ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLC - FORM 10-Q - EX-99.(F) - October 29, 2012

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EXCEL - IDEA: XBRL DOCUMENT - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCFinancial_Report.xls
10-Q - FORM 10-Q - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472d10q.htm
EX-99.(D) - EX-99.(D) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99d.htm
EX-99.(B) - EX-99.(B) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99b.htm
EX-99.(C) - EX-99.(C) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99c.htm
EX-99.(E)(1) - EX-99.(E)(1) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99e1.htm
EX-99.(A)(6) - EX-99.(A)(6) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99a6.htm
EX-99.(A)(4) - EX-99.(A)(4) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99a4.htm
EX-99.(A)(2) - EX-99.(A)(2) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99a2.htm
EX-99.(E)(2) - EX-99.(E)(2) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99e2.htm
EX-99.(A)(1) - EX-99.(A)(1) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99a1.htm
EX-99.(A)(5) - EX-99.(A)(5) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99a5.htm
EX-99.(A)(3) - EX-99.(A)(3) - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd398472dex99a3.htm

Exhibit 99(f)

SEMI-ANNUAL SERVICER’S CERTIFICATE

ONCOR ELECTRIC DELIVERY TRANSITION BOND COMPANY LLC,

$500,000,000 Transition Bonds, Series 2003-1

Oncor Electric Delivery Company, as Servicer

Pursuant to Section 4.01(c)(ii) of the Series 2003-1 Transition Property Servicing Agreement dated as of August 21, 2003 (the “Agreement”) between Oncor Electric Delivery Company, as Servicer and Oncor Electric Delivery Transition Bond Company LLC, as Issuer, the Servicer does hereby certify as follows:

Capitalized terms used herein have the respective meanings as set forth in the Agreement. References herein to certain sections and subsections are references to the respective sections of the Agreement.

 

Collection Periods:    February 2012 to July 2012
Payment Date:    August 15, 2012
Today’s Date:    August 7, 2012

 

1.      

    COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR THE CURRENT PAYMENT DATE:  

i.

    Remittances for the February 2012 Series 2003-1 Collection Period   $ 4,247,474.71   

ii.

    Remittances for the March 2012 Series 2003-1 Collection Period   $ 4,199,398.01   

iii.

    Remittances for the April 2012 Series 2003-1 Collection Period   $ 4,170,344.07   

iv.

    Remittances for the May 2012 Series 2003-1 Collection Period   $ 3,862,480.60   

v.

    Remittances for the June 2012 Series 2003-1 Collection Period   $ 3,890,543.42   

vi.

    Remittances for the July 2012 Series 2003-1 Collection Period   $ 4,695,849.41   

vii.

    Remittances for the                  Series 2003-1 Collection Period after                  (use 6 prior periods only)   $     

viii.

    Remittances for the                  Series 2003-1 Collection Period after                  (use 6 prior periods only)   $     

ix.

    Remittances for the                  Series 2003-1 Collection Period after                  (use 6 prior periods only)   $     

x.

    Remittances for the          Series 2003-1 Collection Period   $     

xi.

    Remittances for the          Series 2003-1 Collection Period   $     

xii.

    Investment Earnings on Series 2003-1 Collection Account:   $ 0.00   

xiii.

    Investment Earnings on Series 2003-1 Capital Subaccount   $ 122.55   

xiv.

    Investment Earnings on Series 2003-1 Overcollateralization Subaccount   $ 269.35   

xv.

    Investment Earnings on Series 2003-1 Reserve Subaccount:   $ 0.24   

xvi.

    Investment Earnings on Series 2003-1 General Subaccount    $ 2.59   
     

 

 

  

xvii.

    Series 2003-1 General Subaccount Balance (sum of i through xvi above):    $ 25,066,484.95   
     

 

 

  

xviii.

    Series 2003-1 Reserve Subaccount Balance as of Prior Series 2003-1 Payment Date    $ 1,829,537.02   

xix.

    Series 2003-1 Overcollateralization Subaccount Balance as of Prior Series 2003-1 Payment Date    $ 1,770,833.00   

xx.

    Series 2003-1 Capital Subaccount Balance as of Prior Series 2003-1 Payment Date    $ 2,500,000.00   
     

 

 

  

xxi.

