10-D

0001193125-17-010654.txt : 20170117 0001193125-17-010654.hdr.sgml : 20170117 20170117100103 ACCESSION NUMBER: 0001193125-17-010654 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20161231 0001162387 0001514949 FILED AS OF DATE: 20170117 DATE AS OF CHANGE: 20170117 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: 17529495 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 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: 17529496 BUSINESS ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 BUSINESS PHONE: 8042906959 MAIL ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE FUNDING LLC DATE OF NAME CHANGE: 20011116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MASTER TRUST CENTRAL INDEX KEY: 0000922869 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 541719855 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 000-25762 FILM NUMBER: 17529497 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 d321090d10d.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

December 1, 2016 to December 31, 2016


Commission File Number of issuing entity: 333-75276 Central Index Key Number of issuing entity: 0001163321		Commission File Number of issuing entity: 000-25762 Central Index Key Number of issuing entity: 0000922869

CAPITAL ONE MULTI-ASSET EXECUTION TRUST		CAPITAL ONE MASTER TRUST
(Exact name of issuing entity as specified in its charter) (Issuing entity in respect of the Notes)		(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		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 23059
(Address of principal executive offices of issuing entity)		(Address of principal executive offices of issuing entity)

201-593-6792		804-965-7100
(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 ☒ 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, as of the end of the monthly reporting period to which this report relates, was previously reported by the Capital One Multi-asset Execution Trust (the “COMET”) (Central Index Key (CIK) number 0001163321, Commission File Number 333-75276). See prospectuses dated December 2, 2016 relating to COMET’s Class A(2016-6) Card series notes and Class A(2016-7) Card series notes, filed on December 5, 2016 (the “Prospectuses”).

ITEM 3 – Sales of Securities and Use of Proceeds

On December 8, 2016, COMET issued its Class A(2016-6) Card series notes and its Class A(2016-7) Card series notes. Information regarding the sale of the Class A(2016-6) Card series notes and the Class A(2016-7) Card series notes has been previously reported in the Prospectuses.

ITEM 7 – Change in Sponsor Interest in the Securities

Capital One Funding, LLC, a wholly-owned subsidiary of Capital One Bank (USA), National Association (the “bank”), and/or certain other affiliates of the bank own all or a portion of one or more tranches of the Class B Card series notes and the Class C Card series notes, and Capital One Funding is the sole holder of all outstanding Class D Card series notes. On December 8, 2016, the outstanding dollar principal amount of these Class B Card series notes was increased in the amount of $55,000,000, the outstanding dollar principal amount of these Class C Card series notes was increased in the amount of $55,000,000, and the outstanding dollar principal amount of the Class D Card series notes was increased in the amount of approximately $42,835,359. After giving effect to these increases, the aggregate outstanding dollar principal amount of these Class B Card series notes was $1,946,716,000, the aggregate outstanding dollar principal amount of these Class C Card series notes was $2,140,000,000, and the outstanding dollar principal amount of the Class D Card series notes was approximately $713,046,076, in each case as of December 8, 2016.

Subject to certain restrictions on transfer, Capital One Funding and such other affiliates of the bank may, at any time and from time to time, sell or otherwise transfer all or any portion of the interest in the notes that they own.

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: January 17, 2017


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 d321090dex991.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, July 1, 2007 and March 17, 2016 (as amended and restated, the “Agreement”), among Capital One Bank (USA), National Association, as Servicer, Capital One Funding, LLC (“Funding”), as Transferor, and The Bank of New York Mellon, as Trustee (the “Trustee”), Capital One Bank (USA), National Association as Servicer is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the Capital One Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date of January 17, 2017, and with respect to the performance of the Trust during the month December, 2016, is set forth below. Current Distribution Date is January 17, 2017. Certain other information is presented based on the aggregate amounts for the Trust as a whole.

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


Amended and Restated Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, as amended and restated as of March 17, 2016, relating to the COMT Collateral Certificate.		Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007 and March 17, 2016.		Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

A)	CAPITAL ONE MASTER TRUST (RECEIVABLES)

MONTHLY PERIOD: December 2016


		ACCOUNTS (a)
1)	Beginning of the Month Principal Receivables:			$	27,809,712,405.28

2)	Beginning of the Month Finance Charge Receivables:			$	481,897,155.54

3)	Beginning of the Month AMF Receivables :			$	13,652,417.77

4)	Beginning of the Month Discounted Receivables:			$	0.00

5)	Beginning of the Month Total Receivables:		16,099,272	$	28,305,261,978.59

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			$	28,340,611,895.96

16)	End of the Month Finance Charge Receivables			$	466,124,236.80

17)	End of the Month AMF Receivables			$	13,827,889.61

18)	End of the Month Discounted Receivables			$	0.00

19)	End of the Month Total Receivables		16,034,332	$	28,820,564,022.37

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

21)	Adjusted Invested Amount of all Master Trust Series			$	23,768,046,076.28

22)	End of the Month Seller Percentage				16.13	%

(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: December 2016


		ACCOUNTS		RECEIVABLES
1)	End of the Month Delinquencies:
	2) 30 - 59 Days Delinquent		64,125	$	180,892,810.44

	3) 60 - 89 Days Delinquent		42,188	$	131,197,521.45

	4) 90 - 119 Days Delinquent		34,357	$	111,750,872.13

	5) 120 - 149 Days Delinquent		27,477	$	96,573,894.63

	6) 150 + Days Delinquent		23,564	$	84,788,158.47

	7) Total 30 + Days Delinquent		191,711	$	605,203,257.12

	8) Delinquencies 30 + Days as a Percent of End of the Month Total Receivables				2.10	%

	9) Total 60 + Days Delinquent		127,586	$	424,310,446.68

	10) Delinquencies 60 + Days as a Percent of End of the Month Total Receivables				1.47	%

11)	Defaulted Accounts during the Month		26,482	$	81,104,954.52

12)	Annualized Default Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables				3.50	%

13)	Recoveries of Charged-Off Accounts during the Month			$	31,979,914.87

14)	Annualized Recoveries as a Percent of Adjusted Beginning of Month Principal Receivables which includes Additional Principal Receivables				1.38	%

15)	Defaulted Accounts, net of Recoveries, during the Month			$	49,125,039.65

16)	Annualized Net Default Rate as a Percent of Adjusted Beginning of Month Principal Receivables which includes Additional Principal Receivables				2.12	%


C)	CAPITAL ONE MASTER TRUST (COLLECTIONS)

	MONTHLY PERIOD: December 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	$	8,873,249,735.09		31.35	%

2)	Collections of Principal Receivables and Principal Payment Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables	$	8,343,973,015.69		30.00	%

	3) Prior Month Billed Finance Charges and Fees	$	303,825,836.14

	4) Amortized AMF Income	$	12,245,964.66

	5) Interchange Collected	$	181,288,935.76

	6) Recoveries of Charged Off Accounts	$	31,979,914.87

	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	$	529,340,651.43		22.84	%


D)	CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)

	MONTHLY PERIOD: December 2016

1)	Beginning Unamortized AMF Balance			$	66,532,916.36

	2) + AMF Slug	$	0.00

	3) + AMF Collections	$	12,182,032.63

	4) - Amortized AMF Income	$	12,245,964.66

5)	Ending Unamortized AMF Balance			$	66,468,984.33


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

	MONTHLY PERIOD: December 2016

1)	Floating Allocation Amount			$	23,768,046,076.28

2)	Floating Allocation Percentage				85.466709	%

3)	Finance Charge Collections Allocated			$	452,410,036.10

4)	Plus: Other amounts to be treated as Finance Charge Amounts	$	494.66

5)	Less: Servicer Interchange	$	14,855,028.80

6)	Available Funds			$	437,555,501.96

7)	Allocations of Series 2002-CC Finance Charge Amounts
	a) Class A Targeted Deposit to Interest Funding Account	$	26,243,421.58

	b) Class B Targeted Deposit to Interest Funding Account	$	2,678,436.68

	c) Class C Targeted Deposit to Interest Funding Account	$	3,402,623.81

	d) Series 2002-CC Servicing Fee to the Servicer	$	24,758,381.33

	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	$	69,317,735.76

	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			$	311,154,902.80

9)	Total Excess Finance Charges for All Series in Group 1			$	311,154,902.80

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: December 2016

1)	Principal Allocation Amount			$	23,768,046,076.28

2)	Principal Allocation Percentage				85.466709	%

3)	Principal Collections Allocated			$	7,131,319,166.70

4)	Series 2002-CC Monthly Principal Payment			$	2,155,682,264.24

5)	Shared Principal Collections (excess principal) of Series 2002-CC			$	4,975,636,902.46

