8-K 1 a8k2003d.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report(Date of earliest event reported): April 30, 2004 Onyx Acceptance Owner Trust 2004-A ------------------------------------------------------------------------------ (Issuer with respect to Certificates) Onyx Acceptance Financial Corporation ------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Commission File Number 333-103244 (I.R.S. EmployerIdentification No.) 33-0639768 State or other jurisdiction of incorporation or organization Delaware Onyx Acceptance Financial Corporation 27051 Towne Centre Drive Foothill Ranch 92610 949 465-3900 Item 5. Other Events On behalf of the Onyx Acceptance Owner Trust 2004-A, (the"Trust"), a trust created pursuant to the Trust Agreement dated as of February 1, 2004 with Onyx Acceptance Financial Corporation as registrant and seller and JP Morgan Chase Bank as Owner Trustee and Trust Agent, the registrant has caused to be filed with the Commission, the April 2004 monthly Distribution Date Statement with respect to the Trust. This Distribution Date Statement is filed pursuant to and in accordance with a no action request filed on August 21, 1995 with the Commission by Onyx Acceptance Financial Corporation, originator of the Onyx Acceptance Owner Trust 2004-A and Onyx Acceptance Corporation as servicer and the affirmative response thereto by the Securities and Exchange Commission dated September 22, 1995. The filing of the monthly Distribution Date Statement will occur subsequent to each monthly distribution to the Trust's Securityholders until and unless exempted under provisions of the Securities and Exchange Act. Item 7. Financial Statements and Exhibits (a) Financial Statements None (c) Exhibits Exhibit No. 19.Monthly Distribution Date Statement of the Onyx Acceptance Owner Trust 2004-A for the month of April 2004. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Onyx Acceptance Financial Corporation /s/ DON P. DUFFY By:_____________________________________________________ Don P. Duffy Executive Vice President Exhibit 19

Onyx Acceptance Owner Trust 2004_A 1.12% Class A-1 Auto Loan Backed Notes CUSIP 68338SEC8 $91,000,000 1.52% Class A-2 Auto Loan Backed Notes CUSIP 68338SED6 $115,000,000 2.19% Class A-3 Auto Loan Backed Notes CUSIP 68338SEE4 $128,000,000 2.94% Class A-4 Auto Loan Backed Notes CUSIP 68338SEF1 $116,000,000 N/A Class B Auto Loan Backed Notes $0 30-Aug-00 Total Securities Issued $450,000,000 Collection Period Beginning on: 0304/01/04 Collection Period Ending on: 0304/3130/04 Distribution Date: 0405/1517/04 1 Original Pool Balance of underlying Contracts $450,000,000.00 1a Subsequent Contracts $46,322,129.46 1b Original Prefunded Amount $129,897,957.08 2 Collection Period Beginning Pool Balance of underlying Contracts $~~395~~421,~~957~~413,~~532~~452.6400 3 Securities Balance : Beginning $~~437~~421,~~484~~413,~~540~~451.8789 Net Collections for the Collection Period 4 Monthly P&I, partial prepayments & Full Prepayments in Calendar Month $1917,~~346~~937,~~631~~648.9456 5 Full Prepayments through first 5 business days of current month (Precompute only) 013,751.0057 5a Full Prepayments through first 5 business days of current month (Simple interest only) 1,~~641~~622,~~002~~863.5041 6 Full Prepayments included in Prior Collection Period (Precompute only) ~~27,845~~0.1300 6a Full Prepayments