Exhibit 20.1
MONTHLY STATEMENT
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CHASE USA MASTER TRUST (FORMERLY KNOWN AS 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
Chase USA 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 October 15, 2003, and with respect to the
performance of the Trust during the month of September 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 $1.025000
(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 $ 1.025000
(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 $1.191667
(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 $1.191667
(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 $72,396,614.18
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,519,485.11
1
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Series 1997-2 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $482,478,446.68
(d) The Floating Allocation Percentage with respect to the Series 1997-2 Certificates
for the Monthly Period immediately preceding the Distribution Date 8.233500%
(e) The Principal Allocation Percentage with respect to the Series 1997-2
Certificates for the Monthly Period immediately preceding the Distribution Date 12.215875%
(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 $6,415,221.85
(g) The Principal Receivables collected and allocated to the Series 1997-2
Certificates for the Monthly Period immediately preceding the Distribution Date $58,938,964.04
(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 $6,415,221.85
(b) Collection Account and Special Funding Account investment earnings allocated to
the Series 1997-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $163,646.91
(d) Cash Collateral Account Investment Proceeds $15,568.21
(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) $6,594,436.97
2
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Series 1997-2 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(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 $58,938,964.04
(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 $2,777,917.38
(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) $61,716,881.42
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were
delinquent as of the close of business on the last day of the
Monthly Period immediately preceding the Distribution Date.
(a) 30-59 days $111,880,193
(b) 60-89 days 76,111,918
(c) 90 or more days 146,729,454
------------
(d) Total Delinquencies $334,721,565
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $42,265,339.21
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $8,526,134.06
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $33,739,205.15
(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") $2,777,917.38
(e) The Class A Defaulted Amount [Series 1997-2 Defaulted Amount multiplied by the
Class A Percentage] $2,015,432.64
(f) The Class B Defaulted Amount [Series 1997-2 Defaulted Amount multiplied by the
Class B Percentage] $391,546.22
3
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Series 1997-2 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class A Defaulted Amount,
(ii) the Available Cash Collateral Amount applied to such Class A Defaulted
Amount, (iii) Reallocated Principal Collections applied to such Class A
Defaulted Amount, (iv) the amount by which the Collateral Invested Amount has
been reduced in respect of such Class A Defaulted Amount and (v) the amount by
which the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing,
pro rata, the amount of each Class A Certificateholder's investment) $0.000000
(c) The total amount reimbursed on the Distribution Date
in respect of Class A Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the amount
of each Class A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class B Defaulted Amount
applied to such Class B Defaulted Amount, (ii) the Available Cash Collateral
Amount, (iii) Reallocated Collateral Principal Collections applied to such Class
B Defaulted Amount and (iv) the amount by which the Collateral Invested Amount
has been reduced in respect of such Class B Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has
been reduced on the Distribution Date in respect of Reallocated Class B Principal
Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of item 6(a) (together with item 7(a), "Class B
Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount
has been reduced on the Distribution Date as set forth in items 7(a), (b) and(C) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate
principal amount (which will have the effect of reducing, pro rata, the amount
of each Class B Certificateholder's investment) $0.000000
4
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Series 1997-2 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(f) The total amount reimbursed on the Distribution Date in respect of reductions in $0.00
the Class B Invested Amount on prior Distribution Date
(g) The amount set forth in item 7(f) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the amount
of each Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over Available Finance
Charge Collections applied to such Collateral Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on the
Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been reduced on the
Distribution Date as set forth in items 8(a), (b) and ( c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of reductions in
the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Collateral
Interest exceeds the Collateral Invested Amount, if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(9) Investor Monthly Servicing Fee
(a) The amount of the Series 1997-2 Monthly Servicing Fee payable to the Servicer on
the Distribution Date $786,333.33
(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 $584,762.50
5
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Series 1997-2 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $79,245.83
(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 $285,250,000.00
(b) Deposits to the Principal Funding Account are currently scheduled to commence on
the Distribution Date occurring in June 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 $2,852,500.00
(b) The Required Reserve Account Amount, if any, selected by the Servicer $2,852,500.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $570,500,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $570,500,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class A
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in
the Class A Invested Amount on such Distribution Date, to the Class A Initial Invested
