MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
SERIES 1996-1
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and restated on February 5, 2002, the ("Agreement") as
supplemented by the Series 1996-1 Supplement dated as of June 1, 1996 (as
amended and supplemented, the "Series Supplement"), between Chase Manhattan Bank
USA, National Association as Servicer, Card Acquisition Funding LLC as
Transferor, and The Bank of New York, Trustee, Chase Manhattan Bank USA,
National Association as Servicer is required to prepare certain information each
month regarding current distributions to Senior Certificateholders and the
Collateral Interest Holder and the performance of the Providian Master Trust
(the "Trust") during the previous month. The information which is required to be
prepared for the Series 1996-1 Certificates with respect to the Distribution
Date occuring on August 15, 2002, and with respect to the performance of the
Trust during the month of July the performance of the Trust during the month of
July is set forth below. Certain of the information is presented on the basis of
an original Principal amount of $1,000 per $1,000 per Investor Certificate.
Certain other information is presented based on the aggregate amounts for the
Trust as a whole. Capitalized terms used in this Certificate have their
respective meanings set forth in the Agreement or Series Supplement, as
applicable.
A) Information Regarding the Current Monthly Distribution for the Series
1996-1 Senior Certificates (stated on the basis of $1,000 original
certificate principal amount)
(1) The total amount distributed to Senior Certificateholders per $1,000 original
certificate principal amount $1.729757
(2) The amount set forth in A(1) above distributed to Senior Certificateholders with
respect to interest per $1,000 original certificate principal amount $1.729757
(3) The amount set forth in A(1) above distributed to Senior Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 1996-1 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the
Monthly Period immediately preceding the Distribution Date $102,145,866.26
(b) The aggregate amount of Interchange collected and allocated to the Trust
for the Monthly Period immediately preceding the Distribution Date $7,483,071.50
(c) The aggregate amount of Principal Receivables collected during the
Monthly Period immediately preceding the Distribution Date $561,549,541.97
(d) The Floating Allocation Percentage with respect to the Series 1996-1
Certificates for the Monthly Period immediately preceding the Distribution
Date 13.560394%
(e) The Principal Allocation Percentage with respect to the Series 1996-1
Certificates for the Monthly Period immediately preceding the Distribution
Date 13.560394%
1
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Series 1996-1 Monthly Statement
August 15, 2002 Distribution Date
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(f) The Finance Charge Receivables and Interchange collected and allocated
to the Series 1996-1 Certificates for the Monthly Period immediately
preceding the Distribution Date $14,866,115.68
(g) The Principal Receivables collected and allocated to the Series 1996-1
Certificates for the Monthly Period immediately preceding the Distribution
Date $76,148,329.30
(2) Available Finance Charge Collections and Reallocated Principal Collections for Series
1996-1 for the Monthly Period immediately preceding the Distribution Date
(a) The Finance Charge Receivables and Interchange collected and allocated to
the Series 1996-1 Certificates $14,866,115.68
(b) Collection Account and Special Funding Account investment earnings
allocated to the Series 1996-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Prefunding Account Investment Proceeds $0.00
(e) Reserve Account withdrawals, if applicable $0.00
(f) Additional Finance Charges from other Series allocated to the Series
1996-1 Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from
any Interest Rate Protection Agreements $0.00
(h) Reallocated Principal Collections $0.00
(i) Total Available Finance Charge Collections and Reallocated Principal
Collections for Series 1996-1 (total of (a), (b), (c), (d), (e), (f),
(g) and (h) above) $14,866,115.68
(3) Available Principal Collections for Series 1996-1 for the Monthly Period immediately
preceding the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 1996-1
Certificates $76,148,329.30
(b) Shared Principal Collections from other Series allocated to the Series
1996-1 Certificates $0.00
(c) Additional amounts to be treated as Available Principal Collections
pursuant to the Series Supplement $6,183,166.32
2
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Series 1996-1 Monthly Statement
August 15, 2002 Distribution Date
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(d) Reallocated Principal Collections $0.00
(e) Available Principal Collections for Series 1996-1 (total of (a), (b) and
(c) minus (d) above) $82,331,495.62
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were
delinquent as of the close of business on the last day of the
Monthly Period immediately preceding the Distribution Date.
(a) 30-59 days $123,689,558
(b) 60-89 days 86,304,828
(c) 90 or more days 164,029,300
-----------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust
for the Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed
during the Monthly Period immediately preceding the Distribution Date $9,450,935.32
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date allocable to the Series 1996-1 Certificates (the
"Series 1996-1 Defaulted Amount") $6,183,166.32
(e) The Senior Defaulted Amount [Series 1996-1 Defaulted Amount multiplied by
the Senior Percentage] $4,884,701.39
(6) Senior Charge-Offs
(a) The excess, if any, of the Senior Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Senior Defaulted
Amount, (ii) Reallocated Principal Collections and (iii) the amount by
which the Collateral Invested Amount has been reduced in respect of such
Senior Defaulted Amount (a "Senior Charge-Off") $0.00
(b) The amount of the Senior Charge-Off set forth in item 6(a) above, per
$1,000 original certificate principal amount (which will have the effect
of reducing, pro rata, the amount of each Senior Certificateholder's
investment) $0.0000000
(c) The total amount reimbursed on the Distribution Date in respect of
Senior Charge-Offs for prior Distribution Dates $0.00
3
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Series 1996-1 Monthly Statement
August 15, 2002 Distribution Date
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(d) The amount set forth in item 6(c) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the
amount of each Senior Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the
Senior Certificates exceeds the Senior Invested Amount and the Senior Initial
Percentage of the Prefunding Account Balance, if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions
on such Distribution Date $0.00
(7) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over Available
Finance Charge Collections applied to such Collateral Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced on
the Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on
the Distribution Date in respect of the unpaid Required Amount $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced
on the Distribution Date as set forth in items 7(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of
reductions in the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Collateral
Interest exceeds the Collateral Invested Amount and the Collateral Percentage
of the Prefunding Account Balance, if any, as of the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on the Distribution
Date $0.00
(8) Investor Monthly Servicing Fee
The amount of the Series 1996-1 Monthly Servicing Fee payable to the Servicer on
the Distribution Date $1,583,333.33
(9) Prefunding Account
(a) The Prefunding Account Balance on the Distribution Date $0.00
(b) The Senior Percentage of the Prefunding Account Balance on the Distribution
Date $0.00
(c) The Collateral Percentage of the Prefunding Account Balance on the
Distribution Date $0.00
4
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Series 1996-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------------
(10) Senior Monthly Interest
(a) Senior Monthly Interest payable on the Distribution Date $1,298,182.59
(11) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently scheduled to
commence on the Distribution Date occurring in January 2003. (The
initial funding date for the Principal Funding Account may be modified in
certain circumstances in accordance with the terms of the Series
Supplement.) 0.00
(12) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(13) Reserve Account (if applicable)
(a) The amount on deposit in the Reserve Account, if funded, on the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date and the related Transfer Date 0.00
(b) The Required Reserve Account Amount, if any, selected by the Servicer 0.00
C) Senior Invested Amount
(1) The Senior Invested Amount and the Senior Percentage of the Prefunding Account
Balance on the date of issuance (the "Senior Initial Amount") $750,500,000.00
(2) The Senior Invested Amount and the Senior Percentage of the Prefunding Account
Balance, if any, on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $750,500,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the
Senior Invested Amount and the Senior Percentage of the Prefunding Account
Balance, if any, as of such Distribution Date, after giving effect to any
adjustment in the Senior Invested Amount on such Distribution Date, to the
Senior Initial Amount). The amount of a Senior Certificateholder's pro rate
share of the Senior Invested Amount and the Prefunding Account Balance, if any,
can be determined by multiplying the original denomination of the Senior
Certificateholder's Certificate by the Pool Factor 1.000000
5
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Series 1996-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------------
D) Collateral Invested Amount
(1) The Collateral Invested Amount and the Collateral Percentage of the Prefunding
Account Balance on the date of issuance $199,500,000.00
(2) The Collateral Invested Amount and the Collateral Percentage of the Prefunding
Account Balance, if any, on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $199,500,000.00
(3) The Collateral Invested Amount as a percentage of the sum of the Collateral
Invested Amount and the Senior Invested Amount on such Distribution Date 21.00%
E) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period $134,693,368
F) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 1996-1
Certificates for the preceding Monthly Period (excluding payments received from
Interest Rate Protection Agreements) divided by the Invested Amount of the
Series 1996-1 Certificates and the Prefunding Account balance, if any, as of the
last day of the next preceding Monthly Period, multiplied by 12) 18.78%
(2) The Net Loss Rate (the Series 1996-1 Defaulted Amount for the preceding Monthly
Period divided by the Invested Amount of the Series 1996-1 Certificates and the
Prefunding Account balance, if any, as of the last day of the next preceding
Monthly Period, multiplied by 12) 7.81%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series
1996-1 Certificates for the preceding Monthly Period) 10.97%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an assumed
Servicing Fee Rate of 2% per annum) for the preceding Monthly Period with
respect to the related Distribution Date, divided by the Invested Amount of the
Series 1996-1 Certificates and the Prefunding Account Balance, if any, as of the
last day of the next preceding Monthly Period, multiplied by 12) 4.18%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1996-1
Certificates for the preceding Monthly Period) 6.79%
6
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Series 1996-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------------
(6) The Monthly Payment Rate (Collections of Principal Receivables
and Finance Charge Receivables with respect to all Receivables
in the Trust for the preceding Monthly Period divided by the
amount of Receivables in the Trust as of
the last day of the next preceding Monthly Period) 9.39%
G) Series 1996-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 18.78%
b) 07/15/02 17.61%
c) 06/17/02 19.48%
2) Net Loss Rate
a) 08/15/02 7.81%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 6.79%
b) 07/15/02 4.68%
c) 06/17/02 5.47%
Three Month Average 5.65%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By:
---------------------------------
Name: Patricia Garvey
Title: Vice President
7
MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
SERIES 1997-2
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and restated on February 5, 2002, "the Agreement"), as
supplemented by the Series 1997-2 Supplement dated as of March 1, 1997 (as
amended and supplemented, the "Series Supplement"), between Card Acquisition
Funding LLC as Transferor, Chase Manhattan Bank USA, National Association as
Servicer, and The Bank of New York, Trustee, Chase Manhattan Bank USA, National
Association as Servicer is required to prepare certain information each month
regarding current distributions to Class A Certificateholders, Class B
Certificateholders and the Collateral Interest Holder and the performance of the
Providian Master Trust (the "Trust") during the previous month. The information
which is required to be prepared for the Series 1997-2 Certificates with respect
to the Distribution Date occurring on August 15, 2002, and with respect to the
performance of the Trust during the month of July is set forth below. Certain of
the information is presented on the basis of an original principal amount of
$1,000 per Investor Certificate. Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement or Series
Supplement as applicable.
