Item 1. Business....................................................1 Item 2.
ITEM 2. PROPERTIES
The Case Equipment Loan Trust 1999-B (the "Trust") was formed pursuant to the Trust Agreement, dated as of August 1, 1999 (the "Agreement"), between CNH Receivables Inc., as seller (the "Depositor"), and The Bank of New York, as Trustee. The assets of the Trust include, among other things, receivables consisting of retail installment sale contracts and leases secured by new or used agricultural, construction and other equipment, rights to receive certain payments made with respect to such receivables, security interests in the equipment financed thereby and the proceeds thereof. On September 13, 1999, the Trust issued $68,629,000 Class A-1 5.674% Asset Backed Notes, $300,000,000 Class A-2 6.330% Asset Backed Notes, $100,000,000 Class A-3 6.660% Asset Backed Notes, $182,371,000 Class A-4 6.9900% Asset Backed Notes, $31,500,000 Class B 7.050% Asset Backed Notes (collectively, the "Notes") and $17,500,000 7.050% Asset Backed Certificates (the "Certificates", and together with the Notes, the "Securities"). From the inception of the Trust through December 31, 1999, the Trust sustained $520,658.78 in net losses on defaulted receivables.
Reference is made to the Annual Statement of Compliance included under Item 14.
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS
None.
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
PART II
ITEM 5.
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
There is no established public trading market for the Certificates. The entire principal amount of the Certificates were issued to and have been retained by the Depositor.
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
Omitted pursuant to the No-Action Letter.
ITEM 7.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
Omitted pursuant to the No-Action Letter.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Omitted pursuant to the No-Action Letter.
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
PART III
ITEM 10.
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Omitted pursuant to the No-Action Letter.
ITEM 11.
ITEM 11. EXECUTIVE COMPENSATION
Omitted pursuant to the No-Action Letter.
ITEM 12.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
None of the Securities issued by the Trust are voting securities.
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
None.
PART IV
ITEM 14.
ITEM 14. EXHIBITS, FINANCIAL STATEMENTS SCHEDULES, AND REPORTS ON FORM 8-K
(a) Listed below are the documents filed as a part of this report:
Exhibit Number -------
99(a) Annual Statement of Compliance
99(b) Accountant's Statement
(b) Omitted pursuant to the No-Action Letter.
(c) Omitted pursuant to the No-Action Letter.
(d) Omitted pursuant to the No-Action Letter.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
CNH Receivables Inc. (Registrant)
By: /s/ Ralph A. Than April____, 2000 -------------------------------- Ralph A. Than Vice President and Treasurer
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report to security holders and no proxy statement, form of proxy or other proxy soliciting material has been sent to any security holder of the registrant.