-----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, DR1TF5Djlwy8vVlaHKJKUXFgF/34GGRobUX8blXG5gxUN7qgcr4adP+qz0RwYvb2 V5FtB1d8kvDHhWjzEafLtA== 0000950133-98-001559.txt : 19980430 0000950133-98-001559.hdr.sgml : 19980430 ACCESSION NUMBER: 0000950133-98-001559 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980316 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980428 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MASTER TRUST CENTRAL INDEX KEY: 0000922869 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 541088621 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-25762 FILM NUMBER: 98602507 BUSINESS ADDRESS: STREET 1: 11013 W BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 7039671000 MAIL ADDRESS: STREET 1: 11013 WEST BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: SIGNET MASTER TRUST DATE OF NAME CHANGE: 19940509 8-K/A 1 FORM 8-K/A DATED MARCH 16, 1998 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 8-K/A Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: March 16, 1998 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 35 2 ITEM 5. OTHER EVENTS. This serves as an amendment to the February 8-K report. The sole purpose of this amendment is to file a corrected "Exhibit 1. February Performance Summary." During the March month end closing process it was noted that certain information relating to the final statement cycle for February was incorrectly posted in March. We have restated the End of the Month Principal Receivables, End of the Month Finance Charge Receivables, End of the Month Total Receivables, and End of the Month Seller Percentage to reflect the correct amounts which were previously overstated. ITEM 7 (c). EXHIBITS The following are filed as exhibits to this Report under Exhibit 20: 1. February Performance Summary 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 and Treasurer Date: April 20, 1998
Page 2 of 35 EX-20.1 2 FEBRUARY PERFORMANCE SUMMARY 1 CAPITAL ONE MASTER TRUST (RECEIVABLES) MONTHLY PERIOD : February 1998 Beginning of the Month Principal Receivables : 10,061,736,517.10 ----------------- Beginning of the Month Finance Charge Receivables : 324,534,089.18 ----------------- Beginning of the Month Discounted Receivables : 0.00 ----------------- Beginning of the Month Total Receivables : 10,386,270,606.28 ----------------- Removed Principal Receivables : 0.00 ----------------- Removed Finance Charge Receivables : 0.00 ----------------- Removed Total Receivables : 0.00 ----------------- Additional Principal Receivables : 0.00 ----------------- Additional Finance Charge Receivables : 0.00 ----------------- Additional Total Receivables : 0.00 ----------------- Discounted Receivables Generated this Period 0.00 ----------------- End of the Month Principal Receivables : 9,641,177,574.43 ----------------- End of the Month Finance Charge Receivables : 308,922,090.58 ----------------- End of the Month Discounted Receivables : 0.00 ----------------- End of the Month Total Receivables : 9,950,099,665.01 ----------------- Excess Funding Account Balance 0.00 ----------------- Adjusted Invested Amount of all Master Trust Series 8,941,460,137.62 ----------------- End of the Month Seller Percentage 7.257593% ----------------- CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES) MONTHLY PERIOD : February 1998 ACCOUNTS RECEIVABLES End of the Month Delinquencies : 30 - 59 Days Delinquent 139,322 232,982,574.10 ------------------- ----------------- 60 - 89 Days Delinquent 87,311 146,685,420.63 ------------------- ----------------- 90 + Days Delinquent 186,959 305,950,292.61 ------------------- ----------------- Total 30 + Days Delinquent 413,592 685,618,287.34 ------------------- ----------------- Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 6.89% ----------------- Defaulted Accounts During the Month 47,575 68,141,687.26 ------------------- ----------------- Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 8.13% -----------------
Page 7 of 35 2 Total Collections and Gross Payment Rate 1,089,546,912.94 10.49% ------------------- ----------------- Collections of Principal Receivables and Principal Payment Rate 901,883,119.55 8.96% ------------------- ----------------- Prior Month Billed Finance Charge and Fees 167,981,671.04 ------------------- Amortized AMF Income 9,282,202.30 ------------------- Interchange Collected 5,396,774.78 ------------------- Recoveries of Charged Off Accounts 8,235,954.51 ------------------- Collections of Discounted Receivables 0.00 ------------------- Collections of Finance Charge Receivables and Annualized Yield 190,896,602.63 22.77% ------------------- ----------------- CAPITAL ONE MASTER TRUST (AMF COLLECTIONS) MONTHLY PERIOD : February 1998 Beginning Unamortized AMF Balance 45,572,920.46 ----------------- + AMF Slug for Added Accounts 129,670.35 ------------------- + AMF Collections 6,049,393.06 ------------------- - Amortized AMF Income 9,282,202.30 ------------------- Ending Unamortized AMF Balance 42,469,781.57 ----------------- CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES) MONTHLY PERIOD : FEBRUARY 1998 Gross Principal Payment Rate 8.96% ------------------- May 17, 1994 3% Discount of Addition 50,184,973.92 ----------------- Total Discounted Receivables Collections as of Beginning of Month 50,184,973.92 ------------------- Collections of Discounted Receivables Current Month 0.00 ------------------- Discounted Receivables to be Collected 0.00 -----------------
/s/ Douglas C.H. Adamson ----------------------------------- Douglas C.H. Adamson Securitization Manager Page 8 of 35 -----END PRIVACY-ENHANCED MESSAGE-----