0001163321-18-000008.txt : 20180215 0001163321-18-000008.hdr.sgml : 20180215 20180215100142 ACCESSION NUMBER: 0001163321-18-000008 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20180131 0001162387 0001514949 FILED AS OF DATE: 20180215 DATE AS OF CHANGE: 20180215 ABS ASSET CLASS: Credit card FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MULTI ASSET EXECUTION TRUST CENTRAL INDEX KEY: 0001163321 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-75276 FILM NUMBER: 18616472 BUSINESS ADDRESS: STREET 1: BANKERS TRUST DELAWARE STREET 2: E A DELLE DONNE CORP CTR 1011 CENTRE RD CITY: WILMINGTON STATE: DE ZIP: 19805-1266 BUSINESS PHONE: 3026363382 MAIL ADDRESS: STREET 1: BANKERS TRUST DELAWARE STREET 2: E A DELLE DONNE CORP CTR 1011 CENTRE RD CITY: WILMINGTON STATE: DE ZIP: 19805-1266 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE MULTIPLE ISSUANCE TRUST DATE OF NAME CHANGE: 20011207 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE UNIVERSAL NOTE TRUST DATE OF NAME CHANGE: 20011206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE FUNDING, LLC CENTRAL INDEX KEY: 0001162387 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-75276-01 FILM NUMBER: 18616473 BUSINESS ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 BUSINESS PHONE: 8042906959 MAIL ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE FUNDING LLC DATE OF NAME CHANGE: 20011116 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: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 000-25762 FILM NUMBER: 18616474 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 10-D 1 form10-djan2018.htm 10-D Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER
Distribution Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

For the monthly reporting period from
January 1, 2018 through January 31, 2018
Commission File Number of issuing entity: 333-75276
Central Index Key Number of issuing entity: 0001163321

CAPITAL ONE MULTI-ASSET EXECUTION TRUST
(Exact name of issuing entity as specified in its charter)
(Issuing entity in respect of the Notes)
Commission File Number of issuing entity: 000-25762
Central Index Key Number of issuing entity: 0000922869

CAPITAL ONE MASTER TRUST
(Exact name of issuing entity as specified in its charter)
(Issuing entity in respect of the COMT Collateral Certificate)

Commission File Number of depositor: 333-75276-01
Central Index Key Number of depositor: 0001162387

CAPITAL ONE FUNDING, LLC
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: 0001514949
CAPITAL ONE BANK (USA), NATIONAL
ASSOCIATION
(Exact name of sponsor as specified in its charter)

Eric Bauder
Director, Capital Markets
703-720-3148
Delaware
(State or other jurisdiction of incorporation or organization of the issuing entity)

 
New York
(State or other jurisdiction of incorporation or organization of the issuing entity)

c/o Deutsche Bank Trust Company Delaware
E.A. Delle Donne Corporate Center
1011 Centre Road
Wilmington DE 19805-1266
(Address of principal executive offices of issuing entity)
 
c/o Capital One Bank (USA), National Association
Mail Stop 12017-0500
140 East Shore Drive
Room 1071-B
Glen Allen, VA 23059
(Address of principal executive offices of issuing entity)
 
 
 
302-636-3392
(Telephone number, including area code)
 
804-965-7100
(Telephone number, including area code)
 
 
 
Not Applicable
(I.R.S. Employer Identification No.)
 
Not Applicable
(I.R.S. Employer Identification No.)
 
 
 
N/A
(Former name, former address, if changed since last report)
 
N/A
(Former name, former address, if changed since last report)


1


Each class of Notes to which this report on Form 10-D relates is subject to the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934. The title of each class of Notes to which this report on Form 10-D relates is set forth in Exhibit 99.2 hereto.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X      No ___





















































2


PART I - DISTRIBUTION INFORMATION

ITEM 1 - Distribution and Pool Performance Information

Response to Item 1 is set forth in Exhibits 99.1 and 99.2.


ITEM 10 - Exhibits










































3


SIGNATURES

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 thereunto duly authorized.

Dated: February 15, 2018
                            
CAPITAL ONE MULTI-ASSET EXECUTION TRUST
 
(Issuing Entity)
 
 
CAPITAL ONE MASTER TRUST
 
(Issuing Entity)
 
 
By:
CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION
(Servicer)
 
 
By:
/s/ Shaun Ross                                                                                                                                                      
Name:
Shaun Ross
Title:
Managing Vice President, Deputy Controller


4
EX-99.1 2 exhibit9912002-ccjan2018.htm EXHIBIT 99.1 Exhibit

Exhibit 99.1

MONTHLY STATEMENT
Capital One Master Trust
SERIES 2002-CC

Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007, and March 17, 2016, and as further amended by the First Amendment thereto dated as of January 27, 2017 (as so amended, the Agreement), among Capital One Bank (USA), National Association, as Servicer, Capital One Funding, LLC (Funding), as Transferor, and The Bank of New York Mellon, as Trustee (the Trustee), Capital One Bank (USA), National Association as Servicer 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 February 15, 2018, and with respect to the performance of the Trust during the month of January, 2018 is set forth below. The current Distribution Date is February 15, 2018. Certain other information is presented based on the aggregate amounts for the Trust as a whole.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange Commission (SEC).
Amended and Restated Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, as amended and restated as of March 17, 2016, relating to the COMT Collateral Certificate.
 
Included in Exhibit 4.3 to Funding's Form 8-K filed with the SEC on March 17, 2016.
 
 
 
Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007 and March 17, 2016.
 
Included in Exhibit 4.2 to Funding's Form 8-K filed with the SEC on March 17, 2016.
 
