<PAGE>
=============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 14, 1997
American Express Receivables Financing Corporation
on behalf of the American Express Master Trust
(Issuer in respect of the 6.05% Class A Accounts
Receivable Trust Certificates, Series 1992-1,
the 6.60% Class A Accounts Receivable Trust
Certificates, Series 1992-2, the 5.375% Class A
Accounts Receivable Trust Certificates, Series 1993-1,
the 7.15% Class A Accounts Receivable Trust Certificates,
Series 1994-1, the 7.60% Class A Accounts Receivable
Trust Certificates, Series 1994-2, the 7.85% Class A Accounts
Receivable Trust Certificates, Series 1994-3, the Class A Floating Rate
Accounts Receivable Trust Certificates, Series 1996-1 and the
Class A Floating Rate Accounts Receivable Trust Certificates, Series 1996-2)
(Exact name of registrant as specified in its charter)
33-47812
33-49106
33-67502
Delaware 33-81634 13-3632012
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Numbers) Identification No.)
200 Vesey Street, New York, New York 10285
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 640-3975
=============================================================================
<PAGE>
Item 5. Other Events
(a) Information concerning the American Express Master Trust is contained
in the Monthly Servicer's Certificate dated August 7, 1997 for the Distribution
Date occurring on August 15, 1997 and the preceding Due Period from July 1
through July 31, 1997 provided to The Bank of New York, as Trustee under the
Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended
(the "Agreement"), for the American Express Master Trust. Such Monthly
Servicer's Certificate is attached hereto as Exhibit 99.1 and is incorporated
herein by reference. Information concerning interest distributions made on
the Class A Certificates, Series 1996-1 and 1996-2, occurring on
August 15, 1997, is contained in the Payment Date Statements provided to the
holders of such Class A Certificates. Information concerning interest
distributions made on the Class B Certificates, Series 1992-2, 1993-1,
1994-1, 1994-2, 1994-3, 1996-1 and 1996-2 occurring on August 15, 1997, is
contained in the Payment Date Statements provided to the holder of such Class B
Certificates. Such Payment Date Statements are attached hereto as Exhibits
20.1 and 20.2, respectively, and incorporated herein by reference.
(b) On August 7, 1997, the Registrant amended the Receivable
Purchase Agreement dated as of June 30, 1992 between American
Express Travel Related Services Company, Inc. ("TRS"), as the
seller of Receivables, and American Express Receivables Financing
Corporation ("RFC"), as the purchaser of Receivables, so that the
purchase price payable by RFC to TRS pursuant to the Receivable
Purchase Agreement shall not be subject to adjustment in certain
circumstances. This amendment does not affect settlements between
RFC and the Trust.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
Exhibit No. Description
Exhibit 20.1 Payment Date Statements relating to interest
distributions on the Class A Certificates,
Series 1996-1 and 1996-2, occurring on August 15, 1997.
Exhibit 20.2 Payment Date Statements relating to interest
distributions on the Class B Certificates,
Series 1992-2, 1993-1, 1994-1, 1994-2,
1994-3, 1996-1 and 1996-2 occurring on
August 15, 1997.
Exhibit 20.3 Amendment No. 2, dated as of August 7, 1997, to the
Receivable Purchase Agreement dated as of June 30,
1992, between American Express Travel Related
Services Company, Inc. and American Express
Receivables Financing Corporation.
Exhibit 99.1 Monthly Servicer's Certificate dated August 7, 1997 for
the Distribution Date occurring on August 15, 1997 and
the preceding Due Period from July 1 through
July 31, 1997 provided to The Bank of New York, as
Trustee under the Agreement for the American Express
Master Trust.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized on the date indicated.
AMERICAN EXPRESS MASTER TRUST
By: /s/ Leslie R. Scharfstein
----------------------------
Leslie R. Scharfstein
(Vice President of American
Express Receivables Financing
Corporation, Originator of the
American Express Master Trust)
Dated: August 14, 1997
<PAGE>
EXHIBIT INDEX
Designation Description Page
- ----------- ----------- ----
Exhibit 20.1 Payment Date Statements relating to 5
interest distributions on the Class A
Certificates, Series 1996-1 and 1996-2,
occurring on August 15, 1997.
