SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of
the Securities Exchange Act of 1934
____________________________________
Date of Report (Date of earliest event reported): 25 September 1996
CATERPILLAR FINANCIAL ASSET TRUST 1996-A
(Exact name of Registrant as specified in charter)
Delaware
(State or other jurisdiction
of incorporation)
333-2988 Applied for 1996
(Commission File Number) (IRS Employer I.D. No.)
c/o Caterpillar Financial Funding Corporation
2950 East Flamingo Rd., Suite E-4, Las Vegas, NV 89121
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702)735-2514
Page 1 of 12 pages.
The Exhibit Index appears at Page 3
Item 7. Financial Statements, and Exhibits
(c) Exhibits
Exhibit
Number Description
99.1 Statement to Certificateholders
99.2 Statement to Noteholders
99.3 Servicer's Certificate
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 thereunto duly authorized.
CATERPILLAR FINANCIAL ASSET TRUST 1996-A
By: CATERPILLAR FINANCIAL
SERVICES CORPORATION
(Servicer)
By /s/ Edward J. Scott____________
Edward J. Scott, Treasurer
DATE: September 27, 1996
Page 2
EXHIBIT INDEX
Sequentially
Exhibit Numbered
Number Description Page
99.1 Statement to Certificateholders 4
99.2 Statement to Noteholders 5
99.3 Servicer's Certificate 6
Page 3
"Caterpillar Financial Asset Trust, 1996-A"
Statement for Certificateholders Pursuant to Section 5.06(a) Exhibit 99-1
Distribution Date: 25-Sep-96
( i ) Amount of principal being paid on Notes:
"(a) Class A-1 Notes, CUSIP NO 149114AH3:" "10,620,238.38 "
" per $1,000 original principal amount:" 124.9439809
"(b) Class A-2 Notes, CUSIP NO 149114AJ9:" 0.0000000
" per $1,000 original principal amount:" 0.0000000
"(c) Class A-3 Notes, CUSIP NO 149114AK6:" 0.0000000
" per $1,000 original principal amount:" 0.0000000
"(d) Certificates, CUSIP NO 149114AL4:" 0.00
" per $1,000 original principal amount:" 0.00000000
(e) Total: "10,620,238.38 "
(ii) Amount of interest being paid or distributed:
"(a) Class A-1 Notes, CUSIP NO 149114AH3:" "219,103.32 "
" per $1,000 original principal amount:" 2.5776861
"(b) Class A-2 Notes, CUSIP NO 149114AJ9:" "683,416.67 "
" per $1,000 original principal amount:" 4.9166667
"(c) Class A-3 Notes, CUSIP NO 149114AK6:" "698,360.25 "
" per $1,000 original principal amount:" 5.2500000
"(d) Certificates, CUSIP NO 149114AL4:" "81,199.02 "
" per $1,000 original principal amount:" 5.45833333
(e) Total: "1,682,079.26 "
(iii) Amount of prepayment premium being paid or distributed:
"(a) Class A-1 Notes, CUSIP NO 149114AH3:"
" per $1,000 original principal amount:"
"(b) Class A-2 Notes, CUSIP NO 149114AJ9:"
" per $1,000 original principal amount:"
"(c) Class A-3 Notes, CUSIP NO 149114AK6:"
" per $1,000 original principal amount:"
"(d) Certificates, CUSIP NO 149114AL4:"
" per $1,000 original principal amount:"
(e) Total:
(iv) Pool Balance at end of related collection period: "324,804,786.30 "
(v) After giving effect to distributions on this Distribution Date:
(a) (i) outstanding principal amount of Class A-1 Notes: "37,907,629.30 "
(ii) Class A-1 Note Pool Factor: 0.44597211
(b) (i) outstanding principal amount of Class A-2 Notes: "139,000,000.00 "
(ii) Class A-2 Note Pool Factor: 1.00000000
(c) (i) outstanding principal amount of Class A-3 Notes: "133,021,000.00 "
(ii) Class A-3 Note Pool Factor: 1.00000000
(d) (i) Certificate Balance: "14,876,157.00 "
(ii) Certificate Pool Factor: 1.00000000
(vi) Amount of Servicing Fee paid: "279,520.85 "
(vii) Amount of Administration Fee paid: 500.00
(viii) Aggregate Purchase Amounts for Collection Period: "576,927.32 "
(ix) Aggregate Amount of Realized Losses 0.00
(x) Specified Reserve Account Balance at end of
related collection period: "15,428,227.35 "
"Caterpillar Financial Asset Trust, 1996-A"
Statement for Noteholders pursuant to Section 5.06(a) Exhibit 99-2
Distribution Date: 25-Sep-96
( i ) Amount of principal being paid on Notes:
"(a) Class A-1 Notes, CUSIP NO 149114AH3:" "10,620,238.38 "
