DAIMLER BENZ AUTO GRANTOR TRUST 1997 A
8-K, 2000-08-31
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)



                                 August 21, 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.)



                550 South College Avenue, Newark, Delaware 19713
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)



                                 (302) 453-5733
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


<PAGE>   2



Item 5.  Other Events

         On August 21, 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 July 2000 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 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
                                             July 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:  August 30, 2000       By:      /s/David H. Olsen
                                  ---------------------------------------------
                                   Name:     David H. Olsen
                                   Title:    Vice President and
                                             Chief Financial Officer






                                      -3-
<PAGE>   4


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

Exhibit No.            Description
-----------            -----------

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
















                                       -4-




<PAGE>   5


                     DAIMLER-BENZ AUTO GRANTOR TRUST 1997-A
                            MONTHLY SERVICING REPORT
                   SERVICER: MERCEDES-BENZ CREDIT CORPORATION
                             TRUSTEE: CITIBANK, N.A.



COLLECTION PERIOD: JULY, 2000
DISTRIBUTION DATE: 8/21/2000



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>                 <C>
     (i)    Principal Distribution
                Class A Amount                                                                $ 8,132,276.22         $12.377528
                Class B Amount                                                                $   383,196.27         $12.377528
     (ii)   Interest Distribution
                Class A Amount                                                                $   501,668.82         $ 0.763553
                Class B Amount                                                                $    23,638.85         $ 0.763553

     (iii)  Monthly Servicing Fee                                                             $    86,827.71         $ 0.126207
                                                                                            ----------------
                Monthly Supplemental Servicing Fee                                            $         0.00         $ 0.000000
                Class A Percentage of the Servicing Fee                                       $    82,920.46         $ 0.126207
                Class A Percentage of the Supplemental Servicing Fee                                   $0.00         $ 0.000000
                Class B Percentage of the Servicing Fee                                            $3,907.25         $ 0.126207
                Class B Percentage of the Supplemental Servicing Fee                                   $0.00

     (iv)   Class A Principal Balance (end of Collection Period)                              $91,372,283.13
            Class A Pool Factor (end of Collection Period)                                         13.907091%
            Class B Principal Balance (end of Collection Period)                              $ 4,305,500.39
            Class B Pool Factor (end of Collection Period)                                         13.907091%

     (v)    Pool Balance (end of Collection Period)                                           $95,677,783.52

     (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 Either       $         0.00         $   0.0000
                              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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