SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 15, 2003
------------------------------------
CITIBANK (SOUTH DAKOTA), National Association
ON BEHALF OF
CITIBANK CREDIT CARD MASTER TRUST I
(Issuer of the Collateral Certificate)
and
CITIBANK CREDIT CARD ISSUANCE TRUST
(Issuer of the Citiseries Class A notes,
Class B notes and Class C notes)
(Exact name of registrant as specified in charter)
UNITED STATES OF AMERICA
(State or other jurisdiction of incorporation)
46-0358360
(I.R.S. Employer Identification No.)
333-80743
333-52984
333-91326
333-103013
(Commission File No.)
701 EAST 60TH STREET, NORTH
SIOUX FALLS, SOUTH DAKOTA 57117
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (605) 331-2626
NOT APPLICABLE
(Former name or former address, if changed since last report)
1
ITEM 5. OTHER EVENTS.
Citibank Credit Card Issuance Trust (the "issuer") has issued Class A
notes, Class B notes and Class C notes of the Citiseries pursuant to an
Indenture between the issuer and Deutsche Bank Trust Company Americas (formerly
Bankers Trust Company), as trustee. The issuer's primary asset -- and its
primary source of funds for the payment of principal of and interest on the
notes -- is a collateral certificate issued by Citibank Credit Card Master Trust
I (the "master trust") to the issuer. The collateral certificate represents an
undivided interest in the assets of the master trust. The master trust assets
consist primarily of credit card receivables arising in a portfolio of revolving
credit card accounts.
Filed as Exhibit 99.1 to this Form 8-K is a copy of the monthly issuer's
report containing information regarding the notes of the Citiseries, the Master
Trust's assets and the collateral certificate for the due period ending
November 24, 2003 and the related payment dates for the notes delivered
pursuant to Section 907 of the Indenture.
2
Item 7(c). Exhibits
Exhibits Description
-------- -----------
99.1 Monthly Issuer's Report for the Due Period ending
November 24, 2003 and the related Payment Dates
for the Notes.
3
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CITIBANK (SOUTH DAKOTA), National Association,
As Managing Beneficiary of Citibank Credit
Card Issuance Trust and
As Servicer of Citibank Credit Card
Master Trust I
By: /s/ Douglas Morrison
--------------------------------
Douglas Morrison
Vice President
Dated: December 15, 2003
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending November 24, 2003
==============================================================================
This Report relates to the Due Period ending Nov 24, 2003 and the related
Payment Dates for the Notes.
<table>
<Caption>
A. Information Regarding the Master Trust portfolio
-------------------------------------------------
1. Portfolio Yield for the Collateral Certificate ......... 9.73%
Yield Component ................................... 16.20%
Credit Loss Component ............................. 6.47%
2. New Purchase Rate ..................................... 15.81%
3. Total Payment Rate .................................... 16.16%
4. Principal Payment Rate ................................ 15.34%
5. Aggregate Amount of Principal Receivables in the Trust :
Beginning of Due Period ............................ $ 74,926,249,232
Average ............................................ $ 74,422,421,485
Lump Sum Addition .................................. $ 0
End of Due Period .................................. $ 74,601,659,539
</table>
6. Delinquencies (Aggregate outstanding balances in the Accounts that
were delinquent by the time periods listed below as of the close of
business of the month preceding the Payment Dates, as a percentage
of aggregate Receivables as of the last day of the Due Period) :
<table>
<Caption>
Current .......................................... $ 72,942,310,322
5-34 days delinquent ........................... $ 3,379,229,719
35-64 days delinquent ........................... $ 1,153,137,888
65-94 days delinquent ........................... $ 777,577,311
95-124 days delinquent ........................... $ 634,326,292
125-154 days delinquent ........................... $ 511,084,562
155-184 days delinquent ........................... $ 432,260,181
Current ........................................... 91.37%
5-34 days delinquent ........................... 4.23%
35-64 days delinquent ........................... 1.44%
65-94 days delinquent ........................... 0.97%
95-124 days delinquent ........................... 0.79%
125-154 days delinquent ........................... 0.64%
155-184 days delinquent ........................... 0.56%
</table>
Page 4
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending November 24, 2003
==============================================================================
<table>
<Caption>
Current Due Current Due
Period on an Period on a
Actual Basis (1) Standard Basis (1)
B. Information Regarding the Collateral Certificate
-------------------------------------------------
(Percentage Basis)
1. Portfolio Yield 9.73% 9.73%
2. Weighted Average Note Rate 1.68% 1.68%
3. Weighted Average Investor Fee Rates
Fixed Servicing Fee 0.37% 0.37%
Others 0.01% 0.01%
4. Surplus Finance Charge Collections 7.67% 7.67%
