Bank One De Na As Serv On Behalf Part Credit Card Mas TR Inactive
Filed: 16 Sep 02, 12:00am
| A. Trust Level Activity | |||
| Number of Days in Monthly Period | 31 | ||
| Beginning Principal Receivables Balance | 1,401,784,790.56 | ||
| Beginning Special Funding Account Balance | 0.00 | ||
| Beginning Principal Receivables + SFA Balance | 1,401,784,790.56 | ||
| Beginning Finance Charge Receivables | 40,855,876.36 | ||
| Beginning Total Receivables | 1,442,640,666.92 | ||
| Special Funding Account Earnings | 0.00 | ||
| Finance Charge Collections | 17,326,982.24 | ||
| Interest/Fee Reversals (Wachovia accounts only) | 0.00 | ||
| Interchange Collections | 3,749,927.01 | ||
| Collection Account Investment Proceeds | 0.00 | ||
| Recoveries treated as Finance Charge Collections | 0.00 | ||
| Total Finance Charge Receivables Collections | 21,076,909.25 | ||
| Principal Receivables Collections | 116,739,603.98 | ||
| Recoveries treated as Principal Collections | 903,805.57 | ||
| Total Principal Receivables Collections | 117,643,409.55 | ||
| Monthly Payment Rate (Principal plus Interest divided by Beg. Total Receivables) | 9.29 | % | |
| Defaulted Amount (Net of Recoveries) | 9,234,585.86 | ||
| Annualized Default Rate | 7.91 | % | |
| Trust Gross Yield | 18.04 | % | |
| Aggregate Account Addition or Removal (Y/N)? | N | ||
| Date of Addition/Removal | N/A | ||
| Principal Receivables at the end of the day of Addition/Removal | N/A | ||
| SFA Balance at the end of the day of Addition/Removal | N/A | ||
| Principal Receivables + SFA Balance at the end of the day of Addition/Removal | N/A | ||
| Ending Principal Receivables Balance | 1,389,792,666.32 | ||
| Ending Special Funding Account (SFA) Balance | 0.00 | ||
| Ending Principal Receivables + SFA Balance | 1,389,792,666.32 | ||
| Ending Finance Charge Receivables | 40,452,679.03 | ||
| Ending Total Receivables | 1,430,245,345.35 | ||
| Required Minimum Principal Balance (as of month end) | 643,166,666.66 |
| B. Series Allocations | ||||||
Total | 1998-3 | |||||
| Group | 1 | |||||
| Class A Initial Invested Amount | 528,000,000.00 | 528,000,000.00 | ||||
| Class B Initial Invested Amount | 113,000,000.00 | 113,000,000.00 | ||||
| Collateral Initial Invested Amount | 67,000,000.00 | 67,000,000.00 | ||||
| Class D Initial Invested Amount | 42,000,000.00 | 42,000,000.00 | ||||
| Total Initial Invested Amount | 750,000,000.00 | 750,000,000.00 | ||||
| Required Transferor Amount (per definition) | 51,316,988.19 | 51,316,988.19 | ||||
| Initial Invested Amount + Req Transf Amount | 801,316,988.19 | 801,316,988.19 | ||||
| Series Allocation Percentage | 100.00 | % | 100.00 | % | ||
| Series Allocable Finance Charge Collections | 21,076,909.25 | 21,076,909.25 | ||||
| Series Allocable Principal Collections | 117,643,409.55 | 117,643,409.55 | ||||
| Series Allocable Defaulted Amounts | 9,234,585.86 | 9,234,585.86 | ||||
| Series Alloc Addtl Defaults due to change in c/o policy | 0.00 | 0.00 | ||||
| Series Allocable Servicing Fee | 1,043,777.50 | 1,043,777.50 | ||||
| In Revolving Period? | N | |||||
| Available for Principal Sharing Series | 5,025,974.09 | 5,025,974.09 | ||||
| Principal Shortfall | 0.00 | 0.00 | ||||
| Allocation of Shared Principal Collections | 0.00 | 0.00 | ||||
| Available for Excess Allocation Series | 3,694,852.09 | 3,694,852.09 | ||||
| Finance Charge Shortfall | 0.00 | 0.00 | ||||
| Allocation of Excess Finance Charge Collections | 0.00 | 0.00 |
| B. Series Allocations Amounts Due | |||
1998-3 | |||
| Transferor’s Percentage | 50.88 | % | |
| Principal Allocation Percentage | 53.50 | % | |
| Principal Collections | 62,943,012.19 | ||
| Floating Allocation Percentage | 49.12 | % | |
| Class A Certificate Rate | 1.91000 | % | |
| Class B Certificate Rate | 2.14000 | % | |
| CIA Certificate Rate | 2.75500 | % | |
| CIA Secured Loan Spread Rate | 2.50500 | % | |
| Class D Certificate Rate | 0.00000 | % | |
| Class A Interest | 896,426.67 | ||
| Class B Interest | 214,951.11 | ||
| Collateral Monthly Interest | 122,688.92 | ||
| Class D Interest | 0.00 | ||
| Investor Monthly Interest | 1,234,066.70 | ||
| Investor Default Amount (Net of Recoveries) | 4,536,234.29 | ||
| Interchange Collections | 1,842,047.68 | ||
| 0.75% of Interchange | 391,416.56 | ||
| Servicer Interchange | 391,416.56 | ||
| Monthly Servicing Fee (Before Adjustments) | 1,043,777.50 | ||
| Interchange Adjustment | 0.00 | ||
| SFA Adjustment | 0.00 | ||
| Previous Period Adjustment | 0.00 | ||
| Total Monthly Servicing Fee (After all adjustments) | 1,043,777.50 |
| C. Calculation of Redirected Investor Finance Charge Collections (“Socialism”) | ||||
Group 1 | 1998-3 | |||
| Beginning Invested Amount (Month) | 742,004,583.33 | 742,004,583.33 | ||
| Finance Charge Collections | 10,353,447.35 | 10,353,447.35 | ||
| Reserve Account Interest | 4,136.00 | 4,136.00 | ||
| PFA Proceeds | 151,347.22 | 151,347.22 | ||
| Total Finance Charge Collections | 10,508,930.57 | 10,508,930.57 | ||
| Investor Monthly Interest | 1,234,066.70 | 1,234,066.70 | ||
| Investor Default Amount | 4,536,234.29 | 4,536,234.29 | ||
| Monthly Servicing Fee | 1,043,777.50 | 1,043,777.50 | ||
| Additional Amounts | 0.00 | 0.00 | ||
| Total Amount Due | 6,814,078.49 | 6,814,078.49 | ||
| Group Excess? | Y | |||
| Amount per 4.10(A) | 1,234,066.70 | |||
| Amount per 4.10(B) used in a | 4,536,234.29 | |||
| Amount per 4.10(C) shortfall scenario only | 1,043,777.50 | |||
| Amount per 4.10(D) | 0.00 | |||
| Redirected Finance Charge Collections | 10,508,930.57 | 10,508,930.57 | ||
| Amount of funds redistributed per 4.10 | 0.00 | |||
| Redirected Finance Charge Collections—PFA Proceeds (Class A available funds) | 10,357,583.35 |
| D. Trust Performance | ||||
| 30-59 Days Delinquent | 24,411,083.44 | 1.76% | ||
| 60-89 Days Delinquent | 16,435,620.64 | 1.18% | ||
| 90+ Days Delinquent | 30,791,665.93 | 2.21% | ||
| Total 30+ Days Delinquent | 71,638,370.01 | 5.15% |
| By: | /s/ MICHAEL J. GRUBB | |
Name: Michael J. Grubb Title: First Vice President |