================================================================================
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): April 17, 2000
--------------
FIRST USA BANK, NATIONAL ASSOCIATION
(As Successor to BANK ONE, N.A.)
------------------------------------------------------
(Exact name of registrant as specified in its charter)
(As Servicer on behalf of BANC ONE CREDIT CARD MASTER TRUST)
United States
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(State or other jurisdiction of incorporation)
0-25636 51-0269396
------------------------ ------------------------------------
(Commission File Number) (IRS Employer Identification Number)
201 North Walnut Street, Wilmington, Delaware 19801
- --------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(302) 594-4117
--------------------------------------------------
Registrant's telephone number, including area code
================================================================================
<PAGE>
Item 5. Other Events
On April 17, 2000, the Banc One Credit Card Master Trust (the "Trust")
made a regular monthly distribution of principal and/or interest to
holders of the following Certificates issued by the Trust, each of which
is included in Group One and is a Principal Sharing Series:
6.15% Class A Asset Backed Certificates, Series 1995-A
6.30% Class B Asset Backed Certificates, Series 1995-A
6.30% Class A Asset Backed Certificates, Series 1995-B
6.45% Class B Asset Backed Certificates, Series 1995-B
Floating Rate Class A Asset Backed Certificates, Series 1996-A
Floating Rate Class B Asset Backed Certificates, Series 1996-A
Item 7. Financial Statements and Exhibits
(c) Exhibits.
See page 4 for Exhibit Index.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
First USA Bank, N.A., as Servicer, on behalf
of BANC ONE CREDIT CARD MASTER TRUST
By: /s/ Tracie H. Klein
-------------------
Name: Tracie H. Klein
Title: First Vice President
Date: April 17, 2000
--------------
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Description Page
- ------- ----------- ----
<S> <C> <C>
99.1 The Series Allocation Report for the monthly Period ending March 31, 2000. 5-6
99.2 Banc One Credit Card Master Trust - Summary Report for Series 1995-A 7-8
99.3 Banc One Credit Card Master Trust - Summary Report Series 1995-B 9-10
99.4 Banc One Credit Card Master Trust - Summary Report for Series 1996-A 11-12
99.5 Monthly Servicer's Certificates 13-15
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 17-Apr-00 For the Monthly Period Ending: 31-Mar-00 Days in Interest Period (30/360) 30
Determined as of: 11-Apr-00 Monthly Period 65 Days in Interest Period (Act/360) 33
Beginning Total Trust Investor Interest Series 1995-A
- --------------------------------- ------------ ----------------- -------------
<S> <C> <C> <C>
Pool Balance (Principal) 4,064,132,311.96
Finance Charges O/S 153,625,544.37
Excess Funding Account 0.00
Initial Invested Amount 3,860,000,000.00 380,000,000.00
Invested Amount 3,690,000,000.00 380,000,000.00
Class A Invested Amount 357,200,000.00
Class B Invested Amount 22,800,000.00
Principal Funding Account 178,600,000.00 178,600,000.00
Adjusted Invested Amount 3,511,400,000.00 201,400,000.00
Class A Adjusted Invested Amt 178,600,000.00
Class B Adjusted Invested Amt 22,800,000.00
Enhancement Invested Amount 0.00 0.00
Principal Allocation Pct 100.00% 90.79% 9.35%
Principal Collections 483,500,629.46 438,990,954.47 45,207,740.57
Floating Allocation Pct 100.00% 87.86% 6.42%
Finance Charge Collections 77,278,659.48 67,900,579.98 4,961,594.92
Defaulted Amount 25,415,955.93 22,331,626.35 1,631,804.67
