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
June 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 June 30, 1999.
Ex-2 Distribution Date Statement for Collection Period
ending June 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: June 21, 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 06/30/99
<TABLE>
1. CALCULATION OF POOL BALANCE
<S> <C>
TOTAL "OFFICE" RECEIVABLES 4,705,240,100.11
LESS INELIGIBLE ACCOUNTS
BANKRUPT/CHARGED OFF A/C'S 0.00
NEW ACCOUNT ADDITIONS FP (1,214,888,783.77)
NEW ACCOUNT ADDITIONS A/R (69,426,288.95)
TOTAL "TRUST" RECEIVABLES 3,420,925,027.39
LESS INELIGIBLE RECEIVABLES
SAU/NSF 0-30 IN EXCESS
OF .75% OF TRUST REC. 0.00
TOTAL POOL RECEIVABLES 3,420,925,027.39
TOTAL TRUST RECEIVABLES-DELINQUENCY
NSF 0-30 14,652.07
SAU 0-30 20,314,568.51
TOTAL 20,329,220.58
.75% OF TRUST REC. 25,656,937.71
AMOUNT IN EXCESS 0.00
NSF 30+ 8,418.95
SAU 30+ 3,296,184.57
2. CONCEN. COMPLIANCE
POOL BALANCE 3,407,241,327.28
<CAPTION>
CONCENTRATION ACTUAL EXCESS
LIMITS AMOUNT AMOUNT
<S> <C> <C> <C> <C>
A/R RECEIVABLES 20% 681,448,265.46 144,709,427. 0.00
ASSET BASED RECEIVABLES 15% 511,086,199.09 494,906,856. 0.00
DLR. CONCEN. 1996-1 TOP 1 3% 102,217,239.82 65,766,347.4 0.00
DLR. CONCEN. 1996-1 OTHER 2% 68,144,826.55 28,544,551.5 0.00
MFG. CONCEN. 15% 511,086,199.09 192,724,989. 0.00
PRODUCT LINE CONCEN.
CE 25% 851,810,331.82 13,531,868.2 0.00
MIS 40% 1,362,896,530.91 565,008,283. 0.00
MTR 25% 851,810,331.82 196,847,006. 0.00
MAR 25% 851,810,331.82 379,487,149. 0.00
MH 25% 851,810,331.82 354,567,259. 0.00
RV 25% 851,810,331.82 456,746,124. 0.00
MUS 25% 851,810,331.82 113,850,372. 0.00
IND/AG 25% 851,810,331.82 445,179,662. 0.00
A/R 25% 851,810,331.82 639,616,284. 0.00
SNO 25% 851,810,331.82 118,704,063. 0.00
OTHER 25% 851,810,331.82 137,386,954. 0.00
UNSECURED RECEIVABLES OVER CONCEN.
(without duplication)
UNSECURED CONCEN. 152,474,778.70
LESS: UNSECURED DEALER CONCEN. (58,393,793.70)
NET UNSECURED DEALER CONC 3% 102,217,239.82 94,080,985.0 0.00
UNSECURED DEALER CONCEN. 0.50% 17,036,206.64 58,393,793.741,357,587.06
TOTAL OVER CONCENTRATION 41,357,587.06
DELAYED FUNDING RECEIVABLES 224,840,521.85
<CAPTION>
THREE
CHARGE OFFS TO RECEIVABLE APR MAY JUNE MO. AVE.