" per $1,000 original principal amount:" 124.94398094
"(b) Class A-2 Notes, CUSIP NO 149114AJ9:" 0.00
" per $1,000 original principal amount:" 0.00000000
"(c) Class A-3 Notes, CUSIP NO 149114AK6:" 0.00
" per $1,000 original principal amount:" 0.00000000
(d) Total: "10,620,238.38 "
(ii) Amount of interest being paid or distributed:
"(a) Class A-1 Notes, CUSIP NO 149114AH3:" "219,103.32 "
" per $1,000 original principal amount:" 2.57768615
"(b) Class A-2 Notes, CUSIP NO 149114AJ9:" "683,416.67 "
" per $1,000 original principal amount:" 4.91666667
"(c) Class A-3 Notes, CUSIP NO 149114AK6:" "698,360.25 "
" per $1,000 original principal amount:" 5.25000000
(d) Total: "1,600,880.24 "
(iii) Amount of prepayment premium being paid or distributed:
"(a) Class A-1 Notes, CUSIP NO 149114AH3:"
" per $1,000 original principal amount:"
"(b) Class A-2 Notes, CUSIP NO 149114AJ9:"
" per $1,000 original principal amount:"
"(c) Class A-3 Notes, CUSIP NO 149114AK6:"
" per $1,000 original principal amount:"
(d) Total:
(iv) Pool Balance at end of related collection period: "324,804,786.30 "
(v) After giving effect to distributions on this Distribution Date:
(a) (i) outstanding principal amount of Class A-1 Notes: "37,907,629.30 "
(ii) Class A-1 Note Pool Factor: 0.4459721
(b) (i) outstanding principal amount of Class A-2 Notes: "139,000,000.00 "
(ii) Class A-2 Note Pool Factor: 1.0000000
(c) (i) outstanding principal amount of Class A-3 Notes: "133,021,000.00 "
(ii) Class A-3 Note Pool Factor: 1.0000000
(d) (i) Certificate Balance: "14,876,157.00 "
(ii) Certificate Pool Factor: 1.0000000
(vi) Amount of Servicing Fee paid: "279,520.85 "
(vii) Amount of Administration Fee paid: 500.00
(viii) Aggregate Purchase Amounts for Collection Period: "576,927.32 "
(ix) Aggregate Amount of Realized Losses 0.00
(x) Specified Reserve Account Balance at end of
related collection period: "15,428,227.35 "
"Caterpillar Financial Asset Trust, 1996-A" Exhibit 99-3
"$85,000,000 Class A-1 5.418% Asset Backed Notes"
"$139,000,000 Class A-2 5.90% Asset Backed Notes"
"$133,021,000 Class A-3 6.30% Asset Backed Notes"
"$14,876,157 6.55% Asset Backed Certificates"
Servicing Certificate/Statement to Noteholders and Certificateholders
Distribution Date 25-Sep-96
Collection Period Month Begin 01-Aug-96
Collection Period Month End 31-Aug-96
Original Pool Balance "371,897,157.00 "
Beginning Pool Balance "335,425,024.68 "
Ending Pool Balance "324,804,786.30 "
Total Interest Collections "2,201,387.28 "
Total Principal Collections "10,043,311.06 "
Warranty Repurchases:
Contracts deferred beyond A-3 maturity date 0.00
Administrative Repurchases (See List) "576,927.32 "
Liquidation Proceeds 0.00
Reinvestment Income "83,743.77 "
TOTAL COLLECTIONS FOR THE COLLECTION PERIOD "12,905,369.43 "
Miscellaneous Data
Aggregate Scheduled Amounts 31 - 60 days past due "5,269,548.46 "
Aggregate Scheduled Amounts 61 days or more past due "2,119,433.00 "
Net Losses on Liquidated Receivables This Period 0.00
Number of Loans at Beginning of Period "4,145 "
Number of Loans at End of Period "4,118 "
Repossessed Equipment not Sold or Reassigned (Beginning) "364,708.94 "
Repossessed Equipment not Sold or Reassigned (End) "854,240.46 "
Calculation of Distributable Amounts
Original Class A-1 Principal Balance "85,000,000.00 "
Class A-1 Note Beginning Principal Balance "48,527,867.68 "
Class A-1 Noteholders' Principal Carryover Shortfall 0.00
A-1 Noteholders' share of the Principal Distribution Amount 100.00%
Class A-1 Noteholders' Principal Distributable Amount "10,620,238.38 "
Original Class A-2 Principal Balance "139,000,000.00 "
Class A-2 Note Beginning Principal Balance "139,000,000.00 "
A-2 Noteholders' Percentage 100.00%
Class A-2 Noteholders' Principal Carryover Shortfall 0.00
A-2 Noteholders' share of Principal Distribution Amount 0.00%
Class A-2 Noteholders' Principal Distributable Amount 0.00
Original Class A-3 Principal Balance "133,021,000.00 "
Class A-3 Note Beginning Principal Balance "133,021,000.00 "
