8-K 1 a8k2004c.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): November 30, 2004 Onyx Acceptance Owner Trust 2004-C ------------------------------------------------------------------------------ (Issuer with respect to Certificates) Onyx Acceptance Financial Corporation ------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Commission File Number 333-113136 (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 8.01 Other Events On behalf of the Onyx Acceptance Owner Trust 2004-C, (the"Trust"), a trust created pursuant to the Trust Agreement dated as of September 1, 2004 with Onyx Acceptance Financial Corporation as registrant and seller Wilmington Trust Company as Owner Trustee and JP Morgan Chase Bank as agent for the trust and as agent for the owner trustee under the trust agreement, the registrant has caused to be filed with the Commission, the November 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-C 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 9.01 Financial Statements and Exhibits (a) Financial Statements None (c) Exhibits Exhibit No. 19.Monthly Distribution Date Statement of the Onyx Acceptance Owner Trust 2004-C for the month of November 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_B~~2004_C 1.83% Class A-1 Auto Loan Backed Notes CUSIP 68338SEL8 $93,000,000 2.39% Class A-2 Auto Loan Backed Notes CUSIP 68338SEM6 $132,000,000 2.94% Class A-3 Auto Loan Backed Notes CUSIP 68338SEN4 $106,000,000 3.50% Class A-4 Auto Loan Backed Notes CUSIP 68338SEP9 $119,000,000 N/A Class B Auto Loan Backed Notes $0 Total Securities Issued $450,000,000 Collection Period Beginning on: 0911/01/04 Collection Period Ending on: 0911/30/04 Distribution Date: 1012/15/04 1 Original Pool Balance $450,000,000.00 2 Subsequent Contracts $86,399,157.10 3 Original Prefunded Amount $147,167,622.89 4 Collection Period Beginning Pool Balance $~~352~~413,~~100~~623,~~701~~064.2739 5 Class A Note outstanding principal amount: Beginning $~~439~~408,~~059~~445,~~565~~064.2549 Net Collections for the Collection Period 6 Monthly P&I, partial prepayments & Full Prepayments in Calendar Month $16,~~272~~614,~~277~~892.19 7 Full Prepayments through first 5 business days of current month (Precompute only) 2320,~~127~~465.0735 8 Full Prepayments through first 5 business days of current month (Simple interest only) 1,~~295~~346,~~931~~405.0063 9 Full Prepayments included in Prior Collection Period (Precompute only) 845,~~598~~131.4373 10 Full Prepayments included in Prior Collection Period (Simple Interest only) 1,~~344~~352,~~861~~617.2418 11 Partial Prepayments of Rule of 78's contracts deposited to PayAhead Acct 013,140.00 12 Amounts Withdrawn from PayAhead Acct & Deposited to Collection Acct ~~9,846~~0.9300 13 Capitalized Interest Amount (Negative Carry) to be Deposited ~~109,421~~0.4600 14 Net Liquidation Proceeds on Defaulted Contracts 11193,~~990~~227.0094 15 Net Liquidation Proceeds first 5 business days of current month 0.00 16 Net Liquidation Proceeds included in Prior Collection Period 0.00 17 Net Insurance Proceeds 0.00 18 Net Insurance Proceeds first 5 business days of current month 0.00 19 Net Insurance Proceeds included in Prior Collection Period 0.00 20 Aggregate Purchase Amount for Purchased Contracts (Repurchases) 0.00 21 Reinvestment earnings on Funds in Collection Acct 1116,~~246~~875.5756 22 Mandatory Partial Redemption Amount (Final Funding Period Distribution Date only) (236) 0.00 23 Investment earnings ~~94,776~~0.5700 24 Net Collections (6+7+8-9-10-11+12+13+14+15-16+17+18-19+20+21+22+23) $16,~~475~~780,~~157~~977.1276 Computation of Regular Principal Distributable Amount 25 Scheduled Principal Decline (recomputed actuarial) Precompute contracts only 8279,~~387~~645.9979 26 Principal Collected: Payments only - Simple Interest contracts 56,~~505~~325,~~548~~181.5149 27 Principal Collected: Full Prepayments - S.I. thru