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) |
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) |
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 |
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. |
A) | CAPITAL ONE MASTER TRUST (RECEIVABLES) | ||||||
MONTHLY PERIOD: June 2018 | |||||||
ACCOUNTS (a) | |||||||
1) | Beginning of the Month Principal Receivables | $ | 26,331,124,154.70 | ||||
2) | Beginning of the Month Finance Charge Receivables | $ | 437,875,676.60 | ||||
3) | Beginning of the Month AMF Receivables | $ | 12,560,985.95 | ||||
4) | Beginning of the Month Discounted Receivables | $ | 0.00 | ||||
5) | Beginning of the Month Total Receivables | 12,539,248 | $ | 26,781,560,817.25 | |||
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 | $ | 26,301,240,850.86 | ||||
16) | End of the Month Finance Charge Receivables | $ | 439,056,983.73 | ||||
17) | End of the Month AMF Receivables | $ | 11,747,520.49 | ||||
18) | End of the Month Discounted Receivables | $ | 0.00 | ||||
19) | End of the Month Total Receivables | 12,481,018 | $ | 26,752,045,355.08 | |||
20) | Beginning of the Month Excess Funding Account Balance | $ | 0.00 | ||||
21) | Adjusted Invested Amount of all Master Trust Series | $ | 22,123,715,818.32 | ||||
22) | End of the Month Transferor Interest | $ | 4,177,525,032.54 | ||||
23) | End of the Month Transferor Percentage (b) | 15.88 | % | ||||
24) | End of the Month Regulation RR Transferor Percentage (c) | 18.88 | % |
(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: June 2018 | |||||||||
ACCOUNTS | RECEIVABLES | ||||||||
1) | End of the Month Delinquencies: | ||||||||
2) | 30 - 59 Days Delinquent | 48,388 | $ | 147,459,857.60 | |||||
3) | 60 - 89 Days Delinquent | 28,158 | $ | 94,431,537.59 | |||||
4) | 90 - 119 Days Delinquent | 23,016 | $ | 85,177,585.07 | |||||
5) | 120 - 149 Days Delinquent | 21,060 | $ | 83,993,148.26 | |||||
6) | 150 + Days Delinquent | 18,126 | $ | 73,300,847.19 | |||||
7) | Total 30+ Days Delinquent | 138,748 | $ | 484,362,975.71 | |||||
8) | Delinquencies 30 + Days as a Percent of End of the Month Total Receivables | 1.81 | % | ||||||
9) | Total 60+ Days Delinquent | 90,360 | $ | 336,903,118.11 |
10) | Delinquencies 60 + Days as a Percent of End of the Month Total Receivables | 1.26 | % | ||||||
11) | Defaulted Accounts during the Month | 23,295 | $ | 75,850,818.98 | |||||
12) | Annualized Default Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables | 3.46 | % | ||||||
13) | Recoveries of Charged-Off Accounts during the Month | $ | 30,541,732.84 | ||||||
14) | Annualized Recoveries as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables | 1.39 | % | ||||||
15) | Defaulted Accounts, net of Recoveries, during the Month | $ | 45,309,086.14 | ||||||
16) | Annualized Net Default Rate as a Percent of Adjusted Beginning of Month Principal Receivables which includes Additional Principal Receivables | 2.06 | % |
C) | CAPITAL ONE MASTER TRUST (COLLECTIONS) | ||||||||
MONTHLY PERIOD: June 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 | $ | 9,146,341,970.06 | 34.15 | % | ||||
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 | $ | 8,637,118,777.11 | 32.80 | % | ||||
3) | Prior Month Billed Finance Charges and Fees | $ | 284,662,159.46 | ||||||
4) | Amortized AMF Income | $ | 11,700,946.90 | ||||||
5) | Interchange Collected | $ | 181,423,257.57 | ||||||
6) | Recoveries of Charged Off Accounts | $ | 30,541,732.84 | ||||||
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 | $ | 508,328,096.77 | 23.17 | % |
