EX-99.2 3 d262005dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CHASE ISSUANCE TRUST

Asset Pool One Monthly Servicer’s Certificate

Monthly Period: September 2016

 

1.

  Capitalized terms used in this certificate have their respective meanings set forth in the Fourth Amended and Restated Indenture, dated as of January 20, 2016 (as amended, supplemented or otherwise modified, the “Indenture”), and the Third Amended and Restated Asset Pool One Supplement, dated as of January 20, 2016 (as amended, supplemented or otherwise modified, the “Asset Pool One Supplement”), each between the Chase Issuance Trust and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent.      

2.

  As of the date hereof, Chase Bank USA, National Association is the Servicer and Administrator under the Transfer and Servicing Agreement and Chase Card Funding LLC is the Transferor.      

3.

  The undersigned is a Servicing Officer.      

4.

  Collateral of Asset Pool One      

 

         Beginning Balance                  Ending Balance          

Principal Receivables

     40,261,313,512.10         42,578,198,617.31   

Excess Funding Amount

     0.00         0.00   
  

 

 

    

 

 

 

TOTAL

     40,261,313,512.10         42,578,198,617.31   
  

 

 

    

 

 

 

 

5a.

   The Nominal Liquidation Amount of all Asset Pool One Notes as of the last day of the related Monthly Period      
  

CHASEseries

         37,870,000,000.00   
        

 

 

 
  

TOTAL

        37,870,000,000.00   

 

5b.

   Asset Pool One Transferor Amount for the related Monthly Period         4,708,198,617.31   

5c.

   Asset Pool One Required Transferor Amount for the related Monthly Period         2,128,909,930.87   

5d.

   Asset Pool One Pool Balance for the related Monthly Period         42,578,198,617.31   

5e.

   Asset Pool One Minimum Pool Balance for the related Monthly Period         36,620,000,000.00   

6a.

   The aggregate amount of Collections of Principal Receivables received by Asset Pool One for the related Monthly Period         12,688,607,105.78   

6b.

   The aggregate amount of Collections of Principal Receivables allocated pursuant to Section 3.3 of the Asset Pool One Supplement for the related Monthly Period      

 

CHASEseries

    88.42%     

 

      11,219,407,136.64

 

  

 

TOTAL

   88.42%        11,219,407,136.64   

 

7a.

   The aggregate amount of Collections of Finance Charge Receivables received by Asset Pool One for the related Monthly Period         636,631,801.67   
   Collections of Discount Receivables included in 7a above         0.02   

7b.

   The aggregate amount of Collections of Finance Charge Receivables allocated pursuant to subsection 3.2(a) of the Asset Pool One Supplement for the related Monthly Period      

 

CHASEseries

      88.42    

 

       562,916,900.14

 

  

 

TOTAL

     88.42      562,916,900.14   

 

8a.

  

The Asset Pool One Servicing Fee for the related Monthly Period

        53,536,424.12   

8b.

   The Asset Pool One Servicing Fee allocated to each Series pursuant to subsection 3.4(b) of the Asset Pool One Supplement for the related Monthly Period      

 

CHASEseries

      88.42    

 

       47,337,500.00

 

  

 

TOTAL

     88.42      47,337,500.00   


9a.

  

The Asset Pool One Default Amount for the related Monthly Period

        72,334,564.70   

9b.

   The Asset Pool One Default Amount allocated to each Series pursuant to subsection 3.2(b) of the Asset Pool One Supplement for the related Monthly Period      

 

CHASEseries

      88.42%          63,959,024.40   

TOTAL

     88.42%                 63,959,024.40   

 

10.

   Delinquencies as of the last day of the related Monthly Period      

 

         

Number
        of Accounts      

   Amount of
        Receivables (1)        
       Percentage of Total  
      Receivables
 
  

  30-59 days

      25,321          149,348,040.49         0.34%   
  

  60-89 days

      15,428          106,800,518.01         0.25%   
  

  90-119 days

      11,939          86,200,874.71         0.20%   
  

  120-149 days

      9,487          71,437,268.18         0.16%   
  

  150-179 days

      7,823          63,721,957.89         0.15%   
  

  180 or more days

       110           616,458.67          0.00%   
  

    TOTAL

      70,108          478,125,117.95         1.10%   

 

11.    Losses and Recoveries for the related Monthly Period      
   Average Pool Balance (2)         42,829,139,298.00   
   Gross Losses (3)         80,327,951.08   
   Gross Losses as a Percentage of Average Pool Balance         2.25%   
   Recoveries (4)         7,993,386.38   
   Net Losses (5)         72,334,564.70   
   Net Losses as a Percentage of Average Pool Balance         2.03%   
   Number of Accounts Charged Off During the Monthly Period         12,809   
   Average Net Loss Amount on Accounts Charged Off during the Monthly Period         5,647.17   

 

12.

   Change in Sponsor’s or affiliate’s interest in securities for the related Monthly Period      

 

         As of Last Day of Previous Monthly Period               As of Last Day of Monthly Period        
CHASEseries Notes Held by the Sponsor or an Affiliate    Tranche     Amount     Tranche     Amount  
     Class B (2010-03)        75,000,000.00           Class B (2010-03)            75,000,000.00   
     Class B (2012-02)        1,000,000,000.00           Class B (2012-02)            1,000,000,000.00   
     Class B (2013-01)        750,000,000.00           Class B (2013-01)            750,000,000.00   
     Class B (2015-01)        750,000,000.00           Class B (2015-01)            750,000,000.00   
     Class C (2010-03)        75,000,000.00           Class C (2010-03)            75,000,000.00   
     Class C (2012-02)        1,000,000,000.00           Class C (2012-02)            1,000,000,000.00   
     Class C (2013-01)        750,000,000.00           Class C (2013-01)            750,000,000.00   
     Class C (2015-01)        750,000,000.00           Class C (2015-01)            750,000,000.00   
    

 

 

     

 

 

 
       5,150,000,000.00                     5,150,000,000.00   


(1) The amount of receivables reflected includes all principal, finance charge and fee amounts due from cardholders as of the date specified.

 

(2) Average Pool Balance means “Asset Pool One Average Principal Balance” as defined in the Asset Pool One Supplement.

 

(3) Gross Losses are charge-offs of principal receivables. Gross Losses do not include the amount of any reductions in principal receivables due to fraud, returned goods or customer disputes, the amount of which instead results in the reduction of the Asset Pool One Transferor Amount.

 

(4) Recoveries are amounts received on previously charged-off receivables during the related Monthly Period, and allocated to the issuing entity pro rata, based on the amount of gross losses in the issuing entity as a percentage of gross losses in the Servicer’s managed portfolio of credit card receivables for the related Monthly Period.

 

(5) Net Losses are Gross Losses minus Recoveries. Net Losses do not include any reductions in principal receivables due to fraud, returned goods or customer disputes, the amount of which instead results in the reduction of the Asset Pool One Transferor Amount.

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate on this date October 13, 2016.

 

CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer

By:    /s/ Patricia Garvey

 

 

         Patricia Garvey

           Executive Director