Exhibit 99.23
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 96-3 | | COMT 98-1 | |
Deal Size | | | | $500MM | | $591MM | |
Expected Maturity(Class A): | | | | 1/15/2004 | | 4/15/2008 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 1.54 | % | 6.03 | % |
| | SVC Fees | | 1.50 | % | 1.50 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 10.73 | % | 6.24 | % |
| | Feb-03 | | 10.43 | % | 6.16 | % |
| | Jan-03 | | 10.14 | % | 5.41 | % |
3-Mo Avg Excess Spread | | | | 10.43 | % | 5.93 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 98-4 | | COMT 99-1 | |
Deal Size | | | | $750MM | | $625MM | |
Expected Maturity(Class A): | | | | 11/15/2003 | | 05/15/2004 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 4.91 | % | 2.05 | % |
| | SVC Fees | | 1.50 | % | 1.50 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 7.36 | % | 10.22 | % |
| | Feb-03 | | 7.29 | % | 9.87 | % |
| | Jan-03 | | 6.49 | % | 9.74 | % |
3-Mo Avg Excess Spread | | | | 7.04 | % | 9.94 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
51
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 99-3 | | COMT 00-2* | |
Deal Size | | | | $500MM | | $750MM | |
Expected Maturity(Class A): | | | | 7/17/2006 | | 06/15/2005 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 2.22 | % | 7.26 | % |
| | SVC Fees | | 1.50 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 10.05 | % | 4.50 | % |
| | Feb-03 | | 9.70 | % | 4.42 | % |
| | Jan-03 | | 9.58 | % | 3.70 | % |
3-Mo Avg Excess Spread | | | | 9.77 | % | 4.21 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 00-3 | | COMT 00-4 | |
Deal Size | | | | $1000MM | | $1200MM | |
Expected Maturity(Class A): | | | | 08/15/2007 | | 10/17/2005 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 2.24 | % | 5.83 | % |
| | SVC Fees | | 2.00 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 9.53 | % | 5.94 | % |
| | Feb-03 | | 9.18 | % | 5.86 | % |
| | Jan-03 | | 9.07 | % | 5.06 | % |
3-Mo Avg Excess Spread | | | | 9.26 | % | 5.62 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
52
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 00-5 | | COMT 01-1 | |
Deal Size | | | | $1250MM | | $1200MM | |
Expected Maturity(Class A): | | | | 10/15/2003 | | 2/15/2008 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 5.74 | % | 1.66 | % |
| | SVC Fees | | 2.00 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 6.03 | % | 10.10 | % |
| | Feb-03 | | 5.95 | % | 9.80 | % |
| | Jan-03 | | 5.15 | % | 9.51 | % |
3-Mo Avg Excess Spread | | | | 5.71 | % | 9.81 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 01-2 | | COMT 01-3 | |
Deal Size | | | | $1200MM | | $750MM | |
Expected Maturity(Class A): | | | | 3/15/2006 | | 5/15/2006 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 4.89 | % | 4.91 | % |
| | SVC Fees | | 2.00 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 6.88 | % | 6.85 | % |
| | Feb-03 | | 6.81 | % | 6.78 | % |
| | Jan-03 | | 5.99 | % | 5.98 | % |
3-Mo Avg Excess Spread | | | | 6.56 | % | 6.54 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
53
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 01-4 | | COMT 01-5 | |
Deal Size | | | | $1000MM | | $1000MM | |
Expected Maturity(Class A): | | | | 6/15/2004 | | 8/15/2006 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 1.69 | % | 4.78 | % |
| | SVC Fees | | 2.00 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 10.08 | % | 6.98 | % |
| | Feb-03 | | 9.83 | % | 6.91 | % |
| | Jan-03 | | 9.56 | % | 6.91 | % |
3-Mo Avg Excess Spread | | | | 9.82 | % | 6.93 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 01-6 | | COMT 01-7 | |
Deal Size | | | | $1300MM | | $1000MM | |
Expected Maturity(Class A): | | | | 8/15/2008 | | 10/15/2004 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 2.05 | % | 3.56 | % |
| | SVC Fees | | 2.00 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 9.72 | % | 8.20 | % |
| | Feb-03 | | 9.38 | % | 8.13 | % |
| | Jan-03 | | 9.23 | % | 7.33 | % |
3-Mo Avg Excess Spread | | | | 9.44 | % | 7.89 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
54
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 01-8 | | COMT 02-1 | |
Deal Size | | | | $1000MM | | $985MM | |
Expected Maturity(Class A): | | | | 10/16/2006 | | 1/15/2009 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 4.21 | % | 1.69 | % |
| | SVC Fees | | 2.00 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 7.55 | % | 10.07 | % |
| | Feb-03 | | 7.48 | % | 9.77 | % |
| | Jan-03 | | 6.68 | % | 9.49 | % |
3-Mo Avg Excess Spread | | | | 7.24 | % | 9.78 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 02-2 | | COMT 02-3 | |
Deal Size | | | | $620MM | | $1350MM | |
Expected Maturity(Class A): | | | | 3/15/2007 | | 4/15/2005 | |
| | | | | | | |
Portfolio Yield | | | | 18.84 | % | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 1.63 | % | 1.87 | % |
| | SVC Fees | | 2.00 | % | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % | 5.07 | % |
| | | | | | | |
Excess Spread: | | Mar-03 | | 10.14 | % | 9.89 | % |
| | Feb-03 | | 9.84 | % | 9.57 | % |
| | Jan-03 | | 9.55 | % | 9.38 | % |
3-Mo Avg Excess Spread | | | | 9.84 | % | 9.61 | % |
| | | | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % | 1.49 | % |
| | 60 to 89 days | | 1.06 | % | 1.06 | % |
| | 90+ days | | 2.58 | % | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % | 17.78 | % |
55
>CAPITAL ONE MASTER TRUST
>Trust Excess Spread Analysis
>March-03
Card Trust | | | | COMT 02-4 | |
Deal Size | | | | $750MM | |
Expected Maturity(Class A): | | | | 5/15/2007 | |
| | | | | |
Portfolio Yield | | | | 18.84 | % |
LESS: | | (Wt Avg) Coupon | | 4.49 | % |
| | SVC Fees | | 2.00 | % |
| | Net Charge-Offs | | 5.07 | % |
| | | | | |
Excess Spread: | | Mar-03 | | 7.28 | % |
| | Feb-03 | | 7.21 | % |
| | Jan-03 | | 6.40 | % |
3-Mo Avg Excess Spread | | | | 6.97 | % |
| | | | | |
Delinquents: | | 30 to 59 days | | 1.49 | % |
| | 60 to 89 days | | 1.06 | % |
| | 90+ days | | 2.58 | % |
Gross Monthly Payment Rate | | | | 17.78 | % |
>CAPITAL ONE MASTER TRUST
(**) This material is for informational purposes only and is not an offer of securities for sale in the United States. These securities will not be and have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Capital One Master Trust performance statistics are also available at the Capital One web site: http://www.capitalone.com/about/invest/financials/abs.shtml
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