0000839947-01-500091.txt : 20011009
0000839947-01-500091.hdr.sgml : 20011009
ACCESSION NUMBER: 0000839947-01-500091
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010828
ITEM INFORMATION: Other events
FILED AS OF DATE: 20010921
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CITIBANK CREDIT CARD ISSUANCE TRUST
CENTRAL INDEX KEY: 0001108348
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: 1934 Act
SEC FILE NUMBER: 333-52984-03
FILM NUMBER: 1741882
BUSINESS ADDRESS:
STREET 1: C/O CITIBANK SOUTH DAKOTA NA
STREET 2: 701 EAST 60TH STREET NORTH
CITY: SIOUX FALLS
STATE: SD
ZIP: 57117
BUSINESS PHONE: 6053312626
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: 1934 Act
SEC FILE NUMBER: 333-80743-02
FILM NUMBER: 1741883
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
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: 1934 Act
SEC FILE NUMBER: 000-17797
FILM NUMBER: 1741881
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: 1934 Act
SEC FILE NUMBER: 033-24657-01
FILM NUMBER: 1741884
BUSINESS ADDRESS:
STREET 1: 701 EAST 60TH STREET, NORTH
CITY: SIOUX FALLS
STATE: SD
ZIP: 57117
BUSINESS PHONE: 7027974444
MAIL ADDRESS:
STREET 1: 8725 WEST SAHARA AVENUE
CITY: LAS VEGAS
STATE: NV
ZIP: 89163
8-K
1
it020828.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): September 14, 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
August 28, 2001 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
August 28, 2001 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: September 18, 2001
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 August 28, 2001
==============================================================================
This Report relates to the Due Period ending Aug 28, 2001 and the related
Payment Dates for the Notes.
A. Information Regarding the Master Trust portfolio
-------------------------------------------------
1. Portfolio Yield for the Collateral Certificate ......... 10.33%
Yield Component ................................... 15.08%
Credit Loss Component ............................. 4.75%
2. New Purchase Rate ..................................... 24.19%
3. Total Payment Rate .................................... 21.37%
4. Principal Payment Rate ................................ 20.47%
5. Aggregate Amount of Principal Receivables in the Trust :
Beginning of Due Period ............................ $ 53,410,015,690
Average ............................................ $ 55,541,464,658
Lump Sum Addition .................................. $ 1,924,523,780
End of Due Period .................................. $ 56,622,230,000
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 .......................................... $ 52,411,493,250
5-34 days delinquent ........................... $ 2,567,496,018
35-64 days delinquent ........................... $ 760,883,697
65-94 days delinquent ........................... $ 485,685,833
95-124 days delinquent ........................... $ 377,035,147
125-154 days delinquent ........................... $ 305,463,332
155-184 days delinquent ........................... $ 241,934,901
Current ........................................... 91.71%
5-34 days delinquent ........................... 4.49%
35-64 days delinquent ........................... 1.33%
65-94 days delinquent ........................... 0.85%
95-124 days delinquent ........................... 0.66%
125-154 days delinquent ........................... 0.53%
155-184 days delinquent ........................... 0.43%
Page 4
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 August 28, 2001
==============================================================================
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 10.33% 10.31%
2. Weighted Average Note Rate 3.96% 3.98%
3. Weighted Average Investor Fee Rates
Fixed Servicing Fee 0.37% 0.37%
Others 0.01% 0.01%
4. Surplus Finance Charge Collections 5.99% 5.95%
5. Surplus Finance Charge Collections For
Purposes of Funding Class C Reserve Account 5.55% 5.52%
6. Required Surplus Finance Charge Amount 0.00% 0.00%
7. Aggregate Surplus Finance Charge Amount 5.99% 5.95%
minus Required Surplus Finance Charge Amount
C. Information Regarding the Collateral Certificate
-------------------------------------------------
(Dollars Basis)
1. Total Investor Collections $ 5,468,002,060 $ 5,467,582,060
Principal Collections $ 5,124,292,609 $ 5,124,292,609
Finance Charge Collections $ 343,709,451 $ 343,289,451
2. Investor Default Amount $ 107,586,752 $ 107,586,752
3. Investor Monthly Interest $ 90,560,077 $ 90,902,452
4. Investor Monthly Fees
Fixed Servicing Fees $ 7,613,598 $ 7,717,198
Others $ 245,625 $ 256,167
5. Surplus Finance Charge Collections $ 137,703,399 $ 136,826,882
6. Required Surplus Finance Charge Collections $ 0 $ 0
7. Aggregate Surplus Finance Charge Amount $ 137,703,399 $ 136,826,882
minus Required Surplus Finance Charge Amount
(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 close date 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 period, as if all Notes had already been
outstanding prior to the first day of such period.
All percents are based on actual cash revenue or expense for
the period, converted to an annualized percent using day count
appropriate for the item, either 30/360, actual/360, or actual/actual.
Depending on the item, cash expenses may accrue
from July 27, 2001 to August 28, 2001, 33 days, or
August 6 , 2001 to September 5 , 2001, 31 days (standard basis).
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 August 28, 2001
==============================================================================
D. Information Regarding Regarding Notes of Citiseries
----------------------------------------------------
(Aggregate Basis)
1a. Class A Outstanding Dollar Principal Amount ............ $22,028,750,000
For all Classes except Class 2001-A3 (Dakota) ............ $13,028,750,000
For Class 2001-A3 (Dakota) ............................... $ 9,000,000,000
1b. Class B Outstanding Dollar Principal Amount ............ $ 850,000,000
1c. Class C Outstanding Dollar Principal Amount ............ $ 2,150,000,000
2a. Targeted Deposit to Class A Interest Funding Account ..... $ 76,414,068
2b. Targeted Deposit to Class B Interest Funding Account ..... $ 3,205,464
2c. Targeted Deposit to Class C Interest Funding Account ..... $ 10,940,545
3a. Balance in the Class A Interest Funding Account ......... $ 129,370,776
3b Balance in the Class B Interest Funding Account ......... $ 12,067,856
3c Balance in the Class C Interest Funding Account ......... $ 39,804,295
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
Data Applicable to all Classes Except 2001-A3 (Dakota)
-------------------------------------------------------
8a. Maximum enhancement amount available to
Outstanding Class A Notes from Class B Notes ............ $ 779,498,387
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 ............ $ 1,039,330,748
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 ............ $ 1,133,333,305
8f. As a Percentage of Class B Outstanding
Dollar Principal Amount ................................. 133.33333%
Data Applicable only to Class 2001-A3 (Dakota)
-------------------------------------------------------
9a. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class C Notes ......... $ 625,668,300
9b. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 6.95187%
9c. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class B Notes ......... $ 0
9d. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 0.00000%
Page 4
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 August 28, 2001
==============================================================================
Data Applicable to all Classes
-------------------------------
10a. Reduction in the Class A Nominal Liquidation
Amount resulting from an allocation
of Investor Charge-Offs ................................ $ 0
10b. 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
10c. 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
11a. Reimbursement of Class A Nominal Liquidation Amount .... $ 0
11b. Reimbursement of Class B Nominal Liquidation Amount .... $ 0
11c. Reimbursement of Class C Nominal Liquidation Amount .... $ 0
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 ......................... $ 45,391,743
1b. The total amount of the distribution to Class B Noteholders
on the applicable Payment Dates ......................... $ 8,397,231
1c. The total amount of the distribution to Class C Noteholders
on the applicable Payment Dates ......................... $ 23,761,462
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 ........ $ 45,391,743
3b. The amount of the distribution set forth in item 1(b) above
in respect of interest on the Class B Notes ........ $ 8,397,231
3c. The amount of the distribution set forth in item 1(c) above
in respect of interest on the Class C Notes ........ $ 23,761,462
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 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 August 28, 2001
==============================================================================
F. Information Regarding Notes of Citiseries (2)
----------------------------------------------
(Individual Tranche Basis)
1. Outstanding Dollar Principal Amount, Interest Payments and Deposits to
Interest Funding Sub-Accounts
Class/ Outstanding Monthly Targeted Actual Cumulative Interest Interest
Tranche Dollar Accretion Interest Interest Shortfall Funding Payment
Principal Monthly Monthly In Interest Sub-Account On Payment
Amount Deposit Deposit Funding Balance Date
Sub-Account
------------- ------------- ----------- ----------- ----------- ----------- ----------- ------------
Class 2000-A1 1,500,000,000 0 5,277,113 5,277,113 0 27,596,942 0
Class 2000-A2 3,000,000,000 0 9,574,479 9,574,479 0 9,574,479 0
Class 2000-A3 1,000,000,000 0 3,560,242 3,560,242 0 14,352,361 0
