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Previous: CELL THERAPEUTICS INC, 8-K, 1998-07-24 |
Next: CORPORATE INCOME FD INSURED SERIES 19 DEFINED ASSET FDS, 497, 1998-07-24 |
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): July 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:
28.86 Settlement Statement of the Trust
for the period ended July 4, 1998
and the related distributions made
on July 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: July 24, 1998 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.86 Settlement Statement of the Trust
for the period ended July 4, 1998
and the related distributions made
on July 15, 1998.
Exhibit 28.86
Settlement Statement of the Trust for the Period
Ending July 4, 1998 and the Related
Distributions made on July 15, 1998.
Prime Credit Card Master Trust 23-Jul-98
10:07 AM
Settlement Statement
- -----------------------
Distribution Date: 15-Jul-98
Monthly Period: June 1998
31-May-98
04-Jul-98
(i) Collections 441,242,136
Finance Charge 48,488,217
Principal 392,753,918
(ii) Investor Percentage - Principal Collections 04-Jul-98
Series 1992-2 27.96%
A 23.07%
B 2.08%
C 2.82%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 33.32%
A 27.99%
B 2.67%
C 2.67%
Series 1996-1 13.31%
A 11.17%
B 1.07%
C 1.07%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 27.96%
A 23.07%
B 2.08%
C 2.82%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 33.32%
A 27.99%
B 2.67%
C 2.67%
Series 1996-1 13.31%
A 11.17%
B 1.07%
C 1.07%
(iv) Distribution Amount per $1,000 15-Jul-98
Series 1992-2 6.243
A 6.208
B 6.625
C 55000 0.000
Series 1992-3 #DIV/0!
A #DIV/0!
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-Jul-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-Jul-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 5,405,027.79
A 4,458,776.36
B 401,289.87
C 544,961.56
Series 1992-3 0.04
A 0.03
B 0.01
Series 1995-1 6,440,454.75
A 5,409,981.99
B 515,236.38
C 515,236.38
Series 1996-1 2,572,218.56
A 2,160,029.45
B 206,094.55
C 206,094.55
(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 04-Jul-98 2,036,156,986
Principal Receivables in Trust 1,953,285,397
(xii) Invested Amount 04-Jul-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 9.828%
Finance Charge Receivables Factor 4.07%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 82.2% $1,637,962,941
30 days 10.3% 205,081,368
60 days 2.6% 51,331,104
90 days 1.4% 26,983,730
120 days 1.1% 21,667,733
150 days 1.0% 19,961,867
180 days+ 1.5% 29,461,811
Total 100.000% $1,992,450,553
Balance in Principal Account 4-Jul-98 $0
Balance in Excess-Funding Account $0
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