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

Exhibit 99.3

 

CHASE ISSUANCE TRUST

Form of CHASEseries Monthly Noteholders’ Statement

 

Monthly Period: February 2005

 

The undersigned, a duly authorized representative of Chase Bank USA, National Association (the “Bank”), 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)

   2.10000

Class A (2002-02)

   3.46667

Class A (2002-03)

   2.99167

Class A (2002-04)

   2.45000

Class A (2002-05)

   2.10778

Class A (2002-06)

   2.16222

Class A (2003-01)

   2.10778

Class A (2003-02)

   2.05333

Class A (2003-03)

   2.10000

Class A (2003-04)

   2.20889

Class A (2003-05)

   2.05333

Class A (2003-06)

   2.10000

Class A (2003-07)

   2.79167

Class A (2003-08)

   2.20889

Class A (2003-09)

   3.21667

Class A (2003-10)

   2.10000

Class A (2004-01)

   2.87500

Class A (2004-02)

   2.03778

Class A (2004-03)

   2.14667

Class A (2004-04)

   2.04556

Class A (2004-05)

   2.11556

Class A (2004-06)

   3.28333

Class A (2004-07)

   2.10778

Class A (2004-08)

   2.10778

Class A (2004-09)

   2.68333

Class A (2004-10)

   2.03000

Class B (2002-01)

   2.31000

Class B (2002-02)

   2.27889

Class B (2002-03)

   2.29444

Class B (2003-01)

   2.30222

Class B (2003-02)

   2.19333

Class B (2003-03)

   2.26333

Class B (2004-01)

   2.26333

Class B (2004-02)

   3.64167

Class C (2002-01)

   2.76111

Class C (2002-02)

   2.78444

Class C (2002-03)

   3.13333

Class C (2003-01)

   3.78333

Class C (2003-02)

   2.90111

Class C (2003-03)

   3.97500

Class C (2003-04)

   2.81556

Class C (2004-01)

   2.40333

Class C (2004-02)

   2.63667

Class C (2004-03)

   2.38000

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)

   2.10000

Class A (2002-02)

   3.46667

Class A (2002-03)

   2.99167

Class A (2002-04)

   2.45000

Class A (2002-05)

   2.10778

Class A (2002-06)

   2.16222

Class A (2003-01)

   2.10778

Class A (2003-02)

   2.05333

Class A (2003-03)

   2.10000

Class A (2003-04)

   2.20889

Class A (2003-05)

   2.05333

Class A (2003-06)

   2.10000

Class A (2003-07)

   2.79167

Class A (2003-08)

   2.20889

Class A (2003-09)

   3.21667

Class A (2003-10)

   2.10000

Class A (2004-01)

   2.87500

Class A (2004-02)

   2.03778

Class A (2004-03)

   2.14667

Class A (2004-04)

   2.04556

Class A (2004-05)

   2.11556

Class A (2004-06)

   3.28333

Class A (2004-07)

   2.10778

Class A (2004-08)

   2.10778

Class A (2004-09)

   2.68333

Class A (2004-10)

   2.03000

Class B (2002-01)

   2.31000

Class B (2002-02)

   2.27889

Class B (2002-03)

   2.29444

Class B (2003-01)

   2.30222

Class B (2003-02)

   2.19333

Class B (2003-03)

   2.26333

Class B (2004-01)

   2.26333

Class B (2004-02)

   3.64167

Class C (2002-01)

   2.76111

Class C (2002-02)

   2.78444

Class C (2002-03)

   3.13333

Class C (2003-01)

   3.78333

Class C (2003-02)

   2.90111

Class C (2003-03)

   3.97500

Class C (2003-04)

   2.81556

Class C (2004-01)

   2.40333

Class C (2004-02)

   2.63667

Class C (2004-03)

   2.38000

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    2,100,000.00    0.00    2,100,000.00    (2,100,000.00 )   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    1,791,611.11    0.00    1,791,611.11    (1,791,611.11 )   0.00    0.00

Class A (2002-06)

    0.00    1,081,111.11    0.00    1,081,111.11    (1,081,111.11 )   0.00    0.00

Class A (2003-01)

    0.00    2,107,777.78    0.00    2,107,777.78    (2,107,777.78 )   0.00    0.00

Class A (2003-02)

