8-K 1 finaug.txt CDF FINANCING LLC 8/31/03 8-K September 29, 2003 Securities and Exchange Commission 450 Fifth Street, N.W. Judiciary Plaza Washington, D.C. 20549 Re: Form 8-K CDF Financing, L.L.C. Registration Nos. 333-84458-01 and 333-84458-02 On behalf of CDF Financing, L.L.C. a Delaware Limited Liability Company ("Registrant"), I am transmitting herewith for filing, pursuant to the requirements of the Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System, Form 8-K. Please send either confirmation or suspense notification to e:mail address Pat.o-malley@ge.com at your earliest convenience. Sincerely, /s/ W. Steven Culp Manager 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 September 15, 2003 CDF Financing, L.L.C. (Exact name of registrant as specified in its amended charter) DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST (Co-Registrant and Issuer with Respect to the Securities) Delaware 333-84458-01 and 333-84458-02 88-0355652 (State or other jurisdiction (Commission (IRS Employer of incorporation File Numbers) identification No.) 655 Maryville Centre Drive St. Louis, Missouri 63141 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (314) 523-3000 Item 5. Other Events. Copies of the monthly Certificateholders' Statements are being filed as Exhibits 1, 2 and 3 to this Current Report on Form 8-K. Item 7.(c) Exhibits. Exhibit Description EX-1 Distribution Financial Services Floorplan Master Trust Compliance/Statistical Reporting Reporting for period ending 8/31/2003 EX-2 Distribution Financial Services Floorplan Master Trust Distribution Date Statement Series 2003-1 Reporting for period ending 8/31/2003 EX-3 Distribution Financial Services Floorplan Master Trust Distribution Date Statement Series 2003-2 Reporting for period ending 8/31/2003 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. CDF Financing, L.L.C. on behalf of itself, as Registrant Date: September 29, 2003 By: /s/ W. Steven Culp Title: Manager Floorplan Receivables, L.P. Distribution Financial Services Floorplan Master Trust Compliance/Statistical Reporting For the Period Ending 8/31/2003 Calculation Of Pool Balance 1 Total "Office" Receivables 3,042,813,509 2 NSF Over 30 Days Office (665,684) 3 SAU Over 30 Days Office (2,763,482) 4 Total Principal Receivables 3,039,384,343 5 Discount Factor 0.50% 6 End of month Pool Balance 3,024,187,421 Total Trust Receivables-Delinquency 7 NSF 1-30 Office 62,917 8 SAU 1-30 Office 16,065,273 9 Total 16,128,190 10 Trust Receivables 3,042,813,509 11 .75 % of Trust Receivables 0.75% 12 Total 22,821,101 13 Amount in Excess 0 14 NSF 30+ 665,684 15 SAU 30+ 2,763,482 3,429,166 Overconcentrations 16 End of month Pool Balance 3,024,187,421

Limits Actual Excess 2017 A/R Receivables 20% ~~634~~604,~~609~~837,~~428~~484 3533,~~928~~363,~~362~~664 0 2118 Asset Based Receivables 20% ~~634~~604,~~609~~837,~~428~~484 ~~313~~310,~~067~~851,~~095~~268 0 2219 Dealer concentration top 8 2.5% 7975,~~326~~604,~~179~~686 ~~114~~115,~~923~~137,~~680~~950 3539,~~597~~533,~~501~~264 2320 Dealer concentration Other 2% 6360,~~460~~483,~~943~~748 2928,~~407~~971,~~019~~746 0 2421 Manufacturer Concentration Top 3 15% ~~475~~453,~~957~~628,~~071~~113 ~~356~~352,~~152~~394,~~963~~647 0 2522 Manufacturer Concentration Other 10% ~~317~~302,~~304~~418,~~714~~742 9082,~~078~~916,~~058~~684 0 2623 Product Line Concentration: 2724 CE & Appl 25% ~~793~~756,~~261~~046,~~785~~855 ~~128~~124,~~409~~185,~~104~~523 0 2825 MIS 25% ~~793~~756,~~261~~046,~~785~~855 ~~306~~269,~~638~~381,~~331~~026 0 2926 Motorcycle 25% ~~793~~756,~~261~~046,~~785~~855 ~~517~~470,~~997~~048,~~683~~350 0 3027 Marine 35% 1,~~110~~058,~~566~~465,~~499~~597 ~~655~~636,~~363~~310,~~767~~709 0 3128 ~~Manufacturered Home 25% 793,261,785 0 0 32~~ RV 35% 1,~~110~~058,~~566~~465,~~499~~597 ~~857~~831,~~236~~151,~~722~~512 0 3329 Music 25% ~~793~~756,~~261~~046,~~785~~855 6058,~~881~~864,~~726~~389 0 3430 Industrial Equipment 25% ~~793~~756,~~261~~046,~~785~~855 ~~158~~145,~~458~~641,~~929~~710 0 3531 A/R 25% ~~793~~756,~~261~~046,~~785~~855 ~~348~~344,~~995~~214,~~457~~932 0 3632 Snowmobiles 25% ~~793~~756,~~261~~046,~~785~~855 2823,~~281~~904,~~227~~299 0 3733 Other 25% ~~793~~756,~~261~~046,~~785~~855 ~~154~~139,~~548~~111,~~773~~058 0 ok34 38 Delayed Funding Receivables ~~306~~261,~~407~~321,~~645~~040 56/3130/2003 67/3031/2003 78/31/2003 Average 3935 Net Charge Offs to Receivables (Annualized) 0.1746% 01.4829% 10.3325% 0.6667% 4036 Payment Rate ~~37.40%~~ 39.0020% 40.95% 39.1248% 39.88% Net Receivable Rate - Current Month 4137 Interest 5.5143% 4238 Discount 2.4637% 4339 Total 7.9780% 4440 Less Servicing -2.00% 4541 Remaining 5.9780%

Floorplan Receivables, L.P. Distribution Financial Services Floorplan Master Trust Distribution Date Statement Report Date 08/31/03 Collection Period 8/01/200308/31/03 Determination Date 09/12/03 Distribution Date 09/15/03

Dealer Over- Series Series Series Series Total Concentration 2003-1 2003-1 2003-1 2003-1 Date Trust Series Total Class A Class B Class C Pool Balance 1 Beginning of Month Receivables 0607/3031/03 3,~~006~~188,~~607~~992,~~800~~100 2 Plus: Account Additions 078/01/032003 ~~416,740,438~~- 3 Beginning of month Principal Receivables 078/01/032003 3,~~423~~188,~~348~~992,~~238~~100 4 Discount Factor 0.50% Beginning of month Pool 5 Balance 078/01/032003 3,~~406~~173,~~231~~047,~~497~~140 6 Beginning of month Dealer Overconcentrations 078/01/032003 -35,597,501 Beginning of month 7 Unconcentrated Pool Balance 078/01/032003 3,~~406~~137,~~231~~449,~~497~~639 8 End of month Principal Receivables 0708/31/03 3,~~188~~039,~~992~~384,~~100~~343 9 Discount Factor 0.50% 10End of mo Pool Balance 0708/31/03 3,~~173~~024,~~047~~187,~~140~~421 11End of month Dealer Overconcentrations 0708/31/03 3539,~~597~~533,~~501~~264 12End of month Unconcentrated Pool Balance 0708/31/03 32,~~137~~984,~~449~~654,~~639~~157 13Overconcentrated % 0708/31/03 1.1231% 14Unconcentrated % 0708/31/03 98.8869% Certificates 15Beginning of month/closing date Invested Amount 078/01/032003 735,~~502~~597,~~341~~501 750,000,000 716,250,000 22,500,000 11,250,000 16Allocation Percentage 078/01/032003 01.2728% 2726.2092% 25.9771% 0.8281% 0.4140% 17End of month Invested Amount 0708/31/03 3539,~~597~~533,~~501~~264 750,000,000 716,250,000 22,500,000 11,250,000 18Principal Payments Outstanding Principal 0809/1412/03 - - - - - 