Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
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American Express Master Trust
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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 January
16 and the related Due Period from November 27, through December 27,
2000.
A. Information Regarding the American Express Master Trust
1. Trust Principal Component as of the
end of the preceding Due Period..... $6,753,331,979.63
2. Aggregate Invested Amounts as of the
end of the preceding Due Period..... $3,044,473,043.00
3. Transferor Amount as of the
end of the preceding Due Period..... $3,708,858,936.63
4.(a) Transferor Percentage as of the
end of the second preceding Due Period..... 46.7163%
4.(b) Transferor Percentage as of the
end of the preceding Due Period..... 54.9189%
5. Aggregate Excess Principal Collections for
the preceding Due Period..... $2,431,677,184.30
6. Aggregate Principal Shortfalls for
the preceding Due Period..... $0.00
Page 1
<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.......... $5,890,419,054.95
(b) the end of the preceding Due Period was
equal to.......... $6,962,197,917.15
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 $5,621,822,165.34
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.......... $4,694,199,335.76
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.......... $4,553,373,355.69
6. The aggregate amount of Yield Collections
for the preceding Due Period
was equal to.......... $140,825,980.07
7. Gross Losses
[The aggregate amount of Receivables for all Accounts
which became Defaulted Accounts during the
preceding Due Period] was equal to.......... $14,835,567.01
8. The aggregate amount of Recoveries
for the preceding Due Period
was equal to.......... $4,247,760.19
9.(a) Net Losses [Gross Losses, less Recoveries]
for the preceding Due Period
was equal to.......... $10,587,806.82
9.(b) The Default Amount [Net Losses, times
(1 minus the Yield Factor)]
for the preceding Due Period
was equal to.......... $10,270,172.62
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 $78,909,946.10
(b) 60-89 Days $30,566,870.55
(c) 90-119 Days $20,052,781.24
(d) 120 days or more $57,270,993.64
Total $186,800,591.53
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..... $5,780,813,764.97
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]..... 2.4361%
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]...... 0.2566%
4. Recovery rate [Recoveries, divided by
the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 0.0735%
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]...... 0.1832%
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]..... 2.2529%
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]..... 83.4996%
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 9.2735%
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 1.2634%
(b) 60-89 Days 0.4894%
(c) 90-119 Days 0.3211%
(d) 120 or More Days 0.9170%
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......... $15,881,657.00
2. Privileged Assets Applied Dilution Factor for the
second preceding Due Period......... 34.82223%
3. Privileged Assets Calculated Amount for the
preceding Due Period... $5,364,437.00
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)....... $6,747,967,543.00
5. Minimum Trust Principal Component........ $3,274,000,000.00
6. Transferor Amount(reduced by the Privileged
Assets Calculated Amount for the preceding
Due Period)as of the end of the preceding
Due Period...... $3,703,494,500.00
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]. 54.88%
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]........... 0.2354%
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. 89.65387%
13. Trust Average Monthly Payment Rate for the preceding
Due Period. 79.0134%
14. 110% of Item 13......... 86.9147%
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 8th day of January, 2001.
American Express
Travel Related Services
Company, Inc.
Servicer,
By: /s/ Lawrence Fazzari
------------------------
Name: Lawrence Fazzari
Title: Vice President
Business Results
Page 5
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
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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..... 5.5561%
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]..... $7,824,458.67
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.... $252,990,830.32
(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].... $570,622.98
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 $570,622.98
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,711,970.61
Page 1
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
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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 $253,561,453.30
D. Information Regarding the Series 1994-2 Class A
Interest Funding Account
1. Beginning Balance $5,700,000.00
2. Deposit from Collection Account $1,900,000.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $7,600,000.00
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
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
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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>
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
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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
8th day of January 2001.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
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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..... 5.5561%
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]..... $7,824,458.67
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.... $252,990,830.32
(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].... $570,622.98
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 $570,622.98
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,646,560.56
Page 1
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
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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 $253,561,453.30
D. Information Regarding the Series 1994-3 Class A
Interest Funding Account
1. Beginning Balance $5,887,500.00
2. Deposit from Collection Account $1,962,500.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $7,850,000.00
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
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
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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>
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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
8th day of January 2001.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
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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..... 17.9748%
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]..... $25,313,181.21
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.... $818,459,525.81
(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].... $1,846,042.48
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 6.8600% $5,792,888.89
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 $1,846,042.48
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $15,493,957.05
Page 1
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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 $820,305,568.29
D. Information Regarding the Series 1996-1 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $5,792,888.89
3. Withdrawal to Class A Certificateholders, if any $5,792,888.89
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
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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 $5,792,888.89
2. Class A interest distributions $5,792,888.89
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>
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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
8th day of January 2001.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
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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..... 5.6763%
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]..... $7,993,636.16
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.... $258,460,902.46
(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].... $582,960.78
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 6.8300% $1,821,333.33
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 $582,960.78
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,904,882.59
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 $259,043,863.24
D. Information Regarding the Series 1996-2 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $1,821,333.33
3. Withdrawal to Class A Certificateholders, if any $1,821,333.33
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 $1,821,333.33
2. Class A interest distributions $1,821,333.33
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
8th day of January 2001.
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..... 18.5204%
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]..... $26,081,528.95
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.... $843,302,769.55
(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].... $1,902,076.62
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 $1,902,076.62
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $17,205,686.90
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 $845,204,846.17
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
8th day of January 2001.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
