Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - May 2011
Series Deal Size Expected Maturity | 2003-4 $725MM | |||
Yield | 18.59 | % | ||
Less: Coupon | 0.56 | % | ||
Servicing Fee | 1.50 | % | ||
Net Credit Losses | 6.07 | % | ||
Excess Spread : | ||||
May-11 | 10.46 | % | ||
April-11 | 9.49 | % | ||
March-11 | 10.19 | % | ||
Three Month Average Excess Spread | 10.05 | % | ||
Delinquency: | ||||
30 to 59 Days | 0.70 | % | ||
60 to 89 Days | 0.59 | % | ||
90+ Days | 1.41 | % | ||
Total | 2.70 | % | ||
Principal Payment Rate | 22.68 | % |