5. Surplus Finance Charge Collections For
Purposes of Funding Class C Reserve Account 6.92% 6.91%
6. Required Surplus Finance Charge Amount 0.00% 0.00%
7. Aggregate Surplus Finance Charge Amount 7.67% 7.67%
minus Required Surplus Finance Charge Amount
</table>
<table>
<Caption>
C. Information Regarding the Collateral Certificate
-------------------------------------------------
(Dollars Basis)
1. Total Investor Collections $ 8,207,415,709 $ 8,207,415,709
Principal Collections $ 7,618,794,351 $ 7,618,794,351
Finance Charge Collections $ 588,621,358 $ 588,621,358
2. Investor Default Amount $ 237,866,407 $ 237,866,407
3. Investor Monthly Interest $ 67,079,783 $ 67,079,783
4. Investor Monthly Fees
Fixed Servicing Fees $ 15,314,531 $ 15,314,531
Others $ 289,872 $ 289,872
5. Surplus Finance Charge Collections $ 268,070,765 $ 268,070,765
6. Required Surplus Finance Charge Collections $ 0 $ 0
7. Aggregate Surplus Finance Charge Amount $ 268,070,765 $ 268,070,765
minus Required Surplus Finance Charge Amount
</table>
(1) Values for "Current Due Period on an Actual Basis" reflect,
in the case of a first due period close of a tranche of Notes,
activity from the close date until the first due period end,
or, as in the case of Investor Monthly Interest and certain
fees, until the first Monthly Interest Date. Values for
"Current Due Period on a Standard Basis" reflect activity for
the entire current period, as if all Notes had already been
outstanding prior to the first day of such period.
All percents are based on actual cash revenue or expense for
the period, converted to an annualized percent using day count
appropriate for the item, either 30/360, actual/360, or actual/actual.
Depending on the item, cash expenses may accrue
from October 29, 2003 to November 24, 2003 , 27 days, or
November 6 , 2003 to December 4 , 2003 , 29 days (standard basis).
Page 5
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending November 24, 2003
==============================================================================
<table>
<Caption>
D. Information Regarding Regarding Notes of Citiseries
----------------------------------------------------
(Aggregate Basis)
1a. Class A Outstanding Dollar Principal Amount ............ $41,928,750,000
For all Classes except Class 2001-A3 (Dakota) ............ $28,428,750,000
For Class 2001-A3 (Dakota) ............................... $13,500,000,000
1b. Class B Outstanding Dollar Principal Amount ............ $ 2,140,000,000
1c. Class C Outstanding Dollar Principal Amount ............ $ 4,100,000,000
2a. Targeted Deposit to Class A Interest Funding Account ..... $ 50,250,651
2b. Targeted Deposit to Class B Interest Funding Account ..... $ 2,667,173
2c. Targeted Deposit to Class C Interest Funding Account ..... $ 14,161,958
3a. Balance in the Class A Interest Funding Account ......... $ 128,266,781
3b Balance in the Class B Interest Funding Account ......... $ 7,556,097
3c Balance in the Class C Interest Funding Account ......... $ 37,979,563
4a. Targeted Deposit to Class A Principal Funding Account .... $ 1,500,000,000
4b. Targeted Deposit to Class B Principal Funding Account .... $ 0
4c. Targeted Deposit to Class C Principal Funding Account .... $ 0
5a. Balance in the Class A Principal Funding Account ........ $ 0
5b. Balance in the Class B Principal Funding Account ........ $ 0
5c. Balance in the Class C Principal Funding Account ........ $ 0
6. Targeted Deposit to Class C Reserve Account ............. $ 0
7. Balance in the Class C Reserve Account .................. $ 0
</table>
<table>
<Caption>
Data Applicable to all Classes Except 2001-A3 (Dakota)
-------------------------------------------------------
8a. Maximum enhancement amount available to
Outstanding Class A Notes from Class B Notes ............ $ 1,790,610,177
8b. As a Percentage of Class A Outstanding
Dollar Principal Amount ................................. 5.98291%
8c. Maximum enhancement amount available to
Outstanding Class A Notes from Class C Notes ............ $ 2,387,479,238
8d. As a Percentage of Class A Outstanding
Dollar Principal Amount ................................. 7.97721%
8e. Maximum enhancement amount available to
Outstanding Class B Notes from Class C Notes ............ $ 2,853,333,262
8f. As a Percentage of Class B Outstanding
Dollar Principal Amount ................................. 133.33333%
</table>
<table>
<Caption>
Data Applicable only to Class 2001-A3 (Dakota) (1)
-------------------------------------------------------
9a. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class C Notes ......... $ 938,502,450
9b. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 6.95187%
9c. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class B Notes ......... $ 0
9d. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 0.00000%
</table>
- -----------------------------------------------------------------------------
(1) All conditions precedent were satisfied for the issuance of new tranches of
Dakota CP Notes during Due Period ending November 24, 2003, including the
condition that the weighted average remaining life to Expected Principal Payment
Date of all Dakota CP Notes be 60 days or less.
