-----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, RPZHeqiugYiSmE4q/BBCQZK5vyPUsD4h9xQep/6RsC2vCTx2Z6azfsQbOh1KnS4R a+9SVcDA8V0U+/+zAqsi0Q== 0000839947-02-000187.txt : 20021223 0000839947-02-000187.hdr.sgml : 20021223 20021223111917 ACCESSION NUMBER: 0000839947-02-000187 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021130 ITEM INFORMATION: Other events FILED AS OF DATE: 20021223 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: 02866250 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: 02866251 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 at112502.txt ASSOCIATES CREDIT CARD MASTER NOTE 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): December 16th, 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 November 2002 were distributed to Noteholders on December 17, 2002. Item 7 (C). Exhibits. Exhibit No. Description 20.1 Series 2000-1 monthly statement for the month of November 2002. 20.2 Series 2000-2 monthly statement for the month of November 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:November '02 8k_2000-1 CONFIDENTIAL Servicer's Report Date of Report: 12/18/2002 Interest Period: November 17, 2002 to December 17,2002, Pay on December 18th Associates Credit Card Master Note Trust, Series 2000-1 - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- Transferor Trust Interest Totals - ------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------ Beginning Principal Receivables Balance 5,576,292,256.75 Beginning Fin. Chrg. Receivables Balance 204,096,053.85 Beginning Total Receivables Balance 5,780,388,310.60 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 3,227,550,442.43 Ending Period Invested Amount 3,595,645,507.61 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 380,000,000.00 51,250,000.00 137,500,000.00 568,750,000.00 Principal Deposit to PFA 63,333,333.33 8,541,666.67 0.00 71,875,000.00 Principal Funding Acct (PFA) Bal 443,333,333.33 59,791,666.67 0.00 503,125,000.00 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 316,666,666.67 42,708,333.33 137,500,000.00 496,875,000.00
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Group I Information Series 2000-1 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Beginning Invested Amount 568,750,000.00 Average Rate 1.68% Allocable Finance Charge Collections 10,084,445.58 Allocable Principal Collections 75,941,343.05 Allocable Default Amount Due 5,439,696.93 Allocable Monthly Interest Due from Trust 768,206.73 Monthly Interest on PFA Balance 532,141.19 Allocable Monthly Servicing Fees Due 947,916.67 Ending Invested Amount 496,875,000.00
- -------------------------------------- - -------------------------------------- Payout Event Tests - -------------------------------------- - -------------------------------------- Base Rate Trigger 3 Month Average Portfolio Yield 10.76% 3 Month Average Base Rate 3.95% Spread 6.81% Trigger Pass Test: If Spread is >0, "Yes" Yes Transferor's Interest Trigger Required Transferor Interest 386,424,024.73 Transferor Interest 3,595,645,507.61 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 December 17th, 2002 and with respect to the performance of the Trust during the month of November 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: Amortization 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 -- November: (30 posting days)
Yield Defaults Total Portfolio Yield (Current Month) 21.28% 11.48% 9.80% Portfolio Yield (Prior Month) 22.74% 10.37% 12.37% Portfolio Yield (Two Months Ago) 20.95% 10.84% 10.11% THREE MONTH AVERAGE PORTFOLIO YIELD 10.76% --------------------- ---------------------
Servicing Coupon Total Base Rate (Current Month) 2.00% 1.68% 3.68% Base Rate (Prior Month) 2.00% 2.09% 4.09% Base Rate (Two Months Ago) 2.00% 2.09% 4.09% THREE MONTH AVERAGE BASE RATE 3.95% --------------------- ---------------------
