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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K
(X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For The Fiscal Year Ended December 31, 1996
OR
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For The Transition Period From ____________ to _________
Commission File Number 333-08645-01
CAPITA EQUIPMENT RECEIVABLES TRUST 1996-1
A NEW YORK I.R.S. EMPLOYER IDENTIFICATION
BUSINESS TRUST No. 13-709732
c/o AT&T Capital Corporation
44 Whippany Road, Morristown, New Jersey 07962-1983
Telephone Number 201-397-3000
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of exchange on
which registered
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Receivable-Backed Notes None
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES [X] NO [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
State the aggregate market value of the voting stock held by non-affiliates of
registrant. The aggregate market value shall be computed by reference to the
price at which the stock was sold, or the average bid and asked prices of such
stock, as of specified date within 60 days prior to the date of filing. Not
Applicable
DOCUMENTS INCORPORATED BY REFERENCE
Not Applicable
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TABLE OF CONTENTS
PART I
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Item Description Page
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2. Properties 1
3. Legal Proceedings 1
4. Submission of Matters to a Vote of Security-Holders 1
PART II
5. Market for Registrant's Common Equity and Related
Stockholder Matters 1
9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure 1
PART III
12. Security Ownership of Certain Beneficial Owners and
Management 2
13. Certain Relationships and Related Transactions 2
PART IV
14. Exhibits, Financial Statement Schedules, and Reports
on Form 8-K 2
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PART I
ITEM 2. PROPERTIES
The Trust owns no physical properties.
ITEM 3. LEGAL PROCEEDINGS
There are no pending legal proceedings.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS
No matter has been submitted to a vote of the holders of the
Receivable-Backed Notes or Equity Certificates through the solicitation
of proxies or otherwise.
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
There is no established public trading market for the Equity
Certificates of the Trust. As of December 31, 1996, the number of
holders of record were as follows: Equity Certificates: 1. As of
December 31, 1996, two monthly distributions had been made to the
holders of the Equity Certificates.
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE.
Not Applicable.
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PART III
Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.
Not Applicable.
Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
None
PART IV
Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.
a) Documents filed as a part of the report:
(3) Exhibits:
99(a) Report of Independent Auditors
99(b) Management Assertion pursuant to Section 3.11 of the
Transfer and Servicing Agreement dated October 1,
1996 between Capita Equipment Receivables Trust
1996-1, Antigua Funding Corporation, AT&T Capital
Corporation and The Chase Manhattan Bank.
b) Current Reports on Form 8-K:
Reports on Form 8-K dated November 8, 1996 and December 9, 1996
related to the Capita Equipment Receivables Trust 1996-1
Receivable-Backed Notes were filed.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
CAPITA EQUIPMENT RECEIVABLES TRUST 1996-1
By: AT&T Capital Corporation, as Servicer
By: EDWARD M. DWYER
______________________
Edward M. Dwyer
Senior Vice President and
Chief Financial Officer of
AT&T Capital Corporation
March 28, 1997
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EXHIBIT INDEX
Exhibit No.
99(a) Report of Independent Accountants
99(b) Management Assertion
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Exhibit 99(a)
Form 10-K for 1996
File No. 333-08645-01
REPORT OF INDEPENDENT ACCOUNTANTS
To AT&T Capital Corporation:
We have examined the accompanying management assertion that AT&T Capital
Corporation has maintained effective internal controls over financial reporting
of lease and loan servicing included in the Capita Equipment Receivables Trust
1996-1 based on the criteria established in the Internal Control Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) as of December 31, 1996.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
obtaining an understanding of the internal controls over financial reporting of
lease and loan servicing, testing and evaluating the design and operating
effectiveness of the internal controls, and performing such other procedures as
we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion.
Because of inherent limitations in any internal controls, errors or
irregularities may occur and not be detected. Also, projections of any
evaluation of the internal controls over financial reporting of lease and loan
servicing to future periods are subject to the risk that the internal controls
may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
In our opinion, the accompanying management assertion that AT&T Capital
Corporation has maintained effective internal controls over financial reporting
of lease and loan servicing included in the Capita Equipment Receivables Trust
1996-1 as of December 31, 1996, is fairly stated, in all material respects,
based on the criteria established in the Internal Control Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO).
COOPERS & LYBRAND L.L.P.
New York, New York
March 28, 1997
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Exhibit 99(b)
Form 10-K for 1996
File No. 333-08645-01
AT&T Capital Corporation
Management Assertion
In accordance with the terms of the Transfer and Servicing Agreement dated
as of October 1, 1996 between AT&T Capital Corporation (the "Company") and
The Chase Manhattan Bank, as Indenture Trustee for the Capita Equipment
Receivables Trust 1996-1 (the "Agreement"), the Company is responsible for
servicing leases and loans that are the subject of the Agreement. As of
December 31, 1996, management of the Company believes that it complied with
its servicing responsibilities under the Agreement by maintaining effective
internal controls over financial reporting of the lease and loan servicing based
on the criteria established in Internal Control Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
AT&T Capital Corporation
By: E. M. Dwyer
_____________________
E. M. Dwyer
Senior Vice President and
Chief Financial Officer