6)	Total Shared Principal Collections (excess principal) for All Series in Group			$	4,975,636,902.46

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, July 1, 2007 and March 17, 2016 (as amended and restated, the “Agreement”), as supplemented by the Amended and Restated Series 2002-CC Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016 (as amended and restated, the “Series Supplement”), among Capital One Funding, LLC, as Transferor, Capital One Bank (USA), National Association, as Servicer, and The Bank of New York Mellon, as Trustee, does hereby certify as follows:

1. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or Series Supplement, as applicable.

2. Capital One Bank (USA), National Association is, as of the date hereof, the Servicer under the Agreement.

3. The undersigned is a Servicing Officer.

4. This Certificate relates to the Distribution Date occuring on January 17, 2017.

5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects under the Agreement through the Monthly Period preceding such Distribution Date.

6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution Date.

7. As of the date hereof, to the best knowledge of the undersigned, no Lien has been placed on any of the receivables other than pursuant to the Agreement.

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 11th day of January, 2017.


CAPITAL ONE BANK (USA), National
Association as Servicer

By:		/s/ Shaun Ross
Name:		Shaun Ross
Title:		Authorized Officer

EX-99.2 3 d321090dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 01/11/2017

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: December 31, 2016

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

The following computations are prepared with respect to the Transfer Date of January 13, 2017 and with respect to the performance of the Trust during the related Monthly Period from December 1, 2016 through December 31, 2016. Current Distribution Date is January 17, 2017.

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 September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007 and March 17, 2016.		Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

Amended and Restated Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, as amended and restated as of March 17, 2016, relating to the COMT Collateral Certificate.		Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

Transfer and Administration Agreement dated as of October 9, 2002.		Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on November 12, 2002.

First Amendment to Transfer and Administration Agreement dated as of March 1, 2008.		Included in Exhibit 4.10 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

Capital One Multi-asset Execution Trust Amended and Restated Trust Agreement dated as of October 9, 2002.		Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on November 12, 2002.

Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 17, 2016.		Included in Exhibit 4.4 to Funding’s Form 8-K filed with the SEC on March 17, 2016.


COMT Asset Pool 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.

Card Series Indenture Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016.		Included in Exhibit 4.5 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

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 (2007-1)

14041NDG3

17-Jan-17

431,916.15

0.6910658400

CLASS A (2007-2)

14041NDL2

17-Jan-17

502,996.08

0.7185658286

CLASS A (2007-5)

14041NDT5

17-Jan-17

409,139.50

0.6818991667

CLASS A (2007-7)

14041NDX6

17-Jan-17

4,791,666.67

4.7916666700

CLASS A (2007-A)

U13554AD9

17-Jan-17

866,666.67

4.3333333500

CLASS A (2014-1)

14041NEN7

17-Jan-17

2,622,000.00

2.7600000000

CLASS A (2014-2)

14041NEP2

17-Jan-17

1,102,500.00

1.0500000000

CLASS A (2014-3)

14041NER8

17-Jan-17

447,104.63

0.9935658444

CLASS A (2014-4)

14041NES6

17-Jan-17

536,377.88

0.9752325091

CLASS A (2014-5)

14041NET4

17-Jan-17

1,603,333.33

1.2333333308

CLASS A (2015-1)

14041NEU1

17-Jan-17

1,447,916.67

1.1583333360

CLASS A (2015-2)

14041NEV9

17-Jan-17

1,126,666.67

1.7333333385

CLASS A (2015-3)

14041NEW7

17-Jan-17

430,057.15

1.0118991765

CLASS A (2015-4)

14041NEX5

17-Jan-17

630,208.33

2.2916666545

CLASS A (2015-5)

14041NEY3

17-Jan-17

933,333.33

1.3333333286

CLASS A (2015-6)

