-----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, Hsx1JDUPuLzWP4cmQwx4U+bKtcgnF5EHOVuaU/wTVOWxH7LSU40WOAgWRTQeiSec bmywSfKf61Gzb9Ygb3zauQ== 0000950124-01-001831.txt : 20010402 0000950124-01-001831.hdr.sgml : 20010402 ACCESSION NUMBER: 0000950124-01-001831 CONFORMED SUBMISSION TYPE: 10-K405 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20001231 FILED AS OF DATE: 20010330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DAIMLERCHRYSLER AUTO TRUST 2000-D CENTRAL INDEX KEY: 0001127705 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 522109803 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K405 SEC ACT: SEC FILE NUMBER: 333-92583-04 FILM NUMBER: 1586131 BUSINESS ADDRESS: STREET 1: 27777 FRANKLIN RD STREET 2: 25TH FLOOR CITY: SOUTHFIELD STATE: MI ZIP: 48034 BUSINESS PHONE: 2489483067 MAIL ADDRESS: STREET 1: 27777 FRANKLIN RD STREET 2: 25 TH FLOOR CITY: SOUTHFIELD STATE: MI ZIP: 48034 10-K405 1 k61136e10-k405.txt FORM 10-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2000 ------------------------ OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to ------------ ------------ Commission file number: 333-92583-04 ------------ DAIMLERCHRYSLER AUTO TRUST 2000-D - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) State of Delaware 52-2297037 - -------------------------------------------------------------------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1201 Market Street, Wilmington, Delaware 19801 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (248) 512-3990 --------------------- Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No --- --- Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] 2 PART I. ITEM 1. BUSINESS DaimlerChrysler Auto Trust 2000-D (the "Trust") was formed under the laws of Delaware pursuant to an Amended and Restated Trust Agreement dated as of November 6, 2000, among DaimlerChrysler Retail Receivables LLC ("DCRR"), Chrysler Financial Company LLC ("CFC" and "Servicer"), and Chase Manhattan Bank Delaware, acting thereunder not in its individual capacity but solely as trustee of the Trust. On November 6, 2000, the Trust issued $254,886,000 aggregate principal amount of 6.699% Asset Backed Notes, Class A-1 (the "Class A-1 Notes"), $550,000,000 aggregate principal amount of 6.70% Asset Backed Notes, Class A-2 (the "Class A-2 Notes"), $600,000,000 aggregate principal amount of 6.66% Asset Backed Notes, Class A-3 (the "Class A-3 Notes"), and $350,000,000 aggregate principal amount of 6.70% Asset Backed Notes, Class A-4 (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Notes"). The Notes were issued pursuant to an Indenture dated as of November 1, 2000, between the Trust and Bank One, National Association, (the "Indenture Trustee".) The assets of the Trust include a pool of motor vehicle retail installment sale contracts ("Receivables"), secured by security interests in the motor vehicles financed thereby and including certain monies due or received thereunder on or after October 24, 2000, transferred to the Trust by CFC on November 6, 2000. The Notes are secured by the assets of the Trust pursuant to the Indenture. The Trust also issued $58,950,000 aggregate principal amount of Asset Backed Certificates (the "Certificates" and, together with the Notes, the "Securities"). The Certificates represent fractional undivided interests in the Trust. The Class A-1 Notes and Certificates were not offered and will initially be held by the Servicer, which may thereafter sell the Class A-1 Notes and Certificates. The Certificates will not bear interest and no principal will be paid until the Notes have been paid in full. The Trust has no employees. ITEM 2. PROPERTIES Aggregate number and principal amount of delinquent receivables as of December 31, 2000: $2,149.168 Delinquency rates and net losses on the receivables as of December 31, 2000: .05230% and .06150% respectively. ITEM 3. LEGAL PROCEEDINGS There is nothing to report with regard to this item. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 2 3 PART II. ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS The number of holders of securities issued by the Trust as of the date of this report are: Class A-2: 16: Class A-3: 28; Class A-4: 36. ITEM 6. SELECTED FINANCIAL DATA The selected financial data has been omitted since the required information is included in the financial statements or notes thereto. ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION The Trust was formed under the laws of Delaware pursuant to an Amended and Restated Trust Agreement dated as of November 1, 2000, among DCRR, CFC, and Chase Manhattan Bank, USA, N.A. Delaware, acting thereunder not in its individual capacity but solely as trustee of the Trust. On November 6 2000, the Trust issued $254,886,000 aggregate principal amount of 6.699% Asset Backed Notes, Class A-1 (the "Class A-1 Notes"), $550,000,000 aggregate principal amount of 6.70% Asset Backed Notes, Class A-2 (the "Class A-2 Notes"), $600,000,000 aggregate principal amount of 6.66% Asset Backed Notes, Class A-3 (the "Class A-3 Notes"), and $350,000,000 aggregate principal amount of 6.70% Asset Backed Notes, Class A-4 (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Notes"). The Notes were issued pursuant to an Indenture dated as of November 1, 2000, between the Trust and the Indenture Trustee. The assets of the Trust include a pool of motor vehicle retail installment sale contracts ("Receivables"), secured by security interests in the motor vehicles financed thereby and including certain monies due or received thereunder on or after October 24, 2000, transferred to the Trust by CFC on November 6, 2000. The Notes are secured by the assets of the Trust pursuant to the Indenture. The Trust also issued $58,950,000 aggregate principal amount of Asset Backed Certificates (the "Certificates" and, together with the Notes, the "Securities"). The Certificates represent fractional undivided interests in the Trust. The Certificates were not offered and will initially be held by the Servicer, which may thereafter sell the Certificates. The Certificates will not bear interest and no principal will be paid until the Notes have been paid in full. The Trust has no employees. ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK There is nothing to report with regard to this item. 3 4 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA DAIMLERCHRYSLER AUTO TRUST 2000-D STATEMENT OF ASSETS, LIABILITIES AND EQUITY ARISING FROM CASH TRANSACTIONS DECEMBER 31, 2000 (in millions of dollars) ASSETS Cash and Cash Equivalents (Note 1) $ 4.6 Receivables (Note 2) 1,806.0 -------- TOTAL ASSETS $1,810.6 ======== LIABILITIES AND EQUITY Amounts Held for Future Distribution (Note 1) $ 56.6 Asset Backed Securities (Notes 2 and 3) 1,754.0 -------- TOTAL LIABILITIES AND EQUITY $1,810.6 ========
See Notes to Financial Statements. 4 5 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (CONTINUED) DAIMLERCHRYSLER AUTO TRUST 2000-D STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE PERIOD NOVEMBER 1, 2000 (INCEPTION) THROUGH DECEMBER 31, 2000 (in millions of dollars) CASH RECEIPTS Proceeds from Sale of Asset Backed Securities $ 1,813.8 Collections of Principal & Interest, and Other 76.8 --------- TOTAL CASH RECEIPTS 1,890.6 --------- CASH DISBURSEMENTS Purchase of Receivables 1,813.8 Distribution of Principal & Interest, and Other 72.2 --------- TOTAL CASH DISBURSEMENTS 1,886.0 --------- CASH RECEIPTS IN EXCESS OF CASH DISBURSEMENTS $ 4.6 =========
See Notes to Financial Statements. 5 6 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (CONTINUED) DAIMLERCHRYSLER AUTO TRUST 2000-D NOTES TO FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements of the Trust are prepared on the basis of cash receipts and disbursements, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The primary difference from the accrual basis to this basis is that the financial statements do not record overcollateralized receivables, accrued interest receivable on the Receivables, or accrued interest payable on the Notes from the most recent Distribution Date to the balance sheet date. CASH AND CASH EQUIVALENTS Short-term instruments with a maturity of less than three months when purchased are considered to be cash equivalents. The Trust