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Previous: OREGON MUNICIPALS PORTFOLIO, NSAR-A, 1997-04-24 |
Next: GARDEN BOTANIKA INC, 10-K, 1997-04-24 |
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): April 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 (IRS I.D. No.) (Commission File
Incorporation) Number)
_____________________________________________________________________
Item 5. Other Events.
NONE
Item 7.
Financial Statements, Pro Forma Financial Information, and
Exhibits.
The following Exhibits are filed with this Report:
28.71 Settlement Statement of the Trust
for the period ended April 5, 1997
and the related distributions made
on April 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: April 23, 1997 By: /s/ David W. Dawson
David W.Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.71 Settlement Statement of the Trust
for the period ended April 5,1997
and the related distributions made
on April 15, 1997.
Prime Credit Card Master Trust 23-Apr-97
03:51 PM
Settlement Statement
- ------------------------------
Distribution Date: 15-Apr-97
Monthly Period: March 1997
02-Mar-97
05-Apr-97
(i) Collections 485,898,729
Finance Charge 48,533,641
Principal 437,365,088
(ii) Investor Percentage - Principal Collections 05-Apr-97
Series 1992-1 23.78%
A 19.62%
B 1.77%
C 2.40%
Series 1992-2 23.78%
A 19.62%
B 1.77%
C 2.40%
Series 1992-3 1.59%
A 1.31%
B 0.28%
Series 1995-1 28.34%
A 23.80%
B 2.27%
C 2.27%
Series 1996-1 11.32%
A 9.50%
B 0.91%
C 0.91%
(iii) Investor Percentage - Finance Charge Collections,
Receivables in Defaulted Accounts 05-Apr-97
Series 1992-1 23.78%
A 19.62%
B 1.77%
C 2.40%
Series 1992-2 23.78%
A 19.62%
B 1.77%
C 2.40%
Series 1992-3 1.59%
A 1.31%
B 0.28%
Series 1995-1 28.34%
A 23.80%
B 2.27%
C 2.27%
Series 1996-1 11.32%
A 9.50%
B 0.91%
C 0.91%
(iv) Distribution Amount per $1,000 15-Apr-97
Series 1992-1 5.877
A 5.875
B 6.292
C 5.462
Series 1992-2 6.186
A 6.208
B 6.625
C 5.462
Series 1992-3 825.52
A 1,000.64
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 3,108,850.59
Series 1992-2 3,272,350.59
Series 1992-3 505,971,999.99
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Apr-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 1992-3 825.00
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 505,650,412.31
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 505,650,412.31
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 15-Apr-97
Series 1992-1 5.877
A 5.875
B 6.292
C 5.462
Series 1992-2 6.186
A 6.208
B 6.625
C 5.462
Series 1992-3 0.525
A 0.636
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 3,108,850.59
Series 1992-2 3,272,350.59
Series 1992-3 321,587.68
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-1 5,346,442.48
A 4,410,447.51
B 396,940.28
C 539,054.70
Series 1992-2 5,346,442.48
A 4,410,447.51
B 396,940.28
C 539,054.70
Series 1992-3 632,694.89
A 521,973.28
B 110,721.61
Series 1995-1 6,370,646.43
A 5,351,343.00
B 509,651.71
C 509,651.71
Series 1996-1 2,544,338.16
A 2,136,616.79
B 203,860.68
C 203,860.68
(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 98,104.09
A 80,935.87
B 17,168.22
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 05-Apr-97 2,368,109,949
Principal Receivables in Trust 2,285,462,912
(xii) Invested Amount 05-Apr-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 31,547,692.12
A 26,026,846.00
B 5,520,846.12
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 9.350%
Finance Charge Receivables Factor 3.490%
(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 75.5% $ 1,773,949,780
30 days 15.6% 365,452,554
60 days 3.5% 82,576,971
90 days 1.8% 42,168,389
120 days 1.2% 28,181,376
150 days 1.0% 23,753,896
180 days+ 1.4% 32,195,126
Total 100.000% $ 2,348,278,092
Balance in Pre-Funding Account 0.00
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