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
January 15, 2000
(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 December 31, 1999.
Ex-2 Distribution Date Statement for Collection Period
ending December 31, 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: January 21, 2000
By: /s/ Richard H. Schumacher
Name: Richard H. Schumacher
Title: President and Treasurer
Deutsche Floorplan Receivables, L.P.
Distribution Financial Services Floorplan Master Trust
Compliance/Statistical Reporting
For the Period Ending 12/31/1999
<TABLE>
<S> <C>
Calculation Of Pool Balance
1 Total "Office" Receivables 4,585,485,198.87
2 Less Ineligible Accounts:
3 New Floorplan Account Additions (838,380,832.03)
4 New A/R Account Additions (91,165,813.53)
5 Total "Trust" Receivables 3,655,938,553.31
6 Less Ineligible Receivables:
7 SAU/NSF 0-30 in excess of
.75% of Trust Receivables 0.00
8 NSF 30+ (57,185.78)
9 SAU 30+ (1,501,430.44)
10 Total Pool Receivables 3,654,379,937.09
11 Discount Factor 0.40%
12 End of month Pool Balance 3,639,762,417.34
Total Trust Receivables-Delinquency
13 NSF 0-30 13,311.70
14 SAU 0-30 18,884,534.69
15 Total 18,897,846.39
16 Trust Receivables 3,655,938,553.31
17 .75 % of Trust Receivables 0.75%
18 Total 27,419,539.15
19 Amount in Excess 0.00
20 NSF 30+ 57,185.78
21 SAU 30+ 1,501,430.44
1,558,616.22
Overconcentrations
22 End of month Pool Balance 3,639,762,417.34
<CAPTION>
Limits Actual Excess
<S> <C> <C> <C> <C>
23 A/R Receivables 20% 727,952,483.47 161,286,389.65 0.00
24 Asset Based Receivables 15% 545,964,362.60 447,417,415.82 0.00
25 Dealer concentration 1999-1 top 15 3% 109,192,872.52 72,120,584.41 0.00
26 Dealer concentration 1999-1 Other 2% 72,795,248.35 24,785,814.80 0.00
27 Manufacturer Concentration 15% 545,964,362.60 194,559,502.98 0.00
28 Product Line Concentration:
29 CE & Appl 25% 909,940,604.34 18,710,349.28 0.00
30 MIS 40% 1,455,904,966.94 482,099,316.46 0.00
31 Motorcycle 25% 909,940,604.34 234,369,599.44 0.00
32 Marine 25% 909,940,604.34 582,376,041.66 0.00
33 Manufacturered Home 25% 909,940,604.34 384,246,122.33 0.00
34 RV 25% 909,940,604.34 525,615,388.77 0.00
35 Music 25% 909,940,604.34 125,720,843.05 0.00
36 Industrial Equipment 25% 909,940,604.34 432,596,436.09 0.00
37 A/R 25% 909,940,604.34 608,703,805.47 0.00
38 Snomobiles 25% 909,940,604.34 146,551,668.53 0.00
39 Other 25% 909,940,604.34 114,948,982.24 0.00
40 Delayed Funding Receivables 192,424,782.20
10/31/1999 11/30/1999 12/31/1999 Average
41 Charge Offs to Receivables
(Annualized) 0.25% 0.45% 0.65% 0.45%
42 Payment Rate 34.15% 33.92% 32.52% 33.53%
Net Receivable Rate
43 Interest 9.23%
44 Discount 1.56%
45 Total 10.79%
46 Less Servicing -2.00%
47 Remaining 8.79%
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Deutsche Floorplan Receivables, L.P.
