Item 1. Business
Omitted.
Item 2.
Item 2. Properties
The assets of the Trust include, among other things, receivables consisting of motor vehicle loans secured by motor vehicles, rights to receive certain principal and interest payments with respect to such Receivables, security interests in the motor vehicles financed thereby, and the proceeds thereof.
Item 3.
Item 3. Legal Proceedings.
None with respect to the Notes or the Trust.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None with respect to the Notes or the Trust.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
To the best knowledge of the Registrant, there is no established public trading market for the Notes.
A Class A Asset Backed Certificate in the principal amount of $2,367,346.94 and a Class R Asset Backed Certificate, each representing a beneficial ownership interest in certain distributions of the Trust (the "Certificates") were issued to PF Funding II, LLC. All of the Notes are registered in the name of Cede & Co., as the nominee of The Depository Trust Company ("DTC").
The Trust does not pay dividends on the Notes.
Item 6.
Item 6. Selected Financial Data.
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Omitted.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Omitted.
Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
None. PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrants.
Omitted.
Item 11.
Item 11. Executive Compensation.
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
PF Funding II, LLC holds 100% of the Certificates.
Item 13.
Item 13. Certain Relationships and Related Transactions.
None.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Listed below are the documents filed as part of this report:
Annual Statement of Compliance by the Servicer is not currently available and will be subsequently filed with the Commission.
Independent Accounts Report on Servicer's servicing activities is not currently available and will be subsequently filed with the Commission.
(b) Reports on Form 8-K:
With respect to the last quarter of 1999, the following Form 8-K's were filed with the Commission:
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.
Prudential Securities Secured Financing Corporation (Registrant)
/s/ P. Carter Rise By: _________________________________ Name: P. Carter Rise Title:Vice President/Director
Dated: March 29, 2000