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, 1999
(Date of earliest event reported)
DEUTSCHE FLOORPLAN RECEIVABLES, L.P.
(Exact name of registrant as specified in its amended charter)
Delaware 333-10943 88-0355652
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) identification No.)
655 Maryville Centre Drive
St. Louis, Missouri 63141
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 523-3000
Item 5. Other Events.
Copies of the monthly Certificateholders' Statements are being filed as
Exhibits 1 and 2 to this Current Report on Form 8-K.
Item 7.(c). Exhibits.
Exhibit Description
Ex-1 Series 1994-1 and 1996-1 Compliance/Statistical
Reporting for period ending September 30, 1999.
Ex-2 Distribution Date Statement for Collection Period
ending September 30, 1999.
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 26, 1999
By: /s/ Richard H. Schumacher
Name: Richard H. Schumacher
Title: President and Treasurer
DFS FLOORPLAN RECEIVABLES L.P.
SERIES 1996-1
COMPLIANCE/STATISTICAL REPORTING
PERIOD END 09/30/99
<TABLE>
1. CALCULATION OF POOL BALANCE
<S> <C>
TOTAL "OFFICE" RECEIVABLES 4,680,693,370.34
LESS INELIGIBLE ACCOUNTS
BANKRUPT/CHARGED OFF A/C'S 0.00
NEW ACCOUNT ADDITIONS FP (935,342,959.99)
NEW ACCOUNT ADDITIONS A/R (57,369,207.64)
TOTAL "TRUST" RECEIVABLES 3,687,981,202.71
LESS INELIGIBLE RECEIVABLES
1). SAU/NSF 0-30 IN EXCESS
OF .75% OF TRUST REC. 0.00
2). NSF 30+ (5,586.99)
3). SAU 30+ (1,394,664.88)
TOTAL POOL RECEIVABLES 3,686,580,950.84
TOTAL TRUST RECEIVABLES-DELINQUENCY
NSF 0-30 180,603.86
SAU 0-30 18,588,868.29
TOTAL 18,769,472.15
.75% OF TRUST REC. 27,659,859.02
AMOUNT IN EXCESS 0.00
NSF 30+ 5,586.99
SAU 30+ 1,394,664.88
1,400,251.87
2. CONCEN. COMPLIANCE
POOL BALANC 3,671,834,627.04
<CAPTION>
CONCENTRATION ACTUAL EXCESS
LIMITS AMOUNT AMOUNT
<S> <C> <C> <C> <C>
A/R RECEIVABLES 20% 734,366,925.41 204,499,054.29 0.00
ASSET BASED RECEIVABLES 15% 550,775,194.06 437,873,497.59 0.00
DLR. CONCEN. 1996-1 TOP 1 3% 110,155,038.81 83,880,314.49 0.00
DLR. CONCEN. 1996-1 OTHER 2% 73,436,692.54 24,624,830.35 0.00
MFG. CONCEN. 15% 550,775,194.06 206,582,270.97 0.00
PRODUCT LINE CONCEN.
CE 25% 917,958,656.76 15,873,562.29 0.00
MIS 40% 1,468,733,850.82 534,334,153.36 0.00
MTR 25% 917,958,656.76 178,984,700.88 0.00
MAR 25% 917,958,656.76 439,078,914.12 0.00
MH 25% 917,958,656.76 445,295,058.71 0.00
RV 25% 917,958,656.76 493,077,246.17 0.00
MUS 25% 917,958,656.76 134,865,366.88 0.00
IND/AG 25% 917,958,656.76 474,456,422.19 0.00
A/R 25% 917,958,656.76 642,372,551.88 0.00
SNO 25% 917,958,656.76 209,905,121.55 0.00
OTHER 25% 917,958,656.76 119,738,104.68 0.00
UNSECURED RECEIVABLES OVER CONCEN.
(without duplication)
UNSECURED CONCEN. 0.00
LESS: UNSECURED DEALER CONCEN. 0.00
NET UNSECURED DEALER CONC 3% 110,155,038.81 0.00 0.00
UNSECURED DEALER CONCEN. 0.50% 18,359,173.14 0.00 0.00
TOTAL OVER CONCENTRATION 0.00
DELAYED FUNDING RECEIVABLES 254,656,747.80
<CAPTION>
Three
CHARGE OFFS TO RECEIVABLE July August September Mo. Avg.
