-----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, JaBMlfpq5QFPL85uNmcMxvk6NNvP1/w3/0eQk5DyhjFolMktvV7IeJTVNCzcW4Yo 9WwWLF/0xveVGtkPONoixA== 0001104659-07-068373.txt : 20070912 0001104659-07-068373.hdr.sgml : 20070912 20070911173611 ACCESSION NUMBER: 0001104659-07-068373 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20070911 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070912 DATE AS OF CHANGE: 20070911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MASTER TRUST CENTRAL INDEX KEY: 0000922869 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 541719855 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25762 FILM NUMBER: 071111731 BUSINESS ADDRESS: STREET 1: 11013 W BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8049671000 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 1 a07-23661_18k.htm 8-K

 

UNITED STATES

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:  September 11, 2007

 

Capital One Funding, LLC

as Depositor on behalf of

 

Capital One Master Trust
(Exact name of registrant as specified in its charter)

 

Virginia

00–25762

54–2058720

(State or other jurisdiction of

(Commission

(IRS Employer

incorporation)

File Number)

Identification No.)

 

 

 

Mail Stop: 12017-0500 140 East Shore Drive, Room 1071-B, Glen Allen, Virginia

23059

(Address of principal executive offices)

(Zip Code)

 

(Registrant’s telephone number, including area code):

(804) 290-6959

 

(Former name or former address, if changed since last report):

Not Applicable

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 8.01.

 

Other Events

 

 

 

 

 

The August 2007 monthly Certificateholder’s Statements to investors were distributed September 11, 2007.

 

 

 

Item 9.01.

 

Exhibits

 

 

 

 

 

The following are filed as exhibits to this Report under Exhibit 20:

 

 

 

 

 

20.1

August 2007 Performance Summary

 

 

20.2

Series 1998-1 Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

20.3

Series 2001-1 Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

20.4

Series 2001-6 Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

20.5

Series 2002-1 Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

20.6

Performance Summary

 

2


 

Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, 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 FUNDING, LLC, as

 

 

Depositor

 

 

 

 

By:

/s/ Steve Richter

 

 

 

Name: Steve Richter

 

 

Title:  Assistant Vice President, Accounting

 

 

 

 

Date: September 11, 2007

 

 

3


 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

EXHIBITS

 

TO

 

FORM 8–K

 

CAPITAL ONE FUNDING, LLC, as Depositor

CAPITAL ONE MASTER TRUST

CAPITAL ONE BANK

(Exact name of registrant as specified in its charter)

 

4


 

INDEX TO EXHIBITS

 

Exhibit

 

 

Number

 

Exhibits

 

 

 

20.1

 

August 2007 Performance Summary

 

 

 

20.2

 

Series 1998-1 Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

 

20.3

 

Series 2001-1 Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

 

20.4

 

Series 2001-6 Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

 

20.5

 

Series 2002-1Class A and Class B Certificateholder’s Statements for the month of August 2007

 

 

 

20.6

 

Performance Summary

 

5

 EX-20.1 2 a07-23661_1ex20d1.htm EX-20.1

Exhibit 20.1

 

Capital One Master Trust (RECEIVABLES)*

MONTHLY PERIOD: August 2007

 

1)

 

Beginning of the Month Principal Receivables:

 

$

43,403,193,824.34

 

2)

 

Beginning of the Month Finance Charge Receivables:

 

$

809,273,608.16

 

3)

 

Beginning of the Month AMF Receivables :

 

$

59,479,892.51

 

4)

 

Beginning of the Month Discounted Receivables:

 

$

0.00

 

5)

 

Beginning of the Month Total Receivables:

 

$

44,271,947,325.01

 

 

 

 

 

 

 

6)

 

Removed Principal Receivables:

 

$

0.00

 

7)

 

Removed Finance Charge Receivables:

 

$

0.00

 

8)

 

Removed AMF Receivables

 

$

0.00

 

9)

 

Removed Total Receivables:

 

$

0.00

 

 

 

 

 

 

 

10)

 

Additional Principal Receivables:

 

$

1,124,362,207.19

 

11)

 

Additional Finance Charge Receivables:

 

