EX-99.1 2 dex991.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis

Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - May 2010

 

Series

Deal Size

Expected Maturity

    2003-4
$725MM
10/15/2013		  

Yield *

       17.51 % 

Less:

   

Coupon

    0.69 % 
  

Servicing Fee

    1.50 % 
  

Net Credit Losses

    9.35 % 

Excess Spread :

   
  

May-10

    5.97 % 
  

April-10

    6.79 % 
  

March-10

    9.73 % 

Three Month Average Excess Spread

    7.50 % 

Delinquency:

   
  

30 to 59 Days

    1.03 % 
  

60 to 89 Days

    0.96 % 
  

90+ Days

    2.39 % 
  

Total

    4.38 % 

Principal Payment Rate

    18.40 % 

 

* Yields for the March, April, and May 2010 Monthly Periods reflect an increase in finance charge collections due to a change in the allocation of payments as a result of the implementation of the Credit CARD Act of 2009.