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 February 15, 2005,and with
respect to the performance of the Trust during the month of January 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 ($0.000000)
(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 ($0.000000)
(3) The amount set forth in A(1) above distributed to Class A
Certificateholders with respect to principal per $1,000 original
certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per
$1,000 original certificate principal amount $2.302222
(5) The amount set forth in A(4) above distributed to Class B
Certificateholders with respect to interest per $1,000 original
certificate principal amount $2.302222
(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 $64,525,733.50
(b) The aggregate amount of Interchange collected and allocated to
the Trust for the Monthly Period immediately preceding the
Distribution Date $4,638,779.93
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Series 2000-1 Monthly Statement
February 15, 2005 Distribution Date
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(c) The aggregate amount of Principal Receivables collected during
the Monthly Period immediately preceding the Distribution Date $433,539,958.85
(d) The Floating Allocation Percentage with respect to the Series
2000-1 Certificates for the Monthly Period immediately
preceding the Distribution Date 2.303274%
(e) The Principal Allocation Percentage with respect to the Series
2000-1 Certificates for the Monthly Period immediately
preceding the Distribution Date 11.516369%
(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 $1,593,048.06
(g) The Principal Receivables collected and allocated to the
Series 2000-1 Certificates for the Monthly Period immediately
preceding the Distribution Date $49,928,059.54
(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 $1,593,048.06
(b) Collection Account and Special Funding Account investment
earnings allocated to the Series 2000-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $22,009.51
(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) $1,615,057.57
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Series 2000-1 Monthly Statement
February 15, 2005 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 $49,928,059.54
(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 $567,385.20
(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) $50,495,444.74
(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 $85,395,306
(b) 61-90 days 64,686,232
(c) 91 or more days 138,854,522
-----------
(d) Total Delinquencies $288,936,060
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to
the Trust for the Monthly Period immediately preceding the
Distribution Date $30,271,048.14
(b) The aggregate Amount of Recoveries of Defaulted Receivables
processed during the Monthly Period immediately preceding the
Distribution Date $5,637,188.93
(c) The Defaulted Amount for the Monthly Period immediately
preceding the Distribution Date [Defaulted Receivables minus
Recoveries] $24,633,859.21
(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") $567,385.20
(e) The Class A Defaulted Amount [Series 2000-1 Defaulted Amount
multiplied by the Class A Percentage] ($0.00)
(f) The Class B Defaulted Amount [Series 2000-1 Defaulted Amount
multiplied by the Class B Percentage] $255,323.34
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Series 2000-1 Monthly Statement
February 15, 2005 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
February 15, 2005 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 distr$0.00ons on the
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
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Series 2000-1 Monthly Statement
February 15, 2005 Distribution Date
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(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 $153,125.00
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date ($0.00)
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $108,780.00
(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
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 $0.00
(b) The Class A Required Reserve Account Amount $0.00
(16) Class B Reserve Account
6
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Series 2000-1 Monthly Statement
February 15, 2005 Distribution Date
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(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 $0.00
(3) The Pool Factor for the Distribution Date (which represents the
ratio of the Class A Invested Amount, as of such Distribution Date,
after giving effect to any adjustment in the Class A Invested Amount
on such Distribution Date, to the Class A Initial Invested Amount).
The amount of a Class A Certificateholder's pro rata share of the
Class A Invested Amount can be determined by multiplying the
original denomination of the Class A Certificateholder's Certificate
by the Pool Factor 0.000000
D) Class B Invested Amount
(1) The Class B Initial Invested Amount $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 40.00%
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Series 2000-1 Monthly Statement
February 15, 2005 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 -
(3) The Class D Invested Amount as a percentage of the Invested Amount
on such Distribution Date 15.00%
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 $4,435,251,515
(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 $238,785,089
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. 18.11%
(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) 6.48%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the
Series 2000-1 Certificates for the preceding Monthly Period) 11.63%
(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) 4.60%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the
Series 2000-1 Certificates for the preceding Monthly Period) 7.03%
(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) 10.48%
8
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Series 2000-1 Monthly Statement
February 15, 2005 Distribution Date
---------------------------------
I) Series 2000-1 Information for the Last Three Distribution Dates
1) Gross Yield
a) 02/15/05 18.11%
b) 01/18/05 10.88%
c) 12/15/04 23.87%
2) Net Loss Rate
a) 02/15/05 6.48%
b) 01/18/05 2.13%
c) 12/15/04 2.62%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 02/15/05 7.03%
b) 01/18/05 1.56%
c) 12/15/04 14.01%
Three Month Average 7.53%
4) Monthly Payment Rate
a) 02/15/05 10.48%
b) 01/18/05 10.15%
c) 12/15/04 9.59%
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 February 15, 2005 and with respect to the performance of the
Trust during the month of January 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 $2.061111
(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 $2.061111
(3) The amount set forth in A(1) above distributed to Class A
Certificateholders with respect to principal per $1,000 original
certificate principal amount $0.000000
(4) The total amount distributed to Class B Certificateholders per
$1,000 original certificate principal amount $2.325556
(5) The amount set forth in A(4) above distributed to Class B
Certificateholders with respect to interest per $1,000 original
certificate principal amount $2.325556
(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 $64,525,733.50