(ANNUALIZED)
<S> <C> <C> <C> <C>
3.39% 1.64% 0.33% 1.79%
PAYMENT RATE 37.26% 35.39% 40.70% 37.78%
NET RECEIVABLE RATE
INTEREST 7.25%
DISCOUNT 1.95%
TOTAL 9.20%
LESS SERVICING -2.00%
REMAINING 7.20%
</TABLE>
DISTRIBUTION DATE STATEMENT
REPORT DATE 06/30/99
COLLECTION PERIOD 6/1/1999 -6/30/1999
DISTRIBUTION DATE 07/15/99
<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 2,558,203,000.00 1,500,000,000.00 1,000,000,000.00 31,747,000.00 26,456,000.00
ALLOCATION PERCENTAGE 58.63% 39.09% 1.24% 1.04%
EXCESS FUNDING ACCOUNT BALANCE 0.00 0.00 0.00 0.00 0.00
OUTSTANDING PRIN. BALANCE OF CERTIFICATES 2,558,203,000.00 1,500,000,000.00 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 37,500,000.00 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 12,836,057.30 0.00 12,130,051.89 385,092.76 320,912.65
BEGINNING OF MO. PRIN. RECEIVABLES 3,423,207,269.20
DISCOUNT RATE 0.40%
BEGINNING OF MO. POOL BALANCE 3,409,514,440.12
POOL FACTOR 100.00% 100.00% 100.00% 100.00% 100.00%
PRIN. ALLOCATION PERCENTAGE 75.03% 43.99% 29.33% 0.93% 0.78%
FLOATING ALLOCATION PERCENTAGE 75.03% 43.99% 29.33% 0.93% 0.78%
SELLER'S PERCENTAGE 24.97%
EXCESS SELLER'S PERCENTAGE 24.59%
PRIN. COLLECTIONS 1,393,309,906.65
NON-PRIN. COLLECTIONS 26,191,790.10
TOTAL COLLECTIONS 1,419,501,696.75
COMMITMENT FEE 0.00 0.00
COLLECTION ACCOUNT BALANCE 6/1/1999 4,804,218.81 0.00 4,520,000.00 148,999.25 135,219.56
DEPOSITS 06/14/99
INV. NON-PRIN. COLLECTIONS 4,353,823.30 0.00 4,096,250.00 135,030.58 122,542.72
OTHER-INVESTMENT EARNINGS 123,815.25 0.00 123,815.25 0.00 0.00
DISBURSEMENTS 06/15/99
INTEREST AMOUNT 0.00 $0.00 $0.00 $0.00
SERVICING FEE 0.00 0.00 0.00 0.00 0.00
EXCESS AMOUNT (123,815.25) 0.00 (123,815.25) 0.00 0.00
COLLECTION ACCOUNT BALANCE 6/30/99 9,158,042.11 0.00 8,616,250.00 284,029.83 257,762.28
PRINCIPAL ACCOUNT BALANCE 06/01/99 0.00 0.00 0.00 0.00 0.00
DEPOSITS 06/14/99
INV. PRINCIPAL COLLECTIONS 0.00 0.00 0.00 0.00 0.00
OTHER-INVESTMENT EARNINGS 0.00 0.00 0.00 0.00 0.00
DISBURSEMENTS 06/15/99
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 06/30/99 0.00 0.00 0.00 0.00 0.00
INVESTOR INTEREST TO BE FUNDED 07/14/99 5,199,016.11 695,060.98 4,237,500.00 139,686.80 126,768.33
DISBURSEMENTS 07/15/99
INTEREST AMOUNT 14,357,058.22 695,060.98 12,853,750.00 423,716.63 384,530.61
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 14,357,058.22 695,060.98 12,853,750.00 423,716.63 384,530.61
CONTROLLED DISBURSEMENT AMOUNT N/A
RESERVE FUND REQUIRED AMOUNT 30,000,000.00
RESERVE FUND WITHDRAWAL 7/15/99 0.00
RESERVE FUND BALANCE 7/15/99 51,164,060.00 30,000,000.00 20,000,000.00 634,940.00 529,120.00
PRINCIPAL COLLECTIONS DEPOSITED 7/14/99 264,550,750.00 0.00 250,000,000.00 7,936,750.00 6,614,000.00
PRINCIPAL FUNDING ACCOUNT 7/15/99 264,550,750.00 0.00 250,000,000.00 7,936,750.00 6,614,000.00
INTEREST FUNDING ACCOUNT 7/15/99 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 935,529.95
INVESTOR DEFAULT AMOUNT 701,940.28
DRAW AMOUNT - PREC. COLLECTION PERIOD 0.00
INVESTOR CHARGE OFFS 0.00
AMOUNT OF REIMBURSEMENT 0.00
END OF MO. PRIN. RECEIVABLES 3,420,925,027.39
DISCOUNT RATE 0.40%
END OF MO. POOL BALANCE 3,407,241,327.28
INVESTORS COUPON RATE 5.20000% 5.11516% 5.31016% 5.78016%
</TABLE>
