=============================================================================
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) February 15, 2000
American Express Master Trust
(Issuer in respect of the
5.375% Class A Accounts Receivable Trust Certificates, Series 1993-1,
7.60% Class A Accounts Receivable Trust Certificates, Series 1994-2,
7.85% Class A Accounts Receivable Trust Certificates, Series 1994-3,
Class A Floating Rate Accounts Receivable Trust Certificates, Series 1996-1,
Class A Floating Rate Accounts Receivable Trust Certificates, Series 1996-2 and
5.90% Class A Accounts Receivable Trust Certificates, Series 1998-1)
- --------------------------------------------------------------------------------
American Express Receivables Financing Corporation
Co-Originator of the Trust and a Transferor
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
33-47812
33-49106
33-67502
33-81634
333-51045
Delaware 000-21424 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
----------------
American Express Centurion Bank
Co-Originator of the Trust and a Transferor
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
Utah 000-21424-01 11-2869526
- -------------------------------- ------------ --------------
State or other jurisdiction (Commission (IRS Employer
of incorporation) File Numbers) Identification No.)
6985 Union Park Center, Midvale, Utah 84047
- ---------------------------------------- -----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (801) 565-5000
---------------
==============================================================================
<PAGE>
Item 5. Other Events
Information concerning the American Express Master Trust is contained
in the Monthly Servicer's Certificate dated February 4, 2000 for the
Distribution Date occurring on February 15, 2000 and the preceding Due Period
from December 27, 1999 through January 27, 2000 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, 1996-2 and 1998-1
occurring on February 15, 2000, 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 1993-1, 1994-2,
1994-3, 1996-1, 1996-2 and 1998-1 occurring on February 15, 2000, 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.
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, 1996-2 and 1998-1,
occurring on February 15, 2000.
Exhibit 20.2 Payment Date Statements relating to interest distributions
on the Class B Certificates, Series 1993-1, 1994-2, 1994-3,
1996-1, 1996-2 and 1998-1, occurring on February 15, 2000.
Exhibit 99.1 Monthly Servicer's Certificate dated February 4, 2000 for
the Distribution Date occurring on February 15, 2000 and the
preceding Due Period from December 27, 1999 through January
27, 2000 provided to The Bank of New York, as Trustee under
the Agreement for the American Express Master Trust.
<PAGE>
SIGNATURES
----------
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.
Dated: February 15, 2000
AMERICAN EXPRESS MASTER TRUST
AMERICAN EXPRESS RECEIVABLES
FINANCING CORPORATION,
Transferor
By: /s/ Leslie R. Scharfstein
-------------------------
Name: Leslie R. Scharfstein
Title: President
AMERICAN EXPRESS CENTURION
BANK,
Transferor
By: /s/ Rhonda Halpern
--------------------------
Name: Rhonda Halpern
Title: Chief Financial Officer and Treasurer
<PAGE>
EXHIBIT INDEX
-------------
Designation Description Page
- ----------- ----------- ----
Exhibit 20.1 Payment Date Statements relating to interest 5
distributions on the Class A Certificates, Series
1996-1, 1996-2 and 1998-1, occurring on February
15, 2000.
Exhibit 20.2 Payment Date Statements relating to interest 11
distributions on the Class B Certificates, Series
1993-1, 1994-2, 1994-3, 1996-1, 1996-2 and 1998-1,
occurring on February 15, 2000.
Exhibit 99.1 Monthly Servicer's Certificate dated February 4, 23
2000 for the Distribution Date occurring on
February 15, 2000 and the preceding Due Period from
December 27, 1999 through January 27, 2000 provided
to The Bank of New York, as Trustee under the
Agreement for the American Express Master Trust.