month-end 65,~~266~~324,~~402~~704.9719 28 Full Prepayments through first 5 business days of current month: Simple Interest only 1,~~295~~346,~~931~~405.0063 29 Full Prepayments: Precompute only thru month end 86118,~~526~~070.9482 30 Full Prepayments through first 5 business days of current month: Precompute only 2320,~~127~~465.0735 31 Defaulted Contracts (Liquidated Proceeds received) (Includes Cram Down losses) 22341,~~995~~855.0007 32 Defaulted Contracts (Liquidated Proceeds received) thru 1st 5 business days of current month 0.00 33 Defaulted Contracts (4 or more periods.Liquidated Proceeds not received) 0.00 34 Defaulted Contracts (4 or more periods.Liquidated Proceeds not received) thru 1st 5 bus. days 0.00 35 Purchased Contracts (repurchases by Servicer) 0.00 36 Regular Principal Distributable Amount (Sum of 25 thru 35) $13,~~282~~556,~~919~~328.4834 37 Subsequent Contracts sold to Trust during related Collection Period $0.00 38 Prefunded Contracts sold to Trust during related Collection Period $~~88,164,598~~0.0600 39 Collection Period Ending Pool Balance of underlying Contracts (4 - 36 + 37 + 38) $~~426~~400,~~982~~066,~~379~~736.8505 40 Collection Period Ending Pool Balance as a percent of Original Pool Balance (39 / 1) ~~94.~~88.90% 41 Note Principal Distributable Amount $13,~~282~~556,~~919~~328.4834 42 Note Targeted Principal Distributable Amount $1,~~845~~870,~~301~~775.1158 43 Note Parity Deficit Amount $0.00 Calculation of Class A Note Interest Distributable Amount Class A Note Interest Accrual Period begins Class A Note Interest Accrual Period accrues through 44 Class A-1 Notes: Outstanding Principal Amount as of end of prior Distribution Date $8251,~~059~~445,~~565~~064.2549 45 Class A-1 Note Interest Carryover Shortfall $0.00 46 Class A-1 Note Interest Accrual over Interest Accrual Period @ $~~125~~78,~~024~~380.5984 47 Class A-1 Note Interest Distributable Amount (45 + 46) $~~125~~78,~~024~~380.5984 48 Class A-2 Notes: Outstanding Principal Amount as of end of prior Distribution Date $132,000,000.00 49 Class A-2 Note Interest Carryover Shortfall $0.00 50 Class A-2 Note Interest Accrual over Interest Accrual Period @ $262,900.00 51 Class A-2 Note Interest Distributable Amount (49 + 50) $262,900.00 52 Class A-3 Notes: Outstanding Principal Amount as of end of prior Distribution Date $106,000,000.00 53 Class A-3 Note Interest Carryover Shortfall $0.00 54 Class A-3 Note Interest Accrual over Interest Accrual Period @ $259,700.00 55 Class A-3 Note Interest Distributable Amount (53 + 54) $259,700.00 56 Class A-4 Notes: Outstanding Principal Amount as of end of prior Distribution Date $119,000,000.00 57 Class A-4 Note Interest Carryover Shortfall $0.00 58 Class A-4 Note Interest Accrual over Interest Accrual Period @ $347,083.33 59 Class A-4 Note Interest Distributable Amount (57 + 58) $347,083.33 60 Class A Note Interest Distributable Amount - Total all Class A Notes (47+51+55+59) $~~994~~948,~~707~~064.9217 Calculation of Class A Note Principal Distributable Amount 61 Class A-1 Note original outstanding principal amount $93,000,000.00 62 Class A-1 Note outstanding principal amount: Beginning (44) $8251,~~059~~445,~~565~~064.2549 63 Class A-1 Note Percentage 100% 64 Class A-1 Note Percentage multiplied by Regular Principal Distributable Amount $13,~~282~~556,~~919~~328.4834 65 Class A-1 Note Targeted Principal Distributable Amount $1,~~845~~870,~~301~~775.1158 66 Class A-1 Note Principal Distributable Amount (64+65) $15,~~128~~427,~~220~~103.5992 67 Class A-1 Note outstanding principal amount: Ending (62 - 66) ~~###############~~36,017,960.57 68 Class A-1 Note Pool Factor (67 / 61) $0.7239 69 Class A-2 Note original outstanding principal amount $132,000,000.00 70 Class A-2 Note outstanding principal amount: Beginning (48) $132,000,000.00 71 Class A-2 Note Percentage 0% 72 Class A-2 Note Percentage multiplied by