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Previous: MORGAN STANLEY FUND INC, 24F-2NT, 1996-08-23 |
Next: PRIME RECEIVABLES CORP, 8-K/A, 1996-08-23 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of the
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported): August 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)
_____________________________________________________________________
Item 5. Other Events.
None
Item 7. Financial Statements, Pro Forma Financial Information, and
Exhibits.
The following Exhibits are filed with this Report:
28.63 Settlement Statement of the Trust
for the period ended August 3, 1996
and the related distributions made
on August 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
28.63 Settlement Statement of the Trust
for the period ended August 3, 1996
and the related distributions made
on August 15, 1996.
Prime Credit Card Master Trust 22-Aug-96
2:43 PM
Settlement Statement
______________________________
Distribution Date: 15-Aug-96
Monthly Period: July, 1996
07-Jul-96
03-Aug-96
(i) Collections 360,767,108
Finance Charge 45,975,571
Principal 314,791,537
(ii) Investor Percentage - Principal Collections 03-Aug-96
Series 1992-1 23.58%
A 19.45%
B 1.75%
C 2.38%
Series 1992-2 23.58%
A 19.45%
B 1.75%
C 2.38%
Series 1992-3 0.68%
A 0.56%
B 0.12%
Series 1995-1 28.10%
A 23.60%
B 2.25%
C 2.25%
Series 1996-1 11.22%
A 9.42%
B 0.90%
C 0.90%
Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 03-Aug-96
Series 1992-1 23.58%
A 19.45%
B 1.75%
C 2.38%
Series 1992-2 23.58%
A 19.45%
B 1.75%
C 2.38%
Series 1992-3 0.68%
A 0.56%
B 0.12%
Series 1995-1 28.10%
A 23.60%
B 2.25%
C 2.25%
Series 1996-1 11.22%
A 9.42%
B 0.90%
C 0.90%
(iii) Distribution Amount per $1,000 15-Aug-96
Series 1992-1 5.837
A 5.875
B 6.292
C 4.913
Series 1992-2 6.146
A 6.208
B 6.625
C 4.913
Series 1992-3 825.997
A 1,001.208
B -
Series 1995-1 5.636
A 5.625
B 5.750
C -
Series 1996-1 5.594
A 5.583
B 5.708
C -
Total $'s Distributed
Series 1992-1 3,087,710
Series 1992-2 3,251,210
Series 1992-3 273,141,000
Series 1995-1 3,370,250
Series 1996-1 1,335,900
(iv) Allocation to Principal per $1,000 15-Aug-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 -
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 272,811,463
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 272,811,463
Series 1995-1 0.00
Series 1996-1 0.00
(v) Allocation to Interest per $1,000 15-Aug-96
Series 1992-1 5.837
A 5.875
B 6.292
C 4.913
Series 1992-2 6.146
A 6.208
B 6.625
C 4.913
Series 1992-3 0.997
A 1.208
B -
Series 1995-1 5.636
A 5.625
B 5.750
C -
Series 1996-1 5.594
A 5.583
B 5.708
C -
Total $'s Distributed
Series 1992-1 3,087,709.83
Series 1992-2 3,251,209.83
Series 1992-3 329,537.39
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vi) Investor Default Amount
Series 1992-1 4,099,161
A 3,381,526
B 304,337
C 413,298
Series 1992-2 4,099,161
A 3,381,526
B 304,337
C 413,298
Series 1992-3 555,758
A 458,500
B 97,258
Series 1995-1 4,884,426
A 4,102,918
B 390,754
C 390,754
Series 1996-1 1,950,765
A 1,638,161
B 156,302
C 156,302
(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 1992-3 141,661.94
A 116,871.10
B 24,790.84
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 03-Aug-96 2,382,077,682
Principal Receivables in Trust 2,307,995,066
(xi) Invested Amount 03-Aug-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 27,913,480.25
A 23,028,621.21
B 4,884,859.04
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 13.9%
Finance Charge Receivables Factor 3.1%
(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 75.4% $1,766,397,936.00
30 days 15.3% 358,482,776.00
60 days 3.8% 88,811,909.00
90 days 1.8% 42,321,413.00
120 days 1.2% 28,660,124.00
150 days 1.0% 23,504,731.00
180 days+ 1.5% 34,103,924.00
Total 100.000% $2,342,282,813.00
Balance in Pre-Funding Account 0.00
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