-----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, BwcN3IiTBaZMsyGnHHhwRM6MFYsx11u+9nmnEQBUDQxfyYLLk8qEYQYtnhMzines 8K4blkZ3QiL7+Kx3j/qaIw== 0000950124-04-000180.txt : 20040123 0000950124-04-000180.hdr.sgml : 20040123 20040123144632 ACCESSION NUMBER: 0000950124-04-000180 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040108 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DAIMLERCHRYSLER AUTO TRUST 2003-B CENTRAL INDEX KEY: 0001271804 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-75942-06 FILM NUMBER: 04540289 BUSINESS ADDRESS: STREET 1: 2777 FRANKLIN RD CITY: SOUTHFIELD STATE: MI ZIP: 48034 8-K 1 k82303e8vk.txt CURRENT REPORT, DATED JANUARY 8, 2004 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 January 8, 2004 ------------------------------------------------------------------------------ Date of Report(Date of earliest event reported) DAIMLERCHRYSLER AUTO TRUST 2003-B ------------------------------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 333-75942-06 74-6523267 - -------- ------------ ---------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 1201 Market Street, Wilmington, Delaware 19801 ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) (302) 428-3375 ---------------------------------------------------------------- (Registrant's telephone number, including area code) Item 5. Other Events On the payment date January 8, 2004, payments were made to the holders of DaimlerChrysler Auto Trust Series 2003-B, Asset Backed Notes. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits Listed below are the financial statements, pro forma financial information and exhibits, if any, filed as a part of this Report: (a) Financial statement of businesses acquired: None (b) Pro forma financial information: None (c) Exhibits: Exhibit 99: Monthly report to holders of the Asset Backed Notes, Series 2003-B, relating to the January 8, 2004 Payment Date. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DaimlerChrysler Auto Trust 2003-B (Registrant) By: DaimlerChrysler Services North America LLC, as Administrator Date: January 23, 2004 By: /s/ Mark L. Davis ------------------------------------------ Mark L. Davis Assistant Controller -3- INDEX TO EXHIBITS Exhibit No. Description 99 Monthly report to holders of the Asset Backed Notes, Series 2003-B, relating to the January 8, 2004 Payment Date. -4- EX-99 3 k82303exv99.txt MONTHLY REPORT TO HOLDERS OF ASSET BACKED NOTES CHRYSLER FINANCIAL DAIMLERCHRYSLER AUTO TRUST 2003-B DISTRIBUTION DATE: 08-JAN-04 MONTHLY SERVICER'S CERTIFICATE (HU) PAGE 1 of 2 - ------------------------------------------------------------------------------- Payment Determination Statement Number 1 Distribution Date 08-Jan-04 DATES COVERED FROM AND INCLUDING TO AND INCLUDING - ------------- ------------------ ---------------- Collections Period 17-Nov-03 31-Dec-03 Accrual Period 04-Dec-03 07-Jan-04 30/360 Days 34 Actual/360 Days 35 NUMBER OF COLLATERAL POOL BALANCE DATA ACCOUNTS $ AMOUNT Pool Balance - Beginning of Period 126,174 2,249,999,451.88 Collections of Installment Principal 58,216,992.43 Collections Attributable to Full Payoffs 29,255,929.14 Principal Amount of Repurchases 0.00 Principal Amount of Gross Losses 247,966.69 ------------------ Pool Balance - End of Period 124,051 2,162,278,563.62 ================== POOL STATISTICS END OF PERIOD ------------------- Initial Pool Balance (Pool Balance at the Purchase Date) 2,249,999,451.88 Pool Factor (Pool Balance as a Percent of Initial Pool Balance) 96.10% Ending O/C Amount 142,988,683.93 Coverage Ratio (Ending Pool Balance as a Percent of Ending Securities) 107.08% Cumulative Net Losses 117,764.04 Net Loss Ratio (3 mo. Weighted Avg.) 0.06340% Cumulative Recovery Ratio 52.51% 60+ Days Delinquency Amount 668,101.06 Delinquency Ratio (3 mo. Weighted Avg.) 0.01770% Weighted Average APR 5.939% Weighted Average Remaining Term (months) 51.42 Weighted Average Seasoning (months) 10.26
CHRYSLER FINANCIAL DAIMLERCHRYSLER AUTO TRUST 2003-B DISTRIBUTION DATE: 08-JAN-04 MONTHLY SERVICER'S CERTIFICATE (HU) PAGE 2 OF 2 - -------------------------------------------------------------------------------- CASH SOURCES Collections of Installment Principal 58,216,992.43 Collections Attributable to Full Payoffs 29,255,929.14 Principal Amount of Repurchases 0.00 Recoveries on Loss Accounts 130,202.65 Collections of Interest 14,998,471.25 Investment Earnings 39,275.75 Reserve Account 5,288,552.97 ------------------- TOTAL SOURCES 107,929,424.19 =================== CASH USES Servicer Fee 2,749,999.33 Note Interest 3,759,562.58 Reserve Fund 5,288,552.97 O/C Release to Seller 0.00 Note Principal 96,131,309.31 ------------------- TOTAL CASH USES 107,929,424.19 =================== ADMINISTRATIVE PAYMENT Total Principal and Interest Sources 107,929,424.19 Investment Earnings in Trust Account (39,275.75 Daily Collections Remitted (91,220,028.45 Cash Reserve in Trust Account (5,288,552.97 Servicer Fee (withheld) (2,749,999.33) O/C Release to Seller 0.00 ------------------- PAYMENT DUE TO/(FROM) TRUST ACCOUNT 8,631,567.69 ===================
O/C RELEASE (Prospectus pg S16) - ------------ Pool Balance 2,162,278,563.62 Yield Supplement O/C Amount (68,366,416.07) ------------------- Adjusted Pool Balance 2,093,912,147.55 Total Securities 2,019,289,879.69 ------------------- Adjusted O/C Amount 74,622,267.86 O/C Release Threshold 78,521,705.53 O/C Release Period? (A1 Notes Matured) No O/C Release 0.00
Beginning Ending Principal Balance Balance Payment ------------------- ------------------------------------ NOTES & CERTIFICATES Class A-1 546,670,000 @ 1.14% 546,670,000.00 450,538,690.69 96,131,309.31 Class A-2 523,000,000 @ 1.61% 523,000,000.00 523,000,000.00 0.00 Class A-3 487,000,000 @ 2.25% 487,000,000.00 487,000,000.00 0.00 Class A-4 490,000,000 @ 2.86% 490,000,000.00 490,000,000.00 0.00 Certificates 68,751,189.00 68,751,189.00 0.00 ------------------- ------------------------------------ Total Securities 2,115,421,189.00 2,019,289,879.69 96,131,309.31 =================== ==================================== Principal per Interest Interest per $1000 Face Payment $1000 Face Original ---------------------------------------------------- NOTES & CERTIFICATES Class A-1 546,670,000 @ 1.14% 175.8488838 605,892.58 1.1083333 546670000 Class A-2 523,000,000 @ 1.61% 0.0000000 795,250.56 1.5205556 523000000 Class A-3 487,000,000 @ 2.25% 0.0000000 1,034,875.00 2.1250000 487000000 Class A-4 490,000,000 @ 2.86% 0.0000000 1,323,544.44 2.7011111 490000000 Certificates 0.0000000 0.00 68751189 -------------- ------------------ Total Securities 3,759,562.58 2,115,421,189.00 ============== ==================
* Class A-1 Interest is computed on an Actual/360 Basis. Days in current period 35 -- -----END PRIVACY-ENHANCED MESSAGE-----