D) | CAPITAL ONE MASTER TRUST (AMF COLLECTIONS) | |||||||||
MONTHLY PERIOD: June 2018 | ||||||||||
1) | Beginning Unamortized AMF Balance | $ | 62,310,143.86 | |||||||
2) | + AMF SLUG | $ | 0.00 | |||||||
3) | + AMF Collections | $ | 12,596,043.08 | |||||||
4) | - Amortized AMF Income | $ | 11,700,946.90 | |||||||
5) | Ending Unamortized AMF Balance | $ | 63,205,240.04 |
E) | CAPITAL ONE MASTER TRUST : SERIES 2002-CC (Floating Allocation Amount) | |||||||||
MONTHLY PERIOD: June 2018 | ||||||||||
1) | Floating Allocation Amount | $ | 22,123,715,818.32 | |||||||
2) | Floating Allocation Percentage | 84.021159 | % | |||||||
3) | Finance Charge Collections Allocated | $ | 427,103,160.86 | |||||||
4) | Plus: Other amounts to be treated as Finance Charge Amounts | $ | 528.24 | |||||||
5) | Less: Servicer Interchange | $ | 13,827,322.39 | |||||||
6) | Available Funds | $ | 413,276,366.71 | |||||||
7) | Allocations of Series 2002-CC Finance Charge Amounts | |||||||||
a) | Class A Targeted Deposit to Interest Funding Account | $ | 30,692,022.75 | |||||||
b) | Class B Targeted Deposit to Interest Funding Account | $ | 4,402,547.03 | |||||||
c) | Class C Targeted Deposit to Interest Funding Account | $ | 4,791,257.74 | |||||||
d) | Series 2002-CC Servicing Fee to the Servicer | $ | 23,045,537.31 | |||||||
e) | Series 2002-CC Servicing Fee previously due and unpaid to the Servicer | $ | 0.00 |
f) | Class D Targeted Deposit to Interest Funding Account | $ | 0.00 | |||||||
g) | Series 2002-CC Defaulted Amount | $ | 63,730,737.58 | |||||||
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 | $ | 286,614,264.30 | |||||||
9) | Total Excess Finance Charges for All Series in Group 1 | $ | 286,614,264.30 | |||||||
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: June 2018 | ||||||
1) | Principal Allocation Amount | $ | 22,123,715,818.32 | |||
2) | Principal Allocation Percentage | 84.021159 | % | |||
3) | Principal Collections Allocated | $ | 7,257,007,342.00 | |||
4) | Series 2002-CC Monthly Principal Payment | $ | 636,269,262.42 | |||
5) | Shared Principal Collections (excess principal) of Series 2002-CC | $ | 6,620,738,079.58 | |||
6) | Total Shared Principal Collections (excess principal) for All Series in Group | $ | 6,620,738,079.58 | |||
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 |
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 July 16, 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 11th day of July 2018. |
CAPITAL ONE BANK (USA), National Association as Servicer | |
By: | /s/ Shaun Ross |
Name: | Shaun Ross |
Title: | Authorized Officer |
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. |
CUSIP Number | Interest Payment Date | Total Amount of Interest to be paid | Per $1000 of Outstanding Dollar Principal Amount | ||||||
CLASS A (2014-3) | 14041NER8 | 16-Jul-18 | 950,634.38 | 2.1125208444 | |||||
CLASS A (2014-4) | 14041NES6 | 16-Jul-18 | 1,152,414.24 | 2.0952986182 | |||||
CLASS A (2015-2) | 14041NEV9 | 16-Jul-18 | 1,126,666.67 | 1.7333333385 | |||||
CLASS A (2015-3) | 14041NEW7 | 16-Jul-18 | 905,140.80 | 2.1297430588 | |||||
CLASS A (2015-4) | 14041NEX5 | 16-Jul-18 | 630,208.33 | 2.2916666545 | |||||
CLASS A (2015-5) | 14041NEY3 | 16-Jul-18 | 933,333.33 | 1.3333333286 | |||||
CLASS A (2015-7) | 14041NFA4 | 16-Jul-18 | 513,541.67 | 1.2083333412 | |||||
CLASS A (2015-8) | 14041NFB2 | 16-Jul-18 | 854,166.67 | 1.7083333400 | |||||
CLASS A (2016-1) | 14041NFC0 | 16-Jul-18 | 2,824,638.19 | 2.1727986077 | |||||
CLASS A (2016-2) | 14041NFD8 | 16-Jul-18 | 1,454,874.13 | 2.3277986080 | |||||
