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Previous: INSURED MUNICIPALS INCOME TRUST 125TH INSURED MULTI SERIES, 485BPOS, 1999-10-25 |
Next: INSURED MUNICIPALS INCOME TRUST SERIES 292, 485BPOS, 1999-10-25 |
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): October 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:
29.01 Settlement Statement of the Trust
for the period ended October 2, 1999
and the related distributions made
on October 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: October 25, 1999 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
29.01 Settlement Statement of the Trust
for the period ended October 2, 1999
and the related distributions made
on October 15, 1999.
Exhibit 29.01
Settlement Statement of the Trust for the Period
Ending October 2, 1999 and the Related
Distributions made on October 15, 1999.
Prime Credit Card Master Trust 22-Oct-99
05:09 PM
Settlement Statement
- ------------------
Distribution Date: 15-Oct-99
Monthly Period: SEPTEMBER 1999
29-Aug-99
02-Oct-99
(i) Collections 429,595,522
Finance Charge 52,768,375
Principal 376,827,146
(ii) Investor Percentage - Principal Collections 02-Oct-99
Series 1992-2 29.09%
A 24.00%
B 2.16%
C 2.93%
Series 1992-3 13.13%
A 10.83%
B 2.30%
Series 1995-1 34.66%
A 29.12%
B 2.77%
C 2.77%
Series 1996-1 13.84%
A 11.63%
B 1.11%
C 1.11%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 13.09%
A 8.00%
B 2.16%
C 2.93%
Series 1992-3 13.13%
A 10.83%
B 2.30%
Series 1995-1 34.66%
A 29.12%
B 2.77%
C 2.77%
Series 1996-1 13.84%
A 11.63%
B 1.11%
C 1.11%
(iv) Distribution Amount per $1,000 15-Oct-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.355
A 4.066
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 1992-3 747,141.76
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Oct-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-Oct-99
Series 1992-2 6.243
A 6.208
B 6.625
C 0.000
Series 1992-3 3.355
A 4.066
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 1992-3 747,141.76
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 1,530,266.47
A 934,989.70
B 252,447.22
C 342,829.56
Series 1992-3 1,293,966.84
A 1,067,522.64
B 226,444.20
Series 1995-1 3,872,718.21
A 3,253,083.30
B 309,817.46
C 309,817.46
Series 1996-1 1,546,704.07
A 1,298,850.11
B 123,926.98
C 123,926.98
(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 1992-2 534,166.67
A 375,000.00
B 67,500.00
C 91,666.67
Series 1992-3 401,875.80
A 331,547.54
B 70,328.27
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 02-Oct-99 1,960,064,791
Principal Receivables in Trust 1,870,587,833
(xii) Invested Amount 02-Oct-99
Series 1992-2 245,500,000.00
A 150,000,000.00
B 40,500,000.00
C 55,000,000.00
Series 1992-3 251,064,460.73
A 207,128,180.10
B 43,936,280.63
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 11.845%
Finance Charge Receivables Factor 4.565%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 86.6% $1,578,817,039
30 days 8.0% $146,211,894
60 days 1.9% $34,018,545
90 days 1.0% $18,399,784
120 days 0.7% $13,349,831
150 days 0.6% $11,219,874
180 days+ 1.2% $21,894,810
Total 100.000% $1,823,911,777
Balance in Principal Funding Account 2-Oct-99 $300,000,000
Balance in Excess-Funding Account $0
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