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Previous: DEFINED ASSET FUNDS CORPORATE INCOME FUND INSD SER 16, 485BPOS, 1997-01-24 |
Next: SUNAMERICA SERIES TRUST, 24F-2NT, 1997-01-24 |
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): January 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:
28.68 Settlement Statement of the Trust
for the period ended January 4,1997
and the related distributions made
on January 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: January 24, 1997 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.68 Settlement Statement of the Trust
for the period ended January 4,1997
and the related distributions made
on January 15, 1997.
Prime Credit Card Master Trust 20-Jan-97
11:32 AM
Settlement Statement
Distribution Date: 15-Jan-97
Monthly Period December 1996
01-Dec-96
04-Jan-97
(i) Collections 497,739,387
Finance Charge 55,757,044
Principal 441,982,342
(ii) Investor Percentage - Principal Collections 04-Jan-97
Series 1992-1 19.82%
A 16.35%
B 1.47%
C 2.00%
Series 1992-2 19.82%
A 16.35%
B 1.47%
C 2.00%
Series 1992-3 6.17%
A 5.09%
B 1.08%
Series 1995-1 23.62%
A 19.84%
B 1.89%
C 1.89%
Series 1996-1 9.43%
A 7.92%
B 0.76%
C 0.76%
(iii) Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 04-Jan-97
Series 1992-1 19.82%
A 16.35%
B 1.47%
C 2.00%
Series 1992-2 19.82%
A 16.35%
B 1.47%
C 2.00%
Series 1992-3 6.17%
A 5.09%
B 1.08%
Series 1995-1 23.62%
A 19.84%
B 1.89%
C 1.89%
Series 1996-1 9.43%
A 7.92%
B 0.76%
C 0.76%
(iv) Distribution Amount per $1,000 15-Jan-97
Series 1992-1 5.891
A 5.875
B 6.292
C 5.658
Series 1992-2 6.200
A 6.208
B 6.625
C 5.658
Series 1992-3 825.193
A 1,000.234
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 3,116,383.49
Series 1992-2 3,279,883.49
Series 1992-3 326,283,000.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Jan-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 326,206,570.59
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 326,206,570.59
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 15-Jan-97
Series 1992-1 5.891
A 5.875
B 6.292
C 5.658
Series 1992-2 6.200
A 6.208
B 6.625
C 5.658
Series 1992-3 0.193
A 0.234
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 3,116,383.49
Series 1992-2 3,279,883.49
Series 1992-3 76,429.41
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-1 4,708,315.18
A 3,884,036.35
B 349,563.27
C 474,715.55
Series 1992-2 4,708,315.18
A 3,884,036.35
B 349,563.27
C 474,715.55
Series 1992-3 992,624.43
A 818,915.15
B 173,709.28
Series 1995-1 5,610,274.72
A 4,712,630.76
B 448,821.98
C 448,821.98
Series 1996-1 2,240,657.38
A 1,881,599.80
B 179,528.79
C 179,528.79
(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 1992-3 175,121.66
A 144,475.37
B 30,646.29
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 04-Jan-97 2,831,452,586
Principal Receivables in Trust 2,743,111,265
(xii) Invested Amount 04-Jan-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 10.4%
Finance Charge Receivables Factor 3.1%
(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 78.9% 2,047,785,925.00
30 days 13.2% 343,251,825.00
60 days 2.9% 76,326,838.00
90 days 1.5% 38,553,330.00
120 days 1.1% 28,797,111.00
150 days 0.9% 24,392,646.00
180 days+ 1.3% 34,959,261.00
Total 100.000% 2,594,066,936.00
Balance in Pre-Funding Account 0.00
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