A) Information Regarding the Current Monthly Distribution for the Series
1997-2 Class A Certificates and Class B Certificates (stated on the
basis of $1,000 original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original
certificate principal amount $1.678090
(2) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to interest per $1,000 original certificate principal amount $1.678090
(3) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original
certificate principal amount $1.850313
(5) The amount set forth in A(4) above distributed to Class B Certificateholders with
respect to interest per $1,000 original certificate principal amount $1.850313
(6) The amount set forth in A(4) above distributed to Class B Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 1997-2 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the Monthly
Period immediately preceding the Distribution Date $102,145,866.26
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $7,483,071.50
1
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Series 1997-2 Monthly Statement
August 15, 2002 Distribution Date
-------------------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly
Period immediately preceding the Distribution Date $561,549,541.97
(d) The Floating Allocation Percentage with respect to the Series 1997-2
Certificates for the Monthly Period immediately preceding the Distribution Date 9.991869%
(e) The Principal Allocation Percentage with respect to the Series 1997-2
Certificates for the Monthly Period immediately preceding the Distribution Date 9.991869%
(f) The Finance Charge Receivables and Interchange collected and allocated to the
Series 1997-2 Certificates for the Monthly Period immediately preceding the
Distribution Date $10,953,979.98
(g) The Principal Receivables collected and allocated to the Series 1997-2
Certificates for the Monthly Period immediately preceding the Distribution Date $56,109,295.27
(2) Available Finance Charge Collections, Required Draw Amount and Reallocated Principal
Collections for Series 1997-2 for the Monthly Period immediately preceding the
Distribution Date
(a) The Finance Charge Receivables and Interchange collected and allocated to the
Series 1997-2 Certificates $10,953,979.98
(b) Collection Account and Special Funding Account investment earnings allocated to
the Series 1997-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Cash Collateral Account Investment Proceeds $29,801.15
(e) Reserve Draw Amount, if applicable $0.00
(f) Additional Finance Charges from other Series allocated to the Series 1997-2
Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from any
Interest Rate Protection Agreements $0.00
(h) Required Draw Amount, if applicable $0.00
(i) Reallocated Collateral Principal Collections $0.00
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated Principal Collections
for Series 1997-2 (total of (a), (b), (c), (d), (e), (f), (g), (h), (i)
and (j) above) $10,983,781.13
2
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Series 1997-2 Monthly Statement
August 15, 2002 Distribution Date
-------------------------------------
(3) Available Principal Collections for Series 1997-2 for the Monthly Period immediately
preceding the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 1997-2
Certificates $56,109,295.27
(b) Shared Principal Collections from other Series allocated to the Series 1997-2
Certificates $0.00
(c) Additional amounts to be treated as Available Principal Collections pursuant to
the Series Supplement $4,556,017.29
(d) Reallocated Collateral Principal Collections $0.00
(e) Reallocated Class B Principal Collections $0.00
(f) Available Principal Collections for Series 1997-2 (total of (a), (b) and (c)
minus (d) and (e) above) $60,665,312.56
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were
delinquent as of the close of business on the last day of the
Monthly Period immediately preceding the Distribution Date.
(a) 30-59 days $123,689,558
(b) 60-89 days 86,304,828
(c) 90 or more days 164,029,300
------------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $9,450,935.32
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date allocable to the Series 1997-2 Certificates (the "Series
1997-2 Defaulted Amount") $4,556,017.29
(e) The Class A Defaulted Amount [Series 1997-2 Defaulted Amount multiplied by the
Class A Percentage] $3,713,154.09
(f) The Class B Defaulted Amount [Series 1997-2 Defaulted Amount multiplied by the
Class B Percentage] $432,821.64
3
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Series 1997-2 Monthly Statement
August 15, 2002 Distribution Date
-------------------------------------
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class A Defaulted Amount,
(ii) the Available Cash Collateral Amount applied to such Class A Defaulted
Amount, (iii) Reallocated Principal Collections applied to such Class A
Defaulted Amount, (iv) the amount by which the Collateral Invested Amount has
been reduced in respect of such Class A Defaulted Amount and (v) the amount by
which the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing,
pro rata, the amount of each Class A Certificateholder's investment) $0.000000
(c) The total amount reimbursed on the Distribution Date in respect of Class A
Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the amount
of each Class A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class B Defaulted Amount
applied to such Class B Defaulted Amount, (ii) the Available Cash Collateral
Amount, (iii) Reallocated Collateral Principal Collections applied to such Class
B Defaulted Amount and (iv) the amount by which the Collateral Invested Amount
has been reduced in respect of such Class B Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Class B Principal Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of item 6(a) (together with item 7(a), "Class B
Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and(C) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate
principal amount (which will have the effect of reducing, pro rata, the amount
of each Class B Certificateholder's investment) $0.000000
4
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Series 1997-2 Monthly Statement
August 15, 2002 Distribution Date
-------------------------------------
(f) The total amount reimbursed on the Distribution Date in respect of reductions in $0.00
the Class B Invested Amount on prior Distribution Date
(g) The amount set forth in item 7(f) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the amount
of each Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over Available Finance
Charge Collections applied to such Collateral Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced on the
Distribution Date as set forth in items 8(a), (b) and ( c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions in
the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Collateral
Interest exceeds the Collateral Invested Amount, if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(9) Investor Monthly Servicing Fee
(a) The amount of the Series 1997-2 Monthly Servicing Fee payable to the Servicer on
the Distribution Date $1,166,666.67
(10) Cash Collateral Account
(a) The Available Cash Collateral Amount on the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on such Distribution Date $21,000,000.00
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $957,350.50
5
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Series 1997-2 Monthly Statement
August 15, 2002 Distribution Date
-------------------------------------
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $123,045.78
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently scheduled to commence on
the Distribution Date occurring in August 2003. (The initial funding date for the
Principal Funding Account may be modified in certain circumstances in accordance
with the terms of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on such Distribution Date $0.00
(15) Reserve Account (if applicable)
(a) The amount on deposit in the Reserve Account, if funded, on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date and the related Transfer Date $0.00
(b) The Required Reserve Account Amount, if any, selected by the Servicer $0.00
(C) Class A Invested Amount
(1) The Class A Initial Invested Amount $570,500,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $570,500,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class A
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in
the Class A Invested Amount on such Distribution Date, to the Class A Initial Invested
Amount). The amount of a Class A Certificateholder's pro rata share of the Class A
Invested Amount can be determined by multiplying the original denomination of the Class
A Certificateholder's Certificate by the Pool Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $66,500,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $66,500,000.00
6
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Series 1997-2 Monthly Statement
August 15, 2002 Distribution Date
-------------------------------------
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class B
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in
the Class B Invested Amount on such Distribution Date, to the Class B Initial Invested
Amount). The amount of a Class B Certificateholder's pro rata share of the Class B
Invested Amount can be determined by multiplying the original denomination of the Class B
Certificateholder's Certificate by the Pool Factor 1.0000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $63,000,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $63,000,000.00
(3) The Collateral Invested Amount as a percentage of the sum of the Invested Amount on such
Distribution Date 9.00%
F) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of business on
the last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of business
on the last day of the immediately preceding Monthly Period $134,693,368
G) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 1997-2 Certificates
for the preceding Monthly Period (excluding payments received from Interest Rate
Protection Agreements) divided by the Invested Amount of the Series 1997-2 Certificates
as of the last day of the next preceding Monthly Period, multiplied by 12) 18.83%
(2) The Net Loss Rate (the Series 1997-2 Defaulted Amount for the preceding Monthly Period
divided by the Invested Amount of the Series 1997-2 Certificates as of the last day of
the next preceding Monthly Period, multiplied by 12) 7.81%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1997-2
Certificates for the preceding Monthly Period) 11.02%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an assumed
Servicing Fee Rate of 2% per annum) for the preceding Monthly Period with respect to the
related Distribution Date, divided by the Invested Amount of the Series 1997-2
Certificates as of the last day of the next preceding Monthly Period, multiplied by 12) 4.09%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1997-2
Certificates for the preceding Monthly Period) 6.93%
7
-------------------------------------
Series 1997-2 Monthly Statement
August 15, 2002 Distribution Date
-------------------------------------
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly
Period divided by the amount of Receivables in the Trust as of the last day of the next
preceding Monthly Period) 9.39%
H) Series 1997-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 18.83%
b) 07/15/02 17.63%
c) 06/17/02 19.53%
2) Net Loss Rate
a) 08/15/02 7.81%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 6.93%
b) 07/15/02 4.78%
c) 06/17/02 5.62%
Three Month Average 5.78%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By:
----------------------------------
Name: Patricia Garvey
Title: Vice President
8
MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
SERIES 1997-4
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and restated on February 5, 2001, the "Agreement"), as
supplemented by the Series 1997-4 Supplement dated as of November 1, 1997 (as
amended and supplemented, the "Series Supplement"), between Chase Manhattan Bank
USA, National Association as Servicer, Card Acquisition Funding LLC as
Transferor, and The Bank of New York, as Trustee, Chase Manhattan Bank USA,
National Association as Servicer is required to prepare certain information each
month regarding current distributions to Class A Certificateholders, Class B
Certificateholders and the Collateral Interest Holder and the performance of the
Providian Master Trust (the "Trust") during the previous month. The information
which is required to be prepared for the Series 1997-4 Certificates with respect
to the Distribution Date occurring on August 15, 2002, and with respect to the
performance of the Trust during the month of July is set forth below. Certain of
the information is presented on the basis of an original principal amount $1,000
per Investor Certificate. Certain other information is presented based on the
aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement or Series
Supplement, as applicable.
