HFC CARD FUNDING CORPORATION HOUSEHOLD CREDIT CARD MASTER TRUST 1 Class A and Class B Certificates, Series 1995-1 The undersigned, a duly authorized representative of Household Finance Corporation, as Servicer (the "Servicer"), pursuant to the Pooling...
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HOUSEHOLD FINANCE CORPORATION |
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HFC CARD FUNDING CORPORATION |
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HOUSEHOLD CREDIT CARD MASTER TRUST 1 |
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Class A and Class B Certificates, Series 1995-1 |
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The undersigned, a duly authorized representative of Household Finance Corporation, |
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as Servicer (the "Servicer"), pursuant to the Pooling and Servicing Agreement, dated as of December |
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1, 1995 (the "Pooling and Servicing Agreement"), by and among HFC Card Funding Corporation, |
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as Transferor, the Servicer, and The Bank of New York, as Trustee, does hereby certify |
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with respect to the information set forth below as follows: |
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1.Capitalized terms used in this Certificate shall have the respective |
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meanings set forth in the Pooling and Servicing Agreement. |
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2.Household Finance Corporation is, as of the date hereof, the Servicer |
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under the Pooling and Servicing Agreement. |
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3.The undersigned is a Servicing Officer. |
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4.This Certificate relates to the Distribution Date occurring on December 15, 2000 |
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0.Xxxxx Information. |
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(a)The aggregate amount of Collections processed for the Due Period |
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preceding such Distribution Date was equal to |
$122,261,537.14 |
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(b)The aggregate amount of such Collections with respect to Principal |
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Receivables for the Due Period preceding such Distribution Date was |
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equal to |
$92,874,953.83 |
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(i)The total payment rate, [ ( (b) + (c)(ii) + (c)(iii) ) / (f) ], is |
8.591% |
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(c)The aggregate amount of such Collections with respect to Finance Charge |
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and Administrative Receivables for the Due Period preceding |
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such Distribution Date was equal to |
$29,386,583.31 |
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(i)The gross cash yield, [ ((ii)+(iii)+(iv)+(v)+(vii)) * 12 / (f) ], is |
25.032% |
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(ii)The amount of such aggregate with respect to Finance Charge was equal to |
$23,622,015.49 |
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(iii)The amount of such aggregate with respect to Fees was equal to |
$4,097,712.41 |
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(iv)The amount of such aggregate with respect to Interchange was equal to |
$997,297.36 |
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(v)The amount of such aggregate with respect to Other Recoveries was equal to |
$24,379.00 |
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(vi)The amount of such aggregate with respect to Principal Recoveries was equal to .. |
$103,932.00 |
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(d)The Gross Defaulted Amount for the preceding Due Period is |
$6,996,402.29 |
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(i)The annualized default rate, (d) *12 / (f), is |
5.981% |
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(ii)The annualized net default rate, [(d)-(c)(vi)] *12 / (f), is |
5.892% |
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(e)The Portfolio Yield for such Distribution Date [c(i) - d(ii)] |
19.140% |
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(f)The total amount of Principal Receivables in the Trust at the beginning |
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of the preceding Due Period or, if there were Additions or Removals during the Due |
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Period, the average balance for such Due Period is equal to |
$1,403,751,964.78 |
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(g)The total amount of Principal Receivables as of the last day of the |
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immediately preceding Due Period is |
$1,403,021,624.24 |
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(h)The total amount of Principal Receivables in the Trust at the beginning |
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of the preceding Due Period |
$1,403,751,964.78 |
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(k)The total amount of Finance Charge and Administrative Receivables in the |
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Trust as of the last day of the immediately preceding Due Period is (excludes discount option) |
$50,182,795.56 |
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(l)The aggregate outstanding gross balance of the Accounts which were |
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one payment (1-29 days) delinquent as of the close of business on the last |
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day of the calendar month preceding such Distribution Date was equal to |
$67,292,555.07 |
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(m)The aggregate outstanding gross balance of the Accounts which were |
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two payments (30-59 days) delinquent as of the close of business on the last |
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day of the calendar month preceding such Distribution Date was equal to |
$19,311,108.26 |
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(n)The aggregate outstanding gross balance of the Accounts which were |
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three or more payments (60+ days) delinquent as of the close of business on the last |
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day of the calendar month preceding such Distribution Date was equal to |
$41,896,918.20 |
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(m)The aggregate amount of Trust Excess Principal Collections for such |
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Distribution Date is |
$64,842,343.80 |
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(n)The aggregate amount of Principal Shortfalls for such Distribution Date is |
$36,353,184.74 |
