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 May 1996
CATERPILLAR FINANCIAL ASSET TRUST 1995-A
(Exact name of Registrant as specified in charter)
Delaware
(State or other jurisdiction
of incorporation)
33-94848 51-0369134
(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 13 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 1995-A
By: CATERPILLAR FINANCIAL
SERVICES CORPORATION
(Servicer)
By /s/ Frank C. Carder
Frank C. Carder, Treasurer
DATE: May 28, 1996
Page 2
EXHIBIT INDEX
Sequentially
Exhibit Numbered
Number Description Page
99.1 Statement to Certificateholders 4
99.2 Statement to Noteholders 6
99.3 Servicer's Certificate 8
Page 3
Caterpillar Financial Asset Trust, 1995-A Exhibit 99.1
Statement for Certificateholders Pursuant to Section 5.0 Exhibit A
Distribution Date: 28-May-96
( i ) Amount of principal being paid on Notes:
(a) Class A-1 Notes, CUSIP NO 149114AD2: 0.00
per $1,000 original principal amount: 0.0000000
(b) Class A-2 Notes, CUSIP NO 149114AE0: 17,419,812.31
per $1,000 original principal amount: 99.5417846
(c) Class A-3 Notes, CUSIP NO 149114AF7: 0.00
per $1,000 original principal amount: 0.0000000
(d) Certificates, CUSIP NO 149114AG5: 725,825.51
per $1,000 original principal amount: 39.52125923
(e) Total: 18,145,637.82
(ii) Amount of interest being paid or distributed:
(a) Class A-1 Notes, CUSIP NO 149114AD2: 0.00
per $1,000 original principal amount: 0.0000000
(b) Class A-2 Notes, CUSIP NO 149114AE0: 865,851.26
per $1,000 original principal amount: 4.9477215
(c) Class A-3 Notes, CUSIP NO 149114AF7: 791,458.50
per $1,000 original principal amount: 5.2500000
(d) Certificates, CUSIP NO 149114AG5: 97,668.69
per $1,000 original principal amount: 5.31806847
(e) Total: 1,754,978.45
Page 4
(iii) Amount of prepayment premium being paid or distributed:
(a) Class A-1 Notes, CUSIP NO 149114AD2: 0.00
per $1,000 original principal amount: 0.0000000
(b) Class A-2 Notes, CUSIP NO 149114AE0: 0.00
per $1,000 original principal amount: 0.0000000
(c) Class A-3 Notes, CUSIP NO 149114AF7: 0.00
per $1,000 original principal amount: 0.0000000
(d) Certificates, CUSIP NO 149114AG5: 0.00
per $1,000 original principal amount: 0.0000000
(e) Total: 0.00
(iv) Pool Balance at end of related collection period: 321,110,677.40
(v) After giving effect to distributions on this Distribution Date:
(a) (i) outstanding principal amount of Class A-1 Note 0.00
(ii) Class A-1 Note Pool Factor: 0.00000000
(b) (i) outstanding principal amount of Class A-2 Note 152,911,583.10
(ii) Class A-2 Note Pool Factor: 0.87378047
(c) (i) outstanding principal amount of Class A-3 Note 150,754,000.00
(ii) Class A-3 Note Pool Factor: 1.00000000
(d) (i) Certificate Balance: 17,445,094.30
(ii) Certificate Pool Factor: 0.94988683
(vi) Amount of Servicing Fee paid: 282,713.60
(vii) Amount of Administration Fee paid: 500.00
(viii) Aggregate Purchase Amounts for Collection Period: 1,312,751.43
(ix) Aggregate Amount of Realized Losses (1,918.22)
(x) Specified Reserve Account Balance at end of
related collection period: 15,252,757.18
Page 5
Caterpillar Financial Asset Trust, 1995-A Exhibit 99.2
Statement for Noteholders pursuant to Section 5.06(a) Exhibit B
Distribution Date: 28-May-96
( i ) Amount of principal being paid on Notes:
(a) Class A-1 Notes, CUSIP NO 149114AD2: 0.00
per $1,000 original principal amount: 0.00000000
(b) Class A-2 Notes, CUSIP NO 149114AE0: 17,419,812.31
per $1,000 original principal amount: 99.54178461
