DAIMLER BENZ VEHICLE TRUST 1994-A
8-K, 1997-04-01
ASSET-BACKED SECURITIES
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<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)


                                 March 17, 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 March 17, 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 February 1997 collection period (the "February
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 February Statement is being filed as Exhibit
28 to this Current Report on Form 8-K.

Item 7.  Financial Statements and Exhibits

         (c) Exhibits

             Exhibit No.           Description
             -----------           -----------
             28                    Statement for Class A and Class B
                                   Certificateholders for the
                                   February 1997 Collection Period


                                       -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: March 17, 1997           By: /s/ David A. Klanica
                                   --------------------------------------
                               Name:  David A. Klanica
                               Title: Director of Accounting Services


                                       -3-
<PAGE>   4

                                INDEX TO EXHIBITS

Exhibit No.        Description
- -----------        -----------
   28              Statement for Class A and Class B Certificateholders for the
                   February 1997 Collection Period


                                       -4-

<PAGE>   1

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

Collection Period: February 1997
Distribution Date: 3/17/97


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                                        $ 5,462,435.66        $9.012925
            Class B Amount                                        $   232,230.60        $3.448588
                                                                                    
  (ii)  Interest Distribution                                                       
            Class A Amount                                        $   364,793.51        $0.601903
            Class B Amount                                        $    40,532.61        $0.601903
                                                                                    
 (iii)  Amount of Distribution allocable to the Yield                               
          Supplement Amount                                       $     1,090.53    
            Class A Amount                                        $       981.48    
            Class B Amount                                        $       109.05    
        Amount of Distribution allocable to the (Excess)                            
          Shortfall Amount                                        $   (37,793.24)   
            Class A Percentage                                    $   (34,013.92)   
            Class B Percentage                                    $    (3,779.32)   
                                                                                    
  (iv)  Monthly Servicing Fee                                     $    68,122.04        $0.101160
            Monthly Supplemental Servicing Fee                    $         0.00        $0.000000
            Class A Percentage of the Servicing Fee               $    61,309.84        $0.101160
            Class A Percentage of the Supplemental Servicing Fee  $         0.00        $0.000000
            Class B Percentage of the Servicing Fee               $     6,812.20        $0.101160
            Class B Percentage of the Supplemental Servicing Fee  $         0.00    
                                                                                    
   (v)  Class A Principal Balance (end of Collection Period)      $68,109,365.59    
        Class A Pool Factor (end of Collection Period)                 11.237928%        
        Class B Principal Balance (end of Collection Period)      $ 7,567,707.29     
        Class B Pool Factor (end of Collection Period)                 11.237928%        
                                                                                    
  (vi)  Pool Balance (end of Collection Period)                   $75,677,072.88    
                                                                                    
 (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                     $  (374,706.69)       $5.564336
                                                                                    
(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>


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