Exhibit 99.1
MONTHLY STATEMENT
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CHASE USA MASTER TRUST (FORMERLY KNOWN AS PROVIDIAN MASTER TRUST)
SERIES 2000-1
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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, 2004,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 $1.866667
(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 $1.866667
(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 $58,401,835.34
(b) The aggregate amount of Interchange collected and allocated
to the Trust for the Monthly Period immediately preceding the
Distribution Date $5,685,527.84
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Series 2000-1 Monthly Statement
October 15, 2004 Distribution Date
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(c) The aggregate amount of Principal Receivables collected
during the Monthly Period immediately preceding the
Distribution Date $412,177,269.67
(d) The Floating Allocation Percentage with respect to the
Series 2000-1 Certificates for the Monthly Period
immediately preceding the Distribution Date 6.094188%
(e) The Principal Allocation Percentage with respect to the
Series 2000-1 Certificates for the Monthly Period immediately
preceding the Distribution Date 10.969538%
(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 $3,905,604.37
(g) The Principal Receivables collected and allocated to the
Series 2000-1 Certificates for the Monthly Period
immediately preceding the Distribution Date $45,213,943.61
(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 $3,905,604.37
(b) Collection Account and Special Funding Account investment
earnings allocated to the Series 2000-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $289,281.87
(d) Class A Reserve Draw Amount $1,167,107.02
(e) Class B Reserve Draw Amount $0.00
(f) Additional Finance Charges from other Series allocated to the
Series 2000-1 Certificates $443,994.38
(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) $5,805,987.64
2
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Series 2000-1 Monthly Statement
October 15, 2004 Distribution Date
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(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 $45,213,943.61
(b) Shared Principal Collections from other Series allocated to
the Series 2000-1 Certificates $50,739.66
(c) Additional amounts to be treated as Available Principal
Collections pursuant to the Series Supplement $1,401,983.40
(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) $46,666,666.67
(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 $93,280,477
(b) 61-90 days 60,858,194
(c) 91 or more days 123,561,449
------------
(d) Total Delinquencies $277,700,120
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect
to the Trust for the Monthly Period immediately preceding
the Distribution Date $28,719,188.53
(b) The aggregate Amount of Recoveries of Defaulted Receivables
processed during the Monthly Period
immediately preceding the Distribution Date $5,713,934.85
(c) The Defaulted Amount for the Monthly Period immediately
preceding the Distribution Date [Defaulted Receivables minus
Recoveries] $23,005,253.68
(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") $1,401,983.40
(e) The Class A Defaulted Amount [Series 2000-1 Defaulted
Amount multiplied by the Class A Percentage] $897,269.38
(f) The Class B Defaulted Amount [Series 2000-1 Defaulted
Amount multiplied by the Class B Percentage] $227,121.31
3
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Series 2000-1 Monthly Statement
October 15, 2004 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)
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
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Series 2000-1 Monthly Statement
October 15, 2004 Distribution Date
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(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
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Series 2000-1 Monthly Statement
October 15, 2004 Distribution Date
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(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 $425,347.22
(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 $88,200.00
(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 $280,000,000.02
(b) Deposits to the Principal Funding Account are currently
scheduled to commence on the Distribution Date occurring in
May 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
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Series 2000-1 Monthly Statement
October 15, 2004 Distribution Date
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(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 $118,125.00
(b) The Class B Required Reserve Account Amount $118,125.00
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%
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Series 2000-1 Monthly Statement
October 15, 2004 Distribution Date
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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 $4,743,495,580
(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 $237,916,332
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 366 divided by number of days in the
calendar month.) Effective November 2002 monthly period. 13.49%
(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) 3.20%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate
for the Series 2000-1 Certificates for the preceding Monthly
Period) 10.29%
(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) 7.54%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the
Series 2000-1 Certificates for the preceding Monthly Period) 2.75%
(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) 9.50%
8
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Series 2000-1 Monthly Statement
October 15, 2004 Distribution Date
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I) Series 2000-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 10/15/04 13.49%
b) 09/15/04 13.73%
c) 08/16/04 13.53%
2) Net Loss Rate
a) 10/15/04 3.20%
b) 09/15/04 4.46%
c) 08/16/04 4.58%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 10/15/04 2.75%
b) 09/15/04 1.58%
c) 08/16/04 1.10%
Three Month Average 1.81%
4) Monthly Payment Rate
a) 10/15/04 9.50%
b) 09/15/04 10.56%
c) 08/16/04 9.76%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Servicer
By: _________________________________
Name: Patricia Garvey
Title: Vice President
9
MONTHLY STATEMENT