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(o)The Discount Option Date is |
June 1, 1997 |
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(p)The Discount Percentage |
3.000% |
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0 |
$0.00 |
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$0.00 |
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0.Xxxxx One Information |
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(a)The Average Rate for Group One (the weighted average Certificate Rate |
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reduced to take into account any payments made pursuant to interest |
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rate agreements, if any ) is equal to |
7.056% |
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(b)Group One Total Investor Collections is equal to |
$31,786,142.33 |
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(c)Group One Investor Principal Collections is equal to |
$24,146,077.09 |
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(d)Group One Investor Finance Charge and Administrative Collections is equal to |
$7,640,065.24 |
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(e)Group One Investor Additional Amounts is equal to |
$0.00 |
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(f)Group One Investor Default Amount is equal to |
$1,818,958.31 |
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(g)Group One Investor Monthly Fees is equal to |
$651,587.78 |
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(h)Group One Investor Monthly Interest is equal to |
$1,955,713.96 |
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7.Series 1995-1 Information |
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(a)The Series Adjusted Portfolio Yield for the Due Period preceding such |
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Distribution Date was equal to |
17.867% |
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(b)The Series 1995-1 Allocation Percentage with respect to the Due |
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Period preceding such Distribution Date was equal to |
28.594% |
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(c)The Floating Allocation Percentage for the Due Period preceding such |
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Distribution Date was equal to |
90.924% |
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(d)The aggregate amount of Reallocated Finance Charge and |
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Administrative Collections for the Due Period preceding |
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such Distribution Date is equal to |
$7,640,065.24 |
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(e)The Floating Allocation Percentage of Series Allocable Finance |
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Charge and Administrative Collections for the Due Period preceding |
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such Distribution Date is equal to |
$7,640,065.24 |
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(f)Class A Invested Amount |
$58,333,333.33 |
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(g)The Class A Invested Percentage with respect to the Due Period |
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preceding such Distribution Date was equal to |
$0.298 |
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(h)The Class A Invested Percentage of the amount set forth in Item 7(d) |
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above was equal to |
$2,279,920.36 |
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(i)The amount of Class A Monthly Interest for such Distribution Date is |
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equal to |
$330,069.44 |
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(j)The amount of any Class A Monthly Interest previously due but not |
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distributed on a prior Distribution Date is equal to |
$0.00 |
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(k)The amount of Class A Additional Interest for such Distribution Date |
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is equal to |
$0.00 |
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(l)The amount of any Class A Additional Interest previously due but not |
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distributed on a prior Distribution Date is equal to |
$0.00 |
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(m)The Class A Investor Default Amount for such Distribution Date is |
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equal to |
$542,806.89 |
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(n)The Allocable Servicing Fee for such Distribution Date is equal to |
$651,587.78 |
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(o)The Class A Required Amount, if any, with respect to such |
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Distribution Date is equal to |
$0.00 |
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(p)Class B Invested Amount |
$214,286,000.00 |
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(q)The Class B Invested Percentage for the Due Period preceding such |
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Distribution Date was equal to |
54.81% |
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(r)The Class B Invested Percentage of the amount set forth in Item 7(d) |
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above is equal to |
$4,187,614.41 |
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(s)The amount of Class B Monthly Interest for such Distribution Date is |
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equal to |
$1,244,644.52 |
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(t)The amount of any Class B Monthly Interest previously due but not |
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distributed on a prior Distribution Date is equal to |
$0.00 |
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(u)The amount of Class B Additional Interest for such Distribution Date |
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is equal to |
$0.00 |
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(v)The amount of any Class B Additional Interest previously due but not |
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distributed on a prior Distribution Date is equal to |
$0.00 |
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(w)Class B Investor Default Amount for such Distribution Date is equal |
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to |
$996,993.58 |
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(x)The Collateral Invested Percentage of the amount set forth in Item 7(d) |
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above is equal to |
$1,172,530.47 |
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(y)The Series 1995-1 Principal Shortfall for such Distribution Date is |
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equal to |
$36,353,184.74 |
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(z)The Series 1995-1 Excess Principal Collections is equal to |
$36,353,184.74 |
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(aa)The amount of Excess Finance Charge and Administrative Collections |
