Document:

termsdoc07-a3re.htm

     

     

     

     

    Exhibit
      4.1

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    Citiseries

    Class
      2007-A3 Notes

    (Issuance
      Date August 15, 2007)

    

    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, 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 an Issuer Certificate dated June 15, 2007, a
      tranche of Notes of the Citiseries designated Class 2007-A3 was established,
      of
      which $350,000,000 Outstanding Dollar Principal Amount is Outstanding (the
      "Outstanding 2007-A3 Notes").  This Issuer Certificate relates to
      additional Notes of Class 2007-A3 (hereinafter, the "New Class 2007-A3 Notes",
      and together with the Outstanding Class 2007-A3 Notes, the "Class 2007-A3
      Notes") having the following terms:

    

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

    

    Tranche
      Designation:  $665,000,000  6.15% Class 2007-A3
      Notes of June 2037 (Legal Maturity Date June 2039)

    

    Currency:  The
      Class 2007-A3 Notes will be payable, and denominated, in Dollars.

    

    Denominations:  The
      Class 2007-A3 Notes will be issuable in minimum denominations of $100,000 and
      multiples of $1,000 in excess of that amount.

    

    Issuance
      Date:  August 15, 2007

    

    Initial
      Principal Amount:  $315,000,000

    

    Issue
      Price:  101.795% plus interest accrued from June 15, 2007 to
      the Issuance Date

    

    Interest
      Rate:  6.15% per annum, calculated on the basis of a 360-day
      year of twelve 30-day months.  Interest will accrue on the New Class
      2007-A3 Notes from June 15, 2007.

    

    Additional
      Deposit to Interest Funding sub-Account: On the Issuance Date of the
      New Class 2007-A3 Notes, the Issuer will make or cause to be made a deposit
      to
      the Interest Funding sub-Account for the Class 2007-A3 Notes from the proceeds
      to the Issuer from the issuance of the New Class 2007-A3 Notes in an amount
      equal to $3,228,750.00.  This amount will not be subject to
      reallocation pursuant to Section 505.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Scheduled
      Interest Payment Dates:  The 15th
      day of each June
      and December, beginning December 2007.

    

    Each
      payment of interest on the New Class 2007-A3 Notes will include all interest
      accrued from and including the preceding Interest Payment Date -- or, for the
      first interest period, from and including June 15, 2007 -- to and including
      the
      day preceding the current Interest Payment Date, plus any interest accrued
      but
      not previously paid.

    

    Expected
      Principal Payment Date:  June 15, 2037

    

    Legal
      Maturity Date:  June 15, 2039

    

    Monthly
      Principal Date:  For the month in which the Expected
      Principal Payment Date occurs, June 15, 2037, and for each other month, the
      15th 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:  $18,846,167.

    

    Required
      Subordinated Amount of Class C
      Notes:  $25,128,212.

    

    Controlled
      Accumulation Amount:  $26,250,000.

    

    Form
      of Notes:  The New Class 2007-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 2007-A3 Notes:  The Issuer may at any time
      and from time to time issue additional Class 2007-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
                2007-A3 Notes as a result of the issuance of such additional Class
                2007-A3
                Notes;

            

    

    

    
      	
               

            	
              (b)
                as of the date of issuance of the additional Class 2007-A3 Notes,
                all
                amounts due and owing to the Holders of the then outstanding Class
                2007-A3
                Notes have been paid and there is no Nominal Liquidation Amount Deficit
                with respect to the then outstanding Class 2007-A3
                Notes;

            

    

    

    
      	
               

            	
              (c)
                the additional Class 2007-A3 Notes will be fungible with the original
                Class 2007-A3 Notes for federal income tax
                purposes;

            

    

    

    
      	
               

            	
              (d)
                if Holders of the then outstanding Class 2007-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 2007-A3 Notes;
                and

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (e)
                the ratio of the Controlled Accumulation Amount to the Initial Dollar
                Principal Amount of the Class 2007-A3 Notes, including the additional
                Class 2007-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 2007-A3 Notes, excluding
                the additional Class 2007-A3 Notes.

            

    

    

    As
      of the
      date of issuance of additional Class 2007-A3 Notes, the Outstanding Dollar
      Principal Amount and Nominal Liquidation Amount of the Class 2007-A3 Notes
      will
      be increased to reflect the Initial Dollar Principal Amount of the additional
      Class 2007-A3 Notes.

    

    Any
      outstanding Class 2007-A3 Notes and any additional Class 2007-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

    

    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 "New Swap") with Citibank, N.A. as swap
      counterparty, a copy of which is attached hereto as Exhibit B for the exclusive
      benefit of the Holders of the Class 2007-A3 Notes. The Issuer hereby further
      represents that as of June 15, 2007, it had obtained an interest rate swap
      agreement (the "Outstanding Swap") with Citibank, N.A. as swap counterparty,
      a
      copy of which was attached as Exhibit B to the Issuer Certificate relating
      to
      the Outstanding Class 2007-A3 Notes, for the exclusive benefit of the Holders
      of
      the Class 2007-A3 Notes.  Except for the trade date, the terms of the
      New Swap are identical to the terms of the Outstanding Swap.  The New
      Swap together with the Outstanding Swap are referred to herein as the
      "Swap".

    

    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 2007-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 2007-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 2007-A3 Notes will be made on the Business Day
      preceding the 15th calendar
      day of
      each month. Notwithstanding any provision in the Indenture to the contrary,
      the
      deposit targeted to be made to the Interest Funding sub-Account for the Class
      2007-A3 Notes with respect to the New Class 2007-A3 Notes on September 14,
      2007
      will be $1,705,025.44.  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 2007-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 2007-A3 Notes as provided in Section
      507(d).

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    Business
      Day: means any day other than (a) a Saturday or Sunday or (b) any other
      day on which national banking associations or state banking institutions in
      New
      York, New York or South Dakota, or any other state in which the principal
      executive offices of any Additional Seller are located, are authorized or
      obligated by law, executive order or governmental decree to be
      closed.

    

    Securities
      Exchange Listing:  Application will be made to list the New
      Class 2007-A3 Notes on the Irish Stock Exchange.

    

    Provisions
      Relating to Issuance of New Class 2007-A3 Notes: The New Class 2007-A3
      Notes are part of the Class 2007-A3 Notes, and the Outstanding Class 2007-A3
      Notes and the New Class 2007-A3 Notes together constitute a single tranche
      of
      Class 2007-A3 Notes and will be equally and ratably entitled to the benefits
      of
      the Indenture without preference, priority or distinction.  The New
      Class 2007-A3 Notes are fungible with the Outstanding Class 2007-A3 Notes and
      are intended to trade interchangeably with the Outstanding Class 2007-A3
      Notes.

