10-D

0001193125-14-200320.txt : 20140515 0001193125-14-200320.hdr.sgml : 20140515 20140515100159 ACCESSION NUMBER: 0001193125-14-200320 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140430 0001162387 0001514949 FILED AS OF DATE: 20140515 DATE AS OF CHANGE: 20140515 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: 14844381 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 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 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: 14844382 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 d723582d10d.htm 10-D 10-D

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 April 1, 2014 to April 30, 2014


Commission File Number of issuing entity: 333-167097		Commission File Number of issuing entity: 333-167097-02

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

Commission File Number of depositor: 333-167097-01

CAPITAL ONE FUNDING, LLC

(Exact name of depositor as specified in its charter)

CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION

(Exact name of sponsor as specified in its charter)


Delaware		New York
(State or other jurisdiction of incorporation or organization of the issuing entity)		(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		c/o Capital One Bank (USA), National Association Mail Stop 12017-0500 140 East Shore Drive Room 1071-B Glen Allen, VA 23060
(Address of principal executive offices of issuing entity)		(Address of principal executive offices of issuing entity)

201-593-6792		804-967-1000
(Telephone number, including area code)		(Telephone number, including area code)

Not Applicable		Not Applicable
(I.R.S. Employer Identification No.)		(I.R.S. Employer Identification No.)

N/A		N/A
(Former name, former address, if changed since last report)		(Former name, former address, if changed since last report)

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 ¨

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 9 – Exhibits


Exhibit 99.1		Monthly Series 2002-CC Certificateholders’ Statement

Exhibit 99.2		Card Series Schedule to Monthly Noteholders’ Statement

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: May 15, 2014

	CAPITAL ONE MULTI-ASSET EXECUTION TRUST
	(Issuing Entity)

	CAPITAL ONE MASTER TRUST
	(Issuing Entity)

	By:	CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION
		(Servicer)

	By:	/s/ Pam Koch
	Name:	Pam Koch
	Title:	Senior Accounting Officer

EX-99.1 2 d723582dex991.htm EX-99.1 EX-99.1

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, March 23, 2007 and July 1, 2007, and as further amended by the First Amendment, dated as of March 1, 2008 and the Second Amendment, dated as of July 15, 2010 (as amended and supplemented, the “Agreement”), among Capital One Bank (USA), National Association, as Servicer, Capital One Funding, LLC, 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 May 15, 2014, and with respect to the performance of the Trust during the month April, 2014, is set forth below. Current Distribution Date is May 15, 2014. 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 Comission (“SEC”).


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 the Trust’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 the Trust’s Form 8-K filed with the SEC on March 4, 2008.

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 the Trust’s Form 8-K filed with the SEC on July 6, 2007.

First Amendment to the Amended and Restated Pooling and Sevicing Agreement, dated as of March 1, 2008.		Included in Exhibit 4.2 to the Trust’s Form 8-K filed with the SEC on March 4, 2008.

Second Amendment to the Amended and Restated Pooling and Servicing Agreement, dated as of July 15, 2010.		Included in Exhibit 4.1 to the Trust’s Form 8-K filed with the SEC on July 15, 2010.

A)	CAPITAL ONE MASTER TRUST (RECEIVABLES)

MONTHLY PERIOD: April 2014


	ACCOUNTS (a)

1) Beginning of the Month Principal Receivables:			$	31,283,467,882.23

2) Beginning of the Month Finance Charge Receivables:			$	559,593,625.73

3) Beginning of the Month AMF Receivables:			$	19,297,715.26

4) Beginning of the Month Discounted Receivables:			$	0.00

5) Beginning of the Month Total Receivables:		19,621,719	$	31,862,359,223.22


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			$	31,436,154,917.18

16) End of the Month Finance Charge Receivables			$	576,696,841.70

17) End of the Month AMF Receivables			$	20,562,081.11

18) End of the Month Discounted Receivables			$	0.00

19) End of the Month Total Receivables		19,515,094	$	32,033,413,839.99


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

21) Adjusted Invested Amount of all Master Trust Series			$	11,921,326,182.12


22) End of the Month Seller Percentage				62.08	%

(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 ommitted from reporting prior to this time. All other items have been and are still appropriately reflecting closed accounts with a balance.