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with respect to such Distribution Date is equal to |
$4,870,956.60 |
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(bb)The amount of Excess Finance Charge and Administrative Collections |
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referred to in Item 7(aa) will be available to be distributed on such |
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Distribution Date to fund or reimburse the following items: |
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(i)to fund the Class A Required Amount, if any, with |
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respect to such Distribution Date |
$0.00 |
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(ii)to reimburse Class A Investor Charge-Offs |
$0.00 |
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(iii)to pay current or overdue Class B Monthly Interest, |
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Class B Additional Interest or the Cumulative |
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Excess Interest Amount |
$0.00 |
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(iv)to fund the Class B Investor Default Amount with |
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respect to such Distribution Date |
$996,993.58 |
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(v)to reimburse certain previous reductions in the Class B |
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Invested Amount |
$0.00 |
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(vi)to pay the Collateral Monthly Interest for such Distribution |
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Date equal to |
$381,000.00 |
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(vii)to pay any portion of the Allocable Servicing Fee not |
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paid pursuant to clause (i) above |
$0.00 |
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(viii)to fund the Collateral Investor Default Amount with |
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respect to such Distribution Date |
$279,157.83 |
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(ix)to make any required deposit in the Cash Collateral Account.. |
$0.00 |
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(cc)The amount of Subordinated Principal Collections with respect to such |
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Distribution Date is equal to |
$16,940,492.97 |
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(dd)The Principal Allocation Percentage is equal to |
90.92% |
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(gg)The total amount to be distributed to Class A Certificateholders on |
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such Distribution Date in payment of principal is equal to |
$58,333,333.33 |
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(hh)The total amount to be distributed to Class B Certificateholders on |
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such Distribution Date in payment of principal is equal to |
$0.00 |
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(ii)The amount of Class A Investor Charge-Offs for such Distribution |
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Date is equal to |
$0.00 |
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(jj)The total amount of reimbursements of Class A Investor Charge-Offs |
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for such Distribution Date is equal to |
$0.00 |
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(kk)The amount of Class B Investor Charge-Offs and other reductions in |
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the Class B Invested Amount for such Distribution Date is equal to |
$0.00 |
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(ll)The total amount of reimbursements of Class B Investor Charge-Offs |
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for such Distribution Date is equal to |
$0.00 |
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(mm)The Class A Invested Amount at the close of business on such |
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Distribution Date (after giving effect to all payments and adjustments |
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on such Distribution Date) will be equal to |
$0.00 |
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(nn)The Class B Invested Amount at the close of business on such |
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Distribution Date (after giving effect to all payments and adjustments |
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on such Distribution Date) will be equal to |
$214,286,000.00 |
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(oo)The Available Collateral Amount as of the close of business on the |
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preceding Distribution Date (after giving effect to any withdrawal |
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from the Collateral Account) was equal to |
$60,000,000.00 |
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(pp)The Required Collateral Amount as of the close of business on such |
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Distribution Date, after giving effect to any withdrawal from the |
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Collateral Account and payments to the Collateral Interest Holder on |
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such Distribution Date, will be equal to |
$60,000,000.00 |
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(qq)The ratio of the Required Collateral Amount to the Class B Invested Amount |
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as of the close of business on such Distribution Date, after giving effect |
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to any withdrawal from the Collateral Account and payments to the |
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Collateral Interest Holder on such Distribution Date, will be equal to |
28.000% |
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(rr)The Cumulative Excess Interest Amount as of the close of business on |
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such Distribution Date, after giving effect to any payments of interest |
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to Class B Certificateholders on such Distribution Date, will be equal to |
$0.00 |
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0.Xxxxx amount to be on deposit in the Collection Account (after giving effect to |
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allocations required to be made pursuant to the terms of all other Series now |
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outstanding and to the payment of the Servicer's fee and funding of investor default |
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amounts) prior to making distributions on such Distribution Dates is equal to |
$5,169,519.15 |
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9.The total amount to be allocated according to the terms of the Collateral |
