EX-20.18 19 a04-7700_1ex20d18.htm EX-20.18

Exhibit 20.18

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

 

COMT 98-1
$591MM
4/15/2008

 

COMT 99-3
$500MM
7/17/2006

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

6.03

%

2.09

%

 

SVC Fees

 

 

1.50

%

1.50

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

6.54

%

10.48

%

 

 

May-04

 

6.39

%

10.35

%

 

 

Apr-04

 

4.85

%

9.09

%

3-Mo Avg Excess Spread

 

 

5.93

%

9.97

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

 

COMT 00-2
$750MM
06/15/2005

 

COMT 00-3
$1000MM
08/15/2007

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

7.26

%

2.11

%

 

SVC Fees

 

 

2.00

%

2.00

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

4.81

%

9.97

%

 

 

May-04

 

4.64

%

9.83

%

 

 

Apr-04

 

3.12

%

8.58

%

3-Mo Avg Excess Spread

 

 

4.19

%

9.46

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

1

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

COMT 00-4
$1200MM
10/17/2005

 

COMT 01-1
$1200MM
2/15/2008

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

5.84

%

1.55

%

 

SVC Fees

 

 

2.00

%

2.00

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

6.24

%

10.52

%

 

 

May-04

 

6.11

%

10.42

%

 

 

Apr-04

 

4.55

%

9.09

%

3-Mo Avg Excess Spread

 

 

5.63

%

10.01

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

COMT 01-2
$1200MM
3/15/2006

 

COMT 01-3
$750MM
5/15/2006

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

4.89

%

4.92

%

 

SVC Fees

 

 

2.00

%

2.00

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

7.18

%

7.16

%

 

 

May-04

 

7.05

%

7.02

%

 

 

Apr-04

 

5.49

%

5.47

%

3-Mo Avg Excess Spread

 

 

6.57

%

6.55

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

2

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

COMT 01-5
$1000MM
8/15/2006

 

COMT 01-6
$1300MM
8/15/2008

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

4.79

%

1.92

%

 

SVC Fees

 

 

2.00

%

2.00

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

7.28

%

10.15

%

 

 

May-04

 

7.15

%

10.02

%

 

 

Apr-04

 

5.59

%

8.75

%

3-Mo Avg Excess Spread

 

 

6.68

%

9.64

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

COMT 01-7
$1000MM
10/15/2004

 

COMT 01-8
$1000MM
10/16/2006

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

3.57

%

4.22

%

 

SVC Fees

 

 

2.00

%

2.00

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

8.50

%

7.85

%

 

 

May-04

 

8.37

%

7.72

%

 

 

Apr-04

 

6.81

%

6.16

%

3-Mo Avg Excess Spread

 

 

7.90

%

7.25

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

3

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

COMT 02-1
$1000MM
1/15/2009

 

COMT 02-2
$620MM
3/15/2007

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

1.58

%

1.52

%

 

SVC Fees

 

 

2.00

%

2.00

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

10.49

%

10.56

%

 

 

May-04

 

10.39

%

10.46

%

 

 

Apr-04

 

9.06

%

9.13

%

3-Mo Avg Excess Spread

 

 

9.98

%

10.05

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

 

>CAPITAL ONE MASTER TRUST

 

 

 

 

 

 

 

>Trust Excess Spread Analysis

 

 

 

 

 

 

 

>June-04

 

 

 

 

 

 

 

Card Trust
Deal Size
Expected Maturity(Class A):

 

COMT 02-3
$1350MM
4/15/2005

 

COMT 02-4
$750MM
5/15/2007

 

 

 

 

 

 

 

 

 

Portfolio Yield

 

 

 

18.18

%

18.18

%

LESS:

(Wt Avg) Coupon

 

 

1.75

%

4.49

%

 

SVC Fees

 

 

2.00

%

2.00

%

 

Net Charge-Offs

 

 

4.11

%

4.11

%

 

 

 

 

 

 

 

 

Excess Spread:

 

Jun-04

 

10.32

%

7.58

%

 

 

May-04

 

10.19

%

7.45

%

 

 

Apr-04

 

8.91

%

5.89

%

3-Mo Avg Excess Spread

 

 

9.81

%

6.97

%

 

 

 

 

 

 

 

 

Delinquents:

30 to 59 days

 

 

1.37

%

1.37

%

 

60 to 89 days

 

 

0.89

%

0.89

%

 

90+ days

 

 

1.86

%

1.86

%

Gross Monthly Payment Rate

 

 

15.86

%

15.86

%

 

4

 

>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.shtm

 

5