EX-99.2 3 d708368dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 04/10/2014

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: March 31, 2014

Reference is made to the Series 2002-CC Supplement as amended,(the “Series 2002-CC Supplement”), dated as of October 9, 2002, between 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 as amended,(the “Indenture”), dated as of October 9, 2002, 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 April 14, 2014 and with respect to the performance of the Trust during the related Monthly Period from March 1, 2014 through March 31, 2014. Current Distribution Date is April 15, 2014.

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 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 Commision (“SEC”).

 

Amended and Restated Pooling and Servicing Agreement dated as of August 1, 2002, January 13, 2006, March 23, 2007 and July 1, 2007    Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on July 6, 2007.
First Amendment to Amended and Restated Pooling and Servicing Agreement dated as of March 1, 2008.    Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Second Amendment to Amended and Restated Pooling and Servicing Agreement dated as of July 15, 2010.    Included in Exhibit 4.1 to Trust’s Form 8-K filed with the SEC on July 15, 2010.
Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, relating to the COMT Collateral Certificate.    Included in Exhibit 4.1 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to the Series 2002-CC Supplement dated as of March 1, 2008.    Included in Exhibit 4.6 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
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.

 

1

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.    Included in Exhibit 4.4 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Indenture dated as of March 1, 2008.    Included in Exhibit 4.7 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
COMT Asset Pool 1 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 1 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.
COMT Asset Pool 1 Supplement dated as of October 9, 2002.    Included in Exhibit 4.6 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Card Series Indenture Supplement dated as of March 1, 2008.    Included in Exhibit 4.9 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

 

2

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 (2004-4)

    14041NBN0    15-Apr-14      151,041.67         0.3020833400   

Class A (2005- 9)

    14041NCK5    15-Apr-14      64,142.36         0.1973611077   

Class A (2006- 3)

    14041NCQ2    15-Apr-14      1,683,333.33         4.2083333250   

Class A (2006-11)

    14041NDB4    15-Apr-14      148,020.83         0.1973611067   

Class A (2007- 1)

    14041NDG3    15-Apr-14      103,211.81         0.1651388960   

Class A (2007- 2)

    14041NDL2    15-Apr-14      132,513.89         0.1893055571   

Class A (2007- A)

    U13554AD9    15-Apr-14      866,666.67         4.3333333500   

Class A (2007-5)

    14041NDT5    15-Apr-14      94,250.00         0.1570833333   

Class A (2007-7)

    14041NDX6    15-Apr-14      4,791,666.67         4.7916666700   

Class A (2013-1)

    14041NEK3    15-Apr-14      393,750.00         0.5250000000   

Class A (2013-2)

    14041NEL1    15-Apr-14      188,902.78         0.2698611143   

Class A (2013-3)

    14041NEM9    15-Apr-14      600,000.00         0.8000000000   

Class A (2014-1)

    14041NEN7    15-Apr-14      684,000.00         0.7200000000   
        

 

 

     

Total Class A

            9,901,500.01      

Class B (2004-3)

    14041NBL4    15-Apr-14      106,937.50         0.7129166667   

Class B (2004-7)

       15-Apr-14      384,001.47         2.0801249695   

Class B (2005-1)

    14041NBX8    15-Apr-14      714,583.33         4.0833333143   

Class B (2005-3)

    14041NCG4    15-Apr-14      197,225.00         1.9722500000   

Class B (2006-1)

    14041NCT6    15-Apr-14      61,322.92         0.3504166857   

Class B (2007- 1)

    14041NDH1    15-Apr-14      119,826.39         0.3423611143   

Class B (2009-C)

       15-Apr-14      —           0.0000000000   
        

 

 

     

Total Class B

            1,583,896.61      

Class C (2004-3)

       16-Jun-14      —           0.0000000000   

Class C (2007-1)

    14041NDJ7    15-Apr-14      153,458.33         0.5115277667   

Class C (2009-A)

       15-Apr-14      218,506.94         0.8740277600   
        

 

 

     

Total Class C

            371,965.27      

Total

            11,857,361.89      

 

3

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

            

 

4

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 (2004-4)

      500,000,000.00         500,000,000.00         500,000,000.00         500,000,000.00   

Class A (2005- 9)

      325,000,000.00         325,000,000.00         325,000,000.00         325,000,000.00   

Class A (2006- 3)

      400,000,000.00         400,000,000.00         400,000,000.00         400,000,000.00   

Class A (2006-11)

      750,000,000.00         750,000,000.00         750,000,000.00         750,000,000.00   

Class A (2007- 1)

