Exhibit 20.21
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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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 |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon** |
| 0.21% | 6.03% |
| SVC Fees** |
| 0.21% | 1.50% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 14.05% | 6.94% | |
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| Dec-03 | 12.16% | 7.42% |
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| Nov-03 | 10.83% | 6.27% |
3-Mo Avg Excess Spread |
| 12.35% | 6.88% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| COMT 99-1 | COMT 99-3 | |
Deal Size |
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| $625MM | $500MM |
Expected Maturity(Class A): |
| 05/15/2004 | 7/17/2006 | |
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Portfolio Yield |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 1.55% | 1.72% |
| SVC Fees |
| 1.50% | 1.50% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 11.42% | 11.25% | |
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| Dec-03 | 11.68% | 11.52% |
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| Nov-03 | 10.28% | 10.10% |
3-Mo Avg Excess Spread |
| 11.13% | 10.96% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% |
47 of 52
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| COMT 00-2 | COMT 00-3 | |
Deal Size |
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| $750MM | $1000MM |
Expected Maturity(Class A): |
| 06/15/2005 | 08/15/2007 | |
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Portfolio Yield |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 7.26% | 1.73% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 5.21% | 10.75% | |
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| Dec-03 | 5.69% | 11.01% |
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| Nov-03 | 4.52% | 9.58% |
3-Mo Avg Excess Spread |
| 5.14% | 10.45% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| COMT 00-4 | COMT 01-1 | |
Deal Size |
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| $1200MM | $1200MM |
Expected Maturity(Class A): |
| 10/17/2005 | 2/15/2008 | |
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Portfolio Yield |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 5.84% | 1.23% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 6.63% | 11.24% | |
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| Dec-03 | 7.12% | 11.54% |
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| Nov-03 | 5.99% | 10.20% |
3-Mo Avg Excess Spread |
| 6.58% | 10.99% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% |
48 of 52
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| 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 |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 4.90% | 4.93% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 7.57% | 7.55% | |
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| Dec-03 | 8.06% | 8.04% |
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| Nov-03 | 6.93% | 6.90% |
3-Mo Avg Excess Spread |
| 7.52% | 7.50% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| 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 |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 1.20% | 4.80% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 11.27% | 7.68% | |
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| Dec-03 | 11.62% | 8.17% |
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| Nov-03 | 10.25% | 7.03% |
3-Mo Avg Excess Spread |
| 11.05% | 7.62% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| 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 |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 1.56% | 3.58% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 10.91% | 8.90% | |
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| Dec-03 | 11.19% | 9.39% |
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| Nov-03 | 9.78% | 8.25% |
3-Mo Avg Excess Spread |
| 10.63% | 8.84% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| 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 |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 4.23% | 1.26% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 8.25% | 11.21% | |
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| Dec-03 | 8.74% | 11.51% |
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| Nov-03 | 7.60% | 10.17% |
3-Mo Avg Excess Spread |
| 8.20% | 10.97% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% |
50 of 52
| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| 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 |
| 18.95% | 18.95% | |
LESS: | (Wt Avg) Coupon |
| 1.20% | 1.40% |
| SVC Fees |
| 2.00% | 2.00% |
| Net Charge-Offs |
| 4.48% | 4.48% |
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Excess Spread: | Jan-04 | 11.28% | 11.07% | |
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| Dec-03 | 11.58% | 11.35% |
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| Nov-03 | 10.24% | 9.96% |
3-Mo Avg Excess Spread |
| 11.03% | 10.79% | |
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Delinquents: | 30 to 59 days |
| 1.52% | 1.52% |
| 60 to 89 days |
| 1.03% | 1.03% |
| 90+ days |
| 2.36% | 2.36% |
Gross Monthly Payment Rate |
| 16.25% | 16.25% | |
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| >CAPITAL ONE MASTER TRUST |
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| >Trust Excess Spread Analysis |
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| >Jan-04 |
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Card Trust |
| 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 |
| 18.95% |
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LESS: | (Wt Avg) Coupon |
| 4.50% |
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| SVC Fees |
| 2.00% |
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| Net Charge-Offs |
| 4.48% |
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Excess Spread: | Jan-04 | 7.97% |
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| Dec-03 | 8.46% |
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| Nov-03 | 7.33% |
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3-Mo Avg Excess Spread |
| 7.92% |
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Delinquents: | 30 to 59 days |
| 1.52% |
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| 60 to 89 days |
| 1.03% |
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| 90+ days |
| 2.36% |
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Gross Monthly Payment Rate |
| 16.25% |
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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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(**) Weighted Average Coupon & Servicing Fee for COMT 96-3 in Jan 04 | ||||
Distribution Period are impacted by the scheduled principal reductions of | ||||
$400,000,000 to Class A and $30,000,000 to Class C that occurred on 01/15/04. | ||||
Actual distributions are based on distribution period invested amount and End of | ||||
Month invested amount, respectively, and the Base Rate calculation | ||||
((Weighted Ave Coupon + Servicing Fee + Servicer Interchange)/BOM Invested | ||||
Amount), as set forth in the governing documents, uses actual distributions as | ||||
a percentage of Beginning of Month invested amount. | ||||
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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 | ||||
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