Amount). The amount of a Class A Certificateholder's pro rata share of the Class A
Invested Amount can be determined by multiplying the original denomination of the Class A
Certificateholder's Certificate by the Pool Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $66,500,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $66,500,000.00
6
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Series 1997-2 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(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 $5,634,535,751
(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 $219,984,609
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 365 days divided by
number of calendar days in the month.) Effective November 2002 monthly period. 11.46%
(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) 4.76%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 1997-2
Certificates for the preceding Monthly Period) 6.70%
(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) 2.65%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 1997-2 Certificates
for the preceding Monthly Period) 4.05%
7
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Series 1997-2 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly
Period divided by the amount of Receivables in the Trust as of the last day of the next
preceding Monthly Period) 9.43%
H) Series 1997-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 10/15/03 11.46%
b) 09/15/03 12.34%
c) 08/15/03 13.86%
2) Net Loss Rate
a) 10/15/03 4.76%
b) 09/15/03 5.94%
c) 08/15/03 6.11%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 10/15/03 4.05%
b) 09/15/03 3.55%
c) 08/15/03 4.74%
Three Month Average 4.11%
4) Monthly Payment Rate
a) 10/15/03 9.43%
b) 09/15/03 9.53%
c) 08/15/03 9.62%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By: _________________________________
Name: Patricia Garvey
Title: Vice President
8
MONTHLY STATEMENT
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CHASE USA MASTER TRUST (FORMERLY KNOWN AS 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 Chase USA 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 OCTOBER
15, 2003, AND WITH RESPECT TO THE PERFORMANCE OF THE TRUST DURING THE MONTH OF
SEPTEMBER 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 $1.125000
(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 $1.125000
(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 $72,396,614.18
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,519,485.11
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $482,478,446.68
1
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Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(d) The Floating Allocation Percentage with respect to the Series 1999-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 9.005292%
(e) The Principal Allocation Percentage with respect to the Series 1999-1
Certificates for the Monthly Period immediately preceding the Distribution Date 11.186699%
(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 $7,016,572.65
(g) The Principal Receivables collected and allocated to the Series 1999-1
Certificates for the Monthly Period immediately preceding the Distribution Date $53,973,410.38
(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 $7,016,572.65
(b) Collection Account and Special Funding Account investment earnings allocated to
the Series 1999-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $88,648.07
(d) Reserve Draw Amount $0.00
(e) Additional Finance Charges from other Series allocated to the Series 1999-1
Certificates $0.00
(f) Payments, if any, on deposit as of the Determination Date received from any
Interest Rate Protection Agreements $0.00
(g) Reallocated Class D Principal Collections $0.00
(h) Reallocated Collateral Principal Collections $0.00
(i) Reallocated Class B Principal Collections $0.00
(j) Total Available Finance Charge Collections and Reallocated Principal Collections
for Series 1999-1 (total of (a), (b), (c), (d), (e), (f), (g), (h), and (i)
above) $7,105,220.72
2
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Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(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 $53,973,410.38
(b) Shared Principal Collections from other Series allocated to the Series 1999-1
Certificates $0.00
(c) Additional amounts to be treated as Available Principal Collections pursuant to
the Series Supplement $3,038,314.11
(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) $57,011,724.49
(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 $111,880,193
(b) 61-90 days 76,111,918
(c) 91 or more days 146,729,454
------------
(d) Total Delinquencies $334,721,565
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $42,265,339.21
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $8,526,134.06
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $33,739,205.15
(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") $3,038,314.11
(e) The Class A Defaulted Amount [Series 1999-1 Defaulted Amount multiplied by the
Class A Percentage] $2,207,967.39
3
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Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
------------------------------
(f) The Class B Defaulted Amount [Series 1999-1 Defaulted Amount multiplied
by the Class B Percentage] $386,865.33
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class A Defaulted
Amount, (ii) Reallocated Principal Collections applied to such Class A
Defaulted Amount, (iii) the amount by which the Class D Invested Amount
has been reduced in respect of such Class A Defaulted Amount, (iv) the
amount by which the Collateral Invested Amount has been reduced in
respect of such Class A Defaulted Amount and (v) the amount by which the
Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of
reducing, pro rata, the amount of each Class A Certificateholder's
investment) $0.00
(c) The total amount reimbursed on the Distribution Date in
respect of
Class A Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000
original certificate principal amount (which will
have the effect of increasing, pro rata,
the amount of each Class A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the
Class A Certificates exceeds the Class A Invested Amount if any, as of
the Distribution Date, after giving effect to all deposits, withdrawals and
distributions on such Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class B Defaulted
Amount, (ii) Reallocated Class D Principal Collections applied to such
Class B Defaulted Amount, (iii) Reallocated Collateral Principal
