|
|
|
|
|
|
|
|
|
|
Previous: TREX MEDICAL CORP, 424B3, 1997-08-20 |
Next: NORTH ATLANTIC ACQUISITION CORP, SB-2/A, 1997-08-20 |
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):
August 20, 1997
METRIS MASTER TRUST
METRIS RECEIVABLES, INC.
(Originator of the Metris Master Trust)
(Exact name of registrant as specified in its charter)
Delaware 033-99514 41-1810301
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
4400 Baker Road, Suite F470, Minnetonka, Minnesota 55343
(Address of principal executive offices)
(612) 936-5077
(Registrant's telephone number, including area code)
METRIS RECEIVABLES, INC.
Current Report on Form 8-K
Item 7. Financial Statements and Exhibits
Ex. 20a Series 1996-1 July Certificateholder's
Statement
Ex. 20b Series 1997-1 July Certificateholder's
Statement
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.
METRIS RECEIVABLES, INC.
By /s/Robert W. Oberrender
President and Treasurer
Dated: August 20, 1997
<TABLE>
Exhibit 20a
Metris Receivables, Inc. Metris Master Trust Monthly Report
Certificateholder's Statement Series 1996-1 Jul-97
Section 5.2 Class A Class B Class C Class D Total
<S> <C> <C> <C> <C> <C>
(i) Certificate Amount 518,000,000.00 87,500,000.00 50,000,000.00 44,500,000.00 700,000,000.00
(ii) Certificate Principal Distributed 0.00 0.00 0.00 0.00
(iii) Certificate Interest Distributed 2,784,250.00 495,833.33 263,085.83 3,543,169.16
(iv) Principal Collections 24,960,555.91 4,216,310.12 2,409,320.07 2,136,932.15 33,723,118.25
(v) Finance Charge Collections 10,538,613.13 1,780,171.14 1,017,240.65 902,125.74 14,238,150.66
Recoveries 81,089.24 13,697.51 7,827.15 6,966.16 109,580.05
Interest Earned on Accounts 0.00 0.00 0.00 0.00 0.00
Total Finance Charge Collections 10,619,702.37 1,793,868.64 1,025,067.80 909,091.90 14,347,730.71
Total Collections 35,580,258.28 6,010,178.76 3,434,387.86 3,046,024.06 48,070,848.96
(vi) Aggregate Amount of Principal Receivables 2,090,328,797.76
Invested Amount (End of Month) 518,000,000.00 87,500,000.00 50,000,000.00 44,500,000.00 700,000,000.00
Floating Allocation Percentage 24.7807905% 4.1859443% 2.3919682% 2.1288517% 33.4875547%
Invested Amount (Beginning of Month) 518,000,000.00 87,500,000.00 50,000,000.00 44,500,000.00 700,000,000.00
Average Daily Invested Amount 699,827,497.34
(vii) Receivable Delinquencies (As a % of Total Receivables)
Current 86.92% 1,879,034,511.05
30 Days to 59 Days (1 to 29 Days Contractually Delinquent) 6.82% 147,534,455.58
60 Days to 89 Days (30 to 59 Days Contractually Delinquent) 2.17% 47,015,766.94
90 Days and Over (60+ Days Contractually Delinquent) 4.08% 88,256,239.80
Total Receivables 100.00% 2,161,840,973.37
(viii) Aggregate Investor Default Amount 5,559,996.58
As a % of Average Daily Invested Amount (Annualized based on 365 days/year) 9.35%
(ix) Charge-Offs 0.00 0.00 0.00 0.00 0.00
(x) Servicing Fee 1,189,041.10
(xi) Pool Factor 1.0000000 1.0000000 1.0000000
(xii) Unreimbursed Reallocated Principal Collections 0.00 0.00 0.00 0.00
(xiii) Excess Funding Account Balance 0.00