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Agreement on such Distribution Date is equal to |
$3,594,805.19 |
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00.Xxxxx amount to be distributed from the Collection Account to the |
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Servicer in respect of the unpaid Allocable Servicing Fee for the |
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preceding Due Period on such Distribution Date (after taking into |
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consideration the amounts which have been netted with respect to this |
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Series against deposits to the Collection Account) is equal to |
$0.00 |
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00.Xx of the date hereof, to the best knowledge of the undersigned, the Servicer |
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has performed in all material respects all its obligations under the Pooling |
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and Servicing Agreement through the Due Period preceding such |
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Distribution Date or, if there has been a default in the performance of |
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any such obligation, set forth in detail the (i) nature of such default, |
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(ii) the action taken by the Transferor and Servicer, if any, to remedy such default |
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and (iii) the current status of each such default; if applicable, insert "None". |
None |
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00.Xx of the date hereof, to the best knowledge of the undersigned, no |
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Amortization Event has been deemed to have occurred on or prior to |
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such Distribution Date. |
$0.00 |
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00.Xx of the date hereof, to the best knowledge of the undersigned, no |
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Lien has been placed on any of the Receivables other than pursuant to |
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the Pooling and Servicing Agreement (or, if there is a Lien, such Lien |
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consists of : ____________________________________________). |
$0.00 |
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14.The amounts specified to be deposited into and withdrawn from the |
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Collection Account, as well as the amounts specified to be paid to the |
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Transferor, the Servicer, the Collateral Interest Holder and the Certificateholders |
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are all in accordance with the requirements of the Pooling and |
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Servicing Agreement. |
$0.00 |
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*Approximately $1.7 billion of receivables was removed from the Trust in |
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November 1998 to facilitate Xxxxxxxxx's strategy to sharpen the focus of its U.S. |
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Bankcard business by de-emphasizing non-core Mastercard/Visa activities. The |
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removal favorably impacted the annualized net default rate of the Trust. |
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IN WITNESS WHEREOF, the undersigned has duly executed and delivered this |
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Certificate this 15th day of December, 2000. |
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HOUSEHOLD FINANCE CORPORATION |
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as Servicer, |
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By: _______________________________ |
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Servicing Officer |
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0 |
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Household Finance Corporation |
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HFC Card Funding Corporation |
November 2000 |
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Household Credit Card Master Trust I , Series 1995-1 |
Dec 15, 2000 |
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CLASS A CERTIFICATEHOLDER'S STATEMENT |
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A.Information Regarding Distributions |
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1. Total distribution per $1,000 interest |
$83.804861111 |
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2. Principal distribution per $1,000 interest |
$83.333333333 |
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3. Interest distribution per $1,000 interest |
$0.471527778 |
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B. Calculation of Class A Interest |
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1. Calculation of Class A Certificate Rate |
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(a) One-month LIBOR |
6.62% |
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(b) Spread |
0.17% |
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(c) Class A Certificate Rate |
6.79% |
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2. Beginning Principal Amount |
$58,333,333.33 |
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3. Days in Interest Period |
30 |
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C. Performance of Trust |
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1. Collections of Receivables |
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(a) Total Collections |
$122,261,537.14 |
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(b) Collections of Finance Charge and Administrative Receivables |
$29,386,583.31 |
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(c) Collections of Principal |
$92,874,953.83 |
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2. Allocation of Receivables |
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(a) Class A Invested Percentage |
29.84% |
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(b) Principal Allocation Percentage |
90.92% |
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3. Delinquent Balances |
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(a) Delinquent 5 - 29 days |
$67,292,555.07 |
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4.50% |
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(b) Delinquent 30 - 59 days |
$19,311,108.26 |
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1.29% |
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(c) Delinquent 60+ days |
$41,896,918.20 |
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2.80% |
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4. Class A Investor Default Amount |
$542,806.89 |
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5. Class A Investor Charge-offs; Reimbursement of Charge-offs |
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(a) Class A Investor Charge-offs, if any, for the Distribution Date |
