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Previous: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.1, 2000-10-16 |
Next: CC MASTER CREDIT CARD TRUST II, 8-K, EX-99.3, 2000-10-16 |
<PAGE>
EXHIBIT 99.2
09/00 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
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RECEIVABLES
Beginning of the Month Principal Receivables: $ 3,036,593,343.96
Beginning of the Month Finance Charge Receivables: $ 145,670,192.00
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 3,182,263,535.96
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: $ 3,005,089,625.25
End of the Month Finance Charge Receivables: $ 152,398,233.47
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 3,157,487,858.72
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 705,089,625.25
End of the Month Transferor Percentage 23.46%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 68,157,511.87
60-89 Days Delinquent $ 47,465,638.01
90+ Days Delinquent $ 89,867,533.32
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09/00 Page 2
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Total 30+ Days Delinquent $ 205,490,683.20
Delinquent Percentage 6.51%
Defaulted Accounts During the Month $ 18,830,152.79
Annualized Default Percentage 7.44%
Principal Collections 351,290,984.44
Principal Payment Rate 11.57%
Total Payment Rate 12.44%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 368,000,000.00
Class B Initial Invested Amount $ 32,000,000.00
INITIAL INVESTED AMOUNT $ 400,000,000.00
Class A Invested Amount $ 368,000,000.00
Class B Invested Amount $ 32,000,000.00
INVESTED AMOUNT $ 400,000,000.00
FLOATING ALLOCATION PERCENTAGE 13.17%
PRINCIPAL ALLOCATION PERCENTAGE 13.17%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,480,439.54
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 5,867,871.51
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 5,867,871.51
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09/00 Page 3
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Class A Monthly Interest $ 2,177,422.78
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,282,004.38
TOTAL CLASS A EXCESS SPREAD $ 948,444.35
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 510,249.67
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 510,249.67
Class B Monthly Interest $ 192,372.22
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 277,877.45
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,226,321.80
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 198,435.16
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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09/00 Page 4
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Excess Spread Applied to Monthly Cash $ 26,676.87
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 1,001,209.77
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 2,373,698.34
SERIES 1995-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-A
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
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09/00 Page 5
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YIELD AND BASE RATE --
Base Rate (Current Month) 8.88%
Base Rate (Prior Month) 8.88%
Base Rate (Two Months Ago) 8.89%
THREE MONTH AVERAGE BASE RATE 8.88%
Portfolio Yield (Current Month) 11.69%
Portfolio Yield (Prior Month) 14.58%
Portfolio Yield (Two Months Ago) 12.45%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.91%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 42,572,546.91
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,701,960.61
TOTAL PRINCIPAL COLLECTIONS $ 46,274,507.52
INVESTOR DEFAULT AMOUNT $ 2,480,439.54
REALLOCATED PRINCIPAL COLLECTIONS $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
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09/00 Page 6
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CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 48,754,947.06
SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 52,000,000.00
Available Cash Collateral Amount $ 52,000,000.00
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Payments $ 0.00
Class B Interest Rate Cap Payments $ 0.00
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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