-----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, D7sxnqzrhPB+yxvrlIRpLmxrNy4QKELcpVRHw4Uj1e0ahPygJ199J8vZIZHVgKch QPR22w6Bsnxle9NtYGBblA== 0001125282-04-005076.txt : 20041015 0001125282-04-005076.hdr.sgml : 20041015 20041015142758 ACCESSION NUMBER: 0001125282-04-005076 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041015 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041015 DATE AS OF CHANGE: 20041015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST CENTRAL INDEX KEY: 0001003509 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20787-07 FILM NUMBER: 041080769 BUSINESS ADDRESS: STREET 1: 6985 UNION PARK CENTER CITY: MIDVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 8015655000 MAIL ADDRESS: STREET 1: 4315 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP CENTRAL INDEX KEY: 0000887617 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133632012 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21424 FILM NUMBER: 041080770 BUSINESS ADDRESS: STREET 1: AMERICAN EXPRESS TWR - WORLD FIN'L CNTR STREET 2: 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2126403975 MAIL ADDRESS: STREET 1: AMERICAN EXPRESS TWR STREET 2: WORLD FINANCIAL CTR 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CENTURION BANK CENTRAL INDEX KEY: 0000949348 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 112869526 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20787-01 FILM NUMBER: 041080771 BUSINESS ADDRESS: STREET 1: 6985 UNION PARK CENTER CITY: MIVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 8015655000 MAIL ADDRESS: STREET 1: 4315 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 8-K 1 b401554_8k.txt CURRENT REPORT UNITED STATES 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 Date of Report (Date of earliest event reported) October 15, 2004 American Express Credit Account Master Trust (Issuer in respect of the Class A Series 2000-1 7.20% Asset Backed Certificates, Class B Series 2000-1 7.40% Asset Backed Certificates, Class A Series 2000-2 Floating Rate Asset Backed Certificates, Class B Series 2000-2 Floating Rate Asset Backed Certificates, Class A Series 2000-3 Floating Rate Asset Backed Certificates, Class B Series 2000-3 Floating Rate Asset Backed Certificates, Class A Series 2000-4 Floating Rate Asset Backed Certificates, Class B Series 2000-4 Floating Rate Asset Backed Certificates, Class A Series 2000-5 Floating Rate Asset Backed Certificates, Class B Series 2000-5 Floating Rate Asset Backed Certificates, Class A Series 2001-1 Floating Rate Asset Backed Certificates, Class B Series 2001-1 Floating Rate Asset Backed Certificates, Class A Series 2001-2 5.53% Asset Backed Certificates, Class B Series 2001-2 5.83% Asset Backed Certificates, Class A Series 2001-3 Floating Rate Asset Backed Certificates, Class B Series 2001-3 Floating Rate Asset Backed Certificates, Class A Series 2001-4 Floating Rate Asset Backed Certificates, Class B Series 2001-4 Floating Rate Asset Backed Certificates, Class A Series 2001-5 Floating Rate Asset Backed Certificates, Class B Series 2001-5 Floating Rate Asset Backed Certificates, Class A Series 2001-6 Floating Rate Asset Backed Certificates, Class B Series 2001-6 Floating Rate Asset Backed Certificates, Class A Series 2001-7 Floating Rate Asset Backed Certificates, Class B Series 2001-7 Floating Rate Asset Backed Certificates, Class A Series 2002-1 Floating Rate Asset Backed Certificates, Class B Series 2002-1 Floating Rate Asset Backed Certificates, Class A Series 2002-2 Floating Rate Asset Backed Certificates, Class B Series 2002-2 Floating Rate Asset Backed Certificates, Class A Series 2002-3 Floating Rate Asset Backed Certificates, Class B Series 2002-3 Floating Rate Asset Backed Certificates, Class A Series 2002-4 Floating Rate Asset Backed Certificates, Class B Series 2002-4 Floating Rate Asset Backed Certificates, Class A Series 2002-5 Floating Rate Asset Backed Certificates, Class B Series 2002-5 Floating Rate Asset Backed Certificates, Class A Series 2002-6 Floating Rate Asset Backed Certificates, Class B Series 2002-6 Floating Rate Asset Backed Certificates, Class A Series 2003-1 Floating Rate Asset Backed Certificates, Class B Series 2003-1 Floating Rate Asset Backed Certificates, Class A Series 2003-2 Floating Rate Asset Backed Certificates, Class B Series 2003-2 Floating Rate Asset Backed Certificates, Class A Series 2003-3 Floating Rate Asset Backed Certificates, Class B Series 2003-3 Floating Rate Asset Backed Certificates, Class A Series 2003-4 1.69% Asset Backed Certificates, Class B Series 2003-4 1.90% Asset Backed Certificates, Class A Series 2004-1 Floating Rate Asset Backed Certificates, Class B Series 2004-1 Floating Rate Asset Backed Certificates, Class A Series 2004-2 Floating Rate Asset Backed Certificates, Class B Series 2004-2 Floating Rate Asset Backed Certificates, Class A Series 2004-3 4.35% Asset Backed Certificates, Class B Series 2004-3 4.55% Asset Backed Certificates, Class A Series 2004-4 Floating Rate Asset Backed Certificates, Class B Series 2004-4 Floating Rate Asset Backed Certificates, Class A Series 2004-5 Floating Rate Asset Backed Certificates and Class B Series 2004-5 Floating Rate Asset Backed Certificates.) ---------------------------------------------------------------------- American Express Receivables Financing Corporation II Co-Originator of the Trust and a Transferor ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 000-21424-04 13-3854638 - ----------------------------- -------------- ---------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) 200 Vesey Street, New York, New York 10285 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 640-2357 American Express Receivables Financing Corporation III LLC Co-Originator of the Trust and a Transferor ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 333-113579-02 20-0942395 - ----------------------------- -------------- ---------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) 4315 South 2700 West, Salt Lake City, Utah 84184 - ------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (801) 945-2030 American Express Receivables Financing Corporation IV LLC Co-Originator of the Trust and a Transferor ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 333-113579-01 20-0942445 - ----------------------------- -------------- ---------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) 4315 South 2700 West, Salt Lake City, Utah 84184 - ------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (801) 945-2068 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events Information concerning the American Express Credit Account Master Trust (the "Trust") is contained in the Monthly Servicer's Certificate, dated as of October 11, 2004, for the Distribution Date occurring on October 15, 2004, covering activity from August 26, 2004 through September 25, 2004, and provided to the Bank of New York, as Trustee, under the Pooling and Servicing Agreement, dated as of May 16, 1996, as amended and restated as of April 16, 2004, as amended by the Second Amendment dated as of September 21, 2004 (the "Agreement"). Such Monthly Servicer's Certificate is attached hereto as Exhibit 20 and is incorporated herein by reference. On February 16, 2000, the Trust issued $432,500,000 Class A Series 2000-1 7.20% Asset Backed Certificates and $30,000,000 Class B Series 2000-1 7.40% Asset Backed Certificates (the "Series 2000-1 Class A Certificates" and the "Series 2000-1 Class B Certificates", respectively, and collectively, the "Series 2000-1 Certificates"), offered pursuant to a Prospectus Supplement, dated as of February 8, 2000, to a Prospectus, dated as of February 8, 2000, and issued under the Agreement and the Series 2000-1 Supplement, dated as of February 16, 2000, to the Agreement (the "Series 2000-1 Supplement"). Interest on the Series 2000-1 Certificates accrues from February 16, 2000 and is payable on March 15, 2000, and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-1 Class A Certificates and the Series 2000-1 Class B Certificates is scheduled to be distributed on the February 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-1 Supplement. On February 16, 2000, the Trust issued $412,500,000 Class A Series 2000-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.165% per annum above one month LIBOR, and $40,000,000 Class B Series 2000-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.350% per annum above one month LIBOR (the "Series 2000-2 Class A Certificates" and the "Series 2000-2 Class B Certificates", respectively, and collectively, the "Series 2000-2 Certificates"), offered pursuant to a Prospectus Supplement, dated as of February 8, 2000, to a Prospectus, dated as of February 8, 2000, and issued under the Agreement and the Series 2000-2 Supplement, dated as of February 16, 2000, to the Agreement (the "Series 2000-2 Supplement"). Interest on the Series 2000-2 Certificates accrues from February 16, 2000 and is payable on March 15, 2000 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-2 Class A Certificates and the Series 2000-2 Class B Certificates is scheduled to be distributed on the February 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-2 Supplement. On May 3, 2000, the Trust issued $825,000,000 Class A Series 2000-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.16% per annum above one month LIBOR, and $80,000,000 Class B Series 2000-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.35% per annum above one month LIBOR (the "Series 2000-3 Class A Certificates" and the "Series 2000-3 Class B Certificates", respectively, and collectively, the "Series 2000-3 Certificates"), offered pursuant to a Prospectus Supplement, dated as of April 27, 2000, to a Prospectus, dated as of April 27, 2000, and issued under the Agreement and the Series 2000-3 Supplement, dated as of May 3, 2000, to the Agreement (the "Series 2000-3 Supplement"). Interest on the Series 2000-3 Certificates accrues from May 3, 2000 and is payable on June 15, 2000 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-3 Class A Certificates and the Series 2000-3 Class B Certificates is scheduled to be distributed on the April 15, 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-3 Supplement. On June 22, 2000, the Trust issued $1,000,000,000 Class A Series 2000-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.125% per annum above three-month LIBOR, and $96,970,000 Class B Series 2000-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.350% per annum above three-month LIBOR (the "Series 2000-4 Class A Certificates" and the "Series 2000-4 Class B Certificates", respectively, and collectively, the "Series 2000-4 Certificates"), offered pursuant to a Prospectus Supplement, dated as of June 13, 2000, to a Prospectus, dated as of June 13, 2000, and issued under the Agreement and the Series 2000-4 Supplement, dated as of June 22, 2000, to the Agreement (the "Series 2000-4 Supplement"). Interest on the Series 2000-4 Certificates accrues from June 22, 2000 and is payable on September 15, 2000 and on the fifteenth day of each March, June, September and December - which are the Distribution Dates as described above. Principal with respect to the Series 2000-4 Class A Certificates and the Series 2000-4 Class B Certificates is scheduled to be distributed on the September 15, 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-4 Supplement. On September 15, 2000, the Trust issued $650,000,000 Class A Series 2000-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.140% per annum above one month LIBOR, and $63,030,000 Class B Series 2000-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.380% per annum above one month LIBOR (the "Series 2000-5 Class A Certificates" and the "Series 2000-5 Class B Certificates", respectively, and collectively, the "Series 2000-5 Certificates"), offered pursuant to a Prospectus Supplement, dated as of September 8, 2000, to a Prospectus, dated as of September 8, 2000, and issued under the Agreement and the Series 2000-5 Supplement, dated as of September 15, 2000, to the Agreement (the "Series 2000-5 Supplement"). Interest on the Series 2000-5 Certificates accrues from September 15, 2000 and is payable on October 16, 2000 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2000-5 Class A Certificates and the Series 2000-5 Class B Certificates is scheduled to be distributed on the September 15, 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2000-5 Supplement. On February 23, 2001, the Trust issued $618,750,000 Class A Series 2001-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.14% per annum above one month LIBOR, and $60,000,000 Class B Series 2001-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.42% per annum above one month LIBOR (the "Series 2001-1 Class A Certificates" and the "Series 2001-1 Class B Certificates", respectively, and collectively, the "Series 2001-1 Certificates"), offered pursuant to a Prospectus Supplement, dated as of February 13, 2001, to a Prospectus, dated as of February 13, 2001, and issued under the Agreement and the Series 2001-1 Supplement, dated as of February 16, 2001, to the Agreement (the "Series 2001-1 Supplement"). Interest on the Series 2001-1 Certificates accrues from February 23, 2001 and is payable on April 16, 2001 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2001-1 Class A Certificates and the Series 2001-1 Class B Certificates is scheduled to be distributed on the February 16, 2006 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2001-1 Supplement. On March 23, 2001, the Trust issued $216,250,000 Class A Series 2001-2 5.53% Asset Backed Certificates and $15,000,000 Class B Series 2001-2 5.83% Asset Backed Certificates (the "Series 2001-2 Class A Certificates" and the "Series 2001-2 Class B Certificates", respectively, and collectively, the "Series 2001-2 Certificates"), offered pursuant to a Prospectus Supplement, dated as of March 15, 2001, to a Prospectus, dated as of March 15, 2001, and issued under the Agreement and the Series 2001-2 Supplement, dated as of March 23, 2001, to the Agreement (the "Series 2001-2 Supplement"). Interest on the Series 2001-2 Certificates accrues from March 23, 2001 and is payable on April 16, 2001 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2001-2 Class A Certificates and the Series 2001-2 Class B Certificates is scheduled to be distributed on the March 15, 2006 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2001-2 Supplement. On April 3, 2001, the Trust issued $618,750,000 Class A Series 2001-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.13% per annum above one month LIBOR, and $60,000,000 Class B Series 2001-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.38% per annum above one month LIBOR (the "Series 2001-3 Class A Certificates" and the "Series 2001-3 Class B Certificates", respectively, and collectively, the "Series 2001-3 Certificates"), offered pursuant to a Prospectus Supplement, dated as of March 15, 2001, to a Prospectus, dated as of March 15, 2001, and issued under the Agreement and the Series 2001-3 Supplement, dated as of April 3, 2001, to the Agreement (the "Series 2001-3 Supplement"). Interest on the Series 2001-3 Certificates accrues from April 3, 2001 and is payable on May 15, 2001 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2001-3 Class A Certificates and the Series 2001-3 Class B Certificates is scheduled to be distributed on the March 15, 2006 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2001-3 Supplement. On April 19, 2001, the Trust issued $598,125,000 Class A Series 2001-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.13% per annum above one month LIBOR, and $58,000,000 Class B Series 2001-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.38% per annum above one month LIBOR (the "Series 2001-4 Class A Certificates" and the "Series 2001-4 Class B Certificates", respectively, and collectively, the "Series 2001-4 Certificates"), offered pursuant to a Prospectus Supplement, dated as of April 12, 2001, to a Prospectus, dated as of April 12, 2001, and issued under the Agreement and the Series 2001-4 Supplement, dated as of April 19, 2001, to the Agreement (the "Series 2001-4 Supplement"). Interest on the Series 2001-4 Certificates accrues from April 19, 2001 and is payable on May 15, 2001 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2001-4 Class A Certificates and the Series 2001-4 Class B Certificates is scheduled to be distributed on the April 17, 2006 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2001-4 Supplement. On May 9, 2001, the Trust issued $412,500,000 Class A Series 2001-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.18% per annum above one month LIBOR, and $40,000,000 Class B Series 2001-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.45% per annum above one month LIBOR (the "Series 2001-5 Class A Certificates" and the "Series 2001-5 Class B Certificates", respectively, and collectively, the "Series 2001-5 Certificates"), offered pursuant to a Prospectus Supplement, dated as of May 3, 2001, to a Prospectus, dated as of May 3, 2001, and issued under the Agreement and the Series 2001-5 Supplement, dated as of May 9, 2001, to the Agreement (the "Series 2001-5 Supplement"). Interest on the Series 2001-5 Certificates accrues from May 9, 2001 and is payable on June 15, 2001 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2001-5 Class A Certificates and the Series 2001-5 Class B Certificates is scheduled to be distributed on the April 15, 2008 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2001-5 Supplement. On June 12, 2001, the Trust issued $577,500,000 Class A Series 2001-6 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.12% per annum above one month LIBOR, and $56,000,000 Class B Series 2001-6 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.35% per annum above one month LIBOR (the "Series 2001-6 Class A Certificates" and the "Series 2001-6 Class B Certificates", respectively, and collectively, the "Series 2001-6 Certificates"), offered pursuant to a Prospectus Supplement, dated as of June 6, 2001, to a Prospectus, dated as of June 6, 2001, and issued under the Agreement and the Series 2001-6 Supplement, dated as of June 12, 2001, to the Agreement (the "Series 2001-6 Supplement"). Interest on the Series 2001-6 Certificates accrues from June 12, 2001 and is payable on July 16, 2001 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2001-6 Class A Certificates and the Series 2001-6 Class B Certificates is scheduled to be distributed on the May 15, 2006 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2001-6 Supplement. On August 21, 2001, the Trust issued $536,250,000 Class A Series 2001-7 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.12% per annum above one month LIBOR, and $52,000,000 Class B Series 2001-7 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.36% per annum above one month LIBOR (the "Series 2001-7 Class A Certificates" and the "Series 2001-7 Class B Certificates", respectively, and collectively, the "Series 2001-7 Certificates"), offered pursuant to a Prospectus Supplement, dated as of August 15, 2001, to a Prospectus, dated as of August 15, 2001, and issued under the Agreement and the Series 2001-7 Supplement, dated as of August 21, 2001, to the Agreement (the "Series 2001-7 Supplement"). Interest on the Series 2001-7 Certificates accrues from August 21, 2001 and is payable on September 17, 2001 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2001-7 Class A Certificates and the Series 2001-7 Class B Certificates is scheduled to be distributed on the July 17, 2006 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2001-7 Supplement. On February 21, 2002, the Trust issued $759,000,000 Class A Series 2002-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.11% per annum above one month LIBOR, and $73,600,000 Class B Series 2002-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.40% per annum above one month LIBOR (the "Series 2002-1 Class A Certificates" and the "Series 2002-1 Class B Certificates", respectively, and collectively, the "Series 2002-1 Certificates"), offered pursuant to a Prospectus Supplement, dated