EX-99.02 3 dex9902.htm MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-4 Monthly Certificateholders' Statement Series 1996-4

Exhibit 99.02

 

MONTHLY CERTIFICATEHOLDERS’ STATEMENT

 

CHASE BANK USA, NATIONAL ASSOCIATION

 

FIRST USA CREDIT CARD MASTER TRUST, SERIES 1996-4

 

Monthly Period:

   08/01/2005    to
     08/31/2005     

Distribution Date

   09/12/2005     

Transfer Date:

   09/09/2005     

 

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 Chase Bank USA, 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 1996-4 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

   $ 3.44667
        

Class B

   $ 3.61167
        

CIA Inv. Amt.

   $ 4.50998
             

        

Total (Weighted Avg.)

   $ 3.56006
     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

   $ 3.44667
        

Class B

   $ 3.61167
        

CIA Inv. Amt.

   $ 4.50998
             

        

Total (Weighted Avg.)

   $ 3.56006


MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1996-4
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
            

CIA Inv. Amt.

   $ 0.00000
                 

            

Total (Weighted Avg.)

   $ 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

   $ 77,129,907.92
            

Class B

   $ 6,989,117.87
            

CIA Inv. Amt.

   $ 8,798,800.17
                 

            

Total

   $ 92,917,825.96
     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

   $ 6,642,727.32
            

Class B

   $ 601,929.98
            

CIA Inv. Amt.

   $ 757,786.85
                 

            

Total

   $ 8,002,444.15
         (b1)   Principal Funding Investment Proceeds (to Class A)    $ 0.00
         (b2)   Withdrawals from Reserve Account (to Class A)    $ 0.00
                 

             Class A Available Funds    $ 6,642,727.32
         (c1)   Principal Funding Investment Proceeds (to Class B)    $ 0.00
         (c2)   Withdrawals from Reserve Account (to Class B)    $ 0.00
             Class B Available Funds    $ 601,929.98
         (d1)   Principal Funding Investment Proceeds (to CIA)    $ 0.00
         (d2)   Withdrawals from Reserve Account (to CIA)    $ 0.00
             CIA Available Funds    $ 757,786.85


MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1996-4
Page 3     

 

    

3.    

  Principal Receivable / Investor Percentages         
         (a)   The aggregate amount of Principal Receivables in the Trust as of 8/31/05    $ 37,688,317,747.57  
         (b)       Invested Amount as of 8/31/05 (Adjusted Class A Invested Amount during Accumulation Period)         
            

Class A

   $ 500,000,000.00  
            

Class B

   $ 45,180,000.00  
            

CIA Inv. Amt.

   $ 57,230,000.00  
                 


            

Total

   $ 602,410,000.00  
         (c)   The Floating Allocation Percentage         
            

Class A

     1.236 %
            

Class B

     0.112 %
            

CIA Inv. Amt.

     0.141 %
                 


            

Total

     1.489 %
         (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  
            

CIA Inv. Amt.

   $ 0.00  
                 


            

Total

   $ 0.00  
         (e)   The Fixed/Floating Allocation Percentage         
            

Class A

     1.236 %
            

Class B

     0.112 %
            

CIA Inv. Amt.

     0.141 %
                 


            

Total

     1.489 %
    

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    $ 457,393,453.16  
         (b) 60 - 89 days    $ 314,947,973.69  
         (c) 90 - 119 days    $ 259,192,131.85  
         (d) 120 - 149 days    $ 212,157,288.84  
         (e) 150 - 179 days    $ 193,205,282.13  
         (f) 180 or more days    $ 0.00  
                 


            

Total

   $ 1,436,896,129.67  


MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1996-4
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

   $ 2,457,465.93
              

Class B

   $ 222,682.99
              

CIA Inv. Amt.

   $ 280,341.98
                   

              

Total

   $ 2,960,490.90
    

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 CIA Inv. Amt.       
              

Class A

   $ 0.00
              

Class B

   $ 0.00
              

CIA Inv. Amt.

   $ 0.00
                   

              

Total

   $ 0.00
          (b)    The amounts set forth in paragraph 6(a) above, per $1,000 interest (which will have the effect of reducing, pro rata, the amount of each Certificateholder’s investment)       
              

Class A

   $ 0.00
              

Class B

   $ 0.00
              

CIA Inv. Amt.

   $ 0.00
                   

              

Total

   $ 0.00
          (c)    The aggregate amount of Class A Investor Charge-Offs reimbursed and the reimbursement of reductions in the Class B Invested Amount and the CIA Inv. Amt.       
              

Class A

   $ 0.00
              

Class B

   $ 0.00
              

CIA Inv. Amt.

   $ 0.00
                   

              

Total

   $ 0.00
          (d)    The amounts set forth in paragraph 6(c) above, per $1,000 interest (which will have the effect of increasing, pro rata, the amount of each Certificateholder’s investment)       
              

Class A

   $ 0.00
              

Class B

   $ 0.00
              

CIA Inv. Amt.

   $ 0.00
                   

              

Total

   $ 0.00


MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1996-4
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

   $ 625,000.00
              

Class B

   $ 56,475.00
              

CIA Inv. Amt.

     71,537.50
                   

              

Total

   $ 753,012.50
    

8.

   Reallocated Principal Collections       
          The amount of Reallocated CIA Inv. Amt. 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
              

CIA Inv. Amt.

   $ 0.00
                   

              

Total

   $ 0.00
    

9.

   CIA Invested Amount       
          (a)    The amount of the CIA Invested 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    $ 57,230,000.00
          (b)    The Required CIA Invested 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    $ 57,230,000.00
    

10.

   The Pool Factor       
          (a)    The Pool Factor (which represents the ratio of the amount of the Investor Interest on the last day of the Monthly Period, inclusive of any principal payments to be made on the related Distribution Date, to the amount of the Investor Interest as of the Closing Date). The amount of a Certificateholder’s pro rata share of the Investor Participation Amount can be determined by multiplying the original denomination of the holder’s Certificate by the Pool Factor       
              

Class A

     1.00000000
              

Class B

     1.00000000
              

Total

     1.00000000


MONTHLY CERTIFICATEHOLDERS’ STATEMENT    Series 1996-4
Page 6     

 

     11.   The Portfolio Yield         
         The Portfolio Yield for the related Monthly Period      9.74 %
     12.   The Base Rate         
         The Base Rate for the related Monthly Period      5.88 %

C.

   Information Regarding the Principal Funding Account         
     1.       Accumulation Period         
     (a) Accumulation Period Commencement Date      07/01/2006  
     (b) Accumulation Period Length (months)      1  
     (c) Accumulation Period Factor      56.31  
     (d) Required Accumulation Factor Number      8  
     (e) Controlled Accumulation Amount    $ 602,410,000.00  
     (f) Minimum Payment Rate (last 12 months)      13.39 %
     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         
         Less: The amount deposited into the Principal Funding    $ 0.00  
        

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 1996-4
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      4.03 %

 

Chase Bank USA, National Association
as Servicer
By:   /s/    PATRICIA GARVEY        
   

Patricia Garvey

Vice President