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Previous: CC MASTER CREDIT CARD TRUST, 8-K, EX-99.01, 2000-08-16 |
Next: RAQUEL INC, NT 10-Q, 2000-08-16 |
<PAGE>
EXHIBIT 99.02
07/00 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1995-1
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<S> <C>
RECEIVABLES
Beginning of the Month Principal Receivables: $ 1,074,556,876.40
Beginning of the Month Finance Charge Receivables: $ 55,032,607.35
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 1,129,589,483.75
Removed Principal Receivables: $ 467,477,540.49
Removed Finance Charge Receivables: $ 26,850,774.07
Removed Total Receivables: $ 494,328,314.56
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: $ 598,161,768.38
End of the Month Finance Charge Receivables: $ 30,954,886.43
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 629,116,654.81
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 99,062,500.00
End of the Month Seller Amount $ 499,099,268.38
End of the Month Seller Percentage 83.44%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 12,013,005.66
60-89 Days Delinquent $ 8,606,752.81
90+ Days Delinquent $ 17,699,980.68
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07/00 Page 2
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Total 30+ Days Delinquent $ 38,319,739.15
Delinquent Percentage 6.09%
Defaulted Accounts During the Month $ 7,142,666.89
Annualized Default Percentage 7.98%
Principal Collections 115,873,424.71
Principal Payment Rate 10.78%
Total Payment Rate 11.67%
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 $ 68,437,500.00
Class B Invested Amount $ 30,625,000.00
INVESTED AMOUNT $ 99,062,500.00
FLOATING ALLOCATION PERCENTAGE 12.50%
PRINCIPAL ALLOCATION PERCENTAGE 35.91%
MONTHLY SERVICING FEE $ 123,828.13
INVESTOR DEFAULT AMOUNT $ 893,133.36
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 74.87%
Class A Finance Charge Collections $ 1,573,757.55
Other Amounts $ 0.00
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07/00 Page 3
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TOTAL CLASS A AVAILABLE FUNDS $ 1,573,757.55
Class A Monthly Interest $ 376,332.58
Class A Servicing Fee $ 85,546.88
Class A Investor Default Amount $ 668,705.02
TOTAL CLASS A EXCESS SPREAD $ 443,173.07
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 25.13%
Class B Finance Charge Collections $ 532,809.57
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 532,809.57
Class B Monthly Interest $ 172,105.06
Class B Servicing Fee $ 38,281.25
TOTAL CLASS B EXCESS SPREAD $ 322,423.26
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 765,596.33
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 $ 224,428.34
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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07/00 Page 4
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Excess Spread Applied to Monthly Cash $ 1,855.00
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 223,668.85
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 315,644.14
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 315,644.14
SERIES 1995-1 EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
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 $ 0.00
other amounts owed Cash Collateral Depositor
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07/00 Page 5
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YIELD AND BASE RATE --
Base Rate (Current Month) 7.59%
Base Rate (Prior Month) 7.80%
Base Rate (Two Months Ago) 7.83%
THREE MONTH AVERAGE BASE RATE 7.74%
Portfolio Yield (Current Month) 11.95%
Portfolio Yield (Prior Month) 14.40%
Portfolio Yield (Two Months Ago) 10.05%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.13%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 91.25%
Class A Principal Collections $ 37,140,144.46
CLASS B PRINCIPAL PERCENTAGE 8.75%
Class B Principal Collections $ 3,561,383.71
TOTAL PRINCIPAL COLLECTIONS $ 40,701,528.17
INVESTOR DEFAULT AMOUNT $ 893,133.36
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
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07/00 Page 6
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CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR $ 18,782,161.53
PRINCIPAL 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 $ 9,912,500.00
Available Cash Collateral Amount $ 9,912,500.00
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 H. Klein
---------------------------------
Tracie H. Klein
First Vice President
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