- Periodic Reports by Asset-Backed Issuers (10-D)
March 15 2012 - 10:38AM
Edgar (US Regulatory)
UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM 10-D
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ASSET-BACKED ISSUER
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DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
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THE SECURITIES EXCHANGE ACT OF 1934
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For the monthly distribution period from
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January 22, 2012 to February 21, 2012
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Commission File Number of issuing entity:
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333-130030-01, 333-169151-01, 333-144945-01
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GE Capital Credit Card Master Note Trust
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(Exact Name of issuing entity as specified in its charter)
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Commission File Number of depositor:
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333-130030, 333-169151, 333-144945
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RFS Holding, L.L.C.
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(Exact Name of Registrant as Specified in its Charter)
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GE Capital Retail Bank
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(Exact Name of Sponsor as Specified in its Charter)
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(State or Other Jurisdiction of Incorporation or organization of the issuing entity)
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57-1173164 (RFS Holding, L.L.C.) 20-0268039 (GE Capital Credit Card Master Note Trust)
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(I.R.S. Employer Identification No.)
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c/o General Electric Capital Corporation
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777 Long Ridge Rd,Building B, 3rd Floor
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Stamford, CT
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06902
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(Address of Principal Executive Office of the issuing entity)
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(Zip Code)
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(877) 441-5094
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(Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Registered reporting pursuant to (check one)
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Section 12(b)
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Section 12(g)
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Section 15(d)
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Name of Exchange
(If Section 12(b))
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Title of Class
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Series 2007-2, Class A
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|__|
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|_X_|
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___________
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Series 2007-2, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2007-2, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2007-4, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2007-4, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2007-4, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2009-1, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2009-1, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2009-1, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2009-2, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2009-2, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2009-2, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2009-4, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2009-4, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2009-4, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2010-1, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2010-1, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2010-1, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2010-2, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2010-2, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2010-2, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2010-3, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2010-3, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2011-1, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2011-1, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2011-1, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2011-2, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2011-2, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2011-2, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2011-3, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2011-3, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2011-3, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2012-1, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2012-1, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2012-1, Class C
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|__|
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|__|
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|_X_|
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___________
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Series 2012-2, Class A
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|__|
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|__|
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|_X_|
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___________
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Series 2012-2, Class B
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|__|
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|__|
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|_X_|
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___________
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Series 2012-2, Class C
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|__|
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|_X_|
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___________
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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..X.. No
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PART I - Distribution Information.
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Item 1. Distribution and Pool Performance Information.
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The response to Item 1 is set forth herein and in Exhibits 99.1,
99.2, 99.3, 99.4, 99.5, 99.6, 99.7, 99.8, 99.9, 99.10, 99.11, 99.12 and 99.13.
No assets securitized by RFS Holding, L.L.C.
(the “Securitizer”) and held by GE Capital Credit Card Master Note Trust were the subject of a demand to repurchase
or replace for breach of the representations and warranties during the distribution period January 22, 2012 through February 21,
2012. The most recent Form ABS-15G filed by the Securitizer was filed on February 13, 2012.
The
CIK number of the Securitizer is 0001226006.
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PART II - Other Information
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Item 3. Sales of Securities and Use of Proceeds
On January 25, 2012, GE Capital Credit Card Master Note Trust
(the “Trust”) issued $750,000,000 of Series 2012-1 Class A Asset Backed Notes (the “Class A Notes”),
$94,637,224 of Series 2012-1 Class B Asset Backed Notes (the “Class B Notes”) and $63,880,126 of
Series 2012-1 Class C Asset Backed Notes (the “Class C Notes”), described in a Prospectus Supplement dated January
18, 2012 to a Prospectus dated January 17, 2012
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The information required by Item 2 of Part
II of Form 10-Q with respect to the Series 2012-1 Notes is incorporated by reference to the Registrant’s Current Report on
8-K filed on January 26, 2012.