Prefunding Account Balance 0.00
(xiv) Class C Reserve Amount 0.00
Class C Reserve Account Balance 4,996,158.39
Class C Trigger Event Occurrence None
Average Net Portfolio Yield 14.7849%
Minimum Base Rate 8.4864%
</TABLE>
<TABLE>
Exhibit 20b
Metris Receivables, Inc. Metris Master Trust Monthly Report
Certificateholder's Statement Series 1997-1 Jul-97
Section 5.2 Class A Class B Class C Class D Total
<S> <C> <C> <C> <C> <C>
(i) Certificate Amount 616,250,000.00 106,250,000.00 72,250,000.00 55,250,000.00 850,000,000.00
(ii) Certificate Principal Distributed 0.00 0.00 0.00 0.00
(iii) Certificate Interest Distributed 3,528,031.25 629,531.25 392,200.70 4,549,763.20
(iv) Principal Collections 29,694,869.84 5,119,805.15 3,481,467.50 2,650,188.94 40,946,331.43
(v) Finance Charge Collections 12,537,491.01 2,161,636.38 1,469,912.74 1,118,667.43 17,287,707.55
Recoveries 96,469.58 16,632.69 11,310.23 8,649.00 133,061.50
Principal Account Earnings 0.00 0.00 0.00 0.00 0.00
Accum. Period Reserve Acct. Earnings 0.00 0.00 0.00 0.00 0.00
Pre-Funding Account Earnings 0.00 0.00 0.00 0.00 0.00
Total Finance Charge Collections 12,633,960.59 2,178,269.07 1,481,222.97 1,127,316.43 17,420,769.05
Total Collections 42,328,830.43 7,298,074.21 4,962,690.46 3,777,505.37 58,367,100.48
(vi) Aggregate Amount of Principal Receivables 2,090,328,797.76
Invested Amount (End of Month) 616,250,000.00 106,250,000.00 72,250,000.00 55,250,000.00 850,000,000.00
Floating Allocation Percentage 29.4810080% 5.0829324% 3.4563940% 2.6431249% 40.6634593%
Fixed/Floating Allocation Percentage N/A N/A N/A N/A 0.0000000%
Invested Amount (Beginning of Month) 616,250,000.00 106,250,000.00 72,250,000.00 55,250,000.00 850,000,000.00
Average Daily Invested Amount 849,739,071.76
(vii) Receivable Delinquencies (As a % of Total Receivables)
Current 86.92% 1,879,034,511.05
30 Days to 59 Days (1 to 29 Days Contractually Delinquent) 6.82% 147,534,455.58
60 Days to 89 Days (30 to 59 Days Contractually Delinquent) 2.17% 47,015,766.94
90 Days and Over (60+ Days Contractually Delinquent) 4.08% 88,256,239.80
Total Receivables 100.00% 2,161,840,973.37
(viii) Aggregate Investor Default Amount 6,750,950.75
As a % of Average Daily Invested Amount (Annualized based on 365 days/year) 9.35%
(ix) Charge-Offs 0.00 0.00 0.00 0.00
(x) Servicing Fee 1,443,835.62
(xi) Pool Factor 1.0000000 1.0000000 1.0000000
(xii) Unreimbursed Reallocated Principal Collections 0.00 0.00 0.00 0.00
(xiii) Excess Funding Account Balance 0.00
Pre-Funding Account Balance 0.00
(xiv) Class C Reserve Amount 0.00
Class C Reserve Account Balance 6,000,645.32
Class C Trigger Event Occurrence None
(xv) Number of New Accounts Added to the Trust 0
(xvi) Average Net Portfolio Yield 14.7844%
(xvii) Minimum Base Rate 8.8697%
(xviii) Principal Funding Account Balance 0.00
(xix) Accumulation Shortfall N/A
(xx) Scheduled Commencement date of the Accumulation Period March 2001
Accumulation Period Length
(xxi) Required Reserve Account Amount N/A
Available Reserve Account Amount N/A
Covered Amount N/A
</TABLE>
|
|