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Previous: IXATA GROUP INC, 10QSB, 2000-03-15 |
Next: BANC ONE CREDIT CARD MASTER TRUST, 8-K/A, 2000-03-15 |
================================================================================
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): March 15, 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
----------------------------------------------------
(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 March 15, 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
Asset Backed Certificates, Series 1997-1
Asset Backed Certificates, Series 1997-2
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: March 15, 2000
--------------
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Description Page
- ------- ----------- ----
<S> <C> <C>
99.1 The Series Allocation Report for the monthly Period ending
February 29, 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 for 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>
Exhibit 99.1
<TABLE>
<CAPTION>
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
Distribution Date of: 15-Mar-00 For the Monthly Period Ending: 29-Feb-00 Days in Interest Period (30/360) 30
Determined as of: 9-Mar-00 Monthly Period 64 Days in Interest Period (Act/360) 29
Beginning Total Trust Investor Interest Series 1995-A Series 1995-B Series 1996-A
- ----------------------------- ---------------- ----------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal) 4,134,989,349.14
Finance Charges O/S 158,242,981.27
Excess Funding Account 0.00
Initial Invested Amount 3,860,000,000.00 380,000,000.00 380,000,000.00 500,000,000.00
Invested Amount 3,690,000,000.00 380,000,000.00 380,000,000.00 500,000,000.00
Class A Invested Amount 357,200,000.00 357,200,000.00 465,000,000.00
Class B Invested Amount 22,800,000.00 22,800,000.00 35,000,000.00
Principal Funding Account 119,066,666.67 119,066,666.67 0.00 0.00
Adjusted Invested Amount 3,570,933,333.33 260,933,333.33 380,000,000.00 500,000,000.00
Class A Adjusted Invested Amt 238,133,333.33 357,200,000.00 465,000,000.00
Class B Adjusted Invested Amt 22,800,000.00 22,800,000.00 35,000,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 93.35% 9.19% 9.19% 12.09%
Principal Collections 456,467,485.57 426,111,011.55 41,948,752.43 41,948,752.43 55,195,726.88
Floating Allocation Pct 100.00% 91.91% 7.75% 9.19% 12.09%
Finance Charge Collections 75,092,671.87 69,017,637.60 5,819,772.73 6,900,916.28 9,080,153.00
Defaulted Amount 29,277,249.96 26,908,705.97 2,269,022.22 2,690,540.18 3,540,184.45
Interchange Collections 8,014,350.95 7,365,986.00 621,121.87 736,508.15 969,089.67
Servicer Interchange 3,929,238.51 395,833.33 395,833.33 520,833.33
Shared Principal Collections 408,801,942.86 0.00 44,639,292.61 58,735,911.33
<CAPTION>
Ending Total Trust Investor Interest Series 1995-A Series 1995-B Series 1996-A
- ----------------------------- ---------------- ----------------- -------------- -------------- --------------
<S> <C> <C> <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 3,860,000,000.00 380,000,000.00 380,000,000.00 500,000,000.00
Invested Amount 3,690,000,000.00 380,000,000.00 380,000,000.00 500,000,000.00
Class A Invested Amount 357,200,000.00 357,200,000.00 465,000,000.00
Class B Invested Amount 22,800,000.00 22,800,000.00 35,000,000.00
Principal Funding Account 178,600,000.00 178,600,000.00 0.00 0.00
Partial Amortization Amount 0.00 0.00 0.00 0.00
Adjusted Invested Amount 3,511,400,000.00 201,400,000.00 380,000,000.00 500,000,000.00
Class A Adjusted Invested Amt 178,600,000.00 357,200,000.00 465,000,000.00
Class B Adjusted Invested Amt 22,800,000.00 22,800,000.00 35,000,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 90.79% 9.35% 9.35% 12.30%
Floating Allocation Pct 100.00% 87.86% 6.42% 9.35% 12.30%
<CAPTION>
Beginning Series 1997-1 Series 1997-2
- ----------------------------- -------------- --------------
<S> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 1,700,000,000.00 900,000,000.00
Invested Amount 1,530,000,000.00 900,000,000.00
Class A Invested Amount 1,530,000,000.00 900,000,000.00
Class B Invested Amount 0.00 0.00
Principal Funding Account 0.00 0.00
Adjusted Invested Amount 1,530,000,000.00 900,000,000.00
Class A Adjusted Invested Amt 1,530,000,000.00 900,000,000.00
Class B Adjusted Invested Amt 0.00 0.00
Enhancement Invested Amount 0.00 0.00
Principal Allocation Pct 41.11% 21.77%
Principal Collections 187,665,471.41 99,352,308.39
Floating Allocation Pct 41.11% 21.77%
Finance Charge Collections 30,872,520.19 16,344,275.40
Defaulted Amount 12,036,627.12 6,372,332.00
Interchange Collections 3,294,904.89 1,744,361.41
Servicer Interchange 1,679,238.51 937,500.00
Shared Principal Collections 199,702,098.52 105,724,640.40
<CAPTION>
Ending Series 1997-1 Series 1997-2
- ----------------------------- -------------- --------------
<S> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 1,700,000,000.00 900,000,000.00
Invested Amount 1,530,000,000.00 900,000,000.00
Class A Invested Amount 1,530,000,000.00 900,000,000.00
Class B Invested Amount 0.00 0.00
