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 September 16, 2002, and with respect to the performance of the
Trust during the month of August the performance of the Trust during the month
of August 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 $1.733333
(2) The amount set forth in A(1) above distributed to Senior Certificateholders with respect to
interest per $1,000 original certificate principal amount $1.733333
(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 $83,238,880.73
(b) The aggregate amount of Interchange collected and allocated to the Trust for the Monthly
Period immediately preceding the Distribution Date $5,200,059.27
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $536,037,404.93
(d) The Floating Allocation Percentage with respect to the Series 1996-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 13.687958%
(e) The Principal Allocation Percentage with respect to the Series 1996-1 Certificates for
the Monthly Period immediately preceding the Distribution Date 13.687958%
1
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Series 1996-1 Monthly Statement
September 16, 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 $12,105,485.18
(g) The Principal Receivables collected and allocated to the Series 1996-1 Certificates
for the Monthly Period immediately preceding the Distribution Date $73,372,576.17
(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 $12,105,485.18
(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) $12,105,485.18
(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 $73,372,576.17
(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 $6,295,757.61
(d) Reallocated Principal Collections $0.00
2
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Series 1996-1 Monthly Statement
September 16, 2002 Distribution Date
_______________________________________
(e) Available Principal Collections for Series 1996-1 (total of (a), (b) and (c) minus
(d) above) $79,668,333.78
(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 $126,906,400
(b) 60-89 days 83,413,714
(c) 90 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the Monthly
Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution Date
[Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $6,295,757.61
(e) The Senior Defaulted Amount [Series 1996-1 Defaulted Amount multiplied by the
Senior Percentage] $4,973,648.52
(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
(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
3
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Series 1996-1 Monthly Statement
September 16, 2002 Distribution Date
_______________________________________
(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
(10) Senior Monthly Interest
(a) Senior Monthly Interest payable on the Distribution Date $1,300,866.67
4
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Series 1996-1 Monthly Statement
September 16, 2002 Distribution Date
_______________________________________
(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
September 16, 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 $6,864,862,158
(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 $157,128,757
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) 15.29%
(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) 7.95%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1996-1 Certificates
for the preceding Monthly Period) 7.34%
(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) 3.16%
(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) 8.83%
6
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Series 1996-1 Monthly Statement
September 16, 2002 Distribution Date
_______________________________________
G) Series 1996-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 15.29%
b) 08/15/02 18.78%
c) 07/15/02 17.61%
2) Net Loss Rate
a) 09/16/02 7.95%
b) 08/15/02 7.81%
c) 07/15/02 8.96%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 3.16%
b) 08/15/02 6.79%
c) 07/15/02 4.68%
Three Month Average 4.88%
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 9.39%
c) 07/15/02 8.38%
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 September 16, 2002, and with respect to
the performance of the Trust during the month of August 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 $1.680000
(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 $1.680000
(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 $1.857778
(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 $1.857778
(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 $83,238,880.73
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,200,059.27
1
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Series 1997-2 Monthly Statement
September 16, 2002 Distribution Date
_____________________________________
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $536,037,404.93
(d) The Floating Allocation Percentage with respect to the Series 1997-2 Certificates for
the Monthly Period immediately preceding the Distribution Date 10.085864%
(e) The Principal Allocation Percentage with respect to the Series 1997-2 Certificates for
the Monthly Period immediately preceding the Distribution Date 10.085864%
(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 $8,919,831.19
(g) The Principal Receivables collected and allocated to the Series 1997-2 Certificates for
the Monthly Period immediately preceding the Distribution Date $54,064,003.50
(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 $8,919,831.19
(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 $27,931.55
(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) $8,947,762.74
(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 $54,064,003.50
(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 $4,638,979.29
2
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Series 1997-2 Monthly Statement
September 16, 2002 Distribution Date
_____________________________________
(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) $58,702,982.79
(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 $126,906,400
(b) 60-89 days 83,413,714
(c) 90 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $4,638,979.29
(e) The Class A Defaulted Amount [Series 1997-2 Defaulted Amount multiplied by the
