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Previous: BREED TECHNOLOGIES INC, S-4, 1998-06-24 |
Next: PUTNAM INVESTMENT GRADE MUNICIPAL TRUST II, N-30D, 1998-06-24 |
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): June 15, 1998
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:
28.85 Settlement Statement of the Trust
for the period ended May 30, 1998
and the related distributions made
on June 15, 1998.
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: June 24, 1998 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.85 Settlement Statement of the Trust
for the period ended May 30, 1998
and the related distributions made
on June 15, 1998.
Exhibit 28.84
Settlement Statement of the Trust for the Period
Ending May 30, 1998 and the Related
Distributions made on June 15, 1998.
Prime Credit Card Master Trust 22-Jun-98
10:21 AM
Settlement Statement
- ------------------
Distribution Date: 15-Jun-98
Monthly Period: May 1998
03-May-98
30-May-98
(i) Collections 365,071,362
Finance Charge 41,095,296
Principal 323,976,065
(ii) Investor Percentage - Principal Collections 30-May-98
Series 1992-2 27.46%
A 22.65%
B 2.04%
C 2.77%
Series 1992-3 2.01%
A 1.66%
B 0.35%
Series 1995-1 32.72%
A 27.49%
B 2.62%
C 2.62%
Series 1996-1 13.07%
A 10.97%
B 1.05%
C 1.05%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 27.46%
A 22.65%
B 2.04%
C 2.77%
Series 1992-3 2.01%
A 1.66%
B 0.35%
Series 1995-1 32.72%
A 27.49%
B 2.62%
C 2.62%
Series 1996-1 13.07%
A 10.97%
B 1.05%
C 1.05%
(iv) Distribution Amount per $1,000 15-Jun-98
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 829.175
A 1,005.060
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 1992-2 3,062,062.50
Series 1992-3 175,390,903.69
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Jun-98
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 175,021,485.06
Series 1992-2 0.00
Series 1992-3 175,021,485.06
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 15-Jun-98
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 4.175
A 5.060
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 1992-2 3,062,062.50
Series 1992-3 369,418.63
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-1 0.00
A 0.00
B 0.00
C 0.00
Series 1992-2 4,732,222.12
A 3,903,757.94
B 351,338.21
C 477,125.97
Series 1992-3 676,851.84
A 558,402.77
B 118,449.07
Series 1995-1 5,638,761.49
A 4,736,559.65
B 451,100.92
C 451,100.92
Series 1996-1 2,252,034.57
A 1,891,153.84
B 180,440.37
C 180,440.37
(viii) Investor Charge Offs
Charge Offs Reimbursements
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 1992-2 909,166.67
A 750,000.00
B 67,500.00
C 91,666.67
Series 1992-3 141,347.03
A 116,611.30
B 24,735.73
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 1992-2 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 30-May-98 2,069,538,260
Principal Receivables in Trust 1,986,135,869
(xii) Invested Amount 30-May-98
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 1992-2 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 10.761%
Finance Charge Receivables Factor 4.03%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 81.5% $1,658,928,856
30 days 11.0% 224,823,421
60 days 2.5% 50,332,715
90 days 1.4% 28,251,316
120 days 1.1% 22,556,839
150 days 1.1% 21,402,525
180 days+ 1.4% 29,260,910
Total 100.000% $2,035,556,581
Balance in Principal Acc 30-May-98 $0
Balance in Excess-Funding Account $0
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