Document:

Terms Document 2003-A3

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    Citiseries

    Class
      2003-A3 Notes

    

    Issuer
      Certificate

    Pursuant
      to Sections 202 and 301(h) of the Indenture

    

    Reference
      is made to the Indenture, dated as of September 26, 2000, as amended by
      Amendment No. 1 thereto dated as of November 14, 2001, each between Citibank
      Credit Card Issuance Trust (the "Issuer") and Deutsche Bank Trust Company
      Americas (formerly Bankers Trust Company), as trustee (the "Indenture").
      Capitalized terms used herein that are not otherwise defined have the meanings
      set forth in the Indenture. All references herein to designated Sections are
      to
      the designated Sections of the Indenture.

    

    Section
      301(h) provides that the Issuer may from time to time create a tranche of Notes
      either by or pursuant to an Issuer Certificate setting forth the principal
      terms
      thereof. Pursuant to this Issuer Certificate, there is hereby created a tranche
      of Notes having the following terms:

    

    Series
      Designation:
      Citiseries. This series is included in Group 1.

    

    Tranche
      Designation:
      $750,000,000 3.10% Class 2003-A3 Notes of March 2008 (Legal Maturity Date March
      2010) (hereinafter, the "Class 2003-A3 Notes")

    

    Currency:
      The
      Class 2003-A3 Notes will be payable, and denominated, in Dollars.

    

    Issuance
      Date:
      March
      11, 2003

    

    Initial
      Principal Amount:
      $750,000,000

    

    Issue
      Price:
      99.977%

    

    Interest
      Rate:
      3.10%
      per annum, calculated on the basis of a 360-day year of twelve 30-day
      months

    

    Scheduled
      Interest Payment Dates:
      The
      10th
      day of
      each March and September, beginning September 2003.

    

    Each
      payment of interest on the Class 2003-A3 Notes will include all interest accrued
      from and including the preceding Interest Payment Date -- or, for the first
      interest period, from and including the Issuance Date -- to and including the
      day preceding the current Interest Payment Date, plus any interest accrued
      but
      not previously paid.

    

    Expected
      Principal Payment Date:
      March
      10, 2008

    

    Legal
      Maturity Date:
      March
      10, 2010

    

    
      
         

      

      
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    Monthly
      Principal Date: For
      the
      month in which the Expected Principal Payment Date occurs, March 10, 2008,
      and
      for each other month, the 10th
      day of
      such month, or if such day is not a Business Day, the next following Business
      Day.

    

    Required
      Subordinated Amount of Class B Notes:
      $44,871,825.

    

    Required
      Subordinated Amount of Class C Notes:
      $59,829,075.

    

    Controlled
      Accumulation Amount:
      $62,500,000.

    

    Form
      of Notes:
      The
      Class 2003-A3 Notes will be issued as Global Notes. The Global Notes will
      initially be registered in the name of Cede & Co., as nominee of The
      Depository Trust Company, and will be exchangeable for individual Notes only
      in
      accordance with the provisions of Section 204(c).

    

    Additional
      Issuances of Class 2003-A3 Notes:
      The
      Issuer may at any time and from time to time issue additional Class 2003-A3
      Notes, subject to the satisfaction of (i) the conditions precedent set forth
      in
      Section 311(a) and (ii) the following conditions:

    

    (a)
      the
      Issuer has obtained written confirmation from each Rating Agency that there
      will
      be no Ratings Effect with respect to the then outstanding Class 2003-A3 Notes
      as
      a result of the issuance of such additional Class 2003-A3 Notes;

    

    (b)
      as of
      the date of issuance of the additional Class 2003-A3 Notes, all amounts due
      and
      owing to the Holders of the then outstanding Class 2003-A3 Notes have been
      paid
      and there is no Nominal Liquidation Amount Deficit with respect to the then
      outstanding Class 2003-A3 Notes;

    

    (c)
      the
      additional Class 2003-A3 Notes will be fungible with the original Class 2003-A3
      Notes for federal income tax purposes; 

    

    (d)
      if
      Holders of the then outstanding Class 2003-A3 Notes have benefit of a Derivative
      Agreement, the Issuer will have obtained a Derivative Agreement for the benefit
      of the Holders of the additional Class 2003-A3 Notes; and

    

    (e)
      the
      ratio of the Controlled Accumulation Amount to the Initial Dollar Principal
      Amount of the Class 2003-A3 Notes, including the additional Class 2003-A3 Notes,
      will be equal to the ratio of the Controlled Accumulation Amount (before giving
      effect to the additional issuance) to the Initial Dollar Principal Amount of
      the
      Class 2003-A3 Notes, excluding the additional Class 2003-A3 Notes.

