8-K 1 floapr.txt CDF FLOORPLAN RECEIVABLES LP 4/30/04 8-K May 17, 2004 Securities and Exchange Commission 450 Fifth Street, N.W. Judiciary Plaza Washington, D.C. 20549 Re: Form 8-K CDF Floorplan Receivables, L.P. Registration Nos. 333-74457 and 333-74457-01 On behalf of CDF Floorplan Receivables, L.P., a Delaware Limited Partnership ("Registrant"), I am transmitting herewith for filing, pursuant to the requirements of the Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System, Form 8-K. Please send either confirmation or suspense notification to e:mail address Pat.o-malley@ge.com at your earliest convenience. Sincerely, /s/ W. Steven Culp Controller 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 May 17, 2004 CDF FLOORPLAN RECEIVABLES, L.P. (Exact name of registrant as specified in its amended charter) DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST (Co-Registrant and Issuer with Respect to the Securities) Delaware 333-74457 and 333-74457-01 88-0355652 (State or other jurisdiction (Commission (IRS Employer of incorporation File Numbers) identification No.) 655 Maryville Centre Drive St. Louis, Missouri 63141 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (314) 523-3000 Item 5. Other Events. Copies of the monthly Certificateholders' Statement is being filed as Exhibits 1 to this Current Report on Form 8-K. Item 7.(c) Exhibits. Exhibit Description EX-1 Distribution Financial Services Floorplan Master Trust Compliance/Statistical Reporting Reporting for period ending 4/30/2004 EX-2 Distribution Financial Services Floorplan Master Trust Distribution Date Statement Series 2000-2 Reporting for period ending 4/30/2004 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 hereunto duly authorized. CDF FLOORPLAN RECEIVABLES, L.P., on behalf of itself, as Registrant By: CDF Floorplan Receivables, Inc., its General Partner By: /s/ W. Steven Culp Title: Controller CDF FLOORPLAN RECEIVABLES, L.P. on behalf of Distribution Financial Services Floorplan Master Trust, as Co-Registant By: /s/ W. Steven Culp Title: Controller EX-1 Distribution Financial Services Floorplan Master Trust Compliance/Statistical Reporting Distribution Date 5/17/2004 Collection Period Ending 4/30/2004 Calculation Of Pool Balance 1 Total "Office" Receivables 3,324,704,549 2 Discount Factor 0.50% 3 End of month Pool Balance 3,308,081,026 Total Trust Receivables-Delinquency 4 NSF 1-30 Office 48,894 5 SAU 1-30 Office 15,666,045 6 Total 15,714,939 7 Trust Receivables 3,324,704,549 8 .75 % of Trust Receivables 0.75% 9 Total 24,935,284 10 Amount in Excess 0 11 NSF 30+ 753,153 12 SAU 30+ 2,772,252 3,525,405 Overconcentrations 13 End of month Pool Balance 3,308,081,026 Limits Actual Excess 14 A/R Receivables 20% 661,616,205 15,221,817 0 15 Asset Based Receivables 20% 661,616,205 245,718,851 0 16 Dealer concentration top 8 2.5% 82,702,026 85,632,498 2,930,472 17 Dealer concentration Other 2% 