    Series 2003-1 Collection Account Balance (sum of xvii. through xx above)    $ 31,166,854.97   
     

 

 

  

 

2.    OUTSTANDING AMOUNTS AS OF PRIOR SERIES 2003-1 PAYMENT DATE:   

i.

    Class A-1 Outstanding Amount    $ 0.00   

ii.

    Class A-2 Outstanding Amount    $ 0.00   

iii.

    Class A-3 Outstanding Amount    $ 30,654,700.00   

iv.

    Class A-4 Outstanding Amount    $ 145,000,000.00   
     

 

 

  

v.

   

Aggregate Outstanding Amount of All Series 2003-1 Bonds

    $ 175,654,700.00   
     

 

 

  

 

3.    REQUIRED FUNDING/PAYMENTS AS OF CURRENT PAYMENT DATE:   
     SERIES 2003-1 PRINCIPAL    PRINCIPAL DUE  

i.

    Class A-1    $ 0.00   

ii

    Class A-2    $ 0.00   

iii.

    Class A-3    $ 20,760,586.00   

iv.

    Class A-4    $ 0.00   
     

 

 

  

v.

   

For all Series 2003-1 Bonds

    $ 20,760,586.00   
     

 

 

  

 

     SERIES 2003-1    BOND
INTEREST
RATE		     DAYS IN
INTEREST
PERIOD (1)		      PRINCIPAL
BALANCE		      INTEREST
DUE		  

vi.

    Class A-1      2.26 %      180/360       $ 0.00       $ 0.00   

vii.

    Class A-2      4.03 %      180/360       $ 0.00       $ 0.00   

viii.

    Class A-3      4.95 %      180/360       $ 30,654,700.00       $ 758,703.83   

ix.

    Class A-4      5.42 %      180/360       $ 145,000,000.00       $ 3,929,500.00   
          

 

 

     

 

 

  

x.

    For All Series 2003-1 Bonds         $ 175,654,700.00       $ 4,688,203.83   
          

 

 

     

 

 

  

          REQUIRED
LEVEL		      FUNDING
REQUIRED		  

xi.

    Series 2003-1 Overcollateralization Subaccount    $ 1,875,000.00       $ 104,167.00   

xii.

    Series 2003-1 Capital Subaccount    $ 2,500,000.00       $ 0.00   

 

(1) On 30/360 day basis for initial payment date; otherwise use one-half of annual rate.

 

4.    ALLOCATION OF REMITTANCES AS OF CURRENT PAYMENT DATE PURSUANT TO §8.02(d) OF INDENTURE   

i.

    Trustee Fees and Expenses (subject to cap-see 8.02(e)(i) of the Indenture):    $ 0.00   

ii.

    Indenture Manager Fees (subject to cap-see 8.02(e)(i) of the Indenture):    $ 2,000.00   

iii.

    Series 2003-1 Servicing Fee:    $ 200,000.00   

iv.

    Operating Expenses (subject to cap-see 8.02(e)(iii) of the Indenture):   
      Trust Operating Expense:       $ 0.00   
      Trust Accounting Expense:       $ 0.00   
      Rating Agency Fees (already paid by Servicer):       $ 0.00   
      Administration Fee:       $ 25,000.00   
      Audit Fee (already paid by Administrator)       $ 29,923.00   
           

 

 

  
     

Total Fees and Expenses (i. through iv.)

       $ 256,923.00   
           

 

 

  

v.

    Semi-Annual Interest -including any past-due for prior period(s)   
               Per $1,000 of Original  
     SERIES 2003-1    AGGREGATE    PRINCIPAL  
   1.    Class A-1 Interest Payment       $ 0.00   
   2.    Class A-2 Interest Payment       $ 0.00   
   3.    Class A-3 Interest Payment       $ 758,703.83   
   4    Class A-4 Interest Payment       $ 3,929,500.00   

vi.

    Principal Due and Payable as a Result of Event of Default or on Final Maturity Date      
               Per $1,000 of Original  
     SERIES 2003-1    AGGREGATE    PRINCIPAL  
   1.    Class A-1 Principal Payment       $ 0.00   
   2.    Class A-2 Principal Payment       $ 0.00   
   3.    Class A-3 Principal Payment       $ 0.00   
   4.    Class A-4 Principal Payment       $ 0.00   

vii.

