SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
For the quarterly period ended September 30, 1995
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
For the transition period from ___________ to ___________
Commission file number 0-19044
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MONEY MARKET AUTO LOAN TRUST 1990-1
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(Exact name of registrant as specified in its charter)
State of New York Not Applicable
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
27777 Franklin Road, Southfield, Michigan 48034
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (810) 948-3060
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Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) 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. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
The information to be furnished under this item is contained in the financial
statements of Money Market Auto Loan Trust 1990-1 (the "Trust") and the notes
to such financial statements filed as Exhibit 99 hereto, and such material is
incorporated herein by reference.
The unaudited financial statements of the Trust for the nine months ended
September 30, 1995 reflect all adjustments which are, in the opinion of
management, necessary to present a fair statement of the results for the
interim period.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The Trust was formed on October 29, 1990 pursuant to the Pooling and Servicing
Agreement among Chrysler Auto Receivables Company, a Delaware corporation, as
Seller (the "Seller"), Chrysler Credit Corporation, a Delaware corporation, as
Servicer (the "Servicer"), and The Fuji Bank and Trust Company, a New York
banking corporation, as Trustee.
During October 1990, the Trust acquired wholesale receivables (the
"Receivables") generated from time to time in a portfolio of revolving
financing arrangements with automobile dealers to finance their automobile and
light truck inventory, collections on the Receivables and certain other
property from the Seller and issued in exchange therefor Floating Rate
Renewable Auto Loan Asset Backed Certificates (the "Certificates") evidencing
undivided interests in certain assets of the Trust. The Servicer will continue
to service the Receivables for a fee.
The Trust has begun making principal payments on the Certificates. The first
such payment was made on July 17, 1995. The Certificates will mature on May
15, 1996.
The Seller and the Servicer are wholly-owned subsidiaries of Chrysler
Financial Corporation.
The Trust has no employees.
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PART II. OTHER INFORMATION
ITEMS 1, 2, 3, 4, and 5.
There is nothing to report with regard to these items.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) The following exhibits are filed as a part of this report:
Exhibit No.
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3-A Certificate of Incorporation of Chrysler Auto Receivables
Company. Filed as Exhibit 3.1 to Registration Statement No. 33-35295
and incorporated herein by reference.
3-B Amendment to Certificate of Incorporation of Chrysler Auto
Receivables Company. Filed as Exhibit 3.2 to Registration Statement
No. 33-35295 and incorporated herein by reference.
3-C By-laws of Chrysler Auto Receivables Company. Filed as Exhibit 3-C to
the Trust's Annual Report on Form 10-K for the year ended December
31, 1991, and incorporated herein by reference.
4-A Pooling and Servicing Agreement, dated as of October 1, 1990,
among Chrysler Auto Receivables Company, as Seller, Chrysler Credit
Corporation, as Servicer, and The Fuji Bank and Trust Company, as
Trustee. Filed as Exhibit 2 to Money Market Auto Loan Trust 1990-1's
Registration Statement on Form 8-A, and incorporated herein by
reference.
4-B Amendment No. 1 to the Pooling and Servicing Agreement, made
as of June 29, 1992, among Chrysler Auto Receivables Company, as
Seller, Chrysler Credit Corporation, as Servicer, and The Fuji Bank
and Trust Company, as Trustee. Filed as Exhibit 4-B to Money Market
Auto Loan Trust 1990-1's Quarterly Report on Form 10-Q for the period
ended June 30, 1992, and incorporated herein by reference.
4-C Amendment No. 2 to the Pooling and Servicing Agreement, made
as of November 15, 1993, among Chrysler Auto Receivables Company,
Seller, Chrysler Credit Corporation, Servicer, and The Fuji Bank and
Trust Company, as Trustee. Filed as Exhibit 4-C to Money Market Auto
Loan Trust 1990-1's Annual Report on Form 10-K for the year ended
December 31, 1993, and incorporated herein by reference.
27 Financial Data Schedule
99 Financial statements of Money Market Auto Loan Trust 1990-1 for
the nine months ended September 30, 1995.
(b) No reports on Form 8-K were filed by the Trust during the quarter for
which this report is filed.
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MONEY MARKET AUTO LOAN TRUST 1990-1
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 thereunto duly authorized.
Money Market Auto Loan Trust 1990-1 (Registrant)
By: Chrysler Credit Corporation, as Servicer
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Date: November 8, 1995 By: s/D. M. Cantwell
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D. M. Cantwell
Vice President -
Corporate Finance
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MONEY MARKET AUTO LOAN TRUST 1990-1
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
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3-A Certificate of Incorporation of Chrysler Auto Receivables Company.
Filed as Exhibit 3.1 to Registration Statement No. 33-35295 and
incorporated herein by reference.
3-B Amendment to Certificate of Incorporation of Chrysler Auto
Receivables Company. Filed as Exhibit 3.2 to Registration Statement
No. 33-35295 and incorporated herein by reference.
3-C By-laws of Chrysler Auto Receivables Company. Filed as Exhibit 3-C to
the Trust's Annual Report on Form 10-K for the year ended December
31, 1991, and incorporated herein by reference.
4-A Pooling and Servicing Agreement, dated as of October 1, 1990, among
Chrysler Auto Receivables Company, as Seller, Chrysler Credit
Corporation, as Servicer, and The Fuji Bank and Trust Company, as
Trustee. Filed as Exhibit 2 to Money Market Auto Loan Trust 1990-1's
Registration Statement on Form 8-A, and incorporated herein by
reference.
4-B Amendment No. 1 to the Pooling and Servicing Agreement, made as of
June 29, 1992, among Chrysler Auto Receivables Company, as Seller,
Chrysler Credit Corporation, as Servicer, and The Fuji Bank and Trust
Company, as Trustee. Filed as Exhibit 4-B to Money Market Auto Loan
Trust 1990-1's Quarterly Report on Form 10-Q for the period ended
June 30, 1992, and incorporated herein by reference.
4-C Amendment No. 2 to the Pooling and Servicing Agreement made as of
November 15, 1993, among Chrysler Auto Receivables Company, Seller,
Chrysler Credit Corporation, Servicer, and The Fuji Bank and Trust
Company, as Trustee. Filed as Exhibit 4-C to Money Market Auto Loan
Trust 1990-1's Annual Report on Form 10-K for the year ended December
31, 1993, and incorporated herein by reference.
27 Financial Data Schedule
99 Financial statements of Money Market Auto Loan Trust 1990-1 for the
nine months ended September 30, 1995.
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