Document:

Terms Document 2003-C3

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    Citiseries

    Class
      2003-C3 Notes

    

    Issuer
      Certificate

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

    

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

    

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

    

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

    

    Tranche
      Designation:
      $150,000,000 4.45% Class 2003-C3 Notes of April 2008 (Legal Maturity Date April
      2010) (hereinafter, the "Class 2003-C3 Notes")

    

    Currency:
      The
      Class 2003-C3 Notes will be payable, and denominated, in Dollars. 

    

    Issuance
      Date:
      April
      1, 2003

    

    Initial
      Principal Amount:
      $150,000,000

    

    Issue
      Price:
      99.8520% 

    

    Interest
      Rate:
      4.45%
      per annum, calculated on the basis of a 360-day year of twelve 30-day
      months.

    

    Scheduled
      Interest Payment Dates:
      The
      7th
      day of
      each April and October, beginning October 2003.

    

    Each
      payment of interest on the Class 2003-C3 Notes will include all interest accrued
      from and including the preceding Interest Payment Date -- or, for the first
      interest period, from and including the Issuance Date -- to and including the
      day preceding the current Interest Payment Date, plus any interest accrued
      but
      not previously paid.

    

    The
      first
      deposit targeted to be made to the Interest Funding sub-Account for the Class
      2003-C3 Notes will be on the May 7, 2003 Interest Deposit Date and in an amount
      equal to $667,500.

    

    Expected
      Principal Payment Date:
      April
      7, 2008

    

    Legal
      Maturity Date:
      April
      7, 2010

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Monthly
      Principal Date:
      For the
      month in which the Expected Principal Payment Date occurs, April 7, 2008, and
      for each other month, the 7th
      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:
      Not
      Applicable

    

    Required
      Subordinated Amount of Class C Notes:
      Not
      Applicable

    

    Controlled
      Accumulation Amount:
      Not
      Applicable

    

    Form
      of Notes:
      The
      Class 2003-C3 Notes will be issued as Global Notes. The Global Notes will
      initially be registered in the name of Cede & Co., as nominee of The
      Depository Trust Company, and will be exchangeable for individual Notes only
      in
      accordance with the provisions of Section 204(c).

    

    Additional
      Issuances of Class 2003-C3 Notes:
      The
      Issuer may at any time and from time to time issue additional Class 2003-C3
      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 Outstanding Class 2003-C3 Notes as
      a
      result of the issuance of such additional Class 2003-C3 Notes;

    

    (b)
      as of
      the date of issuance of the additional Class 2003-C3 Notes, all amounts due
      and
      owing to the Holders of the Outstanding Class 2003-C3 Notes have been paid
      and
      there is no Nominal Liquidation Amount Deficit with respect to the Outstanding
      Class 2003-C3 Notes;

    

    (c)
      the
      additional Class 2003-C3 Notes will be fungible with the Outstanding Class
      2003-C3 Notes for federal income tax purposes; and

    

    (d)
      if
      Holders of the Outstanding Class 2003-C3 Notes have benefit of a Derivative
      Agreement, the Issuer will have obtained a Derivative Agreement for the benefit
      of the Holders of the additional Class 2003-C3 Notes.

    

    As
      of the
      date of issuance of additional Class 2003-C3 Notes, the Outstanding Dollar
      Principal Amount and Nominal Liquidation Amount of the Class 2003-C3 Notes
      will
      be increased to reflect the Initial Dollar Principal Amount of the additional
      Class 2003-C3 Notes. 

    

    The
      Outstanding Class 2003-C3 Notes and any additional Class 2003-C3 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

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Securities
      Exchange Listing:
      Application will be made to list the Class 2003-C3 Notes on the Luxembourg
      Stock
      Exchange.

    

    Class
      C Reserve Account - Targeted Deposits:

    

    For
      any
      Due Period, the targeted deposit to the Class C Reserve sub-Account for the
      Class 2003-C3 Notes pursuant to Sections 501(d) and 518(a) will be determined
      with reference to the table below. The left column of the table sets forth
      the
      level of Surplus Finance Charge Collections, expressed as a percentage of
      Principal Receivables in the Master Trust
      allocable to the Collateral Certificate.
      The
      right column sets forth the percentage of the aggregate Outstanding Dollar
      Principal Amount of Notes in the Citiseries that, when multiplied by the ratio
      which the Nominal Liquidation Amount of the Class 2003-C3 Notes bears to the
      aggregate Nominal Liquidation Amount of all Class C Notes in the Citiseries,
      will be required to be deposited in the Class C Reserve
      sub-Account.

