation Percentage of Series 1999-2 Allocable Principal Collections: $67,029,819.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $67,029,819.01 6. Shared Principal Collections from other Series allocated to Series 1999-2: N/A 7. Other amounts Treated as Available Principal Collections: $2,318,417.28 8. Available Principal Collections (total of 5., 6. & 7.): $69,348,236.29 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $37,500,000.00 2. Required Collateral Invested Amount $37,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $69,348,236.29 - 27 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1999-2 1. Excess Spread: $4,993,415.61 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $139,105.04 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $210,332.19 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $173,881.30 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $3,636,763.75 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.1289% b. Prior Monthly Period 7.7159% c. Second Prior Monthly Period 8.1851% 2. Three Month Average Base Rate 8.0100% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 28 -
VII. Series 1999-3 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 1,258,876,536.90 1,000,000,000.00 258,876,536.90 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 23,404,593.78 18,591,651.44 4,812,942.34 Collections of Principal Receivables 168,764,532.86 134,059,638.03 34,704,894.83 Defaulted Amount 5,837,202.23 4,636,834.56 1,200,367.67 Ending Invested / Transferor Amounts 1,231,498,543.67 1,000,000,000.00 231,498,543.67 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.0206% 6.2206% 6.7306% Monthly Interest Due 4,139,183.13 414,708.67 532,841.54 5,086,733.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 4,139,183.13 414,708.67 532,841.54 5,086,733.33 Investor Default Amount 3,825,388.51 370,946.76 440,499.28 4,636,834.56 Investor Monthly Fees Due 1,375,000.00 133,333.33 158,333.33 1,666,666.67 Investor Additional Amounts Dues Total Due 9,339,571.64 918,988.76 1,131,674.16 11,390,234.56 Reallocated Investor Finance Charge Collections 18,591,651.44 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.2166% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00 Interest Distributions 4,139,183.13 414,708.67 532,841.54 5,086,733.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 4,139,183.13 414,708.67 532,841.54 5,086,733.33 Ending Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00
- 29 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.02 2. Amount of the distribution in respect of Class A Monthly Interest: $5.02 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.18 2. Amount of the distribution in respect of class B monthly interest: $5.18 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 30 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $532,841.54 2. Amount distributed in respect of Collateral Monthly Interest: $532,841.54 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 31 - 1. Class A Available Funds: $15,338,112.44 a. Class A Monthly Interest: $4,139,183.13 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $3,825,388.51 e. Excess Spread: $7,373,540.80 2. Class B Available Funds: $1,487,332.11 a. Class B Monthly Interest: $414,708.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,072,623.45 3. Collateral Available Funds: $1,766,206.89 a. Excess Spread: $1,766,206.89 4. Total Excess Spread: $10,212,371.13 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1999-3 Allocable Principal Collections: $168,764,532.86 3. Principal Allocation Percentage of Series 1999-3 Allocable Principal Collections: $134,059,638.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $134,059,638.03 6. Shared Principal Collections from other Series allocated to Series 1999-3: N/A 7. Other amounts Treated as Available Principal Collections: $4,636,834.56 8. Available Principal Collections (total of 5., 6. & 7.): $138,696,472.59 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $95,000,000.00 2. Required Collateral Invested Amount $95,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $138,696,472.59 - 32 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1999-3 1. Excess Spread: $10,212,371.13 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $370,946.76 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $532,841.54 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $440,499.28 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $7,201,416.88 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.2166% b. Prior Monthly Period 8.9308% c. Second Prior Monthly Period 8.9663% 2. Three Month Average Base Rate 8.7046% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 33 -
