Bank One De Na As Serv On Behalf Part Credit Card Mas TR Inactive
Filed: 15 Jan 03, 12:00am
| A. | Trust Level Activity | |||
| Number of Days in Monthly Period | 31 | |||
| Beginning Principal Receivables Balance | 1,348,258,946.71 | |||
| Beginning Special Funding Account Balance | 0.00 | |||
| Beginning Principal Receivables + SFA Balance | 1,348,258,946.71 | |||
| Beginning Finance Charge Receivables | 38,653,610.64 | |||
| Beginning Total Receivables | 1,386,912,557.35 | |||
| Special Funding Account Earnings | 0.00 | |||
| Finance Charge Collections | 17,036,129.43 | |||
| Interest/Fee Reversals (Wachovia accounts only) | 0.00 | |||
| Interchange Collections | 3,848,644.27 | |||
| Collection Account Investment Proceeds | 0.00 | |||
| Recoveries treated as Finance Charge Collections | 0.00 | |||
| Total Finance Charge Receivables Collections | 20,884,773.70 | |||
| Principal Receivables Collections | 114,594,393.64 | |||
| Recoveries treated as Principal Collections | 832,736.79 | |||
| Total Principal Receivables Collections | 115,427,130.43 | |||
| Monthly Payment Rate (Principal plus Interest divided by Beg. Total Receivables) | 9.49% | |||
| Defaulted Amount (Net of Recoveries) | 10,418,380.87 | |||
| Annualized Default Rate | 9.27% | |||
| Trust Gross Yield | 18.59% | |||
| 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 | 1,357,768,793.01 | |||
| Ending Special Funding Account (SFA) Balance | 0.00 | |||
| Ending Principal Receivables + SFA Balance | 1,357,768,793.01 | |||
| Ending Finance Charge Receivables | 37,010,250.12 | |||
| Ending Total Receivables | 1,394,779,043.13 | |||
| Required Minimum Principal Balance (as of month end) | 429,499,999.98 |
| 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) | 48,782,307.39 | 48,782,307.39 | ||||||||
| Initial Invested Amount + Req Transf Amount | 798,782,307.39 | 798,782,307.39 | ||||||||
| Series Allocation Percentage | 100.00% | 100.00% | ||||||||
| Series Allocable Finance Charge Collections | 20,884,773.70 | 20,884,773.70 | ||||||||
| Series Allocable Principal Collections | 115,427,130.43 | 115,427,130.43 | ||||||||
| Series Allocable Defaulted Amounts | 10,418,380.87 | 10,418,380.87 | ||||||||
| Series Allocable Servicing Fee | 627,316.84 | 627,316.84 | ||||||||
| In Revolving Period? | N | |||||||||
| Available for Principal Sharing Series | 5,124,608.30 | 5,124,608.30 | ||||||||
| Principal Shortfall | 0.00 | 0.00 | ||||||||
| Allocation of Shared Principal Collections | 0.00 | 0.00 | ||||||||
| Available for Excess Allocation Series | 2,261,888.46 | 2,261,888.46 | ||||||||
| 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 | 67.45% | |||||||||
| Principal Allocation Percentage | 55.63% | |||||||||
| Principal Collections | 64,208,991.93 | |||||||||
| Floating Allocation Percentage | 32.55% | |||||||||
| Class A Certificate Rate | 1.55000% | |||||||||
| Class B Certificate Rate | 1.78000% | |||||||||
| CIA Certificate Rate | 2.39500% | |||||||||
| CIA Secured Loan Spread Rate | 2.14500% | |||||||||
| Class D Certificate Rate | 0.00000% | |||||||||
| Class A Interest | 682,000.00 | |||||||||
| Class B Interest | 167,616.67 | |||||||||
| Collateral Monthly Interest | 27,722.34 | |||||||||
| Class D Interest | 0.00 | |||||||||
| Investor Monthly Interest | 877,339.01 | |||||||||
| Investor Default Amount (Net of Recoveries) | 3,391,240.03 | |||||||||
| Interchange Collections | 1,252,754.79 | |||||||||
| 0.75% of Interchange | 235,243.82 | |||||||||
| Servicer Interchange | 235,243.82 | |||||||||
| Monthly Servicing Fee (Before Adjustments) | 627,316.84 | |||||||||
| Interchange Adjustment | 0.00 | |||||||||
| SFA Adjustment | 0.00 | |||||||||
| Previous Period Adjustment | 0.00 | |||||||||
| Total Monthly Servicing Fee (After all adjustments) | 627,316.84 | |||||||||
| C. | Calculation of Redirected Investor Finance Charge Collections (“Socialism”) | |||||||||
Group I | 1998-3 | |||||||||
| Beginning Invested Amount (Month) | 705,949,004.31 | 705,949,004.31 | ||||||||
| Finance Charge Collections | 6,798,108.22 | 6,798,108.22 | ||||||||
| Reserve Account Interest | 3,565.00 | 3,565.00 | ||||||||
| PFA Proceeds | 356,111.11 | 356,111.11 | ||||||||
| Total Finance Charge Collections | 7,157,784.33 | 7,157,784.33 | ||||||||
| Investor Monthly Interest | 877,339.01 | 877,339.01 | ||||||||
| Investor Default Amount | 3,391,240.03 | 3,391,240.03 | ||||||||
| Monthly Servicing Fee | 627,316.84 | 627,316.84 | ||||||||
| Additional Amounts | 0.00 | 0.00 | ||||||||
| Total Amount Due | 4,895,895.88 | 4,895,895.88 | ||||||||
| 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 | 877,339.01 3,391,240.03 627,316.84 0.00 | |||||||
| Redirected Finance Charge Collections | 7,157,784.33 | 7,157,784.33 | ||||||||
| Amount of funds redistributed per 4.10 | 0.00 | |||||||||
| Redirected Finance Charge Collections—PFA Proceeds (Class A available funds) | 6,801,673.22 | |||||||||
| D. Trust Performance | |||||||||||||
| 30-59 Days Delinquent | 24,698,966.42 | 1.82 | % | ||||||||||
| 60-89 Days Delinquent | 15,859,637.53 | 1.17 | % | ||||||||||
| 90+ Days Delinquent | 33,002,537.57 | 2.43 | % | ||||||||||
| Total 30+ Days Delinquent | 73,561,141.52 | 5.42 | % |
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 | ||