|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.9, 2000-09-15 |
Next: IDS LIFE VARIABLE ACCOUNT 10, 497, 2000-09-15 |
<PAGE>
EXHIBIT 99.10
08/00 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1998-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
<TABLE>
<S> <C>
RECEIVABLES
Beginning of the Month Principal Receivables: $ 3,082,917,047.88
Beginning of the Month Finance Charge Receivables: $ 149,202,144.54
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 3,232,119,192.42
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 0.00
Additional Finance Charge Receivables: $ 0.00
Additional Total Receivables: $ 0.00
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 3,036,593,343.96
End of the Month Finance Charge Receivables: $ 145,670,192.00
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 3,182,263,535.96
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust II Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 736,593,343.96
End of the Month Transferor Percentage 24.26%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
RECEIVABLES
30-59 Days Delinquent $ 65,330,687.81
60-89 Days Delinquent $ 44,342,751.49
90+ Days Delinquent $ 89,079,888.59
</TABLE>
<PAGE>
08/00 Page 2
<TABLE>
<S> <C>
Total 30+ Days Delinquent $ 198,753,327.89
Delinquent Percentage 6.25%
Defaulted Accounts During the Month $ 18,281,021.35
Annualized Default Percentage 7.12%
Principal Collections 420,652,403.18
Principal Payment Rate 13.64%
Total Payment Rate 14.62%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 370,500,000.00
Class B Initial Invested Amount $ 57,000,000.00
Class C Initial Invested Amount $ 47,500,000.00
INITIAL INVESTED AMOUNT $ 475,000,000.00
Class A Invested Amount $ 468,000,000.00
Class B Invested Amount $ 72,000,000.00
Class C Invested Amount $ 60,000,000.00
INVESTED AMOUNT $ 600,000,000.00
Class A Adjusted Invested Amount $ 468,000,000.00
Class B Adjusted Invested Amount $ 72,000,000.00
Class C Adjusted Invested Amount $ 60,000,000.00
ADJUSTED INVESTED AMOUNT $ 600,000,000.00
PREFUNDED AMOUNT $ 0.00
FLOATING ALLOCATION PERCENTAGE 19.46%
PRINCIPAL ALLOCATION PERCENTAGE 19.46%
Class A Principal Allocation Percentage 78.00%
Class B Principal Allocation Percentage 12.00%
Class C Principal Allocation Percentage 10.00%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1998-A 81,867,791.36
</TABLE>
<PAGE>
08/00 Page 3
<TABLE>
<S> <C>
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1998-A 10,099,328.21
MONTHLY SERVICING FEE $ 750,000.00
INVESTOR DEFAULT AMOUNT $ 3,557,870.66
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING ALLOCATION PERCENTAGE 78.00%
Class A Finance Charge Collections $ 8,462,476.01
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 8,462,476.01
Class A Monthly Interest $ 2,727,806.25
Class A Servicing Fee $ 585,000.00
Class A Investor Default Amount $ 2,775,139.11
TOTAL CLASS A EXCESS SPREAD $ 2,374,530.65
CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE 12.00%
Class B Finance Charge Collections $ 1,301,919.39
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 1,301,919.39
Class B Monthly Interest $ 435,162.50
Class B Servicing Fee $ 90,000.00
TOTAL CLASS B EXCESS SPREAD $ 776,756.89
CLASS B INVESTOR DEFAULT AMOUNT 426,944.48
CLASS B REQUIRED AMOUNT 426,944.48
</TABLE>
<PAGE>
08/00 Page 4
<TABLE>
<S> <C>
CLASS C FLOATING ALLOCATION PERCENTAGE 10.00%
CLASS C MONTHLY SERVICING FEE 75,000.00
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 4,161,220.35
Excess Spread Applied to Class A Required Amount $ 0.00
Excess Spread Applied to Class A Investor
Charge Offs $ 0.00
Excess Spread Applied to Class B
Required Amount $ 426,944.48
Excess Spread Applied to Reductions of
Class B Invested Amount $ 0.00
Excess Spread Applied to Class C Required Amount $ 749,422.49
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash
Collateral Fee $ 125,000.00
Excess Spread Applied to Cash Collateral
Account $ 0.00
Excess Spread Applied to Spread Account $ 0.00
Excess Spread Applied to Reserve Account $ 0.00
Excess Spread Applied to other amounts owed to
Cash Collateral Depositor $ 0.00
Excess Spread Applied to other amounts owed to
Spread Account Residual Interest Holders $ 0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $ 2,859,853.38
</TABLE>
<PAGE>
08/00 Page 5
<TABLE>
<S> <C>
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 11,110,861.40
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1998-A
Excess Finance Charge Collections Applied to
Class A Required Amount $ 0.00
Excess Finance Charge Collections Applied to
Class A Investor Charge Offs $ 0.00
Excess Finance Charge Collections Applied to
Class B Required Amount $ 0.00
Excess Finance Charge Collections Applied to
Reductions of Class B Invested Amount $ 0.00
Excess Finance Charge Collections Applied to
Class C Required Amount $ 0.00
Excess Finance Charge Collections Applied to
Reductions of Class C Invested Amount $ 0.00
Excess Finance Charge Collections Applied to
Monthly Cash Collateral Fee $ 0.00
Excess Finance Charge Collections Applied to
other amounts owed Cash Collateral Depositor $ 0.00
Excess Finance Charge Collections Applied to
other amounts owed to Spread Account Residual Interest
Holders $ 0.00
</TABLE>
<PAGE>
08/00 Page 6
<TABLE>
<S> <C>
YIELD AND BASE RATE --
Base Rate (Current Month) 8.88%
Base Rate (Prior Month) 8.89%
Base Rate (Two Months Ago) 8.92%
THREE MONTH AVERAGE BASE RATE 8.90%
Portfolio Yield (Current Month) 14.58%
Portfolio Yield (Prior Month) 12.45%
Portfolio Yield (Two Months Ago) 12.69%
THREE MONTH AVERAGE PORTFOLIO YIELD 13.24%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 81,867,791.36
INVESTOR DEFAULT AMOUNT $ 3,557,870.66
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests $ 0.00
Allocable to Class B Certificates $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
CLASS B SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 85,425,662.02
SHARING
</TABLE>
<PAGE>
08/00 Page 7
<TABLE>
<S> <C>
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
CLASS C INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B REDUCTIONS REIMBURSED $ 0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 18,000,000.00
Available Cash Collateral Amount $ 18,000,000.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
</TABLE>
First USA Bank, National Association
as Servicer
By: /s/ Tracie Klein
--------------------------------
Tracie H. Klein
First Vice President
|
|