as of February 13, 2002, to a Prospectus, dated as of February 13, 2002, and issued under the Agreement and the Series 2002-1 Supplement, dated as of February 21, 2002, to the Agreement (the "Series 2002-1 Supplement"). Interest on the Series 2002-1 Certificates accrues from February 21, 2002 and is payable on March 15, 2002 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2002-1 Class A Certificates and the Series 2002-1 Class B Certificates is scheduled to be distributed on the February 15, 2007 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2002-1 Supplement. On April 25, 2002, the Trust issued $775,500,000 Class A Series 2002-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.11% per annum above one month LIBOR, and $75,200,000 Class B Series 2002-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.39% per annum above one month LIBOR (the "Series 2002-2 Class A Certificates" and the "Series 2002-2 Class B Certificates", respectively, and collectively, the "Series 2002-2 Certificates"), offered pursuant to a Prospectus Supplement, dated as of April 18, 2002, to a Prospectus, dated as of April 18, 2002, and issued under the Agreement and the Series 2002-2 Supplement, dated as of April 25, 2002, to the Agreement (the "Series 2002-2 Supplement"). Interest on the Series 2002-2 Certificates accrues from April 25, 2002 and is payable on May 15, 2002 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2002-2 Class A Certificates and the Series 2002-2 Class B Certificates is scheduled to be distributed on the April 16, 2007 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2002-2 Supplement. On May 16, 2002, the Trust issued $759,000,000 Class A Series 2002-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.11% per annum above one month LIBOR, and $73,600,000 Class B Series 2002-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.38% per annum above one month LIBOR (the "Series 2002-3 Class A Certificates" and the "Series 2002-3 Class B Certificates", respectively, and collectively, the "Series 2002-3 Certificates"), offered pursuant to a Prospectus Supplement, dated as of May 13, 2002, to a Prospectus, dated as of May 13, 2002, and issued under the Agreement and the Series 2002-3 Supplement, dated as of May 16, 2002, to the Agreement (the "Series 2002-3 Supplement"). Interest on the Series 2002-3 Certificates accrues from May 16, 2002 and is payable on June 17, 2002 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2002-3 Class A Certificates and the Series 2002-3 Class B Certificates is scheduled to be distributed on the May 15, 2007 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2002-3 Supplement. On July 17, 2002, the Trust issued $412,500,000 Class A Series 2002-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.04% per annum above one month LIBOR, and $40,000,000 Class B Series 2002-4 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.31% per annum above one month LIBOR (the "Series 2002-4 Class A Certificates" and the "Series 2002-4 Class B Certificates", respectively, and collectively, the "Series 2002-4 Certificates"), offered pursuant to a Prospectus Supplement, dated as of July 10, 2002, to a Prospectus, dated as of July 10, 2002, and issued under the Agreement and the Series 2002-4 Supplement, dated as of July 17, 2002, to the Agreement (the "Series 2002-4 Supplement"). Interest on the Series 2002-4 Certificates accrues from July 17, 2002 and is payable on August 15, 2002 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2002-4 Class A Certificates and the Series 2002-4 Class B Certificates is scheduled to be distributed on the July 15, 2005 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2002-4 Supplement. On July 17, 2002, the Trust issued $495,000,000 Class A Series 2002-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.17% per annum above one month LIBOR, and $48,000,000 Class B Series 2002-5 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.45% per annum above one month LIBOR (the "Series 2002-5 Class A Certificates" and the "Series 2002-5 Class B Certificates", respectively, and collectively, the "Series 2002-5 Certificates"), offered pursuant to a Prospectus Supplement, dated as of July 10, 2002, to a Prospectus, dated as of July 10, 2002, and issued under the Agreement and the Series 2002-5 Supplement, dated as of July 17, 2002, to the Agreement (the "Series 2002-5 Supplement"). Interest on the Series 2002-5 Certificates accrues from July 17, 2002 and is payable on August 15, 2002 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2002-5 Class A Certificates and the Series 2002-5 Class B Certificates is scheduled to be distributed on the July 15, 2009 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2002-5 Supplement. On August 15, 2002, the Trust issued $594,000,000 Class A Series 2002-6 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.14% per annum above one month LIBOR, and $57,600,000 Class B Series 2002-6 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.45% per annum above one month LIBOR (the "Series 2002-6 Class A Certificates" and the "Series 2002-6 Class B Certificates", respectively, and collectively, the "Series 2002-6 Certificates"), offered pursuant to a Prospectus Supplement, dated as of August 8, 2002, to a Prospectus, dated as of August 8, 2002, and issued under the Agreement and the Series 2002-6 Supplement, dated as of August 15, 2002, to the Agreement (the "Series 2002-6 Supplement"). Interest on the Series 2002-6 Certificates accrues from August 15, 2002 and is payable on September 16, 2002 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2002-6 Class A Certificates and the Series 2002-6 Class B Certificates is scheduled to be distributed on the August 15, 2007 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2002-6 Supplement. On February 20, 2003, the Trust issued $759,000,000 Class A Series 2003-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.11% per annum above one month LIBOR, and $73,600,000 Class B Series 2003-1 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.40% per annum above one month LIBOR (the "Series 2003-1 Class A Certificates" and the "Series 2003-1 Class B Certificates", respectively, and collectively, the "Series 2003-1 Certificates"), offered pursuant to a Prospectus Supplement, dated as of February 13, 2003, to a Prospectus, dated as of February 13, 2003, and issued under the Agreement and the Series 2003-1 Supplement, dated as of February 20, 2003 to the Agreement (the "Series 2003-1 Supplement"). Interest on the Series 2003-1 Certificates accrues from February 20, 2003 and is payable on March 17, 2003 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2003-1 Class A Certificates and the Series 2003-1 Class B Certificates is scheduled to be distributed on the February 15, 2008 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2003-1 Supplement. On April 2, 2003, the Trust issued $907,500,000 Class A Series 2003-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.11% per annum above one month LIBOR, and $88,000,000 Class B Series 2003-2 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.37% per annum above one month LIBOR (the "Series 2003-2 Class A Certificates" and the "Series 2003-2 Class B Certificates", respectively, and collectively, the "Series 2003-2 Certificates"), offered pursuant to a Prospectus Supplement, dated as of March 26, 2003, to a Prospectus, dated as of March 26, 2003, and issued under the Agreement and the Series 2003-2 Supplement, dated as of April 2, 2003 to the Agreement (the "Series 2003-2 Supplement"). Interest on the Series 2003-2 Certificates accrues from April 2, 2003 and is payable on May 15, 2003 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2003-2 Class A Certificates and the Series 2003-2 Class B Certificates is scheduled to be distributed on the March 17, 2008 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2003-2 Supplement. On May 7, 2003, the Trust issued $618,750,000 Class A Series 2003-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.11% per annum above one month LIBOR, and $60,000,000 Class B Series 2003-3 Floating Rate Asset Backed Certificates, bearing a certificate rate of 0.35% per annum above one month LIBOR (the "Series 2003-3 Class A Certificates" and the "Series 2003-3 Class B Certificates", respectively, and collectively, the "Series 2003-3 Certificates"), offered pursuant to a Prospectus Supplement, dated as of May 1, 2003, to a Prospectus, dated as of May 1, 2003, and issued under the Agreement and the Series 2003-3 Supplement, dated as of May 7, 2003 to the Agreement (the "Series 2003-3 Supplement"). Interest on the Series 2003-3 Certificates accrues from May 7, 2003 and is payable on June 16, 2003 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2003-3 Class A Certificates and the Series 2003-3 Class B Certificates is scheduled to be distributed on the April 15, 2008 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2003-3 Supplement. On June 18, 2003, the Trust issued $588,200,000 Class A Series 2003-4 1.69% Asset Backed Certificates, and $40,800,000 Class B Series 2003-4 1.90% Asset Backed Certificates, (the "Series 2003-4 Class A Certificates" and the "Series 2003-4 Class B Certificates", respectively, and collectively, the "Series 2003-4 Certificates"), offered pursuant to a Prospectus Supplement, dated as of June 12, 2003, to a Prospectus, dated as of June 12, 2003, and issued under the Agreement and the Series 2003-4 Supplement, dated as of June 18, 2003 to the Agreement (the "Series 2003-4 Supplement"). Interest on the Series 2003-4 Certificates accrues from June 18, 2003 and is payable on July 15, 2003 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2003-4 Class A Certificates and the Series 2003-4 Class B Certificates is scheduled to be distributed on the June 15, 2006 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2003-4 Supplement. On March 1, 2004, the Trust issued $668,000,000 Class A Series 2004-1 Floating Rate Asset Backed Certificates, and $60,000,000 Class B Series 2004-1 Floating Rate Asset Backed Certificates, (the "Series 2004-1 Class A Certificates" and the "Series 2004-1 Class B Certificates", respectively, and collectively, the "Series 2004-1 Certificates"), offered pursuant to a Prospectus Supplement, dated as of February 17, 2004, to a Prospectus, dated as of February 17, 2004, and issued under the Agreement and the Series 2004-1 Supplement, dated as of March 1, 2004 to the Agreement (the "Series 2004-1 Supplement"). Interest on the Series 2004-1 Certificates accrues from March 1, 2004 and is payable on April 15, 2004 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2004-1 Class A Certificates and the Series 2004-1 Class B Certificates is scheduled to be distributed on the February 17, 2009 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2004-1 Supplement. On June 2, 2004, the Trust issued $334,000,000 Class A Series 2004-2 Floating Rate Asset Backed Certificates, and $30,000,000 Class B Series 2004-2 Floating Rate Asset Backed Certificates, (the "Series 2004-2 Class A Certificates" and the "Series 2004-2 Class B Certificates", respectively, and collectively, the "Series 2004-2 Certificates"), offered pursuant to a Prospectus Supplement, dated as of May 17, 2004, to a Prospectus, dated as of May 17, 2004, and issued under the Agreement and the Series 2004-2 Supplement, dated as of June 2, 2004 to the Agreement (the "Series 2004-2 Supplement"). Interest on the Series 2004-2 Certificates accrues from June 2, 2004 and is payable on July 15, 2004 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2004-2 Class A Certificates and the Series 2004-2 Class B Certificates is scheduled to be distributed on the May 15, 2014 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2004-2 Supplement. On June 2, 2004, the Trust issued $522,000,000 Class A Series 2004-3 4.35% Asset Backed Certificates, and $30,000,000 Class B Series 2004-3 4.55% Asset Backed Certificates, (the "Series 2004-3 Class A Certificates" and the "Series 2004-3 Class B Certificates", respectively, and collectively, the "Series 2004-3 Certificates"), offered pursuant to a Prospectus Supplement, dated as of May 17, 2004, to a Prospectus, dated as of May 17, 2004, and issued under the Agreement and the Series 2004-3 Supplement, dated as of June 2, 2004 to the Agreement (the "Series 2004-3 Supplement"). Interest on the Series 2004-3 Certificates accrues from June 2, 2004 and is payable on July 15, 2004 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2004-3 Class A Certificates and the Series 2004-3 Class B Certificates is scheduled to be distributed on the May 15, 2009 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2004-3 Supplement. On August 17, 2004, the Trust issued $918,500,000 Class A Series 2004-4 Floating Rate Asset Backed Certificastes, and $82,500,000 Class B Series 2004-4 Floating Rate Asset Backed Certificates, (the "Series 2004-4 Class A Certificates" and the "Series 2004-4 Class B Certificates", respectively and collectively, the "Series 2004-4 Certificates"), offered pursuant to a Prospectus Supplement, dated as of August 9, 2004, to a Prospectus, dated as of August 9, 2004, and issued under the Agreement and the Series 2004-4 Supplement, dated as of August 17, 2004 to the Agreement (the "Series 2004-4 Supplement"). Interest on the Series 2004-4 Certificates accrues from August 17, 2004 and is payable on September 15, 2004 and on the fifteenth day of each month thereafter - - which is the Distribution Date as described above. Principal with respect to the Series 2004-4 Class A Certificates and the Series 2004-4 Class B Certificates is scheduled to be distributed on the August 17, 2009 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2004-4 Supplement. On September 23, 2004, the Trust issued $835,000,000 Class A Series 2004-5 Floating Rate Asset Backed Certificates, and $75,000,000 Class B Series 2004-5 Floating Rate Asset Backed Certificates, (the "Series 2004-5 Class A Certificates" and the "Series 2004-5 Class B Certificates", respectively and collectively, the "Series 2004-5 Certificates"), offered pursuant to a Prospectus Supplement, dated as of September 15, 2004, to a Prospectus, dated as of September 15, 2004, and issued under the Agreement and the Series 2004-5 Supplement, dated as of September 23, 2004 to the Agreement (the "Series 2004-5 Supplement"). Interest on the Series 2004-5 Certificates accrues from September 23, 2004 and is payable on October 15, 2004 and on the fifteenth day of each month thereafter - which is the Distribution Date as described above. Principal with respect to the Series 2004-5 Class A Certificates and the Series 2004-5 Class B Certificates is scheduled to be distributed on the September 15, 2009 Distribution Date, but may be paid earlier or later under certain limited circumstances as provided in the Agreement and Series 2004-5 Supplement. Item 9.01. Financial Statements and Exhibits (a) Not applicable. (b) Not applicable. (c) Exhibit: 20 Series' 2000-1, 2000-2, 2000-3, 2000-4, 2000-5, 2001-1, 2001-2, 2001-3, 2001-4, 2001-5, 2001-6, 2001-7, 2002-1, 2002-2, 2002-3, 2002-4, 2002-5, 2002-6, 2003-1, 2003-2, 2003-3, 2003-4, 2004-1, 2004-2, 2004-3, 2004-4 and 2004-5 Monthly Servicer's Certificate, dated October 11, 2004, for the October 15, 2004 Distribution Date. 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 on the date indicated. Dated: October 15, 2004 American Express Receivables Financing Corporation II, as Originator of the Trust and Co-Registrant and as Transferor on behalf of the Trust as Co-Registrant By: /s/ David L. Yowan ------------------------------------- Name: David L. Yowan Title: President American Express Receivables Financing Corporation III LLC, as Originator of the Trust and Co-Registrant and as Transferor on behalf of the Trust as Co-Registrant By: /s/ Traci L. Memmott ------------------------------------- Name: Traci L. Memmott Title: Vice President and Treasurer American Express Receivables Financing Corporation IV LLC, as Originator of the Trust and Co-Registrant and as Transferor on behalf of the Trust as Co-Registrant By: /s/ Rob Radle ------------------------------------- Name: Rob Radle Title: President EXHIBIT INDEX ------------- Designation Description - ----------- ----------- Exhibit 20 Series' 2000-1, 2000-2, 2003-1, 2000-4, 2000-5, 2001-1, 2001-2, 2001-3, 2001-4, 2001-5, 2001-6, 2001-7, 2002-1, 2002-2, 2002-3, 2002-4, 2002-5, 2002-6, 2003-1, 2003-2, 2003-3, 2003-4, 2004-1, 2004-2, 2004-3, 2004-4 and 2004-5 Monthly Servicer's Certificate, dated October 11, 2004, for the October 15, 2004 Distribution Date. EX-20 2 b401554ex_20.txt MONTHLY SERVICER'S CERTIFICATE Exhibit 20 MONTHLY SERVICER'S CERTIFICATE AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. ------------------------------------------------- AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST -------------------------------------------------- The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc., as Servicer ("TRS"), pursuant to the Pooling and Servicing Agreement, dated as of May 16, 1996 (as amended and supplemented, the "Agreement"), as supplemented by the Series Supplements (as amended and supplemented, the "Series Supplements"), among TRS, as Servicer, American Express Receivables Financing Corporation II, American Express Receivables Financing Corporation III LLC and American Express Receivables Financing Corporation IV LLC, as Transferors, and The Bank of New York, as Trustee, does hereby certify as follows: 1. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or the Series Supplements, as applicable. 2. TRS is, as of the date hereof, the Servicer under the Agreement. 3. The undersigned is a Servicing Officer. 4. This Certificate relates to the Distribution Date occurring on October 15, 2004 and covers activity from August 26, 2004 through September 25, 2004. 5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the Agreement through the Monthly Period preceding such Distribution Date. 6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution date. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 11th day of October, 2004. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer By: /s/ Michael McFerran --------------------------- Name: Michael McFerran Title: Vice President Securitization Operations & Accounting I. Monthly Period Trust Activity - ------------------------------------------------------------------------------- A. Trust Activity Trust Totals - ----------------- ------------ Number of days in period 31 Beginning Principal Receivable Balance 23,460,585,858.10 Special Funding Account Balance 0.00 Beginning Total Principal Balance 23,460,585,858.10 Finance Charge Collections (excluding 351,012,694.51 Recoveries) Recoveries 18,302,048.14 Total Collections of Finance Charge Receivables 369,314,742.65 Total Collections of Principal Receivables 5,543,528,226.54 Monthly Payment Rate 22.8669% Defaulted amount 94,151,658.40 Annualized Default Rate 4.7569% Trust Portfolio Yield 13.8096% New Principal Receivables 5,481,142,087.17 Ending Principal Receivables Balance 23,304,048,060.33 Ending Required Minimum Principal Balance 21,694,250,000.00 Ending Transferor Amount 3,029,048,060.33 Ending Special Funding Account Balance 0.00 Ending Total Principal Balance 23,304,048,060.33 - 02 -
