Swiss Credit Card Issuance No. 1 Ltd

Transcription

1 Swiss Credit Card Issuance. 1 Ltd Investor Report Assetbacked tes issued by Swiss Credit Card Issuance. 1 Ltd Bonds ISIN Expected minal Current Rating Issue date Maturity (millions) Fitch / S&P Class A tes CH AAA (sf) / AAAsf Class B tes CH A(sf) / A+sf Class C tes CH BBB (sf) / BBB+sf Report Reporting for collections Reporting Entity: Swiss Credit Card Issuance. 1 Ltd c/o Swisscard AECS AG Neugasse 18 CH8810 Horgen Switzerland info.scard [at] swisscard [dot] ch info.scard [at] scard [dot] ch 1 of 11

2 Swisscard Report 0 REPORT INFORMATION 1 Report Beginning of Monthly End of Monthly Previous Distribution Distribution Accrual Beginning Accrual Ending (1) Days in Monthly 28 9 Days in Interest 30 I. RECEIVABLES INFORMATION End of Monthly Beginning of Monthly 1 Number of Accounts 691' '713 2 Principal Receivables 782'174' '147' Increase in Principal Receivables 466'299' Decrease in Principal Receivables 421'272' Finance Charge Receivables 19'497' '646' Total Receivables 801'672' '794' Average Account Balance 1' ' Originator Invested Amount 412'174' '147' Minimum Originator Invested Amount 180'682' '281' Unencumbered Originator Difference 231'492' '866' info.scard [at] scard [dot] ch 2 of 11

3 II. INVESTOR INFORMATION As of Distribution As of Prev. Distribution As of Distribution As of Prev. Distribution 1 minal Liquidation Amount of all issuances 370'000' '000' te Principal Balance of all issuances 370'000' '000' Increase in te Principal Balance due to new Issuances 370'000' '000' Decrease in te Principal Balance due to Principal Paid and tes Retired 5 Month End Principal Receivables as percentage of minal Liquidation Amount % % 6 Month End Principal Receivables as percentage of tes Principal Balance % % 7 Class A te minal liquidation amount 351'100' '100' Class A te Principal Balance 351'100' '100' Class B te minal liquidation amount 11'500' '500' Class B te Principal Balance 11'500' '500' Class C te minal liquidation amount 7'400' '400' Class C te Principal Balance 7'400' '400' Increase / Decrease in Unreimbursed Investor ChargeOffs 14 Increase / Decrease in Reallocated Principal Collections 15 n Principal Allocation Percentage (monthly period) 50.19% 44.10% 16 Principal Allocation Percentage (monthly period) 50.19% 44.10% info.scard [at] scard [dot] ch 3 of 11

4 Distribution to teholders 17 The total amount of the distribution to Class A teholders 256' ' ' ' The amount of the distribution in respect of interest on the Class A tes 256' ' ' ' The amount of the distribution in respect of principal on the Class A tes 20 The total amount of the distribution to Class B teholders 25' ' ' ' The amount of the distribution in respect of interest on the Class B tes 25' ' ' ' The amount of the distribution in respect of principal on the Class B tes 23 The total amount of the distribution to Class C teholders 22' ' ' ' The amount of the distribution in respect of interest on the Class C tes 22' ' ' ' The amount of the distribution in respect of principal on the Class C tes 26 Class A interest ledger beginning balance 1'996' '740' '996' '740' Increase in the Class A interest ledger 256' ' ' ' Class A interest ledger ending balance 2'252' '996' '252' '996' Class B interest ledger beginning balance 196' ' ' ' Increase in the Class B interest ledger 25' ' ' ' Class B interest ledger ending balance 221' ' ' ' Class C interest ledger beginning balance 174' ' ' ' Increase in the Class C interest ledger 22' ' ' ' Class C interest ledger ending balance 196' ' ' ' info.scard [at] scard [dot] ch 4 of 11

