Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - May 2010
Series Deal Size Expected Maturity | 2003-4 $725MM 10/15/2013 | ||||
Yield * | 17.51 | % | |||
Less: | Coupon | 0.69 | % | ||
Servicing Fee | 1.50 | % | |||
Net Credit Losses | 9.35 | % | |||
Excess Spread : | |||||
May-10 | 5.97 | % | |||
April-10 | 6.79 | % | |||
March-10 | 9.73 | % | |||
Three Month Average Excess Spread | 7.50 | % | |||
Delinquency: | |||||
30 to 59 Days | 1.03 | % | |||
60 to 89 Days | 0.96 | % | |||
90+ Days | 2.39 | % | |||
Total | 4.38 | % | |||
Principal Payment Rate | 18.40 | % |
* | Yields for the March, April, and May 2010 Monthly Periods reflect an increase in finance charge collections due to a change in the allocation of payments as a result of the implementation of the Credit CARD Act of 2009. |