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Previous: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.7, 2000-06-12 |
Next: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.9, 2000-06-12 |
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Page 1
Exhibit 99.8
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
<TABLE>
<CAPTION>
RECEIVABLES
<S> <C>
Beginning of the Month Principal Receivables: $ 2,680,593,719.10
Beginning of the Month Finance Charge Receivables: $ 126,557,096.55
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,807,150,815.65
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: $ 2,683,054,722.71
End of the Month Finance Charge Receivables: $ 124,500,103.29
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,807,554,826.00
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 $ 383,054,722.71
End of the Month Transferor Percentage 14.28%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
RECEIVABLES
30-59 Days Delinquent $ 55,183,955.21
60-89 Days Delinquent $ 37,347,640.13
90+ Days Delinquent $ 79,589,652.66
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Page 2
<TABLE>
<S> <C>
Total 30+ Days Delinquent $ 172,121,248.00
Delinquent Percentage 6.13%
Defaulted Accounts During the Month $ 25,413,584.81
Annualized Default Percentage 11.38%
Principal Collections 346,833,893.54
Principal Payment Rate 12.94%
Total Payment Rate 13.91%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 184,500,000.00
Class B Initial Invested Amount $ 19,125,000.00
Class C Initial Invested Amount $ 21,375,000.00
INITIAL INVESTED AMOUNT $ 225,000,000.00
Class A Invested Amount $ 246,000,000.00
Class B Invested Amount $ 25,500,000.00
Class C Invested Amount $ 28,500,000.00
INVESTED AMOUNT $ 300,000,000.00
Class A Adjusted Invested Amount $ 246,000,000.00
Class B Adjusted Invested Amount $ 25,500,000.00
Class C Adjusted Invested Amount $ 28,500,000.00
ADJUSTED INVESTED AMOUNT $ 300,000,000.00
PREFUNDED AMOUNT $ 0.00
FLOATING ALLOCATION PERCENTAGE 11.19%
PRINCIPAL ALLOCATION PERCENTAGE 11.19%
Class A Principal Allocation Percentage 82.00%
Class B Principal Allocation Percentage 8.50%
Class C Principal Allocation Percentage 9.50%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1996-C 38,816,262.04
</TABLE>
<PAGE>
Page 3
<TABLE>
<S> <C>
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1996-C 4,881,164.35
MONTHLY SERVICING FEE $ 375,000.00
INVESTOR DEFAULT AMOUNT $ 2,844,186.76
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING ALLOCATION PERCENTAGE 82.00%
Class A Finance Charge Collections $ 4,310,054.75
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 4,310,054.75
Class A Monthly Interest $ 1,411,339.58
Class A Servicing Fee $ 307,500.00
Class A Investor Default Amount $ 2,332,233.14
TOTAL CLASS A EXCESS SPREAD $ 258,982.03
CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE 8.50%
Class B Finance Charge Collections $ 446,773.97
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 446,773.97
Class B Monthly Interest $ 151,457.60
Class B Servicing Fee $ 31,875.00
TOTAL CLASS B EXCESS SPREAD $ 263,441.37
CLASS B INVESTOR DEFAULT AMOUNT 241,755.88
CLASS B REQUIRED AMOUNT 241,755.88
</TABLE>
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Page 4
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<S> <C>
CLASS C FLOATING ALLOCATION PERCENTAGE 9.50%
CLASS C MONTHLY SERVICING FEE 35,625.00
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 986,134.03
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 $ 241,755.88
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 453,585.34
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash $ 62,500.00
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to Spread Account $ 228,292.81
Excess Spread Applied to Reserve Account $ 0.00
Excess Spread Applied to other amounts owed to $ 0.00
Cash Collateral Depositor
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>
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Page 5
<TABLE>
<S> <C>
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 0.00
SERIES 1996-C EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1996-C
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>
Page 6
<TABLE>
<S> <C>
YIELD AND BASE RATE --
Base Rate (Current Month) 8.76%
Base Rate (Prior Month) 8.37%
Base Rate (Two Months Ago) 8.24%
THREE MONTH AVERAGE BASE RATE 8.46%
Portfolio Yield (Current Month) 9.65%
Portfolio Yield (Prior Month) 11.87%
Portfolio Yield (Two Months Ago) 14.40%
THREE MONTH AVERAGE PORTFOLIO YIELD 11.97%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 38,816,262.04
INVESTOR DEFAULT AMOUNT $ 2,844,186.76
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 $ 41,660,448.80
SHARING
</TABLE>
<PAGE>
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 $ 9,000,000.00
Available Cash Collateral Amount $ 9,000,000.00
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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