Exhibit 20.2 Payment Date Statements relating to 10
interest distributions on the Class B
Certificates, Series 1992-2,
1993-1, 1994-1, 1994-2, 1994-3, 1996-1
and 1996-2 occurring on August 15, 1997.
Exhibit 20.3 Amendment No. 2, dated as of August 7, 1997, 25
to the Receivable Purchase Agreement dated
as of June 30, 1992, between American Express
Travel Related Services Company, Inc. and
American Express Receivables Financing
Corporation.
Exhibit 99.1 Monthly Servicer's Certificate dated 30
August 7, 1997 for the Distribution Date
occurring on August 15, 1997 and the
preceding Due Period from July 1 through
July 31, 1997 provided to The Bank of New
York, as Trustee under the Agreement for
the American Express Master Trust.
<PAGE>
Exhibit 20.1
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class A Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1996-1 Supplement, dated as of September 9, 1996
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997
------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class A Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class A distributions $ 4,769,010.29
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 4,769,010.29
----------------
4. Excess of Class A principal balance over Class A
Invested Amount as of the Record Date $ 0
----------------
5. Class A Invested Amount as of the Record Date/
Class A Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 950,000,000.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
_________________________________
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
------------------------------------
Class A Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1996-2 Supplement, dated as of September 9, 1996
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class A Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class A distributions $ 1,498,253.25
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 1,498,253.25
----------------
4. Excess of Class A principal balance over Class A
Invested Amount as of the Record Date $ 0
----------------
5. Class A Invested Amount as of the Record Date/
Class A Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 300,000,000.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
_________________________________
Name: Jay Stevelman
Title:
<PAGE>
Exhibit 20.2
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1992-2 Supplement, dated as of August 3, 1992 (as
supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
__________________________
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 164,903.00
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 164,903.00
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 29,100,529.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1993-1 Supplement, dated as of September 9, 1993
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
________________________
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 160,052.91
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 160,052.91
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 34,920,635.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1994-1 Supplement, dated as of September 1, 1994
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
__________________________
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 106,944.44
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 106,944.44
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 17,460,317.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1994-2 Supplement, dated as of September 1, 1994
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
___________________________
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 112,764.55
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 112,764.55
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 17,460,317.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1994-3 Supplement, dated as of September 1, 1994
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
____________________________
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 115,674.60
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 115,674.60
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 17,460,317.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
-----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1996-1 Supplement, dated as of September 9, 1996
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
____________________________
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 468,581.08
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 468,581.08
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 77,027,027.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
-----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as
supplemented by the Series 1996-2 Supplement, dated as of September 9, 1996
(as supplemented, the "Agreement"), between TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and the Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is July 31, 1997.
____________________________
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 143,918.92
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 143,918.92
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in
the Invested Amount which will occur upon the current
distribution) $ 24,324,324.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly authorized
officer on this 7th day of August, 1997.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
-----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Exhibit 20.3
<PAGE>
Amendment No. 2
to Receivable Purchase Agreement
AMENDMENT NO. 2, dated as of August 7, 1997 (the "Effective
Date"), to the RECEIVABLE PURCHASE AGREEMENT, dated as of June 30,
1992 (as amended and otherwise supplemented prior to the Effective
Date, the "Receivable Purchase Agreement"), between AMERICAN
EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., a corporation
organized and existing under the laws of the State of New York, as
the Seller of the Receivables (the "Seller"), and AMERICAN EXPRESS
RECEIVABLES FINANCING CORPORATION, a corporation organized and
existing under the laws of the State of Delaware, as the Purchaser
of the Receivables ("RFC").
Each capitalized term that is used, but not defined, herein
shall have the meaning specified in the Receivable Purchase
Agreement.
