Exhibit 20.23
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jun-03 |
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Card Trust |
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| COMT 96-3 | COMT 98-1 |
Deal Size |
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| $500MM | $591MM |
Expected Maturity(Class A): |
| 1/15/2004 | 4/15/2008 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 1.44% | 6.02% |
| SVC Fees |
| 1.50% | 1.50% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 10.98% | 6.40% |
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| May-03 | 10.66% | 6.00% |
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| Apr-03 | 9.68% | 5.15% |
3-Mo Avg Excess Spread |
| 10.44% | 5.85% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% | |
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| >CAPITAL ONE MASTER TRUST |
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| |
| >Trust Excess Spread Analysis |
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| |
| >Jun-03 |
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Card Trust |
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| COMT 98-4 | COMT 99-1 |
Deal Size |
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| $750MM | $625MM |
Expected Maturity(Class A): |
| 11/15/2003 | 05/15/2004 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 4.89% | 1.96% |
| SVC Fees |
| 1.50% | 1.50% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 7.53% | 10.46% |
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| May-03 | 7.09% | 10.22% |
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| Apr-03 | 6.25% | 9.19% |
3-Mo Avg Excess Spread |
| 6.96% | 9.96% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% |
51
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jun-03 |
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Card Trust |
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| COMT 99-3 | COMT 00-2 |
Deal Size |
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| $500MM | $750MM |
Expected Maturity(Class A): |
| 7/17/2006 | 06/15/2005 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 2.13% | 7.26% |
| SVC Fees |
| 1.50% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 10.29% | 4.66% |
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| May-03 | 10.06% | 4.28% |
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| Apr-03 | 9.03% | 3.42% |
3-Mo Avg Excess Spread |
| 9.80% | 4.12% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% | |
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| >CAPITAL ONE MASTER TRUST |
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| |
| >Trust Excess Spread Analysis |
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| >Jun-03 |
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Card Trust |
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| COMT 00-3 | COMT 00-4 |
Deal Size |
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| $1000MM | $1200MM |
Expected Maturity(Class A): |
| 08/15/2007 | 10/17/2005 | |
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Portfolio Yield |
|
| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 2.15% | 5.81% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 9.78% | 6.11% |
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| May-03 | 9.55% | 5.67% |
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| Apr-03 | 8.51% | 4.83% |
3-Mo Avg Excess Spread |
| 9.28% | 5.54% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% |
52
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jun-03 |
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Card Trust |
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| COMT 00-5 | COMT 01-1 |
Deal Size |
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| $1250MM | $1200MM |
Expected Maturity(Class A): |
| 10/15/2003 | 2/15/2008 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 5.72% | 1.56% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 6.20% | 10.36% |
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| May-03 | 5.76% | 10.04% |
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| Apr-03 | 4.92% | 9.05% |
3-Mo Avg Excess Spread |
| 5.63% | 9.82% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jun-03 |
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Card Trust |
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| COMT 01-2 | COMT 01-3 |
Deal Size |
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| $1200MM | $750MM |
Expected Maturity(Class A): |
| 3/15/2006 | 5/15/2006 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 4.87% | 4.90% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 7.05% | 7.03% |
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| May-03 | 6.61% | 6.59% |
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| Apr-03 | 5.77% | 5.75% |
3-Mo Avg Excess Spread |
| 6.48% | 6.46% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% |
53
| >CAPITAL ONE MASTER TRUST |
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| |
| >Trust Excess Spread Analysis |
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| >Jun-03 |
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Card Trust |
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| COMT 01-4 | COMT 01-5 |
Deal Size |
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| $1000MM | $1000MM |
Expected Maturity(Class A): |
| 6/15/2004 | 8/15/2006 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 1.67% | 4.77% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 10.25% | 7.15% |
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| May-03 | 10.04% | 6.72% |
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| Apr-03 | 9.05% | 5.88% |
3-Mo Avg Excess Spread |
| 9.78% | 6.58% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% | |
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| >CAPITAL ONE MASTER TRUST |
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| |
| >Trust Excess Spread Analysis |
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| |
| >Jun-03 |
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Card Trust |
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| COMT 01-6 | COMT 01-7 |
Deal Size |
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| $1300MM | $1000MM |
Expected Maturity(Class A): |
| 8/15/2008 | 10/15/2004 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 1.96% | 3.55% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 9.97% | 8.37% |
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| May-03 | 9.72% | 7.94% |
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| Apr-03 | 8.69% | 7.10% |
3-Mo Avg Excess Spread |
| 9.46% | 7.80% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% |
54
| >CAPITAL ONE MASTER TRUST |
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| |
| >Trust Excess Spread Analysis |
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| >Jun-03 |
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|
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Card Trust |
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| COMT 01-8 | COMT 02-1 |
Deal Size |
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| $1000MM | $985MM |
Expected Maturity(Class A): |
| 10/16/2006 | 1/15/2009 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 4.20% | 1.59% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 7.73% | 10.33% |
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| May-03 | 7.29% | 10.01% |
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| Apr-03 | 6.45% | 9.02% |
3-Mo Avg Excess Spread |
| 7.16% | 9.79% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jun-03 |
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Card Trust |
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| COMT 02-2 | COMT 02-3 |
Deal Size |
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| $620MM | $1350MM |
Expected Maturity(Class A): |
| 3/15/2007 | 4/15/2005 | |
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Portfolio Yield |
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| 19.14% | 19.14% |
LESS: | (Wt Avg) Coupon |
| 1.53% | 1.78% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 5.21% | 5.21% |
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Excess Spread: |
| Jun-03 | 10.40% | 10.14% |
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| May-03 | 10.08% | 9.88% |
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| Apr-03 | 9.09% | 8.86% |
3-Mo Avg Excess Spread |
| 9.86% | 9.63% | |
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Delinquents: | 30 to 59 days |
| 1.62% | 1.62% |
| 60 to 89 days |
| 1.11% | 1.11% |
| 90+ days |
| 2.28% | 2.28% |
Gross Monthly Payment Rate |
| 16.97% | 16.97% |
55
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| |
| >Jun-03 |
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|
Card Trust |
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| COMT 02-4 |
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Deal Size |
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| $750MM |
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Expected Maturity(Class A): |
| 5/15/2007 |
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Portfolio Yield |
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| 19.14% |
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LESS: | (Wt Avg) Coupon |
| 4.47% |
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| SVC Fees |
| 2.00% |
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| Net Charge-Offs |
| 5.21% |
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Excess Spread: |
| Jun-03 | 7.45% |
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| May-03 | 7.02% |
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| Apr-03 | 6.18% |
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3-Mo Avg Excess Spread |
| 6.88% |
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Delinquents: | 30 to 59 days |
| 1.62% |
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| 60 to 89 days |
| 1.11% |
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| 90+ days |
| 2.28% |
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Gross Monthly Payment Rate |
| 16.97% |
|
56
>CAPITAL ONE MASTER TRUST |
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(*) 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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