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Previous: NATIONAL MUNICIPALS PORTFOLIO, N-30D, 2000-05-24 |
Next: NATIONAL LIMITED MATURITY MUNICIPALS PORTFOLIO, N-30D, 2000-05-24 |
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): May 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 (IRS I.D. No.) (Commission File
Incorporation) Number)
Item 5. Other Events.
None
Item 7. Financial Statements, Pro Forma Financial Information, and
Exhibits.
The following Exhibits are filed with this Report:
29.08 Settlement Statement of the Trust
for the period ended April 29, 2000
and the related distributions made
on May 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: May 24, 2000 By: /s/ David W. Dawson
David W. Dawson,
Treasurer
INDEX TO EXHIBITS
Exhibit Sequentially
Number Exhibit Numbered Page
29.08 Settlement Statement of the Trust
for the period ended April 29, 2000
and the related distributions made
on May 15, 2000.
Exhibit 29.08
Settlement Statement of the Trust for the Period
Ending April 29, 2000 and the Related
Distributions made on May 15, 2000.
Prime Credit Card Master Trust 23-May-00
09:56 AM
Settlement Statement
- ------------------
Distribution Date: 15-May-00
Monthly Period: April, 2000
02-Apr-00
29-Apr-00
(i) Collections 354,845,756
Finance Charge 40,300,280
Principal 314,545,476
(ii) Investor Percentage - Principal Collections 29-Apr-00
Series 1992-3 23.48%
A 19.37%
B 4.11%
Series 1995-1 33.77%
A 28.36%
B 2.70%
C 2.70%
Series 1996-1 13.49%
A 11.32%
B 1.08%
C 1.08%
(iii) Investor Percentage - Finance Charge Collections, Receivables
Series 1992-3 23.48%
A 19.37%
B 4.11%
Series 1995-1 33.77%
A 28.36%
B 2.70%
C 2.70%
Series 1996-1 13.49%
A 11.32%
B 1.08%
C 1.08%
(iv) Distribution Amount per $1,000 15-May-00
Series 1992-3 4.037
A 4.893
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 1,816,251.07
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(v) Allocation to Principal per $1,000 15-May-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-May-00
Series 1992-3 4.037
A 4.893
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 1,816,251.07
Series 1995-1 3,370,250.00
Series 1996-1 1,335,900.00
(vii) Investor Default Amount
Series 1992-3 2,130,672.37
A 1,757,804.71
B 372,867.66
Series 1995-1 3,099,508.92
A 2,603,587.49
B 247,960.71
C 247,960.71
Series 1996-1 1,237,896.18
A 1,039,527.61
B 99,184.29
C 99,184.29
(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 1992-3 710,158.71
A 585,880.94
B 124,277.77
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 29-Apr-00 2,021,619,743
Principal Receivables in Trust 1,923,969,444
(xii) Invested Amount 29-Apr-00
Series 1992-3 451,634,812.01
A 372,598,719.91
B 79,036,092.10
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 10.868%
Finance Charge Receivables Factor 4.830%
(xvi) Payout Event
Series 1992-3 NO
Series 1995-1 NO
Series 1996-1 NO
(xvii) Other
Delinquency
Current 81.6% $1,571,360,280
30 days 11.9% $229,033,953
60 days 2.6% $51,000,748
90 days 1.2% $23,796,776
120 days 0.9% $16,775,396
150 days 0.7% $13,168,638
180 days+ 1.1% $20,841,263
Total 100.000% $1,925,977,055
Balance in Principal Account 29-Apr-00 $0
Balance in Excess-Funding Account $0
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