included in Prior Collection Period (Simple Interest only) 1,~~730~~641,~~874~~002.4950 7 Partial Prepayments of Rule of 78's contracts deposited to PayAhead Acct 73,~~211~~771.7973 8 Amounts Withdrawn from PayAhead Acct & Deposited to Collection Acct 0.00 9 Capitalized Interest Amount ~~46,597~~0.3300 10 Net Liquidation Proceeds on Defaulted Contracts 790,~~875~~878.0075 11 Net Liquidation Proceeds first 5 business days of current month 0.00 12 Net Liquidation Proceeds included in Prior Collection Period 0.00 13 Net Insurance Proceeds 0.00 14 Net Insurance Proceeds first 5 business days of current month 0.00 15 Net Insurance Proceeds included in Prior Collection Period 0.00 16 Aggregate Purchase Amount for Purchased Contracts (Repurchases) 03,937.0009 17 Reinvestment earnings on Funds in Collection Acct (ccma acct #012958) 911,~~179~~660.3451 17a Prepayment Amount (Final Funding Period Distribution Date only) (236) 0.00 17b Investment earnings on funds in Prefunding Account ~~27,871~~0.7400 18 Net Collections $1918,~~313~~035,~~226~~965.4466 Computation of Regular Principal Distributable Amount 19 Scheduled Principal Decline (recomputed actuarial) Precompute contracts only ~~119~~118,~~709~~425.5574 20 Principal Collected: Payments only - Simple Interest contracts 7,~~217~~064,~~728~~731.5812 21 Principal Collected: Full Prepayments - S.I. thru month-end 75,~~015~~797,~~499~~540.5142 22 Full Prepayments through first 5 business days of current month: Simple Interest only 1,~~641~~622,~~002~~863.5041 23 Full Prepayments: Precompute only thru month end 61104,~~640~~314.2476 24 Full Prepayments through first 5 business days of current month: Precompute only 013,751.0057 25 Defaulted Contracts (Liquidated Proceeds received) 15166,~~508~~293.6052 26 Defaulted Contracts thru 1st 5 business days of current month 0.00 27 Defaulted Contracts (4 or more periods.) 0.00 28 Defaulted Contracts (4 or more periods.Liquidated Proceeds not received) 0.00 29 Repurchased Contracts 03,937.0009 30 Regular Principal Distributable Amount (Sum of 19 thru 29) $1614,~~071~~891,~~088~~857.9863 30a Subsequent Contracts sold to Trust during related Collection Period $0.00 30b Prefunded Contracts sold to Trust during related Collection Period $~~41,527,008~~0.3400 31 Collection Period Ending Pool Balance of underlying Contracts $~~421~~406,~~413~~521,~~452~~594.0037 32 Collection Period Ending Pool Balance as a percent of Original Pool Balance 9390.6534% 33 Accelerated Principal Target Level N/A 34 Accelerated Principal Distributable Amount $0.00 Calculation of Class A Note Interest Distributable Amount Class A Note Interest Accrual Period begins Class A Note Interest Accrual Period ends 35 Class A-1 Notes: Outstanding Principal Amount $7862,~~484~~413,~~540~~451.8789 36 Class A-1 Note Interest Carryover Shortfall $0.00 37 Class A-1 Note Interest Accrual over Interest Accrual Period $7562,~~693~~136.9806 38 Class A-1 Note Interest Distributable Amount (36 + 37) $7562,~~693~~136.9806 39 Class A-2 Notes: Outstanding Principal Amount $115,000,000.00 40 Class A-2 Note Interest Carryover Shortfall $0.00 41 Class A-2 Note Interest Accrual over Interest Accrual Period $145,666.67 42 Class A-2 Note Interest Distributable Amount (40 + 41) $145,666.67 43 Class A-3 Notes: Outstanding Principal Amount $128,000,000.00 44 Class A-3 Note Interest Carryover Shortfall $0.00 45 Class A-3 Note Interest Accrual over Interest Accrual Period $233,600.00 46 Class A-3 Note Interest Distributable Amount (44 + 45) $233,600.00 47 Class A-4 Notes: Outstanding Principal Amount $116,000,000.00 48 Class A-4 Note Interest Carryover Shortfall $0.00 49 Class A-4 Note Interest Accrual over Interest Accrual Period $284,200.00 50 Class A-4 Note Interest Distributable Amount (48 + 49) $284,200.00 51 Class A Note Interest Distributable Amount $~~739~~725,~~160~~602.6573 Calculation of Class A Note Principal Distributable Amount 52 Class A-1 Note original outstanding principal amount $91,000,000.00 53 Class A-1 Note outstanding principal amount: Beginning (35) $7862,~~484~~413,~~540~~451.8789 54 Class A-1 Note Principal Carryover Shortfall $0.00 55 Class A-1 Note Percentage 100% 56 Class A-1 Note Percentage multiplied by Regular Principal Distributable Amount $1614,~~071~~891,~~088~~857.9863 57 Class A-1 Note Accelerated Principal Distributable Amount $0.00 58 Class A-1 Note Principal Distributable Amount (54 + 56 + 57) $1614,~~071~~891,~~088~~857.9863 59 Class A-1 Note outstanding principal amount: Ending (53 - 58) $6247,~~413~~521,~~451~~594.8926 60 Class A-1 Note Pool Factor (59 / 52) 0.~~685862~~522215 61 Class A-2 Note original outstanding principal amount $115,000,000.00 62 Class A-2 Note outstanding principal amount: Beginning (39) $115,000,000.00 63 Class A-2 Note Principal Carryover Shortfall $0.00 64 Class A-2 Note Percentage 0% 65 Class A-2 Note Percentage multiplied by Regular Principal Distributable Amount $0.00 66 Class A-2 Note Accelerated Principal Distributable Amount $0.00 67 Class A-2 Note Principal Distributable Amount (63 + 65 + 66) $0.00 68 Class A-2 Note outstanding principal amount: Ending (62 - 67) $115,000,000.00 69 Class A-2 Note Pool Factor (68 / 61) 1.000000 70 Class A-3 Note original outstanding principal amount $128,000,000.00 71 Class A-3 Note outstanding principal amount: Beginning (43) $128,000,000.00 72 Class A-3 Note Principal Carryover Shortfall $0.00 73 Class A-3 Note Percentage 0% 74 Class A-3 Note Percentage multiplied by Regular Principal Distributable Amount $0.00 75 Class A-3 Note Accelerated Principal Distributable Amount $0.00 76 Class A-3 Note Principal Distributable Amount (72 + 74 + 75) $0.00 77 Class A-3 Note outstanding principal amount: Ending (71 - 76) $128,000,000.00 78 Class A-3 Note Pool Factor (77 / 70) 1.000000 79 Class A-4 Note original outstanding principal amount $116,000,000.00 80 Class A-4 Note outstanding principal amount: Beginning (47) $116,000,000.00 81 Class A-4 Note Principal Carryover Shortfall $0.00 82 Class A-4 Note Percentage 0% 83 Class A-4 Note Percentage multiplied by Regular Principal Distributable Amount $0.00 84 Class A-4 Note Accelerated Principal Distributable Amount $0.00 85 Class A-4 Note Principal Distributable Amount (81 + 83 + 84) $0.00 86 Class A-4 Note outstanding principal amount: Ending (80 - 85) $116,000,000.00 87 Class A-4 Note Pool Factor (86 / 79) 1.000000 88 Class A Note Principal Distributable Amount - Total all Class A Notes $1614,~~071~~891,~~088~~857.9863 89 Class A Note outstanding principal amount - Total all Class A Notes: Ending $~~421~~406,~~413~~521,~~451~~594.8926 90 Accelerated Principal Distributable Amount $0.00 91 Class A Note Distributable Amount - Total all Class A Notes $1615,~~810~~617,~~249~~460.6336 