    

    Percentage
      of Surplus Finance Charge      Percentage
      of aggregate 

    Collections,
      averaged over the       Outstanding
      Dollar Principal Amount

    three
      most recent Due Periods       of
      Notes in the Citiseries

    

    Greater
      than 4.50%         
      0%

    Between
      4.50% and 4.01%        1.00%

    Between
      4.00% and 3.51%        1.50%

    Between
      3.50% and 2.51%        2.50%

    Between
      2.50% and 1.51%        4.00%

    Between
      1.50% and 0.01%        6.00%

    0.00%
      or
      less             7.00%

    

    On
      each
      Monthly Interest Date, the targeted deposit to the Class C Reserve sub-Account
      for the Class 2003-C3 Notes will equal the Dollar amount, if any, determined
      with reference to the table above minus
      (x) any
      amount then on deposit in such Class C Reserve sub-Account (after giving effect
      to any distributions in respect of the Class 2003-C3 Notes to be made from
      that
      sub-Account on that date) and (y) the aggregate amount of distributions in
      respect of the Class 2003-C3 Notes made from that sub-Account since the Issuance
      Date.

    

    If
      an
      Early Redemption Event or Event of Default occurs with respect to the Class
      2003-C3 Notes, the targeted deposit to the Class C Reserve sub-Account for
      each
      Monthly Interest Date occurring thereafter will be an amount equal to the
      product of (a) the greater of (i) 7.00% of the aggregate Outstanding Dollar
      Principal Amount of all Notes in the Citiseries and (ii) $4,500,000 and (b)
      the
      ratio which the Nominal Liquidation Amount of the Class 2003-C3 Notes bears
      to
      the aggregate Nominal Liquidation Amount of all Class C Notes in the Citiseries,
      minus
      (x) any
      amount then on deposit in such Class C Reserve sub-Account (after giving effect
      to any distributions in respect of the Class 2003-C3 Notes to be made from
      that
      sub-Account on that date) and (y) the aggregate amount of distributions in
      respect of the Class 2003-C3 Notes made from that sub-Account since the Issuance
      Date.

    

    If
      for
      any Monthly Interest Date the targeted deposit to the Class C Reserve
      sub-Account for the Class 2003-C3 Notes is a negative amount no deposit will
      be
      made to such sub-Account, and a withdrawal from the Class C Reserve sub-Account
      will be made in accordance with Section 519 in an amount equal to the lesser
      of
      the absolute value of such negative amount and the amount then on deposit in
      such sub-Account.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    The
      Class
      2003-C3 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:
      April 1, 2003

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    Citiseries

    Class
      2003-C3 Notes

    

    

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

    

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

    

    Price
      to
      Public: 99.852%

    

    Underwriting
      Commission: 0.375%

    

    Proceeds
      to Issuer: 99.477%

    

    Representative
      of the Underwriters: Salomon Smith Barney Inc.

    

    

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

    

    

    
      	
              /s/
                Douglas C. Morrison

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

            	
              /s/
                Robert D. Clark

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

            
	
              Douglas
                C. Morrison

            	
              Robert
                D. Clark

            
	
              Member
                of the Pricing and Loan Committee

            	
              Member
                of the Pricing and Loan Committee

            
	
              Citibank
                (South Dakota), National Association

            	
              Citibank
                (Nevada), National Association

            

    

    

    

    Dated:
      April 1, 2003

    

    
      
        
          

          

        

         

      

      
        5

        
          

        

      

      
         

        
        

      

    

    Exhibit
      A

    

    FORM
      OF

    

    CITISERIES

    

    4.45%
      CLASS 2003-C3 NOTE OF APRIL 2008

    (Legal
      Maturity Date April 2010)

    

    

    $150,000,000         REGISTERED

    CUSIP
      No.
      17305E BQ 7       No.
      R-1

    

    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

    

    4.45%
      CLASS 2003-C3 NOTE OF APRIL 2008

    (Legal
      Maturity Date April 2010)

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST, a trust formed and existing under the laws of the
      State of Delaware (including any successor, the "Issuer"), for value received,
      hereby promises to pay to CEDE & CO., or its registered assigns, the
      principal amount of ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000). The
      Expected Principal Payment Date for this Note is April 7, 2008. The Legal
      Maturity Date for this Note is April 7, 2010.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    The
      Issuer hereby promises to pay interest on this Note at the rate of 4.45% per
      annum on the 7th
      day of
      each April and October, beginning October 2003, until the principal of this
      Note
      is paid or made available for payment, subject to certain limitations set forth
      in the Indenture. Interest will accrue on the 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 April 1, 2003 and be computed on the basis of a
      360-day year of twelve 30-day months.

