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
March 15, 1999
(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
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 02/28/99.
Ex-2 Distribution Date Statement for Collection Period
ending 02/28/99.
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: March 24, 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 ENDING 02/28/99
<TABLE>
1. CALCULATION OF POOL BALANCE
<S> <C>
TOTAL "OFFICE" RECEIVABLES 4,449,099,196.31
LESS INELIGIBLE ACCOUNTS
BANKRUPT/CHARGED OFF A/C'S 0.00
NEW ACCOUNT ADDITIONS FP (777,456,925.41)
NEW ACCOUNT ADDITIONS A/R (150,542,999.59)
TOTAL "TRUST" RECEIVABLES 3,521,099,271.31
LESS INELIGIBLE RECEIVABLES
SAU/NSF 0-30 IN EXCESS
OF .75% OF TRUST REC. 0.00
TOTAL POOL RECEIVABLES 3,521,099,271.31
TOTAL TRUST RECEIVABLES-DELINQUENCY
NSF 0-30 10,866.00
SAU 0-30 13,364,679.60
TOTAL 13,375,545.60
.75% OF TRUST REC. 26,408,244.53
AMOUNT IN EXCESS 0.00
NSF 30+ 14,625.00
SAU 30+ 2,353,013.85
2. CONCEN. COMPLIANCE
POOL BALANCE 3,507,014,874.22
<CAPTION>
CONCENTRATION ACTUAL EXCESS
LIMITS AMOUNT AMOUNT
<S> <C> <C> <C> <C>
A/R RECEIVABLES 20% 701,402,974.84 215,738,814.72 0.00
ASSET BASED RECEIVABLES 15% 526,052,231.13 386,569,351.95 0.00
DLR. CONCEN. 1996-1 TOP 15 3% 105,210,446.23 60,163,534.00 0.00
DLR. CONCEN. 1996-1 OTHERS 2% 70,140,297.48 24,732,851.80 0.00
MFG. CONCEN. 15% 526,052,231.13 225,375,310.28 0.00
PRODUCT LINE CONCEN.
CE 25% 876,753,718.56 9,913,174.77 0.00
MIS 40% 1,402,805,949.69 479,650,116.81 0.00
MTR 25% 876,753,718.56 264,290,831.13 0.00
MAR 25% 876,753,718.56 591,078,526.30 0.00
MH 25% 876,753,718.56 395,649,573.16 0.00
RV 25% 876,753,718.56 481,444,248.65 0.00
MUS 25% 876,753,718.56 114,360,040.16 0.00
IND/AG 25% 876,753,718.56 377,435,342.21 0.00
A/R 25% 876,753,718.56 602,308,166.67 0.00
SNO 25% 876,753,718.56 102,259,845.10 0.00
OTHER 25% 876,753,718.56 102,709,406.36 0.00
UNSECURED RECEIVABLES OVER CONCEN.
(without duplication)
UNSECURED CONCEN. 67,502,690.01
LESS: UNSECRURED DEALER CONCEN. (22,797,899.35)
NET UNSECURED DEALER CONCEN 3% 105,210,446.23 44,704,790.66 0.00
UNSECURED DEALER CONCEN. 0.50% 17,535,074.37 22,797,899.35 5,262,824.98
TOTAL OVER CONCENTRATION 5,262,824.98
DELAYED FUNDING RECEIVABLES 265,428,037.33
<CAPTION>
THREE
CHARGE OFFS TO RECEIVABLES DEC JAN FEB MO. AVE.
