DAIMLER BENZ AUTO GRANTOR TRUST 1995-A
8-K, 1996-11-07
ASSET-BACKED SECURITIES
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<PAGE>   1
                       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




                     DAIMLER-BENZ AUTO GRANTOR TRUST 1995-A
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                               September 16, 1996
- --------------------------------------------------------------------------------
                Date of Report (Date of earliest event reported)



Delaware                      33-96990           13-3770955
- --------                      --------           ----------
(State or other jurisdiction  (Commission File   (I.R.S. Employer Identification
of incorporation)             Number)            No.)



        1201 North Market Street, Suite 1406, Wilmington, Delaware 19801
- --------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)



                                 (302) 426-1900
- --------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)
<PAGE>   2
Item 5. Other Events

         On September 16 and October 15 of 1996, the Principal and Interest
collected during each of the preceding calendar months, respectively, net of
certain adjustments as provided for in the Pooling and Servicing Agreement dated
as of November 1, 1995 (the "Agreement"), among Mercedes-Benz Credit
Corporation, in its individual capacity and as Servicer, Daimler-Benz Vehicle
Receivables Corporation, as Seller, and Citibank, N.A., as Trustee, Yield
Supplement Agent, Payahead Agent and Class A Agent (the "Trustee"), was
distributed to holders ("Certificateholders") of certificates representing
undivided fractional interests in Daimler-Benz Auto Grantor Trust 1995-A. In
accordance with the Agreement, the statements for Class A and Class B
Certificateholders for the August 1996 collection period (the "August
Statement") and the September 1996 collection period (the "September Statement")
was furnished to the Trustee for the benefit of the Certificateholders and, as
such, was distributed by the Trustee to the Certificateholders. Copies of the
August Statement and September Statement are being filed as Exhibit 28.1 and
28.2 to this Current Report on Form 8-K.



Item 7. Financial Statements and Exhibits

         (c)   Exhibits

               Exhibit No.      Description

               28.1             Statement for Class A and Class B
                                Certificateholders for the
                                August 1996 Collection Period

               28.2             Statement for Class A and Class B
                                Certificateholders for the
                                September 1996 Collection Period

                                       -2-
<PAGE>   3
                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              Daimler-Benz Auto Grantor Trust 1995-A
                                                (Registrant)

                              By: Mercedes-Benz Credit Corporation, as Servicer


Date:  October 31, 1996       By:  /s/   David A. Klanica
                                  --------------------------------------
                                  Name:  David A. Klanica
                                  Title: Director of Accounting Services


                                       -3-
<PAGE>   4
                                INDEX TO EXHIBITS

Exhibit No.         Description

    28.1            Statement for Class A and Class B Certificateholders for the
                    August 1996 Collection Period

    28.2            Statement for Class A and Class B Certificateholders for the
                    September 1996 Collection Period

                                       -4-

<PAGE>   1
                     DAIMLER-BENZ AUTO GRANTOR TRUST 1995-A
                            MONTHLY SERVICING REPORT
                   SERVICER: MERCEDES-BENZ CREDIT CORPORATION
                             TRUSTEE: CITIBANK, N.A.



COLLECTION PERIOD: AUGUST 1996
DISTRIBUTION DATE: 9/16/96

<TABLE>
<CAPTION>
STATEMENT FOR CLASS A AND CLASS B CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT                                                 PER $1,000 OF ORIGINAL
                                                                                                      Class A/Class B
                                                                                                     Certificate Amount
                                                                                                   ----------------------
<S>                                                                                <C>             <C>
   (i)  Principal Distribution
             Class A Amount                                                        $ 18,235,399.43      $31.9832
             Class B Amount                                                        $    959,757.87      $31.9832
  (ii)  Interest Distribution
             Class A Amount                                                        $  1,887,183.37      $ 3.3099
             Class B Amount                                                        $     99,325.44      $ 3.3099
 (iii)  Amount of Distribution allocable to the Yield Supplement Amount            $     32,275.59
             Class A Amount                                                        $     30,661.81
             Class B Amount                                                        $      1,613.78
        Amount of Distribution allocable to the (Excess) Shortfall Amount          $     35,088.21
             Class A Percentage                                                    $     33,333.80
             Class B Percentage                                                    $      1,754.41
  (iv)  Monthly Servicing Fee                                                      $    339,574.16      $ 0.5658
             Monthly Supplemental Servicing Fee                                    $          0.00      $ 0.0000
             Class A Percentage of the Servicing Fee                               $    322,595.45      $ 0.5658
             Class A Percentage of the Supplemental Servicing Fee                  $          0.00      $ 0.0000
             Class B Percentage of the Servicing Fee                               $     16,978.71      $ 0.5658
             Class B Percentage of the Supplemental Servicing Fee                  $          0.00
   (v)  Class A Principal Balance (end of Collection Period)                       $368,879,138.75
        Class A Pool Factor (end of Collection Period)                                   64.698042%
        Class B Principal Balance (end of Collection Period)                       $ 19,414,691.51
        Class B Pool Factor (end of Collection Period)                                   64.698042%
  (vi)  Pool Balance (end of Collection Period)                                    $388,293,830.26

