, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Imperial CMB Trust Series 1998-2 Collateralized Asset-Backed
Bonds; File No. 333-38879.
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of Imperial CMB Trust Series
1998-1 (as issuer under a series 1998-1 Indenture dated as of
January 29, 1998, providing for, among other things, the issuance of
Collateralized Asset-Backed Bonds Series 1998-1 is a Current Report
on Form 8-K.
The Series 1998-1 Collateralized Asset-Backed Bonds will include
four classes (the "Bonds"): (i) Class A Bonds (the "Senior Bonds");
(ii) Class M-1 Bonds and Class M-2 Bonds (together, the "Class M
Bonds"); and (iii) Class B Bonds (the "Class B Bonds"; and together
with the Class M Bonds, the "Subordinate Bonds"). The Bonds will
represent obligations of the Imperial CMB Trust Series 1998-1 (the
"Issuer"), which will be formed pursuant to a Trust Agreement to be
dated as of January 16, 1998. The Bonds will be issued pursuant to
an Indenture to be dated as of January 29, 1998, between the Issuer
and Bankers Trust Company of California, N.A., the Indenture Trustee
(the "Indenture
The Bonds were registered under the Securities Act of 1933. As a
result, the Registrant is subject to the filing requirements of
Section 15(d) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). The Trust intends to fulfill these filing
requirements in the manner described herein:
The agent for Registrant will file, promptly after each Distribution
Date (as defined in the Indenture), a Current Report on Form 8-K in
substantially the form enclosed herewith, including as an exhibit
thereto the applicable Distribution Date Report. Each such Current
Report will also disclose under Item 5 any matter occurring during
the relevant reporting period which would be reportable under Item
1, 2, 4 or 5 of Part II of Form 10-Q.
Within 90 days after the end of each fiscal year, the agent for the
Registrant will file an annual report of Form 10-K, which responds to
Items 2, 3, and 4 of Part I, Items 5 and 9 of Part II, Items 12 and
13 of Part III and Item 14 of Part IV thereof, and include as
exhibits thereto certain information from the Distribution Date
reports aggregated for such year and a copy of the independent
accountants' annual compliance statement required under the Pooling
and Servicing Agreement.
The agent for the Registrant will follow the above procedures except
for any fiscal year as to which its reporting obligations under
Section 15(d) of the Exchange Act have been suspended pursuant to
such Section. In such event, the agent for the Registrant will file
a Form 15 as required under Rule 15d-6.
Should you wish to discuss the above filing procedures, please call
Judy L. Gomez at (714) 253-7562.
Sincerely,
/s/ Judy L. Gomez
Assistant Vice President
Bankers Trust Company of California, N.A.
S.E.C. Reporting Agent for Imperial CMB Trust Series 1998-1
Collateralized Asset-Backed Bonds Series, 1998-1.
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
Date of Report (Date of earliest event reported): February 26, 1998
IMPERIAL CMB TRUST SERIES 1998-1
(as issuer under the Indenture, dated as of January 29, 1998,
providing for the issuance of Collaterialized Asset-Backed Bonds
Series, 1998-1).
IMPERIAL CMB TRUST SERIES 1998-1
(Exact name of Registrant as specified in its Charter)
CALIFORNIA
(State or Other Jurisdiction of Incorporation)
333-08439 33-0705301
(Commission File Number) (I.R.S. Employer
Identification No.)
20371 IRVINE AVENUE
SANTA ANA, CALIFORNIA 92707
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (714) 556-0122
ITEM 5. Other Events
Attached hereto are copies of the Monthly Remittance Statements
to the Certificateholders which were derived from the monthly
information submitted by the Master Servicer to the Trustee.
ITEM 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
February 25, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
March 25, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
April 25, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
May 25, 1998.
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.
Bankers Trust Company of California, N.A.,
not in its individual capacity, but solely
as a duly authorized agent of the Registrant
pursuant to the Indenture, dated as of
January 29, 1998.
Date: , 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Remittance Statement to the Certificateholders
dated as of February 25, 1998. 5
Monthly Remittance Statement to the Certificateholders
dated as of March 25, 1998. 5
Monthly Remittance Statement to the Certificateholders
dated as of March 25, 1998. 5
Monthly Remittance Statement to the Certificateholders
dated as of March 25, 1998. 5
