Bank One De Na As Serv On Behalf Part Credit Card Mas TR Inactive
Filed: 15 Aug 02, 12:00am
| A. | Investor/Transferor Allocations |
| B. | Monthly Funding Requirements |
| Last Payment Date | 15-Jul-02 | |||||||||
| Current Payment Date | 15-Aug-02 | |||||||||
| Actual / 360 Days | 31 | 31 | 31 | 31 | ||||||
| 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 | 1.96875% | 2.19875% | 2.81375% | 0.00000% | ||||||
| Secured Loan Spread Rate (Applies to CIA only) | 2.56375% | |||||||||
| 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 | 51,940,320.83 | |||||||||
| Initial Invested Amount + Req Transf Amount | 801,940,320.83 | |||||||||
| Beginning Outstanding Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 59,004,583.33 | 42,000,000.00 | 742,004,583.33 | |||||
| Ending Outstanding Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 50,099,831.25 | 42,000,000.00 | 733,099,831.25 | |||||
| Beginning Invested Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 59,004,583.33 | 42,000,000.00 | 742,004,583.33 | |||||
| Ending Invested Amount (Distribution) | 528,000,000.00 | 113,000,000.00 | 50,099,831.25 | 42,000,000.00 | 733,099,831.25 | |||||
| Beginning Adjusted Invested Amount (Distribution) | 474,583,333.33 | 113,000,000.00 | 59,004,583.33 | 42,000,000.00 | 688,587,916.67 | |||||
| Ending Adjusted Invested Amount (Distribution) | 421,166,666.66 | 113,000,000.00 | 50,099,831.25 | 42,000,000.00 | 626,266,497.91 | |||||
| Beginning Invested Amount (Month) | 528,000,000.00 | 113,000,000.00 | 67,000,000.00 | 42,000,000.00 | 750,000,000.00 | |||||
| Ending Invested Amount (Month) | 528,000,000.00 | 113,000,000.00 | 59,004,583.33 | 42,000,000.00 | 742,004,583.33 | |||||
| Beginning Adjusted Invested Amount (Month) | 528,000,000.00 | 113,000,000.00 | 67,000,000.00 | 42,000,000.00 | 750,000,000.00 | |||||
| Ending Adjusted Invested Amount (Month) | 474,583,333.33 | 113,000,000.00 | 59,004,583.33 | 42,000,000.00 | 688,587,916.67 | |||||
| Principal Allocation Percentage | 70.40% | 15.07% | 8.93% | 5.60% | 100.00% | |||||
| Floating Allocation Percentage | 70.40% | 15.07% | 8.93% | 5.60% | 100.00% | |||||
| Principal Collections | 42,618,081.26 | 9,120,915.12 | 5,407,976.22 | 3,390,074.65 | 60,537,047.25 | |||||
| Redirected Finance Charge Collections | 7,923,197.69 | 1,695,684.35 | 1,005,405.77 | 630,254.36 | 11,254,542.17 | |||||
| Reserve Account Draw | 7,259.48 | 0.00 | 0.00 | 0.00 | 7,259.48 | |||||
| PFA Proceeds (Class A Available Funds) | 83,240.97 | 0.00 | 0.00 | 0.00 | 83,240.97 | |||||
| Redirected Finance Charge plus PFA Proceeds | 8,013,698.13 | 1,695,684.35 | 1,005,405.77 | 630,254.36 | 11,345,042.62 | |||||
| Monthly Interest | 895,125.00 | 213,950.59 | 142,965.24 | 0.00 | 1,252,040.83 | |||||
| Investor Default Amount (Net) | 3,793,293.95 | 811,822.38 | 481,346.01 | 301,739.29 | 5,388,201.64 | |||||
| Monthly Servicing Fee | 807,943.16 | 172,912.08 | 102,523.09 | 64,268.21 | 1,147,646.53 | |||||
| Total Due | 5,496,362.11 | 1,198,685.05 | 726,834.34 | 366,007.50 | 7,787,889.00 | |||||
| Redirected Investor Fin Charge Coll + YSA Draw + PFA Inv Proceeds + Reserve Fund Releases | 11,345,042.62 | |||||||||
| Series Adjusted Portfolio Yield | 9.53% | |||||||||
| Base Rate | 3.82% | |||||||||
| Series Parameters | ||||||||||
| Revolving Period (Y/N) | N | |||||||||
| Accumulation Period (Y/N) | Y | |||||||||
| Early Amortization (Y/N) | N | |||||||||
| Controlled Accumulation Period | 12.00 | |||||||||
| 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 | |||||||||
| Funding Accounts | ||||||||||
| Beginning Principal Funding Account Balance | 53,416,666.67 | |||||||||
| Principal Funding Account Deposit | 53,416,666.67 | |||||||||
| Principal Funding Account Withdrawal | 0.00 | |||||||||
| Ending Principal Funding Account Balance | 106,833,333.34 | |||||||||