    

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

    

    This
      Note
      is one of the Citiseries Class 2003-C3 Notes issued pursuant to the Indenture,
      dated as of September 26, 2000 (as amended and otherwise modified from time
      to
      time, the "Indenture") between the Issuer and Deutsche Bank Trust Company
      Americas (formerly Bankers Trust Company), as Trustee. For purposes of this
      Note, the term "Indenture" includes any supplemental indenture or Issuer
      Certificate relating to the Citiseries Class 2003-C3 Notes. This Note is subject
      to all of the terms of the Indenture. All terms used in this Note that are
      not
      otherwise defined herein and that are defined in the Indenture will have the
      meanings assigned to them therein.

    

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

    

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

    

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

    

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

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

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

    

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

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    By: CITIBANK
      (SOUTH DAKOTA),

    NATIONAL
      ASSOCIATION,

    as
      Managing Beneficiary of

    Citibank
      Credit Card Issuance Trust

    

    

    By:
      __________________________________

    Douglas
      C. Morrison

    Vice
      President

    

    Dated:
      April 1, 2003

    

    

    

    

    

    TRUSTEE'S
      CERTIFICATE OF AUTHENTICATION

    

    

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

    

    

    DEUTSCHE
      BANK TRUST COMPANY AMERICAS,

    as
      Trustee under the Indenture

    

    By:
      _________________________________

    Authorized
      Signatory

    

    

    Dated:
      April 1, 2003

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    REVERSE
      OF NOTE

    

    This
      Note
      is one of a duly authorized issue of Notes of the Issuer, designated as its
      Citiseries 4.45% Class 2003-C3 Notes of April 2008 (Legal Maturity Date April
      2010) (herein called the "Notes"), all issued under an Indenture, to which
      Indenture reference is hereby made for a statement of the respective rights
      and
      obligations thereunder of the Issuer, the Trustee and the Holders of the
      Notes.

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    ASSIGNMENT

    

    

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

    

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

    

    ___________________________________________________________________

    

    ___________________________________________________________________

    (name
      and
      address of assignee)

    

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

    

    Dated:
      ____________________________ _________________________*

    Signature
      Guaranteed:

    

    

    

    

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

    *
      NOTE:
      The signature to this assignment must correspond with the name of the registered
      owner as it appears on the face of the within Note in every particular without
      alteration, enlargement or any change whatsoever.Terms Document 2003-C4

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    Citiseries

    Class
      2003-C4 Notes

    

    Issuer
      Certificate

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

    

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

    

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

    

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

    

    Tranche
      Designation:
      $300,000,000 5.00% Class 2003-C4 Notes of June 2013 (Legal Maturity Date June
      2015) (hereinafter, the "Class 2003-C4 Notes")

    

    Currency:
      The
      Class 2003-C4 Notes will be payable, and denominated, in Dollars. 

    

    Issuance
      Date:
      June
      13, 2003

    

    Initial
      Principal Amount:
      $300,000,000

    

    Issue
      Price:
      99.899%

    

    Interest
      Rate:
      5.00%
      per annum, calculated on the basis of a 360-day year of twelve 30-day
      months.

    

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

    

    Each
      payment of interest on the Class 2003-C4 Notes will include all interest accrued
      from and including the preceding Interest Payment Date -- or, for the first
      interest period, from and including the Issuance Date -- to and including the
      day preceding the current Interest Payment Date, plus any interest accrued
      but
      not previously paid.

    

    The
      first
      deposit targeted to be made to the Interest Funding sub-Account for the Class
      2003-C4 Notes will be on the July 10, 2003 Interest Deposit Date and in an
      amount equal to $1,125,000.

    

    Expected
      Principal Payment Date:
      June
      10, 2013

    

    Legal
      Maturity Date:
      June
      10, 2015

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Monthly
      Principal Date:
      For the
      month in which the Expected Principal Payment Date occurs, June 10, 2013, and
      for each other month, the 10th
      day of
      such month, or if such day is not a Business Day, the next following Business
      Day.

    

    Required
      Subordinated Amount of Class B Notes:
      Not
      Applicable

    

    Required
      Subordinated Amount of Class C Notes:
      Not
      Applicable

    

    Controlled
      Accumulation Amount:
      Not
      Applicable

    

    Form
      of Notes:
      The
      Class 2003-C4 Notes will be issued as Global Notes. The Global Notes will
      initially be registered in the name of Cede & Co., as nominee of The
      Depository Trust Company, and will be exchangeable for individual Notes only
      in
      accordance with the provisions of Section 204(c).