Principal Funding Account 0.00 0.00
Partial Amortization Amount 0.00 0.00
Adjusted Invested Amount 1,530,000,000.00 900,000,000.00
Class A Adjusted Invested Amt 1,530,000,000.00 900,000,000.00
Class B Adjusted Invested Amt 0.00 0.00
Enhancement Invested Amount 0.00 0.00
Principal Allocation Pct 37.65% 22.14%
Floating Allocation Pct 37.65% 22.14%
</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>
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 15-Mar-00 For the Monthly Period Ending: 29-Feb-00 Days in Interest Period (30/360) 30
Determined as of: 9-Mar-00 Monthly Period 64 Days in Interest Period (Act/360) 29
Gross Balances of
Minimum Balance Requirement Accounts Delinquent: (%) ($)
- --------------------------- --------------------- -------- --------------
<S> <C> <C> <C> <C>
Trust Initial Invested Amount 3,860,000,000.00 30 - 59 days 1.91% 80,731,937.50
Trust PFA 119,066,666.67 60 - 89 days 1.36% 57,407,453.71
Ending Portfolio Principal Balance 4,064,132,311.96 90 days + 3.17% 133,868,306.39
Total 30 days + 6.45% 272,007,697.60
Beginning Excess Funding Acct Bal 0.00
Required Excess Funding Account Deposit 0.00
Excess Funding Account Withdrawal 0.00
Gross Credit Losses 8.78% 30,251,003.98
Seller's Participation Amt (w/o EFA) 493,198,978.63 Net Credit Losses 8.50% 29,277,249.96
Required Seller's Interest 203,206,615.60 Discount Option Receivables 0
Required Excess Funding Account Balance 0.00 Discount Percentage 0.00%
Seller's Participation Amount 493,198,978.63 Finance Charge Billed - pool 56,522,960.07
Seller's Interest Percentage 12.14% Fees Billed - pool 9,795,104.37
Interest Earned on Collection Account 2,511,631.23
Fraud Losses reassigned to the Seller 0.00 Required Principal Balance 3,860,000,000.00
EFA + Receivables + PFA 4,183,198,978.63
</TABLE>
Exhibit 99.2
<TABLE>
<CAPTION>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-A
Distribution Date of: 15-Mar-00
Determined as of: 9-Mar-00
For the Monthly Period Ending: 29-Feb-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C> <C>
Pool Balance (Principal) 4,134,989,349.14 4,064,132,311.96 (70,857,037.18)
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 119,066,666.67 178,600,000.00 59,533,333.33
Adjusted Invested Amount 260,933,333.33 201,400,000.00 (59,533,333.33)
Class A Adjusted Invested Amount 238,133,333.33 178,600,000.00 (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 27,284,000.00 21,926,000.00 (5,358,000.00)
Available Shared Collateral Amount 23,484,000.00 18,126,000.00 (5,358,000.00)
Spread Account 11,400,000.00 11,400,000.00 0.00
Servicing Base Amount 260,933,333.33 201,400,000.00 (59,533,333.33)
Allocation Percentages
- ----------------------
Floating Allocation Pct 7.75%
Principal Allocation Pct 9.19%
Class A Floating Pct 92.89%
Class B Floating Pct 7.11%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-A Class A Class B
- ----------- --------------------------------------------------------------------------------
Principal Collections 456,467,485.57 41,948,752.43 39,431,827.29 2,516,925.15
Finance Charge Collections 75,092,671.87 5,819,772.73 5,405,717.75 414,054.98
PFA Investment Proceeds NA 303,887.66 303,887.66 0.00
Reserve Account Draw NA 306,329.01 306,329.01 0.00
------------ ------------ ----------
Available Funds 6,429,989.40 6,015,934.42 414,054.98
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 395,833.33 367,671.28 28,162.06
Monthly Interest 1,950,350.00 1,830,650.00 119,700.00
Monthly Servicing Fee 54,361.11 50,493.52 3,867.59
Defaulted Amounts 29,277,249.96 2,269,022.22 2,107,589.81 161,432.41
------------ ------------ ----------
4,669,566.66 4,356,404.61 313,162.06
Excess Spread 1,921,855.14 1,659,529.81 262,325.33
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 6,397.72
Risk-Free Fee 2,755.00
Interest on CCA Draw 0.00
Monthly Cash Collateral Fee 9,152.72
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
Cash Collateral Account (continued)
- ------------------------------------
Quarterly Excess Spread Percentage 6.56%
Principal Payment Rate Calculation 11.49%
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 27,284,000.00
Required Cash Collateral Amount 21,926,000.00
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 3
Controlled Accumulation Amount 59,533,333.33
Required PFA Balance 178,600,000.00
Beginning PFA Balance 119,066,666.67
Controlled Deposit Amount 59,533,333.33
Available Investor Principal Collections 44,217,774.65
Principal Shortfall 15,315,558.68
Shared Principal to Other Series 0.00
Shared Principal from Other Series 15,315,558.68
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 178,600,000.00
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 610,216.67
Reserve Draw Amount 306,329.01
Portfolio Yield 14.53%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 8.16%
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 297,534.91
Portfolio Yield - 3 month average 15.88%
Base Rate - 3 month average 7.62%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 8.26%
</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.