Class A Percentage] $3,780,768.13
(f) The Class B Defaulted Amount [Series 1997-2 Defaulted Amount multiplied by the
Class B Percentage] $440,703.03
(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
3
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Series 1997-2 Monthly Statement
September 16, 2002 Distribution Date
_____________________________________
(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
(f) The total amount reimbursed on the Distribution Date in respect of reductions in the
Class B Invested Amount on prior Distribution Date $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
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
4
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Series 1997-2 Monthly Statement
September 16, 2002 Distribution Date
_____________________________________
(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 $958,440.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $123,542.22
(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
5
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Series 1997-2 Monthly Statement
September 16, 2002 Distribution Date
_____________________________________
(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
(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 $6,864,862,158
(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 $157,128,757
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) 15.34%
(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) 7.95%
6
_____________________________________
Series 1997-2 Monthly Statement
September 16, 2002 Distribution Date
_____________________________________
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1997-2
Certificates for the preceding Monthly Period) 7.39%
(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) 3.30%
(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) 8.83%
H) Series 1997-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 15.34%
b) 08/15/02 18.83%
c) 07/15/02 17.63%
2) Net Loss Rate
a) 09/16/02 7.95%
b) 08/15/02 7.81%
c) 07/15/02 8.96%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 3.30%
b) 08/15/02 6.93%
c) 07/15/02 4.78%
Three Month Average 5.00%
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 9.39%
c) 07/15/02 8.38%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By: _________________________________
Name: Patricia Garvey
Title: Vice President
7
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 September 16, 2002, and with respect to
the performance of the Trust during the month of August 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 $83,238,880.73
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,200,059.27
1
---------------------------------------------
Series 1997-4 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $536,037,404.93
(d) The Floating Allocation Percentage with respect to the Series 1997-4 Certificates
for the Monthly Period immediately preceding the Distribution Date 6.641866%
(e) The Principal Allocation Percentage with respect to the Series 1997-4 Certificates
for the Monthly Period immediately preceding the Distribution Date 8.645026%
(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 $5,873,995.54
(g) The Principal Receivables collected and allocated to the Series 1997-4 Certificates
for the Monthly Period immediately preceding the Distribution Date $46,340,574.43
(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 $5,873,995.54
(b) Collection Account and Special Funding Account investment earnings allocated to the
Series 1997-4 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $158,015.01
(d) Cash Collateral Account Investment Proceeds $19,951.12
(e) Reserve Draw Amount, if applicable $494,328.74
(f) Additional Finance Charges from other Series allocated to the Series 1997-4
Certificates $171,914.39
(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) $6,718,204.80
2
---------------------------------------------
Series 1997-4 Monthly Statement
September 16, 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 $46,340,574.43
(b) Shared Principal Collections from other Series allocated to the Series 1997-4
Certificates $91,147,533.60
(c) Additional amounts to be treated as Available Principal Collections pursuant to the
Series Supplement $3,054,916.98
(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 $140,543,025.00
(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 $126,906,400
(b) 60-89 days 83,413,714
(c) 90 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $3,054,916.99
(e) The Class A Defaulted Amount (Series 1997-4 Defaulted Amount multiplied by the
Class A Percentage) $2,490,137.81
(f) The Class B Defaulted Amount (Series 1997-4 Defaulted Amount multiplied by the
Class B Percentage) $318,101.44
3
---------------------------------------------
Series 1997-4 Monthly Statement
September 16, 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, (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
(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
4
---------------------------------------------
Series 1997-4 Monthly Statement
September 16, 2002 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 $47,575.27
(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 ) $47,575.27
(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 $768,287.50
(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 $15,000,000.00
(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
5
---------------------------------------------
Series 1997-4 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(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 $2,010,671.26
(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
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
6
---------------------------------------------
Series 1997-4 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
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 $21,929,475.00
(3) The Collateral Invested Amount as a percentage of the sum of the Invested Amount on such
Distribution Date 3.84%
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 $0
(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 $0
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) 13.75%
(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) 6.25%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1997-4
