Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - October 2006
Series Deal Size Expected Maturity | 2001-6 $1,200MM 12/15/2006 | 2002-1 $1,000MM 3/15/2007 | 2002-3 $1,500MM 6/15/2009 | 2002-5 $1,000MM 7/15/2007 | 2002-7 $750MM 11/15/2007 | 2003-2 $1,340MM 4/15/2008 | ||||||||||||
Yield | 17.39 | % | 17.37 | % | 17.37 | % | 17.37 | % | 17.37 | % | 17.37 | % | ||||||
Less: Coupon | 5.51 | % | 5.47 | % | 5.53 | % | 5.46 | % | 5.51 | % | 5.50 | % | ||||||
Servicing Fee | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | ||||||
Net Credit Losses | 4.13 | % | 4.13 | % | 4.13 | % | 4.13 | % | 4.13 | % | 4.13 | % | ||||||
Excess Spread: | ||||||||||||||||||
October-06 | 6.25 | % | 6.27 | % | 6.21 | % | 6.28 | % | 6.23 | % | 6.24 | % | ||||||
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 | % | ||||||
Three Month Average Excess Spread | 5.67 | % | 5.69 | % | 5.63 | % | 5.70 | % | 5.65 | % | 5.66 | % | ||||||
Delinquency: | ||||||||||||||||||
30 to 59 Days | 1.04 | % | 1.04 | % | 1.04 | % | 1.04 | % | 1.04 | % | 1.04 | % | ||||||
60 to 89 Days | 0.71 | % | 0.71 | % | 0.71 | % | 0.71 | % | 0.71 | % | 0.71 | % | ||||||
90+ Days | 1.62 | % | 1.62 | % | 1.62 | % | 1.62 | % | 1.62 | % | 1.62 | % | ||||||
Total | 3.37 | % | 3.37 | % | 3.37 | % | 3.37 | % | 3.37 | % | 3.37 | % | ||||||
Principal Payment Rate | 18.25 | % | 18.25 | % | 18.25 | % | 18.25 | % | 18.25 | % | 18.25 | % | ||||||
Series Deal Size Expected Maturity | 2003-3 $1,425MM 7/15/2008 | 2003-4 $725MM 10/15/2013 | 2003-5 $1,000MM 10/15/2008 | 2003-6 $2,000MM 11/15/2008 | 2004-1 $1,500MM 2/15/2007 | 2004-2 $1,750MM 6/15/2007 | ||||||||||||
Yield | 17.37 | % | 17.37 | % | 17.37 | % | 17.37 | % | 17.37 | % | 17.37 | % | ||||||
Less: Coupon | 5.48 | % | 5.63 | % | 5.47 | % | 5.46 | % | 5.35 | % | 5.37 | % | ||||||
Servicing Fee | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | 1.50 | % | ||||||
Net Credit Losses | 4.13 | % | 4.13 | % | 4.13 | % | 4.13 | % | 4.13 | % | 4.13 | % | ||||||
Excess Spread: | ||||||||||||||||||
October-06 | 6.26 | % | 6.11 | % | 6.27 | % | 6.28 | % | 6.39 | % | 6.37 | % | ||||||
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 | % | ||||||
Three Month Average Excess Spread | 5.68 | % | 5.53 | % | 5.69 | % | 5.70 | % | 5.81 | % | 5.79 | % | ||||||
Delinquency: | ||||||||||||||||||
30 to 59 Days | 1.04 | % | 1.04 | % | 1.04 | % | 1.04 | % | 1.04 | % | 1.04 | % | ||||||
60 to 89 Days | 0.71 | % | 0.71 | % | 0.71 | % | 0.71 | % | 0.71 | % | 0.71 | % | ||||||
90+ Days | 1.62 | % | 1.62 | % | 1.62 | % | 1.62 | % | 1.62 | % | 1.62 | % | ||||||
Total | 3.37 | % | 3.37 | % | 3.37 | % | 3.37 | % | 3.37 | % | 3.37 | % | ||||||
Principal Payment Rate | 18.25 | % | 18.25 | % | 18.25 | % | 18.25 | % | 18.25 | % | 18.25 | % | ||||||