B)	CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)

MONTHLY PERIOD: April 2014


	ACCOUNTS		RECEIVABLES

1) End of the Month Delinquencies:
2) 30 - 59 Days Delinquent		90,739	$	216,199,194.01

3) 60 - 89 Days Delinquent		57,483	$	161,986,297.82

4) 90 - 119 Days Delinquent		47,313	$	134,896,168.36

5) 120 - 149 Days Delinquent		40,962	$	127,189,664.03

6) 150 + Days Delinquent		37,506	$	120,778,122.07


7) Total 30 + Days Delinquent		274,003	$	761,049,446.29


8) Delinquencies 30 + Days as a Percent of End of the Month Total Receivables				2.38	%


9) Defaulted Accounts during the Month		46,980	$	127,956,462.26


10) Annualized Default Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables				4.91	%

C)	CAPITAL ONE MASTER TRUST (COLLECTIONS)

MONTHLY PERIOD: April 2014


	COLLECTIONS		PERCENTAGES
1) Total Collections and Gross Payment Rate as a Percent of Adjusted Beginning of Month Total Receivables which includes Additional Total Receivables	$	8,359,860,959.43		26.24	%


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	$	7,778,933,717.14		24.87	%


3) Prior Month Billed Finance Charges and Fees	$	340,410,547.72

4) Amortized AMF Income	$	16,652,228.37

5) Interchange Collected	$	163,655,329.73

6) Recoveries of Charged Off Accounts	$	62,275,381.79

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 Recievables	$	582,993,487.61		22.36	%


D) CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)

MONTHLY PERIOD: April 2014

1) Beginning Unamortized AMF Balance			$	88,403,752.07

2) + AMF Slug	$	0.00

3) + AMF Collections	$	14,585,983.05

4) - Amortized AMF Income	$	16,652,228.37

5) Ending Unamortized AMF Balance			$	86,337,506.75


E) CAPITAL ONE MASTER TRUST : SERIES 2002-CC (Floating Allocation Amount)

MONTHLY PERIOD: April 2014

1) Floating Allocation Amount			$	11,921,326,182.62

2) Floating Allocation Percentage				38.107432	%


3) Finance Charge Collections Allocated			$	222,163,845.59


4) Plus: Other amounts to be treated as Finance Charge Amounts	$	10.14

5) Less: Servicer Interchange	$	7,450,828.86


6) Available Funds			$	214,713,026.87


7) Allocations of Series 2002-CC Finance Charge Amounts

a) Class A Targeted Deposit to Interest Funding Account	$	11,094,022.91

b) Class B Targeted Deposit to Interest Funding Account	$	1,210,380.12

c) Class C Targeted Deposit to Interest Funding Account	$	2,343,202.08


d) Series 2002-CC Servicing Fee to the Servicer		12,418,048.11

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	$	48,760,921.57


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			$	138,886,452.08

9) Total Excess Finance Charges for All Series in Group 1			$	138,886,452.08

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: April 2014

1) Principal Allocation Amount			$	11,921,326,182.62

2) Principal Allocation Percentage				38.107432	%

3) Principal Collections Allocated			$	2,964,351,859.71


4) Series 2002-CC Monthly Principal Payment				451,239,078.43


5) Shared Principal Collections (excess principal) of Series 2002-CC			$	2,513,112,781.28

6) Total Shared Principal Collections (excess principal) for All Series in Group			$	2,513,112,781.28

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

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, March 23, 2007 and July 1, 2007, and as further amended by the First Amendment, dated as of March 1, 2008 and the Second Amendment, dated as of July 15, 2010 (as amended and supplemented, the “Agreement”), as supplemented by the Series 2002-CC Supplement (as amended and supplemented, 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 occuring on May 15, 2014.

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 May, 2014.


		CAPITAL ONE BANK (USA), National
		Association as Servicer

By:		/s/ Pam Koch
Name:		Pam Koch
Title:		Authorized Officer

EX-99.2 3 d723582dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 05/12/2014

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: April 30, 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 May 14, 2014 and with respect to the performance of the Trust during the related Monthly Period from April 1, 2014 through April 30, 2014. Current Distribution Date is May 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.


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.

