-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EsA4mKyxgOgjIR1ndT4O6aCkq78e/yJDLaCfN5SbUqjoVjN/AduDwbIzkgbehpP5 bmEhotRTaUiiykAFw0N9vA== 0000839947-01-000003.txt : 20010129 0000839947-01-000003.hdr.sgml : 20010129 ACCESSION NUMBER: 0000839947-01-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001226 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIBANK SOUTH DAKOTA N A CENTRAL INDEX KEY: 0000839947 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 460358360 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-17797 FILM NUMBER: 1515507 BUSINESS ADDRESS: STREET 1: 701 E 60TH ST N CITY: SIOUX FALLS STATE: SD ZIP: 57117 BUSINESS PHONE: 6053312626 MAIL ADDRESS: STREET 1: CITIBANK N A LEGAL AFFAIRS OFFICE STREET 2: 425 PARK AVENUE 2ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10043 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIBANK NEVADA NATIONAL ASSOCIATION CENTRAL INDEX KEY: 0000839948 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 880202961 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-24657-01 FILM NUMBER: 1515508 BUSINESS ADDRESS: STREET 1: 8725 WEST SAHARA AVE CITY: LAS VEGAS STATE: NV ZIP: 89163 BUSINESS PHONE: 7027974444 MAIL ADDRESS: STREET 1: 8725 WEST SAHARA AVENUE CITY: LAS VEGAS STATE: NV ZIP: 89163 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIBANK CREDIT CARD MASTER TRUST I CENTRAL INDEX KEY: 0000921864 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 460358360 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-80743-02 FILM NUMBER: 1515509 BUSINESS ADDRESS: STREET 1: 701 E 60TH STREET NORTH CITY: SIOUX FALLS STATE: SD ZIP: 57117 BUSINESS PHONE: 6053312626 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD CREDIT CARD MASTER TRUST I DATE OF NAME CHANGE: 19940419 8-K 1 0001.txt CITIBANK CREDIT CARD ISSUANCE TRUST SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 17, 2001 ------------------------------------ CITIBANK (SOUTH DAKOTA), N.A. ON BEHALF OF CITIBANK CREDIT CARD MASTER TRUST I (Issuer of the Collateral Certificate) and CITIBANK CREDIT CARD ISSUANCE TRUST (Issuer of the Citiseries Class A notes, Class B notes and Class C notes) (Exact name of registrant as specified in charter) UNITED STATES OF AMERICA (State or other jurisdiction of incorporation) 46-0358360 (I.R.S. Employer Identification No.) 333-80743 (Commission File No.) 701 EAST 60TH STREET, NORTH SIOUX FALLS, SOUTH DAKOTA 57117 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (605) 331-2626 NOT APPLICABLE (Former name or former address, if changed since last report) 1 ITEM 5. OTHER EVENTS. Citibank Credit Card Issuance Trust (the "issuer") has issued Class A notes, Class B notes and Class C notes of the Citiseries pursuant to an Indenture between the issuer and Bankers Trust Company, as trustee. The issuer's primary asset -- and its primary source of funds for the payment of principal of and interest on the notes -- is a collateral certificate issued by Citibank Credit Card Master Trust I (the "master trust") to the issuer. The collateral certificate represents an undivided interest in the assets of the master trust. The master trust assets consist primarily of credit card receivables arising in a portfolio of revolving credit card accounts. Filed as Exhibit 99.1 to this Form 8-K is a copy of the monthly issuer's report containing information regarding the notes of the Citiseries, the master trust's assets and the collateral certificate for the due period ending December 26, 2000 and the related payment dates for the notes delivered pursuant to Section 907 of the Indenture. 2 Item 7(c). Exhibits Exhibits Description -------- ----------- 99.1 Monthly Issuer's Report for the Due Period ending December 26, 2000 and the related Payment Dates for the Notes. 3 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CITIBANK (SOUTH DAKOTA), N.A., as Managing Beneficiary of Citibank Credit Card Issuance Trust and as Servicer of Citibank Credit Card Master Trust I By: /s/ Douglas Morrison -------------------------------- Douglas Morrison Vice President Dated: January 11, 2001 4 EXHIBIT 99.1 CITIBANK (SOUTH DAKOTA), N.A. CITIBANK (NEVADA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2000 ============================================================================== This Report relates to the Due Period ending December 26, 2000 and the related Payment Dates for the Notes. A. Information Regarding the Master Trust portfolio ------------------------------------------------ 1. Portfolio Yield for the Collateral Certificate ........ 13.16% Yield Component ................................... 17.15% Credit Loss Component ............................. 4.00% 2. New Purchase Rate ..................................... 24.01% 3. Total Payment Rate .................................... 18.90% 4. Principal Payment Rate ................................ 