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Previous: FIRST BANK CORPORATE CARD MASTER TRUST, 10-K405, 2000-06-02 |
Next: FIRST BANK CORPORATE CARD MASTER TRUST, 10-K405, EX-99.2, 2000-06-02 |
<PAGE>
FORM OF SERIES 1997-1 CERTIFICATEHOLDERS' STATEMENT - ANNUAL CERTIFICATE
U.S. BANK NATIONAL ASSOCIATION ND
----------------------------------------------------
FIRST BANK CORPORATE CARD MASTER TRUST
----------------------------------------------------
<TABLE>
<CAPTION>
Capitalized terms used in this Statement have their respective meanings set forth in the
Pooling and Servicing Agreement. 1999 Aggregate
Amounts
<S> <C> <C>
A. INFORMATION REGARDING THE CURRENT DISTRIBUTION (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL BALANCE)
1. Class A Monthly Principal $ -
------------------------
2. Class B Monthly Principal $ -
------------------------
3. Collateral Monthly Principal $ -
------------------------
4. Class A Monthly Interest $ 64.00
------------------------
5. Class A Deficiency Amounts $ -
------------------------
6. Class A Additional Interest $ -
------------------------
7. Class B Monthly Interest $ 65.50
------------------------
8. Class B Deficiency Amounts $ -
------------------------
9. Class B Additional Interest $ -
------------------------
10. Collateral Monthly Interest $ 57.22
------------------------
11. Accrued and unpaid Collateral Monthly Interest $ -
------------------------
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
1. Principal Collections
(a) Principal Collections allocated to the Class A Certificates $ 4,210,802,941.31
------------------------
(b) Principal Collections allocated to the Class B Certificates $ 67,193,663.96
------------------------
(c) Principal Collections allocated to the Collateral Investor Interest $ 201,580,991.87
------------------------
2. Trust Principal Component
(a) Trust Principal Component as of the end of the related Collection Period(s) $ 593,969,344.92
------------------------
(b) Series 1997-1 Invested Amount as of the end of the related Transfer Date(s) $ 420,000,000.00
------------------------
(c) Series 1997-1 Adjusted Invested Amount as of the end of the related Transfer Date(s) $ 420,000,000.00
------------------------
(d) Class A Invested Amount as of the end of the related Transfer Date(s) $ 394,800,000.00
------------------------
(e) Class A Adjusted Invested Amount as of the end of the related Transfer Date(s) $ 394,800,000.00
------------------------
(f) Class B Invested Amount as of the end of the related Transfer Date(s) $ 6,300,000.00
------------------------
</TABLE>
Page 1 of 4
<PAGE>
<TABLE>
<S> <C> <C>
(g) Collateral Invested Amount as of the end of the related Transfer Date(s) $ 18,900,000.00
------------------------
(h) Floating Allocation Percentage with respect to the related Collection Period(s) 57.21%
------------------------
(i) Class A Floating Percentage with respect to the related Collection Period(s) 53.78%
------------------------
(j) Class B Floating Percentage with respect to the related Collection Period(s) 0.86%
------------------------
(k) Collateral Floating Percentage with respect to the related Collection Period(s) 2.57%
------------------------
(l) Fixed Allocation Percentage with respect to the related Collection Period(s) N/A
------------------------
(m) Class A Fixed Percentage with respect to the related Collection Period(s) N/A
------------------------
(n) Class B Fixed Percentage with respect to the related Collection Period(s) N/A
------------------------
(o) Collateral Fixed Percentage with respect to the related Collection Period(s) N/A
------------------------
3. Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the day on the last day of the related
Collection Period(s):
Aggregate Account
Balance
------------------------
(a) 30-59 days: $ 9,126,084.14
(b) 60-89 days: $ 1,304,472.29
(c) 90-119 days: $ 294,894.76
(d) 120-149 days: $ 100.00
Total: $ 10,725,551.19
Percentage of
Total Receivables
------------------------
(a) 30-59 days: 1.51%
(b) 60-89 days: 0.22%
(c) 90-119 days: 0.05%
(d) 120-149 days: 0.00%
Total: 1.77%
4. Investor Default Amount
(a) Investor Default Amount for the related Collection Period(s) $ 4,574,192.03
------------------------
(b) Class A Investor Default Amount for the related Collection Period(s) $ 4,299,740.51
------------------------
(c) Class B Investor Default Amount for the related Collection Period(s) $ 68,612.88
------------------------
(d) Collateral Investor Default Amount for the related Collection Period(s) $ 205,838.64
------------------------
5. Investor Charge-Offs
(a) Aggregate Class A Investor Charge-Offs for the related Collection Period(s) $ -
------------------------
(b) Class A Charge-Offs per $1,000 of original Certificate
Principal Balance $ -
------------------------
(c) Aggregate Class B Investor Charge-Offs for the related Collection Period(s) $ -
------------------------
(d) Class B Charge-Offs per $1,000 of original Certificate
Principal Balance $ -
------------------------
</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
<S> <C> <C>
(e) Aggregate Collateral Investor Charge-Offs for the related Collection Period(s) $ -
------------------------
(f) Collateral Charge-Offs per $1,000 of original Certificate
Principal Balance $ -
------------------------
(g) Aggregate Class A Investor Charge-Offs reimbursed on the related
Transfer Date(s) $ -
------------------------
(h) Class A Investor Charge-Offs reimbursed per $1,000 of original Certificate
Principal Balance $ -
------------------------
(i) Aggregate Class B Investor Charge-Offs reimbursed on the related
Transfer Date(s) $ -
------------------------
(j) Class B Investor Charge-Offs reimbursed per $1,000 of original Certificate
Principal Balance $ -
------------------------
(k) Aggregate Collateral Investor Charge-Offs reimbursed on the related