14041NEZ0

17-Jan-17

836,739.29

0.9843991647

CLASS A (2015-7)

14041NFA4

17-Jan-17

513,541.67

1.2083333412

CLASS A (2015-8)

14041NFB2

17-Jan-17

854,166.67

1.7083333400

CLASS A (2016-1)

14041NFC0

17-Jan-17

1,375,052.25

1.0577325000

CLASS A (2016-2)

14041NFD8

17-Jan-17

764,207.81

1.2227324960

CLASS A (2016-3)

14041NFE6

17-Jan-17

1,507,500.00

1.1166666667

CLASS A (2016-4)

14041NFF3

17-Jan-17

1,219,166.67

1.1083333364

CLASS A (2016-5)

14041NFG1

17-Jan-17

864,583.33

1.3833333280

CLASS A (2016-6)

14041NFH9

17-Jan-17

1,496,444.44

1.8705555500

CLASS A (2016-7)

14041NFJ5

17-Jan-17

611,636.39

1.2876555579

Total Class A

27,924,921.58

CLASS B (2004-3)

14041NBL4

17-Jan-17

197,159.88

1.3143992000

CLASS B (2005-3)

14041NCG4

17-Jan-17

365,444.44

3.6544444000

CLASS B (2007-1)

14041NDH1

17-Jan-17

312,456.38

0.8927325143

CLASS B (2009-C)

17-Jan-17

2,037,737.09

1.3339636743

Total Class B

2,912,797.79

CLASS C (2007-1)

14041NDJ7

17-Jan-17

325,569.75

1.0852325000

CLASS C (2009-A)

17-Jan-17

3,077,054.06

1.6836762146

Total Class C

3,402,623.81

Total

34,240,343.18

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 (2007-1)

14041NDG3

17-Jan-17

625,000,000.00

1,000.0000000000

CLASS B (2007-1)

14041NDH1

17-Jan-17

350,000,000.00

1,000.0000000000

CLASS C (2007-1)

14041NDJ7

17-Jan-17

300,000,000.00

1,000.0000000000

CLASS A (2014-1)

14041NEN7

17-Jan-17

950,000,000.00

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 (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 (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
CLASS A (2016-1)		1,300,000,000.00		1,300,000,000.00		1,300,000,000.00		1,300,000,000.00
CLASS A (2016-2)		625,000,000.00		625,000,000.00		625,000,000.00		625,000,000.00
CLASS A (2016-3)		1,350,000,000.00		1,350,000,000.00		1,350,000,000.00		1,350,000,000.00
CLASS A (2016-4)		1,100,000,000.00		1,100,000,000.00		1,100,000,000.00		1,100,000,000.00
CLASS A (2016-5)		625,000,000.00		625,000,000.00		625,000,000.00		625,000,000.00
CLASS A (2016-6)		800,000,000.00		800,000,000.00		800,000,000.00		800,000,000.00
CLASS A (2016-7)		475,000,000.00		475,000,000.00		475,000,000.00		475,000,000.00

Total Class A		18,775,000,000.00		18,775,000,000.00		18,775,000,000.00		18,775,000,000.00

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 (2007-1)		350,000,000.00		350,000,000.00		350,000,000.00		350,000,000.00
CLASS B (2009-C)		1,540,000,000.00		1,540,000,000.00		1,540,000,000.00		1,540,000,000.00

Total Class B		2,140,000,000.00		2,140,000,000.00		2,140,000,000.00		2,140,000,000.00

CLASS C (2007-1)		300,000,000.00		300,000,000.00		300,000,000.00		300,000,000.00
CLASS C (2009-A)		1,840,000,000.00		1,840,000,000.00		1,840,000,000.00		1,840,000,000.00

Total Class C		2,140,000,000.00		2,140,000,000.00		2,140,000,000.00		2,140,000,000.00
CLASS D (2002-1)				713,046,076.28		713,046,076.28		713,046,076.28

Total		23,055,000,000.00		23,768,046,076.28		23,768,046,076.28		23,768,046,076.28