(ANNUALIZED)
<S> <C> <C> <C> <C>
0.53% 0.27% 0.67% 0.49%
PAYMENT RATE 39.45% 39.63% 36.76% 38.61%
NET RECEIVABLE RATE
INTEREST 7.94%
DISCOUNT 1.76%
TOTAL 9.70%
LESS SERVICING -2.00%
REMAINING 7.70%
</TABLE>
DISTRIBUTION DATE STATEMENT
REPORT DATE 09/30/99
COLLECTION PERIOD 9/1/1999 -9/30/1999
DISTRIBUTION DATE 10/15/99
<TABLE>
<CAPTION>
TOTAL TRUST SERIES 1999-1 SERIES 1996-1(A) SERIES 1996-1(B)SERIES 1996-1(C)
<S> <C> <C> <C> <C> <C>
INVESTED AMOUNT 2,555,302,595.29 1,497,099,595.29 1,000,000,000.00 31,747,000.00 26,456,000.00
ALLOCATION PERCENTAGE 58.59% 39.13% 1.24% 1.04%
EXCESS FUNDING ACCOUNT BALANCE 0.00 0.00 0.00 0.00 0.00
OUTSTANDING PRIN. BALANCE OF CERTIFICATES 2,555,302,595.29 1,497,099,595.29 1,000,000,000.00 31,747,000.00 26,456,000.00
SUBORDINATION 2.5000% 0.00% 0.00% 0.00%
SUBORDINATED AMOUNT 0.00 37,427,489.88 0.00 0.00 0.00
INCREMENTAL SUBORDINATED AMOUNT 0.00 0.00 0.00 0.00 0.00
REQUIRED SUBORDINATED DRAW AMOUNT 0.00 0.00 0.00 0.00 0.00
AVAILABLE SUBORDINATED AMOUNT 0.00 0.00 0.00 0.00 0.00
BEGINNING OF MO. PRIN. RECEIVABLES 3,579,783,632.23
DISCOUNT RATE 0.40%
BEGINNING OF MO. POOL BALANCE 3,565,464,497.70
POOL FACTOR 100.00% 100.00% 100.00% 100.00% 100.00%
PRIN. ALLOCATION PERCENTAGE 71.67% 41.99% 28.05% 0.89% 0.74%
FLOATING ALLOCATION PERCENTAGE 71.67% 41.99% 28.05% 0.89% 0.74%
SELLER'S PERCENTAGE 28.33%
EXCESS SELLER'S PERCENTAGE 28.33%
PRIN. COLLECTIONS 1,315,758,763.14
NON-PRIN. COLLECTIONS 27,355,430.50
TOTAL COLLECTIONS 1,343,114,193.64
COMMITMENT FEE 29,797.36 29,797.36
COLLECTION ACCOUNT BALANCE 9/1/1999 5,095,812.53 0.00 4,795,555.56 157,747.32 142,509.65
DEPOSITS 09/14/99
INV. NON-PRIN. COLLECTIONS 10,709,298.41 5,931,974.17 4,495,833.33 147,888.11 133,602.80
OTHER-INVESTMENT EARNINGS 1,451,632.69 138,614.41 1,313,018.28 0.00 0.00
DISBURSEMENTS 09/15/99
INTEREST AMOUNT (5,931,974.17) (5,931,974.17) 0.00 0.00 0.00
SERVICING FEE 0.00 0.00 0.00 0.00 0.00
EXCESS AMOUNT (1,451,632.69) (138,614.41) (1,313,018.28) 0.00 0.00
COLLECTION ACCOUNT BALANCE 9/30/99 9,873,136.77 0.00 9,291,388.89 305,635.43 276,112.45
PRINCIPAL ACCOUNT BALANCE 09/01/99 529,101,500.00 0.00 500,000,000.00 15,873,500.00 13,228,000.00
DEPOSITS 09/14/99
INV. PRINCIPAL COLLECTIONS 264,550,750.00 0.00 250,000,000.00 7,936,750.00 6,614,000.00
OTHER-INVESTMENT EARNINGS 0.00 0.00 0.00 0.00 0.00
DISBURSEMENTS 09/15/99
PRINCIPAL AMOUNT 0.00 0.00 0.00 0.00 0.00
EXCESS AMOUNT 0.00 0.00 0.00 0.00 0.00
PRINCIPAL ACCOUNT BALANCE 09/30/99 793,652,250.00 0.00 750,000,000.00 23,810,250.00 19,842,000.00
INVESTOR INTEREST/PROGRAM
FEES TO BE FUNDED 10/14/99 10,743,331.04 5,966,006.80 4,495,833.33 147,888.11 133,602.80
DISBURSEMENTS 10/15/99
INTEREST AMOUNT 20,616,467.81 5,966,006.80 13,787,222.22 453,523.54 409,715.25
COMMITMENT FEE 29,797.36 29,797.36
SERVICING FEE 0.00 0.00 0.00 0.00 0.00
EXCESS AMOUNT 0.00 0.00 0.00 0.00 0.00
INV. PRINCIPAL COLLECTIONS 0.00 0.00 0.00 0.00 0.00
TOTAL DISTRIBUTIONS 20,646,265.17 5,995,804.16 13,787,222.22 453,523.54 409,715.25
CONTROLLED DISBURSEMENT AMOUNT N/A
RESERVE FUND BALANCE 10/01/99 25,066,898.37 25,066,898.37
RESERVE FUND REQUIRED AMOUNT 10/14/99 25,268,954.04 25,268,954.04
RESERVE FUND DEPOSIT 10/14/99 202,055.67 202,055.67
RESERVE FUND WITHDRAWAL 10/15/99 0.00 0.00
RESERVE FUND BALANCE 10/15/99 25,268,954.04 25,268,954.04 0.00 0.00 0.00
PRINCIPAL COLLECTIONS DEPOSITED 10/14/99 264,550,750.00 0.00 250,000,000.00 7,936,750.00 6,614,000.00
PRINCIPAL FUNDING ACCOUNT 10/15/99 0.00 0.00 0.00 0.00 0.00
INTEREST FUNDING ACCOUNT 10/15/99 0.00 0.00 0.00 0.00 0.00
SERVICING FEE 4,263,671.67 2,500,000.00 1,666,666.67 52,911.67 44,093.33
DEFAULTED RECEIVABLES 2,041,910.43
INVESTOR DEFAULT AMOUNT 1,463,399.52
DRAW AMOUNT - PREC. COLLECTION PERIOD 0.00
INVESTOR CHARGE OFFS 0.00
AMOUNT OF REIMBURSEMENT 0.00
END OF MO. PRIN. RECEIVABLES 3,686,580,950.84
DISCOUNT RATE 0.40%
END OF MO. POOL BALANCE 3,671,834,627.04
INVESTORS COUPON RATE Varies 5.39500% 5.59000% 6.06000%
</TABLE>