Regular Principal Distributable Amount $0.00 73 Class A-2 Note Targeted Principal Distributable Amount $0.00 74 Class A-2 Note Principal Distributable Amount (72+73) $0.00 75 Class A-2 Note outstanding principal amount: Ending (70 - 74) ~~###############~~132,000,000.00 76 Class A-2 Note Pool Factor (75 / 69) $1.00 77 Class A-3 Note original outstanding principal amount $106,000,000.00 78 Class A-3 Note outstanding principal amount: Beginning (52) $106,000,000.00 79 Class A-3 Note Percentage 0% 80 Class A-3 Note Percentage multiplied by Regular Principal Distributable Amount $0.00 81 Class A-3 Note Targeted Principal Distributable Amount $0.00 82 Class A-3 Note Principal Distributable Amount (80+81) $0.00 83 Class A-3 Note outstanding principal amount: Ending (78 - 82) ~~###############~~106,000,000.00 84 Class A-3 Note Pool Factor (83 / 77) $1.00 85 Class A-4 Note original outstanding principal amount $119,000,000.00 86 Class A-4 Note outstanding principal amount: Beginning (56) $119,000,000.00 87 Class A-4 Note Percentage 0% 88 Class A-4 Note Percentage multiplied by Regular Principal Distributable Amount $0.00 89 Class A-4 Note Targeted Principal Distributable Amount $0.00 90 Class A-4 Note Principal Distributable Amount (88 + 89) $0.00 91 Class A-4 Note outstanding principal amount: Ending (86 - 90) ~~###############~~119,000,000 92 Class A-4 Note Pool Factor (91 / 85) $1.00 93 Class A Note Principal Distributable Amount - Total all Class A Notes $15,~~128~~427,~~220~~103.5992 94 Class A Note outstanding principal amount - Total all Class A Notes: Ending $~~423~~393,~~931~~017,~~344~~960.6657 95 Class A Note Distributable Amount - Total all Class A Notes (Principal & Interest) $16,~~122~~375,~~928~~168.5109 NET COLLECTIONS PAYOUT ALLOCATION OF TOTAL DISTRIBUTION AMOUNT 96 Reinvestment Earnings on Funds in Collection Acct Paid this Period to Servicer (21) $1116,~~246~~875.5756 97 Servicing Fee Paid this Period to Servicer (1.0% / 12 x Beginning Pool Balance) $~~293~~344,~~417~~685.2589 Note Interest Paid Calculation 98 Class A-1 Note Interest Carryover Shortfall (Beginning) (45) $0.00 99 Interest Due on Above Beginning Shortfall $0.00 100 Class A-1 Note Interest Distributable Amount (47) $~~125~~78,~~024~~380.5984 101 Class A-1 Note Interest Paid this Period $~~125~~78,~~024~~380.5984 102 Class A-1 Note Interest Carryover Shortfall (Ending) (100 - 101) $0.00 103 Class A-2 Note Interest Carryover Shortfall (Beginning) (49) $0.00 104 Interest Due on Above Beginning Shortfall $0.00 105 Class A-2 Note Interest Distributable Amount (51) $262,900.00 106 Class A-2 Note Interest Paid this Period 26290000% 107 Class A-2 Note Interest Carryover Shortfall (Ending) (105 - 106) $0.00 108 Class A-3 Note Interest Carryover Shortfall (Beginning) (53) $0.00 109 Interest Due on Above Beginning Shortfall $0.00 110 Class A-3 Note Interest Distributable Amount (55) 259,700.~~000000~~00 111 Class A-3 Note Interest Paid this Period $259,700.00 112 Class A-3 Note Interest Carryover Shortfall (Ending) (110 - 111) $0.00 113 Class A-4 Note Interest Carryover Shortfall (Beginning) (57) $0.00 114 Interest Due on Above Beginning Shortfall $0.00 115 Class A-4 Note Interest Distributable Amount (59) $347,083.33 116 Class A-4 Note Interest Paid this Period $347,083.33 117 Class A-4 Note Interest Carryover Shortfall (Ending) (115 - 116) $0.00 118 Class A Note Interest Carryover Shortfall (Beginning) (98 + 103 + 108 + 113) $0.00 119 Interest Due on Above Beginning Shortfall (99 +104 + 109 + 114)) $0.00 120 Class A Note Interest Distributable Amount (59) $~~994~~948,~~707~~064.9217 121 Class A Note Interest Paid this Period (101 + 106 + 111 + 116) $~~994~~948,~~707~~064.9217 122 Class A Note Interest Carryover Shortfall (Ending) (102 + 107 + 112 + 117) $0.00 Summary of Distributions Paid from Net Collections this Period (Waterfall) 123 Reinvestment Earnings on Funds in Collection Account Payable to Servicer (21) $1116,~~246~~875.5756 124 Servicing Fee Payable to Servicer (1.0% / 12 x Beginning Pool Balance) (97) $~~293~~344,~~417~~685.2589 125 Fees Paid this Period to Indenture Trustee, Trust Agent, and/or Owner Trustee $0.00 126 Class A Note Interest Distributable Amount Paid this Period (121) $~~994~~948,~~707~~064.9217 127 Mandatory Partial Redemption Amount (22) $0.00 128 Surety Fee Payable to Insurer $4744,~~564~~248.7922 129 Class A Note Principal Distributable Amount Paid this Period $13,~~282~~556,~~919~~328.4834 130 Note Targeted Principal Distributable Amount Paid this Period (42) $1,~~845~~870,~~301~~775.1158 131 Unreimbursed Insurer Costs $0.00 132 Backup Servicer indemnification payments $0.00 133 Total Distributions from Collection Account (Sum of 123 thru 132) $16,~~475~~780,~~157~~977.1276 134 Total Excess Spread Available for Deposit to Spread Account (24 - 133) $0.00 SPREAD ACCOUNT RECONCILIATION 135 Initial Deposit $6,750,000.00 136 Deposits (and Earnings) to Spread Account Prior Collection Periods $118,~~519~~290.8567 137 Deposit to Spread Account this Collection Period (134) $0.00 138 Reinvestment Earnings on Funds in Spread Acct $78,~~787~~881.8429 139 Draws from Spread Account Prior Periods $118,~~519~~290.8567 140 Spread Account Balance (135 + 136 + 137 + 138 - 139) $6,~~757~~758,~~787~~881.8429 141 Required Spread Account Cash Balance (1.5% of initial) $6,750,000.00 142 Draws from Spread Account this Collection Period $78,~~787~~881.8429 143 Spread Account Balance net of Draws this Collection Period (140 - 142) $6,750,000.00 Delinquency Statistics 144 Number of Accts Delinquent 30 - 59 Days $62136.00 145 Number of Accts Delinquent 60 - 89 Days $957.00 146 Number of Accts Deliquent 90 Days and Over $137.00 147 Total Number of Delinquent Accounts 30 Days and Over $72230.00 148 Aggregate Net Outstanding Balance of Delinquent Loans 30-59 days $~~804~~1,~~302~~809,679.00 149 Aggregate Net Outstanding Balance of Delinquent Loans 60 - 89 days $93726,~~142~~473.00 150 Aggregate Net Outstanding Balance of Delinquent Loans 90 days and over $7462,~~262~~083.00 151 Total Aggregate Net Outstanding Balance of Delinquent Loans $~~904~~2,~~706~~998,234.00 152 Policy Claim Amount $0.00 Repossession Statistics 153 Number of Accounts in Repo Inventory @ Beginning of Collection Period $648.00 154 Number of Accounts Repossessed During Collection Period $2343.00 155 Number of Repo'd Accounts Sold or Reinstated During Collection Period $224.00 156 Number of Accounts in Repo Inventory @ End of Collection Period $2767.00 157 Aggregate Net Outstanding Balance of Accounts in Repo Inventory @ Beginning of Collection Period $70691,~~747~~039.4081 158 Aggregate Net Outstanding Balance of Accounts Repossessed During Month $~~355~~592,~~302~~144.8549 159 Aggregate Net Outstanding Balance of Repo Accounts Sold or Reinstated During Month $29347,~~348~~973.6838 160 Aggregate Net Outstanding Balance of Accounts in Repo Inventory @ End of Collection Period $~~396~~935,~~701~~210.5792 Accounts Outstanding Statistics 161 Original Accounts Outstanding - Initial + Subsequent $19,870.00 162 Original Accounts Outstanding - Prefunded as of End of Collection Period $9,718.00 163 Remaining Number of Accounts Outstanding @ End of Collection Period $2827,~~635~~566.00 Calculation of Net Yield 164 Interest Collected on Contracts $3,~~097~~356,~~219~~400.5099 165 Interest Collected on Contracts - Prior Collection Period $23,~~004~~544,~~003~~746.6055 166 Interest Collected on Contracts - Two Collection Periods Ago $03,097,219.0050 167 Liquidated Contract Balances (less Liquidation proceeds) $11148,~~005~~627.0013 168 Liquidated Contract Balances (less Liquidation proceeds) - Prior Collection Period $039,448.0044 169 Liquidated Contract Balances (less Liquidation proceeds) - Two Collection Periods Ago $011,005.00 170 