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: December 22, 1997
SIGNET HELOC TRUST 1995-A
(Exact name of registrant as specified in its charter)
Delaware 33-97660 56-0900030
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
301 South College St., Charlotte, North Carolina 28288-1075
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code):
(704) 374-2265
The exhibit index is located on page 4.
<PAGE>
Item 5 Other Events.
The November, 1997 Statement to Investor Certificateholders
was distributed December 22, 1997.
Item 7 (c) Exhibits.
The following are filed as exhibits to this Report under
Exhibit 1:
Statement to Investor Certificateholders for the period from
November 1, 1997 to November 30, 1997.
Signature
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 hereunto duly authorized.
SIGNET HELOC TRUST 1995-A
By: FIRST UNION NATIONAL BANK
By: /s/ Mary Whittaker
----------------------------
Mary Whittaker
Vice President
Date: December 22, 1997
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBITS
TO
FORM 8-K
SIGNET HELOC TRUST 1995-A
(Exact name of registrant as specified in its charter)
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Exhibits
- ------ --------
1 Statement to Investor Certificateholders for the period
November 1, 1997 to November 30, 1997.
<TABLE>
Statement to Investor Certificateholders
for Signet HELOC Trust 1995-A
Home Equity Loan Asset Backed Certificates, Series 1995-A
Pooling and Servicing Agreement dated December 06, 1995
<S> <C>
Distribution Date 12/22/97
Collection Period 11/01/97 - 11/30/97
Balances and Factors
Beginning Pool Balance 362,415,399.35
Beginning Invested Amount 351,094,390.14
Beginning Investor Certificate Principal Balance 345,806,668.14
Ending Pool Balance 355,785,832.57
Ending Invested Amount 345,017,310.39
Ending Investor Certificate Principal Balance 339,729,588.39
Pool Factor 0.7067364
Rates and Percentages
Certificate Rate 5.958%
Floating Allocation Percentage 96.88%
Collections
Interest Collections (net of Servicing Fee) 2,582,816.01
Total Principal Collections 13,689,388.36
Principal Collections(Net of TDA) 13,689,388.36
Transfer Deposit Amounts 0.00
Servicer Advances 0.00
Policy Draw Amount 0.00
Deficiency Amount 0.00
Investor Certificate Distributions (per $1,000 certificate)
- ----------------------------------------------------------------------------------------------------------
Total Investor Certificate Interest Distribution 3.8098283
- ----------------------------------------------------------------------------------------------------------
Investor Certificate Interest 3.8098283
Carryover Amount 0.0000000
Interest on Carryover Amount 0.0000000
Overdue Investor Certificate Interest 0.0000000
Interest on Overdue Investor Certificate Interest 0.0000000
- ----------------------------------------------------------------------------------------------------------
Total Investor Certificate Principal Distribution 12.6420937
- ----------------------------------------------------------------------------------------------------------
Principal Distribution Amount 12.5888101
Investor Certificate Liquidation Loss Amount* 0.0532836
- ----------------------------------------------------------------------------------------------------------
Total Investor Certificate Distribution 16.4519220
- ----------------------------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 151,006.42
Reimbursement of previous Servicer Advances 0.00
*to be paid to Investor Certificateholders
Charge Offs, Losses, Delinquencies and REO
Current Period Charge Off Amounts 0.00
Current Period Liquidation Loss Amounts 26,438.43
Current Period Investor Certificate Liquidation Loss Amounts 25,613.55
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 1,093,142.67
Accumulated Investor Certificate Liquidation Loss Amounts 1,055,448.26
- ----------------------------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 126
Principal Balance 3,396,226.89
60-89 Days Delinquent
# of Accounts 55
Principal Balance 1,517,059.89
90 and Greater Days Delinquent
# of Accounts 30
Principal Balance 884,140.68
REO
# of Accounts 1
Principal Balance 66,876.02
- ----------------------------------------------------------------------------------------------------------
Outstanding Payments/Reimbursements
Unpaid Carryover Amounts 0.00
Unreimbursed Servicer Advances 0.00
Unreimbursed Liquidation Loss Amount 0.00
Defective/Eligible Substitute Mortgage Loans
Current Period Aggregate
Defective Mortgage Loans 551,662.15
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
</TABLE>
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Mary Whittaker
Title: Vice President
