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Previous: MLCC MORTGAGE INVESTORS INC, 8-K, 1997-03-19 |
Next: SANTA FE PACIFIC GOLD CORP, 10-K405, 1997-03-19 |
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
Date of Report (Date of earliest event reported):
Various
FINGERHUT MASTER TRUST
FINGERHUT RECEIVABLES, INC.
(Originator of the Fingerhut Master Trust)
(Exact name of registrant as specified in its charter)
Delaware 033-77780 41-1783128
(State of Incorporation) (Commission File No.) (IRS Employer I.D. No.)
4400 Baker Road, Suite F480,
Minnetonka, Minnesota 55343
(Address of principal executive offices)
(612) 936-5035
(Registrant's telephone number, including area code)
FINGERHUT RECEIVABLES, INC.
Current Report on Form 8-K
Item 7. Financial Statements and Exhibits
Ex. 20 Settlement Statement
SIGNATURE
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.
FINGERHUT RECEIVABLES, INC.
By /s/James M. Wehmann
James M. Wehmann
Vice President,
Assistant Treasurer
Dated: March 18, 1997
<TABLE>
Fingerhut Receivables, Inc. Fingerhut Master Trust Monthly Report
Certificateholder's Statement Series 1994-1 Jan-1997
Section 5.2 Class A Class B Class C Class D Total
<C> <S> <C> <C> <C> <C> <C>
(i) Certificate Amount 656,241,666.67 92,050,000.00 92,050,000.00 122,728,000.00 963,069,666.67
(ii) Certificate Principal Distributed 59,658,333.33 0.00 0.00 59,658,333.33
(iii) Certificate Interest Distributed 3,137,655.47 463,126.56 493,809.90 4,094,591.93
Total Distribution per $1,000 Certificate
Certificate Principal Distributed per $1,000 90.9090909 0.0000000 0.0000000
Certificate Interest Distributed per $1,000 4.7812500 5.0312500 5.3645834
(iv) Principal Collections 44,642,697.90 5,740,131.78 5,740,131.78 7,653,176.45 63,776,137.91
(v) Imputed Yield Collections 14,715,592.58 1,913,377.26 1,913,377.26 2,520,231.18 21,062,578.28
Recoveries 1,627,234.72 228,249.69 228,249.69 302,974.56 2,386,708.66
Interest Earned on Prefunded Accounts 0.00 0.00 0.00 0.00 0.00
Total Imputed Yield Collections 16,342,827.30 2,141,626.95 2,141,626.95 2,823,205.74 23,449,286.94
Total Collections 60,985,525.20 7,881,758.73 7,881,758.73 10,476,382.19 87,225,424.85
(vi) Aggregate Amount of Principal Receivables 1,373,525,495.41
Invested Amount (End of Month) 656,241,666.67 92,050,000.00 92,050,000.00 122,728,000.00 963,069,666.67
Floating Allocation Percentage 47.7779021% 6.7017322% 6.7017322% 8.9352546% 70.1166211%
Invested Amount (Beginning of Month) 656,241,666.67 92,050,000.00 92,050,000.00 122,728,000.00 963,069,666.67
Average Daily Invested Amount 1,013,025,362.46
(vii) Receivable Delinquencies (As a % of Total Receivables)
Current 76.76% 1,405,734,389.22
30 Days to 59 Days 6.37% 116,558,006.68
60 Days to 89 Days 3.73% 68,371,715.22
90 Days and Over 13.14% 240,703,216.09
Total Receivables 100.00% 1,831,367,327.21
(viii) Aggregate Investor Default Amount 16,331,320.61
As a % of Average Daily Invested Amount
(Annualized based on 365 days/year) 21.02%
(ix) Certificate Charge-Offs
Class A 0.00
Class B 0.00
Class C 0.00
Class D 0.00
Total Certificate Charge-Offs 0.00
(x) Servicing Fee
Class A 1,193,166.80
Class B 153,416.76
Class C 153,416.76
Class D 204,546.72
Total Servicing Fee 1,704,547.04
(xi) Pool Factor
Class A 0.9166667
Class B 1.0000000
Class C 1.0000000
(xii) Reallocated Principal Collections
Class B 0.00
Class C 0.00
Class D 4,437,361.99
** Everything was reimbursed by the end of the fiscal month.
(xiii) Excess Funding Account Balance 0.00
Prefunding Account Balance 0.00
(xiv) Class C Trigger Event Occurrence None
Class C Reserve Amount N/A
Average Net Portfolio Yield 9.1595%
Minimum Base Rate 7.8398%
</TABLE>
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