CLASS A (2016-3) | 14041NFE6 | 16-Jul-18 | 1,507,500.00 | 1.1166666667 | |||||
CLASS A (2016-4) | 14041NFF3 | 16-Jul-18 | 1,219,166.67 | 1.1083333364 | |||||
CLASS A (2016-5) | 14041NFG1 | 16-Jul-18 | 864,583.33 | 1.3833333280 | |||||
CLASS A (2016-6) | 14041NFH9 | 16-Jul-18 | 1,213,333.33 | 1.5166666625 | |||||
CLASS A (2016-7) | 14041NFJ5 | 16-Jul-18 | 1,056,621.01 | 2.2244652842 | |||||
CLASS A (2017-1) | 14041NFK2 | 16-Jul-18 | 2,666,666.67 | 1.6666666688 | |||||
CLASS A (2017-2) | 14041NFL0 | 16-Jul-18 | 1,283,012.50 | 2.1383541667 | |||||
CLASS A (2017-3) | 14041NFM8 | 16-Jul-18 | 1,620,000.00 | 2.0250000000 | |||||
CLASS A (2017-4) | 14041NFN6 | 16-Jul-18 | 2,487,500.00 | 1.6583333333 | |||||
CLASS A (2017-5) | 14041NFP1 | 16-Jul-18 | 1,370,845.83 | 2.2847430500 | |||||
CLASS A (2017-6) | 14041NFQ9 | 16-Jul-18 | 1,717,500.00 | 1.9083333333 | |||||
CLASS A (2018-1) | 14041NFR7 | 16-Jul-18 | 1,505,000.00 | 2.5083333333 | |||||
CLASS A (2018-2) | 14041NFS5 | 16-Jul-18 | 834,675.00 | 2.0866875000 | |||||
Total Class A | 30,692,022.75 | ||||||||
CLASS B (2004-3) | 14041NBL4 | 16-Jul-18 | 362,086.46 | 2.4139097333 | |||||
CLASS B (2005-3) | 14041NCG4 | 16-Jul-18 | 732,471.64 | 7.3247164000 | |||||
CLASS B (2009-C) | 16-Jul-18 | 3,790,937.26 | 2.0436319461 | ||||||
Total Class B | 4,885,495.36 | ||||||||
CLASS C (2009-A) | 16-Jul-18 | 4,791,257.74 | 2.2761319430 | ||||||
Total Class C | 4,791,257.74 | ||||||||
Total | 40,368,775.85 |
CUSIP Number | Principal Payment Date | Total Amount of Principal to be paid | Per $1000 of Outstanding Dollar Principal Amount | ||||
CLASS A (2015-5) | 14041NEY3 | 16-Jul-18 | 700,000,000.00 | 1,000.0000000000 |
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 (2015-2) | 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 | |||||||
CLASS A (2018-1) | 600,000,000.00 | 600,000,000.00 | 600,000,000.00 | 600,000,000.00 | |||||||
CLASS A (2018-2) | 400,000,000.00 | 400,000,000.00 | 400,000,000.00 | 400,000,000.00 | |||||||
Total Class A | 17,250,000,000.00 | 17,250,000,000.00 | 17,250,000,000.00 | 17,250,000,000.00 | |||||||
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) | 663,715,818.32 | 663,715,818.32 | 663,715,818.32 | ||||||||
Total | 21,460,000,000.00 | 22,123,715,818.32 | 22,123,715,818.32 | 22,123,715,818.32 |
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 (2015-2) | 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 | ||||||||
CLASS A (2018-1) | 600,000,000.00 | — | — | — | — | — | — | 600,000,000.00 | ||||||||
CLASS A (2018-2) | 400,000,000.00 | — | — | — | — | — | — | 400,000,000.00 | ||||||||
Total Class A | 17,250,000,000.00 | — | — | — | — | — | 700,000,000.00 | 16,550,000,000.00 | ||||||||
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) | 663,715,818.32 | — | — | — | — | — | — | 642,066,171.76 | ||||||||
Total | 22,123,715,818.32 | — | — | — | — | — | 700,000,000.00 | 21,402,066,171.76 |
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 | ||||
CLASS A (2015-5) | 700,000,000.00 | 700,000,000.00 | 700,000,000.00 |
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) | 2.453 | % | — | 950,634.38 | — | 950,634.38 | (950,634.38 | ) | — | 0.00 | ||||||
CLASS A (2014-4) | 2.433 | % | — | 1,152,414.24 | — | 1,152,414.24 | (1,152,414.24 | ) | — | 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) | 2.473 | % | — | 905,140.80 | — | 905,140.80 | (905,140.80 | ) | — | 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) | 2.523 | % | — | 2,824,638.19 | — | 2,824,638.19 | (2,824,638.19 | ) | — | 0.00 | ||||||
CLASS A (2016-2) | 2.703 | % | — | 1,454,874.13 | — | 1,454,874.13 | (1,454,874.13 | ) | — | 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) | 2.583 | % | — | 1,056,621.01 | — | 1,056,621.01 | (1,056,621.01 | ) | — | 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) | 2.483 | % | — | 1,283,012.50 | — | 1,283,012.50 | (1,283,012.50 | ) | — | 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) | 2.653 | % | — | 1,370,845.83 | — | 1,370,845.83 | (1,370,845.83 | ) | — | 0.00 | ||||||
CLASS A (2017-6) | 2.290 | % | — | 1,717,500.00 | — | 1,717,500.00 | (1,717,500.00 | ) | — | 0.00 | ||||||
CLASS A (2018-1) | 3.010 | % | — | 1,505,000.00 | — | 1,505,000.00 | (1,505,000.00 | ) | — | 0.00 | ||||||
CLASS A (2018-2) | 2.423 | % | — | 834,675.00 | — | 834,675.00 | (834,675.00 | ) | — | 0.00 | ||||||
Total Class A | — | 30,692,022.75 | — | 30,692,022.75 | (30,692,022.75 | ) | — | 0.00 | ||||||||
CLASS B (2004-3) | 2.803 | % | — | 362,086.46 | — | 362,086.46 | (362,086.46 | ) | — | 0.00 | ||||||
CLASS B (2005-3) | 2.898 | % | 482,948.33 | 249,523.31 | — | 249,523.31 | (732,471.64 | ) | — | 528.24 | ||||||
CLASS B (2009-C) | — | — | 3,790,937.26 | — | 3,790,937.26 | (3,790,937.26 | ) | — | 0.00 | |||||||
Total Class B | 482,948.33 | 4,402,547.03 | — | 4,402,547.03 | (4,885,495.36 | ) | — | 528.24 | ||||||||
CLASS C (2009-A) | — | — | 4,791,257.74 | — | 4,791,257.74 | (4,791,257.74 | ) | — | 0.00 | |||||||
Total Class C | — | 4,791,257.74 | — | 4,791,257.74 | (4,791,257.74 | ) | — | 0.00 | ||||||||
Total | 482,948.33 | 39,885,827.52 | — | 39,885,827.52 | (40,368,775.85 | ) | — | 528.24 |
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 |
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 |
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 |
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 |
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 |
Class C Usage of Class D Subordination Amount for this Monthly Period | Cumulative Class C Usage of Class D Subordination Amount | ||
NOTHING TO REPORT |
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 (2015-2) | 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) | ||||||||||||||||||
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 | ||||||||||||
CLASS A (2018-1) | 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 (2018-2) | 45,570,000.00 | 45,570,000.00 | 45,570,000.00 | 45,570,000.00 | 15,190,000.00 | 15,190,000.00 | ||||||||||||
Total Class A | 1,885,458,750.00 | 1,885,458,750.00 | 1,885,458,750.00 | 1,885,458,750.00 | 628,486,250.00 | 628,486,250.00 | ||||||||||||
CLASS B (2004-3) | 135,955,716.79 | 135,955,716.79 | 45,318,572.26 | 45,318,572.26 | ||||||||||||||
CLASS B (2005-3) | 90,637,144.53 | 90,637,144.53 | 30,212,381.51 | 30,212,381.51 | ||||||||||||||
CLASS B (2009-C) | 1,681,319,030.94 | 1,681,319,030.94 | 560,439,676.98 | 560,439,676.98 | ||||||||||||||
Total Class B | 1,907,911,892.26 | 1,907,911,892.26 | 635,970,630.75 | 635,970,630.75 | ||||||||||||||
CLASS C (2009-A) | 642,066,171.75 | 642,066,171.75 | ||||||||||||||||
Total Class C | 642,066,171.75 | 642,066,171.75 |
Current Month Excess Spread Amount | $286,614,264.30 |
Prior Month Excess Spread Amount | $296,395,153.04 |
Two Months Prior Excess Spread Amount | $250,608,857.10 |
Three Month Average Excess Spread Amount | $277,872,758.15 |
Is the average of the Excess Spread Amount for preceding three months greater than $0? | YES |
Capital One Bank (USA), National Association as Administrator | ||
By: | /s/ Shaun Ross | |
Name: | Shaun Ross | |
Title: | Authorizing Officer | |
Date: | 7/11/2018 |