Barclays Dryrock Issuance Trust - FORM 10-K - EX-33.3 - REPORT ON ASSESSMENT OF COMPLIANCE WITH SERVICING CRITERIA FOR REMITCO LLC - March 17, 2015

Attached files

file filename
10-K - 10-K - Barclays Dryrock Issuance Trustc110917.htm
EX-33.4 - REPORT ON ASSESSMENT OF COMPLIANCE WITH SERVICING CRITERIA FOR U.S. BANK NATIONAL ASSOCIATION - Barclays Dryrock Issuance Trustex33-4.htm
EX-31.1 - RULE 13A-14(D)/15D-14(D) UNDER THE SECURITIES EXCHANGE ACT OF 1934 CERTIFICATION (SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 CERTIFICATION). - Barclays Dryrock Issuance Trustex31-1.htm
EX-34.4 - INDEPENDENT ACCOUNTANTS ATTESTATION REPORT CONCERNING SERVICING ACTIVITIES OF U.S. BANK NATIONAL ASSOCIATION - Barclays Dryrock Issuance Trustex34-4.htm
EX-34.2 - INDEPENDENT ACCOUNTANTS ATTESTATION REPORT CONCERNING SERVICING ACTIVITIES OF BARCLAYS BANK PLC - Barclays Dryrock Issuance Trustex34-2.htm
EX-35.2 - SERVICER COMPLIANCE STATEMENT BARCLAYS BANK PLC - Barclays Dryrock Issuance Trustex35-2.htm
EX-35.1 - SERVICER COMPLIANCE STATEMENT BARCLAYS BANK DELAWARE - Barclays Dryrock Issuance Trustex35-1.htm
EX-33.2 - REPORT ON ASSESSMENT OF COMPLIANCE WITH SERVICING CRITERIA FOR BARCLAYS BANK PLC - Barclays Dryrock Issuance Trustex33-2.htm
EX-34.1 - INDEPENDENT ACCOUNTANTS ATTESTATION REPORT CONCERNING SERVICING ACTIVITIES OF BARCLAYS BANK DELAWARE - Barclays Dryrock Issuance Trustex34-1.htm
EX-33.1 - REPORT ON ASSESSMENT OF COMPLIANCE WITH SERVICING CRITERIA FOR BARCLAYS BANK DELAWARE - Barclays Dryrock Issuance Trustex33-1.htm
EX-34.3 - INDEPENDENT ACCOUNTANTS ATTESTATION REPORT CONCERNING SERVICING ACTIVITIES OF REMITCO LLC - Barclays Dryrock Issuance Trustex34-3.htm

Exhibit 33.3

 

Report on Assessment of Compliance with Servicing Criteria for REMITCO LLC

 

1.First Data Resources, LLC, through its affiliate REMITCO, LLC (jointly, the “Asserting Party”) is responsible for assessing compliance as of and for the 12-month period ending December 31, 2014 (the “Reporting Period”) with the servicing criteria applicable to it under the Securities and Exchange Commission’s Regulation AB Section 229.1122(d) — all servicing criteria except for the criteria set forth in Sections 229.1122(d)(1)(i)-(iv), 1122(d)(2)(i) (except with respect to remittance processing services it provides in connection with loan and/or receivables portfolios that include pool assets for the asset backed securities issued by Dryrock Issuance Trust and processed at the First Data Langhorne and Monterey Park facilities (the “Platform”); such services being limited to the opening, listing, and depositing of remittance payments mailed to post office boxes serviced by the Asserting Party pursuant to the agreements between the Asserting Party and Wells Fargo Bank, N.A. and Barclays Bank Delaware (the “Transaction Agreements”)), 1122(d)(2)(ii)-(vii), 1122(d)(3)(i)-(iv), and 1122(d)(4)(i)-(xv), (such criteria, after giving effect to the preceding exceptions, the “Applicable Servicing Criteria”). With respect to Item 1122(d)(2)(i), the Asserting Party’s responsibility is limited to the opening, listing, and depositing of remittance payments mailed to post office boxes serviced by the Asserting Party as required and pursuant to the Transaction Agreements, and the Asserting Party does not take responsibility for any other matters.

 

2.The Asserting Party used the Applicable Servicing Criteria to assess its compliance with the Applicable Servicing Criteria;

 

3.The Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria as of December 31, 2014, and for the period from January 1, 2014 through December 31, 2014 with respect to the opening, listing, and depositing of remittance payments mailed to post office boxes serviced by the Asserting Party as required for the Platform and pursuant to the Transaction Agreements;

 

4.Ernst & Young LLP, a registered public accounting firm, has issued an attestation report on the Asserting Party’s assessment of compliance with the Applicable Servicing Criteria as of December 31, 2014 and for the Reporting Period.

 

 

 

 

First Data Resources, LLC and

REMITCO, LLC

 

By: /s/ Tim Rosenthal                  

Name: Tim Rosenthal

Title: SVP Operations

 

February 13, 2015