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.

 

1

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.

 

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 (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      

 

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 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   

 

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 (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   

 

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 (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.

 

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 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         

 

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 (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   

 

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 (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   

 

11

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

 

12

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

 

13