    

    Additional
      Issuances of Class 2003-C4 Notes:
      The
      Issuer may at any time and from time to time issue additional Class 2003-C4
      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 Outstanding Class 2003-C4 Notes as
      a
      result of the issuance of such additional Class 2003-C4 Notes;

    

    (b)
      as of
      the date of issuance of the additional Class 2003-C4 Notes, all amounts due
      and
      owing to the Holders of the Outstanding Class 2003-C4 Notes have been paid
      and
      there is no Nominal Liquidation Amount Deficit with respect to the Outstanding
      Class 2003-C4 Notes;

    

    (c)
      the
      additional Class 2003-C4 Notes will be fungible with the Outstanding Class
      2003-C4 Notes for federal income tax purposes; and

    

    (d)
      if
      Holders of the Outstanding Class 2003-C4 Notes have benefit of a Derivative
      Agreement, the Issuer will have obtained a Derivative Agreement for the benefit
      of the Holders of the additional Class 2003-C4 Notes.

    

    As
      of the
      date of issuance of additional Class 2003-C4 Notes, the Outstanding Dollar
      Principal Amount and Nominal Liquidation Amount of the Class 2003-C4 Notes
      will
      be increased to reflect the Initial Dollar Principal Amount of the additional
      Class 2003-C4 Notes. 

    

    The
      Outstanding Class 2003-C4 Notes and any additional Class 2003-C4 Notes will
      be
      equally and ratably entitled to the benefits of the Indenture without
      preference, priority or distinction.

    

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

    

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

    

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

    

    Securities
      Exchange Listing:
      Application will be made to list the Class 2003-C4 Notes on the Luxembourg
      Stock
      Exchange.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    Class
      C Reserve Account - Targeted Deposits:

    

    For
      any
      Due Period, the targeted deposit to the Class C Reserve sub-Account for the
      Class 2003-C4 Notes pursuant to Sections 501(d) and 518(a) will be determined
      with reference to the table below. The left column of the table sets forth
      the
      level of Surplus Finance Charge Collections, expressed as a percentage of
      Principal Receivables in the Master Trust
      allocable to the Collateral Certificate.
      The
      right column sets forth the percentage of the aggregate Outstanding Dollar
      Principal Amount of Notes in the Citiseries that, when multiplied by the ratio
      which the Nominal Liquidation Amount of the Class 2003-C4 Notes bears to the
      aggregate Nominal Liquidation Amount of all Class C Notes in the Citiseries,
      will be required to be deposited in the Class C Reserve
      sub-Account.

    

    Percentage
      of Surplus Finance Charge      Percentage
      of aggregate 

    Collections,
      averaged over the       Outstanding
      Dollar Principal Amount

    three
      most recent Due Periods       of
      Notes in the Citiseries

    

    Greater
      than 4.50%         
      0%

    Between
      4.50% and 4.01%        1.00%

    Between
      4.00% and 3.51%        1.50%

    Between
      3.50% and 2.51%        2.50%

    Between
      2.50% and 1.51%        4.00%

    Between
      1.50% and 0.01%        6.00%

    0.00%
      or
      less             7.00%

    

    On
      each
      Monthly Interest Date, the targeted deposit to the Class C Reserve sub-Account
      for the Class 2003-C4 Notes will equal the Dollar amount, if any, determined
      with reference to the table above minus
      (x) any
      amount then on deposit in such Class C Reserve sub-Account (after giving effect
      to any distributions in respect of the Class 2003-C4 Notes to be made from
      that
      sub-Account on that date) and (y) the aggregate amount of distributions in
      respect of the Class 2003-C4 Notes made from that sub-Account since the Issuance
      Date.

    

    If
      an
      Early Redemption Event or Event of Default occurs with respect to the Class
      2003-C4 Notes, the targeted deposit to the Class C Reserve sub-Account for
      each
      Monthly Interest Date occurring thereafter will be an amount equal to the
      product of (a) the greater of (i) 7.00% of the aggregate Outstanding Dollar
      Principal Amount of all Notes in the Citiseries and (ii) $4,500,000 and (b)
      the
      ratio which the Nominal Liquidation Amount of the Class 2003-C4 Notes bears
      to
      the aggregate Nominal Liquidation Amount of all Class C Notes in the Citiseries,
      minus
      (x) any
      amount then on deposit in such Class C Reserve sub-Account (after giving effect
      to any distributions in respect of the Class 2003-C4 Notes to be made from
      that
      sub-Account on that date) and (y) the aggregate amount of distributions in
      respect of the Class 2003-C4 Notes made from that sub-Account since the Issuance
      Date.

