EXHIBIT 99.1
CC MASTER CREDIT CARD TRUST II
Excess Spread Analysis - October 2001
- ----------------------------------------------------------------------------------------------------------
Series 1995-A 1995-C 1996-A 1996-C 1998-A
Deal Size $400 MM $400 MM $407.25 MM $271.50 MM $600 MM
Expected Maturity 08/15/02 02/18/03 11/15/01 02/16/04 09/15/03
- ----------------------------------------------------------------------------------------------------------
Yield 21.79% 21.79% 22.23% 21.79% 21.79%
Less: Coupon 2.78% 2.80% 3.23% 2.76% 2.79%
Servicing Fee 1.50% 1.50% 1.15% 1.50% 1.50%
Net Credit Losses 9.10% 9.10% 9.10% 9.10% 9.10%
Excess Spread:
October-01 8.41% 8.39% 8.76% 8.43% 8.40%
September-01 5.21% 5.20% 5.15% 5.23% 5.20%
August-01 7.54% 7.53% 8.43% 7.56% 7.53%
Three month Average Excess Spread 7.05% 7.04% 7.45% 7.07% 7.04%
Delinquency:
30 to 59 days 2.49% 2.49% 2.49% 2.49% 2.49%
60 to 89 days 1.62% 1.62% 1.62% 1.62% 1.62%
90 + days 2.93% 2.93% 2.93% 2.93% 2.93%
Total 7.04% 7.04% 7.04% 7.04% 7.04%
Payment Rate 13.59% 13.59% 13.59% 13.59% 13.59%