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 (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 (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
CLASS A (2016-1)		1,300,000,000.00		—		—		—		—		—		—		1,300,000,000.00
CLASS A (2016-2)		625,000,000.00		—		—		—		—		—		—		625,000,000.00
CLASS A (2016-3)		1,350,000,000.00		—		—		—		—		—		—		1,350,000,000.00
CLASS A (2016-4)		1,100,000,000.00		—		—		—		—		—		—		1,100,000,000.00
CLASS A (2016-5)		625,000,000.00		—		—		—		—		—		—		625,000,000.00
CLASS A (2016-6)		800,000,000.00		—		—		—		—		—		—		800,000,000.00
CLASS A (2016-7)		475,000,000.00		—		—		—		—		—		—		475,000,000.00

Total Class A		18,775,000,000.00		—		—		—		—		—		1,575,000,000.00		17,200,000,000.00

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 (2007-1)		350,000,000.00		—		—		—		—		—		350,000,000.00		—
CLASS B (2009-C)		1,540,000,000.00		—		—		—		—		—		—		1,540,000,000.00

Total Class B		2,140,000,000.00		—		—		—		—		—		350,000,000.00		1,790,000,000.00

CLASS C (2007-1)		300,000,000.00		—		—		—		—		—		300,000,000.00		—
CLASS C (2009-A)		1,840,000,000.00		—		—		—		—		—		—		1,840,000,000.00

Total Class C		2,140,000,000.00		—		—		—		—		—		300,000,000.00		1,840,000,000.00

Class D (2002-1)		713,046,076.28		—		—		—		—		—		—		644,231,206.28

Total		23,768,046,076.28		—		—		—		—		—		2,225,000,000.00		21,474,231,206.28

*	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.

E. Targeted Deposits to Principal Funding sub-Accounts:


	Beginning Principal Funding sub-Account Balance	Targeted Deposit to Principal Funding sub-Account		Previous shortfalls of targeted deposits to the Principal Funding Sub-Account	Actual Deposit to Principal Funding sub-Account		Amounts withdrawn from the Principal Funding sub-Account for payment to noteholders		Ending Principal Funding sub-Account Balance	Principal Funding sub-Account Earnings
CLASS A (2007-1)			625,000,000.00			625,000,000.00		625,000,000.00
CLASS B (2007-1)			350,000,000.00			350,000,000.00		350,000,000.00
CLASS C (2007-1)			300,000,000.00			300,000,000.00		300,000,000.00
CLASS A (2014-1)			950,000,000.00			950,000,000.00		950,000,000.00

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 (2007-1)		0.754	%		—		431,916.15		—		431,916.15		(431,916.15	)		—		0.00
CLASS A (2007-2)		0.784	%		—		502,996.08		—		502,996.08		(502,996.08	)		—		0.00
CLASS A (2007-5)		0.744	%		—		409,139.50		—		409,139.50		(409,139.50	)		—		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 (2014-1)		1.080	%		1,681,500.00		940,500.00		—		940,500.00		(2,622,000.00	)		—		434.14
CLASS A (2014-2)		1.260	%		—		1,102,500.00		—		1,102,500.00		(1,102,500.00	)		—		0.00
CLASS A (2014-3)		1.084	%		—		447,104.63		—		447,104.63		(447,104.63	)		—		0.00
CLASS A (2014-4)		1.064	%		—		536,377.88		—		536,377.88		(536,377.88	)		—		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)		1.104	%		—		430,057.15		—		430,057.15		(430,057.15	)		—		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)		1.074	%		—		836,739.29		—		836,739.29		(836,739.29	)		—		0.00
CLASS A (2015-7)		1.450	%		—		513,541.67		—		513,541.67		(513,541.67	)		—		0.00
CLASS A (2015-8)		2.050	%		—		854,166.67		—		854,166.67		(854,166.67	)		—		0.00
CLASS A (2016-1)		1.154	%		—		1,375,052.25		—		1,375,052.25		(1,375,052.25	)		—		0.00
CLASS A (2016-2)		1.334	%		—		764,207.81		—		764,207.81		(764,207.81	)		—		0.00
CLASS A (2016-3)		1.340	%		—		1,507,500.00		—		1,507,500.00		(1,507,500.00	)		—		0.00
CLASS A (2016-4)		1.330	%		—		1,219,166.67		—		1,219,166.67		(1,219,166.67	)		—		0.00
CLASS A (2016-5)		1.660	%		—		864,583.33		—		864,583.33		(864,583.33	)		—		0.00
CLASS A (2016-6)		1.820	%		—		1,496,444.44		—		1,496,444.44		(1,496,444.44	)		—		0.00
CLASS A (2016-7)		1.159	%		—		611,636.39		—		611,636.39		(611,636.39	)		—		0.00

