EX-99.09 10 dex9909.htm 1998-4 CERTIFICATES 1998-4 Certificates

Exhibit 99.09

 

MONTHLY CERTIFICATEHOLDERS’ STATEMENT

 

BANK ONE, DELAWARE, NATIONAL ASSOCIATION

 

FIRST USA CREDIT CARD MASTER TRUST, SERIES 1998-4

 

Monthly Period:

    04/01/2004 to
04/30/2004

Distribution Date:

    05/18/2004

Transfer Date:

    05/17/2004

 

Under Section 5.02 of the Amended and Restated Pooling and Servicing Agreement dated as of March 28, 2002 (the “Pooling and Servicing Agreement”) by and between Bank One, Delaware, 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 1998-4 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         $0.98278
               Class B         $1.12778
               Excess Collateral Amount         $1.28889
     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         $0.98278
               Class B         $1.12778
               Excess Collateral Amount         $1.28889

MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1998-4
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               
          (a1   

The aggregate amount of Allocations of Principal Receivables

processed during the Monthly Period which were allocated in respect of the Certificates

               
                    Class A         $100,296,565.26
                    Class B         $9,087,935.66
                    Excess Collateral Amount         $11,458,701.48
                             
                    Total         $120,843,202.40
     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         $8,639,681.46
                    Class B         $782,847.04
                    Excess Collateral Amount         $987,068.01
                             
                    Total         $10,409,596.51
          (b1)    Principal Funding Investment Proceeds (to Class A)              $0.00
          (b2)    Withdrawals from Reserve Account (to Class A)              $0.00
                             
               Class A Available Funds              $8,639,681.46
          (c1)    Principal Funding Investment Proceeds (to Class B)              $0.00
          (c2)    Withdrawals from Reserve Account (to Class B)              $0.00
               Class B Available Funds              $782,847.04
          (d1)    Principal Funding Investment Proceeds (to CIA)              $0.00
          (d2)    Withdrawals from Reserve Account (to CIA)              $0.00
               CIA Available Funds              $987,068.01
          (e1)    Total Principal Funding Investment Proceeds              $0.00
          (e2)    Investment Earnings on deposits to Reserve Account              $0.00

MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1998-4
Page 3     

 

    3.   Principal Receivable / Investor Percentages               
        (a)    The aggregate amount of Principal Receivables in the Trust as of 4/30/04              $47,137,414,405.72
        (b)    Invested Amount as of 4/30/04 (Adjusted Class A Invested Amount during Accumulation Period)               
                 

Class A

         $700,000,000.00
                 

Class B

         $63,253,000.00
                 

Excess Collateral Amount

         $80,121,000.00
                           
                 

Total

         $843,374,000.00
        (c)    The Floating Allocation Percentage               
                 

Class A

         1.523%
                 

Class B

         0.138%
                 

Excess Collateral Amount

         0.174%
                           
                 

Total

         1.835%
        (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

         1.523%
                 

Class B

         0.138%
                 

Excess Collateral Amount

         0.174%
                           
                 

Total

         1.835%
    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              $571,912,708.68
        (b)    60 - 89 days              $446,550,597.93
        (c)    90 - 119 days              $360,528,955.96
        (d)    120 - 149 days              $326,555,003.70
        (e)    150 - 179 days              $298,794,285.99
        (f)    180 or more days              $0.00
                           
                 

Total

         $2,004,341,552.26

MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1998-4
Page 4     

 

    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

      $3,595,356.07
               

Class B

      $325,777.51
                Excess Collateral Amount      $410,762.94
                      
               

Total

      $4,331,896.52
    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
        (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

MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1998-4
Page 5     

 

  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    $875,000.00
               Class B    $79,066.25
               Excess Collateral Amount    $100,151.25
                   
               Total    $1,054,217.50
  8.    Reallocated Principal Collections          
     (a)    The amount of Reallocated Excess Collateral Amount and Class B Principal Collection 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         $80,121,000.00

MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1998-4
Page 6     

 

     10.   The Portfolio Yield          
             The Portfolio Yield for the related Monthly Period         8.89%
     11.   The Base Rate          
             The Base Rate for the related Monthly Period         3.27%
C.    Information Regarding the Principal Funding Account          
     1.   Accumulation Period          
         (a)   Accumulation Period Commencement Date         06/01/2005
         (b)   Accumulation Period Length (months)         1
         (c)   Accumulation Period Factor         31.70
         (d)   Required Accumulation Factor Number         8
         (e)   Controlled Accumulation Amount         $843,374,000.00
         (f)   Minimum Payment Rate (last 12 months)         13.34%
     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
                      

MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1998-4
Page 7     

 

D.    Information Regarding the Reserve Account     
     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 (1 (d) plus 2 above)    $0.00
     4.    The Portfolio Adjusted Yield     
          The Portfolio Adjusted Yield for the related Monthly Period    5.80%

 

Bank One, Delaware, National Association

as Servicer

By:

  

/s/    DIANE RUTH        

   

Diane Ruth

   

Vice President