Exhibit 20.1
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1996-1 Supplement, dated as of September 9, 1996
(as amended and supplemented, the "Agreement"), among American Express
Receivables Financing Corporation ("RFC"), and American Express Centurion Bank
as Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 $ 4,390,847.22
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 4,390,847.22
----------------
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 o r 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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
----------------------------
Name:
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1996-2 Supplement, dated as of September 9, 1996
(as amended and supplemented, the "Agreement"), among American Express
Receivables Financing Corporation ("RFC"), and American Express Centurion Bank
as Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 $ 1,379,583.33
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 1,379,583.33
----------------
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 accoun 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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
---------------------------
Name:
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1998-1 Supplement, dated as of May 27, 1998 (as
amended and supplemented, the "Agreement"), among American Express Receivables
Financing Corporation ("RFC"), and American Express Centurion Bank as
Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 $ 4,916,666.67
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 4,916,666.67
----------------
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) $1,000,000,000.00
----------------
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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
----------------------------
Name:
Title:
<PAGE>
Exhibit 20.2
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1993-1 Supplement, dated as of September 9, 1993
(as amended and supplemented, the "Agreement"), among American Express
Receivables Financing Corporation ("RFC"), and American Express Centurion Bank
as Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
---------------------------
Name:
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1994-2 Supplement, dated as of September 1, 1994
(as amended and supplemented, the "Agreement"), among American Express
Receivables Financing Corporation ("RFC"), and American Express Centurion Bank
as Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
----------------------------
Name:
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1994-3 Supplement, dated as of September 1, 1994
(as amended and supplemented, the "Agreement"), among American Express
Receivables Financing Corporation ("RFC"), and American Express Centurion Bank
as Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
----------------------------
Name:
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1996-1 Supplement, dated as of September 9, 1996
(as amended and supplemented, the "Agreement"), among American Express
Receivables Financing Corporation ("RFC"), and American Express Centurion Bank
as Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
---------------------------
Name:
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1996-2 Supplement, dated as of September 9, 1996
(as amended and supplemented, the "Agreement"), among American Express
Receivables Financing Corporation ("RFC"), and American Express Centurion Bank
as Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
---------------------------
Name:
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 amended by
the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and
as supplemented by the Series 1998-1 Supplement, dated as of May 27, 1998 (as
amended and supplemented, the "Agreement"), among American Express Receivables
Financing Corporation ("RFC"), and American Express Centurion Bank as
Transferors, TRS, as Servicer, 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 January 31, 2000.
-----------------
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 $ 293,430.33
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 293,430.33
----------------
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) $ 58,201,058.00
----------------
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 2nd day of February, 2000.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: /s/ Jay Stevelman
---------------------------
Name:
Title:
Exhibit 99.1
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"),
American Express Centurion Bank ("AECB") 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 February
15, and the related Due Period from December 27 through January 27, 2000.
A. Information Regarding the American Express Master Trust
1. Trust Principal Component as of the
end of the preceding Due Period..... $5,985,017,849.93
2. Aggregate Invested Amounts as of the
end of the preceding Due Period..... $3,679,393,678.00
3. Transferor Amount as of the
end of the preceding Due Period..... $2,305,624,171.93
4.(a) Transferor Percentage as of the
end of the second preceding Due Period..... 47.9490%
4.(b) Transferor Percentage as of the
end of the preceding Due Period..... 38.5233%
5. Aggregate Excess Principal Collections for
the preceding Due Period..... $2,824,364,071.79
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.......... $7,287,445,797.01
(b) the end of the preceding Due Period was
equal to.......... $6,170,121,494.78
2. The Yield Factor in effect
for the preceding Due Period 3.0000%
3. The aggregate amount of billed Receivables
as of the beginning of the preceding $6,488,056,401.24
Due Period was equal to..........
4.(a) The aggregate amount of Collections on Receivables,
exclusive of recoveries for the preceding Due Period
was equal to.......... $5,582,225,233.69
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.......... $5,414,758,476.68
6. The aggregate amount of Yield Collections
for the preceding Due Period
was equal to.......... $167,466,757.01
7. Gross Losses
[The aggregate amount of Receivables for all Accounts
which became Defaulted Accounts during the
preceding Due Period] was equal to.......... $16,860,264.75
8. The aggregate amount of Recoveries
for the preceding Due Period
was equal to.......... $5,120,330.41
9.(a) Net Losses [Gross Losses, less Recoveries]
for the preceding Due Period
was equal to.......... $11,739,934.34
9.(b) The Default Amount [Net Losses, times
(1 minus the Yield Factor)]
for the preceding Due Period
was equal to.......... $11,387,736.31
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 $77,469,053.78
(b) 60-89 Days $31,898,580.82
(c) 90-119 Days $20,001,306.76
(d) 120 days or more $63,862,798.31
Total $193,231,739.67
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..... $4,481,761,196.21
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]..... 3.7366%
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]...... 0.3762%
4. Recovery rate [Recoveries, divided by
the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 0.1142%
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]...... 0.2619%
Computed Net Yield as a Percentage of Charge Volume and Fees
6. [Yield Collections less Net Losses,
divided by the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 3.4747%
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]..... 86.0385%
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 9.4200%
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 1.2150%
(b) 60-89 Days 0.3137%
(c) 90-119 Days 0.5003%
(d) 120 or More Days 1.0016%
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........... $17,582,850.00
2. Privileged Assets Applied Dilution Factor for the
second preceding Due Period........... 25.12538%
3. Privileged Assets Calculated Amount for the
preceding Due Period........... $4,285,226.00
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)......... $5,980,732,624.00
5. Minimum Trust Principal Component........ $3,956,500,000.00
6. Transferor Amount(reduced by the Privileged
Assets Calculated Amount for the preceding
Due Period)as of the end of the preceding
Due Period........ $2,301,338,946.00
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]. 38.48%
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]............. 0.2940%
11. Item 10 does not exceed 1% at the same time as
Item 8 is not 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. 94.41733%
13. Trust Average Monthly Payment Rate for the preceding
Due Period. 80.8624%
14. 110% of Item 13......... 88.9486%
15. Item 12 is not less than Item 14 Yes
16. Item 8 is not less than 17% Yes
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
4th day of February 2000.