received certain cash deposits from CFC which are held as liquidity and credit enhancement reserves and invested in short-term instruments. Under the Sale and Servicing Agreement, the servicer is required to convey principal and interest collections to the Trust on a monthly basis except when commingling conditions cease to be met under the Sale and Servicing Agreement. AMOUNTS HELD FOR FUTURE DISTRIBUTION Amounts held for future distribution represent certain short-term investments held for future distributions to Noteholders and for liquidity and credit enhancement reserves. Amounts held for liquidity and credit enhancement reserves which are not utilized for future distributions to Noteholders will be distributed to DCRR. 6 7 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (CONTINUED) DAIMLERCHRYSLER AUTO TRUST 2000-D NOTES TO FINANCIAL STATEMENTS NOTE 2 - SALE OF ASSET BACKED SECURITIES The Trust was formed under the laws of Delaware pursuant to an Amended and Restated Trust Agreement dated as of November 1, 2000, among DCRR, CFC, and Chase Manhattan Bank, USA, N.A. Delaware, acting thereunder not in its individual capacity but solely as trustee of the Trust. On November 6, 2000, the Trust issued $254,886,000 aggregate principal amount of 6.699% Asset Backed Notes, Class A-1 (the "Class A-1 Notes"), $550,000,000 aggregate principal amount of 6.70% Asset Backed Notes, Class A-2 (the "Class A-2 Notes"), $600,000,000 aggregate principal amount of 6.66% Asset Backed Notes, Class A-3 (the "Class A-3 Notes"), and $350,000,000 aggregate principal amount of 6.70% Asset Backed Notes, Class A-4 (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Notes"). The Notes were issued pursuant to an Indenture dated as of November 1, 2000, between the Trust and Bank One, National Association, as Indenture Trustee. The assets of the Trust include a pool of motor vehicle retail installment sale contracts ("Receivables"), secured by security interests in the motor vehicles financed thereby and including certain monies due or received thereunder on or after October 24, 2000, transferred to the Trust by CFC on November 6, 2000. The Notes are secured by the assets of the Trust pursuant to the Indenture. The Trust also issued $58,950,000 aggregate principal amount of Asset Backed Certificates (the "Certificates" and, together with the Notes, the "Securities"). The Certificates represent fractional undivided interests in the Trust. The Certificates were not offered and will initially be held by the Servicer, which may thereafter sell the Certificates. The Certificates will not bear interest and no principal will be paid until the Notes have been paid in full. NOTE 3 - PRINCIPAL AND INTEREST PAYMENTS Interest on the Notes will accrue at the respective fixed per annum interest rates specified above. Interest on the Notes will generally be payable on the eighth day of each month or, if any such day is not a Business Day, on the next succeeding Business Day (each, a "Distribution Date"), commencing December 8, 2000. Principal of the Notes will be payable on each Distribution Date to the extent described in the Prospectus Supplement dated October 31, 2000, and the Prospectus dated February 29, 2000 (collectively, the "Prospectus"); however, no principal payments will be made (i) on the Class A-2 Notes until the Class A-1 Notes have been paid in full, (ii) on the Class A-3 Notes until the Class A-2 Notes have been paid in full or (iii) on the Class A-4 Notes until the Class A-3 Notes have been paid in full. Each class of the Notes will be payable in full on the applicable final scheduled Distribution Date as set forth in the Prospectus. However, payment in full of a class of Notes could occur earlier than such dates as described in the Prospectus. In addition, the Class A-4 Notes will be subject to redemption in whole, but not in part, on any Distribution Date on which the Servicer exercises its option to purchase the Receivables. The Servicer may purchase the Receivables when the aggregate principal balance of the Receivables shall have declined to 10% or less of the initial aggregate principal balance of the Receivables purchased by the Trust. 