(ANNUALIZED)
<S> <C> <C> <C> <C>
1.32% 0.02% 0.54% 0.63%
PAYMENT RATE 38.66% 31.18% 32.16% 34.00%
NET RECEIVABLE RATE
INTEREST 7.80%
DISCOUNT 1.54%
TOTAL 9.34%
LESS SERVICING -2.00%
REMAINING 7.34%
</TABLE>
DISTRIBUTION DATE STATEMENT
REPORT DATE 02/28/99
COLLECTION PERIOD 2/1/99 - 2/28/99
DISTRIBUTION DATE 03/15/99
<TABLE>
<CAPTION>
TOTAL TRUST SERIES 1994-1 SERIES 1996-1(A) SERIES 1996-1(B)SERIES 1996-1(C)
<S> <C> <C> <C> <C> <C>
INVESTED AMOUNT 1,058,203,000.00 0.00 1,000,000,000.00 31,747,000.00 26,456,000.00
ALLOCATION PERCENTAGE 0.00% 94.50% 3.00% 2.50%
EXCESS FUNDING ACCOUNT BALANCE 0.00 0.00 0.00 0.00 0.00
OUTSTANDING PRIN. BALANCE OF CERTIFICATES 1,058,203,000.00 0.00 1,000,000,000.00 31,747,000.00 26,456,000.00
SUBORDINATION 0.0000% 0.00% 0.00% 0.00%
SUBORDINATED AMOUNT 0.00 0.00 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 1,650,663.27 0.00 1,559,873.93 49,521.32 41,268.02
BEGINNING OF MO. PRIN. RECEIVABLES 3,387,428,134.03
DISCOUNT RATE 0.40%
BEGINNING OF MO. POOL BALANCE 3,373,878,421.49
POOL FACTOR 100.00% 0.00% 100.00% 100.00% 100.00%
PRIN. ALLOCATION PERCENTAGE 31.36% 0.00% 29.64% 0.94% 0.78%
FLOATING ALLOCATION PERCENTAGE 31.36% 0.00% 29.64% 0.94% 0.78%
SELLER'S PERCENTAGE 68.64% 0.00% 70.36% 99.06% 99.22%
EXCESS SELLER'S PERCENTAGE 68.59% 0.00% 70.31% 99.06% 99.21%
PRIN. COLLECTIONS 1,089,522,455.86
NON-PRIN. COLLECTIONS 23,820,827.59
TOTAL COLLECTIONS 1,113,343,283.45
COLLECTION ACCOUNT BALANCE 2/1/99 0.00 0.00 0.00 0.00 0.00
PRINCIPAL FUNDING ACCOUNT BALANCE 2/1 388,056,185.86 388,056,185.86 0.00 0.00 0.00
INTEREST FUNDING ACCOUNT BALANCE 2/1 0.00 0.00 0.00 0.00
DEPOSITS
INV. NON-PRIN. COLLECTIONS 2 9,454,810.28 4,622,222.22 4,546,808.89 149,850.36 135,928.81
INVESTOR PRIN. COLLECTIONS 2/ 315,340,353.01 315,340,353.01 0.00 0.00 0.00
EXCESS AMOUNT 2/12 1,541,612.06 $1,541,612.06 0.00 0.00 0.00
EXCESS AMOUNT 2/16 355,846.55 355,846.55
INVESTOR INTEREST 2/17 42,842.72 42,842.72
INVESTOR PRINCIPAL 2/17 296,603,461.13 296,603,461.13
DISBURSEMENTS
INTEREST AMOUNT 2/16 (4,622,222.22) ($4,622,222.22) 0.00 0.00 0.00
PRINCIPAL AMOUNT 2/16 (315,340,353.01) (315,340,353.01) 0.00 0.00 0.00
EXCESS AMOUNT 2/16 (1,541,612.06) (1,541,612.06) 0.00 0.00 0.00
EXCESS AMOUNT 2/16 (355,846.55) (355,846.55)
PRINCIPAL AMOUNT 2/17 (42,842.72) (42,842.72)
PRINCIPAL FUNDING ACCOUNT BALANCE 2/28 0.00 0.00 0.00 0.00 0.00
INTEREST FUNDING ACCOUNT BALANCE 2/28 4,832,588.06 0.00 4,546,808.89 149,850.36 135,928.81
INTEREST TO BE FUNDED 3/12 4,077,496.17 0.00 3,836,370.00 126,436.24 114,689.93
DISBURSEMENTS 3/15 0.00 0.00
CONTROLLED DISBURSEMENT AMOUNT N/A
RESERVE FUND BALANCE 21,164,060.00 0.00 20,000,000.00 634,940.00 529,120.00
PRINCIPAL FUNDING A/C 0.00 0.00 0.00 0.00 0.00
INTEREST FUNDING ACCOUNT 0.00 0.00 0.00 0.00 0.00
SERVICING FEE 1,763,671.67 0.00 1,666,666.67 52,911.67 44,093.33
DEFAULTED RECEIVABLES 1,467,478.91
INVESTOR DEFAULT AMOUNT 460,268.69
DRAW AMOUNT - PREC. COLLECTION PERIOD 0.00
INVESTOR CHARGE OFFS 0.00
AMOUNT OF REIMBURSEMENT 0.00
END OF MO. PRIN. RECEIVABLES 3,521,099,271.31
DISCOUNT RATE 0.40%
END OF MO. POOL BALANCE 3,507,014,874.22
INVESTORS COUPON RATE 5.20000% 5.11516% 5.31016% 5.78016%
</TABLE>
