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, 2000
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:
29.06 Settlement Statement of the Trust
for the period ended February 26, 2000
and the related distributions made
on March 15, 2000.
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 24, 2000 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
29.06 Settlement Statement of the Trust
for the period ended February 26, 2000
and the related distributions made
on March 15, 2000.
Exhibit 29.06
Settlement Statement of the Trust for the Period
Ending February 26, 2000 and the Related
Distributions made on March 15, 2000.
Prime Credit Card Master Trust 14-Mar-00
03:01 PM
Settlement Statement
- ------------------
Distribution Date: 15-Mar-00
Monthly Period: FEBRUARY, 2000
30-Jan-00
26-Feb-00
(i) Collections 402,719,166
Finance Charge 40,391,507
Principal 362,327,659
(ii) Investor Percentage - Principal Collections 26-Feb-00
Series 1992-3 20.39%
A 16.82%
B 3.57%
Series 1995-1 32.78%
A 27.53%
B 2.62%
C 2.62%
Series 1996-1 13.09%
A 10.99%
B 1.05%
C 1.05%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-3 20.39%
A 16.82%
B 3.57%
Series 1995-1 32.78%
A 27.53%
B 2.62%
C 2.62%
Series 1996-1 13.09%
A 10.99%
B 1.05%
C 1.05%
(iv) Distribution Amount per $1,000 15-Mar-00
Series 1992-3 2.526
A 3.062
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 1992-3 1,114,856.79
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-Mar-00
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 1992-3 0.00
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 15-Mar-00
Series 1992-3 2.526
A 3.062
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 1992-3 1,114,856.79
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-3 1,688,994.23
A 1,393,420.24
B 295,573.99
Series 1995-1 2,505,425.88
A 2,104,557.74
B 200,434.07
C 200,434.07
Series 1996-1 1,000,628.54
A 840,281.29
B 80,173.63
C 80,173.63
(viii) Investor Charge Offs
Charge Offs Reimbursements
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 1992-3 673,982.37
A 556,035.46
B 117,946.91
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 1992-3 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 26-Feb-00 2,084,937,827
Principal Receivables in Trust 1,983,755,795
(xii) Invested Amount 26-Feb-00
Series 1992-3 452,110,530.59
A 372,991,187.74
B 79,119,342.85
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 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 8.758%
Finance Charge Receivables Factor 4.853%
(xvi) Payout Event
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 83.8% $1,658,563,094
30 days 10.5% $206,843,521
60 days 2.1% $42,021,718
90 days 1.1% $20,811,050
120 days 0.8% $15,421,484
150 days 0.7% $14,442,810
180 days+ 1.0% $20,616,224
Total 100.000% $1,978,719,901
Balance in Principal Account 26-Feb-00 $0
Balance in Excess-Funding Account $0