MONTHLY CERTIFICATEHOLDERS STATEMENT
NATIONSBANK OF DELAWARE, N/A
NATIONSBANK CREDIT CARD MASTER TRUST
SERIES 1993-2
-------------
Pursuant to the Master Pooling and Servicing Agreement, dated as of December 1, 1993
(as amended or supplemented, the "Pooling and Servicing Agreement"), as supplemented BZ the
Series 1993-2 Supplement, dated as of December 1, 1993 (the "Supplement" and, together with
the Pooling and Servicing Agreement, the "Agreement"), each between NationsBank of Delaware,
N.A. as Transferor and Servicer, and The Bank of New York, as Trustee, the Servicer is
required to prepare certain information each month regarding distributions to
Certificateholders and the performance of the Trust. The information with respect to
the applicable Distribution Date and Due Period is set forth below.
Due Period Mar-01
Determination Date 09-Apr-01
Transfer Date 13-Apr-01
Distribution Date 16-Apr-01
Amortization Period? No
Class A Accumulation Period? No
Class B Accumulation Period? No
Early Amortization Period? No
A Receivables for Due Period
A(1) Beginning Principal Receivables 2,705,586,861.24
Beginning Finance Charge Receivables (excluding Interchange) 29,715,195.72
Beginning Discount Receivables 0.00
-----------------
Beginning Receivables 2,735,302,056.96
A(2) Removed Principal Receivables 0.00
Removed Finance Charge Receivables (excluding Interchange) 0.00
Removed Receivables 0.00
A(3) Principal Receivables with respect to Additional Accounts 0.00
Finance Charge Receivables with respect to Additional Accounts
(excluding Interchange) 0.00
-----------------
Receivables with respect to Additional Accounts 0.00
A(4) Principal Receivables billed 535,167,092.37
Finance Charge Receivables billed (excluding Interchange) 36,042,281.79
Receivables billed 571,209,374.16
A(5) Discount Receivables Generated 0.00
A(6) Collections of Principal Receivables 595,672,683.20
Collections of Finance Charge Receivables (excluding Interchange) 41,440,649.04
Total Collections 637,113,332.24
A(7) Default Amount 12,681,565.09
A(8) Ending Principal Receivables 2,632,399,705.32
Ending Finance Charge Receivables (excluding Interchange) 24,316,828.47
Ending Discount Receivables 0.00
-----------------
Ending Receivables 2,656,716,533.79
A(9) Beginning Aggregate Invested Amount 1,422,915,000.00
Beginning Aggregate Invested Percentage 52.59%
A(10) Beginning Transferor Amount 1,282,671,861.24
Net Change in Transferor Amount (73,187,155.92)
Ending Transferor Amount 0.00
Beginning Transferor Interest Percentage 0.00%
A(11) Collections of Finance Charge Receivables allocable to Interchange 7,404,719.17
Exhibit 99 A and B
Page 5 of 17
B Delinquencies and Losses for Due Period
B(1) Delinquent Accounts
30-59 Days Delinquent 10,909
60-89 Days Delinquent 6,369
90-119 Days Delinquent 5,027
120+ Days Delinquent 6,625
B(2) Defaulted Accounts 0
B(3) Delinquent Receivables
30-59 Days Delinquent 46,618,865.40
60-89 Days Delinquent 28,785,673.16
90-119 Days Delinquent 22,750,582.57
120+ Days Delinquent 32,652,811.78
B(4) Default Amount 7,117,265.64
C Base Rate and Portfolio Yield
C(1) Base Rate (Current Due Period) 8.02%
Base Rate (Prior Due Period) 8.02%
Base Rate (Two Due Periods Ago) 8.02%
Three Month Average Base Rate 8.02%
C(2) Portfolio Yield (Current Due Period) 18.51%
Portfolio Yield (Prior Due Period) 20.35%
Portfolio Yield (Two Due Periods Ago) 19.07%
Three Month Average Portfolio Yield 19.31%
D Series 1993-2 Invested Amount
D(1) Class A Initial Invested Amount 500,000,000.00
Class B Initial Invested Amount 31,915,000.00
-----------------
Initial Invested Amount 531,915,000.00
D(2) Class A Invested Amount as of the beginning of the Due Period 500,000,000.00
Class B Invested Amount as of the beginning of the Due Period 31,915,000.00
-----------------
Invested Amount as of the beginning of the Due Period 531,915,000.00
D(3) Class A Invested Amount at the end of revolving period N/A
Class B Invested Amount at the end of revolving period N/A