B. Series Allocations Series 2000-1 Series 2000-2 Series 2000-3 Series 2000-4 - --------------------- ------------- ------------- ------------- ------------- Group Number 1 2 2 2 Invested Amount 500,000,000.00 500,000,000.00 1,000,000,000.00 1,212,122,000.00 Adjusted Invested Amount 500,000,000.00 500,000,000.00 1,000,000,000.00 1,212,122,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 Series Required Transferor Amount 35,000,000.00 35,000,000.00 70,000,000.00 84,848,540.00 Series Allocation Percentage 2.47% 2.47% 4.93% 5.98% Series Alloc. Finance Charge Collections 9,107,638.54 9,107,638.54 18,215,277.07 22,079,138.08 Series Allocable Recoveries 451,345.21 451,345.21 902,690.41 1,094,170.91 Series Alloc. Principal Collections 136,708,464.28 136,708,464.28 273,416,928.56 331,414,674.28 Series Allocable Defaulted Amount 2,321,865.81 2,321,865.81 4,643,731.61 5,628,769.25 B. Series Allocations Series 2000-5 Series 2001-1 Series 2001-2 Series 2001-3 Series 2001-4 - --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 1 2 2 Invested Amount 787,878,000.00 750,000,000.00 250,000,000.00 750,000,000.00 725,000,000.00 Adjusted Invested Amount 787,878,000.00 750,000,000.00 250,000,000.00 750,000,000.00 725,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 55,151,460.00 52,500,000.00 17,500,000.00 52,500,000.00 50,750,000.00 Series Allocation Percentage 3.89% 3.70% 1.23% 3.70% 3.58% Series Alloc. Finance Charge Collections 14,351,416.07 13,661,457.80 4,553,819.27 13,661,457.80 13,206,075.88 Series Allocable Recoveries 711,209.92 677,017.81 225,672.60 677,017.81 654,450.55 Series Alloc. Principal Collections 215,419,182.84 205,062,696.42 68,354,232.14 205,062,696.42 198,227,273.21 Series Allocable Defaulted Amount 3,658,693.97 3,482,798.71 1,160,932.90 3,482,798.71 3,366,705.42 B. Series Allocations Series 2001-5 Series 2001-6 Series 2001-7 Series 2002-1 Series 2002-2 - --------------------- ------------- ------------- ------------ ------------- ------------- Group Number 2 2 2 2 2 Invested Amount 500,000,000.00 700,000,000.00 650,000,000.00 920,000,000.00 940,000,000.00 Adjusted Invested Amount 500,000,000.00 700,000,000.00 650,000,000.00 920,000,000.00 940,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 35,000,000.00 49,000,000.00 45,500,000.00 64,400,000.00 65,800,000.00 Series Allocation Percentage 2.47% 3.45% 3.21% 4.54% 4.64% Series Alloc. Finance Charge Collections 9,107,638.54 12,750,693.95 11,839,930.10 16,758,054.91 17,122,360.45 Series Allocable Recoveries 451,345.21 631,883.29 586,748.77 830,475.18 848,528.99 Series Alloc. Principal Collections 136,708,464.28 191,391,849.99 177,721,003.56 251,543,574.27 257,011,912.85 Series Allocable Defaulted Amount 2,321,865.81 3,250,612.13 3,018,425.55 4,272,233.08 4,365,107.71 B. Series Allocations Series 2002-3 Series 2002-4 Series 2002-5 Series 2002-6 Series 2003-1 - --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 2 2 2 Invested Amount 920,000,000.00 500,000,000.00 600,000,000.00 720,000,000.00 920,000,000.00 Adjusted Invested Amount 920,000,000.00 500,000,000.00 600,000,000.00 720,000,000.00 920,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 64,400,000.00 35,000,000.00 42,000,000.00 50,400,000.00 64,400,000.00 Series Allocation Percentage 4.54% 2.47% 2.96% 3.55% 4.54% Series Alloc. Finance Charge Collections 16,758,054.91 9,107,638.54 10,929,166.24 13,114,999.49 16,758,054.91 Series Allocable Recoveries 830,475.18 451,345.21 541,614.25 649,937.10 830,475.18 Series Alloc. Principal Collections 251,543,574.27 136,708,464.28 164,050,157.14 196,860,188.56 251,543,574.27 Series Allocable Defaulted Amount 4,272,233.08 2,321,865.81 2,786,238.97 3,343,486.76 4,272,233.08 B. Series Allocations Series 2003-2 Series 2003-3 Series 2003-4 Series 2004-1 Series 2004-2 - --------------------- ------------- ------------- ------------- ------------- ------------- Group Number 2 2 1 2 2 Invested Amount 1,100,000,000.00 750,000,000.00 680,000,000.00 800,000,000.00 400,000,000.00 Adjusted Invested Amount 1,100,000,000.00 750,000,000.00 680,000,000.00 800,000,000.00 400,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00 Series Required Transferor Amount 77,000,000.00 52,500,000.00 47,600,000.00 56,000,000.00 28,000,000.00 Series Allocation Percentage 5.43% 3.70% 3.35% 3.95% 1.97% Series Alloc. Finance Charge Collections 20,036,804.78 13,661,457.80 12,386,388.41 14,572,221.66 7,286,110.83 Series Allocable Recoveries 992,959.46 677,017.81 613,829.48 722,152.33 361,076.17 Series Alloc. Principal Collections 300,758,621.42 205,062,696.42 185,923,511.42 218,733,542.85 109,366,771.42 Series Allocable Defaulted Amount 5,108,104.77 3,482,798.71 3,157,737.49 3,714,985.29 1,857,492.64
- 03 -
B. Series Allocations Series 2004-3 Series 2004-4 Series 2004-5 Trust Total - --------------------- ------------- ------------- ------------- ----------- Group Number 1 2 2 Invested Amount 600,000,000.00 1,100,000,000.00 1,000,000,000.00 20,275,000,000.00 Adjusted Invested Amount 600,000,000.00 1,100,000,000.00 1,000,000,000.00 20,275,000,000.00 Principal Funding Account Balance 0.00 0.00 0.00 0.00 Series Required Transferor Amount 42,000,000.00 77,000,000.00 70,000,000.00 1,419,250,000.00 Series Allocation Percentage 2.96% 5.43% 4.93% 100% Series Alloc. Finance Charge Collections 10,929,166.24 20,036,804.78 18,215,277.07 369,314,742.65 Series Allocable Recoveries 541,614.25 992,959.46 902,690.41 18,302,048.14 Series Alloc. Principal Collections 164,050,157.14 300,758,621.42 273,416,928.56 5,543,528,226.54 Series Allocable Defaulted Amount 2,786,238.97 5,108,104.77 4,643,731.61 94,151,658.40 C. Group Allocations - -------------------- 1. Group 1 Allocations Series 2000-1 - ---------------------- ------------- Invested Amount 500,000,000.00 Investor Finance Charge Collections 7,870,961.64 Investor Monthly Interest 2,863,125.00 Investor Default Amount 2,006,592.23 Investor Monthly Fees 833,333.33 Investor Additional Amounts 0.00 Total 5,703,050.56 Reallocated Investor Finance Charge Collections 8,991,582.94 Available Excess 3,288,532.39 1. Group 1 Allocations Series 2001-2 Series 2003-4 Series 2004-3 Group 1 Total - ---------------------- ------------- ------------- ------------- ------------- Invested Amount 250,000,000.00 680,000,000.00 600,000,000.00 2,030,000,000.00 Investor Finance Charge Collections 3,935,480.82 10,704,507.83 9,445,153.97 31,956,104.26 Investor Monthly Interest 1,110,208.33 1,006,031.67 2,095,200.00 7,074,565.00 Investor Default Amount 1,003,296.11 2,728,965.43 2,407,910.67 8,146,764.44 Investor Monthly Fees 416,666.67 1,133,333.33 1,000,000.00 3,383,333.33 Investor Additional Amounts 0.00 0.00 0.00 0.00 Total 2,530,171.11 4,868,330.43 5,503,110.67 18,604,662.77 Reallocated Investor Finance Charge Collections 4,174,437.31 9,340,734.47 9,449,349.53 31,956,104.26 Available Excess 1,644,266.19 4,472,404.04 3,946,238.86 13,351,441.49 2. Group 2 Allocations Series 2000-2 Series 2000-3 Series 2000-4 Series 2000-5 - ---------------------- ------------- ------------- ------------- ------------- Invested Amount 500,000,000.00 1,000,000,000.00 1,212,122,000.00 787,878,000.00 Investor Finance Charge Collections 7,870,961.64 15,741,923.28 19,081,131.53 12,402,715.03 Investor Monthly Interest 821,510.42 1,639,583.33 2,067,905.52 1,282,533.90 Investor Default Amount 2,006,592.23 4,013,184.45 4,864,469.16 3,161,899.74 Investor Monthly Fees 833,333.33 1,666,666.67 2,020,203.33 1,313,130.00 Investor Additional Amounts 0.00 0.00 0.00 0.00 Total 3,661,435.98 7,319,434.45 8,952,578.01 5,757,563.64 Reallocated Investor Finance Charge Collections 7,893,160.08 15,782,882.66 19,211,309.78 12,425,728.28 Investment Funding Account Proceeds 0.00 Available Excess 4,231,724.10 8,463,448.20 10,258,731.76 6,668,164.64 2. Group 2 Allocations Series 2001-1 Series 2001-3 Series 2001-4 Series 2001-5 Series 2001-6 - ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 750,000,000.00 750,000,000.00 725,000,000.00 500,000,000.00 700,000,000.00 Investor Finance Charge Collections 11,806,442.46 11,806,442.46 11,412,894.38 7,870,961.64 11,019,346.30 Investor Monthly Interest 1,222,875.00 1,215,718.75 1,175,194.79 830,000.00 1,128,458.33 Investor Default Amount 3,009,888.34 3,009,888.34 2,909,558.73 2,006,592.23 2,809,229.12 Investor Monthly Fees 1,250,000.00 1,250,000.00 1,208,333.33 833,333.33 1,166,666.67 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 5,482,763.34 5,475,607.09 5,293,086.85 3,669,925.56 5,104,354.12 Reallocated Investor Finance Charge Collections 11,830,349.49 11,823,193.24 11,429,086.80 7,901,649.66 11,028,767.86 Investment Funding Account Proceeds Available Excess 6,347,586.15 6,347,586.15 6,135,999.95 4,231,724.10 5,924,413.74
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2. Group 2 Allocations Series 2001-7 Series 2002-1 Series 2002-2 Series 2002-3 Series 2002-4 - ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 650,000,000.00 920,000,000.00 940,000,000.00 920,000,000.00 500,000,000.00 Investor Finance Charge Collections 10,232,250.13 14,482,569.42 14,797,407.88 14,482,569.42 7,870,961.64 Investor Monthly Interest 1,048,287.50 1,479,858.33 1,511,402.50 1,478,631.67 777,208.33 Investor Default Amount 2,608,569.89 3,692,129.70 3,772,393.38 3,692,129.70 2,006,592.23 Investor Monthly Fees 1,083,333.33 1,533,333.33 1,566,666.67 1,533,333.33 833,333.33 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 4,740,190.73 6,705,321.36 6,850,462.55 6,704,094.70 3,617,133.89 Reallocated Investor Finance Charge Collections 10,241,432.06 14,491,693.71 14,806,103.86 14,490,467.04 7,848,857.99 Investment Funding Account Proceeds Available Excess 5,501,241.33 7,786,372.35 7,955,641.31 7,786,372.35 4,231,724.10 2. Group 2 Allocations Series 2002-5 Series 2002-6 Series 2003-1 Series 2003-2 Series 2003-3 - ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 600,000,000.00 720,000,000.00 920,000,000.00 1,100,000,000.00 750,000,000.00 Investor Finance Charge Collections 9,445,153.97 11,334,184.76 14,482,569.42 17,316,115.61 11,806,442.46 Investor Monthly Interest 991,875.00 1,175,400.00 1,479,858.33 1,767,195.83 1,203,906.25 Investor Default Amount 2,407,910.67 2,889,492.81 3,692,129.70 4,414,502.90 3,009,888.34 Investor Monthly Fees 1,000,000.00 1,200,000.00 1,533,333.33 1,833,333.33 1,250,000.00 Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00 Total 4,399,785.67 5,264,892.81 6,705,321.36 8,015,032.06 5,463,794.59 Reallocated Investor Finance Charge Collections 9,477,854.59 11,358,575.51 14,491,693.71 17,324,825.09 11,811,380.74 Investment Funding Account Proceeds Available Excess 5,078,068.92 6,093,682.71 7,786,372.35 9,309,793.02 6,347,586.15 2. Group 2 Allocations Series 2004-1 Series 2004-2 Series 2004-4 Series 2004-5 Group 2 Total - ---------------------- ------------- ------------- ------------- ------------- ------------- Invested Amount 800,000,000.00 400,000,000.00 1,100,000,000.00 1,000,000,000.00 18,245,000,000.00 Investor Finance Charge Collections 12,593,538.62 6,296,769.31 17,316,115.61 15,741,923.28 287,211,390.22 Investor Monthly Interest 1,263,366.67 663,333.33 1,740,245.83 1,202,544.44 29,166,894.07 Investor Default Amount 3,210,547.56 1,605,273.78 4,414,502.90 4,013,184.45 73,220,550.32 Investor Monthly Fees 1,333,333.33 666,666.67 1,833,333.33 1,666,666.67 30,408,333.33 Investor Additional Amounts 0.00 0.00 1.00 1.00 0.00 Total 5,807,247.56 2,935,273.78 7,988,082.06 6,882,395.56 132,795,777.73 Reallocated Investor Finance Charge Collections 12,578,006.13 6,320,653.06 17,297,875.09 15,345,843.77 287,211,390.22 Investment Funding Account Proceeds 0.00 Available Excess 6,770,758.56 3,385,379.28 9,309,793.02 8,463,448.20 154,415,612.49 GROUP I GROUP II ------- -------- Group Investor Finance Charge Collections 31,956,104.26 287,211,390.22 Group Expenses 18,604,662.77 132,795,777.73 Reallocable Investor Finance Charge Collections 13,351,441.49 154,415,612.49 D. Trust Performance Delinquencies: 31-60 Days Delinquent: 262,005,175 61-90 Days Delinquent: 145,808,651 90+ Days Delinquent: 213,762,419 Total 30+ Days Delinquent: 621,576,245
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II. Series 2000-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 578,559,453.96 500,000,000.00 78,559,453.96 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 9,107,638.54 7,870,961.64 1,236,676.90 Collections of Principal Receivables 136,708,464.28 118,145,562.52 18,562,901.76 Defaulted Amount 2,321,865.81 2,006,592.23 315,273.58 Ending Invested / Transferor Amounts 574,699,089.03 500,000,000.00 74,699,089.03 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ------ Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 2,162,500.00 0.00 0.00 2,162,500.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 7.2000% 7.4000% 2.6600% Monthly Interest Due 2,595,000.00 185,000.00 83,125.00 2,863,125.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 2,595,000.00 185,000.00 83,125.00 2,863,125.00 Investor Default Amount 1,735,702.28 120,395.53 150,494.42 2,006,592.23 Investor Monthly Fees Due 720,833.33 50,000.00 62,500.00 833,333.33 Investor Additional Amounts Due Total Due 5,051,535.61 355,395.53 296,119.42 5,703,050.56 Reallocated Investor Finance Charge Collections 8,991,582.94 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 16.4485% Base Rate 8.9947% Excess Spread Percentage 7.8925% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00 Interest Distributions 2,595,000.00 185,000.00 83,125.00 2,863,125.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 2,595,000.00 185,000.00 83,125.00 2,863,125.00 Ending Certificates Balance 432,500,000.00 30,000,000.00 37,500,000.00 500,000,000.00
- 06 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $6.00 2. Amount of the distribution in respect of Class A Monthly Interest: $6.00 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $6.17 2. Amount of the distribution in respect of class B monthly interest: $6.17 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 07 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $83,125.00 2. Amount distributed in respect of Collateral Monthly Interest: $83,125.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 08 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $7,777,719.25 a. Class A Monthly Interest: $2,595,000.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,735,702.28 e. Excess Spread: $3,447,016.97 2. Class B Available Funds: $539,494.98 a. Class B Monthly Interest: $185,000.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $354,494.98 3. Collateral Available Funds: $674,368.72 a. Excess Spread: $674,368.72 4. Total Excess Spread: $4,475,880.67 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2000-1 Allocable Principal Collections: $136,708,464.28 3. Principal Allocation Percentage of Series 2000-1 Allocable Principal Collections: $118,145,562.52 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $118,145,562.52 6. Shared Principal Collections from other Series allocated to Series 2000-1: N/A 7. Other amounts Treated as Available Principal Collections: $2,006,592.23 8. Available Principal Collections (total of 5., 6. & 7.): $120,152,154.75 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $37,500,000.00 2. Required Collateral Invested Amount: $37,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $120,152,154.75 - 09 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-1 1. Excess Spread: $4,475,880.67 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $120,395.53 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $83,125.00 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $150,494.42 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $2,162,500.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $1,126,032.39 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 8.9947% b. Prior Monthly Period 8.9825% c. Second Prior Monthly Period 8.4163% 2. Three Month Average Base Rate 8.7979% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 16.4485% b. Prior Monthly Period 17.0535% c. Second Prior Monthly Period 16.1007% 4. Three Month Average Series Adjusted Portfolio Yield 16.5342% - 10 -
III. Series 2000-2 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 578,559,453.96 500,000,000.00 78,559,453.96 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 9,107,638.54 7,870,961.64 1,236,676.90 Collections of Principal Receivables 136,708,464.28 118,145,562.52 18,562,901.76 Defaulted Amount 2,321,865.81 2,006,592.23 315,273.58 Ending Invested / Transferor Amounts 574,699,089.03 500,000,000.00 74,699,089.03 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 2,062,500.00 0.00 0.00 2,062,500.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9250% 2.1100% 2.2600% Monthly Interest Due 661,718.75 70,333.33 89,458.33 821,510.42 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 661,718.75 70,333.33 89,458.33 821,510.42 Investor Default Amount 1,655,438.59 160,527.38 190,626.26 2,006,592.23 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Due Total Due 3,004,657.34 297,527.38 359,251.26 3,661,435.98 Reallocated Investor Finance Charge Collections 7,893,160.08 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8619% Base Rate 4.0268% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 661,718.75 70,333.33 89,458.33 821,510.42 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 661,718.75 70,333.33 89,458.33 821,510.42 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 11 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.60 2. Amount of the distribution in respect of Class A Monthly Interest: $1.60 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.76 2. Amount of the distribution in respect of class B monthly interest: $1.76 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 12 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $89,458.33 2. Amount distributed in respect of Collateral Monthly Interest: $89,458.33 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 13 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $6,511,857.06 a. Class A Monthly Interest: $661,718.75 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,655,438.59 e. Excess Spread: $4,194,699.73 2. Class B Available Funds: $631,452.81 a. Class B Monthly Interest: $70,333.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $561,119.47 3. Collateral Available Funds: $749,850.21 a. Excess Spread: $749,850.21 4. Total Excess Spread: $5,505,669.41 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2000-2 Allocable Principal Collections: $136,708,464.28 3. Principal Allocation Percentage of Series 2000-2 Allocable Principal Collections: $118,145,562.52 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $118,145,562.52 6. Shared Principal Collections from other Series allocated to Series 2000-2: N/A 7. Other amounts Treated as Available Principal Collections: $2,006,592.23 8. Available Principal Collections (total of 5., 6. & 7.): $120,152,154.75 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $47,500,000.00 2. Required Collateral Invested Amount: $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $120,152,154.75 - 14 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-2 1. Excess Spread: $5,505,669.41 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $160,527.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $89,458.33 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $190,626.26 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $2,062,500.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $2,169,224.10 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0268% b. Prior Monthly Period 3.8646% c. Second Prior Monthly Period 3.5148% 2. Three Month Average Base Rate 3.8020% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8619% b. Prior Monthly Period 14.3691% c. Second Prior Monthly Period 13.4829% 4. Three Month Average Series Adjusted Portfolio Yield 13.9046% - 15 -
IV. Series 2000-3 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,157,118,907.92 1,000,000,000.00 157,118,907.92 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 18,215,277.07 15,741,923.28 2,473,353.79 Collections of Principal Receivables 273,416,928.56 236,291,125.04 37,125,803.52 Defaulted Amount 4,643,731.61 4,013,184.45 630,547.16 Ending Invested / Transferor Amounts 1,149,398,178.07 1,000,000,000.00 149,398,178.07 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9200% 2.1100% 2.2600% Monthly Interest Due 1,320,000.00 140,666.67 178,916.67 1,639,583.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,320,000.00 140,666.67 178,916.67 1,639,583.33 Investor Default Amount 3,310,877.17 321,054.76 381,252.52 4,013,184.45 Investor Monthly Fees Due 1,375,000.00 133,333.33 158,333.33 1,666,666.67 Investor Additional Amounts Due Total Due 6,005,877.17 595,054.76 718,502.52 7,319,434.45 Reallocated Investor Finance Charge Collections 15,782,882.66 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8579% Base Rate 4.0226% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00 Interest Distributions 1,320,000.00 140,666.67 178,916.67 1,639,583.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,320,000.00 140,666.67 178,916.67 1,639,583.33 Ending Certificates Balance 825,000,000.00 80,000,000.00 95,000,000.00 1,000,000,000.00
