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Previous: FIRST NBC CREDIT CARD MASTER TRUST, 8-K, 2000-10-16 |
Next: FIRST NBC CREDIT CARD MASTER TRUST, 8-K, EX-20.2, 2000-10-16 |
<PAGE>
EXHIBIT 20.1
MONTHLY SERVICER'S CERTIFICATE
First USA Bank, National Association
First NBC Credit Card Master Trust
Series 1997-1
For the October 11, 2000 Determination Date
For the 38th Monthly Period
The undersigned, a duly authorized representative of First USA Bank, National
Association, (the "Bank"), pursuant to the Pooling and Servicing Agreement (the
"Pooling and Servicing Agreement"), dated as of August 1, 1997 by and and
between the Bank, as successor Transferor and Servicer to Bank One Louisiana,
N.A. (as successor to the First National Bank of Commerce ("First NBC")) and The
Bank of New York, as Trustee, does hereby certify as follows:
1 Capitalized terms used in this Certificate have their respective
meanings as set forth in the Pooling and Servicing Agreement; provided,
that the "preceding Monthly Period" shall mean the Monthly Period
immediately preceding the calendar month in which this Certificate is
delivered. This Certificate is delivered pursuant to subsection 3.4(b)
of the Pooling and Servicing Agreement. References herein to certain
sections and subsections are references to the respective sections and
subsections of the Pooling and Servicing Agreement, as amended by the
applicable Series Supplement.
2 First USA Bank, National Association is Servicer under the Pooling and
Servicing Agreement.
3 The undersigned is a Servicing Officer.
4 The date of this Certificate is October 11, 2000, which is a
Determination Date under the Pooling and Servicing Agreement.
5 The aggregate amount of Collections processed during the preceding
Monthly Period [equal to 5(a) plus 5(b)] was $109,957,680
(a) The aggregate amount of Collections of Finance
Charge Receivables collected during the preceding Monthly
Period the Collections of Finance Charge Receivables $ 12,986,519
(b) The aggregate amount of Collections of Principal
Receivables collected during the preceding Monthly Period
the Collections of Principal Receivables was $ 96,971,162
6 The aggregate amount of Receivables as of the end of the last day of the
preceding Monthly Period was $908,565,992
7 Included is an authentic copy of the statements required to be delivered
by the Servicer on the date of this Certificate to the Paying Agent
pursuant to Article V.
8 To the knowledge of the undersigned, there are no liens on any
Receivables in the Trust except as described below:
None.
9 The amount, if any, by which the sum of the balance of the
Excess Funding Account and the Aggregate Principal
Receivables exceeds the Minimum Aggregate Principal
Receivables required to be maintained pursuant to the
Pooling and Servicing Agreement, is equal to $190,119,755
10 The amount, if any, of the withdrawal of the Specified
Deposit from the Finance Charge Account required to be made
by the Trustee pursuant to subsection 4.3(a) of the
Pooling and Servicing Agreement on the related Transfer
Date is $0.00
<PAGE>
Monthly Servicer's Certificate
Page 2 (all amounts in dollars except percentages)
<TABLE>
<CAPTION>
11 Monthly Period Trust Activity
(a) Trust Activity Total Trust
===================================================== ============================
<S> <C>
Beginning Aggregate Principal Receivables 896,728,980
Beginning Excess Funding Account Balance 0
Beginning Total Principal Balance 896,728,980
Collections of Finance Charge Receivables 12,986,519
Discount Percentage 0
Discount Option Receivables Collections 0
Net Recoveries 0
Total Collections of Finance Charge Receivables 12,986,519
Total Collections of Principal Receivables 96,971,162
Net Default Amount 2,815,014
Minimum Aggregate Principal Receivables Balance 700,000,000
Ending Aggregate Principal Receivables 890,119,755
Ending Excess Funding Account Balance 0
Ending Total Principal Balance 890,119,755
(b) Series Allocations Series 1997-1 Series 1998-1 All Series
===================================================== ===========================================================
Group Number 1 2
Investor Interest 300,000,000 400,000,000 700,000,000
Adjusted Investor Interest 300,000,000 400,000,000 700,000,000
Principal Funding Account Balance 0 0 0
Minimum Transferor Interest 62,308,383