    

    The
      Initial Dollar Principal Amount of the New Class 2007-A3 Notes is $315,000,000,
      and, after giving effect to the issuance of the New Class 2007-A3 Notes, the
      Initial Dollar Principal Amount of the Class 2007-A3 Notes will be the sum
      of
      the Initial Dollar Principal Amounts of the Outstanding Class 2007-A3 Notes
      and
      the New Class 2007-A3 Notes.

    

    The
      Nominal Liquidation Amount of the New Class 2007-A3 Notes is $315,000,000,
      and,
      after giving effect to the issuance of the New Class 2007-A3 Notes, the Nominal
      Liquidation Amount of the Class 2007-A3 Notes will be the sum of the Nominal
      Liquidation Amounts of the Outstanding Class 2007-A3 Notes and the New Class
      2007-A3 Notes.

    

    The
      Controlled Accumulation Amount of the New Class 2007-A3 Notes is $26,250,000,
      and, after giving effect to the issuance of the New Class 2007-A3 Notes, the
      Controlled Accumulation Amount of the Class 2007-A3 Notes will be the sum of
      the
      Controlled Accumulation Amounts of the Outstanding Class 2007-A3 Notes and
      the
      New Class 2007-A3 Notes.

    

    The
      Required Subordinated Amount of Class B Notes for the New Class 2007-A3 Notes
      is
      $18,846,167, and, after giving effect to the issuance of the New Class 2007-A3
      Notes, the Required Subordinated Amount of Class B Notes for the Class 2007-A3
      Notes will be the sum of the Required Subordinated Amounts of Class B Notes
      for
      the Outstanding Class 2007-A3 Notes and the New Class 2007-A3
      Notes.  The Required Subordinated Amount of Class C Notes for the New
      Class 2007-A3 Notes is $25,128,212, and, after giving effect to the issuance
      of
      the New Class 2007-A3 Notes, the Required Subordinated Amount of Class C Notes
      for the Class 2007-A3 Notes will be the sum of the Required Subordinated Amounts
      of Class C Notes for the Outstanding Class 2007-A3 Notes and the New Class
      2007-A3 Notes.

    

    This
      Issuer Certificate and the Issuer Certificate relating to the Outstanding Class
      2007-A3 Notes together constitute the terms document for the Class 2007-A3
      Notes.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    The
      New
      Class 2007-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:  August
      15, 2007

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    Citiseries

    Class
      2007-A3 Notes

    (Issuance
      Date August 15, 2007)

    

    Reference
      is made to 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 October 25, 2006. The resolutions authorize
      Citibank (South Dakota) 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 $125,000,000,000 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 the
      Citibank (South Dakota) Pricing and Loan Committee (the "Pricing and Loan
      Committee").

    

    The
      undersigned, a duly authorized member of the Pricing and Loan Committee, on
      behalf of such Pricing and Loan Committee, does hereby certify that the terms
      of
      the New Class 2007-A3 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 the New Class 2007-A3 Notes have been approved
      by
      such Pricing and Loan Committee:

    

    Issue
      Price:  101.795% plus interest accrued from June 15, 2007 to the
      Issuance Date

    

    Underwriting
      Commission:  0.750%

    

    Proceeds
      to Issuer:  101.045% plus interest accrued from June 15, 2007 to the
      Issuance Date

    

    Representative
      of the Underwriters:  Citigroup Global Markets 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).

    

    

    /s/
      Douglas C. Morrison

    _____________________________

    Douglas
      C. Morrison

    Member
      of
      the Pricing and Loan Committee

    Citibank
      (South Dakota), National Association

    

    

    Dated:  August
      15, 2007

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    FORM
      OF

    

    CITISERIES

    

    6.15%
      CLASS 2007-A3 NOTES OF JUNE 2037

    (Legal
      Maturity Date June 2039)

    

    

    
      	
              $315,000,000

            	 	
              REGISTERED

            
	
              CUSIP
                No. 17305E DT 9

            	 	
              No.
                R-2

            

    

    

    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

    

    6.15%
      CLASS 2007-A3 NOTES OF JUNE 2037

    (Legal
      Maturity Date June 2039)

    

    

    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 THREE HUNDRED FIFTEEN MILLION DOLLARS
      ($315,000,000).  The Expected Principal Payment Date for this Note is
      June 15, 2037.  The Legal Maturity Date for this Note is June 15,
      2039.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      Issuer hereby promises to pay interest on this Note at the rate of 6.15% per
      annum on the 15th day of each June and December, beginning December 2007, 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 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 June 15, 2007 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 2007-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, as Trustee. For purposes of this Note, the term "Indenture" includes
      any supplemental indenture or Issuer Certificate relating to the Citiseries,
      Class 2007-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 Seller 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

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    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:  August
      15, 2007

    

    

    

    

    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:  August
      15, 2007

    

    

    

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    REVERSE
      OF NOTE

    

    This
      Note
      is one of a duly authorized issue of Notes of the Issuer, designated as its
      Citiseries 6.15% Class 2007-A3 Notes of June 2037 (Legal Maturity Date June
      2039) (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, Citibank (South Dakota), 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 Citibank (South Dakota) 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.

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    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.

    

    

    

    

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    Exhibit
      B

     

     

    

      $315,000,000
        6.15% Class 2007-A3 Notes of June 2037

      (Legal
        Maturity Date June 2039)

      Citiseries

       

      CONFIRMATION

       

      Deal
        Reference Number  M074433

      

      

      
        	
                To:

              	
                CITIBANK
                  CREDIT CARD ISSUANCE TRUST, as Issuer (the “Issuer”) of the
                  $315,000,000 6.15% Class 2007-A3 Notes of June 2037 (Legal Maturity
                  Date
                  June 2039) of the Citiseries

              

      

       

      
        	
                From:

              	
                CITIBANK,
                  N.A. (“Counterparty”)

              

      

       

      
        	
                Date:

              	
                August
                  15, 2007

              

      

       

      The
        purpose of this agreement is to set forth the terms and conditions of the
        Swap
        Transaction entered into between us on the Trade Date specified below (the
        “Swap Transaction”). This letter constitutes a “Confirmation” relating
        to an ISDA Master Agreement, as defined below.

       

      
        	
                1.

