Bank One De Na As Serv On Behalf Part Credit Card Mas TR Inactive
Filed: 16 Dec 02, 12:00am
| A. | Trust Level Activity | |||
| Number of Days in Monthly Period | 30 | |||
| Beginning Principal Receivables Balance | 1,359,617,552.63 | |||
| Beginning Special Funding Account Balance | 0.00 | |||
| Beginning Principal Receivables + SFA Balance | 1,359,617,552.63 | |||
| Beginning Finance Charge Receivables | 38,187,922.06 | |||
| Beginning Total Receivables | 1,397,805,474.69 | |||
| Special Funding Account Earnings | 0.00 | |||
| Finance Charge Collections | 15,726,978.40 | |||
| Interest/Fee Reversals (Wachovia accounts only) | 0.00 | |||
| Interchange Collections | 3,186,464.31 | |||
| Collection Account Investment Proceeds | 0.00 | |||
| Recoveries treated as Finance Charge Collections | 0.00 | |||
| Total Finance Charge Receivables Collections | 18,913,442.71 | |||
| Principal Receivables Collections | 106,029,720.95 | |||
| Recoveries treated as Principal Collections | 706,987.28 | |||
| Total Principal Receivables Collections | 106,736,708.23 | |||
| Monthly Payment Rate (Principal plus Interest divided by Beg. Total Receivables) | 8.71% | |||
| Defaulted Amount (Net of Recoveries) | 10,019,591.36 | |||
| Annualized Default Rate | 8.84% | |||
| Trust Gross Yield | 16.69% | |||
| 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 | 1,348,258,946.71 | |||
| Ending Special Funding Account (SFA) Balance | 0.00 | |||
| Ending Principal Receivables + SFA Balance | 1,348,258,946.71 | |||
| Ending Finance Charge Receivables | 38,653,610.64 | |||
| Ending Total Receivables | 1,386,912,557.35 | |||
| Required Minimum Principal Balance (as of month end) | 482,916,666.65 |
| 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) | 49,416,430.30 | 49,416,430.30 | |||||||||
| Initial Invested Amount + Req Transf Amount | 799,416,430.30 | 799,416,430.30 | |||||||||
| Series Allocation Percentage | 100.00% | 100.00% | |||||||||
| Series Allocable Finance Charge Collections | 18,913,442.71 | 18,913,442.71 | |||||||||
| Series Allocable Principal Collections | 106,736,708.23 | 106,736,708.23 | |||||||||
| Series Allocable Defaulted Amounts | 10,019,591.36 | 10,019,591.36 | |||||||||
| Series Allocable Servicing Fee | 731,442.78 | 731,442.78 | |||||||||
| In Revolving Period? | N | ||||||||||
| Available for Principal Sharing Series | 97,737.92 | 97,737.92 | |||||||||
| Principal Shortfall | 0.00 | 0.00 | |||||||||
| Allocation of Shared Principal Collections | 0.00 | 0.00 | |||||||||
| Available for Excess Allocation Series | 1,921,276.68 | 1,921,276.68 | |||||||||
| 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 | 63.13% | ||||||||||
| Principal Allocation Percentage | 55.16% | ||||||||||
| Principal Collections | 58,878,712.64 | ||||||||||
| Floating Allocation Percentage | 36.87% | ||||||||||
| Class A Certificate Rate | 1.51125% | ||||||||||
| Class B Certificate Rate | 1.74125% | ||||||||||
| CIA Certificate Rate | 2.35625% | ||||||||||
| CIA Secured Loan Spread Rate | 2.10625% | ||||||||||
| Class D Certificate Rate | 0.00000% | ||||||||||
| Class A Interest | 687,115.00 | ||||||||||
| Class B Interest | 169,433.30 | ||||||||||
| Collateral Monthly Interest | 46,563.37 | ||||||||||
| Class D Interest | 0.00 | ||||||||||
| Investor Monthly Interest | 903,111.67 | ||||||||||
| Investor Default Amount (Net of Recoveries) | 3,694,590.64 | ||||||||||
| Interchange Collections | 1,174,966.21 | ||||||||||
| 0.75% of Interchange | 274,291.04 | ||||||||||
| Servicer Interchange | 274,291.04 | ||||||||||
| Monthly Servicing Fee (Before Adjustments) | 731,442.78 | ||||||||||
| Interchange Adjustment | 0.00 | ||||||||||
| SFA Adjustment | 0.00 | ||||||||||
| Previous Period Adjustment | 0.00 | ||||||||||
| Total Monthly Servicing Fee (After all adjustments) | 731,442.78 | ||||||||||
| C. | Calculation of Redirected Investor Finance Charge Collections (“Socialism”) | ||||||||||
Group I | 1998-3 | ||||||||||
| Beginning Invested Amount (Month) | 715,007,501.03 | 715,007,501.03 | |||||||||
| Finance Charge Collections | 6,974,079.68 | 6,974,079.68 | |||||||||
| Reserve Account Interest | 3,101.00 | 3,101.00 | |||||||||
| PFA Proceeds | 273,241.09 | 273,241.09 | |||||||||
| Total Finance Charge Collections | 7,250,421.77 | 7,250,421.77 | |||||||||
| Investor Monthly Interest | 903,111.67 | 903,111.67 | |||||||||
| Investor Default Amount | 3,694,590.64 | 3,694,590.64 | |||||||||
| Monthly Servicing Fee | 731,442.78 | 731,442.78 | |||||||||
| Additional Amounts | 0.00 | 0.00 | |||||||||
| Total Amount Due | 5,329,145.09 | 5,329,145.09 | |||||||||
| Group Excess? | Y | ||||||||||
Amount per 4.10(A) Amount per 4.10(B) Amount per 4.10(C) Amount per 4.10(D) | } | used in a shortfall scenario only | 903,111.67 3,694,590.64 731,442.78 0.00 | ||||||||
| Redirected Finance Charge Collections | 7,250,421.77 | 7,250,421.77 | |||||||||
| Amount of funds redistributed per 4.10 | 0.00 | ||||||||||
| Redirected Finance Charge Collections—PFA Proceeds (Class A available funds) | 6,977,180.68 | ||||||||||
| D. Trust Performance | ||||||||||||
| 30-59 Days Delinquent | 24,012,559.55 | 1.78% | ||||||||||
| 60-89 Days Delinquent | 16,934,119.61 | 1.26% | ||||||||||
| 90+ Days Delinquent | 32,729,425.80 | 2.43% | ||||||||||
| Total 30+ Days Delinquent | 73,676,104.96 | 5.47% |
BANK ONE, DELAWARE, NATIONAL ASSOCIATION (FORMERLY FIRST USA BANK, N.A.) AS SERVICER | ||
| By: | /S/ MICHAEL J. GRUBB | |
Name: Michael J. Grubb Title: First Vice President | ||