Beginning Period Principal Receivables 5,576,292,256.75 Beginning Period Finance Charge Receivables 204,096,053.85 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 5,780,388,310.60 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 424,044,111.54 Total Defaulted Principal Receivables this Period 53,333,344.85 Total Receivables Adjustments this Period 17,620,323.45 Total Finance Charge Collections this Period 98,872,643.15 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 5,520,343,210.39 Ending Period Finance Charge Receivables 204,217,565.20 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 5,724,560,775.59 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: 31-60 Days Delinquent 119,097,251.83 61-90 Days Delinquent 88,221,709.29 91+ Days Delinquent 172,033,010.03 ------------------- ------------------- Total 31+ Days Delinquent 379,351,971.15 ------------------- -------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-1 ` Floating Investor Percentage 10.1994% Floating Allocation Percentage 56.9520% Fixed Investor Percentage 17.9331% Series Allocation Percetage 17.9088% Principal Allocation Percentage 100.0000%
FINANCE CHARGE ALLOCATIONS Total - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Finance Charge Collections 98,872,643.15 Investor Percentage 10.1994% Investor Finance Charge Collections 10,084,445.58 10,084,445.58 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 10,084,445.58 10,084,445.58
CASH FLOW ALLOCATIONS
Class A Distributions (1)Class A Monthly Interest 461,079.86 (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 461,079.86 Class B Distributions (5)Class B Monthly Interest 71,061.33 (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 71,061.33 (9)Total Monthly Servicing Fee for Series 947,916.67 (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 5,439,696.93 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest 236,065.54 (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 2,928,625.25 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 2,928,625.25
PRINCIPAL ALLOCATIONS - --------------------------------------------------------------------------------- - --------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Principal Collections 424,044,111.54 Series Allocation Percentage 17.9088% Principal Allocation Percentage 100.0000% Investor Principal Collections - Series Level 75,941,343.05 Total Investor Principal Collections - Series Level 75,941,343.05 Class A Class B Class C Total ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ Class Prin Percentages(A & B) 88.12% 11.88% 0.00% 100.00000% Class Principal Collections 66,916,429.82 9,024,913.23 0.00% 75,941,343.05 Class Prin Bal at end of Rev Prd 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000 Monthly Deposit to PFA. 63,333,333.33 8,541,666.67 71,875,000.00 Shared Prin Collect for Oth Series 3,583,096.49 483,246.57 - 4,066,343 Prin Pmt for Class C from Oth Series - - - 0 Net (User)/Provider of Prin Collect 3,583,096.49 483,246.57 - 4,066,343.05 Monthly Principal Payment to PFA 63,333,333.33 8,541,666.67 - 71,875,000.00 Bullet Prin Payment at Maturity - - - 0.00 Total Distribution: Int + Prin 461,079.86 71,061.33 236,065.54 768,206.73
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1 Coupon Rate Balance Interest Payments -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- Series 2000-1, Class A 1.51% $ 380,000,000.00 $ 461,079.86 .86 Series 2000-1, Class B 1.72% $ 51,250,000.00 $ 71,061.33 61.33 Series 2000-1, Class C 2.13% $ - $ - - -
Series 2000-1 ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ Class A Class B Class C Total -------------------- -------------------- ------------------- --------------------- -------------------- -------------------- ------------------- --------------------- Prin Distr Reqd Amount @ Maturity $ - $ - - $ - - - $ - Int Dist Reqd From Master Trust $ 461,079.86 $ 71,061.33 6 $ 236,065.54.33 $ 768,206.73 PFA Int Shortfall Funded by CBSD $ 94,237.33 $ 21,585.86.33 $ - .86 $ 115,823.19 PFA Int Funded by CP $ 366,842.53 $ 49,475.47 3 $ - .47 $ 416,318.00 Principal Deposit to PFA $ 63,333,333.33 $ 8,541,666.67 $ - 7 $ 71,875,000.00 Servicing Fee $ 947,916.67 $ 947,916.67 -------------------- -------------------- ------------------- --------------------- 9 -------------------- -------------------- ------------------- --------------------- Total $ 64,255,493.05 $ 8,683,789.33 $ 1,183,982.21 3 $ 74,123,264.59 ==================== ==================== =================== ===================== ==================== ==================== =================== ===================== Total Cpn Dist to Class A +B+C $ 922,159.72 $ 142,122.66 2 $ 236,065.54 66 $ 1,300,347.92 Total Cpn Dist to Class A + B $ 1,064,282.38