A-3 Noteholders' Percentage 96.00%
Class A-3 Noteholders' Principal Carryover Shortfall 0.00
A-3 Noteholders' share of Principal Distribution Amount 0.00%
Class A-3 Noteholders' Principal Distributable Amount 0.00
Original Certificate Principal Balance "14,876,157.00 "
Certificate Beginning Principal Balance "14,876,157.00 "
Certificateholders' Principal Carryover Shortfall 0.00
Certificateholders' Principal Distributable Amount 0.00
Total Beginning Principal Balance of Notes and Certificates "335,425,024.68 "
Allocation of Total Distribution Amount (TDA)
Interest Distribution Amount (IDA) "2,285,131.05 "
Principal Distribution Amount (PDA) "10,620,238.38 "
Total Distribution Amount (TDA) "12,905,369.43 "
Servicing Fee Shortfall (Beginning of Period) 0.00
Servicing Fees Accrued during this Period 1.00% "279,520.85 "
Servicing Fees Paid this Period from TDA "279,520.85 "
Servicing Fee Shortfall (End of Period) 0.00
Administration Fee Shortfall (Beginning of Period) 0.00
Administration Fees Accrued during this Period 500.00
Administration Fees Paid this Period from TDA 500.00
Administration Fee Shortfall (End of Period Shortfall) 0.00
Total Distribution Amount Remaining "12,625,348.58 "
A-1 Noteholders' Interest Carryover Shortfall (Beginning) 0.00
Interest Due (in Arrears) on Above Beginning Shortfall 0.00
A-1 Noteholders' Interest Distributable Amount 5.418% "219,103.32 "
A-1 Noteholders' Interest Paid this Period from TDA "219,103.32 "
Prelim. A-1 Noteholders' Interest Carryover Shortfall (End) 0.00
A-2 Noteholders' Interest Carryover Shortfall (Beginning) 0.00
Interest Due (in Arrears) on Above Beginning Shortfall 0.00
A-2 Noteholders' Interest Distributable Amount 5.90% "683,416.67 "
A-2 Noteholders' Interest Paid this Period from TDA "683,416.67 "
Prelim. A-2 Noteholders' Interest Carryover Shortfall (End) 0.00
A-3 Noteholders' Interest Carryover Shortfall (Beginning) 0.00
Interest Due (in Arrears) on Above Beginning Shortfall 0.00
A-3 Noteholders' Interest Distributable Amount 6.30% "698,360.25 "
A-3 Noteholders' Interest Paid this Period from TDA "698,360.25 "
Prelim. A-3 Noteholders' Interest Carryover Shortfall (End) 0.00
Noteholders' Interest Carryover Shortfall (Beginning) 0.00
Interest Due (in Arrears) on Above Beginning Shortfall 0.00
Noteholders' Interest Distributable Amount "1,600,880.24 "
Noteholders' Interest Paid this Period from TDA "1,600,880.24 "
Prelim. Noteholders' Interest Carryover Shortfall (End) 0.00
Total Distribution Amount Remaining "11,024,468.34 "
Class A-1 Noteholders' Principal Carryover Shortfall (Beginning) 0.00
A-1 Noteholders' Principal Distributable Amount this Period "10,620,238.38 "
A-1 Noteholders' Principal Paid this Period from TDA "10,620,238.38 "
Prelim. Class A-1 Noteholders' Principal Carryover Shortfall (End) 0.00
Total Distribution Amount Remaining "404,229.96 "
Class A-2 Noteholders' Principal Carryover Shortfall (Beginning) 0.00
A-2 Noteholders' Principal Distributable Amount this Period 0.00
A-2 Noteholders' Principal Paid this Period from TDA 0.00
Prelim. Class A-2 Noteholders' Principal Carryover Shortfall (End) 0.00
Total Distribution Amount Remaining "404,229.96 "
Class A-3 Noteholders' Principal Carryover Shortfall (Beginning) 0.00
A-3 Noteholders' Principal Distributable Amount this Period 0.00
A-3 Noteholders' Principal Paid this Period from TDA 0.00
Prelim. Class A-3 Noteholders' Principal Carryover Shortfall (End) 0.00
Total Distribution Amount Remaining "404,229.96 "
Certificateholders' Interest Carryover Shortfall (Beginning) 0.00
Interest Due (in Arrears) on Above Beginning Shortfall 0.00
Certificateholders' Earned Interest 6.55% "81,199.02 "
Certificateholders' Interest Paid this Period from TDA "81,199.02 "
Prelim. Certificateholders' Interest Carryover Shortfall (End) 0.00
Total Distribution Amount Remaining "323,030.93 "
Certificateholders' Principal Carryover Shortfall (Beginning) 0.00
Certificateholders' Principal Distributable Amount 0.00