Collections applied to such Class B Defaulted Amount, (iv) the amount by
which the Class D Invested Amount has been reduced in respect of such
Class B Defaulted Amount and (v) the amount by which the Collateral
Invested Amount has been reduced in respect of such Class B Defaulted
Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Class B Principal Collections $0.00
4
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Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
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(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 inrespect of
reductions in the Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000
original certificate principal amount (which will
have the effect of increasing, pro rata,
the amount of each Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding
principal balance of the Class B Certificates
exceeds the Class B Invested Amount if any, as of
the Distribution Date, after giving effect to all
deposits, withdrawals
and distributions on such Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted
Amount over the sum of (i) Available Finance Charge
Collections applied to such Collateral Defaulted
Amount, (ii) Reallocated Class D Principal
Collections applied to such Collateral Defaulted
Amount and (iii) the Amount by which the Class D
Invested Amount has been reduced in respect of such
Collateral Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount
has been reduced the Distribution Date in respect of
Reallocated Collateral Principal
Collections $0.00
(c) The amount by which the Collateral Invested Amount has been reduced on
the Distribution Date in respect of items 6(a) and 7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has been
reduced on the Distribution Date as set forth in items 8(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of
reductions in the Collateral Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance
of the Collateral Interest exceeds the Collateral Invested Amount,
if any, as of the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on the Distribution Date $0.00
5
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Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
------------------------------
(9) Reductions in the Class D Interest
(a) The excess, if any, of the Class D Defaulted Amount over Available
Finance Charge Collections applied to such Class D Defaulted Amount $0.00
(b) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Principal Collections $0.00
(c) The amount by which the Class D Invested Amount has been reduced on the
Distribution Date in respect of items 6(a), 7(a) and 8(a) above $0.00
(d) The total amount by which the Class D Invested Amount has been reduced
on the Distribution Date as set forth in items 9(a), (b) and (c ) $0.00
(e) The total amount reimbursed on the Distribution Date in respect of
reductions in the Class D Invested Amount on prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance of the Class D
Interest exceeds the Class D Invested Amount, if any, as of the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(10) Investor Monthly Servicing Fee
(a) The amount of the Series 1999-1 Monthly Servicing Fee payable to the
Servicer on the Distribution Date $752,537.39
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $562,500.00
(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 $166,666,666.68
(b) Deposits to the Principal Funding Account are currently scheduled to
commence on the Distribution Date occurring in OCTOBER 2003 (The initial
funding date for the Principal Funding Account may be modified in certain
circumstances in accordance with the terms of the Series Supplement.)
6
------------------------------
Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
------------------------------
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(15) Reserve Account
(a) The amount on deposit in the Reserve Account on the
Distribution Date, after giving effect to all
deposits, withdrawals and distributions on
such Distribution Date and the related Transfer Date $2,500,000.00
(b) The Required Reserve Account Amount $2,500,000.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $500,000,000.00
(2) The Class A Invested Amount on the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such
Distribution Date $500,000,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of
the Class A Invested Amount, as of such Distribution Date, after giving
effect to any adjustment in the Class A Invested Amount on such
Distribution Date, to the Class A Initial Invested Amount). The amount of
a Class A Certificateholder's pro rata share of the Class A Invested
Amount can be determined by multiplying the original denomination of the
Class A Certificateholder's Certificate by the Pool Factor 1.00000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $65,705,000.00
(2) The Class B Invested Amount on the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such
Distribution Date $65,705,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of
the Class B Invested Amount, as of such Distribution Date, after giving
effect to any adjustment in the Class B Invested Amount on such
Distribution Date, to the Class B Initial Invested Amount). The amount of
a Class B Certificateholder's pro rata share of the Class B Invested
Amount can be determined by multiplying the original denomination of the
Class B Certificateholder's Certificate by the Pool Factor 1.000000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $52,884,000.00
(2) The Collateral Invested Amount on the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such Date $52,884,000.00
7
------------------------------
Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
------------------------------
(3) The Collateral Invested Amount as a percentage of the sum of the
Invested Amount on such Distribution Date 8.25%
F) Class D Invested Amount
(1) The Class D Initial Invested Amount $22,436,642.00
(2) The Class D Invested Amount on the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such
Distribution Date $22,436,642.00
(3) The Class D Invested Amount as a percentage of the sum of the Invested
Amount on such Distribution Date 3.50%
G) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the
close of business on the last day of the immediately preceding Monthly Period $5,634,535,751
(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 $219,984,609
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 365 days divided by
number of days in calendar month.)