File:November '02 8k_2000-2 CONFIDENTIAL Servicer's Report Date of Report: 12/18/2002 Interest Period: November 17, 2002 to December 17,2002, Pay on December 18th Associates Credit Card Master Note Trust, Series 2000-2 - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- Transferor Trust Interest Totals - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- Beginning Principal Receivables Balance 5,576,292,256.75 Beginning Fin. Chrg. Receivables Balance 204,096,053.85 Beginning Total Receivables Balance 5,780,388,310.60 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 3,227,550,442.43 Ending Period Invested Amount 3,595,645,507.61 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 500,000,000.00 67,434,166.67 108,553,000.00 675,987,166.67 Principal Deposit to PFA on D.D. 50,000,000.00 6,743,416.67 56,743,416.67 Principal Funding Acct (PFA) Balanc150,000,000.00 20,230,250.00 170,230,250.00 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 450,000,000.00 60,690,750.00 108,553,000.00 619,243,750.00
- ------------------------------------------------------------------- - ------------------------------------------------------------------- Group I Information Series 2000-2 - ------------------------------------------------------------------- - ------------------------------------------------------------------- Beginning Invested Amount 675,987,166.67 Average Rate 1.61% Allocable Finance Charge Collections 11,985,856.34 Allocable Principal Collections 59,953,715.86 Allocable Default Amount Due 6,465,345.61 Allocable Monthly Interest Due 876,484.43 Monthly Interest on PFA Balance 138,023.26 Allocable Monthly Servicing Fees Due 1,126,645.28 Ending Invested Amount 619,243,750.00
- -------------------------------- - -------------------------------- Payout Event Tests - -------------------------------- - -------------------------------- Base Rate Trigger 3 Month Average Portfolio Yield 10.76% 3 Month Average Base Rate 3.89% Spread 6.87% Trigger Pass Test: If Spread is >0, "Yes" Yes Transferor's Interest Trigger Required Transferor Interest 386,424,024.73 Transferor Interest 3,595,645,507.61 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 December 17, 2002, and with respect to the performance of the Trust during the month of November 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: Amortization 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 -- November: (30 posting days)
Yield Defaults Total Portfolio Yield (Current Month) 21.28% 11.48% 9.80% Portfolio Yield (Prior Month) 22.74% 10.37% 12.37% Portfolio Yield (Two Months Ago) 20.95% 10.84% 10.11% THREE MONTH AVERAGE PORTFOLIO YIELD 10.76% ----------------- -----------------
Servicing Coupon Total Base Rate (Current Month) 2.00% 1.61% 3.61% Base Rate (Prior Month) 2.00% 2.04% 4.04% Base Rate (Two Months Ago) 2.00% 2.03% 4.03% THREE MONTH AVERAGE BASE RATE 3.89% ----------------- -----------------
Beginning Period Principal Receivables 5,576,292,256.75 Beginning Period Finance Charge Receivables 204,096,053.85 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 5,780,388,310.60 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 424,044,111.54 Total Defaulted Principal Receivables this Period 53,333,344.85 Total Receivables Adjustments this Period 17,620,323.45 Total Finance Charge Collections this Period 98,872,643.15 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 5,520,343,210.39 Ending Period Finance Charge Receivables 204,217,565.20 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 5,724,560,775.59 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: 31-60 Days Delinquent 119,097,251.83 61-90 Days Delinquent 88,221,709.29 91+ Days Delinquent 172,033,010.03 ----------------- ----------------- Total 31+ Days Delinquent 379,351,971.15 ----------------- -----------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-2 Floating Investor Percentage 12.1225% Floating Allocation Percentage 85.7409% Fixed Investor Percentage 14.1577% Series Allocation Percetage 14.1386% Principal Allocation Percentage 100.0000%