7 8 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (CONTINUED) DAIMLERCHRYSLER AUTO TRUST 2000-D NOTES TO FINANCIAL STATEMENTS NOTE 4 - FEDERAL INCOME TAXES In the opinion of outside legal counsel, for federal income tax purposes, the Notes will be characterized as debt, and the Trust will not be characterized as an association (or a publicly traded partnership) taxable as a corporation. Therefore, no provision for federal income taxes has been recorded. NOTE 5 - FINANCIAL INSTRUMENTS The estimated fair value of financial instruments have been determined using available market information and valuation methodologies as described below. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized in a current market exchange. The use of different market assumptions or valuation methodologies may have a material effect on the estimated fair value amounts. The carrying amounts and estimated fair values of the Trust's financial instruments at December 31, 2000 were as follows:
Carrying Fair Amount Value ------ ----- (in millions of dollars) Cash and Cash Equivalents $ 4.6 $ 4.6 Receivables $ 1,806.0 $ 1,778.4 Amounts Held for Future Distribution $ 56.6 $ 23.1 Asset Backed Securities $ 1,754.0 $ 1,759.9
Assumptions and Methodologies The carrying value of cash and cash equivalents approximates market value due to the short maturity of these instruments. The fair value of receivables was estimated by discounting expected cash flows using rates of loans with similar maturities at December 31, 2000. The fair value of Amounts Held for Future Distribution was estimated at carrying value for amounts with short-term maturities and at net realizable value for remaining amounts due DCRR. The fair value of Asset Backed Securities was estimated using quoted market prices. 8 9 INDEPENDENT AUDITORS' REPORT The Board of Directors and Member Chrysler Financial Company L.L.C.: We have audited the accompanying statement of assets, liabilities and equity arising from cash transactions of the DaimlerChrysler Auto Trust 2000-D (the "Trust") as of December 31, 2000, and the related statement of cash receipts and disbursements for the period November 1, 2000 (inception) through December 31, 2000. These financial statements are the responsibility of the management of Chrysler Financial Company L.L.C., servicer of the Trust. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As described in Note 1, these financial statements were prepared on the cash receipts and disbursements basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. In our opinion, the financial statements referred to above present fairly, in all material respects, the assets, liabilities and equity arising from cash transactions of the DaimlerChrysler Auto Trust 2000-D as of December 31, 2000, and its cash receipts and disbursements for the period November 1, 2000 (inception) through December 31, 2000 on the basis of accounting described in Note 1. /s/ KPMG LLP Detroit, Michigan March 26, 2001 10 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE There is nothing to report with regard to this item. PART III. ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT There is nothing to report with regard to this item. ITEM 11. EXECUTIVE COMPENSATION There is nothing to report with regard to this item. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT There is nothing to report with regard to this item. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS There is nothing to report with regard to this item. PART IV. ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K (a) The following documents are filed as a part of this report: (1) Financial Statements Financial statements for DaimlerChrysler Auto Trust 2000-D as follows: Statement of Assets, Liabilities and Equity - December 31, 2000 (page 4 of this report) Statement of Cash Receipts and Disbursements for the period November 1, 2000 (inception) through December 31, 2000 (page 5 of this report) Notes to Financial Statements (pages 6, 7, and 8 of this report) Independent Auditors' Report (page 9 of this report) (2) Financial Statement Schedules All financial statement schedules have been omitted because the information to be provided therein is included in the financial statements or the notes thereto. 