66,161,621 28,713,508 0 18 Manufacturer Concentration Top 3 15% 496,212,154 433,831,070 0 19 Manufacturer Concentration Other 10% 330,808,103 105,946,792 0 20 Product Line Concentration: 21 CE & Appl 25% 827,020,257 93,184,279 0 22 MIS 25% 827,020,257 279,367,833 0 23 Motorcycle 25% 827,020,257 547,097,797 0 24 Marine 35% 1,157,828,359 821,179,693 0 25 RV 35% 1,157,828,359 998,737,856 0 26 Music 25% 827,020,257 60,000,048 0 27 Industrial Equipment 25% 827,020,257 127,873,927 0 28 A/R 25% 827,020,257 260,940,668 0 29 Snowmobiles 25% 827,020,257 0 0 30 Other 25% 827,020,257 136,322,448 0 31 Delayed Funding Receivables 245,509,595 2/29/2004 3/31/2004 4/30/2004 Average 32 Charge Offs to Receivables (Annualized) 0.07% 0.28% 0.04% 0.13% 33 Payment Rate 30.15% 39.85% 39.89% 36.63% Net Receivable Rate - Current Month 34 Interest 5.32% 35 Discount 2.39% 36 Total 7.71% 37 Less Servicing -2.00% 38 Remaining 5.71%

EX-2 CDF Floorplan Receivables, L.P. Distribution Financial Services Floorplan Master Trust Distribution Date Statement Report Date 04/30/04 Collection Period 04/01/04 04/30/04 Determination Date 05/13/04 Distribution Date 05/17/04

~~Limits~~Dealer ~~Actual~~Over- ~~Excess~~Series 14Series Series Series Total Concentration 2000-2 2000-2 2000-2 2000-2 Date Trust Series Total Class A/R Class B Class C Pool Balance 1 Beginning of Month Receivables ~~20%~~03/31/04 ~~674~~3,~~415~~389,~~085 21~~020,~~326,375~~526 02 15Plus: ~~Asset~~Account ~~Based~~Additions 04/01/04 - 3 Beginning of month Principal Receivables ~~20%~~04/01/04 ~~674~~3,~~415~~389,~~085~~020,526 ~~245~~4 Discount Factor 0.50% Beginning of month Pool 5 Balance 04/01/04 3,~~338~~372,~~998~~075,424 06 16Beginning of month Dealer ~~concentration~~Overconcentrations ~~top~~04/01/04 8- ~~2.5%~~Beginning 84of month 7 Unconcentrated Pool Balance 04/01/04 3,~~301~~372,~~886~~075,424 778 End of month Principal Receivables 04/30/04 3,~~763~~324,~~520~~704,549 9 Discount Factor 0.50% 1710End ~~Dealer~~of ~~concentration~~mo ~~Other~~Pool 2%Balance 6704/30/04 3,~~441~~308,~~508~~081,026 2711End of month Dealer Overconcentrations 04/30/04 2,~~578~~930,~~820~~472 012End 18of ~~Manufacturer~~month ~~Concentration~~Unconcentrated ~~Top~~Pool Balance 04/30/04 3,305,150,554 1513Overconcentrated % ~~505~~04/30/04 0.09% 14Unconcentrated % 04/30/04 99.91% Certificates 15Beginning of month/closing date Invested Amount 04/01/04 - 500,~~811~~000,~~314~~000 ~~440~~477,~~586~~500,~~635~~000 15,000,000 7,500,000 16Allocation Percentage 04/01/04 0.00% 19.23% ~~Manufacturer~~18.37% ~~Concentration~~0.58% ~~Other 10~~0.29% ~~337~~17End of month Invested Amount 04/30/04 2,~~207~~930,~~542~~472 ~~105~~500,~~985~~000,~~806~~000 0477,500,000 2015,000,000 ~~Product~~7,500,000 ~~Line~~18Principal ~~Concentration:~~Payments 21Outstanding CEPrincipal &05/13/04 ~~Appl~~- ~~25%~~- ~~843~~- - - 19Balance 05/17/04 2,~~018~~930,~~856~~472 