EX-20.1 3 a2073994zex-20_1.txt EXHIBIT 20.1 Exhibit 20.1 MONTHLY CERTIFICATEHOLDER'S STATEMENT SERIES 1998-1 TRAVELERS BANK USA TRAVELERS BANK CREDIT CARD MASTER TRUST I ------------------------------------------- MONTHLY PERIOD ENDING 11/30/01 ------------------------------------------- The information which is required to be prepared with respect to this Distribution 14th of December, 2001 and with respect to the performance of the trust during the month of November, 2001 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL CERTIFICATE PRINCIPAL AMOUNT) 1. The amount of distribution in respect of Class A Monthly Principal $0.00000000 2. The amount of distribution in respect of Class B Monthly Principal $0.00000000 3. The amount of distribution in respect of Class C Monthly Principal $0.00000000 4. The amount of the distribution in respect of Class A Monthly Interest $5.00000000 5. The amount of distribution in respect of any accrued and unpaid Class A Monthly Interest $0.00000000 6. The amount of distribution in respect of Class A Additional Interest $0.00000000 7. The amount of the distribution in respect of Class B Monthly Interest $0.00000000 8. The amount of distribution in respect of any accrued and unpaid Class B Monthly Interest $0.00000000 9. The amount of distribution in respect of Class B Additional Interest $0.00000000 10. The amount of the distribution in respect of Class C Monthly Interest $0.00000000 11. The amount of distribution in respect of any accrued and unpaid Class C Monthly Interest $0.00000000 12. The amount of distribution in respect of Class C Additional Interest $0.00000000

Page 1 of 7 B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST 1. PRINCIPAL RECEIVABLES (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period, which were allocable in respect of Class A Certificates $57,039,835.91 (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period, which were allocable in respect of Class B Certificates $3,136,298.53 (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period, which were allocable in respect of Class C Certificates $2,505,214.07 2. PRINCIPAL RECEIVABLES IN THE TRUST (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the Monthly Period $305,181,532.21 (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1998-1 as of the end of the day on the last day of the Monthly Period $250,000,000.00 (c) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest of Series 1998-1 as of the end of the day on the last day of the Monthly Period $227,500,000.00 (d) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest of Series 1998-1 as of the end of the day on the last day of the Monthly Period $12,500,000.00 (e) The amount of Principal Receivables in the Trust represented by the Class C Investor Interest of Series 1998-1 as of the end of the day on the last day of the Monthly Period $10,000,000.00 Page 2 of 7 (f) The Floating Investor Percentage with respect to the Monthly Period 98.33% (g) The Class A Floating Investor Percentage with respect to the Monthly Period 89.48% (h) The Class B Floating Investor Percentage with respect to the Monthly Period 4.92% (i) The Class C Floating Investor Percentage with respect to the Monthly Period 3.93% (j) The Principal Investor Percentage with respect to the Monthly Period 98.33% (k) The Class A Principal Investor Percentage with respect to the Monthly Period 89.48% (l) The Class B Principal Investor Percentage with respect to the Monthly Period 4.92% (m) The Class C Principal Investor Percentage with respect to the Monthly Period 3.93% 3. DELINQUENT BALANCES The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period. PERCENTAGE OF AGGREGATE TOTAL RECEIVABLES BALANCE ----------------- ------------- (a) 31-60 days: 0.90% $2,733,700.26 (b) 61-90 days 0.61% 1,875,980.90 (c) 91-120 days 0.42% 1,291,160.48 (d) Over 120 days 0.65% 1,977,708.45 Total 2.58% $7,878,550.09 Page 3 of 7 4. INVESTOR DEFAULT AMOUNT (a) The Aggregate Investor Default Amount for the related Monthly Period $1,032,366.16 (b) The Class A Investor Default Amount for the related Monthly Period $939,450.06 (c) The Class B Investor Default Amount for the related Monthly Period $51,655.05 (d) The Class C Investor Default Amount for the related Monthly Period $41,261.05 Page 4 of 7 5. INVESTOR CHARGE-OFFS (a) The aggregate amount of Class A Investor Charge-Offs for the related Monthly Period $0.00 (b) The aggregate amount of Class A Investor Charge-Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $0.00 (c) The aggregate amount of Class B Investor Charge-Offs for the related Monthly Period $0.00 (d) The aggregate amount of Class B Investor Charge-Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $0.00 (e) The aggregate amount of Class C Investor Charge-Offs for the related Monthly Period $0.00 (f) The aggregate amount of Class C Investor Charge-Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $0.00 (g) The aggregate amount of Class A Investor Charge-Offs reimbursed on the Distribution Date $0.00 (h) The aggregate amount of Class A Investor Charge-Offs set forth in 5 (g) above per $1,000 original certificate principal amount $0.00 (i) The aggregate amount of Class B Investor Charge-Offs reimbursed on the Distribution Date $0.00 (j) The aggregate amount of Class B Investor Charge-Offs set forth in 5 (g) above per $1,000 original certificate principal amount $0.00 (k) The aggregate amount of Class C Investor Charge-Offs reimbursed on the Distribution Date $0.00 (l) The aggregate amount of Class C Investor Charge-Offs set forth in 5 (g) above per $1,000 original certificate principal amount $0.00 Page 5 of 7 6. INVESTOR SERVICING FEE (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $379,166.67 (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $20,833.33 (c) The amount of the Class C Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $16,666.67 7. REALLOCATIONS (a) The amount of Reallocated Class C Principal Collections with respect to this Distribution Date $0.00 (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $0.00 (c) The Class C Investor Interest as of the close of business on this Distribution Date $10,000,000.00 (d) The Class B Investor Interest as of the close of business on this Distribution Date $12,500,000.00 8. PRINCIPAL FUNDING ACCOUNT (a) The principal amount on deposit in the Principal Funding Account on this Distribution Date (prior to withdrawals) $0.00 (b) The Deficit Controlled Accumulation Amount for the related Monthly Period $0.00 (c) The Principal Funding Account Investment Proceeds deposited in the Collections Account to be treated as Class A Available Funds $0.00

Page 6 of 7 9. AVAILABLE FUNDS (a) The amount of Class A Available Funds on deposit in the Collections Account for this Distribution Date $3,425,562.85 (b) The amount of Class B Available Funds on deposit in the Collections Account for this Distribution Date $188,352.36 (c) The amount of Class C Available Funds on deposit in the Collections Account for this Distribution Date $150,452.19 10. PORTFOLIO YIELD (a) The Net Portfolio Yield for the related Monthly Period 13.11% (b) The Base Rate for the related Monthly Period 7.46%

CITIBANK USA Servicer By: /s/ Kevin Whetham -------------------------------- Name: Kevin Whetham Title: Vice President Page 7 of 7 SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE SERIES 1998-1 TRAVELERS BANK USA TRAVELERS BANK CREDIT CARD MASTER TRUST I ----------------------------------------------- MONTHLY PERIOD ENDING 11/30/01 ----------------------------------------------- 1. The aggregate amount of the Investor Percentage of Collections of Principal Receivables (net of Discount Option Collections) $62,681,348.51 2. The aggregate amount of the Investor Percentage of Collections of Finance Charge Receivables (including Annual Membership Fees, Late Fees, Cash Advance Fees and Other Fees) $2,809,829.10 3. The aggregate amount of the Investor Percentage of Discount Option Collections $954,538.30 4. The aggregate amount of funds allocable to Series 1998-1 in respect of Finance Charge Receivables $3,764,367.40 5. The aggregate amount of funds on deposit in the Principal Funding Account allocable to Series 1998-1 Certificates after taking into account deposits, but prior to withdrawals on the related Transfer Date) $0.00 6. The excess, if any, of the Required Class C Invested Amount over the Class C Invested Amount (as of the related Transfer Date) $0.00 7. The Class C Invested Amount on the Transfer Date of the current calendar month, after giving effect to the deposits and withdrawals specified above, is equal to $10,000,000.00 8. The amount of Monthly Interest, Deficiency Amounts, and Additional Interest payable to the (i) Class A Certificateholders $1,137,500.00 (ii) Class B Certificateholders $0.00 (iii) Class C Interests $0.00 9. The amount of principal payable to the (i) Class A Certificateholders $0.00 (ii) Class B Certificateholders $0.00

Page 1 of 2 (iii) Class C Interests $0.00 10. The sum of all amounts payable to the (i) Class A Certificateholders $1,137,500.00 (ii) Class B Certificateholders $0.00 (iii) Class C Interests $0.00

To the knowledge of the undersigned, no Series 1998-1 Pay Out Event or Trust Payout Event has occurred except as described below None IN WITNESS WHEREOF, the undersigned has duly executed and delivered this certificate this 10th day of December, 2001. CITIBANK USA Servicer By: /s/ Kevin Whetham -------------------------------- Name: Kevin Whetham Title: Vice President Page 2 of 2

TRAVELERS BANK CREDIT CARD MASTER TRUST I 8-K