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Previous: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.10, 2000-12-15 |
Next: 5B TECHNOLOGIES CORP, S-3, 2000-12-15 |
<PAGE>
EXHIBIT 99.11
Nov-2000 1998-A 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: $2,954,073,738.94
Beginning of the Month Finance Charge Receivables: $ 147,551,019.69
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $3,101,624,758.63
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: $2,942,677,284.07
End of the Month Finance Charge Receivables: $ 146,451,282.84
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $3,089,128,566.91
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 $ 642,677,284.07
End of the Month Transferor Percentage 21.84%
DELINQUENCIES AND LOSSES
------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $ 72,983,755.33
60-89 Days Delinquent $ 51,239,103.49
90+ Days Delinquent $ 94,024,355.36
Total 30+ Days Delinquent $ 218,247,214.18
Delinquent Percentage 7.07%
Defaulted Accounts During the Month $ 20,141,082.40
Annualized Default Percentage 8.18%
</TABLE>
<PAGE>
Nov-2000 1998-A Page 2
<TABLE>
<S> <C>
Principal Collections $353,131,515.63
Principal Payment Rate 11.95%
Total Payment Rate 12.89%
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 20.31%
PRINCIPAL ALLOCATION PERCENTAGE 20.31%
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 $ 71,724,312.96
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1998-A $ 9,555,708.84
MONTHLY SERVICING FEE $ 750,000.00
INVESTOR DEFAULT AMOUNT $ 4,090,842.18
</TABLE>
<PAGE>
Nov-2000 1998-A Page 3
<TABLE>
<S> <C>
CLASS A AVAILABLE FUNDS
-----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 78.00%
Class A Finance Charge Collections $8,038,452.90
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $8,038,452.90
Class A Monthly Interest $2,640,300.00
Class A Servicing Fee $ 585,000.00
Class A Investor Default Amount $3,190,856.90
TOTAL CLASS A EXCESS SPREAD $1,622,296.00
CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
-----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 12.00%
Class B Finance Charge Collections $1,236,685.06
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $1,236,685.06
Class B Monthly Interest $ 421,200.00
Class B Servicing Fee $ 90,000.00
TOTAL CLASS B EXCESS SPREAD $ 725,485.06
CLASS B INVESTOR DEFAULT AMOUNT $ 490,901.06
CLASS B REQUIRED AMOUNT $ 490,901.06
CLASS C FLOATING ALLOCATION PERCENTAGE 10.00%
CLASS C MONTHLY SERVICING FEE $ 75,000.00
</TABLE>
<PAGE>
Nov-2000 1998-A Page 4
<TABLE>
<S> <C>
EXCESS SPREAD
-------------
TOTAL EXCESS SPREAD $3,303,351.94
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 $ 490,901.06
Excess Spread Applied to Reductions of Class B
Invested Amount $ 0.00
Excess Spread Applied to Class C Required Amount $ 790,084.22
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 $1,897,366.66
Excess Spread Applied to Reserve Account
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 $ 0.00
</TABLE>
<PAGE>
Nov-2000 1998-A Page 5
<TABLE>
<S> <C>
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
--------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $3,139,668.44
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS
-----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1998-A $ 0.00
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
YIELD AND BASE RATE
-------------------
Base Rate (Current Month) 8.89%
Base Rate (Prior Month) 8.89%
Base Rate (Two Months Ago) 8.89%
-----
THREE MONTH AVERAGE BASE RATE 8.89%
Portfolio Yield (Current Month) 12.43%
Portfolio Yield (Prior Month) 13.88%
Portfolio Yield (Two Months Ago) 11.69%
------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.67%
</TABLE>
<PAGE>
Nov-2000 1998-A Page 6
<TABLE>
<S> <C>
PRINCIPAL COLLECTIONS
---------------------
TOTAL PRINCIPAL COLLECTIONS $71,724,312.96
INVESTOR DEFAULT AMOUNT $ 4,090,842.18
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests $ 0.00
Allocable to Class B Certficates $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES $ 0.00
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 SHARING $75,815,155.14
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
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