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): May 7,1996
COLONIAL 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)
Colonial 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 April 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 Colonial National Bank
USA and Bankers Trust Company, as trustee.
Capitalized terms not otherwise defined herein
have the meanings assigned in the Agreement.
Effective May 20, 1996 Colonial National Bank USA has changed
its name to Advanta National Bank USA
Item 6. Inapplicable.
Item 7. Financial Statements, Pro Forma
Financial Information and Exhibits.
1. Monthly Reports for the April 1996 Monthly Period
relating to the Floating Rate Asset Backed Certificates
issued by the Colonial 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.
COLONIAL CREDIT CARD TRUST 1992-A
(Registrant)By:
COLONIAL NATIONAL BANK USA
(Owner/Servicer)
Date: May 20, 1996 By:/s/ John J. Calamari
Name:John J. Calamari
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.
COLONIAL CREDIT CARD TRUST 1992-A
(Registrant)
By: COLONIAL NATIONAL BANK USA
(Owner/Servicer)
Date: May 20, 1996
By:____________________________
Name:John J. Calamari
Title:Vice President
EXHIBIT INDEX
Exhibit Sequential Page Number
5
1. Monthly Reports for the Monthly April 1996
Period relating to the Floating Rate Asset Backed
Certificates issued by the Colonial Credit Card
Trust 1992-A.
MONTHLY OWNER/SERVICER CERTIFICATE
COLONIAL NATIONAL BANK USA
COLONIAL CREDIT CARD TRUST 1992-A
The undersigned, a duly authorized
representative of Colonial 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 . . . . . . $30,637,106.39
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 . . $23,152,429.00
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 . . $787,813.00
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 . . . . . . . . $14,508.00
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 . . . . . . $250,242,302.76
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 . . . . . . $885,654.00
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 Amoritization
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 Amortization
Amount for the next succeedingMonthly
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 . . . . .$121,375.00
(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 . . . . . $17,044,444.67
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 applicable, insert "None"].
IN WITNESS WHEREOF, the undersigned has
duly executed and delivered this certificate
this 7th day of May ,1996
COLONIAL NATIONAL BANK USA
as Owner/Servicer
By:______________________
Title: Vice President
MONTHLY CERTIFICATEHOLDERS' STATEMENT
COLONIAL NATIONAL BANK USA
COLONIAL CREDIT CARD TRUST 1992-A
Under the Pooling and Servicing Agreement
dated as of February 1, 1992 by and between
Colonial 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 Colonial 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
May 15,1996, (the 'Distribution Date') and with
respect to the performance of the Trust during
the monthly period of April ending April 31,
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 . . . . . . . $85.222223
2. The amount of the distribution set forth
in paragraph 1 above in respect of principal of
Certificates, per $1,000 original principal
amount . . . . $83.333333
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 . . . . $1.888890
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. . . . . . $23,152,429.00
2. Collections of Finance Charge Receivables
The aggregate amount of cardholder
payments of Finance Charge Receivables
processed during the Monthly Period which were
allocated in respect of the
Certificates . . . . . . . . $787,813.00
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 Certificates . . . . .$14,508.00
The aggregate amount of Finance Charge
Receivables processed during the Monthly Period
that constitutes Interchange Fees which were
allocated in respect to the
Certificates . . $83,333.00
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 reflects the
Principal Receivables repre sented by the
Seller Interest in the Trust and by the
Certificates) . . . $247,196,136.15
The amount of the Principal Receivables
in the Trust represented by the Certificates
(the "Investor Interest") as of the Record
Date . . . . . . $49,999,999.97
The percentage of aggregate Principal
Receivables in the Trust represented by the
Investor Interest . . . . . . . 20.23%
4. Delinquent Balances.
The aggregate amount of outstanding prin cipal
balances in the Accounts which were 30 or more
days contractually delinquent as of the end of
the day on the Record Date:
30-59 days: . . . . . . . $2,849,407.12
60-89 days: . . . . . . . $1,693,413.28
90-119 days: . . . . . . . . . $1,243,109.28
120-149 days: . . . . . . . . $1,009,298.59
150-179 days: . . . . . . .. $ 706,395.51
180 or more days: . . . . . . $ 273,853.25
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"). . . . . . . $275,390.00
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 Collateral 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 Certificateholder's
investment) . . . . . . . . $0.00
7. Investor Servicing Fee
The amount of the Investor Monthly Servicing
Fee payable by the Trust to the
Owner/Servicer for the Monthly Period
is equal to . . . . . . . . . . . $111,111.00
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 drawings, deposits and payments to be made
in respect of the preceding Monthly Period . .
. . . . . . . . . . . . . $6,500,000.00
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
Certificateholder's pro rata share of the
Investor Interest can be determined by
multiplying the original denomination
of the holder's Certificate by
the Pool Factor. .25
10. The Portfolio Yield for the Monthly Period
was equal to. . . . . . . . . 10.98%
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 7th day of May ,1996
COLONIAL NATIONAL BANK USA
as Owner/Servicer
By:___________________________
Title: Vice President