19Balance 0809/15/03 3539,~~597~~533,~~501~~264 750,000,000 716,250,000 22,500,000 11,250,000 20Pool Factor 0809/15/03 1.00000 1.00000 1.00000 Excess Funding Account 21End of month balance 0708/15/03 - 22Determination Date - Deposit 0809/15/03 23Distribution Date Disbursement 0809/15/03 - 24Excess Funding Account Balance 0809/15/03 - Reserve Fund 25Required Amount 0809/15/03 26,250,000 26Beginning Balance 0708/15/03 26,250,000 27Deposits 0708/15/03 0809/15/03 2120,~~187~~476 28Disbursements 0708/15/03 0809/15/03 2120,~~187~~476 29Ending Balance 0809/15/03 26,250,000 Collections 30Principal Allocation Percentage 0708/31/03 1.0526% 2223.0290% 2122.0383% 0.6672% 0.3336% 31Floating Allocation Percentage 0708/31/03 1.0526% 2223.0290% 2122.0383% 0.6672% 0.3336% 32Principal Collections 078/01/032003 0708/31/03 1,~~401~~259,~~466~~110,~~684~~568 ~~364~~743,~~276~~264 33Nonprincipal ~~Collectio07~~Collectio8/01/032003 0708/31/03 2221,~~867~~206,~~660~~662 13,~~808~~482 34Total Collections 078/01/032003 0708/31/03 1,~~424~~280,~~334~~317,~~344~~230 ~~366~~746,~~084~~746 Defaults 35Defaulted Amount 078/01/032003 0708/31/03 3653,~~593,948~~567 36Investor Default ~~Amoun07~~Amoun8/01/032003 0708/31/03 - ~~791~~156,~~332~~234 ~~755~~149,~~722~~203 234,~~740~~687 112,~~870~~344 Interest 37Monthly Interest 0809/15/03 - ~~781~~783,~~574~~591 ~~725~~727,~~865~~790 29,~~002~~063 26,~~707~~738 38Interest Shortfall 0809/15/03 - - - - - 39Additional Interest 0809/15/03 - - - - - 40Total 0809/15/03 - ~~781~~783,~~574~~591 ~~725~~727,~~865~~790 29,~~002~~063 26,~~707~~738 Servicing Fee 41Certificate Balance for Servicing Fee determination 078/01/032003 750,000,000 716,250,000 22,500,000 11,250,000 42Servicing Fee Rate 2.00% 2.00% 2.00% 2.00% 43Servicing Fee 078/01/032003 0708/31/03 1,250,000 1,193,750 37,500 18,750 44Remaining Servicing Fee 0809/15/03 1,250,000 1,193,750 37,500 18,750 Excess Servicing 45Nonprincipal ~~Collectio07~~Collectio8/01/032003 0708/31/03 2221,~~867~~206,~~660~~662 13,~~808~~482 46Servicer Advance Less Reimbursement of Servicer Advance 078/01/032003 0708/31/03 1,~~699~~395,~~762~~225 47Floating Allocation Percentage 1.0526% 2223.0290% 2122.0383% 0.6672% 0.3336% 48Investor Nonprincipal Collections 078/01/032003 0708/31/03 13,~~808~~482 5,~~035~~069,~~109~~403 4,~~808~~841,~~529~~280 ~~151~~152,~~053~~082 7576,~~527~~041 49Investor portion of Servicer Advance Less Reimbursement 078/01/032003 0708/31/03 - ~~374~~333,~~262~~526 ~~357~~318,~~420~~517 1110,~~228~~006 5,~~614~~003 50Plus: Investment ~~Proc07~~Proc8/01/032003 0708/31/03 - 2120,~~207~~496 51Less: 52Monthly Interest 0809/1412/03 - ~~781~~783,~~574~~591 ~~725~~727,~~865~~790 29,~~002~~063 26,~~707~~738 53Prior Monthly Interest 0809/1412/03 - - - - - 54Additional Interest 0809/1412/03 - - - - - 55Reserve Fund Deposit 0809/1412/03 - - - - - 56Default Amount 078/01/032003 0708/31/03 - ~~791~~156,~~332~~234 ~~755~~149,~~722~~203 234,~~740~~687 112,~~870~~344 57Charge-Offs 078/01/032003 0708/31/03 - - - - - 58Monthly Servicing Fee 0809/15/03 - 1,250,000 1,193,750 37,500 18,750 59Carry-over Amount 0809/15/03 - - - - - 60Carry-over Amount 61 Additional Interest 0809/15/03 - - - - - 62Balance: Excess ~~Servi07~~Servi8/01/032003 0708/31/03 13,~~808~~482 23,~~607~~233,~~672~~600 Collection Account 63Beginning Balance 0708/15/03 - 64Deposits 0708/15/03 0809/15/03 1,~~155~~117,~~836~~117 65Disbursements 0708/15/03 0809/15/03 1,~~155~~117,~~836~~117 66Ending Balance 0809/15/03 - Interest Funding Account 67Beginning Balance 0708/15/03 - 68Deposits 0708/15/03 0809/15/03 ~~781~~783,~~595~~611 69Disbursements 0708/15/03 0809/15/03 ~~781~~783,~~595~~611 70Ending Balance 0809/15/03 - Principal Funding Account 71Beginning Balance 0708/15/03 - 72Deposits 0708/15/03 0809/15/03 - 73Disbursements 0708/15/03 0809/15/03 - 74Ending Balance 0809/15/03 - Interest Rate for the Next Period 75One-month LIBOR 0809/15/03 0910/14/03 1.~~11000~~12000% 76Net Receivables Rate 0708/31/03 5.~~97108~~80472%

Dealer Over- Series Series Series Series Total Concentration 2003-2 2003-2 2003-2 2003-2 Date Trust Series Total Class A Class B Class C Pool Balance 1 Beginning of Month Receivables 0607/3031/03 3,~~006~~188,~~607~~992,~~800~~100 2 Plus: Account Additions 078/01/032003 ~~416,740,438~~- 3 Beginning of month Principal Receivables 078/01/032003 3,~~423~~188,~~348~~992,~~238~~100 4 Discount Factor 0.50% Beginning of month Pool 5 Balance 078/01/032003 3,~~406~~173,~~231~~047,~~497~~140 6 Beginning of month Dealer Overconcentrations 078/01/032003 -35,597,501 Beginning of month 7 Unconcentrated Pool Balance 078/01/032003 3,~~406~~137,~~231~~449,~~497~~639 8 End of month Principal Receivables 0708/31/03 3,~~188~~039,~~992~~384,~~100~~343 9 Discount Factor 0.50% 10End of month Pool Balance 0708/31/03 3,~~173~~024,~~047~~187,~~140~~421 11End of month Dealer Overconcentrations 0708/31/03 3539,~~597~~533,~~501~~264 12End of month Unconcentrated Pool Balance 0708/31/03 32,~~137~~984,~~449~~654,~~639~~157 13Overconcentrated Percentage 0708/31/03 1.1231% 14Unconcentrated Percentage 0708/31/03 98.8869% Certificates 15Beginning of month/closing date Invested Amount 078/01/032003 735,~~502~~597,~~341~~501 1,000,000,000 955,000,000 30,000,000 15,000,000 16Allocation Percentage 078/01/032003 01.2728% 3635.2690% 34.6328% 1.0908% 0.54% 17End of month Invested Amount 0708/31/03 3539,~~597~~533,~~501~~264 1,000,000,000 955,000,000 30,000,000 15,000,000 18Principal Payments Outstanding Principal 0809/1412/03 - - - - - 19Balance 0809/15/03 3539,~~597~~533,~~501~~264 1,000,000,000 955,000,000 30,000,000 15,000,000 20Pool Factor 0809/15/03 1.00000 1.00000 1.00000 Excess Funding Account 21End of month balance 0708/15/03 - 22Determination Date deposit Deposit 0809/15/03 23Distribution Date Disbursement 0809/15/03 - 24Excess Funding Account Balance 0809/15/03 - Reserve Fund 25Required Amount 0809/15/03 35,000,000 26Beginning Balance 0708/15/03 35,000,000 27Deposits 0708/15/03 0809/15/03 2827,~~249~~302 28Disbursements 0708/15/03 0809/15/03 2827,~~249~~302 29Ending Balance 0809/15/03 35,000,000 Collections 30Principal Allocation Percentage 0708/31/03 1.0526% 2931.3687% 2830.0444% 0.8896% 0.4448% 31Floating Allocation Percentage 0708/31/03 1.0526% 2931.3687% 2830.0444% 0.8896% 0.4448% 32Principal Collections 078/01/032003 0708/31/03 1,~~401~~259,~~466~~110,~~684~~568 ~~364~~743,~~276~~264 