10 11 ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K - (CONTINUED) 3. Exhibits Exhibit No. 3 Purchase Agreement, dated as of November 1, 2000, between DaimlerChrysler Retail Receivables LLC and Chrysler Financial Company LLC. Filed as Exhibit 3 to DaimlerChrysler Company LLC's Current Report on Form 8-K on November 17, 2000 and incorporated herein by reference. 4.1 Amended and Restated Trust Agreement, dated as of November 1, 2000, among DaimlerChrysler Retail Receivables LLC, Chrysler Financial Company LLC and Chase Manhattan Bank Delaware, as Owner Trustee. Filed as Exhibit 4.1 to DaimlerChrysler Company LLC's Current Report Form 8K dated November 17, 2000 and incorporated herein by reference. 4.2 Indenture, dated as of November 1, 2000, between DaimlerChrysler Auto Trust 2000-D and Bank One, National Association, as Indenture Trustee. Filed as Exhibit 4.2 to DaimlerChrysler Company LLC's Current Report Form 8K dated November 17, 2000 and incorporated herein by reference. 4.3 Sale and Servicing Agreement, dated as of November 1, 2000, between DaimlerChrysler Auto Trust 2000-D and Chrysler Financial Company LLC Filed as Exhibit 4.3 to DaimlerChrysler Company LLC's Current Report Form 8K dated November 17, 2000 and incorporated herein by reference. 99.1 Annual Servicer's Certificate for the year ended December 31, 2000. 99.2 Monthly Servicer Report of the Trust for December 2000 setting forth information as of year ended 2000. (b) The following reports on Form 8-K were filed by the Trust during the period for which this report is filed:
Date of Report Date Filed Item No. Financial Statements ----------------- ---------- -------- -------------------- December 15, 2000 December 15, 2000 5 No
11 12 DAIMLERCHRYSLER AUTO TRUST 2000-D 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. DaimlerChrysler Auto Trust 2000-D (Registrant) By: Chrysler Financial Company L.L.C., as Servicer ------------------------------------------------ Date: March 26, 2001 By: /s/ Norbert Meder ---------------------------------------------------- Norbert Meder, Vice President and Controller Principal Accounting Officer SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT. No annual report or proxy material has been sent to security holders 12 13 DAIMLERCHRYSLER AUTO TRUST 2000-D EXHIBIT INDEX Exhibit Number Description of Exhibit 3 Purchase Agreement, dated as of November 1, 2000, between DaimlerChrysler Retail Receivables LLC and Chrysler Financial Company LLC. Filed as Exhibit 3 to DaimlerChrysler Company LLC's Current Report Form 8-K dated November 17, 2000 and incorporated herein by reference. 4.1 Amended and Restated Trust Agreement, dated as of November 1, 2000, among DaimlerChrysler Retail Receivables LLC, Chrysler Financial Company LLC and Chase Manhattan Bank Delaware, as Owner Trustee. Filed as Exhibit 4.1 to DaimlerChrysler Company LLC's Current Report Form 8K dated November 17, 2000 and incorporated herein by reference. 4.2 Indenture, dated as of November 1, 2000, between DaimlerChrysler Auto Trust 2000-D and Bank One, National Association, as Indenture Trustee. Filed as Exhibit 4.2 to DaimlerChrysler Company LLC's Current Report Form 8K dated November 17, 2000 and incorporated herein by reference. 4.3 Sale and Servicing Agreement, dated as of November 1, 2000, between DaimlerChrysler Auto Trust 2000-D and Chrysler Financial Company LLC Filed as Exhibit 4.3 to DaimlerChrysler Company LLC's Current Report Form 8K dated November 17, 2000 and incorporated herein by reference. 99.1 Annual Servicer's Certificate for the year ended December 31, 2000. 