Exhibit 1.2
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC
PASS-THROUGH CERTIFICATES
1997-I TERMS AGREEMENT
Dated: June 20, 1997
To: Deutsche Financial Capital Securitization LLC (the "Company")
Deutsche Financial Capital Limited Liability Company ("DFC")
Re: Underwriting Agreement Standard Provision dated
June 1997 (the "Standard Provisions")
Series
Designation: Pass-Through Certificates, Series 1997-I, Classes ▇-▇, ▇-▇, ▇-▇,
▇-▇, ▇-▇, ▇-▇, ▇, ▇-▇, ▇-▇, X and R (collectively, the
"Certificates"). The Classes ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, M and
B-1 Certificates are collectively referred to herein as the
"Underwritten Certificates."
UNDERWRITING AGREEMENT: Subject to the terms and conditions set forth
herein and to the terms of the Standard Provisions, which are incorporated by
reference herein, the Company hereby agrees to issue and sell to Credit
Suisse First Boston Corporation and Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc. (the
"Underwriters"), and the Underwriters hereby severally agree to purchase from
the Company, on June 27, 1997, the aggregate outstanding principal amount of the
Underwritten Certificates set forth in Schedule A hereto at the purchase price
and on the terms set forth below; PROVIDED, HOWEVER, that the obligations of
the Underwriters are subject to: (i) receipt by the Company of the ratings on
the Certificates as set forth herein, (ii) receipt by the Underwriters of
the Sales Agreement (the "Sales Agreement"), dated as of June 1, 1997, by and
between the Company and DFC, and the Pooling and Servicing Agreement (as
defined below), each being in form and substance satisfactory to the
Underwriters.
The Certificates will be issued by a trust (the "Trust") to be
established by the Company pursuant to a Pooling and Servicing Agreement, to
be dated as of June 1, 1997, among the Company, Oakwood Acceptance Corporation,
as servicer (the "Servicer") and PNC Bank, National Association, as Trustee
(the "Trustee") which incorporates by reference the Company's Standard Terms to
Pooling and Servicing Agreement (June 1997 Edition) (collectively, the "Pooling
and Servicing Agreement"). The Certificates will represent in the aggregate
the entire
beneficial ownership interest in the assets of the Trust which will consist
primarily of (i) installment sales contracts (the "Contracts") secured by
security interests in manufactured homes and, with respect to certain of the
Contracts, secured by liens on the real estate on which the related manufactured
homes are located, and (ii) mortgage loans secured by first-liens on the real
estate to which the related manufactured homes are deemed permanently affixed
(the "Mortgage Loans" and, together with the Contracts, the "Assets") with
original terms to maturity not exceeding 30 years and, in each case, having the
characteristics described in the final Prospectus Supplement, dated June 20,
1997, relating to the Underwritten Certificates (the "Prospectus Supplement").
The Company and the Servicer specifically covenant to make available on
the Closing Date for sale, transfer and assignment to the Trust, Assets having
the characteristics described in the Prospectus Supplement; PROVIDED, HOWEVER,
that there may be nonmaterial variances from the description of the Assets in
the Prospectus Supplement and the Assets actually delivered on the Closing
Date.
REGISTRATION STATEMENT: References in the Standard Provisions to the
Registration Statement shall be deemed to include registration statement
No. 333-24351.
INITIAL AGGREGATE SCHEDULED PRINCIPAL BALANCE OF ASSETS: $161,394,769.36
CUT-OFF DATE: June 1, 1997.
TERMS OF THE CERTIFICATES:
Class Initial Principal Pass-Through Ratings Purchase
Designation Amount Rate Fitch ▇▇▇▇▇'▇ Price
------------ ------- ---- ------ -------- ------
A-1 $34,713,000.00 6.400% "AAA" "Aaa" 99.771816%
A-2 $25,021,000.00 6.550% "AAA" "Aaa" 99.697181%
A-3 $19,982,000.00 6.750% "AAA" "Aaa" 99.648723%
A-4 $ 7,105,000.00 6.900% "AAA" "Aaa" 99.473538%
A-5 $20,813,000.00 7.100% "AAA" "Aaa" 99.502139%
A-6 $19,867,000.00 7.375% "AAA" "Aaa" 99.398612%
M $12,508,000.00 (1) "AA" "Aa3" 99.486722%
B-1 $14,929,000.00 (1) "BBB" "Baa2" 99.338340%
(1) The Pass-Through Rate for the (i) Class M Certificates will equal the
lesser of 7.275% or the Weighted Average Net Asset Rate and (ii) Class B-1
Certificates will equal the lesser of 7.525% or the Weighted Average Net Asset
Rate and
SUBORDINATION FEATURES: The Class M Certificates will be subordinated to
the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-6
Certificates (collectively, the "Class A Certificates"), the Class B-1
Certificates will be subordinated to the Class A Certificates and the Class M
Certificates and the Class B-2 Certificates will be subordinated to the Class A
Certificates, the Class M Certificates and the Class B-1 Certificates, all as
described in the Prospectus Supplement.
2
DISTRIBUTION DATES: Each Distribution Date shall be the 15th day of each
month, or if such day is not a business day, on the next succeeding business
day, commencing in July, 1997.
REMIC ELECTION: An election will be made to treat some or all of the
assets of the Trust as one or more real estate mortgage investment conduits
for federal income tax purposes (the "REMIC").The Underwritten Certificates
will be designated as "regular interests" in the REMIC.
PURCHASE PRICE: The Underwriters have severally agreed to purchase the
Underwritten Certificates of each Class from the Company for the respective
purchase prices expressed in the table above as percentages of the initial
Certificate Principal Balance of each such Class. Payment of the purchase
price for the Underwritten Certificates shall be made to the Company in
federal or similar immediately available funds payable to the order of the
Company.
DENOMINATIONS: The Underwritten Certificates will be issued in book-entry
form in minimum denominations of $25,000 and integral multiples of $1 in
excess thereof.
FEES: It is understood that servicing fees may be withheld from the
payments on the Assets in each month prior to distributions on the Certificates
on the Distribution Date occuring in such month to the extent permissible under
the Pooling and Servicing Agreement.
CLOSING DATE AND LOCATION: 10:00 a.m. Eastern Time on June 27, 1997, at
the offices of Hunton & ▇▇▇▇▇▇▇▇, Riverfront Plaza, East Tower, ▇▇▇ ▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. The Company will deliver the
Underwritten Certificates in book-entry form only, through the same-day funds
settlement system of The Depository Trust Company on the Closing Date.
DUE DILIGENCE: At any time prior to the Closing Date, the Underwriters
have the right to inspect the Asset Files and the related loan origination
procedures and to confirm the existence of the related manufactured homes or
mortgaged properties to ensure conformity with the Final Prospectus and the
Prospectus Supplement.
CONTROLLING AGREEMENT: This Terms Agreement sets forth the complete
agreement among the Company, DFC and the Underwriters and fully supersedes
all prior agreements, both written and oral, relating to the issuance of the
Underwritten Certificates and all matters set forth herein. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned
to such terms in the Standard Provisions or the Prospectus Supplement.
COMPUTATIONAL MATERIALS: Each Underwriter hereby represents and warrants
that (i) any information attached hereto as Exhibit 1 constitutes all
"Collateral Term Sheets" (as such term is defined in the no-action letters
addressed to ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Acceptance Corporation I, et al. dated May 20,
1994 and to the Public Securities Association dated February 17, 1995
(collectively, the "PSA Letters")) disseminated by it in connection with the
Underwritten Certifidates; (ii) any information attached hereto as Exhibit 2
constitutes all "Structural Term Sheets" and "Computational Materials"
disseminated by it in connection with the Underwritten Certificates and (iii)
any information attached hereto as Exhibit 3 constitutes all "Series Term
Sheets" (as such term is defined in the no-action letter addressed to Greenwood
Trust Company,
3
Discover Card Master Trust I dated April 5, 1996) disseminated by it in
connection with the Underwritten Certificates.
For purposes hereof, as to each Underwriter, the term "Derived Information"
means such information, if any, in the Series Term Sheets, Collateral Term
Sheets, Structural Term Sheets and/or Computational Materials that is not
contained in either (i) the Prospectus taking into account information
incorporated therein by reference (other than information incorporated by
reference from the Series Term Sheets, Collateral Term Sheets, Structural Term
Sheets and/or Computational Materials) or (ii) any computer tape furnished by
the Company (the "Computer Tape"). Each Underwriter severally agrees, assuming
(i) all information provided by the Company (including the Computer Tape) is
accurate and complete in all material respects and (ii) the Company's
independent public accountants have determined that the Derived Information
agrees with the Computer Tape, to indemnify and hold harmless the Company,
each of the Company's officers and directors and each person who controls the
Company within the meaning of Section 15 of the Act against any and all losses,
claims, damages or liabilities, joint or several, to which they may become
subject under the Act or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon
any untrue statement of a material fact contained in the Derived Information
prepared by such Underwriter and incorporated by reference into the Registration
Statement, or arise out of or are based upon the omission or alleged omission
to state in such Derived Information a material fact required to be stated
therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading, (except that no such
indemnity shall be available for any losses, claims, damages or liabilities,
or actions in respect thereof to the extent any such untrue statement or
alleged untrue statement therein results directly from an error in the
information on the Computer Tape or in any other information concerning the
Mortgage Loans or the Contracts provided by the Company to any Underwriter in
writing or through electronic transmission) and agrees to reimburse each such
indemnified party for any legal or other expenses reasonably incurred by it in
connection with investigating or defending or preparing to defend any such
loss, claim, damage, liability or action as such expenses are incurred. The
obligations of an Underwriter under this paragraph shall be in addition to any
liability which such Underwriter may otherwise have. Notwithstanding the
provisions of this paragraph, no Underwriter shall be required to pay any
amount with respect to the indemnities provided hereunder in excess of the
underwriting discount or commission applicable to the Certificates purchased
by it hereunder.
INFORMATION PROVIDED BY EACH UNDERWRITER: It is understood and agreed that
the information set forth under the heading "Underwriting" in the Prospectus
Supplement and the sentence regarding each Underwriter's intention to
establish a market in the Underwritten Certificates on the Cover Page of the
Prospectus Supplement is the only information furnished by the Underwriters
for inclusion in the Registration Statement and the Final Prospectus.
TRUSTEE: PNC Bank, National Association will act as Trustee of the Trust.