Effective November 2002 monthly period. 13.49%
(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) 5.69%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for
the Series 1999-1 Certificates for the preceding Monthly Period) 7.80%
(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) 3.97%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the
Series 1999-1 Certificates for the preceding Monthly Period) 3.83%
8
------------------------------
Series 1999-1 Monthly Statement
OCTOBER 15, 2003 DISTRIBUTION DATE
------------------------------
(6) The Monthly Payment Rate (Collections of Principal
Receivables and Finance Charge Receivables with respect to
all Receivables in the Trust for the preceding Monthly
Period divided by the amount of Receivables in the Trust as
of the last day of the next preceding Monthly Period) 9.43%
I) Series 1999-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 10/15/03 13.49%
b) 09/15/03 14.06%
c) 08/15/03 15.36%
2) Net Loss Rate
a) 10/15/03 5.69%
b) 09/15/03 6.84%
c) 08/15/03 6.82%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 10/15/03 3.83%
b) 09/15/03 3.10%
c) 08/15/03 4.29%
Three Month Average 3.74%
4) Monthly Payment Rate
a) 10/15/03 9.43%
b) 09/15/03 9.53%
c) 08/15/03 9.62%
CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION Servicer
By:
-----------------------------
Name: Patricia Garvey
Title: Vice President
9
MONTHLY STATEMENT
------------------------------------------------
CHASE USA MASTER TRUST (FORMERLY KNOWN AS 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 Chase USA 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 October 15, 2003,and with
respect to the performance of the Trust during the month of September is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Investor Certificate. Certain other information
is presented based on the aggregate amounts for the Trust as a whole.
Capitalized terms used in this Certificate have their respective meanings set
forth in the Agreement or Series Supplement, as applicable.
A) Information Regarding the Current Monthly Distribution for the Series 2000-1 Class A Certificates
and Class B Certificates (stated on the basis of $1,000 original certificate principal amount)
(1) The total amount distributed to Class A Certificateholders per $1,000 original certificate
principal amount $6.241667
(2) The amount set forth in A(1) above distributed to Class A Certificateholders with respect
to interest per $1,000 original certificate principal amount $6.241667
(3) The amount set forth in A(1) above distributed to Class A Certificateholders with respect
to principal per $1,000 original certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per $1,000 original certificate
principal amount $1.333333
(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 $1.333333
(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 $72,396,614.18
(b) The aggregate amount of Interchange collected and allocated to the Trust for the
Monthly Period immediately preceding the Distribution Date $5,519,485.11
1
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $482,478,446.68
(d) The Floating Allocation Percentage with respect to the Series 2000-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 9.161906%
(e) The Principal Allocation Percentage with respect to the Series 2000-1 Certificates
for the Monthly Period immediately preceding the Distribution Date 9.161906%
(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 $7,138,599.98
(g) The Principal Receivables collected and allocated to the Series 2000-1 Certificates
for the Monthly Period immediately preceding the Distribution Date $44,204,223.03
(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 $7,138,599.98
(b) Collection Account and Special Funding Account investment earnings allocated to the
Series 2000-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Class A Reserve Draw Amount $0.00
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the Series 2000-1
Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from any Interest
Rate Protection Agreements $0.00
(h) Reallocated Class D Principal Collections $0.00
(i) Reallocated Collateral Principal Collections $0.00
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated Principal Collections for
Series 2000-1 (total of (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j) above) $7,138,599.98
2
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
(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 $44,204,223.03
(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 $3,091,154.35
(d) Reallocated Class D Principal Collections $0.00
(e) Reallocated Collateral Principal Collections $0.00
(f) Reallocated Class B Principal Collections $0.00
(g) Available Principal Collections for Series 2000-1 (total of (a), (b) and ( c) minus
(d), (e) and (f) above) $47,295,377.38
(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 $111,880,193
(b) 61-90 days 76,111,918
(c) 91 or more days 146,729,454
(d) Total Delinquencies $334,721,565
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust for the
Monthly Period immediately preceding the Distribution Date $42,265,339.21
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed during the
Monthly Period immediately preceding the Distribution Date $8,526,134.06
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $33,739,205.15
(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") $3,091,154.35
(e) The Class A Defaulted Amount [Series 2000-1 Defaulted Amount multiplied by the Class
A Percentage] $2,472,923.48
(f) The Class B Defaulted Amount [Series 2000-1 Defaulted Amount multiplied by the Class
B Percentage] $278,203.89
3
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class A Defaulted Amount, (ii)
Reallocated Principal Collections applied to such Class A Defaulted Amount, (iii)
the amount by which the Class D Invested Amount has been reduced in respect of such
Class A Defaulted Amount, (iv) the amount by which the Collateral Invested Amount
has been reduced in respect of such Class A Defaulted Amount and (v) the amount by
which the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a "Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing, pro
rata, the amount of each Class A Certificateholder's investment) $0.000000
(c) The total amount reimbursed on the Distribution Date in respect of Class A
Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each Class
A Certificateholder's investment) $0.0000000
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i) Available
Finance Charge Collections applied to such Class B Defaulted Amount,
(ii) Reallocated Class D Principal Collections applied to such Class B Defaulted
