MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES | | |
|
| Beginning of the Month Principal Receivables: | | $2,600,198,200.61 |
| Beginning of the Month Finance Charge Receivables: | | $133,319,799.76 |
| Beginning of the Month Discounted Receivables: | | $0.00 |
| Beginning of the Month Total Receivables: | | $2,733,518,000.37 |
|
| 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: | | $2,572,789,040.65 |
| End of the Month Finance Charge Receivables: | | $132,222,969.32 |
| End of the Month Discounted Receivables: | | $0.00 |
| End of the Month Total Receivables: | | $2,705,012,009.97 |
|
| Special Funding Account Balance | | $0.00 |
| Aggregate Adjusted Invested Amount (all Master Trust II Series) | | $1,164,800,000.00 |
| End of the Month Transferor Amount | | $1,407,989,040.65 |
| End of the Month Transferor Percentage | | 54.73% |
|
DELINQUENCIES AND LOSSES | | |
|
| End of the Month Delinquencies: | | |
|
| 30-59 Days Delinquent | | $65,580,772.13 |
| 60-89 Days Delinquent | | $42,687,634.28 |
| 90+ Days Delinquent | | $78,935,218.87 |
|
| Total 30+ Days Delinquent | | $187,203,625.28 |
| Delinquent Percentage | | 6.92% |
|
| Defaulted Accounts During the Month | | $16,097,615.15 |
| Annualized Default Percentage | | 7.43% |
| Principal Collections | | $287,661,712.72 |
| Principal Payment Rate | | 11.06% |
|
| Total Payment Rate | | 11.91% |
|
| INITIAL INVESTED AMOUNTS | | |
| Class A Initial Invested Amount | | $322,000,000.00 |
| Class B Initial Invested Amount | | $28,000,000.00 |
| | |
|
| TOTAL INITIAL INVESTED AMOUNT | | $350,000,000.00 |
|
| INVESTED AMOUNTS, as of October 15, 2002 | | |
| Class A Invested Amount | | $368,000,000.00 |
| Class B Invested Amount | | $32,000,000.00 |
| | |
|
| TOTAL INVESTED AMOUNT | | $400,000,000.00 |
|
| ADJUSTED INVESTED AMOUNTS, as of October 15, 2002 | | |
| Class A Adjusted Invested Amount | | $147,200,000.00 |
| Class B Adjusted Invested Amount | | $32,000,000.00 |
| | |
|
| TOTAL ADJUSTED INVESTED AMOUNT | | $179,200,000.00 |
|
| FLOATING ALLOCATION PERCENTAGE | | 12.55% |
|
| PRINCIPAL ALLOCATION PERCENTAGE | | 15.38% |
|
| MONTHLY SERVICING FEE | | $316,000.00 |
|
| INVESTOR DEFAULT AMOUNT | | $2,020,715.81 |
|
CLASS A AVAILABLE FUNDS | | |
|
| CLASS A FLOATING ALLOCATION PERCENTAGE | | 90.20% |
|
| Class A Finance Charge Collections | | $4,987,050.58 |
| Other Amounts | | $0.00 |
|
| TOTAL CLASS A AVAILABLE FUNDS | | $4,987,050.58 |
|
| Class A Monthly Interest | | $617,532.32 |
| Class A Servicing Fee | | $276,000.00 |
| Class A Investor Default Amount | | $1,822,606.41 |
|
| TOTAL CLASS A EXCESS SPREAD | | $2,270,911.85 |
|
| REQUIRED AMOUNT | | $0.00 |
|
CLASS B AVAILABLE FUNDS | | |
|
| CLASS B FLOATING ALLOCATION PERCENTAGE | | 9.80% |
| Class B Finance Charge Collections | | $505,221.49 |
| Other Amounts | | $0.00 |
|
| TOTAL CLASS B AVAILABLE FUNDS | | $505,221.49 |
| Class B Monthly Interest | | $56,920.68 |
| Class B Servicing Fee | | $40,000.00 |
|
| TOTAL CLASS B EXCESS SPREAD | | $408,300.81 |
|
EXCESS SPREAD | | |
|
| TOTAL EXCESS SPREAD | | $2,679,212.66 |
|
| Excess Spread Applied to Required Amount | | $0.00 |
|
| Excess Spread Applied to Class A Investor Charge Offs | | $0.00 |
|