              	
                Confirmation.  This
                  Confirmation will be governed by and subject to the terms and conditions
                  which would be applicable if, prior to the Trade Date, the parties
                  had
                  executed and delivered an ISDA Master Agreement (Multicurrency-Cross
                  Border), in the form published by ISDA in 1992 (the “Master
                  Agreement”) between the Issuer and Counterparty with the Schedule
                  attached hereto representing the Schedule to the Master Agreement
                  and the
                  modifications provided below, and relating to the $315,000,000
                  6.15% Class
                  2007-A3 Notes of June 2037 (Legal Maturity Date June 2039) of the
                  Citiseries issued on the date hereof (the “Reference Class 2007-A3
                  Notes”). All provisions that would be contained or incorporated
                  by
                  reference in the Master Agreement will govern this Confirmation
                  except as
                  expressly modified below. In the event of any inconsistency between
                  provisions in the Master Agreement and provisions in this Confirmation,
                  this Confirmation will govern.

              

      

       

      The
        definitions and provisions contained in the 2000 ISDA Definitions (including
        the
        Annex thereto) and the 1998 ISDA Currency Option Definitions are incorporated
        into this Confirmation.  In the event of any inconsistency between
        those definitions and provisions and this Confirmation, this Confirmation
        will
        govern.

       

      This
        Confirmation will be governed by and construed in accordance with the laws
        of
        the State of New York, without reference to choice of law doctrine.

       

      Each
        party represents to the other that it has entered into this Transaction in
        reliance upon such tax, accounting, regulatory, legal and financial advice
        as it
        deems necessary and not upon any view expressed by the other.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                2.

              	
                Terms.  The
                  terms of the particular Swap Transaction to which this Confirmation
                  relates are as follows:

              

      

      

      
        	
                Transaction
                  Type:

              	
                Rate
                  Swap Transaction

                 

              
	 
	
                Notional
                  Amount:

              	
                With
                  respect to each Calculation Period, the Outstanding Dollar Principal
                  Amount of the Reference Class 2007-A3 Notes as of the first day
                  of such
                  Calculation Period (after giving effect to any distribution of
                  principal
                  in respect of the Reference Class 2007-A3 Notes on such
                  day).

              
	
                Trade
                  Date:

              	
                August
                  7, 2007

              
	
                Effective
                  Date:

              	
                August
                  15, 2007

              
	
                Termination
                  Date:

              	
                The
                  earlier of (a) the Expected Principal Payment Date (as defined
                  in the
                  Terms Document) and (b) the Distribution Date on which the Outstanding
                  Dollar Principal Amount of the Reference Class 2007-A3 Notes is
                  paid in
                  full

              
	
                Distribution
                  Date:

              	
                The
                  15th day of each calendar month, or if such day is not a Business
                  Day, the
                  next following Business Day, commencing September 2007

              
	
                           Upfront
                  Payment:

              	
                Upfront
                  fee of $14,191,250 to be paid by Issuer to the Counterparty on
                  the
                  Effective Date

              
	
                Fixed
                  Amounts:

              
	
                Fixed
                  Rate Payer:

              	
                Counterparty

                 

              
	
                Fixed
                  Rate Payer Payment
                  Date:

              	
                One
                  Business Day before each Distribution Date, commencing September
                  2007

              
	
                Fixed
                  Rate Payer Period End
                  Date:

              	
                The
                  15th day of each calendar month commencing September 2007 determined
                  with
                  no adjustment

              
	
                Fixed
                  Amount:

              	
                For
                  the first  Distribution Date, $1,614,375.00 and for all other
                  Distribution Dates, the product of:

              
	 	
                1
                  /12

              	
                x

              	
                6.15%
                  per annum

              	
                x

              	
                the
                  Notional Amount with respect to the applicable Calculation
                  Period

              
	
                Floating
                  Amounts:

              	 
	
                Floating
                  Rate Payer:

              	
                Issuer

              
	
                Floating
                  Rate Payer Payment Date:

              	
                One
                  Business Day before each Distribution Date, commencing September
                  2007

              
	
                Floating
                  Rate Payer Period End Date:

              	
                The
                  15th day of each calendar month, commencing September 2007, and
                  subject to
                  adjustment in accordance with the Following Business Day
                  Convention

              
	
                Floating
                  Rate Option:

              	
                USD-LIBOR-BBA

              
	
                Designated
                  Maturity:

              	
                One
                  month

              
	
                Spread:

              	
                Plus
                  0.2936%; provided, however, that the per annum rate
                  (Floating Rate plus Spread) for the Initial Calculation Period
                  will be
                  5.90485%

              
	
                Initial
                  Calculation Period:

              	
                From
                  and including August 15, 2007 to but excluding September 17,
                  2007

              
	
                Floating
                  Rate Day Count Fraction:

              	
                Actual/360

              
	
                Reset
                  Dates:

              	
                Two
                  London Business Days before each Distribution Date

              
	
                Business
                  Days:

              	
                New
                  York and South Dakota

              
	 	 
	 	 

      

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      3.           Account
        Details.

      
        	
                Payments
                  to the
                  Issuer:

              	
                Citibank,
                  N.A., Corporate Trust

                ABA:  021
                  0000 89

                Ref:  CCCIT
                  2007-A3

                Attention:
                  Wafaa Orfy

                A/C:                      36114325

                Or
                  to such other account as to which the Issuer gives reasonable prior
                  notice
                  from time to time

              
	
                Payments
                  to
                  Counterparty:

              	
                Citibank,
                  N.A., New York

                ABA:021
                  0000 89

                A/C:00167679

                Financial
                  Futures Reference: M074433

                Or
                  to such other account as to which Counterparty gives reasonable
                  prior
                  notice from time to time

              
	 

      

      

      Each
        amount payable with respect to this Swap Transaction will be paid by 12:00
        p.m.,
        New York City time, on a best efforts basis, on the relevant Scheduled Payment
        Date.

       

      4.           Notices

       

      Address
        and telephone number for notices or communications to Counterparty (for
        allpurposes) shall be as specified in Part 4 of the Schedule to the Master
        Agreement.

       

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      Please
        confirm that the foregoing correctly sets forth the terms of our agreement
        by
        executing the copy of this Confirmation enclosed for that purpose and returning
        it to us.

       

      Very
        truly yours,

       

      CITIBANK,
        N.A.

