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STANDARD CREDIT CARD MASTER TRUST 1992-3 RATED 'AAA A+' BY FITCH -- FITCH FINANCIAL WIRE --

STANDARD CREDIT CARD MASTER TRUST 1992-3 RATED 'AAA A+' BY FITCH -- FITCH
 FINANCIAL WIRE --
 NEW YORK, Sept. 30 /PRNewswire/ -- Standard Credit Card Master Trust I (SCCMT) Group One Series 1992-3 class A certificates are rated 'AAA' and the class B certificates are rated 'A+' by Fitch. The ratings on Series 1991-1 through 1991-6, and 1992-2 class A at 'AAA' and class B at 'A+' are affirmed. In addition, Series 1992-1 'A+' class B certificates and McKenna Triangle National Corp.'s 'F-1+' commercial paper are affirmed.
 Series 1992-3 issued floating rate class A participation certificates of $1.250 billion at a coupon rate of 3.675 percent (3 month Libor plus 0.30 percent). The class A rating reflects the high quality of the receivables from Visa and MasterCard credit card accounts, credit enhancement totaling 11 percent of the series and the class A interest rate cap. The rate cap supplements investor interest payments. Credit enhancement is provided, in order, by 5 percent shared credit enhancement and the subordination of the 6 percent class B participation. The shared enhancement is in the first loss position supporting Class A then Class B.
 Series 1992-3 issued floating rate class B participation certificates of $80 million at a coupon rate of 4.00 percent (3 month Libor plus 0.625 percent). The class B rating reflects the 5 percent shared enhancement amount, a 2 percent credit enhancement amount available solely to support class B and the class B interest rate cap. Class B defaults may be covered by the amounts available in the shared enhancement after class A requirements are met.
 The 5 percent shared enhancement and the 2 percent Class B enhancement are provided by a 3.5 percent deposit made by Citibank into a cash collateral account (CCA) and a 3.5 percent letter of credit (LOC) provided by State Street Bank and Trust Co. Draws against the credit enhancement, if necessary, will be made from the CCA prior to making draws under the LOC.
 The trust has purchased class A and B interest rate caps for the benefit of the certificateholders from UBS Securities (Swaps), Inc. Swaps will provide funds to the trust to supplement certificateholder interest payments in the event that Libor exceeds 6.75 percent per annum. Swaps' obligation under this agreement is guaranteed by its parent Union Bank of Switzerland. Fitch rates Union Bank of Switzerland 'AAA'.
 Investor interest is payable quarterly on the 15th beginning Dec. 15, 1992. The series will revolve for 48 months then begin accumulating principal during the next 12 months to repay class A investors on Sept. 15, 1997. Class B is expected to be repaid on Oct. 15, 1997. Finance charges for series 1992-3 will be shared with the other series in the master trust in the same manner as previously issued series from group one. The master trust's principal reallocation feature will also be available to Series 1992-3.
 The sellers are Citibank (South Dakota), N.A. and Citibank (Nevada), N.A. The aggregate amount of receivables in the accounts currently included in the trust is $11.7 billion. Citibank (South Dakota), which is an excellent servicer, is responsible for servicing, managing and making collections on the receivables, Citibank services over $30 billion in credit card receivables.
 NOTE TO EDITORS: Fitch's Research report will be available Oct. 19
 -0- 09/30/92
 CONTACT: Gracen Fraser, 212-908-0520, or J. Douglas Murray, 212-908-0518, both of Fitch CO: STANDARD CREDIT CARD MASTER TRUST I IN: FIN -- NY048 -- X507 09/30/92
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Date:Sep 30, 1992
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