Certificates for the preceding Monthly Period) 7.50%
(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) 7.60%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1997-4 Certificates
for the preceding Monthly Period) -0.10%
(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) 8.83%
7
---------------------------------------------
Series 1997-4 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
H) Series 1997-4 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 13.75%
b) 08/15/02 18.82%
c) 07/15/02 17.63%
2) Net Loss Rate
a) 09/16/02 6.25%
b) 08/15/02 8.96%
c) 07/15/02 9.69%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 -0.10%
b) 08/15/02 3.07%
c) 07/15/02 0.75%
Three Month Average 1.24%
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 8.38%
c) 07/15/02 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 September 16, 2002, and with
respect to the performance of the Trust during the month of August 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 $1.786667
(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 $1.786667
(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 $83,238,880.73
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,200,059.27
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $536,037,404.93
1
---------------------------------------------
Series 1999-1 Monthly Statement
September 16, 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 9.236139%
(e) The Principal Allocation Percentage with respect to the Series 1999-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 9.236139%
(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 $8,168,343.59
(g) The Principal Receivables collected and allocated to the Series 1999-1 Certificates
for the Monthly Period immediately preceding the Distribution Date $49,509,160.79
(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 $8,168,343.59
(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 $1,979,588.74
(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) $10,147,932.33
(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 $49,509,160.79
(b) Shared Principal Collections from other Series allocated to the Series 1999-1
Certificates $0.00
2
---------------------------------------------
Series 1999-1 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(c) Additional amounts to be treated as Available Principal Collections pursuant to the
Series Supplement $4,248,149.54
(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) $53,757,310.33
(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 $126,906,400
(b) 61-90 days 83,413,714
(c) 91 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $4,248,149.54
(e) The Class A Defaulted Amount [Series 1999-1 Defaulted Amount multiplied by the
Class A Percentage] $3,313,556.64
(f) The Class B Defaulted Amount [Series 1999-1 Defaulted Amount multiplied by the
Class B Percentage] $435,434.48
3
---------------------------------------------
Series 1999-1 Monthly Statement
September 16, 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) $0.00
(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
(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 1999-1 Monthly Statement
September 16, 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 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
5
---------------------------------------------
Series 1999-1 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(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 $893,333.33
(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.)
(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
6
---------------------------------------------
Series 1999-1 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(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
(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 $6,864,862,158
(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 $157,128,757
7
---------------------------------------------
Series 1999-1 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
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) 19.00%
(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) 7.95%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1999-1
Certificates for the preceding Monthly Period) 11.05%
(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) 4.98%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1999-1
Certificates for the preceding Monthly Period) 6.07%
(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) 8.83%
I) Series 1999-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 19.00%
b) 08/15/02 18.78%
c) 07/15/02 19.25%
2) Net Loss Rate
a) 09/16/02 7.95%
b) 08/15/02 7.81%
c) 07/15/02 8.96%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 6.07%
b) 08/15/02 6.00%
c) 07/15/02 5.48%
Three Month Average 5.85%
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 9.39%
c) 07/15/02 8.38%
8
---------------------------------------------
Series 1999-1 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
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 September 16, 2002 and with
respect to the performance of the Trust during the month of August 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 $1,005.500000
(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 $1,000.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original certificate
principal amount $2.115556
(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 $2.115556
(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 $83,238,880.73
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,200,059.27
1
-------------------------------------
Series 1999-2 Monthly Statement
September 16, 2002 Distribution Date
----------------------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $536,037,404.93
(d) The Floating Allocation Percentage with respect to the Series 1999-2 Certificates
for the Monthly Period immediately preceding the Distribution Date 3.645079%
(e) The Principal Allocation Percentage with respect to the Series 1999-2 Certificates
for the Monthly Period immediately preceding the Distribution Date 9.005236%
(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 $3,223,669.46
(g) The Principal Receivables collected and allocated to the Series 1999-2
