8-K 1 floaug1.txt CDF FLOORPLAN RECEIVABLES, L.P. 8/31/04 8-K September 15, 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 September 15, 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.) 5595 Trillium Boulevard Hoffman Estates, Illinois 60192 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (847) 747-6800 Item 8.01. Other Events. Monthly Reporting In no-action letters issued to a variety of issuers of asset-backed securities, whose principal assets are receivables, the Division of Corporation Finance has stated that it would not raise any objection if specified information was filed monthly on Form 8-K in lieu of quarterly reports on Form 10-Q. In reliance particularly on the letter relating to ITT Floorplan Receivables, L.P. (April 25, 1994), CDF Floorplan Receivables, L.P., on behalf of itself and its co-registrant Distribution Financial Services Floorplan Master Trust, has adopted this monthly reporting procedure and is filing this and other monthly reports on Form 8-K in lieu of quarterly reports on Form 10-Q. Item 9.01. Financial Statements and Exhibits. (a) Not Applicable (b) Not Applicable (c) Exhibits. Exhibit No. Document Description 99.1 Distribution Financial Services Floorplan Master Trust Compliance/Statistical Reporting Reporting for period ending 8/31/2004 99.2 Distribution Financial Services Floorplan Master Trust Payment Date Statement Series 2000-2 Reporting for period ending 8/31/2004 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 9/15/2004 Collection Period Ending 8/31/2004 Calculation Of Pool Balance 1 Total "Office" Receivables 2,868,129,444 2 Discount Factor 0.50% 3 End of month Pool Balance 2,853,788,797 Total Trust Receivables-Delinquency 4 NSF 1-30 Office 88,551 5 SAU 1-30 Office 9,298,634 6 Total 9,387,185 7 Trust Receivables 2,868,129,444 8 .75 % of Trust Receivables 0.75% 9 Total 21,510,971 10 Amount in Excess 0 11 NSF 30+ 649,433 12 SAU 30+ 2,689,378 3,338,811 Overconcentrations 13 End of month Pool Balance 2,853,788,797

Limits Actual Excess 14 A/R Receivables 20% ~~575~~570,~~493~~757,~~280~~759 4265,~~093~~833,~~806~~798 0 15 Asset Based Receivables 20% ~~575~~570,~~493~~757,~~280~~759 ~~220~~206,~~267~~066,~~936~~734 0 16 Dealer concentration top 8 2.5% 71,~~936~~344,~~660~~720 8683,~~849~~784,~~790~~360 1412,~~913~~439,13640 17 Dealer concentration Other 2% 57,~~549~~075,~~328~~776 3129,~~480~~441,~~895~~670 0 18 Manufacturer Concentration Top 3 15% ~~431~~428,~~619~~068,~~960~~320 ~~300~~288,~~320~~946,~~462~~391 0 19 Manufacturer Concentration Other 10% ~~287~~285,~~746~~378,~~640~~880 9790,~~836~~315,~~383~~277 0 20 Product Line Concentration: 21 CE & Appl 25% ~~719~~713,~~366~~447,~~601~~199 ~~100~~97,~~474~~910,~~890~~936 0 22 MIS 25% ~~719~~713,~~366~~447,~~601~~199 318,~~548~~581,~~280~~502 0 23 Motorcycle 25% ~~719~~713,~~366~~447,~~601~~199 ~~394~~383,867,~~568~~577 0 24 Marine 35% 1998,~~007~~826,~~113,241~~079 ~~608~~598,~~083~~513,~~160~~658 0 25 RV 35% 1998,~~007~~826,~~113,241~~079 ~~876~~883,~~195~~237,~~652~~939 0 26 Music 25% ~~719~~713,~~366~~447,~~601~~199 57,~~677~~160,~~012~~632 0 27 Industrial Equipment 25% ~~719~~713,~~366~~447,~~601~~199 ~~143~~131,~~440~~146,~~976~~610 0 28 A/R 25% ~~719~~713,~~366~~447,~~601~~199 ~~262~~271,~~361~~900,~~741~~532 0 29 Snowmobiles 25% ~~719~~713,~~366~~447,~~601~~199 0 0 30 Other 25% ~~719~~713,~~366~~447,~~601~~199 ~~130~~125,~~276~~810,~~752~~059 0 31 Delayed Funding Receivables ~~261~~285,~~454~~602,~~491~~904 56/3130/2004 67/3031/2004 78/31/2004 Average 32 Charge Offs to Receivables (Annualized) -0.07% -0.0732% 0.3207% 0.0611% 33 Payment Rate ~~38.26%~~ 44.06% 44.47% 4245.2661% 44.71% Net Receivable Rate - Current Month 34 Interest 5.3132% 35 Discount 2.6774% 36 Total 78.9806% 37 Less Servicing -2.00% 38 Remaining 56.9806%

EX-2 CDF Floorplan Receivables, L.P. Distribution Financial Services Floorplan Master Trust Distribution Date Statement Report Date 08/31/04 Collection Period 08/01/04 08/31/04 Determination Date 09/13/04 Distribution Date 09/15/04

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 0607/3031/04 32,~~008~~891,~~905~~926,~~477~~033 2 Plus: Account Additions 0708/01/04 - 3 Beginning of month Principal Receivables 0708/01/04 32,~~008~~891,~~905~~926,~~477~~033 4 Discount Factor 0.50% Beginning of month Pool 5 Balance 0708/01/04 2,~~993~~877,~~860~~466,~~950~~402 6 Beginning of month Dealer Overconcentrations 0708/01/04 2114,~~786~~913,~~014~~130 Beginning of month 7 Unconcentrated Pool Balance 0708/01/04 2,~~972~~862,~~074~~553,~~936~~272 8 End of month Principal Receivables 0708/31/04 2,~~891~~868,~~926~~129,~~033~~444 9 Discount Factor 0.50% 10End of mo Pool Balance 0708/31/04 2,~~877~~853,~~466~~788,~~402~~797 11End of month Dealer Overconcentrations 0708/31/04 1412,~~913~~439,~~130~~640 12End of month Unconcentrated Pool Balance 0708/31/04 2,~~862~~841,~~553~~349,~~272~~157 13Overconcentrated % 0708/31/04 0.5244% 14Unconcentrated % 0708/31/04 99.4856% Certificates 15Beginning of month/closing date Invested Amount 0708/01/04 2114,~~786~~913,~~014~~130 500,000,000 477,500,000 15,000,000 7,500,000 16Allocation Percentage 0708/01/04 0.6754% 1517.3799% 1417.6818% 0.4654% 0.2327% 17End of month Invested Amount 0708/31/04 1412,~~913~~439,~~130~~640 500,000,000 477,500,000 15,000,000 7,500,000 18Principal Payments Outstanding Principal 0809/1613/04 - - - - - 19Balance 0809/1615/04 1412,~~913~~439,~~130~~640 500,000,000 477,500,000 15,000,000 7,500,000 20Pool Factor 0809/1615/04 1.00000 1.00000 1.00000 Excess Funding Account 21End of month balance 0708/1516/04 - 22Determination Date Deposit 0809/1615/04 - Distribution Date 23Disbursement 0809/1615/04 - Excess Funding Account 24Balance 0809/1615/04 - Reserve Fund 25Required Amount 0809/1615/04 17,500,000 26Beginning Balance 0708/1516/04 17,500,000 27Deposits 0708/1516/04 0809/1615/04 1619,~~525~~423 28Disbursements 0708/1516/04 0809/1615/04 1619,~~525~~423 29Ending Balance 0809/1615/04 17,500,000 Collections 30Principal Allocation Percentage 0708/31/04 0.5043% 1617.8247% 16.0768% 0.5052% 0.2526% 31Floating Allocation Percentage 0708/31/04 0.5043% 1617.8247% 16.0768% 0.5052% 0.2526% 32Principal Collections 0708/01/04 0708/31/04 1,~~337~~319,~~933~~129,~~117~~283 ~~257~~211,~~366~~120 33Nonprincipal ~~Collectio07~~Collectio08/01/04 0708/31/04 20,~~028~~116,~~601~~309 1,~~287~~053 34Total Collections 0708/01/04 0708/31/04 1,~~357~~339,~~961~~245,~~718~~592 ~~258~~212,~~653~~173 Defaults 35Defaulted