(c) Class A-3 Notes, CUSIP NO 149114AF7: 0.00
per $1,000 original principal amount: 0.00000000
(d) Total: 17,419,812.31
(ii) Amount of interest being paid or distributed:
(a) Class A-1 Notes, CUSIP NO 149114AD2: 0.00
per $1,000 original principal amount: 0.00000000
(b) Class A-2 Notes, CUSIP NO 149114AE0 865,851.26
per $1,000 original principal amount: 4.94772149
(c) Class A-3 Notes, CUSIP NO 149114AF7: 791,458.50
per $1,000 original principal amount: 5.25000000
(d) Total: 1,657,309.76
(iii) Amount of prepayment premium being paid or distributed:
(a) Class A-1 Notes, CUSIP NO 149114AD2: 0.00
per $1,000 original principal amount: 0.00000000
(b) Class A-2 Notes, CUSIP NO 149114AE0 0.00
per $1,000 original principal amount: 0.00000000
Page 6
(c) Class A-3 Notes, CUSIP NO 149114AF7: 0.00
per $1,000 original principal amount: 0.00000000
(d) Total: 0.00
(iv) Pool Balance at end of related collection period: 321,110,677.40
(v) After giving effect to distributions on this Distribution Date:
(a) (i) outstanding principal amount of Class A-1 Note 0.00
(ii) Class A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of Class A-2 Note 152,911,583.10
(ii) Class A-2 Note Pool Factor: 0.8737805
(c) (i) outstanding principal amount of Class A-3 Note 150,754,000.00
(ii) Class A-3 Note Pool Factor: 1.0000000
(d) (i) Certificate Balance: 17,445,094.30
(ii) Certificate Pool Factor: 0.9498868
(vi) Amount of Servicing Fee paid: 282,713.60
(vii) Amount of Administration Fee paid: 500.00
(viii) Aggregate Purchase Amounts for Collection Period: 1,312,751.43
(ix) Aggregate Amount of Realized Losses (1,918.22)
(x) Specified Reserve Account Balance at end of
related collection period: 15,252,757.18
Page 7
Caterpillar Financial Asset Trust, 1995-A Exhibit 99.3
$115,000,000 Class A-1 5.85% Asset Backed Notes (CUSIP NO 149114AD2)
$175,000,000 Class A-2 6.10% Asset Backed Notes (CUSIP NO 149114AE0)
$150,754,000 Class A-3 6.30% Asset Backed Notes (CUSIP NO 149114AF7)
$18,365,445 6.45% Asset Backed Certificates (CUSIP NO 149114AG5)
Servicing Certificate/Statement to Noteholders and Certificateholders
Distribution Date 28-May-96
Collection Period Month Begin 01-Apr-96
Collection Period Month End 30-Apr-96
Original Pool Balance 459,119,445.00
Beginning Pool Balance 339,256,315.22
Ending Pool Balance 321,110,677.40
Total Interest Collections 2,435,357.91
Total Principal Collections 16,699,495.61
Warranty Repurchases:
Contracts deferred beyond A-3 maturity date 0.00
Administrative Repurchases 1,312,751.43
Liquidation Proceeds 135,309.00
Reinvestment Income 75,823.19
TOTAL COLLECTIONS FOR THE COLLECTION PERIOD 20,658,737.14
Miscellaneous Data
Aggregate Scheduled Amounts 31 - 60 days past due 4,441,223.41
Aggregate Scheduled Amounts 61 days or more past due 9,539,896.70
Net Losses on Liquidated Receivables This Period (1,918.22)
Number of Loans at Beginning of Period 5,380
Number of Loans at End of Period 5,267
Repossessed Equipment not Sold or Reassigned (Beginn.) 1,325,807.32
Repossessed Equipment not Sold or Reassigned (End) 1,797,756.91
Calculation of Distributable Amounts
Original Class A-1 Principal Balance 115,000,000.00
Class A-1 Note Beginning Principal Balance 0.00
Class A-1 Noteholders' Principal Carryover Shortfall 0.00
Page 8
A-1 Noteholders' share of the Principal Distribution Amount 100.00%
Class A-1 Noteholders' Principal Distributable Amount 0.00
Original Class A-2 Principal Balance 175,000,000.00
Class A-2 Note Beginning Principal Balance 170,331,395.41
A-2 Noteholders' Percentage 96.00%
Class A-2 Noteholders' Principal Carryover Shortfall 0.00
A-2 Noteholders' share of Principal Distribution Amount 96.00%
Class A-2 Noteholders' Principal Distributable Amount 17,419,812.31
Original Class A-3 Principal Balance 150,754,000.00
Class A-3 Note Beginning Principal Balance 150,754,000.00
A-3 Noteholders' Percentage 96.00%
Class A-3 Noteholders' Principal Carryover Shortfall 0.00
A-3 Noteholders' share of Principal Distribution Amount 96.00%
Class A-3 Noteholders' Principal Distributable Amount 0.00
Original Certificate Principal Balance 18,365,445.00
Certificate Beginning Principal Balance 18,170,919.81
Certificateholders' Principal Carryover Shortfall 0.00
Certificateholders' Principal Distributable Amount 725,825.51
Total Beginning Principal Balance of Notes and Certifica 339,256,315.22
Allocation of Total Distribution Amount (TDA)
Interest Distribution Amount (IDA) 2,513,099.32
Principal Distribution Amount (PDA) 18,145,637.82
Total Distribution Amount (TDA) 20,658,737.14
Servicing Fee Shortfall (Beginning of Period) 0.00
Servicing Fees Accrued during this Period 282,713.60
Servicing Fees Paid this Period from TDA 282,713.60
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 20,375,523.54
A-1 Noteholders' Interest Carryover Shortfall (Beginning) 0.00
Interest Due (in Arrears) on Above Beginning Shortfall 0.00
Page 9
A-1 Noteholders' Prepayment Premium 0.00
A-1 Noteholders' Interest Distributable Amount 0.00
A-1 Noteholders' Interest Paid this Period from TDA 0.00
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' Prepayment Premium 0.00
A-2 Noteholders' Interest Distributable Amount 865,851.26
A-2 Noteholders' Interest Paid this Period from TDA 865,851.26
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' Prepayment Premium 0.00
A-3 Noteholders' Interest Distributable Amount 791,458.50
A-3 Noteholders' Interest Paid this Period from TDA 791,458.50
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' Prepayment Premium 0.00
Noteholders' Interest Distributable Amount 1,657,309.76
Noteholders' Interest Paid this Period from TDA 1,657,309.76
Prelim. Noteholders' Interest Carryover Shortfall (End) 0.00
Total Distribution Amount Remaining 18,718,213.78
Class A-1 Noteholders' Principal Carryover Shortfall (Beginning) 0.00
A-1 Noteholders' Principal Distributable Amount this Period 0.00
A-1 Noteholders' Principal Paid this Period from TDA 0.00
Prelim. Class A-1 Noteholders' Principal Carryover Short 0.00
Total Distribution Amount Remaining 18,718,213.78
Class A-2 Noteholders' Principal Carryover Shortfall (Beginning) 0.00
A-2 Noteholders' Principal Distributable Amount this Per. 17,419,812.31
A-2 Noteholders' Principal Paid this Period from TDA 17,419,812.31
Prelim. Class A-2 Noteholders' Principal Carryover Short 0.00
Total Distribution Amount Remaining 1,298,401.48
Page 10
Class A-3 Noteholders' Principal Carryover Shortfall (Beginning) 0.00
A-3 Noteholders' Principal Distributable Amount this Per. 0.00
A-3 Noteholders' Principal Paid this Period from TDA 0.00
Prelim. Class A-3 Noteholders' Principal Carryover Short 0.00
Total Distribution Amount Remaining 1,298,401.48
Certificateholders' Interest Carryover Shortfall (Beginning) 0.00
Interest Due (in Arrears) on Above Beginning Shortfall 0.00
Certificateholders' Prepayment Premium 0.00
Certificateholders' Earned Interest 97,668.69
Certificateholders' Interest Paid this Period from TDA 97,668.69
Prelim. Certificateholders' Interest Carryover Shortfall 0.00
Total Distribution Amount Remaining 1,200,732.78
Certificateholders' Principal Carryover Shortfall (Beginning) 0.00
Certificateholders' Principal Distributable Amount 725,825.51
Certificateholders' Principal Paid this Period from TDA 725,825.51
Prelim. Certificateholders' Principal Carryover Shortfal 0.00
Total Distribution Amount Remaining 474,907.27
Distributions to/from Reserve Account
Reserve Account Balance at beginning of period 16,114,674.97
Deposit to Reserve Account from Excess Collections 474,907.27
Distribute from Reserve Account to Noteholders' Distr. A 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 16,589,582.24
Distribute from Reserve Account to Certificateholders' D 0.00
Adjustment to Certificateholders' Interest Carryover Short 0.00
Adjustment to Certificateholders' Principal Carryover Short 0.00
Reserve Account Balance Remaining 16,589,582.24
Page 11
Cumulative Realized Losses since 1-Aug-95 (Cut-off Date) (1,918.22)
Are Cum. Realized Losses > 2.25% of Initial Pool Balance NO
(12 x Realized Losses) + Repos at end of Collection Period 1,774,738.27
((12 x Realized Losses) + Unliq. Repos)>2.00% of Beg. Po NO
Aggregate Scheduled Amounts 60 days or more past due 9,539,896.70
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) 0.00
Class A-2 Note Principal Balance (End of Period) 152,911,583.10
Class A-3 Note Principal Balance (End of Period) 150,754,000.00
Certificate Principal Balance (End of Period) 17,445,094.30
Total Principal Balance of Notes and Certificates 321,110,677.40
Specified Reserve Account Balance 15,252,757.18
Greater of:
4.75% of Ending Pool Balance 15,252,757.18
Floor (Min. Outstanding Note and Certificate Bal. 11,477,986.13
Reserve Account Balance Remaining 16,589,582.24
Excess Reserve Account Balance 1,336,825.07
Release from Reserve Account to Seller 1,336,825.07
Release from Reserve Account to A-2 Noteholders as Princpal 0.00
Release from Reserve Account to A-3 Noteholders as Princpal 0.00
Ending Reserve Account Balance (after distributions) 15,252,757.18
Net Change in Reserve Account Balance (861,917.80)
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) 0.00
Certificateholders' Principal Carryover Shortfall (Ending) 0.00
Class A-1 Note Principal Balance (End of Period) 0.00
Class A-2 Note Principal Balance (End of Period) 152,911,583.10
Class A-3 Note Principal Balance (End of Period) 150,754,000.00
Page 12
Certificate Principal Balance (End of Period) 17,445,094.30
Total Principal Balance of Notes and Certificates 321,110,677.40
Class A-1 Note Pool Factor (End of Period) 0.0000000
Class A-2 Note Pool Factor (End of Period) 0.8737805
Class A-3 Note Pool Factor (End of Period) 1.0000000
Certificate Pool Factor (End of Period) 0.9498868
Total Notes & Certificates Pool Factor (End of Period) 0.6994055
Specified Reserve Account Balance (after distributions) 15,252,757.18
Caterpillar Financial Asset Trust, 1995-A Administrative Repurchase
28-May-96
Receivable Reference Principal Repurchase
001-0021734 115,112.07
001-0023227 103,759.08
001-0024110 157,083.34
001-0016407 88,957.41
001-0009343 28,870.26
001-0024088 5,128.24
001-0007691 88,580.96
001-0019203 292,682.11
001-0021122 54,900.27
001-0019388 43,391.92
001-0018235 57,852.23
001-0008878 15,644.44
001-5013901 1,906.95
001-0015507 202,202.00
001-0025446 9,829.92
001-0022974 46,850.23
Total Repurchases 1,312,751.43
Page 13
