EX-19 2 0002.txt EXHIBIT 19 Exhibit 19
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 PM Investor Reporting System v2.7 Monthly Statement 10/00 Activity ---------------------------------------------------------------------------- Principal Receivables FCARC Investor ------------------- ------------------- Beginning Principal Receivables $4,848,945,573.11 $2,510,000,000.00 Current Floating Allocation Pct. 65.89185264% 34.10814736% Total Adj. Principal Collections $2,290,793,629.04 $1,185,802,546.59 Principal Default Amounts $0.00 $0.00 As a Percentage of Collections 0.00000000% 0.00000000% Monthly Principal Amortized $0.00 Ending Principal Receivables $5,415,840,786.94 $2,510,000,000.00 New Floating Allocation Pct. 68.33143552% 31.66856448% Interest Collections FCARC Investor ------------------- ------------------- Total Interest Collections $43,348,401.11 $22,438,793.18 -------------------------------------------------------------------------------
------------------------------------------------------------------------------- Early Amortization Triggered? Yes No --- --- 1. Breach of covenants or agreements made in the x PSA and uncured for 45 days 2. Breach of any representation or warranty made x in the PSA and uncured for 60 days 3. Bankruptcy, insolvency or receivership of FMCC, x FCARC, or Ford 4. FCARC is an investment company within the x meaning of the ICA of 1940 5. Failure of FCARC to convey Receivables pursuant x to the PSA 6. Available Subordinated Amount has been reduced x to less than the Required Subordinated Amount 7. Servicer Default has occurred x 8. Average monthly payment rate for past three x periods is less than 20% 9. Used vehicle percentage exceeds 10% for two x collection periods 10. Interest rate swap is terminated in accordance x with its terms 11. Outstanding principal amount of the certificates x is not repaid by the expected payment date
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ---------------------------------------------------------------------------- Principal Receivables Trust Total ------------------- Beginning Principal Receivables $7,358,945,573.11 Current Floating Allocation Percentage 100.00000000% Total Adjusted Principal Collections $3,476,596,175.63 Payment Rate 47.24% Principal Collections $2,975,809,056.81 Principal Collection Adjustments $500,757,920.32 Principal Collections for Status Dealer Accounts $29,198.50 Principal Default Amounts $0.00 As a Percentage of Collections 0.00000000% Aggregate New Principal Receivables $4,043,491,389.46 Ending Principal Receivables $7,925,840,786.94 New Floating Allocation Percentage 100.00000000% Interest Collections Trust Total ------------------- Total Interest Collections $65,787,194.29 Interest Collections $65,787,194.29 Interest Collections for Status Dealer Accounts $0.00 Recoveries on Receivables Written Off $0.00 Monthly Yield 10.73% Used Vehicle Principal Receivables Balance $141,373,557.37 1.78% Status Dealer Accounts Trust Total ------------------- Beginning Balance $380,512.09 Principal Collections $29,198.50 Principal Write Offs $0.00 Interest Collections $0.00 Ending Balance $351,313.59 Subordination and Participation Trust Total ------------------- Incremental Subordinated Amount $0.00 Overconcentration Amount $0.00 Installment Amount $0.00 Other Ineligible Amounts $0.00 Available Subordinated Amount $278,888,888.89 Required Subordinated Amount $278,888,888.89 Required Participation 4.00% $100,400,000.00 Required Participation and Subordinated Amount $379,288,888.89
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ---------------------------------------------------------------------------- Current Participation Amount $5,415,840,786.94 Current Participation Percentage 1427.89% Current Participation Shortfall $0.00 Available Seller Collections $2,334,142,030.15 Subordinated Draw Amount $0.00 Reserve Fund Deposit $0.00 Available Seller Collections to FCARC $2,334,142,030.15
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ---------------------------------------------------------------------------- Series Allocations 1996-1 ------------------- Certificates $800,000,000.00 Current Floating Allocation Percentage 10.87112266% Total Adjusted Principal collections $377,945,034.77 Principal Default Amounts $0.00 Total Interest Collections $7,151,806.59 Source and Use of Funds 1996-1 ------------------- Investor Interest Funding Account Balance $7,151,806.59 Investment and Net Swap Proceeds ($750,000.00) Reserve Fund Balance $2,800,000.00 Total Investor Collections and Reserve Fund $9,201,806.59 Certificates Outstanding $800,000,000.00 Certificate Rate 5.5000% Days in Interest Period 30 Current Interest Due $3,666,666.67 Net Trust Swap Receipts not req. to be paid $0.00 Prior months Swap Receipts payable this month $0.00 Current Interest Paid $3,666,666.67 Current Interest Shortfall $0.00 Additional Interest Due $0.00 Additional Interest Paid $0.00 Additional Interest Shortfall $0.00 Deferred Interest Due $0.00 Deferred Interest Paid $0.00 Deferred Interest Shortfall $0.00 Servicing Fees Due FMCC 1.00% $666,666.67 Servicing Fees Paid $666,666.67 Servicing Fees Shortfall $0.00 Deferred Servicing Fees Due FMCC $0.00 Deferred Servicing Fees Paid $0.00 Deferred Servicing Fees Shortfall $0.00 Reserve Fund Required Amount $2,800,000.00 Reserve Fund Deposit (Draw) Amount $0.00 Current Investor Default Amount Due $0.00 Current Investor Default Amount Paid $0.00 Current Investor Default Amount Shortfall $0.00 Deferred Investor Default Amount Due $0.00 Deferred Investor Default Amount Paid $0.00 Deferred Investor Default Amount Shortfall Asset Composition Premium $0.00 Excess Servicing (Deficiency) Amount $2,068,473.25
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ---------------------------------------------------------------------------- Subordination and Participation 1996-1 ------------------- Incremental Subordinated Amount $0.00 Available Subordinated Amount $88,888,888.89 Required Subordinated Amount $88,888,888.89 Required Participation 4.00% $32,000,000.00 Required Participation and Subordinated Amount $120,888,888.89 Subordinated Draw Amount $0.00 Reserve Fund Deposit $0.00 Reserve Fund Balance $2,800,000.00 Controlled Distribution Amount $0.00 Principal Funding Account Balance $0.00 Excess Funding Account Balance $0.00 Principal Payment Amont $0.00 Pool Factor 1.000000000000 Interest Funding Account Balance $11,000,000.01 Interest Payment Date? N Cum. Net Trust Swap Receipts not req. to be paid $0.00 Interest Payment Amount Due $0.00 Interest Payment Amount Paid $0.00 Interest Payment Amount Shortfall $0.00 Distributions to Holders of Certificates 1996-1 (per $1,000 denomination certificate) ------------------- Total Amount Distributed $0.00000000 Total Amount Allocable to Principal $0.00000000 Total Amount Allocable to Interest $0.00000000
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ----------------------------------------------------------------------------------- Series Allocations 1996-2 ------------------- Certificates $960,000,000.00 Current Floating Allocation Percentage 13.04534720% Total Adjusted Principal collections $453,534,041.72 Principal Default Amounts $0.00 Total Interest Collections $8,582,167.91 Source and Use of Funds 1996-2 ------------------- Investor Interest Funding Account Balance $8,582,167.91 Investment and Net Swap Proceeds $453,866.66 Reserve Fund Balance $3,360,000.00 Total Investor Collections and Reserve Fund $12,396,034.57 Certificates Outstanding $960,000,000.00 Certificate Rate 6.8100% Days in Interest Period 30 Current Interest Due $5,448,000.00 Net Trust Swap Receipts not req. to be paid $0.00 Prior months Swap Receipts payable this month $305,866.66 Current Interest Paid $5,753,866.66 Current Interest Shortfall $0.00 Additional Interest Due $0.00 Additional Interest Paid $0.00 Additional Interest Shortfall $0.00 Deferred Interest Due $0.00 Deferred Interest Paid $0.00 Deferred Interest Shortfall $0.00 Servicing Fees Due FMCC 1.00% $800,000.00 Servicing Fees Paid $800,000.00 Servicing Fees Shortfall $0.00 Deferred Servicing Fees Due FMCC $0.00 Deferred Servicing Fees Paid $0.00 Deferred Servicing Fees Shortfall $0.00 Reserve Fund Required Amount $3,360,000.00 Reserve Fund Deposit (Draw) Amount $0.00 Current Investor Default Amount Due $0.00 Current Investor Default Amount Paid $0.00 Current Investor Default Amount Shortfall $0.00 Deferred Investor Default Amount Due $0.00 Deferred Investor Default Amount Paid $0.00 Deferred Investor Default Amount Shortfall $0.00 Asset Composition Premium $0.00 Excess Servicing (Deficiency) Amount $2,482,167.91