    

    As
      of the
      date of issuance of additional Class 2003-A3 Notes, the Outstanding Dollar
      Principal Amount and Nominal Liquidation Amount of the Class 2003-A3 Notes
      will
      be increased to reflect the Initial Dollar Principal Amount of the additional
      Class 2003-A3 Notes. 

    

    Any
      outstanding Class 2003-A3 Notes and any additional Class 2003-A3 Notes will
      be
      equally and ratably entitled to the benefits of the Indenture without
      preference, priority or distinction.

    

    Optional
      Redemption Provisions other than Section 1202 "Clean-Up
      Call":
      None

    
      
         

      

      
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    Additional
      Early Redemption Events or changes to Early Redemption
      Events:
      None

    

    Additional
      Events of Default or changes to Events of Default:
      None

    

    Interest
      Rate Swap:
      The
      Issuer hereby represents that it has obtained an interest rate swap agreement
      (the "Swap") in the form attached hereto as Exhibit B for the benefit of the
      Holders of the Class 2003-A3 Notes. Monthly payments between the Issuer and
      the
      swap counterparty pursuant to the Swap will be netted. Net swap receipts
      received by the Issuer will be deposited into the Interest Funding sub-Account
      for the Class 2003-A3 Notes on the date of receipt as provided in Section 504(a)
      and net swap payments to be made by the Issuer will be made from withdrawals
      from the Interest Funding sub-Account for the Class 2003-A3 Notes as provided
      in
      Section 507(c).

    

    None
      of a
      ratings downgrade of or payment default by the counterparty to the Swap or
      a
      termination of the Swap will constitute an Early Redemption Event or Event
      of
      Default nor will any such event obligate the Issuer to replace the
      Swap.

    

    Subject
      to Section 522, so long as the Swap is a Performing Derivative Agreement,
      targeted deposits of Finance Charge Collections to the Interest Funding
      sub-Account for the Class 2003-A3 Notes will be made on the Business Day
      preceding the 10th calendar day of each month, beginning April 2003. The deposit
      targeted to be made to the Interest Funding sub-Account for the Class 2003-A3
      Notes on April 9, 2003 will be $899,768.75. If the Swap becomes a non-Performing
      Derivative Agreement, (i) targeted deposits of Finance Charge Collections to
      the
      Interest Funding sub-Account for the Class 2003-A3 Notes will be made as
      provided in Section 503(d) and (ii) withdrawals will be made from the Interest
      Funding sub-Account for the Class 2003-A3 Notes as provided in Section
      507(d).

    

    Securities
      Exchange Listing:
      Application will be made to list the Class 2003-A3 Notes on the Luxembourg
      Stock
      Exchange.

    

    
      
         

      

      
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    The
      Class
      2003-A3 Notes shall have such other terms as are set forth in the form of Note
      attached hereto as Exhibit A. Pursuant to Section 202, the form of Note attached
      hereto has been approved by the Issuer.

    

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    By
      Citibank (South Dakota),

    National
      Association,

    as
      Managing Beneficiary 

    

    

    /s/
      Douglas C. Morrison

    --------------------------------------------

    Douglas
      C. Morrison

    Vice
      President

    

    Dated:
      March 11, 2003

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    Citiseries

    Class
      2003-A3 Notes

    

    Reference
      is made to (i) the resolutions adopted by the Board of Directors of Citibank
      (South Dakota), National Association ("Citibank (South Dakota)") on April 26,
      2000, as amended on September 25, 2001 and (ii) the resolutions adopted by
      the
      Board of Directors of Citibank (Nevada), National Association ("Citibank
      (Nevada)") on April 25, 2000, as amended on October 23, 2001. The resolutions
      authorize Citibank (South Dakota) and Citibank (Nevada), respectively, from
      time
      to time to issue and sell, or to arrange for or participate in the issuance
      and
      sale of, one or more series and/or classes of pass-through certificates,
      participation certificates, commercial paper, notes or other securities
      representing ownership interests in, or backed by, pools of credit card
      receivables or interests therein ("Receivables") in an aggregate principal
      amount such that up to $100,000,000,000 of such certificates, commercial paper,
      notes or securities are outstanding at any one time and to sell, transfer,
      convey or assign Receivables to trusts or other special purpose entities in
      connection therewith on such terms as to be determined by a Pricing and Loan
      Committee (the "Pricing and Loan Committee") of the respective
      institution.

