0001193125-16-504524.txt : 20160315 0001193125-16-504524.hdr.sgml : 20160315 20160315100101 ACCESSION NUMBER: 0001193125-16-504524 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160229 0001162387 0001514949 FILED AS OF DATE: 20160315 DATE AS OF CHANGE: 20160315 Credit card 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: 161505810 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE FUNDING, LLC CENTRAL INDEX KEY: 0001162387 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-75276-01 FILM NUMBER: 161505811 BUSINESS ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 BUSINESS PHONE: 8042906959 MAIL ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE FUNDING LLC DATE OF NAME CHANGE: 20011116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE 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: 161505812 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 10-D 1 d154183d10d.htm FORM 10-D Form 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 February 1, 2016 to February 29, 2016

 

Commission File Number of issuing entity: 333-75276

Central Index Key Number of issuing entity: 0001163321

 

CAPITAL ONE MULTI-ASSET EXECUTION TRUST

(Exact name of issuing entity as specified in its charter)

(Issuing entity in respect of the Notes)

   

Commission File Number of issuing entity: 000-25762
Central Index Key Number of issuing entity: 0000922869

 

CAPITAL ONE MASTER TRUST

(Exact name of issuing entity as specified in its charter)

(Issuing entity in respect of the COMT Collateral Certificate)

Commission File Number of depositor: 333-75276-01

Central Index Key Number of depositor: 0001162387

CAPITAL ONE FUNDING, LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: 0001514949

CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION

(Exact name of sponsor as specified in its charter)

Eric Bauder

Senior Manager, Capital Markets

703-760-3343

 

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)

201-593-6792

(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)

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 2 – Legal Proceedings

The most current information or update to this item was previously reported by the Capital One Multi-asset Execution Trust (Central Index Key (CIK) number 0001163321, Commission File Number 333-75276). See Pre-Effective Amendment No. 1 to Registration Statement on Form SF-3 filed November 13, 2015.

ITEM 10 – 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: March 15, 2016

 

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
 EX-99.1 2 d154183dex991.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 March 15, 2016, and with respect to the performance of the Trust during the month February, 2016, is set forth below. Current Distribution Date is March 15, 2016. Certain other information is presented based on the aggregate amounts for the Trust as a whole.

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

 

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.

 

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

 

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 Servicing 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.

 

1

A)    CAPITAL ONE MASTER TRUST (RECEIVABLES)

      
          MONTHLY PERIOD: February 2016    ACCOUNTS (a)         

1)      Beginning of the Month Principal Receivables:

       $ 28,918,638,320.38   
     

 

 

  

2)      Beginning of the Month Finance Charge Receivables:

       $ 515,299,652.15   
     

 

 

  

3)      Beginning of the Month AMF Receivables:

       $ 14,985,655.80   
     

 

 

  

4)      Beginning of the Month Discounted Receivables:

       $ 0.00   
     

 

 

  

5)      Beginning of the Month Total Receivables:

      17,522,902       $ 29,448,923,628.33   
  

 

 

     

 

 

  

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

       $ 28,158,414,191.54   
     

 

 

  

16)   End of the Month Finance Charge Receivables

       $ 507,863,903.42   
     

 

 

  

17)   End of the Month AMF Receivables

       $ 13,180,238.69   
     

 

 

  

18)   End of the Month Discounted Receivables

       $ 0.00   
     

 

 

  

19)   End of the Month Total Receivables

      17,448,972       $ 28,679,458,333.65   
  

 

 

     

 

 

  

20)   Beginning of the Month Excess Funding Account Balance

       $ 0.00   
     

 

 

  

21)   Adjusted Invested Amount of all Master Trust Series

       $ 19,020,622,391.54   
     

 

 

  

22)   End of the Month Seller Percentage

         32.45 % 
     

 

 

  

(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)     CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)

        

   
          MONTHLY PERIOD: February 2016    ACCOUNTS      RECEIVABLES  

1)      End of the Month Delinquencies:

      

2)      30 - 59 Days Delinquent

      66,416       $ 180,334,131.97   
  

 

 

     

 

 

  

3)      60 - 89 Days Delinquent

      42,210       $ 124,702,460.42   
  

 

 

     

 

 

  

