Exhibit 20.22
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| 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 |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 1.13% | 6.04% |
| SVC Fees |
| 1.50% | 1.50% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 11.97% | 7.06% | |
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| Sep-03 | 11.83% | 7.12% |
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| Aug-03 | 11.90% | 7.10% |
3-Mo Avg Excess Spread |
| 11.90% | 7.09% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| 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 |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 4.93% | 1.57% |
| SVC Fees |
| 1.50% | 1.50% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 8.17% | 11.53% | |
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| Sep-03 | 8.24% | 11.33% |
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| Aug-03 | 8.22% | 11.41% |
3-Mo Avg Excess Spread |
| 8.21% | 11.42% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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Page 49 of 54
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| 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 |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 1.73% | 7.26% |
| SVC Fees |
| 1.50% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 11.37% | 5.33% | |
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| Sep-03 | 11.16% | 5.38% |
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| Aug-03 | 11.25% | 5.37% |
3-Mo Avg Excess Spread |
| 11.26% | 5.36% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| 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 |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 1.74% | 5.85% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 10.85% | 6.75% | |
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| Sep-03 | 10.64% | 6.83% |
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| Aug-03 | 10.73% | 6.81% |
3-Mo Avg Excess Spread |
| 10.74% | 6.80% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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Page 50 of 54
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| COMT 01-1 | COMT 01-2 | |
Deal Size |
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| $1200MM | $1200MM |
Expected Maturity(Class A): |
| 2/15/2008 | 3/15/2006 | |
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Portfolio Yield |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 1.25% | 4.91% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 11.34% | 7.69% | |
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| Sep-03 | 11.21% | 7.77% |
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| Aug-03 | 11.27% | 7.75% |
3-Mo Avg Excess Spread |
| 11.27% | 7.74% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| COMT 01-3 | COMT 01-4 | |
Deal Size |
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| $750MM | $1000MM |
Expected Maturity(Class A): |
| 5/15/2006 | 6/15/2004 | |
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Portfolio Yield |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 4.93% | 1.21% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 7.67% | 11.39% | |
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| Sep-03 | 7.74% | 11.25% |
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| Aug-03 | 7.72% | 11.31% |
3-Mo Avg Excess Spread |
| 7.71% | 11.32% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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Page 51 of 54
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| COMT 01-5 | COMT 01-6 | |
Deal Size |
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| $1000MM | $1300MM |
Expected Maturity(Class A): |
| 8/15/2006 | 8/15/2008 | |
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Portfolio Yield |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 4.80% | 1.58% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 7.80% | 11.02% | |
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| Sep-03 | 7.87% | 10.83% |
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| Aug-03 | 7.85% | 10.91% |
3-Mo Avg Excess Spread |
| 7.84% | 10.92% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| COMT 01-7 | COMT 01-8 | |
Deal Size |
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| $1000MM | $1000MM |
Expected Maturity(Class A): |
| 10/15/2004 | 10/16/2006 | |
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Portfolio Yield |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 3.58% | 4.23% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 9.02% | 8.37% | |
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| Sep-03 | 9.09% | 8.44% |
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| Aug-03 | 9.07% | 8.42% |
3-Mo Avg Excess Spread |
| 9.06% | 8.41% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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Page 52 of 54
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| COMT 02-1 | COMT 02-2 | |
Deal Size |
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| $985MM | $620MM |
Expected Maturity(Class A): |
| 1/15/2009 | 3/15/2007 | |
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Portfolio Yield |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 1.28% | 1.22% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 11.31% | 11.38% | |
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| Sep-03 | 11.18% | 11.24% |
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| Aug-03 | 11.24% | 11.31% |
3-Mo Avg Excess Spread |
| 11.25% | 11.31% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Oct-03 |
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Card Trust |
| COMT 02-3 | COMT 02-4 | |
Deal Size |
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| $1350MM | $750MM |
Expected Maturity(Class A): |
| 4/15/2005 | 5/15/2007 | |
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Portfolio Yield |
| 19.27% | 19.27% | |
LESS: | (Wt Avg) Coupon |
| 1.42% | 4.51% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.67% | 4.67% |
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Excess Spread: | Oct-03 | 11.18% | 8.09% | |
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| Sep-03 | 11.00% | 8.17% |
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| Aug-03 | 11.08% | 8.15% |
3-Mo Avg Excess Spread |
| 11.08% | 8.14% | |
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Delinquents: | 30 to 59 days |
| 1.50% | 1.50% |
| 60 to 89 days |
| 1.06% | 1.06% |
| 90+ days |
| 2.45% | 2.45% |
Gross Monthly Payment Rate |
| 16.58% | 16.58% | |
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Page 53 of 54
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>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. | ||||
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Capital One Master Trust performance statistics are also available at the | ||||
Capital One web site: |
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http://www.capitalone.com/about/invest/financials/abs.shtml |
Page 54 of 54