$

11,832,401.84

 

12)

 

Additional AMF Receivables

 

$

310,344.49

 

13)

 

Additional Total Receivables:

 

$

1,136,504,953.52

 

 

 

 

 

 

 

14)

 

Discounted Receivables Generated this Period:

 

$

0.00

 

 

 

 

 

 

 

15)

 

End of the Month Principal Receivables:

 

$

44,222,662,539.22

 

16)

 

End of the Month Finance Charge Receivables:

 

$

843,363,977.99

 

17)

 

End of the Month AMF Receivables

 

$

59,696,904.98

 

18)

 

End of the Month Discounted Receivables:

 

$

0.00

 

19)

 

End of the Month Total Receivables:

 

$

45,125,723,422.19

 

 

 

 

 

 

 

20)

 

Excess Funding Account Balance

 

$

0.00

 

21)

 

Adjusted Invested Amount of all Master Trust Series

 

$

37,616,663,438.32

 

 

 

 

 

 

 

22)

 

End of the Month Seller Percentage

 

14.94

%

 


 

Capital One Master Trust (DELINQUENCIES AND LOSSES)

MONTHLY PERIOD: August 2007

 

 

 

 

 

ACCOUNTS

 

RECEIVABLES

 

 

 

 

 

 

 

 

 

1)

 

End of the Month Delinquencies:

 

 

 

 

 

 

 

2)

30 - 59 days delinquent

 

412,292

 

$

592,197,415.78

 

 

 

3)

60 - 89 days delinquent

 

253,467

 

$

392,088,536.78

 

 

 

4)

90+ days delinquent

 

493,870

 

$

850,314,920.37

 

 

 

 

 

 

 

 

 

 

 

 

5)

Total 30+ days delinquent

 

1,159,629

 

$

1,834,600,872.93

 

 

 

 

 

 

 

 

 

 

 

 

6)

Delinquencies 30 + Days as a Percent of End of the Month Total Receivables

 

 

 

4.07

%

 

 

 

 

 

 

 

 

7)

 

Defaulted Accounts during the Month

 

133,221

 

$

199,694,421.31

 

 

 

 

 

 

 

 

 

8)

 

Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables

 

 

 

5.38

%

 

*For calculation purposes, Beginning of Month Principal Receivables includes Additional Principal Receivables

 


 

Capital One Master Trust (COLLECTIONS)

MONTHLY PERIOD: August 2007

 

 

 

 

 

COLLECTIONS

 

PERCENTAGES

 

 

 

 

 

 

 

 

 

1)

 

Total Collections and Gross Payment Rate**

 

$

9,093,727,187.98

 

20.03

%

 

 

 

 

 

 

 

 

2)

 

Collections of Principal Receivables and Principal Payment Rate

 

$

8,177,163,092.62

 

18.36

%

 

 

 

 

 

 

 

 

 

 

3)

Prior Month Billed Finance Charges and Fees

 

$

670,437,909.85

 

 

 

 

 

4)

Amortized AMF Income

 

$

33,224,372.81

 

 

 

 

 

5)

Interchange Collected

 

$

133,973,636.20

 

 

 

 

 

6)

Recoveries of Charged Off Accounts

 

$

76,911,680.51

 

 

 

 

 

7)

Collections of Discounted Receivables

 

$

0.00

 

 

 

 

 

 

 

 

 

 

 

 

 

8)

Collections of Finance Charge Receivables and Annualized Yield

 

$

914,547,599.37

 

24.65

%

 

Capital One Master Trust (AMF COLLECTIONS)

MONTHLY PERIOD: August 2007

 

1)

 

Beginning Unamortized AMF Balance

 

 

 

 

$

173,224,881.43

 

 

 

2)

+ AMF Slug

 

$

873,013.00

 

 

 

 

 

3)

+ AMF Collections

 

$

35,240,868.80

 

 

 

 

 

4)

- Amortized AMF Income

 

$

33,224,372.81

 

 

 

5)

 

Ending Unamortized AMF Balance

 

 

 

 

$

176,114,390.42

 

 

**Total Collections and Gross Payment Rate is calculated as a Percent of Beginning of Month Total Receivables which includes

