SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2000
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from to
Commission file number 33-49560
EXPORT FUNDING CORPORATION,
on behalf of EXPORT FUNDING TRUST, SERIES 1994-A, and 1995-A
(Exact name of registrant as specified in its charter)
Delaware 56-1782848
(State of Incorporation) (I.R.S. employer identification no.)
Bank of America Corporate Center
100 N. Tryon Street
Charlotte, North Carolina 28255
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (704) 386-8952
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(c) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No ___
Part I
Item 2. Properties.
The property of the Export Funding Trust, Series 1994-A consists of the
following promissory notes:
The Company established the Export Funding Trust, Series 1994-A (the "Trust") as
of October 18,1994 by selling and assigning to Bankers Trust Company, as Trustee
(the "Trustee") pursuant to the Pooling and Servicing Agreement and Standard
Terms and Conditions of Agreement dated as of October 18, 1994, among the
Company, as Depositor, Bank of America, N.A. (formerly NationsBank of Texas,
N.A.), as Servicer, and the Trustee, certain property, consisting primarily of
three promissory notes issued by Bancomer, S.A., Banco Nacional de Mexico,
S.A., and Banca Serfin, S.A. (collectively the "Obligors") in the aggregate
principal amount of $37,955,000 (the "Notes"),in exchange for certificates
representing fractional undivided interests in the Trust (the "Certificates")
consisting of $37,955,000 aggregate principal amount of 7.89% Pass-Through
Certificates,Class A (representing in the aggregate a 100% interest in the
Trust). Payments on the Notes are guaranteed by the Export-Import Bank of the
United States,as to payment of 100% of all amounts of principal and interest
due thereon.
The Company purchased the notes from Bank of America, N.A. (formerly
NationsBank of Texas, N.A.) a national banking association and an
Affiliate of the Company, pursuant to an Acquisition Agreement, dated as
Of October 18, 1994 between the Company and Bank of America, N.A.
formerly NationsBank of Texas, N.A.)
As of December 31,2000, the aggregate principal amount of the Notes was
$17,079,750.00. As of December 31,2000, no delinquencies or defaults had
occurred in respect of payments due under the Notes from Obligors, and no
demands for payment related thereto had been made on the Export-Import
Bank of the United States or any other guarantor of Obligors'
obligations thereunder.
The property of the Export Funding Trust, Series 1995-A consists of the
following promissory notes:
The Company established the Export Funding Trust, Series 1995-A (the "Trust") as
of January 18, 1995 by selling and assigning to Bankers Trust Company, as
Trustee (the "Trustee") pursuant to the Pooling and Servicing Agreement dated as
of January 25, 1995 and Standard Terms and Conditions of Agreement dated as of
December 11, 1992, among the Company, as Depositor, Bank of America, N.A.
(formerly NationsBank, N.A.), as Servicer, and the Trustee, certain property,
consisting primarily of six promissory notes issued by SZ94B in the
aggregate principal amount of $181,103,093.17 (the "Notes"), in exchange for
certificates representing fractional undivided interests in the Trust (the
"Certificates") consisting of $181,103,093.17 aggregate principal amount of
8.21% Pass-Through Certificates, (representing in the aggregate a 100%
interest in the Trust). Payments on the Notes are guaranteed by the Export-
Import Bank of the United States, as to payment of 100% of all amounts of
principal and interest due thereon.
The Company purchased the notes from Bank of America, N.A. (formerly
NationsBank, N.A.), a national banking association and an affiliate of the
Company, pursuant to an Acquisition Agreement, dated as of January 18, 1995
between the Company and Bank of America, N.A. (formerly NationsBank, N.A.).
As of December 31, 2000, the aggregate principal amount of the Notes was
$111,356,073.73. As of December 31, 2000, no delinquencies or defaults had
occurred in respect of payments due under the Notes from SZ94B, and no demands
for payment related thereto had been made on the Export-Import Bank of the
United States or any other guarantor of SZ94B's obligations thereunder.
