-----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, T/bwO7b6ifg4RJEp36GSWs57ZNaS8KOTxc2TNSPmAo4E/obKQCp8YQ6rBiyUDueW a49q5H/febeZbVYND5apsg== 0000038009-06-000009.txt : 20060118 0000038009-06-000009.hdr.sgml : 20060118 20060118165100 ACCESSION NUMBER: 0000038009-06-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051231 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060118 DATE AS OF CHANGE: 20060118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Owner Trust 2005-A CENTRAL INDEX KEY: 0001313647 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: 333-89048-04 FILM NUMBER: 06536013 BUSINESS ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135947765 8-K 1 fcaotdecember2005a8k.txt FCAOT DECEMBER 2005-A 8-K 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) December 31, 2005 FORD CREDIT AUTO OWNER TRUST 2005-A (Ford Credit Auto Receivables Two LLC) --------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-89048-04 37-6389871 - ------------------------ ----------------------- ---------- (State or other juris- (Commission File Number) (IRS Employer diction of incorporation Identification No.) One American Road, Dearborn, Michigan 48126 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 313-322-3000 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 140.14a-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. - ------------------------ The Monthly Servicing Report relating to the Ford Credit Auto Owner Trust 2005-A for the Collection Period ended December 31, 2005, is attached hereto as Exhibit 19 and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. - --------------------------------------------- EXHIBIT ------- Designation Description Method of Filing - ----------- ----------- ---------------- Exhibit 19 Ford Credit Auto Owner Filed with this Report. Trust 2005-A Servicing Report for the Collection Period ended December 31, 2005. -2- SIGNATURE 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 hereunto duly authorized. Ford Credit Auto Receivables Two LLC (Registrant) Date: January 15, 2006 By:/s/ J. P. Topolski --------------------------------- Assistant Secretary Ford Motor Credit Company as Servicer EXHIBIT INDEX ------------- Designation Description - ----------- ----------- Exhibit 19 Ford Credit Auto Owner Trust 2005-A Servicing Report for the Collection Period ended December 31, 2005. -3- EX-19 2 exhibit19.txt EXHIBIT 19 Exhibit 19 Ford Credit Auto Owner Trust 2005-A Monthly Servicing Report
Collection Period December, 2005 Distribution Date 1/17/2006 Transaction Month 12 I. ORIGINAL DEAL PARAMETERS --------------------------- Dollar Amount # of Contracts Original Portfolio: $4,811,414,707.71 254,927 Original Securities: Dollar Amount Coupon Legal Final Maturity Class A-1 Notes $723,000,000.00 2.620% September 15, 2005 Class A-2 Notes 1,549,000,000.00 3.080% July 15, 2007 Class A-3 Notes 1,383,000,000.00 3.480% November 15, 2008 Class A-4 Notes 620,000,000.00 3.720% October 15, 2009 Class B Notes 135,000,000.00 3.880% January 15, 2010 Class C Notes 90,000,000.00 4.080% June 15, 2010 Class D Certificates 90,000,000.00 7.000% July 15, 2011 ------------- Total $4,590,000,000.00 II. COLLECTIONS --------------- Interest: Simple Interest Loans Precomputed Loans Total Interest Collections $11,034,635.99 $0.00 $11,034,635.99 Repurchased Loan Proceeds Related to Interest 1,120.26 0.00 1,120.26 -------- ---- -------- Total $11,035,756.25 $0.00 $11,035,756.25 Servicer Advances: Principal Advances $0.00 $0.00 $0.00 