92 Memo: Class A Note Principal Carryover Shortfall $0.00 Calculation of Class B Note Interest Distributable Amount 93 Class B Note Interest Accrual Period begins 94 Class B Note Interest Accrual Period ends 95 Class B Note Balance as of immediately preceding Distribution Date $0.00 96 Class B Note Interest Carryover Shortfall $0.00 97 Class B Note Interest Accrual over Interest Accrual Period @ $0.00 98 Class B Note Interest Distributable Amount (96 + 97) $0.00 Calculation of Class B Note Principal Distributable Amount 99 Original Class B Note Balance $0.00 100 Class B Note Balance: Beginning (95) $0.00 101 Class B Note Principal Carryover Shortfall $0.00 102 Class B Note Percentage 0% 103 Class B Note Percentage multiplied by Regular Principal Distributable Amount $0.00 104 Class B Note Principal Distributable Amount (101 + 103) $0.00 105 Class B Note Balance: Ending (100 - 104) $0.00 106 Class B Note Pool Factor (105 / 99) 0.000000 107 Class B Note Distributable Amount (Principal & Interest) (98 + 104) $0.00 108 Securities Balance - Beginning $~~437~~421,~~484~~413,~~540~~451.8789 109 Principal Distribution Amount $1614,~~071~~891,~~088~~857.9863 110 Securities Balance - Ending $~~421~~406,~~413~~521,~~451~~594.8926 Calculation of Total Distribution Amount 111 Interest Distribution Amount $~~739~~725,~~160~~602.6573 112 Principal Distribution Amount $1614,~~071~~891,~~088~~857.9863 113 Total Distribution Amount $1615,~~810~~617,~~249~~460.6336 NET COLLECTIONS PAYOUT ALLOCATION OF TOTAL DISTRIBUTION AMOUNT 114 Reinvestment Earnings on Funds in Collection Acct $911,~~179~~660.3451 115 Servicing Fee Paid this Period to Servicer $~~329~~351,~~964~~177.6188 Note Interest Paid Calculation 116 Class A-1 Note Interest Carryover Shortfall (Beginning) $0.00 117 Interest Due on Above Beginning Shortfall $0.00 118 Class A-1 Note Interest Distributable Amount $7562,~~693~~136.9806 119 Class A-1 Note Interest Paid this Period $7562,~~693~~136.9806 120 Class A-1 Note Interest Carryover Shortfall (Ending) $0.00 121 Class A-2 Note Interest Carryover Shortfall (Beginning) $0.00 122 Interest Due on Above Beginning Shortfall $0.00 123 Class A-2 Note Interest Distributable Amount $145,666.67 124 Class A-2 Note Interest Paid this Period $145,666.67 125 Class A-2 Note Interest Carryover Shortfall (Ending) $0.00 126 Class A-3 Note Interest Carryover Shortfall (Beginning) $0.00 127 Interest Due on Above Beginning Shortfall $0.00 128 Class A-3 Note Interest Distributable Amount $233,600.00 129 Class A-3 Note Interest Paid this Period $233,600.00 130 Class A-3 Note Interest Carryover Shortfall (Ending) $0.00 131 Class A-4 Note Interest Carryover Shortfall (Beginning) $0.00 132 Interest Due on Above Beginning Shortfall $0.00 133 Class A-4 Note Interest Distributable Amount $284,200.00 134 Class A-4 Note Interest Paid this Period $284,200.00 135 Class A-4 Note Interest Carryover Shortfall (Ending) $0.00 136 Class A Note Interest Carryover Shortfall (Beginning) $0.00 137 Interest Due on Above Beginning Shortfall $0.00 138 Class A Note Interest Distributable Amount $~~739~~725,~~160~~602.6573 139 Class A Note Interest Paid this Period $~~739~~725,~~160~~602.6573 140 Class A Note Interest Carryover Shortfall (Ending) $0.00 Class B Note Interest Paid Calculation 141 Class B Note Interest Carryover Shortfall (Beginning) $0.00 142 Interest