Exhibit 20.1
MONTHLY SERVICER'S CERTIFICATE
RETAILERS NATIONAL BANK
TARGET CREDIT CARD MASTER TRUST
SERIES 1997-1
The undersigned, a duly authorized representative of Retailers National Bank, as Servicer ("RNB") pursuant to the Pooling and Servicing Agreement dated as of September 13, 1995 (as may be
amended, from time to time, the "Agreement") as supplemented by the Series 1997-1 Supplement (as amended and supplemented, the "Series Supplement"), among RNB, Target Receivables
Corporation and Wells Fargo Bank Minnesota, National Association, does hereby certify as follows:
- 1.
- Capitalized
terms used in this Certificate have their respective meanings as set forth in the Agreement or the Series Supplement, as
applicable.
- 2.
- RNB
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 December 26, 2000.
- 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.
- 6.
- As
of the date hereof, to the best knowledge of the undersigned, no Early Amortization Event occurred on or prior to such Distribution Date.
- 7.
- The
aggregate amount of Collections processed for the preceding Monthly Period was equal to $458,241,477.21.
- 8.
- The
aggregate amount of Collections of Finance Charge Receivables (including Discounted Receivables) for the preceding Monthly Period was equal to
$55,235,714.72.
- 9.
- The
aggregate amount of Collections of Principal Receivables for the preceding Monthly Period was equal to $403,005,762.49.
- 10.
- The
aggregate amount of the Defaulted Amount for the preceding Monthly Period was equal to $14,344,501.81.
- 11.
- The
aggregate amount of Recoveries for the preceding Monthly Period was equal to $3,436,854.43.
- 12.
- The
Portfolio Yield for the preceding Monthly Period was equal to 21.18%.
- 13.
- The
Base Rate for the preceding Monthly Period was equal to 6.78%.
- 14.
- The
aggregate amount of Receivables as of the end of the last day of the preceding Monthly Period was equal to $2,720,432,398.60.
- 15.
- The
balance on deposit in the Collection Account with respect to Collections processed as of the end of the last day of the preceding Monthly Period
was equal to $0.00.
- 16.
- The
aggregate amount of Adjustments for the preceding Monthly Period was equal to $53,319,679.27.
- 17.
- The
aggregate amount of withdrawals, drawings or payments under any Enhancement to be made with respect to the preceding Monthly Period is equal to
$0.00.
- 18.
- The
total amount to be distributed to Investor Certificateholders on the Distribution Date is equal to $2,083,333.34.
- 19.
- The
amount to be distributed to Investor Certificateholders on the Distribution Date per $1,000 original principal amount is equal to:
Class A 5.208
- 20.
- The
amount of such distribution allocable to principal is equal to $0.00.
- 21.
- The
amount of such distribution allocable to principal per $1,000 original principal amount is equal to:
Class A 0.000
- 22.
- The
amount of such distribution allocable to interest is equal to $2,083,333.34.
- 23.
- The
amount of such distribution allocable to interest per $1,000 original principal amount is equal to:
Class A 5.208
IN
WITNESS WHEREOF, the undersigned has duly executed and delivered this Servicer's Certificate this 20th day of December, 2000.
RETAILERS NATIONAL BANK, |
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as servicer |
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By: /s/ Thomas A. Swanson
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Name: Thomas A. Swanson |
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Title: Vice President & Cashier |
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