SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Commission File Number: 333-56303-04
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934.
July 15, 2003
(Date of earliest event reporting)
DISTRIBUTION FINANCIAL SERVICES RV/MARINE TRUST 2001-1
(Exact name of registrant)
State of Organization - New York
I.R.S. Employer Identification Number: 91-1904587
Principal Executive Offices
c/o Wells Fargo Bank Minnesota, N.A.
Sixth and Marquette - N9311-161MAC
Minneapolis, Minnesota 55479
Telephone Number: 612-316-1816
Item 5. Other Events.
A copy of the Monthly Payment Date Statement to Noteholders, as required by the
Transfer and Servicing Agreement, is being filed as Exhibit 1 to this current
report on Form 8-K.
Item 7.(c). Exhibits.
Exhibit
Number Document Description
EX-1 Distribution Financial Services RV/Marine Trust 2001-1
July 15, 2003 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
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.
DISTRIBUTION FINANCIAL SERVICES RV/MARINE TRUST 2001-1
By: Wells Fargo Bank Minnesota, N.A.
Not in its individual capacity but solely as Owner Trustee
By: /s/ Melissa Philibert
----------------------------------
Melissa Philibert
Title: Corporate Trust Officer
Date: July 23, 2003
EXHIBIT INDEX
<Table>
<Caption>
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
EX-1 Distribution Financial Services RV/Marine Trust 2001-1
July 15, 2003 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
</Table>
DEUTSCHE FINANCIAL SERVICES CORPORATION - - RV/MARINE
TRUST 2001-1
<Table>
Accounting Date: 10-Jul-03
Determination Date: 14-Jul-03
Monthly Payment Date: 15-Jul-03
Collection Period Ending: 30-Jun-03
I. COLLECTION ACCOUNT SUMMARY
Principal and Interest Payments Received (including Prepayments) 13,299,924.41
Net Liquidation Proceeds (including Rebates/Insurance Amounts) 497,485.35
Current Monthly Interest Shortfall/Excess -81,251.37
Recoup of Collection Expenses -17,366.51
Amount of Withdrawal, if any, from Reserve Account 8,616.53
Purchase Amounts for Repurchased Receivables 0.00
13,707,408.41
II. SIMPLE INTEREST EXCESS OR SHORTFALLS
Amount of Interest Payments Due During the Collection Period for Receivables 2,162,414.11
Amount of Interest Payments Received During the Collection Period 2,243,665.48
for Receivables
Amount of Current Month Simple Interest Excess/Shortfall -81,251.37
III.CALCULATION OF RESERVE ACCOUNT DEPOSIT/WITHDRAWALS
Reserve Account Required Amount (not more than the outstanding principal balance of the Notes) 3,971,004.00
Beginning Reserve Account Balance 3,971,004.00
Deposits to Reserve Account (only if Reserve Account is less than the Reserve Account Required Amount) 0.00
Reserve Account Withdrawals(to the extent that there are Interest or Principal payment shortfalls) 8,616.53
Reserve Account Investment Earnings 3,557.25
Withdrawals from Reserve Account due to Servicer (to the extent that the Required Reserve Account 0.00
Amount has been met)
Amount in Reserve Account as of Determination Date (excluding amount to be paid on next Payment Date) 3,971,004.00
Total Ending Reserve Balance 3,965,944.72
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<Caption>
IV. COLLECTIONS ON RECEIVABLES
a)
Interest Payments Received 2243665.48
Scheduled Principal Payments Received 1858054.93
Principal Prepayments Received 9198204
Total Interest and Principal Payments Received 13299924.41
b)
Gross Recovery Proceeds of Liquidated Receivables (including Rebates/Insurance) 550,520.78
minus Reasonable Expenses 53035.43
Net Liquidation Proceeds 497485.35
Amount Allocable to Interest 0
Amount Allocable to Principal 497485.35
c)
Amount Allocable to Interest 0.00
Amount Allocable to Principal 0
13797409.76
V. CALCULATION OF SERVICING AND TRUSTEE FEES
299,514,124.40
multiplied by Servicer Fee Rate 0.75%
divided by Months per Year 0
187,196.33
VI. POOL BALANCE AND PORTFOLIO PERFORMANCE
a)
Initial Pool Balance 529,467,226.64
Pool Balance as of Preceding Accounting Date 299514124.4
Pool Balance as of the Current Accounting Date 287,415,359.86
Age of Pool in Months 20.00
a.2)
Aggregate Note Balance as of Preceding Accounting Date 299514124
Aggregate Note Balance as of Current Accounting Date 287,415,359.86
</Table>
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<Table>
<Caption>
b)
Current Month Number of Loans Principal Balance Percentage
30-59 Days Delinquent 43 836,972.85 0.291%
60-89 Days Delinquent 24 1,761,044.34 0.613%
90-119 Days Delinquent 12 650,172.64 0.226%
120+ Days Delinquent 0 0.00 0.000%
Defaults for Current Period 20 1,042,505.61 0.363%
Cumulative Defaults 259 9,869,416.34 1.864%
Cumulative Recoveries 3,794,259.68 0.717%
</Table>
<Table>
Current Month Realized Losses 545,020.26
Current Month Realized Losses as Percentage of Initial Pool Balance (Annualized) 0.103%
Preceding Realized Losses 447,641.56
Preceding Month Realized Losses as Percentage of Initial Pool Balance (Annualized) 0.085%
Second Preceding Realized Losses -13,490.77
Second Preceding Month Realized Losses as Percentage of Initial Pool Balance (Annualized) -0.003%
Cumulative Realized Losses 6,075,156.66
Cumulative Realized Losses as Percentage of Initial Pool Balance 1.147%
VII.DISTRIBUTIONS OF THE TOTAL DISTRIBUTABLE AMOUNT
0.54283881
0.52960265
a) 187,196.33
0.00
b)
Class A-1 0.00
Class A-2 0.00
Class A-3 354,765.79
Class A-4 448,875.00
Class A-5 373,205.42
Class B 106,255.75
Class C 52,993.50
Class D 85,352.08
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<Table>
<Caption>
Noteholders' Monthly
Beginning Principal Distributable Ending
Balance Amount Balance
Class A-1 0.00 0.00 0.00
Class A-2 0.00 0.00 0.00
Class A-3 89,814,124.40 12,098,764.54 77,715,359.86
Class A-4 95,000,000.00 0.00 95,000,000.00
Class A-5 72,350,000.00 0.00 72,350,000.00
Class B 19,830,000.00 0.00 19,830,000.00
Class C 9,270,000.00 0.00 9,270,000.00
Class D 13,250,000.00 0.00 13,250,000.00
c) 0.00
VIII POOL STATISTICS
9.16%
156
TOTAL DISTRIBUTION AMOUNT (Serv Fee+Note Int+Note Prin+Reserve Deposit) 13,707,408.41
TOTAL WIRE TO HSBC 13,707,408.41
Amount Due To Servicer 0.00
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