4)      90-119 Days Delinquent

      33,662       $ 107,034,175.34   
  

 

 

     

 

 

  

5)      120-149 Days Delinquent

      29,803       $ 104,065,513.65   
  

 

 

     

 

 

  

6)      150 + Days Delinquent

      26,486       $ 93,917,866.44   
  

 

 

     

 

 

  

7)      Total 30+ Days Delinquent

      198,577       $ 610,054,147.82   
  

 

 

     

 

 

  

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

         2.13 % 
     

 

 

  

9)      Defaulted Accounts during the Month

      29,070       $ 86,809,213.73   
  

 

 

     

 

 

  

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

         3.60 % 
     

 

 

  

11)   Recoveries of Charged-Off Accounts during the Month

       $ 37,532,307.00   
     

 

 

  

12)   Annualized Recoveries as a Percent of Adjusted Beginning of Month Principal Receivables which includes Additional Principal Receivables

         1.56 % 
     

 

 

  

13)   Defaulted Accounts, net of Recoveries, during the Month

       $ 49,276,906.73   
     

 

 

  

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

         2.04 % 
     

 

 

  

 

2

C)     CAPITAL ONE MASTER TRUST (COLLECTIONS)

      
          MONTHLY PERIOD: February 2016    COLLECTIONS      PERCENTAGES  

1)      Total Collections and Gross Payment Rate as a Percent of Adjusted Beginning of Month Total Receivables which includes Additional Total Receivables

    $ 8,332,240,524.70         28.29 % 
  

 

 

     

 

 

  

2)      Collections of Principal Receivables and Principal Payment Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables

    $ 7,801,084,847.07         26.98 % 
  

 

 

     

 

 

  

3)      Prior Month Billed Finance Charges and Fees

    $ 333,160,014.81      
  

 

 

     

4)      Amortized AMF Income

    $ 13,358,383.11      
  

 

 

     

5)      Interchange Collected

    $ 148,322,356.28      
  

 

 

     

6)      Recoveries of Charged Off Accounts

    $ 37,532,307.00      
  

 

 

     

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

    $ 532,373,061.20         22.09 % 
  

 

 

     

 

 

  

D)    CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)

      
          MONTHLY PERIOD: February 2016              

1)      Beginning Unamortized AMF Balance

       $ 73,906,551.93   
     

 

 

  

2)      + AMF Slug

    $ 0.00      
  

 

 

     

3)      + AMF Collections

    $ 12,140,999.54      
  

 

 

     

4)      - Amortized AMF Income

    $ 13,358,383.11      
  

 

 

     

5)      Ending Unamortized AMF Balance

       $ 72,689,168.36   
     

 

 

  

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

        

          MONTHLY PERIOD: February 2016              

1)      Floating Allocation Amount

       $ 19,020,622,391.54   
     

 

 

  

2)      Floating Allocation Percentage

         65.772884 % 
     

 

 

  

3)      Finance Charge Collections Allocated

       $ 350,157,115.16   
     

 

 

  

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

    $ 57.71      
  

 

 

     

5)      Less: Servicer Interchange

    $ 11,887,888.99      
  

 

 

     

6)      Available Funds

       $ 338,269,283.88   
     

 

 

  

7)      Allocations of Series 2002-CC Finance Charge Amounts

      

a)      Class A Targeted Deposit to Interest Funding Account

    $ 17,854,655.56      
  

 

 

     

b)      Class B Targeted Deposit to Interest Funding Account

    $ 1,501,986.13      
  

 

 

     

c)      Class C Targeted Deposit to Interest Funding Account

    $ 2,094,458.33      
  

 

 

     

d)      Series 2002-CC Servicing Fee to the Servicer

    $ 19,813,148.32      
  

 

 

     

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

    $ 57,096,923.31      
  

 

 

     

h)      Nominal Liquidation Amount Deficits

    $ 0.00      
  

 

 

     

 

3

  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

       $ 239,908,112.23   
     

 

 

  

9)      Total Excess Finance Charges for All Series in Group 1

       $ 239,908,112.23   
     

 

 

  

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: February 2016              

1)      Principal Allocation Amount

       $ 19,020,622,391.54   
     

 

 

  

2)      Principal Allocation Percentage

         65.772884 % 
     

 