Certificates for the Monthly Period immediately preceding the Distribution Date $48,271,431.69
(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 $3,223,669.46
(b) Collection Account and Special Funding Account investment earnings allocated to the
Series 1999-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $431,753.53
(d) Class A Reserve Draw Amount $1,401,579.80
(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) $5,057,002.79
2
-------------------------------------
Series 1999-2 Monthly Statement
September 16, 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 $48,271,431.69
(b) Shared Principal Collections from other Series allocated to the Series 1999-2
Certificates $128,035,352.44
(c) Additional amounts to be treated as Available Principal Collections pursuant to the
Series Supplement $1,676,549.21
(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) $177,983,333.34
(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 $126,906,400
(b) 61-90 days
83,413,714
(c) 91 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the Monthly
Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution Date
[Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $1,676,549.21
(e) The Class A Defaulted Amount [Series 1999-2 Defaulted Amount multiplied by the Class A
Percentage] $1,104,518.88
(f) The Class B Defaulted Amount [Series 1999-2 Defaulted Amount multiplied by the Class B
Percentage] $372,775.12
3
-------------------------------------
Series 1999-2 Monthly Statement
September 16, 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) $0.00
(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
(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
4
-------------------------------------
Series 1999-2 Monthly Statement
September 16, 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) $0.00
(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
(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 1999-2 Monthly Statement
September 16, 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 1999-2 Monthly Servicing Fee payable to the Servicer on the
Distribution Date $368,934.03
(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 $119,000.00
(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 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
(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 $140,625.00
(b) The Class B Required Reserve Account Amount $140,625.00
6
-------------------------------------
Series 1999-2 Monthly Statement
September 16, 2002 Distribution Date
----------------------------------------
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 $0.00
(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 0.000000
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
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $0.00
(3) The Collateral Invested Amount as a percentage of the Adjusted Invested Amount on
such Distribution
Date 0.00%
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 25.00%
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 $6,864,862,158
7
-------------------------------------
Series 1999-2 Monthly Statement
September 16, 2002 Distribution Date
----------------------------------------
(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 $157,128,757
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) 10.35%
(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) 3.43%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1999-2
Certificates for the preceding Monthly Period) 6.92%
(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) 6.80%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1999-2 Certificates for
the preceding Monthly Period) 0.12%
(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) 8.83%
I) Series 1999-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 10.35%
b) 08/15/02 15.43%
c) 07/15/02 17.61%
2) Net Loss Rate
a) 09/16/02 3.43%
b) 08/15/02 5.66%
c) 07/15/02 8.96%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 0.12%
b) 08/15/02 2.48%
c) 07/15/02 0.94%
Three Month Average 1.18%
8
-------------------------------------
Series 1999-2 Monthly Statement
September 16, 2002 Distribution Date
----------------------------------------
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 9.39%
c) 07/15/02 8.38%
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 September
16, 2002,and with respect to the performance of the Trust during the month of
August 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 $2.008889
(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 2.008889
(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 $83,238,880.73
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,200,059.27
1
------------------------------------
Series 2000-1 Monthly Statement
September 16, 2002 Distribution Date
------------------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $536,037,404.93
(d) The Floating Allocation Percentage with respect to the Series 2000-1 Certificates for
the Monthly Period immediately preceding the Distribution Date 7.564398%
(e) The Principal Allocation Percentage with respect to the Series 2000-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 7.564398%
(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 $6,689,873.39
(g) The Principal Receivables collected and allocated to the Series 2000-1 Certificates for
the Monthly Period immediately preceding the Distribution Date $40,548,002.62
(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 $6,689,873.39
(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 $91,709.25
(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) $6,781,582.64
(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 $40,548,002.62
(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 $3,479,234.47
2
------------------------------------
Series 2000-1 Monthly Statement
September 16, 2002 Distribution Date
------------------------------------
(d) Reallocated Class D Principal Collections $276,415.71
(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) $44,303,652.80
(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 $126,906,400
(b) 61-90 days 83,413,714
(c) 91 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the Monthly
Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the Monthly
Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution Date
[Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $3,479,234.47
(e) The Class A Defaulted Amount [Series 2000-1 Defaulted Amount multiplied by the Class A
Percentage] $2,783,387.58
(f) The Class B Defaulted Amount [Series 2000-1 Defaulted Amount multiplied by the Class B
Percentage] $313,131.10
(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
3
------------------------------------
Series 2000-1 Monthly Statement
September 16, 2002 Distribution Date
------------------------------------
(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
(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
4
------------------------------------
Series 2000-1 Monthly Statement
September 16, 2002 Distribution Date
------------------------------------
(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 $12,667.79
(b) The amount by which the Class D Invested Amount has been reduced on the Distribution Date in
respect of Reallocated Principal Collections $276,415.71
(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 ) $289,083.50
(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 $94,920.00
(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
5
------------------------------------
Series 2000-1 Monthly Statement
September 16, 2002 Distribution Date
------------------------------------
(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
(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
6
------------------------------------
Series 2000-1 Monthly Statement
September 16, 2002 Distribution Date
------------------------------------
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%
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 $6,864,862,158
(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 $157,128,757
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) 15.50%
(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) 7.95%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 2000-1
Certificates for the preceding Monthly Period) 7.55%
(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) 8.46%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-1 Certificates for the
preceding Monthly Period) -0.91%
(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) 8.83%
7
------------------------------------
Series 2000-1 Monthly Statement
September 16, 2002 Distribution Date
------------------------------------
I) Series 2000-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 15.50%
b) 08/15/02 18.78%
c) 07/15/02 17.61%
2) Net Loss Rate
a) 09/16/02 7.95%
b) 08/15/02 7.81%
c) 07/15/02 8.96%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 -0.91%
b) 08/15/02 2.52%
c) 07/15/02 0.24%
Three Month Average 0.62%
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 9.39%
c) 07/15/02 8.38%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By:
---------------------------------
Name: Patricia Garvey
Title: Vice President
8
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 September 16, 2002 and with respect to the
performance of the Trust during the month of August 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 $1.733333
(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 $1.733333
(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 $2.035556
(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 $2.035556
(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 $83,238,880.73
1
--------------------------------------
Series 2000-2 Monthly Statement
September 16, 2002 Distribution Date
--------------------------------------
(b) The aggregate amount of Interchange collected and allocated to the Trust
for the Monthly Period immediately preceding the Distribution Date $5,200,059.27
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $536,037,404.93
(d) The Floating Allocation Percentage with respect to the Series 2000-2 Certificates for
the Monthly Period immediately preceding the Distribution Date 8.339569%
(e) The Principal Allocation Percentage with respect to the Series 2000-2 Certificates for
the Monthly Period immediately preceding the Distribution Date 8.339569%
(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 $7,375,426.13
(g) The Principal Receivables collected and allocated to the Series 2000-2 Certificates
for the Monthly Period immediately preceding the Distribution Date $44,703,207.46
(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 $7,375,426.13
(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 $1,040,616.12
(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
2
--------------------------------------
Series 2000-2 Monthly Statement
September 16, 2002 Distribution Date
--------------------------------------
(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) $8,416,042.25
(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 $44,703,207.46
(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 $3,835,773.17
(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) $48,538,980.63
(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 $126,906,400
(b) 61-90 days 83,413,714
(c) 91 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust
for the Monthly Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed
during the Monthly Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $3,835,773.17
3
--------------------------------------
Series 2000-2 Monthly Statement
September 16, 2002 Distribution Date
--------------------------------------
(e) The Class A Defaulted Amount [Series 2000-2 Defaulted Amount multiplied by the Class A
Percentage] $2,982,200.98
(f) The Class B Defaulted Amount [Series 2000-2 Defaulted Amount multiplied by the Class B
Percentage] $392,987.82
(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
(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 2000-2 Monthly Statement
September 16, 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 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
5
--------------------------------------
Series 2000-2 Monthly Statement
September 16, 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 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 $780,000.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $120,708.44
(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.)
