DAIMLER BENZ VEHICLE TRUST 1994-A
8-K, 1997-06-02
ASSET-BACKED SECURITIES
Previous: DEFINED ASSET FUNDS MUNICIPAL INVT TR FD INTERM TERM SER 265, 497, 1997-06-02
Next: APPLIED CELLULAR TECHNOLOGY INC, 8-K/A, 1997-06-02



<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)



                                  May 15, 1997
        ----------------------------------------------------------------
                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 May 15, 1997, 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, Class A Agent and Class B 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 April 1997 collection period (the "April 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
April 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
                                    April 1997 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:  May 21, 1997           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 April 1997 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: APRIL 1997
DISTRIBUTION DATE: 5/15/97



STATEMENT FOR CLASS A AND CLASS B CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT                  

<TABLE>
<CAPTION>
                                                                                                       Per $1,000 of Original
                                                                                                          Class A/Class B
                                                                                                         Certificate Amount
                                                                                                       ----------------------
<S>                                                                                  <C>               <C>        
   (i) Principal Distribution
          Class A Amount                                                              $61,785,668.07        $101.945290
          Class B Amount                                                              $ 6,776,269.57        $100.626554

  (ii) Interest Distribution                                                                               
          Class A Amount                                                             $    306,353.94        $  0.505479
          Class B Amount                                                             $     34,039.33        $  0.505479

 (iii) Amount of Distribution allocable to the Yield Supplement Amount               $      1,006.76
                                                                                     ---------------
          Class A Amount                                                             $        906.08       
          Class B Amount                                                             $        100.68       

       Amount of Distribution allocable to the (Excess) Shortfall Amount             $     (9,933.64)
                                                                                     ---------------
          Class A Percentage                                                         $     (8,940.28)      
          Class B Percentage                                                         $       (993.36)      

  (iv) Monthly Servicing Fee                                                         $     57,208.95        $  0.084954
                                                                                     ---------------
          Monthly Supplemental Servicing Fee                                         $          0.00        $  0.000000
          Class A Percentage of the Servicing Fee                                    $     51,488.06        $  0.084954
          Class A Percentage of the Supplemental Servicing Fee                       $          0.00        $  0.000000
          Class B Percentage of the Servicing Fee                                    $      5,720.89        $  0.084954
          Class B Percentage of the Supplemental Servicing Fee                       $          0.00       

   (v) Class A Principal Balance (end of Collection Period)                          $          0.00       
       Class A Pool Factor (end of Collection Period)                                       0.000000%      
       Class B Principal Balance (end of Collection Period)                          $          0.00       
       Class B Pool Factor (end of Collection Period)                                       0.000000%      

  (vi) Pool Balance (end of Collection Period)                                       $          0.00       
                                                                                                           
 (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                                         $    (88,804.66)       $  1.318735
                                                                                                          
(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                                                             $          0.00
          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