BLUE SKY QUALIFICATIONS: The Underwriters specify no jurisdictions
and the parties do not intend to qualify the Underwritten Securities in any
jurisdiction. The Company has agreed to pay all costs and expenses incurred in
connection with the preparation of a blue sky survey to be delivered on or
prior to the Closing Date.
4
STATE TAX OPINIONS: The Company shall deliver to the Underwriters an
opinion of counsel pursuant to Section 6(d)(iii) of the Standard Provisions
with respect to the State of North Carolina and the Commonwealth of
Pennsylvania.
BLACKOUT PERIOD: None.
APPLICABLE LAW: THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAWS.
NOTICES: All communications hereunder will be in writing and effective
only upon receipt and will be mailed, delivered or telegraphed and confirmed
to the parties at:
Deutsche Financial Capital Securitization LLC and
Deutsche Financial Limited Liability Company
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ (27409-9634)
▇.▇. ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Attention: Treasurer
Credit Suisse First Boston Corporation
▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇▇▇ ▇'▇▇▇▇▇▇▇▇
Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc.
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: Vijay Radhakishum
REQUEST FOR OPINIONS: (a) The Company and DFC hereby request and
authorize Hunton & ▇▇▇▇▇▇▇▇ as their counsel in this transaction, to issue on
behalf of the Company and DFC, such legal opinions to the Underwriters, their
respective counsel, the Trustee and the Rating Agencies as may be required by
any and all documents, certificates or agreements executed in connection with
this Agreement.
(b) The Underwriters hereby request and authorize ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ &
▇▇▇▇▇▇▇▇, as their special counsel in this transaction, to issue to the
Underwriters such legal opinions as they may require, and the Company shall
have furnished to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ such documents as they may
request for the purpose of enabling them to pass upon such matters.
Each Underwriter agrees, subject to the terms and provisions of the
Standard Provisions, a copy of which is attached hereto, and which is
incorporated by reference herein in its entirety
5
and made a part hereof to the same extent as if such provisions had been set
forth in full herein, to purchase the Underwritten Certificates.
CREDIT SUISSE FIRST BOSTON CORPORATION
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Managing Director
DEUTSCHE ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Title: Vice President
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Title: Director
Accepted and acknowledged
As of the Date First Above Written:
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC
By: DEUTSCHE FINANCIAL CAPITAL I CORP.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Vice President
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC
By: OAKWOOD ACCEPTANCE CORPORATION, member
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
---------------------------------
Title: Vice President
DEUTSCHE FINANCIAL SERVICES CORPORATION, member
By: Naran U. Burchinow
---------------------------------
Name: Naran U. Burchinow
Title: Senior Vice President
6
SCHEDULE A
Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class M and Class B-1
Certificates
Class A-1 Class A-2 Class A-3
Credit Suisse First Boston Corporation $17,356,500 $12,510,500 $ 9,991,000
Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc. ........ $17,356,500 $12,510,500 $ 9,991,000
Total............................... $34,713,000 $25,021,000 $19,982,000
Class A-4 Class A-5 Class A-6
Credit Suisse First Boston Corporation $ 3,552,500 $10,406,500 $ 9,933,500
Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc. ........ $ 3,552,500 $10,406,500 $ 9,993,500
Total............................... $ 7,105,000 $20,813,000 $19,867,000
Class M Class B-1
Credit Suisse First Boston Corporation $ 6,254,000 $ 7,464,500
Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc. ........ $ 6,254,000 $ 7,464,500
Total............................... $12,508,000 $14,929,000
Exhibit 2
Deutsche Senior/Subordinated Pass-Through Certificates,
Series 1997-I
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
--------------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name & Type Par % Life Yield Pay Pay Dur.
--------------------------------------------------------------------------------
To Call:
A1 SENIOR 34,713,000 6.3500 1.10 6.223 7/97 9/99 1.02
A2 SENIOR 25,021,000 6.5500 3.10 6.558 9/99 7/01 2.71
A3 SENIOR 19,982,000 6.7000 5.10 6.769 7/01 12/03 4.17
A4 SENIOR 7,105,000 6.9000 7.10 6.959 12/03 3/05 5.43
A5 SENIOR 20,813,000 7.2000 10.00 7.270 3/05 3/10 6.86
A6 SENIOR 19,867,000 7.4750 15.43 7.570 3/10 11/13 8.83
M AA MEZZ 12,508,000 7.3750 10.46 7.470 2/02 11/13 6.78
B1 BBB SUB 14,929,000 7.5750 9.98 7.670 2/02 11/13 6.55
B2 BB SUB 6,456,769 9.2750 11.59 9.420 2/02 11/13 6.45
-------------------------------
To Maturity:
A6 SENIOR 19,867,000 7.4750 16.93 7.569 3/10 2/20 9.20
M AA MEZZ 12,508,000 7.3750 10.72 7.470 2/02 7/16 6.85
B1 BBB SUB 14,929,000 7.5750 9.99 7.670 2/02 8/14 6.55
B2 BB SUB 6,456,769 9.2750 15.38 9.420 2/02 4/24 7.02
--------------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 160% MHP.