      625,000,000.00         625,000,000.00         625,000,000.00         625,000,000.00   

Class A (2007- 2)

      700,000,000.00         700,000,000.00         700,000,000.00         700,000,000.00   

Class A (2007- A)

      200,000,000.00         200,000,000.00         200,000,000.00         200,000,000.00   

Class A (2007-5)

      600,000,000.00         600,000,000.00         600,000,000.00         600,000,000.00   

Class A (2007-7)

      1,000,000,000.00         1,000,000,000.00         1,000,000,000.00         1,000,000,000.00   

Class A (2013-1)

      750,000,000.00         750,000,000.00         750,000,000.00         750,000,000.00   

Class A (2013-2)

      700,000,000.00         700,000,000.00         700,000,000.00         700,000,000.00   

Class A (2013-3)

      750,000,000.00         750,000,000.00         750,000,000.00         750,000,000.00   

Class A (2014-1)

      950,000,000.00         950,000,000.00         950,000,000.00         950,000,000.00   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class A

      8,250,000,000.00         8,250,000,000.00         8,250,000,000.00         8,250,000,000.00   

Class B (2004-3)

      150,000,000.00         150,000,000.00         150,000,000.00         150,000,000.00   

Class B (2004-7)

      184,605,000.00         184,605,000.00         184,605,000.00         184,605,000.00   

Class B (2005-1)

      175,000,000.00         175,000,000.00         175,000,000.00         175,000,000.00   

Class B (2005-3)

      100,000,000.00         100,000,000.00         100,000,000.00         100,000,000.00   

Class B (2006-1)

      175,000,000.00         175,000,000.00         175,000,000.00         175,000,000.00   

Class B (2007- 1)

      350,000,000.00         350,000,000.00         350,000,000.00         350,000,000.00   

Class B (2009-C)

      —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class B

      1,134,605,000.00         1,134,605,000.00         1,134,605,000.00         1,134,605,000.00   

Class C (2004-3)

      367,500,000.00         367,500,000.00         367,500,000.00         367,500,000.00   

Class C (2007-1)

      300,000,000.00         300,000,000.00         300,000,000.00         300,000,000.00   

Class C (2009-A)

      250,000,000.00         250,000,000.00         250,000,000.00         250,000,000.00   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class C

      917,500,000.00         917,500,000.00         917,500,000.00         917,500,000.00   

Class D (2002-1)

         104,068,638.98         104,068,638.98         104,068,638.98   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

      10,302,105,000.00         10,406,173,638.98         10,406,173,638.98         10,406,173,638.98   

 

5

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 (2004-4)

     500,000,000.00        —          —          —          —          —          —          500,000,000.00   

Class A (2005- 9)

     325,000,000.00        —          —          —          —          —          —          325,000,000.00   

Class A (2006- 3)

     400,000,000.00        —          —          —          —          —          —          400,000,000.00   

Class A (2006-11)

     750,000,000.00        —          —          —          —          —          —          750,000,000.00   

Class A (2007- 1)

     625,000,000.00        —          —          —          —          —          —          625,000,000.00   

Class A (2007- 2)

     700,000,000.00        —          —          —          —          —          —          700,000,000.00   

Class A (2007- A)

     200,000,000.00        —          —          —          —          —          —          200,000,000.00   

Class A (2007-5)

     600,000,000.00        —          —          —          —          —          —          600,000,000.00   

Class A (2007-7)

     1,000,000,000.00        —          —          —          —          —          —          1,000,000,000.00   

Class A (2013-1)

     750,000,000.00        —          —          —          —          —          —          750,000,000.00   

Class A (2013-2)

     700,000,000.00        —          —          —          —          —          —          700,000,000.00   

Class A (2013-3)

     750,000,000.00        —          —          —          —          —          —          750,000,000.00   

Class A (2014-1)

     950,000,000.00        —          —          —          —          —          —          950,000,000.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class A

     8,250,000,000.00        —          —          —          —          —          —          8,250,000,000.00   

Class B (2004-3)

     150,000,000.00        —          —          —          —          —          —          150,000,000.00   

Class B (2004-7)

     184,605,000.00        —          —          —          —          —          —          184,605,000.00   

Class B (2005-1)

     175,000,000.00        —          —          —          —          —          —          175,000,000.00   

Class B (2005-3)

     100,000,000.00        —          —          —          —          —          —          100,000,000.00   

Class B (2006-1)

     175,000,000.00        —          —          —          —          —          —          175,000,000.00   

Class B (2007- 1)