18.04% 5. Aggregate Amount of Principal Receivables in the Master Trust: Beginning of Due Period ............................ $ 51,918,937,679 Average ............................................ $ 52,685,318,418 Lump Sum Addition .................................. $ 0 End of Due Period .................................. $ 54,252,466,044 6. Delinquencies (Aggregate outstanding balances in the Accounts that were delinquent by the time periods listed below as of the close of business of the month preceding the Payment Dates, as a percentage of aggregate Receivables as of the last day of the Due Period) : Current .......................................... $ 50,151,177,732 5-34 days delinquent ........................... $ 2,596,139,936 35-64 days delinquent ........................... $ 814,410,163 65-94 days delinquent ........................... $ 469,594,875 95-124 days delinquent ........................... $ 274,128,838 125-154 days delinquent ........................... $ 276,535,304 155-184 days delinquent ........................... $ 158,682,084 Current ........................................... 91.62% 5-34 days delinquent ........................... 4.74% 35-64 days delinquent ........................... 1.49% 65-94 days delinquent ........................... 0.86% 95-124 days delinquent ........................... 0.50% 125-154 days delinquent ........................... 0.51% 155-184 days delinquent ........................... 0.28% Page 5 CITIBANK (SOUTH DAKOTA), N.A. CITIBANK (NEVADA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2000 ============================================================================== Current Due Current Due Period on an Period on a Actual Basis(1) Standard Basis(1) B. Information Regarding the Collateral Certificate ------------------------------------------------ (Percentage Basis) 1. Portfolio Yield 13.16% 13.15% 2. Weighted Average Note Rate 7.48% 6.94% 3. Weighted Average Investor Fee Rates Fixed Servicing Fee 0.37% 0.37% Others 0.00% 0.00% 4. Surplus Finance Charge Collections 5.31% 5.84% 5. Surplus Finance Charge Collections For Purposes of Funding Class C Reserve Account 5.31% 5.84% 6. Required Surplus Finance Charge Amount 0.00% 0.00% 7. Aggregate Surplus Finance Charge Amount minus Required Surplus Finance Charge Amount 5.31% 5.84% C. Information Regarding the Collateral Certificate ------------------------------------------------ (Dollars Basis) 1. Total Investor Collections $ 1,318,567,004 $ 1,318,525,337 Principal Collections $ 1,226,550,354 $ 1,226,550,354 Finance Charge Collections $ 92,016,650 $ 91,974,983 2. Investor Default Amount $ 21,546,772 $ 21,546,772 3. Investor Monthly Interest $ 44,975,780 $ 41,693,217 4. Investor Monthly Fees Fixed Servicing Fees $ 2,086,389 $ 2,096,667 Others $ 0 $ 0 5. Surplus Finance Charge Collections $ 23,407,709 $ 26,638,327 6. Required Surplus Finance Charge Collections $ 0 $ 0 7. Aggregate Surplus Finance Charge Amount minus Required Surplus Finance Charge Amount $ 23,407,709 $ 26,638,327 (1) Values for Current Due Period on an Actual Basis reflect, in the case of a first due period close of a tranche of Notes, activity from the series cut-off or close dates until the first due period end, or, as in the case of Investor Monthly Interest and certain fees, until the first Monthly Interest Date. Values for Current Due Period on a Standard Basis reflect activity for the entire current due period, as if all Notes had already been outstanding prior to the first day of such due period. All percents are based on actual cash revenue or expense for the period, converted to an annualized percent using day counts appropriate for the item, either 30/360, actual/360, or actual/actual. Depending on the item, cash expenses may accrue from November 28, 2000 to December 26, 2000, 29 days, or December 6, 2000 to January 4, 2001, 30 days (standard basis). Page 6 CITIBANK (SOUTH DAKOTA), N.A. CITIBANK (NEVADA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2000 ============================================================================== D. Information Regarding Notes of Citiseries ----------------------------------------- (Aggregate Basis) 1a. Class A Outstanding Dollar Principal Amount ...........$5,500,000,000 1b. Class B Outstanding Dollar Principal Amount ...........$ 500,000,000 1c. Class C Outstanding Dollar Principal Amount ...........$ 800,000,000 2a. Targeted Deposit to Class A Interest Funding Account ..$ 36,807,052 2b. Targeted Deposit to Class B Interest Funding Account ..$ 3,130,548 2c. Targeted Deposit to Class C Interest Funding Account ..$ 5,038,180 3a. Balance in the Class A Interest Funding Account ......$ 75,988,862 3b Balance in the Class B Interest Funding Account ......$ 10,889,538 3c Balance in the Class C Interest Funding Account ......