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 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 April 15, 2005,and with
respect to the performance of the Trust during the month of March 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 $0.000000
(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 $0.000000
(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 $55,795,333.03
(b) The aggregate amount of Interchange
collected and allocated to the Trust for
the Monthly Period immediately preceding
the Distribution Date $5,487,268.66
1
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Series 2000-1 Monthly Statement
April 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 $435,097,914.22
(d) The Floating Allocation Percentage with
respect to the Series 2000-1 Certificates
for the Monthly Period immediately
preceding the Distribution Date 0.760973%
(e) The Principal Allocation Percentage with
respect to the Series 2000-1 Certificates
for the Monthly Period immediately
preceding the Distribution Date 12.061164%
(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 $466,343.93
(g) The Principal Receivables collected and
allocated to the Series 2000-1
Certificates for the Monthly Period
immediately preceding the Distribution
Date $52,477,871.60
(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 $466,343.93
(b) Collection Account and Special Funding
Account investment earnings allocated to
the Series 2000-1 Certificates $0.00
(c) Principal Funding Account Investment Proceeds $2,190.68
(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) $468,534.61
2
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Series 2000-1 Monthly Statement
April 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 $52,477,871.60
(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 $174,781.55
(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) $52,652,653.15
(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 $71,651,841
(b) 61-90 days 60,542,139
(c) 91 or more days 132,459,056
------------
(d) Total Delinquencies $264,653,036
(5) Defaulted Amount
(a) The aggregate amount of Defaulted
Receivables with respect to the Trust for
the Monthly Period immediately preceding
the Distribution Date $30,279,378.71
(b) The aggregate Amount of Recoveries of
Defaulted Receivables processed during
the Monthly Period immediately preceding
the Distribution Date $7,311,205.36
(c) The Defaulted Amount for the Monthly
Period immediately preceding the
Distribution Date [Defaulted Receivables
minus Recoveries] $22,968,173.35
(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") $174,781.55
(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] $0.00
3
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Series 2000-1 Monthly Statement
April 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
4
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Series 2000-1 Monthly Statement
April 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
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
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Series 2000-1 Monthly Statement
April 15, 2005 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 $48,305.44
(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 $0.00
(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
6
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Series 2000-1 Monthly Statement
April 15, 2005 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 $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 $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 $0.00
(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 0.000000
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 $0.00
(3) The Collateral Invested Amount as a percentage
of the Invested Amount on such Distribution Date 0.00%
7
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Series 2000-1 Monthly Statement
April 15, 2005 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 $0.00
(3) The Class D Invested Amount as a percentage of
the Invested Amount on such Distribution Date 0.00%
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 $4,293,381,091
(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 $253,681,611
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. 16.65%
(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) 6.33%
(3) The Portfolio Yield (the Gross Yield minus the
Net Loss Rate for the Series 2000-1
Certificates for the preceding Monthly Period) 10.32%
(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) 4.15%
(5) The Net Spread (the Portfolio Yield minus the
Base Rate for the Series 2000-1 Certificates
for the preceding Monthly Period) 6.18%
(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) 10.79%
8
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Series 2000-1 Monthly Statement
April 15, 2005 Distribution Date
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I) Series 2000-1 Information for the Last Three
Distribution Dates
1) Gross Yield
a) 04/15/05 16.65%
b) 03/15/05 17.37%
c) 02/15/05 18.11%
2) Net Loss Rate
a) 04/15/05 6.33%
b) 03/15/05 7.46%
c) 02/15/05 6.48%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 04/15/05 6.18%
b) 03/15/05 5.67%
c) 02/15/05 7.03%
Three Month Average 6.29%
4) Monthly Payment Rate
a) 04/15/05 10.79%
b) 03/15/05 9.85%
c) 02/15/05 10.48%
CHASE 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
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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 Bank USA, National Association as Servicer, and The Bank of
