EX-19 2 0002.txt EXHIBIT 19 Exhibit 19
Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 Activity ---------------------------------------------------------------------------- Principal Receivables FCARC Investor ------------------- ------------------- Beginning Principal Receivables $5,415,840,786.94 $2,510,000,000.00 Current Floating Allocation Pct. 68.33143552% 31.66856448% Total Adj. Principal Collections $2,003,453,760.25 $928,511,220.33 Principal Default Amounts $0.00 $0.00 As a Percentage of Collections 0.00000000% 0.00000000% Monthly Principal Amortized $0.00 Ending Principal Receivables $4,674,701,137.78 $2,510,000,000.00 New Floating Allocation Pct. 65.06465681% 34.93534319% Interest Collections FCARC Investor ------------------- ------------------- Total Interest Collections $49,309,910.77 $22,852,938.43 ------------------------------------------------------------------------------- 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 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 Activity ---------------------------------------------------------------------------- Principal Receivables Trust Total ------------------- Beginning Principal Receivables $7,925,840,786.94 Current Floating Allocation Percentage 100.00000000% Total Adjusted Principal Collections $2,931,964,980.58 Payment Rate 36.99% Principal Collections $2,602,554,681.79 Principal Collection Adjustments $329,387,798.79 Principal Collections for Status Dealer Accounts $22,500.00 Principal Default Amounts $0.00 As a Percentage of Collections 0.00000000% Aggregate New Principal Receivables $2,190,825,331.42 Ending Principal Receivables $7,184,701,137.78 New Floating Allocation Percentage 100.00000000% Interest Collections Trust Total ------------------- Total Interest Collections $72,162,849.20 Interest Collections $72,162,849.20 Interest Collections for Status Dealer Accounts $0.00 Recoveries on Receivables Written Off $0.00 Monthly Yield 10.93% Used Vehicle Principal Receivables Balance $142,694,134.76 1.99% Status Dealer Accounts Trust Total ------------------- Beginning Balance $351,313.59 Principal Collections $22,500.00 Principal Write Offs $0.00 Interest Collections $0.00 Ending Balance $328,813.59 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 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 Activity ---------------------------------------------------------------------------- Current Participation Amount $4,674,701,137.78 Current Participation Percentage 1232.49% Current Participation Shortfall $0.00 Available Seller Collections $2,052,763,671.02 Subordinated Draw Amount $0.00 Reserve Fund Deposit $0.00 Available Seller Collections to FCARC $2,052,763,671.02 Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 Activity ---------------------------------------------------------------------------- Series Allocations 1996-1 ------------------- Certificates $800,000,000.00 Current Floating Allocation Percentage 10.09356637% Total Adjusted Principal collections $295,939,831.18 Principal Default Amounts $0.00 Total Interest Collections $7,283,805.08 Source and Use of Funds 1996-1 ------------------- Investor Interest Funding Account Balance $7,283,805.08 Investment and Net Swap Proceeds ($750,000.00) Reserve Fund Balance $2,800,000.00 Total Investor Collections and Reserve Fund $9,333,805.08 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 $0.00 Asset Composition Premium $0.00 Excess Servicing (Deficiency) Amount $2,200,471.74 Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 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 $14,666,666.68 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 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 Activity ---------------------------------------------------------------------------- Series Allocations 1996-2 ------------------- Certificates $960,000,000.00 Current Floating Allocation Percentage 12.11227964% Total Adjusted Principal collections $355,127,797.42 Principal Default Amounts $0.00 Total Interest Collections $8,740,566.09 Source and Use of Funds 1996-2 ------------------- Investor Interest Funding Account Balance $8,740,566.09 Investment and Net Swap Proceeds $0.00 Reserve Fund Balance $3,360,000.00 Total Investor Collections and Reserve Fund $12,100,566.09 Certificates Outstanding $960,000,000.00 Certificate Rate 6.8894% Days in Interest Period 30 Current Interest Due $5,511,504.00 Net Trust Swap Receipts not req. to be paid $211,504.00 Prior months Swap Receipts payable this month $0.00 Current Interest Paid $5,300,000.00 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% $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 $2,640,566.09 Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 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 $5,300,000.00 Interest Payment Date? N Cum. Net Trust Swap Receipts not req. to be paid $211,504.00 Interest Payment Amount Due $0.00 Interest Payment Amount Paid $0.00 Interest Payment Amount Shortfall $0.00 Distributions to Holders of Certificates 1996-2 (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 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 Activity ---------------------------------------------------------------------------- Series Allocations 1997-1 ------------------- Certificates $750,000,000.00 Current Floating Allocation Percentage 9.46271847% Total Adjusted Principal collections $277,443,591.73 Principal Default Amounts $0.00 Total Interest Collections $6,828,567.26 Source and Use of Funds 1997-1 ------------------- Investor Interest Funding Account Balance $6,828,567.26 Investment and Net Swap Proceeds $0.00 Reserve Fund Balance $2,625,000.00 Total Investor Collections and Reserve Fund $9,453,567.26 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 $2,062,942.26 Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 12/14/00 11:32 AM Investor Reporting System v2.7 Monthly Statement 11/00 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 Amont $0.00 Pool Factor 1.000000000000 Interest Funding Account Balance $8,281,250.00 Interest Payment Date? N Cum. Net Trust Swap Receipts not req. to be paid $328,912.50 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