80500,~~465~~000,~~391~~000 0477,500,000 2215,000,000 ~~MIS~~7,500,000 ~~25%~~20Pool ~~843~~Factor 05/17/04 1.00000 1.00000 1.00000 Excess Funding Account 21End of month balance 04/15/04 - 22Determination Date Deposit 05/17/04 - Distribution Date 23Disbursement 05/17/04 - Excess Funding Account 24Balance 05/17/04 - Reserve Fund 25Required Amount 05/17/04 17,~~018~~500,~~856~~000 ~~246~~26Beginning Balance 04/15/04 17,~~468~~500,~~473~~000 027Deposits 2304/15/04 ~~Motorcycle~~05/17/04 ~~25%~~13,371 ~~843~~28Disbursements 04/15/04 05/17/04 13,~~018,856~~371 ~~553~~29Ending Balance 05/17/04 17,~~856~~500,~~776~~000 Collections 30Principal Allocation Percentage 04/30/04 0.09% 2414.83% ~~Marine~~14.16% 350.44% 0.22% 31Floating Allocation Percentage 04/30/04 0.09% 14.83% 14.16% 0.44% 0.22% 32Principal Collections 04/01/04 04/30/04 1,~~180~~351,~~226~~851,~~398~~542 ~~887~~27,~~765~~425 33Nonprincipal Collectio04/01/04 04/30/04 21,~~178~~549,476 0137 2534Total RVCollections ~~35%~~04/01/04 04/30/04 1,~~180~~373,~~226~~401,~~398~~018 127,~~034~~562 Defaults 35Defaulted Amount 04/01/04 04/30/04 107,~~062~~347 36Investor Default Amoun04/01/04 04/30/04 - 15,~~880~~918 015,201 26478 ~~Music~~239 ~~25%~~Interest ~~843~~37Monthly Interest 05/17/04 - 608,~~018~~933 573,~~856~~000 6221,~~974~~600 14,~~125~~333 038Interest 27Shortfall ~~Industrial~~05/17/04 ~~Equipment~~- ~~25%~~- ~~843~~- - - 39Additional Interest 05/17/04 - - - - - 40Total 05/17/04 - 608,~~018~~933 573,~~856~~000 ~~125~~21,~~133~~600 14,~~075~~333 0Servicing 28Fee A41Certificate Balance for Servicing Fee determination 04/R01/04 ~~25%~~500,000,000 ~~843~~477,~~018~~500,~~856~~000 ~~266~~15,~~665~~000,~~374~~000 07,500,000 2942Servicing ~~Snowmobiles~~Fee 25Rate 2.00% ~~843,018,856~~2.00% 02.00% 02.00% 3043Servicing ~~Other~~Fee ~~25%~~04/01/04 ~~843~~04/30/04 833,~~018~~333 795,~~856~~833 ~~131~~25,~~629~~000 12,~~255~~500 044Remaining 31Servicing ~~Delayed~~Fee ~~Funding~~05/17/04 ~~Receivables~~833,333 ~~299~~795,~~630~~833 25,~~842~~000 ~~1/31/2004~~12,500 2Excess Servicing 45Nonprincipal Collectio04/2901/~~2004~~04 304/3130/~~2004~~04 ~~Average~~21,549,476 32137 ~~Charge~~46Servicer ~~Offs~~Advance toLess ~~Receivables~~Reimbursement ~~(Annualized)~~of Servicer Advance 04/01/04 04/30/04 942,488 47Floating Allocation Percentage 0.0809% 014.0783% 14.16% 0.2844% 0.1422% 3348Investor ~~Payment~~Nonprincipal ~~Rate~~Collections ~~31.55%~~04/01/04 04/30./04 137 3,195,284 3,051,496 95,859 47,929 49Investor portion of Servicer Advance Less Reimbursement 04/01/04 04/30/04 - 139,748 133,460 4,192 2,096 50Plus: Investment Proc04/01/04 04/30/04 - 15%,296 ~~39.85%~~51Less: ~~33.85%~~52Monthly ~~Net~~Interest ~~Receivable~~05/14/04 ~~Rate~~- 608,933 573,000 21,600 14,333 53Prior Monthly Interest 05/14/04 - ~~Current~~- ~~Month~~- 34- - 54Additional Interest ~~5.27%~~05/14/04 35- ~~Discount~~- 2- - - 55Reserve Fund Deposit 05/14/04 - - - - - 56Default Amount 04/01/04 04/30/04 - 15,918 15,201 478 239 57Charge-Offs 04/01/04 04/30/04 - - - - - 58Monthly Servicing Fee 05/17/04 - 833,333 795,833 25,000 12,500 59Carry-over Amount 05/17/04 - - - - - 60Carry-over Amount Additional Interest 05/17/04 - - - - - 61Yield Supplement Dep.