A) Information Regarding the Current Monthly Distribution for the Series
1997-4 Class A Certificates and Class B Certificates (stated on the basis
of $1,000 original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original
certificate principal amount $5.208333
(2) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to interest per $1,000 original certificate principal amount $5.208333
(3) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original
certificate principal amount $5.375000
(5) The amount set forth in A(4) above distributed to Class B Certificateholders with
respect to interest per $1,000 original certificate principal amount $5.375000
(6) The amount set forth in A(4) above distributed to Class B Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 1997-4 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the
Monthly Period immediately preceding the Distribution Date $102,145,866.26
(b) The aggregate amount of Interchange collected and allocated to the Trust for
the Monthly Period immediately preceding the Distribution Date $7,483,071.50
1
----------------------------------------
Series 1997-4 Monthly Statement
August 15, 2002 Distribution Date
----------------------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly
Period immediately preceding the Distribution Date $561,549,541.97
(d) The Floating Allocation Percentage with respect to the Series 1997-4
Certificates for the Monthly Period immediately preceding the Distribution
Date 8.564459%
(e) The Principal Allocation Percentage with respect to the Series 1997-4
Certificates for the Monthly Period immediately preceding the Distribution
Date 8.564459%
(f) The Finance Charge Receivables and Interchange collected and allocated to the
Series 1997-4 Certificates for the Monthly Period immediately preceding the
Distribution Date $9,389,125.69
(g) The Principal Receivables collected and allocated to the Series 1997-4
Certificates for the Monthly Period immediately preceding the Distribution
Date $48,093,681.66
(2) Available Finance Charge Collections, Required Draw Amount and Reallocated Principal
Collections for Series 1997-4 for the Monthly Period immediately preceding the
Distribution Date
(a) The Finance Charge Receivables and Interchange collected and allocated to the
Series 1997-4 Certificates $9,389,125.69
(b) Collection Account and Special Funding Account investment earnings allocated
to the Series 1997-4 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Cash Collateral Account Investment Proceeds $21,287.58
(e) Reserve Draw Amount, if applicable $0.00
(f) Additional Finance Charges from other Series allocated to the Series 1997-4
Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from any
Interest Rate Protection Agreements $0.00
(h) Required Draw Amount, if applicable $0.00
(i) Reallocated Collateral Principal Collections $0.00
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated
Principal Collections for Series 1997-4 (total of (a), (b),
(c), (d), (e), (f), (g), (h), (i) and (j) above) $9,410,413.27
2
----------------------------------------
Series 1997-4 Monthly Statement
August 15, 2002 Distribution Date
----------------------------------------
(3) Available Principal Collections for Series 1997-4 for the Monthly Period immediately
preceding the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 1997-4
Certificates $48,093,681.66
(b) Shared Principal Collections from other Series allocated to the Series 1997-4
Certificates $87,028,660.66
(c) Additional amounts to be treated as Available Principal Collections pursuant
to the Series Supplement $3,905,157.68
(d) Reallocated Collateral Principal Collections $0.00
(e) Reallocated Class B Principal Collections $0.00
(f) Available Principal Collections for Series 1997-4 (total of (a), (b) and (c)
minus (d) and (e) above $139,027,500.00
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were delinquent as of the
close of business on the last day of the Monthly Period immediately preceding the
Distribution Date.
(a) 30-59 days $123,689,558
(b) 60-89 days 86,304,828
(c) 90 or more days 164,029,300
------------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for
the Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during
the Monthly Period immediately preceding the Distribution Date $9,450,935.32
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately
preceding the Distribution Date allocable to the Series
1997-4 Certificates (the "Series
1997-4 Defaulted Amount") $3,905,157.69
(e) The Class A Defaulted Amount (Series 1997-4 Defaulted Amount multiplied by the
Class A Percentage) $3,260,806.66
3
----------------------------------------
Series 1997-4 Monthly Statement
August 15, 2002 Distribution Date
----------------------------------------
(f) The Class B Defaulted Amount (Series 1997-4 Defaulted Amount multiplied by the
Class B Percentage) $312,412.61
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class A Defaulted Amount,
(ii) the Available Cash Collateral Amount applied to such Class A Defaulted
Amount, (iii) Reallocated Principal Collections applied to such Class A
Defaulted Amount, (iv) the amount by which the Collateral Invested Amount has
been reduced in respect of such Class A Defaulted Amount and (v) the amount by
which the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing,
pro rata, the amount of each Class A Certificateholder's investment) $0.000000
(c) The total amount reimbursed on the Distribution Date in respect of Class A
Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original
certificate principal amount (which will have the effect of
increasing, pro rata, the
amount of each Class A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class B Defaulted Amount,
(ii) the Available Cash Collateral Amount, (iii) Reallocated Collateral
Principal Collections applied to such Class B Defaulted Amount and (iv) the
amount by which the Collateral Invested Amount has been reduced in respect of
such Class B Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Class B Principal Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of item 6(a) (together with item 7(a), "Class B
Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and (c ) $0.00
4
----------------------------------------
Series 1997-4 Monthly Statement
August 15, 2002 Distribution Date
----------------------------------------
(e) The amount set forth in item 7(d) above per $1,000 original certificate
principal amount (which will have the effect of reducing, pro rata, the amount
of each Class B Certificateholder's investment) $0.000000
(f) The total amount reimbursed on the Distribution Date in respect of reductions
in the Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original
certificate principal amount (which will have the effect of
increasing, pro rata, the
amount of each Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over
Available Finance $0.00 Charge Collections applied to such
Collateral Defaulted Amount
(b) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced on
the Distribution Date as set forth in items 8(a), (b) and (c ) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions
in the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the
Collateral Interest exceeds the Collateral Invested Amount, if any, as of the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on the Distribution Date $0.00
(9) Investor Monthly Servicing Fee
(a) The amount of the Series 1997-4 Monthly Servicing Fee payable to the Servicer
on the Distribution Date $1,000,000.00
(10) Cash Collateral Account
(a) The Available Cash Collateral Amount on the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on such Distribution $15,000,000.00
Date
5
----------------------------------------
Series 1997-4 Monthly Statement
August 15, 2002 Distribution Date
----------------------------------------
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $2,609,375.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $258,000.00
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on
such Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently
scheduled to commence on the Distribution Date occurring in
September 2002. (The initial funding date for the Principal
Funding Account may be modified in certain circumstances in
accordance with the terms of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on such Distribution Date $0.00
(15) Reserve Account (if applicable)
(a) The amount on deposit in the Reserve Account, if funded, on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on
such Distribution Date and the related Transfer Date $2,505,000.00
(b) The Required Reserve Account Amount, if any, selected by the Servicer $2,505,000.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $501,000,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $501,000,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio
of the Class A Invested Amount, as of such Distribution Date, after
giving effect to any adjustment in the Class A Invested Amount on such
Distribution Date, to the Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share of the Class A Invested
Amount can be determined by multiplying the original denomination of
the Class A Certificateholder's Certificate by the Pool Factor 1.000000
6
----------------------------------------
Series 1997-4 Monthly Statement
August 15, 2002 Distribution Date
----------------------------------------
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $48,000,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $48,000,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class B
Invested Amount, as of such Distribution Date, after giving effect to any adjustment
in the Class B Invested Amount on such Distribution Date, to the Class B Initial
Invested Amount). The amount of a Class B Certificateholder's pro rata share of the
Class B Invested Amount can be determined by multiplying the original denomination of
the Class B Certificateholder's Certificate by the Pool Factor 1.000000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $51,000,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $51,000,000.00
(3) The Collateral Invested Amount as a percentage of the sum of the Invested Amount on
such Distribution Date 8.50%
F) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of business
on the last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period $134,693,368
G) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 1997-4
Certificates for the preceding Monthly Period (excluding payments received from
Interest Rate Protection Agreements) divided by the Invested Amount of the
Series 1997-4 Certificates as of the last day of the next preceding Monthly
Period, multiplied by 12) 18.82%
(2) The Net Loss Rate (the Series 1997-4 Defaulted Amount for the preceding Monthly Period
divided by the Invested Amount of the Series 1997-4 Certificates as of the last day of
the next preceding Monthly Period, multiplied by 12) 7.81%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1997-4
Certificates for the preceding Monthly Period) 11.01%
7
----------------------------------------
Series 1997-4 Monthly Statement
August 15, 2002 Distribution Date
----------------------------------------
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an assumed
Servicing Fee Rate of 2% per annum) for the preceding Monthly Period with respect to
the related Distribution Date, divided by the Invested Amount of the Series 1997-4
Certificates as of the last day of the next preceding Monthly Period, multiplied by 12) 7.94%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1997-4
Certificates for the preceding Monthly Period) 3.07%
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly
Period divided by the amount of Receivables in the Trust as of the last day of the
next preceding Monthly Period) 9.39%
H) Series 1997-4 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 18.82%
b) 07/15/02 17.63%
c) 06/17/02 19.52%
2) Net Loss Rate
a) 08/15/02 7.81%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 3.07%
b) 07/15/02 0.75%
c) 06/17/02 1.87%
Three Month Average 1.90%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION,
Servicer
By:
---------------------------------
Name: Patricia Garvey
Title: Vice President
8
MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
SERIES 1999-1
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and restated on February 5, 2002, the "Agreement"), as
supplemented by the Series 1999-1 Supplement dated as of June 1, 1999 (as
amended and supplemented, the "Series Supplement"), between Card Acquisition
Funding LLC as Transferor, Chase Manhattan Bank USA, National Association as
Servicer, and The Bank of New York, as Trustee, Chase Manhattan Bank USA,
Nationial Association as Servicer is required to prepare certain information
each month regarding current distributions to Class A Certificateholders,
Class B Certificateholders, Collateral Interest Holder and the Class D Interest
Holder and the performance of the Providian Master Trust (the "Trust") during
the previous month. The information which is required to be prepared for the
Series 1999-1 Certificates with respect to the Distribution Date occurring on
August 15, 2002, and with respect to the performance of the Trust during the
month of July is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Investor Certificate.
Certain other information is presented based on the aggregate amounts for the
Trust as a whole. Capitalized terms used in this Certificate have their
respective meanings set forth in the Agreement or Series Supplement, as
applicable.
A) Information Regarding the Current Monthly Distribution for the Series
1999-1 Class A Certificates and Class B Certificates (stated on the
basis of $1,000 original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original
certificate principal amount $1.781424
(2) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to interest per $1,000 original certificate principal amount $1.781424
(3) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original certificate
principal amount $5.666667
(5) The amount set forth in A (4) above distributed to Class B Certificateholder with respect
to interest per $1,000 original certificate principal amount $5.666667
(6) The amount set forth in A (4) above distributed to Class B Cerfiticateholder with respect
to principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 1999-1 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the Monthly
Period immediately preceding the Distribution Date $102,145,866.26
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $7,483,071.50
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $561,549,541.97
1
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(d) The Floating Allocation Percentage with respect to the Series 1999-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 9.150063%
(e) The Principal Allocation Percentage with respect to the Series 1999-1 Certificates for
the Monthly Period immediately preceding the Distribution Date 9.150063%
(f) The Finance Charge Receivables and Interchange collected and allocated to the
Series 1999-1 Certificates for the Monthly Period immediately preceding the Distribution
Date $10,031,117.21
(g) The Principal Receivables collected and allocated to the Series 1999-1 Certificates for
the Monthly Period immediately preceding the Distribution Date $51,382,138.60
(2) Available Finance Charge Collections and Reallocated Principal Collections for Series 1999-1
for the Monthly Period immediately preceding the Distribution Date.
