SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) January 12, 1994
FORD CREDIT 1993-B GRANTOR TRUST
(FORD CREDIT AUTO RECEIVABLES CORPORATION - ORIGINATOR)
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(Exact name of registrant as specified in its charter)
DELAWARE 33-65324 38-2973806
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State of other juris- (Commission File Number) (IRS Employer
diction of incorporation Identification
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
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ITEM 5. OTHER EVENTS
The monthly distribution of principal and interest to
Certificateholders relating to the Ford Credit 1993-B Grantor
Trust is contained in the Monthly Report for the Collection
Period ended December 31, 1993 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 dated January 18, Filed with this
1994, for the month ending report.
December 31, 1993 provided to
Chemical Bank, as trustee
under the Ford Credit
1993-B 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 1993-B GRANTOR TRUST
(Registrant)
Date: January 12, 1994 By:/s/R. P. Conrad
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R. P. Conrad
Assistant Secretary
of Ford Credit Auto
Receivables Corporation,
originator of Trust
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EXHIBIT INDEX
DESIGNATION DESCRIPTION
Exhibit 19 Report for the month ending
December 31, 1993 provided to
Chemical Bank, as trustee under
the Ford Credit 1993-B Grantor
Trust, and to Certificateholders.
Ford Credit July 1993-B Grantor Trust
4.30% Asset Backed Certificates
Monthly Servicing Report
Collection Period: December 1993
Distribution Date: January 18, 1994
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<CAPTION>
Number of
Dollar Amount Contracts
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<S> <C> <C>
Principal Deposits in Collection Account
Available Principal Amount $ 35,151,384.65
Realized Losses 296,467.51
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Monthly Principal Distributable Amount 35,447,852.16
Interest Deposits in Collection Account
Available Interest Amount $ 9,001,348.81
Servicing Fee
Class A Servicing Fee $ 753,603.08
Class B Servicing Fee 83,733.68
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Total Servicing Fee $ 837,336.75
Reimbursable Advances 220,164.78
Available Interest Amount Available
for Certificateholders 7,943,847.28
Schedule of Distributions to Certificateholders
Class A
Class A Interest Distributable Amount $ 3,330,506.93
Plus Class A Interest Carryover Shortfall 0.00
Less Class A Available Interest Amount 7,348,058.73
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Class A Interest Draw Amount $ 0.00
Less Available Subordination Amount 22,079,649.20
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Class A Interest Shortfall Amount $ 0.00
Remaining Class A Available Interest Amount 4,017,551.80
Interest Distribution to Class A $ 3,330,506.93
Class A Principal Distributable Amount $ 32,789,263.25
Plus Class A Principal Carryover Shortfall 0.00
Less Class A Available Principal Amount 32,515,030.80
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Class A Principal Draw Amount $ 274,232.45
Less Available Subordination Amount 22,079,649.20
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Class A Principal Shortfall Amount $ 0.00
Principal Distribution to Class A $ 32,789,263.25
Class B
Class B Interest Distributable Amount $ 4,613,340.35
Plus Class B Interest Carryover Shortfall 0.00
Less Class B Available Interest Amount 4,613,340.35
Plus Class B Interest Draws 0.00
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Class B Interest Shortfall Amount $ 0.00
Interest Distributions to Class B $ 4,613,340.35
Class B Principal Distributable Amount $ 2,658,588.91
Plus Class B Principal Carryover Shortfall 518,412.32
Less Class B Available Principal Amount 2,636,353.85
Plus Class B Principal Draws 274,232.45
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Class B Principal Shortfall Amount $ 814,879.83
Principal Distributions to Class B $ 2,362,121.40
Principal Balances
Class A Beginning Principal Balance $ 929,443,794.55
Less Reductions to Class A Principal
Balance 32,789,263.25
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Class A Ending Principal Balance $ 896,654,531.30
Class B Beginning Principal Balance $ 75,360,307.67
Less Reductions to Class B Principal
Balance 2,658,588.91
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Class B Ending Principal Balance $ 72,701,718.76
Beginning Pool Principal Balance $ 1,004,804,102.22 92,407
Less Reductions in Pool Principal Balance 35,447,852.16
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Ending Pool Principal Balance $ 969,356,250.06 90,881
Calculation of Pool Factor
Class A Pool Factor (Ending Class A
Principal Balance divided by Initial
Class A Principal Balance to 7 decimal
places) 0.8170593
Calculation of Subordinated Spread Account
Beginning Subordinated Spread Account Balance $ 14,829,955.00
Plus Net Change in Spread Account 0.00
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Ending Subordinated Spread Account Balance $ 14,829,955.00
Advances
Advances at Beginning of the Month $ 7,749,105.88
Plus Net Change in Advances 621,521.87
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Advances at End of the Month $ 8,370,627.75 20,281
Payaheads
Payaheads at Beginning of the Month $ 6,538,403.85
Plus Net Change in Payaheads 483,261.19
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Payaheads at End of the Month $ 7,021,665.04 18,778
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