Invested Amount at the end of revolving period N/A
D(4) Principal Funding Account Balance as of end of day on preceding
Distribution Date 0.00
Deposits to Principal Funding Account 0.00
Principal Funding Investment Proceeds 0.00
Withdrawals from Principal Funding Account 0.00
Allocation of Principal Funding Investment Proceeds 0.00
-----------------
Principal Funding Account Balance as of end of day on current 0.00
Distribution Date
D(5) Class A Adjusted Invested Amount as of the beginning of the Due Period 500,000,000.00
Class B Adjusted Invested Amount as of the beginning of the Due Period 31,915,000.00
-----------------
Adjusted Invested Amount as of the beginning of the Due Period 531,915,000.00
D(6) Enhancement Initial Invested Amount 0.00
Enhancement Invested Amount 0.00
D(7) Floating Allocation Percentage 19.66%
D(8) Principal Allocation Percentage 19.66%
Exhibit 99 A and B
Page 6 of 17
E Servicing Fee Calculation
E(1) Servicing Base Amount 531,915,000.00
E(2) Servicer Interchange 332,446.88
Class A Servicing Fee 520,833.44
Class B Servicing Fee 33,244.69
-----------------
Subtotal 886,525.01
Investor Monthly Servicing Fee 886,525.01
-----------------
Shortfall of Servicer Interchange 0.00
E(3) Investor Default Amount 1,399,254.42
E(4) Monthly Cash Collateral Fee 9,142.36
F Reserve Account
F(1) Reserve Account Balance as of end of day on preceding Distribution Date 0.00
Deposits to Reserve Account 0.00
Interest earnings on Reserve Account 0.00
Withdrawals from Reserve Account 0.00
-----------------
Reserve Account Balance as of end of day on current Distribution Date 0.00
F(2) Required Reserve Account Amount 0.00
F(3) Available Reserve Account Amount 0.00
F(4) Reserve Draw Amount 0.00
F(5) Reserve Account Surplus 0.00
F(6) Covered Amount N/A
G Cash Collateral Account
G(1) Initial Shared Collateral Amount 26,595,833.00
Initial Class B Collateral Amount 5,319,167.00
-----------------
Initial Cash Collateral Amount 31,915,000.00
G(2) Cash Collateral Account balance as of end of day on preceding
Distribution Date 31,915,000.00
Deposits to Cash Collateral Account 0.00
Withdrawals from Cash Collateral Account 0.00
-----------------
Cash Collateral Account balance as of end of day on current 31,915,000.00
Distribution Date
G(3) Cash Collateral Account Surplus 0.00
G(4) Available Shared Collateral Amount 26,595,833.00
Available Cash Collateral Amount 31,915,000.00
G(5) Required Draw Amount 0.00
Interest Draw Amount 0.00
Servicing Draw Amount 0.00
Default Draw Amount 0.00
Reimbursement Draw Amount/Special Draw Amount/Class
A&B Principal Draw Amount 0.00
-----------------
0.00
Exhibit 99 A and B
Page 7 of 17
H Class A Available Funds
H(1) Class A Floating Percentage 94.00%
H(2) Principal Funding Investment Proceeds (if applicable to Class A) 0.00
Class A Finance Charge Collections (excluding Interchange) 7,658,397.71
Class A allocation of Servicer Interchange 1,368,421.72
Reserve Draw Amount (if applicable to Class A) 0.00
-----------------
Class A Available Funds 9,026,819.43
H(3) Class A Monthly Interest 2,500,000.00
-----------------
Class A Interest Shortfall 0.00
H(4) Class A Additional Interest 0.00
Class A Servicing Fee 520,833.44
Class A allocation of Servicer Interchange 312,500.07
Class A Investor Default Amount 1,315,299.15
H(5) Distribution of Class A Available Funds
Class A Monthly Interest plus amounts previously due
but not distributed 2,500,000.00
Class A Additional Interest plus amounts
previously due but not distributed 0.00
Class A Servicing Fee plus amounts previously due
but not distributed 520,833.44
Class A allocation of Servicer Interchange 312,500.07
Class A Investor Default Amount 1,315,299.15
-----------------
Total Class A Excess Spread 4,378,186.77
H(6) Required Amount 0.00
I Class B Available Funds
I(1) Class B Floating Percentage 6.00%
I(2) Principal Funding Investment Proceeds (if applicable to Class B) 0.00
Class B Finance Charge Collections (excluding Interchange) 488,833.90