Due on Above Beginning Shortfall $0.00 143 Class B Note Interest Distributable Amount $0.00 144 Class B Note Interest Paid this Period $0.00 145 Class B Note Interest Carryover Shortfall (Ending) $0.00 Class A Note Principal Paid Calculation 146 Class A-1 Note Principal Carryover Shortfall (Beginning) $0.00 147 Class A-1 Note Principal Distributable Amount $1614,~~071~~891,~~088~~857.9863 148 Class A-1 Note Principal Paid this Period $1614,~~071~~891,~~088~~857.9863 149 Class A-1 Note Principal Carryover Shortfall (Ending) $0.00 150 Class A-2 Note Principal Carryover Shortfall (Beginning) $0.00 151 Class A-2 Note Principal Distributable Amount $0.00 152 Class A-2 Note Principal Paid this Period $0.00 153 Class A-2 Note Principal Carryover Shortfall (Ending) $0.00 154 Class A-3 Note Principal Carryover Shortfall (Beginning) $0.00 155 Class A-3 Note Principal Distributable Amount $0.00 156 Class A-3 Note Principal Paid this Period $0.00 157 Class A-3 Note Principal Carryover Shortfall (Ending) $0.00 158 Class A-4 Note Principal Carryover Shortfall (Beginning) $0.00 159 Class A-4 Note Principal Distributable Amount $0.00 160 Class A-4 Note Principal Paid this Period $0.00 161 Class A-4 Note Principal Carryover Shortfall (Ending) $0.00 162 Class A Note Principal Carryover Shortfall (Beginning) $0.00 163 Class A Note Principal Distributable Amount $1614,~~071~~891,~~088~~857.9863 164 Class A Note Principal Paid this Period $1614,~~071~~891,~~088~~857.9863 165 Class A Note Principal Carryover Shortfall (Ending) $0.00 Class B Note Principal Paid Calculation 166 Class B Note Principal Carryover Shortfall (Beginning) $0.00 167 Class B Note Principal Distributable Amount $0.00 168 Class B Note Principal Paid this Period $0.00 169 Class B Note Principal Carryover Shortfall (Ending) $0.00 Summary of Distributions Paid from Net Collections this Period 170 Reinvestment Earnings on Funds in Collection Account Payable to Servicer $911,~~179~~660.3451 171 Servicing Fee Payable to Servicer (1.0% / 12 x Beginning Pool Balance) $~~329~~351,~~964~~177.6188 172 Class A Note Interest Distributable Amount Paid this Period ~~739~~725,~~160~~602.6573 173 Class B Note Interest Distributable Amount Paid this Period 0.00 174 Class A Note Principal Distributable Amount Paid this Period $1614,~~071~~891,~~088~~857.9863 175 Class B Note Principal Distributable Amount Paid this Period $0.00 176 Surety Fee Payable to Insurer 6763,~~810~~212.1002 177 Reinsurance Fee Payable to Insurer 0.00 178 Total Distributions from Collection Account $1716,~~217~~043,~~203~~510.6877 179 Total Excess Spread Available for Deposit to Spread Account $21,~~096~~992,~~022~~454.7689 SPREAD ACCOUNT RECONCILIATION 180 Initial Deposit $5,625,000.00 181 Deposits to Spread Account Prior Collection Periods $13,~~321~~421,~~125~~691.7906 182 Deposit to Spread Account this Collection Period $21,~~096~~992,~~022~~454.7689 183 Reinvestment Earnings on Funds in Spread Acct $45,~~542~~931.5162 184 Draws from Spread Account Prior Periods $0.00 185 Spread Account Balance $911,~~046~~045,~~691~~077.0657 186 Required Spread Account Balance $18,000,000.00 186a Required Spread Account Cash Balance $18,000,000.00 187 Draws from Spread Account this Collection Period $0.00 188 Spread Account Balance net of Draws this Collection Period $911,~~046~~045,~~691~~077.0657 Delinquency Statistics 189 