Page 4
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending November 24, 2003
==============================================================================
<table>
<Caption>
Data Applicable to all Classes
-------------------------------
10a. Reduction in the Class A Nominal Liquidation
Amount resulting from an allocation
of Investor Charge-Offs ................................ $ 0
10b. Reduction in the Class B Nominal Liquidation
Amount resulting from an allocation of Investor
Charge-Offs or a reallocation of Principal
Collections to pay interest on Class A Notes ........... $ 0
10c. Reduction in the Class C Nominal Liquidation
Amount resulting from an allocation of Investor
Charge-Offs or a reallocation of Principal
Collections to pay interest on Class A or Class B Notes . $ 0
11a. Reimbursement of Class A Nominal Liquidation Amount .... $ 0
11b. Reimbursement of Class B Nominal Liquidation Amount .... $ 0
11c. Reimbursement of Class C Nominal Liquidation Amount .... $ 0
</table>
<table>
<Caption>
E. Information Regarding Distributions to Noteholders of Citiseries
-----------------------------------------------------------------
(Aggregate Basis)
1a. The total amount of the distribution to Class A Noteholders
on the applicable Payment Dates ......................... $1,586,557,562
1b. The total amount of the distribution to Class B Noteholders
on the applicable Payment Dates ......................... $ 4,917,758
1c. The total amount of the distribution to Class C Noteholders
on the applicable Payment Dates ......................... $ 10,310,215
2a. The amount of the distribution set forth in item 1(a) above
in respect of principal on the Class A Notes ........ $1,500,000,000
2b. The amount of the distribution set forth in item 1(b) above
in respect of principal on the Class B Notes ........ $ 0
2c. The amount of the distribution set forth in item 1(c) above
in respect of principal on the Class C Notes ........ $ 0
3a. The amount of the distribution set forth in item 1(a) above
in respect of interest on the Class A Notes ........ $ 86,557,562
3b. The amount of the distribution set forth in item 1(b) above
in respect of interest on the Class B Notes ........ $ 4,917,758
3c. The amount of the distribution set forth in item 1(c) above
in respect of interest on the Class C Notes ........ $ 10,310,215
4a. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class A Notes exceeds
the Class A Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
4b. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class B Notes exceeds
the Class B Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
4c. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class C Notes exceeds
the Class C Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
</table>
Page 5
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending November 24, 2003
==============================================================================
<table>
<Caption>
F. Information Regarding Notes of Citiseries (2)
----------------------------------------------
(Individual Tranche Basis)
1. Outstanding Dollar Principal Amount, Interest Payments and Deposits to
Interest Funding Sub-Accounts
Class/ Outstanding Monthly Targeted Actual Cumulative Interest Interest
Tranche Dollar Accretion Interest Interest Shortfall Funding Payment
Principal Monthly Monthly In Interest Sub-Account On Payment
Amount Deposit Deposit Funding Balance Date
Sub-Account
- ------------- --------------- ----------- ----------- ----------- ----------- ----------- ------------