 
 
First Amendment to Amended and Restated Pooling and Servicing Agreement dated as of January 27, 2017.
 
Included in Exhibit 4.1 to Funding's Form 8-K filed with the SEC on January 27, 2017.



1


A)
CAPITAL ONE MASTER TRUST (RECEIVABLES)
 
 
 
 
MONTHLY PERIOD: January 2018
 
 
 
ACCOUNTS (a)

 
 
1)
Beginning of the Month Principal Receivables
 
 
$
26,307,765,880.40

2)
Beginning of the Month Finance Charge Receivables
 
 
$
442,540,730.04

3)
Beginning of the Month AMF Receivables
 
 
$
12,555,278.00

4)
Beginning of the Month Discounted Receivables
 
 
$
0.00

5)
Beginning of the Month Total Receivables
14,678,596

 
$
26,762,861,888.44

6)
Removed Principal Receivables
 
 
$
0.00

7)
Removed Finance Charge Receivables
 
 
$
0.00

8)
Removed AMF Receivables
 
 
$
0.00

9)
Removed Total Receivables
0

 
$
0.00

10)
Additional Principal Receivables
 
 
$
0.00

11)
Additional Finance Charge Receivables
 
 
$
0.00

12)
Additional AMF Receivables
 
 
$
0.00

13)
Additional Total Receivables
0

 
$
0.00

14)
Discounted Receivables Generated this Period
 
 
$
0.00

15)
End of the Month Principal Receivables
 
 
$
25,523,113,420.10

16)
End of the Month Finance Charge Receivables
 
 
$
446,701,407.09

17)
End of the Month AMF Receivables
 
 
$
11,312,580.00

18)
End of the Month Discounted Receivables
 
 
$
0.00

19)
End of the Month Total Receivables
14,619,252

 
$
25,981,127,407.19

20)
Beginning of the Month Excess Funding Account Balance
 
 
$
0.00

21)
Adjusted Invested Amount of all Master Trust Series
 
 
$
22,381,447,834.95

22)
End of the Month Transferor Interest
 
 
$
3,141,665,585.15

23)
End of the Month Transferor Percentage (b)
 
 
12.31
%
24)
End of the Month Regulation RR Transferor Percentage (c)
 
 
14.04
%
(a)
Accounts include accounts which have a credit balance and accounts which have no balance because receivables may be generated with respect to such accounts in the future. Accounts do not include certain charged-off accounts with zero balances. Beginning in November 2009, Accounts, as defined herein, also include accounts which are closed, but still have a balance. Such accounts were omitted from reporting prior to this time. All other items have been and are still appropriately reflecting closed accounts with a balance.
(b)
Calculated as End of Month Transferor Interest (line 22) divided by End of the Month Principal Receivables (line 15). Capital One Bank (USA), National Association, as “originator” for the purposes of the EU risk retention rules, currently retains a material net economic interest that is not less than five percent of the nominal value of the securitized exposure, which interest is not subject to any credit risk mitigation, short position or other hedge, except to the extent permitted by the EU risk retention rules.
(c)
Calculated as End of Month Transferor Interest (line 22) divided by the aggregate unpaid principal balance of the outstanding notes issued by COMET (including notes held for the life of such notes by Capital One Bank (USA), National Association or its wholly-owned affiliates). Capital One Bank (USA), National Association, as sponsor, currently complies with the U.S. risk retention rules through retention by Capital One Funding of a “seller's interest,” in the form of the Transferor Interest.
B)
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
 
 
 
MONTHLY PERIOD: January 2018
 
 
 
 
 
ACCOUNTS
 
RECEIVABLES
1)
End of the Month Delinquencies:
 
 
 
2)
30 - 59 Days Delinquent
53,755

 
$
159,749,303.35

3)
60 - 89 Days Delinquent
33,789

 
$
111,913,754.30

4)
90 - 119 Days Delinquent
28,764

 
$
101,837,994.89

5)
120 - 149 Days Delinquent
24,550

 
$
91,595,274.84

6)
150 + Days Delinquent
21,108

 
$
81,680,344.15

7)
Total 30+ Days Delinquent
161,966

 
$
546,776,671.53

8)
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables
 
 
2.10
%
9)
Total 60+ Days Delinquent
108,211

 
$
387,027,368.18


2


10)
Delinquencies 60 + Days as a Percent of End of the Month Total Receivables
 
 
1.49
%
11)
Defaulted Accounts during the Month
24,045

 
$
78,329,639.15

12)
Annualized Default Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables
 
 
3.57
%
13)
Recoveries of Charged-Off Accounts during the Month
 
 
$
28,846,823.35

14)
Annualized Recoveries as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables
 
 
1.32
%
15)
Defaulted Accounts, net of Recoveries, during the Month
 
 
$
49,482,815.80

16)
Annualized Net Default Rate as a Percent of Adjusted Beginning of Month Principal Receivables which includes Additional Principal Receivables
 
 
2.26
%

C)
CAPITAL ONE MASTER TRUST (COLLECTIONS)
 
 
 
 
MONTHLY PERIOD: January 2018
COLLECTIONS
 
PERCENTAGES
1)
Total Collections and Gross Payment Rate as a Percent of Adjusted Beginning of Month Total Receivables which includes Additional Total Receivables
$
8,641,934,966.49

 
32.29
%
2)
Collections of Principal Receivables and Principal Payment Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables
$
8,168,835,416.75

 
31.05
%
 
3)
Prior Month Billed Finance Charges and Fees
$
278,466,215.57

 
 
