1
MONTHLY SERVICER'S CERTIFICATE
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST,
SERIES 1995-1
The undersigned, a duly authorized representative of The Neiman Marcus Group,
Inc., as Servicer ("NMG"), pursuant to the Pooling and Servicing Agreement,
dated as of March 1, 1995 (as may be amended, from time to time, the
"Agreement"), as supplemented by the Series 1995-1 Supplement (as amended and
supplemented, the "Series Supplement"), each among NMG, Neiman Marcus Funding
Corporation and The Chase Manhattan Bank, N.A., does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or the Series Supplement, as
applicable.
2. NMG is, as of the date hereof, the Servicer under Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on March
15, 2000.
5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations
under the Agreement through the Monthly Period preceding such
Distribution Date.
6. As of the date hereof, to the best knowledge of the undersigned, no
Early Amortization Event occurred on or prior to such Distribution
Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
lien has been placed on any of the Receivables other than pursuant to
the Agreement.
8. The aggregate amount of Collections processed for the preceding
Monthly Period was equal to $143,444,934.05.
9. The aggregate amount of Collections of Finance Charge Receivables
(including Discounted Receivables) for the preceding Monthly period
was equal to $7,908,223.60.
10. The aggregate amount of Collections of Principal Receivables for the
preceding Monthly Period was equal to $135,536,710.45.
11. The total amount to be distributed to Investor Certificateholders on
the next succeeding Distribution Date is equal to $38,348,125.00.
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12. The amount to be distributed to Investor Certificateholders on the
next succeeding Distribution Date per $1,000 original principal amount
is equal to:
Class A 169.833
Class B 6.458
13. The amount of such distribution allocable to principal is equal to
$37,500,000.00.
14. The amount of such distribution allocable to principal per $1,000
original principal amount is equal to:
Class A 166.6666
Class B 0.0000
15. The amount of such distribution allocable to interest is equal to
$1,085,625.00.
16. The amount of such distribution allocable to interest per $1,000
original principal amount is equal to:
Class A 3.1667
Class B 6.458
Attached hereto is a true and correct copy of the Monthly Certificateholders
Statement required to be delivered by the Servicer on the date of this
Certificate pursuant to the Agreement and the Series Supplement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 9th day of March 2000.
THE NEIMAN MARCUS GROUP, INC.
As Servicer
BY: /s/ Paul F. Gibbons
-------------------------------
Name: Paul F. Gibbons
Title: Vice President and Treasurer
3
MONTHLY CERTIFICATEHOLDER'S STATEMENT
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST
SERIES 1995-1
1.
Pursuant to the Pooling and Servicing Agreement, dated as of March 1, 1995 (as
may be amended, from time to time, the "Agreement"), as supplemente Series
1995-1 Supplement (as amended and Supplemented, the "Series Supplement"), each
among The Neiman Marcus Group, Inc., as Servicer, Neiman Mar Funding
Corporation, as Seller and The Chase Manhattan Bank, N.A., as Trustee, the
Servicer is required to prepare certain information each month distributions to
Certificateholders and the performance of the Trust. The information with
respect to the applicable Distribution Date and Monthl is set forth below.
Monthly Period: February 00
Distribution Date: March 00
Period 60
(Revolving = 0-56,
Controlled Amortization = 57-62)
A. ORIGINAL DEAL PARAMETERS
(a) Class A Initial Invested Amount $225,000,000.00 75.00%
(b) Class B Initial Invested Amount $ 21,000,000.00 7.00%
(c) Class C Initial Invested Amount $ 54,000,000.00 18.00%
(d) Total Initial Invested Amount $300,000,000.00
(e) Class A Certificate Rate 7.60%
(f) Class B Certificate Rate 7.75%
(g) Class C Certificate Rate 0.00%
(h) Servicing Fee Percentage 2.00%
(i) Discount Percentage 2.00%
I. RECEIVABLES IN THE TRUST
(a) Beginning of the Period Principal Receivables $439,884,141.92
(b) Beginning of the Period Finance Charge Receivables $ 5,786,483.95
(c) Beginning of the Period Discounted Receivables $ 8,977,227.39
(d) Beginning of the Period Total Receivables (a + b + c) $454,647,853.26
(e) Removed Principal Receivables $ 0.00
(f) Removed Finance Charge Receivables $ 0.00
(g) Removed Total Receivables (e + f) $ 0.00
(h) Additional Principal Receivables $ 0.00
(i) Additional Finance Charge Receivables $ 0.00
(j) Additional Total Receivables (h + i) $ 0.00
(k) End of Period Principal Receivables $414,918,366.82
(l) End of Period Finance Charge Receivables $ 5,379,190.21
(m) End of Period Discounted Receivables $ 8,467,721.77
(n) End of Period Total Receivables (k+l + m) $428,765,278.80
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MONTHLY CERTIFICATEHOLDER'S STATEMENT
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST
SERIES 1995-1
2.