(a) The Finance Charge Receivables and Interchange collected and allocated to the Series
1999-1 Certificates $10,031,117.21
(b) Collection Account and Special Funding Account investment earnings allocated to the
Series 1999-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Reserve Draw Amount $0.00
(e) Additional Finance Charges from other Series allocated to the Series 1999-1 Certificates $0.00
(f) Payments, if any, on deposit as of the Determination Date received from any Interest Rate
Protection Agreements $0.00
(g) Reallocated Class D Principal Collections $0.00
(h) Reallocated Collateral Principal Collections $0.00
(i) Reallocated Class B Principal Collections $0.00
(j) Total Available Finance Charge Collections and Reallocated Principal Collections for
Series 1999-1 (total of (a), (b), (c), (d), (e), (f), (g), (h), and (i) above) $10,031,117.21
2
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(3) Available Principal Collections for Series 1999-1 for the Monthly Period immediately preceding
the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 1999-1 Certificates $51,382,138.60
(b) Shared Principal Collections from other Series allocated to the Series 1999-1
Certificates $0.00
(c) Additional amounts to be treated as Available Principal Collections pursuant to the
Series Supplement $4,172,177.01
(d) Reallocated Class D Principal Collections $0.00
(e) Reallocated Collateral Principal Collections $0.00
(f) Reallocated Class B Principal Collections $0.00
(g) Available Principal Collections for Series 1999-1 (total of (a), (b) and (c)
minus (d), (e) and (f) above) $55,554,315.61
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts
which were delinquent as of the close of business on the last
day of the Monthly Period immediately preceding the
Distribution Date.
(a) 31-60 days $123,689,558
(b) 61-90 days 86,304,828
(c) 91 or more days 164,029,300
------------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $9,450,935.32
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution Date
[Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately preceding the Distribution Date
allocable to the Series 1999-1 Certificates (the "Series 1999-1 Defaulted Amount") $4,172,177.01
(e) The Class A Defaulted Amount [Series 1999-1 Defaulted Amount multiplied by the
Class A Percentage] $3,254,298.06
3
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(f) The Class B Defaulted Amount [Series 1999-1 Defaulted Amount multiplied by the
Class B Percentage] $427,647.31
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class A Defaulted Amount, (ii)
Reallocated Principal Collections applied to such Class A Defaulted Amount, (iii)
the amount by which the Class D Invested Amount has been reduced in respect of such
Class A Defaulted Amount, (iv) the amount by which the Collateral Invested Amount
has been reduced in respect of such Class A Defaulted Amount and (v) the amount by
which the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing, pro
rata, the amount of each Class A Certificateholder's investment) $0.00
(c) The total amount reimbursed on the Distribution Date in respect of Class A
Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each Class
A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class B Defaulted Amount, (ii)
Reallocated Class D Principal Collections applied to such Class B Defaulted Amount,
(iii) Reallocated Collateral Principal Collections applied to such Class B Defaulted
Amount, (iv) the amount by which the Class D Invested Amount has been reduced in
respect of such Class B Defaulted Amount and (v) the amount by which the Collateral
Invested Amount has been reduced in respect of such Class B Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the Distribution
Date in respect of Reallocated Class B Principal Collections $0.00
4
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(c) The amount by which the Class B Invested Amount has been reduced on the Distribution
Date in respect of item 6(a) (together with item 7(a), "Class B Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and (c ) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate principal
amount (which will have the effect of reducing, pro rata, the amount of each Class B
Certificateholder's investment) $0.000000
(f) The total amount reimbursed on the Distribution Date in respect of reductions in the
Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each
Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Collateral Defaulted Amount, (ii)
Reallocated Class D Principal Collections applied to such Collateral Defaulted
Amount and (iii) the Amount by which the Class D Invested Amount has been reduced in
respect of such Collateral Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced the Distribution
Date in respect of Reallocated Collateral Principal Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced on the
Distribution Date as set forth in items 8(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions in the
Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Collateral
Interest exceeds the Collateral Invested Amount, if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
5
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(9) Reductions in the Class D Interest
(a) The excess, if any, of the Class D Defaulted Amount over Available Finance Charge
Collections applied to such Class D Defaulted Amount $0.00
(b) The amount by which the Class D Invested Amount has been reduced on the Distribution
Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Class D Invested Amount has been reduced on the Distribution
Date in respect of items 6(a), 7(a) and 8(a) above $0.00
(d) The total amount by which the Class D Invested Amount has been reduced on the
Distribution Date as set forth in items 9(a), (b) and (c ) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions in the
Class D Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Class D
Interest exceeds the Class D Invested Amount, if any, as of the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(10) Investor Monthly Servicing Fee
(a) The amount of the Series 1999-1 Monthly Servicing Fee payable to the Servicer on the
Distribution Date $934,829.06
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $890,711.81
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $372,328.33
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently scheduled to commence on the
Distribution Date occurring in October 2003 (The initial funding date for the
Principal Funding Account may be modified in certain circumstances in accordance
with the terms of the Series Supplement.)
6
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on such Distribution Date $0.00
(15) Reserve Account
(a) The amount on deposit in the Reserve Account on the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on such Distribution Date and
the related Transfer Date $0.00
(b) The Required Reserve Account Amount $0.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $500,000,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $500,000,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class A
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class A Invested Amount on such Distribution Date, to the Class A Initial Invested Amount).
The amount of a Class A Certificateholder's pro rata share of the Class A Invested Amount
can be determined by multiplying the original denomination of the Class A
Certificateholder's Certificate by the Pool Factor 1.00000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $65,705,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $65,705,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class B
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class B Invested Amount on such Distribution Date, to the Class B Initial Invested Amount).
The amount of a Class B Certificateholder's pro rata share of the Class B Invested Amount
can be determined by multiplying the original denomination of the Class B
Certificateholder's Certificate by the Pool Factor 1.000000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $52,884,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Date $52,884,000.00
7
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(3) The Collateral Invested Amount as a percentage of the sum of the Invested Amount on such
Distribution Date 8.25%
F) Class D Invested Amount
(1) The Class D Initial Invested Amount $22,436,642.00
(2) The Class D Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $22,436,642.00
(3) The Class D Invested Amount as a percentage of the sum of the Invested Amount on such
Distribution Date 3.50%
G) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of business on the
last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of business on
the last day of the immediately preceding Monthly Period $134,693,368
H) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 1999-1 Certificates for
the preceding Monthly Period (excluding payments received from Interest Rate Protection
Agreements) divided by the Invested Amount of the Series 1999-1 Certificates as of the last
day of the next preceding Monthly Period, multiplied by 12) 18.78%
(2) The Net Loss Rate (the Series 1999-1 Defaulted Amount for the preceding Monthly Period
divided by the Invested Amount of the Series 1999-1 Certificates as of the last day of the
next preceding Monthly Period, multiplied by 12) 7.81%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1999-1
Certificates for the preceding Monthly Period) 10.97%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an assumed Servicing
Fee Rate of 2% per annum) for the preceding Monthly Period with respect to the related
Distribution Date, divided by the Invested Amount of the Series 1999-1 Certificates as of
the last day of the next preceding Monthly Period, multiplied by 12) 4.97%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1999-1 Certificates
for the preceding Monthly Period) 6.00%
8
------------------------------
Series 1999-1 Monthly Statement
August 15, 2002 Distribution Date
------------------------------
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly Period
divided by the amount of Receivables in the Trust as of the last day of the next preceding
Monthly Period) 9.39%
I) Series 1999-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 18.78%
b) 07/15/02 19.25%
c) 06/17/02 19.48%
2) Net Loss Rate
a) 08/15/02 7.81%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 6.00%
b) 07/15/02 5.48%
c) 06/17/02 4.71%
Three Month Average 5.40%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By:
-----------------------------
Name: Patricia Garvey
Title: Vice President
9
MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
SERIES 1999-2
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and supplemented, the "Agreement"), as supplemented by the
Series 1999-2 Supplement dated as of October 1, 1999 (as amended and
supplemented, the "Series Supplement"), between Card Acquisition Funding LLC,
Transferor, Chase Manhattan Bank USA, National Association, Servicer, and The
Bank of New York, Trustee, Chase Manhattan Bank USA, National Association as
Servicer is required to prepare certain information each month regarding current
distributions to Class A Certificateholders, Class B Certificateholders,
Collateral Interest Holder and the Class D Interest Holder and the performance
of the Providian Master Trust (the "Trust") during the previous month. The
information which is required to be prepared for the Series 1999-2 Certificates
with respect to the Distribution Date occurring August 15, 2002 and with respect
to the performance of the Trust during the month of July is set forth below.
Certain of the information is presented on the basis of an original principal
amount of $1,000 per Investor Certificate. Certain other information is
presented based on the aggregate amounts for the Trust as a whole. Capitalized
terms used in this Certificate have their respective meanings set forth in the
Agreement or Series Supplement, as applicable.
A) Information Regarding the Current Monthly Distribution for the Series 1999-2
Class A Certificates and Class B Certificates (stated on the basis of $1,000
original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original certificate
principal amount $5.500000
(2) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to interest per $1,000 original certificate principal amount $5.500000
(3) The amount set forth in A(1) above distributed to Class A Certificateholders with respect to
principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original certificate
principal amount $2.100035
(5) The amount set forth in A(4) above distributed to Class B Certificateholders with respect to
interest per $1,000 original certificate principal amount $2.100035
(6) The amount set forth in A(4) above distributed to Class B Certificateholders with respect to
principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 1999-2 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the Monthly Period
immediately preceding the Distribution Date $102,145,866.26
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $7,483,071.50
1
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $561,549,541.97
(d) The Floating Allocation Percentage with respect to the Series 1999-2
Certificates for the Monthly Period immediately preceding the Distribution
Date 6.280603%
(e) The Principal Allocation Percentage with respect to the Series 1999-2
Certificates for the Monthly Period immediately preceding the Distribution
Date 8.921312%
(f) The Finance Charge Receivables and Interchange collected and allocated to the
Series 1999-2 Certificates for the Monthly Period immediately preceding the
Distribution Date $6,885,358.85
(g) The Principal Receivables collected and allocated to the Series 1999-2
Certificates for the Monthly Period immediately preceding the Distribution
Date $50,097,585.06
(2) Available Finance Charge Collections and Reallocated Principal Collections for Series 1999-2
for the Monthly Period immediately preceding the Distribution Date.
