Bank One De Na As Serv On Behalf Part Credit Card Mas TR Inactive
Filed: 15 Jan 03, 12:00am
| A. | Investor/Transferor Allocations |
| B. | Monthly Funding Requirements |
| Last Payment Date | 16-Dec-02 | |||||||||
| Current Payment Date | 15-Jan-03 | |||||||||
| Actual / 360 Days | 30 | 30 | 30 | 30 | ||||||
| 30 / 360 Days | 30 | 30 | 30 | 30 | ||||||
| Fixed / Floating | Floating | Floating | Floating | Floating | ||||||
Class A | Class B | Collateral Invested Amount | Class D | Total | ||||||
| Certificate Rate | 1.55000% | 1.78000% | 2.39500% | 0.00000% | ||||||
| Secured Loan Spread Rate (Applies to CIA only) | 2.14500% | |||||||||
| Initial Balance | 528,000,000.00 | 113,000,000.00 | 67,000,000.00 | 42,000,000.00 | 750,000,000.00 | |||||
| Required Transferor Amount | 48,782,307.39 | |||||||||
| Initial Invested Amount + Req Transf Amount | 798,782,307.39 | |||||||||
| Beginning Outstanding Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 13,890,105.62 | 42,000,000.00 | 696,890,105.62 | |||||
| Ending Outstanding Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 4,831,148.65 | 42,000,000.00 | 687,831,148.65 | |||||
| Beginning Invested Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 13,890,105.62 | 42,000,000.00 | 696,890,105.62 | |||||
| Ending Invested Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 4,831,148.65 | 42,000,000.00 | 687,831,148.65 | |||||
| Beginning Adjusted Invested Amount (Distribution) | 207,499,999.98 | 113,000,000.00 | 13,890,105.62 | 42,000,000.00 | 376,390,105.61 | |||||
| Ending Adjusted Invested Amount (Distribution) | 154,083,333.31 | 113,000,000.00 | 4,831,148.65 | 42,000,000.00 | 313,914,481.96 | |||||
| Beginning Invested Amount (Month) | 528,000,000.00 | 113,000,000.00 | 22,949,004.31 | 42,000,000.00 | 705,949,004.31 | |||||
| Ending Invested Amount (Month) | 528,000,000.00 | 113,000,000.00 | 13,890,105.62 | 42,000,000.00 | 696,890,105.62 | |||||
| Beginning Adjusted Invested Amount (Month) | 260,916,666.65 | 113,000,000.00 | 22,949,004.31 | 42,000,000.00 | 438,865,670.97 | |||||
| Ending Adjusted Invested Amount (Month) | 207,499,999.98 | 113,000,000.00 | 13,890,105.62 | 42,000,000.00 | 376,390,105.60 | |||||
| Principal Allocation Percentage | 70.40% | 15.07% | 8.93% | 5.60% | 100.00% | |||||
| Floating Allocation Percentage | 59.45% | 25.75% | 5.23% | 9.57% | 100.00% | |||||
| Principal Collections | 45,203,130.32 | 9,674,154.78 | 5,736,003.28 | 3,595,703.55 | 64,208,991.93 | |||||
| Redirected Finance Charge Collections | 4,043,765.60 | 1,751,308.26 | 355,670.63 | 650,928.73 | 6,801,673.22 | |||||
| Reserve Account Draw | 57,868.06 | 0.00 | 0.00 | 0.00 | 57,868.06 | |||||
| PFA Proceeds (Class A Available Funds) | 356,111.11 | 0.00 | 0.00 | 0.00 | 356,111.11 | |||||
| Redirected Finance Charge plus PFA Proceeds | 4,457,744.77 | 1,751,308.26 | 355,670.63 | 650,928.73 | 7,215,652.39 | |||||
| Monthly Interest | 682,000.00 | 167,616.67 | 27,722.34 | 0.00 | 877,339.01 | |||||
| Investor Default Amount (Net) | 2,016,177.39 | 873,183.18 | 177,333.49 | 324,545.96 | 3,391,240.03 | |||||
| Monthly Servicing Fee | 372,955.62 | 161,522.78 | 32,803.42 | 60,035.02 | 627,316.84 | |||||