WHEREAS, pursuant to Section 3.08 of the Pooling and Servicing
Agreement, the Servicer may from time to time, at the request of
RFC, and pursuant to the written instructions of RFC, adjust
downward the amount of Receivables in Adjusted Accounts (as such
term is defined below) without receiving any Collections therefor;
WHEREAS, the Seller and RFC wish to amend the Receivable
Purchase Agreement (in the manner set forth below) so that the
Purchase Price payable by RFC to the Seller pursuant to the
Receivable Purchase Agreement shall not be subject to a Credit
Adjustment as a result of such adjustment downward of the amount of
any Receivables in Adjusted Accounts;
WHEREAS, pursuant to Section 21(a) of the Receivable Purchase
Agreement, such amendment may be effected without the consent of
any of the Investor Certificateholders;
NOW, THEREFORE, pursuant to Section 21(a) of the Receivable
Purchase Agreement, the Seller and RFC hereby agree as follows:
1. New Defined Terms. Paragraph C (entitled "Definitions")
appearing on page 1 of the Receivable Purchase Agreement is hereby
amended by inserting the following text immediately after the first
and only sentence thereof:
In addition, whenever used herein, the following capitalized terms
shall have the meanings set forth below:
(a) "Adjusted Accounts Report" shall mean the report of RFC,
substantially in the form of Exhibit E attached hereto, to be dated
on or before the Determination Date with respect to the prior Due
Period, pursuant to which RFC shall report or cause to be reported
(i) the account numbers and Receivable balance of the Adjusted
Accounts on the date (the "Adjustment Date") the Adjusted Account
was adjusted to zero without receiving any Collections therefor
with respect to Cycle 9 for the second preceding Due Period and
Cycles 1 through 8 for the immediately preceding Due Period and
(ii) the Adjustment Date.
(b) "Adjusted Account" shall mean any Account the Receivables
of which have been adjusted to zero pursuant to Section 3.08 of the
Pooling and Servicing Agreement, but for reasons unrelated to
rebates, refunds, unauthorized charges, or billing errors to
obligors, or because such Receivable was created in respect of
merchandise which was refused or returned by an Obligor, in each
case identified by account number, Receivable balance and
Adjustment Date, and reflected in the books and records of the
Servicer.
2. Amendment of Section 5 of the Receivable Purchase
Agreement. As of the Effective Date, Section 5 of the Receivable
Purchase Agreement is hereby amended and restated in its entirety
to read as follows:
Section 5. Adjustments to Purchase Price. Subject to the
exception described in the next sentence, (a) the Purchase Price
shall be adjusted (a "Credit Adjustment") with respect to any
Receivable adjusted as provided in subsection 3.08(a) of the
Pooling and Servicing Agreement, and (b) to the extent that RFC is
required thereunder to pay any amount to the Servicer for deposit
into the Collection Account, the Seller shall pay to RFC the amount
required to be paid to the Servicer thereunder. Notwithstanding
any of the foregoing, (a) a Credit Adjustment shall not be made
with respect to the adjustment to zero of any Receivables in a
Adjusted Account pursuant to subsection 3.08(a) of the Pooling and
Servicing Agreement, and (b) notwithstanding any adjustment to zero
described in clause (a) of this sentence, the Purchase Price shall
remain unaffected and the Seller shall not be obligated, under this
Section 5 or any other provision of this Agreement or the Pooling
and Servicing Agreement, to pay or otherwise credit any amount to
RFC, the Servicer or the Trust in connection with such adjustment.
RFC shall provide, or cause to be provided to the Trustee, on or
before each Determination Date, an Adjusted Accounts Report for the
immediately preceding Due Period.
3. New Exhibit E. As of the Effective Date, Exhibit E
attached hereto shall be added to the exhibit section of, and shall
be deemed to constitute Exhibit E to, the Receivable Purchase
Agreement.
4. Conditions Precedent. As contemplated by Section 21(a)
of the Receivable Purchase Agreement, the effectiveness of this
Amendment as of the Effective Date shall be subject to the
satisfaction of the following conditions precedent:
(a) the Servicer shall have provided to the Trustee an
Officer's Certificate to the effect that the amendments to the
Receivable Purchase Agreement and the transactions contemplated
hereby will not materially and adversely affect any of the Investor
Certificateholders;
(b) each Rating Agency rating any of the Investor
Certificates shall have confirmed that the execution and delivery
of this Amendment by the parties hereto and the transactions
contemplated hereby will not result in the reduction or withdrawal
of its rating of any of the Investor Certificates; and
(c) Orrick, Herrington & Sutcliffe LLP, counsel to the Seller
and RFC, shall have delivered to the Trustee an opinion (which
shall be satisfactory to the Trustee) to the effect that the
execution and delivery of this Amendment by the parties hereto will
not cause the Trust to be characterized for U.S. federal income tax
purposes as an association taxable as a corporation or adversely
affect the treatment of any of the Investor Certificates as debt
for U.S. federal income tax purposes.