VIII. Series 1999-4 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 629,438,268.45 500,000,000.00 129,438,268.45 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 11,702,296.89 9,295,825.72 2,406,471.17 Collections of Principal Receivables 84,382,266.43 67,029,819.01 17,352,447.42 Defaulted Amount 2,918,601.12 2,318,417.28 600,183.84 Ending Invested / Transferor Amounts 615,749,271.83 500,000,000.00 115,749,271.83 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.0506% 6.3006% 6.6806% Monthly Interest Due 2,079,904.06 210,021.00 264,441.60 2,554,366.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,079,904.06 210,021.00 264,441.60 2,554,366.67 Investor Default Amount 1,912,694.26 185,473.38 220,249.64 2,318,417.28 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Dues Total Due 4,680,098.32 462,161.05 563,857.91 5,706,117.28 Reallocated Investor Finance Charge Collections 9,295,825.72 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.2434% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 2,079,904.06 210,021.00 264,441.60 2,554,366.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,079,904.06 210,021.00 264,441.60 2,554,366.67 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 34 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.04 2. Amount of the distribution in respect of Class A Monthly Interest: $5.04 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.25 2. Amount of the distribution in respect of class B monthly interest: $5.25 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 35 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $264,441.60 2. Amount distributed in respect of Collateral Monthly Interest: $264,441.60 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 36 - 1. Class A Available Funds: $7,669,056.22 a. Class A Monthly Interest: $2,079,904.06 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $1,912,694.26 e. Excess Spread: $3,676,457.90 2. Class B Available Funds: $743,666.06 a. Class B Monthly Interest: $210,021.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $533,645.06 3. Collateral Available Funds: $883,103.44 a. Excess Spread: $883,103.44 4. Total Excess Spread: $5,093,206.40 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1999-4 Allocable Principal Collections: $84,382,266.43 3. Principal Allocation Percentage of Series 1999-4 Allocable Principal Collections: $67,029,819.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $67,029,819.01 6. Shared Principal Collections from other Series allocated to Series 1999-4: N/A 7. Other amounts Treated as Available Principal Collections: $2,318,417.28 8. Available Principal Collections (total of 5., 6. & 7.): $69,348,236.29 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $47,500,000.00 2. Required Collateral Invested Amount $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $69,348,236.29 - 37 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1999-4 1. Excess Spread: $5,093,206.40 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $185,473.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $264,441.60 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $220,249.64 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $3,589,708.44 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.2434% b. Prior Monthly Period 8.9576% c. Second Prior Monthly Period 8.9930% 2. Three Month Average Base Rate 8.7313% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 38 -
IX. Series 1999-5 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 629,438,268.45 500,000,000.00 129,438,268.45 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 11,702,296.89 9,295,825.72 2,406,471.17 Collections of Principal Receivables 84,382,266.43 67,029,819.01 17,352,447.42 Defaulted Amount 2,918,601.12 2,318,417.28 600,183.84 Ending Invested / Transferor Amounts 615,749,271.83 500,000,000.00 115,749,271.83 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.1206% 6.3606% 6.7806% Monthly Interest Due 2,103,966.56 212,021.00 268,399.94 2,584,387.50 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,103,966.56 212,021.00 268,399.94 2,584,387.50 Investor Default Amount 1,912,694.26 185,473.38 220,249.64 2,318,417.28 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Dues Total Due 4,704,160.82 464,161.05 567,816.25 5,736,138.11 Reallocated Investor Finance Charge Collections 9,295,825.72 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.3165% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 2,103,966.56 212,021.00 268,399.94 2,584,387.50 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,103,966.56 212,021.00 268,399.94 2,584,387.50 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 39 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.10 2. Amount of the distribution in respect of Class A Monthly Interest: $5.10 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.30 2. Amount of the distribution in respect of class B monthly interest: $5.30 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 40 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $268,399.94 2. Amount distributed in respect of Collateral Monthly Interest: $268,399.94 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 41 - 1. Class A Available Funds: $7,669,056.22 a. Class A Monthly Interest: $2,103,966.56 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $1,912,694.26 e. Excess Spread: $3,652,395.40 2. Class B Available Funds: $743,666.06 a. Class B Monthly Interest: $212,021.