Interest Advances 2,511,890.47 0.00 2,511,890.47 ------------ ---- ------------ Total $2,511,890.47 $0.00 $2,511,890.47 Principal: Principal Collections $75,891,082.71 $0.00 $75,891,082.71 Prepayments in Full 39,711,200.52 0.00 39,711,200.52 Prepayments in Full Due to Administrative Repurchases 0.00 0.00 0.00 Repurchased Loan Proceeds Related to Principal 87,418.32 0.00 87,418.32 Payahead Draws 0.00 0.00 0.00 ---- ---- ---- Total $115,689,701.55 $0.00 $115,689,701.55 Liquidation Proceeds $2,065,113.49 Recoveries from Prior Month Charge-Offs 94,385.70 --------- Total Principal Collections $117,849,200.74 Principal Losses for Collection Period $4,037,241.34 Total Regular Principal Reduction $119,726,942.89 Total Collections $131,396,847.46 III. FUNDS AVAILABLE FOR DISTRIBUTION ------------------------------------- Total Collections $131,396,847.46 Reserve Account Release 0.00 Reserve Account Draw 0.00 Clean-up Call 0.00 ---- Total $131,396,847.46 Page 1 Ford Credit Auto Owner Trust 2005-A Monthly Servicing Report Collection Period December, 2005 Distribution Date 1/17/2006 Transaction Month 12 IV. DISTRIBUTIONS ----------------- Servicing Fee: Amount Due Amount Paid Shortfall Total Amount $2,630,867.90 $2,630,867.90 $0.00 Amount per $1,000 of Original Balance 0.57 0.57 0.00 Change in Noteholders Interest: Amount Due Amount Paid Shortfall Carryover Shortfall Carryover Shortfall Class A1 Notes $0.00 $0.00 $0.00 $0.00 $0.00 Class A2 Notes 1,626,270.69 1,626,270.69 0.00 0.00 0.00 Class A3 Notes 4,010,700.00 4,010,700.00 0.00 0.00 0.00 Class A4 Notes 1,922,000.00 1,922,000.00 0.00 0.00 0.00 Class B Notes 436,500.00 436,500.00 0.00 0.00 0.00 Class C Notes 306,000.00 306,000.00 0.00 0.00 0.00 ---------- ---------- ---- ---- ---- Total $8,301,470.69 $8,301,470.69 $0.00 $0.00 $0.00 Certificateholders Interest: Class D Certificates $525,000.00 $525,000.00 $0.00 $0.00 $0.00 ----------- ----------- ----- ----- ----- Total Note and Cert. Interest: $8,826,470.69 $8,826,470.69 $0.00 $0.00 $0.00 Total Available for Principal Distribution $119,939,508.87 Principal Distribution Amounts First Priority Distribution Amount $0.00 Second Priority Distribution Amount 0.00 Third Priority Distribution Amount 13,217,437.24 Regular Principal Distribution Amount 96,316,071.88 ------------- Principal Distribution Amount $109,533,509.12 Noteholder Principal Distributions: Class A1 Notes $0.00 Class A2 Notes 109,533,509.12 Class A3 Notes 0.00 Class A4 Notes 0.00 Class B Notes 0.00 Class C Notes 0.00 ---- Total Note Principal Paid $109,533,509.12 Certificateholder Principal Distributions: Class D Certificates $0.00 ----- Total Note and Certificate Principal Paid: $109,533,509.12 Collections Released to Seller $10,405,999.75 Reserve Release $0.00 Total Available for Distribution $131,396,847.46 Total Distribution (incl. Servicing Fee) $131,396,847.46 Page 2 Ford Credit Auto Owner Trust 2005-A Monthly Servicing Report Collection Period December, 2005 Distribution Date 1/17/2006 Transaction Month 12 V. DISTRIBUTION PER $1,000 OF ORIGINAL BALANCE ---------------------------------------------- Principal Interest Total Distribution Distribution Distribution Class A1 Notes $0.00 $0.00 $0.00 Class A2 Notes 70.71 1.05 71.76 Class A3 Notes 0.00 2.90 2.90 Class A4 Notes 0.00 3.10 3.10 Class B Notes 0.00 3.23 3.23 Class C Notes 0.00 3.40 3.40 ---- ---- ---- Total Notes $24.34 $1.84 $26.19 Class D Certificates $0.00 $5.83 $5.83 ----- ----- ----- Total Notes and Certificates: $23.86 $1.92 $25.79 VI. POOL BALANCE