Item 1. Business
Not applicable in reliance on the Relief Letter.
Item 2.
Item 2. Properties
Refer to the Officers’ Certificate as to Compliance for the Trusts attached as Exhibit 99.3.
Item 3.
Item 3. Legal Proceedings
There were no material legal proceedings involving the Trusts, or to the extent relating to the Trusts, the Seller, Case Credit Corporation (the “Servicer”) or the Owner Trustee, which were pending at December 31, 2002, or as of the date of this report, other than ordinary routine litigation incidental to the Servicer’s duties under the Servicing Agreements.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
No votes or consents of Noteholders were solicited during fiscal year 2002 for any purpose.
PART II
Item 5.
Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters
Since the Registrant has retained all of the Certificates, there is no market for the Certificates.
Since the Trusts pay no dividends with respect to the Certificates, the information required by Item 201 of Regulation S-K regarding dividends is inapplicable to the Registrant. See Item 15 for information with respect to distributions to Noteholders.
Item 6.
Item 6. Selected Financial Data
Not applicable in reliance on the Relief Letter.
Item 7.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operation
Not applicable in reliance on the Relief Letter.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Not applicable in reliance on the Relief Letter.
Item 8.
Item 8. Financial Statements and Supplementary Data
Not Applicable.
Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
The Registrant changed its accountants from Arthur Andersen LLP to Deloitte & Touche LLP because CNH Global N.V., an indirect parent of the Registrant, made the same change. There were no disagreements with accountants on any matter of accounting principals or practices or financial disclosure.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Not applicable in reliance on the Relief Letter.
Item 11.
Item 11. Executive Compensation
Not applicable in reliance on the Relief Letter.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Registrant owns 100% of the Certificates issued by the Trusts, and Case Credit Corporation owns 100% of Registrant’s common stock.
Item 13.
Item 13. Certain Relationships and Related Transactions
None.
Item 14.
Item 14. Controls and Procedures
Not Applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statements Schedules, and Reports on Form 8-K
(a) (1) Not applicable
(2) Not applicable
(3) The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index.
(b) Current Reports on Form 8-K filed during the year ending December 31, 2002:
* Incorporated by reference.
(c) See 15(a)(3) above.
(d) Not applicable in reliance on the Relief 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.
CERTIFICATION PURSUANT TO SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002
CERTIFICATION
I, Mario Ferla, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Case Equipment Receivables Trust 1998-B, Case Equipment Receivables Trust 1998-C, Case Equipment Receivables Trust 1999-A, Case Equipment Receivables Trust 1999-B and CNH Equipment Trust 2000-A;
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the Servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the Servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the Servicer has fulfilled its obligations under that agreement;
5. The reports disclose all significant deficiencies relating to the Servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.
CERTIFICATION PURSUANT TO SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002
CERTIFICATION
I, William J. McGrane III, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Case Equipment Receivables Trust 1998-B, Case Equipment Receivables Trust 1998-C, Case Equipment Receivables Trust 1999-A, Case Equipment Receivables Trust 1999-B and CNH Equipment Trust 2000-A;
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the Servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the Servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the Servicer has fulfilled its obligations under that agreement;
5. The reports disclose all significant deficiencies relating to the Servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.
EXHIBIT INDEX
Exhibit 99.1: Management’s Assertion Concerning Compliance.
Exhibit 99.2: Independent Auditors’ Report.
Exhibit 99.3: Officer’s Certificate as to Compliance.