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Previous: NEW JERSEY MUNICIPALS PORTFOLIO, POS AMI, 1999-11-24 |
Next: MINNESOTA MUNICIPALS PORTFOLIO, POS AMI, 1999-11-24 |
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): November 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:
29.02 Settlement Statement of the Trust
for the period ended October 30, 1999
and the related distributions made
on November 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: November 24, 1999 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
29.02 Settlement Statement of the Trust
for the period ended October 30, 1999
and the related distributions made
on November 15, 1999.
Exhibit 29.02
Settlement Statement of the Trust for the Period
Ending October 30, 1999 and the Related
Distributions made on November 15, 1999.
Prime Credit Card Master Trust 24-Nov-99
08:50 AM
Settlement Statement
- ------------------
Distribution Date: 15-Nov-99
Monthly Period: OCTOBER 1999
03-Oct-99
30-Oct-99
(i) Collections 365,595,832
Finance Charge 45,272,620
Principal 320,323,212
(ii) Investor Percentage - Principal Collections 30-Oct-99
Series 1992-2 28.99%
A 23.91%
B 2.15%
C 2.92%
Series 1992-3 17.59%
A 14.51%
B 3.08%
Series 1995-1 34.54%
A 29.01%
B 2.76%
C 2.76%
Series 1996-1 13.79%
A 11.58%
B 1.11%
C 1.11%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 9.06%
A 3.99%
B 2.15%
C 2.92%
Series 1992-3 17.59%
A 14.51%
B 3.08%
Series 1995-1 34.54%
A 29.01%
B 2.76%
C 2.76%
Series 1996-1 13.79%
A 11.58%
B 1.11%
C 1.11%
(iv) Distribution Amount per $1,000 15-Nov-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.451
A 4.183
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 1,118,294.19
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Nov-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-Nov-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.451
A 4.183
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 1,118,294.19
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 863,854.88
A 379,994.82
B 205,197.20
C 278,662.86
Series 1992-3 1,537,675.51
A 1,268,582.30
B 269,093.21
Series 1995-1 3,111,365.72
A 2,613,547.20
B 248,909.26
C 248,909.26
Series 1996-1 1,242,631.61
A 1,043,504.20
B 99,563.70
C 99,563.70
(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 1992-2 409,166.67
A 250,000.00
B 67,500.00
C 91,666.67
Series 1992-3 485,212.65
A 400,300.44
B 84,912.21
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-Oct-99 1,962,389,329
Principal Receivables in Trust 1,871,491,455
(xii) Invested Amount 30-Oct-99
Series 1992-2 170,500,000.00
A 75,000,000.00
B 40,500,000.00
C 55,000,000.00
Series 1992-3 322,632,653.56
A 266,171,939.19
B 56,460,714.37
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 11.454%
Finance Charge Receivables Factor 4.632%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 86.2% $1,598,370,543
30 days 8.3% $153,111,461
60 days 2.1% $38,884,510
90 days 1.0% $19,027,963
120 days 0.8% $14,394,577
150 days 0.6% $11,811,417
180 days+ 1.1% $19,720,733
Total 100.000% $1,855,321,204
Balance in Principal Funding Account 30-Oct-99 $375,000,000
Balance in Excess-Funding Account $0
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