EX-20.21 23 a03-6117_1ex20d21.htm EX-20.21

Exhibit 20.21

 

>CAPITAL ONE MASTER TRUST

>Trust Excess Spread Analysis

>Nov-03

 

Card Trust

 

COMT 96-3

 

COMT 98-1

 

Deal Size

 

$500MM

 

$591MM

 

Expected Maturity(Class A):

 

1/15/2004

 

4/15/2008

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

1.46

%

6.01

%

 

SVC Fees

 

1.50

%

1.50

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

10.83

%

6.27

%

 

Oct-03

 

11.97

%

7.06

%

 

Sep-03

 

11.83

%

7.12

%

3-Mo Avg Excess Spread

 

11.54

%

6.82

%

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

 

Card Trust

 

COMT 99-1

 

COMT 99-3

 

Deal Size

 

$625MM

 

$500MM

 

Expected Maturity(Class A):

 

05/15/2004

 

7/17/2006

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

2.00

%

2.18

%

 

SVC Fees

 

1.50

%

1.50

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

10.28

%

10.10

%

 

Oct-03

 

11.53

%

11.37

%

 

Sep-03

 

11.33

%

11.16

%

3-Mo Avg Excess Spread

 

11.05

%

10.88

%

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

47

 

Card Trust

 

COMT 00-2

 

COMT 00-3

 

Deal Size

 

$750MM

 

$1000MM

 

Expected Maturity(Class A):

 

06/15/2005

 

08/15/2007

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

7.26

%

2.20

%

 

SVC Fees

 

2.00

%

2.00

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

4.52

%

9.58

%

 

Oct-03

 

5.33

%

10.85

%

 

Sep-03

 

5.38

%

10.64

%

3-Mo Avg Excess Spread

 

5.08

%

10.36

%

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

 

Card Trust

 

COMT 00-4

 

COMT 01-1

 

Deal Size

 

$1200MM

 

$1200MM

 

Expected Maturity(Class A):

 

10/17/2005

 

2/15/2008

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

5.79

%

1.58

%

 

SVC Fees

 

2.00

%

2.00

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

5.99

%

10.20

%

 

Oct-03

 

6.75

%

11.34

%

 

Sep-03

 

6.83

%

11.21

%

3-Mo Avg Excess Spread

 

6.52

%

10.92

%

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

48

 

Card Trust

 

COMT 01-2

 

COMT 01-3

 

Deal Size

 

$1200MM

 

$750MM

 

Expected Maturity(Class A):

 

3/15/2006

 

5/15/2006

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

4.85

%

4.88

%

 

SVC Fees

 

2.00

%

2.00

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

6.93

%

6.90

%

 

Oct-03

 

7.69

%

7.67

%

 

Sep-03

 

7.77

%

7.74

%

3-Mo Avg Excess Spread

 

7.47

%

7.44

%

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

 

Card Trust

 

COMT 01-4

 

COMT 01-5

 

Deal Size

 

$1000MM

 

$1000MM

 

Expected Maturity(Class A):

 

6/15/2004

 

8/15/2006

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

1.53

%

4.75

%

 

SVC Fees

 

2.00

%

2.00

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

10.25

%

7.03

%

 

Oct-03

 

11.39

%

7.80

%

 

Sep-03

 

11.25

%

7.87

%

3-Mo Avg Excess Spread

 

10.96

%

7.57

%

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

49

 

Card Trust

 

COMT 01-6

 

COMT 01-7

 

Deal Size

 

$1300MM

 

$1000MM

 

Expected Maturity(Class A):

 

8/15/2008

 

10/15/2004

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

2.00

%

3.53

%

 

SVC Fees

 

2.00

%

2.00

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

9.78

%

8.25

%

 

Oct-03

 

11.02

%

9.02

%

 

Sep-03

 

10.83

%

9.09

%

3-Mo Avg Excess Spread

 

10.55

%

8.79

%

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

 

Card Trust

 

COMT 01-8

 

COMT 02-1

 

Deal Size

 

$1000MM

 

$985MM

 

Expected Maturity(Class A):

 

10/16/2006

 

1/15/2009

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

4.18

%

1.61

%

 

SVC Fees

 

2.00

%

2.00

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

7.60

%

10.17

%

 

Oct-03

 

8.37

%

11.31

%

 

Sep-03

 

8.44

%

11.18

%

3-Mo Avg Excess Spread

 

8.14

%

10.89

%

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

50

 

Card Trust

 

COMT 02-2

 

COMT 02-3

 

Deal Size

 

$620MM

 

$1350MM

 

Expected Maturity(Class A):

 

3/15/2007

 

4/15/2005

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

19.13

%

LESS:

(Wt Avg) Coupon

 

1.54

%

1.82

%

 

SVC Fees

 

2.00

%

2.00

%

 

Net Charge-Offs

 

5.35

%

5.35

%

 

 

 

 

 

 

Excess Spread:

Nov-03

 

10.24

%

9.96

%

 

Oct-03

 

11.38

%

11.18

%

 

Sep-03

 

11.24

%

11.00

%

3-Mo Avg Excess Spread

 

10.96

%

10.71

%

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

1.52

%

 

60 to 89 days

 

1.07

%

1.07

%

 

90+ days

 

2.45

%

2.45

%

Gross Monthly Payment Rate

 

15.24

%

15.24

%

 

 

Card Trust

 

COMT 02-4

 

 

 

Deal Size

 

$750MM

 

 

 

Expected Maturity(Class A):

 

5/15/2007

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

19.13

%

 

 

LESS:

(Wt Avg) Coupon

 

4.45

%

 

 

 

SVC Fees

 

2.00

%

 

 

 

Net Charge-Offs

 

5.35

%

 

 

 

 

 

 

 

 

Excess Spread:

Nov-03

 

7.33

%

 

 

 

Oct-03

 

8.09

%

 

 

 

Sep-03

 

8.17

%

 

 

3-Mo Avg Excess Spread

 

7.86

%

 

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

1.52

%

 

 

 

60 to 89 days

 

1.07

%

 

 

 

90+ days

 

2.45

%

 

 

Gross Monthly Payment Rate

 

15.24

%

 

 

 

51

 

>CAPITAL ONE MASTER TRUST

 

(*) This material is for informational purposes only and is not an offer of securities for sale in the United States.  These securities will not be and have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

 

Capital One Master Trust performance statistics are also available at the Capital One web site:

http://www.capitalone.com/about/invest/financials/abs.shtml

 

52