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-May-14

155,083.33

0.3101666600

Class A (2005- 9)

14041NCK5

15-May-14

65,595.83

0.2018333231

Class A (2006- 3)

14041NCQ2

15-May-14

1,683,333.33

4.2083333250

Class A (2006-11)

14041NDB4

15-May-14

151,375.00

0.2018333333

Class A (2007- 1)

14041NDG3

15-May-14

105,312.50

0.1685000000

Class A (2007- 2)

14041NDL2

15-May-14

135,450.00

0.1935000000

Class A (2007- A)

U13554AD9

15-May-14

866,666.67

4.3333333500

Class A (2007-5)

14041NDT5

15-May-14

96,100.00

0.1601666667

Class A (2007-7)

14041NDX6

15-May-14

4,791,666.67

4.7916666700

Class A (2013-1)

14041NEK3

15-May-14

393,750.00

0.5250000000

Class A (2013-2)

14041NEL1

15-May-14

193,783.33

0.2768333286

Class A (2013-3)

14041NEM9

15-May-14

600,000.00

0.8000000000

Class A (2014-1)

14041NEN7

15-Jul-14

—

0.0000000000

Class A (2014-2)

14041NEP2

15-May-14

1,286,250.00

1.2250000000

Class A (2014-3)

14041NER8

15-May-14

232,050.00

0.5156666667

Total Class A

10,756,416.66

Class B (2004-3)

14041NBL4

15-May-14

110,275.00

0.7351666667

Class B (2004-7)

15-Jul-14

—

0.0000000000

Class B (2005-1)

14041NBX8

15-May-14

714,583.33

4.0833333143

Class B (2005-3)

14041NCG4

15-Jul-14

—

0.0000000000

Class B (2006-1)

14041NCT6

15-May-14

63,029.17

0.3601666857

Class B (2007- 1)

14041NDH1

15-May-14

123,141.67

0.3518333429

Class B (2009-C)

15-May-14

—

0.0000000000

Total Class B

1,011,029.17

Class C (2004-3)

16-Jun-14

—

0.0000000000

Class C (2007-1)

14041NDJ7

15-May-14

158,050.00

0.5268333333

Class C (2009-A)

15-May-14

225,458.33

0.9018333200

Total Class C

383,508.33

Total

12,150,954.16

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

Class A (2004-4)

14041NBN0

15-May-14

500,000,000.00

1,000.0000000000

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
Class A (2014-2)		1,050,000,000.00		1,050,000,000.00		1,050,000,000.00		1,050,000,000.00
Class A (2014-3)		450,000,000.00		450,000,000.00		450,000,000.00		450,000,000.00

Total Class A		9,750,000,000.00		9,750,000,000.00		9,750,000,000.00		9,750,000,000.00

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)				119,221,182.62		119,221,182.62		119,221,182.62

Total		11,802,105,000.00		11,921,326,182.62		11,921,326,182.62		11,921,326,182.62

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
Class A (2014-2)		1,050,000,000.00		—		—		—		—		—		—		1,050,000,000.00
Class A (2014-3)		450,000,000.00		—		—		—		—		—		—		450,000,000.00

Total Class A		9,750,000,000.00		—		—		—		—		—		500,000,000.00		9,250,000,000.00

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)		119,221,182.62		—		—		—		—		—		—		114,170,334.74

Total		11,921,326,182.62		—		—		—		—		—		500,000,000.00		11,416,275,334.74

*	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

Class A (2004-4)		—		500,000,000.00		—		500,000,000.00		500,000,000.00		—		—

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

Class A (2004-4)		0.372	%		—		155,083.33		—		155,083.33		(155,083.33	)		—		0.00
Class A (2005- 9)		0.242	%		—		65,595.83		—		65,595.83		(65,595.83	)		—		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)		0.242	%		—		151,375.00		—		151,375.00		(151,375.00	)		—		0.00
Class A (2007- 1)		0.202	%		—		105,312.50		—		105,312.50		(105,312.50	)		—		0.00
Class A (2007- 2)		0.232	%		—		135,450.00		—		135,450.00		(135,450.00	)		—		0.00
Class A (2007- A)		5.200	%		—		866,666.67		—		866,666.67		(866,666.67	)		—		0.00
Class A (2007-5)		0.192	%		—		96,100.00		—		96,100.00		(96,100.00	)		—		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)		0.332	%		—		193,783.33		—		193,783.33		(193,783.33	)		—		0.00
Class A (2013-3)		0.960	%		—		600,000.00		—		600,000.00		(600,000.00	)		—		0.00
Class A (2014-1)		0.426	%		—		337,606.25		—		337,606.25		—			337,606.25		0.00
Class A (2014-2)		1.260	%		—		1,286,250.00		—		1,286,250.00		(1,286,250.00	)		—		0.00
Class A (2014-3)		0.530	%		—		232,050.00		—		232,050.00		(232,050.00	)		—		0.00

