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Previous: COLORADO MUNICIPALS PORTFOLIO, N-30D, 1998-05-27 |
Next: WNC CALIFORNIA HOUSING TAX CREDITS III LP, SC 14D9, 1998-05-27 |
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): May 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:
28.84 Settlement Statement of the Trust
for the period ended May 2, 1998
and the related distributions made
on May 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: May 27, 1998 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.84 Settlement Statement of the Trust
for the period ended May 2, 1998
and the related distributions made
on May 15, 1998.
Exhibit 28.84
Settlement Statement of the Trust for the Period
Ending May 2, 1998 and the Related
Distributions made on May 15, 1998.
Prime Credit Card Master Trust 15-May-98
03:27 PM
Settlement Statement
- ------------------
Distribution Date: 15-May-98
Monthly Period: April 1998
05-Apr-98
02-May-98
(i) Collections 358,443,644
Finance Charge 36,809,525
Principal 321,634,120
(ii) Investor Percentage - Principal Collections 02-May-98
Series 1992-2 27.26%
A 22.48%
B 2.02%
C 2.75%
Series 1992-3 10.00%
A 8.25%
B 1.75%
Series 1995-1 32.48%
A 27.28%
B 2.60%
C 2.60%
Series 1996-1 12.97%
A 10.89%
B 1.04%
C 1.04%
(iii) Investor Percentage - Finance Charge Collections, Receivables
in Defaulted Accounts 02-May-98
Series 1992-2 27.26%
A 22.48%
B 2.02%
C 2.75%
Series 1992-3 10.00%
A 8.25%
B 1.75%
Series 1995-1 32.48%
A 27.28%
B 2.60%
C 2.60%
Series 1996-1 12.97%
A 10.89%
B 1.04%
C 1.04%
(iv) Distribution Amount per $1,000 15-May-98
Series 1992-2 6.243
A 6.208
B 6.625
C 55000 0.000
Series 1992-3 3.405
A 4.128
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 1992-3 552,056.81
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-May-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-May-98
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.405
A 4.128
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 1992-3 552,056.81
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 5,042,995.90
A 4,160,124.94
B 374,411.24
C 508,459.71
Series 1992-3 1,448,617.25
A 1,195,109.23
B 253,508.02
Series 1995-1 6,009,069.36
A 5,047,618.26
B 480,725.55
C 480,725.55
Series 1996-1 2,399,929.85
A 2,015,349.41
B 192,290.22
C 192,290.22
(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 1992-3 170,192.38
A 140,408.71
B 29,783.67
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 02-May-98 2,084,105,733
Principal Receivables in Trust 1,997,198,524
(xii) Invested Amount 02-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 1992-3 212,147,860.68
A 175,021,985.06
B 37,125,875.62
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 9.567%
Finance Charge Receivables Factor 4.17%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 82.4% $1,709,115,330
30 days 9.9% 205,315,856
60 days 2.5% 52,611,066
90 days 1.4% 29,737,386
120 days 1.2% 24,973,009
150 days 1.0% 21,358,730
180 days+ 1.5% 30,779,038
Total 100.000% $2,073,890,415
Balance in Principal Acco2-May-98 $0
Balance in Excess-Funding Account $0
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