Certificateholders' Principal Paid this Period from TDA 0.00
Prelim. Certificateholders' Principal Carryover Shortfall (End) 0.00
Total Distribution Amount Remaining "323,030.93 "
Distributions to/from Reserve Account
Reserve Account Balance at beginning of period "15,932,688.67 "
Deposit to Reserve Account from Excess Collections "323,030.93 "
Distribute from Reserve Account to Noteholders' Distr. Account 0.00
Adjustment to A-1 Interest Carryover Shortfall 0.00
Adjustment to A-2 Interest Carryover Shortfall 0.00
Adjustment to A-3 Interest Carryover Shortfall 0.00
Adjustment to A-1 Principal Carryover Shortfall 0.00
Adjustment to A-2 Principal Carryover Shortfall 0.00
Adjustment to A-3 Principal Carryover Shortfall 0.00
Reserve Account Balance Remaining "16,255,719.61 "
Distribute from Reserve Account to Certificateholders' Distr. Account 0.00
Adjustment to Certificateholders' Interest Carryover Shortfall 0.00
Adjustment to Certificateholders' Principal Carryover Shortfall 0.00
Reserve Account Balance Remaining "16,255,719.61 "
Cumulative Realized Losses since 1-May-96 (Cut-off Date) 0.00
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
(12 x Realized Losses) + Repos at end of Collection Period "854,240.46 "
((12 x Realized Losses) + Unliq. Repos)>2.00% of Beg. Pool Balance? NO
Aggregate Scheduled Amounts 60 days or more past due "2,119,433.00 "
Are >60 day Delinquencies > 3.75% of Ending Pool Balance? NO
"Is any one of the three conditions ""YES""?" NO
Class A-1 Note Principal Balance (End of Period) "37,907,629.30 "
Class A-2 Note Principal Balance (End of Period) "139,000,000.00 "
Class A-3 Note Principal Balance (End of Period) "133,021,000.00 "
Certificate Principal Balance (End of Period) "14,876,157.00 "
Total Principal Balance of Notes and Certificates "324,804,786.30 "
Specified Reserve Account Balance "15,428,227.35 "
Greater of:
4.75% of Ending Pool Balance "15,428,227.35 "
" Floor (Min. Outstanding Note and Certificate Balance, $8,367,686)"
"9,297,428.93 "
Reserve Account Balance Remaining "16,255,719.61 "
Excess Reserve Account Balance "827,492.26 "
Release from Reserve Account to Seller "827,492.26 "
Release from Reserve Account to A-2 Noteholders as Principal 0.00
Release from Reserve Account to A-3 Noteholders as Principal 0.00
Ending Reserve Account Balance (after distributions) "15,428,227.35 "
Net Change in Reserve Account Balance "(504,461.32)"
Ending Balances/Factors
Class A-1 Interest Carryover Shortfall (Ending Balance) 0.00
Class A-2 Interest Carryover Shortfall (Ending Balance) 0.00
Class A-3 Interest Carryover Shortfall (Ending Balance) 0.00
Noteholders' Interest Carryover Shortfall (Ending Balance) 0.00
Class A-1 Principal Carryover Shortfall (Ending Balance) 0.00
Class A-2 Principal Carryover Shortfall (Ending Balance) 0.00
Class A-3 Principal Carryover Shortfall (Ending Balance) 0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) 0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) 0.00
Class A-1 Note Principal Balance (End of Period) "37,907,629.30 "
Class A-2 Note Principal Balance (End of Period) "139,000,000.00 "
Class A-3 Note Principal Balance (End of Period) "133,021,000.00 "
Certificate Principal Balance (End of Period) "14,876,157.00 "
Total Principal Balance of Notes and Certificates "324,804,786.30 "
Class A-1 Note Pool Factor (End of Period) 0.4459721
Class A-2 Note Pool Factor (End of Period) 1.0000000
Class A-3 Note Pool Factor (End of Period) 1.0000000
Certificate Pool Factor (End of Period) 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.8733726
Specified Reserve Account Balance (after distributions) "15,428,227.35 "
"Caterpillar Financial Asset Trust, 1996-A" Administrative Repurchases
Distribution Date 25-Sep-96
Receivable Reference Principal Repurchased
001-0033452-000 "210,383.10"
001-0031042-000 "69,682.34"
001-0034940-000 "36,888.03"
001-0030396-000 "86,757.16"
001-0037693-000 "173,216.69"
Total Administrative Repurchases "576,927.32"
