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Previous: TRIQUINT SEMICONDUCTOR INC, DEFS14A, 1999-12-22 |
Next: INDEPENDENT COMMUNITY BANKSHARES INC, S-8, 1999-12-22 |
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
December 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 November 30, 1999.
Ex-2 Distribution Date Statement for Collection Period
ending November 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: December 20, 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 11/30/1999
<TABLE>
1. CALCULATION OF POOL BALANCE
<S> <C>
TOTAL "OFFICE" RECEIVABLES 4,892,176,390.72
LESS INELIGIBLE ACCOUNTS
BANKRUPT/CHARGED OFF A/C'S 0.00
NEW ACCOUNT ADDITIONS FP (1,166,489,480.19)
NEW ACCOUNT ADDITIONS A/R (103,698,315.84)
TOTAL "TRUST" RECEIVABLES 3,621,988,594.69
LESS INELIGIBLE RECEIVABLES
1). SAU/NSF 0-30 IN EXCESS
OF .75% OF TRUST REC. 0.00
2). NSF 30+ (53,753.29)
3). SAU 30+ (2,168,372.00)
TOTAL POOL RECEIVABLES 3,619,766,469.40
TOTAL TRUST RECEIVABLES-DELINQUENCY
NSF 0-30 84,701.66
SAU 0-30 13,289,218.08
TOTAL 13,373,919.74
.75% OF TRUST REC. 27,164,914.46
AMOUNT IN EXCESS 0.00
NSF 30+ 53,753.29
SAU 30+ 2,168,372.00
2,222,125.29
2. CONCEN. COMPLIANCE
POOL BALANC 3,605,287,403.52
<CAPTION>
CONCENTRATION ACTUAL EXCESS
LIMITS AMOUNT AMOUNT
<S> <C> <C> <C> <C>
A/R RECEIVABLES 20% 721,057,480.70 177,288,469.86 0.00
ASSET BASED RECEIVABLES 15% 540,793,110.53 435,859,020.64 0.00
DLR. CONCEN. 1996-1 TOP 15 3% 108,158,622.11 69,594,655.76 0.00
DLR. CONCEN. 1996-1 OTHERS 2% 72,105,748.07 25,691,326.20 0.00
MFG. CONCEN. 15% 540,793,110.53 179,266,397.73 0.00
PRODUCT LINE CONCEN.
CE 25% 901,321,850.88 16,537,718.09 0.00
MIS 40% 1,442,114,961.41 472,729,965.62 0.00
MTR 25% 901,321,850.88 219,269,023.85 0.00
MAR 25% 901,321,850.88 528,566,439.74 0.00
MH 25% 901,321,850.88 396,602,000.08 0.00
RV 25% 901,321,850.88 492,400,285.65 0.00
MUS 25% 901,321,850.88 129,113,609.47 0.00
IND/AG 25% 901,321,850.88 463,191,469.02 0.00
A/R 25% 901,321,850.88 613,147,490.50 0.00
SNO 25% 901,321,850.88 172,650,781.35 0.00
OTHER 25% 901,321,850.88 117,779,811.34 0.00
UNSECURED RECEIVABLES OVER CONCEN.
(without duplication)
UNSECURED CONCEN. 0.00
LESS: UNSECURED DEALER CONCEN. 0.00
NET UNSECURED DEALER CONCEN 3% 108,158,622.11 0.00 0.00
UNSECURED DEALER CONCEN. 0.50% 18,026,437.02 0.00 0.00
TOTAL OVER CONCENTRATION 0.00
DELAYED FUNDING RECEIVABLES 199,648,236.72
<CAPTION> THREE
CHARGE OFFS TO RECEIVABLES September October November MO. AVE.
