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3-Nov-2009
Other Events, Financial Statements and Exhibits
On November 2, 2009, Chase Bank USA, National Association, a national banking association (the "Bank") entered into Reassignment No. 10 of Receivables ("Reassignment No. 10 of Receivables") with The Bank of New York Mellon, a banking corporation organized and existing under the laws of the State of New York (the "Trustee"). Pursuant to Reassignment No. 10 of Receivables, the Trustee, on behalf of the Chase Credit Card Master Trust (the "Trust") reconveyed accounts with an approximate aggregate amount of credit card receivables of $1.9 billion to the Bank. The foregoing description of Reassignment No. 10 of Receivables does not purport to be complete and is qualified in its entirety by reference to Reassignment No. 10 of Receivables, which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.
The Bank services the receivables that are included in Reassignment No. 10 of Receivables and will continue to service the accounts associated with such receivables following Reassignment No. 10 of Receivables.
The management of the Bank believes that Reassignment No. 10 of Receivables will have no material effect on the Trust or the asset backed securities issued by the Trust.
The following exhibits are filed as a part of this report:
(10.1) Reassignment No. 10 of Receivables, dated as of November 2, 2009, by and between Chase Bank USA, National Association and The Bank of New York Mellon.
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