     350,000,000.00        —          —          —          —          —          —          350,000,000.00   

Class B (2009-C)

     —          —          —          —          —          —          —          —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class B

     1,134,605,000.00        —          —          —          —          —          —          1,134,605,000.00   

Class C (2004-3)

     367,500,000.00        —          —          —          —          —          —          367,500,000.00   

Class C (2007-1)

     300,000,000.00        —          —          —          —          —          —          300,000,000.00   

Class C (2009-A)

     250,000,000.00        —          —          —          —          —          —          250,000,000.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class C

     917,500,000.00        —          —          —          —          —          —          917,500,000.00   

Class D (2002-1)

     104,068,638.98        —          —          —          —          —          —          104,068,638.98   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

     10,406,173,638.98        —          —          —          —          —          —          10,406,173,638.98   

 

6

* 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.

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-Accout		   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

              

 

7

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
Noteholder’s (3)		     Ending
Interest Funding
sub-Account
Balance (1)		     Interest Funding
sub-Account
Earnings		  

Class A (2004-4)

     0.375 %      —          151,041.67        —          151,041.67        (151,041.67 )      —          0.00   

Class A (2005- 9)

     0.245 %      —          64,142.36        —          64,142.36        (64,142.36 )      —          0.00   

Class A (2006- 3)

     5.050 %      —          1,683,333.33        —          1,683,333.33        (1,683,333.33 )      —          0.00   

Class A (2006-11)

     0.245 %      —          148,020.83        —          148,020.83        (148,020.83 )      —          0.00   

Class A (2007- 1)

     0.205 %      —          103,211.81        —          103,211.81        (103,211.81 )      —          0.00   

Class A (2007- 2)

     0.235 %      —          132,513.89        —          132,513.89        (132,513.89 )      —          0.00   

Class A (2007- A)

     5.200 %      —          866,666.67        —          866,666.67        (866,666.67 )      —          0.00   

Class A (2007-5)

     0.195 %      —          94,250.00        —          94,250.00        (94,250.00 )      —          0.00   

Class A (2007-7)

     5.750 %      —          4,791,666.67        —          4,791,666.67        (4,791,666.67 )      —          0.00   

Class A (2013-1)

     0.630 %      —          393,750.00        —          393,750.00        (393,750.00 )      —          0.00   

Class A (2013-2)

     0.335 %      —          188,902.78        —          188,902.78        (188,902.78 )      —          0.00   

Class A (2013-3)

     0.960 %      —          600,000.00        —          600,000.00        (600,000.00 )      —          0.00   

Class A (2014-1)

     0.405 %      374,062.50        309,937.50        —          309,937.50        (684,000.00 )      —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class A

       374,062.50        9,527,437.51        —          9,527,437.51        (9,901,500.01 )      —          —     

Class B (2004-3)

     0.885 %      —          106,937.50        —          106,937.50        (106,937.50 )      —          0.00   

Class B (2004-7)

     0.832 %      260,267.66        123,733.81        —          123,733.81        (384,001.47 )      —          1.69   

Class B (2005-1)

     4.900 %      —          714,583.33        —          714,583.33        (714,583.33 )      —          0.00   

Class B (2005-3)

     0.789 %      133,674.72        63,550.28        —          63,550.28        (197,225.00 )      —          0.90   

Class B (2006-1)

     0.435 %      —          61,322.92        —          61,322.92        (61,322.92 )      —          0.00   

Class B (2007- 1)

     0.425 %      —          119,826.39        —          119,826.39        (119,826.39 )      —          0.00   

Class B (2009-C)

     —          —          0.00        —          0.00        —          —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class B

       393,942.38        1,189,954.23        —          1,189,954.23        (1,583,896.61 )      —          2.59   

Class C (2004-3)

     6.399 %      —          1,959,693.75        —          1,959,693.75        —          1,959,693.75        17.15   

Class C (2007-1)

     0.635 %      —          153,458.33        —          153,458.33        (153,458.33 )      —          0.00   

Class C (2009-A)

     —          —          218,506.94        —          218,506.94        (218,506.94 )      —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class C

       —          2,331,659.02        —          2,331,659.02        (371,965.27 )      1,959,693.75        17.15   

Total

       768,004.88        13,049,050.76        —          13,049,050.76        (11,857,361.89 )      1,959,693.75        19.74   

 

8

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
sub-Account
Balance 		   Accumulation
Reserve
sub-Account
Earnings

NOTHING TO REPORT

                     

 

9

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 Amounts:

 