$ 18,130,298 4a. Targeted Deposit to Class A Principal Funding Account $ 0 4b. Targeted Deposit to Class B Principal Funding Account $ 0 4c. Targeted Deposit to Class C Principal Funding Account $ 0 5a. Balance in the Class A Principal Funding Account ...$ 0 5b. Balance in the Class B Principal Funding Account ...$ 0 5c. Balance in the Class C Principal Funding Account ...$ 0 6. Targeted Deposit to Class C Reserve Account .........$ 0 7. Balance in the Class C Reserve Account ............$ 0 8a. Maximum enhancement amount available to Outstanding Class A Notes from Class B Notes ........$ 329,060,050 8b. As a Percentage of Class A Outstanding Dollar Principal Amount .......................... 5.98291% 8c. Maximum enhancement amount available to Outstanding Class A Notes from Class C Notes ........$ 438,746,550 8d. As a Percentage of Class A Outstanding Dollar Principal Amount ..........................$ 7.97721% 8e. Maximum enhancement amount available to Outstanding Class B Notes from Class C Notes ........$ 666,666,650 8f. As a Percentage of Class B Outstanding Dollar Principal Amount .......................... 133.33333% 9a. Reduction in the Class A Nominal Liquidation Amount resulting from an allocation of Investor Charge-Offs ..........................$ 0 9b. Reduction in the Class B Nominal Liquidation Amount resulting from an allocation of Investor Charge-Offs or a reallocation of Principal Collections to pay interest on Class A Notes ........$ 0 9c. Reduction in the Class C Nominal Liquidation Amount resulting from an allocation of Investor Charge-Offs or a reallocation of Principal Collections to pay interest on Class A or Class B Notes ..........................$ 0 10a. Reimbursement of Class A Nominal Liquidation Amount ...$ 0 10b. Reimbursement of Class B Nominal Liquidation Amount ...$ 0 10c. Reimbursement of Class C Nominal Liquidation Amount ...$ 0 Page 7 CITIBANK (SOUTH DAKOTA), N.A. CITIBANK (NEVADA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2000 ============================================================================== E. Information Regarding Distributions to Noteholders of Citiseries ---------------------------------------------------------------- (Aggregate Basis) 1a. The total amount of the distribution to Class A Noteholders on the applicable Payment Dates .................$ 0 1b. The total amount of the distribution to Class B Noteholders on the applicable Payment Dates .................$ 3,260,432 1c. The total amount of the distribution to Class C Noteholders on the applicable Payment Dates .................$ 4,596,132 2a. The amount of the distribution set forth in item 1(a) above in respect of principal on the Class A Notes ....$ 0 2b. The amount of the distribution set forth in item 1(b) above in respect of principal on the Class B Notes ....$ 0 2c. The amount of the distribution set forth in item 1(c) above in respect of principal on the Class C Notes ....$ 0 3a. The amount of the distribution set forth in item 1(a) above in respect of interest on the Class A Notes ......$ 0 3b. The amount of the distribution set forth in item 1(b) above in respect of interest on the Class B Notes ......$ 3,260,432 3c. The amount of the distribution set forth in item 1(c) above in respect of interest on the Class C Notes ......$ 4,596,132 4a. The amount, if any, by which the Adjusted Outstanding Dollar Principal Amount of the Class A Notes exceeds the Class A Nominal Liquidation Amount as of the Record Date with respect to the applicable Payment Dates .....$ 0 4b. The amount, if any, by which the Adjusted Outstanding Dollar Principal Amount of the Class B Notes exceeds the Class B Nominal Liquidation Amount as of the Record Date with respect to the applicable Payment Dates .....$ 0 4c. The amount, if any, by which the Adjusted Outstanding Dollar Principal Amount of the Class C Notes exceeds the Class C Nominal Liquidation Amount as of the Record Date with respect to the applicable Payment Dates .....$ 0 Page 8 CITIBANK (SOUTH DAKOTA), N.A. CITIBANK (NEVADA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2000 ============================================================================== F. Information Regarding Notes of Citiseries --------------------------------------------------------- (Individual Tranche Basis) 1. Outstanding Dollar Principal Amount; Interest Payments and Deposits to Interest Funding Sub-Accounts ----------------------------------------------------------------------------- Class/ Outstanding Monthly Targeted Actual CumulativeInterest Interest Tranche Dollar Accre- Interest Interest Shortfall Funding Payment Principal tion Monthly Monthly in Sub-Account On Amount Deposit Deposit Interest Balance Payment Funding Date Sub-Account ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-A1 1,500,000,000 9,210,533 9,210,533 31,390,768 