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) November 15, 1995
FORD CREDIT 1995-A GRANTOR TRUST
(Ford Credit Auto Receivables Corporation - Originator)
---------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 33-57273 38-2973806
- -------- -------- ----------
(State of other juris- (Commission File Number) (IRS Employer
diction of incorporation I.D. No.)
The American Road, Dearborn, Michigan 48121
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-322-3000
<PAGE>
ITEM 5. OTHER EVENTS
The monthly distribution of principal and interest to
Certificateholders relating to the Ford Credit 1995-A Grantor
Trust is contained in the Monthly Report for the Collection
Periods ending October 31, 1995 provided to Chemical Bank,
as trustee. Such Monthly Report is attached hereto as
Exhibit 19 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
EXHIBITS
DESIGNATION DESCRIPTION METHOD OF
FILING
Exhibit 19 Report for the month ending Filed with this
October 31, 1995 provided to Report.
Chemical Bank, as trustee
under the Ford Credit
1995-A Grantor Trust.
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 thereunto duly authorized on the
date indicated.
FORD CREDIT 1995-A GRANTOR TRUST
(FORD CREDIT AUTO RECEIVABLES
CORPORATION - ORIGINATOR)
Date: November 15, 1995 By:/s/R. P. Conrad
-------------------
R. P. Conrad
Assistant Secretary
of Ford Credit Auto
Receivables Corporation,
originator of Trust
<PAGE>
EXHIBIT INDEX
DESIGNATION DESCRIPTION
Exhibit 19 Report for the month ending
October 31, 1995 provided to
Chemical Bank, as trustee
under the Ford Credit
1995-A Grantor Trust.
Page 1 of 3
Ford Credit JUL 1995-A Grantor Trust
5.90% Asset Backed Certificates
MONTHLY SERVICING REPORT
------------------------
Collection Period: October 1995
Distribution Date: November 15, 1995
Number of
Dollar Amount Contracts
------------- ---------
Principal Deposits in Collection Account
- ----------------------------------------
Scheduled Principal Payments $ 23,625,299.63
Prepayments in Full 16,344,657.16
Warranty and Administrative Repurchases 0.00
Liquid. Proceeds, Recov. & Released Payaheads 618,128.42
------------------
Available Principal Amount $ 40,588,085.21
Realized Losses 299,235.94
------------------
Monthly Principal Distributable Amount $ 40,887,321.15
Interest Deposits in Collection Account
- ---------------------------------------
Available Interest Amount $ 8,834,364.89
Servicing Fee
- -------------
Class A Servicing Fee $ 826,721.86
Class B Servicing Fee 57,472.64
Servicing Fee Carryforward Amount 0.00
------------------
Total Servicing Fee $ 884,194.50
Available Subordination Amount 11,488,299.54
Servicing Fee Shortfall Amount 0.00
Reimbursable Advances 58,786.66
Available Int. Amount for Certificateholders 7,891,383.73
Schedule of Distributions to Certificateholders
- -----------------------------------------------
Class A
- -------
Class A Interest Distributable Amount $ 4,877,658.98
Plus: Class A Int. Carryover Shortfall 0.00
Less: Class A Available Interest Amount 7,378,443.79
------------------
Class A Interest Draw Amount $ 0.00
Less: Available Subordination Amount 14,502,024.29
------------------
Class A Interest Shortfall Amount $ 0.00
Remaining Class A Available Interest Amount 2,500,784.81
Interest Distribution to Class A $ 4,877,658.98
Class A Principal Distributable Amount $ 38,229,645.28
Plus: Class A Prin. Carryover Shortfall 0.00
Less: Class A Available Principal Amount $ 37,949,859.67
------------------
Class A Principal Draw Amount $ 279,785.60
Less: Available Subordination Amount 14,502,024.29
------------------
Class A Principal Shortfall Amount $ 0.00
Principal Distribution to Class A $ 38,229,645.28
Page 2 of 3
Ford Credit JUL 1995-A Grantor Trust
5.90% Asset Backed Certificates
MONTHLY SERVICING REPORT
------------------------
Collection Period: October 1995
Distribution Date: November 15, 1995
Number of
Dollar Amount Contracts
------------- ---------
Class B
- -------
Class B Interest Distributable Amount $ 3,013,724.75
Plus: Class B Int. Carryover Shortfall 0.00
Less: Class B Available Interest Amount 3,013,724.75
Plus: Class B Interest Draws 0.00
------------------
Class B Interest Shortfall Amount $ 0.00
Interest Distributions to Class B $ 3,013,724.75
Class B Principal Distributable Amount $ 2,657,675.87
Plus: Class B Prin. Carryover Shortfall 144,617.14
Less: Class B Available Principal Amount 2,638,225.54
Plus: Class B Principal Draws 279,785.60
------------------
Class B Principal Shortfall Amount $ 443,853.08
Principal Distributions to Class B $ 2,358,439.93
Principal Balances
- ------------------
Class A Beginning Principal Balance $ 992,066,232.43
Less: Reductions to Class A Prin. Balance 38,229,645.28
------------------
Class A Ending Principal Balance $ 953,836,587.15
Class B Beginning Principal Balance $ 68,967,171.23
Less: Reductions to Class B Prin. Balance 2,657,675.87
------------------
Class B Ending Principal Balance $ 66,309,495.36
Beginning Pool Principal Balance $ 1,061,033,403.66 97,083
Less: Reductions in Pool Prin. Balance 40,887,321.15
------------------
Ending Pool Principal Balance $ 1,020,146,082.51 95,354
Calculation of Pool Factor
- --------------------------
Class A Pool Factor (End Class A Prin. 0.8645234
Bal. divided by Init. Class A Prin. Balance
to 7 decimal places)
Calculation of Subordinated Spread Account
- ------------------------------------------
Lesser of:
A. Specified Subord. Spread Acct. Balance $ 8,850,074.00
and
B. Balance on Previous Payment Date $ 8,850,074.00
Plus: Interest Distrib. to Class B 3,013,724.75
Plus: Principal Distrib. to Class B 2,358,439.93
Less: Withdrawals from Sub. Spread Account 0.00
------------------
Adjusted Subordinated Spread Account $ 14,222,238.69
Remaining Subordinated Spread Account $ 8,850,074.00
(lesser of A or B)
Page 3 of 3
Ford Credit JUL 1995-A Grantor Trust
5.90% Asset Backed Certificates
MONTHLY SERVICING REPORT
------------------------
Collection Period: October 1995
Distribution Date: November 15, 1995
Number of
Dollar Amount Contracts
------------- ---------
<PAGE>
Calc. of Specified Subord. Spread Acct. Ratios
- ----------------------------------------------
Annualized Average Losses/Pool Balance 0.199%
Average Delinquent & Repo Inventory Contracts/ 0.202%
Outstanding Contracts
Advances
- --------
Advances at Beginning of the Month $ 6,979,107.15
Plus: Net Change in Advances -102,989.76
------------------
Advances at End of the Month $ 6,876,117.39
Payaheads
- ---------
Payaheads at Beginning of the Month $ 6,938,878.52
Plus: Net Change in Payaheads 684,695.97
------------------
Payaheads at End of the Month $ 7,623,574.49
Delinquency Amounts Excluding Repo Inventory
- --------------------------------------------
31 - 60 Days $ 11,042,020.56 1,033
61 - 90 Days 921,214.44 81
91 - 120 Days 94,008.36 8
Over 120 Days 67,546.52 5
------------------ --------
$ 12,124,789.88 1,127
Repo Inventory 143
Rept. No.: 1.022 <PAGE>