Interchange Collections 9,198,179.47 8,081,943.00 590,559.42
Servicer Interchange 3,843,750.00 395,833.33
Shared Principal Collections 366,898,880.43 0.00
<CAPTION>
Ending Total Trust Investor Interest Series 1995-A
- --------------------------------- ------------ ----------------- -------------
<S> <C> <C> <C>
Pool Balance (Principal) 4,010,232,610.78
Finance Charges O/S 149,870,275.57
Excess Funding Account 0.00
Initial Invested Amount 3,860,000,000.00 380,000,000.00
Invested Amount 3,690,000,000.00 380,000,000.00
Class A Invested Amount 357,200,000.00
Class B Invested Amount 22,800,000.00
Principal Funding Account 297,666,666.67 238,133,333.33
Partial Amortization Amount 0.00 0.00
Adjusted Invested Amount 3,392,333,333.33 141,866,666.67
Class A Adjusted Invested Amt 119,066,666.67
Class B Adjusted Invested Amt 22,800,000.00
Enhancement Invested Amount 0.00 0.00
Principal Allocation Pct 100.00% 92.01% 9.48%
Floating Allocation Pct 100.00% 87.56% 5.02%
<CAPTION>
Beginning Series 1995-B Series 1996-A Series 1997-1 Series 1997-2
- --------------------------------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 380,000,000.00 500,000,000.00 1,700,000,000.00 900,000,000.00
Invested Amount 380,000,000.00 500,000,000.00 1,530,000,000.00 900,000,000.00
Class A Invested Amount 357,200,000.00 465,000,000.00 1,530,000,000.00 900,000,000.00
Class B Invested Amount 22,800,000.00 35,000,000.00 0.00 0.00
Principal Funding Account 0.00 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 500,000,000.00 1,530,000,000.00 900,000,000.00
Class A Adjusted Invested Amt 357,200,000.00 465,000,000.00 1,530,000,000.00 900,000,000.00
Class B Adjusted Invested Amt 22,800,000.00 35,000,000.00 0.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 9.35% 12.30% 37.65% 22.14%
Principal Collections 45,207,740.57 59,483,869.17 182,020,639.66 107,070,964.50
Floating Allocation Pct 9.35% 12.30% 37.65% 22.14%
Finance Charge Collections 7,225,623.66 9,507,399.56 29,092,642.64 17,113,319.20
Defaulted Amount 2,376,414.57 3,126,861.28 9,568,195.52 5,628,350.30
Interchange Collections 860,037.99 1,131,628.94 3,462,784.55 2,036,932.09
Servicer Interchange 395,833.33 520,833.33 1,593,750.00 937,500.00
Shared Principal Collections 0.00 62,610,730.45 191,588,835.18 112,699,314.81
<CAPTION>
Ending Series 1995-B Series 1996-A Series 1997-1 Series 1997-2
- --------------------------------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 380,000,000.00 500,000,000.00 1,700,000,000.00 900,000,000.00
Invested Amount 380,000,000.00 500,000,000.00 1,530,000,000.00 900,000,000.00
Class A Invested Amount 357,200,000.00 465,000,000.00 1,530,000,000.00 900,000,000.00
Class B Invested Amount 22,800,000.00 35,000,000.00 0.00 0.00
Principal Funding Account 59,533,333.33 0.00 0.00 0.00
Partial Amortization Amount 0.00 0.00 0.00 0.00
Adjusted Invested Amount 320,466,666.67 500,000,000.00 1,530,000,000.00 900,000,000.00
Class A Adjusted Invested Amt 297,666,666.67 465,000,000.00 1,530,000,000.00 900,000,000.00
Class B Adjusted Invested Amt 22,800,000.00 35,000,000.00 0.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 9.48% 12.47% 38.15% 22.44%
Floating Allocation Pct 9.48% 12.47% 38.15% 22.44%
</TABLE>
* Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to
the balances as of the upcoming Distribution Date. Beginning Floating
Allocation Percentages are based on the Adjusted Invested Amounts as of the
last day of the Monthly Period preceding the current Monthly Period. Ending
Floating Allocation Percentages will be used for next month's allocations.
