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
October 15, 1996
Date of earliest event reported)
DEUTSCHE FLOORPLAN RECEIVABLES, L.P.
Exact name of registrant as specified in its amended charter
Delaware 33-70814 88-0310100
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
655 Maryville Centre Drive, St. Louis, Missouri 63141-5832
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (314) 523-3000
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Item 5. Other Events.
Copy of Distribution Date Statement for the September 1996 Collection Period
with respect to the Series 1994-1 Certificates issued by Deutsche Floorplan
Receivables Master Trust.
SIGNATURES
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 hereunto duly authorized.
DEUTSCHE FLOORPLAN RECEIVABLES, L.P.
(Registrant)
By: Deutsche Floorplan Receivables, Inc.
General Partner
Date: October 25, 1996
By: /s/ Richard H. Schumacher
Name: Richard H. Schumacher
Title: President and Treasurer
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DFS FLOORPLAN RECEIVABLES L.P.
COMPLIANCE/STATISTICAL REPORTING
PERIOD ENDING 09/30/96
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<CAPTION>
1. CALCULATION OF POOL BALANCE
<S> <C>
TOTAL "OFFICE" RECEIVABLES 3,235,933,350.30
LESS INELIGIBLE ACCOUNTS
BANKRUPT/CHARGED OFF A/C'S 0.00
NEW ACCOUNT ADDITIONS FP (811,978,593.85)
NEW ACCOUNT ADDITIONS A/R (236,095,243.54)
TOTAL "TRUST" RECEIVABLES 2,187,859,512.91
LESS INELIGIBLE RECEIVABLES
SAU/NSF 0-30 IN EXCESS
OF .75% OF TRUST REC. 0.00
TOTAL POOL RECEIVABLES 2,187,859,512.91
TOTAL TRUST RECEIVABLES-DELINQUENCY
NSF 0-30 120,741.87
SAU 0-30 7,570,737.99
TOTAL 7,691,479.86
.75% OF TRUST REC. 16,408,946.35
AMOUNT IN EXCESS 0.00
NSF 30+ 15,500.44
SAU 30+ 1,306,265.47
2. CONCENTRATION COMPLIANCE
POOL BALANCE 2,187,859,512.91
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<TABLE>
<CAPTION>
CONCENTRATION ACTUAL EXCESS
LIMITS AMOUNT AMOUNT
<S> <C> <C> <C> <C>
A/R RECEIVABLES 20% 437,571,902.58 229,507,783.03 0.00
ASSET BASED RECEIVABLES 15% 328,178,926.94 70,519,267.80 0.00
DEALER CONCENTRATION 3% 65,635,785.39 115,440,352.00 49,804,566.61
MFG CONCENTRATION 15% 328,178,926.94 151,681,616.18 0.00
PRODUCT LINE CONCENTRATION
CE 25% 546,964,878.23 73,149,495.23 0.00
MIS 40% 875,143,805.16 581,771,707.42 0.00
MTR 25% 546,964,878.23 19,473,740.12 0.00
MAR 25% 546,964,878.23 226,643,671.94 0.00
MH 25% 546,964,878.23 361,859,254.28 0.00
RV 25% 546,964,878.23 286,830,852.50 0.00
MUS 25% 546,964,878.23 68,858,484.99 0.00
IND/AG 25% 546,964,878.23 96,716,721.43 0.00
A/R 25% 546,964,878.23 300,027,050.83 0.00
SNO 25% 546,964,878.23 107,902,811.84 0.00
OTHER 25% 546,964,878.23 64,625,722.33 0.00
UNSECURED RECEIVABLES OVER CONCEN.
(without duplication)
UNSECURED CONCEN. 79,358,188.94
LESS: UNSECRURED DEALER CONCEN. (30,517,437.24)
NET UNSECURED DEALER CONCEN 3% 65,635,785.39 48,840,751.70
UNSECURED DEALER CONCEN. 0.50% 10,939,297.56 30,801,971.41 19,862,673.85
TOTAL OVER CONCENTRATION 69,667,240.46
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
DELAYED FUNDING RECEIVABLES 270,512,221.09
THREE
CHARGE OFFS TO RECEIVABLES JULY AUGUST SEPTEMBER MO. AVE.
