DAIMLER BENZ VEHICLE TRUST 1996-A
8-K, 1997-09-02
Previous: FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 204, 487, 1997-09-02
Next: SIGNATURE EYEWEAR INC, S-1/A, 1997-09-02



<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 VEHICLE TRUST 1996-A
        ----------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                                 August 20, 1997
        ----------------------------------------------------------------
                Date of Report (Date of earliest event reported)



Delaware                             333-15571               13-3770955
(State or other jurisdiction         (Commission File        (I.R.S. Employer
of incorporation)                    Number)                 Identification 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 August 20, 1997, the Principal and Interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
Pooling and Servicing Agreement dated as of November 1, 1996 (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, Payahead Agent, Class A Agent and Class B Agent (the
"Trustee"), was distributed to holders ("Certificateholders") of certificates
representing undivided fractional interests in Daimler-Benz Vehicle Trust
1996-A. In accordance with the Agreement, the statements for Class A and Class B
Certificateholders for the July 1997 collection period (the "July Statement")
was furnished to the Trustee for the benefit of the Certificateholders and, as
such, was distributed by the Trustee to the Certificateholders. A copy of the
July Statement is being filed as Exhibit 28 to this Current Report on Form 8-K.



Item 7. Financial Statements and Exhibits

      (c)   Exhibits

            Exhibit No.             Description
            -----------             -----------
            28                      Statement for Class A and Class B
                                    Certificateholders for the
                                    July 1997 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 Vehicle Trust 1996-A
                                          (Registrant)

                              By:  Mercedes-Benz Credit Corporation, as Servicer


Date:  August 25, 1997        By:         /s/David A. Klanica
                                  ----------------------------------------------
                                  Name:   David A. Klanica
                                  Title:  Director of Accounting Services


                                       -3-
<PAGE>   4
                                INDEX TO EXHIBITS

   Exhibit No.       Description
   -----------       -----------
       28            Statement for Class A and Class B Certificateholders
                       for the July 1997 Collection Period


                                       -4-

<PAGE>   1
                       DAIMLER-BENZ VEHICLE TRUST 1996-A
                            MONTHLY SERVICING REPORT
                   SERVICER: MERCEDES-BENZ CREDIT CORPORATION
                            TRUSTEE: CITIBANK, N.A.



COLLECTION PERIOD: JULY 1997
DISTRIBUTION DATE: 8/20/97


STATEMENT FOR CLASS A AND CLASS B CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT

<TABLE>
<CAPTION>
                                                                                                            Per $1,000 of  Original
                                                                                                                Class A/Class B
                                                                                                               Certificate Amount
                                                                                                            -----------------------
<S>       <C>                                                                        <C>                    <C>
    (i)   Principal Distribution
            Class A Amount                                                           $26,349,338.50                $33.135980
            Class B Amount                                                            $1,184,195.32                $17.481518

   (ii)   Interest Distribution
            Class A Amount                                                            $2,760,097.47                 $3.470999
            Class B Amount                                                              $235,124.96                 $3.470999

  (iii)   Monthly Servicing Fee                                                         $512,003.83                 $0.593333
            Monthly Supplemental Servicing Fee                                                $0.00                 $0.000000
            Class A Percentage of the Servicing Fee                                     $471,811.53                 $0.593333
            Class A Percentage of the Supplemental Servicing Fee                              $0.00                 $0.000000
            Class B Percentage of the Servicing Fee                                      $40,192.30                 $0.593333
            Class B Percentage of the Supplemental Servicing Fee                              $0.00

   (iv)   Class A Principal Balance (end of Collection Period)                      $539,824,502.19
          Class A Pool Factor (end of Collection Period)                                  67.886388%
          Class B Principal Balance (end of Collection Period)                       $45,986,135.02
          Class B Pool Factor (end of Collection Period)                                  67.886388%

    (v)   Pool Balance (end of Collection Period)                                   $585,810,637.21

   (vi)   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                                     ($10,490,262.36)

  (vii)   Amount Otherwise Distributable to the Seller that is Distributed to 
            Either the Class A or Class B Certificateholders                                  $0.00                 $0.000000

 (viii)   Balance of the Reserve Fund Property (end of Collection Period)
            Class A Amount                                                           $24,616,863.40
            Class B Amount                                                                    $0.00

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


                                                                          Page 1


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission