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<PAGE> 1
- --------------------------------------------------------------------------------
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): February 16, 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)
- --------------------------------------------------------------------------------
Exhibit Index is on page 4
<PAGE> 2
Item 5. Other Events.
-------------
None
Item 7. Financial Statements, Pro Forma Financial Information, and Exhibits.
--------------------------------------------------------------------
The following Exhibits are filed with this Report:
28.93 Settlement Statement of the Trust for the period ended
January 30, 1999 and the related distributions made on
February 16, 1999.
<PAGE> 3
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: February 24, 1999 By: /s/ DAVID W. DAWSON
----------------------------- -------------------
David W. Dawson,
Treasurer
<PAGE> 4
INDEX TO EXHIBITS
-----------------
Exhibit Sequentially
Number Exhibit Numbered Page
- ------ ------- -------------
28.93 Settlement Statement of the Trust
for the period ended January 30, 1999
and the related distributions made
on February 16, 1999.
<PAGE> 1
Exhibit 28.93
Settlement Statement of the Trust for the Period
Ending January 30, 1999 and the Related
Distributions made on February 16, 1999.
<PAGE> 2
<TABLE>
<CAPTION>
Prime Credit Card Master Trust 23-Feb-99
08:49 AM
Settlement Statement
- --------------------
Distribution Date: 16-Feb-99
Monthly Period: January 1999
03-Jan-99
30-Jan-99
<S> <C> <C>
(i) Collections 538,036,846
Finance Charge 53,812,591
Principal 484,224,255
(ii) Investor Percentage - Principal Collections 30-Jan-99
Series 1992-2 27.13%
A 22.38%
B 2.01%
C 2.74%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 32.33%
A 27.16%
B 2.59%
C 2.59%
Series 1996-1 12.91%
A 10.84%
B 1.03%
C 1.03%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 27.13%
A 22.38%
B 2.01%
C 2.74%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 32.33%
A 27.16%
B 2.59%
C 2.59%
</TABLE>
Page 1
<PAGE> 3
<TABLE>
<S> <C> <C> <C>
Series 1996-1 12.91%
A 10.84%
B 1.03%
C 1.03%
(iv) Distribution Amount per $1,000 16-Feb-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 825.920
A 1,001.115
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 49,031,174.74
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 16-Feb-99
Series 1992-2 0.000
A 0.000
B 0.000
C 0.000
Series 1992-3 825.00
A 1,000.00
B 0.000
Series 1995-1 0.000
A 0.000
B 0.000
C 0.000
</TABLE>
Page 2
<PAGE> 4
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Series 1996-1 0.000
A 0.000
B 0.000
C 0.000
Total $'s Distributed 48,995,496.68
Series 1992-2 0.00
Series 1992-3 48,995,496.68
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 16-Feb-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 0.920
A 1.115
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 35,678.06
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 3,141,454.38
A 2,591,483.91
B 233,233.55
C 316,736.92
</TABLE>
Page 3
<PAGE> 5
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Series 1992-3 692.42
A 571.25
B 121.17
Series 1995-1 3,743,254.54
A 3,144,333.81
B 299,460.36
C 299,460.36
Series 1996-1 1,494,998.28
A 1,255,429.99
B 119,784.15
C 119,784.15
(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 10,758.81
A 8,876.02
B 1,882.79
Series 1995-1 1,083,333.33
A 910,000.00
B 86,666.67
C 86,666.67
</TABLE>
Page 4
<PAGE> 6
<TABLE>
<CAPTION>
<S> <C> <C> <C>
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-Jan-99 2,074,128,465
Principal Receivables in Trust 1,996,286,424
(xii) Invested Amount 30-Jan-99
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
</TABLE>
Page 5
<PAGE> 7
<TABLE>
<CAPTION>
<S> <C> <C>
(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 9.528%
Finance Charge Receivables Factor 3.75%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 81.4% $1,720,212,610
30 days 11.9% 251,400,657
60 days 2.4% 50,658,337
90 days 1.2% 26,116,481
120 days 1.0% 21,005,236
150 days 0.9% 19,257,736
180 days+ 1.2% 24,698,494
Total 100.000% $2,113,349,552
Balance in Principal Account 30-Jan-99 $0
Balance in Excess-Funding Account $0
</TABLE>
Page 6
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