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): April 25, 2000 CBASS (Depositor) (Issuer in respect of Mortgage Loan Asset-Backed Certificates, Series 1999-CB5) (Exact name of registrant as specified in charter) New York 13-3897606 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 335 MADISON AVENUE,26TH FLR, New York,NY 10017 (Address of principal executive offices) (Zip Code) (212) 850-7765 Registrant's Telephone Number, including area code: (212) 850-7765 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CBASS Mortgage Loan Asset-Backed Certificates Series 1999-CB5 On April 25, 2000, The Bank of New York, as Trustee for CBASS, Mortgage Loan Asset-Backed Certificates Series 1999-CB5, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of November 1, 1999, among CBASS as Depositor, C-BASS LLC, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CBASS, Mortgage Loan Asset-Backed Certificates Series 1999-CB5 relating to the distribution date of April 25, 2000 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of November 1, 1999. 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. Dated: April 25, 2000 CBASS By: /s/ Lauren Shamilzadeh ------------------------------ Name: Lauren Shamilzadeh Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated April 25, 2000