    Semi-Annual Principal      
               Per $1,000 of Original  
     SERIES 2003-1    AGGREGATE    PRINCIPAL  
   1.    Class A-1 Principal Payment       $ 0.00   
   2.    Class A-2 Principal Payment       $ 0.00   
   3.    Class A-3 Principal Payment       $ 20,760,586.00   
   4.    Class A-4 Principal Payment       $ 0.00   

4. ALLOCATION OF REMITTANCES AS OF CURRENT PAYMENT DATE PURSUANT TO §8.02(d) OF INDENTURE (CONTINUED)

 

viii.

    Funding of Series 2003-1 Capital Subaccount (to required level)    $ 0.00   

ix.

    Funding of Series 2003-1 Overcollateralization Subaccount (to required level)    $ 104,167.00   

x.

    Investment Earnings on Series 2003-1 Capital Subaccount Released to Issuer    $ 122.55   

xi.

    Deposit to Series 2003-1 Reserve Subaccount    $ 0.00   

xii.

    Released to Issuer upon Retirement of all Bonds    $ 0.00   

xiii.

    AGGREGATE REMITTANCES AS OF CURRENT PAYMENT DATE    $ 25,810,002.38   
           

 

 

  

5.

    OUTSTANDING AMOUNT AND SERIES 2003-1 COLLECTION ACCOUNT BALANCE AS OF CURRENT PAYMENT DATE (AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON SUCH PAYMENT DATE):   
     SERIES 2003-1            

i.

       Class A-1 Outstanding Amount       $ 0.00   

ii.

       Class A-2 Outstanding Amount       $ 0.00   

iii.

       Class A-3 Outstanding Amount       $ 9,894,114.00   

iv.

       Class A-4 Outstanding Amount       $ 145,000,000.00   
           

 

 

  

v.

       AGGREGATE OUTSTANDING AMOUNT OF ALL SERIES 2003-1 BONDS       $ 154,894,114.00   
           

 

 

  

vi.

       Series 2003-1 Reserve Subaccount Balance       $ 1,086,019.59   

vii.

       Series 2003-1 Overcollateralization Subaccount Balance       $ 1,875,000.00   

viii.

       Series 2003-1 Capital Subaccount Balance       $ 2,500,000.00   
           

 

 

  

ix.

       AGGREGATE SERIES 2003-1 COLLECTION ACCOUNT BALANCE       $ 5,461,019.59   
           

 

 

  

 

6.

    SUBACCOUNT WITHDRAWALS AS OF CURRENT PAYMENT DATE (IFAPPLICABLE, PURSUANT TO SECTION 8.02(e) OF INDENTURE):   

i.

       Series 2003-1 Reserve Subaccount    $ 743,517.43   

ii.

       Series 2003-1 Overcollateralization Subaccount    $ 0.00   

iii.

       Series 2003-1 Capital Subaccount    $ 0.00   
        

 

 

  

iv.

       TOTAL WITHDRAWALS    $ 743,517.43   
        

 

 

  

7.

    SHORTFALLS IN INTEREST AND PRINCIPAL PAYMENTS AS OF CURRENT PAYMENT DATE;   

i.

       Semi-annual Interest   
     SERIES 2003-1       
   1.    Class A-1 Interest Payment    $ 0.00   
   2.    Class A-2 Interest Payment    $ 0.00   
   3.    Class A-3 Interest Payment    $ 0.00   
   4.    Class A-4 Interest Payment    $ 0.00   

ii.

       Semi-annual Principal   
     SERIES 2003-1       
   1.    Class A-1 Principal Payment    $ 0.00   
   2.    Class A-2 Principal Payment    $ 0.00   
   3.    Class A-3 Principal Payment    $ 0.00   
   4.    Class A-4 Principal Payment    $ 0.00   

8.

    SHORTFALLS IN REQUIRED SERIES 2003-1 SUBACCOUNT LEVELS AS OF CURRENT PAYMENT DATE:   

i.

       Series 2003-1 Overcollateralization Subaccount    $ 0.00   

ii.

       Series 2003-1 Capital Subaccount    $ 0.00   

IN WITNESS HEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer’s Certificate this 7th day of August, 2012.

 

ONCOR ELECTRIC DELIVERY COMPANY,
as Servicer,
By:  

/s/ John M. Casey

Name:   John M. Casey
Title:   Vice President - Treasurer

ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLC Reports