 

  

3)      Principal Collections Allocated

       $ 5,130,998,474.98   
     

 

 

  

4)      Series 2002-CC Monthly Principal Payment

       $ 117,903,076.69   
     

 

 

  

5)      Shared Principal Collections (excess principal) of Series 2002-CC

       $ 5,013,095,398.29   
     

 

 

  

6)      Total Shared Principal Collections (excess principal) for All Series in Group

       $ 5,013,095,398.29   
     

 

 

  

7)      Principal Shortfall for Series 2002-CC

       $ 0.00   
     

 

 

  

8)      Principal Shortfall for All Series in Group 1

       $ 0.00   
     

 

 

  

9)      Shared Principal Collections Allocated to Series 2002-CC

       $ 0.00   
     

 

 

  

 

4

MONTHLY SERVICER’S CERTIFICATE

CAPITAL ONE BANK (USA), National Association

CAPITAL ONE MASTER TRUST

SERIES 2002-CC

The undersigned, a duly authorized representative of Capital One Bank (USA), National Association, as Servicer, pursuant to the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, 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 March 15, 2016.

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 10th day of March, 2016.

 

CAPITAL ONE BANK (USA), National
Association as Servicer
By:   /s/ Shaun Ross
Name:   Shaun Ross
Title:   Authorized Officer

 

5

EX-99.2 3 d154183dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 03/10/2016

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: February 29, 2016

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 March 14, 2016 and with respect to the performance of the Trust during the related Monthly Period from February 1, 2016 through February 29, 2016. Current Distribution Date is March 15, 2016.

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 Commission (“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 (2006-11)

      14041NDB4         15-Mar-16         301,583.33         0.4021111067   

CLASS A (2007-1)

      14041NDG3         15-Mar-16         231,875.00         0.3710000000   

CLASS A (2007-2)

      14041NDL2         15-Mar-16         276,033.33         0.3943333286   

CLASS A (2007-5)

      14041NDT5         15-Mar-16         217,933.33         0.3632222167   

CLASS A (2007-7)

      14041NDX6         15-Mar-16         4,791,666.67         4.7916666700   

CLASS A (2007-A)

      U13554AD9         15-Mar-16         866,666.67         4.3333333500   

CLASS A (2013-2)

      14041NEL1         15-Mar-16         330,477.78         0.4721111143   

CLASS A (2013-3)

      14041NEM9         15-Mar-16         600,000.00         0.8000000000   

CLASS A (2014-1)

      14041NEN7         15-Apr-16         —           0.0000000000   

CLASS A (2014-2)

      14041NEP2         15-Mar-16         1,102,500.00         1.0500000000   

CLASS A (2014-3)

      14041NER8         15-Mar-16         282,450.00         0.6276666667   

CLASS A (2014-4)

      14041NES6         15-Mar-16         336,661.11         0.6121111091   

CLASS A (2014-5)

      14041NET4         15-Mar-16         1,603,333.33         1.2333333308   

CLASS A (2015-1)

      14041NEU1         15-Mar-16         1,447,916.67         1.1583333360   

CLASS A (2015-2)

      14041NEV9         15-Mar-16         1,126,666.67         1.7333333385   

CLASS A (2015-3)

      14041NEW7         15-Mar-16         273,369.44         0.6432222118   

CLASS A (2015-4)

      14041NEX5         15-Mar-16         630,208.33         2.2916666545   

CLASS A (2015-5)

      14041NEY3         15-Mar-16         933,333.33         1.3333333286   

CLASS A (2015-6)

      14041NEZ0         15-Mar-16         526,905.56         0.6198888941   

CLASS A (2015-7)

      14041NFA4         15-Mar-16         513,541.67         1.2083333412   

CLASS A (2015-8)

      14041NFB2         15-Mar-16         854,166.67         1.7083333400   
        

 

 

     

Total Class A

            17,247,288.89      
        

 

 

     

CLASS B (2004-3)

      14041NBL4         15-Mar-16         134,983.33         0.8998888667   

CLASS B (2005-3)

      14041NCG4         15-Apr-16         —           0.0000000000   

CLASS B (2006-1)

      14041NCT6         15-Mar-16         96,230.56         0.5498889143   

CLASS B (2007-1)

