UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): March 21, 2007
TARGET
RECEIVABLES CORPORATION
(Depositor into the
Issuing Entity for the Certificates)
TARGET
CREDIT CARD MASTER TRUST
(Issuing Entity for
the Certificates)
TARGET
CREDIT CARD OWNER TRUST 2005-1
(Issuing Entity for
the Notes)
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Minnesota |
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0-26930 |
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41-1812153 |
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(Commission File Number) |
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(I.R.S. Employer Identification Number) |
Target Receivables
Corporation
1000 Nicollet Mall
31st Floor, Suite 3136
Minneapolis, Minnesota 55403
(612) 696-3102
(Address, including Zip Code, and Telephone Number,
Including Area Code, of Registrant’s Principal Executive Office)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01: Other Events
The Monthly Servicer’s Certificate for the Monthly Period ended March 3, 2007, the Monthly Collateral Certificateholders’ Statement for the Monthly Period ended March 3, 2007 and the Monthly Administrator’s Statement for the Monthly Period ended March 3, 2007, with respect to the Floating Rate Class A Asset Backed Notes, Series 2005-1, and the Subordinated Interests, Series 2005-1, issued by the Target Credit Card Owner Trust (the “Trust”), were delivered to the Trustee on March 21, 2007.
The above described Monthly Servicer’s Certificate is filed as Exhibit 20.1 to this Report. The above described Monthly Collateral Certificateholders’ Statement is filed as Exhibit 20.2 to this Report. The above described Monthly Administrator’s Statement is filed as Exhibit 20.3 to this Report.
The information on Net Charge-Offs found in Section VIII(a) of the Monthly Collateral Certificateholders’ Statement for Series 2005-1 reflects the inclusion of proceeds from the sale of certain previously charged-off accounts receivable, which occurred during the Monthly Period ended March 3, 2007. Without the inclusion of such proceeds, Net Charge-Offs for this monthly period would have been 6.63%.
(c) Exhibits
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20.1 |
Series 2005-1 Monthly Servicer’s Certificate for the Monthly Period ended March 3, 2007. |
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20.2 |
Series 2005-1 Monthly Collateral Certificateholders’ Statement for the Monthly Period ended March 3, 2007. |
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20.3 |
Series 2005-1 Monthly Administrator’s Statement for the Monthly Period ended March 3, 2007. |
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.
Dated: March 21, 2007
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TARGET RECEIVABLES CORPORATION |
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By: |
/s/ Terrence J. Scully |
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Name: |
Terrence J. Scully |
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Title: |
Vice President |
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EXHIBIT INDEX
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Description |
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Method of |
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20.1 |
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Series 2005-1 Monthly Servicer’s Certificate for the Monthly Period ended March 3, 2007. |
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Filed |
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20.2 |
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Series 2005-1 Monthly Collateral Certificateholders’ Statement for the Monthly Period ended March 3, 2007. |
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Filed |
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20.3 |
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Series 2005-1 Monthly Administrator’s Statement for the Monthly Period ended March 3, 2007. |
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Filed |