Number of Accts Delinquent 30 - 59 Days ~~109~~136 190 Number of Accts Delinquent 60 - 89 Days 2649 191 Number of Accts Deliquent 90 Days and Over 619 192 Total Number of Delinquent Accounts 30 Days and Over ~~141~~204 193 Aggregate Net Outstanding Balance of Delinquent Loans 30-59 days $~~935~~1,~~128~~166,407 194 Aggregate Net Outstanding Balance of Delinquent Loans 60 - 89 days $~~254~~485,~~683~~902 195 Aggregate Net Outstanding Balance of Delinquent Loans 90 days and over $46154,~~216~~221 196 Total Aggregate Net Outstanding Balance of Delinquent Loans $1,~~236~~806,~~027~~530 197 Policy Claim Amount $0.00 198 Deposit Coverage Amount (Reinsurance) $0.00 Memo: Deposit Coverage Amount + Spread Account Cash Balance Repossession Statistics 199 Number of Accounts in Repo Inventory @ Beginning of Collection Period 634 200 Number of Accounts Repossessed During Collection Period 2934 201 Number of Repo'd Accounts Sold or Reinstated During Collection Period 116 202 Number of Accounts in Repo Inventory @ End of Collection Period 3452 203 Net Outstanding Balance of Accounts in Repo Inventory @ Beginning of Collection Period $97435,~~071~~672.5018 204 Net Outstanding Balance of Accounts Repossessed During Month ~~353~~449,~~726~~284.1506 205 Net Outstanding Balance of Repo Accounts Sold or Reinstated During Month 15204,~~125~~590.4743 206 Net Outstanding Balance of Accounts in Repo Inventory @ End of Collection Period $~~435~~680,~~672~~365.1881 Accounts Outstanding Statistics 207 Original Accounts Outstanding - Initial + Subsequent 21,880 207a Original Accounts Outstanding - Prefunded as of End of Collection Period 8,573 208 Remaining Number of Accounts Outstanding @ End of Collection Period 2928,~~256~~646 Calculation of Net Yield 209 Interest Collected on Contracts 3,~~212~~207,~~719~~862.9829 210 Interest Collected on Contracts - Prior Collection Period 23,~~229~~212,~~392~~719.5298 211 Interest Collected on Contracts - Two Collection Periods Ago 02,229,392.0052 212 Liquidated Contract Balances (less Liquidation proceeds) 775,~~633~~414.6077 213 Liquidated Contract Balances (less Liquidation proceeds) - Prior Collection Period 07,633.0060 214 Liquidated Contract Balances (less Liquidation proceeds) - Two Collection Periods Ago 0.00 215 Interest Paid to Securityholders (111) ~~739~~725,~~160~~602.6573 216 Interest Paid to Securityholders - Prior Collection Period ~~695~~739,~~675~~160.5665 217 Interest Paid to Securityholders - Two Collection Periods Ago 0695,675.0056 218 Servicing Fees Paid to Servicer (171) $~~329~~351,~~964~~177.6188 219 Servicing Fees Paid to Servicer - Prior Collection Period $~~228~~329,~~149~~964.9361 220 Servicing Fees Paid to Servicer - Two Collection Periods Ago $0228,149.0093 221 Ending Pool Balance (31) $~~421~~406,~~413~~521,~~452~~594.0037 222 Ending Pool Balance - Prior Collection Period $~~395~~421,~~957~~413,~~532~~452.6400 223 Ending Pool Balance - Two Collection Periods Ago $0395,957,532.0064 224 Net Yield 5.0539% A.P.R. Statistics 225 Original Dollar Weighted A.P.R. of Initial + Subsequent Contracts only 8.90% 225a Original Dollar Weighted A.P.R. of Prefunded Contracts only 9.14% 226 Dollar Weighted A.P.R. of Remaining Contracts in Trust as of End of Collection Period 8.9896% Credit Loss Statistics 227 Gross Credit Losses during Collection Period (25 + 26 + 27 + 28)) $15166,~~508~~293.6052 