(a) The Finance Charge Receivables and Interchange collected and allocated to the
Series 1999-2 Certificates $6,885,358.85
(b) Collection Account and Special Funding Account investment earnings allocated
to the Series 1999-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $222,370.42
(d) Class A Reserve Draw Amount $694,296.67
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the Series 1999-2 Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from any Interest Rate
Protection Agreements $0.00
(h) Reallocated Class D Principal Collections $0.00
(i) Reallocated Collateral Principal Collections $0.00
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated Principal Collections for
Series 1999-2 (total of (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j) above) $7,802,025.94
2
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(3) Available Principal Collections for Series 1999-2 for the Monthly Period immediately preceding
the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 1999-2 Certificates $50,097,585.06
(b) Shared Principal Collections from other Series allocated to the Series 1999-2
Certificates $134,055,299.35
(c) Additional amounts to be treated as Available Principal Collections pursuant to the
Series Supplement $2,863,782.30
(d) Reallocated Class D Principal Collections $0.00
(e) Reallocated Collateral Principal Collections $0.00
(f) Reallocated Class B Principal Collections $0.00
(g) Available Principal Collections for Series 1999-2 (total of (a), (b) and (c)
minus (d), (e) and (f) above) $187,016,666.71
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were delinquent as of the close of
business on the last day of the Monthly Period immediately preceding the Distribution Date.
(a) 31-60 days $123,689,558
(b) 61-90 days 86,304,828
(c) 91 or more days 164,029,300
------------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $9,450,935.32
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date allocable to the Series 1999-2 Certificates (the "Series 1999-2 Defaulted Amount") $2,863,782.30
(e) The Class A Defaulted Amount [Series 1999-2 Defaulted Amount multiplied by the
Class A Percentage] $2,169,532.04
3
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(f) The Class B Defaulted Amount [Series 1999-2 Defaulted Amount multiplied by the
Class B Percentage] $366,108.53
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class A Defaulted Amount, (ii)
Reallocated Principal Collections applied to such Class A Defaulted Amount, (iii)
the amount by which the Class D Invested Amount has been reduced in respect of such
Class A Defaulted Amount, (iv) the amount by which the Collateral Invested Amount
has been reduced in respect of such Class A Defaulted Amount and (v) the amount by
which the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing, pro
rata, the amount of each Class A Certificateholder's investment) $0.00
(c) The total amount reimbursed on the Distribution Date in respect of Class A
Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each
Class A Certificateholder's investment) $0.00
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class B Defaulted Amount, (ii)
Reallocated Class D Principal Collections applied to such Class B Defaulted Amount,
(iii) Reallocated Collateral Principal Collections applied to such Class B
Defaulted Amount, (iv) the amount by which the Class D Invested Amount has been
reduced in respect of such Class B Defaulted Amount and (v) the amount by which the
Collateral Invested Amount has been reduced in respect of such Class B Defaulted
Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Class B Principal Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of item 6(a) (together with item 7(a), "Class B
Charge-Offs") $0.00
4
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and (c) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate principal
amount (which will have the effect of reducing, pro rata, the amount of each Class B
Certificateholder's investment) $0.00
(f) The total amount reimbursed on the Distribution Date in respect of reductions in
the Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each
Class B Certificateholder's investment) $0.00
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Collateral Defaulted Amount,
(ii) Reallocated Class D Principal Collections applied to such Collateral Defaulted
Amount and (iii) the amount by which the Class D Invested Amount has been reduced
in respect of such Collateral Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Collateral Principal Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced on the
Distribution Date as set forth in items 8(a), (b) and (c ) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions in
the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Collateral
Interest exceeds the Collateral Invested Amount, if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(9) Reductions in the Class D Interest
5
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(a) The excess, if any, of the Class D Defaulted Amount over Available Finance Charge
Collections applied to such Class D Defaulted Amount $0.00
(b) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of items 6(a), 7(a) and 8(a) above $0.00
(d) The total amount by which the Class D Invested Amount has been reduced on the
Distribution Date as set forth in items 9(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions in
the Class D Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Class D
Interest exceeds the Class D Invested Amount, if any, as of the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(10) Investor Monthly Servicing Fee
(a) The amount of the Series 1999-2 Monthly Servicing Fee payable to the Servicer on
the Distribution Date $641,666.67
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $2,750,000.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $118,126.95
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $333,333,333.34
(b) Deposits to the Principal Funding Account are currently scheduled to commence on
the Distribution Date occurring in August 2002. (The initial funding date for the
Principal Funding Account may be modified in certain circumstances in accordance
with the terms of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after giving effect to
all deposits, withdrawals and distributions on such Distribution Date $0.00
6
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(15) Class A Reserve Account
(a) The amount on deposit in the Class A Reserve Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date and the related Transfer Date $2,500,000.00
(b) The Class A Required Reserve Account Amount $2,500,000.00
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date and the related Transfer Date $140,625.00
(b) The Class B Required Reserve Account Amount $140,625.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $500,000,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $500,000,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class A
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class A Invested Amount on such Distribution Date, to the Class A Initial Invested Amount).
The amount of a Class A Certificateholder's pro rata share of the Class A Invested Amount
can be determined by multiplying the original denomination of the Class A
Certificateholder's Certificate by the Pool Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $56,250,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $56,250,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class B
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class B Invested Amount on such Distribution Date, to the Class B Initial Invested Amount).
The amount of a Class B Certificateholder's pro rata share of the Class B Invested Amount
can be determined by multiplying the original denomination of the Class B
Certificateholder's Certificate by the Pool Factor 1.000000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $50,000,000.00
7
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $11,316,666.63
(3) The Collateral Invested Amount as a percentage of the Adjusted Invested Amount on such
Distribution Date 4.47%
F) Class D Invested Amount
(1) The Class D Initial Invested Amount $18,750,000.00
(2) The Class D Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $18,750,000.00
(3) The Class D Invested Amount as a percentage of the Adjusted Invested Amount on such
Distribution Date 7.41%
G) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of business on the
last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of business on
the last day of the immediately preceding Monthly Period $134,693,368
H) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 1999-2 Certificates for
the preceding Monthly Period (excluding payments received from Interest Rate Protection
Agreements) divided by the Invested Amount of the Series 1999-2 Certificates as of the last
day of the next preceding Monthly Period, multiplied by 12) 15.43%
(2) The Net Loss Rate (the Series 1999-2 Defaulted Amount for the preceding Monthly Period
divided by the Invested Amount of the Series 1999-2 Certificates as of the last day of the
next preceding Monthly Period, multiplied by 12) 5.66%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1999-2
Certificates for the preceding Monthly Period) 9.77%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an assumed Servicing
Fee Rate of 2% per annum) for the preceding Monthly Period with respect to the related
Distribution Date, divided by the Invested Amount of the Series 1999-2 Certificates as of
the last day of the next preceding Monthly Period, multiplied by 12) 7.29%
8
--------------------------------
Series 1999-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1999-2 Certificates
for the preceding Monthly Period) 2.48%
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly Period
divided by the amount of Receivables in the Trust as of the last day of the next preceding
Monthly Period) 9.39%
I) Series 1999-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 15.43%
b) 07/15/02 17.61%
c) 06/17/02 19.48%
2) Net Loss Rate
a) 08/15/02 5.66%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 2.48%
b) 07/15/02 0.94%
c) 06/17/02 2.00%
Three Month Average 1.81%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
Servicer
By:
------------------------------
Name: Patricia Garvey
Title: Vice President
9
MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
SERIES 2000-1
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and supplemented, the "Agreement"), as supplemented by the
Series 2000-1 Supplement dated as of February 1, 2000 (as amended and
restated on February 5, 2002, the "Series Supplement"), between Card Acquisition
Funding LLC, Transferor, Chase Manhattan Bank USA, National Association as
Servicer, and The Bank of New York, as Trustee, Chase Manhattan Bank USA,
National Association as Servicer is required to prepare certain information each
month regarding current distributions to Class A Certificateholders, Class B
Certificateholders, Collateral Interest Holder and the Class D Interest Holder
and the performance of the Providian Master Trust (the "Trust") during the
previous month. The information which is required to be prepared for the Series
2000-1 Certificates with respect to the Distribution Date occurring on August
15, 2002,and with respect to the performance of the Trust during the month of
July is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per Investor Certificate. Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used in this Certificate have their respective meanings
set forth in the Agreement or Series Supplement, as applicable.
A) Information Regarding the Current Monthly Distribution for the Series 2000-1 Class A Certificates and
Class B Certificates (stated on the basis of $1,000 original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original certificate
principal amount $6.241667
(2) The amount set forth in A(1) above distributed to Class A Certificateholders with respect to
interest per $1,000 original certificate principal amount $6.241667
(3) The amount set forth in A(1) above distributed to Class A Certificateholders with respect to
principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original certificate
principal amount $1.996701
(5) The amount set forth in A(4) above distributed to Class B Certificateholders with respect to
interest per $1,000 original certificate principal amount $1.996701
(6) The amount set forth in A(4) above distributed to Class B Certificateholders with respect to
principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 2000-1 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the Monthly
Period immediately preceding the Distribution Date $102,145,866.26
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $7,483,071.50
1
---------------------------------
Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $561,549,541.97
(d) The Floating Allocation Percentage with respect to the Series 2000-1 Certificates for
the Monthly Period immediately preceding the Distribution Date 7.493902%
(e) The Principal Allocation Percentage with respect to the Series 2000-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 7.493902%
(f) The Finance Charge Receivables and Interchange collected and allocated to the Series
2000-1 Certificates for the Monthly Period immediately preceding the Distribution
Date $8,215,484.98
(g) The Principal Receivables collected and allocated to the Series 2000-1 Certificates
for the Monthly Period immediately preceding the Distribution Date $42,081,971.45
(2) Available Finance Charge Collections and Reallocated Principal Collections for Series 2000-1
for the Monthly Period immediately preceding the Distribution Date.
