8-K 1 a32145.txt CIT EC EF 2001-A Securities and Exchange Commission Washington, DC 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report: 15-Feb-02 CIT EC EF 2001-A A New York Commission File I.R.S. Employer Corporation No. 0001159705 c/o CIT Financial USA, Inc. 1 Tyco Drive, Livingston, N.J. 07039 Telephone Number (973) 740-5000 Page 1 of 8 Item 5. Other CIT Equipment Collateral - EF - 2001-A Monthly Servicing Report

Page 2 of 8

Page 3 of 8 III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

IV. Information Regarding the Securities A Summary of Balance Information

Page 4 of 8 B Other Information

V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT 1. Principal Balance of Notes and Equity Certificates 946,224,204.99 (End of Prior Collection Period) 2. Contract Pool Principal Balance (End of Collection Period) 910,262,328.44 -------------- Total monthly principal amount 35,961,876.55

VI. CONTRACT POOL DATA A. CONTRACT POOL CHARACTERISTICS

Page 5 of 8 B. DELINQUENCY INFORMATION

C. DEFAULTED CONTRACT INFORMATION A. Current Period Defaulted New Valuation Amount 2,099,432.04 Current Valuation Reversal 0.00 Current Period Gross loss on Liquidated Contract 0.00 -------------- Total Gross Loss 2,099,432.04 B. Payments Received on Defaulted Contracts -43,367.10 C. Proceeds received on Liquidated Contracts 0.00 -------------- D. Current Month Net Loss Amount 2,056,064.94 E. Cumulative Valuation Amount to date 3,721,959.64 % of Initial Contracts 0.159% % of Initial Contract Pool Balance 0.331%

VII. INFORMATION REGARDING THE RESERVE ACCOUNT A. RESERVE ACCOUNT 1. Opening Reserve Account Balance 14,477,230.34 2. Investment Earnings 19,546.34 3. Deposit from the Collection Account 22,084.61 4. Withdrawls from the Reserve Account - 5. Interest payment to the Holdback Designee (41,630.95) 6. Release of Reserve Account Surplus (550,216.71) 7. Ending Reserve Account Balance 13,927,013.63 8. Available amount 14,477,230.34 9. Required Reserve Account Amount 13,927,013.63 10. Reserve Account Surplus/(Shortfall) -

Page 6 of 8 VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE 1. Opening Servicer Advance Balance 10,109,088.67 2. Current Period Servicer Advance 2,876,470.74 3. Recoveries of prior Servicer Advances (4,066,484.09) -------------- 4. Ending Servicer Advance Balance 8,919,075.32 D. OTHER RELATED INFORMATION 1. Life to Date Prepayment (CPR) 14.0% 2. Life to Date Substitutions: a. Prepayments 0.00 b. Defaults 0.00

Page 7 of 8 NCT Funding Company LLC, Allfirst Bank, as trustee under the Indenture, and CIT Financial USA, Inc., in its individual capacity and as Servicer, DO HEREBY CERTIFY that I am a Responsible Officer of the Servicer and, pursuant to Section 9.02 of the Pooling and Servicing Agreement, I DO HEREBY FURTHER CERTIFY the following report with respect to the Payment Date occurring on 02/20/02 This Certificate shall constitute the Servicer's Certificate as required by Section 9.02 of the Pooling and Servicing Agreement with respect to the above Payment Date. Any term capitalized but not defined herein shall have the meaning ascribed thereto in the Pooling and Servicing Agreement. CIT Financial USA, Inc. Glenn Votek ----------- Glenn Votek Executive Vice President, and Treasurer Page 8 of 8

Filing Compare · CIT EC EF 2001-A