Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - June 2010
Series Deal Size Expected Maturity | 2003-4 $725MM 10/15/2013 | ||||
Yield * | 18.23 | % | |||
Less: | Coupon | 0.71 | % | ||
Servicing Fee | 1.50 | % | |||
Net Credit Losses | 8.32 | % | |||
Excess Spread : | |||||
June-10 | 7.70 | % | |||
May-10 | 5.97 | % | |||
April-10 | 6.79 | % | |||
Three Month Average Excess Spread | 6.82 | % | |||
Delinquency: | |||||
30 to 59 Days | 1.04 | % | |||
60 to 89 Days | 0.84 | % | |||
90+ Days | 2.42 | % | |||
Total | 4.30 | % | |||
Principal Payment Rate | 19.12 | % |
* | Beginning with the February 2010 Monthly Period, yields 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. |