Additional Total Receivables

 

August 2007 COMT Yield was higher than expected as described below.  Generally, account holder lending agreements for credit cards permit grace periods as short as 25 days.  A grace period is the period of time between the date a statement is generated (a statement cycle date) and the payment due date.  Previously, grace periods have been as long as 30 days. In an effort to align grace periods to the permitted 25 days, the Bank utilized a one time delay of statement cycle dates for most account holders which moved some statement cycle dates from June 2007 to July 2007.  Given the calculation methodology of COMT Yield, the impact of the cycle delay to July impacted COMT Yield in August.  We do not anticipate that Net Losses or Yield will be materially impacted by such action in future months, and we do not anticipate any delay in the payment of interest or principal to noteholders as a result of this action.

 

 EX-20.2 3 a07-23661_1ex20d2.htm EX-20.2

Exhibit 20.2

MONTHLY STATEMENT

 

Capital One Master Trust

 

SERIES 1998-1

 

Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002 (as amended and supplemented, the “Agreement”), among Capital One Bank, as Servicer, Capital One Funding, LLC, as Transferor, and The Bank of New York, as Trustee (the “Trustee”), Capital One Bank is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the Capital One Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date of September 17, 2007, and with respect to the performance of the Trust during the month August, 2007, is set forth below. Certain information is presented on the basis of an original principal amount of $1,000 per investor Certificate (a “Certificate”). Certain other information is presented based on the aggregate amounts for the Trust as a whole. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Agreement.

 

A)

 

Information Regarding Distributions to the Class A Certificateholders

 

 

 

 

 

(Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class A Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.2583333400

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates, per $1,000 Original Principal Amount

 

5.2583333400

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class A Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

B)

 

Class A Investor Charge Off’s and Reimbursement of Charge Off’s

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class A Investor Charge Off’s

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class A Investor Charge Off’s set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class A Investor Charge Off’s

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 1998-1 Investor Certificateholder’s Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

 

C)

 

Information Regarding Distributions to the Class B Certificateholders

 

 

 

 

 

(Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class B Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.2966666187

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class B Certificates, per $1,000 Original Principal Amount

 

5.2966666187

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class B Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 


 

D)

 

Class B Investor Charge Off’s and Reimbursement of Charge Off’s

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class B Investor Charge Off’s

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class B Investor Charge Off’s set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class B Investor Charge Off’s

 

$

0.00

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 1998-1 Investor Certificate holder’s Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

E)

 

Information Regarding Distributions to the Class C Certificateholders

 

 

 

 

 

(Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class C Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

6.0144790570

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class C Certificates, per $1,000 Original Principal Amount

 

6.0144790570

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class C Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

F)

 

Class C Investor Charge Off’s and Reimbursement of Charge Off’s

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class C Investor Charge Off’s

 

$

0.00

 

 

 

 

 

 

 

 

 

2)

The amount of Class C Investor Charge Off’s set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class C Investor Charge Off’s

 

$

0.00

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 1998-1 Investor Certificateholder’s Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class C Certificates exceeds the Class C Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

G)

 

The Available Cash Collateral Amount as of the close of business on the preceding Distribution Date (after effect to any withdrawal from the Collateral Account) was equal to

 

$

9,456,264.78

 

 

 

 

 

 

 

H) 

 

The Required Cash Collateral Amount as of the close of business on the current Distribution Date, after effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on such Distribution Date, will be equal to

 

$

9,456,264.78

 

 

 EX-20.3 4 a07-23661_1ex20d3.htm EX-20.3

Exhibit 20.3

MONTHLY STATEMENT

Capital One Master Trust

SERIES 2001-1

 

Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002 (as amended and supplemented, the “Agreement”), among Capital One Bank, as Servicer, Capital One Funding, LLC, as Transferor, and The Bank of New York, as Trustee (the “Trustee”), Capital One Bank is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the Capital One Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date of September 17, 2007, and with respect to the performance of the Trust during the month August, 2007, is set forth below. Certain information is presented on the basis of an original principal amount of $1,000 per investor Certificate (a “Certificate”). Certain other information is presented based on the aggregate amounts for the Trust as a whole. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Agreement.