      14041NDH1         15-Mar-16         189,738.89         0.5421111143   

CLASS B (2009-C)

         15-Mar-16         989,877.79         0.8998889000   
        

 

 

     

Total Class B

            1,410,830.57      
        

 

 

     

CLASS C (2007-1)

      14041NDJ7         15-Mar-16         211,633.33         0.7054444333   

CLASS C (2009-A)

         15-Mar-16         1,882,825.00         1.1954444444   
        

 

 

     

Total Class C

            2,094,458.33      
        

 

 

     

Total

            20,752,577.79      

 

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		  

CLASS B (2006-1)

        14041NCT6           15-Mar-16           175,000,000.00           1,000.0000000000   

 

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 (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 (2007-5)

      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 (2007-A)

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

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   

CLASS A (2014-4)

      550,000,000.00         550,000,000.00         550,000,000.00         550,000,000.00   

CLASS A (2014-5)

      1,300,000,000.00         1,300,000,000.00         1,300,000,000.00         1,300,000,000.00   

CLASS A (2015-1)

      1,250,000,000.00         1,250,000,000.00         1,250,000,000.00         1,250,000,000.00   

CLASS A (2015-2)

      650,000,000.00         650,000,000.00         650,000,000.00         650,000,000.00   

CLASS A (2015-3)

      425,000,000.00         425,000,000.00         425,000,000.00         425,000,000.00   

CLASS A (2015-4)

      275,000,000.00         275,000,000.00         275,000,000.00         275,000,000.00   

CLASS A (2015-5)

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

CLASS A (2015-6)

      850,000,000.00         850,000,000.00         850,000,000.00         850,000,000.00   

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   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class A

      14,700,000,000.00         14,700,000,000.00         14,700,000,000.00         14,700,000,000.00   
  

 

 

     

 

 

     

 

 

     

 

 

  

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 (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)

      1,100,000,000.00         1,100,000,000.00         1,100,000,000.00         1,100,000,000.00   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class B

      1,875,000,000.00         1,875,000,000.00         1,875,000,000.00         1,875,000,000.00   
  

 

 

     

 

 

     

 

 

     

 

 

  

CLASS C (2007-1)

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

CLASS C (2009-A)

      1,575,000,000.00         1,575,000,000.00         1,575,000,000.00         1,575,000,000.00   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class C

      1,875,000,000.00         1,875,000,000.00         1,875,000,000.00         1,875,000,000.00   
  

 

 

     

 

 

     

 

 

     

 

 

  

CLASS D (2002-1)

         570,622,391.54         570,622,391.54         570,622,391.54   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

      18,450,000,000.00         19,020,622,391.54         19,020,622,391.54         19,020,622,391.54   

 

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 (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 (2007-5)

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

CLASS A (2007-7)

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

CLASS A (2007-A)

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

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   

CLASS A (2014-4)

     550,000,000.00        —          —          —          —          —          —          550,000,000.00   

CLASS A (2014-5)

     1,300,000,000.00        —          —          —          —          —          —          1,300,000,000.00   

CLASS A (2015-1)

     1,250,000,000.00        —          —          —          —          —          —          1,250,000,000.00   

CLASS A (2015-2)

     650,000,000.00        —          —          —          —          —          —          650,000,000.00   

CLASS A (2015-3)

     425,000,000.00        —          —          —          —          —          —          425,000,000.00   

CLASS A (2015-4)

     275,000,000.00        —          —          —          —          —          —          275,000,000.00   

CLASS A (2015-5)

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

CLASS A (2015-6)

     850,000,000.00        —          —          —          —          —          —          850,000,000.00   

CLASS A (2015-7)

     425,000,000.00        —          —          —          —          —          —          425,000,000.00   

CLASS A (2015-8)

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

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class A

     14,700,000,000.00        —          —          —          —          —          —          14,700,000,000.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

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 (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)

     1,100,000,000.00        —          —          —          —          —          —          1,100,000,000.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class B

     1,875,000,000.00        —          —          —          —          —          175,000,000.00        1,700,000,000.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CLASS C (2007-1)

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

CLASS C (2009-A)

     1,575,000,000.00        —          —          —          —          —          —          1,575,000,000.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class C

     1,875,000,000.00        —          —          —          —          —          —          1,875,000,000.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Class D (2002-1)

     570,622,391.54        —          —          —          —          —          —          565,210,008.93   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

     19,020,622,391.54        —          —          —          —          —          175,000,000.00        18,840,210,008.93   

 

* 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 to maturities that will occur on the distribution date.