| Principal Funding Investment Proceeds | 83,240.97 | |||||||||
| 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) | 7,259.48 | |||||||||
| Funds Deposited into Reserve Account (out of Excess Spread) | 7,259.48 | |||||||||
| Ending Reserve Account Balance | 3,205,000.00 | |||||||||
| Covered Amount | 90,557.94 | |||||||||
| C. Certificate Balances and Distributions | ||||||||||
Class A | Class B | CIA | Class D | Total | ||||||
| Beginning Balance | 528,000,000.00 | 113,000,000.00 | 59,004,583.33 | 42,000,000.00 | 742,004,583.33 | |||||
| Interest Distributions | 895,125.00 | 213,950.59 | 142,965.24 | 0.00 | 1,252,040.83 | |||||
| Cumulative PFA Deposits | 106,833,333.34 | 0.00 | 0.00 | 0.00 | 106,833,333.34 | |||||
| Principal Distributions | 0.00 | 0.00 | 8,904,752.08 | 0.00 | 8,904,752.08 | |||||
| Total Distributions | 895,125.00 | 213,950.59 | 9,047,717.32 | 0.00 | 10,156,792.91 | |||||
| Ending Certificate Balance | 528,000,000.00 | 113,000,000.00 | 50,099,831.25 | 42,000,000.00 | 733,099,831.25 | |||||
| D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount: | ||
| 1 Total amount of the distribution: | 1.6953 | |
| 2 Amount of the distribution in respect of Class A Monthly Interest: | 1.6953 | |
| 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 | |
| E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs on such Distribution Date. | ||
| 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 | |
| F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount. | ||
| 1 The total amount of the distribution: | 1.8934 | |
| 2 Amount of the distribution in respect of Class B monthly interest: | 1.8934 | |
| 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 | |
| G. Amount of reductions in Class B Invested Amount on such Distribution Date. | ||
| 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: | 9,047,717.32 | |
| 2 Amount distributed in respect of Collateral Monthly Interest: | 142,965.24 | |
| 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: | 8,904,752.08 |
| 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) | 11,345,042.62 | |
| 2 Full amount required to be paid pursuant to sections 4.5 and 4.7 (excl. Spread Acct.) | 7,795,148.47 | |
| 3 Spread Account Requirement per Loan Agreement | -6,264.50 | |
| 4 Finance Charge Shortfall | 0.00 | |
| 5 Available for Other Excess Allocation Series | 3,556,158.65 |
| K. | Application of Reallocated Investor Finance Charge Collections. |
Available | Due | Paid | Shortfall | |||||||||||
| 1 Allocated Class A Available Funds | 7,923,197.69 | |||||||||||||
| a Reserve Account Release | 7,259.48 | |||||||||||||
| b PFA Investment Earnings | 83,240.97 | |||||||||||||
| c Class A Available Funds | 8,013,698.13 | |||||||||||||
| 2 Class A Available Funds | 8,013,698.13 | |||||||||||||
| a Class A Monthly Interest | 895,125.00 | 895,125.00 | 0.00 | |||||||||||
| b Class A Servicing Fee | 807,943.16 | 807,943.16 | 0.00 | |||||||||||
| c Class A Investor Default Amount | 3,793,293.95 | 3,793,293.95 | 0.00 | |||||||||||
| d Class A Excess | 2,517,336.02 | |||||||||||||
| 3 Class B Available Funds | 1,695,684.35 | |||||||||||||
| a Class B Monthly Interest | 213,950.59 | 213,950.59 | 0.00 | |||||||||||
| b Class B Servicing Fee | 172,912.08 | 172,912.08 | 0.00 | |||||||||||
| c Class B Excess | 1,308,821.69 | |||||||||||||
| 4 Collateral Available Funds | 1,005,405.77 | |||||||||||||
| a Collateral Servicing Fee | 102,523.09 | 102,523.09 | 0.00 | |||||||||||
| b Collateral Excess | 902,882.68 | |||||||||||||
| 5 Class D Available Funds | 630,254.36 | |||||||||||||
| a Class D Servicing Fee | 64,268.21 | 64,268.21 | 0.00 | |||||||||||
| b Class D Excess | 565,986.16 | |||||||||||||
| 6 Total Excess Spread | 5,295,026.54 |
| L. Application of Excess Spread and Excess Finance Charge Collections | ||||||||