On February 2, 2012, GE Capital Credit Card Master Note Trust
(the “Trust”) issued $600,000,000 of Series 2012-2 Class A Asset Backed Notes (the “Class A Notes”),
$75,709,779 of Series 2012-2 Class B Asset Backed Notes (the “Class B Notes”) and $51,104,101 of Series
2012-2 Class C Asset Backed Notes (the “Class C Notes”), described in a Prospectus Supplement dated January 26, 2012
to a Prospectus dated January 17, 2012. The information required by Item 2 of Part II of Form 10-Q with respect to the Series 2012-2
Notes is incorporated by reference to the Registrant’s Current Report on 8-K filed on February 6, 2012.
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Item 8 Other Information.
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Trust Performance
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Feb-12
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Jan-12
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Dec-11
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3-Month Avg
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Gross Trust Yield
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27.10%
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22.57%
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23.88%
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24.52%
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Gross Charge-Off Rate
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7.54%
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6.73%
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7.53%
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7.27%
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Trust excess spread percentage
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15.52%
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11.49%
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11.90%
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12.97%
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Payment Rate
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15.40%
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14.95%
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14.58%
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14.98%
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Delinquency Data
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1-29 Days Delinquent
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4.06%
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4.14%
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3.51%
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3.90%
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30-59 Days Delinquent
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1.26%
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1.23%
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1.17%
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1.22%
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60-89 Days Delinquent
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0.88%
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0.89%
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0.88%
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0.88%
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90-119 Days Delinquent
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0.72%
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0.72%
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0.72%
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0.72%
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120-149 Days Delinquent
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0.64%
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0.65%
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0.60%
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0.63%
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150-179 Days Delinquent
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0.57%
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0.53%
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0.49%
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0.53%
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180 or Greater Days Delinquent
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0.00%
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0.00%
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0.00%
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0.00%
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BOP Principal Receivables ($B)
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$ 18.3
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$ 18.8
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$ 17.2
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$ 18.1
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Exhibit No.
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Document Description
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99.1
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2007-2, for March 15, 2012 Payment Date.
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99.2
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2007-4, for March 15, 2012 Payment Date.
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99.3
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2009-1, for March 15, 2012 Payment Date.
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99.4
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2009-2, for March 15, 2012 Payment Date.
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99.5
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2009-4, for March 15, 2012 Payment Date.
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99.6
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2010-1, for March 15, 2012 Payment Date.
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99.7
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2010-2, for March 15, 2012 Payment Date.
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99.8
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2010-3, for March 15, 2012 Payment Date.
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99.9
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2011-1, for March 15, 2012 Payment Date.
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99.10
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2011-2, for March 15, 2012 Payment Date.
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99.11
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2011-3, for March 15, 2012 Payment Date.
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99.12
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2012-1, for March 15, 2012 Payment Date.
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99.13
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Monthly Noteholder's Statement for GE Capital Credit
Card Master Note Trust, Series 2012-2, for March 15, 2012 Payment Date.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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RFS Holding, L.L.C., as depositor
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Dated: March 15, 2012
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By:
/s/ Vishal Gulati
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Name: Vishal Gulati
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Title: Vice President
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Exhibit No.
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Document Description
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99.1
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2007-2, for March 15, 2012 Payment Date.
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99.2
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2007-4, for March 15, 2012 Payment Date.
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99.3
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2009-1, for March 15, 2012 Payment Date.
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99.4
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2009-2, for March 15, 2012 Payment Date.
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99.5
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2009-4, for March 15, 2012 Payment Date.
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99.6
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2010-1, for March 15, 2012 Payment Date.
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99.7
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2010-2, for March 15, 2012 Payment Date.
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99.8
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2010-3, for March 15, 2012 Payment Date.
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99.9
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2011-1, for March 15, 2012 Payment Date.
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99.10
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2011-2, for March 15, 2012 Payment Date.
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99.11
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2011-3, for March 15, 2012 Payment Date.
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99.12
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Monthly Noteholder's Statement for GE Capital Credit Card Master Note Trust, Series 2012-1, for March 15, 2012 Payment Date.
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99.13
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Monthly Noteholder's Statement for GE Capital Credit
Card Master Note Trust, Series 2012-2, for March 15, 2012 Payment Date.
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