~~39%~~ 3605/17/04 ~~Total~~- 7- 62Balance: Excess Servi04/01/04 04/30/04 137.~~66%~~00 371,892,144.00 ~~Less~~Collection ~~Servicing~~Account 63Beginning Balance 04/15/04 - 64Deposits 04/15/04 05/17/04 748,681 65Disbursements 04/15/04 05/17/04 748,681 66Ending Balance 05/17/04 - Interest Funding Account 67Beginning Balance 04/15/04 - 68Deposits 04/15/04 05/17/04 608,948 69Disbursements 04/15/04 05/17/04 608,948 70Ending Balance 05/17/04 - Principal Funding Account 71Beginning Balance 04/15/04 - 72Deposits 04/15/04 05/17/04 - 73Disbursements 04/15/04 05/17/04 - 74Ending Balance 05/17/04 - Yield Supplement Account 75Required Amount 05/17/04 2,500,000 76Beginning balance 04/15/04 2,500,000 77Deposit 04/15/04 05/17/04 1,910 78Disbursements 04/15/04 05/17/04 1,910 79Ending balance 05/17/04 2,500,000 80Total Amount Distributed 05/17/04 608,933 Interest Rate for the Next Period 81One-month LIBOR 5/17/04 06/15/04 1.0010000% 3882Net ~~Remaining~~Receivables Rate 04/30/04 5.6671071%

Dealer Over- Series Series Series Series Total Concentration 2000-2 2000-2 2000-2 2000-2 Date Trust Series Total Class A Class B Class C Pool Balance 1 Beginning of Month Receivables 02/29/04 3,387,291,281 2 Plus: Account Additions 03/01/04 - 3 Beginning of month Principal Receivables 03/01/04 3,387,291,281 4 Discount Factor 0.50% Beginning of month Pool 5 Balance 03/01/04 3,370,354,825 6 Beginning of month Dealer Overconcentrations 03/01/04 - Beginning of month 7 Unconcentrated Pool Balance 03/01/04 3,370,354,825 8 End of month Principal Receivables 03/31/04 3,389,020,526 9 Discount Factor 0.50% 10End of mo Pool Balance 03/31/04 3,372,075,424 11End of month Dealer Overconcentrations 03/31/04 - 12End of month Unconcentrated Pool Balance 03/31/04 3,372,075,424 13Overconcentrated % 03/31/04 0.00% 14Unconcentrated % 03/31/04 100.00% Certificates 15Beginning of month/closing date Invested Amount 03/01/04 - 500,000,000 477,500,000 15,000,000 7,500,000 16Allocation Percentage 03/01/04 0.00% 19.23% 18.37% 0.58% 0.29% 17End of month Invested Amount 03/31/04 - 500,000,000 477,500,000 15,000,000 7,500,000 18Principal Payments Outstanding Principal 04/14/04 - - - - - 19Balance 04/15/04 - 500,000,000 477,500,000 15,000,000 7,500,000 20Pool Factor 04/15/04 1.00000 1.00000 1.00000 Excess Funding Account 21End of month balance 03/17/04 - 22Determination Date Deposit 04/15/04 - Distribution Date 23Disbursement 04/15/04 - Excess Funding Account 24Balance 04/15/04 - Reserve Fund 25Required Amount 04/15/04 17,500,000 26Beginning Balance 03/17/04 17,500,000 27Deposits 03/17/04 04/15/04 14,059 28Disbursements 03/17/04 04/15/04 