Class 2000-A1 1,500,000,000 0 1,537,550 1,537,550 0 3,349,662 0
Class 2000-A3 1,000,000,000 0 1,060,811 1,060,811 0 1,060,811 0
Class 2000-B1 350,000,000 0 402,399 402,399 0 1,307,796 0
Class 2000-B2 150,000,000 0 163,333 163,333 0 355,833 0
Class 2000-C1 600,000,000 0 3,725,000 3,725,000 0 11,175,000 0
Class 2000-C2 200,000,000 0 280,000 280,000 0 610,000 0
Class 2001-A1 1,500,000,000 0 1,730,833 1,730,833 0 1,730,833 0
Class 2001-A2 2,250,000,000 0 2,499,375 2,499,375 0 2,499,375 0
Class 2001-A3 13,500,000,000 0 10,900,517 10,900,517 0 0 10,900,517
Class 2001-A4 1,108,750,000 0 1,276,264 1,276,264 0 2,595,069 0
Class 2001-A5 1,250,000,000 0 1,239,583 1,239,583 0 0 3,760,069
Class 2001-A6 1,250,000,000 0 1,258,833 1,258,833 0 0 8,217,947
Class 2001-A7 420,000,000 0 429,567 429,567 0 429,567 0
Class 2001-A8 1,750,000,000 0 5,979,167 5,979,167 0 0 35,875,000
Class 2001-A9 0 0 4,705,000 4,705,000 0 0 14,115,000
Class 2001-B1 350,000,000 0 449,167 449,167 0 978,542 0
Class 2001-B2 390,000,000 0 523,250 523,250 0 0 1,587,192
Class 2001-C1 500,000,000 0 867,222 867,222 0 1,889,306 0
Class 2001-C2 250,000,000 0 364,938 364,938 0 0 364,938
Class 2001-C3 500,000,000 0 2,770,833 2,770,833 0 2,770,833 0
Class 2001-C4 100,000,000 0 173,944 173,944 0 0 173,944
Class 2002-A1 1,000,000,000 0 1,058,133 1,058,133 0 4,189,511 0
Class 2002-A1 1,000,000,000 0 1,141,667 1,141,667 0 0 1,141,667
Class 2002-A2 1,000,000,000 0 941,111 941,111 0 941,111 0
Class 2002-A3 1,000,000,000 0 931,000 931,000 0 931,000 0
Class 2002-A4 750,000,000 0 884,792 884,792 0 0 884,792
Class 2002-A5 1,250,000,000 0 1,147,222 1,147,222 0 0 3,728,472
Class 2002-A8 1,000,000,000 0 1,128,056 1,128,056 0 0 1,128,056
Class 2002-A9 1,000,000,000 0 917,778 917,778 0 0 2,982,778
Class 2002-B1 400,000,000 0 506,333 506,333 0 0 1,502,667
Class 2002-C1 400,000,000 0 744,000 744,000 0 744,000 0
Class 2002-C2 350,000,000 0 2,027,083 2,027,083 0 8,108,333 0
Class 2002-C3 275,000,000 0 487,667 487,667 0 0 1,584,917
Class 2003-A1 1,250,000,000 0 1,215,278 1,215,278 0 2,647,569 0
Class 2003-A2 1,500,000,000 0 1,374,917 1,374,917 0 7,483,074 0
Class 2003-A3 750,000,000 0 774,375 774,375 0 2,348,938 0
Class 2003-A4 1,250,000,000 0 1,344,444 1,344,444 0 0 3,823,264
Class 2003-A5 1,000,000,000 0 2,083,333 2,083,333 0 4,166,667 0
Class 2003-A6 1,250,000,000 0 1,213,382 1,213,382 0 1,213,382 0
Class 2003-A7 650,000,000 0 779,413 779,413 0 3,086,733 0
Class 2003-A8 750,000,000 0 698,250 698,250 0 3,035,917 0
Class 2003-B1 500,000,000 0 622,691 622,691 0 0 1,827,899
Class 2003-C1 325,000,000 0 629,688 629,688 0 1,259,375 0
Class 2003-C2 150,000,000 0 285,333 285,333 0 0 811,417
Class 2003-C3 150,000,000 0 556,250 556,250 0 1,112,500 0
Class 2003-C4 300,000,000 0 1,250,000 1,250,000 0 0 7,375,000
</table>
<table>
<Caption>
2. Principal Payments and Deposits to Principal Funding Sub-Accounts
Class/Tranche Targeted Actual Cumulative Principal Principal
Principal Principal Shortfall in Funding Payment On
Monthly Monthly Principal Sub-Account Payment Date
Deposit Deposit Funding Balance
Sub-Account
- --------------- --------------- --------------- --------------- --------------- ---------------
Class 2001-A9 1,500,000,000 1,500,000,000 0 0 1,500,000,000
</table>
-----------------------------------------------------------------------------
(2) The information reported is for the Due Period ending November 24, 2003 and
giving effect to all deposits, allocations, reallocations and payments to
be made in the month after the end of this Due Period.