<PAGE>
<TABLE>
BANK ONE CREDIT MASTER TRUST - SERIES ALLOCATION REPORT
Distribution Date of: 17-Apr-00 For the Monthly Period Ending: 31-Mar-00 Days in Interest Period (30/360) 30
Determined as of: 11-Apr-00 Monthly Period 65 Days in Interest Period (Act/360) 33
<CAPTION>
<S> <C> <C> <C> <C>
Gross Balances of
Minimum Balance Requirement Accounts Delinquent: (%) ($)
- --------------------------- -------------------- ---- ---
Trust Initial Invested Amount 3,860,000,000.00 30 - 59 days 1.73% 72,012,212.55
Trust PFA 178,600,000.00 60 - 89 days 1.26% 52,398,133.75
Ending Portfolio Principal Balance 4,010,232,610.78 90 days + 2.94% 122,254,941.76
Total 30 days + 5.93% 246,665,288.06
Beginning Excess Funding Acct Bal 0.00
Required Excess Funding Account Deposit 0.00
Excess Funding Account Withdrawal 0.00
Gross Credit Losses 8.40% 28,440,078.71
Seller's Participation Amt (w/o EFA) 498,832,610.78 Net Credit Losses 7.50% 25,415,955.93
Required Seller's Interest 200,511,630.54 Discount Option Receivables 0
Required Excess Funding Account Balance 0.00 Discount Percentage 0.00%
Seller's Participation Amount 498,832,610.78 Finance Charge Billed - pool 58,103,193.91
Seller's Interest Percentage 12.44% Fees Billed - pool 9,451,749.39
Interest Earned on Collection Account 2,537,461.86
Fraud Losses reassigned to the Seller 0.00 Required Principal Balance 3,860,000,000.00
EFA + Receivables + PFA 4,188,832,610.78
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-A
Distribution Date of: 17-Apr-00
Determined as of: 11-Apr-00
For the Monthly Period Ending: 31-Mar-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 33
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,064,132,311.96 4,010,232,610.78 (53,899,701.18)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 178,600,000.00 238,133,333.33 59,533,333.33
Adjusted Invested Amount 201,400,000.00 141,866,666.67 (59,533,333.33)
Class A Adjusted Invested Amount 178,600,000.00 119,066,666.67 (59,533,333.33)
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 1,900,000.00 1,900,000.00 0.00
Available Cash Collateral Amount 21,926,000.00 16,568,000.00 (5,358,000.00)
Available Shared Collateral Amount 18,126,000.00 12,768,000.00 (5,358,000.00)
Spread Account 11,400,000.00 11,400,000.00 0.00
Servicing Base Amount 201,400,000.00 141,866,666.67 (59,533,333.33)
Allocation Percentages
- ----------------------
Floating Allocation Pct 6.42%
Principal Allocation Pct 9.35%
Class A Floating Pct 91.26%
Class B Floating Pct 8.74%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
<CAPTION>
Series
Allocations Trust 1995-A Class A Class B
- ----------- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 483,500,629.46 45,207,740.57 42,495,276.13 2,712,464.43
Finance Charge Collections 77,278,659.48 4,961,594.92 4,528,057.50 433,537.42
PFA Investment Proceeds NA 894,174.66 894,174.66 0.00
Reserve Account Draw NA 21,150.34 21,150.34 0.00
------------ ------------ ----------
Available Funds 5,876,919.92 5,443,382.50 433,537.42
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 395,833.33 361,245.95 34,587.38
Monthly Interest 1,950,350.00 1,830,650.00 119,700.00
Monthly Servicing Fee 41,958.33 38,292.07 3,666.26
Defaulted Amounts 25,415,955.93 1,631,804.67 1,489,219.80 142,584.87
------------- ------------- ----------
4,019,946.34 3,719,407.83 300,538.52
Excess Spread 1,999,558.45 1,723,974.67 275,583.78
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 4,824.42
Risk-Free Fee 3,135.00
Interest on CCA Draw 0.00
Monthly Cash Collateral Fee 7,959.42
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 6.95%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 3.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 3.00%
Beginning Cash Collateral Amount 21,926,000.00
Required Cash Collateral Amount 16,568,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 5,358,000.00
Beginning Spread Account Balance 11,400,000.00
Required Spread Account Amount 11,400,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 4
Controlled Accumulation Amount 59,533,333.33
Required PFA Balance 238,133,333.33
Beginning PFA Balance 178,600,000.00
Controlled Deposit Amount 59,533,333.33
Available Investor Principal Collections 46,839,545.24
Principal Shortfall 12,693,788.09
Shared Principal to Other Series 0.00
Shared Principal from Other Series 12,693,788.09
Class A Monthly Principal 59,533,333.33
Class B Monthly Principal 0.00
Monthly Principal 59,533,333.33
PFA Deposit 59,533,333.33
PFA Withdrawal 0.00
Ending PFA Balance 238,133,333.33
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 630,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 67,452,497.06
Class A Accumulation Period Length 6
Reserve Account
- ---------------
Available Reserve Account Amount 1,900,000.00
Covered Amount 915,325.00
Reserve Draw Amount 21,150.34
Portfolio Yield 16.64%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 8.26%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Oct-99
Weighted Average Coupon 6.16%
Required Reserve Account Amount 1,900,000.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 11,602.23
Portfolio Yield - 3 month average 15.94%
Base Rate - 3 month average 7.58%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 8.36%
</TABLE>
* Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to
the balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Adjusted Invested Amount as of the last day of the
Monthly Period preceding the current Monthly Period.
