Exhibit 13(a)
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ANNUAL SERVICER AND SETTLEMENT CERTIFICATE
DEALER NOTE MASTER TRUST
CLASS A, DEALER NOTE
ASSET BACKED CERTIFICATES
SERIES 1995-1
Under the Series 1995-1 Supplement dated as of June 8, 1995 (the "Supplement")
by and among Navistar Financial Corporation, ("NFC"), Navistar Financial
Securities Corporation ("NFSC") and The Bank of New York, as trustee (the
"Master Trust Trustee") to the Pooling and Serving Agreement dated as of June 8,
1995 (as amended and supplemented, the "Agreement") by and among NFC, NFSC, the
Master Trust Trustee and The Chase Manhattan Bank, as 1990 Trust Trustee, the
Master Trust Trustee is required to prepare certain information each month
regarding current distributions to certain accounts and payments to Series
1995-1 Certificateholders as well as the performance of the Master Trust during
the previous month. An annual aggregation of such monthly reports for the period
November 1, 1998 through October 31, 1999 with respect to distributions and
performance of the Master Trust is set forth below in Section 3. The information
set forth in Section 4 below represents the monthly activity for Series 1995-1
for the period of March 1, 1999 through October 31, 1999. Certain of the
information is presented on the basis of an original principal amount of $1,000
per Investor Certificate. Certain other information is presented based on the
aggregate amounts for the Master Trust as a whole. Capitalized terms used but
not otherwise defined herein shall have the meanings assigned to such terms in
the Agreement and the Supplement.
1. NFC is Servicer under the Agreement.
2. The undersigned is a Servicing Officer
3. Master Trust Information for the period of November 1, 1998 through
October 31, 1999:
3.1 The amount of the Advance, if any, for the
Due Period
$264,946.70
3.2 The amount of NITC Finance Charges for the
Due Period $45,271,367.49
3.3 The average daily balance of Dealer Notes
outstanding during the Due Period $1,045,746,278.08
3.4 The total amount of Advance Reimbursements
for the Due Period $0.00
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3.5 The aggregate principal amount of Dealer Notes
repaid during the Due Period. $3,890,625,634.45
3.6 The aggregate principal amount of Dealer Notes
purchased by the Master Trust during the Due
Period. $3,998,162,163.17
3.7 The amount of the Servicing Fee for the Due
Period. $10,500,957.35
3.8 The average daily Master Trust Seller's Interest
during the Due Period. $421,764,339.65
3.9 The Master Trust Seller's Interest as of the
Distribution Date (after giving effect to the
transactions set forth in Article IV of the
Supplement). $505,364,183.27
3.10 The aggregate amount of Collections for the
Due Period. $3,986,125,362.34
3.11 The aggregate amount of Finance Charge
Collections for the Due Period. $95,499,727.89
3.12 The aggregate amount of Principal Collections
for the Due Period. $3,890,625,634.45
3.13 The amount of Dealer Note Losses for the Due
Period. $0.00
3.14 The aggregate amount of Dealer Notes as of the
last day of the Due Period. $1,105,364,183.27
3.15 The aggregate amount of funds on deposit in the
Excess Funding Account as of the end of the last
day of the Due Period (after giving effect to
the transactions set forth in Article IV of the
Supplement and Article IV of the Agreement. $0.00
3.16 Eligible Investments in the Excess Funding Account:
a. The aggregate amount of funds invested in
Eligible Investments. $0.00
b. Description of each Eligible Investment. $0.00
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c. The rate of interest applicable to each such
Eligible Investment.
0.00%
d. The rating of each such Eligible Investment $0.00
3.17 The aggregate amount of Dealer Notes issued to
finance OEM Vehicles, as of the end of the Due
Period. $14,539,995.12
3.18 The Dealers with the five largest aggregate
outstanding principal amounts of Dealer Notes
in the Master Trust as of the end of the Due
Period.
