EX-28.3 5 dex283.htm MONTHLY SERIES 1999-1 CERT. HOLDERS' STMT. 7/31/02 Prepared by R.R. Donnelley Financial -- Monthly Series 1999-1 Cert. Holders' Stmt. 7/31/02
 
EXHIBIT 28.3
 
MONTHLY SERIES 1999-1 CERTIFICATEHOLDERS' STATEMENT
FIRST USA BANK, NATIONAL ASSOCIATION
WACHOVIA CREDIT CARD MASTER TRUST
 
Listed below is the information which is required to be prepared with respect to the distribution date of August 15, 2002 and with respect to the performance of the Trust during the related Monthly period.
 
Capitalized terms used in this Statement have their respective meanings set forth in the Pooling and Servicing Agreement.
 
D.
   
Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount)
       
    
1.
   
The amount of the current monthly distribution in respect of Class A Monthly Principal
   
$
0.00
    
2.
   
The amount of the current monthly distribution in respect of Class B Monthly Principal
   
$
0.00
    
3.
   
The amount of the current monthly distribution in respect of Collateral Monthly Principal
   
$
0.00
    
4.
   
The amount of the current monthly distribution in respect of Class A Monthly Interest
   
$
1.71
    
5.
   
The amount of the current monthly distribution in respect of Class A Deficiency Amounts
   
$
0.00
    
6.
   
The amount of the current monthly distribution in respect of Class A Additional Interest
   
$
0.00
    
7.
   
The amount of the current monthly distribution in respect of Class B Monthly Interest
   
$
1.93
    
8.
   
The amount of the current monthly distribution in respect of Class B Deficiency Amounts
   
$
0.00
    
9.
   
The amount of the current monthly distribution in respect of Class B Additional Interest
   
$
0.00
    
10.
   
The amount of the current monthly distribution in respect of Collateral Monthly Interest
   
$
2.49
    
11.
   
The amount of the current monthly distribution in respect of any accrued and unpaid
Collateral Monthly Interest
   
$
0.00
E.
   
Information Regarding the Performance of the Trust
       
    
1.
   
Collection of Principal Receivables
       
         
(a)
   
The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates
   
$
68,548,949.81
         
(b)
   
The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates
   
$
4,754,842.62
         
(c)
   
The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which are allocated in respect of the Collateral Interest
   
$
5,943,552.17
    
2.
   
Principal Receivables in the Trust
       
         
(a)
   
The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period
   
$
2,776,653,264.52
 
C1

         
(b)
   
The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1999-1 as of the end of the day on the last day of the related Monthly Period
   
$
895,953,800.00
 
         
(c)
   
The amount of Principal Receivables in the Trust represented by the Series 1999-1 Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period
   
$
895,953,800.00
 
         
(d)
   
The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period
   
$
775,000,000.00
 
         
(e)
   
The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of day on the last day of the related Monthly Period
   
$
775,000,000.00
 
         
(f)
   
The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period
   
$
53,757,250.00
 
         
(g)
   
The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the date on the last day of the related Monthly Period
   
$
67,196,550.00
 
         
(h)
   
The Floating Investor Percentage with respect to the related Monthly Period
   
 
32.3792
%
         
(i)
   
The Class A Floating Allocation with respect to the related Monthly Period
   
 
86.5000
%
         
(j)
   
The Class B Floating Allocation with respect to the related Monthly Period
   
 
6.0000
%
         
(k)
   
The Collateral Floating Allocation with respect to the related Monthly Period
   
 
7.5000
%
         
(l)
   
The Fixed Investor Percentage with respect to the related Monthly Period
   
 
32.3792
%
         
(m)
   
The Class A Fixed Allocation with respect to the related Monthly Period
   
 
86.5000
%
         
(n)
   
The Class B Fixed Allocation with respect to the related Monthly Period
   
 
6.0000
%
         
(o)
   
The Collateral Fixed Allocation with respect to the related Monthly Period
   
 
7.5000
%
    
3.
   
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 related Monthly Period:
         
                   
Aggregate
Account Balance
   
Percentage of
Total Receivables
  
         
(a)
   
30-59 days:
   
$
26,200,849.26
   
 
0.9322
%
         
(b)
   
60-89 days:
   
$
16,357,068.61
   
 
0.5820
%
         
(c)
   
90-or more days:
   
$
31,995,234.91
   
 
1.1384
%
                   
        
              
Total:
   
$
74,553,152.78
   
 
2.6527
%
                   
        
 
C2

 
   
4.
   
Investor Default Amount
       
        
(a)
   
The Aggregate Investor Default Amount for the related Monthly Period
   
$
3,859,982.28
        
(b)
   
The Class A Investor Default Amount for the related Monthly Period
   
$
3,338,884.51
        
(c)
   
The Class B Investor Default Amount for the related Monthly Period
   
$
231,599.03
        
(d)
   
The Collateral Default Amount for the related Monthly Period
   
$
289,498.74
   
5.
   
