Bank One De Na As Serv On Behalf Part Credit Card Mas TR Inactive
Filed: 17 Mar 03, 12:00am
Exhibit 20.2
Partners First Credit Card Master Trust
MONTHLY TRUST ACTIVITY
A. | Trust Level Activity | ||||
Number of Days in Monthly Period | 28 |
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Beginning Principal Receivables Balance | 1,332,490,654.47 |
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Beginning Special Funding Account Balance | 0.00 |
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Beginning Principal Receivables + SFA Balance | 1,332,490,654.47 |
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Beginning Finance Charge Receivables | 37,291,894.69 |
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Beginning Total Receivables | 1,369,782,549.16 |
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Special Funding Account Earnings | 0.00 |
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Finance Charge Collections | 15,293,244.67 |
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Interest/Fee Reversals (Wachovia accounts only) | 0.00 |
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Interchange Collections | 2,696,492.85 |
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Collection Account Investment Proceeds | 0.00 |
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Recoveries treated as Finance Charge Collections | 0.00 |
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Total Finance Charge Receivables Collections | 17,989,737.52 |
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Principal Receivables Collections | 103,185,387.06 |
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Recoveries treated as Principal Collections | 805,167.61 |
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Total Principal Receivables Collections | 103,990,554.67 |
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Monthly Payment Rate (Principal plus Interest divided by Beg. Total Receivables) | 8.65 | % | |||
Defaulted Amount (Net of Recoveries) | 10,039,231.11 |
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Annualized Default Rate | 9.04 | % | |||
Trust Gross Yield | 16.20 | % | |||
Aggregate Account Addition or Removal (Y/N)? | N |
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Date of Addition/Removal | N/A |
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Principal Receivables at the end of the day of Addition/Removal | N/A |
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SFA Balance at the end of the day of Addition/Removal | N/A |
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Principal Receivables + SFA Balance at the end of the day of Addition/Removal | N/A |
| |||
Ending Principal Receivables Balance | 1,309,591,227.30 |
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Ending Special Funding Account (SFA) Balance | 0.00 |
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Ending Principal Receivables + SFA Balance | 1,309,591,227.30 |
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Ending Finance Charge Receivables | 38,079,926.42 |
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Ending Total Receivables | 1,347,671,153.72 |
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Required Minimum Principal Balance (as of month end) | 317,897,794.94 |
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Partners First Credit Card Master Trust
MONTHLY TRUST ACTIVITY
B. | Series Allocations | |||||||||
Total | 1998-3 | |||||||||
Group | 1 | |||||||||
Class A Initial Invested Amount | 528,000,000.00 | 528,000,000.00 | ||||||||
Class B Initial Invested Amount | 113,000,000.00 | 113,000,000.00 | ||||||||
Collateral Initial Invested Amount | 67,000,000.00 | 67,000,000.00 | ||||||||
Class D Initial Invested Amount | 42,000,000.00 | 42,000,000.00 | ||||||||
Total Initial Invested Amount | 750,000,000.00 | 750,000,000.00 | ||||||||