(ANNUALIZED)
0.50% 0.21% 0.63% 0.45%
PAYMENT RATE 53.67% 50.67% 50.20% 51.51%
NET RECEIVABLE RATE
INTEREST 7.99%
DISCOUNT 2.41%
TOTAL 10.40%
LESS SERVICING -2.00%
REMAINING 8.40%
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DFS FLOORPLAN RECEIVABLES L.P.
DISTRIBUTION DATE STATEMENT
REPORT DATE 09/30/96
COLLECTION PERIOD 9/1/96 - 9/30/96
DISTRIBUTION DATE 10/15/96
<TABLE>
<CAPTION>
SERIES 1994-1
<S> <C>
INVESTED AMOUNT 1,000,000,000.00
SERIES 1994-1 ALLOCATION PERCENTAGE 100.00%
EXCESS FUNDING ACCOUNT BALANCE 0.00
OUTSTANDING PRINCIPAL BALANCE OF CERTIFICATES 1,000,000,000.00
SUBORDINATION 9.8901%
SUBORDINATED AMOUNT 98,901,098.90
INCREMENTAL SUBORDINATED AMOUNT 37,570,948.42
REQUIRED SUBORDINATED AMOUNT 136,472,047.32
REQUIRED SUBORDINATED DRAW AMOUNT 0.00
AVAILABLE SUBORDINATED AMOUNT 136,472,047.32
BEGINNING OF MONTH PRINCIPAL RECEIVABLES 2,045,859,095.94
DISCOUNT RATE 0.40%
BEGINNING OF MONTH POOL BALANCE 2,037,675,659.56
POOL FACTOR 1.00000000000
PRINCIPAL ALLOCATION PERCENTAGE 49.08%
FLOATING ALLOCATION PERCENTAGE 49.08%
SELLER'S PERCENTAGE 50.92%
EXCESS SELLER'S PERCENTAGE 44.23%
PRINCIPAL COLLECTIONS 1,027,085,789.32
NON-PRINCIPAL COLLECTIONS 17,164,840.41
TOTAL COLLECTIONS 1,044,250,629.73
COLLECTION ACCOUNT BALANCE 9/1/96 4,997,226.67
DEPOSITS 9/1 - 9/30
INVESTOR NON-PRINCIPAL COLLECTIONS 4,594,816.39
INVESTOR PRINCIPAL COLLECTIONS 0.00
OTHER-INVESTMENT EARNINGS 32,201.55
DISBURSEMENTS 09/16/96
PRINCIPAL AMOUNT 0.00
INTEREST AMOUNT (4,997,226.67)
SERVICING FEE
EXCESS AMOUNT (32,201.55)
COLLECTION ACCOUNT BALANCE 9/30/96 4,594,816.39
SERVICE FEE 1,666,666.67
PRINCIPAL FUNDING ACCOUNT 0.00
INTEREST FUNDING ACCOUNT 0.00
DISBURSEMENTS 10/15/96
PRINCIPAL AMOUNT 0.00
INTEREST AMOUNT (4,594,816.39)
SERVICING FEE 0.00
EXCESS AMOUNT 0.00
TOTAL DISTRIBUTIONS (4,594,816.39)
CONTROLLED DISBURSEMENT AMOUNT N/A
RESERVE FUND BALANCE 2,500,000.00
DEFAULTED RECEIVABLES 1,131,082.32
INVESTOR DEFAULT AMOUNT 555,084.57
DRAW AMOUNT - PRECEDING COLLECTION PERIOD 0.00
INVESTOR CHARGE OFFS 0.00
AMOUNT OF REIMBURSEMENT 0.00
END OF MONTH PRINCIPAL RECEIVABLES 2,187,859,512.91
DISCOUNT RATE 0.40%
END OF MONTH POOL BALANCE 2,179,108,074.86
INVESTORS COUPON RATE 5.70391%
</TABLE>
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