 (vii)  Class A Interest Carryover Shortfall                                       $          0.00
        Class A Principal Carryover Shortfall                                      $          0.00
        Class B Interest Carryover Shortfall                                       $          0.00
        Class B Principal Carryover Shortfall                                      $          0.00

(viii)  Amount Otherwise Distributable to the Seller that is Distributed to
        Either the Class A or Class B Certificateholders                           $          0.00      $ 0.0000


  (ix)  Balance of the Reserve Fund Property (end of Collection Period)
             Class A Amount                                                        $  6,001,631.84
             Class B Amount                                                        $          0.00

   (x)  Aggregate Purchase Amount of Receivables repurchased by the
        Seller or the Servicer                                                     $          0.00
</TABLE>

                                                                          Page 1

<PAGE>   1
                     DAIMLER-BENZ AUTO GRANTOR TRUST 1995-A
                            MONTHLY SERVICING REPORT
                   SERVICER: MERCEDES-BENZ CREDIT CORPORATION
                             TRUSTEE: CITIBANK, N.A.



COLLECTION PERIOD: SEPTEMBER 1996
DISTRIBUTION DATE: 10/15/96

<TABLE>
<CAPTION>
STATEMENT FOR CLASS A AND CLASS B CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT                                                        Per $1,000 of Original
                                                                                                              Class A/Class B
                                                                                                            Certificate Amount
                                                                                                          ----------------------
<S>                                                                                  <C>                  <C>
   (i)  Principal Distribution
             Class A Amount                                                          $  17,673,720.52           $30.9981
             Class B Amount                                                          $     930,195.81           $30.9981
  (ii)  Interest Distribution
             Class A Amount                                                          $   1,798,285.80           $ 3.1540
             Class B Amount                                                          $      94,646.62           $ 3.1540
 (iii)  Amount of Distribution allocable to the Yield Supplement Amount              $      30,156.56
             Class A Amount                                                          $      28,648.73
             Class B Amount                                                          $       1,507.83
        Amount of Distribution allocable to the (Excess) Shortfall Amount            $       9,976.59
             Class A Percentage                                                      $       9,477.76
             Class B Percentage                                                      $         498.83
  (iv)  Monthly Servicing Fee                                                        $     323,578.19           $ 0.5392
             Monthly Supplemental Servicing Fee                                      $           0.00           $ 0.0000
             Class A Percentage of the Servicing Fee                                 $     307,399.28           $ 0.5392
             Class A Percentage of the Supplemental Servicing Fee                    $           0.00           $ 0.0000
             Class B Percentage of the Servicing Fee                                 $      16,178.91           $ 0.5392
             Class B Percentage of the Supplemental Servicing Fee                    $           0.00
   (v)  Class A Principal Balance (end of Collection Period)                         $ 351,205,418.23
        Class A Pool Factor (end of Collection Period)                                      61.598233%
        Class B Principal Balance (end of Collection Period)                         $  18,484,495.70
        Class B Pool Factor (end of Collection Period)                                      61.598233%
  (vi)  Pool Balance (end of Collection Period)                                      $ 369,689,913.93

 (vii)  Class A Interest Carryover Shortfall                                         $           0.00
        Class A Principal Carryover Shortfall                                        $           0.00
        Class B Interest Carryover Shortfall                                         $           0.00
        Class B Principal Carryover Shortfall                                        $           0.00

(viii)  Amount Otherwise Distributable to the Seller that is Distributed to
        Either the Class A or Class B Certificateholders                             $           0.00           $ 0.0000


  (ix)  Balance of the Reserve Fund Property (end of Collection Period)
             Class A Amount                                                          $   6,001,631.84
             Class B Amount                                                          $           0.00

   (x)  Aggregate Purchase Amount of Receivables repurchased by the Seller
        or the Servicer                                                              $           0.00
</TABLE>

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