EX-99.3 4 dex993.htm CHASESERIES MONTHLY NOTEHOLDERS' STATEMENT CHASEseries Monthly Noteholders' Statement

 

Exhibit 99.3

 

CHASE ISSUANCE TRUST

(formerly Bank One Issuance Trust)

Form of CHASEseries Monthly Noteholders’ Statement

 

Monthly Period: November 2004

 

The undersigned, a duly authorized representative of Chase Manhattan Bank USA, National Association (the “Bank”), formerly Bank One Delaware, National Association, as Servicer pursuant to the Amended and Restated Transfer and Servicing Agreement, dated as of October 15, 2004 (the “Transfer and Servicing Agreement”), among the Bank, as Transferor, Servicer and Administrator Chase Issuance Trust, as Issuer, and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent, does hereby certify as follows:

 

A. Information Regarding the Current Distribution to Noteholders

 

1. The total amount of the distribution to Noteholders on the Payment Date per $1,000 Initial Outstanding Dollar Principal Amount

 

Tranche    Amount

Class A (2002-01)

    1.83333

Class A (2002-02)

    3.46667
Class A (2002-03)    2.99167

Class A (2002-04)

    2.45000

Class A (2002-05)

    1.84167

Class A (2002-06)

    1.90000

Class A (2003-01)

    1.84167

Class A (2003-02)

    1.78333

Class A (2003-03)

    1.83333

Class A (2003-04)

    1.95000

Class A (2003-05)

    1.78333

Class A (2003-06)

    1.83333

Class A (2003-07)

    2.79167

Class A (2003-08)

    1.95000

Class A (2003-09)

    3.21667

Class A (2003-10)

    1.83333

Class A (2004-01)

    2.87500

Class A (2004-02)

    1.76667

Class A (2004-03)

    1.88333

Class A (2004-04)

    1.77500

Class A (2004-05)

    1.85000

Class A (2004-06)

    3.28333

Class A (2004-07)

    1.84167

Class A (2004-08)

    2.45929

Class A (2004-09)

    3.22000

Class A (2004-10)

    1.70879

Class B (2002-01)

    2.05833

Class B (2002-02)

    2.02500

Class B (2002-03)

    2.04167

Class B (2003-01)

    2.05000

Class B (2003-02)

    1.93333

Class B (2003-03)

    2.00833

Class B (2004-01)

    2.00833

Class B (2004-02)

    3.64167

Class C (2002-01)

    2.54167

Class C (2002-02)

    2.56667

Class C (2002-03)

    3.13333

Class C (2003-01)

    3.78333

Class C (2003-02)

    2.69167

Class C (2003-03)

    3.97500

Class C (2003-04)

    2.60000

Class C (2004-01)

    2.15833

Class C (2004-02)

    2.40833

Class C (2004-03)

    2.54000

 

2. The amount of the distribution set forth in item 1 in respect of interest on the Notes, per $1,000 Initial Outstanding Dollar Principal Amount

 

Tranche    Amount

Class A (2002-01)

    1.83333

Class A (2002-02)

    3.46667

Class A (2002-03)

    2.99167

Class A (2002-04)

    2.45000

Class A (2002-05)

    1.84167

Class A (2002-06)

    1.90000

Class A (2003-01)

    1.84167

Class A (2003-02)

    1.78333

Class A (2003-03)

    1.83333

Class A (2003-04)

    1.95000

Class A (2003-05)

    1.78333

Class A (2003-06)

    1.83333

Class A (2003-07)

    2.79167

Class A (2003-08)

    1.95000

Class A (2003-09)

    3.21667

Class A (2003-10)

    1.83333

Class A (2004-01)

    2.87500

Class A (2004-02)

    1.76667

Class A (2004-03)

    1.88333

Class A (2004-04)

    1.77500

Class A (2004-05)

    1.85000

Class A (2004-06)

    3.28333

Class A (2004-07)