5. No Further Amendments. Except as expressly amended
hereby, the Receivable Purchase Agreement shall remain unmodified
and in full force and effect.
6. GOVERNING LAW. THIS AMENDMENT AND THE RECEIVABLE
PURCHASE AGREEMENT, AS AMENDED HEREBY, SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REFERENCE TO ITS CONFLICT-OF-LAWS PROVISIONS; AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER AND THEREUNDER SHALL
BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
7. Counterparts. This Amendment may be executed in
counterparts, all of which, together, shall constitute one and the
same agreement.
IN WITNESS WHEREOF, the parties hereto have caused their names
to be signed hereto by their respective, duly authorized officers.
AMERICAN EXPRESS TRAVEL
RELATED SERVICES COMPANY, INC.,
as Seller of the Receivables
and as Servicer
By: /s/ Jay B. Stevelman
--------------------
Name: Jay B. Stevelman
Title: Treasurer
AMERICAN EXPRESS RECEIVABLES
FINANCING CORPORATION,
as Purchaser of the Receivables
By: /s/ Leslie R. Scharfstein
---------------------------
Name: Leslie R. Scharfstein
Title: Vice President
ACKNOWLEDGED AND ACCEPTED BY:
THE BANK OF NEW YORK,
as the Trustee
By: /s/ Reyne A. Macadaeg
---------------------
Name: Reyne A. Macadaeg
Tile: Assistant Vice President
<PAGE>
Exhibit E
Adjusted Accounts Report
[Date]
We refer to (i) the Master Pooling and Servicing
Agreement dated as of June 30, 1992, as amended and supplemented
(the "Pooling Agreement"), among American Express Receivables
Financing Corporation ("RFC"), as Transferor, American Express
Travel Related Services Company, Inc. ("TRS"), as Servicer; and The
Bank of New York, as Trustee, related to the American Express
Master Trust, and (ii) the Receivable Purchase Agreement dated as
of June 30, 1992, as amended and supplemented (the "RPA"), between
RFC, as Buyer, and TRS, as Seller. Each capitalized term used but
not defined herein or in the RPA shall have the meaning specified
in the Pooling Agreement.
As contemplated by Section 5 of the RPA, we have enclosed
herewith a [list][microfiche] identifying certain Accounts
(hereinafter "Adjusted Accounts") by (i) account number and
outstanding Receivables balance as of the Adjustment Date and (ii)
the Adjustment Date. Such Accounts have been adjusted to zero on
the books and records of the Servicer pursuant to Section 3.08(a)
of the Pooling Agreement for reasons unrelated to rebates, refunds,
unauthorized charges, or billing errors to Obligors, or because
such Receivable was created in respect of merchandise which was
refused or returned by an Obligor.
AMERICAN EXPRESS RECEIVABLES
FINANCING CORPORATION, the Transferor
By:________________________________
Name:
Title:
<PAGE>
Exhibit 99.1
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
----------------------------------------------
American Express Master Trust
----------------------------------------------
The undersigned, a duly authorized representative of American Express
Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
the Master Pooling and Servicing Agreement dated as of June 30, 1992
(as Amended, the "Agreement"), as supplemented by the Series
Supplements, amongst TRS, American Express Receivables Financing
Corporation ("RFC"), as Transferor, and The Bank of New York, as
Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement as
applicable; provided, that the "preceding Due Period" shall mean the
Due Period immediately preceding the calendar month in which this
Certificate is delivered. This certificate is delivered pursuant to
subsection 3.04 (c) of the Agreement. References herein to certain
sections and subsections are references to the respective sections
and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on
August 15, and the related Due Period from
July 1 through July 31, 1997
A. Information Regarding the American Express Master Trust
1. Trust Principal Component as of the
end of the preceding Due Period..... $5,729,629,955.15
2. Aggregate Invested Amounts as of the
end of the preceding Due Period..... $3,467,753,466.00
3. Transferor Amount as of the
end of the preceding Due Period..... $2,261,876,489.15
4.(a) Transferor Percentage as of the
end of the second preceding Due Period..... 41.089694%
4.(b) Transferor Percentage as of the
end of the preceding Due Period..... 39.476834%
5. Aggregate Excess Principal Collections for
the preceding Due Period..... $2,682,086,423.91
6. Aggregate Principal Shortfalls for
the preceding Due Period..... $0.00<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
B. Information Regarding Performance of the American Express Master Trust
Receivable Pool
1. The aggregate Receivable balance as of
(a) the beginning of the preceding Due Period was
equal to.......... $6,068,553,738.40
(b) the end of the preceding Due Period was
equal to.......... $5,906,835,005.31
2. The Yield Factor in effect from
July 1 through July 31, 1997 was equal to..... 3.0000%
3. The aggregate amount of billed Receivables
as of the beginning of the preceding
Due Period was equal to.......... $5,861,150,877.19
4.(a) The aggregate amount of Collections on Receivables,
exclusive of recoveries for the preceding Due Period
was equal to.......... $4,667,578,162.04
4.(b) The aggregate balance of Receivables
deposited to the Collection Account
pursuant to Sections 2.04(d) and 3.03
of the Agreement for the preceding Due Period
was equal to.......... $0.00
5. The aggregate amount of Principal Collections
for the preceding Due Period
was equal to..........