(ANNUALIZED)
<S> <C> <C> <C> <C>
0.67% 0.25% 0.45% 0.46%
PAYMENT RATE 36.76% 34.15% 33.92% 34.94%
NET RECEIVABLE RATE
INTEREST 8.04%
DISCOUNT 1.63%
TOTAL 9.67%
LESS SERVICING -2.00%
REMAINING 7.67%
</TABLE>
DISTRIBUTION DATE STATEMENT
REPORT DATE 11/30/1999
COLLECTION PERIOD 11/1/1999 - 11/30/99
DISTRIBUTION DATE 11/15/1999
<TABLE>
<CAPTION>
TOTAL SERIES 1999-1 SERIES 1996-1
<S> <C> <C> <C>
INVESTED AMOUNT 2,999,347,875.80 2,999,347,875.80 0.00
ALLOCATION PERCENTAGE 100.00% 0.00%
EXCESS FUNDING ACCOUNT BALANCE 0.00 0.00 0.00
OUTSTANDING PRIN. BALANCE OF CERTIFICATES 2,999,347,875.80 2,999,347,875.80 0.00
SUBORDINATION 2.5000% 0.00%
SUBORDINATED AMOUNT 0.00 74,983,696.90 0.00
INCREMENTAL SUBORDINATED AMOUNT 0.00 0.00 0.00
REQUIRED SUBORDINATED DRAW AMOUNT 0.00 0.00 0.00
AVAILABLE SUBORDINATED AMOUNT 0.00 0.00 0.00
BEGINNING OF MO. PRIN. RECEIVABLES 3,584,180,345.10
DISCOUNT RATE 0.40%
BEGINNING OF MO. POOL BALANCE 3,569,843,623.72
POOL FACTOR 100.00% 100.00% 0.00%
PRIN. ALLOCATION PERCENTAGE 84.04% 84.04% 0.00%
FLOATING ALLOCATION PERCENTAGE 84.02% 84.02% 0.00%
SELLER'S PERCENTAGE 15.98%
EXCESS SELLER'S PERCENTAGE 13.88%
PRIN. COLLECTIONS 1,215,776,129.49
NON-PRIN. COLLECTIONS 28,068,124.79
TOTAL COLLECTIONS 1,243,844,254.28
COLLECTION ACCOUNT BALANCE 11/1/1999 0.00 0.00 0.00
DEPOSITS 11/1/99 - 11/30/99
INV. NON-PRIN. COLLECTIONS 6,447,901.67 6,447,901.67 0.00
COMMITMENT FEE 6,929.56 6,929.56 0.00
OTHER-INVESTMENT EARNINGS 158,721.96 108,037.06 50,684.90
DISBURSEMENTS 11/1/99 - 11/30/99
INTEREST/PROGRAM AMOUNT (6,447,901.67) (6,447,901.67) 0.00
COMMITMENT FEE (6,929.56) (6,929.56) 0.00
SERVICING FEE 0.00 0.00 0.00
EXCESS AMOUNT (158,721.96) (108,037.06) (50,684.90)
COLLECTION ACCOUNT BALANCE 11/30/99 (0.00) (0.00) 0.00
PRINCIPAL ACCOUNT BALANCE 11/01/1999 0.00 0.00 0.00
DEPOSITS 11/1/99 - 11/30/99
INV. PRINCIPAL COLLECTIONS 761,223,613.09 761,223,613.09 0.00
OTHER-INVESTMENT EARNINGS 0.00 0.00 0.00
DISBURSEMENTS 11/1/99 - 11/30/99
PRINCIPAL AMOUNT (761,223,613.09) (761,223,613.09) 0.00
EXCESS AMOUNT 0.00 0.00 0.00
PRINCIPAL ACCOUNT BALANCE 11/30/1999 0.00 0.00 0.00
DISBURSEMENTS
INTEREST/PROGRAM AMOUNT November 6,447,901.67 6,447,901.67 0.00
COMMITMENT FEE November 6,929.56 6,929.56 0.00
CONTROLLED DISBURSEMENT AMOUNT N/A
RESERVE FUND BALANCE 12/01/1999 60,000,000.00 60,000,000.00
RESERVE FUND REQUIRED AMOUNT 12/14/1999 60,000,000.00 60,000,000.00
RESERVE FUND DEPOSIT 12/14/1999 0.00 0.00
RESERVE FUND WITHDRAWAL 12/15/1999 0.00 0.00
RESERVE FUND BALANCE 12/15/1999 60,000,000.00 60,000,000.00 0.00
PRINCIPAL COLLECTIONS DEPOSITED 12/14/1999 0.00 0.00 0.00
PRINCIPAL FUNDING ACCOUNT 12/15/1999 0.00 0.00 0.00
INTEREST FUNDING ACCOUNT 12/15/1999 0.00 0.00 0.00
SERVICING FEE 4,998,913.13 4,998,913.13 0.00
DEFAULTED RECEIVABLES 1,353,227.18
INVESTOR DEFAULT AMOUNT 1,136,968.31 1,136,968.31
DRAW AMOUNT - PREC. COLLECTION PERIOD 0.00
INVESTOR CHARGE OFFS 0.00
AMOUNT OF REIMBURSEMENT 0.00
EXCESS SERVICING 11,150,574.62 11,150,574.62
END OF MO. PRIN. RECEIVABLES 3,619,766,469.40
DISCOUNT RATE 0.40%
END OF MO. POOL BALANCE 3,605,287,403.52
INVESTORS COUPON RATE Varies 0.00000%
</TABLE>
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