i) Xxxxxxx Bus Company
ii) Interstate Motor Trucks
iii) Prairie International
iv) KCR
v) Southwest International
3.19 Aggregate amount of delinquent principal
payments (past due greater than 30 days)
as a percentage of the total principal
amount outstanding, as of the end of the
Due Period. 0.11%
4. Series 1995-1 Information for the period of March 1, 1999
---------------------------------------------------------
through October 31, 1999
------------------------
4.1 The Deficiency Amount as of the Transfer Date
(after giving effect to the transactions set
forth in Article IV of the Supplement). $0.00
4.2a The Maximum Subordinated Amount as of the
Transfer Date (after giving effect to the
transactions set forth in Article IV of the
Supplement). $31,000,000.00
4.2b The Available Subordinated Amount as of the
Transfer Date (after giving effect to the
transactions set forth in Article IV of
the Supplement) $31,000,000.00
4.3 The Projected Spread for the following
Distribution Period. $2,500,000.00
4.4 The amount on deposit in the Spread Account
as of the Transfer Date (after giving effect
to the transactions set forth in Article IV
of the Supplement). $2,500,000.00
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4.5 The aggregate amount on deposit in the
Liquidity Reserve Account as of the
Transfer Date (after giving effect to
the transactions set forth in Article
IV of the Supplement. $0.00
4.6 The aggregate amount on deposit in the
Negative Carry Reserve Fund as of the
Transfer Date (after giving effect to
the transactions set forth in Article
IV of the Supplement). $0.00
4.7 The Invested Amount as of the Distribution
Date (after giving effect to the transactions
set forth in Article IV of the Supplement and
to the payments made on the Distribution Date). $200,000,000.00
4.8 The amount of Series Allocable Dealer Notes
Losses for the Due Period. $0.00
4.9 The amount of Series Allocable Finance Charge
Collections for the Due Period. $21,548,107.77
4.10 The amount of Series Allocable Principal
Collections for the Due Period. $905,917,026.90
4.11 The amount of Series Principal Account
Losses for the Due Period. $0.00
4.12 The amount of Investor Dealer Note Losses
for the Due Period. $0.00
4.13 The amount of Investor Finance Charge
Collections for the Due Period. $12,209,039.83
4.14 The amount of Investor Principal Collections
for the Due Period. $514,055,965.69
4.15 The amount of Available Certificateholder's
Interest Collections for the Due Period. $12,362,983.42
4.16 The amount of Series 1995-1 Shared Principal
Collections for the Due Period. $514,055,965.66
4.17 The aggregate amount of the Series 1995-1
Principal Shortfall, if any, for the Due
Period. $0.00
4.18 The Seller's Percentage for the Due Period. 43.24%
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4.19 The Excess Seller's Percentage for the
Due Period. 32.72%
4.20 The aggregate amount of Seller's Principal
Collections for the Due Period. $391,861,061.22
4.21 The amount of Available Seller's Finance
Charge Collections for the Due Period. $2,909,029.01
4.22 The aggregate amount of Available Seller's
Principal Collections for the Due Period. $95,273,867.75
4.23 The aggregate amount of Excess Seller's
Principal Collections for the Due Period. $296,587,193.47
4.24 The Controlled Amortization Amount, if
applicable, for the Due Period. $0.00
4.25 The Minimum Series 1995-1 Master Trust
Seller's Interest as of the Distribution
Date (after giving effect to the trans-
actions set forth in Article IV of the
Supplement). $42,811,454.69
4.26 The Series 1995-1 Allocation Percentage
for the Due Period. 33.91%
4.27 The Floating Allocation Percentage for
the Due Period. 56.76%
4.28 The Principal Allocation Percentage,
if applicable, for the Due Period. 0.00%
4.29 The total amount to be distributed on
the Series 1995-1 Certificates on the
Distribution Date. $8,776,884.34
4.30 The total amount, if any, to be distributed
on the Series 1995-1 Certificates on the
Distribution Date allocable to the Invested
Amount. $0.00
4.31 The total amount, if any, to be distributed
on the Series 1995-1 Certificates on the
Distribution Date allocable to interest
on the Series 1995-1 Certificates. $7,443,453.62
4.32 The Draw Amount as of the Transfer Date. $0.00
4.33 The amount of Investor Charge-Offs as of the
Transfer Date. $0.00
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4.34 The amount of reimbursement of Investor
Charge-Offs as of the Transfer Date. $0.00
4.35 The amount of the Investor Servicing Fee
to be paid on such Distribution Date. $1,333,331.52
4.36 The aggregate amount of funds on deposit
in the Negative Carry Reserve Account as
of the end of the last day of the Due
Period (after giving effect to the payments
and adjustments made pursuant to Article IV
of the Supplement and of the Agreement). $0.00
4.37 The aggregate amount of funds on deposit
in the Series Principal Account as of the
end of the last day of the Due Period
(after giving effect to the payments and
adjustments made pursuant to Article IV
of the Supplement and of the Agreement). $0.00
4.38 The aggregate amount of funds on deposit
in the Spread Account as of the end of the
last day of the Due Period (after giving
effect to payments and adjustments made
pursuant to Article IV of the Supplement
and the Agreement). $2,500,000.00
4.39 Eligible Investments in the Series Principal
Account:
a. The aggregate amount of funds invested in
Eligible Investments. $0.00
b. Description of each Eligible Investment: N/A
c. The rate of interest applicable to each
such Eligible Investment. N/A
d. The rating of each such Eligible Investment. N/A
4.40 Eligible Investments in the Liquidity Reserve Account:
a. The aggregate amount of funds invested in
Eligible Investments. $0.00
b. Description of each Eligible Investment: N/A
c. The rate of interest applicable to each
such Eligible Investment. N/A
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d. The rating of each such Eligible Investment. N/A
4.41 The amount of Excess Interest Collections
for the Due Period. $3,586,099.08
4.42 The amount of Investor Principal Collections
treated as Shared Principal Collections for
the Due Period. $514,055,965.69
4.43 The amount of Excess Interest Collections for
the Due Period allocated to other Series. $0.00
4.44 The amount of Investor Principal Collections
treated as Shared Principal Collections for
the Due Period allocated to Other Series. $0.00
4.45 The percentages and all other information
calculated pursuant to Sections 6.01 and
7.01 of the Supplement. N/A
4.46 The amount of Remaining Available Seller's
Principal Collections for the Due Period. $0.00
4.47 The amount of Series 1995-1 Shared Seller's
Principal Collections for the Due Period. $391,861,061.22
4.48 The aggregate amount of Shared Seller's
Principal Collections from Other Series
for the Due Period. $0.00
4.49 The amount of all Shared Seller's Principal
Collections allocated to Series 1995-1 for
the Due Period. $0.00
4.50 The aggregate amount of all Shared Seller's
Principal Collections allocated to Other
Series for the Due Period. $0.00
4.51 The aggregate amount of all Early Distribution
Amounts paid or deemed paid for the Distribution
Period. $0.00