    

    Each
      of
      the undersigned, a duly authorized member of the Citibank (South Dakota) and
      Citibank (Nevada) Pricing and Loan Committees, respectively, on behalf of such
      Pricing and Loan Committee, does hereby certify that the terms of the tranche
      of
      Notes set forth in and to be created by the preceding Issuer Certificate and
      the
      increase in the Invested Amount of the Collateral Certificate resulting from
      the
      issuance of such Notes have been approved by such Pricing and Loan Committee.
      In
      addition, the following underwriting/selling agent terms with respect to this
      tranche of Notes have been approved by such Pricing and Loan
      Committee:

    

    Issue
      Price: 99.977%

    

    Underwriting
      Commission: 0.250%

    

    Proceeds
      to Issuer: 99.727%

    

    Representative
      of the Underwriters: Salomon Smith Barney Inc.

    

    

    The
      preceding Issuer Certificate and this certification of Pricing and Loan
      Committee approval shall be, continuously from the time of their execution,
      official records of Citibank (South Dakota) and Citibank (Nevada),
      respectively.

    

    

    
      	
              /s/
                Douglas C. Morrison

              -----------------------------------------

            	
              /s/
                Robert D. Clark

              -------------------------------------

            
	
              Douglas
                C. Morrison

            	
              Robert
                D. Clark

            
	
              Member
                of the Pricing and Loan Committee

            	
              Member
                of the Pricing and Loan Committee

            
	
              Citibank
                (South Dakota), National Association

            	
              Citibank
                (Nevada), National Association

            

    

    

    Dated:
      March 11, 2003

    

    
      
        
          

          

          

        

         

      

      
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    Exhibit
      A

    

    FORM
      OF

    

    CITISERIES

    

    3.10%
      CLASS 2003-A3 NOTES OF MARCH 2008

    (Legal
      Maturity Date March 2010)

    

    

    $___,000,000         REGISTERED

    CUSIP
      No.
      17305E BM 6       No.
      R-__

    

    UNLESS
      THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
      COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
      IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
      AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
      TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
      ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
      PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
      AN INTEREST HEREIN.

    

    THE
      PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN AND IN THE INDENTURE
      REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE
      AT
      ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

    

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    CITISERIES

    

    3.10%
      CLASS 2003-A3 NOTES OF MARCH 2008

    (Legal
      Maturity Date March 2010)

    

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST, a trust formed and existing under the laws of the
      State of Delaware (including any successor, the "Issuer"), for value received,
      hereby promises to pay to CEDE & CO., or its registered assigns, the
      principal amount of ______ HUNDRED MILLION DOLLARS ($___,000,000). The Expected
      Principal Payment Date for this Note is March 10, 2008. The Legal Maturity
      Date
      for this Note is March 10, 2010.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    The
      Issuer hereby promises to pay interest on this Note at the rate of 3.10% per
      annum on the 10th
      day of
      each March and September, beginning September 2003, until the principal of
      this
      Note is paid or made available for payment, subject to certain limitations
      set
      forth in the Indenture. Interest will accrue on the outstanding principal amount
      of this Note outstanding on the preceding Interest Payment Date (after giving
      effect to any payments of principal made on the preceding Interest Payment
      Date), or with respect to the first Interest Payment Date, the initial principal
      amount of this Note. Interest will accrue from March 11, 2003 and be computed
      on
      the basis of a 360-day year of twelve 30-day months.

    

    If
      any
      Interest Payment Date or Principal Payment Date of this Note falls on a day
      that
      is not a Business Day, the required payment of interest or principal will be
      made on the following Business Day.

    

    This
      Note
      is one of the Citiseries, Class 2003-A3 Notes issued pursuant to the Indenture,
      dated as of September 26, 2000 (as amended and otherwise modified from time
      to
      time, the "Indenture") between the Issuer and Deutsche Bank Trust Company
      Americas (formerly Bankers Trust Company), as Trustee. For purposes of this
      Note, the term "Indenture" includes any supplemental indenture or Issuer
      Certificate relating to the Citiseries, Class 2003-A3 Notes. This Note is
      subject to all of the terms of the Indenture. All terms used in this Note that
      are not otherwise defined herein and that are defined in the Indenture will
      have
      the meanings assigned to them therein.

    

    The
      principal of and interest on this Note are payable in such coin or currency
      of
      the United States of America as at the time of payment is legal tender for
      payment of public and private debts.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, is deemed to
      have
      consented to such amendments to the Pooling and Servicing Agreement and other
      operative documents as are necessary to permit the Sellers to retain sale
      treatment for accounting purposes of the transfer of assets to the Master Trust,
      in accordance with the provisions of Financial Accounting Standards Board SFAS
      No. 140.

    

    Reference
      is made to the further provisions of this Note set forth on the reverse hereof,
      which will have the same effect as though fully set forth on the face of this
      Note.

    

    Unless
      the certificate of authentication hereon has been executed by the Trustee whose
      name appears below by manual signature, this Note will not 

    

    

    

    

    

    

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    be
      entitled to any benefit under the Indenture, or be valid or obligatory for
      any
      purpose.