- 16 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.60 2. Amount of the distribution in respect of Class A Monthly Interest: $1.60 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.76 2. Amount of the distribution in respect of class B monthly interest: $1.76 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 17 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $178,916.67 2. Amount distributed in respect of Collateral Monthly Interest: $178,916.67 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 18 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $13,020,878.19 a. Class A Monthly Interest: $1,320,000.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,310,877.17 e. Excess Spread: $8,390,001.02 2. Class B Available Funds: $1,262,630.61 a. Class B Monthly Interest: $140,666.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,121,963.95 3. Collateral Available Funds: $1,499,373.85 a. Excess Spread: $1,499,373.85 4. Total Excess Spread: $11,011,338.82 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2000-3 Allocable Principal Collections: $273,416,928.56 3. Principal Allocation Percentage of Series 2000-3 Allocable Principal Collections: $236,291,125.04 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $236,291,125.04 6. Shared Principal Collections from other Series allocated to Series 2000-3: N/A 7. Other amounts Treated as Available Principal Collections: $4,013,184.45 8. Available Principal Collections (total of 5., 6. & 7.): $240,304,309.49 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $95,000,000.00 2. Required Collateral Invested Amount: $95,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $240,304,309.49 - 19 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-3 1. Excess Spread: $11,011,338.82 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $321,054.76 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $178,916.67 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $381,252.52 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $8,463,448.20 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0226% b. Prior Monthly Period 3.8604% c. Second Prior Monthly Period 3.5106% 2. Three Month Average Base Rate 3.7979% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8579% b. Prior Monthly Period 14.3649% c. Second Prior Monthly Period 13.4786% 4. Three Month Average Series Adjusted Portfolio Yield 13.9005% - 20 -
V. Series 2000-4 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- ------------- ----------- Beginning Invested /Transferor Amount 1,402,569,284.91 1,212,122,000.00 190,447,284.91 Beginning Adjusted Invested Amount N/A 1,212,122,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 22,079,138.08 19,081,131.53 2,998,006.55 Collections of Principal Receivables 331,414,674.28 286,413,671.07 45,001,003.21 Defaulted Amount 5,628,769.25 4,864,469.16 764,300.08 Ending Invested / Transferor Amounts 1,393,210,818.40 1,212,122,000.00 181,088,818.40 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 2.0050% 2.2300% 2.2600% Monthly Interest Due 1,670,833.33 180,202.58 216,869.60 2,067,905.52 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,670,833.33 180,202.58 216,869.60 2,067,905.52 Investor Default Amount 4,013,184.45 389,158.50 462,126.22 4,864,469.16 Investor Monthly Fees Due 1,666,666.67 161,616.67 191,920.00 2,020,203.33 Investor Additional Amounts Due Total Due 7,350,684.45 730,977.75 870,915.82 8,952,578.01 Reallocated Investor Finance Charge Collections 19,211,309.78 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.9361% Base Rate 4.1034% Excess Spread Percentage 10.1561% - ---------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00 Interest Distributions 1,670,833.33 180,202.58 216,869.60 2,067,905.52 Interest Deposits - Interest Funding Account (1,670,833.33) (180,202.58) 0.00 (1,851,035.92) Interest Funding Account Distributions 0.00 0.00 0.00 0.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 0.00 0.00 216,869.60 216,869.60 Ending Interest Funding Account Balance 1,670,833.33 180,202.58 0.00 1,851,035.92 Ending Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00
- 21 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.67 2. Amount of the distribution in respect of Class A Monthly Interest: $1.67 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.86 2. Amount of the distribution in respect of class B monthly interest: $1.86 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 22 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $216,869.60 2. Amount distributed in respect of Collateral Monthly Interest: $216,869.60 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 23 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds (Includes Int. Income from IFA): $15,849,320.27 a. Class A Monthly Interest: $1,670,833.33 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $4,013,184.45 e. Excess Spread: $10,165,302.48 2. Class B Available Funds: $1,536,908.59 a. Class B Monthly Interest: $180,202.58 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,356,706.00 3. Collateral Available Funds: $1,825,080.93 a. Excess Spread: $1,825,080.93 4. Total Excess Spread: $13,347,089.41 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2000-4 Allocable Principal Collections: $331,414,674.28 3. Principal Allocation Percentage of Series 2000-4 Allocable Principal Collections: $286,413,671.07 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $286,413,671.07 6. Shared Principal Collections from other Series allocated to Series 2000-4: N/A 7. Other amounts Treated as Available Principal Collections: $4,864,469.16 8. Available Principal Collections (total of 5., 6. & 7.): $291,278,140.23 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $115,152,000.00 2. Required Collateral Invested Amount: $115,152,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $291,278,140.23 - 24 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-4 1. Excess Spread: $13,347,089.41 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $389,158.50 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $216,869.60 9. Applied to unpaid Monthly Servicing Fee: $2,020,203.33 10. Collateral Default Amount treated as Available Principal Collections: $462,126.22 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $10,258,731.76 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.1034% b. Prior Monthly Period 3.7577% c. Second Prior Monthly Period 3.6098% 2. Three Month Average Base Rate 3.8236% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.9361% b. Prior Monthly Period 14.2662% c. Second Prior Monthly Period 13.5824% 4. Three Month Average Series Adjusted Portfolio Yield 13.9282% - 25 -
VI. Series 2000-5 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 911,668,530.94 787,878,000.00 123,790,530.94 Beginning Adjusted Invested Amount N/A 787,878,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 14,351,416.07 12,402,715.03 1,948,701.04 Collections of Principal Receivables 215,419,182.84 186,168,579.02 29,250,603.82 Defaulted Amount 3,658,693.97 3,161,899.74 496,794.23 Ending Invested / Transferor Amounts 905,585,537.74 787,878,000.00 117,707,537.74 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------ ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9000% 2.1400% 2.2600% Monthly Interest Due 1,029,166.67 112,403.50 140,963.73 1,282,533.90 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,029,166.67 112,403.50 140,963.73 1,282,533.90 Investor Default Amount 2,608,569.89 252,951.02 300,378.83 3,161,899.74 Investor Monthly Fees Due 1,083,333.33 105,050.00 124,746.67 1,313,130.00 Investor Additional Amounts Due Total Due 4,721,069.89 470,404.52 566,089.23 5,757,563.64 Reallocated Investor Finance Charge Collections 12,425,728.28 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8440% Base Rate 4.0083% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00 Interest Distributions 1,029,166.67 112,403.50 140,963.73 1,282,533.90 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,029,166.67 112,403.50 140,963.73 1,282,533.90 Ending Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00
- 26 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.58 2. Amount of the distribution in respect of Class A Monthly Interest: $1.58 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.78 2. Amount of the distribution in respect of class B monthly interest: $1.78 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 27 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $140,963.73 2. Amount distributed in respect of Collateral Monthly Interest: $140,963.73 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 28 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $10,251,236.09 a. Class A Monthly Interest: $1,029,166.67 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,608,569.89 e. Excess Spread: $6,613,499.53 2. Class B Available Funds: $994,054.48 a. Class B Monthly Interest: $112,403.50 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $881,650.98 3. Collateral Available Funds: $1,180,437.72 a. Excess Spread: $1,180,437.72 4. Total Excess Spread: $8,675,588.22 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2000-5 Allocable Principal Collections: $215,419,182.84 3. Principal Allocation Percentage of Series 2000-5 Allocable Principal Collections: $186,168,579.02 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $186,168,579.02 6. Shared Principal Collections from other Series allocated to Series 2000-5: N/A 7. Other amounts Treated as Available Principal Collections: $3,161,899.74 8. Available Principal Collections (total of 5., 6. & 7.): $189,330,478.75 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $74,848,000.00 2. Required Collateral Invested Amount: $74,848,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $189,330,478.75 - 29 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2000-5 1. Excess Spread: $8,675,588.22 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $252,951.02 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $140,963.73 9. Applied to unpaid Monthly Servicing Fee: $1,313,130.00 10. Collateral Default Amount treated as Available Principal Collections: $300,378.83 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,668,164.64 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0083% b. Prior Monthly Period 3.8461% c. Second Prior Monthly Period 3.4963% 2. Three Month Average Base Rate 3.7836% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8440% b. Prior Monthly Period 14.3506% c. Second Prior Monthly Period 13.4638% 4. Three Month Average Series Adjusted Portfolio Yield 13.8862% - 30 -
VII. Series 2001-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 867,839,180.94 750,000,000.00 117,839,180.94 Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 13,661,457.80 11,806,442.46 1,855,015.35 Collections of Principal Receivables 205,062,696.42 177,218,343.78 27,844,352.64 Defaulted Amount 3,482,798.71 3,009,888.34 472,910.37 Ending Invested / Transferor Amounts 862,048,633.55 750,000,000.00 112,048,633.55 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9000% 2.1800% 2.2600% Monthly Interest Due 979,687.50 109,000.00 134,187.50 1,222,875.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 979,687.50 109,000.00 134,187.50 1,222,875.00 Investor Default Amount 2,483,157.88 240,791.07 285,939.39 3,009,888.34 Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00 Investor Additional Amounts Due Total Due 4,494,095.38 449,791.07 538,876.89 5,482,763.34 Reallocated Investor Finance Charge Collections 11,830,349.49 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8472% Base Rate 4.0116% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00 Interest Distributions 979,687.50 109,000.00 134,187.50 1,222,875.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 979,687.50 109,000.00 134,187.50 1,222,875.00 Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00
- 31 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.58 2. Amount of the distribution in respect of Class A Monthly Interest: $1.58 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.82 2. Amount of the distribution in respect of class B monthly interest: $1.82 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 32 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $134,187.50 2. Amount distributed in respect of Collateral Monthly Interest: $134,187.50 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 33 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,760,038.33 a. Class A Monthly Interest: $979,687.50 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,483,157.88 e. Excess Spread: $6,297,192.95 2. Class B Available Funds: $946,427.96 a. Class B Monthly Interest: $109,000.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $837,427.96 3. Collateral Available Funds: $1,123,883.20 a. Excess Spread: $1,123,883.20 4. Total Excess Spread: $8,258,504.11 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2001-1 Allocable Principal Collections: $205,062,696.42 3. Principal Allocation Percentage of Series 2001-1 Allocable Principal Collections: $177,218,343.78 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $177,218,343.78 6. Shared Principal Collections from other Series allocated to Series 2001-1: N/A 7. Other amounts Treated as Available Principal Collections: $3,009,888.34 8. Available Principal Collections (total of 5., 6. & 7.): $180,228,232.12 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $71,250,000.00 2. Required Collateral Invested Amount: $71,250,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $180,228,232.12 - 34 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-1 1. Excess Spread: $8,258,504.11 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $240,791.07 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $134,187.50 9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00 10. Collateral Default Amount treated as Available Principal Collections: $285,939.39 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,347,586.15 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0116% b. Prior Monthly Period 3.8493% c. Second Prior Monthly Period 3.4995% 2. Three Month Average Base Rate 3.7868% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8472% b. Prior Monthly Period 14.3539% c. Second Prior Monthly Period 13.4672% 4. Three Month Average Series Adjusted Portfolio Yield 13.8894% - 35 -
VIII. Series 2001-2 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 289,279,726.98 250,000,000.00 39,279,726.98 Beginning Adjusted Invested Amount N/A 250,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 4,553,819.27 3,935,480.82 618,338.45 Collections of Principal Receivables 68,354,232.14 59,072,781.26 9,281,450.88 Defaulted Amount 1,160,932.90 1,003,296.11 157,636.79 Ending Invested / Transferor Amounts 287,349,544.52 250,000,000.00 37,349,544.52 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 5.5300% 5.8300% 2.6100% Monthly Interest Due 996,552.08 72,875.00 40,781.25 1,110,208.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 996,552.08 72,875.00 40,781.25 1,110,208.33 Investor Default Amount 867,851.14 60,197.77 75,247.21 1,003,296.11 Investor Monthly Fees Due 360,416.67 25,000.00 31,250.00 416,666.67 Investor Additional Amounts Due Total Due 2,224,819.89 158,072.77 147,278.46 2,530,171.11 Reallocated Investor Finance Charge Collections 4,174,437.31 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 14.9351% Base Rate 7.4308% Excess Spread Percentage 7.8925% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 216,250,000.00 15,000,000.00 18,750,000.00 250,000,000.00 Interest Distributions 996,552.08 72,875.00 40,781.25 1,110,208.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 996,552.08 72,875.00 40,781.25 1,110,208.33 Ending Certificates Balance 216,250,000.00 15,000,000.00 18,750,000.00 250,000,000.00
- 36 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $4.61 2. Amount of the distribution in respect of Class A Monthly Interest: $4.61 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $4.86 2. Amount of the distribution in respect of class B monthly interest: $4.86 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 37 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $40,781.25 2. Amount distributed in respect of Collateral Monthly Interest: $40,781.25 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 38 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $3,610,888.27 a. Class A Monthly Interest: $996,552.08 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $867,851.14 e. Excess Spread: $1,746,485.05 2. Class B Available Funds: $250,466.24 a. Class B Monthly Interest: $72,875.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $177,591.24 3. Collateral Available Funds: $313,082.80 a. Excess Spread: $313,082.80 4. Total Excess Spread: $2,237,159.08 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2001-2 Allocable Principal Collections: $68,354,232.14 3. Principal Allocation Percentage of Series 2001-2 Allocable Principal Collections: $59,072,781.26 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $59,072,781.26 6. Shared Principal Collections from other Series allocated to Series 2001-2: N/A 7. Other amounts Treated as Available Principal Collections: $1,003,296.11 8. Available Principal Collections (total of 5., 6. & 7.): $60,076,077.37 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $18,750,000.00 2. Required Collateral Invested Amount: $18,750,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $60,076,077.37 - 39 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-2 1. Excess Spread: $2,237,159.08 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $60,197.77 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $40,781.25 9. Applied to unpaid Monthly Servicing Fee: $416,666.67 10. Collateral Default Amount treated as Available Principal Collections: $75,247.21 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $1,644,266.19 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 7.4308% b. Prior Monthly Period 7.4186% c. Second Prior Monthly Period 6.9499% 2. Three Month Average Base Rate 7.2664% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 14.9351% b. Prior Monthly Period 15.4895% c. Second Prior Monthly Period 14.5870% 4. Three Month Average Series Adjusted Portfolio Yield 15.0039% - 40 -
IX. Series 2001-3 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 867,839,180.94 750,000,000.00 117,839,180.94 Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 13,661,457.80 11,806,442.46 1,855,015.35 Collections of Principal Receivables 205,062,696.42 177,218,343.78 27,844,352.64 Defaulted Amount 3,482,798.71 3,009,888.34 472,910.37 Ending Invested / Transferor Amounts 862,048,633.55 750,000,000.00 112,048,633.55 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8900% 2.1400% 2.2600% Monthly Interest Due 974,531.25 107,000.00 134,187.50 1,215,718.75 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 974,531.25 107,000.00 134,187.50 1,215,718.75 Investor Default Amount 2,483,157.88 240,791.07 285,939.39 3,009,888.34 Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00 Investor Additional Amounts Due Total Due 4,488,939.13 447,791.07 538,876.89 5,475,607.09 Reallocated Investor Finance Charge Collections 11,823,193.24 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8359% Base Rate 3.9999% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00 Interest Distributions 974,531.25 107,000.00 134,187.50 1,215,718.75 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 974,531.25 107,000.00 134,187.50 1,215,718.75 Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00
