1
- --------------------------------------------------------------------------------
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 or earliest Event
Reported): March 15, 1996
RELIABLE FINANCIAL SERVICES, INC., (as Seller) under the Deed of
Constitution of Trust and Pooling and Servicing Agreement, dated
February 28, 1996, providing for the issuance of the Reliable Auto
Receivables Grantor Trust 1996-1, 5.80% Asset Backed Certificates,
Class A and 0.72% Asset Backed Certificates, Class I.
RELIABLE FINANCIAL SERVICES, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Puerto Rico 33-80699 66-0436232
- ---------------------------- ------------ -----------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1101 Munoz Rivera
Rio Piedras, Puerto Rico 00908
- ------------------------ ---------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (787) 759-2174
--------------
- -------------------------------------------------------------------------------
2
Item 5. Other Events.
On February 28, 1996, Reliable Financial Services, Inc.(the "Company")
entered into a Deed of Constitution of Trust and Pooling and Servicing Agreement
(the "Pooling and Servicing Agreement"), by and among the Company, as seller and
as servicer (the "Servicer") and Banco Popular de Puerto Rico, as trustee (the
"Trustee"), standby servicer and custodian, relating to the Reliable Auto
Receivables Grantor Trust 1996-1, 5.80% Asset Backed Certificates, Class A and
0.72% Asset Backed Certificates, Class I (collectively, the "Certificates").
Concurrently with each distribution to Certificateholders, the Trustee has
prepared and distributed to each Certificateholder a statement setting forth
certain information as provided in the Pooling and Servicing Agreement (the
"Distribution Date Statement"). The Distribution Date Statements for the
distributions occurring from March 1996 to August 1997 are annexed hereto as
Exhibit 99.1.
2
3
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Distribution Date Statements for the distributions to
holders of the 5.80% Asset Backed Certificates, Class
A and the 0.72% Asset Backed Certificates, Class I
for the period ranging from March 1996 to August
1997.
3
4
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.
RELIABLE FINANCIAL SERVICES, INC., as originator of
RELIABLE AUTO RECEIVABLES GRANTOR TRUST 1996-1, issuer of
the 5.80% Asset Backed Certificates, Class A and
0.72% Asset Backed Certificates, Class I
By: Reliable Financial Services, Inc.,
as Servicer*
By: /s/ Jose Arbona Lago
---------------------------
Name: Jose Arbona Lago
Title: Executive Vice President
Dated: August 27, 1997
*This report is being filed by the Servicer on behalf of the Reliable Auto
Receivables Grantor Trust 1996-1 (the "Trust"). The Trust does not have officers
or directors.
4
5
Exhibit Index
Exhibit Page
- ------- -----
99.1 Distribution Date Statements to holders of the 5.80% Asset Backed 6
Certificates, Class A and the 0.72% Asset Backed Certificates,
Class I, for the distribution dates ranging from March 15,
1996 to August 15, 1997.