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 October 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 356,930.56
Class B Monthly Interest 0.00
per $1,000 original principal amount per Certificate:
Class A Monthly Interest 1.78
Class B Monthly Interest ___________ 0.00
5.2(a)(iii) Collections of Principal Receivables allocated to Class A 12,771,084.34
Collections of Principal Receivables allocated to Class B 8,716,870.13
5.2(a)(iv) Collections of Finance Charge Receivables allocated to Class A 3,705,348.85
Collections of Finance Charge Receivables allocated to Class B 1,106,792.52
5.2(a)(v) Principal Receivables (beginning of month) 1,288,650,386.90
Gross Credit Sales 204,450,692.54
Principal Payments (188,030,619.04)
Returns (29,465,240.83)
Principal Defaults (9,806,148.35)
Ineligible Principal Receivables 0.00
Actual Misc. Adjustments 0.00
Principal Receivables (end of month) 1,265,799,071.22
Total Portfolio Recoveries
Gross Recoveries 1,519,658.52
Recoveries Net of Expenses 1,182,055.71
Total Portfolio Finance Charge Collections
Finance Charge Collections 22,692,440.45
Finance Charge Collections with Recoveries 23,874,496.16
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 20.16%
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
30-59 Days Delinquent 59,683,639.00
60-89 Days Delinquent 19,618,777.00
90+ Days Delinquent 33,934,738.00
5.2(a)(vii) Aggregate Investor Default Amount 1,976,526.41
Class A Investor Default Amount 1,521,925.33
Class B Investor Default Amount 454,601.08
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 13.10%
5.2(a)(xii) Reallocated Class B Principal Collections 0.00
5.2(a)(xiii) Class B Investor Interest 59,740,260.00
5.2(a)(xiv) LIBOR for Interest Period 1.80250%
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 3,705,348.85
5.2(a)(xx) Class A Certificate Rate 2.07250%
Other items
Number of Accounts (beginning of month) 2,429,819
Number of Accounts (end of month) 2,357,054
Collateral Performance
Total Payment Rate 16.44%
Portfolio Yield (Gross) 22.23%
Excess Spread (current month)* 9.91%
Excess Spread (previous month) 10.31%
Excess Spread (2 months previous) 10.71%
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Excess Spread (3 month rolling Average) 10.31%
* 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 9.13%
30-59 Days Delinquent 4.63%
60-89 Days Delinquent 1.52%
90+ Days Delinquent 2.63%
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Total Delinquent 8.79%
Principal Payment Rate 14.59%
Pool Balance in $MM (end of month) 1,266
Seller Percent 63.03%
Series Performance Trigger (as defined in Pooling and Servicing
Agreement)
Net Portfolio Yield (current month, net of Charge-offs) 13.10%
Net Portfolio Yield (previous month) 13.41%
Net Portfolio Yield (2 months previous) 13.94%
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Net Portfolio Yield (3 month rolling average) 13.48%
Base Rate (current month) 4.14%
Base Rate (previous month) 4.02%
Base Rate (2 months previous) 4.19%
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Base Rate (3 month rolling average) 4.12%
Spread to Base Rate (current month) 8.96%
Spread to Base Rate (previous month) 9.39%
Spread to Base Rate (2 months previous) 9.75%
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Spread to Base Rate (3 month rolling average) 9.37%
Base Rate > Portfolio Yield (3 month rolling average) No
Dillard National Bank, as Servicer
By: ____________________________________
Title: Cashier