 

6

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 B (2006-1)     —          175,000,000.00        —          175,000,000.00        175,000,000.00        —          —     

 

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 (2006-11)

     0.517 %      —          301,583.33        —          301,583.33        (301,583.33 )      —          0.00   

CLASS A (2007-1)

     0.477 %      —          231,875.00        —          231,875.00        (231,875.00 )      —          0.00   

CLASS A (2007-2)

     0.507 %      —          276,033.33        —          276,033.33        (276,033.33 )      —          0.00   

CLASS A (2007-5)

     0.467 %      —          217,933.33        —          217,933.33        (217,933.33 )      —          0.00   

CLASS A (2007-7)

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

CLASS A (2007-A)

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

CLASS A (2013-2)

     0.607 %      —          330,477.78        —          330,477.78        (330,477.78 )      —          0.00   

CLASS A (2013-3)

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

CLASS A (2014-1)

     0.822 %      694,133.33        607,366.67        —          607,366.67        —          1,301,500.00        50.18   

CLASS A (2014-2)

     1.260 %      —          1,102,500.00        —          1,102,500.00        (1,102,500.00 )      —          0.00   

CLASS A (2014-3)

     0.807 %      —          282,450.00        —          282,450.00        (282,450.00 )      —          0.00   

CLASS A (2014-4)

     0.787 %      —          336,661.11        —          336,661.11        (336,661.11 )      —          0.00   

CLASS A (2014-5)

     1.480 %      —          1,603,333.33        —          1,603,333.33        (1,603,333.33 )      —          0.00   

CLASS A (2015-1)

     1.390 %      —          1,447,916.67        —          1,447,916.67        (1,447,916.67 )      —          0.00   

CLASS A (2015-2)

     2.080 %      —          1,126,666.67        —          1,126,666.67        (1,126,666.67 )      —          0.00   

CLASS A (2015-3)

     0.827 %      —          273,369.44        —          273,369.44        (273,369.44 )      —          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 (2015-6)

     0.797 %      —          526,905.56        —          526,905.56        (526,905.56 )      —          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   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class A

       694,133.33        17,854,655.56        —          17,854,655.56        (17,247,288.89 )      1,301,500.00        50.18   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CLASS B (2004-3)

     1.157 %      —          134,983.33        —          134,983.33        (134,983.33 )      —          0.00   

CLASS B (2005-3)

     1.172 %      104,177.78        91,155.56        —          91,155.56        —          195,333.34        7.53   

CLASS B (2006-1)

     0.707 %      —          96,230.56        —          96,230.56        (96,230.56 )      —          0.00   

CLASS B (2007-1)

     0.697 %      —          189,738.89        —          189,738.89        (189,738.89 )      —          0.00   

CLASS B (2009-C)

     —          —          989,877.79        —          989,877.79        (989,877.79 )      —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class B

       104,177.78        1,501,986.13        —          1,501,986.13        (1,410,830.57 )      195,333.34        7.53   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CLASS C (2007-1)

     0.907 %      —          211,633.33        —          211,633.33        (211,633.33 )      —          0.00   

CLASS C (2009-A)

     —          —          1,882,825.00        —          1,882,825.00        (1,882,825.00 )      —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class C

       —          2,094,458.33        —          2,094,458.33        (2,094,458.33 )      —          0.00   

Total

       798,311.11        21,451,100.02        —          21,451,100.02        (20,752,577.79 )      1,496,833.34        57.71   

 

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
Balance
sub-Account		    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
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 (2006-11)

     85,443,750.00        85,443,750.00        85,443,750.00        85,443,750.00        28,481,250.00        28,481,250.00   

CLASS A (2007-1)

     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 (2007-2)

     79,747,500.00        79,747,500.00        79,747,500.00        79,747,500.00        26,582,500.00        26,582,500.00   

CLASS A (2007-5)