Total Class A					—		11,094,022.91		—		11,094,022.91		(10,756,416.66	)		337,606.25		—

Class B (2004-3)		0.882	%		—		110,275.00		—		110,275.00		(110,275.00	)		—		0.00
Class B (2004-7)		0.821	%		—		134,646.78		—		134,646.78		—			134,646.78		0.98
Class B (2005-1)		4.900	%		—		714,583.33		—		714,583.33		(714,583.33	)		—		0.00
Class B (2005-3)		0.776	%		—		64,704.17		—		64,704.17		—			64,704.17		0.54
Class B (2006-1)		0.432	%		—		63,029.17		—		63,029.17		(63,029.17	)		—		0.00
Class B (2007- 1)		0.422	%		—		123,141.67		—		123,141.67		(123,141.67	)		—		0.00
Class B (2009-C)		—			—		0.00		—		0.00		—			—		0.00

Total Class B					—		1,210,380.12		—		1,210,380.12		(1,011,029.17	)		199,350.95		1.52

Class C (2004-3)		6.399	%		1,959,693.75		1,959,693.75		—		1,959,693.75		—			3,919,387.50		8.62
Class C (2007-1)		0.632	%		—		158,050.00		—		158,050.00		(158,050.00	)		—		0.00
Class C (2009-A)		—			—		225,458.33		—		225,458.33		(225,458.33	)		—		0.00

Total Class C					1,959,693.75		2,343,202.08		—		2,343,202.08		(383,508.33	)		3,919,387.50		8.62

Total					1,959,693.75		14,647,605.11		—		14,647,605.11		(12,150,954.16	)		4,456,344.70		10.14

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

Withdrawls 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

Withdrawls 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

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

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)
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
Class A (2014-2)		113,855,385.00		113,855,385.00		88,554,165.00		88,554,165.00		12,651,450.00		12,651,450.00
Class A (2014-3)		48,795,165.00		48,795,165.00		37,951,785.00		37,951,785.00		5,422,050.00		5,422,050.00

Total Class A		1,003,011,725.00		1,003,011,725.00		780,120,025.00		780,120,025.00		111,453,250.00		111,453,250.00

Class B (2004-3)						104,459,159.25		104,459,159.25		14,923,740.28		14,923,740.28
Class B (2004-7)						128,557,887.29		128,557,887.29		18,366,647.15		18,366,647.15
Class B (2005-1)						121,869,019.12		121,869,019.12		17,411,030.32		17,411,030.32
Class B (2005-3)						69,639,439.50		69,639,439.50		9,949,160.18		9,949,160.18
Class B (2006-1)						121,869,019.12		121,869,019.12		17,411,030.32		17,411,030.32
Class B (2007- 1)						243,738,038.25		243,738,038.25		34,822,060.64		34,822,060.64
Class B (2009-C)

Total Class B						790,132,562.53		790,132,562.53		112,883,668.89		112,883,668.89

Class C (2004-3)										45,730,352.06		45,730,352.06
Class C (2007-1)										37,330,899.64		37,330,899.64
Class C (2009-A)										31,109,083.04		31,109,083.04

Total Class C										114,170,334.74		114,170,334.74

*	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.

N. Early Redemption Event


Current Month Excess Spread Amount	$	138,886,452.08


Prior Month Excess Spread Amount	$	134,567,759.83


Two Months Prior Excess Spread Amount	$	125,138,829.59


Three Month Average Excess Spread Amount	$	132,864,347.17


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 12th day of May, 2014.


Capital One Bank (USA), National Association
as Administrator

By:		/s/ Pam Koch

Name:		Pam Koch
Title:		Authorized Officer
Date:		05/12/2014