5 III. PERFORMANCE DATA End of Monthly Prior Monthly Two Months Prior Monthly ThreeMonth Average End of Monthly Prior Monthly Two Months Prior Monthly ThreeMonth Average 1 Outstanding Balance of the performing assets 750'468' Days Delinquent 37'850' Number of Accounts delinquent 130 days Days Delinquent 6'791' Number of Accounts delinquent 3160 Days Days Delinquent 2'385' Number of Accounts delinquent 6190 Days Days Delinquent 1'596' Number of Accounts delinquent Days Days Delinquent 1'323' Number of Accounts delinquent Days Days Delinquent 1'255' Number of Accounts delinquent Days Gross Asset SPV Yield (based on Finance Charge Collections) 21.80% 26.76% 24.96% 24.50% 15 Monthly Payment Rate 54.86% 78.28% 60.35% 64.50% 16 Gross ChargeOff Rate excluding Fraud % % % % 17 Net ChargeOff Rate excluding Fraud % % % % 18 Gross ChargeOff Rate including Fraud % 19 Net ChargeOff Rate including Fraud % 20 Portfolio Yield 17.46% 22.40% 20.41% 20.09% 21 Expense Rate 0.99% 0.99% 1.07% 1.01% 22 Excess Spread Percentage 16.47% 21.41% 19.34% 19.08% 23 Recoveries (excluding Fraud recoveries) 109' Fraud Amount 291' Diluition (only for principal) 6'846' info.scard [at] scard [dot] ch 5 of 11

6 IV. Collections and Expenses End of Monthly End of Monthly 1 Total Principal Collections 413'582' Total Finance Charge Collections 13'390' Total Collections 426'972' Reallocated Principal collections Senior Costs at Issuer Level 5 te Trustee fees 6 Principal Paying Agent fees 7 Cash Manager fees 8 Issuer Account Bank fees 9 Issuer Corporate Services Provider fees Other Issuer Costs fees Asset SPV Expenses 11 Servicing Fees 249' Monthly Asset SPV costs 2' Initial FC Purchase Price 1'593' Monthly Asset SPV profit amount 7' Investment proceeds (from asset SPV permitted investments) 16 Investment proceeds (from Issuer permitted investments) 17 Reserve and Spread Account releases 18 Net Finance Charge collection 11'538' info.scard [at] scard [dot] ch 6 of 11

7 V. Allocation of available Finance Charge Collection (source of funds to pay the notes chapter 4.1) As of Distribution As of Distribution 1 Available FC collection (at Issuer Level) 5'791' a): Senior Costs at Issuer Level pro rata and pari passu b): Class A Monthly Interest Amount 256' a Current Interest Amount 256' b Deferred Interest Amount c Additional Interest 4 c): Class B Monthly Interest Amount 25' a Current Interest Amount 25' b Deferred Interest Amount c Additional Interest 5 d): Class C Monthly Interest Amount 22' a Current Interest Amount 22' b Deferred Interest Amount c Additional Interest 6 e): Current Issuer Chargeoffs 408' f): Aggregate of (i) Prior Issuer ChargeOff and (ii) Reduction of minal Liquidation amount 8 g): Required Accumulation Reserve Amount 9 h): Required Liquidity Amount 10 i): Required Spread Amount 11 j): Issuer Costs not previously paid pro rata and pari passu 12 k): Increase Originator Invested Amount to Minimum Originator Invested Amount 13 l): Amortisation to pay principal on the tes 14 m): Issuer Monthly Profit Amount 3' n): Deferred Subscription Price 5'075' info.scard [at] scard [dot] ch 7 of 11

8 VI. Allocation of available Principal Collection (source of funds to pay the notes chapter 4.4) As of Distribution As of Distribution 1 Available Principal Collections at Issuer Level 207'591' a Issuer's Required Retained Principal Amount 18'900' b Reallocated Principal Collections for current distribution date c Available Net Finance Charge Collections to be distributed as principal 408' d Total Available Principal Collections 19'308' During revolving period: a Total Available Principal Collections 19'308' During the controlled accumulation period: a i) The lesser of (a) Controlled deposit amount for class A notes and (b) Net minal Liquidation Amount of class A notes b ii) The lesser of (a) Controlled deposit amount for class B notes and (b) Net minal Liquidation Amount of class B notes c iii) The lesser of (a) Controlled deposit amount for class C notes and (b) Net minal Liquidation Amount of class C notes d iv) Reinvestment in Issuer Certificate 1. 4 On the scheduled redemption date (early amortization period): a i) minal Liquidation Amount Class A notes b ii) minal Liquidation Amount Class B notes c iii) minal Liquidation Amount Class C notes info.scard [at] scard [dot] ch 8 of 11