       

      

      By:  /s/
        Frank A. Licciardello

      Frank
        A.
        Licciardello

      Authorized
        Signatory

      

      Accepted
        and confirmed as of

      the
        date
        first above written:

       

      CITIBANK
        CREDIT CARD ISSUANCE TRUST,

      as
        issuer
        of the 6.15% Class 2007-A3 Notes of June 2037

      (Legal
        Maturity Date June 2039) of the Citiseries

       

      
        	
                By:

              	
                Citibank
                  (South Dakota), National Association,

                as
                  Managing Beneficiary

              

      

       

      By:
        /s/ Douglas C. Morrison

      Douglas
        C. Morrison

      Vice
        President

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      $315,000,000
        6.15% Class 2007-A3 Notes of June 2037

      (Legal
        Maturity Date June 2039)

      Citiseries

       

      SCHEDULE

      

      

      to
        the

      Master
        Agreement referred to in the

      

      CONFIRMATION
        dated as of August 15, 2007

      (Deal
        Reference Number: M074433)

      

      

       

      between

       

      CITIBANK
        CREDIT CARD ISSUANCE TRUST (the “Issuer”), as issuer of the 6.15% Class
        2007-A3 Notes of June 2037

      (Legal
        Maturity Date June 2039) of the Citiseries

      and

      CITIBANK,
        N.A.  (“Counterparty”).

       

      Part
        1.  Termination Provisions.

       

      
        	
                (a)

              	
                “Specified
                  Entity” means in relation to the Issuer for the purpose
                  of:

              

      

       

      Section
        5(a)(v),                                           None

      Section
        5(a)(vi),                                           None

      Section
        5(a)(vii),                                           None

      Section
        5(b)(iv),                                           None

       

      and
        in  relation to Counterparty for the purpose of:

       

      Section
        5(a)(v),                                           None

      Section
        5(a)(vi),                                           None

      Section
        5(a)(vii),                                           None

      Section
        5(b)(iv),                                           None

       

      
        	
                (b)

              	
                “Specified
                  Transaction” will have the meaning specified in Section
                  14.

              

      

       

      
        	
                (c)

              	
                “Events
                  of Default”.  The following Events of Default will
                  not apply to the Issuer or any Credit Support Provider of the Issuer
                  and
                  the definition of “Event of Default” in Section 14 is deemed to
                  be modified accordingly:

              

      

       

      Section
        5(a)(ii), (Breach of Agreement)

      Section
        5(a)(iii), (Credit Support Default)

      Section
        5(a)(iv), (Misrepresentation)

      Section
        5(a)(v), (Default under Specified Transaction)

      Section
        5(a)(vi), (Cross Default)

      Section
        5(a)(vii), (Bankruptcy)

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                (d)

              	
                “Termination
                  Events”.  The following Termination Events, to the
                  extent Counterparty would have been the Affected Party or the Burdened
                  Party, as the case may be, will not apply and the definition of
                  “Termination Event” in Section 14 is deemed to be modified
                  accordingly:

              

      

       

      Section
        5(b)(ii), (Tax Event)

      Section
        5(b)(iii), (Tax Event Upon Merger)

      Section
        5(b)(iv), (Credit Event Upon Merger)

       

      
        	
                (e)

              	
                The
                  “Automatic Early Termination” provision of
                  Section 6(a) will not apply to the Issuer or
                  Counterparty.

              

      

       

      
        	
                (f)

              	
                Payments
                  on Early Termination, Unpaid
                  Amounts  Notwithstanding any provision to the
                  contrary in this Agreement, upon the occurrence of an Early Termination
                  Date in respect of one or more outstanding Transactions, the provisions
                  of
                  Sections 6(d)(i) (to the extent they relate to obtaining Market
                  Quotations) and 6(e)(i), (ii) and (iv) will not apply, but Unpaid
                  Amounts
                  will still be owed.

              

      

       

      Part
        2.  Tax Representations.

       

      
        	
                (a)

              	
                Payer
                  Representations.  For the purpose of Section 3(e),
                  each of the Issuer and Counterparty represents that it is not required
                  by
                  any applicable law, as modified by the practice of any relevant
                  governmental revenue authority, of any Relevant Jurisdiction to
                  make any
                  deduction or withholding for or on account of any Tax from any
                  payment
                  (other than interest under Section 2(e), 6(d)(ii) or 6(e)) to be
                  made by
                  it to the other party under this Agreement.  In making this
                  representation, it may rely on (i) the accuracy of any representation
                  made
                  by the other party pursuant to Section 3(f), (ii) the satisfaction
                  of the
                  agreement contained in Section 4(a)(i) or 4(a)(iii) and the accuracy
                  and
                  effectiveness of any document  provided by the other party
                  pursuant to Section 4(a)(i) or 4(a)(iii) and (iii) the satisfaction
                  of the
                  agreement of the other party contained in Section 4(d), provided,
                  however, that it will not be a breach of this representation
                  where reliance is placed on clause (ii) and the other party does
                  not
                  deliver a form or document under Section 4(a)(iii) by reason of
                  material
                  prejudice to its legal or commercial
                  position.

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      
        	
                (b)

              	
                Payee
                  Representations.

              

      

       

      
        	
                 

              	
                (i)

              	
                Issuer
                  Representation.  For the purpose of Section 3(f),
                  the Issuer makes no
                  representations.

              

      

       

      
        	
                 

              	
                (ii)

              	
                Counterparty
                  Representation.  For the purpose of Section 3(f),
                  Counterparty makes no
                  representations.

              

      

       

      Part
        3.  Agreement to Deliver Documents.

       

      For
        the
        purpose of Sections 4(a)(i) and (ii):

       

      
        	
                (a)

              	
                Tax
                  forms, documents or certificates to be delivered
                  are:

              

      

       

      Each
        party agrees to complete, accurately and in a manner reasonably satisfactory
        to
        the other party, and to execute, arrange for any required certification of,
        and
        deliver to the other party (or to such government or taxing authority as
        the
        other party reasonably directs), any form or document that may be required
        or
        reasonably requested in order to allow the other party to make a payment
        under
        this Agreement without any deduction or withholding for or on account of
        any Tax
        or with such deduction or withholding at a reduced rate, promptly upon
        reasonable demand by the other party.

       

      
        	
                (b)

              	
                Other
                  documents to be delivered are:

              

      

       

      

      
        	
                Party
                  Required to Deliver Document

              	 	
                Form/Document/Certificate

              	 	
                Date
                  by Which

                to
                  Be Delivered

              	 	
                Covered
                  by

                Section
                  3(d)

                Representation

              
	
                Issuer
                  and Counterparty.

              	 	
                Copies
                  of all documents evidencing necessary corporate and other authorizations
                  and approvals with respect to the execution, delivery and performance
                  by
                  the party of this Agreement, each Confirmation and any applicable
                  Credit
                  Support Document.

