EXHIBIT 99.5
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: | | $2,591,257,172.52 | |
| Beginning of the Month Finance Charge Receivables: | | $136,465,334.68 | |
| Beginning of the Month Discounted Receivables: | | $0.00 | |
| Beginning of the Month Total Receivables: | | $2,727,722,507.20 | |
| | | | |
| 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: | | $2,602,535,610.14 | |
| End of the Month Finance Charge Receivables: | | $134,564,716.92 | |
| End of the Month Discounted Receivables: | | $0.00 | |
| End of the Month Total Receivables: | | $2,737,100,327.06 | |
| | | | |
| Special Funding Account Balance | | $0.00 | |
| Aggregate Adjusted Invested Amount (all Master Trust II Series) | | $1,466,000,000.00 | |
| End of the Month Transferor Amount | | $1,136,535,610.14 | |
| End of the Month Transferor Percentage | | 43.67 | % |
| | | | |
DELINQUENCIES AND LOSSES | | | |
| | | | |
| End of the Month Delinquencies: | | | |
| | | | |
| 30-59 Days Delinquent | | $59,242,171.64 | |
| 60-89 Days Delinquent | | $40,071,503.69 | |
| 90+ Days Delinquent | | $77,382,826.68 | |
| | | | |
| Total 30+ Days Delinquent | | $176,696,502.01 | |
| Delinquent Percentage | | 6.46 | % |
| | | | |
| Defaulted Accounts During the Month | | $17,353,976.02 | |
| Annualized Default Percentage | | 8.04 | % |
| | | | |
| Principal Collections | | $285,284,274.64 | |
| Principal Payment Rate | | 11.01 | % |
|
| 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 August 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 August 15, 2002 | | | |
| Class A Adjusted Invested Amount | | $294,400,000.00 | |
| Class B Adjusted Invested Amount | | $32,000,000.00 | |
| | |
|
|
| TOTAL ADJUSTED INVESTED AMOUNT | | $326,400,000.00 | |
|
| FLOATING ALLOCATION PERCENTAGE | | 15.44 | % |
|
| PRINCIPAL ALLOCATION PERCENTAGE | | 15.44 | % |
|
| MONTHLY SERVICING FEE | | $500,000.00 | |
|
| INVESTOR DEFAULT AMOUNT | | $2,678,850.44 | |
|
CLASS A AVAILABLE FUNDS | | | |
|
| CLASS A FLOATING ALLOCATION PERCENTAGE | | 92.00 | % |
| Class A Finance Charge Collections | | $6,071,910.92 | |
| Other Amounts | | $0.00 | |
|
| TOTAL CLASS A AVAILABLE FUNDS | | $6,071,910.92 | |
|
| Class A Monthly Interest | | $665,070.56 | |
| Class A Servicing Fee | | $460,000.00 | |
| Class A Investor Default Amount | | $2,464,542.40 | |
|
| TOTAL CLASS A EXCESS SPREAD | | $2,482,297.96 | |
|
| REQUIRED AMOUNT | | $0.00 | |
CLASS B AVAILABLE FUNDS | | | |
| | | | |
| CLASS B FLOATING ALLOCATION PERCENTAGE | | 8.00 | % |
| | | | |
| Class B Finance Charge Collections | | $527,992.24 | |
| Other Amounts | | $0.00 | |
| | | | |
| TOTAL CLASS B AVAILABLE FUNDS | | $527,992.24 | |
| | | | |
| Class B Monthly Interest | | $61,276.67 | |
| Class B Servicing Fee | | $40,000.00 | |
| | | | |
| TOTAL CLASS B EXCESS SPREAD | | $426,715.57 | |
| | | | |
EXCESS SPREAD | | | |
| | | | |
| TOTAL EXCESS SPREAD | | $2,909,013.53 | |
| | | | |
| 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 | | $214,308.04 | |
| | | | |
| Excess Spread Applied to Class B Reductions of Class B Investe | | $0.00 | |
| | | | |
| Excess Spread Applied to Monthly Cash Collateral Fee | | $28,933.33 | |
| | | | |
| Excess Spread Applied to Cash Collateral Account | | $0.00 | |
| | | | |
| Excess Spread Applied to Reserve Account | | $0.00 | |
| | | | |
| Excess Spread Applied to other amounts owed to Cash Collateral Depositor | | $178.51 | |
| | | | |
| TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I | | $2,665,593.65 | |
EXCESS FINANCE CHARGE COLLECTIONS—GROUP I | | | |
|
| TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I | | $9,800,160.61 | |
|
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) | | 4.11 | % |
| Base Rate (Prior Month) | | 4.11 | % |
| Base Rate (Two Months Ago) | | 4.11 | % |
| | |
|
|
| THREE MONTH AVERAGE BASE RATE | | 4.11 | % |
|
| Portfolio Yield (Current Month) | | 11.76 | % |
| Portfolio Yield (Prior Month) | | 11.49 | % |
| Portfolio Yield (Two Months Ago) | | 12.17 | % |
| | |
|
|
| THREE MONTH AVERAGE PORTFOLIO YIELD | | 11.81 | % |
PRINCIPAL COLLECTIONS | | | |
|
| CLASS A PRINCIPAL PERCENTAGE | | 92.00 | % |
|
| Class A Principal Collections | | $40,514,933.90 | |
|
| CLASS B PRINCIPAL PERCENTAGE | | 8.00 | % |
|
| Class B Principal Collections | | $3,523,037.75 | |
|
| TOTAL PRINCIPAL COLLECTIONS | | $44,037,971.65 | |
|
| INVESTOR DEFAULT AMOUNT | | $2,678,850.44 | |
|
| REALLOCATED PRINCIPAL COLLECTIONS | | $0.00 | |
|
| SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES | | $26,883,177.91 | |
|
| 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 | | $52,000,000.00 | |
| Available Cash Collateral Amount | | $52,000,000.00 | |
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 | | $ | 0.00 |
First USA Bank, National Association as Servicer |
|
| By: | | /s/ Michael J. Grubb
|
| | | Michael J. Grubb First Vice President |