Required Transferor Amount (per definition) | 47,495,000.00 | 47,495,000.00 | ||||||||
Initial Invested Amount + Req Transf Amount | 797,495,000.00 | 797,495,000.00 | ||||||||
Series Allocation Percentage | 100.00% | 100.00% | ||||||||
Series Allocable Finance Charge Collections | 17,989,737.52 | 17,989,737.52 | ||||||||
Series Allocable Principal Collections | 103,990,554.67 | 103,990,554.67 | ||||||||
Series Allocable Defaulted Amounts | 10,039,231.11 | 10,039,231.11 | ||||||||
Series Allocable Servicing Fee | 410,662.99 | 410,662.99 | ||||||||
In Revolving Period? | N | |||||||||
Available for Principal Sharing Series | 0.00 | 0.00 | ||||||||
Principal Shortfall | 0.00 | 0.00 | ||||||||
Allocation of Shared Principal Collections | 0.00 | 0.00 | ||||||||
Available for Excess Allocation Series | 1,161,337.04 | 1,161,337.04 | ||||||||
Finance Charge Shortfall | 0.00 | 0.00 | ||||||||
Allocation of Excess Finance Charge Collections | 0.00 | 0.00 | ||||||||
B. | Series Allocations Amounts Due | 1998-3 | ||||||||
Transferor’s Percentage | 76.44% | |||||||||
Principal Allocation Percentage | 56.29% | |||||||||
Principal Collections | 58,531,679.56 | |||||||||
Floating Allocation Percentage | 23.56% | |||||||||
Class A Certificate Rate | 1.46875% | |||||||||
Class B Certificate Rate | 1.69875% | |||||||||
CIA Certificate Rate | 2.31375% | |||||||||
CIA Secured Loan Spread Rate | 2.06375% | |||||||||
Class D Certificate Rate | 0.00000% | |||||||||
Class A Interest | 581,625.00 | |||||||||
Class B Interest | 143,969.06 | |||||||||
Collateral Monthly Interest | 0.00 | |||||||||
Class D Interest | 0.00 | |||||||||
Investor Monthly Interest | 725,594.06 | |||||||||
Investor Default Amount (Net of Recoveries) | 2,365,089.78 | |||||||||
Interchange Collections | 635,252.60 | |||||||||
0.75% of Interchange | 153,998.62 | |||||||||
Servicer Interchange | 153,998.62 | |||||||||
Monthly Servicing Fee (Before Adjustments) | 410,662.99 | |||||||||
Interchange Adjustment | 0.00 | |||||||||
SFA Adjustment | 0.00 | |||||||||
Previous Period Adjustment | 0.00 | |||||||||
Total Monthly Servicing Fee (After all adjustments) | 410,662.99 | |||||||||
C. | Calculation of Redirected Investor Finance Charge Collections (“Socialism”) | |||||||||
Group I | 1998-3 | |||||||||
Beginning Invested Amount (Month) | 687,831,148.65 | 687,831,148.65 | ||||||||
Finance Charge Collections | 4,238,107.87 | 4,238,107.87 | ||||||||
Reserve Account Interest | 2,994.00 | 2,994.00 | ||||||||
PFA Proceeds | 421,582.00 | 421,582.00 | ||||||||
Total Finance Charge Collections | 4,662,683.87 | 4,662,683.87 | ||||||||
Investor Monthly Interest | 725,594.06 | 725,594.06 | ||||||||
Investor Default Amount | 2,365,089.78 | 2,365,089.78 | ||||||||
Monthly Servicing Fee | 410,662.99 | 410,662.99 | ||||||||
Additional Amounts | 0.00 | 0.00 | ||||||||
Total Amount Due | 3,501,346.83 | 3,501,346.83 | ||||||||
Group Excess? | Y | |||||||||
Amount per 4.10(A) Amount per 4.10(B) Amount per 4.10(C) Amount per 4.10(D) | } | used in a shortfall | 725,594.06 2,365,089.78 410,662.99 0.00 | |||||||
Redirected Finance Charge Collections | 4,662,683.87 | 4,662,683.87 | ||||||||
Amount of funds redistributed per 4.10 | 0.00 | |||||||||
Redirected Finance Charge Collections—PFA Proceeds (Class A available funds) | 4,241,101.87 | |||||||||
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Partners First Credit Card Master Trust
MONTHLY TRUST ACTIVITY
D. Trust Performance | |||||||||||||
30-59 Days Delinquent | 23,003,634.55 | 1.76 | % | ||||||||||
60-89 Days Delinquent | 16,264,218.44 | 1.24 | % | ||||||||||
90+ Days Delinquent | 32,340,515.73 | 2.47 | % | ||||||||||
Total 30+ Days Delinquent | 71,608,368.72 | 5.47 | % |
BANK ONE, DELAWARE, NATIONAL ASSOCIATION (FORMERLY FIRST USA BANK, N.A.) AS SERVICER | ||
By: | /S/ MICHAEL J. GRUBB | |
Name: Michael J. Grubb Title: First Vice President | ||
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