(2) Coupon and price assumed for computational material.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 99-31 Coupon: 6.3500 Original Par: 34,713,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.38 6.31 6.28 6.22 6.19 6.09
Average Life: 5.15 1.88 1.55 1.10 0.93 0.67
Duration: 4.08 1.69 1.41 1.02 0.87 0.63
First Prin Pay: 7/97 7/97 7/97 7/97 7/97 7/97
Last Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31 Coupon: 6.5500 Original Par: 25,021,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.61 6.59 6.58 6.56 6.54 6.51
Average Life: 11.82 5.37 4.43 3.10 2.59 1.84
Duration: 7.96 4.37 3.71 2.71 2.30 1.68
First Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
Last Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-27 Coupon: 6.7000 Original Par: 19,982,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.78 6.78 6.78 6.77 6.76 6.75
Average Life: 15.60 8.60 7.22 5.10 4.07 2.84
Duration: 9.36 6.31 5.52 4.17 3.45 2.51
First Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
Last Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-30+ Coupon: 6.9000 Original Par: 7,105,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.98 6.97 6.97 6.96 6.95 6.93
Average Life: 18.32 11.60 9.90 7.10 5.52 3.57
Duration: 10.08 7.73 6.94 5.43 4.44 3.06
First Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
Last Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-31+ Coupon: 7.2000 Original Par: 20,813,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.28 7.28 7.28 7.27 7.26 7.24
Average Life: 21.11 15.17 13.37 10.00 8.04 4.71
Duration: 10.49 8.90 8.27 6.86 5.87 3.85
First Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
Last Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
-----------------------------------------------------------------------------
A6 SENIOR
Price: 99-29 Coupon: 7.4750 Original Par: 19,867,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 24.76 20.66 18.97 15.43 13.19 8.93
Duration: 10.90 10.16 9.79 8.83 8.08 6.25
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-29+
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 25.83 21.83 20.39 16.93 14.65 9.94
Duration: 11.05 10.37 10.07 9.20 8.50 6.64
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 4/26 12/23 5/22 2/20 12/17 6/13
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
M AA MEZZ
Price: 99-27 Coupon: 7.3750 Original Par: 12,508,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 20.89 15.17 13.50 10.46 9.44 7.75
Duration: 10.21 8.58 8.00 6.78 6.37 5.61
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: ▇▇-▇▇
▇▇▇▇ ▇▇▇▇▇: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 21.10 15.38 13.76 10.72 9.78 8.26
Duration: 10.24 8.62 8.05 6.85 6.48 5.82
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 11/24 3/21 12/19 7/16 11/14 7/11
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-28 Coupon: 7.5750 Original Par: 14,929,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.68 7.68 7.67 7.67 7.67 7.66
Average Life: 20.60 14.69 13.03 9.98 9.07 7.60
Duration: 10.00 8.36 7.77 6.55 6.17 5.50
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: ▇▇-▇▇
▇▇▇▇ ▇▇▇▇▇: 7.68 7.68 7.67 7.67 7.67 7.67
Average Life: 20.61 14.70 13.04 9.99 9.11 7.74
Duration: 10.00 8.36 7.78 6.55 6.18 5.56
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 6/23 9/19 1/18 8/14 12/12 12/09
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
B2 BB SUB
Price: 99-28 Coupon: 9.2750 Original Par: 6,456,769
-----------------------------------------------------------------------------
To Call:
Bond Yield: 9.43 9.43 9.42 9.42 9.42 9.41
Average Life: 21.55 16.27 14.59 11.59 10.29 8.10
Duration: 8.85 7.75 7.33 6.45 6.08 5.34
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-28+
Bond Yield: 9.43 9.42 9.42 9.42 9.42 9.42
Average Life: 23.43 19.28 17.97 15.38 14.29 11.78
Duration: 9.00 8.05 7.72 7.02 6.80 6.31
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 12/26 7/26 2/26 4/24 4/22 6/18
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class A-1
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 88 72 67 54 46 25
June 15, 1999 81 47 36 9 0 0
June 15, 2000 73 21 5 0 0 0
June 15, 2001 65 0 0 0 0 0
June 15, 2002 55 0 0 0 0 0
June 15, 2003 45 0 0 0 0 0
June 15, 2004 33 0 0 0 0 0
June 15, 2005 20 0 0 0 0 0
June 15, 2006 7 0 0 0 0 0
June 15, 2007 0 0 0 0 0 0
June 15, 2008 0 0 0 0 0 0
June 15, 2009 0 0 0 0 0 0
June 15, 2010 0 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 5.2 1.9 1.5 1.1 0.9 0.7
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class A-2
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 89 33
June 15, 2000 100 100 100 54 22 0
June 15, 2001 100 95 66 1 0 0
June 15, 2002 100 61 27 0 0 0
June 15, 2003 100 29 0 0 0 0
June 15, 2004 100 0 0 0 0 0
June 15, 2005 100 0 0 0 0 0
June 15, 2006 100 0 0 0 0 0
June 15, 2007 91 0 0 0 0 0
June 15, 2008 70 0 0 0 0 0
June 15, 2009 47 0 0 0 0 0
June 15, 2010 22 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 11.8 5.4 4.4 3.1 2.6 1.8
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class A-3
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 33
June 15, 2001 100 100 100 100 52 0
June 15, 2002 100 100 100 50 0 0
June 15, 2003 100 100 88 16 0 0
June 15, 2004 100 96 53 0 0 0
June 15, 2005 100 62 27 0 0 0
June 15, 2006 100 38 2 0 0 0
June 15, 2007 100 16 0 0 0 0
June 15, 2008 100 0 0 0 0 0