14,059 29Ending Balance 04/15/04 17,500,000 Collections 30Principal Allocation Percentage 03/31/04 0.00% 14.84% 14.17% 0.45% 0.22% 31Floating Allocation Percentage 03/31/04 0.00% 14.84% 14.17% 0.45% 0.22% 32Principal Collections 03/01/04 03/31/04 1,349,999,338 - 33Nonprincipal Collectio03/01/04 03/31/04 21,707,160 - 34Total Collections 03/01/04 03/31/04 1,371,706,498 - Defaults 35Defaulted Amount 03/01/04 03/31/04 798,603 36Investor Default Amoun03/01/04 03/31/04 - 118,474 113,143 3,554 1,777 Interest 37Monthly Interest 04/15/04 - 585,599 550,982 20,796 13,821 38Interest Shortfall 04/15/04 - - - - - 39Additional Interest 04/15/04 - - - - - 40Total 04/15/04 - 585,599 550,982 20,796 13,821 Servicing Fee 41Certificate Balance for Servicing Fee determination 03/01/04 500,000,000 477,500,000 15,000,000 7,500,000 42Servicing Fee Rate 2.00% 2.00% 2.00% 2.00% 43Servicing Fee 03/01/04 03/31/04 833,333 795,833 25,000 12,500 44Remaining Servicing Fee 04/15/04 833,333 795,833 25,000 12,500 Excess Servicing 45Nonprincipal Collectio03/01/04 03/31/04 21,707,160 - 46Servicer Advance Less Reimbursement of Servicer Advance 03/01/04 03/31/04 966,794 47Floating Allocation Percentage 0.00% 14.84% 14.17% 0.45% 0.22% 48Investor Nonprincipal Collections 03/01/04 03/31/04 - 3,220,308 3,075,394 96,609 48,305 49Investor portion of Servicer Advance Less Reimbursement 03/01/04 03/31/04 - 143,426 136,972 4,303 2,151 50Plus: Investment Proc03/01/04 03/31/04 - 16,107 51Less: 52Monthly Interest 04/15/04 - 585,599 550,982 20,796 13,821 53Prior Monthly Interest 04/15/04 - - - - - 54Additional Interest 04/15/04 - - - - - 55Reserve Fund Deposit 04/15/04 - - - - - 56Default Amount 03/01/04 03/31/04 - 118,474 113,143 3,554 1,777 57Charge-Offs 03/01/04 03/31/04 - - - - - 58Monthly Servicing Fee 04/15/04 - 833,333 795,833 25,000 12,500 59Carry-over Amount 04/15/04 - - - - - 60Carry-over Amount Additional Interest 04/15/04 - - - - - 61Yield Supplement Dep. 04/15/04 - - 62Balance: Excess Servi03/01/04 03/31/04 - 1,842,435.00 Collection Account 63Beginning Balance 03/17/04 - 64Deposits 03/17/04 04/15/04 729,025 65Disbursements 03/17/04 04/15/04 729,025 66Ending Balance 04/15/04 - Interest Funding Account 67Beginning Balance 03/17/04 - 68Deposits 03/17/04 04/15/04 585,639 69Disbursements 03/17/04 04/15/04 585,639 70Ending Balance 04/15/04 - Principal Funding Account 71Beginning Balance 03/17/04 - 72Deposits 03/17/04 04/15/04 - 73Disbursements 03/17/04 04/15/04 - 74Ending Balance 04/15/04 - Yield Supplement Account 75Required Amount 04/15/04 2,500,000 76Beginning balance 03/17/04 2,500,000 77Deposit 03/17/04 04/15/04 2,008 78Disbursements 03/17/04 04/15/04 2,008 79Ending balance 04/15/04 2,500,000 80Total Amount Distributed 04/15/04 585,599 Interest Rate for the Next Period 81One-month LIBOR 4/15/04 05/17/04 1.10000% 82Net Receivables Rate 03/31/04 5.66466%

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