              	 	
                Upon
                  execution of this Agreement.

              	 	
                Yes.

              
	
                Issuer
                  and Counterparty.

              	 	
                A
                  certificate of an authorized officer of the party certifying the
                  names,
                  true signatures and authority of the officers of the party signing
                  this
                  Agreement and any applicable Credit Support Document.

              	 	
                Upon
                  execution of this Agreement.

              	 	
                Yes.

              
	
                Issuer.

              	 	
                Copies
                  of Pooling and Servicing Agreement, Series 2000 Supplement, closing
                  documents delivered in connection with the issuance of the Collateral
                  Certificate, Indenture, Terms Document and closing documents delivered
                  in
                  connection with the Class 2007-A3 Notes, to the extent not previously
                  delivered to Counterparty.

              	 	
                As
                  promptly as practicable after the Trade Date.

              	 	
                No.

              

      

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      Part
        4.  Miscellaneous.

       

      
        	
                (a)

              	
                Addresses
                  for Notices.  For the purpose of Section
                  12(a):

              

      

       

      Address
        for notices or communications to the Issuer:

       

      
        	
                 

              	
                Address:

              	
                Citibank
                  Credit Card Issuance Trust

              

      

      c/o
        Citibank (South Dakota), National Association, as Managing
        Beneficiary

      701
        East
        60th Street, North

      Mail
        Code
        1251

      Sioux
        Falls, South Dakota  57117

      Attention:                                General
        Counsel

      
        	
                 

              	
                Fax:

              	
                605-330-6745

              

      

      
        	
                Telephone:

              	
                605-331-1567

              

      

       

      Address
        for notices or communications to Counterparty (for all purposes):

       

      Linda
        Cook

      Telephone:
        (212) 675 – 1627

      Citibank,
        N.A. New York

      111
        Wall
        Street

      4th
        Floor

      New
        York,
        New York  10005

      

       

                 In
        addition, in the case of notices or communications relating to

                 Section
        5, 6, 11 or 13 of this Agreement, a copy of any such notice or

                 communication
        shall be addressed to the attention of Counterparty’s legal

                 department
        as follows:

       

      
        	
                 

              	 	
                Address:

              	
                Capital
                  Markets Legal Department

              

      

      250
        West
        Street, 10th Floor,

      New
        York,
        New York 10013

      
        	
                Attention:

              	
                Derivative
                  Department Head

              

      

       

      
        	
                (b)

              	
                Process
                  Agent.  For the purpose of Section 13(c), the
                  Issuer appoints Citigroup Inc. as its Process
                  Agent.

              

      

       

      
        	
                (c)

              	
                Offices.  The
                  provisions of Section 10(a) will apply to the Issuer and
                  Counterparty.

              

      

       

      
        	
                (d)

              	
                Multibranch
                  Party.  For the purpose of Section 10(c), the
                  Issuer is not a Multibranch Party, and Counterparty is not a Multibranch
                  Party.

              

      

       

      
        	
                (e)

              	
                Calculation
                  Agent.  The Issuer will be the Calculation Agent
                  (it being understood that the Issuer has appointed Citibank (South
                  Dakota), National Association,  to perform the duties of
                  Calculation Agent hereunder).  All calculations by the
                  Calculation Agent will be made in good faith and through the exercise
                  of
                  the Calculation Agent’s commercially reasonable judgment.  All
                  such calculations will be final and binding on Counterparty absent
                  manifest error.

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      
        	
                (f)

              	
                Credit
                  Support Document and Credit Support
                  Provider.  None.

              

      

       

      
        	
                (g)

              	
                Governing
                  Law.  This Agreement will be governed by and
                  construed in accordance with the internal laws of the State of
                  New York
                  without reference to its choice of law
                  doctrine.

              

      

       

      
        	
                (h)

              	
                “Affiliate”
                  will have the meaning specified in Section
                  14.

              

      

       

      
        	
                Part
                  5.

              	
                Other
                  Provisions.

              

      

       

      
        	
                (a)

              	
                Tax
                  Treatment.  For purposes of Federal income taxes,
                  the parties agree (to the extent permitted by applicable law) to
                  treat
                  this Agreement as being entered into between Counterparty, on the
                  one
                  hand, and Citibank (South Dakota), National Association on the
                  other hand;
                  provided that Counterparty’s compliance with the terms of this
                  Agreement and any Confirmation shall not be deemed to violate this
                  provision.

              

      

       

      
        	
                (b)

              	
                Definitions.  The
                  applicability of the 2000 ISDA Definitions (including the Annex
                  thereto)
                  and the 1998 ISDA FX and Currency Option Definitions to any Transaction
                  will be specified in the Confirmation for such
                  Transaction.

              

      

       

      
        	
                (c)

              	
                Waiver
                  of Jury Trial.  The following paragraph will be
                  added to this Agreement as a new Section
                  15:

              

      

       

      “15.  Jury
        Trial.  Each party hereby waives its respective right to
        jury trial with respect to any litigation arising under, or in connection
        with,
        this Agreement or any Transaction.”

       

      
        	
                (d)

              	
                Waiver
                  of Setoff.  Notwithstanding any provision of this
                  Agreement or any other existing or future agreement, each of the
                  Issuer
                  and Counterparty irrevocably waives any and all rights it may have
                  to set
                  off, net, recoup or otherwise withhold or suspend or condition
                  payment or
                  performance of any obligation between the Issuer and Counterparty
                  hereunder against any obligations between the Issuer and Counterparty
                  under any other agreements or otherwise; provided, however, that
                  nothing herein will affect the netting provisions of
                  Section 2(c).

              

      

       

      
        	
                (e)

              	
                Consent
                  to Recording.  Each party consents to the
                  monitoring or recording, at any time and from time to time, by
                  the other
                  party of any and all communications between officers or employees
                  of the
                  parties, waives any further notice of such monitoring or recording
                  and
                  agrees to notify its officers and employees of such monitoring
                  or
                  recording.

              

      

       

      
        	
                (f)

              	
                No
                  Personal Liability.  The obligations of the Issuer
                  under this Agreement are not personal obligations of the Issuer
                  Trustee or
                  the Beneficiaries and, consequently, neither the Issuer Trustee
                  nor the
                  Beneficiaries will have any personal liability for any amounts
                  required to
                  be paid by the Issuer under this
                  Agreement.