- 41 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.58 2. Amount of the distribution in respect of Class A Monthly Interest: $1.58 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.78 2. Amount of the distribution in respect of class B monthly interest: $1.78 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 42 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $134,187.50 2. Amount distributed in respect of Collateral Monthly Interest: $134,187.50 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 43 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,754,134.42 a. Class A Monthly Interest: $974,531.25 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,483,157.88 e. Excess Spread: $6,296,445.30 2. Class B Available Funds: $945,855.46 a. Class B Monthly Interest: $107,000.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $838,855.46 3. Collateral Available Funds: $1,123,203.36 a. Excess Spread: $1,123,203.36 4. Total Excess Spread: $8,258,504.11 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2001-3 Allocable Principal Collections: $205,062,696.42 3. Principal Allocation Percentage of Series 2001-3 Allocable Principal Collections: $177,218,343.78 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $177,218,343.78 6. Shared Principal Collections from other Series allocated to Series 2001-3 N/A 7. Other amounts Treated as Available Principal Collections: $3,009,888.34 8. Available Principal Collections (total of 5., 6. & 7.): $180,228,232.12 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $71,250,000.00 2. Required Collateral Invested Amount: $71,250,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $180,228,232.12 - 44 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-3 1. Excess Spread: $8,258,504.11 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $240,791.07 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $134,187.50 9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00 10. Collateral Default Amount treated as Available Principal Collections: $285,939.39 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,347,586.15 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9999% b. Prior Monthly Period 3.8377% c. Second Prior Monthly Period 3.4879% 2. Three Month Average Base Rate 3.7752% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8359% b. Prior Monthly Period 14.3423% c. Second Prior Monthly Period 13.4552% 4. Three Month Average Series Adjusted Portfolio Yield 13.8778% - 45 -
X. Series 2001-4 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 838,911,208.24 725,000,000.00 113,911,208.24 Beginning Adjusted Invested Amount N/A 725,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 13,206,075.88 11,412,894.38 1,793,181.50 Collections of Principal Receivables 198,227,273.21 171,311,065.65 26,916,207.55 Defaulted Amount 3,366,705.42 2,909,558.73 457,146.69 Ending Invested / Transferor Amounts 833,313,679.10 725,000,000.00 108,313,679.10 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- --------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8900% 2.1400% 2.2600% Monthly Interest Due 942,046.88 103,433.33 129,714.58 1,175,194.79 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 942,046.88 103,433.33 129,714.58 1,175,194.79 Investor Default Amount 2,400,385.95 232,764.70 276,408.08 2,909,558.73 Investor Monthly Fees Due 996,875.00 96,666.67 114,791.67 1,208,333.33 Investor Additional Amounts Due Total Due 4,339,307.83 432,864.70 520,914.33 5,293,086.85 Reallocated Investor Finance Charge Collections 11,429,086.80 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8359% Base Rate 3.9999% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 598,125,000.00 58,000,000.00 68,875,000.00 725,000,000.00 Interest Distributions 942,046.88 103,433.33 129,714.58 1,175,194.79 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 942,046.88 103,433.33 129,714.58 1,175,194.79 Ending Certificates Balance 598,125,000.00 58,000,000.00 68,875,000.00 725,000,000.00
- 46 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.58 2. Amount of the distribution in respect of Class A Monthly Interest: $1.58 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.78 2. Amount of the distribution in respect of class B monthly interest: $1.78 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 47 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $129,714.58 2. Amount distributed in respect of Collateral Monthly Interest: $129,714.58 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 48 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,428,996.61 a. Class A Monthly Interest: $942,046.88 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,400,385.95 e. Excess Spread: $6,086,563.79 2. Class B Available Funds: $914,326.94 a. Class B Monthly Interest: $103,433.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $810,893.61 3. Collateral Available Funds: $1,085,763.25 a. Excess Spread: $1,085,763.25 4. Total Excess Spread: $7,983,220.64 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2001-4 Allocable Principal Collections: $198,227,273.21 3. Principal Allocation Percentage of Series 2001-4 Allocable Principal Collections: $171,311,065.65 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $171,311,065.65 6. Shared Principal Collections from other Series allocated to Series 2001-4 N/A 7. Other amounts Treated as Available Principal Collections: $2,909,558.73 8. Available Principal Collections (total of 5., 6. & 7.): $174,220,624.38 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $68,875,000.00 2. Required Collateral Invested Amount: $68,875,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $174,220,624.38 - 49 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-4 1. Excess Spread: $7,983,220.64 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $232,764.70 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $129,714.58 9. Applied to unpaid Monthly Servicing Fee: $1,208,333.33 10. Collateral Default Amount treated as Available Principal Collections: $276,408.08 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,135,999.95 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9999% b. Prior Monthly Period 3.8377% c. Second Prior Monthly Period 3.4879% 2. Three Month Average Base Rate 3.7752% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8359% b. Prior Monthly Period 14.3423% c. Second Prior Monthly Period 13.4552% 4. Three Month Average Series Adjusted Portfolio Yield 13.8778% - 50 -
XI. Series 2001-5 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 578,559,453.96 500,000,000.00 78,559,453.96 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 9,107,638.54 7,870,961.64 1,236,676.90 Collections of Principal Receivables 136,708,464.28 118,145,562.52 18,562,901.76 Defaulted Amount 2,321,865.81 2,006,592.23 315,273.58 Ending Invested / Transferor Amounts 574,699,089.03 500,000,000.00 74,699,089.03 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------ ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9400% 2.2100% 2.2600% Monthly Interest Due 666,875.00 73,666.67 89,458.33 830,000.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 666,875.00 73,666.67 89,458.33 830,000.00 Investor Default Amount 1,655,438.59 160,527.38 190,626.26 2,006,592.23 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Due Total Due 3,009,813.59 300,860.71 359,251.26 3,669,925.56 Reallocated Investor Finance Charge Collections 7,901,649.66 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8819% Base Rate 4.0474% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------ ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 666,875.00 73,666.67 89,458.33 830,000.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 666,875.00 73,666.67 89,458.33 830,000.00 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 51 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.62 2. Amount of the distribution in respect of Class A Monthly Interest: $1.62 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.84 2. Amount of the distribution in respect of class B monthly interest: $1.84 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 52 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $89,458.33 2. Amount distributed in respect of Collateral Monthly Interest: $89,458.33 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 53 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $6,518,860.97 a. Class A Monthly Interest: $666,875.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,655,438.59 e. Excess Spread: $4,196,547.38 2. Class B Available Funds: $632,131.97 a. Class B Monthly Interest: $73,666.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $558,465.31 3. Collateral Available Funds: $750,656.72 a. Excess Spread: $750,656.72 4. Total Excess Spread: $5,505,669.41 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2001-5 Allocable Principal Collections: $136,708,464.28 3. Principal Allocation Percentage of Series 2001-5 Allocable Principal Collections: $118,145,562.52 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $118,145,562.52 6. Shared Principal Collections from other Series allocated to Series 2001-5 N/A 7. Other amounts Treated as Available Principal Collections: $2,006,592.23 8. Available Principal Collections (total of 5., 6. & 7.): $120,152,154.75 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $47,500,000.00 2. Required Collateral Invested Amount: $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $120,152,154.75 - 54 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-5 1. Excess Spread: $5,505,669.41 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $160,527.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $89,458.33 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $190,626.26 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,231,724.10 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0474% b. Prior Monthly Period 3.8852% c. Second Prior Monthly Period 3.5354% 2. Three Month Average Base Rate 3.8227% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8819% b. Prior Monthly Period 14.3898% c. Second Prior Monthly Period 13.5042% 4. Three Month Average Series Adjusted Portfolio Yield 13.9253% - 55 -
XII. Series 2001-6 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 809,983,235.54 700,000,000.00 109,983,235.54 Beginning Adjusted Invested Amount N/A 700,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 12,750,693.95 11,019,346.30 1,731,347.66 Collections of Principal Receivables 191,391,849.99 165,403,787.53 25,988,062.46 Defaulted Amount 3,250,612.13 2,809,229.12 441,383.01 Ending Invested / Transferor Amounts 804,578,724.65 700,000,000.00 104,578,724.65 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8800% 2.1100% 2.2600% Monthly Interest Due 904,750.00 98,466.67 125,241.67 1,128,458.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 904,750.00 98,466.67 125,241.67 1,128,458.33 Investor Default Amount 2,317,614.02 224,738.33 266,876.77 2,809,229.12 Investor Monthly Fees Due 962,500.00 93,333.33 110,833.33 1,166,666.67 Investor Additional Amounts Due Total Due 4,184,864.02 416,538.33 502,951.77 5,104,354.12 Reallocated Investor Finance Charge Collections 11,028,767.86 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8255% Base Rate 3.9892% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 577,500,000.00 56,000,000.00 66,500,000.00 700,000,000.00 Interest Distributions 904,750.00 98,466.67 125,241.67 1,128,458.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 904,750.00 98,466.67 125,241.67 1,128,458.33 Ending Certificates Balance 577,500,000.00 56,000,000.00 66,500,000.00 700,000,000.00
- 56 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.57 2. Amount of the distribution in respect of Class A Monthly Interest: $1.57 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.76 2. Amount of the distribution in respect of class B monthly interest: $1.76 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 57 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $125,241.67 2. Amount distributed in respect of Collateral Monthly Interest: $125,241.67 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 58 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,098,733.48 a. Class A Monthly Interest: $904,750.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,317,614.02 e. Excess Spread: $5,876,369.46 2. Class B Available Funds: $882,301.43 a. Class B Monthly Interest: $98,466.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $783,834.76 3. Collateral Available Funds: $1,047,732.95 a. Excess Spread: $1,047,732.95 4. Total Excess Spread: $7,707,937.17 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2001-6 Allocable Principal Collections: $191,391,849.99 3. Principal Allocation Percentage of Series 2001-6 Allocable Principal Collections: $165,403,787.53 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $165,403,787.53 6. Shared Principal Collections from other Series allocated to Series 2001-6 N/A 7. Other amounts Treated as Available Principal Collections: $2,809,229.12 8. Available Principal Collections (total of 5., 6. & 7.): $168,213,016.65 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $66,500,000.00 2. Required Collateral Invested Amount: $66,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $168,213,016.65 - 59 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-6 1. Excess Spread: $7,707,937.17 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $224,738.33 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $125,241.67 9. Applied to unpaid Monthly Servicing Fee: $1,166,666.67 10. Collateral Default Amount treated as Available Principal Collections: $266,876.77 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $5,924,413.74 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9891% b. Prior Monthly Period 3.8269% c. Second Prior Monthly Period 3.4771% 2. Three Month Average Base Rate 3.7644% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8255% b. Prior Monthly Period 14.3315% c. Second Prior Monthly Period 13.4440% 4. Three Month Average Series Adjusted Portfolio Yield 13.8670% - 60 -
XIII. Series 2001-7 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 752,127,290.15 650,000,000.00 102,127,290.15 Beginning Adjusted Invested Amount N/A 650,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 11,839,930.10 10,232,250.13 1,607,679.97 Collections of Principal Receivables 177,721,003.56 153,589,231.28 24,131,772.29 Defaulted Amount 3,018,425.55 2,608,569.89 409,855.65 Ending Invested / Transferor Amounts 747,108,815.74 650,000,000.00 97,108,815.74 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ----------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8800% 2.1200% 2.2600% Monthly Interest Due 840,125.00 91,866.67 116,295.83 1,048,287.50 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 840,125.00 91,866.67 116,295.83 1,048,287.50 Investor Default Amount 2,152,070.16 208,685.59 247,814.14 2,608,569.89 Investor Monthly Fees Due 893,750.00 86,666.67 102,916.67 1,083,333.33 Investor Additional Amounts Due Total Due 3,885,945.16 387,218.92 467,026.64 4,740,190.73 Reallocated Investor Finance Charge Collections 10,241,432.06 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8263% Base Rate 3.9900% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 536,250,000.00 52,000,000.00 61,750,000.00 650,000,000.00 Interest Distributions 840,125.00 91,866.67 116,295.83 1,048,287.50 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 840,125.00 91,866.67 116,295.83 1,048,287.50 Ending Certificates Balance 536,250,000.00 52,000,000.00 61,750,000.00 650,000,000.00
- 61 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.57 2. Amount of the distribution in respect of Class A Monthly Interest: $1.57 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.77 2. Amount of the distribution in respect of class B monthly interest: $1.77 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 62 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $116,295.83 2. Amount distributed in respect of Collateral Monthly Interest: $116,295.83 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 63 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $8,449,181.45 a. Class A Monthly Interest: $840,125.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,152,070.16 e. Excess Spread: $5,456,986.29 2. Class B Available Funds: $819,314.56 a. Class B Monthly Interest: $91,866.67 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $727,447.90 3. Collateral Available Funds: $972,936.05 a. Excess Spread: $972,936.05 4. Total Excess Spread: $7,157,370.23 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2001-7 Allocable Principal Collections: $177,721,003.56 3. Principal Allocation Percentage of Series 2001-7 Allocable Principal Collections: $153,589,231.28 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $153,589,231.28 6. Shared Principal Collections from other Series allocated to Series 2001-7 N/A 7. Other amounts Treated as Available Principal Collections: $2,608,569.89 8. Available Principal Collections (total of 5., 6. & 7.): $156,197,801.17 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $61,750,000.00 2. Required Collateral Invested Amount: $61,750,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $156,197,801.17 - 64 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2001-7 1. Excess Spread: $7,157,370.23 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $208,685.59 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $116,295.83 9. Applied to unpaid Monthly Servicing Fee: $1,083,333.33 10. Collateral Default Amount treated as Available Principal Collections: $247,814.14 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $5,501,241.33 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9900% b. Prior Monthly Period 3.8277% c. Second Prior Monthly Period 3.4779% 2. Three Month Average Base Rate 3.7652% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8263% b. Prior Monthly Period 14.3323% c. Second Prior Monthly Period 13.4449% 4. Three Month Average Series Adjusted Portfolio Yield 13.8678% - 65 -
XIV. Series 2002-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,064,549,395.29 920,000,000.00 144,549,395.29 Beginning Adjusted Invested Amount N/A 920,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 16,758,054.91 14,482,569.42 2,275,485.49 Collections of Principal Receivables 251,543,574.27 217,387,835.04 34,155,739.24 Defaulted Amount 4,272,233.08 3,692,129.70 580,103.39 Ending Invested / Transferor Amounts 1,057,446,323.82 920,000,000.00 137,446,323.82 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8700% 2.1600% 2.2600% Monthly Interest Due 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Investor Default Amount 3,046,007.00 295,370.38 350,752.32 3,692,129.70 Investor Monthly Fees Due 1,265,000.00 122,666.67 145,666.67 1,533,333.33 Investor Additional Amounts Due Total Due 5,493,782.00 550,517.04 661,022.32 6,705,321.36 Reallocated Investor Finance Charge Collections 14,491,693.71 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8213% Base Rate 3.9848% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00 Interest Distributions 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Ending Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00
- 66 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.56 2. Amount of the distribution in respect of Class A Monthly Interest: $1.56 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.80 2. Amount of the distribution in respect of class B monthly interest: $1.80 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 67 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $164,603.33 2. Amount distributed in respect of Collateral Monthly Interest: $164,603.33 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 68 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $11,955,647.31 a. Class A Monthly Interest: $1,182,775.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,046,007.00 e. Excess Spread: $7,726,865.31 2. Class B Available Funds: $1,159,335.50 a. Class B Monthly Interest: $132,480.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,026,855.50 3. Collateral Available Funds: $1,376,710.90 a. Excess Spread: $1,376,710.90 4. Total Excess Spread: $10,130,431.71 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2002-1 Allocable Principal Collections: $251,543,574.27 3. Principal Allocation Percentage of Series 2002-1 Allocable Principal Collections: $217,387,835.04 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $217,387,835.04 6. Shared Principal Collections from other Series allocated to Series 2002-1 N/A 7. Other amounts Treated as Available Principal Collections: $3,692,129.70 8. Available Principal Collections (total of 5., 6. & 7.): $221,079,964.73 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $87,400,000.00 2. Required Collateral Invested Amount: $87,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $221,079,964.73 - 69 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-1 1. Excess Spread: $10,130,431.71 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $295,370.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $164,603.33 9. Applied to unpaid Monthly Servicing Fee: $1,533,333.33 10. Collateral Default Amount treated as Available Principal Collections: $350,752.32 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,786,372.35 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9848% b. Prior Monthly Period 3.8226% c. Second Prior Monthly Period 3.4728% 2. Three Month Average Base Rate 3.7601% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8213% b. Prior Monthly Period 14.3272% c. Second Prior Monthly Period 13.4396% 4. Three Month Average Series Adjusted Portfolio Yield 13.8627% - 70 -
