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) August 1, 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
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(State of other juris- (Commission File Number) (IRS Employer
diction of incorporation I.D. No.)
The American Road, Dearborn, Michigan 48121
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(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
Period ended July 31, 1995 provided to Chemical Bank,
as trustee, and to the Certificateholders. 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
July 31, 1995 provided to Report.
Chemical Bank, as trustee
under the Ford Credit
1995-A Grantor Trust,
and to Certificateholders.
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: August 18, 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
July 31, 1995 provided to
Chemical Bank, as trustee under
the Ford Credit 1995-A Grantor
Trust, and to Certificateholders.
<PAGE 1>
Ford Credit JUL 1995-A Grantor Trust
5.90% Asset Backed Certificates
MONTHLY SERVICING REPORT
------------------------
Collection Period: July 1995
Distribution Date: August 15, 1995
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<CAPTION>
Number of
Dollar Amount Contracts
------------- ---------
<S> <C> <C>
Principal Deposits in Collection Account
----------------------------------------
Scheduled Principal Payments $ 24,157,001.77
Prepayments in Full 14,872,020.95
Warranty and Administrative Repurchases 12,854.03
Liquid. Proceeds, Recov. & Released Payaheads 417.40
------------------
Available Principal Amount $ 39,042,294.15
Realized Losses 2,818.86
------------------
Monthly Principal Distributable Amount $ 39,045,113.01
Interest Deposits in Collection Account
---------------------------------------
Available Interest Amount $ 9,877,170.66
Servicing Fee
-------------
Class A Servicing Fee $ 919,424.26
Class B Servicing Fee 63,917.19
Servicing Fee Carryforward Amount 0.00
------------------
Total Servicing Fee $ 983,341.45
Available Subordination Amount 4,307,764.12
Servicing Fee Shortfall Amount 0.00
Reimbursable Advances 0.00
Available Int. Amount for Certificateholders 8,893,829.21
Schedule of Distributions to Certificateholders
-----------------------------------------------
Class A
-------
Class A Interest Distributable Amount $ 5,424,603.12
Plus: Class A Int. Carryover Shortfall 0.00
Less: Class A Available Interest Amount 8,315,730.31
------------------
Class A Interest Draw Amount $ 0.00
Less: Available Subordination Amount 7,776,990.21
------------------
Class A Interest Shortfall Amount $ 0.00
Remaining Class A Available Interest Amount 2,891,127.19
Interest Distribution to Class A $ 5,424,603.12
Class A Principal Distributable Amount $ 36,507,180.66
Plus: Class A Prin. Carryover Shortfall 0.00
Less: Class A Available Principal Amount $ 36,504,545.03
------------------
Class A Principal Draw Amount $ 2,635.63
Less: Available Subordination Amount 7,776,990.21
------------------
Class A Principal Shortfall Amount $ 0.00
Principal Distribution to Class A $ 36,507,180.66
<PAGE>
<PAGE 2>
Class B
-------
Class B Interest Distributable Amount $ 3,469,226.09
Plus: Class B Int. Carryover Shortfall 0.00
Less: Class B Available Interest Amount 3,469,226.09
Plus: Class B Interest Draws 0.00
------------------
Class B Interest Shortfall Amount $ 0.00
Interest Distributions to Class B $ 3,469,226.09
Class B Principal Distributable Amount $ 2,537,932.35
Plus: Class B Prin. Carryover Shortfall 0.00
Less: Class B Available Principal Amount 2,537,749.12
Plus: Class B Principal Draws 2,635.63
------------------
Class B Principal Shortfall Amount $ 2,818.86
Principal Distributions to Class B $ 2,535,113.49
Principal Balances
------------------
Class A Beginning Principal Balance $ 1,103,309,109.62
Less: Reductions to Class A Prin. Balance 36,507,180.66
------------------
Class A Ending Principal Balance $ 1,066,801,928.96
Class B Beginning Principal Balance $ 76,700,633.29
Less: Reductions to Class B Prin. Balance 2,537,932.35
------------------
Class B Ending Principal Balance $ 74,162,700.94
Beginning Pool Principal Balance $ 1,180,009,742.91 101,630
Less: Reductions in Pool Prin. Balance 39,045,113.01
------------------
Ending Pool Principal Balance $ 1,140,964,629.90 100,227
Calculation of Pool Factor
--------------------------
Class A Pool Factor (End Class A Prin. 0.9669112
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 $ 1,770,015.00
Plus: Interest Distrib. to Class B 3,469,226.09
Plus: Principal Distrib. to Class B 2,535,113.49
Less: Withdrawals from Sub. Spread Account 0.00
------------------
Adjusted Subordinated Spread Account $ 7,774,354.57
Remaining Subordinated Spread Account $ 7,774,354.57
(lesser of A or B)
<PAGE>
<PAGE 3>
Calc. of Specified Subord. Spread Acct. Ratios
----------------------------------------------
Annualized Average Losses/Pool Balance 0.002%
Average Delinquent & Repo Inventory Contracts/ 0.018%
Outstanding Contracts
Advances
--------
Advances at Beginning of the Month $ 4,209,490.03
Plus: Net Change in Advances 689,047.42
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Advances at End of the Month $ 4,898,537.45
Payaheads
---------
Payaheads at Beginning of the Month $ 5,808,945.07
Plus: Net Change in Payaheads 740,510.55
------------------
Payaheads at End of the Month $ 6,549,455.62
Delinquency Amounts Excluding Repo Inventory
--------------------------------------------
31 - 60 Days $ 10,050,718.42 891
61 - 90 Days 15,214.32 1
91 - 120 Days 0.00 0
Over 120 Days 0.00 0
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$ 10,065,932.74 892
Repo Inventory 18
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