    

    If
      for
      any Monthly Interest Date the targeted deposit to the Class C Reserve
      sub-Account for the Class 2003-C4 Notes is a negative amount no deposit will
      be
      made to such sub-Account, and a withdrawal from the Class C Reserve sub-Account
      will be made in accordance with Section 519 in an amount equal to the lesser
      of
      the absolute value of such negative amount and the amount then on deposit in
      such sub-Account.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    The
      Class
      2003-C4 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:
      June 13, 2003

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    Citiseries

    Class
      2003-C4 Notes

    

    

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

    

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

    

    Price
      to
      Public: 99.899%

    

    Underwriting
      Commission: 0.525%

    

    Proceeds
      to Issuer: 99.374%

    

    Representative
      of the Underwriters: Citigroup Global Makets Inc.

    

    

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

    

    

    
      	
              /s/
                Douglas C. Morrison

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

            	
              /s/
                Robert D. Clark

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

            
	
              Douglas
                C. Morrison

            	
              Robert
                D. Clark

            
	
              Member
                of the Pricing and Loan Committee

            	
              Member
                of the Pricing and Loan Committee

            
	
              Citibank
                (South Dakota), National Association

            	
              Citibank
                (Nevada), National Association

            

    

    

    

    Dated:
      June 13, 2003

    

    
      
        
          

          

        

         

      

      
        5

        
          

        

      

      
         

        
        

      

    

    Exhibit
      A

    

    FORM
      OF

    

    CITISERIES

    

    5.00%
      CLASS 2003-C4 NOTE OF JUNE 2013

    (Legal
      Maturity Date June 2015)

    

    

    $300,000,000         REGISTERED

    CUSIP
      No.
      17305E BT 1       No.
      R-1

    

    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

    

    5.00%
      CLASS 2003-C4 NOTE OF JUNE 2013

    (Legal
      Maturity Date June 2015)

    

    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 MILLION DOLLARS ($300,000,000). The Expected
      Principal Payment Date for this Note is June 10, 2013. The Legal Maturity Date
      for this Note is June 10, 2015.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    The
      Issuer hereby promises to pay interest on this Note at the rate of 5.00% per
      annum on the 10th
      day of
      each June and December, beginning December 2003, until the principal of this
      Note is paid or made available for payment, subject to certain limitations
      set
      forth in the Indenture. Interest will accrue on the 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 13, 2003 and be computed on the basis of a
      360-day year of twelve 30-day months.

    

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

    

    This
      Note
      is one of the Citiseries Class 2003-C4 Notes issued pursuant to the Indenture,
      dated as of September 26, 2000 (as amended and otherwise modified from time
      to
      time, the "Indenture") between the Issuer and Deutsche Bank Trust Company
      Americas (formerly Bankers Trust Company), as Trustee. For purposes of this
      Note, the term "Indenture" includes any supplemental indenture or Issuer
      Certificate relating to the Citiseries Class 2003-C4 Notes. This Note is subject
      to all of the terms of the Indenture. All terms used in this Note that are
      not
      otherwise defined herein and that are defined in the Indenture will have the
      meanings assigned to them therein.

    

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

    

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

    

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

    

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

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

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

    

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

    

    CITIBANK
      CREDIT CARD ISSUANCE TRUST

    

    By: CITIBANK
      (SOUTH DAKOTA),

    NATIONAL
      ASSOCIATION,

    as
      Managing Beneficiary of

    Citibank
      Credit Card Issuance Trust

    

    

    By:
      __________________________________

    Douglas
      C. Morrison

    Vice
      President

    

    Dated:
      June 13, 2003

    

    

    

    

    

    TRUSTEE'S
      CERTIFICATE OF AUTHENTICATION

    

    

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

    

    

    DEUTSCHE
      BANK TRUST COMPANY AMERICAS,

    as
      Trustee under the Indenture

    

    By:
      _________________________________

    Authorized
      Signatory

    

    

    Dated:
      June 13, 2003

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    REVERSE
      OF NOTE

    

    This
      Note
      is one of a duly authorized issue of Notes of the Issuer, designated as its
      Citiseries 5.00% Class 2003-C4 Notes of June 2013 (Legal Maturity Date June
      2015) (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 C Notes of the same series, and this
      Note
      is subordinated to all Class A Notes and Class B Notes of the same series,
      as
      set forth in the Indenture. This Note is secured to the extent, and by the
      collateral, described in the Indenture.

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    ASSIGNMENT

    

    

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

    

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

    

    ___________________________________________________________________

    

    ___________________________________________________________________

    (name
      and
      address of assignee)

    

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

    

    Dated:
      ____________________________ _________________________*

    Signature
      Guaranteed:

    

    

    

    

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

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

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