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Previous: NORTH CAROLINA MUNICIPALS PORTFOLIO, N-30D, 1996-10-23 |
Next: MISSOURI MUNICIPALS PORTFOLIO, N-30D, 1996-10-23 |
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): October 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:
28.65 Settlement Statement of the Trust
for the period ended October 5, 1996
and the related distributions made
on October 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: October 23, 1996 By: /s/ David W. Dawson
David W.Dawson, Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.65 Settlement Statement of the Trust
for the period ended October 5, 1996
and the related distributions made
on October 15, 1996.
Prime Credit Card Master Trust 13-Oct-96
03:28 PM
Settlement Statement
- ----
Distribution Date: 15-Oct-96
Monthly September 1996
Period: 01-Sep-96
05-Oct-96
(i) Collections 427,504,366
Finance Charge 49,911,043
Principal 377,593,324
(ii) Investor Percentage - Principal Collections 05-Oct-96
Series 1992-1 23.13%
A 19.08%
B 1.72%
C 2.33%
Series 1992-2 23.13%
A 19.08%
B 1.72%
C 2.33%
Series 1992-3 1.59%
A 1.31%
B 0.28%
Series 1995-1 27.56%
A 23.15%
B 2.20%
C 2.20%
Series 1996-1 11.01%
A 9.24%
B 0.88%
C 0.88%
Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 05-Oct-96
Series 1992-1 23.13%
A 19.08%
B 1.72%
C 2.33%
Series 1992-2 23.13%
A 19.08%
B 1.72%
C 2.33%
Series 1992-3 1.59%
A 1.31%
B 0.28%
Series 1995-1 27.56%
A 23.15%
B 2.20%
C 2.20%
Series 1996-1 11.01%
A 9.24%
B 0.88%
C 0.88%
(iii) Distribution Amount per $1,000 15-Oct-96
Series 1992-1 5.838
A 5.875
B 6.292
C 4.932
Series 1992-2 6.147
A 6.208
B 6.625
C 4.932
Series 1992-3 825.844
A 1,001.023
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 3,088,458.16
Series 1992-2 3,251,958.16
Series 1992-3 170,140,000.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(iv) Allocation to Principal per $1,000 15-Oct-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 169,966,168.62
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 169,966,168.62
Series 1995-1 0.00
Series 1996-1 0.00
(v) Allocation to Interest per $1,000 15-Oct-96
Series 1992-1 5.838
A 5.875
B 6.292
C 4.932
Series 1992-2 6.147
A 6.208
B 6.625
C 4.932
Series 1992-3 0.844
A 1.023
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 3,088,458.16
Series 1992-2 3,251,958.16
Series 1992-3 173,831.38
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vi) Investor Default Amount
Series 1992-1 5,153,865.62
A 4,251,584.84
B 382,642.64
C 519,638.15
Series 1992-2 5,153,865.62
A 4,251,584.84
B 382,642.64
C 519,638.15
Series 1992-3 353,159.13
A 291,356.28
B 61,802.85
Series 1995-1 6,141,178.08
A 5,158,589.59
B 491,294.25
C 491,294.25
Series 1996-1 2,452,692.02
A 2,059,656.63
B 196,517.70
C 196,517.70
(vii) Investor Charge Offs
Charge Reimbursements
Offs
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 65,690.91
A 54,195.00
B 11,495.91
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 05-Oct-96 2,429,787,657
Principal Receivables in Trust 2,352,763,388
(xi) Invested Amount 05-Oct-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 37,580,859.89
A 31,004,209.41
B 6,576,650.48
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 10.7%
Finance Charge Receivables Factor 3.2%
(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 75.5% 1,746,025,656
30 days 15.4% 355,408,453
60 days 3.6% 82,606,178
90 days 1.8% 42,756,939
120 days 1.3% 29,963,037
150 days 1.1% 25,779,354
180 days+ 1.3% 31,190,682
Total 100.000% 2,313,730,299
Balance in Pre-Funding Account 0.00
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