99.2 Monthly Servicer Report for the trust for December 2000 setting forth information as of year-end 2000. E-1 EX-99.1 2 k61136ex99-1.txt ANNUAL SERVICERS' CERTIFICATE AND ACCOUNTANTS' LTR 1 EXHIBIT 99.1 ANNUAL SERVICER'S CERTIFICATE FOR YEAR ENDED DECEMBER 31, 2000 -------------------------------------- CHRYSLER FINANCIAL COMPANY L.L.C. -------------------------------------- The undersigned, duly authorized representatives of Chrysler Financial Company L.L.C. ("CFC"), as Servicer, pursuant to the Sale and Servicing Agreements listed in Exhibit 1 (the "Agreements"), by and among CFC, as Seller and Servicer, and the Issuers listed in Exhibit 1, does hereby certify that: 1. CFC is, as of the date hereof, the Servicer under the Agreements. 2. The undersigned are Servicing Officers and are duly authorized pursuant to the Agreements to execute and deliver this Certificate to the Issuer, the Owner Trustee and to the Trustee. 3. A review of the activities of the Servicer during the calendar year ended December 31, 2000 and of their performance under the Agreements was conducted under our supervision. 4. Based on such review, the Servicer has, to the best of our knowledge, performed in all material respects all of its obligations under the Agreements and no default in the performance of such obligations has occurred or is continuing except as set forth in paragraph 5 below. 5. There were no defaults made by the Servicer in the performance of its obligations under the provisions of the Agreements during the year ended December 31, 2000. Capitalized terms used but not defined herein are used as defined in the applicable Agreement. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 26th day of March 2001. /s/ D. H. Olsen /s/ B. C. Babbish - -------------------------------------- --------------------------------- D. H. Olsen B. C. Babbish Vice President and Assistant Secretary Chief Financial Officer 2 [CHYRSLER FINANCIAL LOGO] MANAGEMENT ASSERTION March 26, 2001 As of and for the year ended December 31, 2000, Chrysler Financial Company L.L.C. has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers, to the extent that such servicing standards are applicable to the servicing obligations pursuant to the Sale and Servicing Agreements, as applicable, included in Exhibit 1. Due to the nature of the above mentioned trusts, minimum servicing standards I2, I4, II1, III2, III3, III4, III6, V2, V3, V4 and VII1 are not applicable and, accordingly, Chrysler Financial Company L.L.C. has not made an attempt to comply with those standards. Chrysler Financial Company L.L.C., as Servicer /s/ Norbert Meder - ----------------------------------------------------- Norbert Meder Vice President and Controller /s/ David L. Nelson - ----------------------------------------------------- David L. Nelson Senior Manger - Structured Finance and Securitization /s/ Robert E. Menzies - ----------------------------------------------------- Robert E. Menzies Assistant Controller - Financial Reporting and Policy 3 EXHIBIT 1
ISSUER SALE AND SERVICING INDENTURE TRUSTEE OWNER TRUSTEE AGREEMENT DATED PREMIER 1996-2 May 1, 1996 The Bank of New York Chase Manhattan Bank Delaware PREMIER 1996-3 June 1, 1996 The Bank of New York Chase Manhattan Bank Delaware PREMIER 1996-4 August 1, 1996 The Bank of New York Chase Manhattan Bank Delaware PREMIER 1997-1 March 1, 1997 Bank One Chase Manhattan Bank Delaware PREMIER 1997-2 August 1, 1997 Bank One Chase Manhattan Bank Delaware PREMIER 1997-3 September 1, 1997 Bank One Chase Manhattan Bank Delaware PREMIER 1998-1 February 1, 1998 The Bank of New York Chase Manhattan Bank Delaware PREMIER 1998-2 March 1, 1998 The Bank of New York Chase Manhattan Bank Delaware PREMIER 1998-3 May 1, 1998 Bank One Chase Manhattan Bank Delaware PREMIER 1998-4 September 1, 1998 Bank One Chase Manhattan Bank Delaware PREMIER 1998-5 October 1, 1998 Bank One Chase Manhattan Bank Delaware PREMIER 1999-1 March 1, 1999 Bank One Chase Manhattan Bank Delaware PREMIER 1999-2 May 1, 1999 Bank One Chase Manhattan Bank Delaware PREMIER 1999-3 June 1, 1999 Bank One Chase Manhattan Bank Delaware DCAT 2000-A February 1, 2000 Bank One, N.A. Chase Manhattan Bank Delaware DCAT 2000-B May 1, 2000 Bank One, N.A. Chase Manhattan Bank Delaware DCAT 2000-C September 1, 2000 Bank One, N.A. Chase Manhattan Bank USA, National Association DCAT 2000-D October 1, 2000 Bank One, N.A. Chase Manhattan Bank USA, National Association DCAT 2000-E December 1, 2000 Bank One, N.A. Chase Manhattan Bank USA, National Association
