DAIMLER BENZ AUTO GRANTOR TRUST 1997 A
8-K, 2000-03-06
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 1997-A
         -------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                                February 22, 2000
         -------------------------------------------------------------
                Date of Report (Date of earliest event reported)



Delaware                           000-23923             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 February 22, 2000, 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 October 1, 1997 (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 Auto Grantor Trust
1997-A. In accordance with the Agreement, the statements for Class A and Class B
Certificateholders for the January 2000 collection period (the "January
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 January Statement is being filed as Exhibit 20
to this Current Report on Form 8-K.



Item 7.  Financial Statements and Exhibits

         (c)      Exhibits

                  Exhibit No.            Description

                  20                     Statement for Class A and Class B
                                         Certificateholders for the
                                         January 2000 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 1997-A
                                               (Registrant)

                             By:  Mercedes-Benz Credit Corporation, as Servicer


Date: February 23, 2000      By:      /s/David A. Klanica
                                  -----------------------
                                   Name:       David A. Klanica
                                   Title:      Director of Accounting Services



                                       -3-


<PAGE>   4



                                INDEX TO EXHIBITS
                                -----------------

Exhibit No.                    Description

    20                         Statement for Class A and Class B
                               Certificateholders for the January 2000
                               Collection Period






                                      -4-

<PAGE>   1
                     Daimler-Benz Auto Grantor Trust 1997-A
                            Monthly Servicing Report
                   Servicer: Mercedes-Benz Credit Corporation
                             Trustee: Citibank, N.A.



Collection Period: January 2000
Distribution Date: 2/22/2000


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>
(i)     Principal Distribution
        ----------------------
                     Class A Amount                                               $10,623,721.78         $16.16957
                     Class B Amount                                                  $500,594.24         $16.16957

(ii)    Interest Distribution
        ---------------------
                     Class A Amount                                                  $799,186.10         $1.216381
                     Class B Amount                                                   $37,657.98         $1.216381

(iii)   Monthly Servicing Fee                                                        $138,321.34         $0.201055
        ---------------------                                                        -----------
                     Monthly Supplemental Servicing Fee                                    $0.00         $0.000000
                     Class A Percentage of the Servicing Fee                         $132,096.88         $0.201055
                     Class A Percentage of the Supplemental Servicing Fee                  $0.00         $0.000000
                     Class B Percentage of the Servicing Fee                           $6,224.46         $0.201055
                     Class B Percentage of the Supplemental Servicing Fee                  $0.00

(iv)    Class A Principal Balance (end of Collection Period)                     $147,892,529.43
        Class A Pool Factor (end of Collection Period)                                 22.509614%
        Class B Principal Balance (end of Collection Period)                       $6,968,758.15
        Class B Pool Factor (end of Collection Period)                                 22.509614%

(v)     Pool Balance (end of Collection Period)                                  $154,861,287.58

(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                                              $0.00

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

(viii)  Balance of the Reserve Fund Property (end of Collection Period)
                     Class A Amount                                                $6,879,784.34
                     Class B Amount                                                        $0.00

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





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