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Previous: PLATINUM SOFTWARE CORP, 10-K, 1996-09-25 |
Next: MUNICIPAL INVT TR FD MON PYMT SER 544 DEFINED ASSET FDS, 485BPOS, 1996-09-25 |
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): September 16, 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:
28.64 Settlement Statement of the Trust
for the period ended August 31, 1996
and the related distributions made
on September 16, 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: September 25, 1996 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.64 Settlement Statement of the Trust
for the period ended August 31, 1996
and the related distributions made
on September 16, 1996.
Prime Credit Card Master Trust 21-Sep-96
10:46 AM
Settlement Statement
- ----
Distribution Date: 16-Sep-96
Monthly Period: August, 1996
04-Aug-96
31-Aug-96
(i) Collections 344,997,060
Finance Charge 36,877,801
Principal 308,119,259
(ii) Investor Percentage - Principal Collections 31-Aug-96
Series 1992-1 23.50%
A 19.39%
B 1.75%
C 2.37%
Series 1992-2 23.50%
A 19.39%
B 1.75%
C 2.37%
Series 1992-3 1.31%
A 1.08%
B 0.23%
Series 1995-1 28.01%
A 23.53%
B 2.24%
C 2.24%
Series 1996-1 11.19%
A 9.39%
B 0.90%
C 0.90%
Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 31-Aug-96
Series 1992-1 23.50%
A 19.39%
B 1.75%
C 2.37%
Series 1992-2 23.50%
A 19.39%
B 1.75%
C 2.37%
Series 1992-3 1.31%
A 1.08%
B 0.23%
Series 1995-1 28.01%
A 23.53%
B 2.24%
C 2.24%
Series 1996-1 11.19%
A 9.39%
B 0.90%
C 0.90%
(iii) Distribution Amount per $1,000 16-Sep-96
Series 1992-1 5.864
A 5.875
B 6.292
C 5.289
Series 1992-2 6.173
A 6.208
B 6.625
C 5.289
Series 1992-3 825.518
A 1,000.628
B 0.000
Series 1995-1 5.636
A 5.625
B 5.750
C 0.000
Series 1996-1 5.594
A 5.583
B 5.708
C 0.000
Total $'s Distributed
Series 1992-1 3,102,198.81
Series 1992-2 3,265,698.81
Series 1992-3 111,147,455.80
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(iv) Allocation to Principal per $1,000 16-Sep-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 111,077,658.09
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 111,077,658.09
Series 1995-1 0.00
Series 1996-1 0.00
(v) Allocation to Interest per $1,000 16-Sep-96
Series 1992-1 5.864
A 5.875
B 6.292
C 5.289
Series 1992-2 6.173
A 6.208
B 6.625
C 5.289
Series 1992-3 0.518
A 0.628
B 0.000
Series 1995-1 5.636
A 5.625
B 5.750
C 0.000
Series 1996-1 5.594
A 5.583
B 5.708
C 0.000
Total $'s Distributed
Series 1992-1 3,102,198.81
Series 1992-2 3,265,698.81
Series 1992-3 69,797.71
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vi) Investor Default Amount
Series 1992-1 4,180,689.86
A 3,448,781.74
B 310,390.36
C 421,517.77
Series 1992-2 4,180,689.86
A 3,448,781.74
B 310,390.36
C 421,517.77
Series 1992-3 147,925.91
A 122,038.88
B 25,887.03
Series 1995-1 4,981,573.61
A 4,184,521.83
B 398,525.89
C 398,525.89
Series 1996-1 1,989,563.85
A 1,670,743.14
B 159,410.35
C 159,410.35
(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 30,649.10
A 25,285.51
B 5,363.59
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 31-Aug-96 2,400,735,017
Principal Receivables in Trust 2,323,431,350
(xi) Invested Amount 31-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 30,303,838.87
A 25,000,667.07
B 5,303,171.80
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 11.01%
Finance Charge Receivables Factor 3.22%
(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% $1,763,328,829
30 days 14.4% 332,567,592
60 days 3.8% 86,869,274
90 days 1.8% 41,859,444
120 days 1.3% 29,886,193
150 days 1.0% 24,173,801
180 days+ 1.4% 32,437,645
Total 100.000% $2,311,122,778
Balance in Pre-Funding Account 0.00
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