EX-99.2 3 k61136ex99-2.txt MONTHLY SERVICER'S REPORT TO THE TRUST 1 EXHIBIT 99.2 CHRYSLER FINANCIAL DISTRIBUTION DATE: 08-JAN-01 DAIMLERCHRYSLER AUTO TRUST 2000-D MONTHLY SERVICER'S CERTIFICATE (GW) PAGE 1 of 2
Payment Determination Statement Number 2 Distribution Date 08-Jan-01 DATES COVERED FROM AND INCLUDING TO AND INCLUDING ------------- ------------------ ---------------- Collections Period 01-Dec-00 31-Dec-00 Accrual Period 08-Dec-00 07-Jan-01 30/360 Days 30 Actual/360 Days 31 NUMBER OF COLLATERAL POOL BALANCE DATA ACCOUNTS $ AMOUNT ---------------------------- -------- -------- Pool Balance - Beginning of Period 100,403 1,844,420,379.32 Collections of Installment Principal 26,338,555.51 Collections Attributable to Full Payoffs 11,358,514.78 Principal Amount of Repurchases 0.00 Principal Amount of Gross Losses 773,084.75 --------------------- Pool Balance - End of Period 99,667 1,805,950,224.28 ===================== POOL STATISTICS END OF PERIOD --------------- --------------------- Initial Pool Balance (Pool Balance at the Purchase Date) 1,899,993,837.54 Pool Factor (Pool Balance as a Percent of Initial Pool Balance) 95.05% Ending O/C Amount 91,373,424.42 Coverage Ratio (Ending Pool Balance as a Percent of Ending Securities) 105.33% Cumulative Net Losses 191,405.70 Net Loss Ratio (3 mo. Weighted Avg.) 0.06150% Cumulative Recovery Ratio 76.46% 60+ Days Delinquency Amount 2,149,167.98 Delinquency Ratio (3 mo. Weighted Avg.) 0.05230% Weighted Average APR 8.556% Weighted Average Remaining Term (months) 56.12 Weighted Average Seasoning (months) 4.57
2 CHRYSLER FINANCIAL DISTRIBUTION DATE: 08-JAN-01 DAIMLERCHRYSLER AUTO TRUST 2000-D MONTHLY SERVICER'S CERTIFICATE (GW) PAGE 2 of 2
CASH SOURCES ------------ Collections of Installment Principal 26,338,555.51 Collections Attributable to Full Payoffs 11,358,514.78 Principal Amount of Repurchases 0.00 O/C RELEASE ----------- Recoveries on Loss Accounts 591,091.15 Original O/C Amount 86,157,837.54 Collections of Interest 12,116,086.11 Investment Earnings 20,297.68 Cumulative O/C Release (beginning) 0.00 Reserve Account 4,534,590.00 O/C Release (Prospectus pg S16) 0.00 -------------------- -------------------- TOTAL SOURCES 54,959,135.23 Cumulative O/C Release (ending) 0.00 ==================== ==================== CASH USES --------- Servicer Fee 1,537,016.98 Note Interest 9,480,071.36 Reserve Fund 4,534,590.00 O/C Release to Seller 0.00 Note Principal 39,407,456.89 -------------------- -------------------- TOTAL CASH USES 54,959,135.23 ==================== ADMINISTRATIVE PAYMENT ---------------------- Total Principal and Interest Sources 54,959,135.23 Investment Earnings in Trust Account (20,297.68) Cash Reserve in Trust Account (4,534,590.00) Servicer Fee (withheld) (1,537,016.98) O/C Release to Seller 0.00 -------------------- PAYMENT DUE TO TRUST ACCOUNT 48,867,230.57 ==================== Beginning Ending Principal Principal per Balance Balance Payment $1000 Face -------------------- ---------------------------------------------------------- NOTES & CERTIFICATES -------------------- Class A-1 254,886,000.00 @ 6.699% 195,034,256.75 155,626,799.86 39,407,456.89 154.6081656 Class A-2 550,000,000.00 @ 6.700% 550,000,000.00 550,000,000.00 0.00 0.0000000 Class A-3 600,000,000.00 @ 6.660% 600,000,000.00 600,000,000.00 0.00 0.0000000 Class A-4 350,000,000.00 @ 6.700% 350,000,000.00 350,000,000.00 0.00 0.0000000 Certificates 58,950,000.00 58,950,000.00 0.00 0.0000000 -------------------- --------------------------------------- Total Securities 1,753,984,256.75 1,714,576,799.86 39,407,456.89 ==================== ======================================= Interest Interest per Payment $1000 Face -------------------------------- NOTES & CERTIFICATES -------------------- Class A-1 254,886,000.00 @ 6.699% 1,125,071.36 4.4140179 Class A-2 550,000,000.00 @ 6.700% 3,070,833.33 5.5833333 Class A-3 600,000,000.00 @ 6.660% 3,330,000.00 5.5500000 Class A-4 350,000,000.00 @ 6.700% 1,954,166.67 5.5833333 Certificates 0.00 ---------------- Total Securities 9,480,071.36 ================
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