Exhibit 99.1
Chase Credit Card Master Trust
Excess Spread Analysis - April 2011
Series Deal Size Expected Maturity | 2003-4 $725MM 10/15/2013 | |||
Yield | 17.68 | % | ||
Less: Coupon | 0.58 | % | ||
Servicing Fee | 1.50 | % | ||
Net Credit Losses | 6.11 | % | ||
Excess Spread: | ||||
April-11 | 9.49 | % | ||
March-11 | 10.19 | % | ||
February-11 | 10.23 | % | ||
Three Month Average Excess Spread | 9.97 | % | ||
Delinquency: | ||||
30 to 59 Days | 0.76 | % | ||
60 to 89 Days | 0.66 | % | ||
90+ Days | 1.53 | % | ||
Total | 2.95 | % | ||
Principal Payment Rate | 20.53 | % |