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Previous: PRIME RECEIVABLES CORP, 8-K, 1996-08-23 |
Next: MUNICIPAL INVT TR FD MON PYMT SER 528 DEFINED ASSET FDS, 497, 1996-08-23 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 of the
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported): July 15, 1996
PRIME RECEIVABLES CORPORATION
(Originator of the Prime Credit Card Master Trust)
9111 Duke Boulevard
Mason, Ohio 45040-8999
(513) 573-2037
Delaware 31-1359594 0-21118
(State of Incorporation) (IRS I.D. No.) (Commission File
Number)
_____________________________________________________________________
This amended and restated Current Report on Form 8-K is being filed
for the purpose of filing a corrected Settlement Statement of the Trust
for the period ended July 6, 1996 and the related distributions made on
July 15, 1996 in substitution for the Settlement Statement filed under
Item 7 of the Current Report on Form 8-K previously filed on July 24, 1996.
Item 5. Other Events.
None
Item 7.
Financial Statements, Pro Forma Financial Information, and
Exhibits.
The following Exhibits are filed with this Report:
28.62 Settlement Statement of the Trust
for the period ended July 6, 1996
and the related distributions made
on July 15, 1996.
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.
PRIME RECEIVABLES CORPORATION
Date: August 22, 1996 By: /s/ David W. Dawson
David W.Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.62 Settlement Statement of the Trust
for the period ended July 6, 1996
and the related distributions made
on July 15, 1996.
Prime Credit Card Master Trust 21-Jul-96
10:05 AM
Settlement Statement
- - - --
Distribution Date: 15-Jul-96
Monthly Period: June, 1996
02-Jun-96
06-Jul-96
(i) Collections 463,419,486
Finance Charge 55,465,836
Principal 407,953,650
(ii) Investor Percentage - Principal Collections 06-Jul-96
Series 1992-1 22.80%
A 18.81%
B 1.69%
C 2.30%
Series 1992-2 22.80%
A 18.81%
B 1.69%
C 2.30%
Series 1992-3 4.35%
A 3.59%
B 0.76%
Series 1995-1 27.17%
A 22.82%
B 2.17%
C 2.17%
Series 1996-1 10.85%
A 9.11%
B 0.87%
C 0.87%
Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 06-Jul-96
Series 1992-1 22.80%
A 18.81%
B 1.69%
C 2.30%
Series 1992-2 22.80%
A 18.81%
B 1.69%
C 2.30%
Series 1992-3 4.35%
A 3.59%
B 0.76%
Series 1995-1 27.17%
A 22.82%
B 2.17%
C 2.17%
Series 1996-1 10.85%
A 9.11%
B 0.87%
C 0.87%
(iii) Distribution Amount per $1,000 15-Jul-96
Series 1992-1 5.873
A 5.875
B 6.292
C 5.410
Series 1992-2 6.182
A 6.208
B 6.625
C 5.410
Series 1992-3 826.46
A 1,001.77
B 0.000
Series 1995-1 5.636
A 5.625
B 5.750
C 0.000
Series 1996-1 5.518
A 5.507
B 5.630
C 0.000
Total $'s Distributed
Series 1992-1 3,106,829.19
Series 1992-2 3,270,329.19
Series 1992-3 247,969,000.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(iv) Allocation to Principal per $1,000 15-Jul-96
Series 1992-1 0.000
A 0.000
B 0.000
C 0.000
Series 1992-2 0.000
A 0.000
B 0.000
C 0.000
Series 1992-3 825.00
A 1,000.00
B 0.000
Series 1995-1 0.000
A 0.000
B 0.000
C 0.000
Series 1996-1 0.000
A 0.000
B 0.000
C 0.000