 

A)

 

Information Regarding Distributions to the Class A Certificateholders (Stated on the Basis of $1,000 Original Principal Amount )

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class A Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.3269791692

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates, per $1,000 Original Principal Amount

 

5.3269791692

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class A Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

B)

 

Class A Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class A Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 2001-1 Investor Certificateholder's Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

 

C)

 

Information Regarding Distributions to the Class B Certificateholders (Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class B Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.6111458333

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class B Certificates, per $1,000 Original Principal Amount

 

5.6111458333

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class B Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 


 

D)

 

Class B Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class B Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 2001-1 Investor Certificateholder's Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

 

E)

 

Information Regarding Distributions to the Collateral Interest Holder (Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Collateral Interest Holder on Distribution Date: September 17,2007 per $1,000 Original Principal Amount

 

6.2161459048

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Collateral Interest, per $1,000 Original Principal Amount

 

6.2161459048

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Collateral Interest, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

F)

 

Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Collateral Interest Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Collateral Interest Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Collateral Interest Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 EX-20.4 5 a07-23661_1ex20d4.htm EX-20.4

Exhibit 20.4

 

MONTHLY STATEMENT

Capital One Master Trust

SERIES 2001-6

 

Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002 (as amended and supplemented, the “Agreement”), among Capital One Bank, as Servicer, Capital One Funding, LLC, as Transferor, and The Bank of New York, as Trustee (the “Trustee”), Capital One Bank is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the Capital One Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date of September 17, 2007, and with respect to the performance of the Trust during the month August, 2007, is set forth below. Certain information is presented on the basis of an original principal amount of $1,000 per investor Certificate (a “Certificate”). Certain other information is presented based on the aggregate amounts for the Trust as a whole. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Agreement.

 

A)

 

Information Regarding Distributions to the Class A Certificateholders (Stated on the Basis of $1,000 Original Principal Amount )

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class A Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.3178124970

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates, per $1,000 Original Principal Amount

 

5.3178124970

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class A Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

B)

 

Class A Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class A Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 2001-6 Investor Certificateholder's Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

 

C)

 

Information Regarding Distributions to the Class B Certificateholders (Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class B Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.6019791538

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class B Certificates, per $1,000 Original Principal Amount

 

5.6019791538

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class B Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 


 

D)

 

Class B Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class B Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 2001-6 Investor Certificateholder's Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

 

E)

 

Information Regarding Distributions to the Collateral Interest Holder (Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Collateral Interest Holder on Distribution Date: September 17,2007 per $1,000 Original Principal Amount

 

5.5833333626

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Collateral Interest, per $1,000 Original Principal Amount

 

5.5833333626

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Collateral Interest, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

F)

 

Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Collateral Interest Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Collateral Interest Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Collateral Interest Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 EX-20.5 6 a07-23661_1ex20d5.htm EX-20.5

Exhibit 20.5

 

MONTHLY STATEMENT

Capital One Master Trust

SERIES 2002-1

 

Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002 (as amended and supplemented, the “Agreement”), among Capital One Bank, as Servicer, Capital One Funding, LLC, as Transferor, and The Bank of New York, as Trustee (the “Trustee”), Capital One Bank is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the Capital One Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date of September 17, 2007, and with respect to the performance of the Trust during the month August, 2007, is set forth below. Certain information is presented on the basis of an original principal amount of $1,000 per investor Certificate (a “Certificate”). Certain other information is presented based on the aggregate amounts for the Trust as a whole. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Agreement.

 

A)

 

Information Regarding Distributions to the Class A Certificateholders

 

 

 

 

 

(Stated on the Basis of $1,000 Original Principal Amount )

 

 

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class A Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.3269791631

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates, per $1,000 Original Principal Amount

 

5.3269791631

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class A Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

B)

 

Class A Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class A Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 2002-1 Investor Certificateholder's Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

 

C)

 

Information Regarding Distributions to the Class B Certificateholders (Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Class B Certificateholders on September 17, 2007 per $1,000 Original Principal Amount

 

5.6936458000

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class B Certificates, per $1,000 Original Principal Amount

 

5.6936458000

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Class B Certificates, per $1,000 Original Principal Amount

