0001019965-01-500094.txt : 20011008
0001019965-01-500094.hdr.sgml : 20011008
ACCESSION NUMBER: 0001019965-01-500094
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010521
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20010920
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BANC ONE HELOC TRUST 1998-1
CENTRAL INDEX KEY: 0001072690
STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189]
IRS NUMBER: 361248602
STATE OF INCORPORATION: OH
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-03911-10
FILM NUMBER: 1741302
BUSINESS ADDRESS:
STREET 1: C/O THE FIRST NATIONAL BANK OF CHICAGO
STREET 2: 9TH FL 1 N STATE STREET
CITY: CHICAGO
STATE: IL
ZIP: 60670-0126
BUSINESS PHONE: 3124071902
MAIL ADDRESS:
STREET 1: C/O FIRST NATIONAL BANK OF CHICAGO
STREET 2: ONE FIRST NATIONAL PLAZA
CITY: CHICAGO
STATE: IL
ZIP: 60670-0126
8-K
1
o901.txt
0901 BANC 981 8K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report (date of earliest event reported) September 20, 2001
BANC ONE HELOC TRUST 1998-1
(Exact name of registrant as specified in its charter)
United States 333-03911-01 36-1248602
(State or Other (Commission File (I.R.S. Employer
Jurisdiction Number) Identification No.)
of Incorporation)
c/o Bank One, National Association
Corporate Trust Services Division - 9th floor 1 N. State Street,
Chicago IL
(Address of Principal Executive Offices)
60670-0126
(Zip Code)
Registrant's telephone number, including area code: 312-336-9730
Item 5. Other Events
On behalf of Banc One HELOC Trust 1998-1, a Trust created pursuant to the
Pooling Agreement, dated August 31, 1998, the Paying Agent has caused to
be filed with the Commission, the Monthly Report dated September 20, 2001.
The Monthly Report is filed pursuant to and in accordance with (1) numerous
no-action letters (2) current Commission policy in the area. The filing of the
Monthly Report will occur subsequent to each monthly distribution to the
holders of the Trust's Investor Certificates.
A. Monthly Report Information: Aggregate distribution information
for the current distribution date September 20, 2001.
Principal Interest Ending Balance
Cede & Co. $14,457,463.55 $1,286,948.89 $372,724,219.60
B. No delinquency in payment under the Transferor Certificate, or
the MBIA Insurance Policy has occurred.
C. Have any deficiencies occurred? NO. Date: Amount:
D. Were any amounts paid or are any amounts payable under the
MBIA Insurance Policy? NO Amount:
E. Are there any developments with respect to the MBIA Insurance
Policy? NONE.
F. Item 1: Legal Proceedings: NONE
G. Item 2: Changes in Securities: NONE
H. Item 4: Submission of Matters to a Vote of Security Holders: NONE
I. Item 5: Other Information - Items 1, 2, 4, 5 if applicable: NOT
APPLICABLE
Item 7. Monthly Statements and Exhibits
Exhibit No. 1. Monthly Statement to Certificateholders dated September 20, 2001
Statement to Certificateholders (Page 1 of 2)
Distribution Date: 9/20/01
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY
(PER $1000 ORIGINAL PRINCIPAL AMOUNT)
A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS
Investor Certificate Interest Distributed 1.514058
Investor Certificate Interest Shortfall Distributed 0.000000
Remaining Unpaid Investor Certificate Interest Shortfall 0.000000
Managed Amortization Period ? (Yes=1; No=0) 1
Investors Certificate Principal Distributed 17.008781
Principal Distribution Amount 17.172198
Maximum Principal Payment 24.912838
Alternative Principal Payment 17.172198
Principal Collections less Additional Balances 17.172198
Investor Loss Amount Distributed to Investors 0.228089
Accelerated Principal Distribution Amount -0.391506
Credit Enhancement Draw Amount 0.00
Total Amount Distributed to Certificateholders (P & I) 18.522838
B. INVESTOR CERTIFICATE PRINCIPAL BALANCE
Beginning Investor Certificate Balance 387,181,683.14
Ending Investor Certificate Balance 372,724,219.60
Beginning Invested Amount 396,093,793.50
Ending Invested Amount 381,303,549.46
Investor Certificateholder Floating Allocation Percentage 95.8480%
Pool Factor 0.4384991
Liquidation Loss Amount for Liquidated Loans 202,274.40
Unreimbursed Liquidation Loss Amount 0.00
C. POOL INFORMATION
Beginning Pool Balance 413,251,841.43
Ending Pool Balance 398,453,199.04
Servicing Fee 172,188.27
D. INVESTOR CERTIFICATE RATE
Investor Certificate Rate 3.860000%
LIBOR Rate 3.610000%
Maximum Rate 7.293400%
E. DELINQUENCY & REO STATUS
Delinquent 30-59 days
No. of Accounts 168
Trust Balances 5,222,009.00
Delinquent 60-89 days
No. of Accounts 56
Trust Balances 1,784,784.00
Delinquent 90+ days
No. of Accounts 111
Trust Balances 4,170,092.00
Delinquent 9+ Months
No. of Accounts 0
Trust Balances 0.00
REO
No. of Accounts 0
Trust Balances 0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date: 9/20/01
IN WITNESS WHEREOF, the undersigned has caused this Certificate
to be duly executed and certifies to the best of her knowledge and
belief that information is true and correct this 17th day of September, 2001
Bank One, N.A.
as Servicer
/s/ Tracie Klein
_______________________________________
Tracie Klein
Vice President
Distribution List:
" Keith Richardson - Bank One, N.A."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BANC ONE HELOC TRUST 1998-1
By /s/ Keith Richardson
Name: Keith Richardson
Dated September 20, 2001