Attached files
file | filename |
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10-K - FORM 10-K - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835e10vk.htm |
EX-33.4 - EX-33.4 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv33w4.htm |
EX-34.3 - EX-34.3 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv34w3.htm |
EX-33.3 - EX-33.3 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv33w3.htm |
EX-33.1 - EX-33.1 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv33w1.htm |
EX-34.1 - EX-34.1 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv34w1.htm |
EX-35.2 - EX-35.2 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv35w2.htm |
EX-31.1 - EX-31.1 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv31w1.htm |
EX-35.1 - EX-35.1 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv35w1.htm |
EX-33.2 - EX-33.2 - WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST | d71835exv33w2.htm |
EXHIBIT 34.2
Deloitte & Touche LLP 155 E. Broad Street 18th Floor Columbus, OH 43215-3611 USA Tel: +1 614 221 1000 Fax:+1 614 229 4647 www.deloitte.com |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors of
World Financial Network National Bank:
World Financial Network National Bank:
We have examined ADS Alliance Data Systems, Inc.s (the Company) compliance with the servicing
criteria set forth in Item 1122(d) of the Securities and Exchange Commissions Regulation AB for
the asset-backed securities transactions for which the Company acted as servicer involving credit
card receivables (the Platform) described in the accompanying Managements Report on Assessment
of Compliance with SEC Regulation AB Servicing Criteria as of and for the year ended December 31,
2009, excluding criteria 1122 (d)(1)(i), d(1)(ii), (d)(1)(iii), (d)(2)(iii), (d)(2)(iv), (d)(2)(v),
(d)(2)(vi), (d)(3)(i.D), (d)(3)(iii), (d)(4)(i), (d)(4)(iii), (d)(4)(x), (d)(4)(xi), (d)(4)(xii),
and (d)(4)(xiii), which management has determined are not applicable to the activities performed by
the Company with respect to the Platform. Appendix B to managements assertion identifies the
individual asset-backed transactions defined by management as constituting the Platform. Management
is responsible for the Companys compliance with the servicing criteria. Our responsibility is to
express an opinion on the Companys compliance with the servicing criteria based on our
examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight
Board (United States) and, accordingly, included examining, on a test basis, evidence about the
Companys compliance with the applicable servicing criteria, including tests on a sample basis of
the servicing activities related to the Platform, determining whether the Company performed those
selected activities in compliance with the servicing criteria during the specified period and
performing such other procedures as we considered necessary in the circumstances. Our procedures
were limited to selected servicing activities performed by the Company during the period covered by
this report and, accordingly, such samples may not have included servicing activities related to
each asset-backed transaction included in the Platform. Further, an examination is not designed to
detect noncompliance arising from errors that may have occurred prior to the period specified above
that may have affected the balances or amounts calculated or reported by the Company during the
period covered by this report. We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on the Companys compliance with
the servicing criteria.
In our opinion, managements assertion that the Company complied with the aforementioned applicable
servicing criteria for the Platform as of and for the year ended December 31, 2009 or for the
periods from the respective dates of sale for each trust to December 31, 2009, is fairly stated, in
all material respects.
/s/ Deloitte & Touche LLP
Columbus, Ohio
March 24, 2010
Columbus, Ohio
March 24, 2010
Member of | ||
Deloitte Touche Tohmatsu |