JPMorgan Chase Bank, National Association - FORM 8-K - EX-99.1 - EXCESS SPREAD ANALYSIS - June 15, 2011

Attached files

file filename
8-K - FORM 8-K - JPMorgan Chase Bank, National Associationd8k.htm
EX-99.2 - MONTHLY REPORTS WITH RESPECT TO THE JUNE 15, 2011 DISTRIBUTION - JPMorgan Chase Bank, National Associationdex992.htm

Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - May 2011

 

Series

Deal Size

Expected Maturity

   

2003-4

$725MM
10/15/2013

  

Yield

      18.59 % 

Less: Coupon

      0.56 % 

Servicing Fee

      1.50 % 

Net Credit Losses

      6.07 % 

Excess Spread :

   

May-11

      10.46 % 

April-11

      9.49 % 

March-11

      10.19 % 

Three Month Average Excess Spread

      10.05 % 

Delinquency:

   

30 to 59 Days

      0.70 % 

60 to 89 Days

      0.59 % 

90+ Days

      1.41 % 

Total

      2.70 % 

Principal Payment Rate

      22.68 %