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Series 2000-2 Monthly Statement
February 15, 2005 Distribution Date
--------------------------------------
(b) The aggregate amount of Interchange collected and allocated to
the Trust for the Monthly Period immediately preceding the
Distribution Date $4,638,779.93
(c) The aggregate amount of Principal Receivables collected during
the Monthly Period immediately preceding the Distribution Date $433,539,958.85
(d) The Floating Allocation Percentage with respect to the Series
2000-2 Certificates for the Monthly Period immediately
preceding the Distribution Date 8.209635%
(e) The Principal Allocation Percentage with respect to the Series
2000-2 Certificates for the Monthly Period immediately
preceding the Distribution Date 12.696522%
(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 $5,678,154.29
(g) The Principal Receivables collected and allocated to the
Series 2000-2 Certificates for the Monthly Period immediately
preceding the Distribution Date $55,044,496.88
(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 $5,678,154.29
(b) Collection Account and Special Funding Account investment
earnings allocated to the Series 2000-2 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $376,620.67
(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
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Series 2000-2 Monthly Statement
February 15, 2005 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) $6,054,774.96
(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 $55,044,496.88
(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 $2,022,349.99
(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) $57,066,846.87
(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 $85,395,306
(b) 61-90 days 64,686,232
(c) 91 or more days 138,854,522
-----------
(d) Total Delinquencies $288,936,060
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect to
the Trust for the Monthly Period immediately preceding the
Distribution Date $30,271,048.14
(b) The aggregate Amount of Recoveries of Defaulted Receivables
processed during the Monthly Period immediately preceding the
Distribution Date $5,637,188.93
(c) The Defaulted Amount for the Monthly Period immediately
preceding the Distribution Date [Defaulted Receivables minus
Recoveries] $24,633,859.21
3
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Series 2000-2 Monthly Statement
February 15, 2005 Distribution Date
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(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") $2,022,349.99
(e) The Class A Defaulted Amount [Series 2000-2 Defaulted Amount
multiplied by the Class A Percentage] $1,326,357.48
(f) The Class B Defaulted Amount [Series 2000-2 Defaulted Amount
multiplied by the Class B Percentage] $320,437.55
(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 aqplied to
such Class A Defaulted Amount, (ii) Reallocated Principal
Collections aqplied 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
February 15, 2005 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 aqplied to
such Class B Defaulted Amount, (ii) Reallocated Class D
Principal Collections applied to such Class B Defaulted
Amount, (iii) Reallocated Collateral Principal Collections
aqplied 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 aqplied to
such Collateral Defaulted Amount, (ii) Reallocated Class D
Principal Collections aqplied to such Collateral Defaulted
Amount and (iii) the amount by which the Class D Invested
Amount has been reduced in respect of such Collateral
Defaulted Amount $0.00
(b) The amount by which the Collateral Invested Amount has been
reduced on the Distribution Date in respect of Reallocated
Collateral Principal Collections $0.00
5
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Series 2000-2 Monthly Statement
February 15, 2005 Distribution Date
--------------------------------------
(c) The amount by which the Collateral Invested Amount has been
reduced on the Distribution Date in respect of items 6(a) and
7(a) above $0.00
(d) The total amount by which the Collateral Invested Amount has
been reduced on the Distribution Date as set forth in items
8(a), (b) and (c) $0.00
(e) The total amount reimbursed on the Distribution Date in
respect of reductions in the Collateral Invested Amount on
prior Distribution Dates $0.00
(f) The amount, if any, by which the outstanding principal balance
of the Collateral Interest exceeds the Collateral Invested
Amount, if any, as of the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on the
Distribution Date $0.00
(9) Reductions in the Class D Interest
(a) The excess, if any, of the Class D Defaulted Amount over
Available Finance Charge Collections aqplied 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 $545,788.54
6
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Series 2000-2 Monthly Statement
February 15, 2005 Distribution Date
--------------------------------------
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on the Distribution Date $927,500.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on the Distribution Date $137,905.44
(13) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account on the
Distribution Date, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date $245,454,000.00
(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 Transfe date $0.00
(b) The Class B Required Reserve Account Amount $0.00
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Series 2000-2 Monthly Statement
February 15, 2005 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%
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Series 2000-2 Monthly Statement
February 15, 2005 Distribution Date
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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 $4,435,251,515
(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 $238,785,089
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. 12.32%
(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) 4.19%
(3) The Portfolio Yield (the Gross Yield minus the Net Loss Rate for the
Series 2000-2 Certificates for the preceding Monthly Period) 8.13%
(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) 4.18%
(5) The Net Spread (the Portfolio Yield minus the Base Rate for the
Series 2000-2 Certificates for the preceding Monthly Period) 3.95%
(6) The Monthly Payment Rate (Collections of Principal Receivables and
Finance Charge Receivables with respect to all Receivables in the
Trust for the preceding Monthly Period divided by the amount of
Receivables in the Trust as of the last day of the next preceding
Monthly Period) 10.48%
9
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Series 2000-2 Monthly Statement
February 15, 2005 Distribution Date
--------------------------------------
I) Series 2000-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 02/15/05 12.32%
b) 01/18/05 13.04%
c) 12/15/04 13.60%
2) Net Loss Rate
a) 02/15/05 4.19%
b) 01/18/05 5.30%
c) 12/15/04 5.47%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 02/15/05 3.95%
b) 01/18/05 3.02%
c) 12/15/04 3.85%
Three Month Average 3.61%
4) Monthly Payment Rate
a) 02/15/05 10.48%
b) 01/18/05 10.15%
c) 12/15/04 9.59%
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
Servicer
By:
----------------------------------
Name: Patricia Garvey
Title: Vice President
10