XV. Series 2002-2 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,087,691,773.45 940,000,000.00 147,691,773.45 Beginning Adjusted Invested Amount N/A 940,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 17,122,360.45 14,797,407.88 2,324,952.57 Collections of Principal Receivables 257,011,912.85 222,113,657.54 34,898,255.31 Defaulted Amount 4,365,107.71 3,772,393.38 592,714.33 Ending Invested / Transferor Amounts 1,080,434,287.38 940,000,000.00 140,434,287.38 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8700% 2.1500% 2.2600% Monthly Interest Due 1,208,487.50 134,733.33 168,181.67 1,511,402.50 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,208,487.50 134,733.33 168,181.67 1,511,402.50 Investor Default Amount 3,112,224.54 301,791.47 358,377.37 3,772,393.38 Investor Monthly Fees Due 1,292,500.00 125,333.33 148,833.33 1,566,666.67 Investor Additional Amounts Due Total Due 5,613,212.04 561,858.14 675,392.37 6,850,462.55 Reallocated Investor Finance Charge Collections 14,806,103.86 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8205% Base Rate 3.9840% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ----------- ------ Beginning Certificates Balance 775,500,000.00 75,200,000.00 89,300,000.00 940,000,000.00 Interest Distributions 1,208,487.50 134,733.33 168,181.67 1,511,402.50 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,208,487.50 134,733.33 168,181.67 1,511,402.50 Ending Certificates Balance 775,500,000.00 75,200,000.00 89,300,000.00 940,000,000.00
- 71 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.56 2. Amount of the distribution in respect of Class A Monthly Interest: $1.56 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.79 2. Amount of the distribution in respect of class B monthly interest: $1.79 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 72 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $168,181.67 2. Amount distributed in respect of Collateral Monthly Interest: $168,181.67 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 73 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $12,215,035.69 a. Class A Monthly Interest: $1,208,487.50 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,112,224.54 e. Excess Spread: $7,894,323.65 2. Class B Available Funds: $1,184,488.31 a. Class B Monthly Interest: $134,733.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,049,754.98 3. Collateral Available Funds: $1,406,579.87 a. Excess Spread: $1,406,579.87 4. Total Excess Spread: $10,350,658.49 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2002-2 Allocable Principal Collections: $257,011,912.85 3. Principal Allocation Percentage of Series 2002-2 Allocable Principal Collections: $222,113,657.54 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $222,113,657.54 6. Shared Principal Collections from other Series allocated to Series 2002-2 N/A 7. Other amounts Treated as Available Principal Collections: $3,772,393.38 8. Available Principal Collections (total of 5., 6. & 7.): $225,886,050.92 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $89,300,000.00 2. Required Collateral Invested Amount: $89,300,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $225,886,050.92 - 74 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-2 1. Excess Spread: $10,350,658.49 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $301,791.47 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $168,181.67 9. Applied to unpaid Monthly Servicing Fee: $1,566,666.67 10. Collateral Default Amount treated as Available Principal Collections: $358,377.37 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,955,641.31 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9840% b. Prior Monthly Period 3.8218% c. Second Prior Monthly Period 3.4720% 2. Three Month Average Base Rate 3.7593% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8205% b. Prior Monthly Period 14.3263% c. Second Prior Monthly Period 13.4388% 4. Three Month Average Series Adjusted Portfolio Yield 13.8619% - 75 -
XVI. Series 2002-3 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,064,549,395.29 920,000,000.00 144,549,395.29 Beginning Adjusted Invested Amount N/A 920,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 16,758,054.91 14,482,569.42 2,275,485.49 Collections of Principal Receivables 251,543,574.27 217,387,835.04 34,155,739.24 Defaulted Amount 4,272,233.08 3,692,129.70 580,103.39 Ending Invested / Transferor Amounts 1,057,446,323.82 920,000,000.00 137,446,323.82 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8700% 2.1400% 2.2600% Monthly Interest Due 1,182,775.00 131,253.33 164,603.33 1,478,631.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,182,775.00 131,253.33 164,603.33 1,478,631.67 Investor Default Amount 3,046,007.00 295,370.38 350,752.32 3,692,129.70 Investor Monthly Fees Due 1,265,000.00 122,666.67 145,666.67 1,533,333.33 Investor Additional Amounts Due Total Due 5,493,782.00 549,290.38 661,022.32 6,704,094.70 Reallocated Investor Finance Charge Collections 14,490,467.04 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8198% Base Rate 3.9832% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00 Interest Distributions 1,182,775.00 131,253.33 164,603.33 1,478,631.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,182,775.00 131,253.33 164,603.33 1,478,631.67 Ending Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00
- 76 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution $1.56 2. Amount of the distribution in respect of Class A Monthly Interest: $1.56 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.78 2. Amount of the distribution in respect of class B monthly interest: $1.78 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 77 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $164,603.33 2. Amount distributed in respect of Collateral Monthly Interest: $164,603.33 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 78 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $11,954,635.31 a. Class A Monthly Interest: $1,182,775.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,046,007.00 e. Excess Spread: $7,725,853.31 2. Class B Available Funds: $1,159,237.36 a. Class B Monthly Interest: $131,253.33 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,027,984.03 3. Collateral Available Funds: $1,376,594.37 a. Excess Spread: $1,376,594.37 4. Total Excess Spread: $10,130,431.71 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2002-3 Allocable Principal Collections: $251,543,574.27 3. Principal Allocation Percentage of Series 2002-3 Allocable Principal Collections: $217,387,835.04 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $217,387,835.04 6. Shared Principal Collections from other Series allocated to Series 2002-3 N/A 7. Other amounts Treated as Available Principal Collections: $3,692,129.70 8. Available Principal Collections (total of 5., 6. & 7.): $221,079,964.73 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $87,400,000.00 2. Required Collateral Invested Amount: $87,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $221,079,964.73 - 79 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-3 1. Excess Spread: $10,130,431.71 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $295,370.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $164,603.33 9. Applied to unpaid Monthly Servicing Fee: $1,533,333.33 10. Collateral Default Amount treated as Available Principal Collections: $350,752.32 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,786,372.35 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9832% b. Prior Monthly Period 3.8210% c. Second Prior Monthly Period 3.4712% 2. Three Month Average Base Rate 3.7585% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8198% b. Prior Monthly Period 14.3255% c. Second Prior Monthly Period 13.4379% 4. Three Month Average Series Adjusted Portfolio Yield 13.8611% - 80 -
XVII. Series 2002-4 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 578,559,453.96 500,000,000.00 78,559,453.96 Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 9,107,638.54 7,870,961.64 1,236,676.90 Collections of Principal Receivables 136,708,464.28 118,145,562.52 18,562,901.76 Defaulted Amount 2,321,865.81 2,006,592.23 315,273.58 Ending Invested / Transferor Amounts 574,699,089.03 500,000,000.00 74,699,089.03 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8000% 2.0700% 2.2600% Monthly Interest Due 618,750.00 69,000.00 89,458.33 777,208.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 618,750.00 69,000.00 89,458.33 777,208.33 Investor Default Amount 1,655,438.59 160,527.38 190,626.26 2,006,592.23 Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33 Investor Additional Amounts Due Total Due 2,961,688.59 296,194.04 359,251.26 3,617,133.89 Reallocated Investor Finance Charge Collections 7,848,857.99 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.7576% Base Rate 3.9190% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00 Interest Distributions 618,750.00 69,000.00 89,458.33 777,208.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 618,750.00 69,000.00 89,458.33 777,208.33 Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00
- 81 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.50 2. Amount of the distribution in respect of Class A Monthly Interest: $1.50 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.73 2. Amount of the distribution in respect of class B monthly interest: $1.73 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 82 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $89,458.33 2. Amount distributed in respect of Collateral Monthly Interest: $89,458.33 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 83 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $6,475,307.85 a. Class A Monthly Interest: $618,750.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,655,438.59 e. Excess Spread: $4,201,119.26 2. Class B Available Funds: $627,908.64 a. Class B Monthly Interest: $69,000.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $558,908.64 3. Collateral Available Funds: $745,641.51 a. Excess Spread: $745,641.51 4. Total Excess Spread: $5,505,669.41 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2002-4 Allocable Principal Collections: $136,708,464.28 3. Principal Allocation Percentage of Series 2002-4 Allocable Principal Collections: $118,145,562.52 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $118,145,562.52 6. Shared Principal Collections from other Series allocated to Series 2002-4 N/A 7. Other amounts Treated as Available Principal Collections: $2,006,592.23 8. Available Principal Collections (total of 5., 6. & 7.): $120,152,154.75 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $47,500,000.00 2. Required Collateral Invested Amount: $47,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $120,152,154.75 - 84 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-4 1. Excess Spread: $5,505,669.41 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $160,527.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $89,458.33 9. Applied to unpaid Monthly Servicing Fee: $833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $190,626.26 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,231,724.10 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9190% b. Prior Monthly Period 3.7568% c. Second Prior Monthly Period 3.4070% 2. Three Month Average Base Rate 3.6942% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.7576% b. Prior Monthly Period 14.2613% c. Second Prior Monthly Period 13.3716% 4. Three Month Average Series Adjusted Portfolio Yield 13.7968% - 85 -
XVIII. Series 2002-5 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 694,271,344.75 600,000,000.00 94,271,344.75 Beginning Adjusted Invested Amount N/A 600,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 10,929,166.24 9,445,153.97 1,484,012.28 Collections of Principal Receivables 164,050,157.14 141,774,675.02 22,275,482.11 Defaulted Amount 2,786,238.97 2,407,910.67 378,328.30 Ending Invested / Transferor Amounts 689,638,906.84 600,000,000.00 89,638,906.84 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9300% 2.2100% 2.2600% Monthly Interest Due 796,125.00 88,400.00 107,350.00 991,875.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 796,125.00 88,400.00 107,350.00 991,875.00 Investor Default Amount 1,986,526.30 192,632.85 228,751.51 2,407,910.67 Investor Monthly Fees Due 825,000.00 80,000.00 95,000.00 1,000,000.00 Investor Additional Amounts Due Total Due 3,607,651.30 361,032.85 431,101.51 4,399,785.67 Reallocated Investor Finance Charge Collections 9,477,854.59 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8738% Base Rate 4.0391% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 495,000,000.00 48,000,000.00 57,000,000.00 600,000,000.00 Interest Distributions 796,125.00 88,400.00 107,350.00 991,875.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 796,125.00 88,400.00 107,350.00 991,875.00 Ending Certificates Balance 495,000,000.00 48,000,000.00 57,000,000.00 600,000,000.00
- 86 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.61 2. Amount of the distribution in respect of Class A Monthly Interest: $1.61 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.84 2. Amount of the distribution in respect of class B monthly interest: $1.84 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 87 - .. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $107,350.00 2. Amount distributed in respect of Collateral Monthly Interest: $107,350.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 88 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $7,819,230.04 a. Class A Monthly Interest: $796,125.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,986,526.30 e. Excess Spread: $5,036,578.74 2. Class B Available Funds: $758,228.37 a. Class B Monthly Interest: $88,400.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $669,828.37 3. Collateral Available Funds: $900,396.19 a. Excess Spread: $900,396.19 4. Total Excess Spread: $6,606,803.29 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2002-5 Allocable Principal Collections: $164,050,157.14 3. Principal Allocation Percentage of Series 2002-5 Allocable Principal Collections: $141,774,675.02 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $141,774,675.02 6. Shared Principal Collections from other Series allocated to Series 2002-5 N/A 7. Other amounts Treated as Available Principal Collections: $2,407,910.67 8. Available Principal Collections (total of 5., 6. & 7.): $144,182,585.70 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $57,000,000.00 2. Required Collateral Invested Amount: $57,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $144,182,585.70 - 89 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-5 1. Excess Spread: $6,606,803.29 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $192,632.85 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $107,350.00 9. Applied to unpaid Monthly Servicing Fee: $1,000,000.00 10. Collateral Default Amount treated as Available Principal Collections: $228,751.51 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $5,078,068.92 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0391% b. Prior Monthly Period 3.8769% c. Second Prior Monthly Period 3.5271% 2. Three Month Average Base Rate 3.8143% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8738% b. Prior Monthly Period 14.3814% c. Second Prior Monthly Period 13.4956% 4. Three Month Average Series Adjusted Portfolio Yield 13.9169% - 90 -
XIX. Series 2002-6 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 833,125,613.70 720,000,000.00 113,125,613.70 Beginning Adjusted Invested Amount N/A 720,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 13,114,999.49 11,334,184.76 1,780,814.73 Collections of Principal Receivables 196,860,188.56 170,129,610.03 26,730,578.53 Defaulted Amount 3,343,486.76 2,889,492.81 453,993.95 Ending Invested / Transferor Amounts 827,566,688.21 720,000,000.00 107,566,688.21 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ----------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9000% 2.2100% 2.2600% Monthly Interest Due 940,500.00 106,080.00 128,820.00 1,175,400.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 940,500.00 106,080.00 128,820.00 1,175,400.00 Investor Default Amount 2,383,831.56 231,159.42 274,501.82 2,889,492.81 Investor Monthly Fees Due 990,000.00 96,000.00 114,000.00 1,200,000.00 Investor Additional Amounts Due Total Due 4,314,331.56 433,239.42 517,321.82 5,264,892.81 Reallocated Investor Finance Charge Collections 11,358,575.51 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8495% Base Rate 4.0140% Excess Spread Percentage 10.1561% - ---------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 594,000,000.00 57,600,000.00 68,400,000.00 720,000,000.00 Interest Distributions 940,500.00 106,080.00 128,820.00 1,175,400.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 940,500.00 106,080.00 128,820.00 1,175,400.00 Ending Certificates Balance 594,000,000.00 57,600,000.00 68,400,000.00 720,000,000.00
- 91 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.58 2. Amount of the distribution in respect of Class A Monthly Interest: $1.58 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.84 2. Amount of the distribution in respect of class B monthly interest: $1.84 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 92 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $128,820.00 2. Amount distributed in respect of Collateral Monthly Interest: $128,820.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 93 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,370,824.80 a. Class A Monthly Interest: $940,500.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,383,831.56 e. Excess Spread: $6,046,493.23 2. Class B Available Funds: $908,686.04 a. Class B Monthly Interest: $106,080.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $802,606.04 3. Collateral Available Funds: $1,079,064.67 a. Excess Spread: $1,079,064.67 4. Total Excess Spread: $7,928,163.95 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2002-6 Allocable Principal Collections: $196,860,188.56 3. Principal Allocation Percentage of Series 2002-6 Allocable Principal Collections: $170,129,610.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $170,129,610.03 6. Shared Principal Collections from other Series allocated to Series 2002-6 N/A 7. Other amounts Treated as Available Principal Collections: $2,889,492.81 8. Available Principal Collections (total of 5., 6. & 7.): $173,019,102.84 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $68,400,000.00 2. Required Collateral Invested Amount: $68,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $173,019,102.84 - 94 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2002-6 1. Excess Spread: $7,928,163.95 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $231,159.42 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $128,820.00 9. Applied to unpaid Monthly Servicing Fee: $1,200,000.00 10. Collateral Default Amount treated as Available Principal Collections: $274,501.82 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,093,682.71 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0140% b. Prior Monthly Period 3.8518% c. Second Prior Monthly Period 3.5020% 2. Three Month Average Base Rate 3.7892% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8495% b. Prior Monthly Period 14.3563% c. Second Prior Monthly Period 13.4697% 4. Three Month Average Series Adjusted Portfolio Yield 13.8918% - 95 -