    1.84167

Class A (2004-08)

    2.45929

Class A (2004-09)

    3.22000

Class A (2004-10)

    1.70879

Class B (2002-01)

    2.05833

Class B (2002-02)

    2.02500

Class B (2002-03)

    2.04167

Class B (2003-01)

    2.05000

Class B (2003-02)

    1.93333

Class B (2003-03)

    2.00833

Class B (2004-01)

    2.00833

Class B (2004-02)

    3.64167

Class C (2002-01)

    2.54167

Class C (2002-02)

    2.56667

Class C (2002-03)

    3.13333

Class C (2003-01)

    3.78333

Class C (2003-02)

    2.69167

Class C (2003-03)

    3.97500

Class C (2003-04)

    2.60000

Class C (2004-01)

    2.15833

Class C (2004-02)

    2.40833

Class C (2004-03)

    2.54000

 

3. The amount of the distribution set forth in item 1 in respect of principal on the Notes, per $1,000 Initial Outstanding Dollar Principal Amount

 

Tranche    Amount

Class A (2002-01)

    0.00000

Class A (2002-02)

    0.00000

Class A (2002-03)

    0.00000

Class A (2002-04)

    0.00000

Class A (2002-05)

    0.00000

Class A (2002-06)

    0.00000

Class A (2003-01)

    0.00000

Class A (2003-02)

    0.00000

Class A (2003-03)

    0.00000

Class A (2003-04)

    0.00000

Class A (2003-05)

    0.00000

Class A (2003-06)

    0.00000

Class A (2003-07)

    0.00000

Class A (2003-08)

    0.00000

Class A (2003-09)

    0.00000

Class A (2003-10)

    0.00000

Class A (2004-01)

    0.00000

Class A (2004-02)

    0.00000

Class A (2004-03)

    0.00000

Class A (2004-04)

    0.00000

Class A (2004-05)

    0.00000

Class A (2004-06)

    0.00000

Class A (2004-07)

    0.00000

Class A (2004-08)

    0.00000

Class A (2004-09)

    0.00000

Class A (2004-10)

    0.00000

Class B (2002-01)

    0.00000

Class B (2002-02)

    0.00000

Class B (2002-03)

    0.00000

Class B (2003-01)

    0.00000

Class B (2003-02)

    0.00000

Class B (2003-03)

    0.00000

Class B (2004-01)

    0.00000

Class B (2004-02)

    0.00000

Class C (2002-01)

    0.00000

Class C (2002-02)

    0.00000

Class C (2002-03)

    0.00000

Class C (2003-01)

    0.00000

Class C (2003-02)

    0.00000

Class C (2003-03)

    0.00000

Class C (2003-04)

    0.00000

Class C (2004-01)

    0.00000

Class C (2004-02)

    0.00000

Class C (2004-03)

    0.00000

 

B. Information regarding the Tranches of Notes of the CHASEseries

 

1. Outstanding Dollar Principal Amount and Nominal Liquidation Amount of Tranches of Notes of the CHASEseries for the related Monthly Period

 

Tranche    Initial Outstanding
Dollar Principal
Amount		   

Outstanding

Dollar Principal

Amount

   

Adjusted
Outstanding

Dollar Principal
Amount

    Nominal Liquidation
Amount

Class A (2002-01)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2002-02)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2002-03)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2002-04)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2002-05)

    850,000,000.00    850,000,000.00    850,000,000.00    850,000,000.00

Class A (2002-06)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2003-01)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2003-02)

    1,500,000,000.00    1,500,000,000.00    1,500,000,000.00    1,500,000,000.00

Class A (2003-03)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2003-04)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2003-05)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2003-06)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2003-07)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2003-08)

    525,000,000.00    525,000,000.00    525,000,000.00    525,000,000.00

Class A (2003-09)

    650,000,000.00    650,000,000.00    650,000,000.00    650,000,000.00

Class A (2003-10)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2004-01)