 
4)
Amortized AMF Income
$
11,236,975.61

 
 
 
5)
Interchange Collected
$
154,156,847.32

 
 
 
6)
Recoveries of Charged Off Accounts
$
28,846,823.35

 
 
 
7)
Collections of Discounted Receivables
$
0.00

 
 
8)
Collections of Finance Charge Receivables and Annualized Yield as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables
$
472,706,861.85

 
21.56
%

D)
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
 
 
 
 
MONTHLY PERIOD: January 2018
 
 
 
1)
Beginning Unamortized AMF Balance
 
 
$
61,520,278.93

 
2)
 
+ AMF SLUG
$
0.00

 
 
 
3)
 
+ AMF Collections
$
11,629,663.50

 
 
 
4)
 
- Amortized AMF Income
$
11,236,975.61

 
 
5)
Ending Unamortized AMF Balance
 
 
$
61,912,966.82


E)
CAPITAL ONE MASTER TRUST : SERIES 2002-CC (Floating Allocation Amount)
 
 
 
MONTHLY PERIOD: January 2018
 
 
 
1)
Floating Allocation Amount
 
 
$
22,381,447,834.95

2)
Floating Allocation Percentage
 
 
85.075441
%
3)
Finance Charge Collections Allocated
 
 
$
402,157,447.27

4)
Plus: Other amounts to be treated as Finance Charge Amounts
$
155.17

 
 
5)
Less: Servicer Interchange
$
13,988,404.90

 
 
6)
Available Funds
 
 
$
388,169,197.54

7)
Allocations of Series 2002-CC Finance Charge Amounts
 
 
 
 
a)
 
Class A Targeted Deposit to Interest Funding Account
$
27,293,946.89

 
 
 
b)
 
Class B Targeted Deposit to Interest Funding Account
$
3,349,763.54

 
 
 
c)
 
Class C Targeted Deposit to Interest Funding Account
$
3,735,410.21

 
 
 
d)
 
Series 2002-CC Servicing Fee to the Servicer
$
23,314,008.16

 
 
 
e)
 
Series 2002-CC Servicing Fee previously due and unpaid to the Servicer
$
0.00

 
 

3


 
f)
 
Class D Targeted Deposit to Interest Funding Account
$
0.00

 
 
 
g)
 
Series 2002-CC Defaulted Amount
$
66,639,285.93

 
 
 
h)
 
Nominal Liquidation Amount Deficits
$
0.00

 
 
 
i)
 
Accumulation Reserve Account Targeted Deposit
$
0.00

 
 
 
j)
 
Class C Reserve Account Targeted Deposit
$
0.00

 
 
 
k)
 
Class D Reserve Account Targeted Deposit
$
0.00

 
 
 
l)
 
Other deposits or payments required by Term Documents
$
0.00

 
 
8)
Shared Excess Finance Charges of Series 2002-CC
 
 
$
263,836,782.81

9)
Total Excess Finance Charges for All Series in Group 1
 
 
$
263,836,782.81

10)
Finance Charge Shortfall for Series 2002-CC
 
 
$
0.00

11)
Finance Charge Shortfall for All Series in Group 1
 
 
$
0.00

12)
Excess Finance Charges Allocated to Series 2002-CC
 
 
$
0.00


F)
CAPITAL ONE MASTER TRUST: SERIES 2002-CC (Principal Allocation Amount)
 
 
MONTHLY PERIOD: January 2018
 
1)
Principal Allocation Amount
 
$
22,381,447,834.95

2)
Principal Allocation Percentage
 
85.075441
%
3)
Principal Collections Allocated
 
$
6,949,672,753.80

4)
Series 2002-CC Monthly Principal Payment
 
$
0.00

5)
Shared Principal Collections (excess principal) of Series 2002-CC
 
$
6,949,672,753.80

6)
Total Shared Principal Collections (excess principal) for All Series in Group
 
$
6,949,672,753.80

7)
Principal Shortfall for Series 2002-CC
 
$
0.00

8)
Principal Shortfall for All Series in Group 1
 
$
0.00

9)
Shared Principal Collections Allocated to Series 2002-CC
 
$
0.00



































4








MONTHLY SERVICER'S CERTIFICATE

CAPITAL ONE BANK (USA), National Association
CAPITAL ONE MASTER TRUST

SERIES 2002-CC

The undersigned, a duly authorized representative of Capital One Bank (USA), National Association, as Servicer, pursuant to the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007 and March 17, 2016, and as further amended by the First Amendment thereto dated as of January 27, 2017 (as so amended, the “Agreement”), as supplemented by the Amended and Restated Series 2002-CC Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016 (as amended and restated, the “Series Supplement”), among Capital One Funding, LLC, as Transferor, Capital One Bank (USA), National Association, as Servicer, and The Bank of New York Mellon, as Trustee, does hereby certify as follows:
1.
Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or Series Supplement, as applicable.
2.
Capital One Bank (USA), National Association is, as of the date hereof, the Servicer under the Agreement.
3.
The undersigned is a Servicing Officer.
4.
This Certificate relates to the Distribution Date occurring on February 15, 2018.
5.
As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects under the Agreement through the Monthly Period preceding such Distribution Date.
6.
As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution Date.
7.
As of the date hereof, to the best knowledge of the undersigned, no Lien has been placed on any of the receivables other than pursuant to the Agreement.
 
