-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JieMY+E/NyM1deHV287DOZPqFHVBff1jTVGjSDTC8yV1amB8fMu85XYl9jPhMbgp Gs23n/Nd1pyOlPHtXVZvXg== 0001001329-00-000008.txt : 20000411 0001001329-00-000008.hdr.sgml : 20000411 ACCESSION NUMBER: 0001001329-00-000008 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000329 FILED AS OF DATE: 20000329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOUSEHOLD CREDIT CARD MASTER TRUST I CENTRAL INDEX KEY: 0001001329 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 033-97296-01 FILM NUMBER: 582297 BUSINESS ADDRESS: STREET 1: 2700 SANDERS RD CITY: PROSPECT HEIGHTS STATE: IL ZIP: 60070 BUSINESS PHONE: 8475645000 MAIL ADDRESS: STREET 1: 1111 TOWN CENTER DR CITY: LAS VEGAS STATE: NV ZIP: 89134 10-K 1 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1999 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 No. 33-97296 HOUSEHOLD CREDIT CARD MASTER TRUST I (Exact name of Registrant as specified in Department of the Treasury, Internal Revenue Service Form SS-4) HOUSEHOLD FINANCE CORPORATION (Servicer of the Trust) (Exact name as specified in Servicer's charter) DELAWARE 36-3670374 (State or other jurisdiction of (I.R.S. Employer incorporation of Servicer) Identification Number of Registrant) 2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS 60070 (Address of principal executive offices of (Zip Code) Servicer) Servicer's telephone number, including area code (847) 564-5000 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 _____ The aggregate principal amount of the Certificates held by non- affiliates of the Servicer as of December 31, 1999 was approximately $914.286 million. 2 INTRODUCTORY NOTE Household Card Funding Corporation (the "Transferor") is the transferor under a Pooling and Servicing Agreement (the "Agreement") dated as of December 1, 1995, by and among the Transferor, Household Finance Corporation, as Servicer (the "Servicer") and The Bank of New York, as trustee (the "Trustee"), as supplemented by the Series Supplements, providing for the issuance of Credit Card Participation Certificates (the "Certificates"), and is the originator of the trust called the Household Credit Card Master Trust I (the "Registrant" or the "Trust"). Each Certificate represents an undivided interest in the Trust. The Series 1995-1 Supplement dated as of December 1, 1995, (the "Series 1995-1 Supplement") among the Transferor, the Servicer and the Trustee created a Series of Investor Certificates designated as Household Credit Cared Master Trust, Series 1995- 1;consisting of two classes; a senior class designated as Floating Rate Class A Credit Card Participation Certificates, Series 1995-1 and a subordinated class designated as Floating Rate Class B Credit Card Participation Certificates, Series 1995-1. In additional, there is a Seller Certificate outstanding representing an undivided interest in the Trust that is not otherwise represented by the Series 1995-1 Investor Certificates. The Registrant has prepared this Form 10-K in reliance upon various no-action letters issued by the Securities and Exchange Commission (the "Commission") to other trusts which are substantially similar to the Trust. Items designated herein as "Not Applicable" have been omitted as a result of this reliance. 3 PART I Item 1. Business. Not Applicable. Item 2. Properties. Not Applicable. Item 3. Legal Proceedings. The Servicer is not aware of any material pending legal proceedings involving either the Registrant, the Trustee, the Seller or the Servicer with respect to the Certificates or the Registrant's property. Item 4. Submission of Matters to a Vote of Security Holders. No vote or consent of the holders of the Certificates (the "Certificateholders") was solicited for any purpose during the year ended December 31, 1999. PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters. To the best knowledge of the Servicer, there is no established public trading market for the Certificates. As of March 1, 2000, there were 17 Class A Certificateholders and 8 Class B Certificateholders, some of whom may be holding Certificates for the accounts of others. Item 6. Selected Financial Data. Not Applicable. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Not Applicable. 4 Item 8. Financial Statements and Supplementary Data. Not Applicable. Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. None. PART III Item 10. Directors and Executive Officers of the Registrant. Not Applicable. Item 11. Executive Compensation. Not Applicable. Item 12. Security Ownership of Certain Beneficial Owners and Management. The following table sets forth (i) the name and address of each entity owning more than 5% of the outstanding principal amount of the Class A or the Class B Certificates; (ii) the principal amount of Certificates owned by each and (iii) the percent that the principal amount of Certificates owned represents of the outstanding principal amount of the Class A or the Class B Certificates. The information set forth in the table is based upon information obtained by the Servicer from the Trustee and from The Depository Trust Company as of March 1, 2000. The Servicer is not aware of any Schedules 13D or 13G filed with the Securities and Exchange Commission in respect of the Certificates. 5 Amount Owned All dollar amounts are in thousands Name and Address Principal Percent Class A Certificateholders Boston Safe Deposit and $ 37,940 5.42% Trust Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 Chase Manhattan Bank, N.A. $ 388,900 55.56% 4 New York Plaza - 13th Floor New York, NY 10004 Investors Bank & Trust/M.F. Custody $ 80,000 11.43% 200 Clarendon Street 15th Floor Hancock Tower Boston, MA 02116 Northern Trust Company $ 104,500 14.93% 801 S. Canal C-IN Chicago, IL 60607 State Street Bank and Trust Company $ 46,900 6.70% 1776 Heritage Drive Global Corporate Action Unit JAB 5NW No. Quincy, MA 02171 6 Amount Owned All dollar amounts are in thousands Name and Address Principal Percent Class B Certificateholders Bankers Trust Company $ 26,175 12.21% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 Bank One Trust Company, N.A. $ 25,000 11.67% 1900 Polaris Parkway, 4th Floor Columbus, OH 43240 BNY/ITC - Dealers Clearance Special $ 25,000 11.67% c/o N.A. Shapiro & Co. In. One Chase Manhattan Plaza, 58th Floor New York, NY 10005 Chase Manhattan Bank $ 48,286 22.53% 4 New York Plaza - 13th Floor New York, NY 10004 Swiss American Securities Inc. $ 72,000 33.60% 100 Wall Street New York, NY 10005 7 Item 13. Certain Relationships and Related Transactions. None or Not Applicable. PART IV Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K. (a) List the following documents filed as a part of the report: (1) Financial Statements Not Applicable. (2) Financial Statement Schedules Not Applicable. (3) The Servicer is obligated to prepare an Annual Statement to Certificateholders for the year 1999, and Independent Public Accountants are required to prepare an Annual Servicing Report pertaining to the compliance of the Servicer with its servicing obligations pursuant to the Agreement. Copies of said documents are or will be filed as exhibits to this Form 10-k when they are available. (b) The Registrant filed the following current reports on Form 8-K for the fourth quarter of 1999: Date of Reports Items Covered October 15, 1999 Item 7 -- Statement to November 15, 1999 Certificateholders with respect December 15, 1999 to distributions made on October 15, 1999, November 15, 1999 and December 15, 1999. (c) Exhibit 99. Copy of Annual Statement to Certificateholders for the year 1999. (d) Not Applicable. 8 Exhibit Index Exhibit No. Exhibit 99 Copy of Annual Statement to Certificateholders for the year ended December 31, 1999. 9 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Servicer has duly caused this report to be signed on behalf of the Household Credit Card Trust 1995-1 by the undersigned, thereunto duly authorized. HOUSEHOLD FINANCE CORPORATION, as Servicer of and on behalf of the HOUSEHOLD CREDIT CARD TRUST 1995-1 (Registrant) Date: March 29, 2000 By:/s/ John W. Blenke John W. Blenke Assistant Secretary EX-99 2 1
Household Finance Corporation HFC Card Funding Corporation Household Credit Card Master Trust, Series 1995-1 Original Class A Principal 700,000,000.00 Number of Class A Bonds (000's) 700,000 Original Class B Principal 214,286,000 Number of Class B Bonds (000's) 214,286 1999 Totals CLASS A Class A Principal Distributions 0.00 Class A Interest 37,821,225.17 CLASS B Class B Principal Distributions 0.00 Class B Interest 11,969,013.46
-----END PRIVACY-ENHANCED MESSAGE-----