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ----------------------------------------------------------------------------------- Subordination and Participation 1996-2 ------------------- Incremental Subordinated Amount $0.00 Available Subordinated Amount $106,666,666.67 Required Subordinated Amount $106,666,666.67 Required Participation 4.00% $38,400,000.00 Required Participation and Subordinated Amount $145,066,666.67 Subordinated Draw Amount $0.00 Reserve Fund Deposit $0.00 Reserve Fund Balance $3,360,000.00 Controlled Distribution Amount $0.00 Principal Funding Account Balance $0.00 Excess Funding Account Balance $0.00 Principal Payment Amont $0.00 Pool Factor 1.000000000000 Interest Funding Account Balance $16,707,200.00 Interest Payment Date? Y Cum. Net Trust Swap Receipts not req. to be paid $0.00 Interest Payment Amount Due $16,707,200.00 Interest Payment Amount Paid $16,707,200.00 Interest Payment Amount Shortfall $0.00 Distributions to Holders of Certificates 1996-2 (per $1,000 denomination certificate) ------------------- Total Amount Distributed $17.40333333 Total Amount Allocable to Principal $0.00000000 Total Amount Allocable to Interest $17.40333333
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ----------------------------------------------------------------------------------- Series Allocations 1997-1 ------------------- Certificates $750,000,000.00 Current Floating Allocation Percentage 10.19167750% Total Adjusted Principal collections $354,323,470.10 Principal Default Amounts $0.00 Total Interest Collections $6,704,818.68 Source and Use of Funds 1997-1 ------------------- Investor Interest Funding Account Balance $6,704,818.68 Investment and Net Swap Proceeds $0.00 Reserve Fund Balance $2,625,000.00 Total Investor Collections and Reserve Fund $9,329,818.68 Certificates Outstanding $750,000,000.00 Certificate Rate 6.8881% Days in Interest Period 30 Current Interest Due $4,305,081.25 Net Trust Swap Receipts not req. to be paid $164,456.25 Prior months Swap Receipts payable this month $0.00 Current Interest Paid $4,140,625.00 Current Interest Shortfall $0.00 Additional Interest Due $0.00 Additional Interest Paid $0.00 Additional Interest Shortfall $0.00 Deferred Interest Due $0.00 Deferred Interest Paid $0.00 Deferred Interest Shortfall $0.00 Servicing Fees Due FMCC 1.00% $625,000.00 Servicing Fees Paid $625,000.00 Servicing Fees Shortfall $0.00 Deferred Servicing Fees Due FMCC $0.00 Deferred Servicing Fees Paid $0.00 Deferred Servicing Fees Shortfall $0.00 Reserve Fund Required Amount $2,625,000.00 Reserve Fund Deposit (Draw) Amount $0.00 Current Investor Default Amount Due $0.00 Current Investor Default Amount Paid $0.00 Current Investor Default Amount Shortfall $0.00 Deferred Investor Default Amount Due $0.00 Deferred Investor Default Amount Paid $0.00 Deferred Investor Default Amount Shortfall $0.00 Asset Composition Premium $0.00 Excess Servicing (Deficiency) Amount $1,939,193.68
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 11/14/00 01:30 pm Investor Reporting System v2.7 Monthly Statement 10/00 Activity ----------------------------------------------------------------------------------- Subordination and Participation 1997-1 ------------------- Incremental Subordinated Amount $0.00 Available Subordinated Amount $83,333,333.33 Required Subordinated Amount $83,333,333.33 Required Participation 4.00% $30,000,000.00 Required Participation and Subordinated Amount $113,333,333.33 Subordinated Draw Amount $0.00 Reserve Fund Deposit $0.00 Reserve Fund Balance $2,625,000.00 Controlled Distribution Amount $0.00 Principal Funding Account Balance $0.00 Excess Funding Account Balance $0.00 Principal Payment Amount $0.00 Pool Factor 1.000000000000 Interest Funding Account Balance $4,140,625.00 Interest Payment Date? N Cum. Net Trust Swap Receipts not req. to be paid $164,456.25 Interest Payment Amount Due $0.00 Interest Payment Amount Paid $0.00 Interest Payment Amount Shortfall $0.00 Distributions to Holders of Certificates 1997-1 (per $1,000 denomination certificate) ------------------- Total Amount Distributed $0.00000000 Total Amount Allocable to Principal $0.00000000 Total Amount Allocable to Interest $0.00000000