Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - December 2009
Series Deal Size Expected Maturity | 2003-4 $725MM 10/15/2013 | ||
Yield | 16.23 | % | |
Less: Coupon | 0.59 | % | |
Servicing Fee | 1.50 | % | |
Net Credit Losses | 7.58 | % | |
Excess Spread : | |||
December-09 | 6.56 | % | |
November-09 | 3.73 | % | |
October-09 | 4.05 | % | |
Three Month Average Excess Spread | 4.78 | % | |
Delinquency: | |||
30 to 59 Days | 1.19 | % | |
60 to 89 Days | 1.03 | % | |
90+ Days | 3.05 | % | |
Total | 5.27 | % | |
Principal Payment Rate | 17.82 | % |