DAIMLER BENZ AUTO GRANTOR TRUST 1993-A
8-K, 1997-08-05
ASSET-BACKED SECURITIES
Previous: U S DIAGNOSTIC INC, 8-K, 1997-08-05
Next: GST TELECOMMUNICATIONS INC, 10-Q/A, 1997-08-05



<PAGE>   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




                     DAIMLER-BENZ AUTO GRANTOR TRUST 1993-A
             (Exact name of registrant as specified in its charter)



                                  July 15, 1997
                Date of Report (Date of earliest event reported)



Delaware                             33-68018                51-0349813
(State or other jurisdiction         (Commission File        (I.R.S. Employer
of incorporation)                    Number)                 Identification No.)



        1201 North Market Street, Suite 1406, Wilmington, Delaware 19801
               (Address of principal executive offices) (Zip Code)



                                 (302) 426-1900
              (Registrant's telephone number, including area code)
<PAGE>   2
Item 5.  Other Events

         On July 15, 1997, the Principal and Interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement"),
among Mercedes-Benz Credit Corporation, in its individual capacity and as
Servicer, Daimler-Benz Auto Receivables Corporation, as Seller, and Citibank,
N.A., as Trustee, Payahead Agent and Class A Agent (the "Trustee"), was
distributed to holders ("Certificateholders") of certificates representing
undivided fractional interests in Daimler-Benz Auto Grantor Trust 1993-A. In
accordance with the Agreement, the statement for Class A Certificateholders for
the June 1997 collection period (the "June Statement") was furnished to the
Trustee for the benefit of the Certificateholders and, as such, was distributed
by the Trustee to the Certificateholders. A copy of the June Statement is being
filed as Exhibit 28 to this Current Report on Form 8-K.



Item 7.  Financial Statements and Exhibits

         (c)      Exhibits

<TABLE>
<CAPTION>
                  Exhibit No.                        Description
                  -----------                        -----------
<S>                                                  <C>
                  28                                 Statement for Class A
                                                     Certificateholders for the
                                                     June 1997 Collection Period
</TABLE>




                                       -2-
<PAGE>   3
                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                               Daimler-Benz Auto Grantor Trust 1993-A
                                            (Registrant)

                               By: Mercedes-Benz Credit Corporation, as Servicer


Date: July 29, 1997            By:   /s/  David A. Klanica
                                   ---------------------------------------
                                   Name:  David A. Klanica
                                   Title: Director of Accounting Services




                                       -3-
<PAGE>   4
                                INDEX TO EXHIBITS

<TABLE>
<CAPTION>
Exhibit No.           Description
- -----------           -----------
<S>                   <C>
    28                Statement for Class A Certificateholders for the June 1997
                      Collection Period
</TABLE>




                                       -4-

<PAGE>   1
                     DAIMLER-BENZ AUTO GRANTOR TRUST 1993-A
                            MONTHLY SERVICING REPORT
                   SERVICER: MERCEDES-BENZ CREDIT CORPORATION
                             TRUSTEE: CITIBANK, N.A.



COLLECTION PERIOD: JUNE 1997
DISTRIBUTION DATE: 7/15/97



STATEMENT FOR CLASS A CERTIFICATEHOLDERS
PURSUANT TO SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT

<TABLE>
<CAPTION>
                                                                                                 Per $1,000 of
                                                                                                Original Class A
                                                                                                   Certificate
                                                                                                     Amount
                                                                                                ----------------
<S>                                                                          <C>                <C>
   (i) Principal Distribution                                                $   2,398,242.08      $4.700337

  (ii) Interest Distribution                                                 $      52,462.99      $0.102823

 (iii) Amount of Distribution allocable to the Yield Suppl. Amount           $       3,210.11
       Amount of Distribution allocable to the Shortfall (Excess) Amount     $       2,719.72

  (iv) Monthly Servicing Fee                                                 $      14,464.57      $0.028349
       Monthly Supplemental Servicing Fee                                    $           0.00      $0.000000
       Class A Percentage of the Servicing Fee                               $      13,452.05      $0.026365
       Class A Percentage of the Supplemental Servicing Fee                  $           0.00      $0.000000

   (v) Class A Principal Balance (end of Collection Period)                  $  13,744,217.74
       Class A Pool Factor (end of Collection Period))                              2.6937421%
       Class B Principal Balance (end of Collection Period)                  $   1,034,511.01

  (vi) Pool Balance (end of Collection Period)                               $  14,778,728.75

 (vii) Class A Interest Carryover Shortfall                                  $           0.00      $0.000000
       Class A Principal Carryover Shortfall                                 $           0.00      $0.000000

(viii) Amount otherwise distributable to Class B Certificateholders          $           0.00
       that is distributed to Class A Certificateholders

  (ix) Balance of the Reserve Fund Property (end of Collection Period)       $   5,486,319.09

   (x) Aggregate Purchase Amount of Receivables repurchased by               $           0.00
       the Seller or the Servicer
</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission