-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NqshxhN9vA5geUtK+9PWkbDLGSU5t3soM58ENKVkL51CynY2ja62jIH4WOj6Kz74 1Ega/SvP+VG0Fkm8eTy2Rw== 0000822399-96-000008.txt : 19960723 0000822399-96-000008.hdr.sgml : 19960723 ACCESSION NUMBER: 0000822399-96-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960630 ITEM INFORMATION: Bankruptcy or receivership FILED AS OF DATE: 19960719 SROS: PHLX FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA NATIONAL BANK USA /PA/ CENTRAL INDEX KEY: 0000822399 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 232804492 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26610 FILM NUMBER: 96596734 BUSINESS ADDRESS: STREET 1: BRANDYWINE CORPORATE CENTER STREET 2: 650 NAAMANS RD CITY: CLAYMONT STATE: DE ZIP: 19703 BUSINESS PHONE: 3027914000 MAIL ADDRESS: STREET 1: FIVE HORSHAM BUSINES CENTER CITY: HORSHAM STATE: PA ZIP: 19044-2209 FORMER COMPANY: FORMER CONFORMED NAME: COLONIAL NATIONAL BANK USA DATE OF NAME CHANGE: 19920703 8-K 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 Date of Report (date of earliest event reported):July 5,1996 ADVANTA CREDIT CARD TRUST 1992-A (Exact name of Registrant as specified in its charter) New York Reg. No. 33-45306 Not Required (State or other (Commission File (I.R.S. Employer jurisdiction of Number) Identification incorporation) Number) Advanta National Bank USA Attention: Gene S. Schneyer Brandywine Corporate Center 650 Naamans Road Claymont, Delaware 19703 (Address of Owner/Servicer) Address of principal executive offices) (302) 791-4400 (Telephone Number of Owner/Servicer) (Registrant's Telephone Number) Items 1-4. Inapplicable. Item 5. Other Events. Information relating to the distributions to Certificateholders for the June 1996 Monthly Period of the Trust in respect of the Floating Rate Asset Backed Certificates(the "Certificates") issued by the Registrant and to the performance of the Trust (including collections of Principal Receivables and Finance Charge Receivables, Principal Receivables in the Trust, delinquent balances in Accounts, the Investor Default Amounts, the amount of Investor Charge Offs, and the Investor Servicing Fees), together with certain other information relating to the Certificates, is contained in the Monthly Report for the Monthly Period provided to Certificateholders pursuant to the Pooling and Servicing Agreement (the "Agreement") dated as of February 1, 1992 between Advanta National Bank USA and Bankers Trust Company, as trustee. Capitalized terms not otherwise defined herein have the meanings assigned in the Agreement. Item 6. Inapplicable. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. 1. Monthly Reports for the June 1996 Monthly Period relating to the Floating Rate Asset Backed Certificates issued by the Advanta Credit Card Trust 1992-A. SIGNATURE 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. ADVANTA CREDIT CARD TRUST 1992-A (Registrant)By: ADVANTA NATIONAL BANK USA (Owner/Servicer) Date: July 17, 1996 By:/s/ Michael Coco Name:Michael Coco Title:Vice President SIGNATURE 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. ADVANTA CREDIT CARD TRUST 1992-A (Registrant) By: ADVANTA NATIONAL BANK USA (Owner/Servicer) Date: July 17, 1996 By:____________________________ Name:Michael Coco Title:Vice President EXHIBIT INDEX Exhibit Sequential Page Number 5 1. Monthly Reports for the Monthly June 1996 Period relating to the Floating Rate Asset Backed Certificates issued by the Advanta Credit Card Trust 1992-A. June 1996 MONTHLY OWNER/SERVICER CERTIFICATE ADVANTA NATIONAL BANK USA _______________________________________________________ ADVANTA CREDIT CARD TRUST 1992-A _______________________________________________________ The undersigned, a duly authorized representative of Advanta National Bank USA (the "Bank"), as Owner/Servicer pursuant to the Pooling and Servicing Agreement dated as of February 1, 1992 (as amended, modified or supplemented the "Pooling and Servicing Agreement") by and between the Bank and Bankers Trust Company, as trustee (the "Trustee"), does hereby certify as follows: 1. Capitalized terms used in this Certificate have their respective meanings set forth in the Pooling and Servicing Agreement; provided that (i) the "Related Monthly Period" shall mean the Monthly Period immediately preceding the Monthly Period in which this Certificate is given and (ii) the "current Monthly Period" shall mean the Monthly Period in which this Certificate is given. 2. The Bank is Owner/Servicer under the Pooling and Servicing Agreement. 3. The undersigned is a Servicing Officer. 4. The date of this Certificate is a Determination Date under the Pooling and Servicing Agreement. 5. The aggregate amount of Collections processed during the Related Monthly Period was equal to . . . . . . . . . .$27,902,682.33 6. The aggregate amount of the Investor Percentage of Collections of Principal Receivables processed by the Owner/Servicer pursuant to Section 4.03 during the Related Monthly Period was equal to . . . . . . . . . . . . . . . $ 20,969,326.00 7. The aggregate amount of the Investor Percentage of Collections of Finance Charge Receivables (other than Recoveries) processed by the Owner/Servicer pursuant to Section 4.03 during the Related Monthly Period was equal to . . $ 388,180.00 8. The aggregate amount of the Investor Percentage of Collections of Finance Charge Receivables that constitute Recoveries on Receivables in Defaulted Accounts processed by the Owner/Servicer pursuant to Section 4.03 during the Related Monthly Period was equal to . . . . . . . . $ 9,003.00 9. The aggregate amount of Receivables (net of Receivables in Defaulted Accounts) as of the end of the last day of the Related Monthly Period was equal to . . . . . . . . . . . . . . . $ 242,818,376.04 10. The aggregate amount of funds on deposit in the Finance Charge Account with respect to Collections processed as of the end of the last day of the Related Monthly Period was equal to . . . . . . $ 438,850.00 11. The aggregate amount of funds on deposit in the Principal Account with respect to Collections processed as of the end of the last day of the Related Monthly Period was equal to . . . . . $ 16,666,666.67 12. The Carryover Controller Amor- itization Amount as of the end of the last day of the Related Monthly Period was equal to. . . . . . . . . . . . . . . . . . . . . $ 0.00 13. The Controlled Distribution Amount as of the end of the last day of the Related Monthly Period was equal to. . . . . $16,666,666.67 14. Aggregate amount of funds on deposit in Principal Account to be paid to the holder of the Seller Certificate pursuant to Section 4.03(C)(iii) was equal to. . . . . . . . . . . . . . . $ 0.00 15. The Carryover Controlled Amor- tization Amount for the next succeeding Monthly Period is equal to. . . . $ 0.00 16. The aggregate amount of drawings to be made under the Cash Collateral Guaranty required to be made pursuant to Sections 4.05(a), 4.05(b), 4.05(c) and 4.05(d) on the Drawing Date of the current Monthly Period is equal to . . . . . . . . . . . . $ 0.00 17. (a) The aggregate amount to be paid to the Cash Collateral Trustee pursuant to subsection 4.05(f) from the Finance Charge Account on the Transfer Date of the current Monthly Period is equal to . . . . . $ 46,533.00 (b) The amount in 17(a) above includes an amount in respect of interest on drawings equal to . . . . $ 0.00 18. The sum of all amounts payable to the Investor Certificateholders on the Distribution Date of the current Monthly Period is equal to . . . . . $ 16,855,555.67 19. Attached hereto is a true and correct copy of the statement required to be delivered by the Owner/Servicer on the date of this Certificate to the Paying Agent pursuant to Section 5.02. 20. To the best knowledge of the undersigned, there are no liens on any Receivables in the Trust except as described below [if ap- applicable, insert "None"]. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this certificate this 5th day of July ,1996 ADVANTA NATIONAL BANK USA as Owner/Servicer By:______________________ Title: Vice President June 1996 MONTHLY CERTIFICATEHOLDERS' STATEMENT ADVANTA NATIONAL BANK USA _______________________________________________________ ADVANTA CREDIT CARD TRUST 1992-A _______________________________________________________ Under the Pooling and Servicing Agreement dated as of February 1, 1992 by and between Advanta National Bank USA (the"Bank") and Bankers Trust Company, as trustee (the "Trustee"), the Bank, as Owner/Servicer, is required to prepare certain information each month regarding current distributions to the holders of the Certificates (the "Certificateholders") and the performance of the Advanta Credit Card Trust 1992-A (the"Trust") during the previous Monthly Period. The information which is required to be prepared with respect to the distribution of July 15,1996, (the 'Distribution Date') and with respect to the performance of the Trust during the monthly period of June ending June 30, 1996, is set forth below. Certain of the information is presented on the basis of an original principal amount of $1,000 per Certificate. Certain other information is presented based on the aggregate amounts for the Trust as a whole. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Principal Amount).________________ 1. The total amount of the distribution on the Distribution Date to Certificateholders per $1,000 original principal amount . . . $84.2778 2. The amount of the distribution set forth in paragraph 1 above in respect of principal of Certificates, per $1,000 original principal amount . . . .$83.3333 3. The amount of distribution set forth in paragraph 1 above in respect of interest in Certificates, per $1,000 original principal amount reflecting an effective interest rate of 6.80% per annum for the applicable Interest Period . . . .$0.9444 B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables The aggregate amount of cardholder payments on Principal Receivables processed during the Monthly Period which were allocated in respect of the Certificates. . . . . .$20,969,326.00 2. Collections of Finance Charge Receivables The aggregate amount of cardholder pay- ments of Finance Charge Receivables processed during the Monthly Period which were allocated in respect of the Certificates . . . . . . . .$388,180.00 The aggregate amount of Finance Charge Receivables processed during the Monthly Period that constitute Recoveries on Receivables in Defaulted Accounts which were allocated in respect of the Certif- icates . . . . . . . . . . . $9,003.00 The aggregate amount of Finance Charge Receivables processed during the Monthly Period that constitutes Interchange Fees which were allocated in respect to the Certificates . . . . . . . . .$41,667.00 3. Principal Receivables in the Trust The aggregate amount of Principal Re- ceivables in the Trust as of the end of the day on the Record Date (which re- flects the Principal Receivables repre- sented by the Seller Interest in the Trust and by the Certificates) . . .$239,567,403.77 The amount of the Principal Receivables in the Trust represented by the Certificates (the "Investor Interest") as of the Record Date . . . . . .$16,666,666.63 The percentage of aggregate Principal Receivables in the Trust represented by the Investor Interest . . . . . . . . 6.96% 4. Delinquent Balances. The aggregate amount of outstanding principal balances in the Accounts which were 30 or more days contractually delinquent as of the end of the day on the Record Date: Aggregate Account Balance 30-59 days: . . . . . . . . . . . $3,207,107.80 60-89 days: . . . . . . . . . . . $1,852,647.48 90-119 days: . . . . . . . . . . . $1,375,041.95 120-149 days: . . . . . . . . . . $793,208.41 150-179 days: . . . . . . . . . . $794,820.24 180 or more days: . . . . . . . . $192,545.16 5. Investor Default Amount The aggregate amount of all defaulted Principal Receivables written off as un- collectible during the Monthly Period allocable to the Certificates (the "Investor Default Amount"). . . .$147,872.00 6. Investor Charge Offs; Reimbursement of Charge-Offs (a) The excess of the Investor Default Amount set forth in paragraph 5 above, over the amount of the drawing under the Cash Collateral Guaranty made to reimburse the Trust for such amount written off (an "Investor Charge Off") . . . . . $0.00 (b) The amount of the Investor Charge off set forth in paragraph 6(a) above, per $1,000 original principal amount (which will have the effect of reducing, pro rata, the amount of each Certificateholder's investment) . . . . . . . . . . . . . $0.00 (c) The total amount reimbursed to the trust in the current Monthly Period from a drawing under the Cash Col- lateral Guaranty in respect of In- vestor Charge Offs in prior months . . $0.00 (d) The amount set forth in paragraph 6(c) above, per $1,000 original principal amount (which will have the effect of increasing, pro rata, the amount of each Certificate- holder's investment) . . . . . . . . $0.00 7. Investor Servicing Fee The amount of the Investor Monthly Ser- vicing Fee payable by the Trust to the Owner/Servicer for the Monthly Period is equal to . . . . . . . . . . . . . . $55,556.00 8. Cash Collateral Fee Guaranty Amount The amount available to be drawn under the Cash Collateral Guaranty as of the end of the day on the "Distribution Date", after giving effect to all draw- ings, deposits and payments to be made in respect of the preceding Monthly Period . . . . . . . . . . . . . . $6,000,000.00 9. The Pool Factor The Pool Factor (which represents the ratio of the Investor Interest on the last day of the Monthly Period to the Investor Interest as of the Closing Date). The amount of Certificatehol- der's pro rata share of the Investor Interest can be determined by multiply- ing the original denomination of the holder's Certificate by the Pool Factor. 0.08 10. The Portfolio Yield for the Monthly Period was equal to. . . . . . . . . 10.48% 11. The Carryover Control Amortization Amount, which represents the amount by which distribution of principal on the current Distribution Date is exceeded by the Controlled Distribution Amount . . 0.00 12. The Base Rate of the Monthly Period was equal to. . . . . . . . . . . . . . . 8.80% IN WITNESS WHEREOF, the undersigned has duly executed and delivered this certificate this 5th day of July ,1996 ADVANTA NATIONAL BANK USA as Owner/Servicer By:___________________________ Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----