8-K 1 a36353.txt CIT EQUIPMENT COLLATERAL 2002-VT1 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: 16-Oct-03 CIT Equipment Collateral 2002-VT1 A Delaware Commission File I.R.S. Employer Corporation No. 0001172747 No. 51-0407692 c/o Capita Corporation 1 CIT Drive, Livingston, New Jersey 07039 Telephone number: (973)740-5000 Page 2 of 8 Item 5. Other CIT Equipment Collateral 2002-VT1 Monthly Servicing Report

Page 3 of 8 II. DISTRIBUTION AMOUNTS A. COLLECTION ACCOUNT DISTRIBUTIONS 1. Servicing Fee 297,760.42 2. Class A-1 Note Interest Distribution 0.00 Class A-1 Note Principal Distribution 0.00 Aggregate Class A-1 distribution 0.00 3. Class A-2 Note Interest Distribution 39,455.60 Class A-2 Note Principal Distribution 16,326,456.73 Aggregate Class A-2 distribution 16,365,912.33 4. Class A-3 Note Interest Distribution 1,071,308.33 Class A-3 Note Principal Distribution 12,499,572.11 Aggregate Class A-3 distribution 13,570,880.44 5. Class A-4 Note Interest Distribution 414,657.08 Class A-4 Note Principal Distribution 0.00 Aggregate Class A-4 distribution 414,657.08 6. Deposit to the Class A Principal Account 0.00 7. Class B Note Interest Distribution 43,343.99 Class B Note Principal Distribution 854,680.10 Aggregate Class B distribution 898,024.09 8. Class C Note Interest Distribution 26,441.12 Class C Note Principal Distribution 466,189.15 Aggregate Class C distribution 492,630.27 9. Class D Note Interest Distribution 61,457.75 Class D Note Principal Distribution 932,378.29 Aggregate Class D distribution 993,836.04 10. Deposit to the Cash Collateral Account 0.00 11. Amounts in accordance with the CCA Loan Agreement 0.00 12. Remainder to the holder of the equity certificate 0.00 Collection Account Distributions = 33,033,700.67 ============= B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 0.00 2. Payment due on the Holdback 1,865,143.99 3. Payment to the Depositor 0.00 ------------- Cash Collateral Account Distributions = 1,865,143.99 ============= C. INCORRECT DEPOSITS TO BE RETURNED TO CIT Collection Account Distributions = 0.00 -------------

Page 4 of 8 III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

IV. Information Regarding the Securities A Summary of Balance Information

B Other Information

Page 5 of 8 V. PRINCIPAL

VI. CONTRACT POOL DATA

Page 6 of 8 VII. MISCELLANEOUS INFORMATION

Page 7 of 8 NCT Funding Company LLC, Allfirst Bank, as trustee under the Indenture, and Capita Corporation, 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 10/20/03 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. Capita Corporation Glenn Votek ----------- Glenn Votek Executive Vice President, and Treasurer Page 8 of 8

CIT EQUIPMENT COLLATERAL 2002-VT1 8-K