Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - May 2012
Series Deal Size Expected Maturity | 2003-4 $725MM 10/15/2013 |
Yield | 17.90 | % | ||||
Less: | Coupon | 0.60 | % | |||
Servicing Fee | 1.50 | % | ||||
Net Credit Losses | 3.86 | % | ||||
Excess Spread : | ||||||
May-12 | 11.94 | % | ||||
April-12 | 11.85 | % | ||||
March-12 | 11.74 | % | ||||
Three Month Average Excess Spread | 11.84 | % | ||||
Delinquency: | ||||||
30 to 59 Days | 0.55 | % | ||||
60 to 89 Days | 0.43 | % | ||||
90+ Days | 1.15 | % | ||||
Total | 2.13 | % | ||||
Principal Payment Rate | 23.89 | % |