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Previous: SALOMON BROTHERS HIGH INCOME FUND INC, NSAR-A, 1997-08-26 |
Next: INCOME OPPORTUNITIES FUND 2000 INC, NSAR-A, 1997-08-26 |
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, 1997
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:
28.75 Settlement Statement of the Trust
for the period ended August 2, 1997
and the related distributions made
on August 15, 1997.
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 26, 1997 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.75 Settlement Statement of the Trust
for the period ended August 2, 1997
and the related distributions made
on August 15, 1997.
Exhibit 28.75
Settlement Statement of the Trust for the Period
Ending August 2, 1997 and the Related
Distributions made on August 15, 1997.
25-Aug-97
01:41 PM
Settlement Statement
- ----------------
Distribution Date: 15-Aug-97
Monthly Period July 1997
06-Jul-97
02-Aug-97
(i) Collections 372,390,772
Finance Charge 41,385,184
Principal 331,005,588
(ii) Investor Percentage - Principal Collections 02-Aug-97
Series 1992-1 24.40%
A 20.13%
B 1.81%
C 2.46%
Series 1992-2 24.40%
A 20.13%
B 1.81%
C 2.46%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 29.08%
A 24.43%
B 2.33%
C 2.33%
Series 1996-1 11.61%
A 9.75%
B 0.93%
C 0.93%
(iii) Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 02-Aug-97
Series 1992-1 24.40%
A 20.13%
B 1.81%
C 2.46%
Series 1992-2 24.40%
A 20.13%
B 1.81%
C 2.46%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 29.08%
A 24.43%
B 2.33%
C 2.33%
Series 1996-1 11.61%
A 9.75%
B 0.93%
C 0.93%
(iv) Distribution Amount per $1,000 15-Aug-97
Series 1992-1 5.890
A 5.875
B 6.292
C 5.637
Series 1992-2 6.199
A 6.208
B 6.625
C 5.637
Series 1992-3 0.00
A 0.00
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 3,115,591.24
Series 1992-2 3,279,091.24
Series 1992-3 0.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Aug-97
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 0.00
A 0.00
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 0.00
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 0.00
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 15-Aug-97
Series 1992-1 5.890
A 5.875
B 6.292
C 5.637
Series 1992-2 6.199
A 6.208
B 6.625
C 5.637
Series 1992-3 0.000
A 0.000
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 3,115,591.24
Series 1992-2 3,279,091.24
Series 1992-3 0.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-1 4,469,690.54
A 3,687,187.43
B 331,846.87
C 450,656.24
Series 1992-2 4,469,690.54
A 3,687,187.43
B 331,846.87
C 450,656.24
Series 1992-3 0.00
A 0.00
B 0.00
Series 1995-1 5,325,937.38
A 4,473,787.40
B 426,074.99
C 426,074.99
Series 1996-1 2,127,097.46
A 1,786,237.47
B 170,430.00
C 170,430.00
(viii) 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
(ix) 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 0.00
A 0.00
B 0.00
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
(x) 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
(xi) Receivables in Trust 02-Aug-97 2,185,471,421
Principal Receivables in Trust 2,108,324,280
(xii) Invested Amount 02-Aug-97
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 0.00
A 0.00
B 0.00
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
(xiii) Enhancement NA
(xiv) 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
(xv) Yield Factor 10.134%
Finance Charge Receivables Factor 3.53%
(xvi) Payout Event
Series 1992-1 NO
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 78.2% $1,542,302,028
30 days 13.2% 260,315,593
60 days 3.2% 63,290,374
90 days 1.7% 32,765,594
120 days 1.2% 23,582,904
150 days 1.1% 20,873,426
180 days+ 1.5% 29,345,185
Total 100.000% $1,972,475,103
Balance in Pre-Funding Account $0
Balance in Excess-Funding Account $124,357,000
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