    

    IN
      WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually
      or
      in facsimile, by an Issuer Authorized Officer.

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    By: CITIBANK
      (SOUTH DAKOTA),

    NATIONAL
      ASSOCIATION,

    as
      Managing Beneficiary of

    Citibank
      Credit Card Issuance Trust

    

    

    By:
      __________________________________

    Douglas
      C. Morrison

    Vice
      President

    

    Dated:
      March 11, 2003

    

    

    

    

    TRUSTEE'S
      CERTIFICATE OF AUTHENTICATION

    

    

    This
      is
      one of the Notes designated above and referred to in the within mentioned
      Indenture.

    

    

    DEUTSCHE
      BANK TRUST COMPANY AMERICAS,

    as
      Trustee under the Indenture

    

    

    By:
      _________________________________

    Authorized
      Signatory

    

    

    Dated:
      March 11, 2003

    

    

    

    

    
      
         

      

      
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    REVERSE
      OF NOTE

    

    This
      Note
      is one of a duly authorized issue of Notes of the Issuer, designated as its
      Citiseries 3.10% Class 2003-A3 Notes of March 2008 (Legal Maturity Date March
      2010) (herein called the "Notes"), all issued under an Indenture, to which
      Indenture reference is hereby made for a statement of the respective rights
      and
      obligations thereunder of the Issuer, the Trustee and the Holders of the
      Notes.

    

    This
      Note
      ranks pari passu with all other Class A Notes of the same series, as set forth
      in the Indenture. This Note is secured to the extent, and by the collateral,
      described in the Indenture.

    

    The
      Issuer will pay interest on overdue interest as set forth in the Indenture
      to
      the extent lawful.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, agrees that
      no
      recourse may be taken, directly or indirectly, with respect to the obligations
      of the Issuer or the Trustee on the Notes, against the Issuer, the Issuer
      Trustee, the Banks, the Trustee or any affiliate, officer, employee or director
      of any of them, and the obligation of the Issuer to pay principal of or interest
      on this Note or any other amount payable to the Holder of this Note will be
      subject to Article V of the Indenture.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, agrees that
      this
      Note is intended to be debt of the Banks for federal, state and local income
      and
      franchise tax purposes, and agrees to treat this Note accordingly for all such
      purposes, unless otherwise required by a taxing authority.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, agrees that
      it
      will not at any time institute against the Issuer, or join in any institution
      against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
      or liquidation proceeding, or other proceedings under any United States federal
      or state bankruptcy or similar law in connection with any obligations relating
      to this Note, the Indenture or any Derivative Agreement.

    

    This
      Note
      and the Indenture will be construed in accordance with and governed by the
      laws
      of the State of New York.

    

    No
      reference herein to the Indenture and no provision of this Note or of the
      Indenture will alter or impair the obligation of the Issuer, which is absolute
      and unconditional, to pay the principal of and interest on this Note at the
      times, place and rate, and in the coin or currency, herein
      prescribed.

    

    Certain
      amendments may be made to the Indenture without the consent of the Holder of
      this Note. This Note must be surrendered for final payment of principal and
      interest.

    

    

    
      
         

      

      
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    ASSIGNMENT

    

    

    Social
      Security or taxpayer I.D. or other identifying number of
      assignee:____________________

    

    FOR
      VALUE
      RECEIVED, the undersigned hereby sells, assigns and transfers unto

    

    ___________________________________________________________________

    

    ___________________________________________________________________

    (name
      and
      address of assignee)

    

    the
      within Note and all rights thereunder, and hereby irrevocably constitutes and
      appoints __________________________________________________________, attorney,
      to transfer said Note on the books kept for registration thereof, with full
      power of substitution in the premises.

    

    Dated:
      ____________________________ _________________________*

    Signature
      Guaranteed:

    

    

    

    

    ----------------

    *
      NOTE:
      The signature to this assignment must correspond with the name of the registered
      owner as it appears on the face of the within Note in every particular without
      alteration, enlargement or any change whatsoever.Terms Document 2003-A4

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    Citiseries

    Class
      2003-A4 Notes

    

    Issuer
      Certificate

    Pursuant
      to Sections 202 and 301(h) of the Indenture

    

    Reference
      is made to the Indenture, dated as of September 26, 2000, as amended by
      Amendment No. 1 thereto dated as of November 14, 2001, each between Citibank
      Credit Card Issuance Trust (the "Issuer") and Deutsche Bank Trust Company
      Americas (formerly Bankers Trust Company), as trustee (the "Indenture").
      Capitalized terms used herein that are not otherwise defined have the meanings
      set forth in the Indenture. All references herein to designated Sections are
      to
      the designated Sections of the Indenture.