(c) Group I Allocations Series 1997-1 Total Group I
===================================================== ============================================
Investor Finance Charge Collections 4,344,630 4,344,630
Investor Monthly Interest 1,562,319 1,562,319
Investor Monthly Fees (Servicing Fee) 375,000 375,000
Investor Default Amounts 941,761 941,761
Investor Additional Amounts 0 0
Total 2,879,080 2,879,080
Reallocated Investor Finance Charge Collections 4,344,630 4,344,630
Available Excess 1,465,550 1,465,550
12 Series 1997-1 Certificates
Series 1997-1 All Other Transferor's
(a) Investor/Transferor Allocations Trust Interest Series Interest
===========================================================================================================================
Beginning Investor/Transferor Amounts 896,728,980 300,000,000 400,000,000 196,728,980
Beginning Adjusted Investor Interest 896,728,980 300,000,000 400,000,000
Floating Investor Percentage 100.00000% 33.454924% 44.606566%
Fixed Investor Percentage 0.00000% 0.00000% 0.00000%
Collections of Finance Chg. Receivables 12,986,519 4,344,630 5,792,840
Collections of Principal Receivables 96,971,162 32,441,629 43,255,505
Net Default Amount 2,815,014 941,761 1,255,681
Ending Investor/Transferor Amounts 890,119,755 300,000,000 400,000,000 190,119,755
</TABLE>
<PAGE>
Monthly Servicer's Certificate
Page 3 (all amounts in dollars except percentages)
<TABLE>
<CAPTION>
Collateral
(b) Monthly Period Funding Requirements Class A Class B Interest Total
==============================================================================================================================
<S> <C> <C> <C> <C>
Principal Funding Account 0 0 0 0
Principal Funding Investment Proceeds 0 0 0 0
Withdrawal from Reserve Account 0 0 0 0
Available Reserve Account Amount 0 0 0 0
Required Reserve Account Amount 0 0 0 0
Coupon 6.15000% 6.35000% 7.22125% 6.24928%
Floating Investor Percentage 28.93851% 2.34184% 2.17457% 33.45492%
Fixed Investor Percentage 0 0 0 0
Investor Monthly Interest 1,329,938 111,125 121,257 1,562,319
Overdue Monthly Interest 0 0 0 0
Additional Interest 0 0 0 0
Total Interest Due 1,329,938 111,125 121,257 1,562,319
Investor Default Amounts 814,623 65,923 61,214 941,761
Investor Monthly Fees 324,375 26,250 24,375 375,000
Investor Additional Amounts 0 0 0 0
Total Due 2,468,936 203,298 206,846 2,879,080
Collateral
(c) Certificates - Balances and Distributions Class A Class B Interest Total
==============================================================================================================================
Beginning Investor Interest 259,500,000 21,000,000 19,500,000 300,000,000
Monthly Principal-Prin. Funding Account 0 0 0 0
Principal Payments 0 0 0 0
Interest Payments 1,329,938 111,125 121,257 1,562,319
Total Payments 1,329,938 111,125 121,257 1,562,319
Ending Investor Interest 259,500,000 21,000,000 19,500,000 300,000,000
(d) Information regarding Payments in respect of the Class A
Certificates
(per $1,000 original certificate principal amount)
1. Total Payment 5.125000
2. Amount of Payment in respect of Class A Monthly
Interest 5.125000
3. Amount of Payment in respect of Class A Overdue
Monthly Interest 0
4. Amount of Payment in respect of Class A Additional
Interest 0
5. Amount of Payment in respect of Class A Principal 0
(e) Class A Investor Charge-Offs/Reimbursement of Class A
Investor Charge-Offs
1. Total amount of Class A Investor Charge-Offs 0
2. Amount of Class A Investor Charge-Offs per $1,000 0
original certificate principal amount 0
3. Total amount reimbursed in respect of Class A Investor
Charge-Offs 0
4. Amount reimbursed in respect of Class A Investor
Charge-Offs per $1,000 original
principal amount 0
5. The amount, if any, by which the outstanding Principal
Balance of the Class A
Certificates exceeds the Class A Adjusted Investor
Interest after giving effect to all
transactions on such Distribution Date 0
(f) Information regarding Payments in respect of the Class B
Certificates
(per $1,000 original certificate principal amount)
1. Total Payment 5.291667
2. Amount of Payment in respect of Class B Monthly
Interest 5.291667
3. Amount of Payment in respect of Class B Overdue
Monthly Interest 0
4. Amount of Payment in respect of Class B Additional
Interest 0
5. Amount of Payment in respect of Class B Principal 0