XX. Series 2003-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,064,549,395.29 920,000,000.00 144,549,395.29 Beginning Adjusted Invested Amount N/A 920,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 16,758,054.91 14,482,569.42 2,275,485.49 Collections of Principal Receivables 251,543,574.27 217,387,835.04 34,155,739.24 Defaulted Amount 4,272,233.08 3,692,129.70 580,103.39 Ending Invested / Transferor Amounts 1,057,446,323.82 920,000,000.00 137,446,323.82 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ----------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8700% 2.1600% 2.2600% Monthly Interest Due 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Investor Default Amount 3,046,007.00 295,370.38 350,752.32 3,692,129.70 Investor Monthly Fees Due 1,265,000.00 122,666.67 145,666.67 1,533,333.33 Investor Additional Amounts Due Total Due 5,493,782.00 550,517.04 661,022.32 6,705,321.36 Reallocated Investor Finance Charge Collections 14,491,693.71 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8213% Base Rate 3.9848% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00 Interest Distributions 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,182,775.00 132,480.00 164,603.33 1,479,858.33 Ending Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00
- 96 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.56 2. Amount of the distribution in respect of Class A Monthly Interest: $1.56 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.80 2. Amount of the distribution in respect of class B monthly interest: $1.80 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 97 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $164,603.33 2. Amount distributed in respect of Collateral Monthly Interest: $164,603.33 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 98 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $11,955,647.31 a. Class A Monthly Interest: $1,182,775.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,046,007.00 e. Excess Spread: $7,726,865.31 2. Class B Available Funds: $1,159,335.50 a. Class B Monthly Interest: $132,480.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,026,855.50 3. Collateral Available Funds: $1,376,710.90 a. Excess Spread: $1,376,710.90 4. Total Excess Spread: $10,130,431.71 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2003-1 Allocable Principal Collections: $251,543,574.27 3. Principal Allocation Percentage of Series 2003-1 Allocable Principal Collections: $217,387,835.04 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $217,387,835.04 6. Shared Principal Collections from other Series allocated to Series 2003-1 N/A 7. Other amounts Treated as Available Principal Collections: $3,692,129.70 8. Available Principal Collections (total of 5., 6. & 7.): $221,079,964.73 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $87,400,000.00 2. Required Collateral Invested Amount: $87,400,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $221,079,964.73 - 99 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-1 1. Excess Spread: $10,130,431.71 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $295,370.38 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $164,603.33 9. Applied to unpaid Monthly Servicing Fee: $1,533,333.33 10. Collateral Default Amount treated as Available Principal Collections: $350,752.32 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $7,786,372.35 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9848% b. Prior Monthly Period 3.8226% c. Second Prior Monthly Period 3.4728% 2. Three Month Average Base Rate 3.7601% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8213% b. Prior Monthly Period 14.3272% c. Second Prior Monthly Period 13.4396% 4. Three Month Average Series Adjusted Portfolio Yield 13.8627% - 100 -
XXI. Series 2003-2 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,272,830,798.71 1,100,000,000.00 172,830,798.71 Beginning Adjusted Invested Amount N/A 1,100,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 20,036,804.78 17,316,115.61 2,720,689.17 Collections of Principal Receivables 300,758,621.42 259,920,237.55 40,838,383.87 Defaulted Amount 5,108,104.77 4,414,502.90 693,601.87 Ending Invested / Transferor Amounts 1,264,337,995.88 1,100,000,000.00 164,337,995.88 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8700% 2.1300% 2.2600% Monthly Interest Due 1,414,187.50 156,200.00 196,808.33 1,767,195.83 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,414,187.50 156,200.00 196,808.33 1,767,195.83 Investor Default Amount 3,641,964.89 353,160.23 419,377.78 4,414,502.90 Investor Monthly Fees Due 1,512,500.00 146,666.67 174,166.67 1,833,333.33 Investor Additional Amounts Due Total Due 6,568,652.39 656,026.90 790,352.78 8,015,032.06 Reallocated Investor Finance Charge Collections 17,324,825.09 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8190% Base Rate 3.9824% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 907,500,000.00 88,000,000.00 104,500,000.00 1,100,000,000.00 Interest Distributions 1,414,187.50 156,200.00 196,808.33 1,767,195.83 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,414,187.50 156,200.00 196,808.33 1,767,195.83 Ending Certificates Balance 907,500,000.00 88,000,000.00 104,500,000.00 1,100,000,000.00
- 101 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.56 2. Amount of the distribution in respect of Class A Monthly Interest: $1.56 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.77 2. Amount of the distribution in respect of class B monthly interest: $1.77 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 102 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $196,808.33 2. Amount distributed in respect of Collateral Monthly Interest: $196,808.33 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 103 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $14,292,980.70 a. Class A Monthly Interest: $1,414,187.50 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,641,964.89 e. Excess Spread: $9,236,828.31 2. Class B Available Funds: $1,385,986.01 a. Class B Monthly Interest: $156,200.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,229,786.01 3. Collateral Available Funds: $1,645,858.38 a. Excess Spread: $1,645,858.38 4. Total Excess Spread: $12,112,472.70 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2003-2 Allocable Principal Collections: $300,758,621.42 3. Principal Allocation Percentage of Series 2003-2 Allocable Principal Collections: $259,920,237.55 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $259,920,237.55 6. Shared Principal Collections from other Series allocated to Series 2003-2 N/A 7. Other amounts Treated as Available Principal Collections: $4,414,502.90 8. Available Principal Collections (total of 5., 6. & 7.): $264,334,740.44 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $104,500,000.00 2. Required Collateral Invested Amount: $104,500,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $264,334,740.44 - 104 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-2 1. Excess Spread: $12,112,472.70 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $353,160.23 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $196,808.33 9. Applied to unpaid Monthly Servicing Fee: $1,833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $419,377.78 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $9,309,793.02 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9824% b. Prior Monthly Period 3.8202% c. Second Prior Monthly Period 3.4704% 2. Three Month Average Base Rate 3.7577% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8190% b. Prior Monthly Period 14.3247% c. Second Prior Monthly Period 13.4371% 4. Three Month Average Series Adjusted Portfolio Yield 13.8603% - 105 -
XXII. Series 2003-3 Certificates - ------------------------------------------------------------------------------------------------------------------------------------ Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 867,839,180.94 750,000,000.00 117,839,180.94 Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 13,661,457.80 11,806,442.46 1,855,015.35 Collections of Principal Receivables 205,062,696.42 177,218,343.78 27,844,352.64 Defaulted Amount 3,482,798.71 3,009,888.34 472,910.37 Ending Invested / Transferor Amounts 862,048,633.55 750,000,000.00 112,048,633.55 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8700% 2.1100% 2.2600% Monthly Interest Due 964,218.75 105,500.00 134,187.50 1,203,906.25 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 964,218.75 105,500.00 134,187.50 1,203,906.25 Investor Default Amount 2,483,157.88 240,791.07 285,939.39 3,009,888.34 Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00 Investor Additional Amounts Due Total Due 4,478,626.63 446,291.07 538,876.89 5,463,794.59 Reallocated Investor Finance Charge Collections 11,811,380.74 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8174% Base Rate 3.9808% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00 Interest Distributions 964,218.75 105,500.00 134,187.50 1,203,906.25 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 964,218.75 105,500.00 134,187.50 1,203,906.25 Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00
- 106 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.56 2. Amount of the distribution in respect of Class A Monthly Interest: $1.56 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.76 2. Amount of the distribution in respect of class B monthly interest: $1.76 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 107 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $134,187.50 2. Amount distributed in respect of Collateral Monthly Interest: $134,187.50 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 108 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $9,744,389.11 a. Class A Monthly Interest: $964,218.75 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections) $2,483,157.88 e. Excess Spread: $6,297,012.48 2. Class B Available Funds: $944,910.46 a. Class B Monthly Interest: $105,500.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $839,410.46 3. Collateral Available Funds: $1,122,081.17 a. Excess Spread: $1,122,081.17 4. Total Excess Spread: $8,258,504.11 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2003-3 Allocable Principal Collections: $205,062,696.42 3. Principal Allocation Percentage of Series 2003-3 Allocable Principal Collections: $177,218,343.78 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $177,218,343.78 6. Shared Principal Collections from other Series allocated to Series 2003-3 N/A 7. Other amounts Treated as Available Principal Collections: $3,009,888.34 8. Available Principal Collections (total of 5., 6. & 7.): $180,228,232.12 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $71,250,000.00 2. Required Collateral Invested Amount: $71,250,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $180,228,232.12 - 109 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-3 1. Excess Spread: $8,258,504.11 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $240,791.07 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $134,187.50 9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00 10. Collateral Default Amount treated as Available Principal Collections: $285,939.39 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $6,347,586.15 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9808% b. Prior Monthly Period 3.8186% c. Second Prior Monthly Period 3.4688% 2. Three Month Average Base Rate 3.7560% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8174% b. Prior Monthly Period 14.3231% c. Second Prior Monthly Period 13.4354% 4. Three Month Average Series Adjusted Portfolio Yield 13.8586% - 110 -
XXIII. Series 2003-4 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 786,840,857.39 680,000,000.00 106,840,857.39 Beginning Adjusted Invested Amount N/A 680,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 12,386,388.41 10,704,507.83 1,681,880.58 Collections of Principal Receivables 185,923,511.42 160,677,965.03 25,245,546.39 Defaulted Amount 3,157,737.49 2,728,965.43 428,772.07 Ending Invested / Transferor Amounts 781,590,761.09 680,000,000.00 101,590,761.09 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.6900% 1.9000% 2.6600% Monthly Interest Due 828,381.67 64,600.00 113,050.00 1,006,031.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 828,381.67 64,600.00 113,050.00 1,006,031.67 Investor Default Amount 2,360,555.09 163,737.93 204,672.41 2,728,965.43 Investor Monthly Fees Due 980,333.33 68,000.00 85,000.00 1,133,333.33 Investor Additional Amounts Due Total Due 4,169,270.09 296,337.93 402,722.41 4,868,330.43 Reallocated Investor Finance Charge Collections 9,340,734.47 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 11.4483% Base Rate 3.8278% Excess Spread Percentage 7.8925% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 588,200,000.00 40,800,000.00 51,000,000.00 680,000,000.00 Interest Distributions 828,381.67 64,600.00 113,050.00 1,006,031.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 828,381.67 64,600.00 113,050.00 1,006,031.67 Ending Certificates Balance 588,200,000.00 40,800,000.00 51,000,000.00 680,000,000.00
- 111 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.41 2. Amount of the distribution in respect of Class A Monthly Interest: $1.41 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.58 2. Amount of the distribution in respect of class B monthly interest: $1.58 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 112 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $113,050.00 2. Amount distributed in respect of Collateral Monthly Interest: $113,050.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 113 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $8,079,735.32 a. Class A Monthly Interest: $828,381.67 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,360,555.09 e. Excess Spread: $4,890,798.56 2. Class B Available Funds: $560,444.07 a. Class B Monthly Interest: $64,600.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $495,844.07 3. Collateral Available Funds: $700,555.09 a. Excess Spread: $700,555.09 4. Total Excess Spread: $6,087,197.71 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2003-4 Allocable Principal Collections: $185,923,511.42 3. Principal Allocation Percentage of Series 2003-4 Allocable Principal Collections: $160,677,965.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $160,677,965.03 6. Shared Principal Collections from other Series allocated to Series 2003-4: N/A 7. Other amounts Treated as Available Principal Collections: $2,728,965.43 8. Available Principal Collections (total of 5., 6. & 7.): $163,406,930.46 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $51,000,000.00 2. Required Collateral Invested Amount: $51,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $163,406,930.46 - 114 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2003-4 1. Excess Spread: $6,087,197.71 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $163,737.93 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $113,050.00 9. Applied to unpaid Monthly Servicing Fee: $1,133,333.33 10. Collateral Default Amount treated as Available Principal Collections: $204,672.41 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 13. Applied to other amounts owed to Collateral Interest Holder: $0.00 l4. Balance: $4,472,404.04 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.8278% b. Prior Monthly Period 3.8156% c. Second Prior Monthly Period 3.5723% 2. Three Month Average Base Rate 3.7386% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 11.4483% b. Prior Monthly Period 11.8865% c. Second Prior Monthly Period 11.1005% 4. Three Month Average Series Adjusted Portfolio Yield 11.4784% - 115 -
XXIV. Series 2004-1 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 925,695,126.34 800,000,000.00 125,695,126.34 Beginning Adjusted Invested Amount N/A 800,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 14,572,221.66 12,593,538.62 1,978,683.04 Collections of Principal Receivables 218,733,542.85 189,032,900.03 29,700,642.81 Defaulted Amount 3,714,985.29 3,210,547.56 504,437.73 Ending Invested / Transferor Amounts 919,518,542.45 800,000,000.00 119,518,542.45 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8400% 2.0100% 2.3100% Monthly Interest Due 1,024,266.67 100,500.00 138,600.00 1,263,366.67 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,024,266.67 100,500.00 138,600.00 1,263,366.67 Investor Default Amount 2,680,807.21 240,791.07 288,949.28 3,210,547.56 Investor Monthly Fees Due 1,113,333.33 100,000.00 120,000.00 1,333,333.33 Investor Additional Amounts Due Total Due 4,818,407.21 441,291.07 547,549.28 5,807,247.56 Reallocated Investor Finance Charge Collections 12,578,006.13 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.7868% Base Rate 3.9492% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 668,000,000.00 60,000,000.00 72,000,000.00 800,000,000.00 Interest Distributions 1,024,266.67 100,500.00 138,600.00 1,263,366.67 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,024,266.67 100,500.00 138,600.00 1,263,366.67 Ending Certificates Balance 668,000,000.00 60,000,000.00 72,000,000.00 800,000,000.00
- 116 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.53 2. Amount of the distribution in respect of Class A Monthly Interest: $1.53 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.67 2. Amount of the distribution in respect of class B monthly interest: $1.67 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 117 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $6,909,358.56 2. Amount distributed in respect of Collateral Monthly Interest: $138,600.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $6,770,758.56 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 118 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $10,502,635.11 a. Class A Monthly Interest: $1,024,266.67 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,680,807.21 e. Excess Spread: $6,797,561.23 2. Class B Available Funds: $943,350.46 a. Class B Monthly Interest: $100,500.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $842,850.46 3. Collateral Available Funds: $1,132,020.55 a. Excess Spread: $1,132,020.55 4. Total Excess Spread: $8,772,432.24 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2004-1 Allocable Principal Collections: $218,733,542.85 3. Principal Allocation Percentage of Series 2004-1 Allocable Principal Collections: $189,032,900.03 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $189,032,900.03 6. Shared Principal Collections from other Series allocated to Series 2004-1: N/A 7. Other amounts Treated as Available Principal Collections: $3,210,547.56 8. Available Principal Collections (total of 5., 6. & 7.): $192,243,447.59 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $72,000,000.00 2. Required Collateral Invested Amount: $72,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $192,243,447.59 - 119 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-1 1. Excess Spread: $8,772,432.24 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $240,791.07 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $138,600.00 9. Applied to unpaid Monthly Servicing Fee: $1,333,333.33 10. Collateral Default Amount treated as Available Principal Collections: $288,949.28 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $6,770,758.56 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9491% b. Prior Monthly Period 3.7869% c. Second Prior Monthly Period 3.4371% 2. Three Month Average Base Rate 3.7244% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.7868% b. Prior Monthly Period 14.2915% c. Second Prior Monthly Period 13.4028% 4. Three Month Average Series Adjusted Portfolio Yield 13.8270% - 120 -