Item 3. Legal Proceedings.
Nothing to report.
Item 4. Submission of Matters to a Vote of Security Holders.
Nothing to report.
Part II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
Export Funding Trust, Series 1994-A
There was 17 Class A Certificateholders on December 31, 2000. There is no
established public trading market for the Certificates.
Export Funding Trust, Series 1995-A
There was 8 Class A Certificateholders on December 31, 2000. There is no
established public trading market for the Certificates.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
Nothing to report.
Part III
Item 12. Security Ownership of Certain Beneficial Owners and Management, Series
1994-A
(3) Amount and
nature of
(2) Name and Address beneficial
(1) Title of beneficial ownership (4) Percent
of owner* (in of
Class thousands) Class
7.89% Pass- Northern Trust $6,155 16.2%
Through Company
Certificates 801 S. Canal C-In
Class A Chicago, IL 60607
Citibank, N.A. $5,000 13.2%
Citicorp Center Tampa
Tampa, FL 33610-9122
Compass Bank - ALFA $5,000 13.2%
15 South 20th Street
Birmingham, AL
35233
Bank One Trust $4,500 11.9%
Company
1900 Polaris Parkway
Columbus, OH 43240
Brown Brothers $3,400 9.0%
Harriman
63 Wall Street 8th
Floor
New York, NY 10005
National City Bank $2,500 6.6%
4100 West. 150th Street
Cleveland, OH 44135
SSB-Custodian $2,000 5.3%
1776 Heritage Dr.
No. Quincy, MA 02171
Salomon Smith Barney $1,300 3.4%
333 W. 34th Street
New York, NY 10001
*As of December 31, 2000
Part III
Item 12. Security Ownership of Certain Beneficial Owners and Management, Series
1995-A
(3) Amount and
nature of
(2) Name and Address beneficial
(1) Title of beneficial ownership (4) Percent
of owner* (in of
Class thousands) Class
8.21% Pass- Chase Manhattan $99,250 54.8%
Through Bank
Certificates, Four New York Plaza
Class A 13th Floor
New York, NY 10004
Boston Safe Deposit $30,008 16.6%
and Trust
Three Mellon Bank Center.
Pittsburgh, PA 15259
SSB Custodian $29,492 16.3%
1776 Heritage DR.
No. Quincy, MA 02171
Bankers Trust $9,500 5.3%
648 Grassmere Park Road
Nashville, TN 37211
*As of December 31, 2000
Item 13. Certain Relationships and Related Transactions.
Nothing to report.
Part IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K.
(a) Exhibits
Nothing to Report
(b) Reports on Form 8-K.
The Company, on behalf of Export Funding Trust, Series 1994-A, filed a Current
Report on Form 8-K dated February 12,2001 regarding the semi-annual distribution
of principal and interest to holders of the Certificates for the due period
ended February 15, 2001, including the Servicer's Report for such due period
provided to Bankers Trust Company, as Trustee, filed as Exhibit 28 thereto.
The Company, on behalf of Export Funding Trust, Series 1995-A, filed a Current
Report on Form 8-K dated December 22,2000 regarding the semi-annual distribution
of principal and interest to holders of the Certificates for the due period
ended December 29,2000, including the Servicer's Report for such due period
provided to Bankers Trust Company, as Trustee, filed as Exhibit 28 thereto.
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.
EXPORT FUNDING CORPORATION
By: /s/Michael M. Maher
Name: Michael M. Maher
Title: Senior Vice President
Dated: March 30, 2001
EXHIBIT INDEX
Number Description of Page
Exhibit
Exhibit 28 Report for the due *
period ended February
15, 2001, provided
to Bankers Trust
Company, as Trustee
under the Export
Funding Trust,
Series 1994-A.
Report for the due
period ended *
December 29, 2000,
provided to Bankers
Trust Company, as
Trustee under the
Export Funding
Trust, Series 1995-
A.
__________________
* Previously Filed