EX-99.16 18 dex9916.htm MONTHLY CERTIFICATEHOLDERS' STATEMENT 1998-6 Prepared by R.R. Donnelley Financial -- Monthly Certificateholders' Statement 1998-6
 
Exhibit 99.16
 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
 
FIRST USA BANK, NATIONAL ASSOCIATION
 
FIRST USA CREDIT CARD MASTER TRUST, SERIES 1998-6
 
Monthly Period:
   
8/1/02 to
    
8/31/02
Distribution Date:
   
9/18/02
Transfer Date:
   
9/17/02
 
Under Section 5.02 of the Pooling and Servicing Agreement dated as of September 1, 1992 (the “Pooling and Servicing Agreement”) by and between First USA Bank, National Association, (the “Bank”) and The Bank of New York (Delaware), as trustee (the “Trustee”) the Bank, as Servicer, is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the First USA Credit Card Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date noted above and with respect to the performance of the Trust during the month noted above is set forth below. Certain information is presented on the basis of an original principal amount of $1,000 per Series 1998-6 Certificate (a “Certificate”). Certain other information is presented based on the aggregate amount for the Trust as a whole. Capitalized terms used in this Monthly Certificateholders’ Statement have their respective meanings set forth in the Pooling and Servicing Agreement.
 
A.    Information Regarding the Current Monthly Distribution.
 
 
1.
 
The total amount of the distribution to
 
  
 
Certificateholders on the Distribution Date per
 
  
 
$1,000 original certificate principal amount
        
Class A
   
$
1.62500
Class B
   
$
1.79167
Excess Collateral Amount
   
$
5.13333
 
 
2.
 
The amount of the distribution set forth in
 
  
 
paragraph 1 above in respect of interest on
 
  
 
the Certificates, per $1,000 original
 
  
 
certificate principal amount
        
Class A
   
$
1.62500
Class B
   
$
1.79167
Excess Collateral Amount
   
$
5.13333

MONTHLY CERTIFICATEHOLDERS’ STATEMENT                                                                                              Series 1998-6
Page 2
 
 
3.    The amount of the distribution set forth in paragraph 1
       above in respect of principal on the Certificates,    
       per $1,000 original certificate principal amount
     
      
Class A
   
$0.00000
Class B
   
$0.00000
Excess Collateral Amount
   
$0.00000
B.     Information Regarding the Performance of the Trust.
     
1.    Allocation of Principal Receivables.
     
The aggregate amount of Allocations of Principal
     
Receivables processed during the Monthly Period
     
which were allocated in respect of the Certificates
     
        
Class A
   
$
110,989,108.50
Class B
   
$
10,027,763.39
Excess Collateral Amount
   
$
12,717,027.22
    
Total
   
$
133,733,899.11
2.    Allocation of Finance Charge Receivables
     
  (a1)   The aggregate amount of Allocations of Finance
           Charge Receivables processed during the Monthly Period
           which were allocated in respect of the Certificates
     
        
Class A
   
$
10,989,361.63
Class B
   
$
992,878.66
Excess Collateral Amount
   
$
1,259,150.66
    
Total
   
$
13,241,390.95
(b1)
  
Principal Funding Investment Proceeds (to Class A)
   
$
0.00
(b2)
  
Withdrawals from Reserve Account (to Class A)
   
$
0.00
        
   
Class A Available Funds
   
$
10,989,361.63
(c1)
  
Principal Funding Investment Proceeds (to Class B)
   
$
0.00
(c2)
  
Withdrawals from Reserve Account (to Class B)
   
$
0.00
        
   
Class B Available Funds
   
$
992,878.66
(d1)
  
Principal Funding Investment Proceeds (to CIA)
   
$
0.00
(d2)
  
Withdrawals from Reserve Account (to CIA)
   
$
0.00
        
   
CIA Available Funds
   
$
1,259,150.66
(e1)
  
Total Principal Funding Investment Proceeds
   
$
0.00
(e2)
  
Investment Earnings on deposits to Reserve Account
   
$
0.00

MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 3
  
Series 1998-6
 
 
3.    Principal Receivable / Investor Percentages
     
  (a)  The aggregate amount of Principal Receivables in
        the Trust as of 08/31/02
   
$32,869,961,732.81
  (b)  Invested Amount as of 08/31/02
                    (Adjusted Class A Invested Amount
                    during Accumulation Period)
     
        
Class A
   
$
800,000,000.00
Class B
   
$
72,289,000.00
Excess Collateral Amount
   
$
91,567,000.00
    
Total
   
$
963,856,000.00
(c)  The Floating Allocation Percentage:
     
      
Class A
   
2.435%
Class B
   
0.220%
Excess Collateral Amount
   
0.279%
    
Total
   
2.934%
(d)  During the Accumulation Period: The Invested Amount
     
                    as of                  (the last day of the Revolving Period)
     
      
Class A
   
$0.00
Class B
   
$0.00
Excess Collateral Amount
   
$0.00
    
Total
   
$0.00
(e)  The Fixed/Floating Allocation Percentage:
     
      
Class A
   
2.435%
Class B
   
0.220%
Excess Collateral Amount
   
0.279%
    
Total
   
2.934%
 

MONTHLY CERTIFICATEHOLDERS’ STATEMENT
     
Series 1998-6
Page 4
 
 
4.    Delinquent
 
Balances.
The aggregate amount of outstanding balances in the
Accounts which were delinquent as of the end of the
day on the last day of the Monthly Period
       
            
(a)
  
30 – 59 days
   
$
474,037,411.33
(b)
  
60 – 89 days
   
$
304,736,754.79
(c)
  
90 – 119 days
   
$
232,587,296.02
(d)
  
120 – 149 days
   
$
184,167,054.60
(e)
  
150 – 179 days
   
$
164,853,666.14
(f)
  
180 or more days
   
$
0.00
   
Total
   
$
1,360,382,182.88
 
 
5.    Monthly
 
Investor Default Amount.
 