$4,527,550,817.18
6. The aggregate amount of Yield Collections
for the preceding Due Period
was equal to.......... $140,027,344.86
7. Gross Losses
[The aggregate amount of Receivables for all Accounts
which became Defaulted Accounts during the
preceding Due Period] was equal to.......... $31,722,653.73
8. The aggregate amount of Recoveries
for the preceding Due Period
was equal to.......... $5,661,042.06
9.(a) Net Losses [Gross Losses, less Recoveries]
for the preceding Due Period
was equal to.......... $26,061,611.67
9.(b) The Default Amount [Net Losses, times
(1 minus the Yield Factor)]
for the preceding Due Period
was equal to.......... $25,279,763.32
10. Delinquent Balances
The aggregate amount of outstanding balances in the
Accounts that were delinquent as of such Accounts'
cycle billing date occurring during the
preceding Due Period:
Aggregate Balance
-----------------
(a) 30-59 Days 108,403,719.58
(b) 60-89 Days 46,397,477.77
(c) 90-119 Days 31,687,029.48
(d) 120 days or more 134,939,929.71
Total 321,428,156.54
Page 2<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
C. Information Regarding Performance of the American Express Master Trust
Receivable Pool (Percentage Basis)
1. The aggregate amount of Charge Volume and Fees
for the preceding Due Period..... $4,537,582,082.68
2. Computed yield as a percentage of Charge Volume and Fees
[Yield Collections for the preceding Due Period
divided by the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 3.0859%
3. Gross Losses as a Percentage of Charge Volume and Fees
[Gross Losses, divided by the aggregate amount of Charge
Volume and Fees for the preceding Due Period]...... 0.6991%
4. Recovery rate [Recoveries, divided by
the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 0.1248%
5. Net Losses as a Percentage of Charge Volume and Fees
[Net Losses, divided by the aggregate amount of Charge
Volume and Fees for the preceding Due Period]...... 0.5744%
6. Computed Net Yield as a Percentage of Charge Volume and Fees
[Yield Collections less Net Losses,
divided by the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 2.5116%
7. Average Monthly Payment rate for the Due Period
[Collections on Receivables, excluding Recoveries
for the preceding Due Period, divided by the
aggregate amount of billed Receivables as of
the beginning of the preceding Due Period]..... 79.6359%
8. Receivable turnover rate
Charge Volume and Fees for the previous twelve Due Periods
divided by the arithmetic average of month-end Receivable
balances for the previous twelve Due Periods, including the
Receivable balance at the beginning of such twelve month
period 8.9138
9. Delinquency rates
[The aggregate amount of outstanding balances in the Accounts
that were delinquent as of such Accounts' cycle billing date
occurring during the preceding Due Period, divided by the
aggregate amount of outstanding balances for all Accounts
as of such Accounts' cycle billing date occurring during the
preceding Due Period]:
(a) 30-59 Days 1.8944%
(b) 60-89 Days 0.8108%
(c) 90-119 Days 0.5538%
(d) 120 or More Days 2.3582%
Page 3
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
D. Information Regarding the Privileged Assets Program
1. Estimated Trust Privileged Assets Billed Amounts
for the second preceding Due Period........... $21,579,071.00
2. Privileged Assets Applied Dilution Factor for the
second preceding Due Period........... 19.31352%
3. Privileged Assets Calculated Amount for the
preceding Due Period........... $4,042,647.00
4. Trust Principal Component as of the end of the
preceding Due Period(reduced by the Privileged
Assets Calculated Amount for the preceding
Due Period)......... $5,725,587,308.00
5. Minimum Trust Principal Component........ $4,727,500,000.00
6. Transferor Amount(reduced by the Privileged
Assets Calculated Amount for the preceding
Due Period)as of the end of the preceding
Due Period........ $2,257,833,842.00
7. The Trust Principal Component as of the end
of the preceding Due Period(reduced by the
privileged Assets Calculated Amount for the
preceding Due Period)[Item 4]was not less
than the Minimum Trust Principal Component [Item 5]. Yes
8. Transferor Amount(reduced by the Privileged
Assets Calculated Amount for the preceding Due
Period)[Item 6]as a percentage of the Trust Principal
Component(reduced by the Privileged Assets
Calculated Amount for the preceding Due Period) [Item 4]. 39.43%
9. The Transferor Amount(reduced by the Privileged
Assets Calculated Amount for the preceding Due
Period)[Item 6] was not less than 3.0% of the
Trust Principal Component(reduced by the Privileged
Assets Calculated Amount for the preceding Due Period)
[Item 4].......... Yes
Page 4
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
10. Estimated Trust Privileged Assets Billed Amounts
for the second preceding Due Period [Item 1]as a
percentage of Trust Principal Component for the
preceding Due Period(as reduced)[Item 4]............. 00.3769%
11. Item 10 does not exceed 1% at the same time as
Item 8 is less than 17%. Yes
12. Average of the Privileged Assets Monthly Payment
Rates for the 6 month period ending on the last
day of the second preceding Due Period. 97.3310%
13. Trust Average Monthly Payment Rate for the preceding
Due Period. 75.0597%
14. 110% of Item 13......... 82.5657%
15. Item 12 is not less than Item 14 at the same time
as Item 8 is less than 17%. Yes
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August, 1997.
American Express
Travel Related Services
Company, Inc.
Servicer,
By:/s/Marianne Thomson
---------------------
Name: Marianne Thomson
Title: Director - Financial
Administration
Page 5
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1992-1 Certificates
A. Information Regarding American Express Master Trust Series
1992-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 0.0000%
2. Fixed Allocation Percentage..... N/A
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1992-1 [Floating Allocation
