Bombardier Credit Receivables Corporation
Bombardier Capital Inc. as Servicer
DISTRIBUTION DATE STATEMENT Series 1994-1
Distribution Date: 35506
1. Amount of principal paid or distributed:
(a) Class A Certificates: 62750000
166.6666667 "per $1,000 original"
principal amount of Class A
Certificates
(b) Class B Certificates: 0
0 "per $1,000 original"
principal amount of Class B
Certificates
"2, Floating Allocation Percentage for such
Collection Period (Non-Principal Collection):" 0.175540263
"2a, Floating Allocation Percentage for such
Collection Period (Principal Collection):" 0.471249027
"3, Principal Allocation Percentage for such
Collection Period:" 0.471249027
4. Amount of interest paid or distributed:
(a) Class A Certificates: 265314.8438
4.228125 "per $1,000 original"
principal amount of Class A
Certificates
(b) Class B Certificates: 101833.3333
4.333333333 "per $1,000 original"
principal amount of Class B
Certificates
5. Investor Default Amount for such Distribution Date: -8323.23
"6. Required Subordination Draw Amount, if any,"
for the preceding Collection Period (or for such Distribution Date): 0
7. Amount of:
(a) Investor Charge-Offs for the preceding Collection Period: 0
(b) Reimbursements of Investor Charge-Offs for the 0
preceding Collection Period:
8. Amount of Class A Carryover Amount being paid or distributed
(if any) and amount remaining (if any):
(a) Distributed: 0
0 "per $1,000 original"
principal amount of Class A
Certificates
(b) Balance: 0
0 "per $1,000 original"
principal amount of Class A
Certificates
9. Amount of Class B Carryover Amount being paid or distributed
(if any) and amount remaining (if any):
(a) Distributed: 0
0 "per $1,000 original"
principal amount of Class B
Certificates
(b) Balance: 0
0 "per $1,000 original"
principal amount of Class B
Certificates
10. Pool Balance at end of related Collection Period 880475647.5
11. After giving affect to distributions on this Distribution Date:
(a) Outstanding principal amount of Class A Certificates: 0
(b) Outstanding principal amount of Class B Certificates: 23500000
(c) Certificate Balance: 23500000
(d) Pool Factor for Class A Certificates: 0
(e) Pool Factor for Class B Certificates: 1
12. Applicable Interest Rate:
(a) In general:
(1) LIBOR for the period from the previous
Distribution Date to this Distribution Date: 0.054375
(2) Net Receivables Rate 0.096502609
(b) Class A Rate: 0.056375
(c) Class B Rate: 0.052
13. (a) Amount of Monthly Servicing Fee for the
preceding Collection Period
248333.33
1.67 "per $1,000 original"
principal amount of Certificates
(b) Excess Servicing Fee being distributed and remaining balance (if any):
(1) Distributed: -408677.9226
8.79 "per $1,000 original"
principal amount of Certificates
(2) Balance: 0
0 "per $1,000 original"
principal amount of Certificates
14. Invested Amount on this Distribution Date
(after giving effect to all distributions
which will occur on such Distribution Date): 23500000
15. The Available Subordinated Amount
On the immediately preceding Distribution Date: 32758521.83
On this Distribution Date: 32758521.83
16. The Incremental Subordinated Amount on the immediately
preceding Determination Date
0
17. The Reserve Fund Balance for this Distribution Date: 176250
18. The Excess Funding Account Balance for this Distribution Date: 0
19. Amount in the Excess Funding Account at the
beginning of an Early Amortization
Period or Initial Amortization Period to be distributed as a payment
of principal in respect to:
(a) Class A Certificates:
(b) Class B Certificates (only if Class A Certificates
have been paid in full):
20. The Collection Account balance with respect to
this Distribution Date: 92746290.8
21. An Early Amortization Event has occurred: No
22. The Servicer has elected not to extend
the Initial Principal Payment Date: No
23. The ratio (expressed as a percentage) of (x) the average for each month
of the net losses on the Receivables in the Pool during any 3 consecutive
calendar months to (y) the average of the month-end Pool Balances for
such three-month period is: 0.000476738
24. Three-Month Payment Rate for the three (3) consecutive Collection Periods
included in the period from Novemeber 1997 to January 1997
Three month Payment Rate:
December: 0.170265541
January: 0.133934124
February 0.164836933
Three month Average Payment Rate: 0.156345533
A Three-Month Payment Rate Trigger has occurred: No
25. Portfolio Yield : 0.116502609
26. Inventory Aging as of the end of the Collection Period:
0-120 days 0.5759
120-180 days 0.1712
180-270 days 0.1167
Over 270 0.1362
27. Optional removal of Receivables aged greater than 450 days 0
28. Eligible Investments on deposit in the Excess
Funding Account and amounts on deposit
in the Excess Funding Accounts for all other
Series on the Distribution Date as a percentage
of the assets of the Trust: 0
Has an asset composition Event Occurred: No
29. Cumulative amount of 491 Day Aged Receivables made
Ineligible during Collection Period: 7634977.44
Cumulative amount of 491 Day Aged Receivables made
Ineligible from Closing Date to
" current Collection Period (pre June 1, 1998) or
during current Origination Period "
" (post May 31, 1998):"
Put Limit: 80908551.64
Has an Early Amortization Event Occurred: No
30. Principal Amount of Receivables subject to a Participation Interest
at end of Collection Period: 0
31. Product Line Breakdown
Bombardier: 0.4622
Marine: 0.3061
Recreational Vehicles: 0.0546
CEA: 0.0437
Manufactured Housing: 0.1109
Other: 0.0225
Total: 1
32. Overconcentration Amounts:
Designated Manufacturer Concentration:
Concentration: 0
Industry Overconcentrations: 0
Dealer Overconcentrations: 20445365.81
Manufacturer Overconcentrations: 0
Total Overconcentration Amounts: 20445365.81
33. Total Investor Default Amount allocable
to 1994-1 for Collection Period: -8323.23
34. Total Investor Default Amount at end of
Collection Period relating to non payment
of at least $150 of interest due more than 90 days:
35. Amount of Receivable purchased by the
trust at a discount during Collection Period: 0
36. Has an automatic Addition of Accounts Occurred: No
37. Pool data on Receivables added as Automatic Account Additions None
Prepared by: James Dolan
Director of Treasury