Page 6
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending November 24, 2003
==============================================================================
<table>
<Caption>
3. Deposits to and Withdrawals from Class C Reserve Sub-Accounts
-------------------------------------------------------------
Class/Tranche Targeted Actual Cumulative Withdrawals Class C
Deposit to Deposit to Shortfall in from Class C Reserve
Class C Class C Class C Reserve Sub-Account
Reserve Reserve Reserve Sub-Account Balance
Sub-Account Sub-Account Sub-Account
- --------------- --------------- --------------- --------------- --------------- ---------------
Nothing to report for this period.
</table>
<table>
<Caption>
4. Maximum Enhancement Amount Available to Class A Notes; Class A Usage of
Class B and Class C Subordinated Amounts
Class/Tranche Maximum Maximum Class A Class A Cumulative Cumulative
Enhancement Enhancement Usage of Usage of Class A Class A
Amount Amount Class B Class C Usage of Usage of
Available Available Subordinated Subordinated Class B Class C
from Class from Class Amount for Amount for Subordinated Subordinated
B Notes C Notes this Due this Due Amount Amount
Period Period
- --------------- ------------- ------------- ------------- ------------- ------------- --------------
Class 2000-A1 89,743,650 119,658,150
Class 2000-A3 59,829,100 79,772,100
Class 2001-A1 89,743,650 119,658,150
Class 2001-A2 134,615,475 179,487,225
Class 2001-A3 0 938,502,450
Class 2001-A4 66,335,515 88,447,316
Class 2001-A5 74,786,375 99,715,125
Class 2001-A6 74,786,375 99,715,125
Class 2001-A7 25,128,222 33,504,282
Class 2001-A8 104,700,925 139,601,175
Class 2001-A9 89,743,650 119,658,150
Class 2002-A1 59,829,100 79,772,100
Class 2002-A10 59,829,100 79,772,100
Class 2002-A2 59,829,100 79,772,100
Class 2002-A3 59,829,100 79,772,100
Class 2002-A4 44,871,825 59,829,075
Class 2002-A5 74,786,375 99,715,125
Class 2002-A8 59,829,100 79,772,100
Class 2002-A9 59,829,100 79,772,100
Class 2003-A1 74,786,375 99,715,125
Class 2003-A2 89,743,650 119,658,150
Class 2003-A3 44,871,825 59,829,075
Class 2003-A4 74,786,375 99,715,125
Class 2003-A5 59,829,100 79,772,100
Class 2003-A6 74,786,375 99,715,125
Class 2003-A7 38,888,915 51,851,865
Class 2003-A8 44,871,825 59,829,075
</table>
Page 7
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending November 24, 2003
==============================================================================
<table>
<Caption>
5. Maximum Enhancement Amount Available to Class B Notes; Class B Usage of
Class C Subordinated Amounts
Class/Tranche Maximum Enhancement Class B Usage of Cumulative Class B
Amount Available from Class C Subordinated Usage of Class C
Class C Notes Amount for this Due Subordinated Amount
Period
- --------------- ------------------------ ------------------------ ------------------------
Class 2000-B1 466,666,655
Class 2000-B2 199,999,995
Class 2001-B1 466,666,655
Class 2001-B2 519,999,987
Class 2002-B1 533,333,320
Class 2003-B1 666,666,650
</table>
<table>
<Caption>
6. Reductions of and Reimbursements to Nominal Liquidation Amount
Class/Tranche Reduction Reduction Cumulative Cumulative Reimbursements
Resulting from Resulting from Reduction Reduction of prior
an Allocation from a Resulting from Resulting from reductions of
of Investor Reallocation an Allocation an Reallocation Nominal
Charge-offs of Principal of Investor of Principal Liquidation
for this Due Collections Charge-offs Collections to Amount for
Period to pay (net of pay interest on this Due
interest on Reimbursements) senior classes Period
senior of Notes (net of
classes of Reimbursements)
Notes for
this Due
Period
- --------------- ---------------- ---------------- ---------------- ---------------- ----------------
Nothing to report for this period.
</table>
Page 8
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Report this __________ day of December, 2003.
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION,
As Managing Beneficiary of Citibank Credit
Card Issuance Trust
and
As Servicer of Citibank Credit Card
Master Trust I
By: /s/ Andrew Lubliner
____________________________________
Name: Andrew Lubliner
Title: Authorized Representative
Page 9