 
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of February 2018.
CAPITAL ONE BANK (USA), National Association as Servicer
 
 
By:
/s/ Shaun Ross
Name:
Shaun Ross
Title:
Authorized Officer


5
EX-99.2 3 exhibit992nhsjan2018.htm EXHIBIT 99.2 Exhibit
Exhibit 99.2
CARD SERIES SCHEDULE TO
MONTHLY NOTEHOLDERS' STATEMENT

Date: February 12, 2018


CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1
Monthly Period Ending: January 31, 2018

Reference is made to the Amended and Restated Series 2002-CC Supplement, dated as of October 9, 2002, as amended and restated as of March 17, 2016 (as amended and restated, the “Series 2002-CC Supplement”), among Capital One Funding, LLC, a Virginia limited liability company (“Funding”), as Transferor, Capital One Bank (USA), National Association, a national banking association (the “Bank”), as Servicer, and The Bank of New York Mellon, as Trustee, and the Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 17, 2016 (as amended and restated, the “Indenture”), between Capital One Multi-asset Execution Trust, as Issuer, and The Bank of New York Mellon, as Indenture Trustee.

The following computations are prepared with respect to the Transfer Date of February 14, 2018 and with respect to the performance of the Trust during the related Monthly Period from January 1, 2018 through January 31, 2018.

The Current Distribution Date is February 15, 2018.

Interest Period for all tranches generally includes the previous Distribution Date (or in the case of the initial Interest Payment Date, the Issuance Date) through the day preceding the current Distribution Date.

Interest on floating rate tranches is calculated on the basis of a 360-day year and the actual number of days in the related Interest Period. Interest on fixed rate tranches is calculated on the basis of a 360-day year and twelve 30-day months.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange
Commission(“SEC”).

Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007, and March 17, 2016.
 
Included in Exhibit 4.2 to Funding's Form 8-K filed with the SEC on March 17, 2016.
 
 
 
First Amendment to Amended and Restated Pooling and Servicing Agreement dated as January 27, 2017.
 
Included in Exhibit 4.1 to Funding's Form 8-K filed with the SEC on January 27, 2017.
 
 
 
Amended and Restated Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, as amended and restated as of March 17, 2016, relating to the COMT Collateral Certificate.
 
Included in Exhibit 4.3 to Funding's Form 8-K filed with the SEC on March 17, 2016.
 
 
 
Transfer and Administration Agreement dated as of October 9, 2002.
 
Included in Exhibit 4.2 to Funding's Form 8-K filed with the SEC on November 12, 2002.
 
 
 
First Amendment to Transfer and Administration Agreement dated as of March 1, 2008.
 
Included in Exhibit 4.10 to Funding's Form 8-K filed with the SEC on March 4, 2008.
 
 
 
Capital One Multi-asset Execution Trust Amended and Restated Trust Agreement dated as of October 9, 2002.
 
Included in Exhibit 4.3 to Funding's Form 8-K filed with the SEC on November 12, 2002.
 
 
 
Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 17, 2016.
 
Included in Exhibit 4.4 to Funding's Form 8-K filed with the SEC on March 17, 2016.
 
 
 
COMT Asset Pool I Supplement dated as of October 9, 2002.
 
Included in Exhibit 4.5 to Funding's Form 8-K filed with the SEC on November 12, 2002.
 
 
 
First Amendment to COMT Asset Pool I Supplement dated as of March 1, 2008.
 
Included in Exhibit 4.8 to Funding's Form 8-K filed with the SEC on March 4, 2008.
 
 
 
Card Series Indenture Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016.
 
Included in Exhibit 4.5 to Funding's Form 8-K filed with the SEC on March 17, 2016.





1


A. Interest to be paid on the corresponding Distribution Date:
 
CUSIP Number
 
Interest Payment
Date
 
Total Amount of
Interest to be paid
 
Per $1000 of
Outstanding Dollar
Principal Amount
CLASS A (2014-3)
14041NER8
 
15-Feb-18
 
727,293.75

 
1.6162083333

CLASS A (2014-4)
14041NES6
 
15-Feb-18
 
879,747.92

 
1.5995416727

CLASS A (2015-1 )
14041NEU1
 
15-Feb-18
 
1,447,916.67

 
1.1583333360

CLASS A (2015-2)
14041NEV9
 
15-Feb-18
 
1,126,666.67

 
1.7333333385

CLASS A (2015-3)
14041NEW7
 
15-Feb-18
 
693,971.88

 
1.6328750118

CLASS A (2015-4)
14041NEX5
 
15-Feb-18
 
630,208.33

 
2.2916666545

CLASS A (2015-5)
14041NEY3
 
15-Feb-18
 
933,333.33

 
1.3333333286

CLASS A (2015-7)
14041NFA4
 
15-Feb-18
 
513,541.67

 
1.2083333412

CLASS A (2015-8)
14041NFB2
 
15-Feb-18
 
854,166.67

 
1.7083333400

CLASS A (2016-1)
14041NFC0
 
15-Feb-18
 
2,176,904.17

 
1.6745416692

CLASS A (2016-2)
14041NFD8
 
15-Feb-18
 
1,140,338.54

 
1.8245416640

CLASS A (2016-3)
14041NFE6
 
15-Feb-18
 
1,507,500.00

 
1.1166666667

CLASS A (2016-4)
14041NFF3
 
15-Feb-18
 
1,219,166.67

 
1.1083333364

CLASS A (2016-5)
14041NFG1
 
15-Feb-18
 
864,583.33

 
1.3833333280

CLASS A (2016-6)
14041NFH9
 
15-Feb-18
 
1,213,333.33

 
1.5166666625

CLASS A (2016-7)
14041NFJ5
 
15-Feb-18
 
819,157.29

 
1.7245416632

CLASS A (2017-1)
14041NFK2
 
15-Feb-18
 
2,666,666.67

 
1.6666666688

CLASS A (2017-2)
14041NFL0
 
15-Feb-18
 
984,725.00

 
1.6412083333

CLASS A (2017-3)
14041NFM8
 
15-Feb-18
 
1,620,000.00

 
2.0250000000

CLASS A (2017-4)
14041NFN6
 
15-Feb-18
 
2,487,500.00

 
1.6583333333

CLASS A (2017-5)
14041NFP1
 
15-Feb-18
 
1,069,725.00

 
1.7828750000

CLASS A (2017-6)
14041NFQ9
 
15-Feb-18
 
1,717,500.00

 
1.9083333333

Total Class A
 
 
 