    

    Section
      301(h) provides that the Issuer may from time to time create a tranche of Notes
      either by or pursuant to an Issuer Certificate setting forth the principal
      terms
      thereof. Pursuant to this Issuer Certificate, there is hereby created a tranche
      of Notes having the following terms: 

    

    Series
      Designation:
      Citiseries. This series is included in Group 1. 

    

    Tranche
      Designation:
      $1,250,000,000 Floating Rate Class 2003-A4 Notes of March 2007 (Legal Maturity
      Date March 2009) (hereinafter, the "Class 2003-A4 Notes")

    

    Currency:
      The
      Class 2003-A4 Notes will be payable, and denominated, in Dollars. 

    

    Issuance
      Date:
      March
      25, 2003

    

    Initial
      Principal Amount:
      $1,250,000,000

    

    Issue
      Price:
      100%

    

    Interest
      Rate:
      The
      Class 2003-A4 Notes will accrue interest with respect to any interest period
      at
      a per annum rate equal to the Class 2003-A4 Note Rate for such interest period,
      calculated on the basis of the actual number of days in such interest period
      divided by 360. The "Class 2003-A4 Note Rate" means,
      with
      respect to the first interest period, 1.36129%
      per
      annum
      and, with respect to each interest period thereafter, a
      per
      annum rate equal to LIBOR for such interest period plus 0.07%.
      

    

    The
      Issuer will determine LIBOR for each applicable interest period on the second
      business day before the beginning of that interest period. For purposes of
      calculating LIBOR, a business day is any day on which dealings in deposits
      in
      U.S. Dollars are transacted in the London interbank market.

    

    "LIBOR"
      means,
      as of any date of determination, the rate for deposits in U.S. Dollars for
      the
      Designated Maturity (commencing on the first day of the relevant interest
      period) which appears on the Telerate Page 3750 as of 11:00 a.m., London time,
      on such date. If such rate does not appear on Telerate Page 3750, the rate
      for
      that day will be determined on the basis of the rates at which deposits in
      U.S.
      Dollars are offered by the Reference Banks at approximately 11:00 a.m.,

    
      
         

      

      
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    London
      time, on that day to prime banks in the London interbank market for the
      Designated Maturity (commencing on the first day of the relevant interest
      period). The Issuer will request the principal London office of each of the
      Reference Banks to provide a quotation of its rate. If at least two such
      quotations are provided, the rate for that day will be the arithmetic mean
      of
      the quotations. If fewer than two quotations are provided as requested, the
      rate
      for that day will be the arithmetic mean of the rates quoted by major banks
      in
      New York City, selected by the Issuer, at approximately 11:00 a.m., New York
      City time, on that day for loans in U.S. Dollars to leading European banks
      for a
      period of the Designated Maturity (commencing on the first day of the relevant
      interest period).

    

    "Telerate
      Page 3750"
      means
      the display page currently so designated on the Moneyline Telerate Service
      (or
      such other page as may replace that page on that service for the purpose of
      displaying comparable rates or prices).

    

    "Designated
      Maturity"
      means
      three months, however,
      upon
      the occurrence of an Event of Default or an Early Redemption Event with respect
      to the Class 2003-A4 Notes, or if the Class 2003-A4 Notes are not paid in full
      on their Expected Principal Payment Date, "Designated Maturity" means one
      month.

    

    "Reference
      Banks"
      means
      four major banks in the London interbank market selected by the
      Issuer.

    

    Scheduled
      Interest Payment Dates:
      The
      20th
      day of
      each March, June, September and December, beginning June 2003.

    

    Each
      payment of interest on the Class 2003-A4 Notes will include all interest accrued
      from and including the preceding Interest Payment Date -- or, for the first
      interest period, from and including the Issuance Date -- to and including the
      day preceding the current Interest Payment Date, plus any interest accrued
      but
      not previously paid.

    

    The
      first
      deposit targeted to be made to the Interest Funding sub-Account for the Class
      2003-A4 Notes will be on the April 21, 2003 Interest Deposit Date and in an
      amount equal to $1,276,209.38.

    

    Expected
      Principal Payment Date:
      March
      20, 2007

    

    Legal
      Maturity Date:
      March
      20, 2009

    

    Monthly
      Principal Date: For
      the
      month in which the Expected Principal Payment Date occurs, March 20, 2007,
      and
      for each other month, the 20th
      day of
      such month, or if such day is not a Business Day, the next following Business
      Day.

    

    Required
      Subordinated Amount of Class B Notes:
      $74,786,375.

    

    Required
      Subordinated Amount of Class C Notes:
      $99,715,125.

