PRIME RECEIVABLES CORP
8-K, 2000-03-24
ASSET-BACKED SECURITIES
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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, 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



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