New York as Trustee, Chase 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 April 15, 2005 and with respect to the performance of the
Trust during the month of March 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 $2.566111
(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 $2.566111
(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 $2.858889
(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 $2.858889
(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 $55,795,333.03
1
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Series 2000-2 Monthly Statement
April 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 $5,487,268.66
(c) The aggregate amount of Principal
Receivables collected during the
Monthly Period immediately preceding
the Distribution Date $435,097,914.22
(d) The Floating Allocation Percentage
with respect to the Series 2000-2
Certificates for the Monthly Period
immediately preceding the
Distribution Date 6.718344%
(e) The Principal Allocation Percentage
with respect to the Series 2000-2
Certificates for the Monthly Period
immediately preceding the
Distribution Date 13.297146%
(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 $4,117,175.90
(g) The Principal Receivables collected
and allocated to the Series 2000-2
Certificates for the Monthly Period
immediately preceding the
Distribution Date $57,855,603.96
(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 $4,117,175.90
(b) Collection Account and Special
Funding Account investment earnings
allocated to the Series 2000-2
Certificates $0.00
(c) Principal Funding Account Investment
Proceeds $586,639.31
(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
April 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) $4,703,815.21
(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 $57,855,603.96
(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 $1,543,080.86
(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) $59,398,684.82
(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 $71,651,841
(b) 61-90 days 60,542,139
(c) 91 or more days 132,459,056
------------
(d) Total Delinquencies $264,653,036
(5) Defaulted Amount
(a) The aggregate amount of Defaulted
Receivables with respect to the Trust
for the Monthly Period immediately
preceding the Distribution Date $30,279,378.71
(b) The aggregate Amount of Recoveries of
Defaulted Receivables processed
during the Monthly Period immediately
preceding the Distribution Date $7,311,205.36
3
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Series 2000-2 Monthly Statement
April 15, 2005 Distribution Date
--------------------------------
(c) The Defaulted Amount for the Monthly
Period immediately preceding the
Distribution Date [Defaulted
Receivables minus Recoveries] $22,968,173.35
(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") $1,543,080.86
(e) The Class A Defaulted Amount [Series
2000-2 Defaulted Amount multiplied by
the Class A Percentage] $863,451.35
(f) The Class B Defaulted Amount [Series
2000-2 Defaulted Amount multiplied by
the Class B Percentage] $312,903.96
(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
April 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 aqplied 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
5
--------------------------------
Series 2000-2 Monthly Statement
April 15, 2005 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 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 $426,470.63
6
--------------------------------
Series 2000-2 Monthly Statement
April 15, 2005 Distribution Date
--------------------------------
(11) Class A Monthly Interest
(a) Class A Monthly Interest payable on
the Distribution Date $1,154,750.00
(12) Class B Monthly Interest
(a) Class B Monthly Interest payable on
the Distribution Date $169,532.11
(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 $327,272,000.00
(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 $148,250.00
(b) The Class B Required Reserve Account
Amount $148,250.00
7
--------------------------------
Series 2000-2 Monthly Statement
April 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%
8
--------------------------------
Series 2000-2 Monthly Statement
April 15, 2005 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 $4,293,381,091
(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 $253,681,611
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. 9.57%
(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) 3.20%
(3) The Portfolio Yield (the Gross Yield minus
the Net Loss Rate for the Series 2000-2
Certificates for the preceding Monthly
Period) 6.37%
(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) 4.43%
(5) The Net Spread (the Portfolio Yield minus
the Base Rate for the Series 2000-2
Certificates for the preceding Monthly
Period) 1.94%
9
--------------------------------
Series 2000-2 Monthly Statement
April 15, 2005 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) 10.79%
I) Series 2000-2 Information for the Last Three Distribution Dates
1) Gross Yield
a) 04/15/05 9.57%
b) 03/15/05 10.53%
c) 02/15/05 12.32%
2) Net Loss Rate
a) 04/15/05 3.20%
b) 03/15/05 4.30%
c) 02/15/05 4.19%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 04/15/05 1.94%
b) 03/15/05 2.10%
c) 02/15/05 3.95%
Three Month Average 2.66%
4) Monthly Payment Rate
a) 04/15/05 10.79%
b) 03/15/05 9.85%
c) 02/15/05 10.48%
CHASE BANK USA, NATIONAL ASSOCIATION,
Servicer
By:
--------------------------------
Name: Patricia Garvey
Title: Vice President
10