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Previous: VAN KAMPEN MERRITT UTILITY INCOME TRUST SERIES 6, 24F-2NT, 1997-02-26 |
Next: JOHNSON MUTUAL FUNDS TRUST, 24F-2NT, 1997-02-26 |
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): February 18, 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:
28.69 Settlement Statement of the Trust
for the period ended February 1, 1997
and the related distributions made
on February 18, 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: February 26, 1997 By: /s/ David W. Dawson
David W.Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.69 Settlement Statement of the Trust
for the period ended February 1,1997
and the related distributions made
on February 18, 1997.
Prime Credit Card Master Trust 14-Feb-97
04:31 PM
Settlement Statement
Distribution Date: 18-Feb-97
Monthly Period: January 1997
05-Jan-97
01-Feb-97
(i) Collections 516,863,353
Finance Charge 55,795,247
Principal 461,068,106
(ii) Investor Percentage - Principal Collections 01-Feb-97
Series 1992-1 21.92%
A 18.08%
B 1.63%
C 2.21%
Series 1992-2 21.92%
A 18.08%
B 1.63%
C 2.21%
Series 1992-3 4.67%
A 3.86%
B 0.82%
Series 1995-1 26.11%
A 21.94%
B 2.09%
C 2.09%
Series 1996-1 10.43%
A 8.76%
B 0.84%
C 0.84%
(iii) Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 01-Feb-97
Series 1992-1 21.92%
A 18.08%
B 1.63%
C 2.21%
Series 1992-2 21.92%
A 18.08%
B 1.63%
C 2.21%
Series 1992-3 4.67%
A 3.86%
B 0.82%
Series 1995-1 26.11%
A 21.94%
B 2.09%
C 2.09%
Series 1996-1 10.43%
A 8.76%
B 0.84%
C 0.84%
(iv) Distribution Amount per $1,000 18-Feb-97
Series 1992-1 5.877
A 5.875
B 6.292
C 5.466
Series 1992-2 6.186
A 6.208
B 6.625
C 5.466
Series 1992-3 826.082
A 1,001.312
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 3,108,990.54
Series 1992-2 3,272,490.54
Series 1992-3 774,155,000.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 18-Feb-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 773,140,794.75
Series 1992-1 0.00
Series 1992-2 0.00
Series 1992-3 773,140,794.75
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 18-Feb-97
Series 1992-1 5.877
A 5.875
B 6.292
C 5.466
Series 1992-2 6.186
A 6.208
B 6.625
C 5.466
Series 1992-3 1.082
A 1.312
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 3,108,990.54
Series 1992-2 3,272,490.54
Series 1992-3 1,014,205.25
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-1 4,197,626.40
A 3,462,753.22
B 311,647.79
C 423,225.39
Series 1992-2 4,197,626.40
A 3,462,753.22
B 311,647.79
C 423,225.39
Series 1992-3 1,649,058.27
A 1,360,473.07
B 288,585.20
Series 1995-1 5,001,754.65
A 4,201,473.91
B 400,140.37
C 400,140.37
Series 1996-1 1,997,623.85
A 1,677,511.55
B 160,056.15
C 160,056.15
(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 1992-3 311,576.15
A 257,050.32
B 54,525.83
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 01-Feb-97 2,551,014,278
Principal Receivables in Trust 2,476,524,661
(xii) Invested Amount 01-Feb-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 1992-3 176,971,996.06
A 146,001,896.75
B 30,970,099.31
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 10.33%
Finance Charge Receivables Factor 2.92%
(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% 1,947,562,753
30 days 16.2% 416,833,506
60 days 3.3% 85,876,210
90 days 1.5% 39,768,324
120 days 1.1% 29,057,463
150 days 1.0% 25,501,994
180 days+ 1.3% 34,347,221
Total 100.000% 2,578,947,471
Balance in Pre-Funding Account 0.00
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