Investor Charge Offs
       
        
(a)
   
The aggregate amount of Class A Investor Charge-Offs for the related Monthly Period
   
$
0.00
        
(b)
   
The aggregate amount of Class A Investor Charge-Offs set forth in 5 (a) above per $1,000 of
original Certificate principal amount
   
$
0.00
        
(c)
   
The aggregate amount of Class B Investor Charge-Offs for the related Monthly Period
   
$
0.00
        
(d)
   
The aggregate amount of Class B Investor Charge-Offs set forth in 5 (c) above per $1,000 of
original certificate principal amount
   
$
0.00
        
(e)
   
The aggregate amount of Collateral Charge-Offs for the related Monthly Period
   
$
0.00
        
(f)
   
The aggregate amount of Collateral Charge-Offs set forth in 5 (e) above per $1,000 of original
certificate principal amount
   
$
0.00
        
(g)
   
The aggregate amount of Class A Investor Charge-Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date
   
$
0.00
        
(h)
   
The aggregate amount of Class A Investor Charge-Offs set forth in 5 (g) above per $1,000
original certificate principal amount reimbursed on the Transfer Date immediately preceding this
Distribution Date
   
$
0.00
        
(i)
   
The aggregate amount of Class B Investor Charge-Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date
   
$
0.00
        
(j)
   
The aggregate amount of Class B Investor Charge-Offs set forth in 5 (i) above per $1,000
original certificate principal amount reimbursed on the Transfer Date immediately preceding
this Distribution Date
   
$
0.00
        
(k)
   
The aggregate amount of Collateral Charge-Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date
   
$
0.00
        
(l)
   
The aggregate amount of Collateral Charge-Offs set forth in 5 (k) above per $1,000
original certificate principal amount reimbursed on the Transfer Date immediately
preceding Distribution Date
   
$
0.00
 
C3

 
   
6.
   
Investor Servicing Fee
       
        
(a)
   
The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the
related Monthly Period
   
$
322,916.67
        
(b)
   
The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the
related Monthly Period
   
$
22,398.85
        
(c)
   
The amount of the Collateral Interest Servicing Fee payable by the Trust to the Servicer for the
related Monthly Period
   
$
27,998.56
   
7.
   
Reallocations
       
        
(a)
   
The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date
   
$
0.00
        
(b)
   
The amount of Reallocated Class B Principal Collections with respect to this Distribution Date
   
$
0.00
        
(c)
   
The Collateral Interest as of the close of business on this Distribution Date
   
$
67,196,550.00
        
(d)
   
The Class B Investor Interest as of the close of business on this Distribution Date
   
$
53,757,250.00
   
8.
   
Collection of Finance Charge Receivables
       
        
(a)
   
The aggregate amount of Collections of Finance Charge Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificate
   
$
9,678,101.68
        
(b)
   
The aggregate amount of Collections of Finance Charge Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates
   
$
671,313.72
        
(c)
   
The aggregate amount of Collections of Finance Charge Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest
   
$
839,141.99
   
9.
   
Principal Funding Amount
       
        
(a)
   
The principal amount on deposit in the Principal Funding Account on the related Transfer Date
   
$
0.00
        
(b)
   
The Accumulation Shortfall with respect to the related Monthly Period
   
$
0.00
        
(c)
   
The Principal Funding Investment Proceeds deposited in the Finance Charge Account on
the related Transfer Date
   
$
0.00
        
(d)
   
The amount of all or the portion of the Reserve Draw Amount deposited in the Finance
Charge Account on the related Transfer Date from the Reserve Account
   
$
0.00
 
C4

 
    
10.
   
Reserve Draw Amount
   
$
0.00
 
    
11.
   
Available Funds
         
         
(a)
   
The amount of Class A Available Funds on deposit in the Finance Charge Account on
the related Transfer Date
   
$
9,678,101.68
 
         
(b)
   
The amount of Class B Available Funds on deposit in the Finance Charge Account on
the related Transfer Date
   
$
671,313.72
 
         
(c)
   
The amount of Collateral Available Funds on deposit in the Finance Charge Account on
the related Transfer Date
   
$
839,141.99
 
    
12.
   
Portfolio Yield
         
         
(a)
   
The Portfolio Yield for the related Monthly Period
   
 
10.8156
%
         
(b)
   
The Portfolio Adjusted Yield for the related Monthly Period
   
 
6.6797
%
F.
   
Floating Rate Determinations
         
    
1.
   
LIBOR for the interest Period ending on this Distribution Date
   
 
1.83875
%
 
 
FIRST USA BANK, National Association Servicer
By:
  
/s/    Michael J. Grubb
   
Name: Michael J. Grubb
Title: First Vice President
 
C5