Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - September 2006
| Series | 2001-6 | 2002-1 | 2002-3 | 2002-5 | 2002-7 | 2003-2 | ||||||||||||
| Deal Size | $1,200MM | $1,000MM | $1,500MM | $1,000MM | $750MM | $1,340MM | ||||||||||||
Expected Maturity | 12/15/2006 | 3/15/2007 | 6/15/2009 | 7/15/2007 | 11/15/2007 | 4/15/2008 | ||||||||||||
Yield | 16.47 | % | 16.45 | % | 16.45 | % | 16.45 | % | 16.45 | % | 16.45 | % | ||||||
Less: Coupon | 5.52 | % | 5.48 | % | 5.55 | % | 5.48 | % | 5.52 | % | 5.52 | % | ||||||
Servicing Fee | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | ||||||
Net Credit Losses | 4.41 | % | 4.41 | % | 4.41 | % | 4.41 | % | 4.41 | % | 4.41 | % | ||||||
Excess Spread: | ||||||||||||||||||
September-06 | 5.04 | % | 5.06 | % | 4.99 | % | 5.06 | % | 5.02 | % | 5.02 | % | ||||||
August-06 | 5.72 | % | 5.75 | % | 5.68 | % | 5.76 | % | 5.71 | % | 5.72 | % | ||||||
July-06 | 5.76 | % | 5.80 | % | 5.74 | % | 5.81 | % | 5.76 | % | 5.77 | % | ||||||
Three Month Average Excess Spread | 5.51 | % | 5.54 | % | 5.47 | % | 5.54 | % | 5.50 | % | 5.50 | % | ||||||
Delinquency: | ||||||||||||||||||
30 to 59 Days | 1.05 | % | 1.05 | % | 1.05 | % | 1.05 | % | 1.05 | % | 1.05 | % | ||||||
60 to 89 Days | 0.73 | % | 0.73 | % | 0.73 | % | 0.73 | % | 0.73 | % | 0.73 | % | ||||||
90+ Days | 1.61 | % | 1.61 | % | 1.61 | % | 1.61 | % | 1.61 | % | 1.61 | % | ||||||
Total | 3.39 | % | 3.39 | % | 3.39 | % | 3.39 | % | 3.39 | % | 3.39 | % | ||||||
Principal Payment Rate | 17.19 | % | 17.19 | % | 17.19 | % | 17.19 | % | 17.19 | % | 17.19 | % | ||||||
| Series | 2003-3 | 2003-4 | 2003-5 | 2003-6 | 2004-1 | 2004-2 | ||||||||||||
| Deal Size | $1,425MM | $725MM | $1,000MM | $2,000MM | $1,500MM | $1,750MM | ||||||||||||
Expected Maturity | 7/15/2008 | 10/15/2013 | 10/15/2008 | 11/15/2008 | 2/15/2007 | 6/15/2007 | ||||||||||||
Yield | 16.45 | % | 16.45 | % | 16.45 | % | 16.45 | % | 16.45 | % | 16.45 | % | ||||||
Less: Coupon | 5.50 | % | 5.64 | % | 5.49 | % | 5.47 | % | 5.36 | % | 5.38 | % | ||||||
Servicing Fee | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | ||||||
Net Credit Losses | 4.41 | % | 4.41 | % | 4.41 | % | 4.41 | % | 4.41 | % | 4.41 | % | ||||||
Excess Spread: | ||||||||||||||||||
September-06 | 5.04 | % | 4.90 | % | 5.05 | % | 5.07 | % | 5.18 | % | 5.16 | % | ||||||
August-06 | 5.74 | % | 5.59 | % | 5.74 | % | 5.76 | % | 5.87 | % | 5.85 | % | ||||||
July-06 | 5.79 | % | 5.64 | % | 5.80 | % | 5.82 | % | 5.92 | % | 5.91 | % | ||||||
Three Month Average Excess Spread | 5.52 | % | 5.38 | % | 5.53 | % | 5.55 | % | 5.66 | % | 5.64 | % | ||||||
Delinquency: | ||||||||||||||||||
30 to 59 Days | 1.05 | % | 1.05 | % | 1.05 | % | 1.05 | % | 1.05 | % | 1.05 | % | ||||||
60 to 89 Days | 0.73 | % | 0.73 | % | 0.73 | % | 0.73 | % | 0.73 | % | 0.73 | % | ||||||
90+ Days | 1.61 | % | 1.61 | % | 1.61 | % | 1.61 | % | 1.61 | % | 1.61 | % | ||||||
Total | 3.39 | % | 3.39 | % | 3.39 | % | 3.39 | % | 3.39 | % | 3.39 | % | ||||||
Principal Payment Rate | 17.19 | % | 17.19 | % | 17.19 | % | 17.19 | % | 17.19 | % | 17.19 | % | ||||||
