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
November 15, 1999
(Date of earliest event reported)
DEUTSCHE RECREATIONAL ASSET FUNDING CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 333-56303 91-1904587
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) identification No.)
655 Maryville Centre Drive
St. Louis, Missouri 63141
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 523-3000
Item 5. Other Events.
Copies of the monthly payment date statements to noteholders, as required by
the Transfer and Servicing Agreement are being filed as Exhibits 1, 2 and 3
of this current report on Form 8-K.
Item 7.(c) Exhibits.
EX-1 Distribution Financial Services RV Trust 1999-1
November 15, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
EX-2 Distribution Financial Services Marine Trust 1999-2
November 15, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
EX-3 Distribution Financial Services RV Trust 1999-3
November 15, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
SIGNATURES
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.
DEUTSCHE RECREATIONAL ASSET FUNDING CORPORATION
(Registrant)
Date: November 18, 1999
By: /s/ Richard C. Goldman
Name: Richard C. Goldman
Title: Vice President
Exhibit 1
Distribution Financial Services RV Trust 1999-1
November 15, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
<TABLE>
<S> <C>
Beginning Pool Balance $855,962,910.63
Beginning Pool Factor 2.28542592
Distribution Allocable to Principal on Notes
<CAPTION>
Prior Current
Class Principal Pymt. $1000 orig.prin.bal. Principal Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C>
A-1 $0.00 0.0000000 $0.00 0.0000000
A-2 $17,467,705.64 0.0000000 $17,912,973.67 780.7378060
A-3 $0.00 0.0000000 $0.00 0.0000000
A-4 $0.00 0.0000000 $0.00 0.0000000
A-5 $0.00 0.0000000 $0.00 0.0000000
A-6 $0.00 0.0000000 $0.00 0.0000000
B $0.00 0.0000000 $0.00 0.0000000
C $0.00 0.0000000 $0.00 0.0000000
Distribution Allocable to Interest on Notes
<CAPTION>
Prior Current
Class Rate Interest Pymt. $1000 orig.prin.bal. Interest Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C> <C>
A-1 4.97% $0.00 0.0000000 $0.00 0.0000000
A-2 5.38% $0.00 0.0000000 $876,731.37 3.8532730
A-3 5.70% $0.00 0.0000000 $940,490.50 4.7500000
A-4 5.84% $0.00 0.0000000 $937,524.40 4.8666670
A-5 5.97% $0.00 0.0000000 $794,616.95 4.9750000
A-6 6.02% $0.00 0.0000000 $322,902.77 5.0166670
B 6.36% $0.00 0.0000000 $132,500.00 5.3000000
C 7.23% $0.00 0.0000000 $120,500.00 6.0250000
Note Balance After Giving Effect to Principal Distribution
<CAPTION>
Class Beginning Balance Pool Factor Ending Balance Pool Factor
<S> <C> <C> <C> <C>
A-1 0.00 1.0000000 $0.00 0.0000000
A-2 195,553,465.99 1.0000000 $177,640,492.32 780.7378060
A-3 197,998,000.00 1.0000000 $197,998,000.00 1.0000000
A-4 192,640,000.00 1.0000000 $192,642,000.00 1.0000000
A-5 159,722,000.00 1.0000000 $159,722,000.00 1.0000000
A-6 64,366,000.00 1.0000000 $64,366,000.00 1.0000000
B 25,000,000.00 1.0000000 $25,000,000.00 1.0000000
C 20,000,000.00 1.0000000 $20,000,000.00 1.0000000
<S> <C>
Servicing Fee $356,651.21
Servicing Fee Per $1,000 of Orig.Note 0.9522609
Realized Losses $275,536.15
Reserve Account Balance $17,194,640.41
Payments Received with Respect to Receivables During Most Recently Ended Collection Period $21,441,879.66
Interest Payments Received $5,883,890.68
Scheduled Principal Payments Received $4,743,800.60
Principal Prepayments Received $10,814,188.38
Distribution to Residual Interestholders $0.00
Noteholders' Interest Carryover Shortfall $0.00
Noteholders' Interest Carryover Shortfall Per $1,000 Note 0.0000000
Aggregate Purchase Amounts for Receivables that were purchased in related Collection Period $0.00
Ending Pool Balance $839,925,627.57
Ending Pool Factor 2.24260629
</TABLE>
Exhibit 2
Distribution Financial Services Marine Trust 1999-2
November 15, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
<TABLE>
<S> <C>
Beginning Pool Balance $501,910,825.5
Beginning Pool Factor 1.00000000
Distribution Allocable to Principal on Notes
<CAPTION>
Prior Current
Class Principal Pymt.$1000 orig.prin.bal. Principal Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C>
A-1 $0.00 0.0000000 $7,631,823.38 736.0415220
A-2 $0.00 0.0000000 $0.00 0.0000000
A-3 $0.00 0.0000000 $0.00 0.0000000
A-4 $0.00 0.0000000 $0.00 0.0000000
A-5 $0.00 0.0000000 $0.00 0.0000000