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
Distribution Date of: 17-Apr-00
Determined as of: 11-Apr-00
For the Monthly Period Ending: 31-Mar-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 33
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,064,132,311.96 4,010,232,610.78 (53,899,701.18)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 0.00 59,533,333.33 59,533,333.33
Adjusted Invested Amount 380,000,000.00 320,466,666.67 (59,533,333.33)
Class A Adjusted Invested Amount 357,200,000.00 297,666,666.67 (59,533,333.33)
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 1,900,000.00 1,900,000.00 0.00
Available Cash Collateral Amount 38,000,000.00 32,642,000.00 (5,358,000.00)
Available Shared Collateral Amount 34,200,000.00 28,842,000.00 (5,358,000.00)
Spread Account 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 380,000,000.00 320,466,666.67 (59,533,333.33)
Allocation Percentages
- ----------------------
Floating Allocation Pct 9.35%
Principal Allocation Pct 9.35%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
<CAPTION>
Series
Allocations Trust 1995-B Class A Class B
- ----------- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 483,500,629.46 45,207,740.57 42,495,276.13 2,712,464.43
Finance Charge Collections 77,278,659.48 7,225,623.66 6,792,086.24 433,537.42
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ----------
Available Funds 7,225,623.66 6,792,086.24 433,537.42
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 395,833.33 372,083.33 23,750.00
Monthly Interest 1,997,850.00 1,875,300.00 122,550.00
Monthly Servicing Fee 79,166.67 74,416.67 4,750.00
Defaulted Amounts 25,415,955.93 2,376,414.57 2,233,829.70 142,584.87
------------- ------------- ----------
4,849,264.57 4,555,629.70 293,634.87
Excess Spread 2,518,943.96 2,236,456.54 282,487.42
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 10,815.75
Risk-Free Fee 6,130.67
Interest on CCA Draw or Difference between Loan Interest and Deposit Interest 12,327.23
-------------
Monthly Cash Collateral Fee 29,273.65
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- ------------------------------------
Quarterly Excess Spread Percentage 5.83%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 5.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 5.50%
Beginning Cash Collateral Amount 38,000,000.00
Required Cash Collateral Amount 32,642,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 5,358,000.00
Beginning Spread Account Balance 20,900,000.00
Required Spread Account Amount 20,900,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 1
Controlled Accumulation Amount 59,533,333.33
Required PFA Balance 59,533,333.33
Beginning PFA Balance 0.00
Controlled Deposit Amount 59,533,333.33
Available Investor Principal Collections 47,584,155.14
Principal Shortfall 11,949,178.19
Shared Principal to Other Series 0.00
Shared Principal from Other Series 11,949,178.19
Class A Monthly Principal 59,533,333.33
Class B Monthly Principal 0.00
Monthly Principal 59,533,333.33
PFA Deposit 59,533,333.33
PFA Withdrawal 0.00
Ending PFA Balance 59,533,333.33
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 630,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 67,452,497.06
Class A Accumulation Period Length 6
Reserve Account
- ---------------
Available Reserve Account Amount 1,900,000.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 15.91%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 7.05%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Jan-00
Weighted Average Coupon 6.31%
Required Reserve Account Amount 1,900,000.00
Reserve Account Surplus 9,548.11
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 14.96%
Base Rate - 3 month average 7.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.15%
</TABLE>
* Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to
the balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Adjusted Invested Amount as of the last day of the
Monthly Period preceding the current Monthly Period.