AND PORTFOLIO INFORMATION ------------------------------------------ Beginning of Period End of Period Balance Pool Factor Balance Pool Factor Aggregate Balance of Notes $2,861,611,958.24 0.6359138 $2,752,078,449.12 0.6115730 Class A1 Notes 0.00 0.0000000 0.00 0.0000000 Class A2 Notes 633,611,958.24 0.4090458 524,078,449.12 0.3383334 Class A3 Notes 1,383,000,000.00 1.0000000 1,383,000,000.00 1.0000000 Class A4 Notes 620,000,000.00 1.0000000 620,000,000.00 1.0000000 Class B Notes 135,000,000.00 1.0000000 135,000,000.00 1.0000000 Class C Notes 90,000,000.00 1.0000000 90,000,000.00 1.0000000 Class D Certificates 90,000,000.00 1.0000000 90,000,000.00 1.0000000 ------------- --------- ------------- --------- Total $2,951,611,958.24 0.6430527 $2,842,078,449.12 0.6191892 Portfolio Information Weighted Average Coupon (WAC) 5.14% 5.13% Weighted Average Remaining Maturity (WAM) 42.65 41.80 Remaining Number of Receivables 203,231 199,537 Portfolio Receivable Balance $3,157,041,484.68 $3,037,314,541.79 VII. OVERCOLLATERALIZATION INFORMATION -------------------------------------- Specified Overcollateralization Amount $6,316,071.88 Specified Credit Enhancement Amount $30,373,145.42 Yield Supplement Overcollateralization Amount $188,920,020.79 Target Level of Overcollateralization $195,236,092.67 Page 3 Ford Credit Auto Owner Trust 2005-A Monthly Servicing Report Collection Period December, 2005 Distribution Date 1/17/2006 Transaction Month 12 VIII. RECONCILIATION OF RESERVE ACCOUNT --------------------------------------- Beginning Reserve Account Balance $24,057,073.54 Specified Reserve Account Balance 24,057,073.54 Reserve Release Amount 0.00 Reserve Account Draws 0.00 Interim Reserve Account Balance 24,057,073.54 Reserve Account Deposits Made 0.00 ---- Ending Reserve Account Balance $24,057,073.54 Change in Reserve Account Balance $0.00 IX. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY --------------------------------------------- Liquidation Proceeds $2,065,113.49 Recoveries from Prior Month Charge-Offs $94,385.70 Total Principal Losses for Collection Period $4,037,241.34 Charge-off Rate for Collection Period (annualized) 0.71% Cumulative Net Losses for all Periods $12,446,381.69 Delinquent Receivables: # of Contracts Amount 31-60 Days Delinquent 2,206 $35,148,919.39 61-90 Days Delinquent 256 $4,248,008.02 91-120 Days Delinquent 97 $1,814,176.33 Over 120 Days Delinquent 168 $3,289,220.27 Repossesion Inventory 270 $4,841,436.77 Ratio of Net Losses to the Average Pool Balance: Second Preceding Collection Period 0.5646% Preceding Collection Period 0.4642% Current Collection Period 0.7275% Three Month Average 0.5854% Ratio of 60+ Delinquent Contracts to Outstanding Receivables: Preceding Collection Period 0.2445% Current Collection Period 0.2611% Three Month Average 0.2364% Page 4 Ford Credit Auto Owner Trust 2005-A Monthly Servicing Report Collection Period December, 2005 Distribution Date 1/17/2006 Transaction Month 12 Worksheet Information --------------------- Servicer Advances Simple Interest Loans Precomputed Loans Beginning Servicer Advances $8,046,050.05 $0.00 New Advances 2,485,608.52 0.00 Servicer Advance Recoveries 2,172,509.00 0.00 ------------ ---- Ending Servicer Advances $8,359,149.57 $0.00 Current Month Interest Advances for Prepaid Loans $26,281.95 $0.00 Payahead Account Beginning Payahead Account Balance $0.00 Additional Payaheads 0.00 Payahead Draws 0.00 ---- Ending Payahead Account Balance $0.00
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