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Previous: PERMA FIX ENVIRONMENTAL SERVICES INC, SC 13G/A, 1999-03-24 |
Next: DEFINED ASSET FUNDS MUNICIPAL INVT TR FD MON PYMT SER 523, 485BPOS, 1999-03-24 |
<PAGE> 1
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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): March 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)
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Item 5. Other Events.
------------
None
Item 7. Financial Statements, Pro Forma Financial Information, and
----------------------------------------------------------
Exhibits.
---------
<PAGE> 2
The following Exhibits are filed with this Report:
28.94 Settlement Statement of the Trust for the period
ended February 27, 1999 and the related
distributions made on March 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: March 23, 1999 By: /s/ David W. Dawson
-------------------------------- --------------------
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
-----------------
Exhibit Sequentially
Number Exhibit Numbered Page
- ------ ------- -------------
28.94 Settlement Statement of the Trust
for the period ended February 27, 1999
and the related distributions made
on March 15, 1999.
Exhibit 28.94
Settlement Statement of the Trust for the Period
Ending February 27, 1999 and the Related
Distributions made on March 15, 1999.
<PAGE> 1
<TABLE>
<CAPTION>
Prime Credit Card Master Trust 22-Mar-99
09:57 AM
Settlement Statement
- ----------------------------
Distribution Date: 15-Mar-99
Monthly Period: February 1999
31-Jan-99
27-Feb-99
<S> <C>
(i) Collections 399,514,688
Finance Charge 38,899,692
Principal 360,614,996
(ii) Investor Percentage - Principal Collections 27-Feb-99
Series 1992-2 28.54%
A 23.55%
B 2.12%
C 2.88%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 34.01%
A 28.57%
B 2.72%
C 2.72%
Series 1996-1 13.58%
A 11.41%
B 1.09%
C 1.09%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 28.54%
A 23.55%
B 2.12%
C 2.88%
Series 1992-3 0.00%
A 0.00%
B 0.00%
Series 1995-1 34.01%
A 28.57%
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
<S> <C> <C>
B 2.72%
C 2.72%
Series 1996-1 13.58%
A 11.41%
B 1.09%
C 1.09%
(iv) Distribution Amount per $1,000 15-Mar-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 0.000
A 0.000
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 0.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Mar-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
</TABLE>
<PAGE> 3
<TABLE>
<S> <C> <C>
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-Mar-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 0.000
A 0.000
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 0.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 2,799,892.55
A 2,309,718.88
B 207,874.70
C 282,298.97
Series 1992-3 0.00
</TABLE>
<PAGE> 4
<TABLE>
<S> <C> <C>
A 0.00
B 0.00
Series 1995-1 3,336,260.60
A 2,802,458.90
B 266,900.85
C 266,900.85
Series 1996-1 1,332,451.14
A 1,118,930.46
B 106,760.34
C 106,760.34
(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 0.00
A 0.00
B 0.00
Series 1995-1 1,083,333.33
A 910,000.00
B 86,666.67
</TABLE>
<PAGE> 5
<TABLE>
<S> <C> <C>
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 27-Feb-99 2,009,670,066
Principal Receivables in Trust 1,917,104,663
(xii) Invested Amount 27-Feb-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
</TABLE>
<PAGE> 6
<TABLE>
<S> <C> <C>
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 8.488%
Finance Charge Receivables Factor 4.606%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 83.7% $1,637,072,475
30 days 9.3% $181,112,403
60 days 2.5% $49,605,781
90 days 1.3% $25,254,213
120 days 1.0% $19,363,889
150 days 0.9% $17,978,902
180 days+ 1.3% $25,829,212
Total 100.000% $1,956,216,874
Balance in Principal Account 27-Feb-99 $0
Balance in Excess-Funding Account $0
</TABLE>
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