ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLC - FORM 10-Q - EX-99.(E) - SEMI-ANNUAL SERVICER'S CERTIFICATE (SERIES 2003-1 FOR FEBRUARY 2012) - April 30, 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 LLCd326607d10q.htm
EX-99.(C) - QUARTERLY STATEMENT - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99c.htm
EX-99.(B) - STATEMENT OF COLLECTION ACCOUNT BALANCES AS OF MARCH 31, 2012 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99b.htm
EX-99.(A)(2) - MONTHLY SERVICER REPORT, SERIES 2004-1 FOR FEBRUARY 2012 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99a2.htm
EX-99.(D)(2) - STATEMENT OF OUTSTANDING BOND BALANCES SERIES 2004-1 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99d2.htm
EX-99.(D)(1) - STATEMENT OF OUTSTANDING BOND BALANCES SERIES 2003-1 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99d1.htm
EX-99.(A)(5) - MONTHLY SERVICER REPORT, SERIES 2003-1 FOR FEBRUARY 2012 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99a5.htm
EX-99.(A)(4) - MONTHLY SERVICER REPORT, SERIES 2003-1 FOR JANUARY 2012 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99a4.htm
EX-99.(A)(6) - MONTHLY SERVICER REPORT, SERIES 2003-1 FOR MARCH 2012 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99a6.htm
EX-99.(A)(3) - MONTHLY SERVICER REPORT, SERIES 2004-1 FOR MARCH 2012 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99a3.htm
EX-99.(A)(1) - MONTHLY SERVICER REPORT, SERIES 2004-1 FOR JANUARY 2012 - ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLCd326607dex99a1.htm

Exhibit 99(e)

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:

    August 2011 to January 2012

Payment Date:

    February 15, 2012

Today’s Date:

    February 8, 2012

 

1.

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

i.

    Remittances for the August 2011 Series 2003-1 Collection Period    $ 6,018,850.91   

ii.

    Remittances for the September 2011 Series 2003-1 Collection Period    $ 7,034,673.25   

iii.

    Remittances for the October 2011 Series 2003-1 Collection Period    $ 5,295,263.36   

iv.

    Remittances for the November 2011 Series 2003-1 Collection Period    $ 4,914,953.38   

v.

    Remittances for the December 2011 Series 2003-1 Collection Period    $ 4,061,451.43   

vi.

    Remittances for the January 2012 Series 2003-1 Collection Period    $ 3,899,531.00   

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    $ 126.52   

xiv.

    Investment Earnings on Series 2003-1 Overcollateralization Subaccount    $ 165.03   

xv.

    Investment Earnings on Series 2003-1 Reserve Subaccount:       $ 0.22   

xvi.

    Investment Earnings on Series 2003-1 General Subaccount       $ 3.51   
             

 

 

  

xvii.

    Series 2003-1 General Subaccount Balance (sum of i through xvi above):       $ 31,225,018.61   
             

 

 

  

xviii.

    Series 2003-1 Reserve Subaccount Balance as of Prior Series 2003-1 Payment Date       $ 2,071,798.05   

xix.

    Series 2003-1 Overcollateralization Subaccount Balance as of Prior Series 2003-1 Payment Date       $ 1,666,667.00   

xx.

    Series 2003-1 Capital Subaccount Balance as of Prior Series 2003-1 Payment Date       $ 2,500,082.01   
             

 

 

  

xxi.

    Series 2003-1 Collection Account Balance (sum of xvii. through xx above)       $ 37,463,565.67   
             

 

 

  

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       $ 56,434,510.00   

iv.

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

 

 

  

v.

    Aggregate Outstanding Amount of All Series 2003-1 Bonds       $ 201,434,510.00   
             

 

 

  

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            $ 25,779,810.00   

iv.

    Class A-4            $ 0.00   
             

 

 

  

v.

    For all Series 2003-1 Bonds            $ 25,779,810.00   
             

 

 

  
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       $ 56,434,510.00       $ 1,396,754.12   

ix.

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

 

 

     

 

 

  

x.

    For All Series 2003-1 Bonds         $ 201,434,510.00       $ 5,326,254.12   
          

 

 

     

 

 

  

          REQUIRED
LEVEL		      FUNDING
REQUIRED		  

xi.

    Series 2003-1 Overcollateralization Subaccount    $ 1,770,833.00       $ 104,166.00   

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):       $ 10,000.00   
      Administration Fee:       $ 25,000.00   
      Audit Fee (already paid by Administrator)       $ 19,923.00   
              

 

 

  
     

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       $ 1,396,754.12   
   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    $ 25,779,810.00   
   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)    $ 104,166.00   

x.

    Investment Earnings on Series 2003-1 Capital Subaccount Released to Issuer    $ 208.53   

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    $ 31,467,361.65   
              

 

 

  

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    $ 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   
              

 

 

  

vi.

       Series 2003-1 Reserve Subaccount Balance    $ 1,829,537.02   

vii.

       Series 2003-1 Overcollateralization Subaccount Balance    $ 1,770,833.00   

viii.

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

 

 

  

ix.

       AGGREGATE SERIES 2003-1 COLLECTION ACCOUNT BALANCE    $ 6,100,370.02   
              

 

 

  

6.

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

i.

       Series 2003-1 Reserve Subaccount    $ 242,261.03   

ii.

       Series 2003-1 Overcollateralization Subaccount    $ 0.00   

iii.

       Series 2003-1 Capital Subaccount; (bring Capital Subaccount back to required level; overage amt. represents interest from Aug. 2011 cert.)    $ 82.01   
              

 

 

  

iv.

       TOTAL WITHDRAWALS    $ 242,343.04   
              

 

 

  

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 8th day of February, 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