| Total Due | 3,071,133.02 | 1,202,322.63 | 237,859.26 | 384,580.98 | 4,895,895.88 | |||||
| Redirected Investor Fin Charge Coll + YSA Draw + PFA Inv Proceeds + Reserve Fund Releases | 7,215,652.39 | |||||||||
| Series Adjusted Portfolio Yield | 6.50% | |||||||||
| Base Rate | 2.59% | |||||||||
| Revolving Period (Y/N) | N | |
| Accumulation Period (Y/N) | Y | |
| Early Amortization (Y/N) | N | |
| Controlled Accumulation Period | 12.00 | |
| Bank One, Delaware, National Association (Formerly FUSA) is Servicer | Y | |
| Paydown Excess CIA (Y/N) | Y | |
| Paydown Excess Class D (Y/N) | Y | |
| Controlled Accumulation Amount | 53,416,666.67 | |
| Controlled Deposit Amount | 53,416,666.67 | |
| Ending Controlled Deposit Amount Shortfall | 0.00 |
| Beginning Principal Funding Account Balance | 320,500,000.02 | |
| Principal Funding Account Deposit | 53,416,666.67 | |
| Principal Funding Account Withdrawal | 0.00 | |
| Ending Principal Funding Account Balance | 373,916,666.69 | |
Principal Funding Investment Proceeds | 356,111.11 | |
| Yield Supplement Account Beginning Balance | 0.00 | |
| Yield Supplement Account Release | 0.00 | |
| Yield Supplement Account Ending Balance | 0.00 | |
| Reserve Account Beginning Balance | 3,205,000.00 | |
| Required Reserve Account Amount | 3,205,000.00 | |
| Available Reserve Account Amount | 3,205,000.00 | |
| Interest Retained in Reserve Account | 0.00 | |
| Reserve Draw Amount pursuant to Supplement 4.12(c) | 57,868.06 | |
| Funds Deposited into Reserve Account (out of Excess Spread) | 57,868.06 | |
| Ending Reserve Account Balance | 3,205,000.00 | |
| Covered Amount | 413,979.17 |
| C. | Certificate Balances and Distributions |
Class A | Class B | CIA | Class D | Total | ||||||
| Beginning Balance | 528,000,000.00 | 113,000,000.00 | 13,890,105.62 | 42,000,000.00 | 696,890,105.62 | |||||
| Interest Distributions | 682,000.00 | 167,616.67 | 27,722.34 | 0.00 | 877,339.01 | |||||
| Cumulative PFA Deposits | 373,916,666.69 | 0.00 | 0.00 | 0.00 | 373,916,666.69 | |||||
| Principal Distributions | 0.00 | 0.00 | 9,058,956.98 | 0.00 | 9,058,956.98 | |||||
| Total Distributions | 682,000.00 | 167,616.67 | 9,086,679.32 | 0.00 | 9,936,295.99 | |||||
| Ending Certificate Balance | 528,000,000.00 | 113,000,000.00 | 4,831,148.65 | 42,000,000.00 | 687,831,148.65 |
| 1 Total amount of the distribution: | 1.2917 | |
| 2 Amount of the distribution in respect of Class A Monthly Interest: | 1.2917 | |
| 3 Amount of the distribution in respect of Class A Outstanding Monthly Interest: | 0.00 | |
| 4 Amount of the distribution in respect of Class A Additional Interest: | 0.00 | |
| 5 Amount of the distribution in respect of Class A Principal: | 0.00 |
| 1 Total amount of Class A Investor Charge-Offs: | 0.00 | |
| 2 Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount: | 0.00 | |
| 3 Total amount reimbursed in respect of Class A Investor Charge-Offs: | 0.00 | |
| 4 Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount: | 0.00 | |
| 5 The amount, if any, by which the outstanding principal balance of the Class A Certificate exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date: | 0.00 |
| 1 The total amount of the distribution: | 1.4833 | |
| 2 Amount of the distribution in respect of Class B monthly interest: | 1.4833 | |
| 3 Amount of the distribution in respect of Class B outstanding monthly interest: | 0.00 | |
| 4 Amount of the distribution in respect of Class B additional interest: | 0.00 | |
| 5 Amount of the distribution in respect of Class B principal: | 0.00 |
| 1 The amount of reductions in Class B Invested Amount | 0.00 | |
| 2 The amount of reductions in the Class B Invested Amount set forth in paragraph 1 above, per $1,000 original certificate principal amount: | 0.00 | |
| 3 The total amount reimbursed in respect of such reductions in the Class B Invested Amount: | 0.00 | |
| 4 The total amount set forth in paragraph 3 above, per $1,000 original certificate principal amount: | 0.00 | |
5 The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date: | 0.00 |
| H. | Information regarding distributions on the Distribution Date to the Collateral Interest Holder. |
| 1 Total amount distributed to the Collateral Interest Holder: | 9,086,679.32 | |
| 2 Amount distributed in respect of Collateral Monthly Interest: | 27,722.34 | |
| 3 Amount distributed in respect of Collateral Additional Interest: | 0.00 | |
| 4 The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount: | 9,058,956.98 |
| I. | Amount of reductions in Collateral Invested Amount. |
| 1 The amount of reductions in the Collateral Invested Amount. | 0.00 | |
| 2 The total amount reimbursed in respect of such reductions in the Collateral Invested Amount | 0.00 |
| J. | Finance Charge Shortfall Amount/Reallocated Finance Charge Collections |
| 1 Finance Charge Collections Allocated to Series 1998-3 (incl. YSA, Res Draw & Int and PFA Proceeds) | 7,215,652.39 | |
| 2 Full amount required to be paid pursuant to sections 4.5 and 4.7(excl. Spread Acct.) | 4,953,763.93 | |
| 3 Spread Account Requirement per Loan Agreement | 0.00 | |
| 4 Finance Charge Shortfall | 0.00 | |
| 5 Available for Other Excess Allocation Series | 2,261,888.46 |
| K. | Application of Reallocated Investor Finance Charge Collections. |
Available | Due | Paid | Shortfall | |||||
| 1 Allocated Class A Available Funds | 4,043,765.60 | |||||||
| a Reserve Account Release | 57,868.06 | |||||||
| b PFA Investment Earnings | 356,111.11 | |||||||
| c Class A Available Funds | 4,457,744.77 | |||||||
| 2 Class A Available Funds | 4,457,744.77 | |||||||
| a Class A Monthly Interest | 682,000.00 | 682,000.00 | 0.00 | |||||
| b Class A Servicing Fee | 372,955.62 | 372,955.62 | 0.00 | |||||
| c Class A Investor Default Amount | 2,016,177.39 | 2,016,177.39 | 0.00 | |||||
| d Class A Excess | 1,386,611.76 | |||||||
| 3 Class B Available Funds | 1,751,308.26 | |||||||
| a Class B Monthly Interest | 167,616.67 | 167,616.67 | 0.00 | |||||
| b Class B Servicing Fee | 161,522.78 | 161,522.78 | 0.00 | |||||
| c Class B Excess | 1,422,168.81 | |||||||
| 4 Collateral Available Funds | 355,670.63 | |||||||
| a Collateral Servicing Fee | 32,803.42 | 32,803.42 | 0.00 | |||||
| b Collateral Excess | 322,867.21 | |||||||
| 5 Class D Available Funds | 650,928.73 | |||||||