$0.000000000 |
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(b) The amount of Item 5.(a) per $1,000 interest |
$0.000000000 |
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(c) Total reimbursed to Trust in respect of Class A Investor Charge-offs |
$0.000000000 |
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(d) The amount of Item 5.(c) per $1,000 interest |
$0.000000000 |
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(e) The amount, if any, by which the outstanding principal balance of the |
$0.000000000 |
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Class A Certificates exceeds the class A Invested Amount as of |
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the end of the Distribution Date |
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6. Allocable Servicing Fee paid for the Distribution Date |
$651,587.78 |
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7. Deficit Controlled Amortization Amount for the Distribution Date |
$0.000000000 |
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8. Discount Option Date |
$35,582.000000000 |
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9. Discount Percentage |
3.00% |
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D.Class A Pool Factor |
$0.000000000 |
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E. Receivables Balances |
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1. Principal Receivables as of the last day of the preceding Due Period |
$1,403,021,624.24 |
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2. Finance Charge and Administrative Receivables as of the last day |
$50,182,795.56 |
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of the preceding Due Period |
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F.Class B Certificates |
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1. Class B Invested Amount as of the end of the Distribution Date |
$214,286,000.00 |
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2. Available Collateral Invested Amount as of the end of the Distribution Date |
$60,000,000.00 |
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Household Finance Corporation |
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HFC Card Funding Corporation |
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Household Credit Card Master Trust I , Series 1995-1 |
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CLASS B CERTIFICATEHOLDER'S STATEMENT |
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A.Information Regarding Distributions |
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1. Total distribution per $1,000 interest |
$5.808333333 |
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2. Principal distribution per $1,000 interest |
$0.000000000 |
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3. Interest distribution per $1,000 interest |
$5.808333333 |
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B. Calculation of Class B Interest |
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1. Calculation of Class B Certificate Rate |
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(a) One-month LIBOR |
6.62% |
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(b) Spread |
0.35% |
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(c) Class B Certificate Rate |
6.97% |
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2. Beginning Invested Amount |
$214,286,000.00 |
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3. Days in Interest Period |
30 |
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C. Performance of Trust |
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1. Collections of Receivables |
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(a) Total Collections |
$122,261,537.14 |
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(b) Collections of Finance Charge and Administrative Receivables |
$29,386,583.31 |
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(c) Collections of Principal |
$92,874,953.83 |
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2. Allocation of Receivables |
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(a) Class B Invested Percentage |
54.81% |
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(b) Principal Allocation Percentage |
90.92% |
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3. Delinquent Balances |
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(a) Delinquent 5 - 29 days |
$67,292,555.07 |
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4.50% |
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(b) Delinquent 30 - 59 days |
$19,311,108.26 |
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1.29% |
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(c) Delinquent 60+ days |
$41,896,918.20 |
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2.80% |
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4. Class B Investor Default Amount |
$996,993.58 |
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5. Class B Investor Charge-offs; Reimbursement of Charge-offs |
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(a) Class B Investor Charge-offs, if any, for the Distribution Date |
$0.00 |
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(b) The amount of Item 5.(a) per $1,000 interest |
$0.00 |
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(c) Total reimbursed to Trust in respect of Class B Investor Charge-offs |
$0.00 |
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(d) The amount of Item 5.(c) per $1,000 interest |
$0.00 |
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(e) The amount, if any, by which the outstanding principal balance of the |
$0.00 |
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Class B Certificates exceeds the Class B Invested Amount as of |
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the end of the Distribution Date |
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6. Available Cash Collateral Amount |
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(a) Available Cash Collateral Amount at the end of the Distribution Date |
$0.00 |
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(b) Available Cash Collateral Amount as a percent of the Class B |
$0.00 |
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Invested Amount, each at the end of the Distribution Date |
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7. Available Collateral Invested Amount |
$60,000,000.00 |
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8. Deficit Controlled Amortization Amount for the Distribution Date |
$0.00 |
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9. Discount Option Date |
June 1, 1997 |
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10. Discount Percentage |
3.00% |
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D.Class B Pool Factor |
$1.000000000 |
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E. Receivables Balances |
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1. Principal Receivables as of the last day of the preceding Due Period |
$1,403,021,624.24 |
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2. Finance Charge and Administrative Receivables as of the last day |
$50,182,795.56 |