33Nonprincipal ~~Collectio07~~Collectio8/01/032003 0708/31/03 2221,~~867~~206,~~660~~662 13,~~808~~482 34Total Collections 078/01/032003 0708/31/03 1,~~424~~280,~~334~~317,~~344~~230 ~~366~~746,~~084~~746 Defaults 35Defaulted Amount 078/01/032003 0708/31/03 3653,~~593,948~~567 36Investor Default ~~Amoun07~~Amoun8/01/032003 0708/31/03 - 1208,~~055,110~~312 1198,~~007,630~~938 316,~~653~~249 153,~~827~~125 Interest 37Monthly Interest 0809/15/03 - 1,~~071~~074,~~420~~107 ~~992~~995,~~491~~057 40,~~736~~817 38,~~193~~233 38Interest Shortfall 0809/15/03 - - - - - 39Additional Interest 0809/15/03 - - - - - 40Total 0809/15/03 - 1,~~071~~074,~~420~~107 ~~992~~995,~~491~~057 40,~~736~~817 38,~~193~~233 Servicing Fee 41Certificate Balance for Servicing Fee determination 078/01/032003 1,000,000,000 955,000,000 30,000,000 15,000,000 42Servicing Fee Rate 2.00% 2.00% 2.00% 2.00% 43Servicing Fee 078/01/032003 0708/31/03 1,666,667 1,591,667 50,000 25,000 44Remaining Servicing Fee 0809/15/03 1,666,667 1,591,667 50,000 25,000 Excess Servicing 45Nonprincipal ~~Collectio07~~Collectio8/01/032003 0708/31/03 2221,~~867~~206,~~660~~662 13,~~808~~482 46Servicer Advance Less Reimbursement of Servicer Advance 078/01/032003 0708/31/03 1,~~699~~395,~~762~~225 47Floating Allocation Percentage 1.0526% 2931.3687% 2830.0444% 0.8896% 0.4448% 48Investor Nonprincipal Collections 078/01/032003 0708/31/03 13,~~808~~482 6,~~713~~759,~~477~~204 6,~~411~~455,~~371~~040 ~~201~~202,~~404~~776 ~~100~~101,~~702~~388 49Investor portion of Servicer Advance Less ~~Reimburse07~~Reimburse8/01/032003 0708/31/03 - ~~499~~444,~~015~~701 ~~476~~424,~~560~~689 1413,~~970~~341 76,~~485~~671 50Plus: Investment ~~Proc07~~Proc8/01/032003 0708/31/03 - 2827,~~277~~329 51Less: 52Monthly Interest 0809/1412/03 - 1,~~071~~074,~~420~~107 ~~992~~995,~~491~~057 40,~~736~~817 38,~~193~~233 53Prior Monthly Interest 0809/1412/03 - - - - - 54Additional Interest 0809/1412/03 - - - - - 55Reserve Fund Deposit 0809/1412/03 - - - - - 56Default Amount 078/01/032003 0708/31/03 - 1208,~~055,110~~312 1198,~~007,630~~938 316,~~653~~249 153,~~827~~125 57Charge-Offs 078/01/032003 0708/31/03 - - - - - 58Monthly Servicing Fee 0809/15/03 - 1,666,667 1,591,667 50,000 25,000 59Carry-over Amount 0809/15/03 - - - - - 60Carry-over Amount 61 Additional Interest 0809/15/03 - - - - - 62Balance: Excess ~~Servi07~~Servi8/01/032003 0708/31/03 13,~~808~~482 34,~~447~~282,~~572~~148 Collection Account 63Beginning Balance 0708/15/03 - 64Deposits 0708/15/03 0809/15/03 1,~~570~~518,~~435~~808 65Disbursements 0708/15/03 0809/15/03 1,~~570~~518,~~435~~808 66Ending Balance 0809/15/03 - Interest Funding Account 67Beginning Balance 0708/15/03 - 68Deposits 0708/15/03 0809/15/03 1,~~071~~074,~~449~~134 69Disbursements 0708/15/03 0809/15/03 1,~~071~~074,~~449~~134 70Ending Balance 0809/15/03 - Principal Funding Account 71Beginning Balance 0708/15/03 - 72Deposits 0708/15/03 0809/15/03 - 73Disbursements 0708/15/03 0809/15/03 - 74Ending Balance 0809/15/03 - Interest Rate for the Next Period 75One-month LIBOR 0809/15/03 0910/14/03 1.~~11000~~12000% 76Net Receivables Rate 0708/31/03 5.~~97108~~80472%

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