American Express
Travel Related Services
Company, Inc.
Servicer,
By: /s/ Lawrence Fazzari
-------------------------
Name: Lawrence Fazzari
Title: Vice President
Business Results
Page 5
<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..... 8.9820%
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 1993-1 [Floating Allocation
Percentage, times Yield Collections]..... $15,041,840.56
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.... $486,352,844.52
(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].... $1,022,844.87
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 $1,022,844.87
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $10,113,241.72
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 Serie
deposited to the Series 1993-1 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $487,375,689.39
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 4th
day of February 2000.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
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..... 4.4910%
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 1994-2 [Floating Allocation
Percentage, times Yield Collections]..... $7,520,920.27
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.... $243,176,421.99
(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].... $511,422.43
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 $511,422.43
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,467,632.76
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 $243,687,844.42
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 4th
day of February 2000.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
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..... 4.4910%
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]..... $7,520,920.27
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.... $243,176,421.99
(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].... $511,422.43
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 $511,422.43
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,402,222.71
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 $243,687,844.42
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 4th
day of February 2000.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
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..... 14.5290%
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 1996-1 [Floating Allocation
Percentage, times Yield Collections]..... $24,331,193.41
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.... $786,708,587.00
(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 1996-1 [Floating Allocation
Percentage, times Default Amount].... $1,654,520.69
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 5.9425% $4,390,847.22
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 $1,654,520.69
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $16,105,532.71
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 $788,363,107.69
D. Information Regarding the Series 1996-1 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $4,390,847.22
3. Withdrawal to Class A Certificateholders, if any $4,390,847.22
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 $4,390,847.22
2. Class A interest distributions $4,390,847.22
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 4th
day of February 2000.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
------------------------------------------------------
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..... 4.5881%
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 1996-2 [Floating Allocation
Percentage, times Yield Collections]..... $7,683,534.76
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.... $248,434,290.54
(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].... $522,480.22
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 5.9125% $1,379,583.33
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 $522,480.22
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $5,097,011.75
Page 1
<PAGE>
------------------------------------------------------
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 $248,956,770.76
D. Information Regarding the Series 1996-2 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $1,379,583.33
3. Withdrawal to Class A Certificateholders, if any $1,379,583.33
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
Page 2
<PAGE>
------------------------------------------------------
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 $1,379,583.33
2. Class A interest distributions $1,379,583.33
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
<PAGE>
------------------------------------------------------
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 4th
day of February 2000.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
--------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
------------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1998-1
------------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1998-1 Certificates
A. Information Regarding American Express Master Trust Series
1998-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 14.9700%
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 1998-1 [Floating Allocation
Percentage, times Yield Collections]..... $25,069,734.23
5. The amount of Principal Collections allocable to
Series 1998-1
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $810,588,073.66
(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 1998-1 [Floating Allocation
Percentage, times Default Amount].... $1,704,741.45
B. Information Regarding the Application of Funds on
Deposit in the Collection Account for the
Series 1998-1 Certificates, pursuant to Section 4.08
of the Series Supplement
1. Class A Monthly Interest 5.9000% $4,916,666.67
2. Class B Monthly Interest $293,430.33
3. Investor Monthly Servicing Fee $1,763,668.43
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $1,704,741.45
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $16,391,227.35
Page 1
<PAGE>
------------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1998-1
------------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1998-1 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 1998-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series
deposited to the Series 1998-1 Collection Account
for distribution to Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $812,292,815.11
D. Information Regarding the Series 1998-1 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $4,916,666.67
3. Withdrawal to Class A Certificateholders, if any $4,916,666.67
4. Ending Balance $0.00
E. Information Regarding Series 1998-1 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 1998-1
------------------------------------------------------
F. Information Regarding Series 1998-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $1,000,000,000.00
2. Class B Certificate Balance $58,201,058.00
3. Class A Invested Amount $1,000,000,000.00
4. Class B Invested Amount $58,201,058.00
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 $4,916,666.67
2. Class A interest distributions $4,916,666.67
3. Class A principal distributions $0.00
4. Total Class B distributions $293,430.33
5. Class B interest distributions $293,430.33
6. Class B principal distributions $0.00
H. The Series 1998-1 Factors
1. The Series 1998-1 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 1998-1 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 1998-1
------------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned,
no Early Amortization Event, with respect to the Series 1998-1 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 4th
day of February 2000.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
