EX-20 2 k04527a1exv20.htm RESTATED MONTHLY SERVICING REPORT FOR THE NOVEMBER 2005 COLLECTION PERIOD exv20
 

EXHIBIT 20

Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
November 2005
Distribution Date: 12/15/05

           
 
        
Original Inputs
        
 
        
Total Pool Balance
   $ 3,313,888,879.69  
 
        
Class A-1 Notes Balance
   $ 550,000,000.00  
Class A-1 Notes Rate
   One Month LIBOR + 0.01 %
 
        
Class A-2a Notes Balance
   $ 450,000,000.00  
Class A-2a Notes Rate
   One Month LIBOR + 0.04 %
 
        
Class A-2b Notes Balance
   $ 250,000,000.00  
Class A-2b Notes Rate
     3.730 %
 
        
Class A-3 Notes Balance
   $ 600,000,000.00  
Class A-3 Notes Rate
   One Month LIBOR + 0.06 %
 
        
Class A-4 Notes Balance
   $ 760,000,000.00  
Class A-4 Notes Rate
     4.050 %
 
        
Class A-5 Notes Balance
   $ 229,825,000.00  
Class A-5 Notes Rate
   One Month LIBOR + 0.10 %
 
        
Class B Notes Balance
   $ 122,803,000.00  
Class B Notes Rate
   One Month LIBOR + 0.375 %
 
        
Class C Notes Balance
   $ 46,051,000.00  
Class C Notes Rate
     4.730 %
 
        
Class D Notes Balance
   $ 30,701,000.00  
Class D Notes Rate
     6.500 %
 
        
Overcollateralization
   $ 30,701,224.17  
 
        
Reserve Account Deposit
   $ 15,350,406.12  
 
        
Discount Rate
     7.50 %
 
        
Part I. Collections
        
Receipts During the Period
   $ 101,627,061.27  
Principal on Repurchased Contracts
     2,936,601.11  
Liquidation Proceeds (Recoveries) 1,728,930.73
Schedule and Simple Interest Payments Advanced
     440,135.35  
Schedule Principal Advanced
     1,183,496.42  
 
  
 		  
Total Collections Available For the Period
   $ 107,916,224.88  
 
  
 		  
 
        
Beginning Pool Aggregate Principal Balance
   $ 2,620,732,835.38  
Ending Pool Aggregate Principal Balance
   $ 2,520,283,656.76  
 
        
Scheduled Principal Collection
   $ 84,756,242.61  
 
        
Beginning Aggregate Discounted Principal Balance
   $ 2,443,232,363.90  
Ending Aggregate Discounted Principal Balance
   $ 2,352,572,535.66  
 
        
Part II. Distributions to Noteholders and Certificateholders
        
Total Collections
   $ 107,916,224.88  
Plus: Reserve Account Draw
     —  
Plus: Net Amount Due From Swap Counterparty
     315,601.65  
Less: Total Servicing Fee
     4,367,888.06  
Less: Net Amount Due to Swap Counterparty
     —  
Less: Monthly Interest Due to Noteholders
     8,351,541.04  
Less: Principal Due to Noteholders
     90,659,828.24  
Less: Reserve Account Deposit
     —  
Less: Accumulation Account Deposit
     —  
 
  
 		  
Equals Reserve Fund Excess to be released to CARI
   $ 4,852,569.19  
 
  
 		  

Page 1

 

Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
November 2005
Distribution Date: 12/15/05

                 
            Per $1000 of
            Original Principal
Class A-1 Notes Distributable Amount
               
Monthly Interest
   $ —       —  
Monthly Principal
     —       —  
 
    
 		          
Distributable Amount
   $ —          
 
    
 		          
Class A-2a Notes Distributable Amount
                
Monthly Interest
   $ 1,388,736.83       3.086082  
Monthly Principal
     58,281,318.15       129.514040  
 
    
 		          
Distributable Amount
   $ 59,670,054.98          
 
    
 		          
Class A-2b Notes Distributable Amount
                
Monthly Interest   $ 691,771.95       2.767088  
Monthly Principal
     32,378,510.09       129.514040  
 
