|
|
|
|
|
|
|
|
|
|
Previous: FIRST TRUST SPECIAL SIT TR SER 43 NEB GRO & TRE SEC TR SER 2, 24F-2NT, 1999-08-25 |
Next: FIRST TRUST SPEC SIT TR SER 44 CHESA GRO & TREA SEC TR SER 1, 24F-2NT, 1999-08-25 |
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, 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:
28.99 Settlement Statement of the Trust
for the period ended July 31, 1999
and the related distributions made
on August 16, 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: August 25, 1999 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
28.99 Settlement Statement of the Trust
for the period ended July 31, 1999
and the related distributions made
on August 16, 1999.
Exhibit 28.99
Settlement Statement of the Trust for the Period
Ending July 31, 1999 and the Related
Distributions made on August 16, 1999.
Prime Credit Card Master Trust 17-Aug-99
04:19 PM
Settlement Statement
- ------------------
Distribution Date: 16-Aug-99
Monthly Period: July 1999
04-Jul-99
31-Jul-99
(i) Collections 352,349,057
Finance Charge 40,471,440
Principal 311,877,617
(ii) Investor Percentage - Principal Collections 31-Jul-99
Series 1992-2 30.15%
A 24.87%
B 2.24%
C 3.04%
Series 1992-3 2.68%
A 2.21%
B 0.47%
Series 1995-1 35.92%
A 30.18%
B 2.87%
C 2.87%
Series 1996-1 14.35%
A 12.05%
B 1.15%
C 1.15%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 21.86%
A 16.58%
B 2.24%
C 3.04%
Series 1992-3 2.68%
A 2.21%
B 0.47%
Series 1995-1 35.92%
A 30.18%
B 2.87%
C 2.87%
Series 1996-1 14.35%
A 12.05%
B 1.15%
C 1.15%
(iv) Distribution Amount per $1,000 16-Aug-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.221
A 3.904
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 1992-3 210,555.02
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 16-Aug-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 16-Aug-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.221
A 3.904
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 1992-3 210,555.02
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 2,170,755.85
A 1,646,591.04
B 222,289.79
C 301,875.02
Series 1992-3 342,784.20
A 282,796.97
B 59,987.24
Series 1995-1 3,436,654.32
A 2,886,789.63
B 274,932.35
C 274,932.35
Series 1996-1 1,372,546.85
A 1,152,600.98
B 109,972.94
C 109,972.94
(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 1992-2 784,166.67
A 646,883.59
B 67,500.00
C 91,666.67
Series 1992-3 99,722.94
A 82,271.43
B 17,451.51
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 31-Jul-99 1,884,863,906
Principal Receivables in Trust 1,801,892,197
(xii) Invested Amount 31-Jul-99
Series 1992-2 395,500,000.00
A 300,000,000.00
B 40,500,000.00
C 55,000,000.00
Series 1992-3 41,212,507.87
A 34,000,318.99
B 7,212,188.88
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 10.386%
Finance Charge Receivables Factor 4.402%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 86.1% $1,540,104,862
30 days 8.1% $145,031,318
60 days 1.8% $32,888,912
90 days 0.9% $16,872,630
120 days 0.8% $14,584,303
150 days 0.8% $14,244,748
180 days+ 1.4% $24,182,110
Total 100.000% $1,787,908,884
Balance in Principal Funding Account 31-Jul-99 $150,000,000
Balance in Excess-Funding Account $0
|
|