DAIMLER BENZ VEHICLE TRUST 1994-A
8-K, 1997-01-09
ASSET-BACKED SECURITIES
Previous: DEFINED ASSET FUNDS MUNICIPAL INV TR FD MON PYMT SER 575, 487, 1997-01-09
Next: UAM FUNDS TRUST, 497, 1997-01-09



<PAGE>   1
                       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




                        DAIMLER-BENZ VEHICLE TRUST 1994-A
 ------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                                December 16, 1996
 ------------------------------------------------------------------------------
                Date of Report (Date of earliest event reported)




Delaware                          33-79574                  13-3770955
(State or other jurisdiction      (Commission File          (I.R.S. Employer
of incorporation)                  Number)                  Identification No.)





        1201 North Market Street, Suite 1406, Wilmington, Delaware 19801
 ------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)




                                 (302) 426-1900
 ------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)
<PAGE>   2
Item 5.  Other Events

         On December 16, 1996, the Principal and Interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
Pooling and Servicing Agreement dated as of July 1, 1994 (the "Agreement"),
among Mercedes-Benz Credit Corporation, in its individual capacity and as
Servicer, Daimler-Benz Vehicle Receivables Corporation, as Seller, and Citibank,
N.A., as Trustee, Payahead Agent and Class A Agent (the "Trustee"), was
distributed to holders ("Certificateholders") of certificates representing
undivided fractional interests in Daimler-Benz Vehicle Trust 1994-A. In
accordance with the Agreement, the statement for Class A and Class B
Certificateholders for the November 1996 collection period (the "November
Statement") was furnished to the Trustee for the benefit of the
Certificateholders and, as such, was distributed by the Trustee to the
Certificateholders. A copy of the November Statement is being filed as Exhibit
28 to this Current Report on Form 8-K.



Item 7.  Financial Statements and Exhibits

         (c)      Exhibits
<TABLE>
<CAPTION>
                  Exhibit No.            Description
                  -----------            -----------
<S>                                      <C>
                  28                     Statement for Class A and Class B
                                         Certificateholders for the
                                         November 1996 Collection Period
</TABLE>



                                       -2-
<PAGE>   3
                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                  Daimler-Benz Vehicle Trust 1994-A
                                                    (Registrant)

                                  By:  Mercedes-Benz Credit Corporation, as
                                       Servicer


Date:  December 19, 1996          By:  /s/ David A. Klanica
                                       ----------------------------------------
                                        Name:   David A. Klanica
                                        Title:  Director of Accounting Services



                                       -3-
<PAGE>   4

                                INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No.        Description
- -----------        -----------

<S>                <C>
       28          Statement for Class A and Class B Certificateholders for the
                   November 1996 Collection Period
</TABLE>



                                       -4-

<PAGE>   1
                        Daimler-Benz Vehicle Trust 1994-A
                            Monthly Servicing Report
                   Servicer: Mercedes-Benz Credit Corporation
                             Trustee: Citibank, N.A.



Collection Period: November 1996
Distribution Date: 12/16/96

<TABLE>
<CAPTION>
Statement for Class A and Class B Certificateholders Pursuant to
Section 4.9 of the Pooling and Servicing Agreement                                                           Per $1,000 of Original
                                                                                                                 Class A/Class B
                                                                                                               Certificate Amount
                                                                                                            -----------------------
<S>                                                                                     <C>                      <C>
   (i) Principal Distribution
           Class A Amount                                                               $   7,824,034.00         $  12.909522
           Class B Amount                                                               $     966,523.27         $  14.352721

  (ii) Interest Distribution
           Class A Amount                                                               $     481,289.00         $   0.794119
           Class B Amount                                                               $      53,476.56         $   0.794119

 (iii) Amount of Distribution allocable to the Yield Supplement Amount                  $       1,552.96
                                                                                        ----------------
           Class A Amount                                                               $       1,397.66
           Class B Amount                                                               $         155.30

       Amount of Distribution allocable to the (Excess) Shortfall Amount                ($      2,518.66)
                                                                                        ----------------
           Class A Percentage                                                           ($      2,266.79)
           Class B Percentage                                                           ($        251.87)

  (iv) Monthly Servicing Fee                                                            $      89,876.56         $   0.133465
                                                                                        ----------------
           Monthly Supplemental Servicing Fee                                           $           0.00         $   0.000000
           Class A Percentage of the Servicing Fee                                      $      80,888.90         $   0.133465
           Class A Percentage of the Supplemental Servicing Fee                         $           0.00         $   0.000000
           Class B Percentage of the Servicing Fee                                      $       8,987.66         $   0.133465
           Class B Percentage of the Supplemental Servicing Fee                         $           0.00

   (v) Class A Principal Balance (end of Collection Period)                             $  89,242,654.37
       Class A Pool Factor (end of Collection Period)                                          14.724884%
       Class B Principal Balance (end of Collection Period)                             $   9,915,850.48
       Class B Pool Factor (end of Collection Period)                                          14.724884%

  (vi) Pool Balance (end of Collection Period)                                          $  99,158,504.85

 (vii) Class A Interest Carryover Shortfall                                             $           0.00         $   0.000000
       Class A Principal Carryover Shortfall                                            $           0.00         $   0.000000
       Class B Interest Carryover Shortfall                                             $           0.00         $   0.000000
       Class B Principal Carryover Shortfall                                            $      97,186.15         $   1.443199

(viii) Amount Otherwise Distributable to the Seller that is Distributed to Either
       the Class A or Class B Certificateholders                                        $           0.00

  (ix) Balance of the Reserve Fund Property (end of Collection Period)
           Class A Amount                                                               $  20,202,230.76
           Class B Amount                                                               $           0.00

   (x) Aggregate Purchase Amount of Receivables repurchased by
       the Seller or the Servicer                                                       $           0.00
</TABLE>
                                                                        Page 1


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission