Attached files
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
o | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For
the fiscal year ended: December 31, 2010
or
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For Transition period
Commission File Number of Issuing Entity: 333-158295-01
AMERICAN EXPRESS ISSUANCE TRUST
(Issuing Entity in respect of the Notes)
AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION V LLC
(Exact name of Depositor as specified in its Charter)
AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
(Exact name of Sponsor as specified in its Charter)
Delaware | Not Applicable | |
(State or other Jurisdiction of | (I.R.S. Employer | |
Incorporation or Organization | Identification Number | |
of the Issuing Entity) | of the Issuing Entity) | |
c/o Wilmington Trust Company | ||
1100 North Market Street | ||
Wilmington, Delaware | 19890 | |
(Address of the Principal Executive Offices | (Zip Code of the | |
of the Issuing Entity) | Issuing Entity) |
(302) 636-6392
(Telephone Number, including area code
of the Issuing Entity,
c/o Wilmington Trust Company)
(Telephone Number, including area code
of the Issuing Entity,
c/o Wilmington Trust Company)
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of
the Securities Act.
YES o NO þ
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Exchange Act.
YES o NO þ
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
YES þ NO o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K
(§229.405 of this chapter) is not contained herein, and will not be contained, to the best of
registrants knowledge, in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment to this Form 10-K. þ
Indicate by check mark whether the registrant has submitted electronically and posted on its
corporate Web site, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period
that the registrant was required to submit and post such files).
YES o NO þ
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large
accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act. (Check one):
Large accelerated filer o | Accelerated filer o | Non-accelerated filer þ | Smaller Reporting Company o | |||
(Do not check if a smaller reporting company) |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Act).
YES o NO þ
Registrant has no voting or non-voting common equity outstanding held by non-affiliates.
DOCUMENTS INCORPORATED BY REFERENCE: NONE
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Table of Contents
PART I
The following Items have been omitted in accordance with General Instruction J to Form 10-K:
Item 1. Business.
Item 1A. Risk Factors.
* * *
Item 1B. Unresolved Staff Comments.
Not applicable.
The following Items have been omitted in accordance with General Instruction J to Form 10-K:
Item 2. Properties.
Item 3. Legal Proceedings.
Item 4. Submission of Matters to a Vote of Security Holders.
Substitute Information provided in accordance with General Instruction J to Form 10-K:
Item 1112(b) of Regulation AB: Significant obligors of pool assets (Financial information).
The pool assets held by the American Express Issuance Trust (the Trust) do not include any
significant obligors.
Item 1114(b)(2) of Regulation AB: Credit enhancement and other support, except for certain
derivatives instruments (Financial information).
Based on the standards set forth in Item 1114(b) of Regulation AB, no information is required
in response to this Item.
Item 1115(b) of Regulation AB: Certain derivatives instruments (Financial information).
Based on the standards set forth in Item 1115(b) of Regulation AB, no information is required
in response to this Item.
Item 1117 of Regulation AB: Legal proceedings.
American Express Company and its affiliates (collectively, American Express), including the
servicer and the account owners, are, from time to time, subject to various pending or threatened
legal proceedings arising out of their card origination, servicing and merchant network services
activities. The potential effect of these lawsuits on the certificates issued by the trust cannot
be predicted at this time.