228 Recoveries during Collection Period (10+11-12) 790,~~875~~878.0075 229 Net Credit Losses during Collection Period (227 - 228) $775,~~633~~414.6077 230 Cumulative Net Credit Losses $783,~~633~~048.6037 231 Cumulative Net Credit Losses as a Percent of Original Certificate Balance (230 / 1) 0.0002% 232 Memo: Cram Down Losses 0.2030% $02,054.00 233 Remaining Weighted Average Maturity (Months) 5756.78 Calculation of Remaining Prefunded Amount 234 Prefunded Amount at Beginning of Collection Period $~~41,527,008~~0.2300 235 Prefunded Contracts sold to Trust during related Collection Period (30b) $~~41,527,008~~0.3400 236 Prepayment Amount Released to Collection Account to be Paid to A1 Noteholders $0.00 237 Remaining Prefunded Amount (234-235-236) $0.00 Calculation of Capitalized Interest Amount 238 Class A&B Note Interest Distributable Amt allocable to Prefunded Acct balance $~~68,211~~0.4000 239 Portions of Insurance Premium allocable to Prefunded Acct balance $~~6,257~~0.6700 240 Earnings on investment of funds in Prefunding Account $~~27,871~~0.7400 241 Capitalized Interest Amount to be withdrawn from Capitalized Interest Acct $~~46,597~~0.3300 Calculation of Maximum Capitalized Interest Amount 242 Portions of Class A&B Note Interest Distributable Amt allocable to Prefunded Acct balance $~~133,203~~0.7300 243 Insurance Premium allocable to Prefunded Acct balance $~~11,666~~0.6900 244 Earnings on Prefunded Amount at Beginning of Collection Period @ 2.5% thru Nov 15 $~~51,197~~0.6800 245 Maximum Capitalized Interest Amount $~~93,672~~0.7500 Calculation of Capitalized Interest Account Balance 246 Initial Capitalized Interest Amount $462,999.62 247 Withdrawals from Capitalized Interest Account in Current Collection Period (241 + 254) $~~46,597~~0.3300 248 Withdrawals and Releases from Capitalized Interest in Prior Collection Periods (241) $~~166~~369,~~309~~767.6183 249 Earnings on Capitalized Interest Account this Collection Period $~~287~~141.8724 250 Earnings on Capitalized Interest Account in Prior Collection Periods $~~153~~440.0996 251 Capitalized Interest Account Balance (246-247-248+249+250) $~~250~~93,~~533~~813.6499 Calculation of Additional Funds to be Released from Capitalized Interest Account 252 Capitalized Interest Account Balance (251) $~~250~~93,~~533~~813.6499 253 Maximum Capitalized Interest Amount (245) $~~93,672~~0.7500 254 Release to Seller (if 252-253 > 0 only) $~~156~~93,~~860~~813.8999 255 Number of extensions granted in Collection period 3123.00 256 Principal balance of contracts extended in Collection period ~~151~~123,~~677~~919.3546 Collection Acct Reconciliation Beginning Bank balance 1015,~~683~~822,~~076~~991.6236 Monthly P&I, partial prepayments & Full Prepayments in Calendar Month 1917,~~346~~937,~~631~~648.9456 Net Liquidation Proceeds deposited to Collection acct in Calendar Month 790,~~875~~878.0075 Deficiency balance recoveries (net in transit) 0(592.00) Net transfers from/(to) Payahead acct/Cap Int/Prefund Acct acct prior period ~~195~~67,~~305~~257.6728 Collection Account investment earnings collected in current month 911,~~179~~660.3451 Transfers from Collection Acct to Spread Account prior period (1419,~~790~~313,~~574~~226.8844) Net Deposits in Transit ~~371~~89,~~497~~883.6780 Ending Bank balance 1514,~~822~~706,~~991~~501.3682

Filing Compare · ONYX ACCEPTANCE OWNER TRUST 2004-A