Amount, (iii) Reallocated Collateral Principal Collections applied to such Class B
Defaulted Amount, (iv) the amount by which the Class D Invested Amount has
been reduced in respect of such Class B Defaulted Amount and (v) the amount by
which the Collateral Invested Amount has been reduced in respect of such
Class B Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the Distribution
Date in respect of Reallocated Class B Principal Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the Distribution
Date in respect of item 6(a) (together with item 7(a), "Class B Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and ( c) $0.00
4
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
(e) The amount set forth in item 7(d) above per $1,000 original certificate principal
amount (which will have the effect of reducing, pro rata, the amount of each Class B
Certificateholder's investment) $0.000000
(f) The total amount reimbursed on the Distribution Date in respect of reductions in the
Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each Class
B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over 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
5
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
(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 2000-1 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 $63,000.00
(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 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 $2,100,000.00
(b) The Class A Required Reserve Account Amount $2,100,000.00
6
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such Distribution
Date and the related Transfer Date $0.00
(b) The Class B Required Reserve Account Amount $0.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $420,000,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $420,000,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class A
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class A Invested Amount on such Distribution Date, to the Class A Initial Invested Amount).
The amount of a Class A Certificateholder's pro rata share of the Class A Invested Amount
can be determined by multiplying the original denomination of the Class A
Certificateholder's Certificate by the Pool Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $47,250,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $47,250,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class B
Invested Amount, as of such Distribution Date, after giving effect to any adjustment in the
Class B Invested Amount on such Distribution Date, to the Class B Initial Invested Amount).
The amount of a Class B Certificateholder's pro rata share of the Class B Invested Amount
can be determined by multiplying the original denomination of the Class B
Certificateholder's Certificate by the Pool Factor 1.000000
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $42,000,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $42,000,000.00
(3) The Collateral Invested Amount as a percentage of the Invested Amount on such Distribution
Date 8.00%
7
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
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 $5,634,535,751
(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 $219,984,609
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 365 divided by number of days in
the calendar month.) Effective November 2002 monthly period. 16.54%
(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) 7.07%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 2000-1
Certificates for the preceding Monthly Period) 9.47%
(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) 8.32%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-1 Certificates
for the preceding Monthly Period) 1.15%
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly Period
divided by the amount of Receivables in the Trust as of the last day of the next preceding
Monthly Period) 9.43%
8
----------------------------
Series 2000-1 Monthly Statement
October 15, 2003 Distribution Date
----------------------------
I) Series 2000-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 10/15/03 16.54%
b) 09/15/03 16.04%
c) 08/15/03 16.37%
2) Net Loss Rate
a) 10/15/03 7.07%
b) 09/15/03 7.87%
c) 08/15/03 7.29%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 10/15/03 1.15%
b) 09/15/03 -0.16%
c) 08/15/03 0.75%
Three Month Average 0.58%
4) Monthly Payment Rate
a) 10/15/03 9.43%
b) 09/15/03 9.53%
c) 08/15/03 9.62%
CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION Servicer
By:
-------------------------
Name: Patricia Garvey
Title: Vice President
9
MONTHLY STATEMENT
-----------------------------------------------------
CHASE USA MASTER TRUST (FORMERLY KNOWN AS 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 Chase
USA 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 October 15, 2003 and with respect to the
performance of the Trust during the month of September 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 $1.075000
(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 $1.075000
(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 $1.358333
(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 $1.358333
(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 $72,396,614.18
1
-----------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
-----------------------------------
(b) The aggregate amount of Interchange collected and allocated to the Trust
for the Monthly Period immediately preceding the Distribution Date $5,519,485.11
(c) The aggregate amount of Principal Receivables collected during the Monthly
Period immediately preceding the Distribution Date $482,478,446.68
(d) The Floating Allocation Percentage with respect to the Series 2000-2
Certificates for the Monthly Period immediately preceding the Distribution Date 10.100784%
(e) The Principal Allocation Percentage with respect to the Series 2000-2
Certificates for the Monthly Period immediately preceding the Distribution Date 10.100784%
(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 $7,870,136.51
(g) The Principal Receivables collected and allocated to the Series 2000-2
Certificates for the Monthly Period immediately preceding the Distribution Date $48,734,103.41
(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 $7,870,136.51
(b) Collection Account and Special Funding Account investment earnings allocated to
the Series 2000-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $0.00
(d) Class A Reserve Draw Amount $0.00
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the Series 2000-2
Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from any