XXV. Series 2004-2 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 462,847,563.17 400,000,000.00 62,847,563.17 Beginning Adjusted Invested Amount N/A 400,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 7,286,110.83 6,296,769.31 989,341.52 Collections of Principal Receivables 109,366,771.42 94,516,450.02 14,850,321.41 Defaulted Amount 1,857,492.64 1,605,273.78 252,218.86 Ending Invested / Transferor Amounts 459,759,271.23 400,000,000.00 59,759,271.23 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9300% 2.1300% 2.4300% Monthly Interest Due 537,183.33 53,250.00 72,900.00 663,333.33 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 537,183.33 53,250.00 72,900.00 663,333.33 Investor Default Amount 1,340,403.61 120,395.53 144,474.64 1,605,273.78 Investor Monthly Fees Due 556,666.67 50,000.00 60,000.00 666,666.67 Investor Additional Amounts Due Total Due 2,434,253.61 223,645.53 277,374.64 2,935,273.78 Reallocated Investor Finance Charge Collections 6,320,653.06 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8800% Base Rate 4.0454% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 334,000,000.00 30,000,000.00 36,000,000.00 400,000,000.00 Interest Distributions 537,183.33 53,250.00 72,900.00 663,333.33 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 537,183.33 53,250.00 72,900.00 663,333.33 Ending Certificates Balance 334,000,000.00 30,000,000.00 36,000,000.00 400,000,000.00
- 121 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.61 2. Amount of the distribution in respect of Class A Monthly Interest: $1.61 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.77 2. Amount of the distribution in respect of class B monthly interest: $1.77 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 122 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $3,458,279.28 2. Amount distributed in respect of Collateral Monthly Interest: $72,900.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $3,385,379.28 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 123 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $5,277,745.31 a. Class A Monthly Interest: $537,183.33 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $1,340,403.61 e. Excess Spread: $3,400,158.37 2. Class B Available Funds: $474,048.98 a. Class B Monthly Interest: $53,250.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $420,798.98 3. Collateral Available Funds: $568,858.78 a. Excess Spread: $568,858.78 4. Total Excess Spread: $4,389,816.12 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2004-2 Allocable Principal Collections: $109,366,771.42 3. Principal Allocation Percentage of Series 2004-2 Allocable Principal Collections: $94,516,450.02 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $94,516,450.02 6. Shared Principal Collections from other Series allocated to Series 2004-2: N/A 7. Other amounts Treated as Available Principal Collections: $1,605,273.78 8. Available Principal Collections (total of 5., 6. & 7.): $96,121,723.80 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $36,000,000.00 2. Required Collateral Invested Amount: $36,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $96,121,723.80 - 124 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-2 1. Excess Spread: $4,389,816.12 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $120,395.53 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $72,900.00 9. Applied to unpaid Monthly Servicing Fee: $666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $144,474.64 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $3,385,379.28 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0454% b. Prior Monthly Period 3.8832% c. Second Prior Monthly Period 3.5334% 2. Three Month Average Base Rate 3.8207% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8799% b. Prior Monthly Period 14.3877% c. Second Prior Monthly Period 13.5021% 4. Three Month Average Series Adjusted Portfolio Yield 13.9233% - 125 -
XXVI. Series 2004-3 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- ------------- ----------- Beginning Invested /Transferor Amount 694,271,344.75 600,000,000.00 94,271,344.75 Beginning Adjusted Invested Amount N/A 600,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 10,929,166.24 9,445,153.97 1,484,012.28 Collections of Principal Receivables 164,050,157.14 141,774,675.02 22,275,482.11 Defaulted Amount 2,786,238.97 2,407,910.67 378,328.30 Ending Invested / Transferor Amounts 689,638,906.84 600,000,000.00 89,638,906.84 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ----------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 4.3500% 4.5500% 2.2300% Monthly Interest Due 1,892,250.00 113,750.00 89,200.00 2,095,200.00 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,892,250.00 113,750.00 89,200.00 2,095,200.00 Investor Default Amount 2,094,882.28 120,395.53 192,632.85 2,407,910.67 Investor Monthly Fees Due 870,000.00 50,000.00 80,000.00 1,000,000.00 Investor Additional Amounts Due Total Due 4,857,132.28 284,145.53 361,832.85 5,503,110.67 Reallocated Investor Finance Charge Collections 9,449,349.53 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.8179% Base Rate 6.2764% Excess Spread Percentage 7.8925% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 522,000,000.00 30,000,000.00 48,000,000.00 600,000,000.00 Interest Distributions 1,892,250.00 113,750.00 89,200.00 2,095,200.00 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,892,250.00 113,750.00 89,200.00 2,095,200.00 Ending Certificates Balance 522,000,000.00 30,000,000.00 48,000,000.00 600,000,000.00
- 126 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $3.62 2. Amount of the distribution in respect of Class A Monthly Interest: $3.62 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $3.79 2. Amount of the distribution in respect of class B monthly interest: $3.79 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 127 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $4,035,438.86 2. Amount distributed in respect of Collateral Monthly Interest: $89,200.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $3,946,238.86 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 128 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $8,220,934.09 a. Class A Monthly Interest: $1,892,250.00 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $2,094,882.28 e. Excess Spread: $4,233,801.81 2. Class B Available Funds: $472,467.48 a. Class B Monthly Interest: $113,750.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $358,717.48 3. Collateral Available Funds: $755,947.96 a. Excess Spread: $755,947.96 4. Total Excess Spread: $5,348,467.25 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2004-3 Allocable Principal Collections: $164,050,157.14 3. Principal Allocation Percentage of Series 2004-3 Allocable Principal Collections: $141,774,675.02 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $141,774,675.02 6. Shared Principal Collections from other Series allocated to Series 2004-3: N/A 7. Other amounts Treated as Available Principal Collections: $2,407,910.67 8. Available Principal Collections (total of 5., 6. & 7.): $144,182,585.70 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $48,000,000.00 2. Required Collateral Invested Amount: $48,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $144,182,585.70 - 129 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-3 1. Excess Spread: $5,348,467.25 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $120,395.53 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $89,200.00 9. Applied to unpaid Monthly Servicing Fee: $1,000,000.00 10. Collateral Default Amount treated as Available Principal Collections: $192,632.85 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $3,946,238.86 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 6.2764% b. Prior Monthly Period 6.2634% c. Second Prior Monthly Period 5.8646% 2. Three Month Average Base Rate 6.1348% 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.8179% b. Prior Monthly Period 14.3343% c. Second Prior Monthly Period 13.4667% 4. Three Month Average Series Adjusted Portfolio Yield 13.8730% - 130 -
XXVII. Series 2004-4 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,272,830,798.71 1,100,000,000.00 172,830,798.71 Beginning Adjusted Invested Amount N/A 1,100,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 20,036,804.78 17,316,115.61 2,720,689.17 Collections of Principal Receivables 300,758,621.42 259,920,237.55 40,838,383.87 Defaulted Amount 5,108,104.77 4,414,502.90 693,601.87 Ending Invested / Transferor Amounts 1,264,337,995.88 1,100,000,000.00 164,337,995.88 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.8500% 2.0400% 2.2300% Monthly Interest Due 1,416,020.83 140,250.00 183,975.00 1,740,245.83 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 1,416,020.83 140,250.00 183,975.00 1,740,245.83 Investor Default Amount 3,686,109.92 331,087.72 397,305.26 4,414,502.90 Investor Monthly Fees Due 1,530,833.33 137,500.00 165,000.00 1,833,333.33 Investor Additional Amounts Due Total Due 6,632,964.09 608,837.72 746,280.26 7,988,082.06 Reallocated Investor Finance Charge Collections 17,297,875.09 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.7901% Base Rate 3.9526% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ---------- ----- Beginning Certificates Balance 918,500,000.00 82,500,000.00 99,000,000.00 1,100,000,000.00 Interest Distributions 1,416,020.83 140,250.00 183,975.00 1,740,245.83 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 1,416,020.83 140,250.00 183,975.00 1,740,245.83 Ending Certificates Balance 918,500,000.00 82,500,000.00 99,000,000.00 1,100,000,000.00
- 131 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.54 2. Amount of the distribution in respect of Class A Monthly Interest: $1.54 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.70 2. Amount of the distribution in respect of class B monthly interest: $1.70 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 132 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $9,493,768.02 2. Amount distributed in respect of Collateral Monthly Interest: $183,975.00 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $9,309,793.02 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 133 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $14,443,725.70 a. Class A Monthly Interest: $1,416,020.83 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,686,109.92 e. Excess Spread: $9,341,594.95 2. Class B Available Funds: $1,297,340.63 a. Class B Monthly Interest: $140,250.00 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,157,090.63 3. Collateral Available Funds: $1,556,808.76 a. Excess Spread: $1,556,808.76 4. Total Excess Spread: $12,055,494.34 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2004-4 Allocable Principal Collections: $300,758,621.42 3. Principal Allocation Percentage of Series 2004-4 Allocable Principal Collections: $259,920,237.55 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $259,920,237.55 6. Shared Principal Collections from other Series allocated to Series 2004-4: N/A 7. Other amounts Treated as Available Principal Collections: $4,414,502.90 8. Available Principal Collections (total of 5., 6. & 7.): $264,334,740.44 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $99,000,000.00 2. Required Collateral Invested Amount: $99,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $264,334,740.44 - 134 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-4 1. Excess Spread: $12,055,494.34 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $331,087.72 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $183,975.00 9. Applied to unpaid Monthly Servicing Fee: $1,833,333.33 10. Collateral Default Amount treated as Available Principal Collections: $397,305.26 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $9,309,793.02 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 3.9526% b. Prior Monthly Period 3.7904% c. Second Prior Monthly Period N/A 2. Three Month Average Base Rate N/A 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.7901% b. Prior Monthly Period 14.2362% c. Second Prior Monthly Period N/A 4. Three Month Average Series Adjusted Portfolio Yield N/A - 135 -
XXVIII. Series 2004-5 Certificates - ----------------------------------------------------------------------------------------------------------------------------------- Series Total Investor Transferors A. Investor/Transferor Allocations Allocations Interest Interest - ---------------------------------- ----------- -------------- ----------- Beginning Invested /Transferor Amount 1,157,118,907.92 1,000,000,000.00 157,118,907.92 Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A Floating Allocation Percentage N/A 86.4215% 13.5785% Principal Allocation Percentage N/A 86.4215% 13.5785% Collections of Finance Chg. Receivables 18,215,277.07 15,741,923.28 2,473,353.79 Collections of Principal Receivables 273,416,928.56 236,291,125.04 37,125,803.52 Defaulted Amount 4,643,731.61 4,013,184.45 630,547.16 Ending Invested / Transferor Amounts 1,149,398,178.07 1,000,000,000.00 149,398,178.07 - ----------------------------------------------------------------------------------------------------------------------------------- Collateral B. Monthly Period Funding Requirements Class A Class B Interest Total - -------------------------------------- ------- ------- ---------- ----- Principal Funding Account 0.00 0.00 0.00 0.00 Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00 Reserve Draw Amount 0.00 0.00 0.00 0.00 Available Reserve Account Amount 0.00 0.00 0.00 0.00 Reserve Account Surplus 0.00 0.00 0.00 0.00 Coupon September 15, 2004 to October 14, 2004 1.9225% 2.0825% 2.2925% Monthly Interest Due 981,009.03 95,447.92 126,087.50 1,202,544.44 Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00 Additional Interest Due 0.00 0.00 0.00 0.00 Total Interest Due 981,009.03 95,447.92 126,087.50 1,202,544.44 Investor Default Amount 3,351,009.02 300,988.83 361,186.60 4,013,184.45 Investor Monthly Fees Due 1,391,666.67 125,000.00 150,000.00 1,666,666.67 Investor Additional Amounts Due Total Due 5,723,684.71 521,436.75 637,274.10 6,882,395.56 Reallocated Investor Finance Charge Collections 15,345,843.77 Interest and Principal Funding Investment Proceeds 0.00 Interest on Reserve Account 0.00 Series Adjusted Portfolio Yield 13.3433% Base Rate 4.0229% Excess Spread Percentage 10.1561% - ----------------------------------------------------------------------------------------------------------------------------------- Collateral C. Certificates - Balances and Distributions Class A Class B Interest Total - -------------------------------------------- ------- ------- ----------- ----- Beginning Certificates Balance 835,000,000.00 75,000,000.00 90,000,000.00 1,000,000,000.00 Interest Distributions 981,009.03 95,447.92 126,087.50 1,202,544.44 Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00 Principal Distributions 0.00 0.00 0.00 0.00 Total Distributions 981,009.03 95,447.92 126,087.50 1,202,544.44 Ending Certificates Balance 835,000,000.00 75,000,000.00 90,000,000.00 1,000,000,000.00
- 136 - D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount. 1. Total amount of the distribution: $1.17 2. Amount of the distribution in respect of Class A Monthly Interest: $1.17 3. Amount of the distribution in respect of Class A Outstanding Monthly Interest: $0.00 4. Amount of the distribution in respect of Class A Additional Interest: $0.00 5. Amount of the distribution in respect of Class A Principal: $0.00 E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. 1. Total amount of Class A Investor Charge-Offs: $0.00 2. Amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount: $0.00 3. Total amount reimbursed in respect of Class A Investor Charge-Offs: $0.00 4. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. 1. The total amount of the distribution: $1.27 2. Amount of the distribution in respect of class B monthly interest: $1.27 3. Amount of the distribution in respect of class B outstanding monthly interest: $0.00 4. Amount of the distribution in respect of class B additional interest: $0.00 5. Amount of the distribution in respect of class B principal: $0.00 - 137 - G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date. 1. The amount of reductions in Class B Invested Amount pursuant to clauses c), (d), and (e) of the definition of Class B Invested Amount: $0.00 2. The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: $0.00 3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount: $0.00 4. The amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: $0.00 5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: $0.00 H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder. 1. Total amount distributed to the Collateral Interest Holder: $8,589,535.70 2. Amount distributed in respect of Collateral Monthly Interest: $126,087.50 3. Amount distributed in respect of Collateral Additional Interest: $0.00 4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: $0.00 5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread: $8,463,448.20 I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount. 1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount: $0.00 2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount: $0.00 - 138 - J. Application of Reallocated Investor Finance Charge Collections. 1. Class A Available Funds: $12,813,779.55 a. Class A Monthly Interest: $981,009.03 b. Class A Outstanding Monthly Interest: $0.00 c. Class A Additional Interest: $0.00 d. Class A Investor Default Amount (Treated as Available Principal Collections): $3,351,009.02 e. Excess Spread: $8,481,761.50 2. Class B Available Funds: $1,150,938.28 a. Class B Monthly Interest: $95,447.92 b. Class B Outstanding Monthly Interest: $0.00 c. Class B Additional Interest: $0.00 d. Excess Spread: $1,055,490.37 3. Collateral Available Funds: $1,381,125.94 a. Excess Spread: $1,381,125.94 4. Total Excess Spread: $10,918,377.81 K. Reallocated Principal Collections. 1. Principal Allocation Percentage: 86.4215% 2. Series 2004-5 Allocable Principal Collections: $273,416,928.56 3. Principal Allocation Percentage of Series 2004-5 Allocable Principal Collections: $236,291,125.04 4. Reallocated Principal Collections Required to fund the Required Amount: $0.00 5. Item 3 minus item 4: $236,291,125.04 6. Shared Principal Collections from other Series allocated to Series 2004-5: N/A 7. Other amounts Treated as Available Principal Collections: $4,013,184.45 8. Available Principal Collections (total of 5., 6. & 7.): $240,304,309.49 L. Application of Available Principal Collections during Revolving Period. 1. Collateral Invested Amount: $90,000,000.00 2. Required Collateral Invested Amount: $90,000,000.00 3. Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4. Treated as Shared Principal Collections: $240,304,309.49 - 139 - M. Application of Principal Collections During Accumulation or Amortization Period. 1. Principal Funding Account: N/A 2. Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3. Principal Distribution: N/A 4. Treated as Shared Principal Collections: N/A N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-5 1. Excess Spread: $10,918,377.81 2. Excess Finance Charge Collections: $0.00 3. Applied to fund Class A Required Amount: $0.00 4. Class A Investor Charge-Offs treated as Available Principal Collections: $0.00 5. Applied to fund Class B overdue Interest: $0.00 6. Applied to fund Class B Required Amount: $300,988.83 7. Reduction of Class B Invested Amount treated as Available Principal Collections: $0.00 8. Applied to Collateral Monthly Interest: $126,087.50 9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67 10. Collateral Default Amount treated as Available Principal Collections: $361,186.60 11. Reduction of Collateral Invested Amount treated as Available Principal Collections: $0.00 12. Deposited to Reserve Account: $0.00 l3. Remaining Excess Spread Distributed to Collateral Interest Holder: $8,463,448.20 O. Yield and Base Rate 1. Base Rate a. Current Monthly Period 4.0229% b. Prior Monthly Period N/A c. Second Prior Monthly Period N/A 2. Three Month Average Base Rate N/A 3. Series Adjusted Portfolio Yield a. Current Monthly Period 13.3433% b. Prior Monthly Period N/A c. Second Prior Monthly Period N/A 4. Three Month Average Series Adjusted Portfolio Yield N/A - 140 - -----END PRIVACY-ENHANCED MESSAGE-----