Exhibit 99.3
<TABLE>
<CAPTION>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
Distribution Date of: 15-Mar-00
Determined as of: 9-Mar-00
For the Monthly Period Ending: 29-Feb-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C> <C>
Pool Balance (Principal) 4,134,989,349.14 4,064,132,311.96 (70,857,037.18)
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 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Adjusted Invested Amount 357,200,000.00 357,200,000.00 0.00
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 38,000,000.00 0.00
Available Shared Collateral Amount 34,200,000.00 34,200,000.00 0.00
Spread Account 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 9.19%
Principal Allocation Pct 9.19%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-B Class A Class B
- ----------- --------------------------------------------------------------------------------
Principal Collections 456,467,485.57 41,948,752.43 39,431,827.29 2,516,925.15
Finance Charge Collections 75,092,671.87 6,900,916.28 6,486,861.30 414,054.98
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------ ------------ ----------
Available Funds 6,900,916.28 6,486,861.30 414,054.98
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 29,277,249.96 2,690,540.18 2,529,107.77 161,432.41
------------ ------------ ----------
5,163,390.18 4,850,907.77 312,482.41
Excess Spread 1,898,958.51 1,635,953.53 263,004.98
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 9,504.75
Risk-Free Fee 5,387.56
Interest on CCA Draw or Difference between Loan Interest and Deposit Interest 0.00
---------
Monthly Cash Collateral Fee 14,892.31
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Cash Collateral Account (continued)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 5.75%
Principal Payment Rate Calculation 11.49%
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 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
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 0
Controlled Accumulation Amount 59,533,333.33
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 44,639,292.61
Principal Shortfall 0.00
Shared Principal to Other Series 44,639,292.61
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 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 13.80%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 7.23%
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 8,794.10
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 15.14%
Base Rate - 3 month average 7.81%
(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.
Exhibit 99.4
<TABLE>
<CAPTION>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
Distribution Date of: 15-Mar-00
Determined as of: 9-Mar-00
For the Monthly Period Ending: 29-Feb-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C> <C>
Pool Balance (Principal) 4,134,989,349.14 4,064,132,311.96 (70,857,037.18)
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 12.09%
Principal Allocation Pct 12.09%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
Series
Allocations Trust 1996-A Class A Class B
- ----------- ---------------------------------------------------------------------------------
Principal Collections 456,467,485.57 55,195,726.88 51,332,026.00 3,863,700.88
Finance Charge Collections 75,092,671.87 9,080,153.00 8,444,542.29 635,610.71
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- -----------
Available Funds 9,080,153.00 8,444,542.29 635,610.71
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,462,482.64 2,286,831.25 175,651.39
Monthly Servicing Fee 104,166.67 96,875.00 7,291.67
Defaulted Amounts 29,277,249.96 3,540,184.45 3,292,371.54 247,812.91
------------- ------------- -----------
6,627,667.09 6,160,452.79 467,214.30
Excess Spread 2,700,298.82 2,284,089.50 416,209.32
Required Amount 0.00 0.00 0.00
1 Month Libor Rate 5.885000%
- ------------------
Cash Collateral Account
- -----------------------
Cash Collateral Fee 25,173.61
Interest on CCA Draw 0.00
Total 25,173.61
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Cash Collateral Account (continued)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 5.72%
Principal Payment Rate Calculation 11.49%
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 58,735,911.33
Principal Shortfall 0.00
Shared Principal to Other Series 58,735,911.33
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 13.80%
Reserve Account Factor 75.00%
Portfolio Adjusted Yield 7.16%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-02
Weighted Average Coupon 5.91%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 15.14%
Base Rate - 3 month average 7.88%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.26%
</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.
Exhibit 99.5
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
15-Mar-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 9th day of Mar-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
15-Mar-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 9th day of Mar-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
15-Mar-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 9th day of Mar-00
FIRST USA BANK, N.A.
as Servicer
By: /s/ Tracie Klein
---------------------------------------------
Name: Tracie Klein
Title: First Vice President
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