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): January 18, 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:
29.04 Settlement Statement of the Trust
for the period ended January 1, 2000
and the related distributions made
on January 18,2000.
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: January 25, 2000 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
29.04 Settlement Statement of the Trust
for the period ended January 25, 2000
and the related distributions made
on January 18, 2000.
Exhibit 29.04
Settlement Statement of the Trust for the Period
Ending January 1, 2000 and the Related
Distributions made on January 18, 2000.
Prime Credit Card Master Trust 24-Jan-00
09:44 AM
Settlement Statement
- ------------------
Distribution Date: 18-Jan-00
Monthly Period: DECEMBER 1999
28-Nov-99
01-Jan-00
(i) Collections 532,450,851
Finance Charge 58,620,510
Principal 473,830,340
(ii) Investor Percentage - Principal Collections 01-Jan-00
Series 1992-2 4.10%
A 0.00%
B 1.74%
C 2.36%
Series 1992-3 19.33%
A 15.95%
B 3.38%
Series 1995-1 27.93%
A 23.46%
B 2.23%
C 2.23%
Series 1996-1 11.15%
A 9.37%
B 0.89%
C 0.89%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-2 4.10%
A 0.00%
B 1.74%
C 2.36%
Series 1992-3 19.33%
A 15.95%
B 3.38%
Series 1995-1 27.93%
A 23.46%
B 2.23%
C 2.23%
Series 1996-1 11.15%
A 9.37%
B 0.89%
C 0.89%
(iv) Distribution Amount per $1,000 18-Jan-00
Series 1992-2 1,006.625
A 0.000
B 1,006.625
C 0.000
Series 1992-3 825.906
A 1,001.098
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 40,768,312.50
Series 1992-3 1,486,721.00
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 18-Jan-00
Series 1992-2 1,000.000
A 0.000
B 1,000.000
C 0.000
Series 1992-3 825.00
A 1,000.00
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 41,575,013.87
Series 1992-2 40,500,000.00
Series 1992-3 1,075,013.87
Series 1995-1 0.00
Series 1996-1 0.00
(vi) Allocation to Interest per $1,000 18-Jan-00
Series 1992-2 6.625
A 0.000
B 6.625
C 0.000
Series 1992-3 0.906
A 1.098
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 1992-2 268,312.50
Series 1992-3 411,707.13
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-2 505,780.99
A 0.00
B 214,493.51
C 291,287.48
Series 1992-3 2,385,639.58
A 1,968,152.65
B 417,486.93
Series 1995-1 3,442,488.55
A 2,891,690.38
B 275,399.08
C 275,399.08
Series 1996-1 1,374,876.94
A 1,154,557.68
B 110,159.63
C 110,159.63
(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 1992-2 159,166.67
A 0.00
B 67,500.00
C 91,666.67
Series 1992-3 888,430.39
A 732,955.07
B 155,475.32
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 01-Jan-00 2,428,256,380
Principal Receivables in Trust 2,321,947,316
(xii) Invested Amount 01-Jan-00
Series 1992-2 0.00
A 0.00
B 0.00
C 0.00
Series 1992-3 449,949,026.64
A 371,207,946.98
B 78,741,079.66
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 0.0000000
A 0.0000000
B 0.0000000
C 0.0000000
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 10.129%
Finance Charge Receivables Factor 4.378%
(xvi) Payout Event
Series 1992-2 NO
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 87.7% $1,895,789,278
30 days 7.4% $160,457,164
60 days 1.7% $36,640,221
90 days 1.0% $21,366,357
120 days 0.8% $16,716,174
150 days 0.6% $13,029,553
180 days+ 0.9% $18,546,204
Total 100.000% $2,162,544,952
Balance in Principal Account 1-Jan-00 $40,500,000
Balance in Excess-Funding Account $0