-----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, Ig7ge5tsUMwA4RT0+LEsM5fex9CnyvgD8X9Y3nszgKTO+E53cZHsRhPMN98EwgFu dDJ9ILoFnoV465ZZA0oSWQ== 0000950137-02-001806.txt : 20020415 0000950137-02-001806.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950137-02-001806 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011231 FILED AS OF DATE: 20020329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE SECURITIES CORP RV & MARINE TRUST 2001-RV1 CENTRAL INDEX KEY: 0001143991 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 562088493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-45458-03 FILM NUMBER: 02593426 BUSINESS ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043650569 MAIL ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 10-K 1 c68463e10-k.txt ANNUAL REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2001 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 333-45458-03 ------------ Ace Securities Corp. (as depositor under the Trust Agreement, dated as of June 1, 2001, which forms Ace Securities Corp. RV & Marine Trust 2001-RV1) Ace Securities Corp. RV & Marine Trust 2001-RV1 (Exact Name of Registrant as Specified in its Charter) Delaware N/A - ------------------------------- --------------------------------- (State or Other Jurisdiction of (IRS Employer Identification No.) Incorporation or Organization) 300 East Delaware Avenue Wilmington, Delaware 19801 - ------------------------------- --------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (801) 246-8389 -------------- 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 registrants were 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 the 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. [ ] State the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant: Not applicable -------------- Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of December 31, 2001: Not applicable -------------- DOCUMENTS INCORPORATED BY REFERENCE None. * * * This Annual Report on Form 10-K (the "Report") is filed with respect to Ace Securities Corp. RV & Marine Trust 2001-RV1 (the "Trust"), a trust formed pursuant to a Trust Agreement, dated as of June 1, 2001 (the "Trust Agreement"), between Ace Securities Corp. (referred to herein as the "Company") and U.S. Bank Trust National Association, as owner trustee (the "Owner Trustee"). The only business of the Trust is the collection and distribution of payments on vehicle receivables in the manner described in the Registration Statement on Form S-3 (File No. 333-45458). The Trust issued $311,153,000 in aggregate principal amount of asset-backed notes, Classes A-1, A-2, A-3, A-4, A-5, B, C and D (the "Notes") pursuant to an Indenture, dated as of June 1, 2001 (the "Indenture"), between the Trust and The Chase Manhattan Bank, as indenture trustee (the "Indenture Trustee"). Certain information otherwise required to be included in this Report by the Instructions to Form 10-K has been omitted in reliance on the letter relief granted by the staff of Securities and Exchange Commission to other companies in similar circumstances. 2 PART I ITEM 1. BUSINESS Not applicable. ITEM 2. PROPERTIES Not applicable. ITEM 3. LEGAL PROCEEDINGS There were no material pending legal proceedings relating to the Trust to which any of the Trust, the Indenture Trustee, the Owner Trustee, Wells Fargo Bank, N.A, as Servicer, Wells Fargo Bank Minnesota, N.A., Wells Fargo Bank New Mexico, N.A. or the Company was a party or of which any of their respective properties was the subject during the fiscal year covered by this Report, nor is the Company aware of any such proceedings contemplated by governmental authorities. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS No matter was submitted to a vote of noteholders, and no noteholder consent was solicited during the fiscal year covered by this Report. 3 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS (a) There is no established trading market for the Notes issued by the Trust. (b) As of December 31, 2001, there were less than 300 holders of record of all classes of Notes. ITEM 6. SELECTED FINANCIAL DATA Not applicable. ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Not applicable. ITEM 7. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Not applicable. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Not applicable ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None. 4 PART III ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTS Not applicable. ITEM 11. EXECUTIVE COMPENSATION Not applicable. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT Not applicable. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS Not applicable. 