Interest Rate Protection Agreements $0.00
(h) Reallocated Class D Principal Collections $0.00
(i) Reallocated Collateral Principal Collections $0.00
2
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------------
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated Principal Collections
for Series 2000-2 (total of (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j)
above) $7,870,136.51
(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 $48,734,103.41
(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 $3,407,924.07
(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) $52,142,027.48
(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 $111,880,193
(b) 61-90 days 76,111,918
(c) 91 or more days 146,729,454
(d) Total Delinquencies $334,721,565
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust
for the Monthly Period immediately preceding the Distribution Date $42,265,339.21
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed
during the Monthly Period immediately preceding the Distribution Date $8,526,134.06
3
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------------
(c) The Defaulted Amount for the Monthly Period immediately preceding the
Distribution Date [Defaulted Receivables minus Recoveries] $33,739,205.15
(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") $3,407,924.07
(e) The Class A Defaulted Amount [Series 2000-2 Defaulted Amount multiplied by the
Class A Percentage] $2,649,560.87
(f) The Class B Defaulted Amount [Series 2000-2 Defaulted Amount multiplied by the
Class B Percentage] $349,153.24
(6) Class A Charge-Offs
(a) The excess, if any, of the Class A Defaulted Amount over the sum of
(i) Available Finance Charge Collections applied to such Class A
Defaulted Amount, (ii) Reallocated Principal Collections applied to such
Class A Defaulted Amount, (iii) the amount by which the Class D invested
Amount has been reduced in respect of such Class A Defaulted Amount,
(iv) the amount by which the Collateral Invested Amount has been reduced
in respect of such Class A Defaulted Amount and (v) the amount by which
the Class B Invested Amount has been reduced in respect of such Class A
Defaulted Amount (a"Class A Charge-Off") $0.00
(b) The amount of the Class A Charge-Off set forth in item 6(a) above, per $1,000
original certificate principal amount (which will have the effect of reducing,
pro rata, the amount of each Class A Certificateholder's investment) $0.000000
(c) The total amount reimbursed on the Distribution Date in respect of Class A
Charge-Offs for prior Distribution Dates $0.00
(d) The amount set forth in item 6(c) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the amount
of each Class A Certificateholder's investment) $0.000000
(e) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
4
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------------
(7) Class B Charge-Offs
(a) The excess, if any, of the Class B Defaulted Amount over the sum of (i)
Available Finance Charge Collections applied to such Class B Defaulted Amount,
(ii) Reallocated Class D Principal Collections applied to such Class B Defaulted
Amount, (iii) Reallocated Collateral Principal Collections applied to such Class
B Defaulted Amount, (iv) the amount by which the Class D Invested Amount has
been reduced in respect of such Class B Defaulted Amount and (v) the amount by
which the Collateral Invested Amount has been reduced in respect of such Class B
Defaulted Amount $0.00
(b) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of Reallocated Class B Principal Collections $0.00
(c) The amount by which the Class B Invested Amount has been reduced on the
Distribution Date in respect of item 6(a) (together with item 7(a), "Class B
Charge-Offs") $0.00
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and ( c) $0.00
(e) The amount set forth in item 7(d) above per $1,000 original certificate
principal amount (which will have the effect of reducing, pro rata, the amount
of each Class B Certificateholder's investment) $0.000000
(f) The total amount reimbursed on the Distribution Date in respect of reductions in
the Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate
principal amount (which will have the effect of increasing, pro rata, the amount
of each Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over the sum of
(i) Available Finance Charge Collections applied to such Collateral
Defaulted Amount, (ii) Reallocated Class D Principal Collections applied to
such Collateral Defaulted Amount and (iii) the amount by which the
Class D Invested Amount has been reduced in respect of such Collateral
Defaulted Amount $0.00
5
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 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 $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
6
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------------
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $483,750.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $80,549.17
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(b) Deposits to the Principal Funding Account are currently scheduled to commence on
the Distribution Date occurring in August 2004 (The initial funding date for the
Principal Funding Account may be modified in certain circumstances in accordance
with the terms of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(15) Class A Reserve Account
(a) The amount on deposit in the Class A Reserve Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date and the related Transfer Date $0.00
(b) The Class A Required Reserve Account Amount $0.00
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date and the related Transfer Date $0.00
(b) The Class B Required Reserve Account Amount $0.00
7
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------------
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
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%
8
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------------
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 $5,634,535,751
(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 $219,984,609
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 365 divided by
the number of days in the calendar month) Effective November 2002 monthly period. 16.54%
(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) 7.07%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 2000-2
Certificates for the preceding Monthly Period) 9.47%
(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) 3.85%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-2
Certificates for the preceding Monthly Period) 5.62%
9
