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Previous: CC MASTER CREDIT CARD TRUST, 8-K, EX-99.03, 2000-07-17 |
Next: LENNAR CORP /NEW/, 10-Q, 2000-07-17 |
<PAGE>
EXHIBIT 99.04
06/00 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1995-1
<TABLE>
<CAPTION>
RECEIVABLES
<S> <C> <C>
Beginning of the Month Principal Receivables: $ 1,089,754,167.03
Beginning of the Month Finance Charge Receivables: $ 55,569,062.66
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 1,145,323,229.69
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 0.00
Additional Finance Charge Receivables: $ 0.00
Additional Total Receivables: $ 0.00
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 1,074,556,876.40
End of the Month Finance Charge Receivables: $ 55,032,607.35
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 1,129,589,483.75
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 135,875,000.00
End of the Month Seller Amount $ 938,681,876.40
End of the Month Seller Percentage 87.36%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 22,173,695.93
60-89 Days Delinquent $ 16,136,058.76
90+ Days Delinquent $ 30,954,185.49
</TABLE>
<PAGE>
06/00 Page 2
<TABLE>
<S> <C> <C>
Total 30+ Days Delinquent $ 69,263,940.18
Delinquent Percentage 6.13%
Defaulted Accounts During the Month $ 7,490,775.46
Annualized Default Percentage 8.25%
Principal Collections 135,967,354.71
Principal Payment Rate 12.48%
Total Payment Rate 13.43%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 273,750,000.00
Class B Initial Invested Amount $ 26,250,000.00
INITIAL INVESTED AMOUNT $ 300,000,000.00
Class A Invested Amount $ 91,250,000.00
Class B Invested Amount $ 30,625,000.00
INVESTED AMOUNT $ 121,875,000.00
FLOATING ALLOCATION PERCENTAGE 13.28%
PRINCIPAL ALLOCATION PERCENTAGE 32.12%
MONTHLY SERVICING FEE $ 152,343.75
INVESTOR DEFAULT AMOUNT $ 994,557.75
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 78.83%
Class A Finance Charge Collections $ 2,001,351.70
Other Amounts $ 0.00
</TABLE>
<PAGE>
06/00 Page 3
<TABLE>
<S> <C> <C>
TOTAL CLASS A AVAILABLE FUNDS $ 2,001,351.70
Class A Monthly Interest $ 555,712.50
Class A Servicing Fee $ 114,062.50
Class A Investor Default Amount $ 784,046.67
TOTAL CLASS A EXCESS SPREAD $ 547,530.03
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 21.17%
Class B Finance Charge Collections $ 541,432.32
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 541,432.32
Class B Monthly Interest $ 190,589.58
Class B Servicing Fee $ 38,281.25
TOTAL CLASS B EXCESS SPREAD $ 312,561.49
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 860,091.52
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 210,511.08
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
</TABLE>
<PAGE>
06/00 Page 4
<TABLE>
<S> <C> <C>
Excess Spread Applied to Monthly Cash $ 3,940.97
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 645,639.47
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 0.00
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 187,726.48
SERIES 1995-1 EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 187,726.48
SERIES 1995-1
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
Excess Finance Charge Collections Applied to $ 187,726.48
other amounts owed Cash Collateral Depositor
</TABLE>
<PAGE>
06/00 Page 5
<TABLE>
<S> <C> <C>
YIELD AND BASE RATE --
Base Rate (Current Month) 7.80%
Base Rate (Prior Month) 7.83%
Base Rate (Two Months Ago) 7.60%
THREE MONTH AVERAGE BASE RATE 7.74%
Portfolio Yield (Current Month) 14.40%
Portfolio Yield (Prior Month) 10.05%
Portfolio Yield (Two Months Ago) 11.78%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.08%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 91.25%
Class A Principal Collections $ 39,848,001.90
CLASS B PRINCIPAL PERCENTAGE 8.75%
Class B Principal Collections $ 3,821,041.29
TOTAL PRINCIPAL COLLECTIONS $ 43,669,043.19
INVESTOR DEFAULT AMOUNT $ 994,557.75
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 22,812,500.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 22,812,500.00
</TABLE>
<PAGE>
06/00 Page 6
<TABLE>
<S> <C> <C>
CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 21,851,100.94
SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 12,878,125.00
Available Cash Collateral Amount $ 12,878,125.00
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Payments $ 0.00
Class B Interest Rate Cap Payments $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
</TABLE>
First USA Bank, National Association,
as Servicer
By: /s/ Tracie Klein
-------------------------------
Tracie H. Klein
First Vice President
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