| a Class D Servicing Fee | 60,035.02 | 60,035.02 | 0.00 | |||||
| b Class D Excess | 590,893.71 | |||||||
| 6 Total Excess Spread | 3,722,541.49 |
Available | Due | Paid | Shortfall | |||||
| 1 Available Excess Spread | 3,722,541.49 | |||||||
| 2 Excess Fin Charge Coll from Other Series | 0.00 | |||||||
| 3 Available Funds | 3,722,541.49 | |||||||
| 4 Class A Required Amount | ||||||||
| a Interest | 0.00 | 0.00 | 0.00 | |||||
| b Servicing Fee | 0.00 | 0.00 | 0.00 | |||||
| c Defaults | 0.00 | 0.00 | 0.00 | |||||
| 5 Class A Charge Offs not Previously Reimbursed | 0.00 | 0.00 | 0.00 | |||||
| 6a Class B Required Amount in accordance with 4.5(b)(i)(ii) | ||||||||
| a Interest | 0.00 | 0.00 | 0.00 | |||||
| b Servicing Fee | 0.00 | 0.00 | 0.00 | |||||
| 6b Class B Default Amount | 873,183.18 | 873,183.18 | 0.00 | |||||
| 7 Reductions in Class B not previously reimbursed | 0.00 | 0.00 | 0.00 | |||||
| 8 Monthly Servicing Fee Shortfalls | 0.00 | 0.00 | 0.00 | |||||
| 9 Collateral Monthly Interest | 27,722.34 | 27,722.34 | 0.00 | |||||
| 10 Collateral Default Amount | 177,333.49 | 177,333.49 | 0.00 | |||||
| 11 Reductions in CIA not previously reimbursed | 0.00 | 0.00 | 0.00 | |||||
| 12 Reserve Account Deposit | 57,868.06 | 57,868.06 | 0.00 | |||||
| 13 Class D Monthly Interest | 0.00 | 0.00 | 0.00 | |||||
| 14 Class D Default Amount | 324,545.96 | 324,545.96 | 0.00 | |||||
| 15 Reductions in Class D not previously reimbursed | 0.00 | 0.00 | 0.00 | |||||
| 16 Other CIA Amounts Owed | 0.00 | 0.00 | 0.00 | |||||
| 17 Excess Fin Coll for Other Series | 0.00 | 0.00 | 0.00 | |||||
| 18 Excess Spread (after reallocation) | 2,261,888.46 | |||||||
| 19 Writedowns |
Total | Redirected Principal | Charge-Offs | ||||
| a Class A | 0.00 | 0.00 | 0.00 | |||
| in respect of A | 0.00 | |||||
| b Class B | 0.00 | 0.00 | 0.00 | |||
| in respect of A | 0.00 | |||||
| in respect of B | 0.00 | |||||
| c CIA | 0.00 | 0.00 | 0.00 | |||
| in respect of A | 0.00 | |||||
| in respect of B | 0.00 | |||||
| in respect of CIA | 0.00 | |||||
| d Class D | 0.00 | 0.00 | 0.00 | |||
| in respect of A | 0.00 | |||||
| in respect of B | 0.00 | |||||
| in respect of CIA | 0.00 | |||||
| in respect of D | 0.00 |
Available | Due | Paid | Shortfall | |||||
| 1 Redirected Principal Collections | 19,005,861.61 | |||||||
| 2 Class A Required Amount | ||||||||
| a Interest | 0.00 | 0.00 | 0.00 | |||||
| b Servicing Fee | 0.00 | 0.00 | 0.00 | |||||
| c Defaults | 0.00 | 0.00 | 0.00 | |||||
| 3 Class B Required Amount | ||||||||
| a Interest | 0.00 | 0.00 | 0.00 | |||||
| b Servicing Fee | 0.00 | 0.00 | 0.00 | |||||
| c Defaults | 0.00 | 0.00 | 0.00 | |||||
| 4 Collateral Required Amount | ||||||||
| a Interest | 0.00 | 0.00 | 0.00 | |||||
| b Servicing Fee | 0.00 | 0.00 | 0.00 | |||||
| c Defaults | 0.00 | 0.00 | 0.00 | |||||
| 5 Available for Available Principal Collections | 19,005,861.61 |
| 1 Principal Allocation % of the Series 1998-3 Allocable Principal Collections | 64,208,991.93 | |
| 2 Other amounts treated as Principal Collections per Section 4.5 & 4.7 | 3,391,240.03 | |
| 3 Full amount required to be distributed pursuant to Section 4.5 | 62,475,623.65 | |
