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: April 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)

    2.63823

Class A (2002-02)

    1,003.46667

Class A (2002-03)

    2.99167

Class A (2002-04)

    2.45000

Class A (2002-05)

    2.64684

Class A (2002-06)

    2.70712

Class A (2003-01)

    2.64684

Class A (2003-02)

    2.58656

Class A (2003-03)

    2.63823

Class A (2003-04)

    2.75879

Class A (2003-05)

    2.58656

Class A (2003-06)

    2.63823

Class A (2003-07)

    2.79167

Class A (2003-08)

    2.75879

Class A (2003-09)

    3.21667

Class A (2003-10)

    2.63823

Class A (2004-01)

    2.87500

Class A (2004-02)

    2.56934

Class A (2004-03)

    2.68990

Class A (2004-04)

    2.57795

Class A (2004-05)

    2.65545

Class A (2004-06)

    3.28333

Class A (2004-07)

    2.64684

Class A (2004-08)

    2.64684

Class A (2004-09)

    2.68333

Class A (2004-10)

    2.56073

Class B (2002-01)

    2.87073

Class B (2002-02)

    2.83629

Class B (2002-03)

    2.85351

Class B (2003-01)

    2.86212

Class B (2003-02)

    2.74156

Class B (2003-03)

    2.81906

Class B (2004-01)

    2.81906

Class B (2004-02)

    3.64167

Class C (2002-01)

    3.37017

Class C (2002-02)

    3.39601

Class C (2002-03)

    3.13333

Class C (2003-01)

    3.78333

Class C (2003-02)

    3.52517

Class C (2003-03)

    3.97500

Class C (2003-04)

    3.43045

Class C (2004-01)

    2.97406

Class C (2004-02)

    3.23240

Class C (2004-03)

    2.94823

Class C (2005-01)

    2.86212

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)

    2.63823

Class A (2002-02)

    3.46667

Class A (2002-03)

    2.99167

Class A (2002-04)

    2.45000

Class A (2002-05)

    2.64684

Class A (2002-06)

    2.70712

Class A (2003-01)

    2.64684

Class A (2003-02)

    2.58656

Class A (2003-03)

    2.63823

Class A (2003-04)

    2.75879

Class A (2003-05)

    2.58656

Class A (2003-06)

    2.63823

Class A (2003-07)

    2.79167

Class A (2003-08)

    2.75879

Class A (2003-09)

    3.21667

Class A (2003-10)

    2.63823

Class A (2004-01)

    2.87500

Class A (2004-02)

    2.56934

Class A (2004-03)

    2.68990

Class A (2004-04)

    2.57795

Class A (2004-05)

    2.65545

Class A (2004-06)

    3.28333

Class A (2004-07)

    2.64684

Class A (2004-08)

    2.64684

Class A (2004-09)

    2.68333

Class A (2004-10)

    2.56073

Class B (2002-01)

    2.87073

Class B (2002-02)

    2.83629

Class B (2002-03)

    2.85351

Class B (2003-01)

    2.86212

Class B (2003-02)

    2.74156

Class B (2003-03)

    2.81906

Class B (2004-01)

    2.81906

Class B (2004-02)

    3.64167

Class C (2002-01)

    3.37017

Class C (2002-02)

    3.39601

Class C (2002-03)

    3.13333

Class C (2003-01)

    3.78333

Class C (2003-02)

    3.52517

Class C (2003-03)

    3.97500

Class C (2003-04)

    3.43045

Class C (2004-01)

    2.97406

Class C (2004-02)

    3.23240

Class C (2004-03)

    2.94823

Class C (2005-01)

    2.86212

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)

    1,000.00000

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

Class C (2005-01)

    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

Class C (2005-01)

    425,000,000.00    425,000,000.00    425,000,000.00    425,000,000.00
    
  
  
  

Total Class C

    2,515,000,000.00    2,515,000,000.00    2,515,000,000.00    2,515,000,000.00

Total

    27,890,000,000.00    27,890,000,000.00    27,890,000,000.00    27,890,000,000.00

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   -1,250,000,000.00   0.00

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   -1,250,000,000.00   21,950,000,000.00

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

Class C (2005-01)

   425,000,000.00   0.00   0.00   0.00   0.00   -0.00   425,000,000.00
   
 
 
 
 
 
 

Total Class C

   2,515,000,000.00   0.00   0.00   0.00   0.00   0.00   2,515,000,000.00

Total

   27,890,000,000.00   0.00   0.00   0.00   0.00   -1,250,000,000.00   26,640,000,000.00

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   2,638,229.17   0.00   2,638,229.17   -2,638,229.17   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   2,249,814.24   0.00   2,249,814.24   -2,249,814.24   0.00   0.00

Class A (2002-06)

   0.00   1,353,559.03   0.00   1,353,559.03   -1,353,559.03   0.00   0.00

Class A (2003-01)

   0.00   2,646,840.28   0.00   2,646,840.28   -2,646,840.28   0.00   0.00

Class A (2003-02)

   0.00   3,879,843.75   0.00   3,879,843.75   -3,879,843.75   0.00   0.00

Class A (2003-03)