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
        	
                (g)

              	
                No
                  Petition.  Counterparty hereby agrees that it will
                  not, prior to the date which is one year and one day after the
                  date on
                  which all notes or securities issued by the Issuer have been paid
                  in full,
                  acquiesce, petition or otherwise invoke or cause the Issuer to
                  invoke the
                  process of any governmental authority for the purpose of commencing
                  or
                  sustaining a case against the Issuer under any United States Federal
                  or
                  state bankruptcy, insolvency or similar law or appointing a receiver,
                  liquidator, assignee, trustee, custodian, sequestrator or other
                  similar
                  official of the Issuer or any substantial part of its property
                  or ordering
                  the winding-up or liquidation of the
                  Issuer.

              

      

       

      
        	
                (h)

              	
                Amendment.  No
                  amendment, modification or waiver in respect of this Agreement
                  will be
                  effective unless (a) it is made in accordance with Section 9(b)
                  and (b)
                  each Rating Agency will have notified Counterparty and the Issuer
                  that
                  such amendment, modification or waiver will not result in a reduction
                  or
                  withdrawal of the rating of the obligations represented by any
                  Notes.

              

      

       

      
        	
                (i)

              	
                Capitalized
                  Terms.  Capitalized terms not otherwise defined
                  herein will, where used herein or in any Confirmation, have the
                  meanings
                  assigned to them in the Indenture and the Terms
                  Document.

              

      

       

      
        	
                (j)

              	
                Third-Party
                  Beneficiary  and Secured
                  Party.  Counterparty is a third-party beneficiary
                  of the Indenture and the Terms Document as a “Derivative
                  Counterparty”.  Counterparty is a Secured Party that is entitled
                  to the benefit of the Collateral, subject to the terms of the
                  Indenture.

              

      

       

      
        	
                (k)

              	
                Reports.  The
                  Issuer will deliver to Counterparty a copy of each report or notice
                  that
                  it delivers to the holders of the Class 2007-A3 Notes substantially
                  concurrently with the delivery of such report or notice to such
                  holders.

              

      

       

      
        	
                (l)

              	
                Consent
                  to Amendment of the Program Documents.  Before the
                  Issuer makes any amendment or supplement to the Indenture or the
                  Terms
                  Document, or consents to any amendment or supplement to the Pooling
                  and
                  Servicing Agreement or the Series 2000 Supplement that requires
                  its
                  consent, if such amendment or supplement
                  would:

              

      

       

      (i)
        adversely affect in any material respect any of Counterparty’s rights or
        obligations under this Agreement or the Transaction, or

       

      (ii)
        modify the obligations of the Issuer, which modification would impair in
        any
        material respect the ability of the Issuer to perform any of its obligations
        under this Agreement or the Transaction,

       

      the
        Issuer shall provide Counterparty with a copy of the proposed amendment or
        supplement and shall obtain the consent of Counterparty to such amendment
        or
        supplement prior to its adoption, which consent shall not be unreasonably
        delayed or withheld; provided, however, that nothing in this section
        shall require the consent of Counterparty to the following actions:

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      (a)
        the
        issuance of Notes of a new series, class or tranche, or the issuance of
        additional Notes of any outstanding series, class or tranche;

       

      (b)
        any
        amendment or supplement that affects only Notes of a tranche other than the
        Class 2007-A3 Notes;

       

      (c)
        any
        amendment or supplement to evidence the succession of another entity to the
        Issuer, and the assumption by any such successor of the covenants of the
        Issuer
        herein and therein and in the Notes; and

       

      (d)
        any
        amendment or supplement to cure any ambiguity, or to correct or supplement
        any
        provision therein which may be inconsistent with any other provision
        therein.

       

      
        	
                (m)

              	
                Transfer.  Section
                  7 is hereby amended to read in its entirety as
                  follows:

              

      

       

      
        	
                 

              	
                (i)

              	
                a
                  party may make such a transfer of this Agreement pursuant to a
                  consolidation  or  amalgamation  with, or
                  merger with or into, or transfer  of  substantially
                  all of its assets to, another entity,
                  or  an  incorporation,  reincorporation  or  reconstitution  (but
                  without  prejudice  to  any  other  right  or  remedy  under
                  this Agreement); and

              

      

       

      
        	
                 

              	
                (ii)

              	
                in
                  addition to clause (i) above, Counterparty may transfer this Agreement
                  to
                  any other of Counterparty’s offices, branches or affiliates
                  (“Transferee”); provided, however, that, (i) as
                  of the date of such transfer neither the Transferee nor Issuer
                  will be
                  required to withhold or deduct on account of Tax from any payments
                  under
                  this Agreement; (ii) a Termination Event or Event of Default does
                  not
                  occur under this Agreement as a result of such transfer; (iii)
                  Counterparty  (at its expense) will have delivered to the
                  Issuer, the Trustee and the Rating Agencies a Master Trust Tax
                  Opinion and
                  an Issuer Tax Opinion with respect to such transfer, (iv) such
                  Transferee has a rating of at least “AA” from at least one nationally
                  recognized rating agency, (v) the Issuer has received written confirmation
                  from the applicable Rating Agencies that such transfer will not
                  have a
                  Ratings Effect on any Outstanding Notes, and (vi) the Transferee
                  executes an Assumption Agreement and such other documentation as
                  shall be
                  required by Counterparty.

              

      

       

      
        	
                (n)

              	
                Relationship
                  Between Parties.  Each party will be deemed to
                  represent to the other party on the date on which it entered into
                  a
                  Transaction that:

              

      

       

      
        	
                 

              	
                (i)

              	
                Non-Reliance.  It
                  is acting for its own account, and it made its own independent
                  decisions
                  to enter into that Transaction and as to whether that Transaction
                  is
                  appropriate or proper for it based upon its own judgment and upon
                  advice
                  from such advisers as it has deemed necessary.  It is not
                  relying on any communication (written or oral) of the other party
                  as
                  investment advice or as a recommendation to enter into that Transaction;
                  it being understood that information and explanations related to
                  the terms
                  and conditions of a Transaction shall not be considered investment
                  advice
                  or a recommendation to enter into that Transaction.  No
                  communication (written or oral) received from the other party shall
                  be
                  deemed to be an assurance or guarantee as to the expected results
                  of that
                  Transaction.

              

      

       

      
        
          
          

        

        
          7

          
            
              

            

             

             

          

        

        
          
          

        

      

      
        	
                 

              	
                (ii)

              	
                Assessment
                  and Understanding.  It is capable of assessing the
                  merits of and understanding (on its own behalf or through independent
                  professional advice), and understands and accepts, the terms, conditions
                  and risks of that Transaction.  It is also capable of assuming,
                  and assumes, the risks of that
                  Transaction.