June 15, 2009 100 0 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 92 0 0 0 0 0
June 15, 2012 62 0 0 0 0 0
June 15, 2013 40 0 0 0 0 0
June 15, 2014 17 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 15.6 8.6 7.2 5.1 4.1 2.8
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class A-4
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 0
June 15, 2002 100 100 100 100 100 0
June 15, 2003 100 100 100 100 5 0
June 15, 2004 100 100 100 57 0 0
June 15, 2005 100 100 100 0 0 0
June 15, 2006 100 100 100 0 0 0
June 15, 2007 100 100 43 0 0 0
June 15, 2008 100 85 0 0 0 0
June 15, 2009 100 26 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 100 0 0 0 0 0
June 15, 2012 100 0 0 0 0 0
June 15, 2013 100 0 0 0 0 0
June 15, 2014 100 0 0 0 0 0
June 15, 2015 75 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 18.3 11.6 9.9 7.1 5.5 3.6
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class A-5
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 83
June 15, 2002 100 100 100 100 100 32
June 15, 2003 100 100 100 100 100 7
June 15, 2004 100 100 100 100 73 0
June 15, 2005 100 100 100 93 48 0
June 15, 2006 100 100 100 69 27 0
June 15, 2007 100 100 100 48 8 0
June 15, 2008 100 100 94 29 0 0
June 15, 2009 100 100 74 11 0 0
June 15, 2010 100 89 55 0 0 0
June 15, 2011 100 69 37 0 0 0
June 15, 2012 100 51 21 0 0 0
June 15, 2013 100 35 6 0 0 0
June 15, 2014 100 19 0 0 0 0
June 15, 2015 100 2 0 0 0 0
June 15, 2016 98 0 0 0 0 0
June 15, 2017 72 0 0 0 0 0
June 15, 2018 53 0 0 0 0 0
June 15, 2019 32 0 0 0 0 0
June 15, 2020 8 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.2 13.4 10.0 8.0 4.7
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class A-6
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 100 100 100
June 15, 2003 100 100 100 100 100 100
June 15, 2004 100 100 100 100 100 85
June 15, 2005 100 100 100 100 100 67
June 15, 2006 100 100 100 100 100 53
June 15, 2007 100 100 100 100 100 41
June 15, 2008 100 100 100 100 91 32
June 15, 2009 100 100 100 100 76 25
June 15, 2010 100 100 100 95 63 19
June 15, 2011 100 100 100 80 51 14
June 15, 2012 100 100 100 67 42 6
June 15, 2013 100 100 100 56 34 0
June 15, 2014 100 100 91 46 27 0
June 15, 2015 100 100 77 37 18 0
June 15, 2016 100 85 63 29 9 0
June 15, 2017 100 70 50 18 2 0
June 15, 2018 100 59 42 11 0 0
June 15, 2019 100 48 33 4 0 0
June 15, 2020 100 37 22 0 0 0
June 15, 2021 81 23 10 0 0 0
June 15, 2022 55 9 0 0 0 0
June 15, 2023 45 3 0 0 0 0
June 15, 2024 33 0 0 0 0 0
June 15, 2025 17 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 25.8 21.8 20.4 16.9 14.7 9.9
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class M
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 45
June 15, 2006 100 90 78 56 49 35
June 15, 2007 100 83 71 49 42 28
June 15, 2008 100 76 64 42 35 22
June 15, 2009 100 69 57 37 29 17
June 15, 2010 100 62 51 31 24 9
June 15, 2011 100 55 45 26 20 0
June 15, 2012 98 49 39 22 16 0
June 15, 2013 91 44 34 18 10 0
June 15, 2014 83 38 29 15 3 0
June 15, 2015 75 33 25 7 0 0
June 15, 2016 66 27 20 0 0 0
June 15, 2017 57 22 16 0 0 0
June 15, 2018 50 19 11 0 0 0
June 15, 2019 43 15 4 0 0 0
June 15, 2020 35 7 0 0 0 0
June 15, 2021 26 0 0 0 0 0
June 15, 2022 18 0 0 0 0 0
June 15, 2023 14 0 0 0 0 0
June 15, 2024 4 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.4 13.8 10.7 9.8 8.3
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class B-1
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
June 15, 1998 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 43
June 15, 2006 100 90 78 56 49 30
June 15, 2007 100 83 71 49 39 19
June 15, 2008 100 76 64 40 29 10
June 15, 2009 100 69 57 31 21 3
June 15, 2010 100 62 51 23 14 0
June 15, 2011 100 55 43 16 7 0
June 15, 2012 98 49 35 10 2 0
June 15, 2013 91 42 28 5 0 0
June 15, 2014 83 34 21 0 0 0
June 15, 2015 75 26 14 0 0 0
June 15, 2016 66 18 8 0 0 0
June 15, 2017 57 11 2 0 0 0
June 15, 2018 50 6 0 0 0 0
June 15, 2019 41 1 0 0 0 0
June 15, 2020 29 0 0 0 0 0
June 15, 2021 16 0 0 0 0 0
June 15, 2022 4 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 20.6 14.7 13.0 10.0 9.1 7.7
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Percent of Principal Outstanding of Class B-2
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 49
June 15, 2006 100 90 78 56 49 49
June 15, 2007 100 83 71 49 49 49
June 15, 2008 100 76 64 49 49 49
June 15, 2009 100 69 57 49 49 49
June 15, 2010 100 62 51 49 49 49
June 15, 2011 100 55 49 49 49 49
June 15, 2012 98 49 49 49 49 49
June 15, 2013 91 49 49 49 49 48
June 15, 2014 83 49 49 49 49 33
June 15, 2015 75 49 49 49 49 21
June 15, 2016 66 49 49 49 49 12
June 15, 2017 57 49 49 49 49 5
June 15, 2018 50 49 49 49 41 0
June 15, 2019 49 49 49 49 28 0
June 15, 2020 49 49 49 41 17 0
June 15, 2021 49 49 49 24 7 0
June 15, 2022 49 49 47 10 0 0
June 15, 2023 49 49 34 4 0 0
June 15, 2024 49 38 20 0 0 0
June 15, 2025 49 19 8 0 0 0
June 15, 2026 35 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 23.4 19.3 18.0 15.4 14.3 11.8
---------------------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
(CREDIT SUISSE/FIRST BOSTON logo appears here)
Deutsche Senior/Subordinated Pass-Through Certificates,
Series 1997-I
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
--------------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name & Type Par % Life Yield Pay Pay Dur.
