-----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, A4INd96sTN00Mm55WFsUJAnRS3vTG0LAp14moQJWxrGZNzbr6E8UWJtmi+ibtopb SfaWaHbBPjw67AmmWNJhrg== 0000038009-06-000036.txt : 20060317 0000038009-06-000036.hdr.sgml : 20060317 20060317122829 ACCESSION NUMBER: 0000038009-06-000036 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060228 FILED AS OF DATE: 20060317 DATE AS OF CHANGE: 20060317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Owner Trust 2006-A CENTRAL INDEX KEY: 0001353233 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-131003-01 FILM NUMBER: 06694768 BUSINESS ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135947765 10-D 1 fcaot2006a8kfebruary.txt FCAOT 2006-A 8-K FEBRUARY
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from February 1, 2006 to February 28, 2006 ---------------- ----------------- Commission File Number of issuing entity: 333-131003-01 ------------- Ford Credit Auto Owner Trust 2006-A ----------------------------------- (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-131003 ---------- Ford Credit Auto Receivables Two LLC ------------------------------------ (Exact name of depositor as specified in its charter) Ford Motor Credit Company ------------------------- (Exact name of sponser as specified in its charter) Delaware -------- (State or other jurisdiction of incorporation or organization of the issuing entity) 41-6547773 ---------- (I.R.S. Employer Identification No.) One American Road, Dearborn, Michigan 48126 ------------------------------------- ----- (Address of principal executive offices of the issuing entity) (Zip Code) (313) 594-3495 ------------- (Telephone number, including area code) Registered/reporting pursuant to (check one) Title of class Section 12(b) Section 12(g) Section 15(d) Name of exchange (If Section 12(b)) Class A-2a notes x Class A-2b notes x Class A-3 notes x Class A-4 notes x Class B notes x Class C notes x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ----- ----- PART I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information. - ------------------------------------------------------ Distribution and performance information of the asset pool of the issuing entity is set forth in the attached Monthly Investor Report. PART II OTHER INFORMATION Item 9. Exhibits. - ----------------- EXHIBITS -------- Designation Description - ----------- ----------- Exhibit 99 Ford Credit Auto Owner Trust 2006-A Monthly Investor Report 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 thereunto duly authorized. FORD CREDIT AUTO OWNER TRUST 2006-A ----------------------------------- (Issuing entity) By: Ford Motor Credit Company ----------------------------- (Servicer) Date: March 17, 2006 /s/ Joseph P. Topolski ------------------ Joseph P. Topolski Assistant Secretary 3 EXHIBIT INDEX ------------- Designation Description - ----------- ----------- Exhibit 99 Ford Credit Auto Owner Trust 2006-A Monthly Investor Report
4 EX-99 2 ex99.txt EXHIBIT 99 Exhibit 99 Ford Credit Auto Owner Trust 2006-A Monthly Investor Report
Collection Period February, 2006 Payment Date 3/15/2006 Transaction Month 1 Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus supplement, available on the SEC website (http://www.sec.gov) under the registration number 333-131003 and at http://www.fordcredit.com/institutionalinvestments/index.jhtml. I. ORIGINAL DEAL PARAMETERS Weighted Avg Remaining --------------------------- Dollar Amount # of Receivables Term at Cutoff Initial Pool Balance $3,164,999,892.01 187,903 52 months Original Securities: Dollar Amount Note Interest Rate Legal Final Maturity Class A-1 Notes $540,000,000.00 4.7248% November 15, 2006 Class A-2 A Notes $500,000,000.00 5.040% September 15, 2008 Class A-2 B Notes $549,951,000.00 4.580% September 15, 2008 Class A-3 Notes $901,239,000.00 5.050% March 15, 2010 Class A-4 Notes $316,809,000.00 5.070% December 15, 2010 Class B Notes $88,674,000.00 5.290% April 15, 2011 Class C Notes $59,116,000.00 5.480% September 15, 2011 Class D Notes $59,116,000.00 7.210% August 15, 2012 -------------- Total $3,014,905,000.00 II. AVAILABLE FUNDS ------------------- Interest: Interest Collections $16,663,608.18 Principal: Principal Collections $68,552,235.90 Prepayments in Full $59,722,354.22 Liquidation Proceeds $23,457.77 Recoveries $0.00 ----- Sub Total $128,298,047.89 --------------- Collections $144,961,656.07 Purchase Amounts: Purchase Amounts Related to Principal $1,081,163.16 Purchase Amounts Related to Interest $6,940.83 --------- Sub Total $1,088,103.99 Clean-up Call $0.00 ----- Available Collections $146,048,029.06 Reserve Account Draw Amount $0.00 Net Swap Receipt - Tranche A-2b $0.00 ----- Available Funds $146,048,029.06 Page 1 Ford Credit Auto Owner Trust 2006-A Monthly Investor Report Collection Period February, 2006 Payment Date 3/15/2006 Transaction Month 1 III. DISTRIBUTIONS ------------------ Available Funds Carryover Remaining Calculated Amount Amount Paid Shortfall Shortfall Available Funds Owner Trustee Fees and Expenses $0.00 $0.00 $0.00 $0.00 $146,048,029.06 Indenture Trustee Fees and $0.00 $0.00 $0.00 $0.00 $146,048,029.06 Servicing Fee $2,637,499.91 $2,637,499.91 $0.00 $0.00 $143,410,529.15 Net Swap Payment - Tranche A-2 B $296,286.10 $296,286.10 $0.00 $0.00 $143,114,243.05 Interest - Class A-1 Notes $1,488,312.00 $1,488,312.00 $0.00 $0.00 $141,625,931.05 Interest - Class A-2 A Notes $1,610,000.00 $1,610,000.00 $0.00 $0.00 $140,015,931.05 Interest - Class A-2 B Notes $1,469,285.76 $1,469,285.76 $0.00 $0.00 $138,546,645.29 Interest - Class A-3 Notes $2,907,747.50 $2,907,747.50 $0.00 $0.00 $135,638,897.79 Interest - Class A-4 Notes $1,026,197.15 $1,026,197.15 $0.00 $0.00 $134,612,700.64 Swap Termination Payment $0.00 $0.00 $0.00 $0.00 $134,612,700.64 First Priority Principal Payment $0.00 $0.00 $0.00 $0.00 $134,612,700.64 Interest - Class B Notes $299,693.49 $299,693.49 $0.00 $0.00 $134,313,007.15 Second Priority Principal Payment $62,487,586.11 $62,487,586.11 $0.00 $0.00 $71,825,421.04 Interest - Class C Notes $206,971.68 $206,971.68 $0.00 $0.00 $71,618,449.36 Third Priority Principal Payment $59,116,000.00 $59,116,000.00 $0.00 $0.00 $12,502,449.36 Interest - Class D Notes $272,311.29 $272,311.29 $0.00 $0.00 $12,230,138.07 Reserve Account Deposit $0.00 $0.00 $0.00 $0.00 $12,230,138.07 Regular Principal Payment $418,396,413.89 $12,230,138.07 $0.00 $0.00 $0.00 Additional Trustee Fees and $0.00 $0.00 $0.00 $0.00 $0.00 Residual Released to Depositor $0.00 $0.00 $0.00 $0.00 $0.00 ----- Total $146,048,029.06 Principal Payment: First Priority Principal Payment $0.00 Second Priority Principal Payment $62,487,586.11 Third Priority Principal Payment $59,116,000.00 Regular Principal Payment $12,230,138.07 -------------- Total $133,833,724.18 IV. NOTEHOLDER PAYMENTS ----------------------- Noteholder Principal Payments Noteholder Interest Payments Total Payment Actual Per $1,000 of Actual Per $1,000 of Actual Per $1,000 of Original Original Original Balance Balance Balance Class A-1 Notes $133,833,724.18 $247.84 $1,488,312.00 $2.76 $135,322,036.18 $250.60 Class A-2 A Notes $0.00 $0.00 $1,610,000.00 $3.22 $1,610,000.00 $3.22 Class A-2 B Notes $0.00 $0.00 $1,469,285.76 $2.67 $1,610,000.00 $3.22 Class A-3 Notes $0.00 $0.00 $2,907,747.50 $3.23 $2,907,747.50 $3.23 Class A-4 Notes $0.00 $0.00 $1,026,197.15 $3.24 $1,026,197.15 $3.24 Class B Notes $0.00 $0.00 $299,693.49 $3.38 $299,693.49 $3.38 Class C Notes $0.00 $0.00 $206,971.68 $3.50 $206,971.68 $3.50 Class D Notes $0.00 $0.00 $272,311.29 $4.61 $272,311.29 $4.61 ----- ----- ----------- ----- ----------- ----- Total $133,833,724.18 $44.39 $9,280,518.87 $3.08 $143,114,243.05 $47.47 Page 2 Ford Credit Auto Owner Trust 2006-A Monthly Investor Report Collection Period February, 2006 Payment Date 3/15/2006 Transaction Month 1 V. NOTE BALANCE AND POOL INFORMATION ------------------------------------ Beginning of Period End of Period Balance Note Factor Balance Note Factor Class A-1 Notes $540,000,000.00 1.0000000 $406,166,275.82 0.7521598 Class A-2 A Notes $500,000,000.00 1.0000000 $500,000,000.00 1.0000000 Class A-2 B Notes $549,951,000.00 1.0000000 $549,951,000.00 1.0000000 Class A-3 Notes $901,239,000.00 1.0000000 $901,239,000.00 1.0000000 Class A-4 Notes $316,809,000.00 1.0000000 $316,809,000.00 1.0000000 Class B Notes $88,674,000.00 1.0000000 $88,674,000.00 1.0000000 Class C Notes $59,116,000.00 1.0000000 $59,116,000.00 1.0000000 Class D Notes $59,116,000.00 1.0000000 $59,116,000.00 1.0000000 -------------- --------- -------------- --------- Total $3,014,905,000.00 1.0000000 $2,881,071,275.82 0.9556093 Pool Information Weighted Average APR 6.645% 6.634% Weighted Average Remaining Term 52.00 51.23 Number of Receivables Outstanding 187,903 182,911 Pool Balance $3,164,999,892.01 $3,035,610,527.64 Adjusted Pool Balance (Pool Balance - YSOC Amount) $2,955,788,380.39 $2,834,185,413.89 Pool Factor 1.0000000 0.9591187 VI. OVERCOLLATERALIZATION INFORMATION ------------------------------------- Specified Reserve Balance $15,824,999.46 Targeted Credit Enhancement Amount $30,356,105.28 Yield Supplement Overcollateralization Amount $201,425,113.75 Targeted Overcollateralization Amount $215,956,219.57 Actual Overcollateralization Amount (EOP Pool Balance -EOP Note Balance) $154,539,251.82 VII. RECONCILIATION OF RESERVE ACCOUNT -------------------------------------- Beginning Reserve Account Balance $15,824,999.46 Reserve Account Deposits Made 0.00 Reserve Account Draw Amount 0.00 ---- Ending Reserve Account Balance $15,824,999.46 Change in Reserve Account Balance $0.00 Specified Reserve Balance $15,824,999.46 Page 3 Ford Credit Auto Owner Trust 2006-A Monthly Investor Report Collection Period February, 2006 Payment Date 3/15/2006 Transaction Month 1 VIII. NET LOSSES AND DELINQUENT RECEIVABLES ------------------------------------------- # of Receivables Amount Realized Loss 569 $10,153.32 (Recoveries) 0 $0.00 ----- Net Losses for Current Collection Period $10,153.32 Cumulative Net Losses Last Collection $0.00 ----- Cumulative Net Losses for all Collection Periods $10,153.32 Ratio of Net Losses for Current Collection Period to Beginning of Period Pool Balance (annualized) 0.00% Delinquent Receivables: % of EOP Pool # of Receivables Amount 31-60 Days Delinquent 0.44% 808 $13,986,233.12 61-90 Days Delinquent 0.00% 0 $0.00 91-120 Days Delinquent 0.00% 0 $0.00 Over 120 Days Delinquent 0.00% 0 $0.00 ----- - ----- Total Delinquent Receivables 0.44% 808 $13,986,233.12 Repossesion Inventory: Repossesed in the Current Collection Period 21 $427,195.26 Total Repossesed Inventory 20 $449,511.49 Ratio of Net Losses to the Average Pool Balance for the Collection Period: Second Preceding Collection Period 0.0000% Preceding Collection Period 0.0000% Current Collection Period 0.0039% Three Month Average 0.0000% Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: Second Preceding Collection Period 0.0000% Preceding Collection Period 0.0000% Current Collection Period 0.0000% Three Month Average 0.0000%
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