              

      

       

      
        	
                 

              	
                (iii)

              	
                Status
                  of Parties.  The other party is not acting as a
                  fiduciary for or an adviser to it in respect of that
                  Transaction.

              

      

       

      
        	
                (o)

              	
                Eligible
                  Contract Participant.  Each party hereto
                  represents to the other party on and as of the date hereof and
                  on each
                  date on which a Transaction is entered into between them, that:
                  (a) it is
                  an “eligible contract participant” within the meaning of Section 1a(12) of
                  the Commodity Exchange Act, as amended; (b) this Agreement and
                  each
                  Transaction is subject to individual negotiation by each party
                  hereto; and
                  (c) neither this Agreement nor any Transaction will be executed
                  or traded
                  on a “trading facility” within the meaning of Section 1a(33) of the
                  Commodity Exchange Act, as amended.

              

      

       

      
        	
                (p)

              	
                Severability.  In
                  the event that any one or more of the provisions contained in this
                  Agreement should be held invalid, illegal, or unenforceable in
                  any
                  jurisdiction, the validity, legality and enforceability of the
                  remaining
                  provisions contained herein shall not in any way be affected or
                  impaired
                  thereby.  The parties shall endeavor, in good faith
                  negotiations, to replace such invalid, illegal or unenforceable
                  provisions
                  with valid provisions, the economic effect of which comes as close
                  as
                  possible to that of such invalid, illegal or unenforceable
                  provisions.

              

      

      

      

       

      8termsdoc07-a4re.htm

    
 

     

     

    Exhibit
      4.1

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    Citiseries

    Class
      2007-A4 Notes

    (Issuance
      Date August 15, 2007)

    

    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, 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 an Issuer Certificate dated June 15, 2007, a
      tranche of Notes of the Citiseries designated Class 2007-A4 was established,
      of
      which $150,000,000 Outstanding Dollar Principal Amount is Outstanding (the
      "Outstanding 2007-A4 Notes").  This Issuer Certificate relates to
      additional Notes of Class 2007-A4 (hereinafter, the "New Class 2007-A4 Notes",
      and together with the Outstanding Class 2007-A4 Notes, the "Class 2007-A4
      Notes") having the following terms:

    

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

    

    Tranche
      Designation:  $225,000,000 Floating Rate Class 2007-A4 Notes
      of June 2037 (Legal Maturity Date June 2039)

    

    Currency:  The
      Class 2007-A4 Notes will be payable, and denominated, in Dollars.

    

    Denominations:  The
      New Class 2007-A4 Notes will be issuable in minimum denominations of $100,000
      and multiples of $1,000 in excess of that amount.

    

    Issuance
      Date:  August 15, 2007

    

    Initial
      Principal Amount:  $75,000,000

    

    Issue
      Price:  97.855% plus interest accrued from June 15, 2007 to
      the Issuance Date

    

    Interest
      Rate:  Interest will accrue on the New Class 2007-A4 Notes
      from June 15, 2007.  The Class 2007-A4 Notes will accrue interest with
      respect to any interest period at a per annum rate equal to the Class 2007-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 2007-A4
      Note Rate" means, with respect to the first interest period, 5.61000% per annum
      and, with respect to each interest period thereafter, a per annum rate equal
      to
      LIBOR for such interest period plus 0.25%.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    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 Reuters Screen LIBOR01 Page as of 11:00
      a.m., London time, on such date. If such rate does not appear on the Reuters
      Screen LIBOR01 Page, 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., 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).

    

    "Reuters
      Screen LIBOR01 Page" means the display page currently so designated on the
      Reuters Monitor Money Rates service (or such other page as may replace that
      page
      on that service or any successor 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 2007-A4
      Notes, or if the Class 2007-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.

    

    Additional
      Deposit to Interest Funding sub-Account: On the Issuance Date of the
      New Class 2007-A4 Notes, the Issuer will make or cause to be made a deposit
      to
      the Interest Funding sub-Account for the Class 2007-A4 Notes from the proceeds
      to the Issuer from the issuance of the New Class 2007-A4 Notes in an amount
      equal to $712,937.50.  This amount will not be subject to reallocation
      pursuant to Section 505.  Notwithstanding any provision in the
      Indenture to the contrary, the deposit targeted to be made to the Interest
      Funding sub-Account for the Class 2007-A4 Notes with respect to the New Class
      2007-A4 Notes on September 14, 2007 will be $385,687.50.

    

    Scheduled
      Interest Payment Dates:  The 15th
      day of each March,
      June, September and December, beginning September 2007.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Each
      payment of interest on the New Class 2007-A4 Notes will include all interest
      accrued from and including the preceding Interest Payment Date -- or, for the
      first interest period, from and including June 15, 2007 -- to and including
      the
      day preceding the current Interest Payment Date, plus any interest accrued
      but
      not previously paid.

    

    Expected
      Principal Payment Date:  June 15, 2037

    

    Legal
      Maturity Date:  June 15, 2039

    

    Monthly
      Principal Date:  For the month in which the Expected
      Principal Payment Date occurs, June 15, 2037, and for each other month, the
      15th 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:  $4,487,183.

    

    Required
      Subordinated Amount of Class C
      Notes:  $5,982,908.

    

    Controlled
      Accumulation Amount:  $6,250,000.

    

    Form
      of Notes:  The New Class 2007-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 2007-A4 Notes:  The Issuer may at any time
      and from time to time issue additional Class 2007-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
                2007-A4 Notes as a result of the issuance of such additional Class
                2007-A4
                Notes;

            

    

    

    
      	
               

            	
              (b)
                as of the date of issuance of the additional Class 2007-A4 Notes,
                all
                amounts due and owing to the Holders of the then outstanding Class
                2007-A4
                Notes have been paid and there is no Nominal Liquidation Amount Deficit
                with respect to the then outstanding Class 2007-A4
                Notes;

            

    

    

    
      	
               

            	
              (c)
                the additional Class 2007-A4 Notes will be fungible with the original
                Class 2007-A4 Notes for federal income tax
                purposes;

            

    

    

    
      	
               

            	
              (d)
                if Holders of the then outstanding Class 2007-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 2007-A4 Notes;
                and

            

    

    

    
      	
               

            	
              (e)
                the ratio of the Controlled Accumulation Amount to the Initial Dollar
                Principal Amount of the Class 2007-A4 Notes, including the additional
                Class 2007-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 2007-A4 Notes, excluding
                the additional Class 2007-A4
                Notes.