---------------------------------------
Series 2000-2 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------------
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly
Period divided by the amount of Receivables in the Trust as of the last day of the next
preceding Monthly Period) 9.43%
I) Series 2000-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 10/15/03 16.54%
b) 09/15/03 16.04%
c) 08/15/03 16.37%
2) Net Loss Rate
a) 10/15/03 7.07%
b) 09/15/03 7.87%
c) 08/15/03 7.29%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 10/15/03 5.62%
b) 09/15/03 4.29%
c) 08/15/03 5.20%
Three Month Average 5.04%
4) Monthly Payment Rate
a) 10/15/03 9.43%
b) 09/15/03 9.53%
c) 08/15/03 9.62%
CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION, Servicer
By:
---------------------------------
Name: Patricia Garvey
Title: Vice President
10
MONTHLY STATEMENT
-----------------------------------------------------
CHASE USA MASTER TRUST (FORMERLY KNOWN AS 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 Chase USA 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 October
15, 2003 and with respect to the performance of the Trust during the month of
September 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 $1.033333
(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 $1.033333
(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 $1.308333
(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 $1.308333
(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 $72,396,614.18
(b) The aggregate amount of Interchange collected and allocated to the Trust
for the Monthly Period immediately preceding the Distribution Date $5,519,485.11
(c) The aggregate amount of Principal Receivables collected during the Monthly Period
immediately preceding the Distribution Date $482,478,446.68
1
---------------------------------
Series 2000-3 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------
(d) The Floating Allocation Percentage with respect to the Series 2000-3 Certificates
for the Monthly Period immediately preceding the Distribution Date 6.517169%
(e) The Principal Allocation Percentage with respect to the Series 2000-3 Certificates
for the Monthly Period immediately preceding the Distribution Date 12.215875%
(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 $5,077,924.12
(g) The Principal Receivables collected and allocated to the Series 2000-3
Certificates for the Monthly Period immediately preceding the Distribution Date $58,938,964.04
(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 $5,077,924.12
(b) Collection Account and Special Funding Account investment earnings allocated to
the Series 2000-3 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $231,584.29
(d) Class A Reserve Draw Amount $0.00
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the Series 2000-3
Certificates $0.00
(g) Payments, if any, on deposit as of the Determination Date received from any
Interest Rate Protection Agreements $0.00
(h) Reallocated Class D Principal Collections $0.00
(i) Reallocated Collateral Principal Collections $0.00
(j) Reallocated Class B Principal Collections $0.00
(k) Total Available Finance Charge Collections and Reallocated Principal Collections
for Series 2000-3 (total of (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j)
above) $5,309,508.41
2
---------------------------------
Series 2000-3 Monthly Statement
October 15, 2003 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 $58,938,964.04
(b) Shared Principal Collections from other Series allocated to the Series 2000-3
Certificates $47,712,194.83
(c) Additional amounts to be treated as Available Principal Collections pursuant to
the Series Supplement $2,198,841.13
(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) $108,850,000.00
(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) 31-60 days $111,880,193
(b) 61-90 days 76,111,918
(c) 91 or more days 146,729,454
(d) Total Delinquencies $334,721,565
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to the Trust
for the Monthly Period immediately preceding the Distribution Date $42,265,339.21
(b) The aggregate Amount of Recoveries of Defaulted Receivables processed
during the Monthly Period immediately preceding the Distribution Date $8,526,134.06
(c) The Defaulted Amount for the Monthly Period immediately preceding the Distribution
Date [Defaulted Receivables minus Recoveries] $33,739,205.15
(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") $2,198,841.13
(e) The Class A Defaulted Amount [Series 2000-3 Defaulted Amount multiplied by the
Class A Percentage] $1,281,798.67
(f) The Class B Defaulted Amount [Series 2000-3 Defaulted Amount multiplied by the
Class B Percentage] $422,457.76
3
---------------------------------
Series 2000-3 Monthly Statement
October 15, 2003 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
(d) The total amount by which the Class B Invested Amount has been reduced on the
Distribution Date as set forth in items 7(a), (b) and ( c) $0.00
4
---------------------------------
Series 2000-3 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------
(e) The amount set forth in item 7(d) above per $1,000 original certificate principal
amount (which will have the effect of reducing, pro rata, the amount of each Class
B Certificateholder's investment) $0.000000
(f) The total amount reimbursed on the Distribution Date in respect of reductions in
the Class B Invested Amount on prior Distribution Dates $0.00
(g) The amount set forth in item 7(f) above per $1,000 original certificate principal
amount (which will have the effect of increasing, pro rata, the amount of each
Class B Certificateholder's investment) $0.000000
(h) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount if any, as of the Distribution
Date, after giving effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(8) Reductions in the Collateral Interest
(a) The excess, if any, of the Collateral Defaulted Amount over 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
5
---------------------------------
Series 2000-3 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------
(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 $544,614.58
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $562,391.67
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $93,872.92
(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 $435,400,000.00
(b) Deposits to the Principal Funding Account are currently scheduled to commence on
the Distribution Date occurring in July 2003 (The initial funding date for the
Principal Funding Account may be modified in certain circumstances in accordance
with the terms of the Series Supplement.)
