8-K 1 o103.txt BANK ONE 99-1 8K 01-2003 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): January 21, 2003 BANC ONE HELOC TRUST 1999-1 (Exact name of registrant as specified in its charter) United States 333-59845-01 36-7282500 (State or Other (Commission File (I.R.S Employer Jurisdiction of Number) Identification Incorporation Number) c/o Bank One, National Association Corporate Trust Services Division - 1 N. State Street, 9th Floor Chicago IL (Address of Principal Executive Offices) 60670 (Zip Code) Registrant's telephone number, including area code: 312-336-9730 Item 5. Other Events On behalf of Banc One HELOC Trust 1999-1, a Trust created pursuant to the Pooling Agreement, dated May 31, 1999, the Paying Agent has caused to be filed with the Commission, the Monthly Report dated January 21, 2003. 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 January 21, 2003. Principal Interest Ending Balance Cede & Co. $6,974,841.63 $ 263,290.27 $185,032,449.14 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 January 21, 2003 Statement to Certificateholders (Page 1 of 2) Distribution Date: 1/21/03 INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000 ORIGINAL PRINCIPAL AMOUNT) A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS Investor Certificate Interest Distributed 0.526581 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 13.949683 Principal Distribution Amount 14.263698 Maximum Principal Payment 20.721646 Alternative Principal Payment 14.263698 Principal Collections less Additional Balances 14.263698 Investor Loss Amount Distributed to Investors 0.154579 Accelerated Principal Distribution Amount -0.468594 Credit Enhancement Draw Amount 0.00 Total Amount Distributed to Certificateholders (P & I) 14.476264 B. INVESTOR CERTIFICATE PRINCIPAL BALANCE Beginning Investor Certificate Balance 176,310,451.56 Ending Investor Certificate Balance 169,335,609.94 Beginning Invested Amount 182,233,024.87 Ending Invested Amount 175,023,886.24 Investor Certificateholder Floating Allocation Percentage 94.7917% Pool Factor 0.3386712 Liquidation Loss Amount for Liquidated Loans 81,536.37 Unreimbursed Liquidation Loss Amount 0.00 C. POOL INFORMATION Beginning Pool Balance 192,245,834.46 Ending Pool Balance 185,032,449.14 Servicing Fee 80,102.43 D. INVESTOR CERTIFICATE RATE Investor Certificate Rate 1.680000% LIBOR Rate 1.420000% Maximum Rate 4.453671% E. DELINQUENCY & REO STATUS Delinquent 30-59 days No. of Accounts 93 Trust Balances 2,702,062.25 Delinquent 60-89 days No. of Accounts 33 Trust Balances 729,065.78 Delinquent 90+ days No. of Accounts 90 Trust Balances 3,492,078.20 Delinquent 9+ Months No. of Accounts 0 Trust Balances 0 REO No. of Accounts 0 Trust Balances 0.00 IN WITNESS WHEREOF, the undersigned has caused this Certificate to be duly executed and certifies to the best of his knowledge and belief that information is true and correct this 15th day of January, 2003 Bank One, N.A. as Servicer /s/ Michael J. Grubb _______________________________________ Michael J. Grubb First 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 1999-1 By: /s/ Keith Richardson Name: Keith Richardson Dated January 21, 2003