5 PART IV ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K (a) (1) Not applicable. (2) Not applicable. (3) The required exhibits are as follows: EXHIBIT NUMBER DOCUMENT DESCRIPTION ------- -------------------- 3.1 Restated Certificate of Incorporation of Ace Securities Corp.* 4.1(a) Indenture between Ace Securities Corp. RV & Marine Trust 2001-RV1, as issuer, and The Chase Manhattan Bank, as indenture trustee, dated as of June 1, 2001.** 4.2(a) Trust Agreement between Ace Securities Corp., as seller, and U.S. Bank Trust National Association, as owner trustee, dated as of June 1, 2001.** 10.1 Sale and Servicing Agreement among Ace Securities Corp., as seller, Ace Securities Corp. RV & Marine Trust 2001-RV1, as issuer, Wells Fargo Bank, N.A., as servicer, Wells Fargo Bank Northwest, N.A., Wells Fargo Bank New Mexico, N.A. and The Chase Manhattan Bank, as indenture trustee, dated as of June 1, 2001.** 10.2 Purchase Agreement between German American Capital Corporation, as transferor, and Ace Securities Corp., as purchaser, dated as of June 1, 2001.** 10.3 Administration Agreement between Ace Securities Corp. RV & Marine Trust 2001-RV1 and Wells Fargo Bank Minnesota, as administrator, dated as of June 1, 2001.** 99.1 Monthly Servicer's Reports 99.2 Independent Accountant's Report*** 99.3 Management Representation Letter and Assertion*** -------------- * Incorporated herein by reference to Exhibit 3.1 to the Registration Statement on Form S-3 (No. 333-45458) of Ace Securities Corp. ** Incorporated herein by reference to the Current Report on Form 8-K of Ace Securities Corp. RV & Marine Trust 2001-RV1 filed July 18, 2001. *** Such document (i) is not filed herewith since such document was not received by the reporting person at least three business days prior to the due date of this report; and (ii) will be included in an amendment to this report on Form 10-K/A to be filed within 30 days of the reporting person's receipt of such document. (b) None. (c) See paragraph (a)(3) above. (d) Not applicable. 6 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 such annual report, proxy statement, form of proxy or other soliciting material has been sent to noteholders. 7 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) 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. Ace Securities Corp., Ace Securities Corp. RV & Marine Trust 2001-RV1 By: Wells Fargo Bank, N.A., as Servicer+ Date: March 29, 2002 By: Paul Tsang ------------------------------------------- Name: Paul Tsang Title: Vice President - -------- + This Report is being filed by the Servicer on behalf of the Trust. The Trust does not have any officers or directors. 8 INDEX TO EXHIBITS EXHIBIT NUMBER DOCUMENT DESCRIPTION - ------- -------------------- 3.1 Restated Certificate of Incorporation of Ace Securities Corp.* 4.1(a) Indenture between Ace Securities Corp. RV & Marine Trust 2001-RV1, as issuer, and The Chase Manhattan Bank, as indenture trustee, dated as of June 1, 2001.** 4.2(a) Trust Agreement between Ace Securities Corp., as seller, and U.S. Bank Trust National Association, as owner trustee, dated as of June 1, 2001.** 10.1 Sale and Servicing Agreement among Ace Securities Corp., as seller, Ace Securities Corp. RV & Marine Trust 2001-RV1, as issuer, Wells Fargo Bank, N.A., as servicer, Wells Fargo Bank Northwest, N.A., Wells Fargo Bank New Mexico, N.A. and The Chase Manhattan Bank, as indenture trustee, dated as of June 1, 2001.** 10.2 Purchase Agreement between German American Capital Corporation, as transferor, and Ace Securities Corp., as purchaser, dated as of June 1, 2001.** 10.3 Administration Agreement between Ace Securities Corp. RV & Marine Trust 2001-RV1 and Wells Fargo Bank Minnesota, as administrator, dated as of June 1, 2001.** 99.1 Monthly Servicer's Reports 99.2 Independent Accountant's Report 99.3 Management Representation Letter and Assertion - -------------- * Incorporated herein by reference to Exhibit 3.1 to the Registration Statement on Form S-3 (No. 333-45458) of Ace Securities Corp. ** Incorporated herein by reference to the Current Report on Form 8-K of Ace Securities Corp. RV & Marine Trust 2001-RV1 filed July 18, 2001. 9 EX-99.1 3 c68463ex99-1.txt MONTHLY SERVICER'S REPORTS EXHIBIT 99.1 ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
JULY 10 2001 THRU JULY 20 2001 DISTRIBUTION DATE: 07/20/01 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 8,701,875.86 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 136,572.22 0.0000 Class A-2 Amount 47,222.22 0.0000 Class A-3 Amount 67,600.00 0.0000 Class A-4 Amount 28,166.67 0.0000 Class A-5 Amount 62,229.17 0.0000 Class B Amount 27,311.88 0.0000 Class C Amount 11,766.94 0.0000 Class D Amount 6,418.06 0.0000 Class E Amount 4,279.17 0.0000 (iii) Basic Servicing Fee 256,726.71 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 308,072,046.00 (v) Class A-1 Note Balance (end of Collection Period) 113,298,124.14 Class A-1 Pool Factor (end of Collection Period) 0.9286731 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 305,532,124.14 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.00% (x) Remaining Receivables Percentage 97.10%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
