EX-99.1 3 dex991.htm EXCESS SPREAD SHEET Excess Spread Sheet

 

Exhibit 99.1

 

CC MASTER CREDIT CARD TRUST II

 

Excess Spread Analysis—April 2003

 

Series

   

1996-C

*

   

1998-A

*

Deal Size

   

$271.50 MM

 

   

$600 MM

 

Expected Maturity

   

02/16/04

 

   

09/15/03

 

 

Yield

   

17.70

%

   

9.17

%

Less:     Coupon

   

1.55

%

   

1.58

%

              Servicing Fee

   

1.36

%

   

0.48

%

              Net Credit Losses

   

7.75

%

   

3.22

%

Excess Spread:

              

              April-03

   

7.04

%

   

3.89

%

              March-03

   

8.59

%

   

5.30

%

              February-03

   

5.35

%

   

3.99

%

Three month Average Excess Spread

   

6.99

%

   

4.39

%

 

Delinquency:

              

              30 to 59 days

   

2.17

%

   

2.17

%

              60 to 89 days

   

1.60

%

   

1.60

%

              90 + days

   

3.49

%

   

3.49

%

              Total

   

7.26

%

   

7.26

%

 

Payment Rate

   

11.95

%

   

11.95

%