Percentage, times Yield Collections]..... $0.00
5. The amount of Principal Collections allocable to
Series 1992-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $0.00
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1992-1 [Floating Allocation
Percentage, times Default Amount].... $0.00
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1992-1 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 0.0000% $0.00
2. Class B Monthly Interest $0.00
3. Investor Monthly Servicing Fee $0.00
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $0.00
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $0.00
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1992-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1992-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1992-1 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $0.00
D. Information Regarding the Series 1992-1 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $0.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $0.00
E. Information Regarding Series 1992-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-1
-----------------------------------------------------
F. Information Regarding Series 1992-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $0.00
2. Class B Certificate Balance $0.00
3. Class A Invested Amount $0.00
4. Class B Invested Amount $0.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $0.00
5. Class B interest distributions $0.00
6. Class B principal distributions $0.00
H. The Series 1992-1 Factors
1. The Series 1992-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 0.0000000%
2. The Series 1992-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 0.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1992-1 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-2
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1992-2 Certificates
A. Information Regarding American Express Master Trust Series
1992-2 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 8.9884%
2. Fixed Allocation Percentage..... N/A
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1992-2 [Floating Allocation
Percentage, times Yield Collections]..... $12,586,185.07
5. The amount of Principal Collections allocable to
Series 1992-2:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $406,953,317.30
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1992-2 [Floating Allocation
Percentage, times Default Amount].... $2,272,240.33
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1992-2 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 6.6000% $2,750,000.00
2. Class B Monthly Interest $164,903.00
3. Investor Monthly Servicing Fee $881,834.21
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $2,272,240.33
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $6,517,207.53
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-2
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1992-2 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1992-2 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1992-2 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $409,225,557.63
D. Information Regarding the Series 1992-2 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $2,750,000.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $2,750,000.00
E. Information Regarding Series 1992-2 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-2
-----------------------------------------------------
F. Information Regarding Series 1992-2 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $500,000,000.00
2. Class B Certificate Balance $29,100,529.00
3. Class A Invested Amount $500,000,000.00
4. Class B Invested Amount $29,100,529.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $164,903.00
5. Class B interest distributions $164,903.00
6. Class B principal distributions $0.00
H. The Series 1992-2 Factors
1. The Series 1992-2 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1992-2 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-2
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1992-2 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1993-1 Certificates
A. Information Regarding American Express Master Trust Series
1993-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 10.7861%
2. Fixed Allocation Percentage..... N/A
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1993-1 [Floating Allocation
Percentage, times Yield Collections]..... $15,103,422.09
5. The amount of Principal Collections allocable to
Series 1993-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $488,343,980.94
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1993-1 [Floating Allocation
Percentage, times Default Amount].... $2,726,688.39
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1993-1 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 5.3750% $2,687,500.00
2. Class B Monthly Interest $160,052.91
3. Investor Monthly Servicing Fee $1,058,201.06
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $2,726,688.39
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $8,470,979.73
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1993-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1993-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1993-1 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $491,070,669.33
D. Information Regarding the Series 1993-1 Class A
Interest Funding Account
1. Beginning Balance $10,750,000.00
2. Deposit from Collection Account $2,687,500.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $13,437,500.00
E. Information Regarding Series 1993-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
F. Information Regarding Series 1993-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $600,000,000.00
2. Class B Certificate Balance $34,920,635.00
3. Class A Invested Amount $600,000,000.00
4. Class B Invested Amount $34,920,635.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $160,052.91