     Class C Usage of
Class D
Subordination
Amount for this
Monthly Period		    Cumulative Class
C Usage of Class
D Subordination
Amount

NOTHING TO REPORT

      

 

10

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      Available      Required      Available      Required      Available  
     Subordination      Subordination      Subordination      Subordination      Subordination      Subordination  
     Amount from      Amount from      Amount from      Amount from      Amount from      Amount from  
     Class B Notes      Class B Notes      Class C Notes      Class C Notes      Class D Notes      Class D Notes  

Class A (2004-4)

      54,216,850.00         54,216,850.00         42,168,650.00         42,168,650.00         6,024,500.00         6,024,500.00   

Class A (2005- 9)

      35,240,952.50         35,240,952.50         27,409,622.50         27,409,622.50         3,915,925.00         3,915,925.00   

Class A (2006- 3)

      43,373,480.00         43,373,480.00         33,734,920.00         33,734,920.00         4,819,600.00         4,819,600.00   

Class A (2006-11)

      81,325,275.00         81,325,275.00         63,252,975.00         63,252,975.00         9,036,750.00         9,036,750.00   

Class A (2007- 1)

      67,771,062.50         67,771,062.50         52,710,812.50         52,710,812.50         7,530,625.00         7,530,625.00   

Class A (2007- 2)

      75,903,590.00         75,903,590.00         59,036,110.00         59,036,110.00         8,434,300.00         8,434,300.00   

Class A (2007- A)

      21,686,740.00         21,686,740.00         16,867,460.00         16,867,460.00         2,409,800.00         2,409,800.00   

Class A (2007-5)

      65,060,220.00         65,060,220.00         50,602,380.00         50,602,380.00         7,229,400.00         7,229,400.00   

Class A (2007-7)

      108,433,700.00         108,433,700.00         84,337,300.00         84,337,300.00         12,049,000.00         12,049,000.00   

Class A (2013-1)

      81,325,275.00         81,325,275.00         63,252,975.00         63,252,975.00         9,036,750.00         9,036,750.00   

Class A (2013-2)

      75,903,590.00         75,903,590.00         59,036,110.00         59,036,110.00         8,434,300.00         8,434,300.00   

Class A (2013-3)

      81,325,275.00         81,325,275.00         63,252,975.00         63,252,975.00         9,036,750.00         9,036,750.00   

Class A (2014-1)

      103,012,015.00         103,012,015.00         80,120,435.00         80,120,435.00         11,446,550.00         11,446,550.00   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Class A

      894,578,025.00         894,578,025.00         695,782,725.00         695,782,725.00         99,404,250.00         99,404,250.00   

Class B (2004-3)

            94,400,120.41         94,400,120.41         13,486,633.21         13,486,633.21   

Class B (2004-7)

            116,178,228.19         116,178,228.19         16,597,999.50         16,597,999.50   

Class B (2005-1)

            110,133,473.82         110,133,473.82         15,734,405.43         15,734,405.43   

Class B (2005-3)

            62,933,413.61         62,933,413.61         8,991,088.81         8,991,088.81   

Class B (2006-1)

            110,133,473.82         110,133,473.82         15,734,405.43         15,734,405.43   

Class B (2007- 1)

            220,266,947.62         220,266,947.62         31,468,810.84         31,468,810.84   

Class B (2009-C)

                  
        

 

 

     

 

 

     

 

 

     

 

 

  

Total Class B

            714,045,657.47         714,045,657.47         102,013,343.22         102,013,343.22   

Class C (2004-3)

                  41,684,168.75         41,684,168.75   

Class C (2007-1)

                  34,027,892.85         34,027,892.85   

Class C (2009-A)

                  28,356,577.38         28,356,577.38   
              

 

 

     

 

 

  

Total Class C

                  104,068,638.98         104,068,638.98   

 

* All balances for 2006-AA, 2006-AB, 2006-AC, 2006-AD, 2006-AE, 2008-AA and 2008-AB, 2009-AA tranches are as of End of Month.

 

11

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $ 134,567,759.83   
  

 

 

  

Prior Month Excess Spread Amount

    $ 125,138,829.59   
  

 

 

  

Two Months Prior Excess Spread Amount

    $ 111,733,548.38   
  

 

 

  

Three Month Average Excess Spread Amount

    $ 123,813,379.27   
  

 

 

  

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#: 00011633221

Date: February 12, 2014

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 10th day of April, 2014.

 

Capital One Bank (USA), National Association
as Administrator
By:   /s/ Pam Koch
Name:   Pam Koch
Title:   Authorized Officer
Date:   04/10/2014

 

12