Exhibit 20.1
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DILLARD CREDIT CARD MASTER TRUST I
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Dillard Asset Funding Company, Transferor
Dillard National Bank, Servicer
Series 2000-1
Monthly Series 2000-1 Certificateholders' Statement
Capitalized terms used in this Certificate have their respective
meanings set forth in the Amended and Restated Pooling and Servicing Agreement;
provided, that the preceding Monthly Period shall mean the Monthly Period
immediately preceding the calendar month in which this Certificate is delivered.
This Certificate is delivered pursuant to subsection 3.4(b) of the Amended and
Restated Pooling and Servicing Agreement. References herein to certain sections
and subsections are references to the respective sections and subsections of
the Amended and Restated Pooling and Servicing Agreement.
For Month September 2002
5.2(a)(i) on an aggregate basis:
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
per $1,000 original principal amount per Certificate:
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
5.2(a)(ii) on an aggregate basis:
Class A Monthly Interest 337,226.50
Class B Monthly Interest ________ 0.00
per $1,000 original principal amount per Certificate:
Class A Monthly Interest 1.69
Class B Monthly Interest 0.00
Exhibit 20.1
5.2(a)(iii) Collections of Principal Receivables
allocated to Class A 13,253,012.05
Collections of Principal Receivables
allocated to Class B 8,448,308.49
5.2(a)(iv) Collections of Finance Charge Receivables
allocated to Class A 3,679,906.50
Collections of Finance Charge Receivables
allocated to Class B 1,099,192.86
5.2(a)(v) Principal Receivables (beginning of month) 1,304,594,356.16
Gross Credit Sales 206,912,158.00
Principal Payments (184,492,259.93)
Returns (28,939,087.57)
Principal Defaults (9,424,779.76)
Ineligible Principal Receivables 0.00
Actual Misc. Adjustments 0.00
Principal Receivables (end of month) 1,288,650,386.90
Total Portfolio Recoveries
Gross Recoveries 1,542,968.23
Recoveries Net of Expenses 896,417.98
Total Portfolio Finance Charge Collections
Finance Charge Collections 23,107,508.27
Finance Charge Collections with Recoveries 24,003,926.25
Investor Interest 259,740,260.00
Adjusted Investor Interest 259,740,260.00
Class A Investor Interest 200,000,000.00
Class A Adjusted Investor Interest 200,000,000.00
Class B Investor Interest 59,740,260.00
Floating Investor Percentage 19.91%
Class A Floating Allocation 77.00%
Class B Floating Allocation 23.00%
Fixed Investor Percentage N/A
Class A Fixed Allocation N/A
Class B Fixed Allocation N/A
5.2(a)(vi) Delinquent Accounts
Exhibit 20.1
30-59 Days Delinquent 59,910,155.00
60-89 Days Delinquent 18,138,700.00
90 + Days Delinquent 32,347,118.00
5.2(a)(vii) Aggregate Investor Default Amount 1,876,441.31
Class A Investor Default Amount 1,444,859.81
Class B Investor Default Amount 431,581.50
5.2(a)(viii) on an aggregate basis:
Class A Investor Charge-Offs 0.00
Class B Investor Charge-Offs 0.00
per $1,000 original principal amount per Certificate:
Class A Investor Charge-Offs 0.00
Class B Investor Charge-Offs 0.00
5.2(a)(ix) on an aggregate basis:
Class A Investor Charge-Offs reimbursed 0.00
Class B Investor Charge-Offs reimbursed 0.00
per $1,000 original principal amount per Certificate:
Class A Investor Charge-Offs reimbursed 0.00
Class B Investor Charge-Offs reimbursed 0.00
5.2(a)(x) on an aggregate basis:
Class A Servicing Fee 333,333.33
Class B Servicing Fee 0.00
5.2(a)(xi) Portfolio Yield 13.41%
5.2(a)(xii) Reallocated Class B Principal Collections 0.00
Exhibit 20.1
5.2(a)(xiii) Class B Investor Interest 59,740,260.00
5.2(a)(xiv) LIBOR for Interest Period 1.82313%
5.2(a)(xv) Principal Funding Account Balance 0.00
5.2(a)(xvi) Accumulation Shortfall 0.00
5.2(a)(xvii) Principal Funding Account Investment Proceeds 0.00
5.2(a)(xviii) Principal Funding Investment Shortfall 0.00
5.2(a)(xix) on an aggregate basis:
Class A Available Funds 3,679,906.50
5.2(a)(xx) Class A Certificate Rate 2.09313%
Other items
Number of Accounts (beginning of month) 2,406,430
Number of Accounts (end of month) 2,429,819
Collateral Performance
Total Payment Rate 15.98%
Portfolio Yield (Gross) 22.08%
Excess Spread (current month)* 10.31%
Excess Spread (previous month) 10.71%
Excess Spread (2 months previous) 9.36%
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Excess Spread (3 month rolling Average) 10.13%
* Please note that Excess Spread is calculated
on a cash basis and may be higher than Spread
to Base Rate in any given month. Spread to
Base Rate assumes coupon and servicing fee
are allocated based upon the entire invested
amount.
Defaults 8.67%
30-59 Days Delinquent 4.59%
60-89 Days Delinquent 1.39%
Exhibit 20.1
90 + Days Delinquent 2.48%
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Total Delinquent 8.46%
Principal Payment Rate 14.14%
Pool Balance in $MM (end of month) 1,289
Seller Percent 61.20%
Series Performance Trigger (as defined in Pooling and
Servicing Agreement)
Net Portfolio Yield (current month,
net of Charge-offs) 13.41%
Net Portfolio Yield (previous month) 13.94%
Net Portfolio Yield (2 months previous) 13.54%
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Net Portfolio Yield (3 month rolling average) 13.63%
Base Rate (current month) 4.02%
Base Rate (previous month) 4.19%
Base Rate (2 months previous) 4.18%
Base Rate (3 month rolling average) 4.13%
Spread to Base Rate (current month) 9.39%
Spread to Base Rate (previous month) 9.75%
Spread to Base Rate (2 months previous) 9.36%
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Spread to Base Rate (3 month rolling average) 9.50%
Base Rate > Portfolio Yield (3 month
rolling average) No
Dillard National Bank
as Servicer
By: ____________________________
Title: Cashier