5. Class B interest distributions $160,052.91
6. Class B principal distributions $0.00
H. The Series 1993-1 Factors
1. The Series 1993-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1993-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1993-1 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1994-1 Certificates
A. Information Regarding American Express Master Trust Series
1994-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.3930%
2. Fixed Allocation Percentage..... N/A
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1994-1 [Floating Allocation
Percentage, times Yield Collections]..... $7,551,711.03
5. The amount of Principal Collections allocable to
Series 1994-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $244,171,990.02
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1994-1 [Floating Allocation
Percentage, times Default Amount].... $1,363,344.19
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1994-1 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 7.1500% $1,787,500.00
2. Class B Monthly Interest $106,944.44
3. Investor Monthly Servicing Fee $529,100.53
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $1,363,344.19
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $3,764,821.87
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1994-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1994-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1994-1 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $245,535,334.21
D. Information Regarding the Series 1994-1 Class A
Interest Funding Account
1. Beginning Balance $7,150,000.00
2. Deposit from Collection Account $1,787,500.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $8,937,500.00
E. Information Regarding Series 1994-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
F. Information Regarding Series 1994-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $17,460,317.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $17,460,317.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $106,944.44
5. Class B interest distributions $106,944.44
6. Class B principal distributions $0.00
H. The Series 1994-1 Factors
1. The Series 1994-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1994-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1994-1 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1994-2 Certificates
A. Information Regarding American Express Master Trust Series
1994-2 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.3930%
2. Fixed Allocation Percentage..... N/A
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1994-2 [Floating Allocation
Percentage, times Yield Collections]..... $7,551,711.03
5. The amount of Principal Collections allocable to
Series 1994-2:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $244,171,990.02
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1994-2 [Floating Allocation
Percentage, times Default Amount].... $1,363,344.19
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1994-2 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 7.6000% $1,900,000.00
2. Class B Monthly Interest $112,764.55
3. Investor Monthly Servicing Fee $529,100.53
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $1,363,344.19
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $3,646,501.76
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1994-2 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1994-2 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1994-2 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $245,535,334.21
D. Information Regarding the Series 1994-2 Class A
Interest Funding Account
1. Beginning Balance $7,600,000.00
2. Deposit from Collection Account $1,900,000.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $9,500,000.00
E. Information Regarding Series 1994-2 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
F. Information Regarding Series 1994-2 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $17,460,317.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $17,460,317.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $112,764.55
5. Class B interest distributions $112,764.55
6. Class B principal distributions $0.00
H. The Series 1994-2 Factors
1. The Series 1994-2 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1994-2 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1994-2 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1994-3 Certificates
A. Information Regarding American Express Master Trust Series
1994-3 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.3930%
2. Fixed Allocation Percentage..... 0.0000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1994-3 [Floating Allocation
Percentage, times Yield Collections]..... $7,551,711.03
5. The amount of Principal Collections allocable to
Series 1994-3:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $244,171,990.02
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1994-3 [Floating Allocation
Percentage, times Default Amount].... $1,363,344.19
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1994-3 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 7.8500% $1,962,500.00
2. Class B Monthly Interest $115,674.60
3. Investor Monthly Servicing Fee $529,100.53
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $1,363,344.19
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $3,581,091.71
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1994-3 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1994-3 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1994-3 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $245,535,334.21
D. Information Regarding the Series 1994-3 Class A
Interest Funding Account
1. Beginning Balance $7,850,000.00
2. Deposit from Collection Account $1,962,500.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $9,812,500.00
E. Information Regarding Series 1994-3 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