Merchant Cases
Since July 2003, American Express has been named in a number of putative class actions in
which the plaintiffs allege an unlawful antitrust tying arrangement between certain of American
Express charge cards and
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credit cards in violation of various state and federal laws. These cases
have all been consolidated in the United States District Court for the Southern District of New
York under the caption: In re American Express Merchants Litigation. A case making
similar allegations was also filed in the Southern District of New York in July 2004 captioned:
The Marcus Corporation v. American Express Company et al. The Marcus case is not
consolidated. The plaintiffs in these actions seek injunctive relief and an unspecified amount of
damages. In April 2004, American Express filed a motion to dismiss all the actions filed prior to
the date of its motion. In March 2006, that motion was granted, with the Court finding the claims
of the plaintiffs to be subject to arbitration. Plaintiffs asked the District Court to reconsider
its dismissal. That request was denied. The plaintiffs appealed the District Courts arbitration
ruling and in January 2009, the U.S. Court of Appeals for the Second Circuit reversed the District
Court. American Express filed with the U.S. Supreme Court a petition of certiorari from the Second
Circuits arbitration ruling. On May 3, 2010, the Supreme Court granted American Express
petition, vacated the judgment of the Second Circuit and remanded the case back to the Second
Circuit for further consideration. The matter remains pending in the Second Circuit. The Company
also filed a motion to dismiss the action filed by The Marcus Corporation, which was denied in July
2005. In October 2007, The Marcus Corporation filed a motion seeking certification of a class. In
March 2009, the Court denied the plaintiffs motion for class certification, without prejudicing
their right to remake such a motion upon resolution of the pending summary judgment motion. In
April 2009, the Court denied plaintiffs motion for reconsideration of the March 2009 order. In
September 2008, American Express moved for summary judgment seeking dismissal of The Marcus
Corporations complaint, and The Marcus Corporation cross-moved for partial summary judgment on the
issue of liability. A decision on the summary judgment motions is pending. A case captioned
Hayama Inc. v. American Express Company et al., which makes similar allegations as those in
the actions described above, was filed and remains in the Superior Court of California, Los Angeles
County (filed December 2003). The Company continues to request that the California Superior Court
that is hearing the Hayama action stay such action. To date the Hayama action has
been stayed.
In February 2009, an amended complaint was filed in In re American Express Merchants
Litigation. The amended complaint contains a single count alleging a violation of federal
antitrust laws through an alleged unlawful tying of: (a) corporate, small business and/or personal
charge card services; and (b) Blue, Costco and standard GNS credit card services. In addition, in
February 2009, a new complaint making the same allegations as made in the amended complaint filed
in In re American Express Merchants Litigation was also filed in the U.S. District Court
for the Southern District of New York. That case is captioned Greenporter LLC and Bar Hama
LLC, on behalf of themselves and all others similarly situated v. American Express Company and
American Express Travel Related Services Company, Inc. Proceedings in the Greenporter
action and on the amended complaint filed in In re American Express Merchants Litigation
have been held in abeyance pending the disposition of the motions for summary judgment in the
Marcus case discussed above.
Beginning in August 2005, American Express has been named in a number of putative class
actions alleging that American Express anti-steering policies and contractual provisions violate
U.S. antitrust laws. Those cases were consolidated in the U.S. District Court for the Southern
District of New York under the caption In re American Express Anti-Steering Rules Antitrust
Litigation. The plaintiffs complaint in that consolidated action seeks injunctive relief and
unspecified damages. These plaintiffs agreed that a stay would be imposed with regard to their
respective actions pending the appeal of the Courts arbitration ruling discussed above. Given the
2009 ruling of the Second Circuit (described above in connection with In re American Express
Merchants Litigation), the stay was
lifted, and American Express response to the complaint was filed in April 2009. The Court
entered a scheduling order on December 28, 2009. In July 2010 the Court entered an order partially
staying the case pending the Second Circuits arbitration ruling (following the 2010 remand by the
Supreme Court described above in connection with In re American Express Merchants
Litigation). In June 2010, the attorneys representing the plaintiffs in In re American
Express Anti-Steering Rules Antitrust Litigation filed an action making similar allegations
captioned National Supermarkets Association v. American Express and American Express Travel
Related Services. Upon filing, the plaintiffs designated that case as related to In re
American Express Anti-Steering Rules Antitrust Litigation. By agreement of the parties, that
case has also been partially stayed pending the Second Circuits arbitration ruling referenced
above.
In June 2008, five separate lawsuits were filed against American Express in the U.S. District
Court for the Eastern District of New York alleging that American Express anti-steering
provisions in its merchant acceptance agreements with the merchant plaintiffs violate federal
antitrust laws. As alleged by the plaintiffs, these provisions prevent merchants from offering
consumers incentives to use alternative forms of payments when consumers wish to
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use an American
Express-branded card. The five suits were filed by each of Rite-Aid Corp., CVS Pharmacy Inc.,
Walgreen Co., Bi-Lo LLC. and H.E. Butt Grocery Company. The plaintiff in each action seeks damages
and injunctive relief. American Express filed its answer to these complaints and also filed a
motion to dismiss these complaints as time barred. The Court denied American Express motion to
dismiss the complaints in March 2010. On October 1, 2010, the parties to these actions agreed to
stay all proceedings pending related mediations, and Magistrate Judge Ramon E. Reyes entered an
order staying these actions on October 18, 2010. The parties have since notified the Court that
those mediations have reached impasses. On January 21, 2011, the following parties filed lawsuits
making similar allegations that the Companys anti-steering provisions violate antitrust laws:
Meijer, Inc., Publix Super Markets, Inc., Raleys Inc., Supervalu, Inc., The Kroger Co., Safeway,
Inc., Ahold U.S.A., Inc., Albertsons LLC, Hy-Vee, Inc., and The Great Atlantic & Pacific Tea
Company, Inc.
In November 2010, two putative class action complaints making allegations similar to those in
In re American Express Anti-Steering Rules Antitrust Litigation were filed in the U.S.
District Court for the Eastern District of New York by Firefly Air Solutions, LLC d/b/a 128 Café
and Plymouth Oil Corp. d/b/a Liberty Gas Station. In addition, in December 2010, a putative class
action complaint making similar allegations, and seeking certification of a Wisconsin-only class,
was filed by Treehouse Inc. d/b/a Treehouse Gift & Home in the U.S. District Court for the Western
District of Wisconsin. In January 2011, a putative class complaint, captioned Il Forno v.
American Express Centurion Bank, seeking certification of a California-only class and making
allegations similar to those in In re American Express Anti-Steering Rules Antitrust
Litigation, was filed in U.S. District Court for the Central District of California.
On February 7, 2011, in response to a transfer motion filed by the plaintiffs in the Plymouth
Oil action discussed above, the U.S. Judicial Panel on Multi-District Litigation entered an order
centralizing the following actions discussed above in the Eastern District of New York for
coordinated or consolidated pretrial proceedings before the Honorable Nicholas G. Garaufis: (a)
the putative class action that had been previously pending in the Southern District of New York
captioned In re American Express Anti-Steering Rules Antitrust Litigation; (b) the putative
class actions already pending in the Eastern District of New York filed by Firefly Air Solutions,
LLC and by Plymouth Oil Corp.; and (c) the individual merchant suits already pending in the Eastern
District of New York. On February 15, 2011, the United States Judicial Panel on Multi-District
Litigation issued a conditional transfer order centralizing the related putative class actions
pending in the Central District of California and Western District of Wisconsin before Judge
Garaufis in the Eastern District of New York. It is expected that this conditional order will soon
become final, and that those actions will be centralized before Judge Garaufis. A hearing has been
scheduled for March 2, 2011 to discuss scheduling and coordination of the cases that are the
subject of coordinated or consolidated pretrial proceedings under the Multi-District Litigation
Panel Order and the U.S. Department of Justice (the DOJ) and attorneys general litigation
discussed above.
During the last few years as regulatory interest in credit card network pricing to merchants
and related issues has increased, American Express has responded to many inquiries from banking and
competition authorities throughout the world. In October 2008, American Express received a Civil
Investigative Demand (CID) from the
Antitrust Division of the DOJ. Pursuant to the CID, the DOJ requested the production of
documents and information regarding American Express contractual provisions relating to merchant
surcharging and that prohibit merchants from discriminating against American Express cards.
American Express cooperated with the DOJs request. American Express had also received a similar
civil investigative demand from the attorney general of the state of Ohio.
On October 4, 2010, the DOJ, along with Attorneys General from Connecticut, Iowa, Maryland,
Michigan, Missouri, Ohio and Texas, filed a complaint in the U.S. District Court for the Eastern
District of New York against American Express, MasterCard International Incorporated and Visa,
Inc., alleging a violation of Section 1 of the Sherman Antitrust Act. The complaint alleges that
the defendants policies prohibiting merchants from steering a customer to use another networks
card, another type of card or another method of payment (anti-steering and non-discrimination
rules and contractual provisions) violate the antitrust laws. The complaint alleges that the
defendants participate in two distinct markets, a General Purpose Card network services market,
and a General Purpose Card network services market for merchants in travel and entertainment
(T&E) businesses. The complaint contends that each of the defendants has market power in the
alleged two markets. The complaint seeks a judgment permanently enjoining the defendants from
enforcing their anti-steering and non-discrimination rules and contractual provisions. The
complaint does not seek monetary damages. Concurrent with the filing of the
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complaint, Visa and
MasterCard announced they had reached an agreement settling the allegations in the complaint
against them by agreeing to modifications in their rules prohibiting merchants that accept their
cards from steering customers to use another networks card, another type of card or another method
of payment. American Express response to the complaint was filed on December 7, 2010. On
December 20, 2010, the complaint filed by the DOJ and certain state attorneys general was amended
to add as plaintiffs the Attorneys General from Arizona, Hawaii, Idaho, Illinois, Montana,
Nebraska, New Hampshire, Rhode Island, Tennessee, Utah and Vermont. American Express response to
the amended complaint was filed on January 4, 2011. In early March 2011 a hearing was held to
discuss scheduling and coordination of the DOJ and state attorneys general litigation with other
cases pending in the Eastern District of New York against American Express relating to the
non-discrimination provisions in its merchant agreements, which cases are described in general
above.
Other Cases
In June 2009, a putative class action was filed against Centurion in U.S. District Court for
the Central District of California. The complaint seeks to certify a class of American Express
cardmembers with billing addresses in 16 different states whose interest rates on their
outstanding balances were retroactively increased by Centurion. The complaint seeks, among other
things, damages in excess of $5,000,000 and unspecified injunctive relief. On December 7, 2009,
the Court ordered that the matter be stayed pending decisions on relevant legal issues in other
cases not involving American Express.
In October 2009, a putative class action was filed against Centurion and FSB in the U.S.
District Court for the Central District of California. The complaint seeks to certify a nationwide
class of American Express cardmembers whose interest rates were changed from fixed to variable in
or around August 2009 or otherwise increased. American Express filed a motion to compel
arbitration, and plaintiff has indicated they will amend their complaint to limit the class to
California residents only. The Company filed a revised motion to compel arbitration and a motion
to dismiss the amended complaint. Both motions were denied by the Court. Subsequently, in response
to a request by the Company, the Court stayed the action pending the outcome of a case captioned
AT&T Mobility v. Concepcion, which is pending before the United States Supreme Court and
may impact the question of whether the Companys motion to compel arbitration should have been
granted.
PART II
The following Items have been omitted in accordance with General Instruction J to Form 10-K:
Item 5. Market for Registrants Common Equity and Related Stockholder Matters.
Item 6. Selected Financial Data.
Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Item 8. Financial Statements and Supplementary Data.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
Item 9A. Controls and Procedures.
* * *
Item 9B. Other Information.
Not Applicable.
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PART III
The following Items have been omitted in accordance with General Instruction J to Form 10-K:
Item 10. Directors and Executive Officers of the Registrant.
Item 11. Executive Compensation.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Item 13. Certain Relationships and Related Transactions.
Item 14. Principal Accountant Fees and Services.
Substitute Information provided in accordance with General Instruction J to Form 10-K:
Item 1119 of Regulation AB: Affiliations and Certain Relationships and Related Transactions.
Information required by Item 1119 of Regulation AB has been omitted from this report on Form
10-K in reliance on the Instruction to Item 1119.
Item 1122 of Regulation AB: Compliance with Applicable Servicing Criteria.
Each of American Express Travel Related Services Company, Inc. (TRS), for itself and on
behalf of its wholly-owned subsidiaries, Amex Card Services Company (ACSC), American Express
Centurion Bank and American Express Bank, FSB and Regulus Group LLC, for itself and its
wholly-owned subsidiaries (Regulus) and The Bank of New York Mellon (each, a Servicing
Participant) has been identified by the registrant as a party participating in the servicing
function with respect to the pool assets held by the American Express Issuance Trust. Each of the
Servicing Participants has completed a report on an assessment of compliance with the servicing
criteria applicable to such Servicing Participant (each, a Report on Assessment) as of and for
the year ended December 31, 2010, which Reports on Assessment are attached as exhibits to this Form
10-K. In addition, each of the Servicing Participants has provided an attestation report (each, an
Attestation Report) by a registered independent public accounting firm regarding its related
Report on Assessment. Each Attestation Report is attached as an exhibit to this Form 10-K.
Vendors
A Servicing Participant may engage one or more vendors, who are not considered servicers for
purposes of Regulation AB, to perform specific and limited, or scripted activities that address all
or a portion of one or more servicing criteria applicable to such Servicing Participant. In general
in these cases, the Servicing Participant has instituted policies and procedures to monitor whether
such vendors activities comply in all material respects with such servicing criteria, and may
elect to take responsibility for assessing compliance with the servicing criteria applicable to
such vendors activities in such Servicing Participants Report on Assessment. Where the Servicing
Participant has not instituted such policies and procedures, or where the Servicing Participant
does not otherwise elect to take responsibility for assessing its vendors activities, the vendor
is itself treated as a Servicing Participant and is required to provide its own Report on
Assessment and related Attestation Report.
No Report on Assessment or related Attestation Report has identified any material instance of
noncompliance with the servicing criteria identified in such Report on Assessment as applicable to
the related Servicing Participant. In addition, no Report on Assessment or related Attestation
Report has identified any material deficiency in such Servicing Participants policies and
procedures to monitor vendor compliance.
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Platform Level Reports
Regulations of the Securities and Exchange Commission (the SEC) require that each Servicing
Participant complete a Report on Assessment at a platform level, meaning that the transactions
covered by the Report on Assessment should include all asset-backed securities transactions
involving such Servicing Participant that are backed by the same asset type. During 2010, TRS
proprietary facilities conducted paper payment remittance processing services and performed billing
dispute services. Regulus also performed paper payment remittance processing services at three
locations in the United States. As a remittance processor, Regulus is responsible for, among other
services, transmitting payment information to TRS, which TRS in turn uses to update its account
obligor records. In its Report on Assessment attached as Exhibit 33.2 to this Form 10-K, Regulus
defines its platform to include (i) remittance processing services it provides to customers who are
issuers or servicers of asset backed securities transactions and (ii) who have requested
confirmation of Regulus compliance in connection with loan and/or receivables portfolios that
include pool assets for asset backed securities transactions. In addition,
eFunds Corporation (eFunds), a wholly-owned subsidiary of Fidelity National Information
Services, Inc., also performs billing disputes services at its Gurgaon and Mumbai, India sites.
Within guidelines prescribed by TRS, eFunds is responsible for all aspects of billing disputes,
from front end capture of information to the resolution of disputes between cardmembers and
merchants. The Bank of New York Mellon is Indenture Trustee of the Trust. In its Report on
Assessment attached as Exhibit 33.3 to this Form 10-K, The Bank of New York Mellon defines its
platform to include (i) publicly issued asset-backed securities issued on or after January 1, 2006
(and like-kind transactions issued prior to January 1, 2006), and (ii) for which The Bank of New
York Mellon provides trustee, securities administration, or paying agent services, other than
residential mortgage-backed securities and other mortgage-related asset-backed securities.
None of TRS or the Trust is an affiliate of Regulus or The Bank of New York Mellon.
Item 1123 of Regulation AB: Servicer Compliance Statement.
Each of TRS, ACSC, American Express Centurion Bank, American Express Bank, FSB and Regulus has
been identified by the registrant as a servicer or subservicer with respect to the pool assets held
by the Trust. Each of them has provided a Statement of Compliance for the period covered by this
Form 10-K (a Compliance Statement), in each case signed by an authorized officer thereof. Each
Compliance Statement is attached as an exhibit to this Form 10-K.
PART IV
Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) | (1) Not applicable. |
(2) | Not applicable. | ||
(3) | The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index. |
(b) | The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index. | ||
(c) | Not applicable. |
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, this
report has been signed below by the following person on behalf of the registrant and in the
capacity and the date indicated.
AMERICAN EXPRESS ISSUANCE TRUST |
||||
By: | AMERICAN EXPRESS RECEIVABLES | |||
FINANCING CORPORATION V LLC, | ||||
Depositor | ||||
By: | /s/ Anderson Y. Lee | |||
Name: | Anderson Y. Lee | |||
Title: | Vice President and Treasurer (senior officer in charge of securitization) |
|||
March 28, 2011
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EXHIBIT INDEX
The following exhibits are filed as part of this Annual Report or, where indicated, were heretofore
filed and are hereby incorporated by reference (* indicates exhibits electronically filed
herewith).
3.1
|
Amended and Restated Limited Liability Company Agreement of American Express Receivables Financing Corporation V LLC (incorporated by reference to Exhibit 3.1 of Form S-3/A, filed June 24, 2005, File No. 333-121895-02). | |
4.1
|
American Express Issuance Trust Amended and Restated Receivables Purchase Agreement, dated as of January 24, 2007, between American Express Centurion Bank and American Express Travel Related Services Company, Inc. (incorporated by reference to Exhibit 4.1 of Form 8-K, filed February 8, 2007, File No. 333-121895-02). | |
4.2
|
American Express Issuance Trust Receivables Purchase Agreement, dated as of May 19, 2005, between American Express Centurion Bank and American Express Travel Related Services Company, Inc. (incorporated by reference to Exhibit 4.1 of Form S-3/A, filed June 24, 2005, File No. 333-121895-02). | |
4.3
|
American Express Issuance Trust Amended and Restated Receivables Purchase Agreement, dated as of January 24, 2007, between American Express Bank, FSB and American Express Travel Related Services Company, Inc. (incorporated by reference to Exhibit 4.2 of Form 8-K, filed February 8, 2007, File No. 333-121895-02). | |
4.4
|
American Express Issuance Trust Receivables Purchase Agreement, dated as of May 19, 2005, between American Express Bank, FSB and American Express Travel Related Services Company, Inc. (incorporated by reference to Exhibit 4.2 of Form S-3, filed June 24, 2005, File No. 333-121895-02). | |
4.5
|
American Express Issuance Trust Receivables Purchase Agreement, dated as of May 19, 2005, between American Express Travel Related Services Company, Inc. and American Express Receivables Financing Corporation V LLC (incorporated by reference to Exhibit 4.3 of Registration Statement of Form S-3, filed June 24, 2005, File No. 333-121895-02). | |
4.6
|
American Express Issuance Trust Amended and Restated Trust Agreement, dated as of November 1, 2007, between American Express Receivables Financing Corporation V LLC and Wilmington Trust Company (incorporated by reference to Exhibit 4.1 of Form 8-K, filed November 6, 2007, File No. 333-121895-02). | |
4.7
|
American Express Issuance Trust Trust Agreement, dated as of May 18, 2005, between American Express Receivables Financing Corporation V LLC and Wilmington Trust Company (incorporated by reference to Exhibit 4.4 of Form S-3/A, filed June 24, 2005, File No. 333-121895-02). | |
4.8
|
Amended and Restated Transfer and Servicing Agreement, dated as of November 1, 2007, among American Express Receivables Financing Corporation V LLC, American Express Travel Related Services Company, Inc., American Express Issuance Trust and The Bank of New York (incorporated by reference to Exhibit 4.2 of Form 8-K, filed November 6, 2007, File No. 333-121895-02). | |
4.9
|
Transfer and Servicing Agreement, dated as of May 19, 2005, among American Express Receivables Financing Corporation V LLC, American Express Travel Related Services Company, Inc., American Express Issuance Trust, and The Bank of New York (incorporated by reference to Exhibit 4.5 of Form S-3/A, filed June 24, 2005, File No. 333-121895-02). | |
4.10
|
Amended and Restated Indenture, dated as of November 1, 2007, between the American Express Issuance Trust and The Bank of New York (incorporated by reference to Exhibit 4.3 of Form 8-K, filed November 6, 2007, File No. 333-121895-02). |
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4.11
|
Indenture, dated as of May 19, 2005, between the American Express Issuance Trust and The Bank of New York (incorporated by reference to Exhibit 4.5 of Form S-3/A, filed June 24, 2005, File No. 333-121895-02). | |
4.12
|
Series 2005-2 Indenture Supplement, dated as of September 16, 2005, to Indenture, dated as of May 19, 2005 (incorporated by reference to Exhibit 4.2 of Form 8-K filed by the American Express Issuance Trust on September 19, 2005, File No. 333-121895-02). | |
4.13
|
Series 2007-2 Indenture Supplement, dated as of November 1, 2007, to Amended and Restated Indenture, dated as of November 1, 2007 (incorporated by reference to Exhibit 4.5 of Form 8-K, filed November 6, 2007, File No. 333-121895-02). | |
4.14
|
Series 2010-A Indenture Supplement, dated as of December 15, 2010, to Amended and Restated Indenture, dated as of November 1, 2007 (incorporated by reference to Exhibit 4.5 of Form 8-K, filed November 6, 2007, File No. 333-121895-02). | |
4.15
|
Omnibus Amendment to Indenture Supplements, dated as of March 2, 2010, between American Express Issuance Trust and The Bank of New York Mellon (incorporated by reference to Exhibit 4.1 of Form 8-K, filed March 3, 2010, File No. 333-121895-02). | |
4.16
|
Omnibus Amendment to Indenture Supplements, dated as of October 2, 2009, between American Express Issuance Trust and The Bank of New York Mellon (incorporated by reference to Exhibit 4.1 of Form 8-K, filed October 7, 2009, File No. 333-121895-02). | |
4.17
|
Amendment to Indenture Supplements, dated as of February 11, 2009, between American Express Issuance Trust and The Bank of New York Mellon (incorporated by reference to Exhibit 4.1 of Form 8-K, filed February 12, 2009, File No. 333-121895-02). | |
4.18
|
Amendment to Indenture Supplements, dated as of March 5, 2008, between American Express Issuance Trust and The Bank of New York (incorporated by reference to Exhibit 4.1 of Form 8-K, filed March 14, 2008, File No. 333-121895-02). | |
31.1*
|
Certification of Anderson Y. Lee pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for the period from January 1, 2010 to and including December 31, 2010. | |
33.1*
|
Report on Assessment of Compliance with Servicing Criteria of American Express Travel Related Services Company, Inc. and Amex Card Services Company. | |
33.2*
|
Report on Assessment of Compliance with Servicing Criteria of Regulus Group LLC. | |
33.3*
|
Report on Assessment of Compliance with Servicing Criteria of The Bank of New York Mellon. | |
34.1*
|
Attestation Report of PricewaterhouseCoopers LLP on Assessment of Compliance with Servicing Criteria relating to American Express Travel Related Services Company, Inc. and Amex Card Services Company. | |
34.2*
|
Attestation Report of KPMG on Assessment of Compliance with Servicing Criteria relating to Regulus LLC. | |
34.3*
|
Attestation Report of KPMG on Assessment of Compliance with Servicing Criteria relating to The Bank of New York Mellon. | |
35.1*
|
Servicer Compliance Statement of American Express Travel Related Services Company, Inc. | |
35.2*
|
Servicer Compliance Statement of Amex Card Services Company. | |
35.3*
|
Servicer Compliance Statement of Regulus West LLC. |
Table of Contents
35.4*
|
Servicer Compliance Statement of American Express Centurion Bank. | |
35.5*
|
Servicer Compliance Statement of American Express Bank, FSB. | |
99.1
|
Remittance Processing Services Agreement between American Express Travel Related Services Company, Inc. and Regulus West LLC, dated as of October 25, 1999 (incorporated by reference to Exhibit 4.10 of Form S-3/A, filed March 2, 2006, File No. 333-130522). | |
99.2
|
Supplemental Servicing Agreement between American Express Travel Related Services Company, Inc. and American Express Centurion Bank, American Express Bank, FSB and American Express Receivables Financing Corporation V LLC, dated as of May 19, 2005 (incorporated by reference to Exhibit 4.8 of Form S-3/A, filed March 23, 2006, File No. 333-130522). | |
99.3
|
Amendment Agreement Number FLL-05-6-MP01-04, dated as of March 22, 2006, between American Express Travel Related Services Company, Inc. and Regulus West LLC (incorporated by reference to Exhibit 4.10.1 of Form S-3/A, filed March 23, 2006, File No. 333-130522). | |
99.4
|
Amendment dated as of October 30, 2009 between American Express Travel Related Services Company, Inc. and Regulus West LLC (incorporated by reference to Exhibit 10.1 of Form 8-K, filed November 3, 2009, File No. 333-121895-02). | |
99.5
|
Form of Subservicing Agreement between American Express Travel Related Services Company, Inc. and Amex Card Services Company (incorporated by reference to Exhibit 4.11 of Form S-3/A, filed March 23, 2006, File No. 333-130522). | |
99.6
|
Amendment Agreement Number FLL-05-6-MP01-05, dated as of March 29, 2006, between American Express Travel Related Services Company, Inc. and Regulus West LLC (incorporated by reference to Exhibit 4.10.2 of Form S-3/A, filed March 31, 2006, File No. 333-130522). | |
99.7
|
Assignment No. 2 of Receivables in Aggregate Addition Accounts included in American Express Issuance Trust, dated as of November 21, 2008, between American Express Receivables Financing Corporation V LLC, as transferor, and American Express Issuance Trust (incorporated by reference to Exhibit 99.01 of Form 8-K, filed December 1, 2008, File No. 333-121895-02). | |
99.8
|
Assignment No. 3 of Receivables in Aggregate Addition Accounts included in American Express Issuance Trust, dated as of January 21, 2009 between American Express Receivables Financing Corporation V LLC, as transferor, and American Express Issuance Trust (incorporated by reference to Exhibit 99.01 of Form 8-K, filed January 28, 2009, File No. 333-121895-02). |