(a) The Finance Charge Receivables and Interchange collected and allocated to the Series
2000-1 Certificates $8,215,484.98
(b) Collection Account and Special Funding Account investment earnings allocated to the
Series 2000-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Class A Reserve Draw Amount $0.00
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the Series 2000-1 Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from any Interest Rate
Protection Agreements $0.00
(h) Reallocated Class D Principal Collections $0.00
(i) Reallocated Collateral Principal Collections $0.00
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated Principal Collections for
Series 2000-1 (total of (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j) above) $8,215,484.98
(3) Available Principal Collections for Series 2000-1 for the Monthly Period immediately
preceding the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 2000-1 Certificates $42,081,971.45
2
---------------------------------
Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
(b) Shared Principal Collections from other Series allocated to the Series 2000-1 Certificates $0.00
(c) Additional amounts to be treated as Available Principal Collections pursuant to the
Series Supplement $3,417,012.97
(d) Reallocated Class D Principal Collections $0.00
(e) Reallocated Collateral Principal Collections $0.00
(f) Reallocated Class B Principal Collections $0.00
(g) Available Principal Collections for Series 2000-1 (total of (a), (b) and (c)
minus (d), (e) and (f) above) $45,498,984.42
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were delinquent as of the close of
business on the last day of the Monthly Period immediately preceding the Distribution Date.
(a) 31-60 days $123,689,558
(b) 61-90 days 86,304,828
(c) 91 or more days 164,029,300
------------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $9,450,935.32
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date allocable to the Series 2000-1 Certificates (the "Series 2000-1 Defaulted
Amount") $3,417,012.97
(e) The Class A Defaulted Amount [Series 2000-1 Defaulted Amount multiplied by the Class A
Percentage] $2,733,610.37
(f) The Class B Defaulted Amount [Series 2000-1 Defaulted Amount multiplied by the Class B
Percentage] $307,531.17
3
---------------------------------
Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class A Defaulted Amount, (ii) Reallocated
Principal Collections applied to such Class A Defaulted Amount, (iii) the amount by
which the Class D Invested Amount has been reduced in respect of such Class A
Defaulted Amount, (iv) the amount by which the Collateral Invested Amount has been
reduced in respect of such Class A Defaulted Amount and (v) the amount by which the
Class B Invested Amount has been reduced in respect of such Class A Defaulted Amount
(a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing, pro
rata, the amount of each Class A Certificateholder's investment) $0.000000
(c) The total amount reimbursed on the Distribution Date in respect of Class A
Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each Class
A Certificateholder's investment) $0.0000000
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class B Defaulted Amount, (ii) Reallocated
Class D Principal Collections applied to such Class B Defaulted Amount, (iii)
Reallocated Collateral Principal Collections applied to such Class B Defaulted
Amount, (iv) the amount by which the Class D Invested Amount has been reduced in
respect of such Class B Defaulted Amount and (v) the amount by which the Collateral
Invested Amount has been reduced in respect of such Class B Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the Distribution
Date in respect of Reallocated Class B Principal Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the Distribution
Date in respect of item 6(a) (together with item 7(a), "Class B Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and (c) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate principal
amount (which will have the effect of reducing, pro rata, the amount of each Class B
Certificateholder's investment) $0.000000
4
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Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
(f) The total amount reimbursed on the Distribution Date in respect of reductions in the
Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each Class B
Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Collateral Defaulted Amount, (ii)
Reallocated Class D Principal Collections applied to such Collateral Defaulted Amount
and (iii) the amount by which the Class D Invested Amount has been reduced in respect
of such Collateral Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Collateral Principal Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced on the
Distribution Date as set forth in items 8(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions in the
Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Collateral
Interest exceeds the Collateral Invested Amount, if any, as of the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(9) Reductions in the Class D Interest
(a) The excess, if any, of the Class D Defaulted Amount over Available Finance Charge
Collections applied to such Class D Defaulted Amount $0.00
(b) The amount by which the Class D Invested Amount has been reduced on the Distribution
Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Class D Invested Amount has been reduced on the Distribution
Date in respect of items 6(a), 7(a) and 8 (a) above $0.00
(d) The total amount by which the Class D Invested Amount has been reduced on the
Distribution Date as set forth in items 9(a), (b) and (c) $0.00
5
---------------------------------
Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
(e) The total amount reimbursed on the Distribution Date in respect of reductions in the
Class D Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Class D
Interest exceeds the Class D Invested Amount, if any, as of the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(10) Investor Monthly Servicing Fee
(a) The amount of the Series 2000-1 Monthly Servicing Fee payable to the Servicer on the
Distribution Date $765,625.00
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $2,621,500.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $94,344.14
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently scheduled to commence on the
Distribution Date occurring in March 2004 (The initial funding date for the Principal
Funding Account may be modified in certain circumstances in accordance with the terms
of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after giving effect to
all deposits, withdrawals and distributions on such Distribution Date $0.00
(15) Class A Reserve Account
(a) The amount on deposit in the Class A Reserve Account on the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such Distribution
Date and the related Transfer Date $0.00
(b) The Class A Required Reserve Account Amount $0.00
6
---------------------------------
Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such Distribution
Date and the related Transfer Date $0.00
(b) The Class B Required Reserve Account Amount $0.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $420,000,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $420,000,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class A
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class A Invested Amount on such Distribution Date, to the Class A Initial Invested Amount).
The amount of a Class A Certificateholder's pro rata share of the Class A Invested Amount
can be determined by multiplying the original denomination of the Class A
Certificateholder's Certificate by the Pool Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $47,250,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $47,250,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class B
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class B Invested Amount on such Distribution Date, to the Class B Initial Invested Amount).
The amount of a Class B Certificateholder's pro rata share of the Class B Invested Amount
can be determined by multiplying the original denomination of the Class B
Certificateholder's Certificate by the Pool Factor 1.000000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $42,000,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $42,000,000.00
(3) The Collateral Invested Amount as a percentage of the Invested Amount on such
Distribution Date 8.00%
F) Class D Invested Amount
(1) The Class D Initial Invested Amount $15,750,000.00
(2) The Class D Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $15,750,000.00
(3) The Class D Invested Amount as a percentage of the Invested Amount on such Distribution Date 3.00%
7
---------------------------------
Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
G) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of business on the
last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of business on
the last day of the immediately preceding Monthly Period $134,693,368
H) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 2000-1 Certificates for
the preceding Monthly Period (excluding payments received from Interest Rate Protection
Agreements) divided by the Invested Amount of the Series 2000-1 Certificates as of the last
day of the next preceding Monthly Period, multiplied by 12) 18.78%
(2) The Net Loss Rate (the Series 2000-1 Defaulted Amount for the preceding Monthly Period
divided by the Invested Amount of the Series 2000-1 Certificates as of the last day of the
next preceding Monthly Period, multiplied by 12) 7.81%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 2000-1
Certificates for the preceding Monthly Period) 10.97%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an assumed Servicing
Fee Rate of 2% per annum) for the preceding Monthly Period with respect to the related
Distribution Date, divided by the Invested Amount of the Series 2000-1 Certificates as of
the last day of the next preceding Monthly Period, multiplied by 12) 8.45%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-1 Certificates
for the preceding Monthly Period) 2.52%
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly Period
divided by the amount of Receivables in the Trust as of the last day of the next preceding
Monthly Period) 9.39%
I) Series 2000-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 18.78%
b) 07/15/02 17.61%
c) 06/17/02 19.48%
2) Net Loss Rate
a) 08/15/02 7.81%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
8
---------------------------------
Series 2000-1 Monthly Statement
August 15, 2002 Distribution Date
---------------------------------
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 2.52%
b) 07/15/02 0.24%
c) 06/17/02 1.31%
Three Month Average 1.36%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By:
-----------------------------------
Name: Patricia Garvey
Title: Vice President
9
MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
SERIES 2000-2
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and restated on February 5, 2002, the "Agreement"), as
supplemented by the Series 2000-2 Supplement dated as of August 1, 2000 (as
amended and supplemented, the "Series Supplement"), between Card Acquisition
Funding LLC as Transferor, Chase Manhattan Bank USA, National Association as
Servicer, and The Bank of New York as Trustee, Chase Manhattan Bank USA,
National Association as Servicer is required to prepare certain information each
month regarding current distributions to Class A Certificateholders, Class B
Certificateholders, Collateral Interest Holder and the performance of the
Providian Master Trust (the "Trust") during the previous month. The information
which is required to be prepared for the Series 2000-2 Certificates with respect
to the Distribution Date occurring on August 15, 2002 and with respect to the
performance of the Trust during the month of July is set forth below. Certain of
the information is presented on the basis of an original principal amount of
$1,000 per Investor Certificate. Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement or Series
Supplement, as applicable.
A) Information Regarding the Current Monthly Distribution for the Series
2000-2 Class A Certificates and Class B Certificates (stated on the
basis of $1,000 original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original
certificate principal amount $1.729757
(2) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to interest per $1,000 original certificate principal amount $1.729757
(3) The amount set forth in A(1) above distributed to Class A Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original
certificate principal amount $2.022535
(5) The amount set forth in A(4) above distributed to Class B Certificateholders with
respect to interest per $1,000 original certificate principal amount $2.022535
(6) The amount set forth in A(4) above distributed to Class B Certificateholders with
respect to principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 2000-2 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the
Monthly Period immediately preceding the Distribution Date $102,145,866.26
1
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(b) The aggregate amount of Interchange collected and allocated to the Trust
for the Monthly Period immediately preceding the Distribution Date $7,483,071.50
(c) The aggregate amount of Principal Receivables collected during the Monthly
Period immediately preceding the Distribution Date $561,549,541.97
(d) The Floating Allocation Percentage with respect to the Series 2000-2
Certificates for the Monthly Period immediately preceding the Distribution
Date 8.261848%
(e) The Principal Allocation Percentage with respect to the Series 2000-2
Certificates for the Monthly Period immediately preceding the Distribution
Date 8.261848%
(f) The Finance Charge Receivables and Interchange collected
and allocated to the Series 2000-2 Certificates for the
Monthly Period immediately preceding the Distribution
Date $9,057,376.59
(g) The Principal Receivables collected and allocated to the Series 2000-2
Certificates for the Monthly Period immediately preceding the Distribution
Date $46,394,371.58
(2) Available Finance Charge Collections and Reallocated Principal Collections for
Series 2000-2 for the Monthly Period immediately preceding the Distribution Date.