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $531,645.06 3. Collateral Available Funds: $883,103.44 a. Excess Spread: $883,103.44 4. Total Excess Spread: $5,067,143.90 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1999-5 Allocable Principal Collections: $84,382,266.43 3. Principal Allocation Percentage of Series 1999-5 Allocable Principal Collections: $67,029,819.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $67,029,819.01 6. Shared Principal Collections from other Series allocated to Series 1999-5: N/A 7. Other amounts Treated as Available Principal Collections: $2,318,417.28 8. Available Principal Collections (total of 5., 6. & 7.): $69,348,236.29 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $47,500,000.00 2. Required Collateral Invested Amount $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $69,348,236.29 - 42 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1999-5 1. Excess Spread: $5,067,143.90 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $185,473.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $268,399.94 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $220,249.64 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $3,559,687.61 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.3165% b. Prior Monthly Period 9.0306% c. Second Prior Monthly Period 9.0661% 2. Three Month Average Base Rate 8.8044% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 43 -
X. Series 1999-6 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 629,438,268.45 500,000,000.00 129,438,268.45 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 11,702,296.89 9,295,825.72 2,406,471.17 Collections of Principal Receivables 84,382,266.43 67,029,819.01 17,352,447.42 Defaulted Amount 2,918,601.12 2,318,417.28 600,183.84 Ending Invested / Transferor Amounts 615,749,271.83 500,000,000.00 115,749,271.83 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.0806% 6.3106% 6.7806% Monthly Interest Due 2,090,216.56 210,354.33 268,399.94 2,568,970.83 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,090,216.56 210,354.33 268,399.94 2,568,970.83 Investor Default Amount 1,912,694.26 185,473.38 220,249.64 2,318,417.28 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Dues Total Due 4,690,410.82 462,494.38 567,816.25 5,720,721.45 Reallocated Investor Finance Charge Collections 9,295,825.72 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.2789% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 2,090,216.56 210,354.33 268,399.94 2,568,970.83 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,090,216.56 210,354.33 268,399.94 2,568,970.83 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 44 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.07 2. Amount of the distribution in respect of Class A Monthly Interest: $5.07 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.26 2. Amount of the distribution in respect of class B monthly interest: $5.26 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 45 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $268,399.94 2. Amount distributed in respect of Collateral Monthly Interest: $268,399.94 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 46 - 1. Class A Available Funds: $7,669,056.22 a. Class A Monthly Interest: $2,090,216.56 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $1,912,694.26 e. Excess Spread: $3,666,145.40 2. Class B Available Funds: $743,666.06 a. Class B Monthly Interest: $210,354.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $533,311.72 3. Collateral Available Funds: $883,103.44 a. Excess Spread: $883,103.44 4. Total Excess Spread: $5,082,560.57 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 1999-6 Allocable Principal Collections: $84,382,266.43 3. Principal Allocation Percentage of Series 1999-6 Allocable Principal Collections: $67,029,819.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $67,029,819.01 6. Shared Principal Collections from other Series allocated to Series 1999-6: N/A 7. Other amounts Treated as Available Principal Collections: $2,318,417.28 8. Available Principal Collections (total of 5., 6. & 7.): $69,348,236.29 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $47,500,000.00 2. Required Collateral Invested Amount $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $69,348,236.29 - 47 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 1999-6 1. Excess Spread: $5,082,560.57 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $185,473.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $268,399.94 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $220,249.64 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $3,575,104.27 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.2789% b. Prior Monthly Period 8.9931% c. Second Prior Monthly Period 9.0286% 2. Three Month Average Base Rate 8.7669% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 48 -