    650,000,000.00    650,000,000.00    650,000,000.00    650,000,000.00

Class A (2004-02)

    2,000,000,000.00    2,000,000,000.00    2,000,000,000.00    2,000,000,000.00

Class A (2004-03)

    675,000,000.00    675,000,000.00    675,000,000.00    675,000,000.00

Class A (2004-04)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2004-05)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2004-06)

    550,000,000.00    550,000,000.00    550,000,000.00    550,000,000.00

Class A (2004-07)

    1,200,000,000.00    1,200,000,000.00    1,200,000,000.00    1,200,000,000.00

Class A (2004-08)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00

Class A (2004-09)

    1,150,000,000.00    1,150,000,000.00    1,150,000,000.00    1,150,000,000.00

Class A (2004-10)

    850,000,000.00    850,000,000.00    850,000,000.00    850,000,000.00
    
  
  
  

Total Class A

    23,200,000,000.00    23,200,000,000.00    23,200,000,000.00    23,200,000,000.00

Class B (2002-01)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2002-02)

    275,000,000.00    275,000,000.00    275,000,000.00    275,000,000.00

Class B (2002-03)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class B (2003-01)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class B (2003-02)

    125,000,000.00    125,000,000.00    125,000,000.00    125,000,000.00

Class B (2003-03)

    275,000,000.00    275,000,000.00    275,000,000.00    275,000,000.00

Class B (2004-01)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2004-02)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00
    
  
  
  

Total Class B

    2,175,000,000.00    2,175,000,000.00    2,175,000,000.00    2,175,000,000.00

Class C (2002-01)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2002-02)

    225,000,000.00    225,000,000.00    225,000,000.00    225,000,000.00

Class C (2002-03)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2003-01)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class C (2003-02)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2003-03)

    400,000,000.00    400,000,000.00    400,000,000.00    400,000,000.00

Class C (2003-04)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class C (2004-01)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class C (2004-02)

    165,000,000.00    165,000,000.00    165,000,000.00    165,000,000.00

Class C (2004-03)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00
    
  
  
  

Total Class C

    2,090,000,000.00    2,090,000,000.00    2,090,000,000.00    2,090,000,000.00

Total

    27,465,000,000.00    27,465,000,000.00    27,465,000,000.00    27,465,000,000.00

 

2. Nominal Liquidation Amount of Notes of the CHASEseries

 

Tranche   

Beginning

Nominal

Liquidation

Amount

    Increases
from
accretion of
Principal for
Discount
Notes		    Increases
from
amounts
withdrawn
from the
Principal
Funding
Subaccounts
in respect of
Prefunding
Excess
Amounts		    Reimbursements
of prior Nominal
Liquidation
Amount Deficits
from Available
Finance Charge
Collections		    Reductions
due to
reallocations
of Available
Principal
Collections
and Investor
Charge-Offs		    Reductions
due to
amounts
deposited to
the
Principal
Funding
Subaccounts		   

Ending Nominal
Liquidation

Amount

Class A (2002-01)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2002-02)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2002-03)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2002-04)

    750,000,000.00    0.00    0.00    0.00    0.00    0.00    750,000,000.00

Class A (2002-05)

    850,000,000.00    0.00    0.00    0.00    0.00    0.00    850,000,000.00

Class A (2002-06)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-01)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-02)

    1,500,000,000.00    0.00    0.00    0.00    0.00    0.00    1,500,000,000.00

Class A (2003-03)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2003-04)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-05)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-06)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-07)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-08)

    525,000,000.00    0.00    0.00    0.00    0.00    0.00    525,000,000.00

Class A (2003-09)

    650,000,000.00    0.00    0.00    0.00    0.00    0.00    650,000,000.00

Class A (2003-10)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2004-01)

    650,000,000.00    0.00    0.00    0.00    0.00    0.00    650,000,000.00

Class A (2004-02)