   0.00   3,297,786.46   0.00   3,297,786.46   -3,297,786.46   0.00   0.00

Class A (2003-04)

   0.00   1,379,392.36   0.00   1,379,392.36   -1,379,392.36   0.00   0.00

Class A (2003-05)

   0.00   2,586,562.50   0.00   2,586,562.50   -2,586,562.50   0.00   0.00

Class A (2003-06)

   0.00   2,638,229.17   0.00   2,638,229.17   -2,638,229.17   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   1,448,361.98   0.00   1,448,361.98   -1,448,361.98   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   2,638,229.17   0.00   2,638,229.17   -2,638,229.17   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   5,138,680.56   0.00   5,138,680.56   -5,138,680.56   0.00   0.00

Class A (2004-03)

   0.00   1,815,679.69   0.00   1,815,679.69   -1,815,679.69   0.00   0.00

Class A (2004-04)

   0.00   3,222,439.24   0.00   3,222,439.24   -3,222,439.24   0.00   0.00

Class A (2004-05)

   0.00   1,991,588.54   0.00   1,991,588.54   -1,991,588.54   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   3,176,208.33   0.00   3,176,208.33   -3,176,208.33   0.00   0.00

Class A (2004-08)

   0.00   926,394.10   0.00   926,394.10   -926,394.10   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   2,176,619.79   0.00   2,176,619.79   -2,176,619.79   0.00   0.00
   
 
 
 
 
 
 

Total Class A

   0.00   63,118,208.34   0.00   63,118,208.34   -63,118,208.34   0.00   0.00

Class B (2002-01)

   0.00   717,682.29   0.00   717,682.29   -717,682.29   0.00   0.00

Class B (2002-02)

   0.00   779,978.30   0.00   779,978.30   -779,978.30   0.00   0.00

Class B (2002-03)

   0.00   1,426,753.47   0.00   1,426,753.47   -1,426,753.47   0.00   0.00

Class B (2003-01)

   0.00   572,423.61   0.00   572,423.61   -572,423.61   0.00   0.00

Class B (2003-02)

   0.00   342,695.31   0.00   342,695.31   -342,695.31   0.00   0.00

Class B (2003-03)

   0.00   775,242.19   0.00   775,242.19   -775,242.19   0.00   0.00

Class B (2004-01)

   0.00   704,765.63   0.00   704,765.63   -704,765.63   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   6,412,040.80   0.00   6,412,040.80   -6,412,040.80   0.00   0.00

Class C (2002-01)

   0.00   842,543.40   0.00   842,543.40   -842,543.40   0.00   0.00

Class C (2002-02)

   0.00   764,101.56   0.00   764,101.56   -764,101.56   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   616,905.38   0.00   616,905.38   -616,905.38   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   514,567.71   0.00   514,567.71   -514,567.71   0.00   0.00

Class C (2004-01)

   0.00   446,109.38   0.00   446,109.38   -446,109.38   0.00   0.00

Class C (2004-02)

   0.00   533,345.31   0.00   533,345.31   -533,345.31   0.00   0.00

Class C (2004-03)

   0.00   589,645.83   0.00   589,645.83   -589,645.83   0.00   0.00

Class C (2005-01)

   0.00   1,216,400.17   0.00   1,216,400.17   -1,216,400.17   0.00   0.00
   
 
 
 
 
 
 

Total Class C

   0.00   8,418,618.74   0.00   8,418,618.74   -8,418,618.74   0.00   0.00

Total

   0.00   77,948,867.88   0.00   77,948,867.88   -77,948,867.88   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   1,250,000,000.00   0.00   1,250,000,000.00   -1,250,000,000.00   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   1,250,000,000.00   0.00   1,250,000,000.00   -1,250,000,000.00   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

Class C (2005-01)

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

Class C (2005-01)

   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)

   0.00   0.00   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

   1,861,256,835.00   1,861,256,835.00   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)

    216,756,463.03    0.00    0.00

Class B (2002-02)

    238,432,109.33    0.00    0.00

Class B (2002-03)

    433,512,926.06    0.00    0.00

Class B (2003-01)

    173,405,170.42    0.00    0.00

Class B (2003-02)

    108,378,231.51    0.00    0.00

Class B (2003-03)

    238,432,109.33    0.00    0.00

Class B (2004-01)

    216,756,463.03    0.00    0.00

Class B (2004-02)

    260,107,755.63    0.00    0.00
    
  
  

Total

    1,885,781,228.34    0.00    0.00

 

C. Information regarding the performance of the CHASEseries

 

     Current Monthly Period
     Prior Monthly Period
     2nd Prior Monthly Period
  

Portfolio Yield

    10.44 %   12.57 %   10.90 %

Less: Base Rate

    4.78 %   4.67 %   4.51 %
    
 
 

Excess Spread

    5.66 %   7.90 %   6.39 %

Three Month Average Excess Spread

    6.65 %            

Principal Payment Rate

    16.90 %            

 

CHASE BANK USA, NATIONAL ASSOCIATION,,
as Servicer
By:  

/s/ Patricia Garvey

    Patricia Garvey
    Vice President