| 4 Principal required to fund the Required Amount per Section 4.8 | — | |
| 5 Principal Shortfall | — | |
| 6 Available for Shared Principal Collections | 5,124,608.30 |
| 1 Available Principal Collections (per the definition thereof) | 67,600,231.96 | |
| 2 Principal Collections allocation to other Principal Sharing Series | 0.00 | |
| 3 Available Principal Collections (after Sharing) | 67,600,231.96 |
| 1 Available Principal Collections | 0.00 | |
| 2 Collateral Invested Amount | 0.00 | |
| 3 Required Collateral Invested Amount | 0.00 | |
| 4 Amount used to pay Excess CIA | 0.00 | |
| 5 Available Principal Collections | 0.00 | |
| 6 Class D | 0.00 | |
| 7 Required Class D | 0.00 | |
| 8 Amount used to pay Excess Class D | 0.00 |
| 1 Available Principal Collections | 67,600,231.96 | |
| 2 Controlled Deposit Amount | 53,416,666.67 | |
| 3 Class A Adjusted Invested Amount + Class B Adjusted Invested Amount | 320,499,999.98 | |
| 4 Principal Funding Account Deposit (minimum of items 1, 2 & 3 above) | 53,416,666.67 | |
| 5 Required Enhancement Amount | 46,831,148.65 | |
| 6 Remaining Principal Collections Available | 14,183,565.29 | |
| 7 Remaining Collateral Invested Amount | 13,890,105.62 | |
| 8 Collateral Monthly Principal (Principal paid to CIA) (min of items a & b & 7) | 9,058,956.98 | |
| a Excess of CIA and Class D over Required Enhancement Amt | 9,058,956.98 | |
| b Excess of Available Principal Collections over PFA deposit | 14,183,565.29 | |
| 9 Remaining Principal Collections Available | 5,124,608.26 | |
| 10 Remaining Class D Amount | 42,000,000.00 | |
| 11 Principal Paid to Class D (limited by Required Enhancement Amount) | 0.00 |
| 1 Available Principal Collections | 0.00 | |
| a Remaining Class A Adjusted Invested Amount | 0.00 | |
| b Principal Paid to Class A—Current Period’s Collections | 0.00 | |
| c Principal Paid to Class A—PFA per 5.1 | 0.00 | |
| d Total Principal Paid to Class A | 0.00 | |
| 2 Remaining Principal Collections Available | 0.00 | |
| a Remaining Class B Adjusted Invested Amount | 0.00 | |
| b Principal Paid to Class B—Current Period’s Collections | 0.00 | |
| c Principal Paid to Class B—PFA per 5.1 | 0.00 | |
| d Total Principal Paid to Class B | 0.00 | |
| 3 Remaining Principal Collections Available | 0.00 | |
| a Remaining Collateral Invested Amount | 0.00 | |
| b Principal Paid to CIA | 0.00 | |
| 4 Remaining Principal Collections Available | 0.00 | |
| a Remaining Class D Amount | 0.00 | |
| b Principal Paid to Class D | 0.00 |
| 1 Base Rate | ||||||
| a Current Monthly Period | 2.59 | % | ||||
| b Prior Monthly Period | 2.73 | % | ||||
| c Second Prior Monthly Period | 3.30 | % | ||||
| Three Month Average Base Rate | 2.87 | % | ||||
| 2 Series Adjusted Portfolio Yield | ||||||
| a Current Monthly Period | 6.50 | % | ||||
| b Prior Monthly Period | 6.09 | % | ||||
| c Second Prior Monthly Period | 8.33 | % | ||||
| Three Month Average Series Adjusted Portfolio Yield | 6.97 | % | ||||
| 3 Excess Spread | ||||||
| a Current Monthly Period | 3.91 | % | ||||
| b Prior Monthly Period | 3.36 | % | ||||
| c Second Prior Monthly Period | 5.03 | % | ||||
| Three Month Average Excess Spread | 4.10 | % |