8-K 1 w42224e8-k.txt FORM 8-K FOR CAPITAL ONE MASTER TRUST 1 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: November 15, 2000 ----------------- CAPITAL ONE MASTER TRUST CAPITAL ONE BANK (Exact name of registrant as specified in its charter) Virginia 0-25762 54-1719855 ----------------------------- ---------------- ---------------- (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 11013 West Broad Street Road, Glen Allen, Virginia 23060 -------------------------------------------------- -------------- (Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code): (804) 967-1000 (Former name or former address, if changed since last report): Not Applicable Page 1 of 43 2
ITEM 5. OTHER EVENTS ------------ The October 2000 monthly Certificateholder's Statements to investors were distributed November 15, 2000. ITEM 7 (c). EXHIBITS -------- The following are filed as exhibits to this Report under Exhibit 20: 1. October Performance Summary 2. Series 1996-1 Class A and Class B Certificateholder's Statements for the month of October 2000. 3. Series 1996-2 Class A and Class B Certificateholder's Statements for the month of October 2000. 4. Series 1996-3 Class A and Class B Certificateholder's Statements for the month of October 2000. 5. Series 1997-1 Class A and Class B Certificateholder's Statements for the month of October 2000. 6. Series 1997-2 Class A and Class B Certificateholder's Statements for the month of October 2000. 7. Series 1998-1 Class A and Class B Certificateholder's Statements for the month of October 2000. 8. Series 1998-3 Class A and Class B Certificateholder's Statements for the month of October 2000. 9. Series 1998-4 Class A and Class B Certificateholder's Statements for the month of October 2000. 10. Series 1999-1 Class A and Class B Certificateholder's Statements for the month of October 2000 11. Series 1999-2 Class A and Class B Certificateholder's Statements for the month of October 2000 12. Series 1999-3 Class A and Class B Certificateholder's Statements for the month of October 2000 13. Series 2000-1 Class A and Class B Certificateholder's Statements for the month of October 2000 14. Series 2000-2 Class A and Class B Certificateholder's Statements for the month of October 2000 15. Series 2000-3 Class A and Class B Certificateholder's Statements for the month of October 2000 16. Series 2000-4 Class A and Class B Certificateholder's Statements for the month of October 2000 17. Trust Excess Spread Analysis
Page 2 of 43 3 SIGNATURE 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 there-unto duly authorized. CAPITAL ONE MASTER TRUST By: CAPITAL ONE BANK Servicer By: /s/ David M. Willey ------------------------------ David M. Willey Senior Vice President of Corporate Financial Management Date: November 15, 2000 Page 3 of 43 4 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------------- EXHIBITS TO FORM 8-K CAPITAL ONE MASTER TRUST CAPITAL ONE BANK (Exact name of registrant as specified in its charter) Page 4 of 43 5 INDEX TO EXHIBITS
SEQUENTIALLY EXHIBIT NUMBERED NUMBER EXHIBITS PAGE ------ -------- ------------ 1 October Performance Summary 07 2 Series 1996-1 Class A and Class B Certificate- holder's Statements for the month of October 2000 09 3 Series 1996-2 Class A and Class B Certificate- holder's Statements for the month of October 2000 11 4 Series 1996-3 Class A and Class B Certificate- holder's Statements for the month of October 2000 13 5 Series 1997-1 Class A and Class B Certificate- holder's Statements for the month of October 2000 15 6 Series 1997-2 Class A and Class B Certificate- holder's Statements for the month of October 2000 17 7 Series 1998-1 Class A and Class B Certificate- holder's Statements for the month of October 2000 20 8 Series 1998-3 Class A and Class B Certificate- holder's Statements for the month of October 2000 22 9 Series 1998-4 Class A and Class B Certificate- holder's Statements for the month of October 2000 25 10 Series 1999-1 Class A and Class B Certificate- holder's Statements for the month of October 2000 28 11 Series 1999-2 Class A and Class B Certificate- holder's Statements for the month of October 2000 31 12 Series 1999-3 Class A and Class B Certificate- holder's Statements for the month of October 2000 33 13 Series 2000-1 Class A and Class B Certificate- holder's Statements for the month of October 2000 35 14 Series 2000-2 Class A and Class B Certificate-
