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Previous: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.8, 2000-12-15 |
Next: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.10, 2000-12-15 |
<PAGE>
EXHIBIT 99.9
Nov-2000 1996-C Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-C
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 1996-C 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 $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 10.16%
PRINCIPAL ALLOCATION PERCENTAGE 10.16%
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 $35,862,156.46
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1996-C $4,777,854.44
MONTHLY SERVICING FEE $375,000.00
INVESTOR DEFAULT AMOUNT $2,045,421.09
</TABLE>
<PAGE>
Nov-2000 1996-C Page 3
<TABLE>
<S> <C>
CLASS A AVAILABLE FUNDS
-----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 82.00%
Class A Finance Charge Collections $4,225,340.61
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $4,225,340.61
Class A Monthly Interest $1,385,800.00
Class A Servicing Fee $307,500.00
Class A Investor Default Amount $1,677,245.30
TOTAL CLASS A EXCESS SPREAD $854,795.31
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS
-----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.50%
Class B Finance Charge Collections $437,992.65
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $437,992.65
Class B Monthly Interest $148,643.75
Class B Servicing Fee $31,875.00
TOTAL CLASS B EXCESS SPREAD $257,473.90
CLASS B INVESTOR DEFAULT AMOUNT $173,860.79
CLASS B REQUIRED AMOUNT $173,860.79
CLASS C FLOATING ALLOCATION PERCENTAGE 9.50%
CLASS C MONTHLY SERVICING FEE $35,625.00
</TABLE>
<PAGE>
Nov-2000 1996-C Page 4
<TABLE>
<S> <C>
EXCESS SPREAD
-------------
TOTAL EXCESS SPREAD $1,566,165.39
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 $173,860.79
Excess Spread Applied to Reductions of Class B
Invested Amount $0.00
Excess Spread Applied to Class C Required Amount $374,102.50
Excess Spread Applied to Reductions of Class C
Invested Amount $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $62,500.00
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Spread Account $955,702.10
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 1996-C 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 1996-C EXCESS FINANCE CHARGE COLLECTIONS
-----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1996-C $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) 8.86%
Base Rate (Prior Month) 8.86%
Base Rate (Two Months Ago) 8.86%
----
THREE MONTH AVERAGE BASE RATE 8.86%
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 1996-C Page 6
<TABLE>
<S> <C>
PRINCIPAL COLLECTIONS
---------------------
TOTAL PRINCIPAL COLLECTIONS $35,862,156.46
INVESTOR DEFAULT AMOUNT $2,045,421.09
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 $37,907,577.55
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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