Class B allocation of Servicer Interchange 87,346.07
Reserve Draw Amount (if applicable to Class B) 0.00
Class B Available Funds 576,179.97
I(3) Class B Monthly Interest 166,223.96
-----------------
Class B Interest Shortfall 0.00
I(4) Class B Additional Interest 0.00
Class B Servicing Fee 33,244.69
Class B allocation of Servicer Interchange 19,946.81
I(5) Distribution of Class B Available Funds
Class B Monthly Interest plus amounts previously due
but not distributed 166,223.96
Class B Additional Interest plus amounts
previously due but not distributed 0.00
Class B Servicing Fee plus amounts previously due
but not distributed 33,244.69
Class B allocation of Servicer Interchange 19,946.81
Total Class B Excess Spread 356,764.51
I(6) Class B Investor Default Amount 83,955.27
Exhibit 99 A and B
Page 8 of 17
J Excess Spread and Excess Finance Charge Collections
J(1) Total Excess Spread 4,734,951.28
Excess Finance Charge Collections allocated from other series 0.00
-----------------
4,734,951.28
J(2) Applied to Required Amount 0.00
Applied to Class A Investor Charge Offs 0.00
Applied to Class B Monthly Interest & Additional Interest 0.00
Applied to Class B Servicing Fee 0.00
Applied to Class B Investor Default Amount 83,955.27
Applied to Class B Invested Amount reductions 0.00
Applied to Enhancement Invested Amount reductions 0.00
Applied to Cash Collateral Account 0.00
Applied to Monthly Cash Collateral Fee 9,142.36
Applied to Reserve Account 0.00
Applied to Cash Collateral Depositor 0.00
-----------------
0.00
J(3) Finance Charge Shortfall 0.00
J(4) Portion of Shared Collateral Amount applied to Required Amount 0.00
Portion of Reallocated Principal Collections applied to Required Amount 0.00
K Principal Collections
K(1) Available Principal Collections 117,109,249.52
Excess Principal Collections with respect to other Series 0.00
Subtotal 117,109,249.52
K(2) Class A Principal Percentage 94.00%
Class A Monthly Principal 0.00
K(3) Class B Principal Percentage 6.00%
Class B Monthly Principal 0.00
K(4) Allocation of Principal Collections
Deposit to Principal Funding Account 0.00
Distribution to Cash Collateral Depositor 0.00
Excess Principal Collections 117,109,249.52
Principal Shortfall 0.00
K(5) Reallocated Principal Collections pursuant to Section 4.9(a) 0.00
K(6) Amount BZ which Class B Invested Amount was reduced pursuant to 4.7(a) 0.00
L Accumulation Period
L(1) Controlled Accumulation Amount (Class A) N/A
Deficit Controlled Accumulation Amount (Class A) N/A
Controlled Deposit Amount (Class A) 0.00
L(2) Controlled Accumulation Amount (Class B) N/A
Deficit Controlled Accumulation Amount (Class B) N/A
-----------------
Controlled Deposit Amount (Class B) 0.00
Exhibit 99 A and B
Page 9 of 17
M Investor Charge Offs
M(1) Class A Investor Charge Offs 0.00
Class B Investor Charge Offs 0.00
M(2) The amount of reimbursed Class A Investor Charge Offs 0.00
The amount of reimbursed Class B Investor Charge Offs 0.00
M(3) The amount, if any, BZ which the outstanding principal balance of the
Certificates exceeds the
Invested Amount after giving effect to all transactions on the
Distribution Date
Class A 0.00
Class B 0.00
N Distributions to Class A Certificateholders
(per $1,000 original principal amount)
N(1) Total distribution to Class A Certificateholders 5.00
Amount with respect to interest 5.00
Amount with respect to principal 0.00
N(2) Class A Investor Charge Offs 0.00
N(3) The amount of reimbursed Class A Investor Charge Offs 0.00
O Distributions to Class B Certificateholders
(per $1,000 original principal amount)
O(1) Total distribution to Class B Certificateholders 5.21
Amount with respect to interest 5.21
Amount with respect to principal 0.00
O(2) Class B Investor Charge Offs 0.00
O(3) The amount of reimbursed Class B Investor Charge Offs 0.00
<FN>
NATIONSBANK OF DELAWARE, N.A.
as Servicer
BZ: \s\ Victoria J. Jahanbani
----------------------------
Name: Victoria J. Jahanbani
Title: Vice President
Exhibit 99 A and B
Page 10 of 17