 

0.0000000000

 

 


 

D)

 

Class B Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Class B Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will have the effect of increasing, pro rata, the amount of each Series 2002-1 Investor Certificateholder's Investment)

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

5)

The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date

 

$

0.00

 

 

 

 

 

 

 

 

E)

 

Information Regarding Distributions to the Collateral Interest Holder (Stated on the Basis of $1,000 Original Principal Amount)

 

 

 

 

 

 

 

 

 

 

 

 

1)

The total amount of the distribution to Collateral Interest Holder on Distribution Date: September 17,2007 per $1,000 Original Principal Amount

 

6.4269792000

 

 

 

 

 

 

 

 

 

 

2)

The amount of the distribution set forth in paragraph 1 above in respect of interest on the Collateral Interest, per $1,000 Original Principal Amount

 

6.4269792000

 

 

 

 

 

 

 

 

 

 

3)

The amount of the distribution set forth in paragraph 1 above in respect of principal on the Collateral Interest, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

F)

 

Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's

 

 

 

 

 

 

 

 

 

 

 

 

1)

The amount of Collateral Interest Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

2)

The amount of Collateral Interest Investor Charge Off's set forth in paragraph 1 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 

 

 

 

 

 

 

 

3)

The total amount reimbursed to the Trust in respect of Collateral Interest Investor Charge Off's

 

$

0.00

 

 

 

 

 

 

 

 

 

 

4)

The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount

 

0.0000000000

 

 

 EX-20.6 7 a07-23661_1ex20d6.htm EX-20.6

Exhibit 20.6

 

CAPITAL ONE MASTER TRUST (COMT)

Performance Summary - August 2007

 

Capital One Master Trust (COMT)

 

Series

 

 

 

COMT 1998-1

 

Size

 

 

 

$

591 MM

 

Expected Maturity (Class A)

 

 

 

04/15/2008

 

 

 

 

 

 

 

Gross Monthly Payment Rate

 

 

 

20.03

%

Delinquency Rate:

 

30 - 59 Days

 

1.31

%

 

 

60 - 89 Days

 

0.87

%

 

 

90 + Days

 

1.88

%

 

Excess Spread Analysis

 

Series

 

 

 

COMT 1998-1

 

Portfolio Yield

 

 

 

22.57

%

Weighted Average Coupon

 

 

 

6.88

%

Servicing Fee Percentage

 

 

 

1.50

%

Net Loss Rate

 

 

 

3.31

%

 

 

 

 

 

 

Excess Spread Percentage

 

 

 

 

 

 

 

Aug-07

 

10.89

%

 

 

Jul-07

 

8.63

%

 

 

Jun-07

 

8.88

%

3-Month Average Excess Spread

 

 

 

9.47

%

 

Capital One Master Trust (COMT)

 

Note: Servicing Fee Percentage includes 0.75% paid as Servicer Interchange to Capital One Bank as the Servicer of the Capital One Master Trust.

 

August 2007 COMT Yield was higher than expected as described below.  Generally, account holder lending agreements for credit cards permit grace periods as short as 25 days.  A grace period is the period of time between the date a statement is generated (a statement cycle date) and the payment due date.  Previously, grace periods have been as long as 30 days. In an effort to align grace periods to the permitted 25 days, the Bank utilized a one time delay of statement cycle dates for most account holders which moved some statement cycle dates from June 2007 to July 2007.  Given the calculation methodology of COMT Yield, the impact of the cycle delay to July impacted COMT Yield in August.  We do not anticipate that Net Losses or Yield will be materially impacted by such action in future months, and we do not anticipate any delay in the payment of interest or principal to noteholders as a result of this action.