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
Distribution Date of: 17-Apr-00
Determined as of: 11-Apr-00
For the Monthly Period Ending: 31-Mar-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 33
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,064,132,311.96 4,010,232,610.78 (53,899,701.18)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Invested Amount 35,000,000.00 35,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Adjusted Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Adjusted Invested Amount 35,000,000.00 35,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 50,000,000.00 50,000,000.00 0.00
Available Shared Collateral Amount 50,000,000.00 50,000,000.00 0.00
Spread Account 5,000,000.00 5,000,000.00 0.00
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 12.30%
Principal Allocation Pct 12.30%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
<CAPTION>
Series
Allocations Trust 1996-A Class A Class B
- ----------- -------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 483,500,629.46 59,483,869.17 55,319,998.33 4,163,870.84
Finance Charge Collections 77,278,659.48 9,507,399.56 8,841,881.59 665,517.97
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------ ----------
Available Funds 9,507,399.56 8,841,881.59 665,517.97
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,856,562.50 2,652,873.44 203,689.06
Monthly Servicing Fee 104,166.67 96,875.00 7,291.67
Defaulted Amounts 25,415,955.93 3,126,861.28 2,907,980.99 218,880.29
------------- ------------- ----------
6,608,423.78 6,142,104.43 466,319.35
Excess Spread 3,117,856.07 2,699,777.16 418,078.91
Required Amount 0.00 0.00 0.00
1 Month Libor Rate 6.003750%
- ------------------
Cash Collateral Account
Cash Collateral Fee 28,645.83
Interest on CCA Draw 0.00
Total 28,645.83
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 6.06%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 1.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 1.00%
Beginning Cash Collateral Amount 50,000,000.00
Required Cash Collateral Amount 50,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 5,000,000.00
Required Spread Account Amount 5,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 51,666,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 62,610,730.45
Principal Shortfall 0.00
Shared Principal to Other Series 62,610,730.45
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 465,000,000.00
Ending Class B Invested Amount 35,000,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 500,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 53,533,727.83
Class A Accumulation Period Length 9
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 15.91%
Reserve Account Factor 75.00%
Portfolio Adjusted Yield 7.23%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-02
Weighted Average Coupon 6.86%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 14.96%
Base Rate - 3 month average 7.63%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.33%
</TABLE>
* Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to
the balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Adjusted Invested Amount as of the last day of the
Monthly Period preceding the current Monthly Period.
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
FIRST USA BANK, N.A.
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1995-A
The undersigned, a duly authorized representative of First USA Bank
N.A., as Servicer ("First USA"), pursuant to the Pooling and Servicing Agreement
dated as of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1995-A Supplement (as amended and supplemented, the
"Series Supplement"), between First USA, as Seller and Servicer, and Bankers
Trust Company, as Trustee, does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. First USA is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
17-Apr-00.
5. As of the date hereof, to the best knowledge of the undersigned,
the Servicer has performed in all material respects all its obligations
under the Agreement through the Monthly Period preceding such Distribution
Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default.].
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other pursuant to the
Agreement.
[or, if there is a Lien, such Lien consists of ]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 11th day of Apr-00
First USA Bank, N.A.
as Servicer
By: /s/ Tracie Klein
---------------------------------------
Name: Tracie Klein
Title: First Vice President
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
FIRST USA BANK, N.A.
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1995-B
The undersigned, a duly authorized representative of First USA Bank
N.A., as Servicer ("First USA"), pursuant to the Pooling and Servicing Agreement
dated as of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1995-B Supplement (as amended and supplemented, the
"Series Supplement"), between First USA, as Seller and Servicer, and Bankers
Trust Company, as Trustee, does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. First USA is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
17-Apr-00.
5. As of the date hereof, to the best knowledge of the undersigned,
the Servicer has performed in all material respects all its obligations
under the Agreement through the Monthly Period preceding such Distribution
Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default.].
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other pursuant to the
Agreement.
[or, if there is a Lien, such Lien consists of ]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 11th day of Apr-00
FIRST USA BANK, N.A.
as Servicer
By: /s/ Tracie Klein
---------------------------------------
Name: Tracie Klein
Title: First Vice President
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
FIRST USA BANK, N.A.
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1996-A
The undersigned, a duly authorized representative of First USA Bank,
NA, as Servicer ("First USA"), pursuant to the Pooling and Servicing Agreement
dated as of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1996-A Supplement dated as of March 27, 1996 (as
amended and supplemented, the "Series Supplement"), between First USA, as Seller
and Servicer, and Bankers Trust Company, as Trustee, does hereby certify as
follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. First USA is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
17-Apr-00.
5. As of the date hereof, to the best knowledge of the undersigned,
the Servicer has performed in all material respects all its obligations
under the Agreement through the Monthly Period preceding such Distribution
Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default; if applicable].
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to the
Agreement.
[or, if there is a Lien, such Lien consists of ]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 11th day of Apr-00
FIRST USA BANK, N.A.
as Servicer
By: /s/ Tracie Klein
---------------------------------------
Name: Tracie Klein
Title: First Vice President