XI. Series 2000-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 629,438,268.45 500,000,000.00 129,438,268.45 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 11,702,296.89 9,295,825.72 2,406,471.17 Collections of Principal Receivables 84,382,266.43 67,029,819.01 17,352,447.42 Defaulted Amount 2,918,601.12 2,318,417.28 600,183.84 Ending Invested / Transferor Amounts 615,749,271.83 500,000,000.00 115,749,271.83 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 7.2000% 7.4000% 6.7806% Monthly Interest Due 2,595,000.00 185,000.00 211,894.69 2,991,894.69 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,595,000.00 185,000.00 211,894.69 2,991,894.69 Investor Default Amount 2,005,430.95 139,105.04 173,881.30 2,318,417.28 Investor Monthly Fees Due 720,833.33 50,000.00 62,500.00 833,333.33 Investor Additional Amounts Dues Total Due 5,321,264.28 374,105.04 448,275.98 6,143,645.30 Reallocated Investor Finance Charge Collections 9,295,825.72 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 9.3081% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ------ Beginning Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00 Interest Distributions 2,595,000.00 185,000.00 211,894.69 2,991,894.69 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,595,000.00 185,000.00 211,894.69 2,991,894.69 Ending Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00
- 49 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $6.00 2. Amount of the distribution in respect of Class A Monthly Interest: $6.00 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $6.17 2. Amount of the distribution in respect of class B monthly interest: $6.17 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 50 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $211,894.69 2. Amount distributed in respect of Collateral Monthly Interest: $211,894.69 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 51 - 1. Class A Available Funds: $8,040,889.25 a. Class A Monthly Interest: $2,595,000.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $2,005,430.95 e. Excess Spread: $3,440,458.30 2. Class B Available Funds: $557,749.54 a. Class B Monthly Interest: $185,000.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $372,749.54 3. Collateral Available Funds: $697,186.93 a. Excess Spread: $697,186.93 4. Total Excess Spread: $4,510,394.77 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 2000-1 Allocable Principal Collections: $84,382,266.43 3. Principal Allocation Percentage of Series 2000-1 Allocable Principal Collections: $67,029,819.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $67,029,819.01 6. Shared Principal Collections from other Series allocated to Series 2000-1: N/A 7. Other amounts Treated as Available Principal Collections: $2,318,417.28 8. Available Principal Collections (total of 5., 6. & 7.): $69,348,236.29 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $37,500,000.00 2. Required Collateral Invested Amount $37,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $69,348,236.29 - 52 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-1 1. Excess Spread: $4,510,394.77 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $139,105.04 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $211,894.69 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $173,881.30 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $3,152,180.42 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 9.3081% b. Prior Monthly Period 8.8216% c. Second Prior Monthly Period 9.3643% 2. Three Month Average Base Rate 9.1646% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 53 -
XII. Series 2000-2 Certificates - ---------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 629,438,268.45 500,000,000.00 129,438,268.45 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 11,702,296.89 9,295,825.72 2,406,471.17 Collections of Principal Receivables 84,382,266.43 67,029,819.01 17,352,447.42 Defaulted Amount 2,918,601.12 2,318,417.28 600,183.84 Ending Invested / Transferor Amounts 615,749,271.83 500,000,000.00 115,749,271.83 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.0456% 6.2306% 6.7806% Monthly Interest Due 2,078,185.31 207,687.67 268,399.94 2,554,272.92 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,078,185.31 207,687.67 268,399.94 2,554,272.92 Investor Default Amount 1,912,694.26 185,473.38 220,249.64 2,318,417.28 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Dues Total Due 4,678,379.57 459,827.72 567,816.25 5,706,023.53 Reallocated Investor Finance Charge