    
 		          
Distributable Amount
   $ 33,070,282.04          
 
    
 		          
Class A-3 Notes Distributable Amount
                
Monthly Interest
   $ 2,090,000.00       3.483333  
Monthly Principal
     —       —  
 
    
 		          
Distributable Amount
   $ 2,090,000.00          
 
    
 		          
Class A-4 Notes Distributable Amount
                
Monthly Interest
   $ 2,565,000.00       3.375000  
Monthly Principal
     —       —  
 
    
 		          
Distributable Amount
   $ 2,565,000.00          
 
    
 		          
Class A-5 Notes Distributable Amount
                
Monthly Interest
   $ 808,217.92       1.063445  
Monthly Principal
     —       —  
 
    
 		          
Distributable Amount
   $ 808,217.92          
 
    
 		          
Class B Notes Distributable Amount
                
Monthly Interest
   $ 459,999.57       3.745833  
Monthly Principal
     —       —  
 
    
 		          
Distributable Amount
   $ 459,999.57          
 
    
 		          
Class C Notes Distributable Amount
                
Monthly Interest
   $ 181,517.69       3.941667  
Monthly Principal
     —       —  
 
    
 		          
Distributable Amount
   $ 181,517.69          
 
    
 		          
Class D Notes Distributable Amount
                
Monthly Interest
   $ 166,297.08       5.416667  
Monthly Principal
     —       —  
 
    
 		          
Distributable Amount
   $ 166,297.08          
 
    
 		          
Total Servicing Fee
   $ 4,367,888.06       1.318055  
 
                
LIBOR Rate effective for current distribution Period
   4.12 %        

Page 2

 

Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
November 2005
Distribution Date: 12/15/05

                 
Part III. Payment Ahead and Advances
                
 
                
Payment Ahead Servicing Account
                
Beginning Payment Ahead Balance
   $ 5,866,855.56          
Less: Payments Applied
     1,538,385.70          
Current Period Payments Ahead Received
     1,099,562.13          
 
  
 		          
Ending Payment Ahead Balance
   $ 5,428,031.99          
 
  
 		          
 
                
Advance Account
                
Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances
   $ 2,931,591.13          
Beginning Outstanding Unreimbursed Simple Interest Advances
     1,718,824.93          
Scheduled Principal and Interest Advances
     1,393,573.80          
Simple Interest Advances
     230,057.97          
Reimbursement of Previous Scheduled Principal and Interest Advances
     937,014.49          
Reimbursement of Previous Simple Interest Advances
     —          
 
                
Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances
   $ 3,388,150.44          
Ending Outstanding Unreimbursed Simple Interest Advances
   $ 1,948,882.90          
 
                
Part IV. Balances & Principal Factors
                
    Beginning of Period     End of Period  
 
                
Total Pool Balance
   $ 2,620,732,835.38     $ 2,520,283,656.76  
Total Pool Factor
     0.7908330       0.7605215  
Class A-1 Notes Balance
   $ —     $ —  
Class A-1 Notes Principal Factor
     —       —  
Class A-2a Notes Balance
   $ 400,597,161.26     $ 342,315,843.11  
Class A-2a Notes Principal Factor
     0.8902159       0.7607019  
Class A-2b Notes Balance
   $ 222,553,978.48     $ 190,175,468.39  
Class A-2b Notes Principal Factor
     0.8902159       0.7607019  
Class A-3 Notes Balance
   $ 600,000,000.00     $ 600,000,000.00  
Class A-3 Notes Principal Factor
     1.0000000       1.0000000  
Class A-4 Notes Balance
   $ 760,000,000.00     $ 760,000,000.00  
Class A-4 Notes Principal Factor
     1.0000000       1.0000000  
Class A-5 Notes Balance
   $ 229,825,000.00     $ 229,825,000.00  
Class A-5 Notes Principal Factor
     1.0000000       1.0000000  
Class B Notes Balance
   $ 122,803,000.00     $ 122,803,000.00  
Class B Notes Principal Factor
     1.0000000       1.0000000  
Class C Notes Balance
   $ 46,051,000.00     $ 46,051,000.00  
Class C Notes Principal Factor
     1.0000000       1.0000000  
Class D Notes Balance
   $ 30,701,000.00     $ 30,701,000.00  
Class D Notes Principal Factor
     1.0000000       1.0000000  
                         