(14) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the Distribution Date, after
giving effect to all deposits, withdrawals and distributions on such Distribution
Date $0.00
(15) Class A Reserve Account
(a) The amount on deposit in the Class A Reserve Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date and the related Transfer Date $2,721,250.00
(b) The Class A Required Reserve Account Amount $2,721,250.00
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---------------------------------
Series 2000-3 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the Distribution Date,
after giving effect to all deposits, withdrawals and distributions on such
Distribution Date and the related Transfer Date $179,375.00
(b) The Class B Required Reserve Account Amount $179,375.00
C) Class A Invested Amount
(1) The Class A Initial Invested Amount $544,250,000.00
(2) The Class A Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $544,250,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the Class
A Invested Amount, as of such Distribution Date, after giving effect to any
adjustment in the Class A Invested Amount on such Distribution Date, to the
Class A Initial Invested Amount). The amount of a Class A Certificateholder's
pro rata share of the Class A Invested Amount can be determined by multiplying
the original denomination of the Class A Certificateholder's Certificate by the
Pool Factor 1.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $71,750,000.00
(2) The Class B Invested Amount on the Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $71,750,000.00
(3) The Pool Factor for the Distribution Date (which represents the ratio of the
Class B Invested Amount, as of such Distribution Date, after giving effect to any
adjustment in the Class B Invested Amount on such Distribution Date, to the
Class B Initial Invested Amount). The amount of a Class B Certificateholder's
pro rata share of the Class B Invested Amount can be determined by multiplying
the original denomination of the Class B Certificateholder's Certificate by the 1.000000
Pool Factor
E) Collateral Invested Amount
(1) The Collateral Initial Invested Amount $59,500,000.00
(2) The Collateral Invested Amount on the Distribution Date, after giving effect to all
deposits, withdrawals and distributions on such Distribution Date $59,500,000.00
(3) The Collateral Invested Amount as a percentage of the Invested Amount on such Distribution
Date 8.50%
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Series 2000-3 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------
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 $5,634,535,751
(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 $219,984,609
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 365 divided by the
number of days in the calendar month.) Effective November 2002 monthly period. 9.23%
(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) 3.77%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the Series 2000-3
Certificates for the preceding Monthly Period) 5.46%
(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) 2.84%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the Series 2000-3 Certificates
for the preceding Monthly Period) 2.62%
(6) The Monthly Payment Rate (Collections of Principal Receivables and Finance Charge
Receivables with respect to all Receivables in the Trust for the preceding Monthly Period
divided by the amount of Receivables in the Trust as of the last day of the next preceding
Monthly Period) 9.43%
8
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Series 2000-3 Monthly Statement
October 15, 2003 Distribution Date
---------------------------------
I) Series 2000-3 Information for the Last Three Distribution Dates
1) Gross Yield
a) 10/15/03 9.23%
b) 09/15/03 11.29%
c) 08/15/03 13.95%
2) Net Loss Rate
a) 10/15/03 3.77%
b) 09/15/03 5.42%
c) 08/15/03 6.16%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 10/15/03 2.62%
b) 09/15/03 2.69%
c) 08/15/03 4.30%
Three Month Average 3.20%
4) Monthly Payment Rate
a) 10/15/03 9.43%
b) 09/15/03 9.53%
c) 08/15/03 9.62%
CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION, Servicer
By:
----------------------------
Name: Patricia Garvey
Title: Vice President
9