--------------------------------------------------------------------------------
To Call:
A1 SENIOR 34,713,000 6.3500 1.10 6.223 7/97 9/99 1.02
A2 SENIOR 25,021,000 6.5500 3.10 6.558 9/99 7/01 2.71
A3 SENIOR 19,982,000 6.7000 5.10 6.769 7/01 12/03 4.17
A4 SENIOR 7,105,000 6.9000 7.10 6.959 12/03 3/05 5.43
A5 SENIOR 20,813,000 7.2000 10.00 7.270 3/05 3/10 6.86
A6 SENIOR 19,867,000 7.4750 15.43 7.570 3/10 11/13 8.83
M AA MEZZ 12,508,000 7.3750 10.46 7.470 2/02 11/13 6.78
B1 BBB SUB 14,929,000 7.5750 9.98 7.670 2/02 11/13 6.55
B2 BB SUB 6,456,769 9.2750 11.59 9.420 2/02 11/13 6.45
-------------------------------
To Maturity:
A6 SENIOR 19,867,000 7.4750 16.93 7.569 3/10 2/20 9.20
M AA MEZZ 12,508,000 7.3750 10.72 7.470 2/02 7/16 6.85
B1 BBB SUB 14,929,000 7.5750 9.99 7.670 2/02 8/14 6.55
B2 BB SUB 6,456,769 9.2750 15.38 9.420 2/02 4/24 7.02
--------------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 160% MHP.
(2) Coupon and price assumed for computational material.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 99-31 Coupon: 6.3500 Original Par: 34,713,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.38 6.31 6.28 6.22 6.19 6.09
Average Life: 5.15 1.88 1.55 1.10 0.93 0.67
Duration: 4.08 1.69 1.41 1.02 0.87 0.63
First Prin Pay: 7/97 7/97 7/97 7/97 7/97 7/97
Last Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31 Coupon: 6.5500 Original Par: 25,021,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.61 6.59 6.58 6.56 6.54 6.51
Average Life: 11.82 5.37 4.43 3.10 2.59 1.84
Duration: 7.96 4.37 3.71 2.71 2.30 1.68
First Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98
Last Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-27 Coupon: 6.7000 Original Par: 19,982,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.78 6.78 6.78 6.77 6.76 6.75
Average Life: 15.60 8.60 7.22 5.10 4.07 2.84
Duration: 9.36 6.31 5.52 4.17 3.45 2.51
First Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99
Last Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
-----------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-30+ Coupon: 6.9000 Original Par: 7,105,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 6.98 6.97 6.97 6.96 6.95 6.93
Average Life: 18.32 11.60 9.90 7.10 5.52 3.57
Duration: 10.08 7.73 6.94 5.43 4.44 3.06
First Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00
Last Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-31+ Coupon: 7.2000 Original Par: 20,813,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.28 7.28 7.28 7.27 7.26 7.24
Average Life: 21.11 15.17 13.37 10.00 8.04 4.71
Duration: 10.49 8.90 8.27 6.86 5.87 3.85
First Prin Pay: 6/16 12/09 3/08 3/05 7/03 4/01
Last Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
-----------------------------------------------------------------------------
A6 SENIOR
Price: 99-29 Coupon: 7.4750 Original Par: 19,867,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 24.76 20.66 18.97 15.43 13.19 8.93
Duration: 10.90 10.16 9.79 8.83 8.08 6.25
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: 99-29+
Bond Yield: 7.57 7.57 7.57 7.57 7.57 7.56
Average Life: 25.83 21.83 20.39 16.93 14.65 9.94
Duration: 11.05 10.37 10.07 9.20 8.50 6.64
First Prin Pay: 10/20 8/15 11/13 3/10 12/07 10/03
Last Prin Pay: 4/26 12/23 5/22 2/20 12/17 6/13
-----------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
-----------------------------------------------------------------------------
M AA MEZZ
Price: 99-27 Coupon: 7.3750 Original Par: 12,508,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 20.89 15.17 13.50 10.46 9.44 7.75
Duration: 10.21 8.58 8.00 6.78 6.37 5.61
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: ▇▇-▇▇
▇▇▇▇ ▇▇▇▇▇: 7.48 7.47 7.47 7.47 7.47 7.47
Average Life: 21.10 15.38 13.76 10.72 9.78 8.26
Duration: 10.24 8.62 8.05 6.85 6.48 5.82
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 11/24 3/21 12/19 7/16 11/14 7/11
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-28 Coupon: 7.5750 Original Par: 14,929,000
-----------------------------------------------------------------------------
To Call:
Bond Yield: 7.68 7.68 7.67 7.67 7.67 7.66