Collections 9,295,825.72 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.2432% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 2,078,185.31 207,687.67 268,399.94 2,554,272.92 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,078,185.31 207,687.67 268,399.94 2,554,272.92 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 54 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.04 2. Amount of the distribution in respect of Class A Monthly Interest: $5.04 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.19 2. Amount of the distribution in respect of class B monthly interest: $5.19 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 55 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $268,399.94 2. Amount distributed in respect of Collateral Monthly Interest: $268,399.94 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 56 - 1. Class A Available Funds: $7,669,056.22 a. Class A Monthly Interest: $2,078,185.31 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $1,912,694.26 e. Excess Spread: $3,678,176.65 2. Class B Available Funds: $743,666.06 a. Class B Monthly Interest: $207,687.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $535,978.39 3. Collateral Available Funds: $883,103.44 a. Excess Spread: $883,103.44 4. Total Excess Spread: $5,097,258.48 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 2000-2 Allocable Principal Collections: $84,382,266.43 3. Principal Allocation Percentage of Series 2000-2 Allocable Principal Collections: $67,029,819.01 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $67,029,819.01 6. Shared Principal Collections from other Series allocated to Series 2000-2: N/A 7. Other amounts Treated as Available Principal Collections: $2,318,417.28 8. Available Principal Collections (total of 5., 6. & 7.): $69,348,236.29 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $47,500,000.00 2. Required Collateral Invested Amount $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $69,348,236.29 - 57 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-2 1. Excess Spread: $5,097,258.48 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $185,473.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $268,399.94 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $220,249.64 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $3,589,802.19 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.2432% b. Prior Monthly Period 8.9573% c. Second Prior Monthly Period 8.9928% 2. Three Month Average Base Rate 8.7311% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 58 -
XIII. Series 2000-3 Certificates - ---------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 1,258,876,536.90 1,000,000,000.00 258,876,536.90 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 23,404,593.78 18,591,651.44 4,812,942.34 Collections of Principal Receivables 168,764,532.86 134,059,638.03 34,704,894.83 Defaulted Amount 5,837,202.23 4,636,834.56 1,200,367.67 Ending Invested / Transferor Amounts 1,231,498,543.67 1,000,000,000.00 231,498,543.67 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.0406% 6.2306% 6.6806% Monthly Interest Due 4,152,933.13 415,375.33 528,883.21 5,097,191.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 4,152,933.13 415,375.33 528,883.21 5,097,191.67 Investor Default Amount 3,825,388.51 370,946.76 440,499.28 4,636,834.56 Investor Monthly Fees Due 1,375,000.00 133,333.33 158,333.33 1,666,666.67 Investor Additional Amounts Dues Total Due 9,353,321.64 919,655.43 1,127,715.82 11,400,692.89 Reallocated Investor Finance Charge Collections 18,591,651.44 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.2294% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00 Interest Distributions 4,152,933.13 415,375.33 528,883.21 5,097,191.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 4,152,933.13 415,375.33 528,883.21 5,097,191.67 Ending Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00
- 59 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.03 2. Amount of the distribution in respect of Class A Monthly Interest: $5.03 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.19 2. Amount of the distribution in respect of class B monthly interest: $5.19 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 60 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $528,883.21 2. Amount distributed in respect of Collateral Monthly Interest: $528,883.21 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 61 - 1. Class A Available Funds: $15,338,112.44 a. Class A Monthly Interest: $4,152,933.13 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $3,825,388.51 e. Excess Spread: $7,359,790.80 2. Class B Available Funds: $1,487,332.11 a. Class B Monthly Interest: $415,375.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,071,956.78 3. Collateral Available Funds: $1,766,206.89 a. Excess Spread: $1,766,206.89 4. Total Excess Spread: $10,197,954.47 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 2000-3 Allocable Principal Collections: $168,764,532.86 3. Principal Allocation Percentage of Series 2000-3 Allocable Principal Collections: $134,059,638.