Pool Statistics
   Inception     Beg of Period     End of Period
 
                  
Number of Accounts
              189,292                169,160                 165,693
Weighted Average Coupon
         4.24 %   4.04 %     4.02 %
Weighted Average Remaining Term
   47.87     42.75       41.96
Weighted Average Age
     12.75       17.87       18.66
 
                        

Page 3

 

Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
November 2005
Distribution Date: 12/15/05


Part V. Reserve Account

                         
                    Per $1000 of  
                    Original Principal  
Beginning Reserve Account Balance
           $ 15,350,406.12          
Draw for Servicing Fee
             —       —  
Draw for Class A-1a Notes Distributable Amount
             —       —  
Draw for Class A-1b Notes Distributable Amount
             —       —  
Draw for Class A-2 Notes Distributable Amount
             —       —  
Draw for Class A-3 Notes Distributable Amount
             —       —  
Draw for Class A-4 Notes Distributable Amount
             —       —  
Draw for Class B Notes Distributable Amount
             —       —  
Draw for Class C Notes Distributable Amount
             —       —  
Draw for Class D Notes Distributable Amount
             —       —  
Additions to Reserve Account (for Accumulation Account)
             —       —  
Additions to Reserve Account
             —       —  
Releases from Reserve Account
             —       —  
 
          
 		          
Ending Reserve Account Balance
           $ 15,350,406.12          
 
          
 		          
 
                        
Early Amortization Trigger:
                        
Reserve Account Balance is less than the Specified Reserve Account Balance for Two Consecutive Months
      
 
                        
Preceding Collection Period
                       
Specified Reserve Account Balance
           $ 15,350,406.12          
Reserve Account Balance
           $ 15,350,406.12          
 
                        
Current Collection Period
                        
Specified Reserve Account Balance
           $ 15,350,406.12          
Reserve Account Balance
           $ 15,350,406.12          
 
                        
Part VI. Carryover Shortfall
                        
                    Per $1000 of  
                    Original Principal  
 
                        
Noteholders’ Interest Carryover Shortfall
           $ —       —  
Noteholders’ Principal Carryover Shortfall
           $ —       —  
 
                        
Part VII. Charge Off and Delinquency Rates
                        
 
                        
Charge Off Rate
   Average Receivables     Net Charge-Offs     Loss Rate
 
                  
November 2005
   $ 2,570,508,246.07     $ 1,291,500.48       0.6029 %
October 2005
   $ 2,674,017,966.22     $ 955,441.68       0.4288 %
September 2005
   $ 2,782,587,827.89     $ 815,133.27       0.3515 %
Three Month Average Loss Rate
                     0.4611 %
 
                        
Delinquency Rate*
    Total Accounts       Accounts Over 60       % Delinquent
 
                  
November 2005
     165,693       698       0.4213 %
October 2005
     169,160       789       0.4664 %
September 2005
     173,080       724       0.4183 %
Three Month Average Delinquency Rate
                     0.4353 %

* Includes delinquencies on Hurricane accounts held in special handling. The delinquency detail on the Hurricane accounts only is as follows:
                         
Hurricane Accounts                        
November Accounts Over 60
             88          
                         
Delinquency Stratification
    Total Accounts       Total $      
 
                
31-60 days
              4,642     $      72,126,684.59                                      
61-90 days
     609     $ 9,796,693.89      
>90 days
     89     $ 1,641,953.40      

Page 4

 

Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
November 2005
Distribution Date: 12/15/05

Part VIII. Prepayment Rate

         
Month
   Prepayment Rate
1
     0.728%  
2
     1.980%  
3
     1.570%  
4
     1.811%  
5
     1.410%  
6
     1.330%  
7
     1.206%  

Page 5