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-A2 3,000,000,000 18,135,013 18,135,013 35,136,588 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-A3 1,000,000,000 9,461,505 9,461,505 9,461,505 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-B1 350,000,000 2,198,996 2,198,996 7,629,105 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-B2 150,000,000 931,552 931,552 0 3,260,432 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-C1 600,000,000 3,725,000 3,725,000 13,534,167 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-C2 200,000,000 1,313,180 1,313,180 0 4,596,131 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2. Principal Payments and Deposits to Principal Funding Sub-Accounts ----------------------------------------------------------------------------- Class/Tranche Targeted Actual Cumulative Principal Principal Principal Principal Shortfall Funding Payment On Monthly Monthly in Sub-Account Payment Date Deposit Deposit Principal Balance Funding Sub-Account ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Nothing to Report For This Period ---------------------------------------------------------------------------- 3. Deposits to and Withdrawals from Class C Reserve Sub-Accounts ---------------------------------------------------------------------------- Class/Tranche Targeted Actual Cumulative Withdrawals Class C Deposit Deposit to Shortfall from Class C Reserve to Class Class C in Class C Reserve Sub-Account C Reserve Reserve Sub-Account Balance Reserve Sub-Account Sub-Account Sub-Account ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Nothing to Report for This Period ---------------------------------------------------------------------------- The information reported is for the Due Period ending December 26,2000, and giving effect to all Deposits, allocations, reallocations and payments to be made in the month after the end of this Due Period. Page 9 CITIBANK (SOUTH DAKOTA), N.A. CITIBANK (NEVADA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2000 ============================================================================== 4. Maximum Enhancement Amount Available to Class A Notes; Class A Usage of Class B and Class C Subordinated Amounts ----------------------------------------------------------------------------- Class/ Maximum Maximum Class A Class A Cumulative Cumulative Tranche EnhancementEnhancementUsage of Usage of Class A Class A Amount Amount Class B Class C Usage of Usage of Available Available Subordi- Subordi- Class B Class C from from nated Amt. nated Amt. Subordi- Subordinated Class B Class C for this for this nated Amount Notes Notes Due Period Due Period Amount ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-A1 89,743,650 119,658,150 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-A2 179,487,300 239,316,300 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-A3 59,829,100 79,772,100 ----------------------------------------------------------------------------- 5. Maximum Enhancement Amount Available to Class B Notes; Class B Usage of Class C Subordinated Amount ----------------------------------------------------------------------------- Class/Tranche Maximum Class B Usage of Cumulative Class B Enhancement Class C Usage of Class C Amount Available Subordinated Subordinated Amount from Class C Amount for this Notes Due Period ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-B1 466,666,655 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- 2000-B2 199,999,995 ----------------------------------------------------------------------------- 6. Reductions of and Reimbursements to Nominal Liquidation Amount ----------------------------------------------------------------------------- Class/ Reduction Reduction Cumulative Cumulative Reimbursement Tranche Resulting Resulting Reduction Reduction of prior from an from a Resulting Resulting reductions Allocation Reallocation from an from a of Nominal of of Allocation of Reallocation Liquidation Investor Principal Investor of Principal Amount for Charge-offs Collections Charge-offs Collections this Due for this to pay (net of to pay Period Due Period interest Reimburse- interest on on senior ments) senior classes classes of of Notes Notes (net of for this Reimbursements) Due Period ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Nothing to Report for This Period ----------------------------------------------------------------------------- Page 10 IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Report this 8th day of January 2001. CITIBANK (SOUTH DAKOTA), N.A., As Managing Beneficiary of Citibank Credit Card Issuance Trust and As Servicer of Citibank Credit Card Master Trust I By: /s/ Susan Sexton __________________________________________ Name: Susan Sexton Title: Authorized Representative Page 11 -----END PRIVACY-ENHANCED MESSAGE-----