(a) The Finance Charge Receivables and Interchange collected and allocated to
the Series 2000-2 Certificates $9,057,376.59
(b) Collection Account and Special Funding Account investment earnings
allocated to the Series 2000-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Class A Reserve Draw Amount $0.00
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the Series
2000-2 Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from
any Interest Rate Protection Agreements $0.00
(h) Reallocated Class D Principal Collections $0.00
(i) Reallocated Collateral Principal Collections $0.00
2
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and
Reallocated Principal Collections for Series 2000-2
(total of (a), (b), (c), (d), (e), (f), (g), (h), (i)
and (j) above) $9,057,376.59
(3) Available Principal Collections for Series 2000-2 for the Monthly Period immediately
preceding the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 2000-2
Certificates $46,394,371.58
(b) Shared Principal Collections from other Series allocated to the Series
2000-2 Certificates $0.00
(c) Additional amounts to be treated as Available Principal Collections
pursuant to the Series Supplement $3,767,175.44
(d) Reallocated Class D Principal Collections $0.00
(e) Reallocated Collateral Principal Collections $0.00
(f) Reallocated Class B Principal Collections $0.00
(g) Available Principal Collections for Series 2000-2 (total of (a), (b) and
(c) minus (d), (e) and (f) above) $50,161,547.02
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were delinquent as of the
close of business on the last day of the Monthly Period immediately preceding the
Distribution Date.
(a) 31-60 days $123,689,558
(b) 61-90 days 86,304,828
(c) 91 or more days 164,029,300
------------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust
for the Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed
during the Monthly Period immediately preceding the Distribution Date $9,450,935.32
3
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately
preceding the Distribution Date allocable to the Series
2000-2 Certificates (the "Series 2000-2 Defaulted
Amount") $3,767,175.44
(e) The Class A Defaulted Amount [Series 2000-2 Defaulted Amount multiplied by
the Class A Percentage] $2,928,868.26
(f) The Class B Defaulted Amount [Series 2000-2 Defaulted Amount multiplied by
the Class B Percentage] $385,959.75
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of
(i) Available Finance Charge Collections applied to such Class A
Defaulted Amount, (ii) Reallocated Principal Collections applied to such
Class A Defaulted Amount, (iii) the amount by which the Class D invested
Amount has been reduced in respect of such Class A Defaulted Amount,
(iv) the amount by which the Collateral Invested Amount has been reduced
in respect of such Class A Defaulted Amount and (v) the amount by which
the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per
$1,000 original certificate principal amount (which will have the effect
of reducing, pro rata, the amount of each Class A Certificateholder's
investment) $0.000000
(c) The total amount reimbursed on the Distribution Date in respect of Class
A Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the
amount of each Class A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the
Class A Certificates exceeds the Class A Invested Amount if any, as of the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date $0.00
4
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class B Defaulted
Amount, (ii) Reallocated Class D Principal Collections applied to such
Class B Defaulted Amount, (iii) Reallocated Collateral Principal
Collections applied to such Class B Defaulted Amount, (iv) the amount by
which the Class D Invested Amount has been reduced in respect of such
Class B Defaulted Amount and (v) the amount by which the Collateral
Invested Amount has been reduced in respect of such Class B Defaulted
Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Class B Principal Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of item 6(a) (together with item 7(a), "Class
B Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced on
the Distribution Date as set forth in items 7(a), (b) and ( c) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate
principal amount (which will have the effect of reducing, pro rata, the
amount of each Class B Certificateholder's investment) $0.000000
(f) The total amount reimbursed on the Distribution Date in respect of
reductions in the Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the
amount of each Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the
Class B Certificates exceeds the Class B Invested Amount if any, as of the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over the sum of
(i) Available Finance Charge Collections applied to such Collateral
Defaulted Amount, (ii) Reallocated Class D Principal Collections applied to
such Collateral Defaulted Amount and (iii) the amount by which the
Class D Invested Amount has been reduced in respect of such Collateral
Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced on
the Distribution Date in respect of Reallocated Collateral Principal
Collections $0.00
5
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(c) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced
on the Distribution Date as set forth in items 8(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of
reductions in the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the
Collateral Interest exceeds the Collateral Invested Amount, if any, as of
the Distribution Date, after giving effect to all deposits, withdrawals
and distributions on the Distribution Date $0.00
(9) Reductions in the Class D Interest
(a) The excess, if any, of the Class D Defaulted Amount over Available Finance
Charge Collections applied to such Class D Defaulted Amount $0.00
(b) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of items 6(a), 7(a) and 8 (a) above $0.00
(d) The total amount by which the Class D Invested Amount has been reduced on
the Distribution Date as set forth in items 9(a), (b) and (c ) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of
reductions in the Class D Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the
Class D Interest exceeds the Class D Invested Amount, if any, as of the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on the Distribution Date $0.00
(10) Investor Monthly Servicing Fee
(a) The amount of the Series 2000-2 Monthly Servicing Fee payable to the
Servicer on the Distribution Date $844,083.33
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $778,390.63
6
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $119,936.31
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions
on such Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently scheduled to commence
on the Distribution Date occurring in August 2004 (The initial funding date
for the Principal Funding Account may be modified in certain circumstances
in accordance with the terms of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(15) Class A Reserve Account
(a) The amount on deposit in the Class A Reserve Account on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions
on such Distribution Date and the related Transfer Date $0.00
(b) The Class A Required Reserve Account Amount $0.00
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions
on such Distribution Date and the related Transfer Date $0.00
(b) The Class B Required Reserve Account Amount $0.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $450,000,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $450,000,000.00
7
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(3) The Pool Factor for the Distribution Date (which represents the ratio of the
Class A Invested Amount, as of such Distribution Date, after giving effect to any
adjustment in the Class A Invested Amount on such Distribution Date, to the Class
A Initial Invested Amount). The amount of a Class A Certificateholder's pro rata
share of the Class A Invested Amount can be determined by multiplying the
original denomination of the Class A Certificateholder's Certificate by the Pool
Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $59,300,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $59,300,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class B
Invested Amount, as of such Distribution Date, after giving effect to any
adjustment in the Class B Invested Amount on such Distribution Date, to the
Class B Initial Invested Amount). The amount of a Class B Certificateholder's
pro rata share of the Class B Invested Amount can be determined by multiplying
the original denomination of the Class B Certificateholder's Certificate by the
Pool
Factor. 1.000000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $49,200,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to
all deposits, withdrawals and distributions on such Distribution Date $49,200,000.00
(3) The Collateral Invested Amount as a percentage of the Invested Amount on such
Distribution Date 8.50%
F) Class D Invested Amount
(1) The Class D Initial Invested Amount $20,300,000.00
(2) The Class D Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $20,300,000.00
(3) The Class D Invested Amount as a percentage of the Invested Amount on such
Distribution Date 3.51%
8
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
G) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period $134,693,368
H) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 2000-2
Certificates for the preceding Monthly Period (excluding payments received from
Interest Rate Protection Agreements) divided by the Invested Amount of the Series
2000-2 Certificates as of the last day of the next preceding Monthly Period,
multiplied by 12) 18.78%
(2) The Net Loss Rate (the Series 2000-2 Defaulted Amount for the preceding Monthly
Period divided by the Invested Amount of the Series 2000-2 Certificates as of the
last day of the next preceding Monthly Period, multiplied by 12) 7.81%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series
2000-2 Certificates for the preceding Monthly Period) 10.97%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an
assumed Servicing Fee Rate of 2% per annum) for the preceding Monthly Period
with respect to the related Distribution Date, divided by the Invested Amount of
the Series 2000-2 Certificates as of the last day of the next preceding Monthly
multiplied by 12) 4.54%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-2
Certificates for the preceding Monthly Period) 6.43%
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding
Monthly Period divided by the amount of Receivables in the Trust as of the last
day of the next preceding Monthly Period) 9.39%
I) Series 2000-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 18.78%
b) 07/15/02 24.06%
c) 06/17/02 19.48%
9
--------------------------------------
Series 2000-2 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
2) Net Loss Rate
a) 08/15/02 7.81%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 6.43%
b) 07/15/02 10.74%
c) 06/17/02 5.13%
Three Month Average 7.43%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
Servicer
By:
---------------------------------
Name: Patricia Garvey
Title: Vice President
10
MONTHLY STATEMENT
---------------------------------------------
PROVIDIAN MASTER TRUST
Series 2000-3
---------------------------------------------
Pursuant to the Pooling and Servicing Agreement dated as of June 1,
1993 (as amended and restated on February 5, 2002, the "Agreement"), as
supplemented by the Series 2000-3 Supplement dated as of November 1, 2000 (as
amended and supplemented, the "Series Supplement"), between Card Acquisition
Funding LLC, Transferor, Chase Manhattan Bank USA, National Association,
Servicer, and The Bank of New York, Trustee, Chase Manhattan Bank USA, National
Association as Servicer is required to prepare certain information each month
regarding current distributions to Class A Certificateholders, Class B
Certificateholders, Collateral Interest Holder and the Class D Interest Holder
and the performance of the Providian Master Trust (the "Trust") during the
previous month. The information which is required to be prepared for the Series
2000-3 Certificates with respect to the Distribution Date occurring on August
15, 2002 and with respect to the performance of the Trust during the month of
July is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per Investor Certificate. Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used in this Certificate have their respective meanings
set forth in the Agreement or Series Supplement, as applicable.
A) Information Regarding the Current Monthly Distribution for the Series
2000-3 Class A Certificates and Class B Certificates (stated on the
basis of $1,000 original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original
certificate principal amount $1.686701
(2) The amount set forth in A(1) above distributed to Class A Certificateholders
with respect to interest per $1,000 original certificate principal amount $1.686701
(3) The amount set forth in A(1) above distributed to Class A Certificateholders
with respect to principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original
certificate principal amount $1.970868
(5) The amount set forth in A(4) above distributed to Class B Certificateholders
with respect to interest per $1,000 original certificate principal amount $1.970868
(6) The amount set forth in A(4) above distributed to Class B Certificateholders
with respect to principal per $1,000 original certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 2000-3 Certificates
(a) The aggregate amount of Finance Charge Receivables collected during the
Monthly Period immediately preceding the Distribution Date $102,145,866.26
(b) The aggregate amount of Interchange collected and allocated to the Trust
for the Monthly Period immediately preceding the Distribution Date $7,483,071.50
(c) The aggregate amount of Principal Receivables collected during the
Monthly Period immediately preceding the Distribution Date $561,549,541.97
1
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(d) The Floating Allocation Percentage with respect to the Series 2000-3
Certificates for the Monthly Period immediately preceding the
Distribution Date 9.991869%
(e) The Principal Allocation Percentage with respect to the Series 2000-3
Certificates for the Monthly Period immediately preceding the
Distribution Date 9.991869%
(f) The Finance Charge Receivables and Interchange collected and allocated
to the Series 2000-3 Certificates for the Monthly Period immediately
preceding the Distribution Date $10,953,979.98
(g) The Principal Receivables collected and allocated to the Series 2000-3
Certificates for the Monthly Period immediately preceding the
Distribution Date $56,109,295.27
(2) Available Finance Charge Collections and Reallocated Principal Collections for
Series 2000-3 for the Monthly Period immediately preceding the Distribution Date.