Class 2000-B1 350,000,000 0 1,282,756 1,282,756 0 0 8,397,231
Class 2000-B2 150,000,000 0 552,750 552,750 0 1,055,250 0
Class 2000-C1 600,000,000 0 3,725,000 3,725,000 0 0 22,350,000
Class 2000-C2 200,000,000 0 810,333 810,333 0 1,547,000 0
Class 2001-A1 1,250,000,000 0 4,118,533 4,118,533 0 4,118,533 0
Class 2001-A2 2,250,000,000 0 7,316,484 7,316,484 0 7,316,484 0
Class 2001-A3 9,000,000,000 0 32,999,149 32,999,149 0 0 32,999,149
Class 2001-A4 1,108,750,000 0 3,858,459 3,858,459 0 7,716,918 0
Class 2001-A5 1,250,000,000 0 4,268,560 4,268,560 0 0 12,392,594
Class 2001-A6 1,250,000,000 0 4,371,125 4,371,125 0 12,233,392 0
Class 2001-A7 420,000,000 0 1,069,924 1,069,924 0 1,069,924 0
Class 2001-B1 350,000,000 0 1,369,958 1,369,958 0 2,615,375 0
Class 2001-C1 500,000,000 0 2,222,917 2,222,917 0 4,243,750 0
Class 2001-C2 250,000,000 0 1,012,767 1,012,767 0 0 1,012,767
Class 2001-C3 500,000,000 0 2,770,833 2,770,833 0 10,252,083 0
Class 2001-C4 100,000,000 0 398,694 398,694 0 0 398,694
2. Principal Payments and Deposits to Principal Funding Sub-Accounts
Class/Tranche Targeted Actual Cumulative Principal Principal
Principal Principal Shortfall in Funding Payment On
Monthly Monthly Principal Sub-Account Payment Date
Deposit Deposit Funding Balance
Sub-Account
--------------- --------------- --------------- --------------- --------------- ---------------
Nothing to report for this period.
-----------------------------------------------------------------------------
(2) The information reported is for the Due Period ending August 28, 2001 and
giving effect to all deposits, allocations, reallocations and payments to
be made in the month after the end of this Due Period.
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 August 28, 2001
==============================================================================
3. Deposits to and Withdrawals from Class C Reserve Sub-Accounts
-------------------------------------------------------------
Class/Tranche Targeted Actual Cumulative Withdrawals Class C
Deposit to Deposit to Shortfall in from Class C Reserve
Class C Class C Class C Reserve Sub-Account
Reserve Reserve Reserve Sub-Account Balance
Sub-Account Sub-Account Sub-Account
--------------- --------------- --------------- --------------- --------------- ---------------
Nothing to report for this period.
4. Maximum Enhancement Amount Available to Class A Notes; Class A Usage of
Class B and Class C Subordinated Amounts
Class/Tranche Maximum Maximum Class A Class A Cumulative Cumulative
Enhancement Enhancement Usage of Usage of Class A Class A
Amount Amount Class B Class C Usage of Usage of
Available Available Subordinated Subordinated Class B Class C
from Class from Class Amount for Amount for Subordinated Subordinated
B Notes C Notes this Due this Due Amount Amount
Period Period
--------------- ------------- ------------- ------------- ------------- ------------- --------------
Class 2000-A1 89,743,650 119,658,150
Class 2000-A2 179,487,300 239,316,300
Class 2000-A3 59,829,100 79,772,100
Class 2001-A1 74,786,375 99,715,125
Class 2001-A2 134,615,475 179,487,225
Class 2001-A3 0 625,668,300
Class 2001-A4 66,335,515 88,447,316
Class 2001-A5 74,786,375 99,715,125
Class 2001-A6 74,786,375 99,715,125
Class 2001-A7 25,128,222 33,504,282
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 August 28, 2001
==============================================================================
5. Maximum Enhancement Amount Available to Class B Notes; Class B Usage of
Class C Subordinated Amounts
Class/Tranche Maximum Enhancement Class B Usage of Cumulative Class B
Amount Available from Class C Subordinated Usage of Class C
Class C Notes Amount for this Due Subordinated Amount
Period
--------------- ------------------------ ------------------------ ------------------------
Class 2000-B1 466,666,655
Class 2000-B2 199,999,995
Class 2001-B1 466,666,655
6. Reductions of and Reimbursements to Nominal Liquidation Amount
Class/Tranche Reduction Reduction Cumulative Cumulative Reimbursements
Resulting from Resulting from Reduction Reduction of prior
an Allocation from a Resulting from Resulting from reductions of
of Investor Reallocation an Allocation an Reallocation Nominal
Charge-offs of Principal of Investor of Principal Liquidation
for this Due Collections Charge-offs Collections to Amount for
Period to pay (net of pay interest on this Due
interest on Reimbursements) senior classes Period
senior of Notes (net of
classes of Reimbursements)
Notes for
this Due
Period
--------------- ---------------- ---------------- ---------------- ---------------- ----------------
Nothing to report for this period.
Page 8
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Report this __________ day of September, 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 9