 
27,293,946.89

 
 
CLASS B (2004-3)
14041NBL4
 
15-Feb-18
 
286,181.25

 
1.9078750000

CLASS B (2005-3)
14041NCG4
 
16-Apr-18
 
-

 
0.0000000000

CLASS B (2009-C)
 
 
15-Feb-18
 
2,874,399.79

 
1.5495416658

Total Class B
 
 
 
 
3,160,581.04

 
 
CLASS C (2009-A)
 
 
15-Feb-18
 
3,735,410.21

 
1.7745416675

Total Class C
 
 
 
 
3,735,410.21

 
 
Total
 
 
 
 
34,189,938.14

 
 































2



B. Principal to be paid on the Distribution Date:
 
CUSIP Number
 
Principal Payment Date
 
Total Amount of Principal to be paid
 
Per $1000 of Outstanding Dollar Principal Amount
NOTHING TO REPORT
 
 
 
 
 
 
 









































3



C. Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:
(as of the end of the related Monthly Period)
 
Initial Dollar Principal Amount
 
Outstanding Dollar Principal Amount
 
Adjusted Outstanding Dollar Principal Amount
 
Nominal Liquidation Amount
CLASS A (2014-3)
450,000,000.00

 
450,000,000.00

 
450,000,000.00

 
450,000,000.00

CLASS A (2014-4)
550,000,000.00

 
550,000,000.00

 
550,000,000.00

 
550,000,000.00

CLASS A (2015-1 )
1,250,000,000.00

 
1,250,000,000.00

 
1,250,000,000.00

 
1,250,000,000.00

CLASS A (2015-2)
650,000,000.00

 
650,000,000.00

 
650,000,000.00

 
650,000,000.00

CLASS A (2015-3)
425,000,000.00

 
425,000,000.00

 
425,000,000.00

 
425,000,000.00

CLASS A (2015-4)
275,000,000.00

 
275,000,000.00

 
275,000,000.00

 
275,000,000.00

CLASS A (2015-5)
700,000,000.00

 
700,000,000.00

 
700,000,000.00

 
700,000,000.00

CLASS A (2015-7)
425,000,000.00

 
425,000,000.00

 
425,000,000.00

 
425,000,000.00

CLASS A (2015-8)
500,000,000.00

 
500,000,000.00

 
500,000,000.00

 
500,000,000.00

CLASS A (2016-1)
1,300,000,000.00

 
1,300,000,000.00

 
1,300,000,000.00

 
1,300,000,000.00

CLASS A (2016-2)
625,000,000.00

 
625,000,000.00

 
625,000,000.00

 
625,000,000.00

CLASS A (2016-3)
1,350,000,000.00

 
1,350,000,000.00

 
1,350,000,000.00

 
1,350,000,000.00

CLASS A (2016-4)
1,100,000,000.00

 
1,100,000,000.00

 
1,100,000,000.00

 
1,100,000,000.00

CLASS A (2016-5)
625,000,000.00

 
625,000,000.00

 
625,000,000.00

 
625,000,000.00

CLASS A (2016-6)
800,000,000.00

 
800,000,000.00

 
800,000,000.00

 
800,000,000.00

CLASS A (2016-7)
475,000,000.00

 
475,000,000.00

 
475,000,000.00

 
475,000,000.00

CLASS A (2017-1)
1,600,000,000.00

 
1,600,000,000.00

 
1,600,000,000.00

 
1,600,000,000.00

CLASS A (2017-2)
600,000,000.00

 
600,000,000.00

 
600,000,000.00

 
600,000,000.00

CLASS A (2017-3)
800,000,000.00

 
800,000,000.00

 
800,000,000.00

 
800,000,000.00

CLASS A (2017-4)
1,500,000,000.00

 
1,500,000,000.00

 
1,500,000,000.00

 
1,500,000,000.00

CLASS A (2017-5)
600,000,000.00

 
600,000,000.00

 
600,000,000.00

 
600,000,000.00

CLASS A (2017-6)
900,000,000.00

 
900,000,000.00

 
900,000,000.00

 
900,000,000.00

Total Class A
17,500,000,000.00

 
17,500,000,000.00

 
17,500,000,000.00

 
17,500,000,000.00

CLASS B (2004-3)
150,000,000.00

 
150,000,000.00

 
150,000,000.00

 
150,000,000.00

CLASS B (2005-3)
100,000,000.00

 
100,000,000.00

 
100,000,000.00

 
100,000,000.00

CLASS B (2009-C)
1,855,000,000.00

 
1,855,000,000.00

 
1,855,000,000.00

 
1,855,000,000.00

Total Class B
2,105,000,000.00

 
2,105,000,000.00

 
2,105,000,000.00

 
2,105,000,000.00

CLASS C (2009-A)
2,105,000,000.00

 
2,105,000,000.00

 
2,105,000,000.00

 
2,105,000,000.00

Total Class C
2,105,000,000.00

 
2,105,000,000.00

 
2,105,000,000.00

 
2,105,000,000.00

CLASS D (2002-1)
 