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    As
      of the
      date of issuance of additional Class 2007-A4 Notes, the Outstanding Dollar
      Principal Amount and Nominal Liquidation Amount of the Class 2007-A4 Notes
      will
      be increased to reflect the Initial Dollar Principal Amount of the additional
      Class 2007-A4 Notes.

    

    Any
      outstanding Class 2007-A4 Notes and any additional Class 2007-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

    

    Business
      Day: means any day other than (a) a Saturday or Sunday or (b) any other
      day on which national banking associations or state banking institutions in
      New
      York, New York or South Dakota, or any other state in which the principal
      executive offices of any Additional Seller are located, are authorized or
      obligated by law, executive order or governmental decree to be
      closed.

    

    Securities
      Exchange Listing:  Application will be made to list the New
      Class 2007-A4 Notes on the Irish Stock Exchange.

    

    Provisions
      Relating to Issuance of New Class 2007-A4 Notes: The New Class 2007-A4
      Notes are part of the Class 2007-A4 Notes, and the Outstanding Class 2007-A4
      Notes and the New Class 2007-A4 Notes together constitute a single tranche
      of
      Class 2007-A4 Notes and will be equally and ratably entitled to the benefits
      of
      the Indenture without preference, priority or distinction.  The New
      Class 2007-A4 Notes are fungible with the Outstanding Class 2007-A4 Notes and
      are intended to trade interchangeably with the Outstanding Class 2007-A4
      Notes.

    

    The
      Initial Dollar Principal Amount of the New Class 2007-A4 Notes is $75,000,000,
      and, after giving effect to the issuance of the New Class 2007-A4 Notes, the
      Initial Dollar Principal Amount of the Class 2007-A4 Notes will be the sum
      of
      the Initial Dollar Principal Amounts of the Outstanding Class 2007-A4 Notes
      and
      the New Class 2007-A4 Notes.

    

    The
      Nominal Liquidation Amount of the New Class 2007-A4 Notes is $75,000,000, and,
      after giving effect to the issuance of the New Class 2007-A4 Notes, the Nominal
      Liquidation Amount of the Class 2007-A4 Notes will be the sum of the Nominal
      Liquidation Amounts of the Outstanding Class 2007-A4 Notes and the New Class
      2007-A4 Notes.

    

    The
      Controlled Accumulation Amount of the New Class 2007-A4 Notes is $6,250,000,
      and, after giving effect to the issuance of the New Class 2007-A4 Notes, the
      Controlled Accumulation Amount of the Class 2007-A4 Notes will be the sum of
      the
      Controlled Accumulation Amounts of the Outstanding Class 2007-A4 Notes and
      the
      New Class 2007-A4 Notes.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    The
      Required Subordinated Amount of Class B Notes for the New Class 2007-A4 Notes
      is
      $4,487,183, and, after giving effect to the issuance of the New Class 2007-A4
      Notes, the Required Subordinated Amount of Class B Notes for the Class 2007-A4
      Notes will be the sum of the Required Subordinated Amounts of Class B Notes
      for
      the Outstanding Class 2007-A4 Notes and the New Class 2007-A4
      Notes.  The Required Subordinated Amount of Class C Notes for the New
      Class 2007-A4 Notes is $5,982,908, and, after giving effect to the issuance
      of
      the New Class 2007-A4 Notes, the Required Subordinated Amount of Class C Notes
      for the Class 2007-A4 Notes will be the sum of the Required Subordinated Amounts
      of Class C Notes for the Outstanding Class 2007-A4 Notes and the New Class
      2007-A4 Notes.

    

    This
      Issuer Certificate and the Issuer Certificate relating to the Outstanding Class
      2007-A4 Notes together constitute the terms document for the Class 2007-A4
      Notes.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    The
      New
      Class 2007-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:  August
      15, 2007

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    Citiseries

    Class
      2007-A4 Notes

    (Issuance
      Date August 15, 2007)

    

    Reference
      is made to 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 October 25, 2006. The resolutions authorize
      Citibank (South Dakota) 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 $125,000,000,000 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 the
      Citibank (South Dakota) Pricing and Loan Committee (the "Pricing and Loan
      Committee").

    

    The
      undersigned, a duly authorized member of the Pricing and Loan Committee, on
      behalf of such Pricing and Loan Committee, does hereby certify that the terms
      of
      the New Class 2007-A4 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 the New Class 2007-A4 Notes have been approved
      by
      such Pricing and Loan Committee:

    

    Issue
      Price:  97.855% plus interest accrued from June 15, 2007 to the
      Issuance Date

    

    Underwriting
      Commission:  0.725%

     

    
      	
               

            	
              Proceeds
                to Issuer:  97.130% plus interest accrued from June 15, 2007 to
                the Issuance
                Date

            

    

     

    Representative
      of the Underwriters:  Citigroup Global Markets 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).

    

    

    /s/
      Douglas C. Morrison

    _____________________________

    Douglas
      C. Morrison

    Member
      of
      the Pricing and Loan Committee

    Citibank
      (South Dakota), National Association

    

    

    Dated:  August
      15, 2007

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    Exhibit
      A

    

    FORM
      OF

    

    CITISERIES

    

    FLOATING
      RATE CLASS 2007-A4 NOTES OF JUNE 2037

    (Legal
      Maturity Date June 2039)

    

    

    
      	
              $75,000,000

            	 	
              REGISTERED

            
	
              CUSIP
                No. 17305E DU 6

            	 	
              No.
                R-2

            

    

    

    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 2007-A4 NOTES OF JUNE 2037

    (Legal
      Maturity Date June 2039)

    

    

    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 SEVENTY-FIVE MILLION DOLLARS ($75,000,000).  The
      Expected Principal Payment Date for this Note is June 15, 2037.  The
      Legal Maturity Date for this Note is June 15, 2039.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    The
      Issuer hereby promises to pay interest on this Note on the 15th day of
      each March,
      June, September and December, beginning September 2007, 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 2007-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 2007-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 2007-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, as Trustee. For purposes of this Note, the term "Indenture" includes
      any supplemental indenture or Issuer Certificate relating to the Citiseries,
      Class 2007-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 Seller 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

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    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:  August
      15, 2007

    

    

    

    

    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:  August
      15, 2007

    

    

    

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    REVERSE
      OF NOTE

    

    This
      Note
      is one of a duly authorized issue of Notes of the Issuer, designated as its
      Citiseries Floating Rate Class 2007-A4 Notes of June 2037 (Legal Maturity Date
      June 2039) (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, Citibank (South Dakota), 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 Citibank (South Dakota) 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.

    

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    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.

    

    

    

    

    5

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