EX-99.1 3 a92984exv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 TRIAD AUTOMOBILE RECEIVABLES TRUST 2002-A Class A-1 1.72313% Asset Backed Notes Class A-2 1.99% Asset Backed Notes Class A-3 2.62% Asset Backed Notes Class A-4 3.24% Asset Backed Notes SCHEDULE B - SERVICER'S CERTIFICATE This Servicer's Certificate has been prepared pursuant to Section 4.9 of the Sale and Servicing Agreement among Triad Automobile Receivables Trust 2002-A, as Issuer, Triad Financial Corporation, as Servicer and Custodian, Triad Financial Special Purpose LLC, as Seller, and JPMorgan Chase Bank, as the Backup Servicer and Indenture Trustee, dated as of August 1, 2002. Defined terms have the meanings assigned to them in the Sale and Servicing Agreement or in other Transaction Documents. The undersigned hereby certifies that no Trigger Event has occurred on the related Determination Date and that, to the knowledge of the Servicer, no Insurance Agreement Event of Default has occurred.

1 TRIAD AUTOMOBILE RECEIVABLES TRUST 2002-A Class A-1 1.72313% Asset Backed Notes Class A-2 1.99% Asset Backed Notes Class A-3 2.62% Asset Backed Notes Class A-4 3.24% Asset Backed Notes SCHEDULE B - SERVICER'S CERTIFICATE

2 TRIAD AUTOMOBILE RECEIVABLES TRUST 2002-A Class A-1 1.72313% Asset Backed Notes Class A-2 1.99% Asset Backed Notes Class A-3 2.62% Asset Backed Notes Class A-4 3.24% Asset Backed Notes SCHEDULE B - SERVICER'S CERTIFICATE

For additional information on Triad Financial Corporation and portfolio performance statistics, please review the investor relations information available on Triad's website at: www.triadfinancial.com By: (S)/Mike Wilhelms Name: Mike Wilhelms Title: Sr. VP & Chief Financial Officer Date: 4-Sep-2003 3 TRIAD AUTOMOBILE RECEIVABLES TRUST 2002-A Class A-1 1.72313% Asset Backed Notes Class A-2 1.99% Asset Backed Notes Class A-3 2.62% Asset Backed Notes Class A-4 3.24% Asset Backed Notes STATEMENT TO NOTEHOLDERS This Statement to Noteholders' has been prepared pursuant to Section 5.10 of the Sale and Servicing Agreement among Triad Automobile Receivables Trust 2002-A, as Issuer, Triad Financial Corporation, as Servicer and Custodian, Triad Financial Special Purpose LLC, as Seller, and JPMorgan Chase Bank, as the Backup Servicer and Indenture Trustee, dated as of August 1, 2002. Defined terms have the meaning assigned to them in the Sale and Servicing Agreement or in the other Transaction Documents. --------------------------------------------- COLLECTION PERIOD BEGINNING: 08/01/2003 Original Pool Balance $ 879,123,207.32 COLLECTION PERIOD ENDING: 08/31/2003 PREV. DISTRIBUTION/CLOSE DATE: 08/12/2003 Beginning of Period Pool Balance 638,206,390.95 DISTRIBUTION DATE: 09/12/2003 Principal Reduction during preceding Collection Period 24,135,696.31 DAYS OF INTEREST FOR PERIOD: 31 End of Period Pool Balance $ 614,070,694.64 DAYS IN COLLECTION PERIOD: 31 MONTHS SEASONED: 13 ---------------------------------------------

4 TRIAD AUTOMOBILE RECEIVABLES TRUST 2002-A Class A-1 1.72313% Asset Backed Notes Class A-2 1.99% Asset Backed Notes Class A-3 2.62% Asset Backed Notes Class A-4 3.24% Asset Backed Notes STATEMENT TO NOTEHOLDERS ------------------------------------------------------------------------------------------------------------------------- VII. DELINQUENCY SUMMARY: (PRECEDING COLLECTION PERIOD) ------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------- Receivables with Scheduled Payment delinquent UNITS DOLLARS PERCENTAGE ----------------------------------------------- (28) 31-60 days (28) 2,918 $40,026,124 6.52% (29) 61-90 days (29) 884 11,559,670 1.88% (30) over 90 days (30) 672 8,791,351 1.43% ----------------------------------------------- (31) Receivables with Scheduled Payment delinquent more than 30 days at end of period (31) 4,474 $60,377,145 9.83% ----------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- VIII. NET LOSS RATE: (PRECEDING COLLECTION PERIOD) ------------------------------------------------------------------------------------------------------------------------- (32) Total Net Liquidation Losses for the preceding Collection Period (32) 4,775,275.39 (33) Beginning of Period Pool Balance (33) 638,206,390.95 (34) Net Loss Rate (34) 0.75% ------------------------------------------------------------------------------------------------------------------------- IX. MONTHLY EXTENSION RATE (PRECEDING COLLECTION PERIOD) ------------------------------------------------------------------------------------------------------------------------- (35) Aggregrate Principal Balance of Receivables extended during the preceding collection period (35) 10,271,013.15 (36) Beginning of Period Pool Balance (36) 638,206,390.95 (37) Monthly Extension Rate (37) 1.61% ------------------------------------------------------------------------------------------------------------------------- X. PERFORMANCE TESTS: ------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- DELINQUENCY RATE (38) Receivables with Scheduled Payment delinquent > 60 days at end of preceding collection period ( 29 + 30 ) (38) $20,351,021.14 --------------- (39) End of period Principal Balance (39) 614,070,694.64 --------------- (40) Delinquency Ratio (38) divided by (39) (40) 3.31% ---------------- (41) Delinquency Rate Trigger Level for the Preceding Collection Period (41) 9.75% ---------------- (42) Preceding Collection Period Delinquency Rate Compliance (42) PASS ---------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ROLLING AVERAGE NET LOSS RATE (43) Net Loss Rate in Preceding Collection Period (43) 0.75% --------------- (44) Net Loss Rate in Second Preceding Collection Period (44) 0.72% --------------- (45) Net Loss Rate in Third Preceding Collection Period (45) 0.63% --------------- (46) Rolling Average Net Loss Rate ((43) +(44) +(45)) / 3 (46) 0.70% ---------------- (47) Rolling Average Net Loss Rate Trigger Level for the Preceding Collection Period (47) 16.00% ---------------- (48) Preceding Collection Period Rolling Average Net Loss Rate Compliance (48) PASS ---------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- AVERAGE MONTHLY EXTENSION RATE (49) Principal Balance of Receivables extended during preceding Collection Period (49) 1.61% --------------- (50) Principal Balance of Receivables extended during the Second Preceding Collection Period (50) 1.78% --------------- (51) Principal Balance of Receivables extended during the Third Preceding Collection Period (51) 1.61% --------------- (52) Average Monthly Extension Rate ((49) +(50)+(51)) / 3 (52) 1.67% ---------------- (53) Average Monthly Extension Rate Compliance (Extension Rate Maximum = 4%) (53) PASS ---------------- -----------------------------------------------------------------------------------------------------------------

TRIAD AUTOMOBILE RECEIVABLES TRUST 2002 A 8-K