    2,000,000,000.00    0.00    0.00    0.00    0.00    0.00    2,000,000,000.00

Class A (2004-03)

    675,000,000.00    0.00    0.00    0.00    0.00    0.00    675,000,000.00

Class A (2004-04)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2004-05)

    750,000,000.00    0.00    0.00    0.00    0.00    0.00    750,000,000.00

Class A (2004-06)

    550,000,000.00    0.00    0.00    0.00    0.00    0.00    550,000,000.00

Class A (2004-07)

    1,200,000,000.00    0.00    0.00    0.00    0.00    0.00    1,200,000,000.00

Class A (2004-08)

    350,000,000.00    0.00    0.00    0.00    0.00    0.00    350,000,000.00

Class A (2004-09)

    1,150,000,000.00    0.00    0.00    0.00    0.00    0.00    1,150,000,000.00

Class A (2004-10)

    850,000,000.00    0.00    0.00    0.00    0.00    0.00    850,000,000.00
    
  
  
  
  
  
  

Total Class A

    23,200,000,000.00    0.00    0.00    0.00    0.00    0.00    23,200,000,000.00

Class B (2002-01)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class B (2002-02)

    275,000,000.00    0.00    0.00    0.00    0.00    0.00    275,000,000.00

Class B (2002-03)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class B (2003-01)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00

Class B (2003-02)

    125,000,000.00    0.00    0.00    0.00    0.00    0.00    125,000,000.00

Class B (2003-03)

    275,000,000.00    0.00    0.00    0.00    0.00    0.00    275,000,000.00

Class B (2004-01)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class B (2004-02)

    300,000,000.00    0.00    0.00    0.00    0.00    0.00    300,000,000.00
    
  
  
  
  
  
  

Total Class B

    2,175,000,000.00    0.00    0.00    0.00    0.00    0.00    2,175,000,000.00

Class C (2002-01)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class C (2002-02)

    225,000,000.00    0.00    0.00    0.00    0.00    0.00    225,000,000.00

Class C (2002-03)

    175,000,000.00    0.00    0.00    0.00    0.00    0.00    175,000,000.00

Class C (2003-01)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00

Class C (2003-02)

    175,000,000.00    0.00    0.00    0.00    0.00    0.00    175,000,000.00

Class C (2003-03)

    400,000,000.00    0.00    0.00    0.00    0.00    0.00    400,000,000.00

Class C (2003-04)

    150,000,000.00    0.00    0.00    0.00    0.00    0.00    150,000,000.00

Class C (2004-01)

    150,000,000.00    0.00    0.00    0.00    0.00    0.00    150,000,000.00

Class C (2004-02)

    165,000,000.00    0.00    0.00    0.00    0.00    0.00    165,000,000.00

Class C (2004-03)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00
    
  
  
  
  
  
  

Total Class C

    2,090,000,000.00    0.00    0.00    0.00    0.00    0.00    2,090,000,000.00

Total

    27,465,000,000.00    0.00    0.00    0.00    0.00    0.00    27,465,000,000.00

 

3. CHASEseries Interest Funding Account Sub-Accounts

 

Tranche    Beginning
Interest
Funding
Subaccount
Balance		   

Targeted

deposit to the
Interest

Funding
Subaccount

with respect to
the current
period

    Previous
shortfalls
of targeted
deposits to
the Interest
Funding
Subaccount		   

Actual

deposit to the
Interest Funding
Subaccount

    Amount
withdrawn from
the Interest
Funding
Subaccount for
payment to
Noteholders		     Other
Withdrawals		    Ending
Interest
Funding
Subaccount
Balance

Class A (2002-01)

    0.00    1,833,333.33    0.00    1,833,333.33    (1,833,333.33 )   0.00    0.00

Class A (2002-02)

    0.00    4,333,333.33    0.00    4,333,333.33    (4,333,333.33 )   0.00    0.00

Class A (2002-03)