(a) The Finance Charge Receivables and Interchange collected and allocated
to the Series 2000-3 Certificates $10,953,979.98
(b) Collection Account and Special Funding Account investment earnings
allocated to the Series 2000-3 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Class A Reserve Draw Amount $0.00
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the Series
2000-3 Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from
any Interest Rate Protection Agreements $0.00
(h) Reallocated Class D Principal Collections $0.00
(i) Reallocated Collateral Principal Collections $0.00
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated Principal
Collections for Series 2000-3 (total of (a), (b), (c), (d), (e),
(f), (g), (h), (i) and (j) above) $10,953,979.98
(3) Available Principal Collections for Series 2000-3 for the Monthly Period
immediately preceding the Distribution Date
(a) The Principal Receivables collected and allocated to the Series 2000-3
Certificates $56,109,295.27
2
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(b) Shared Principal Collections from other Series allocated to the Series
2000-3 Certificates $0.00
(c) Additional amounts to be treated as Available Principal Collections
pursuant to the Series Supplement $4,556,017.29
(d) Reallocated Class D Principal Collections $0.00
(e) Reallocated Collateral Principal Collections $0.00
(f) Reallocated Class B Principal Collections $0.00
(g) Available Principal Collections for Series 2000-3 (total of (a), (b) and
( c) minus (d), (e) and (f) above) $60,665,312.56
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were
delinquent as of the close of business on the last day of the
Monthly Period immediately preceding the Distribution Date.
(a) 31-60 days $123,689,558
(b) 61-90 days 86,304,828
(c) 91 or more days 164,029,300
------------
(d) Total Delinquencies $374,023,686
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust
for the Monthly Period immediately preceding the Distribution Date $55,048,182.78
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed
during the Monthly Period immediately preceding the Distribution Date $9,450,935.32
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $45,597,247.46
(d) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date allocable to the Series 2000-3 Certificates (the
"Series 2000-3 Defaulted Amount") $4,556,017.29
(e) The Class A Defaulted Amount [Series 2000-3 Defaulted Amount multiplied
by the Class A Percentage] $3,542,303.44
(f) The Class B Defaulted Amount [Series 2000-3 Defaulted Amount multiplied
by the Class B Percentage] $466,991.77
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of
(i) Available Finance Charge Collections applied to such Class A
Defaulted Amount, (ii) Reallocated Principal Collections applied to
such Class A Defaulted Amount, (iii) the amount by which the Class D
Invested Amount has been reduced in respect of such Class A Defaulted
Amount, (iv) the amount by which the Collateral Invested Amount has
been reduced in respect of such Class A Defaulted Amount and (v) the
amount by which the Class B Invested Amount has been reduced in
respect of such Class A Defaulted Amount (a "Class A Charge-Off") $0.00
3
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per
$1,000 original certificate principal amount (which will have the effect
of reducing, pro rata, the amount of each Class A Certificateholder's
investment) $0.000000
(c) The total amount reimbursed on the Distribution Date in respect of
Class A Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata,
the amount of each Class A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the
Class A Certificates exceeds the Class A Invested Amount if any, as of
the Distribution Date, after giving effect to all deposits, withdrawals
and distributions on such Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of
(i) Available Finance Charge Collections applied to such Class B Defaulted
Amount, (ii) Reallocated Class D Principal Collections applied to such
Class B Defaulted Amount, (ii) Reallocated Class D Principal Collections
applied to such Class B Defaulted Amount, (iii) Reallocated Collateral
Principal Collections applied to such Class B Defaulted Amount, (iv) the
amount by which the Class D Invested Amount has been reduced in
respect of such Class B Defaulted Amount and (v) the amount by which
the Collateral Invested Amount has been reduced in respect of such
Class B Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on
the Distribution Date in respect of Reallocated Class B Principal
Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of item 6(a) (together with item 7(a),
"Class B Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced
on the Distribution Date as set forth in items 7(a), (b) and ( c) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate
principal amount (which will have the effect of reducing, pro rata, the
amount of each Class B Certificateholder's investment) $0.000000
4
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(f) The total amount reimbursed on the Distribution Date in respect of
reductions in the Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata,
the amount of each Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the
Class B Certificates exceeds the Class B Invested Amount if any, as of
the Distribution Date, after giving effect to all deposits, withdrawals
and distributions on such Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over the sum of
(i) Available Finance Charge Collections applied to such Collateral
Defaulted Amount, (ii) Reallocated Class D Principal Collections applied
to such Collateral Defaulted Amount and (iii) the amount by which the
Class D Invested Amount has been reduced in respect of such Collateral
Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced on
the Distribution Date in respect of Reallocated Collateral Principal
Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on
the Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been
reduced on the Distribution Date as set forth in items 8(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions
in the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the
Collateral Interest exceeds the Collateral Invested Amount, if any, as
of the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on the Distribution Date $0.00
(9) Reductions in the Class D Interest
(a) The excess, if any, of the Class D Defaulted Amount over Available
Finance Charge Collections applied to such Class D Defaulted Amount $0.00
(b) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of items 6(a), 7(a) and 8 (a) above $0.00
(d) The total amount by which the Class D Invested Amount has been reduced
on the Distribution Date as set forth in items 9(a), (b) and (c) $0.00
5
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(e) The total amount reimbursed on the Distribution Date in respect of
reductions in the Class D Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the
Class D Interest exceeds the Class D Invested Amount, if any, as of the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on the Distribution Date $0.00
(10) Investor Monthly Servicing Fee
(a) The amount of the Series 2000-3 Monthly Servicing Fee payable to the
Servicer on the Distribution Date $1,020,833.33
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $917,987.23
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $141,409.78
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the
Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently scheduled to
commence on the Distribution Date occurring in July 2003 (The initial
funding date for the Principal Funding Account may be modified in
certain circumstances in accordance with the terms of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(15) Class A Reserve Account
(a) The amount on deposit in the Class A Reserve Account on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions
on such Distribution Date and the related Transfer Date $0.00
(b) The Class A Required Reserve Account Amount $0.00
6
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the Distribution
Date, after giving effect to all deposits, withdrawals and distributions
on such Distribution Date and the related Transfer Date $0.00
(b) The Class B Required Reserve Account Amount $0.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $544,250,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to
all deposits, withdrawals and distributions on such Distribution Date $544,250,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the
Class A Invested Amount, as of such Distribution Date, after giving effect to any
adjustment in the Class A Invested Amount on such Distribution Date, to the
Class A Initial Invested Amount). The amount of a Class A Certificateholder's
pro rata share of the Class A Invested Amount can be determined by multiplying
the original denomination of the Class A Certificateholder's Certificate by the
Pool Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $71,750,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to
all deposits, withdrawals and distributions on such Distribution Date $71,750,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the
Class B Invested Amount, as of such Distribution Date, after giving effect to any
adjustment in the Class B Invested Amount on such Distribution Date, to the
Class B Initial Invested Amount). The amount of a Class B Certificateholder's
pro rata share of the Class B Invested Amount can be determined by multiplying
the original denomination of the Class B Certificateholder's Certificate by the 1.000000
Pool Factor
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $59,500,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to
all deposits, withdrawals and distributions on such Distribution Date $59,500,000.00
(3) The Collateral Invested Amount as a percentage of the Invested Amount on such
Distribution Date 8.50%
F) Class D Invested Amount
(1) The Class D Initial Invested Amount $24,500,000.00
(2) The Class D Invested Amount on the Distribution Date, after giving effect to
all deposits, withdrawals and distributions on such Distribution Date $24,500,000.00
7
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
(3) The Class D Invested Amount as a percentage of the Invested Amount on such
Distribution Date 3.50%
G) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period $6,940,406,910
(2) The aggregate amount of Finance Charge Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period $134,693,368
H) Annualized Percentages
(1) The Gross Yield (Available Finance Charge Collections for the Series 2000-3
Certificates for the preceding Monthly Period (excluding payments received from
Interest Rate Protection Agreements) divided by the Invested Amount of the
Series 2000-3 Certificates as of the last day of the next preceding Monthly
Period, multiplied by 12) 18.78%
(2) The Net Loss Rate (the Series 2000-3 Defaulted Amount for the preceding
Monthly Period divided by the Invested Amount of the Series 2000-3 Certificates
as of the last day of the next preceding Monthly Period, multiplied by 12) 7.81%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series
2000-3 Certificates for the preceding Monthly Period) 10.97%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on an assumed
Servicing Fee Rate of 2% per annum) for the preceding Monthly Period with
respect to the related Distribution Date, divided by the Invested Amount of the
Series 2000-3 Certificates as of the last day of the next preceding Monthly
Period, multiplied by 12) 4.46%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-3
Certificates for the preceding Monthly Period) 6.51%
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance
Charge Receivables with respect to all Receivables in the Trust for the
preceding Monthly Period divided by the amount of Receivables in the Trust as
of the last day of the next preceding Monthly Period) 9.39%
I) Series 2000-3 Information for the Last Three Distribution Dates
1) Gross Yield
a) 08/15/02 18.78%
b) 07/15/02 24.00%
c) 06/17/02 19.48%
8
--------------------------------------
Series 2000-3 Monthly Statement
August 15, 2002 Distribution Date
--------------------------------------
2) Net Loss Rate
a) 08/15/02 7.81%
b) 07/15/02 8.96%
c) 06/17/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 08/15/02 6.51%
b) 07/15/02 10.75%
c) 06/17/02 5.21%
Three Month Average 7.49%
4) Monthly Payment Rate
a) 08/15/02 9.39%
b) 07/15/02 8.38%
c) 06/17/02 9.69%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
Servicer
By:
------------------------------
Name: Patricia Garvey
Title: Vice President
9