-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J1sF6o7cBr4m6BzHVlM48D1c/Ovt2A0jE7W5Dztm1nLh2DJus9z/GgAIqk7IQT28 NQx9KcvOVBT+Y7An6ovJiQ== 0001019965-02-000140.txt : 20020415 0001019965-02-000140.hdr.sgml : 20020415 ACCESSION NUMBER: 0001019965-02-000140 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020320 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020322 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: 02582974 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 o302.txt BANC 98-1 8K 03-02 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) March 20, 2002 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 March 20, 2002. 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 March 20, 2002. Principal Interest Ending Balance Cede & Co. $9,512,666.50 $ 514,904.05 $305,734,709.31 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 March 20, 2002 Statement to Certificateholders (Page 1 of 2) Distribution Date: 3/20/02 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000 ORIGINAL PRINCIPAL AMOUNT) A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS Investor Certificate Interest Distributed 0.605769 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 11.191372 Principal Distribution Amount 11.136117 Maximum Principal Payment 16.886106 Alternative Principal Payment 11.136117 Principal Collections less Additional Balances 11.136117 Investor Loss Amount Distributed to Investors 0.312857 Accelerated Principal Distribution Amount -0.257602 Credit Enhancement Draw Amount 0.00 Total Amount Distributed to Certificateholders (P & I) 11.797142 B. INVESTOR CERTIFICATE PRINCIPAL BALANCE Beginning Investor Certificate Balance 315,247,375.81 Ending Investor Certificate Balance 305,734,709.31 Beginning Invested Amount 322,503,709.27 Ending Invested Amount 312,772,081.13 Investor Certificateholder Floating Allocation Percentage 94.9656% Pool Factor 0.3596879 Liquidation Loss Amount for Liquidated Loans 280,026.04 Unreimbursed Liquidation Loss Amount 0.00 C. POOL INFORMATION Beginning Pool Balance 339,600,729.18 Ending Pool Balance 329,855,003.28 Servicing Fee 141,500.30 D. INVESTOR CERTIFICATE RATE Investor Certificate Rate 2.100000% LIBOR Rate 1.850000% Maximum Rate 5.051004% E. DELINQUENCY & REO STATUS Delinquent 30-59 days No. of Accounts 156 Trust Balances 5,208,072.10 Delinquent 60-89 days No. of Accounts 74 Trust Balances 2,583,121.74 Delinquent 90+ days No. of Accounts 150 Trust Balances 5,770,488.46 Delinquent 9+ Months No. of Accounts 0 Trust Balances 0 REO No. of Accounts 0 Trust Balances 0.00 Statement to Certificateholders (Page 2 of 2) Distribution Date: 3/20/02 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 15th day of March, 2002 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 March 20, 2002 -----END PRIVACY-ENHANCED MESSAGE-----