SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
[X] Annual report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the fiscal year ended December 31, 2002
[ ] Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the transition period from _____ to _____
333-57236
(Commission File Number)
A.I. RECEIVABLES TRANSFER CORP.
(Exact name of registrant as specified in its charter)
DELAWARE 22-3674608
(State or other jurisdiction (IRS Employer Identification No.)
of incorporation)
160 WATER STREET
NEW YORK, NY 10038-4922
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code : (212) 428-5400
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act: NONE
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 [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
Documents incorporated by reference: NONE
Part I
Item 1. Business
Omitted.
Item 2. Properties
Omitted.
Item 3. Legal Proceedings
The Registrant is not aware of any material legal proceeding with respect to the
Trust or the Company, the Servicer or the Trustee, as related to the Trust.
Item 4. Submission of Matters to Vote of Security Holders
No matter was submitted to a vote or consent of Holders of the Offered
Certificates during the fiscal year covered by this report.
Part II
Item 5. Market for Registrant's Common Equity and Related Stockholder
Matters
The Trust does not issue stock. There is currently no established secondary
market for the Certificates.
Item 6. Selected Financial Data
Omitted.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Omitted.
Item 8. Financial Statements and Supplementary Data
Omitted.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure
There was no change of accountants or disagreement with accountants on any
matter of accounting principles or practices of financial disclosure.
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Part III
Item 10. Directors and Executive Officers of the Registrant
Omitted.
Item 11. Executive Compensation
Omitted.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Omitted.
Item 13. Certain Relationships and Transactions
No reportable transactions have occurred.
Part IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) The following documents are filed as part of this report:
(1) Financial Statement:
Omitted.
(2) Financial Statement Schedules:
Omitted.
(3) Exhibits:
Annual Statement as to Compliance, filed as Exhibit 99.1
hereto.
Annual Independent Public Accountants' Report for the
Servicer, filed as Exhibit 99.2 hereto.
(b) Reports on form 8-K: The following Current Reports on Form 8-K
were filed by the Registrant in 2002.
Current Reports on Form 8-K dated September 12, 2002,
September 20, 2002, October 15, 2002, November 20, 2002,
and December 17, 2002 were filed for the purpose of filing
the Monthly Statement sent to the Holders of the Offered
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Certificates for the payments made on the same date. The
items reported in such Current Report were Item 5 (Other
Events).
(c) Exhibits to this report are listed in Item (14) (a) (3) above.
Pursuant to the Requirements of Section 13 or 15 (d) 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.
AIG Premium Finance Master Trust
By AI Credit Corp (Servicer)
By: /s/ Jeffrey Lesnoy
--------------------------------------
Jeffrey Lesnoy
Senior Vice President
Date: March 28, 2003
AIG Credit Premium Finance Master Trust
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I, Jeffrey Lesnoy, certify that:
1. I have received this annual report on Form 10-K, and all reports on
Form 8-K containing distribution or servicing reports filed in
respect of periods included in the year covered by this annual
report, of AIG Credit Premium Finance Master Trust.
2. Based on my knowledge, the information in these reports, taken as a
whole, does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made,
in light of the circumstances under which statements were made, not
misleading as of the last day of the period covered by this annual
report of AIG Credit Premium Finance Master Trust.
3. Based on my knowledge, the servicing information required to be
provided to the trustee by the servicer under the Sale and Servicing
Agreement is included in these reports.
4. I am responsible for reviewing the activities performed by the
servicer under the Sale and Servicing Agreement and based upon my
knowledge and the annual compliance review required under that
agreement, and except as disclosed in the reports, the servicer has
fulfilled its obligations under that agreement.
5. The reports disclose all significant deficiencies relating to the
servicer's compliance with the minimum servicing standards based upon
the report provided by an independent public accountant, after
conducting a review in compliance with the Uniform Single Attestation
Program for Mortgage Bankers or similar procedure, as set forth in
the Sale and Servicing Agreement, that is included in these reports.
AIG Premium Finance Master Trust
By AI Credit Corp (Servicer)
By: /s/ Jeffrey Lesnoy
---------------------------------
Jeffrey Lesnoy
Senior Vice President
Date: March 28, 2003
AIG Credit Premium Finance Master Trust
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