    0.00    3,080,000.00    0.00    3,080,000.00    (3,080,000.00 )   0.00    0.00

Class A (2003-03)

    0.00    2,625,000.00    0.00    2,625,000.00    (2,625,000.00 )   0.00    0.00

Class A (2003-04)

    0.00    1,104,444.44    0.00    1,104,444.44    (1,104,444.44 )   0.00    0.00

Class A (2003-05)

    0.00    2,053,333.33    0.00    2,053,333.33    (2,053,333.33 )   0.00    0.00

Class A (2003-06)

    0.00    2,100,000.00    0.00    2,100,000.00    (2,100,000.00 )   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    1,159,666.67    0.00    1,159,666.67    (1,159,666.67 )   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    2,100,000.00    0.00    2,100,000.00    (2,100,000.00 )   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    4,075,555.56    0.00    4,075,555.56    (4,075,555.56 )   0.00    0.00

Class A (2004-03)

    0.00    1,449,000.00    0.00    1,449,000.00    (1,449,000.00 )   0.00    0.00

Class A (2004-04)

    0.00    2,556,944.44    0.00    2,556,944.44    (2,556,944.44 )   0.00    0.00

Class A (2004-05)

    0.00    1,586,666.67    0.00    1,586,666.67    (1,586,666.67 )   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    2,529,333.33    0.00    2,529,333.33    (2,529,333.33 )   0.00    0.00

Class A (2004-08)

    0.00    737,722.22    0.00    737,722.22    (737,722.22 )   0.00    0.00

Class A (2004-09)

    0.00    3,085,833.33    0.00    3,085,833.33    (3,085,833.33 )   0.00    0.00

Class A (2004-10)

    0.00    1,725,500.00    0.00    1,725,500.00    (1,725,500.00 )   0.00    0.00
    
  
  
  
  
 
  

Total Class A

    0.00    53,877,416.64    0.00    53,877,416.64    (53,877,416.64 )   0.00    0.00

Class B (2002-01)

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

Class B (2002-02)

    0.00    626,694.44    0.00    626,694.44    (626,694.44 )   0.00    0.00

Class B (2002-03)

    0.00    1,147,222.22    0.00    1,147,222.22    (1,147,222.22 )   0.00    0.00

Class B (2003-01)

    0.00    460,444.44    0.00    460,444.44    (460,444.44 )   0.00    0.00

Class B (2003-02)

    0.00    274,166.67    0.00    274,166.67    (274,166.67 )   0.00    0.00

Class B (2003-03)

    0.00    622,416.67    0.00    622,416.67    (622,416.67 )   0.00    0.00

Class B (2004-01)

    0.00    565,833.33    0.00    565,833.33    (565,833.33 )   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    5,366,777.77    0.00    5,366,777.77    (5,366,777.77 )   0.00    0.00

Class C (2002-01)

    0.00    690,277.78    0.00    690,277.78    (690,277.78 )   0.00    0.00

Class C (2002-02)

    0.00    626,500.00    0.00    626,500.00    (626,500.00 )   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    507,694.44    0.00    507,694.44    (507,694.44 )   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    422,333.33    0.00    422,333.33    (422,333.33 )   0.00    0.00

Class C (2004-01)

    0.00    360,500.00    0.00    360,500.00    (360,500.00 )   0.00    0.00

Class C (2004-02)

    0.00    435,050.00    0.00    435,050.00    (435,050.00 )   0.00    0.00

Class C (2004-03)

    0.00    476,000.00    0.00    476,000.00    (476,000.00 )   0.00    0.00
    
  
  
  
  
 
  

Total Class C

    0.00    6,413,355.55    0.00    6,413,355.55    (6,413,355.55 )   0.00    0.00

Total

    0.00    65,657,549.96    0.00    65,657,549.96    (65,657,549.96 )   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

    10.90 %   9.40 %   9.72 %

Less: Base Rate

    4.51 %   4.42 %   4.37 %
    
 
 

Excess Spread

    6.39 %   4.98 %   5.35 %

Three Month Average Excess Spread

    5.57 %            

Principal Payment Rate

    16.53 %            

 

CHASE BANK USA, NATIONAL ASSOCIATION,
as Servicer
By:  

/s/ Patricia Garvey

    Patricia Garvey
    Vice President