</TABLE>
<PAGE>
Monthly Servicer's Certificate
Page 4 (all amounts in dollars except percentages)
<TABLE>
<CAPTION>
<S> <C>
(g) Amount of reductions in Class B Investor Interest pursuant
to clauses (c), (d) and (e)
of the definition of Class B Investor Interest
1. Amount of reductions in Class B Investor Interest 0
2. Amount of reductions in Class B Investor Interest per
$1,000 original certificate
principal amount 0
3. Total amount reimbursed in respect of reductions of 0
Class B Investor Interest
4. Amount reimbursed in respect of reductions of Class B
Investor Interest per
$1,000 original certificate principal amount 0
5. The amount, if any, by which the outstanding Principal
Balance of the Class B
Certificates exceeds the Class B Investor Interest after
giving effect to all
transactions on such Distribution Date 0
(h) Information regarding Distribution in respect of the
Collateral Interest
1. Total distribution 6.218299
2. Amount of distribution in respect of Collateral 6.218299
Monthly Interest
3. Amount of distribution in respect of Collateral 0
Overdue Interest
4. Amount of distribution in respect of Collateral 0
Monthly Principal
(i) Amount of reductions in Collateral Interest pursuant to
clauses (c), (d) and (e)
of the definition of Collateral Interest
1. Amount of reductions in Collateral Interest 0
2. Total amount reimbursed in respect of reductions of 0
Collateral Interest
(j) Application of Reallocated Investor Finance Charge
Collections
1. Class A Available Funds 3,758,105
a. Class A Monthly Interest 1,329,938
b. Class A Overdue Monthly Interest 0
c. Class A Additional Interest 0
d. Class A Servicing Fee 324,375
e. Class A Investor Default Amount 814,623
f. Excess Spread 1,289,169
2. Class B Available Funds 304,124
a. Class B Monthly Interest 111,125
b. Class B Overdue Monthly Interest 0
c. Class B Additional Interest 0
d. Class B Servicing Fee 26,250
e. Excess Spread 166,749
3. Collateral Holder Available Funds 282,401
a. Excess Spread 282,401
4. Total Excess Spread 1,738,319
</TABLE>
<PAGE>
Monthly Servicer's Certificate
Page 5 (all amounts in dollars except percentages)
<TABLE>
<CAPTION>
<S> <C>
(k) Application of Excess Spread and Excess Finance Charge
Collections Allocated to Series 1997-1
1. Beginning Excess Spread 1,738,319
2. Excess Finance Charge Collections 0
3. Applied to fund Class A Required Amount 0
4. Unreimbursed Class A Investor Charge-Offs 0
5. Applied to fund Class B Required Amount 65,923
6. Reductions of Class B Investor Interest treated as
Available Principal Collections 0
7. Applied to Collateral Monthly Interest and unpaid
Collateral Monthly Interest 121,257
8. Applied to Collateral Interest Servicing Fee and any
overdue Collateral Interest Servicing Fee 24,375
9. Collateral Investor Default Amount treated as
Available Principal Collections 61,214
10. Reductions of Collateral Interest treated as Available
Principal Collections 0
11. Deposit to Reserve Account (if required) 0
12. Applied to other amounts owed to Collateral Interest
Holder 0
13. Balance to constitute Excess Finance Charge
Collections for other series 1,465,550
13 Trust Performance
(a) Delinquencies
1. 30-59 days 12,487,510
2. 60-89 days 7,041,101
3. 90 days and over 11,493,724
4. Total 30+ days delinquent 31,022,335
(b) Base Rate
a. Current Monthly Period 8.24928%
b. Prior Monthly Period 8.24911%
c. Second Prior Monthly Period 8.21830%
(c) Three Month Average Base Rate 8.23890%
(d) Portfolio Yield (gross portfolio yield less net defaults)
a. Current Monthly Period 13.61148%
b. Prior Monthly Period 15.78346%
c. Second Prior Monthly Period 14.39117%
(e) Three Month Average Portfolio Yield 14.59537%
(f) Excess Spread Percentage
a. Current Monthly Period 5.86220%
b. Prior Monthly Period 8.03435%
c. Second Prior Monthly Period 6.67287%
(g) Three Month Average Excess Spread Percentage 6.85647%
(h) Monthly Payment Rate (total collections/beginning 12.26209%
aggregate principal receivables)
(i) Portfolio Adjusted Yield 5.36220%
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this certificate this 11th day of
October
</TABLE>
First USA Bank, National
Association, as Servicer
By: /s/ Tracie Klein
--------------------------------------------
Name: Tracie Klein
Title: First Vice President
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