JULY 21 2001 THRU AUGUST 20 2001 DISTRIBUTION DATE: 08/20/01 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 8,318,074.21 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 376,471.28 0.0000 Class A-2 Amount 161,666.67 0.0000 Class A-3 Amount 232,266.67 0.0000 Class A-4 Amount 95,833.33 0.0000 Class A-5 Amount 235,226.25 0.0000 Class B Amount 110,304.38 0.0000 Class C Amount 43,965.58 0.0000 Class D Amount 29,189.32 0.0000 Class E Amount 22,337.25 0.0000 (iii) Basic Servicing Fee 232,875.60 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 299,370,170.14 (v) Class A-1 Note Balance (end of Collection Period) 103,228,971.59 Class A-1 Pool Factor (end of Collection Period) 0.8461391 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 295,462,971.59 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.02% (x) Remaining Receivables Percentage 96.56%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
AUGUST 21 2001 THRU SEPTEMBER 20 2001 DISTRIBUTION DATE: 09/20/01 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 8,913,145.04 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 348,397.78 0.0000 Class A-2 Amount 161,666.67 0.0000 Class A-3 Amount 232,266.67 0.0000 Class A-4 Amount 95,833.33 0.0000 Class A-5 Amount 235,226.25 0.0000 Class B Amount 110,304.38 0.0000 Class C Amount 43,965.58 0.0000 Class D Amount 29,189.32 0.0000 Class E Amount 22,337.25 0.0000 (iii) Basic Servicing Fee 226,968.56 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 291,894,019.68 (v) Class A-1 Note Balance (end of Collection Period) 94,315,826.55 Class A-1 Pool Factor (end of Collection Period) 0.7730805 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 286,549,826.55 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.11% (x) Remaining Receivables Percentage 93.38%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
SEPTEMBER 21 2001 THRU OCTOBER 20 2001 DISTRIBUTION DATE: 10/22/01 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 6,345,819.77 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 318,315.91 0.0000 Class A-2 Amount 161,666.67 0.0000 Class A-3 Amount 232,266.67 0.0000 Class A-4 Amount 95,833.33 0.0000 Class A-5 Amount 235,226.25 0.0000 Class B Amount 110,304.38 0.0000 Class C Amount 43,965.58 0.0000 Class D Amount 29,189.32 0.0000 Class E Amount 22,337.25 0.0000 (iii) Basic Servicing Fee 236,347.09 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 283,616,512.27 (v) Class A-1 Note Balance (end of Collection Period) 87,970,006.78 Class A-1 Pool Factor (end of Collection Period) 0.7210656 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 280,204,006.78 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.23% (x) Remaining Receivables Percentage 91.41%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
OCTOBER 21 2001 THRU NOVEMBER 20 2001 DISTRIBUTION DATE: 11/20/01 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 9,036,950.08 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 296,898.77 0.0000 Class A-2 Amount 161,666.67 0.0000 Class A-3 Amount 232,266.67 0.0000 Class A-4 Amount 95,833.33 0.0000 Class A-5 Amount 235,226.25 0.0000 Class B Amount 110,304.38 0.0000 Class C Amount 43,965.58 0.0000 Class D Amount 29,189.32 0.0000 Class E Amount 22,337.25 0.0000 (iii) Basic Servicing Fee 231,374.46 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 277,649,352.46 (v) Class A-1 Note Balance (end of Collection Period) 78,933,056.70 Class A-1 Pool Factor (end of Collection Period) 0.6469923 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 271,167,056.70 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 393.05 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.35% (x) Remaining Receivables Percentage 88.96%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
NOVEMBER 21 2001 THRU DECEMBER 20 2001 DISTRIBUTION DATE: 12/20/01 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 8,142,252.34 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 266,399.07 0.0000 Class A-2 Amount 161,666.67 0.0000 Class A-3 Amount 232,266.67 0.0000 Class A-4 Amount 95,833.33 0.0000 Class A-5 Amount 235,226.25 0.0000 Class B Amount 110,304.38 0.0000 Class C Amount 43,965.58 0.0000 Class D Amount 29,189.32 0.0000 Class E Amount 22,337.25 0.0000 (iii) Basic Servicing Fee 224,210.83 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 269,052,998.22 (v) Class A-1 Note Balance (end of Collection Period) 70,790,804.36 Class A-1 Pool Factor (end of Collection Period) 0.5802525 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 263,024,804.36 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.52% (x) Remaining Receivables Percentage 86.63%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