| Excess Spread Applied to Class B Interest, Servicing Fee, and Default Amount | | $198,109.40 |
|
| Excess Spread Applied to Class B Reductions of Class B Investe | | $0.00 |
|
| Excess Spread Applied to Monthly Cash Collateral Fee | | $14,734.58 |
|
| Excess Spread Applied to Cash Collateral Account | | $0.00 |
|
| Excess Spread Applied to Reserve Account | | $116,796.72 |
|
| Excess Spread Applied to other amounts owed to Cash Collateral Depositor | | $82.46 |
|
| TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I | | $2,349,489.50 |
EXCESS FINANCE CHARGE COLLECTIONS—GROUP I | | |
|
| TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I | | $8,908,584.89 |
|
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS | | |
|
| EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1995-C | | $0.00 |
|
| Excess Finance Charge Collections applied to Required Amount | | $0.00 |
|
| Excess Finance Charge Collections applied to Class A Investor Charge Offs | | $0.00 |
|
| Excess Finance Charge Collections applied to Class B Interest, Servicing Fee, and Default Items | | $0.00 |
|
| Excess Finance Charge Collections applied to Reductions of Class B Invested Amount | | $0.00 |
|
| Excess Finance Charge Collections applied to Monthly Cash Collateral Fee | | $0.00 |
|
| Excess Finance Charge Collections applied to Cash Collateral Account | | $0.00 |
|
| Excess Finance Charge Collections applied to Reserve Account | | $0.00 |
|
| Excess Finance Charge Collections applied to other amounts owed Cash Collateral Depositor | | $0.00 |
|
YIELD AND BASE RATE | | |
|
| Base Rate (Current Month) | | 4.09% |
| Base Rate (Prior Month) | | 4.05% |
| Base Rate (Two Months Ago) | | 4.11% |
| | |
|
| THREE MONTH AVERAGE BASE RATE | | 4.08% |
|
| Portfolio Yield (Current Month) | | 10.41% |
| Portfolio Yield (Prior Month) | | 11.93% |
| Portfolio Yield (Two Months Ago) | | 11.76% |
| | |
|
| THREE MONTH AVERAGE PORTFOLIO YIELD | | 11.37% |
PRINCIPAL COLLECTIONS | | |
|
| CLASS A PRINCIPAL PERCENTAGE | | 92.00% |
|
| Class A Principal Collections | | $40,712,092.74 |
|
| CLASS B PRINCIPAL PERCENTAGE | | 8.00% |
|
| Class B Principal Collections | | $3,540,181.95 |
|
| TOTAL PRINCIPAL COLLECTIONS | | $44,252,274.69 |
|
| INVESTOR DEFAULT AMOUNT | | $2,020,715.81 |
|
| REALLOCATED PRINCIPAL COLLECTIONS | | $0.00 |
|
| SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES | | $27,327,009.50 |
|
| CLASS A ACCUMULATION | | |
| Controlled Accumulation Amount | | $73,600,000.00 |
| Deficit Controlled Accumulation Amount | | $0.00 |
| CONTROLLED DISTRIBUTION AMOUNT | | $73,600,000.00 |
|
| CLASS B ACCUMULATION | | |
| Controlled Accumulation Amount | | $0.00 |
| Deficit Controlled Accumulation Amount | | $0.00 |
| CONTROLLED DISTRIBUTION AMOUNT | | $0.00 |
|
| EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL SHARING | | $0.00 |
|
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 | | $23,296,000.00 |
| Available Cash Collateral Amount | | $32,864,000.00 |
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 | | $ | 9,568,000.00 |
Bank One, Delaware, National Association (Formerly First USA Bank, National Association) as Servicer |
| | | |
| By: | | /s/ MICHAEL J. GRUBB
|
| | | Michael J. Grubb |
| | | First Vice President |