Total $'s Distributed 247,531,716.61
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 247,531,716.61
Series 1995-1 0.00
Series 1996-1 0.00
(v) Allocation to Interest per $1,000 15-Jul-96
Series 1992-1 5.873
A 5.875
B 6.292
C 5.410
Series 1992-2 6.182
A 6.208
B 6.625
C 5.410
Series 1992-3 1.457
A 1.767
B 0.000
Series 1995-1 5.636
A 5.625
B 5.750
C 0.000
Series 1996-1 5.518
A 5.507
B 5.630
C 0.000
Total $'s Distributed
Series 1992-1 3,106,829.19
Series 1992-2 3,270,329.19
Series 1992-3 437,283.39
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vi) Investor Default Amount
Series 1992-1 4,158,891.08
A 3,430,799.24
B 308,771.93
C 419,319.91
Series 1992-2 4,158,891.08
A 3,430,799.24
B 308,771.93
C 419,319.91
Series 1992-3 544,474.24
A 449,191.25
B 95,282.99
Series 1995-1 4,955,598.90
A 4,162,703.08
B 396,447.91
C 396,447.91
Series 1996-1 1,979,189.97
A 1,662,031.64
B 158,579.17
C 158,579.17
(vii) Investor Charge Offs
Charge Offs Reimbursements
Series 1992-1 0.00 0.00
A 0.00 0.00
B 0.00 0.00
C 0.00 0.00
Series 1992-2 0.00 0.00
A 0.00 0.00
B 0.00 0.00
C 0.00 0.00
Series 1992-3 0.00 0.00
A 0.00 0.00
B 0.00 0.00
Series 1995-1 0.00 0.00
A 0.00 0.00
B 0.00 0.00
C 0.00 0.00
Series 1996-1 0.00 0.00
A 0.00 0.00
B 0.00 0.00
C 0.00 0.00
(viii) Servicing Fee
Series 1992-1 909,166.67
A 750,000.00
B 67,500.00
C 91,666.67
Series 1992-2 909,166.67
A 750,000.00
B 67,500.00
C 91,666.67
Series 1992-3 154,801.02
A 127,710.84
B 27,090.18
Series 1995-1 1,083,333.33
A 910,000.00
B 86,666.67
C 86,666.67
Series 1996-1 432,666.67
A 363,333.34
B 34,666.67
C 34,666.67
(ix) Deficit Controlled Amortization Amount
Series 1992-1 0.00
A 0.00
B 0.00
C 0.00
Series 1992-2 0.00
A 0.00
B 0.00
C 0.00
Series 1992-3 0.00
A 0.00
B 0.00
Series 1995-1 0.00
A 0.00
B 0.00
C 0.00
Series 1996-1 0.00
A 0.00
B 0.00
C 0.00
(x) Receivables in Trust 06-Jul-96 2,464,194,621
Principal Receivables in Trust 2,389,529,524
(xi) Invested Amount 06-Jul-96
Series 1992-1 545,500,000.00
A 450,000,000.00
B 40,500,000.00
C 55,000,000.00
Series 1992-2 545,500,000.00
A 450,000,000.00
B 40,500,000.00
C 55,000,000.00
Series 1992-3 111,585,454.55
A 92,058,000.00
B 19,527,454.55
Series 1995-1 650,000,000.00
A 546,000,000.00
B 52,000,000.00
C 52,000,000.00
Series 1996-1 259,600,000.00
A 218,000,000.00
B 20,800,000.00
C 20,800,000.00
(xii) Enhancement NA
(xiii) Pool Factor
Series 1992-1 1.0000000
A 1.0000000
B 1.0000000
C 1.0000000
Series 1992-2 1.0000000
A 1.0000000
B 1.0000000
C 1.0000000
Series 1995-1 1.0000000
A 1.0000000
B 1.0000000
C 1.0000000
Series 1996-1 1.0000000
A 1.0000000
B 1.0000000
C 1.0000000
(xiv) Yield Factor 11.11%
Finance Charge Receivables Factor 3.03%
(xv) Payout Event
Series 1992-1 NO
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvi) Other
Delinquency
Current 76.3% $1,837,467,952
30 days 14.9% 358,572,599
60 days 3.6% 87,823,726
90 days 1.6% 39,643,198
120 days 1.1% 27,690,418
150 days 1.0% 24,517,310
180 days+ 1.3% 32,236,567
Total 100.000% $2,407,951,770
Balance in Pre-Funding Account 0.00
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