Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis – October 2009
Series Deal Size Expected Maturity | 2003-4 $725MM 10/15/2013 | ||
Yield | 15.04 | % | |
Less: Coupon | 0.60 | % | |
Servicing Fee | 1.50 | % | |
Net Credit Losses | 8.89 | % | |
Excess Spread : | |||
October-09 | 4.05 | % | |
September-09 | 3.51 | % | |
August-09 | 2.78 | % | |
Three Month Average Excess Spread | 3.45 | % | |
Delinquency: | |||
30 to 59 Days | 1.46 | % | |
60 to 89 Days | 1.16 | % | |
90+ Days | 2.67 | % | |
Total | 5.29 | % | |
Principal Payment Rate | 16.49 | % |