    0.00    1,495,833.33    0.00    1,495,833.33    (1,495,833.33 )   0.00    0.00

Class A (2002-04)

    0.00    1,837,500.00    0.00    1,837,500.00    (1,837,500.00 )   0.00    0.00

Class A (2002-05)

    0.00    1,565,416.67    0.00    1,565,416.67    (1,565,416.67 )   0.00    0.00

Class A (2002-06)

    0.00    950,000.00    0.00    950,000.00    (950,000.00 )   0.00    0.00

Class A (2003-01)

    0.00    1,841,666.67    0.00    1,841,666.67    (1,841,666.67 )   0.00    0.00

Class A (2003-02)

    0.00    2,675,000.00    0.00    2,675,000.00    (2,675,000.00 )   0.00    0.00

Class A (2003-03)

    0.00    2,291,666.67    0.00    2,291,666.67    (2,291,666.67 )   0.00    0.00

Class A (2003-04)

    0.00    975,000.00    0.00    975,000.00    (975,000.00 )   0.00    0.00

Class A (2003-05)

    0.00    1,783,333.33    0.00    1,783,333.33    (1,783,333.33 )   0.00    0.00

Class A (2003-06)

    0.00    1,833,333.33    0.00    1,833,333.33    (1,833,333.33 )   0.00    0.00

Class A (2003-07)

    0.00    1,395,833.33    0.00    1,395,833.33    (1,395,833.33 )   0.00    0.00

Class A (2003-08)

    0.00    1,023,750.00    0.00    1,023,750.00    (1,023,750.00 )   0.00    0.00

Class A (2003-09)

    0.00    2,090,833.33    0.00    2,090,833.33    (2,090,833.33 )   0.00    0.00

Class A (2003-10)

    0.00    1,833,333.33    0.00    1,833,333.33    (1,833,333.33 )   0.00    0.00

Class A (2004-01)

    0.00    1,868,750.00    0.00    1,868,750.00    (1,868,750.00 )   0.00    0.00

Class A (2004-02)

    0.00    3,533,333.33    0.00    3,533,333.33    (3,533,333.33 )   0.00    0.00

Class A (2004-03)

    0.00    1,271,250.00    0.00    1,271,250.00    (1,271,250.00 )   0.00    0.00

Class A (2004-04)

    0.00    2,218,750.00    0.00    2,218,750.00    (2,218,750.00 )   0.00    0.00

Class A (2004-05)

    0.00    1,387,500.00    0.00    1,387,500.00    (1,387,500.00 )   0.00    0.00

Class A (2004-06)

    0.00    1,805,833.33    0.00    1,805,833.33    (1,805,833.33 )   0.00    0.00

Class A (2004-07)

    0.00    2,210,000.00    0.00    2,210,000.00    (2,210,000.00 )   0.00    0.00

Class A (2004-08)

    0.00    860,752.86    0.00    860,752.86    (860,752.86 )   0.00    0.00

Class A (2004-09)

    0.00    3,703,000.00    0.00    3,703,000.00    (3,703,000.00 )   0.00    0.00

Class A (2004-10)

    0.00    1,452,467.01    0.00    1,452,467.01    (1,452,467.01 )   0.00    0.00
    
  
  
  
  
 
  

Total Class A

    0.00    50,070,803.18    0.00    50,070,803.18    (50,070,803.18 )   0.00    0.00

Class B (2002-01)

    0.00    514,583.33    0.00    514,583.33    (514,583.33 )   0.00    0.00

Class B (2002-02)

    0.00    556,875.00    0.00    556,875.00    (556,875.00 )   0.00    0.00

Class B (2002-03)

    0.00    1,020,833.33    0.00    1,020,833.33    (1,020,833.33 )   0.00    0.00

Class B (2003-01)

    0.00    410,000.00    0.00    410,000.00    (410,000.00 )   0.00    0.00

Class B (2003-02)