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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, 2004 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 $1.608333
(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 $1.608333
(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 $1.891667
(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 $1.891667
(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 $58,401,835.34
1
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Series 2000-2 Monthly Statement
October 15, 2004 Distribution Date
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(b) The aggregate amount of Interchange collected and
allocated to the Trust for the Monthly Period immediately
preceding the Distribution Date $5,685,527.84
(c) The aggregate amount of Principal Receivables collected
during the Monthly Period immediately preceding the
Distribution Date $412,177,269.67
(d) The Floating Allocation Percentage with respect to the
Series 2000-2 Certificates for the Monthly Period
immediately preceding the Distribution Date 11.238888%
(e) The Principal Allocation Percentage with respect to the
Series 2000-2 Certificates for the Monthly Period
immediately preceding the Distribution Date 12.093655%
(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 $7,202,706.66
(g) The Principal Receivables collected and allocated to the
Series 2000-2 Certificates for the Monthly Period
immediately preceding the Distribution Date $49,847,296.31
(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 $7,202,706.66
(b) Collection Account and Special Funding Account investment
earnings allocated to the Series 2000-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $44,650.04
(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
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Series 2000-2 Monthly Statement
October 15, 2004 Distribution Date
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(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 2000-2 (total of (a),
(b), (c), (d), (e), (f), (g), (h), (i) and (j) above) $7,247,356.70
(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 $49,847,296.31
(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 $2,585,534.58
(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) $52,432,830.89
(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 $93,280,477
(b) 61-90 days 60,858,194
(c) 91 or more days 123,561,449
------------
(d) Total Delinquencies $277,700,120
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect
to the Trust for the Monthly Period immediately preceding
the Distribution Date $28,719,188.53
(b) The aggregate Amount of Recoveries of Defaulted
Receivables processed during the Monthly Period
immediately preceding the Distribution Date $5,713,934.85
3
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Series 2000-2 Monthly Statement
October 15, 2004 Distribution Date
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(c) The Defaulted Amount for the Monthly Period immediately
preceding the Distribution Date [Defaulted Receivables
minus Recoveries] $23,005,253.68
(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") $2,585,534.58
(e) The Class A Defaulted Amount [Series 2000-2 Defaulted
Amount multiplied by the Class A Percentage] $1,966,418.71
(f) The Class B Defaulted Amount [Series 2000-2 Defaulted
Amount multiplied by the Class B Percentage] $285,043.25
(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
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Series 2000-2 Monthly Statement
October 15, 2004 Distribution Date
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(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
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Series 2000-2 Monthly Statement
October 15, 2004 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 $784,424.38
6
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Series 2000-2 Monthly Statement
October 15, 2004 Distribution Date
--------------------------------------
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $723,750.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $112,175.83
(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 $81,818,000.00
(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 $2,250,000.00
(b) The Class A Required Reserve Account Amount $2,250,000.00
(16) Class B Reserve Account
(a) The amount on deposit in the Class B Reserve Account on the
Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date and
the related Transfer Date $0.00
(b) The Class B Required Reserve Account
Amount $0.00
7
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Series 2000-2 Monthly Statement
October 15, 2004 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
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Series 2000-2 Monthly Statement
October 15, 2004 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 $4,743,495,580
(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 $237,916,332
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 366 divided by the number of days in the
calendar month) Effective November 2002 monthly period. 15.28%
(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) 5.36%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for
the Series 2000-2 Certificates for the preceding Monthly Period) 9.92%
(4) The Base Rate (Monthly Interest plus Monthly Servicing Fee (based on
an assumed Servicing Fee Rate of 2% per annum) for the preceding
Monthly Period with respect to the related Distribution Date,
divided by the Invested Amount of the Series 2000-2 Certificates as
of the last day of the next preceding Monthly multiplied by 12) 4.27%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the
Series 2000-2 Certificates for the preceding Monthly Period) 5.65%
9
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Series 2000-2 Monthly Statement
October 15, 2004 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) 9.50%
I) Series 2000-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 10/15/04 15.28%
b) 09/15/04 17.85%
c) 08/16/04 16.11%
2) Net Loss Rate
a) 10/15/04 5.36%
b) 09/15/04 6.93%
c) 08/16/04 6.25%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 10/15/04 5.65%
b) 09/15/04 6.65%
c) 08/16/04 5.69%
Three Month Average 6.00%
4) Monthly Payment Rate
a) 10/15/04 9.50%
b) 09/15/04 10.56%
c) 08/16/04 9.76%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
Servicer
By: _____________________________
Name: Patricia Garvey
Title: Vice President
10