    

    Controlled
      Accumulation Amount:
      $104,166,667.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Form
      of Notes:
      The
      Class 2003-A4 Notes will be issued as Global Notes. The Global Notes will
      initially be registered in the name of Cede & Co., as nominee of The
      Depository Trust Company, and will be exchangeable for individual Notes only
      in
      accordance with the provisions of Section 204(c).

    

    Additional
      Issuances of Class 2003-A4 Notes:
      The
      Issuer may at any time and from time to time issue additional Class 2003-A4
      Notes, subject to the satisfaction of (i) the conditions precedent set forth
      in
      Section 311(a) and (ii) the following conditions:

    

    (a)
      the
      Issuer has obtained written confirmation from each Rating Agency that there
      will
      be no Ratings Effect with respect to the then outstanding Class 2003-A4 Notes
      as
      a result of the issuance of such additional Class 2003-A4 Notes;

    

    (b)
      as of
      the date of issuance of the additional Class 2003-A4 Notes, all amounts due
      and
      owing to the Holders of the then outstanding Class 2003-A4 Notes have been
      paid
      and there is no Nominal Liquidation Amount Deficit with respect to the then
      outstanding Class 2003-A4 Notes;

    

    (c)
      the
      additional Class 2003-A4 Notes will be fungible with the original Class 2003-A4
      Notes for federal income tax purposes; 

    

    (d)
      if
      Holders of the then outstanding Class 2003-A4 Notes have benefit of a Derivative
      Agreement, the Issuer will have obtained a Derivative Agreement for the benefit
      of the Holders of the additional Class 2003-A4 Notes; and

    

    (e)
      the
      ratio of the Controlled Accumulation Amount to the Initial Dollar Principal
      Amount of the Class 2003-A4 Notes, including the additional Class 2003-A4 Notes,
      will be equal to the ratio of the Controlled Accumulation Amount (before giving
      effect to the additional issuance) to the Initial Dollar Principal Amount of
      the
      Class 2003-A4 Notes, excluding the additional Class 2003-A4 Notes.

    

    As
      of the
      date of issuance of additional Class 2003-A4 Notes, the Outstanding Dollar
      Principal Amount and Nominal Liquidation Amount of the Class 2003-A4 Notes
      will
      be increased to reflect the Initial Dollar Principal Amount of the additional
      Class 2003-A4 Notes. 

    

    Any
      outstanding Class 2003-A4 Notes and any additional Class 2003-A4 Notes will
      be
      equally and ratably entitled to the benefits of the Indenture without
      preference, priority or distinction.

    

    Optional
      Redemption Provisions other than Section 1202 "Clean-Up
      Call":
      None

    

    Additional
      Early Redemption Events or changes to Early Redemption
      Events:
      None

    

    Additional
      Events of Default or changes to Events of Default:
      None

    

    Securities
      Exchange Listing:
      Application will be made to list the Class 2003-A4 Notes on the Luxembourg
      Stock
      Exchange.

    

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    The
      Class
      2003-A4 Notes shall have such other terms as are set forth in the form of Note
      attached hereto as Exhibit A. Pursuant to Section 202, the form of Note attached
      hereto has been approved by the Issuer.

    

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    By
      Citibank (South Dakota),

    National
      Association,

    as
      Managing Beneficiary 

    

    

    /s/
      Douglas C. Morrison

    --------------------------------------------

    Douglas
      C. Morrison

    Vice
      President

    

    Dated:
      March 25, 2003

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    Citiseries

    Class
      2003-A4 Notes

    

    Reference
      is made to (i) the resolutions adopted by the Board of Directors of Citibank
      (South Dakota), National Association ("Citibank (South Dakota)") on April 26,
      2000, as amended on September 25, 2001 and (ii) the resolutions adopted by
      the
      Board of Directors of Citibank (Nevada), National Association ("Citibank
      (Nevada)") on April 25, 2000, as amended on October 23, 2001. The resolutions
      authorize Citibank (South Dakota) and Citibank (Nevada), respectively, from
      time
      to time to issue and sell, or to arrange for or participate in the issuance
      and
      sale of, one or more series and/or classes of pass-through certificates,
      participation certificates, commercial paper, notes or other securities
      representing ownership interests in, or backed by, pools of credit card
      receivables or interests therein ("Receivables") in an aggregate principal
      amount such that up to $100,000,000,000 of such certificates, commercial paper,
      notes or securities are outstanding at any one time and to sell, transfer,
      convey or assign Receivables to trusts or other special purpose entities in
      connection therewith on such terms as to be determined by a Pricing and Loan
      Committee (the "Pricing and Loan Committee") of the respective
      institution.