Page 5 of 43 6 holder's Statements for the month of October 2000 37 15 Series 2000-3 Class A and Class B Certificate- holder's Statements for the month of October 2000 39 16 Series 2000-4 Class A and Class B Certificate- holder's Statements for the month of October 2000 41 17 Trust Excess Spread Analysis 43
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CAPITAL ONE MASTER TRUST (RECEIVABLES) MONTHLY PERIOD : SEPTEMBER 2000 Beginning of the Month Principal Receivables : 13,969,149,029.46 ------------------- Beginning of the Month Finance Charge Receivables : 431,645,311.75 ------------------- Beginning of the Month Discounted Receivables : 0.00 ------------------- Beginning of the Month Total Receivables : 14,400,794,341.21 ------------------- Removed Principal Receivables : 0.00 ------------------- Removed Finance Charge Receivables : 0.00 ------------------- Removed Total Receivables : 0.00 ------------------- Additional Principal Receivables : 488,365,785.19 ------------------- Additional Finance Charge Receivables : 26,839,550.93 ------------------- Additional Total Receivables : 515,205,336.12 ------------------- Discounted Receivables Generated this Period 0.00 ------------------- End of the Month Principal Receivables : 13,926,790,876.93 ------------------- End of the Month Finance Charge Receivables : 421,721,881.06 ------------------- End of the Month Discounted Receivables : 0.00 ------------------- End of the Month Total Receivables : 14,348,512,757.99 ------------------- Excess Funding Account Balance 0.00 ------------------- Adjusted Invested Amount of all Master Trust Series 11,552,976,677.68 ------------------- End of the Month Seller Percentage 17.04% ------------------- CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES) MONTHLY PERIOD : SEPTEMBER 2000 ACCOUNTS RECEIVABLES -------- ----------- End of the Month Delinquencies : 30 - 59 Days Delinquent 202,108.00 203,664,942.19 ------------------- ------------------- 60 - 89 Days Delinquent 113,127.00 123,786,285.61 ------------------- ------------------- 90 + Days Delinquent 200,034.00 234,238,051.27 ------------------- ------------------- Total 30 + Days Delinquent 515,269.00 561,689,279.07 ------------------- ------------------- Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 3.91% ------------------- Defaulted Accounts During the Month 59,736.00 47,316,175.27 ------------------- ------------------- Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 4.06% -------------------
Page 7 of 43 8 CAPITAL ONE MASTER TRUST (COLLECTIONS) MONTHLY PERIOD : SEPTEMBER 2000 COLLECTIONS PERCENTAGES ----------- ----------- Total Collections and Gross Payment Rate 2,443,008,413.81 16.96% ------------------- ------------------- Collections of Principal Receivables and Principal Payment Rate 2,170,711,796.56 15.54% ------------------- ------------------- Prior Month Billed Finance Charge and Fees 209,692,576.90 ------------------- Amortized AMF Income 19,968,987.33 ------------------- Interchange Collected 28,421,568.33 ------------------- Recoveries of Charged Off Accounts 17,471,706.93 ------------------- Collections of Discounted Receivables 0.00 ------------------- Collections of Finance Charge Receivables and Annualized Yield 275,554,839.49 23.67% ------------------- ------------------ CAPITAL ONE MASTER TRUST (AMF COLLECTIONS) MONTHLY PERIOD : SEPTEMBER 2000 Beginning Unamortized AMF Balance 93,757,841.22 ------------------ + AMF Slug for Added Accounts 20,179,786.33 ------------------- + AMF Collections 16,710,765.09 ------------------- - Amortized AMF Income 19,968,987.33 ------------------- Ending Unamortized AMF Balance 110,679,405.31 ------------------
/s/ Tom Feil ------------------------- Tom Feil Director of Securitization Page 8 of 43