Distribution Financial Services Floorplan Master Trust
Distribution Date Statement
Report Date 12/31/1999
Collection Period 12/01/1999 12/31/1999
Distribution Date 01/18/2000
<TABLE>
<CAPTION>
Total Series
Date Trust 1999-1
<S> <C> <C> <C>
Pool Balance
1 Beginning of month Principal Receivables 12/01/1999 3,619,766,469.40
2 Discount Factor 0.40%
3 Beginning of month Pool Balance 12/01/1999 3,605,287,403.52
4 End of month Principal Receivables 12/31/1999 3,654,379,937.09
5 Discount Factor 0.40%
6 End of month Pool Balance 12/31/1999 3,639,762,417.34
Certificates
7 Maximum Funding Amount 3,000,000,000.00 3,000,000,000.00
8 Beginning of month Invested Amount 12/01/1999 2,999,347,875.81 2,999,347,875.81
9 Principal Payments 12/01/1999 12/31/1999 680,366,933.23 680,366,933.23
10 New Certificates 12/01/1999 12/31/1999 681,019,057.23 681,019,057.23
11 End of month Invested Amount 12/31/1999 2,999,999,999.81 2,999,999,999.81
12 Allocation Percentage 100.00%
Reserve Fund
13 Beginning of month Reserve Fund Amount 12/01/1999 60,000,000.00 60,000,000.00
14 Reserve Fund Deposits 12/01/1999 12/31/1999 - -
15 Reserve Fund withdrawals 12/01/1999 12/31/1999 - -
16 End of month Reserve Fund Amount 12/31/1999 60,000,000.00 60,000,000.00
17 Certificate Balance for Reserve Fund determination 01/18/2000 3,000,000,000.00 3,000,000,000.00
18 Reserve Fund Rate 2.00%
19 Reserve Fund Required Amount 60,000,000.00 60,000,000.00
20 Reserve Fund Deposit - -
21 Reserve Fund Withdrawal - -
22 Reserve Fund Balance 01/18/2000 60,000,000.00 60,000,000.00
Subordination
23 Certificate Balance for Subordination determination 12/31/1999 2,999,999,999.81 2,999,999,999.81
24 Subordination Rate 2.50%
25 Specified Available Subordination Amount 75,000,000.00 75,000,000.00
26 Required Subordination Draw Amount - -
27 Draw Amounts for preceding Distribution Dates - -
28 Available Subordinated Amount 75,000,000.00 75,000,000.00
29 Investor Charge Offs - -
30 Amount of Chargeoff Reimbursement - -
Collections
31 Principal Allocation Percentage 83.21% 83.21%
32 Floating Allocation Percentage 83.19% 83.19%
33 Seller's Percentage 16.81%
34 Excess Seller's Percentage 14.73%
35 Principal Collections 12/01/1999 12/31/1999 1,177,246,247.14
36 Nonprincipal Collections 12/01/1999 12/31/1999 26,153,646.14
37 Total Collections 12/01/1999 12/31/1999 1,203,399,893.28
Defaults
38 Defaulted Amount 12/01/1999 12/31/1999 2,027,264.35
39 Investor Default Amount 1,686,542.66 1,686,542.66
Interest
40 Interest/Program Amount 12/01/1999 12/31/1999 7,776,445.57 7,776,445.57
41 Commitment Fee 12/01/1999 12/31/1999 26.17 26.17
42 Total 12/01/1999 12/31/1999 7,776,471.74 7,776,471.74
Servicing Fee
43 Certificate Balance for Servicing Fee determination 11/30/1999 2,999,347,875.81
44 Servicing Fee Rate 2.00%
45 Servicing Fee 12/01/1999 12/31/1999 4,998,913.13 4,998,913.13
Excess Servicing
46 Non-Principal Collections 12/01/1999 12/31/1999 21,758,011.00 21,758,011.00
47 Plus: Investment Proceeds 12/01/1999 12/31/1999 268,413.89 268,413.89
48 Less:
49 Monthly Interest 12/01/1999 12/31/1999 7,776,445.57 7,776,445.57
50 Prior Monthly Interest - -
51 Additional Base Rate Interest 12/01/1999 12/31/1999 - -
52 Commitment Fee 12/01/1999 12/31/1999 26.17 26.17
53 Monthly Servicing Fee 12/01/1999 12/31/1999 4,998,913.13 4,998,913.13
54 Reserve Fund Deposit Amount 12/01/1999 12/31/1999 - -
55 Default Amount 12/01/1999 12/31/1999 1,686,542.66 1,686,542.66
56 Charge-Offs 12/01/1999 12/31/1999 - -
57 Breakage Amounts 12/01/1999 12/31/1999 - -
58 Additional Amounts 12/01/1999 12/31/1999 - -
59 Balance: Excess Servicing 12/01/1999 12/31/1999 7,564,497.36 7,564,497.36
Collection Account
60 Beginning Balance 12/01/1999 - -
61 Deposits 12/01/1999 12/31/1999 268,413.89 268,413.89
62 Disbursements 12/01/1999 12/31/1999 268,413.89 268,413.89
63 Ending Balance 12/31/1999 - -
Interest Funding Account
64 Beginning Balance 12/01/1999 - -
65 Deposits 12/01/1999 12/31/1999 7,776,471.74 7,776,471.74
66 Disbursements 12/01/1999 12/31/1999 7,776,471.74 7,776,471.74
67 Ending Balance 12/31/1999 - -
Principal Funding Account
68 Beginning Balance 12/01/1999 - -
69 Deposits 12/01/1999 12/31/1999 680,366,933.23 680,366,933.23
70 Disbursements 12/01/1999 12/31/1999 680,366,933.23 680,366,933.23
71 Ending Balance 12/31/1999 - -
</TABLE>