     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 (2007-7)

     113,925,000.00        113,925,000.00        113,925,000.00        113,925,000.00        37,975,000.00        37,975,000.00   

CLASS A (2007-A)

     22,785,000.00        22,785,000.00        22,785,000.00        22,785,000.00        7,595,000.00        7,595,000.00   

CLASS A (2013-2)

     79,747,500.00        79,747,500.00        79,747,500.00        79,747,500.00        26,582,500.00        26,582,500.00   

CLASS A (2013-3)

     85,443,750.00        85,443,750.00        85,443,750.00        85,443,750.00        28,481,250.00        28,481,250.00   

CLASS A (2014-1)

     108,228,750.00        108,228,750.00        108,228,750.00        108,228,750.00        36,076,250.00        36,076,250.00   

CLASS A (2014-2)

     119,621,250.00        119,621,250.00        119,621,250.00        119,621,250.00        39,873,750.00        39,873,750.00   

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 (2014-5)

     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 (2015-1)

     142,406,250.00        142,406,250.00        142,406,250.00        142,406,250.00        47,468,750.00        47,468,750.00   

CLASS A (2015-2)

     74,051,250.00        74,051,250.00        74,051,250.00        74,051,250.00        24,683,750.00        24,683,750.00   

CLASS A (2015-3)

     48,418,125.00        48,418,125.00        48,418,125.00        48,418,125.00        16,139,375.00        16,139,375.00   

CLASS A (2015-4)

     31,329,375.00        31,329,375.00        31,329,375.00        31,329,375.00        10,443,125.00        10,443,125.00   

CLASS A (2015-5)

     79,747,500.00        79,747,500.00        79,747,500.00        79,747,500.00        26,582,500.00        26,582,500.00   

CLASS A (2015-6)

     96,836,250.00        96,836,250.00        96,836,250.00        96,836,250.00        32,278,750.00        32,278,750.00   

CLASS A (2015-7)

     48,418,125.00        48,418,125.00        48,418,125.00        48,418,125.00        16,139,375.00        16,139,375.00   

CLASS A (2015-8)

     56,962,500.00        56,962,500.00        56,962,500.00        56,962,500.00        18,987,500.00        18,987,500.00   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class A

     1,674,697,500.00        1,674,697,500.00        1,674,697,500.00        1,674,697,500.00        558,232,500.00        558,232,500.00   

CLASS B (2004-3)

         147,995,758.46        147,995,758.46        49,331,919.49        49,331,919.49   

CLASS B (2005-3)

         98,663,838.98        98,663,838.98        32,887,946.33        32,887,946.33   

CLASS B (2006-1)

            

CLASS B (2007-1)

         345,323,436.41        345,323,436.41        115,107,812.14        115,107,812.14   

CLASS B (2009-C)

         1,085,302,228.73        1,085,302,228.73        361,767,409.58        361,767,409.58   
     

 

 

    

 

 

    

 

 

    

 

 

  

Total Class B

         1,677,285,262.58        1,677,285,262.58        559,095,087.53        559,095,087.53   

CLASS C (2007-1)

             90,433,601.43        90,433,601.43   

CLASS C (2009-A)

             474,776,407.50        474,776,407.50   
         

 

 

    

 

 

  

Total Class C

             565,210,008.93        565,210,008.93   

 

11

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $ 239,908,112.23   
  

 

 

  

Prior Month Excess Spread Amount

    $ 227,044,457.31   
  

 

 

  

Two Months Prior Excess Spread Amount

    $ 275,543,583.39   
  

 

 

  

Three Month Average Excess Spread Amount

    $ 247,498,717.64   
  

 

 

  

Is the average of the Excess Spread Amount for preceding three months greater than $0?

      YES   

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

Nothing to Report

Most Recent Form ABS - 15G

Filed by: Capital One Funding, LLC

CIK#: 0001162387

Date: February 12, 2016

 

12

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 10th day of March, 2016.

 

Capital One Bank (USA), National Association
as Administrator
By:   /s/ Shaun Ross
Name:   Shaun Ross
Title:   Authorized Officer
Date:   3/10/2016

Signature page to CARD SERIES SCHEDULE TO MONTHLY NOTEHOLDERS’ STATEMENT

 

13