(a)  The aggregate amount of all defaulted Principal                                 
     
      Receivables written off as uncollectible during the
     
      Monthly Period allocable to the Invested Amount
     
      (the aggregate “Investor Default Amount”)
     
 
        
Class A
   
$
3,598,467.15
Class B
   
$
325,118.18
Excess Collateral Amount
   
$
412,308.96
    
Total
   
$
4,335,894.29
 
 
6.    Investor
 
Charge-Offs & Reimbursements of Charge-Offs.
      
(a)  The aggregate amount of Class A Investor Charge-
     
      Offs and the reductions in the Class B Invested
     
      Amount and the Excess Collateral Amount
     
      
Class A
   
$0.00
Class B
   
$0.00
Excess Collateral Amount
   
$0.00
    
Total
   
$0.00

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
     
Series 1998-6
Page 5
 
(b)  The aggregate amount of Class A Investor Charge-
Offs reimbursed and the reimbursement of
reductions in the Class B Invested Amount and the
Excess Collateral Amount
 
        
Class A
   
$
0.00
Class B
   
$
0.00
Excess Collateral Amount
   
$
0.00
    
Total
   
$
0.00
 
7.    Investor Servicing Fee
 
(a)  The amount of the Investor Monthly Servicing Fee
payable by the Trust to the Servicer for the
Monthly Period
        
Class A
   
$
1,000,000.00
Class B
   
$
90,361.25
Excess Collateral Amount
   
$
114,458.75
    
Total
   
$
1,204,820.00
 
8.    Reallocated Principal Collections
 
The amount of Reallocated Excess Collateral Amount
and Class B Principal Collections applied in respect
of Interest Shortfalls, Investor Default Amounts or Investor
Charge-Offs for the prior month
        
Class B
   
$
0.00
Excess Collateral Amount
   
$
0.00
    
Total
   
$
0.00
 
9.    Excess Collateral Amount
 
        
(a)  The amount of the Excess Collateral Amount as of the
close of business on the related Distribution Date after
giving effect to withdrawals, deposits and payments to
be made in respect of the preceding month
   
$
91,567,000.00
 
10.    The Portfolio Yield
 
        
The Portfolio Yield for the related Monthly Period
  
10.78
%
 
11.    The Base Rate
 
        
The Base Rate for the related Monthly Period
   
4.36
%
 

5

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 6
   
Series 1998-6
 
C.
 
Information Regarding the Principal Funding Account
 
 
1.
 
Accumulation Period
          
(a)    Accumulation Period Commencement Date
   
 
12/01/2007
 
(b)    Accumulation Period Length (months)
   
 
8
 
(c)    Accumulation Period Factor
   
 
1.00
 
(d)    Required Accumulation Factor Number
   
 
8
 
(e)    Controlled Accumulation Amount
   
$
120,482,000.00
 
(f)    Minimum Payment Rate (last 12 months)
   
 
13.44
%
 
 
2.
 
Principal Funding Account
        
Beginning Balance
   
$
0.00
Plus:    Principal Collections for related Monthly Period from
            Principal Account
   
 
0.00
Plus:    Interest on Principal Funding Account Balance for
            related Monthly Period
   
 
0.00
Less:    Withdrawals to Finance Charge Account
   
 
0.00
Less:    Withdrawals to Distribution Account
   
 
0.00
    
Ending Balance
   
 
0.00
 
 
3.
 
Accumulation Shortfall
The Controlled Deposit Amount for the previous
       
Monthly Period
   
$
0.00
Less:    The amount deposited into the Principal Funding
       
Account for the Previous Monthly Period
   
$
0.00
Accumulation Shortfall
   
$
0.00
    
Aggregate Accumulation Shortfalls
   
$
0.00
 
 
4.
 
Principal Funding Investment Shortfall
        
Covered Amount
   
$
0.00
Less:    Principal Funding Investment Proceeds
   
$
0.00
    
Principal Funding Investment Shortfall
   
$
0.00
    
 
D.
 
Information Regarding the Reserve Account

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 7
   
Series 1998-6
 
 
1.
 
Required Reserve Account Analysis
          
(a)     Required Reserve Account Amount percentage
   
 
0.00000
%
(b)     Required Reserve Account Amount ($)
          .5% of Invested Amount or other amount
          designated by Transferor
   
$
0.00
 
(c)     Required Reserve Account Balance after effect of
          any transfers on the Related Transfer Date
   
$
0.00
 
(d)     Reserve Draw Amount transferred to the Finance
          Charge Account on the Related Transfer Date
   
$
0.00
 
 
 
2.
 
Reserve Account Investment Proceeds
        
Reserve Account Investment Proceeds transferred to the
Finance Charge Account on the Related Transfer Date
   
$
0.00
 
 
3.
 
Withdrawals from the Reserve Account
        
Total Withdrawals from the Reserve Account transferred
to the Finance Charge Account on the related Transfer
Date (1 (d) plus 2 above)
   
$
0.00
 
 
4.
 
The Portfolio Adjusted Yield
        
The Portfolio Adjusted Yield for the related Monthly Period
   
6.26
%

MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Signature Page
 
FIRST USA BANK, NATIONAL ASSOCIATION
as Servicer
By:
  
/s/    MICHAEL J. GRUBB        
   
Michael J. Grubb
Firs Vice President