 


 

CAPITAL ONE MASTER TRUST (COMT)

Performance Summary - August 2007

 

Capital One Master Trust (COMT)

 

Series

 

 

 

COMT 2001-1

 

COMT 2001-6

 

Size

 

 

 

$

1,200 MM

 

$

1,300 MM

 

Expected Maturity (Class A)

 

 

 

2/15/2008

 

8/15/2008

 

 

 

 

 

 

 

 

 

Gross Monthly Payment Rate

 

 

 

20.03

%

20.03

%

Delinquency Rate:

 

30 - 59 Days

 

1.31

%

1.31

%

 

 

60 - 89 Days

 

0.87

%

0.87

%

 

 

90 + Days

 

1.88

%

1.88

%

 

Excess Spread Analysis

 

Series

 

 

 

COMT 2001-1

 

COMT 2001-6

 

Portfolio Yield

 

 

 

22.57

%

22.57

%

Weighted Average Coupon

 

 

 

5.75

%

5.68

%

Servicing Fee Percentage

 

 

 

2.00

%

2.00

%

Net Loss Rate

 

 

 

3.31

%

3.31

%

 

 

 

 

 

 

 

 

Excess Spread Percentage

 

 

 

 

 

 

 

 

 

Aug-07

 

11.52

%

11.59

%

 

 

Jul-07

 

9.31

%

9.30

%

 

 

Jun-07

 

9.63

%

9.64

%

3-Month Average Excess Spread

 

 

 

10.15

%

10.18

%

 

Capital One Master Trust (COMT)

 

Note: Servicing Fee Percentage includes 0.75% paid as Servicer Interchange to Capital One Bank as the Servicer of the Capital One Master Trust.

 

August 2007 COMT Yield was higher than expected as described below.  Generally, account holder lending agreements for credit cards permit grace periods as short as 25 days.  A grace period is the period of time between the date a statement is generated (a statement cycle date) and the payment due date.  Previously, grace periods have been as long as 30 days. In an effort to align grace periods to the permitted 25 days, the Bank utilized a one time delay of statement cycle dates for most account holders which moved some statement cycle dates from June 2007 to July 2007.  Given the calculation methodology of COMT Yield, the impact of the cycle delay to July impacted COMT Yield in August.  We do not anticipate that Net Losses or Yield will be materially impacted by such action in future months, and we do not anticipate any delay in the payment of interest or principal to noteholders as a result of this action.


 

CAPITAL ONE MASTER TRUST (COMT)

Performance Summary - August 2007

 

Capital One Master Trust (COMT)

 

Series

 

 

 

COMT 2002-1

 

Size

 

 

 

$

1,000 MM

 

Expected Maturity (Class A)

 

 

 

1/15/2009

 

 

 

 

 

 

 

Gross Monthly Payment Rate

 

 

 

20.03

%

Delinquency Rate:

 

30 - 59 Days

 

1.31

%

 

 

60 - 89 Days

 

0.87

%

 

 

90 + Days

 

1.88

%

 

Excess Spread Analysis

 

Series

 

 

 

COMT 2002-1

 

Portfolio Yield

 

 

 

22.57

%

Weighted Average Coupon

 

 

 

5.77

%

Servicing Fee Percentage

 

 

 

2.00

%

Net Loss Rate

 

 

 

3.31

%

 

 

 

 

 

 

Excess Spread Percentage

 

 

 

 

 

 

 

Aug-07

 

11.49

%

 

 

Jul-07

 

9.28

%

 

 

Jun-07

 

9.60

%

3-Month Average Excess Spread

 

 

 

10.12

%

 

Capital One Master Trust (COMT)

 

Note: Servicing Fee Percentage includes 0.75% paid as Servicer Interchange to Capital One Bank as the Servicer of Capital One Master Trust.

 

August 2007 COMT Yield was higher than expected as described below.  Generally, account holder lending agreements for credit cards permit grace periods as short as 25 days.  A grace period is the period of time between the date a statement is generated (a statement cycle date) and the payment due date.  Previously, grace periods have been as long as 30 days. In an effort to align grace periods to the permitted 25 days, the Bank utilized a one time delay of statement cycle dates for most account holders which moved some statement cycle dates from June 2007 to July 2007.  Given the calculation methodology of COMT Yield, the impact of the cycle delay to July impacted COMT Yield in August.  We do not anticipate that Net Losses or Yield will be materially impacted by such action in future months, and we do not anticipate any delay in the payment of interest or principal to noteholders as a result of this action.

 -----END PRIVACY-ENHANCED MESSAGE-----