Bank One De Na As Serv On Behalf Part Credit Card Mas TR Inactive
Filed: 15 Aug 02, 12:00am
| A. Trust Level Activity | |||
| Number of Days in Monthly Period | 31 | ||
| Beginning Principal Receivables Balance | 1,406,943,421.65 | ||
| Beginning Special Funding Account Balance | 0.00 | ||
| Beginning Principal Receivables + SFA Balance | 1,406,943,421.65 | ||
| Beginning Finance Charge Receivables | 41,436,313.95 | ||
| Beginning Total Receivables | 1,448,379,735.60 | ||
| Special Funding Account Earnings | 0.00 | ||
| Finance Charge Collections | 17,629,080.94 | ||
| Interest/Fee Reversals (Wachovia accounts only) | 0.00 | ||
| Interchange Collections | 3,474,485.41 | ||
| Collection Account Investment Proceeds | 0.00 | ||
| Recoveries treated as Finance Charge Collections | 0.00 | ||
| Total Finance Charge Receivables Collections | 21,103,566.35 | ||
| Principal Receivables Collections | 112,779,331.76 | ||
| Recoveries treated as Principal Collections | 783,602.09 | ||
| Total Principal Receivables Collections | 113,562,933.85 | ||
| Monthly Payment Rate (Principal plus Interest divided by Beg. Total Receivables) | 9.00 | % | |
| Defaulted Amount (Net of Recoveries) | 10,107,859.80 | ||
| Annualized Default Rate | 8.62 | % | |
| Trust Gross Yield | 18.00 | % | |
| 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 | 1,401,784,790.56 | ||
| Ending Special Funding Account (SFA) Balance | 0.00 | ||
| Ending Principal Receivables + SFA Balance | 1,401,784,790.56 | ||
| Ending Finance Charge Receivables | 40,855,876.36 | ||
| Ending Total Receivables | 1,442,640,666.92 | ||
| Required Minimum Principal Balance (as of month end) | 696,583,333.33 |
| 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) | 51,940,320.83 | 51,940,320.83 | ||||
| Initial Invested Amount + Req Transf Amount | 801,940,320.83 | 801,940,320.83 | ||||
| Series Allocation Percentage | 100.00 | % | 100.00 | % | ||
| Series Allocable Finance Charge Collections | 21,103,566.35 | 21,103,566.35 | ||||
| Series Allocable Principal Collections | 113,562,933.85 | 113,562,933.85 | ||||
| Series Allocable Defaulted Amounts | 10,107,859.80 | 10,107,859.80 | ||||
| Series Allocable Servicing Fee | 1,147,646.53 | 1,147,646.53 | ||||
| In Revolving Period? | N | |||||
| Available for Principal Sharing Series | 3,603,830.14 | 3,603,830.14 | ||||
| Principal Shortfall | 0.00 | 0.00 | ||||
| Allocation of Shared Principal Collections | 0.00 | 0.00 | ||||
| Available for Excess Allocation Series | 3,556,158.65 | 3,556,158.65 | ||||
| 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 | 46.69 | % | |
| Principal Allocation Percentage | 53.31 | % | |
| Principal Collections | 60,537,047.25 | ||
| Floating Allocation Percentage | 53.31 | % | |
| Class A Certificate Rate | 1.96875 | % | |
| Class B Certificate Rate | 2.19875 | % | |
| CIA Certificate Rate | 2.81375 | % | |
| CIA Secured Loan Spread Rate | 2.56375 | % | |
| Class D Certificate Rate | 0.00000 | % | |
| Class A Interest | 895,125.00 | ||
| Class B Interest | 213,950.59 | ||
| Collateral Monthly Interest | 142,965.24 | ||
| Class D Interest | 0.00 | ||
| Investor Monthly Interest | 1,252,040.83 | ||
| Investor Default Amount (Net of Recoveries) | 5,388,201.64 | ||
| Interchange Collections | 1,852,145.59 | ||
| 0.75% of Interchange | 430,367.45 | ||
| Servicer Interchange | 430,367.45 | ||
| Monthly Servicing Fee (Before Adjustments) | 1,147,646.53 | ||
| Interchange Adjustment | 0.00 | ||
| SFA Adjustment | 0.00 | ||
| Previous Period Adjustment | 0.00 | ||
| Total Monthly Servicing Fee (After all adjustments) | 1,147,646.53 |
| C. Calculation of Redirected Investor Finance Charge Collections (“Socialism”) | ||||
Group I | 1998-3 | |||
| Beginning Invested Amount (Month) | 750,000,000.00 | 750,000,000.00 | ||
| Finance Charge Collections | 11,249,688.17 | 11,249,688.17 | ||
| Reserve Account Interest | 4,854.00 | 4,854.00 | ||
| PFA Proceeds | 83,240.97 | 83,240.97 | ||
| Total Finance Charge Collections | 11,337,783.14 | 11,337,783.14 | ||
| Investor Monthly Interest | 1,252,040.83 | 1,252,040.83 | ||
| Investor Default Amount | 5,388,201.64 | 5,388,201.64 | ||
| Monthly Servicing Fee | 1,147,646.53 | 1,147,646.53 | ||
| Additional Amounts | 0.00 | 0.00 | ||
| Total Amount Due | 7,787,889.00 | 7,787,889.00 | ||
| Group Excess? | Y | |||
| Amount per 4.10(A) | 1,252,040.83 | |||
| Amount per 4.10(B) used in a | 5,388,201.64 | |||
| Amount per 4.10(C) shortfall scenario only | 1,147,646.53 | |||
| Amount per 4.10(D) | 0.00 | |||
| Redirected Finance Charge Collections | 11,337,783.14 | 11,337,783.14 | ||
| Amount of funds redistributed per 4.10 | 0.00 | |||
| Redirected Finance Charge Collections—PFA Proceeds (Class A available funds) | 11,254,542.17 |
| D. Trust Performance | |||||
| 30-59 Days Delinquent | 24,589,435.70 | 1.75 | % | ||
| 60-89 Days Delinquent | 16,087,048.98 | 1.15 | % | ||
| 90+ Days Delinquent | 30,908,868.86 | 2.21 | % | ||
| Total 30+ Days Delinquent | 71,585,353.54 | 5.11 | % |
| By: | /s/ MICHAEL J. GRUBB | |
Name: Michael J. Grubb Title: First Vice President |