Interest Paid to Class A Noteholders (126) $~~994~~948,~~707~~064.9217 171 Interest Paid to Class A Noteholders - Prior Collection Period $~~645~~975,~~261~~057.6199 172 Interest Paid to Class A Noteholders - Two Collection Periods Ago $0994,707.0092 173 Servicing Fees Paid to Servicer (124) $~~293~~344,~~417~~685.2589 174 Servicing Fees Paid to Servicer - Prior Collection Period $~~180~~355,~~361~~818.0265 175 Servicing Fees Paid to Servicer - Two Collection Periods Ago $0293,417.0025 176 Ending Pool Balance (39) $~~426~~400,~~982~~066,~~379~~736.8505 177 Ending Pool Balance - Prior Collection Period ~~352~~413,~~100~~623,~~701~~064.2739 178 Ending Pool Balance - Two Collection Periods Ago 0426,982,379.0085 179 Net Yield 45.5869% A.P.R. Statistics 180 Original Dollar Weighted A.P.R. of Initial + Subsequent Contracts only 9.52% 181 Original Dollar Weighted A.P.R. of Prefunded Contracts only 10.31% 182 Dollar Weighted A.P.R. of Remaining Contracts in Trust as of End of Collection Period 9.6667% Credit Loss Statistics 183 Gross Credit Losses during Collection Period (31 + 32 + 33 + 34)) $22341,~~995~~855.0007 184 Recoveries during Collection Period (14+15-16) $11193,~~990~~227.0094 185 Net Credit Losses during Collection Period (183 - 184) $11148,~~005~~627.0013 186 Cumulative Net Credit Losses 11199,~~005~~080.0057 187 Cumulative Net Credit Losses as a Percent of Original Certificate Balance (186 / 1) 0.0004% 188 Memo: Cram Down Losses $09,390.00 189 Remaining Weighted Average Maturity (Months) (As of Month-end) $5957.0020 Calculation of Remaining Prefunded Amount 190 Prefunded Amount at Beginning of Collection Period ~~88,162,256~~0.6600 191 Prefunded Contracts sold to Trust during related Collection Period (38) ~~88,164,598~~0.0600 192 Mandatory Partial Redemption Amount Released to Collection Account to be Paid to A1 Noteholders 0 193 Remaining Prefunded Amount (190-191-192) If less than 0, set to 0 0 Calculation of Capitalized Interest Amount 194 Portions of Class A Note Interest Distributable Amt allocable to Prefunded Acct balance ~~194,879~~0.3200 195 Portions of Insurance Premium allocable to Prefunded Acct balance $~~9,319~~0 196 Earnings on investment of funds in Prefunding Account (23) $~~94,777~~0 197 Capitalized Interest Amount to be withdrawn & deposited to Payment Account $~~109,421~~0 Calculation of Maximum Capitalized Interest Amount 198 Portions of Class A Note Interest Distributable Amt allocable to Prefunded Acct balance $~~382,059~~0.1700 199 Portions of Insurance Premium allocable to Prefunded Acct balance $~~18,595~~0.0900 200 Earnings credit on investment of Prefunded Amount at Beginning of Collection Period $~~113,876~~0.2500 201 Maximum Capitalized Interest Amount (198+199-200) $~~286,778~~0.0100 Calculation of Capitalized Interest Account Balance 202 Initial Capitalized Interest Amount $981,927.54 203 Withdrawals from Capitalized Interest Account in Current Collection Period (197) ~~109,421~~0 204 Withdrawals and Releases from Capitalized Interest Account in Prior Collection Periods $~~237~~983,~~865~~835.0333 205 Earnings on Capitalized Interest Account this Collection Period $~~1,014~~0.9800 206 Earnings on Capitalized Interest Account in Prior Collection Periods ~~221~~1,907.0979 207 Capitalized Interest Account Balance (202-203-204+205+206) Ending after current period withdrawals ~~635,877~~0.1200 Calculation of Additional Funds to be Released from Capitalized Interest Account 208 Capitalized Interest Account Balance (207) ~~635,877~~0.1200 209 Maximum Capitalized Interest Amount (201) ~~286,778~~0 210 Release to Seller (if 208-209 > 0 only) from CIA acct to Onyx Concentration ~~349,099~~0 211 Number of extensions granted in Collection period 124.00 212 Principal balance of contracts extended in Collection period ~~693~~374,099.9994 Collection Acct Reconciliation Beginning Bank balance at 