Available | Due | Paid | Shortfall | |||||
| 1 Available Excess Spread | 5,295,026.54 | |||||||
| 2 Excess Fin Charge Coll from Other Series | 0.00 | |||||||
| 3 Available Funds | 5,295,026.54 | |||||||
| 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 | 811,822.38 | 811,822.38 | 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 | 142,965.24 | 142,965.24 | 0.00 | |||||
| 10 Collateral Default Amount | 481,346.01 | 481,346.01 | 0.00 | |||||
| 11 Reductions in CIA not previously reimbursed | 0.00 | 0.00 | 0.00 | |||||
| 12 Reserve Account Deposit | 7,259.48 | 7,259.48 | 0.00 | |||||
| 13 Class D Monthly Interest | 0.00 | 0.00 | 0.00 | |||||
| 14 Class D Default Amount | 301,739.29 | 301,739.29 | 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) | 3,549,894.14 | |||||||
| 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 |
| M. | Application of Redirected Principal Collections |
Available | Due | Paid | Shortfall | |||||
| 1 Redirected Principal Collections | 17,918,965.98 | |||||||
| 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 | 17,918,965.98 |
| N. | Principal Shortfall Amount/Shared Principal Collections |
| 1 Principal Allocation % of the Series 1998-3 Allocable Principal Collections | 60,537,047.25 | |||||||
| 2 Other amounts treated as Principal Collections per Section 4.5 & 4.7 | 5,388,201.64 | |||||||
| 3 Full amount required to be distributed pursuant to Section 4.5 | 62,321,418.75 | |||||||
| 4 Principal required to fund the Required Amount per Section 4.8 | — | |||||||
| 5 Principal Shortfall | — | |||||||
| 6 Available for Shared Principal Collections | 3,603,830.14 |
| O. | Available Principal Collections |
| 1 Available Principal Collections (per the definition thereof) | 65,925,248.89 | |
| 2 Principal Collections allocation to other Principal Sharing Series | 0.00 | |
| 3 Available Principal Collections (after Sharing) | 65,925,248.89 |
| P. | Application of Principal Collections during Revolving Period |
| 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 |
| Q. | Application of Principal Collections during the Accumulation Period |
| 1 Available Principal Collections | 65,925,248.89 | |
| 2 Controlled Deposit Amount | 53,416,666.67 | |
| 3 Class A Adjusted Invested Amount + Class B Adjusted Invested Amount | 587,583,333.33 | |
| 4 Principal Funding Account Deposit (minimum of items 1, 2 & 3 above) | 53,416,666.67 | |
| 5 Required Enhancement Amount | 92,099,831.25 | |
| 6 Remaining Principal Collections Available | 12,508,582.22 | |
| 7 Remaining Collateral Invested Amount | 59,004,583.33 | |
| 8 Collateral Monthly Principal (Principal paid to CIA) (min of items a & b & 7) | 8,904,752.08 | |
| a Excess of CIA and Class D over Required Enhancement | 8,904,752.08 | |
| b Excess of Available Principal Collections over PFA deposit | 12,508,582.22 | |
| 9 Remaining Principal Collections Available | 3,603,830.14 | |
| 10 Remaining Class D Amount | 42,000,000.00 | |
| 11 Principal Paid to Class D (limited by Required Enhancement Amount) | 0.00 |
| R. | Application of Principal Collections during Early Amortization Period |
| 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 |
| S. | Yield and Base Rate |
| 1 Base Rate | |||
| a Current Monthly Period | 3.82 | % | |
| b Prior Monthly Period | 3.97 | % | |
| c Second Prior Monthly Period | 3.97 | % | |
| Three Month Average Base Rate | 3.92 | % | |
| 2 Series Adjusted Portfolio Yield | |||
| a Current Monthly Period | 9.53 | % | |
| b Prior Monthly Period | 8.61 | % | |
| c Second Prior Monthly Period | 8.94 | % | |
| Three Month Average Series Adjusted Portfolio Yield | 9.03 | % | |
| 3 Excess Spread | |||
| a Current Monthly Period | 5.71 | % | |
| b Prior Monthly Period | 4.64 | % | |
| c Second Prior Monthly Period | 4.97 | % | |
| Three Month Average Excess Spread | 5.11 | % |