8-KRegulation FDExhibits & Filings

TARGET CORP 8-K Report, Regulation FD Disclosure (Feb 22, 2010)

Filed February 22, 2010For Securities:TGT

Summary

This 8-K filing by Target Corporation, dated February 22, 2010, primarily serves as a Regulation FD disclosure, providing investors with access to monthly reports concerning the Target Credit Card Owner Trust 2005-1. Specifically, the reports relate to the Floating Rate Class A Asset Backed Notes, Series 2005-1, and Subordinated Interests, Series 2005-1, issued by the trust. While this filing does not contain forward-looking financial guidance or significant operational updates, it is important for investors monitoring Target's securitization activities and the performance of its credit card-backed securities. The furnished exhibits offer a glimpse into the underlying asset performance and servicer responsibilities for these specific tranches as of January 30, 2010.

Key Highlights

  • 1Target Corporation is furnishing monthly reports related to its Target Credit Card Owner Trust 2005-1.
  • 2The reports cover the Floating Rate Class A Asset Backed Notes, Series 2005-1, and Subordinated Interests, Series 2005-1.
  • 3The furnished documents include a Monthly Servicer's Certificate, a Monthly Collateral Certificateholders' Statement, and a Monthly Administrator's Statement.
  • 4These reports pertain to the monthly period ending January 30, 2010.
  • 5The filing is made under Regulation FD to ensure broad public dissemination of this information.
  • 6The information is provided through Target Receivables Corporation and Target National Bank, wholly-owned subsidiaries.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose, under Regulation FD, monthly reports related to the Target Credit Card Owner Trust 2005-1. This includes information about asset-backed notes and subordinated interests issued by the trust.

The filing discloses monthly servicer, collateral, and administrator statements for the Target Credit Card Owner Trust 2005-1, concerning the performance of asset-backed notes and subordinated interests for the period ending January 30, 2010.

No, this filing does not provide any new financial guidance or significant operational updates. It is purely a disclosure of pre-existing monthly reports concerning the securitized credit card assets.

Target Receivables Corporation and Target National Bank are wholly-owned subsidiaries of Target Corporation that are involved in the issuance and servicing of the securitized credit card assets mentioned in the filing.