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $134,059,638.03 6. Shared Principal Collections from other Series allocated to Series 2000-3: N/A 7. Other amounts Treated as Available Principal Collections: $4,636,834.56 8. Available Principal Collections (total of 5., 6. & 7.): $138,696,472.59 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $95,000,000.00 2. Required Collateral Invested Amount $95,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $138,696,472.59 - 62 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-3 1. Excess Spread: $10,197,954.47 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $370,946.76 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $528,883.21 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $440,499.28 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $7,190,958.55 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.2294% b. Prior Monthly Period 8.9435% c. Second Prior Monthly Period 8.9790% 2. Three Month Average Base Rate 8.7173% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 63 -
XIV. Series 2000-4 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 1,525,911,945.65 1,212,122,000.00 313,789,945.65 Beginning Adjusted Invested Amount N/A 1,212,122,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 28,369,223.02 22,535,349.72 5,833,873.29 Collections of Principal Receivables 204,563,203.10 162,496,636.57 42,066,566.53 Defaulted Amount 7,075,401.24 5,620,409.18 1,454,992.06 Ending Invested / Transferor Amounts 1,492,726,477.75 1,212,122,000.00 280,604,477.75 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.7050% 6.9300% 6.7306% Monthly Interest Due 5,587,500.00 560,001.75 645,871.25 6,793,373.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 5,587,500.00 560,001.75 645,871.25 6,793,373.00 Investor Default Amount 4,636,834.56 449,633.85 533,940.77 5,620,409.18 Investor Monthly Fees Due 1,666,666.67 161,616.67 191,920.00 2,020,203.33 Investor Additional Amounts Dues Total Due 11,891,001.23 1,171,252.26 1,371,732.03 14,433,985.52 Reallocated Investor Finance Charge Collections 22,535,349.72 Interest and Principal Funding Investment Proceeds 34,441.00 Series Adjusted Portfolio Yield 16.4641% Base Rate 8.8466% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ------ Beginning Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00 Interest Distributions 5,587,500.00 560,001.75 645,871.25 6,793,373.00 Interest Deposits - Interest Funding Account (5,587,500.00) (560,001.75) 0.00 (6,147,501.75) Interest Funding Account Distributions 0.00 0.00 0.00 0.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 0.00 0.00 645,871.25 645,871.25 Ending Interest Funding Account Balance 11,547,500.00 1,157,336.95 0.00 12,704,836.95 Ending Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00
- 64 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.59 2. Amount of the distribution in respect of Class A Monthly Interest: $5.59 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.78 2. Amount of the distribution in respect of class B monthly interest: $5.78 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 65 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $645,871.25 2. Amount distributed in respect of Collateral Monthly Interest: $645,871.25 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 66 - 1. Class A Available Funds(Includes Int. Income from IFA): $18,626,092.44 a. Class A Monthly Interest: $5,587,500.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $4,636,834.56 e. Excess Spread: $8,401,757.88 2. Class B Available Funds: $1,802,832.44 a. Class B Monthly Interest: $560,001.75 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,242,830.69 3. Collateral Available Funds: $2,140,865.85 a. Excess Spread: $2,140,865.85 4. Total Excess Spread: $11,785,454.41 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 2000-4 Allocable Principal Collections: $204,563,203.10 3. Principal Allocation Percentage of Series 2000-4 Allocable Principal Collections: $162,496,636.57 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $162,496,636.57 6. Shared Principal Collections from other Series allocated to Series 2000-4: N/A 7. Other amounts Treated as Available Principal Collections: $5,620,409.18 8. Available Principal Collections (total of 5., 6. & 7.): $168,117,045.75 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $115,152,000.00 2. Required Collateral Invested Amount $115,152,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $168,117,045.75 - 67 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-4 1. Excess Spread: $11,785,454.41 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $449,633.85 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $645,871.25 9. Applied to unpaid Monthly Servicing Fee: $2,020,203.33 10. Collateral Default Amount treated as Available Principal Collections: $533,940.77 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $8,135,805.21 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.8466% b. Prior Monthly Period 8.7998% c. Second Prior Monthly Period 8.9912% 2. Three Month Average Base Rate 8.8792% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4641% b. Prior Monthly Period 16.5129% c. Second Prior Monthly Period 16.7201% 4. Three Month Average Series Adjusted Portfolio Yield 16.5657% - 68 -