Amount 0708/01/04 0708/31/04 ~~772~~160,~~125~~365 36Investor Default ~~Amoun07~~Amoun08/01/04 0708/31/04 - ~~129~~28,~~896~~010 ~~124~~26,~~051~~750 ~~3,897~~840 ~~1,948~~420 Interest 37Monthly Interest 0809/1615/04 - ~~733~~779,~~377~~209 ~~691~~736,~~844~~146 2526,~~333~~500 16,~~200~~563 38Interest Shortfall 0809/1615/04 - - - - - 39Additional Interest 0809/1615/04 - - - - - 40Total 0809/1615/04 - ~~733~~779,~~377~~209 ~~691~~736,~~844~~146 2526,~~333~~500 16,~~200~~563 Servicing Fee 41Certificate Balance for Servicing Fee determination 078/01/042004 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 0708/01/04 0708/31/04 833,333 795,833 25,000 12,500 44Remaining Servicing Fee 0809/1615/04 833,333 795,833 25,000 12,500 Excess Servicing 45Nonprincipal ~~Collectio07~~Collectio08/01/04 0708/31/04 20,~~028~~116,~~601~~309 1,~~287~~053 46Servicer Advance Less Reimbursement of Servicer Advance 0708/01/04 0708/31/04 ~~996~~1,~~493~~055,899 47Floating Allocation Percentage 0.5043% 1617.8247% 16.0768% 0.5052% 0.2526% 48Investor Nonprincipal Collections 0708/01/04 0708/31/04 1,~~287~~053 3,~~369~~513,~~464~~701 3,~~217~~355,~~838~~584 ~~101~~105,~~084~~411 5052,~~542~~706 49Investor portion of Servicer Advance Less Reimbursement 0708/01/04 0708/31/04 - ~~167~~184,~~643~~433 ~~160~~176,~~099~~134 5,~~029~~533 2,~~515~~766 50Plus: Investment ~~Proc07~~Proc08/01/04 0708/31/04 - 1822,~~904~~277 51Less: 52Monthly Interest 0809/1615/04 - ~~733~~779,~~377~~209 ~~691~~736,~~844~~146 2526,~~333~~500 16,~~200~~563 53Prior Monthly Interest 0809/1615/04 - - - - - 54Additional Interest 0809/1615/04 - - - - - 55Reserve Fund Deposit 0809/1615/04 - - - - - 56Default Amount 0708/01/04 0708/31/04 - ~~129~~28,~~896~~010 ~~124~~26,~~051~~750 ~~3,897~~840 ~~1,948~~420 57Charge-Offs 0708/01/04 0708/31/04 - - - - - 58Monthly Servicing Fee 0809/1615/04 - 833,333 795,833 25,000 12,500 59Carry-over Amount 0809/1615/04 - - - - - 60Carry-over Amount Additional Interest 0809/1615/04 - - - - - 61Yield Supplement Dep. 0809/1615/04 - - 62Balance: Excess ~~Servi07~~Servi08/01/04 0708/31/04 1,~~287~~053.00 12,~~859~~079,~~405~~859.00 Collection Account 63Beginning Balance 0708/1516/04 - 64Deposits 0708/1516/04 0809/1615/04 ~~901~~963,~~020~~642 65Disbursements 0708/1516/04 0809/1615/04 ~~901~~963,~~020~~642 66Ending Balance 0809/1615/04 - Interest Funding Account 67Beginning Balance 0708/1516/04 - 68Deposits 0708/1516/04 0809/1615/04 ~~733~~779,~~396~~288 69Disbursements 0708/1516/04 0809/1615/04 ~~733~~779,~~396~~288 70Ending Balance 0809/1615/04 - Principal Funding Account 71Beginning Balance 0708/1516/04 - 72Deposits 0708/1516/04 0809/1615/04 - 73Disbursements 0708/1516/04 0809/1615/04 - 74Ending Balance 0809/1615/04 - Yield Supplement Account 75Required Amount 0809/1615/04 2,500,000 76Beginning balance 0708/1516/04 2,500,000 77Deposit 0708/1516/04 0809/1615/04 2,~~361~~775 78Disbursements 0708/1516/04 0809/1615/04 2,~~361~~775 79Ending balance 0809/1615/04 2,500,000 80Total Amount Distributed 0809/1615/04 ~~733~~779,~~377~~209 Interest Rate for the Next Period 81One-month LIBOR 89/1615/04 0910/15/04 1.~~60000~~76000% 82Net Receivables Rate 0708/31/04 56.~~98205~~06298%

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