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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): September 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:
28.88 Settlement Statement of the Trust
for the period ended August 29, 1998
and the related distributions made
on September 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: September 17, 1998 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.88 Settlement Statement of the Trust
for the period ended August 29, 1998
and the related distributions made
on September 17, 1998.
Exhibit 28.88
Settlement Statement of the Trust for the Period
Ending August 29, 1998 and the Related
Distributions made on September 17, 1998.
Prime Credit Card Master Trust 17-Sep-98
09:53 AM
Settlement Statement
- ------------------
Distribution Date: 15-Sep-98
Monthly Period: August 1998
02-Aug-98
29-Aug-98
(i) Collections 351,787,113
Finance Charge 39,992,683
Principal 311,794,430
(ii) Investor Percentage - Principal Collections 29-Aug-98
Series 1992-2 28.87%
A 23.82%
B 2.14%
C 2.91%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 34.41%
A 28.90%
B 2.75%
C 2.75%
Series 1996-1 13.74%
A 11.54%
B 1.10%
C 1.10%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 28.87%
A 23.82%
B 2.14%
C 2.91%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 34.41%
A 28.90%
B 2.75%
C 2.75%
Series 1996-1 13.74%
A 11.54%
B 1.10%
C 1.10%
(iv) Distribution Amount per $1,000 15-Sep-98
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
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 1992-2 3,062,062.50
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-Sep-98
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 1992-2 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-Sep-98
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
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 1992-2 3,062,062.50
Series 1992-3 0.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 3,573,176.75
A 2,947,625.18
B 265,286.27
C 360,265.30
Series 1992-3 0.00
A 0.00
B 0.00
Series 1995-1 4,257,680.79
A 3,576,451.86
B 340,614.46
C 340,614.46
Series 1996-1 1,700,452.22
A 1,427,960.65
B 136,245.79
C 136,245.79
(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 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 1992-2 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 29-Aug-98 1,978,150,033
Principal Receivables in Trust 1,890,320,172
(xii) Invested Amount 29-Aug-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 10.686%
Finance Charge Receivables Factor 4.44%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 82.3% $1,595,786,244
30 days 10.3% 199,911,543
60 days 2.6% 49,707,703
90 days 1.4% 27,226,209
120 days 1.1% 21,695,258
150 days 1.0% 18,908,714
180 days+ 1.4% 26,915,119
Total 100.000% $1,940,150,790
Balance in Principal Account 29-Aug-98 $0
Balance in Excess-Funding Account $0
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