6
--------------------------------------
Series 2000-2 Monthly Statement
September 16, 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) 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
(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
7
--------------------------------------
Series 2000-2 Monthly Statement
September 16, 2002 Distribution Date
--------------------------------------
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%
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 $0
(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 $0
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) 17.45%
(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) 7.95%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 2000-2
Certificates for the preceding Monthly Period) 9.50%
(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) 4.55%
8
--------------------------------------
Series 2000-2 Monthly Statement
September 16, 2002 Distribution Date
--------------------------------------
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-2 Certificates for
the preceding Monthly Period) 4.95%
(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) 8.83%
I) Series 2000-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 17.45%
b) 08/15/02 18.78%
c) 07/15/02 24.06%
2) Net Loss Rate
a) 09/16/02 7.95%
b) 08/15/02 7.81%
c) 07/15/02 8.96%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 4.95%
b) 08/15/02 6.43%
c) 07/15/02 10.74%
Three Month Average 7.37%
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 9.39%
c) 07/15/02 8.38%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
Servicer
By:
------------------------------------
Name: Patricia Garvey
Title: Vice President
9
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 September
16, 2002 and with respect to the performance of the Trust during the month of
August 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 $1.688889
(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 $1.688889
(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 $1.982222
(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 $1.982222
(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 $83,238,880.73
(b) The aggregate amount of Interchange collected and allocated to the Trust for
the Monthly Period immediately preceding the Distribution Date $5,200,059.27
(c) The aggregate amount of Principal Receivables collected during the Monthly
Period immediately preceding the Distribution Date $536,037,404.93
1
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 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 10.085864%
(e) The Principal Allocation Percentage with respect to the Series 2000-3
Certificates for the Monthly Period immediately preceding the Distribution Date 10.085864%
(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 $8,919,831.19
(g) The Principal Receivables collected and allocated to the Series 2000-3
Certificates for the Monthly Period immediately preceding the Distribution Date $54,064,003.50
(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 $8,919,831.19
(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 $1,247,230.36
(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) $10,167,061.55
2
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(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 $54,064,003.50
(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 $4,638,979.29
(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) $58,702,982.79
(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 $126,906,400
(b) 61-90 days 83,413,714
(c) 91 or more days 160,883,418
------------
(d) Total Delinquencies $371,203,532
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for
the Monthly Period immediately preceding the Distribution Date $53,084,921.45
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during
the Monthly Period immediately preceding the Distribution Date $7,090,058.66
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $45,994,862.79
(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") $4,638,979.29
(e) The Class A Defaulted Amount [Series 2000-3 Defaulted Amount multiplied by
the Class A Percentage] $3,606,806.40
(f) The Class B Defaulted Amount [Series 2000-3 Defaulted Amount multiplied by
the Class B Percentage] $475,495.38
3
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 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) $0.000000
(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
4
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 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) $0.000000
(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
(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
5
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(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 2000-3 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 $919,177.78
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $142,224.44
(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
6
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 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 $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 $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 Pool Factor 1.000000
7
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
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
(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 $6,864,862,158
(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 $157,128,757
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) 17.43%
(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) 7.95%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 2000-3
Certificates for the preceding Monthly Period) 9.48%
(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) 4.47%
8
---------------------------------------------
Series 2000-3 Monthly Statement
September 16, 2002 Distribution Date
---------------------------------------------
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-3
Certificates for the preceding Monthly Period) 5.01%
(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) 8.83%
I) Series 2000-3 Information for the Last Three Distribution Dates
1) Gross Yield
a) 09/16/02 17.43%
b) 08/15/02 18.78%
c) 07/15/02 24.00%
2) Net Loss Rate
a) 09/16/02 7.95%
b) 08/15/02 7.81%
c) 07/15/02 8.96%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 09/16/02 5.01%
b) 08/15/02 6.51%
c) 07/15/02 10.75%
Three Month Average 7.42%
4) Monthly Payment Rate
a) 09/16/02 8.83%
b) 08/15/02 9.39%
c) 07/15/02 8.38%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
Servicer
By:
--------------------------------------
Name: Patricia Garvey
Title: Vice President
9