    

    Each
      of
      the undersigned, a duly authorized member of the Citibank (South Dakota) and
      Citibank (Nevada) Pricing and Loan Committees, respectively, on behalf of such
      Pricing and Loan Committee, does hereby certify that the terms of the tranche
      of
      Notes set forth in and to be created by the preceding Issuer Certificate and
      the
      increase in the Invested Amount of the Collateral Certificate resulting from
      the
      issuance of such Notes have been approved by such Pricing and Loan Committee.
      In
      addition, the following underwriting/selling agent terms with respect to this
      tranche of Notes have been approved by such Pricing and Loan
      Committee:

    

    Issue
      Price: 100%

    

    Underwriting
      Commission: 0.20%

    

    Proceeds
      to Issuer: 99.80%

    

    Representative
      of the Underwriters: Salomon Smith Barney Inc.

    

    

    The
      preceding Issuer Certificate and this certification of Pricing and Loan
      Committee approval shall be, continuously from the time of their execution,
      official records of Citibank (South Dakota) and Citibank (Nevada),
      respectively.

    

    

    
      	
              /s/
                Douglas C. Morrison

              -----------------------------------------

            	
              /s/
                Robert D. Clark

              -------------------------------------

            
	
              Douglas
                C. Morrison

            	
              Robert
                D. Clark

            
	
              Member
                of the Pricing and Loan Committee

            	
              Member
                of the Pricing and Loan Committee

            
	
              Citibank
                (South Dakota), National Association

            	
              Citibank
                (Nevada), National Association

            

    

    

    

    Dated:
      March 25, 2003

    

    
      
        
          

          

          

        

         

      

      
        5

        
          

        

      

      
         

        
        

      

    

    Exhibit
      A

    

    FORM
      OF

    

    CITISERIES

    

    FLOATING
      RATE CLASS 2003-A4 NOTES OF MARCH 2007

    (Legal
      Maturity Date March 2009)

    

    

    $___,000,000         REGISTERED

    CUSIP
      No.
17305E
      BN
      4       No.
      R-__

    

    UNLESS
      THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
      COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
      IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
      AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
      TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
      ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
      PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
      AN INTEREST HEREIN.

    

    THE
      PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN AND IN THE INDENTURE
      REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE
      AT
      ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

    

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    CITISERIES

    

    FLOATING
      RATE CLASS 2003-A4 NOTES OF MARCH 2007

    (Legal
      Maturity Date March 2009)

    

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST, a trust formed and existing under the laws of the
      State of Delaware (including any successor, the "Issuer"), for value received,
      hereby promises to pay to CEDE & CO., or its registered assigns, the
      principal amount of ______ HUNDRED MILLION DOLLARS ($___,000,000). The Expected
      Principal Payment Date for this Note is March 20, 2007. The Legal Maturity
      Date
      for this Note is March 20, 2009.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    The
      Issuer hereby promises to pay interest on this Note on the 20th
      day of
      each March, June, September and December beginning June 2003, until the
      principal of this Note is paid or made available for payment, subject to certain
      limitations set forth in the Indenture. Interest will accrue on the outstanding
      principal amount of this Note for each interest period in an amount equal to
      the
      product of (i) the actual number of days in such interest period divided by
      360,
      (ii) a rate per annum equal to the Class 2003-A4 Note Rate for such interest
      period, and (iii) the outstanding principal amount of this Note as of the
      preceding Interest Payment Date (after giving effect to any payments of
      principal made on the preceding Interest Payment Date)
      or, in
      the case of the first Interest Payment Date, the initial principal amount of
      this Note.
      The
      Class 2003-A4 Note Rate will be determined as provided in the
      Indenture.

    

    If
      any
      Interest Payment Date or Principal Payment Date of this Note falls on a day
      that
      is not a Business Day, the required payment of interest or principal will be
      made on the following Business Day.

    

    This
      Note
      is one of the Citiseries, Class 2003-A4 Notes issued pursuant to the Indenture,
      dated as of September 26, 2000 (as amended and otherwise modified from time
      to
      time, the "Indenture") between the Issuer and Deutsche Bank Trust Company
      Americas (formerly Bankers Trust Company), as Trustee. For purposes of this
      Note, the term "Indenture" includes any supplemental indenture or Issuer
      Certificate relating to the Citiseries, Class 2003-A4 Notes. This Note is
      subject to all of the terms of the Indenture. All terms used in this Note that
      are not otherwise defined herein and that are defined in the Indenture will
      have
      the meanings assigned to them therein.