DECEMBER 21 2002 THRU JANUARY 20 2002 DISTRIBUTION DATE: 01/21/02 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ----------------------- (i) Principal Distribution Class A-1 Amount 7,708,194.20 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 238,918.96 0.0000 Class A-2 Amount 161,666.67 0.0000 Class A-3 Amount 232,266.67 0.0000 Class A-4 Amount 95,833.33 0.0000 Class A-5 Amount 235,226.25 0.0000 Class B Amount 110,304.38 0.0000 Class C Amount 43,965.58 0.0000 Class D Amount 29,189.32 0.0000 Class E Amount 22,337.25 0.0000 (iii) Basic Servicing Fee 217,663.12 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 261,195,749.87 (v) Class A-1 Note Balance (end of Collection Period) 63,082,610.16 Class A-1 Pool Factor (end of Collection Period) 0.5170706 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 255,316,610.16 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.71% (x) Remaining Receivables Percentage 84.56%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
JANUARY 21 2002 THRU FEBRUARY 20 2002 DISTRIBUTION DATE: 02/20/02 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 7,707,098.54 0.0001 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 212,903.81 0.0000 Class A-2 Amount 161,666.67 0.0000 Class A-3 Amount 232,266.67 0.0000 Class A-4 Amount 95,833.33 0.0000 Class A-5 Amount 235,226.25 0.0000 Class B Amount 110,304.38 0.0000 Class C Amount 43,965.58 0.0000 Class D Amount 29,189.32 0.0000 Class E Amount 22,337.25 0.0000 (iii) Basic Servicing Fee 211,369.68 0.0000 (Iv) Aggregate Receivables (end of preceding collection period) 253,643,617.22 (v) Class A-1 Note Balance (end of Collection Period) 55,375,511.62 Class A-1 Pool Factor (end of Collection Period) 0.4538976 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 247,609,511.62 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.84% (x) Remaining Receivables Percentage 82.50%
ACE RV AND MARINE TRUST 2001-RV1 MONTHLY STATEMENT TO NOTEHOLDERS SERVICER: WELLS FARGO BANK, N.A.
FEBRUARY 21 2002 THRU MARCH 20 2002 DISTRIBUTION DATE: 03/20/02 Statement for Class A and Class B Noteholders Pursuant Per $1,000 of Original to Section 4.7 of the Sale and Servicing Agreement Note Amount ---------------------- (i) Principal Distribution Class A-1 Amount 7,924,930.58 64.9584 Class A-2 Amount 0.00 0.0000 Class A-3 Amount 0.00 0.0000 Class A-4 Amount 0.00 0.0000 Class A-5 Amount 0.00 0.0000 Class B Amount 0.00 0.0000 Class C Amount 0.00 0.0000 Class D Amount 0.00 0.0000 Class E Amount 0.00 0.0000 (ii) Interest Distribution Class A-1 Amount 186,892.35 1.5319 Class A-2 Amount 161,666.67 4.0417 Class A-3 Amount 232,266.67 4.4667 Class A-4 Amount 95,833.33 4.7917 Class A-5 Amount 235,226.25 5.2500 Class B Amount 110,304.38 5.5083 Class C Amount 43,965.58 5.7083 Class D Amount 29,189.32 6.3167 Class E Amount 22,337.25 7.2500 (iii) Basic Servicing Fee 205,308.22 0.6664 (Iv) Aggregate Receivables (end of preceding collection period) 246,369,862.79 (v) Class A-1 Note Balance (end of Collection Period) 47,450,581.04 Class A-1 Pool Factor (end of Collection Period) 0.3889392 Class A-2 Note Balance (end of Collection Period) 40,000,000.00 Class A-2 Pool Factor (end of Collection Period) 1.0000000 Class A-3 Note Balance (end of Collection Period) 52,000,000.00 Class A-3 Pool Factor (end of Collection Period) 1.0000000 Class A-4 Note Balance (end of Collection Period) 20,000,000.00 Class A-4 Pool Factor (end of Collection Period) 1.0000000 Class A-5 Note Balance (end of Collection Period) 44,805,000.00 Class A-5 Pool Factor (end of Collection Period) 1.0000000 Class B Note Balance (end of Collection Period) 20,025,000.00 Class B Pool Factor (end of Collection Period) 1.0000000 Class C Note Balance (end of Collection Period) 7,702,000.00 Class C Pool Factor (end of Collection Period) 1.0000000 Class D Note Balance (end of Collection Period) 4,621,000.00 Class D Pool Factor (end of Collection Period) 1.0000000 Class E Note Balance (end of Collection Period) 3,081,000.00 Class E Pool Factor (end of Collection Period) 1.0000000 Total Pool Balance (end of Collection Period) 239,684,581.04 (vi) Noteholders Interest Carryover Shortfall 0.00 (vii) Aggregate Purchase Amount of Receivables Repurchased by the Sellers or purchased by Servicers 0.00 (viii) Reserve Account Balance 1,540,360.23 (ix) Gross Loss Ratio 0.96% (x) Remaining Receivables Percentage 80.21%
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