9 VII. ACCUMULATION PERIOD 1 Controlled Accumulation Length in months (scheduled) Controlled Deposit Accumulation Amount 3 Controlled Deposit Accumulation Amount Deficit 4 Controlled Deposit Amount 5 Principal Funding Account Balance a Beginning Balance of accounting period b Controlled Deposit Amount c Withdrawal for Principal Payment d Ending Balance of accounting period VIII. ACCUMULATION RESERVE ACCOUNT (Chapter 5.2) 1 Accumulation reserve account funding date dd/mm/yyyy 2 Required Accumulation reserve amount 3 Beginning available accumulation reserve account amount 4 Withdrawal of any excess over the Accumulation Reserve Required Amount 5 Ending available accumulation reserve account amount IX. SPREAD ACCOUNT FUNDING (Chapter 5.3) 1 Spread Account Percentage Required Spread Account Amount 3 Beginning Available Spread Account Amount 4 Amount to pay the Class C Monthly Interest Amount for such Distribution 5 Amount to pay the holder(s) of the Class C tes in an amount up to any minal Liquidation Amount Deficit on the Class C tes for such Distribution 6 Ending Available Spread Account Amount X. LIQUIDITY RESERVE ACCOUNT (5.4) 1 Required liquidity reserve account amount 2 Beginning available liquidity reserve account amount 3 Withdrawal of any excess over the Required liquidity reserve account 4 amount Ending available liquidity reserve account amount info.scard [at] scard [dot] ch 9 of 11

10 XI. EARLY REDEMPTION / AMORTIZATION / DEFAULT EVENT 1 Has an Early Amortization event occurred? 2 Has an Event of Default occurred? 3 Has an Early Redemption Event for Issuer Certificate occurred? 4 Originator Invested Amount 412'174' Minimum Originator Invested Amount 180'682' Originator's Interest is less than the Minimum Originator's Interest? 7 Excess Originator's Interest 231'492' Eligible Principal Receivables 782'174' Minimum Aggregate Principal Receivables 370'000' The te Principal Balance is less than the Required Principal Balance 11 Excess Principal Balance 412'174' Excess Spread averaged over the three preceding Monthly s is less than the Excess Spread Required Amount for such Monthly? 13 Outstanding Principal Amount of a te will not be reduced to zero on the Scheduled Redemption for such te 14 Scheduled Redemption Are there any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments? 16 Are there any material breaches of representations, warranties or covenants related to the pool assets? 17 Are there any material changes in criteria used to originate, acquire, or select new pool assets? Footnotes 1 Interest will be accumulated on a monthly basis info.scard [at] scard [dot] ch 10 of 11

11 This document was produced by Credit Suisse AG and/or Swisscard AECS and/or their affiliates (hereafter "CS / SC") with the greatest of care and to the best of its knowledge and belief. However, CS / SC provides no guarantee with regard to its content and completeness and does not accept any liability for losses or tax implications which might arise from making use of this information. The opinions expressed in this document are those of CS / SC at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This document is provided for information purposes only. It does not constitute an offer or a recommendation to buy or sell financial instruments or banking services and does not release the recipient from exercising his/her own judgment. The information and views contained in this document are those of CS / SC or are derived from sources believed to be reliable. The transactions defined herein are complex, may involve a high degree of risk especially with regard to fluctuations in value and return and are intended for sale only to clients who are capable of understanding and assuming the risks involved (e.g., credit risk, market risk, currency risk, liquidity risk, commodity risk, emerging market risk etc.). Before entering into any transaction, you should consider the suitability of the transaction to your particular circumstances and independently review (with your professional advisers as necessary) the specific financial risks as well as legal, regulatory, credit, tax and accounting consequences. It should be noted that historical performance indications and financial market scenarios are no guarantee for current or future performance. guarantee can be given that the performance of the benchmark will be reached or outperformed. Clients engaging in the types of transactions envisaged in this document should have the financial ability and willingness to accept the risks, which are characteristic of the transactions described in this document. assurance can be given that the financial objective will be achieved. This document is personal to the recipient and may only be used by those persons to whom it has been handed out. This document is not being issued in the United States of America and must not be distributed in the United States or to any U.S. Person (within the meaning of Regulation S under the US Securities Act of 1933, as amended) or publications with a general circulation in the United States. This document does not constitute or form part of an offer or invitation to purchase any securities in the United States of America. Furthermore, this document may not be distributed in any other jurisdiction except under circumstances that will result in compliance with the applicable laws thereof as local law or regulation may restrict the distribution into certain jurisdictions. CS / SC acting solely in the capacity of a potential arm s length contractual counterparty and not as your financial adviser or fiduciary in any transaction unless we have agreed to so act in writing. A Credit Suisse Group AG company may, to the extent permitted by law, participate or invest in other Swiss Credit Card Issuance. 1 Ltd, c/o Swisscard AECS AG, Postfach, Neugasse 18, 8810 Horgen, info.scard [at] scard [dot] ch 11 of 11