 
671,447,834.95

 
671,447,834.95

 
671,447,834.95

Total
21,710,000,000.00

 
22,381,447,834.95

 
22,381,447,834.95

 
22,381,447,834.95





4


D. Nominal Liquidation Amount for Tranches of Notes Outstanding:
(including all tranches issued as of the end of the Monthly Period, after taking into account all allocations expected to occur on the Distribution Date)
 
End of Month Nominal Liquidation Amount
Increase due to accretions of Principal for Discount Notes
Withdrawal from Principal Funding sub-account
Reimbursements of Nominal Liquidation Amount from Available Funds
Reductions due to reallocation of Card Series Principal Amounts
Reduction due to Investor Charge-offs
Reductions due to deposits into the Principal Funding sub-Account
Nominal Liquidation Amount as of the Distribution Date*
CLASS A (2014-3)
450,000,000.00







450,000,000.00

CLASS A (2014-4)
550,000,000.00







550,000,000.00

CLASS A (2015-1 )
1,250,000,000.00







1,250,000,000.00

CLASS A (2015-2)
650,000,000.00







650,000,000.00

CLASS A (2015-3)
425,000,000.00







425,000,000.00

CLASS A (2015-4)
275,000,000.00







275,000,000.00

CLASS A (2015-5)
700,000,000.00







700,000,000.00

CLASS A (2015-7)
425,000,000.00







425,000,000.00

CLASS A (2015-8)
500,000,000.00







500,000,000.00

CLASS A (2016-1)
1,300,000,000.00







1,300,000,000.00

CLASS A (2016-2)
625,000,000.00







625,000,000.00

CLASS A (2016-3)
1,350,000,000.00







1,350,000,000.00

CLASS A (2016-4)
1,100,000,000.00







1,100,000,000.00

CLASS A (2016-5)
625,000,000.00







625,000,000.00

CLASS A (2016-6)
800,000,000.00







800,000,000.00

CLASS A (2016-7)
475,000,000.00







475,000,000.00

CLASS A (2017-1)
1,600,000,000.00







1,600,000,000.00

CLASS A (2017-2)
600,000,000.00







600,000,000.00

CLASS A (2017-3)
800,000,000.00







800,000,000.00

CLASS A (2017-4)
1,500,000,000.00







1,500,000,000.00

CLASS A (2017-5)
600,000,000.00







600,000,000.00

CLASS A (2017-6)
900,000,000.00







900,000,000.00

Total Class A
17,500,000,000.00







17,500,000,000.00

CLASS B (2004-3)
150,000,000.00







150,000,000.00

CLASS B (2005-3)
100,000,000.00







100,000,000.00

CLASS B (2009-C)
1,855,000,000.00







1,855,000,000.00

Total Class B
2,105,000,000.00







2,105,000,000.00

CLASS C (2009-A)
2,105,000,000.00







2,105,000,000.00

Total Class C
2,105,000,000.00







2,105,000,000.00

Class D (2002-1)
671,447,834.95







671,447,834.95

Total
22,381,447,834.95







22,381,447,834.95

* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Period. Additionally, the Class D balance reflects any reductions due to maturities that will occur on the distribution date.


5


E. Targeted Deposits to Principal Funding sub-Accounts:
 
Beginning Principal Funding sub-Account Balance
Targeted Deposit to Principal Funding sub-Account
Previous shortfalls of targeted deposits to the Principal Funding sub-Account
Actual Deposit to Principal Funding sub-Account
Amounts withdrawn from the Principal Funding sub-Account for payment to noteholders
Ending Principal Funding sub-Account Balance
Principal Funding sub-Account Earnings
NOTHING TO REPORT
 
 
 
 
 
 
 


































6


F. Targeted Deposits to Interest Funding sub-Accounts:

 
Applicable Interest Rates
Beginning Interest Funding sub-Account Balance (1)
Targeted Deposit to Interest Funding sub-Account
Previous Shortfalls of targeted deposits to the Interest Funding
sub-Account
Actual Deposit to Interest Funding sub-Account (2)
Amounts withdrawn from the Interest Funding sub-Account for payment to Noteholders (3)
Ending Interest Funding sub-Account Balance (1)
Interest Funding sub-Account Earnings
CLASS A (2014-3)
1.939
%

727,293.75


727,293.75

(727,293.75
)

0.00

CLASS A (2014-4)
1.919
%

879,747.92


879,747.92

(879,747.92
)

0.00

CLASS A (2015-1 )
1.390
%

1,447,916.67


1,447,916.67

(1,447,916.67
)

0.00

CLASS A (2015-2)
2.080
%

1,126,666.67


1,126,666.67

(1,126,666.67
)

0.00

CLASS A (2015-3)
1.959
%

693,971.88


693,971.88

(693,971.88
)

0.00

CLASS A (2015-4)
2.750
%

630,208.33


630,208.33

(630,208.33
)

0.00

CLASS A (2015-5)
1.600
%

933,333.33


933,333.33

(933,333.33
)

0.00

CLASS A (2015-7)
1.450
%

513,541.67


513,541.67

(513,541.67
)

0.00

CLASS A (2015-8)
2.050
%

854,166.67


854,166.67

(854,166.67
)

0.00

CLASS A (2016-1)
2.009
%

2,176,904.17


2,176,904.17

(2,176,904.17
)

0.00

CLASS A (2016-2)
2.189
%

1,140,338.54


1,140,338.54

(1,140,338.54
)