B $0.00 0.0000000 $0.00 0.0000000
C $0.00 0.0000000 $0.00 0.0000000
Distribution Allocable to Interest on Notes
<CAPTION>
Prior Current
Class Rate Interest Pymt. $1000 orig.prin.bal. Interest Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C> <C>
A-1 5.50% $0.00 0.0000000 $747,123.28 3.5392250
A-2 5.98% $0.00 0.0000000 $276,908.88 4.9833330
A-3 6.20% $0.00 0.0000000 $558,666.50 5.1666670
A-4 6.48% $0.00 0.0000000 $357,517.80 5.4000000
A-5 6.6656% $0.00 0.0000000 $299,946.45 5.5546670
B 6.93% $0.00 0.0000000 $190,575.00 5.7750000
C 7.61% $0.00 0.0000000 $139,516.67 6.3416670
Note Balance After Giving Effect to Principal Distribution
<CAPTION>
Class Beginning Balance Pool Factor Ending Balance Pool Factor
<S> <C> <C> <C> <C>
A-1 163,008,716.56 1.0000000 $155,376,893.18 736.0415220
A-2 55,567,000.00 1.0000000 $55,567,000.00 1.0000000
A-3 108,129,000.00 1.0000000 $108,129,000.00 1.0000000
A-4 66,207,000.00 1.0000000 $66,207,000.00 1.0000000
A-5 53,999,000.00 1.0000000 $53,999,000.00 1.0000000
B 33,000,000.00 1.0000000 $33,000,000.00 1.0000000
C 22,000,000.00 1.0000000 $22,000,000.00 1.0000000
<S> <C>
Servicing Fee $209,129.51
Servicing Fee Per $1,000 of Orig.Note 0.3802355
Realized Losses $37,494.84
Reserve Account Balance $19,989,987.58
Payments Received with Respect to Receivables During Most Recently Ended Collection Period $10,080,315.73
Interest Payments Received $3,233,514.17
Scheduled Principal Payments Received $1,779,650.31
Principal Prepayments Received $5,067,151.25
Distribution to Residual Interestholders $0.00
Noteholders' Interest Carryover Shortfall $0.00
Noteholders' Interest Carryover Shortfall Per $1,000 Note 0.0000000
Aggregate Purchase Amounts for Receivables that were purchased in related Collection Period $0.00
Ending Pool Balance $495,026,519.1
Ending Pool Factor 0.90004804
</TABLE>
Exhibit 3
Distribution Financial Services RV Trust 1999-3
November 15, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
<TABLE>
<S> <C>
Beginning Pool Balance $357,179,677.8
Beginning Pool Factor 0.95367181
Distribution Allocable to Principal on Notes
<CAPTION>
Prior Current
Class Principal Pymt. $1000 orig.prin.bal. Principal Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C>
A-1 $0.00 0.0000000 $4,841,424.11 162.2841860
A-2 $0.00 0.0000000 $0.00 0.0000000
A-3 $0.00 0.0000000 $0.00 0.0000000
A-4 $0.00 0.0000000 $0.00 0.0000000
A-5 $0.00 0.0000000 $0.00 0.0000000
A-6 $0.00 0.0000000 $0.00 0.0000000
B $0.00 0.0000000 $0.00 0.0000000
C $0.00 0.0000000 $0.00 0.0000000
Distribution Allocable to Interest on Notes
<CAPTION>
Prior Current
Class Rate Interest Pymt. $1000 orig.prin.bal. Interest Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C> <C>
A-1 5.32% $0.00 0.0000000 $57,222.84 1.9181050
A-2 5.97% $0.00 0.0000000 $499,161.65 4.9750000
A-3 6.43% $0.00 0.0000000 $259,718.42 5.3583330
A-4 6.65% $0.00 0.0000000 $479,952.67 5.5416670
A-5 6.76% $0.00 0.0000000 $211,728.83 5.6333330
A-6 6.88% $0.00 0.0000000 $314,456.13 5.7333333
B 7.17% $0.00 0.0000000 $55,943.93 5.9750000
C 7.92% $0.00 0.0000000 $49,440.60 6.6000000
Note Balance After Giving Effect to Principal Distribution
<CAPTION>
Class Beginning Balance Pool Factor Ending Balance Pool Factor
<S> <C> <C> <C> <C>
A-1 12,481,654.43 1.0000000 $7,640,230.32 256.0999670
A-2 100,334,000.00 1.0000000 $100,334,000.00 1.0000000
A-3 48,470,000.00 1.0000000 $48,470,000.00 1.0000000
A-4 86,608,000.00 1.0000000 $86,608,000.00 1.0000000
A-5 37,585,000.00 1.0000000 $37,585,000.00 1.0000000
A-6 54,847,000.00 1.0000000 $54,847,000.00 1.0000000
B 9,363,000.00 1.0000000 $9,363,000.00 1.0000000
C 7,491,000.00 1.0000000 $7,491,000.00 1.0000000
<S> <C>
Servicing Fee $148,824.87
Servicing Fee Per $1,000 of Orig.Note 0.3973633
Realized Losses $47,508.91
Reserve Account Balance $5,094,916.29
Payments Received with Respect to Receivables During Most Recently Ended Collection Period $7,200,809.80
Interest Payments Received $2,448,600.07
Scheduled Principal Payments Received $1,669,764.59
Principal Prepayments Received $3,082,445.14
Distribution to Residual Interestholders $0.00
Noteholders' Interest Carryover Shortfall $0.00
Noteholders' Interest Carryover Shortfall Per $1,000 Note 0.0000000
Aggregate Purchase Amounts for Receivables that were purchased in related Collection Period $0.00
Ending Pool Balance $352,338,253.7
Ending Pool Factor 0.94074518
</TABLE>