813,~~402~~208,~~960~~741.7199 Monthly P&I, partial prepayments & Full Prepayments in Calendar Month 16,~~272~~614,~~277~~892.19 Net Liquidation Proceeds deposited to Collection acct in Calendar Month 11193,~~990~~227.0094 Deficiency balance recoveries 0(13,168.0021) Net transfers from/(to) Payahead acct/Cap Int/Prefund Acct acct prior period ~~179~~1,~~847~~029.1866 Collection Account investment earnings collected in current month 1116,~~246~~875.5756 Transfers from Collection Acct to Spread Account prior period (1116,~~775~~882,~~680~~484.5956) Net Deposits in Transit ($~~530~~480,~~433~~888.1086) Ending Bank balance at $12,~~572~~658,~~207~~225.9671 220 Servicing Fees Paid to Servicer - Two Collection Periods Ago 221 Ending Pool Balance (31) 222 Ending Pool Balance - Prior Collection Period $413,437,619.23 223 Ending Pool Balance - Two Collection Periods Ago $427,817,444.91 224 Net Yield 5.13% 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 9.77% 226 Dollar Weighted A.P.R. of Remaining Contracts in Trust as of End of Collection Period 8.95% Credit Loss Statistics 227 Gross Credit Losses during Collection Period (25 + 26 + 27 + 28)) $175,540.00 228 Recoveries during Collection Period (10+11-12) 102,516.26 229 Net Credit Losses during Collection Period (227 - 228) $73,023.74 230 Cumulative Net Credit Losses $99,510.33 231 Cumulative Net Credit Losses as a Percent of Original Certificate Balance (230 / 1) 0.02% 232 Memo: Cram Down Losses $8,073.00 233 Remaining Weighted Average Maturity (Months) 57.6 Calculation of Remaining Prefunded Amount 234 Prefunded Amount at Beginning of Collection Period $0.00 235 Prefunded Contracts sold to Trust during related Collection Period (30b) $0.00 236 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 $0.00 239 Portions of Insurance Premium allocable to Prefunded Acct balance $0.00 240 Earnings on investment of funds in Prefunding Account $0.00 241 Capitalized Interest Amount to be withdrawn from Capitalized Interest Acct $0.00 Calculation of Maximum Capitalized Interest Amount 242 Portions of Class A&B Note Interest Distributable Amt allocable to Prefunded Acct balance $0.00 243 Insurance Premium allocable to Prefunded Acct balance $0.00 244 Earnings on Prefunded Amount at Beginning of Collection Period @ 2.5% thru Nov 15 $0.00 245 Maximum Capitalized Interest Amount $0.00 Calculation of Capitalized Interest Account Balance 246 Initial Capitalized Interest Amount $1,151,209.32 247 Withdrawals from Capitalized Interest Account in Current Collection Period (241 + 254) $0.00 248 Withdrawals and Releases from Capitalized Interest in Prior Collection Periods (241) $1,152,669.05 249 Earnings on Capitalized Interest Account this Collection Period $0.00 250 Earnings on Capitalized Interest Account in Prior Collection Periods $1,459.73 251 Capitalized Interest Account Balance (246-247-248+249+250) $0.00 Calculation of Additional Funds to be Released from Capitalized Interest Account 252 Capitalized Interest Account Balance (251) $0.00 253 Maximum Capitalized Interest Amount (245) $0.00 254 Release to Seller (if 252-253 > 0 only) $0.00 255 Number of extensions granted in Collection period 1.00 256 Principal balance of contracts extended in Collection period 9,796.54 Collection Acct Reconciliation Beginning Bank balance 13,800,996.64 Monthly P&I, partial prepayments & Full Prepayments in Calendar Month 16,450,014.71 Net Liquidation Proceeds deposited to Collection acct in Calendar Month 102,516.26 Deficiency balance recoveries (net in transit) (150.67) Net transfers from/(to) Payahead acct/Cap Int/Prefund Acct acct prior period (2,075.16) Collection Account investment earnings collected in current month 14,713.92 Transfers from Collection Acct to Spread Account prior period (17,726,426.60) Net Deposits in Transit (76,696.24) Ending Bank balance 12,562,892.86

Filing Compare · Onyx Acceptance Owner Trust 2004-C