Average Life: 20.60 14.69 13.03 9.98 9.07 7.60
Duration: 10.00 8.36 7.77 6.55 6.17 5.50
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 10/22 1/19 4/17 11/13 9/11 11/07
---------------------------
To Maturity:
Price: ▇▇-▇▇
▇▇▇▇ ▇▇▇▇▇: 7.68 7.68 7.67 7.67 7.67 7.67
Average Life: 20.61 14.70 13.04 9.99 9.11 7.74
Duration: 10.00 8.36 7.78 6.55 6.18 5.56
First Prin Pay: 3/12 3/05 12/03 2/02 1/02 1/02
Last Prin Pay: 6/23 9/19 1/18 8/14 12/12 12/09
-----------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class A-1
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 88 72 67 54 46 25
June 15, 1999 81 47 36 9 0 0
June 15, 2000 73 21 5 0 0 0
June 15, 2001 65 0 0 0 0 0
June 15, 2002 55 0 0 0 0 0
June 15, 2003 45 0 0 0 0 0
June 15, 2004 33 0 0 0 0 0
June 15, 2005 20 0 0 0 0 0
June 15, 2006 7 0 0 0 0 0
June 15, 2007 0 0 0 0 0 0
June 15, 2008 0 0 0 0 0 0
June 15, 2009 0 0 0 0 0 0
June 15, 2010 0 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 5.2 1.9 1.5 1.1 0.9 0.7
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class A-2
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 89 33
June 15, 2000 100 100 100 54 22 0
June 15, 2001 100 95 66 1 0 0
June 15, 2002 100 61 27 0 0 0
June 15, 2003 100 29 0 0 0 0
June 15, 2004 100 0 0 0 0 0
June 15, 2005 100 0 0 0 0 0
June 15, 2006 100 0 0 0 0 0
June 15, 2007 91 0 0 0 0 0
June 15, 2008 70 0 0 0 0 0
June 15, 2009 47 0 0 0 0 0
June 15, 2010 22 0 0 0 0 0
June 15, 2011 0 0 0 0 0 0
June 15, 2012 0 0 0 0 0 0
June 15, 2013 0 0 0 0 0 0
June 15, 2014 0 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 11.8 5.4 4.4 3.1 2.6 1.8
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class A-3
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 33
June 15, 2001 100 100 100 100 52 0
June 15, 2002 100 100 100 50 0 0
June 15, 2003 100 100 88 16 0 0
June 15, 2004 100 96 53 0 0 0
June 15, 2005 100 62 27 0 0 0
June 15, 2006 100 38 2 0 0 0
June 15, 2007 100 16 0 0 0 0
June 15, 2008 100 0 0 0 0 0
June 15, 2009 100 0 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 92 0 0 0 0 0
June 15, 2012 62 0 0 0 0 0
June 15, 2013 40 0 0 0 0 0
June 15, 2014 17 0 0 0 0 0
June 15, 2015 0 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 15.6 8.6 7.2 5.1 4.1 2.8
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class A-4
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 0
June 15, 2002 100 100 100 100 100 0
June 15, 2003 100 100 100 100 5 0
June 15, 2004 100 100 100 57 0 0
June 15, 2005 100 100 100 0 0 0
June 15, 2006 100 100 100 0 0 0
June 15, 2007 100 100 43 0 0 0
June 15, 2008 100 85 0 0 0 0
June 15, 2009 100 26 0 0 0 0
June 15, 2010 100 0 0 0 0 0
June 15, 2011 100 0 0 0 0 0
June 15, 2012 100 0 0 0 0 0
June 15, 2013 100 0 0 0 0 0
June 15, 2014 100 0 0 0 0 0
June 15, 2015 75 0 0 0 0 0
June 15, 2016 0 0 0 0 0 0
June 15, 2017 0 0 0 0 0 0
June 15, 2018 0 0 0 0 0 0
June 15, 2019 0 0 0 0 0 0
June 15, 2020 0 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 18.3 11.6 9.9 7.1 5.5 3.6
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class A-5
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 83
June 15, 2002 100 100 100 100 100 32
June 15, 2003 100 100 100 100 100 7
June 15, 2004 100 100 100 100 73 0
June 15, 2005 100 100 100 93 48 0
June 15, 2006 100 100 100 69 27 0
June 15, 2007 100 100 100 48 8 0
June 15, 2008 100 100 94 29 0 0
June 15, 2009 100 100 74 11 0 0
June 15, 2010 100 89 55 0 0 0
June 15, 2011 100 69 37 0 0 0
June 15, 2012 100 51 21 0 0 0
June 15, 2013 100 35 6 0 0 0
June 15, 2014 100 19 0 0 0 0
June 15, 2015 100 2 0 0 0 0
June 15, 2016 98 0 0 0 0 0
June 15, 2017 72 0 0 0 0 0
June 15, 2018 53 0 0 0 0 0
June 15, 2019 32 0 0 0 0 0
June 15, 2020 8 0 0 0 0 0
June 15, 2021 0 0 0 0 0 0
June 15, 2022 0 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.2 13.4 10.0 8.0 4.7
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class A-6
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 100 100 100
June 15, 2003 100 100 100 100 100 100
June 15, 2004 100 100 100 100 100 85
June 15, 2005 100 100 100 100 100 67
June 15, 2006 100 100 100 100 100 53
June 15, 2007 100 100 100 100 100 41
June 15, 2008 100 100 100 100 91 32