    

    The
      principal of and interest on this Note are payable in such coin or currency
      of
      the United States of America as at the time of payment is legal tender for
      payment of public and private debts.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, is deemed to
      have
      consented to such amendments to the Pooling and Servicing Agreement and other
      operative documents as are necessary to permit the Sellers to retain sale
      treatment for accounting purposes of the transfer of assets to the Master Trust,
      in accordance with the provisions of Financial Accounting Standards Board SFAS
      No. 140.

    

    Reference
      is made to the further provisions of this Note set forth on the reverse hereof,
      which will have the same effect as though fully set forth on the face of this
      Note.

    

    Unless
      the certificate of authentication hereon has been executed by the Trustee whose
      name appears below by manual signature, this Note will not be entitled to any
      benefit under the Indenture, or be valid or obligatory for any
      purpose.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually
      or
      in facsimile, by an Issuer Authorized Officer.

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    By: CITIBANK
      (SOUTH DAKOTA),

    NATIONAL
      ASSOCIATION,

    as
      Managing Beneficiary of

    Citibank
      Credit Card Issuance Trust

    

    

    By:
      __________________________________

    Douglas
      C. Morrison

    Vice
      President

    

    Dated:
      March 25, 2003

    

    

    

    

    TRUSTEE'S
      CERTIFICATE OF AUTHENTICATION

    

    

    This
      is
      one of the Notes designated above and referred to in the within mentioned
      Indenture.

    

    

    DEUTSCHE
      BANK TRUST COMPANY AMERICAS,

    as
      Trustee under the Indenture

    

    

    By:
      _________________________________

    Authorized
      Signatory

    

    

    Dated:
      March 25, 2003

    

    

    

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    REVERSE
      OF NOTE

    

    This
      Note
      is one of a duly authorized issue of Notes of the Issuer, designated as its
      Citiseries Floating Rate Class 2003-A4 Notes of March 2007 (Legal Maturity
      Date
      March 2009) (herein called the "Notes"), all issued under an Indenture, to
      which
      Indenture reference is hereby made for a statement of the respective rights
      and
      obligations thereunder of the Issuer, the Trustee and the Holders of the
      Notes.

    

    This
      Note
      ranks pari passu with all other Class A Notes of the same series, as set forth
      in the Indenture. This Note is secured to the extent, and by the collateral,
      described in the Indenture.

    

    The
      Issuer will pay interest on overdue interest as set forth in the Indenture
      to
      the extent lawful.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, agrees that
      no
      recourse may be taken, directly or indirectly, with respect to the obligations
      of the Issuer or the Trustee on the Notes, against the Issuer, the Issuer
      Trustee, the Banks, the Trustee or any affiliate, officer, employee or director
      of any of them, and the obligation of the Issuer to pay principal of or interest
      on this Note or any other amount payable to the Holder of this Note will be
      subject to Article V of the Indenture.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, agrees that
      this
      Note is intended to be debt of the Banks for federal, state and local income
      and
      franchise tax purposes, and agrees to treat this Note accordingly for all such
      purposes, unless otherwise required by a taxing authority.

    

    Each
      Holder by acceptance of this Note, and each owner of a beneficial interest
      in
      this Note by acceptance of a beneficial interest in this Note, agrees that
      it
      will not at any time institute against the Issuer, or join in any institution
      against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
      or liquidation proceeding, or other proceedings under any United States federal
      or state bankruptcy or similar law in connection with any obligations relating
      to this Note, the Indenture or any Derivative Agreement.

    

    This
      Note
      and the Indenture will be construed in accordance with and governed by the
      laws
      of the State of New York.

    

    No
      reference herein to the Indenture and no provision of this Note or of the
      Indenture will alter or impair the obligation of the Issuer, which is absolute
      and unconditional, to pay the principal of and interest on this Note at the
      times, place and rate, and in the coin or currency, herein
      prescribed.

    

    Certain
      amendments may be made to the Indenture without the consent of the Holder of
      this Note. This Note must be surrendered for final payment of principal and
      interest.

    

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    ASSIGNMENT

    

    

    Social
      Security or taxpayer I.D. or other identifying number of
      assignee:____________________

    

    FOR
      VALUE
      RECEIVED, the undersigned hereby sells, assigns and transfers unto

    

    ___________________________________________________________________

    

    ___________________________________________________________________

    (name
      and
      address of assignee)

    

    the
      within Note and all rights thereunder, and hereby irrevocably constitutes and
      appoints __________________________________________________________, attorney,
      to transfer said Note on the books kept for registration thereof, with full
      power of substitution in the premises.

    

    Dated:
      ____________________________ _________________________*

    Signature
      Guaranteed:

    

    

    

    

    ----------------

    *
      NOTE:
      The signature to this assignment must correspond with the name of the registered
      owner as it appears on the face of the within Note in every particular without
      alteration, enlargement or any change whatsoever.

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