-----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, BncWRwuTp9wOvF+HoCSLmUGP0CCRLyH/2ojIgFPGVqnWF3smwWW8m2HkcL0KAepB 85Rc0SwJ5UZt2avJL2l/qg== 0000839947-02-000151.txt : 20020924 0000839947-02-000151.hdr.sgml : 20020924 20020924111605 ACCESSION NUMBER: 0000839947-02-000151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020731 ITEM INFORMATION: Other events FILED AS OF DATE: 20020924 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: 02770635 BUSINESS ADDRESS: STREET 1: 425 PARK AVE. STREET 2: 2ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10043 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: ASSOCIATES CREDIT CARD MASTER NOTE TRUST CENTRAL INDEX KEY: 0001103057 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-94867 FILM NUMBER: 02770636 BUSINESS ADDRESS: STREET 1: 290 E CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75062 BUSINESS PHONE: 9726524000 MAIL ADDRESS: STREET 1: 290 E CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75062 8-K 1 at073102.txt ASSOCIATES TRUST MONTHLY 8-K REVISED 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): August 19th, 2002 ------------------------------------------------------------------------------- CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ON BEHALF OF ASSOCIATES CREDIT CARD MASTER NOTE TRUST (Exact name of registrant as specified in its charter) UNITED STATES OF AMERICA ------------------------------------------------------ (State or other jurisdiction of incorporation) 333-9486701 ------------------------- (Commission File Numbers) 46-0358360 ------------------------- (IRS Employer Identification Number) 701 EAST 60TH STREET, NORTH SIOUX FALLS, SOUTH DAKOTA 57117 - ------------------------------------------------ ------------- (Address of principal executive office) (Zip Code) Registrants telephone number, including area code (605) 331-2626 Item 5. Other Events The monthly statements for the month of July 2002 were distributed to Noteholders on August 19, 2002. Item 7 (C). Exhibits. Exhibit No. Description 20.1 Series 2000-1 monthly statement for the month of July 2002. 20.2 Series 2000-2 monthly statement for the month of July 2002. SIGNATURES 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), NATIONAL ASSOCIATION AS SERVICER By: /s/ Doug Morrison ----------------------- Douglas Morrison Chief Financial Officer
File:July '02 8k_2000-1 CONFIDENTIAL Servicer's Report Date of Report: 8/16/2002 Interest Period: July 17, 2002 to Aug 18, 2002, Pay on Aug 19th Associates Credit Card Master Note Trust, Series 2000-1 - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- Transferor Trust Interest Totals - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ Beginning Principal Receivables Balance 6,101,593,819.84 Beginning Fin. Chrg. Receivables Balance 227,542,515.42 Beginning Total Receivables Balance 6,329,136,335.26 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 2,207,339,753.17 Ending Period Invested Amount 2,505,723,837.74 Class A Class B Class C Total Series Monthly Master Note Trust Activities Note Note Note Note - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Initial Invested Amount = Prin Bal 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00 Beginning Period Invested Amount 633,333,333.33 85,416,666.67 137,500,000.00 856,250,000.00 Principal Deposit to PFA 63,333,333.33 8,541,666.67 0.00 71,875,000.00 Principal Funding Acct (PFA) Bal 190,000,000.00 25,625,000.00 0.00 215,625,000.00 Note Principal Balance Increase 0.00 0.00 0.00 0.00 Note Principal Balance Decrease 0.00 0.00 0.00 0.00 Reductions in Invested Amount this Period (Other than by Principal Payments) 0.00 0.00 0.00 0.00 Previous Reductions in Invested Amount Reimbursed this Period 0.00 0.00 0.00 0.00 Ending Special Funding Accnt Balance Ending Spread Account Balance Ending Reserve Account Balance Ending Period Invested Amount 570,000,000.00 76,875,000.00 137,500,000.00 784,375,000.00
- ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- Group I Information Series 2000-1 - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- Beginning Invested Amount 856,250,000.00 Average Rate 2.09% Allocable Finance Charge Collections 15,691,797.22 Allocable Principal Collections 82,628,158.92 Allocable Default Amount Due 8,041,332.72 Allocable Monthly Interest Due from Trust 1,636,949.43 Monthly Interest on PFA Balance 262,131.81 Allocable Monthly Servicing Fees Due 1,427,083.33 Ending Invested Amount 784,375,000.00
- ----------------------------------------- - ----------------------------------------- Payout Event Tests - ----------------------------------------- - ----------------------------------------- Base Rate Trigger 3 Month Average Portfolio Yield 9.75% 3 Month Average Base Rate 4.08% Spread 5.67% Trigger Pass Test: If Spread is >0, "Yes" Yes Transferor's Interest Trigger Required Transferor Interest 424,154,703.31 Transferor Interest 2,505,723,837.74 Trigger Pass Test Yes
ASSOCIATES CREDIT CARD MASTER NOTE TRUST Series 2000-1 Pursuant to the Master Indenture dated as of April 1, 2000 (as amended and supplemented, the "Master Indenture"), between Associates Credit Card Master Note Trust (the "Trust) and the Bank of New York, as indenture trustee (the Indenture Trustee), as supplemented by the Series 2000-1 Indenture Supplement, dated as of June 13, 2000 (the "Indenture Supplement"), between the Trust and the Indenture Trustee, Citibank (South Dakota), National Association("CBSD"), as Servicer (the "Servicer") under the Transfer and Servicing Agreement, dated as of April 1, 2000 (the "Transfer and Servicing Agreement") between Citibank (South Dakota), National Association, as Transferor & Servicer, and the Trust, is required to prepare certain information each month regarding current distributions to the Series 2000-1 Noteholders and the performance of the Trust during the previous month. The information which is required to be prepared with respect to the Distribution Date of August 19th, 2002 and with respect to the performance of the Trust during the month of July is set forth below. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Master Indenture and the Indenture Supplement. Current Transaction Period: Revolving Period Any Cash Flow Shortfalls this Period No Any Cash Flow Shortfalls from Previous Period No Payout Event this Period: No Group I Participants: Series 2000-1
MASTER NOTE TRUST RECEIVABLES YIELD AND BASE RATE -- July: (31 posting days)
Yield Defaults Total Portfolio Yield (Current Month) 21.28% 10.91% 10.38% Portfolio Yield (Prior Month) 21.47% 11.96% 9.51% Portfolio Yield (Two Months Ago) 21.32% 11.97% 9.35% THREE MONTH AVERAGE PORTFOLIO YIELD 9.75% ----------------------- -----------------------
Servicing Coupon Total Base Rate (Current Month) 2.00% 2.09% 4.09% Base Rate (Prior Month) 2.00% 2.08% 4.08% Base Rate (Two Months Ago) 2.00% 2.07% 4.07% THREE MONTH AVERAGE BASE RATE 4.08% ----------------------- -----------------------
Beginning Period Principal Receivables 6,101,593,819.84 Beginning Period Finance Charge Receivables 227,542,515.42 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 6,329,136,335.26 Removed Principal Receivables 0.00 Removed Finance Charge Receivables 0.00 Removed Total Receivables 0.00 Discounted Receivables Generated this Period 0.00 Additional Principal Receivables 0.00 Additional Finance Charge Receivables 0.00 Additional Total Receivables 0.00 Total Principal Collections this Period 504,163,463.82 Total Defaulted Principal Receivables this Period 57,302,126.73 Total Receivables Adjustments this Period 19,141,676.64 Total Finance Charge Collections this Period 111,818,946.50 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,059,352,904.41 Ending Period Finance Charge Receivables 221,051,567.81 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 6,280,404,472.22 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: 31-60 Days Delinquent 130,549,492.46 61-90 Days Delinquent 93,441,470.06 91+ Days Delinquent 171,334,333.77 --------------------- --------------------- Total 31+ Days Delinquent 395,325,296.29 --------------------- ---------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-1 Floating Investor Percentage 14.0332% Floating Allocation Percentage 78.3592% Fixed Investor Percentage 16.3892% Series Allocation Percetage 17.9088% Principal Allocation Percentage 91.5144%
FINANCE CHARGE ALLOCATIONS Total - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Finance Charge Collections 111,818,946.50 Investor Percentage 14.0332% Investor Finance Charge Collections 15,691,797.22 15,691,797.22 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 15,691,797.22 15,691,797.22
CASH FLOW ALLOCATIONS
Class A Distributions (1)Class A Monthly Interest 1,140,065.97 (2)Class A Monthly Interest Previously Due 0.00 (3)Class A Monthly Additional Interest 0.00 (4)Class A Monthly Additional Interest Previously Due 0.00 Total Class A Monthly Interest 1,140,065.97 Class B Distributions (5)Class B Monthly Interest 170,593.10 (6)Class B Monthly Interest Previously Due 0.00 (7)Class B Monthly Additional Interest 0.00 (8)Class B Monthly Additional Interest Previously Due 0.00 Total Class B Monthly Interest 170,593.10 (9)Total Monthly Servicing Fee for Series 1,427,083.33 (10)Total Servicing Fee for Series Previously Due 0.00 (11)Class A Prepayable Increase Amount Interest 0.00 (12)Class B Prepayable Increase Amount Interest 0.00 (13)Investor Default Amount 8,041,332.72 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest 326,290.36 (21)Funds Required per Note Agreement under Sections 2.07, 2.08 & 2.09 0.00 (22)Funds Required per Note Agreement under Sections 2.04 (e) & 7.01 0.00 Spread Account Distributions (23)Class C Spread Account Required Deposit 0.00 TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER SERIES' ALLOCATIONS 4,586,431.74 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 4,586,431.74
PRINCIPAL ALLOCATIONS - -------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Principal Collections 504,163,463.82 Series Allocation Percentage 17.9088% Principal Allocation Percentage 91.5144% Investor Principal Collections - Series Level 82,628,158.92 Shared Principal Collections from other Series' 0.00 Total Investor Principal Collections - Series Level 82,628,158.92 Class A Class B Class C Total ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- Class Principal Percentages(A & B) 88.12% 11.88% 0.00% 100.00% Class Principal Collections 72,808,580.61 9,819,578.31 0.00% 82,628,158.92 Prin Bal at end of Revolving Prd 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00 Monthly Deposit to PFA. 63,333,333.33 8,541,666.67 71,875,000.00 Partial Deposit:(Prin Funding Acct) - - - - Deficiency Controlled Deposit to PFA - - - - Principal Deposit to PFA - Shortfall - - - - Monthly Principal Payment to PFA 63,333,333.33 8,541,666.67 - 71,875,000.00 Shared Principal Collections 9,475,247.28 1,277,911.64 - 10,753,158.92 Bullet Prin Payment at Maturity - - - - Total Distribution:Interest + Prin 1,140,065.97 170,593.10 326,290.36 1,636,949.43
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1 Coupon Rate Balance Interest Payments --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- Series 2000-1, Class A 1.96% $ 633,333,333.33 $ 1,140,065.97 Series 2000-1, Class B 2.18% $ 85,416,666.67 $ 170,593.10 0 Series 2000-1, Class C 2.59% $ 137,500,000.00 $ 326,290.36 6
Series 2000-1 ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- Class A Class B Class C Total --------------------- --------------------- --------------------- ----------------------- --------------------- --------------------- --------------------- ----------------------- Prin Distr Reqd Amount @ Maturity $ - $ - $ - $ - Int Dist Reqd From Master Trust $ 1,140,065.97 $ 170,593.10 $ 326,290.36 0 $ 1,636,949.43 PFA Int Shortfall Funded by CBSD $ 48,314.82 $ 9,882.99 82 $ 2.99 $ 58,197.81 Principal Deposit to PFA $ 63,333,333.33 $ 8,541,666.67 $ - $ 71,875,000.00 Unpaid Int Shortfalls paid this Period $ - $ - $ - $ - Servicing Fee $ - $ - $ 1,427,083.33 $ 1,427,083.33 --------------------- --------------------- --------------------- ----------------------- --------------------- --------------------- --------------------- ----------------------- Total Required Distribution $ 64,521,714.12 $ 8,722,142.76 $ 1,753,373.69 $ 74,997,230.57 ===================== ===================== ===================== ======================= ===================== ===================== ===================== =======================
File:July '02 8k_2000-2 CONFIDENTIAL Servicer's Report Date of Report: 8/16/2002 Interest Period: July 17, 2002 to Aug 18, 2002, Pay on Aug 19th Associates Credit Card Master Note Trust, Series 2000-2 - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- Transferor Trust Interest Totals - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- Beginning Principal Receivables Balance 6,101,593,819.84 Beginning Fin. Chrg. Receivables Balance 227,542,515.42 Beginning Total Receivables Balance 6,329,136,335.26 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 2,207,339,753.17 Ending Period Invested Amount 2,505,723,837.74 Class A Class B Class C Total Series Monthly Master Note Trust Activities Note Note Note Note - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------- Initial Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00 Beginning Period Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00 Note Principal Balance Increase 0.00 0.00 0.00 0.00 Note Principal Balance Decrease 0.00 0.00 0.00 0.00 Reductions in Invested Amount this Period (Other than by Principal Payments) 0.00 0.00 0.00 0.00 Previous Reductions in Invested Amount Reimbursed this Period 0.00 0.00 0.00 0.00 Ending Special Funding Accnt Balance Ending Spread Account Balance Ending Reserve Account Balance Ending Period Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00
- ----------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------- Group I Information Series 2000-2 - ----------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------- Beginning Invested Amount 789,474,000.00 Average Rate 2.05% Allocable Finance Charge Collections 14,468,047.79 Allocable Principal Collections 65,232,783.14 Allocable Default Amount Due 7,414,216.77 Allocable Monthly Interest Due 1,485,525.44 Monthly Interest on PFA Balance 0.00 Allocable Monthly Servicing Fees Due 1,315,790.00 Ending Invested Amount 789,474,000.00
- ---------------------------------------- - ---------------------------------------- Payout Event Tests - ---------------------------------------- - ---------------------------------------- Base Rate Trigger 3 Month Average Portfolio Yield 9.75% 3 Month Average Base Rate 4.05% Spread 5.69% Trigger Pass Test: If Spread is >0, "Yes" Yes Transferor's Interest Trigger Required Transferor Interest 424,154,703.31 Transferor Interest 2,505,723,837.74 Trigger Pass Test Yes
ASSOCIATES CREDIT CARD MASTER NOTE TRUST Series 2000-2 Pursuant to the Master Indenture dated as of April 1, 2000 (as amended and supplemented, the "Master Indenture"), between Associates Credit Card Master Note Trust (the "Trust) and the Bank of New York, as indenture trustee (the Indenture Trustee), as supplemented by the Series 2000-2 Indenture Supplement, dated as of June 13, 2000 (the "Indenture Supplement"), between the Trust and the Indenture Trustee, Citibank (South Dakota), National Association, as Servicer (the "Servicer") under the Transfer and Servicing Agreement, dated as of April 1, 2000 (the "Transfer and Servicing Agreement") between Citibank (South Dakota) National Association, as Transferor & Servicer, and the Trust, is required to prepare certain information each month regarding current distributions to the Series 2000-2 Noteholders and the performance of the Trust during the previous month. The information which is required to be prepared with respect to the Distribution Date of August 19, 2002, and with respect to the performance of the Trust during the month of July is set forth below. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Master Indenture and the Indenture Supplement. Current Transaction Period: Revolving Period Any Cash Flow Shortfalls this Period No Any Cash Flow Shortfalls from Previous Period No Payout Event this Period: No Group I Participants: Series 2000-2
MASTER NOTE TRUST RECEIVABLES YIELD AND BASE RATE -- July : (31 posting days)
Yield Defaults Total Portfolio Yield (Current Month) 21.28% 10.91% 10.38% Portfolio Yield (Prior Month) 21.47% 11.96% 9.51% Portfolio Yield (Two Months Ago) 21.32% 11.97% 9.35% THREE MONTH AVERAGE PORTFOLIO YIELD 9.75% --------------------- ---------------------
Servicing Coupon Total Base Rate (Current Month) 2.00% 2.05% 4.05% Base Rate (Prior Month) 2.00% 2.05% 4.05% Base Rate (Two Months Ago) 2.00% 2.05% 4.05% THREE MONTH AVERAGE BASE RATE 4.05% --------------------- ---------------------
Beginning Period Principal Receivables 6,101,593,819.84 Beginning Period Finance Charge Receivables 227,542,515.42 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 6,329,136,335.26 Removed Principal Receivables 0.00 Removed Finance Charge Receivables 0.00 Removed Total Receivables 0.00 Discounted Receivables Generated this Period 0.00 Additional Principal Receivables 0.00 Additional Finance Charge Receivables 0.00 Additional Total Receivables 0.00 Total Principal Collections this Period 504,163,463.82 Total Defaulted Principal Receivables this Period 57,302,126.73 Total Receivables Adjustments this Period 19,141,676.64 Total Finance Charge Collections this Period 111,818,946.50 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,059,352,904.41 Ending Period Finance Charge Receivables 221,051,567.81 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 6,280,404,472.22 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: 31-60 Days Delinquent 130,549,492.46 61-90 Days Delinquent 93,441,470.06 91+ Days Delinquent 171,334,333.77 -------------------- -------------------- Total 31+ Days Delinquent 395,325,296.29 -------------------- --------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-2 FLOATING INVESTOR PERCENTAGE 12.9388% FIXED INVESTOR PERCENTAGE 12.9388%
