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Previous: ACTION PERFORMANCE COMPANIES INC, 4, 1999-09-23 |
Next: DANKA BUSINESS SYSTEMS PLC, DEF 14A, 1999-09-23 |
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, 1999
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:
29.00 Settlement Statement of the Trust
for the period ended August 28, 1999
and the related distributions made
on September 15, 1999.
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 23, 1999 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
29.00 Settlement Statement of the Trust
for the period ended August 28, 1999
and the related distributions made
on September 15, 1999.
Exhibit 29.00
Settlement Statement of the Trust for the Period
Ending August 28, 1999 and the Related
Distributions made on September 15, 1999.
Prime Credit Card Master Trust 15-Sep-99
04:36 PM
Settlement Statement
- ------------------
Distribution Date: 15-Sep-99
Monthly Period: August 1999
01-Aug-99
28-Aug-99
(i) Collections 341,945,945
Finance Charge 39,481,268
Principal 302,464,678
(ii) Investor Percentage - Principal Collections 28-Aug-99
Series 1992-2 29.84%
A 24.62%
B 2.22%
C 3.01%
Series 1992-3 7.70%
A 6.35%
B 1.35%
Series 1995-1 35.56%
A 29.87%
B 2.84%
C 2.84%
Series 1996-1 14.20%
A 11.92%
B 1.14%
C 1.14%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 17.53%
A 12.31%
B 2.22%
C 3.01%
Series 1992-3 7.70%
A 6.35%
B 1.35%
Series 1995-1 35.56%
A 29.87%
B 2.84%
C 2.84%
Series 1996-1 14.20%
A 11.92%
B 1.14%
C 1.14%
(iv) Distribution Amount per $1,000 15-Sep-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.061
A 3.711
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 1992-3 385,639.62
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Sep-99
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-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.061
A 3.711
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 1992-3 385,639.62
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 1,698,884.32
A 1,192,664.50
B 214,679.61
C 291,540.21
Series 1992-3 648,737.53
A 535,208.46
B 113,529.07
Series 1995-1 3,347,632.79
A 2,812,011.54
B 267,810.62
C 267,810.62
Series 1996-1 1,336,993.06
A 1,122,744.56
B 107,124.25
C 107,124.25
(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 1992-2 659,166.67
A 500,000.00
B 67,500.00
C 91,666.67
Series 1992-3 184,536.17
A 152,242.34
B 32,293.83
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 1992-2 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 28-Aug-99 1,914,208,212
Principal Receivables in Trust 1,824,699,836
(xii) Invested Amount 28-Aug-99
Series 1992-2 320,500,000.00
A 225,000,000.00
B 40,500,000.00
C 55,000,000.00
Series 1992-3 138,310,824.36
A 114,106,430.10
B 24,204,394.26
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 10.952%
Finance Charge Receivables Factor 4.676%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 87.5% $1,576,970,976
30 days 7.1% $127,720,527
60 days 1.8% $32,681,573
90 days 0.9% $16,867,533
120 days 0.7% $12,628,132
150 days 0.7% $13,051,013
180 days+ 1.3% $22,636,896
Total 100.000% $1,802,556,649
Balance in Principal Funding Account 28-Aug-99 $225,000,000
Balance in Excess-Funding Account $0
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