XV. Series 2000-5 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- --------------- ----------- Beginning Invested /Transferor Amount 991,841,128.14 787,878,000.00 203,963,128.14 Beginning Adjusted Invested Amount N/A 787,878,000.00 N/A Floating Allocation Percentage N/A 79.4359% 20.5641% Principal Allocation Percentage N/A 79.4359% 20.5641% Collections of Finance Chg. Receivables 18,439,964.54 14,647,953.15 3,792,011.38 Collections of Principal Receivables 132,965,862.62 105,622,639.49 27,343,223.13 Defaulted Amount 4,599,003.22 3,653,259.94 945,743.28 Ending Invested / Transferor Amounts 970,270,609.59 787,878,000.00 182,392,609.59 Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon January 16, 2001 - February 14, 2001 6.0206% 6.2606% 6.7306% Monthly Interest Due 3,261,174.58 328,839.59 419,811.83 4,009,826.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 3,261,174.58 328,839.59 419,811.83 4,009,826.00 Investor Default Amount 3,013,942.46 292,259.68 347,057.79 3,653,259.94 Investor Monthly Fees Due 1,083,333.33 105,050.00 124,746.67 1,313,130.00 Investor Additional Amounts Dues Total Due 7,358,450.38 726,149.27 891,616.29 8,976,215.94 Reallocated Investor Finance Charge Collections 14,647,953.15 Interest and Principal Funding Investment Proceeds 0.00 Series Adjusted Portfolio Yield 16.4307% Base Rate 8.2199% Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00 Interest Distributions 3,261,174.58 328,839.59 419,811.83 4,009,826.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 3,261,174.58 328,839.59 419,811.83 4,009,826.00 Ending Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00
- 69 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $5.02 2. Amount of the distribution in respect of Class A Monthly Interest: $5.02 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $5.22 2. Amount of the distribution in respect of class B monthly interest: $5.22 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), - 70 - and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $419,811.83 2. Amount distributed in respect of Collateral Monthly Interest: $419,811.83 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 J. Application of Reallocated Investor Finance Charge Collections. - 71 - 1. Class A Available Funds: $12,084,573.43 a. Class A Monthly Interest: $3,261,174.58 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount $0.00 (Treated as Available Principal Collections): $3,013,942.46 e. Excess Spread: $5,809,456.39 2. Class B Available Funds: $1,171,831.79 a. Class B Monthly Interest: $328,839.59 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $842,992.20 3. Collateral Available Funds: $1,391,547.93 a. Excess Spread: $1,391,547.93 4. Total Excess Spread: $8,043,996.51 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 79.4359% 2. Series 2000-5 Allocable Principal Collections: $132,965,862.62 3. Principal Allocation Percentage of Series 2000-5 Allocable Principal Collections: $105,622,639.49 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $105,622,639.49 6. Shared Principal Collections from other Series allocated to Series 2000-5: N/A 7. Other amounts Treated as Available Principal Collections: $3,653,259.94 8. Available Principal Collections (total of 5., 6. & 7.): $109,275,899.43 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount $74,848,000.00 2. Required Collateral Invested Amount $74,848,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $109,275,899.43 - 71 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-5 1. Excess Spread: $8,043,996.51 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $292,259.68 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $419,811.83 9. Applied to unpaid Monthly Servicing Fee: $1,313,130.00 10. Collateral Default Amount treated as Available Principal Collections: $347,057.79 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 14. Balance: $5,671,737.21 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.2199% b. Prior Monthly Period 8.9340% c. Second Prior Monthly Period 8.9695% 2. Three Month Average Base Rate 8.7078% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4307% b. Prior Monthly Period 16.5097% c. Second Prior Monthly Period 16.6539% 4. Three Month Average Series Adjusted Portfolio Yield 16.5314% - 73 - -----END PRIVACY-ENHANCED MESSAGE-----