i. monthly period note balance calculation : original note balance preliminary end of period note balance deficiency claim amount end of period note balance note pool factors { 4 } / { 1 } ii. reconciliation of spread account : priority first - deficiency claim amount from preliminary certificate end of period spread account balance iii monthly period and cumulative number of receivables calculation : beginning of period number of receivables number of subsequent receivables purchased number of receivables becoming liquidated receivables during period number of receivables becoming purchased receivables during period number of receivables paid off during period end of period number of receivables iv. statistical data : ( current and historical ) weighted average remaining term of the receivables weighted average original term of receivables average receivable balance aggregate realized losses v. delinquency : receivables with scheduled payment delinquent { 21 } 31 - 60 days { 22 } 61 - 90 days { 23 } over 90 days { 24 } receivables with scheduled payment delinquent more than 30 days at end of period vi. performance tests : delinquency ratio { 25 } receivables and purchased receivables with scheduled payment delinquent more than 60 days ( { 22 } + { 23 } ) { 26 } beginning of period principal balance { 27 } delinquency ratio { 25 } divided by { 26 } { 28 } previous monthly period delinquency ratio { 29 } second previous monthly period delinquency ratio { 30 } average delinquency ratio ( { 27 } + { 28 } + { 29 } ) / 3 { 31 } compliance ( delinquency test failure is a delinqunecy ratio equal to or greater than 4. 00 %. ) cumulative net loss rate { 32 } receivables becoming liquidated receivables during period { 33 } purchased receivables with scheduled payment delinquent more than 30 days at end of period { 35 } net losses during period { 32 } + { 33 } + { 34 } { 36 } net losses since initial cut - off date ( beginning of period ) { 37 } original aggregate principal balance plus pre - funded amount as of the closing date { 38 } cumulative net loss rate ( { 35 } + { 36 } ) / { 37 } { 39 } compliance ( net loss test failure is a net