    0.00    241,666.67    0.00    241,666.67    (241,666.67 )   0.00    0.00

Class B (2003-03)

    0.00    552,291.67    0.00    552,291.67    (552,291.67 )   0.00    0.00

Class B (2004-01)

    0.00    502,083.33    0.00    502,083.33    (502,083.33 )   0.00    0.00

Class B (2004-02)

    0.00    1,092,500.00    0.00    1,092,500.00    (1,092,500.00 )   0.00    0.00
    
  
  
  
  
 
  

Total Class B

    0.00    4,890,833.33    0.00    4,890,833.33    (4,890,833.33 )   0.00    0.00

Class C (2002-01)

    0.00    635,416.67    0.00    635,416.67    (635,416.67 )   0.00    0.00

Class C (2002-02)

    0.00    577,500.00    0.00    577,500.00    (577,500.00 )   0.00    0.00

Class C (2002-03)

    0.00    548,333.33    0.00    548,333.33    (548,333.33 )   0.00    0.00

Class C (2003-01)

    0.00    756,666.67    0.00    756,666.67    (756,666.67 )   0.00    0.00

Class C (2003-02)

    0.00    471,041.67    0.00    471,041.67    (471,041.67 )   0.00    0.00

Class C (2003-03)

    0.00    1,590,000.00    0.00    1,590,000.00    (1,590,000.00 )   0.00    0.00

Class C (2003-04)

    0.00    390,000.00    0.00    390,000.00    (390,000.00 )   0.00    0.00

Class C (2004-01)

    0.00    323,750.00    0.00    323,750.00    (323,750.00 )   0.00    0.00

Class C (2004-02)

    0.00    397,375.00    0.00    397,375.00    (397,375.00 )   0.00    0.00

Class C (2004-03)

    0.00    508,000.00    0.00    508,000.00    (508,000.00 )   0.00    0.00
    
  
  
  
  
 
  

Total Class C

    0.00    6,198,083.34    0.00    6,198,083.34    (6,198,083.34 )   0.00    0.00

Total

    0.00    61,159,719.85    0.00    61,159,719.85    (61,159,719.85 )   0.00    0.00

 

4. CHASEseries Principal Funding Account Sub-Accounts

 

Tranche    Beginning
Principal
Funding
Subaccount
Balance		    Targeted
deposit to the
Principal
Funding
Subaccount
with respect to
the current
period		    Previous
shortfalls of
targeted
deposits to
the Principal
Funding
Subaccount		    Actual
deposit
to the
Principal
Funding
Subaccount		    Amount
withdrawn
from the
Principal
Funding
Subaccount
for payment to
Noteholders		    Other
Withdrawals		    Ending
Principal
Funding
Subaccount
Balance

Class A (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-05)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-06)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-05)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-06)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-07)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-08)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-09)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-10)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-05)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-06)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-07)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-08)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-09)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-10)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class A

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class B

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class C

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Total

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

 

5. CHASEseries Class C Reserve Sub-Accounts

 

Tranche    Beginning
Class C
Reserve
Subaccount
Balance		    Class C
Reserve
Subaccount
earnings
for the
current
period		    Targeted
deposit to
the Class C
Reserve
Subaccount		    Actual
deposit to
the Class C
Reserve
Subaccount,
Including
Excess
Amounts		    Amount
withdrawn
in respect of
payment
of interest or
principal to
Noteholders		   

Withdrawal
of Excess

Amounts
pursuant to

subsection
3.25(c) of

the Indenture

Supplement

   

Ending
Class C

Reserve
Subaccount

Balance

Class C (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class C

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Total

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

 

6. Class A Required Subordinated Amount of Class B and Class C Notes and Class A Usage of Class B and Class C Required Subordinated Amounts

 