June 15, 2009 100 100 100 100 76 25
June 15, 2010 100 100 100 95 63 19
June 15, 2011 100 100 100 80 51 14
June 15, 2012 100 100 100 67 42 6
June 15, 2013 100 100 100 56 34 0
June 15, 2014 100 100 91 46 27 0
June 15, 2015 100 100 77 37 18 0
June 15, 2016 100 85 63 29 9 0
June 15, 2017 100 70 50 18 2 0
June 15, 2018 100 59 42 11 0 0
June 15, 2019 100 48 33 4 0 0
June 15, 2020 100 37 22 0 0 0
June 15, 2021 81 23 10 0 0 0
June 15, 2022 55 9 0 0 0 0
June 15, 2023 45 3 0 0 0 0
June 15, 2024 33 0 0 0 0 0
June 15, 2025 17 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 25.8 21.8 20.4 16.9 14.7 9.9
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class M
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
---------------------------------------------------------------------------------------------
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 45
June 15, 2006 100 90 78 56 49 35
June 15, 2007 100 83 71 49 42 28
June 15, 2008 100 76 64 42 35 22
June 15, 2009 100 69 57 37 29 17
June 15, 2010 100 62 51 31 24 9
June 15, 2011 100 55 45 26 20 0
June 15, 2012 98 49 39 22 16 0
June 15, 2013 91 44 34 18 10 0
June 15, 2014 83 38 29 15 3 0
June 15, 2015 75 33 25 7 0 0
June 15, 2016 66 27 20 0 0 0
June 15, 2017 57 22 16 0 0 0
June 15, 2018 50 19 11 0 0 0
June 15, 2019 43 15 4 0 0 0
June 15, 2020 35 7 0 0 0 0
June 15, 2021 26 0 0 0 0 0
June 15, 2022 18 0 0 0 0 0
June 15, 2023 14 0 0 0 0 0
June 15, 2024 4 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 21.1 15.4 13.8 10.7 9.8 8.3
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
Percent of Principal Outstanding of Class B-1
--------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
--------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
June 15, 1998 100 100 100 100 100 100
June 15, 1999 100 100 100 100 100 100
June 15, 2000 100 100 100 100 100 100
June 15, 2001 100 100 100 100 100 100
June 15, 2002 100 100 100 95 93 90
June 15, 2003 100 100 100 84 80 72
June 15, 2004 100 100 95 73 68 57
June 15, 2005 100 97 86 64 58 43
June 15, 2006 100 90 78 56 49 30
June 15, 2007 100 83 71 49 39 19
June 15, 2008 100 76 64 40 29 10
June 15, 2009 100 69 57 31 21 3
June 15, 2010 100 62 51 23 14 0
June 15, 2011 100 55 43 16 7 0
June 15, 2012 98 49 35 10 2 0
June 15, 2013 91 42 28 5 0 0
June 15, 2014 83 34 21 0 0 0
June 15, 2015 75 26 14 0 0 0
June 15, 2016 66 18 8 0 0 0
June 15, 2017 57 11 2 0 0 0
June 15, 2018 50 6 0 0 0 0
June 15, 2019 41 1 0 0 0 0
June 15, 2020 29 0 0 0 0 0
June 15, 2021 16 0 0 0 0 0
June 15, 2022 4 0 0 0 0 0
June 15, 2023 0 0 0 0 0 0
June 15, 2024 0 0 0 0 0 0
June 15, 2025 0 0 0 0 0 0
June 15, 2026 0 0 0 0 0 0
June 15, 2027 0 0 0 0 0 0
Avg Life In Years: 20.6 14.7 13.0 10.0 9.1 7.7
---------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "Material"), is privileged and confidential, is intended for
use by the addressee only, and may not be provided to any third party other than
the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information. Prospective investors are advised to
read carefully, and should rely solely on, the final prospectus and prospectus
supplement (the "Final Prospectus") related to Deutsche Financial Capital
Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series
1997-I (the "DFC 97-I Certificates") in making their investment decisions. This
material does not include all relevant information relating to the DFC 97-I
Certificates described herein, particularly with respect to the risk and special
considerations associated with an investment in DFC 97-I Certificates. All
information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement and Final Prospectus. Although the information contained in the
material is based on sources the Underwriters believe to be reliable, the
Underwriters make no representation or warranty that such information is
accurate or complete. Such information should not be viewed as projections,
forecasts, predictions, or opinions with respect to value. Prior to making any
investment decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
(Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ logo appears here)