0.00

CLASS A (2016-3)
1.340
%

1,507,500.00


1,507,500.00

(1,507,500.00
)

0.00

CLASS A (2016-4)
1.330
%

1,219,166.67


1,219,166.67

(1,219,166.67
)

0.00

CLASS A (2016-5)
1.660
%

864,583.33


864,583.33

(864,583.33
)

0.00

CLASS A (2016-6)
1.820
%

1,213,333.33


1,213,333.33

(1,213,333.33
)

0.00

CLASS A (2016-7)
2.069
%

819,157.29


819,157.29

(819,157.29
)

0.00

CLASS A (2017-1)
2.000
%

2,666,666.67


2,666,666.67

(2,666,666.67
)

0.00

CLASS A (2017-2)
1.969
%

984,725.00


984,725.00

(984,725.00
)

0.00

CLASS A (2017-3)
2.430
%

1,620,000.00


1,620,000.00

(1,620,000.00
)

0.00

CLASS A (2017-4)
1.990
%

2,487,500.00


2,487,500.00

(2,487,500.00
)

0.00

CLASS A (2017-5)
2.139
%

1,069,725.00


1,069,725.00

(1,069,725.00
)

0.00

CLASS A (2017-6)
2.290
%

1,717,500.00


1,717,500.00

(1,717,500.00
)

0.00

Total Class A
 

27,293,946.89


27,293,946.89

(27,293,946.89
)

0.00

CLASS B (2004-3)
2.289
%

286,181.25


286,181.25

(286,181.25
)

0.00

CLASS B (2005-3)
2.270
%

189,182.50


189,182.50


189,182.50

155.17

CLASS B (2009-C)


2,874,399.79


2,874,399.79

(2,874,399.79
)

0.00

Total Class B
 

3,349,763.54


3,349,763.54

(3,160,581.04
)
189,182.50

155.17

CLASS C (2009-A)


3,735,410.21


3,735,410.21

(3,735,410.21
)

0.00

Total Class C
 

3,735,410.21


3,735,410.21

(3,735,410.21
)

0.00

Total
 

34,379,120.64


34,379,120.64

(34,189,938.14
)
189,182.50

155.17



7



G. Class C Reserve sub-Accounts:
 
Beginning Class C Reserve sub-Account Balance
 
Targeted Deposit to Class C Reserve sub-Account
 
Actual Deposit to Class C Reserve sub-Account
 
Withdrawals from Class C Reserve sub-Account Balance
 
Ending Class C Reserve sub-Account Balance
 
Class C Reserve sub-Account Earnings
NOTHING TO REPORT
 
 
 
 
 
 
 
 
 
 
 

H. Targeted Deposits to Class D Reserve sub-Accounts:
(Beginning Class D Reserve sub-account Balance includes Class D Reserve sub-Account Earnings and deposits related to any new issuances)
 
Beginning Class D Reserve sub-Account Balance
 
Targeted Deposit to Class D Reserve sub-Account
 
Actual Deposit to Class D Reserve sub-Account
 
Withdrawals from Class D Reserve sub-Account Balance
 
Ending Class D Reserve sub-Account Balance
 
Class D Reserve sub-Account Earnings
NOTHING TO REPORT

I. Targeted Deposits to Accumulation Reserve sub-Accounts:
 
Beginning Accumulation Reserve sub-Account Balance
 
Targeted Deposit to Accumulation Reserve sub-Account
 
Actual Deposit to Accumulation Reserve sub-Account
 
Withdrawals from Accumulation Reserve Account for Interest
 
Withdrawals from Accumulation Reserve Account for Payments to Issuer
 
Ending Accumulation Reserve Balance
 sub-Account
 
Accumulation Reserve sub-Account Earnings
NOTHING TO REPORT
















8


J. Class A Usage of Class B, C and D Subordination Amounts:
 
Class A Usage of Class B Subordination Amount for this Monthly Period
 
Class A Usage of Class C Subordination Amount for this Monthly Period
 
Class A Usage of Class D Subordination Amount for this Monthly Period
 
Cumulative Class A Usage of Class B Subordination Amount
 
Cumulative Class A Usage of Class C Subordination Amount
 
Cumulative Class A Usage of Class D Subordination Amount
NOTHING TO REPORT

K. Class B Usage of Class C and D Subordination Amounts:
 
Class B Usage of Class C Subordination Amount for this Monthly Period
 
Class B Usage of Class D Subordination Amount for this Monthly Period
 
Cumulative Class B Usage of Class C Subordination Amount
 
Cumulative Class B Usage of Class D Subordination Amount
NOTHING TO REPORT

L. Class C Usage of Class D Subordination Amount
 
Class C Usage of Class D Subordination Amount for this Monthly Period
 
Cumulative Class C Usage of Class D Subordination Amount
NOTHING TO REPORT





















9



M. Required and Available Subordination Amount to Class A, B and C Notes:
(as of Determination Date, after taking into account all maturities expected to occur on the Distribution Date)
 
 
Required Subordination Amount from Class B Notes
 
Available Subordination Amount from Class B Notes
 
Required Subordination Amount from Class C Notes
 
Available Subordination Amount from Class C Notes
 
Required Subordination Amount from Class D Notes
 
Available Subordination Amount from Class D Notes
CLASS A (2014-3)
 
51,266,250.00

 
51,266,250.00

 
51,266,250.00

 
51,266,250.00

 
17,088,750.00

 
17,088,750.00

CLASS A (2014-4)
 
62,658,750.00

 
62,658,750.00

 
62,658,750.00

 
62,658,750.00

 
20,886,250.00

 
20,886,250.00

CLASS A (2015-1)
 