Tranche    Required
Subordinated
Amount of Class B
Notes as of the close
of business on the
related Note
Transfer Date		    Required
Subordinated
Amount of Class C
Notes as of the close
of business on the
related Note
Transfer Date		    Class A
Usage of
Class B
Required
Subordinated
Amount for
the current
period		    Class A
Usage of
Class C
Required
Subordinated
Amount for
the current
period		    Cumulative
Class A
Usage of
Class B
Required
Subordinated
Amount		    Cumulative
Class A
Usage of
Class C
Required
Subordinated
Amount

Class A (2002-01)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2002-02)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2002-03)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2002-04)

    63,596,475.00    63,596,475.00    0.00    0.00    0.00    0.00

Class A (2002-05)

    72,076,005.00    72,076,005.00    0.00    0.00    0.00    0.00

Class A (2002-06)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-01)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-02)

    127,192,950.00    127,192,950.00    0.00    0.00    0.00    0.00

Class A (2003-03)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2003-04)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-05)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-06)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-07)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-08)

    44,517,532.50    44,517,532.50    0.00    0.00    0.00    0.00

Class A (2003-09)

    55,116,945.00    55,116,945.00    0.00    0.00    0.00    0.00

Class A (2003-10)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2004-01)

    55,116,945.00    55,116,945.00    0.00    0.00    0.00    0.00

Class A (2004-02)

    169,590,600.00    169,590,600.00    0.00    0.00    0.00    0.00

Class A (2004-03)

    57,236,827.50    57,236,827.50    0.00    0.00    0.00    0.00

Class A (2004-04)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2004-05)

    63,596,475.00    63,596,475.00    0.00    0.00    0.00    0.00

Class A (2004-06)

    46,637,415.00    46,637,415.00    0.00    0.00    0.00    0.00

Class A (2004-07)

    101,754,360.00    101,754,360.00    0.00    0.00    0.00    0.00

Class A (2004-08)

    29,678,355.00    29,678,355.00    0.00    0.00    0.00    0.00

Class A (2004-09)

    97,514,595.00    97,514,595.00    0.00    0.00    0.00    0.00

Class A (2004-10)

    72,076,005.00    72,076,005.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  

Total

    1,967,250,960.00    1,967,250,960.00    0.00    0.00    0.00    0.00

 

7. Class B Required Subordinated Amount of Class C Notes and Class B Usage of Class C Required Subordinated Amounts

 

Tranche    Required
Subordinated Amount
of Class C Notes as of
the close of business
on the related Note
Transfer Date		    Class B Usage of
Class C Required
Subordinated Amount
for the current period		    Cumulative Class B
Usage of Class C
Required
Subordinated Amount

Class B (2002-01)

    227,987,367.81    0.00    0.00

Class B (2002-02)

    250,786,104.60    0.00    0.00

Class B (2002-03)

    455,974,735.63    0.00    0.00

Class B (2003-01)

    182,389,894.25    0.00    0.00

Class B (2003-02)

    113,993,683.91    0.00    0.00

Class B (2003-03)

    250,786,104.60    0.00    0.00

Class B (2004-01)

    227,987,367.81    0.00    0.00

Class B (2004-02)

    273,584,841.38    0.00    0.00
    
  
  

Total

    1,983,490,099.99    0.00    0.00

 

C. Information regarding the performance of the CHASEseries

 

     Current Monthly Period
     Prior Monthly Period
     2nd Prior Monthly Period
  

Portfolio Yield

                   

Less: Base Rate

    9.53 %   10.87 %   9.90 %
     4.13 %   3.96 %   3.88 %
    
 
 

Excess Spread

    5.40 %   6.91 %   6.02 %

Three Month Average Excess Spread

    6.11 %            

Principal Payment Rate

    18.80 %            

 

CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,,

as Servicer

By:  

/s/ Patricia Garvey

   

Patricia Garvey

Vice President

 

Note: As a result of the card processor conversion from FDR to TSYS, the November Monthly Period reflects collections processed from 10/28 - 11/30