F. Information Regarding Series 1994-3 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $17,460,317.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $17,460,317.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $115,674.60
5. Class B interest distributions $115,674.60
6. Class B principal distributions $0.00
H. The Series 1994-3 Factors
1. The Series 1994-3 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1994-3 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1994-3 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1996-1 Certificates
A. Information Regarding American Express Master Trust Series
1996-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 17.4472%
2. Fixed Allocation Percentage..... N/A
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1996-1 [Floating Allocation
Percentage, times Yield Collections]..... $24,430,805.73
5. The amount of Principal Collections allocable to
Series 1996-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $789,929,385.14
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1996-1 [Floating Allocation
Percentage, times Default Amount].... $4,410,602.71
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1996-1 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 5.8297% $4,769,010.29
2. Class B Monthly Interest $468,581.08
3. Investor Monthly Servicing Fee $1,711,711.71
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $4,410,602.71
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $13,070,899.94
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1996-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1996-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1996-1 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $794,339,987.85
D. Information Regarding the Series 1996-1 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $4,769,010.29
3. Withdrawal to Class A Certificateholders, if any $4,769,010.29
4. Ending Balance $0.00
E. Information Regarding Series 1996-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
F. Information Regarding Series 1996-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $950,000,000.00
2. Class B Certificate Balance $77,027,027.00
3. Class A Invested Amount $950,000,000.00
4. Class B Invested Amount $77,027,027.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $4,769,010.29
2. Class A interest distributions $4,769,010.29
3. Class A principal distributions $0.00
4. Total Class B distributions $468,581.08
5. Class B interest distributions $468,581.08
6. Class B principal distributions $0.00
H. The Series 1996-1 Factors
1. The Series 1996-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1996-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1996-1 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
<PAGE>
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1996-2 Certificates
A. Information Regarding American Express Master Trust Series
1996-2 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.5096%
2. Fixed Allocation Percentage..... N/A
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1996-2 [Floating Allocation
Percentage, times Yield Collections]..... $7,714,991.27
5. The amount of Principal Collections allocable to
Series 1996-2:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $249,451,384.57
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1996-2 [Floating Allocation
Percentage, times Default Amount].... $1,392,821.90
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1996-2 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest @ 5.7997% $1,498,253.25
2. Class B Monthly Interest $143,918.92
3. Investor Monthly Servicing Fee $540,540.54
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $1,392,821.90
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,139,456.66
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1996-2 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the
Collection Account for distribution
to Class B Certificateholders $0.00
3. Series 1996-2 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1996-2 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $250,844,206.47
D. Information Regarding the Series 1996-2 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $1,498,253.25
3. Withdrawal to Class A Certificateholders, if any $1,498,253.25
4. Ending Balance $0.00
E. Information Regarding Series 1996-2 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest
previously due but not deposited in the Class A
Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest
previously due but not distributed to Class B
Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B
Certificate Rate] with respect to interest
amounts that were due but not paid
on a previous Distribution Date.... $0.00
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
F. Information Regarding Series 1996-2 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $24,324,324.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $24,324,324.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $1,498,253.25
2. Class A interest distributions $1,498,253.25
3. Class A principal distributions $0.00
4. Total Class B distributions $143,918.92
5. Class B interest distributions $143,918.92
6. Class B principal distributions $0.00
H. The Series 1996-2 Factors
1. The Series 1996-2 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1996-2 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1996-2 Certificates
has occurred.
Any Yield Factor in effect during the preceding Due Period was not below the
minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period
was not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not less
than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 7th day of August.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Marianne Thomson
-------------------
Marianne Thomson
Director
Financial Administration
Page 4
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