142,406,250.00

 
142,406,250.00

 
142,406,250.00

 
142,406,250.00

 
47,468,750.00

 
47,468,750.00

CLASS A (2015-2)
 
74,051,250.00

 
74,051,250.00

 
74,051,250.00

 
74,051,250.00

 
24,683,750.00

 
24,683,750.00

CLASS A (2015-3)
 
48,418,125.00

 
48,418,125.00

 
48,418,125.00

 
48,418,125.00

 
16,139,375.00

 
16,139,375.00

CLASS A (2015-4)
 
31,329,375.00

 
31,329,375.00

 
31,329,375.00

 
31,329,375.00

 
10,443,125.00

 
10,443,125.00

CLASS A (2015-5)
 
79,747,500.00

 
79,747,500.00

 
79,747,500.00

 
79,747,500.00

 
26,582,500.00

 
26,582,500.00

CLASS A (2015-7)
 
48,418,125.00

 
48,418,125.00

 
48,418,125.00

 
48,418,125.00

 
16,139,375.00

 
16,139,375.00

CLASS A (2015-8)
 
56,962,500.00

 
56,962,500.00

 
56,962,500.00

 
56,962,500.00

 
18,987,500.00

 
18,987,500.00

CLASS A (2016-1)
 
148,102,500.00

 
148,102,500.00

 
148,102,500.00

 
148,102,500.00

 
49,367,500.00

 
49,367,500.00

CLASS A (2016-2)
 
71,203,125.00

 
71,203,125.00

 
71,203,125.00

 
71,203,125.00

 
23,734,375.00

 
23,734,375.00

CLASS A (2016-3)
 
153,798,750.00

 
153,798,750.00

 
153,798,750.00

 
153,798,750.00

 
51,266,250.00

 
51,266,250.00

CLASS A (2016-4)
 
125,317,500.00

 
125,317,500.00

 
125,317,500.00

 
125,317,500.00

 
41,772,500.00

 
41,772,500.00

CLASS A (2016-5)
 
71,203,125.00

 
71,203,125.00

 
71,203,125.00

 
71,203,125.00

 
23,734,375.00

 
23,734,375.00

CLASS A (2016-6)
 
91,140,000.00

 
91,140,000.00

 
91,140,000.00

 
91,140,000.00

 
30,380,000.00

 
30,380,000.00

CLASS A (2016-7)
 
54,114,375.00

 
54,114,375.00

 
54,114,375.00

 
54,114,375.00

 
18,038,125.00

 
18,038,125.00

CLASS A (2017-1)
 
182,280,000.00

 
182,280,000.00

 
182,280,000.00

 
182,280,000.00

 
60,760,000.00

 
60,760,000.00

CLASS A (2017-2)
 
68,355,000.00

 
68,355,000.00

 
68,355,000.00

 
68,355,000.00

 
22,785,000.00

 
22,785,000.00

CLASS A (2017-3)
 
91,140,000.00

 
91,140,000.00

 
91,140,000.00

 
91,140,000.00

 
30,380,000.00

 
30,380,000.00

CLASS A (2017-4)
 
170,887,500.00

 
170,887,500.00

 
170,887,500.00

 
170,887,500.00

 
56,962,500.00

 
56,962,500.00

CLASS A (2017-5)
 
68,355,000.00

 
68,355,000.00

 
68,355,000.00

 
68,355,000.00

 
22,785,000.00

 
22,785,000.00

CLASS A (2017-6)
 
102,532,500.00

 
102,532,500.00

 
102,532,500.00

 
102,532,500.00

 
34,177,500.00

 
34,177,500.00

Total Class A
 
1,993,687,500.00

 
1,993,687,500.00

 
1,993,687,500.00

 
1,993,687,500.00

 
664,562,500.00

 
664,562,500.00

CLASS B (2004-3)
 
 
 
 
 
142,879,223.04

 
142,879,223.04

 
47,626,407.68

 
47,626,407.68

CLASS B (2005-3)
 
 
 
 
 
95,252,815.36

 
95,252,815.36

 
31,750,938.45

 
31,750,938.45

CLASS B (2009-C)
 
 
 
 
 
1,766,939,724.91

 
1,766,939,724.91

 
588,979,908.31

 
588,979,908.31

Total Class B
 
 
 
 
 
2,005,071,763.31

 
2,005,071,763.31

 
668,357,254.44

 
668,357,254.44

CLASS C (2009-A)
 
 
 
 
 
 
 
 
 
671,447,834.95

 
671,447,834.95

Total Class C
 
 
 
 
 
 
 
 
 
671,447,834.95

 
671,447,834.95










10


N. Early Redemption Event
Current Month Excess Spread Amount
$263,836,782.81
Prior Month Excess Spread Amount
$292,463,218.08
Two Months Prior Excess Spread Amount
$284,902,784.98
Three Month Average Excess Spread Amount
$280,400,928.62
Is the average of the Excess Spread Amount for preceding three months greater than $0?
YES

O. Repurchase Demand Activity (Rule 15Ga-1)

Nothing to Report
Most Recent Form ABS - 15G
Filed by: Capital One Funding, LLC
CIK#: 0001162387
Date: February 10, 2017




11


IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of February 2018.

Capital One Bank (USA), National Association
as Administrator
 
 
 
By:
/s/ Shaun Ross
 
Name:
Shaun Ross
 
Title:
Authorizing Officer
 
Date:
2/12/2018
 



Signature page to CARD SERIES SCHEDULE TO MONTHLY NOTEHOLDERS' STATEMENT



12