FINANCE CHARGE ALLOCATIONS Total - ------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------ AVAILABLE FUNDS Total Trust Finance Charge Collections 98,872,643.15 Investor Percentage 12.1225% Investor Finance Charge Collections 11,985,856.34 11,985,856.34 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 11,985,856.34 11,985,856.34
CASH FLOW ALLOCATIONS
Class A Distributions (1)Class A Monthly Interest 596,614.58 (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 596,614.58 Class B Distributions (5)Class B Monthly Interest 93,501.69 (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 93,501.69 (9)Total Monthly Servicing Fee for Series 1,126,645.28 (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 6,465,345.61 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest 186,368.16 (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 3,517,381.02 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 3,517,381.02
PRINCIPAL ALLOCATIONS - -------------------------------------------------------------------- - -------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Principal Collections 424,044,111.54 Series Allocation Percentage 14.1386% Principal Allocation Percentage 100.0000% Investor Principal Collections - Series Level 59,953,715.86 Total Investor Principal Collections - Series Level59,953,715.86 Class A Class B Class C Total --------------------------------------------------------------------- --------------------------------------------------------------------- Class Prin Percentages(A & B) 88.12% 11.88% 0.00% 100.00000% Class Principal Collections 52,828,785.60 7,124,930.27 0.00% 59,953,715.86 Class Prin Bal at end of Rev Prd 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000 Monthly Deposit to PFA. 50,000,000.00 6,743,416.67 56,743,416.67 Shared Prin Collect for Oth Series 2,828,785.60 381,513.60 - 3,210,299 Prin Pmt for Class C from Oth Series - - - 0 Net (User)/Provider of Prin Collect 2,828,785.60 381,513.60 3,210,299.20 Monthly Principal Payment to PFA 50,000,000.00 6,743,416.67 56,743,416.67 Bullet Prin Payment at Maturity - - - 0.00 Total Distribution:Interest + Prin 596,614.58 93,501.69 186,368.16 876,484.43
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1 Coupon Rate Balance Interest Payments ---------------------------------- ---------------------------------- ---------------------------------- ----------------- Series 2000-2, Class A 1.48% $ 500,000,000.00 $ 596,614.58 14.58 Series 2000-2, Class B 1.72% $ 67,434,166.67 $ 93,501.697 501.69 Series 2000-2, Class C 2.13% $ 108,553,000.00 $ 186,368.16 68.16
Series 2000-2 --------------------------------------------------------------------- --------------------------------------------------------------------- Class A Class B Class C Total ---------------------------------- ---------------------------------- ---------------------------------- ---------------------------------- Prin Distr Reqd Amount @ Maturity $ - $ - - $ - - $ - Int Dist Reqd From Master Trust $ 596,614.58 $ 93,501.6958 $ 186,368.169 $ 876,484.43 PFA Int Shortfall Funded by CBSD $ 22,786.61 $ 5,680.65.61 $,-80.65 $ 28,467.26 PFA Int Funded by CP $ 96,536.31 $ 13,019.6931 $ -19.69 $ 109,556.00 Principal Deposit to PFA $ 50,000,000.00 $ 6,743,416.670 $ - 6.67 $ 56,743,416.67 Servicing Fee $ 1,126,645.28 $ 1,126,645.28 ---------------------------------- ---------------------------------- 3 ---------------------------------- ---------------------------------- Total $ 50,715,937.50 $ 6,855,618.700 $ 1,313,013.44 $ 58,884,569.63 ================================== ================================== ================================== ================================== Total Cpn Dist to Class A +B+C $ 715,937.50 $ 112,202.0350 $ 186,368.163 $ 1,014,507.69 Total Cpn Dist to Class A + B $ 828,139.53
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