II. INVESTED AMOUNTS AND ALLOCATION PERCENTAGES
(a) Class A Initial Invested Amount $225,000,000.00 75.00%
(b) Class B Initial Invested Amount $21,000,000.00 7.00%
(c) Class C Initial Invested Amount $54,000,000.00 18.00%
(d) Total Initial Invested Amount (a + b + c) $300,000,000.00
(e) Class A Invested Amount (a - (X.d)) $112,500,000.00 60.00%
(f) Class B Invested Amount (b - (X.h)) $21,000,000.00 11.20%
(g) Class C Invested Amount (c - (X.l)) $54,000,000.00 28.80%
(h) Total Invested Amount (e + f + g) $187,500,000.00
(i) Floating Allocation Percentage (h / (I.a)) 42.62%
(j) Class A Floating Allocation Percentage (e / (I.a)) 25.57%
(k) Class B Floating Allocation Percentage (f/ (I.a)) 4.77%
(l) Class C Floating Allocation Percentage (g / (I.a)) 12.28%
(m) Principal Allocation Percentage (d / (I.a)) 68.20%
(n) Class A Principal Allocation Percentage (a / (I.a)) 51.15%
(o) Class B Principal Allocation Percentage (b / (I.a)) 4.77%
(p) Class C Principal Allocation Percentage (c / (I.a)) 12.28%
(q) Servicing Fee (h * (A.h)) $3,750,000
(r) Investor Defaulted Amount (i * (IV.o)) $516,882
III. SELLER'S INTEREST, RETAINED INTEREST AND SPECIAL FUNDING ACCOUNT
(a) Beginning Seller's Interest (I.a - II.h) $252,384,141.92
(b) Ending Seller's Interest (I.k - II.h) $227,418,366.82
(c) Required Seller's Interest $0.00
(d) Retained Interest (II.g + III.b) $281,418,366.82
(e) Required Retained Interest (.02 x II.h) $3,750,000.00
(f) Required Principal Balance $187,500,000.00
(g) Amount on deposit in Special Funding Account $37,500,000.00
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MONTHLY CERTIFICATEHOLDER'S STATEMENT
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST
SERIES 1995-1
3.
IV. PERFORMANCE SUMMARY
COLLECTIONS:
(a) Collections of Principal Receivables $135,536,710.45
(b) Collections of Finance Charge Receivables $5,142,168.28
(c) Collections of Discount Option Receivables $2,766,055.32
(d) Total Finance Charge Collections (b+c) $7,908,223.60
(e) Total Collections (a+b+c) $143,444,934.05
DELINQUENCIES AND LOSSES:
(f) End of the month delinquencies:
(g) 30 days delinquent $80,460,989
(h) 60 days delinquent $17,533,622
(i) 90 days delinquent $4,469,316
(j) 120 + days delinquent $3,819,400
(k) Total 30 + days delinquent (g + h + i + j ) $106,283,328
(l) Gross Charge-Offs during the month $1,618,217.86
(m) Recoveries during the month $405,588.11
(n) Net Charge-Offs during the month (l - m) $1,212,629.75
(o) Defaulted Amount $1,212,630
V. EMPLOYEE AND NON-U.S. ACCOUNTS
Amount # of Accounts
(a) Employee Accounts at end of month $9,955,600 14,011
(b) as a percentage of total (a / (e)) 2.32% 0.47%
(c) Non-US Accounts at end of month $7,438,537 40,419
(d) as a percentage of total (c / (e)) 1.73% 1.34%
(e) Total amount/number of Accounts in Trust (at end of month) $428,765,278.80 3,007,428
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MONTHLY CERTIFICATEHOLDER'S STATEMENT
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST
SERIES 1995-1
4.
VI. AVAILABLE SERIES 1995-1 FINANCE CHARGE COLLECTIONS
(a) Available Series 1995-1 Finance Charge Collections (((IV.d))*II.i) $3,370,869
(b) Class A Interest (((A.e)*(II.e)) / 12) $712,500
(c) Class B Interest (((A.f)*(II.f)) / 12) $135,625
(d) Servicing Fee [if not Neiman Marcus] $0
(e) AB Investor Defaulted Amount ((IV.o * (II.j + II.k))) $368,020
(f) Class C Investor Defaulted Amount ((IV.o * (II.l)) $148,862
(g) Adjustment Payment Shortfalls $0
(h) Reimbursement of Class A Investor Charge-Offs $0
(i) Unpaid Class B Interest $0
(j) Reimbursement of Class B Investor Charge-Offs $0
(k) Reimbursement of Class C Investor Charge-Offs $0
(l) Servicing Fee [if Neiman Marcus] $312,500
(m) Class C Interest $0
(n) Total Excess Finance Charge Collections $1,693,363
(a-b-c-d-e-f-g-h-i-j-k-l-m)
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MONTHLY CERTIFICATEHOLDER'S STATEMENT
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST
SERIES 1995-1
5.
VII. YIELD and BASE RATE
Base Rate
(The sum of the Class A Certificate Rate, Class B Certificate Rate, and Class C
Certificate Rate weighted by the unpaid principal amount of each, plus the
servicing fee rate)
(a) Base Rate (current month) 7.43%
(b) Base Rate (prior month) 7.79%
(c) Base Rate (2 months ago) 8.05%
(d) 3 Month Average Base Rate 7.76%
Portfolio Yield
(Series 1995-1 Finance Charge Collections minus the investor defaulted amount/total invested amount)
(e) Portfolio Yield (current month) 18.27%
(f) Portfolio Yield (prior month) 17.18%
(g) Portfolio Yield (2 months ago) 15.75%
(h) 3 Month Average Portfolio Yield 17.07%
VIII. PORTFOLIO PERFORMANCE RATES
(a) Net Charge-Offs (% of Principal Receivables Outstanding (at beginning of month)) 3.31%
(b) Monthly Payment Rate (% of Total Receivables Outstanding (at beginning of month)) 31.55%
(c) Gross Yield to Investors (annualized) 20.87%
(d) Portfolio Yield (3 month average (annualized)) 17.07%
(e) Base Rate (3 month average) 7.76%
(f) Excess Finance Charge Collections % (d-e) 9.31%
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MONTHLY CERTIFICATEHOLDER'S STATEMENT
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST
SERIES 1995-1
6.
IX. PRINCIPAL COLLECTIONS
(a) Class A Principal Allocation Percentage (II.a/I.a) 51.15%
(b) Class A Monthly Principal $69,326,800
(c) Class B Principal Allocation Percentage (II.f/I.a) 4.77%
(d) Class B Monthly Principal $6,470,501
(e) Class C Principal Allocation Percentage (II.g/I.a) 12.28%
(f) Class C Monthly Principal $16,638,432
(g) Total Monthly Principal (b + d + f) $92,435,733
(h) Reallocated Principal Collections $0.00
(i) Shared Principal Collections allocable from other Series $0.00
X. INVESTOR CHARGE-OFFS
CLASS A INVESTOR CHARGE-OFFS
(a) Class A Investor Charge-Offs $0.00
(b) Class A Investor Charge-Offs per $1,000 original certificate principal amount $0.00
(c) Total amount reimbursed in respect of Class A Investor Charge-Offs $0.00
(d) The amount, if any, by which the outstanding principal balance of the Class A Certificates $0.00
exceeds the Class A Invested Amount after giving effect to all transactions
on such Distribution Date.
CLASS B INVESTOR CHARGE-OFFS
(e) Class B Investor Charge-Offs $0.00
(f) Class B Investor Charge-Offs per $1,000 original certificate principal amount $0.00
(g) Total amount reimbursed in respect of Class B Investor Charge-Offs $0.00
(h) The amount, if any, by which the outstanding principal balance of the Class B Certificates $0.00
exceeds the Class B Invested Amount after giving effect to all transactions
on such Distribution Date.
CLASS C INVESTOR CHARGE-OFFS
(i) Class C Investor Charge-Offs $0.00
(j) Class C Investor Charge-Offs per $1,000 original certificate principal amount $0.00
(k) Total amount reimbursed in respect of Class C Investor Charge-Offs $0.00
(l) The amount, if any, by which the outstanding principal balance of the Class C Certificates $0.00
exceeds the Class C Invested Amount after giving effect to all transactions
on such Distribution Date.
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MONTHLY CERTIFICATEHOLDER'S STATEMENT
THE NEIMAN MARCUS GROUP, INC.
NEIMAN MARCUS GROUP CREDIT CARD MASTER TRUST
SERIES 1995-1
7.
XI. AMORTIZATION
(a) Cumulative Class A principal paid (as of prior distribution dates) $75,000,000.00
(b) Class A Principal Payments $37,500,000.00
(c) Total Class A Principal Paid (a + b) $112,500,000.00
(d) Cumulative Class B principal paid (as of prior distribution dates) $0.00
(e) Class B Principal Payments $0.00
(f) Total Class B Principal Paid (d + e) $0.00
(g) Cumulative Class C Principal Paid (as of prior distribution dates) $0.00
(h) Class C Principal Payments $0.00
(i) Total Class C Principal Paid (g + h) $0.00
The Neiman Marcus Group, Inc., as Servicer
By: /s/ Paul F. Gibbons
Name: Paul F. Gibbons