FINANCE CHARGE ALLOCATIONS Total - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Finance Charge Collections 111,818,946.50 Investor Percentage 12.9388% Investor Finance Charge Collections 14,468,047.79 14,468,047.79 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 14,468,047.79 14,468,047.79
CASH FLOW ALLOCATIONS
Class A Distributions (1)Class A Monthly Interest 1,066,312.50 (2)Class A Monthly Interest Previously Due 0.00 (3)Class A Monthly Additional Interest 0.00 (4)Class A Monthly Additional Interest Previously Due 0.00 Total Class A Monthly Interest 1,066,312.50 Class B Distributions (5)Class B Monthly Interest 161,614.41 (6)Class B Monthly Interest Previously Due 0.00 (7)Class B Monthly Additional Interest 0.00 (8)Class B Monthly Additional Interest Previously Due 0.00 Total Class B Monthly Interest 161,614.41 (9)Total Monthly Servicing Fee for Series 1,315,790.00 (10)Total Servicing Fee for Series Previously Due 0.00 (11)Class A Prepayable Increase Amount Interest 0.00 (12)Class B Prepayable Increase Amount Interest 0.00 (13)Investor Default Amount 7,414,216.77 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest 257,598.53 (21)Funds Required per Note Agreement under Sections 2.07, 2.08 & 2.09 0.00 (22)Funds Required per Note Agreement under Sections 2.04 (e) & 7.01 0.00 Spread Account Distributions (23)Class C Spread Account Required Deposit 0.00 TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER SERIES' ALLOCATIONS 4,252,515.58 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 4,252,515.58
PRINCIPAL ALLOCATIONS - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Principal Collections 504,163,463.82 Series Allocation Percentage 14.1386% Principal Allocation Percentage 91.5144% Investor Principal Collections - Series Level 65,232,783.14 Shared Principal Collections from other Series' 0.00 Total Investor Principal Collections - Series Level 65,232,783.14 Class A Class B Class C Total -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- Class Principal Percentages(A & B) 88.12% 11.88% 0.00% 100.00% Class Principal Collections 57,480,485.82 7,752,297.32 0.00% 65,232,783.14 Prin Bal at end of Revolving Prd 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00 Monthly Deposit to PFA. - - - Partial Deposit:(Prin Funding Acct) - - - - Deficiency Controlled Deposit to PFA - - - - Principal Deposit to PFA - Shortfall - - - - Monthly Principal Payment to PFA - - - - Shared Principal Collections 57,480,485.82 7,752,297.32 - 65,232,783.14 Bullet Prin Payment at Maturity - - - - Total Distribution:Interest + Prin 1,066,312.50 161,614.41 257,598.53 1,485,525.44
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1 Coupon Rate Balance Interest Payments --------------------- -------------------- -------------------- --------------------- -------------------- -------------------- Series 2000-2, Class A 1.96% $ 633,333,333.33 $ 1,140,065.97 7 Series 2000-2, Class B 2.18% $ 85,416,666.67 $ 170,593.10 10 Series 2000-2, Class C 2.59% $ 137,500,000.00 $ 326,290.36 36
Series 2000-2 -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- Class A Class B Class C Total --------------------- -------------------- -------------------- --------------------- --------------------- -------------------- -------------------- --------------------- Prin Distr Reqd Amount @ Maturity $ - $ - $ - $ - Int Dist Reqd From Master Trust $ 1,066,312.50 $ 161,614.41 $ 257,598.53 $ 1,485,525.44 PFA Int Shortfall Funded by CBSD $ - $ - $ - $ - Unpaid Int Shortfalls paid this Period $ - $ - $ - $ - Servicing Fee $ 1,315,790.00 $ 1,315,790.000 --------------------- -------------------- -------------------- --------------------- --------------------- -------------------- -------------------- --------------------- Total Required Distribution $ 1,066,312.50 $ 161,614.41 $ 1,573,388.53 $ 2,801,315.44 ===================== ==================== ==================== ===================== ===================== ==================== ==================== =====================
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