Total Class A					1,681,500.00		26,243,421.58		—		26,243,421.58		(27,924,921.58	)		—		434.14

CLASS B (2004-3)		1.434	%		—		197,159.88		—		197,159.88		(197,159.88	)		—		0.00
CLASS B (2005-3)		1.430	%		234,361.11		131,083.33		—		131,083.33		(365,444.44	)		—		60.52
CLASS B (2007-1)		0.974	%		—		312,456.38		—		312,456.38		(312,456.38	)		—		0.00
CLASS B (2009-C)		—			—		2,037,737.09		—		2,037,737.09		(2,037,737.09	)		—		0.00

Total Class B					234,361.11		2,678,436.68		—		2,678,436.68		(2,912,797.79	)		—		60.52

CLASS C (2007-1)		1.184	%		—		325,569.75		—		325,569.75		(325,569.75	)		—		0.00
CLASS C (2009-A)		—			—		3,077,054.06		—		3,077,054.06		(3,077,054.06	)		—		0.00

Total Class C					—		3,402,623.81		—		3,402,623.81		(3,402,623.81	)		—		0.00

Total					1,915,861.11		32,324,482.07		—		32,324,482.07		(34,240,343.18	)		—		494.66

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

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 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 (2007-1)
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 (2014-1)
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
CLASS A (2016-1)		148,102,500.00		148,102,500.00		148,102,500.00		148,102,500.00		49,367,500.00		49,367,500.00
CLASS A (2016-2)		71,203,125.00		71,203,125.00		71,203,125.00		71,203,125.00		23,734,375.00		23,734,375.00
CLASS A (2016-3)		153,798,750.00		153,798,750.00		153,798,750.00		153,798,750.00		51,266,250.00		51,266,250.00
CLASS A (2016-4)		125,317,500.00		125,317,500.00		125,317,500.00		125,317,500.00		41,772,500.00		41,772,500.00
CLASS A (2016-5)		71,203,125.00		71,203,125.00		71,203,125.00		71,203,125.00		23,734,375.00		23,734,375.00
CLASS A (2016-6)		91,140,000.00		91,140,000.00		91,140,000.00		91,140,000.00		30,380,000.00		30,380,000.00
CLASS A (2016-7)		54,114,375.00		54,114,375.00		54,114,375.00		54,114,375.00		18,038,125.00		18,038,125.00

Total Class A		1,959,510,000.00		1,959,510,000.00		1,959,510,000.00		1,959,510,000.00		653,170,000.00		653,170,000.00

CLASS B (2004-3)						162,751,986.35		162,751,986.35		54,250,662.12		54,250,662.12
CLASS B (2005-3)						108,501,324.23		108,501,324.23		36,167,108.08		36,167,108.08
CLASS B (2007-1)
CLASS B (2009-C)						1,670,920,393.19		1,670,920,393.19		556,973,464.40		556,973,464.40

Total Class B						1,942,173,703.77		1,942,173,703.77		647,391,234.60		647,391,234.60
CLASS C (2007-1)
CLASS C (2009-A)										644,231,206.28		644,231,206.28

Total Class C										644,231,206.28		644,231,206.28

N. Early Redemption Event


Current Month Excess Spread Amount	$	311,154,902.80

Prior Month Excess Spread Amount	$	277,292,353.00

Two Months Prior Excess Spread Amount	$	297,409,106.40

Three Month Average Excess Spread Amount	$	295,285,454.07

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

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 11th day of January, 2017.


Capital One Bank (USA), National Association
as Administrator

By:		/s/ Shaun Ross
Name:		Shaun Ross
Title:		Authorized Officer
Date:		1/11/2017

Signature page to CARD SERIES SCHEDULE TO MONTHLY NOTEHOLDERS’ STATEMENT