Transfer Date(s) $ -
------------------------
(l) Collateral Investor Charge-Offs reimbursed per $1,000 of original Certificate
Principal Balance $ -
------------------------
6. Monthly Investor Servicing Fee
(a) Class A Servicing Fee payable for the related Collection Period(s) $ 3,948,000.00
------------------------
(b) Class B Servicing Fee payable for the related Collection Period(s) $ 63,000.00
------------------------
(c) Collateral Servicing Fee payable for the related Collection Period(s) $ 189,000.00
------------------------
7. Reallocations
(a) Reallocated Collateral Principal Collections with respect to
the related Collection Period(s) $ -
------------------------
(b) Reallocated Class B Principal Collections with respect to
the related Collection Period(s) $ -
------------------------
(c) Collateral Invested Amount as of this Distribution Date $ 18,900,000.00
------------------------
(d) Class B Invested Amount as of this Distribution Date $ 6,300,000.00
------------------------
8. Yield Collections and Net Interchange
(a) Aggregate Yield Collections (including Net Interchange) processed
during the related Collection Period allocated
in respect of the Class A Investor Certificate $ 162,053,396.89
------------------------
(b) Aggregate Yield Collections (including Net Interchange) processed
during the related Collection Period allocated
in respect of the Class B Investor Certificate $ 2,585,958.46
------------------------
(c) Aggregate Yield Collections (including Net Interchange) processed
during the related Collection Period allocated
in respect of the Collateral Investor Certificate $ 7,757,875.38
------------------------
9. Principal Funding Amount
(a) Principal amount in Principal Funding Account on the
related Transfer Date $ -
------------------------
</TABLE>
Page 3 of 4
<PAGE>
<TABLE>
<S> <C> <C>
(b) Deficit Controlled Accumulation Amount with respect
to the related Collection Period(s) $ -
------------------------
(c) Principal Funding Investment Proceeds deposited in the
Collection Account on the related Transfer Date(s) $ -
------------------------
(d) Reserve Draw Amount deposited in the Collection Account
on the related Transfer Date(s) from the Reserve Account $ -
------------------------
10. Reserve Draw Amount on the related Transfer Date(s) $ -
------------------------
11. Overconcentration Draw Amount on the related Transfer Date(s) $ -
------------------------
12. Available Funds
(a) Class A Available Funds on deposit in the Collection Account on the related $ 159,313,025.19
Transfer Date(s) ------------------------
(a) Class B Available Funds on deposit in the Collection Account on the related $ 2,542,229.13
Transfer Date(s) ------------------------
(a) Collateral Available Funds on deposit in the Collection Account on the related $ 7,626,687.38
Transfer Date(s) ------------------------
13. Portfolio Yield and Base Rate
(a) Portfolio Yield for the related Collection Period 20.68%
------------------------
(b) Base Rate for the related Collection Period 7.37%
------------------------
14. Monthly Payment Rate 88.88%
------------------------
15. Principal Payment Rate 88.88%
------------------------
16. Gross Losses as a Percentage of Charge Volume & Fees 1.04%
------------------------
17. Minimum Transferor's Percentage 14.00%
------------------------
U.S. Bancorp Card Services, Inc.
Servicer
By: /s/ Michael Scarseth
---------------------
Name: Michael Scarseth
Title: Servicing Officer
</TABLE>
Page 4 of 4
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE TO ANNUAL SERVICER'S CERTIFICATE
COLLECTION PERIOD ENDING December 31, 1999
U.S. BANK NATIONAL ASSOCIATION ND
FIRST BANK CORPORATE CARD MASTER TRUST SERIES 1997-1 1999
Aggregate Amounts
<S> <C>
1. Investor Percentage of Principal Collections $ 4,479,577,597.14
-----------------------
2. Investor Percentage of Yield Collections (ex. Net Interchange) $ 91,419,950.96
-----------------------
3. Investor Percentage of Net Interchange $ 80,977,279.77
-----------------------
4. Servicer Interchange $ 4,200,000.00
-----------------------
5. The aggregate amount of funds on deposit in Collection Account allocable to Series
1997-1 Certificates $ 6,764,353,364.18
-----------------------
6. Funds in Principal Funding Account allocable to Series 1997-1 Certificates $ -
-----------------------
7. Aggregate amount paid in accordance with the Loan Agreement pursuant to Section 4.11 $ 1,081,482.68
-----------------------
8. Required Collateral Invested Amount over the Collateral Invested Amount $ -
-----------------------
9. Collateral Invested Amount $ 18,900,000.00
-----------------------
10. The amount of Monthly Interest, Deficiency Amounts and Additional
Interest payable to the
(i) Class A Certificateholders $ 25,267,200.00
-----------------------
(ii) Class B Certificateholders $ 412,650.00
-----------------------
(iii) Collateral Interest Holder $ 1,081,482.68
-----------------------
11. The amount of principal payable to the
(i) Class A Certificateholders $ -
-----------------------
(ii) Class B Certificateholders $ -
-----------------------
(iii) Collateral Interest Holder $ -
-----------------------
12. The sum of all amounts payable to the
(i) Class A Certificateholders $ 25,267,200.00
-----------------------
(ii) Class B Certificateholders $ 412,650.00
-----------------------
(iii) Collateral Interest Holder $ 1,081,482.68
-----------------------
13. To the knowledge of the undersigned, no Early Amortization Event has
occurred except as described below:
</TABLE>
None
<PAGE>
In witness whereof, the undersigned has duly executed this certificate
this 31th day of May, 2000.
U.S. Bancorp Card Services, Inc.
Servicer
By: /s/ Michael Scarseth
---------------------
Name: Michael Scarseth
Title: Servicing Officer
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