EX-99 3 a2102193zex-99.htm EXHIBIT 99

Exhibit 99

Target Receivables Corporation: Selected Data (Reported and Revised)

 
   2002
  
 
   Jan
   Feb
   Mar
   Apr
   May
   Jun
   Jul
   Aug
   Sep
   Oct
   Nov
   Dec
  
Reported Net Charge-Off Rate (1)   6.27 % 5.41 % 5.17 % 6.48 % 6.58 % 5.59 % 7.90 % 8.09 % 6.51 % 8.94 % 9.58 % 7.20 %
Revised Net Charge-Off Rate (2)   5.85 % 5.05 % 6.03 % 6.04 % 6.14 % 6.52 % 7.37 % 7.55 % 7.60 % 8.34 % 8.94 % 8.40 %

Reported Net Charge-Off Rate 3-Month Avg
 
7.07
%
5.91
%
5.62
%
5.69
%
6.08
%
6.22
%
6.69
%
7.19
%
7.50
%
7.85
%
8.34
%
8.57
%
Revised Net Charge-Off Rate 3-Month Avg   7.06 % 5.99 % 5.64 % 5.71 % 6.07 % 6.24 % 6.68 % 7.15 % 7.51 % 7.83 % 8.29 % 8.56 %

Reported Portfolio Yield (3)
 
20.86
%
23.36
%
23.18
%
20.53
%
19.09
%
20.27
%
18.37
%
17.22
%
19.62
%
17.27
%
16.41
%
17.92
%
Revised Portfolio Yield (4)   21.27 % 23.72 % 22.32 % 20.96 % 19.53 % 19.34 % 18.89 % 17.76 % 18.54 % 17.87 % 17.05 % 16.72 %

Reported Portfolio Yield 3-Month Avg
 
22.00
%
22.26
%
22.47
%
22.36
%
20.93
%
19.96
%
19.24
%
18.62
%
18.40
%
18.04
%
17.77
%
17.20
%
Revised Portfolio Yield 3-Month Avg   21.99 % 22.18 % 22.44 % 22.34 % 20.94 % 19.94 % 19.26 % 18.66 % 18.40 % 18.05 % 17.82 % 17.21 %
 
   2001
  
 
   Jan (5)
   Feb
   Mar
   Apr
   May
   Jun
   Jul
   Aug
   Sep
   Oct
   Nov
   Dec
  
Reported Net Charge-Off Rate (1)   4.83 % 6.31 % 5.50 % 7.37 % 6.21 % 5.75 % 6.83 % 7.93 % 6.42 % 8.62 % 8.87 % 6.06 %
Revised Net Charge-Off Rate (2)   5.64 % 5.89 % 6.42 % 6.88 % 5.80 % 6.71 % 6.38 % 7.40 % 7.49 % 8.05 % 8.28 % 7.07 %

Reported Net Charge-Off Rate 3-Month Avg
 
6.19
%
5.81
%
5.55
%
6.39
%
6.36
%
6.44
%
6.26
%
6.84
%
7.06
%
7.66
%
7.97
%
7.85
%
Revised Net Charge-Off Rate 3-Month Avg   6.64 % 6.29 % 5.98 % 6.40 % 6.37 % 6.46 % 6.30 % 6.83 % 7.09 % 7.65 % 7.94 % 7.80 %

Reported Portfolio Yield (3)
 
22.96
%
24.96
%
24.75
%
21.31
%
21.26
%
22.23
%
22.95
%
20.45
%
23.11
%
21.84
%
22.58
%
22.55
%
Revised Portfolio Yield (4)   22.16 % 25.38 % 23.83 % 21.80 % 21.67 % 21.27 % 23.41 % 20.98 % 22.04 % 22.42 % 23.17 % 21.54 %

Reported Portfolio Yield 3-Month Avg
 
21.34
%
22.60
%
24.22
%
23.67
%
22.44
%
21.60
%
22.15
%
21.88
%
22.17
%
21.80
%
22.51
%
22.32
%
Revised Portfolio Yield 3-Month Avg   20.88 % 22.12 % 23.79 % 23.67 % 22.44 % 21.58 % 22.12 % 21.89 % 22.14 % 21.81 % 22.54 % 22.37 %

(1) = ((Net Charge-Off) / (Principal A/R Beginning of Month)) * ((360) / (Days in Fiscal Month))

(2) = ((Net Charge-Off) / (Principal A/R Beginning of Month)) * 12

(3) = (Reported Trust Portfolio Yield) - (Reported Net Charge-Off Rate)

(4) = (Reported Trust Portfolio Yield) - (Revised Net Charge-Off Rate)

(5) January 2001 included five weeks in the fiscal month impacting the 3-month averages for January, February, and March.

Note: 3-Month Avg is calculated using a simple average.