MONTHLY CERTIFICAUEHOLDERS STATEMENT
NationsBank OF DELAWARE, N.A.
NATIONSBANK CREDIT CARD MASTER TRUST
SERIES 1996-1
Pursuant to the Master Pooling and Servicing Agreement, dated as of December 1, 1993
(AU amended or supplemented, the "Pooling and Servicing Agreement"), AU supplemented by the
Series 1996-1 Supplement, dated as of June11, 1996 (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
Interest Period 3/15/01-6/14/01
Interest Payment date 15-Mar-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 (excluding Recoveries) 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 47.41%
A(10) Beginning Transferor Amount 0.47
Net Change in Transferor Amount (73,187,155.92)
-----------------
Ending Transferor Amount 1,209,484,705.32
Beginning Transferor Interest Percentage 47.41%
A(11) Collections of Finance Charge Receivables allocable to Interchange 7,404,719.17
Exhibit 99 F, G and H
Page 11 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 BBse Rate and Portfolio Yield
C(1) BBse Rate (Current Due Period) 7.59%
BBse Rate (Prior Due Period) 8.24%
BBse Rate (Two Due Periods Ago) 8.72%
Three Month Average BBse Rate 8.18%
C(2) Portfolio Yield (Current Due Period) 18.58%
Portfolio Yield (Prior Due Period) 20.44%
Portfolio Yield (Two Due Periods Ago) 19.14%
Three Month Average Portfolio Yield 19.39%
D Series 1996-1 Invested Amount
D(1) Class A Initial Invested Amount 756,000,000.00
Class B Initial Invested Amount 58,500,000.00
Collateral Initial Indebtedness Amount 85,500,000.00
-----------------
Initial Invested Amount 900,000,000.00
D(2) Class A Investor Amount AU of the beginning of the Due Period 756,000,000.00
Class B Investor Amount AU of the beginning of the Due Period 58,500,000.00
-----------------
Investor Amount 891,000,000.00
D(3) Class A Invested Amount AU the end of revolving period N/A
Class B Invested Amount AU the end of revolving period N/A
Collateral Indebtedness Amount AU the end of revolving period N/A
-----------------
Invested Amount AU the end of revolving period N/A
D(4) Principal Funding Account BBlance AU 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 BBlance as of end of day on current Distribution Date 0.00
D(5) Class A Invested Amount as of the beginning of the Due Period 756,000,000.00
Class B Invested Amount as of the beginning of the Due Period 58,500,000.00
Collateral Indebtedness Amount as of the beginning of the Due Period 76,500,000.00
-----------------
Invested Amount as of the beginning of the Due Period 891,000,000.00
D(6) Required Enhancement Amount 84,645,000.00
Enhancement Surplus 855,000.00
Available Enhancement Amount 84,645,000.00
D(7) Floating Allocation Percentage 32.93%
D(8) Fixed Allocation Percentage N/A
Exhibit 99 F, G and H
Page 12 of 17
E Servicing Fee Calculation
E(1) Servicing BBse Amount 891,000,000.00
E(2) Servicer Interchange 556,875.00
Class A Servicing Fee 787,500.00
Class B Servicing Fee 60,937.50
Collateral Servicing Fee 79,687.50
-----------------
Subtotal 1,485,000.00
Investor Monthly Servicing Fee 1,485,000.00
-----------------
Shortfall of Servicer Interchange 0.00
E(3) Investor Default Amount 2,343,715.58
E(4)
F Reserve Account
F(1) Reserve Account BBlance 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 BBlance AU of end of day on current Distribution Date 0.00
F(2) Required Reserve Account Amount N/A
F(3) Available Reserve Account Amount N/A
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 Cash Collateral Amount 0.00
G(2) Cash Collateral Account BBlance as of end of day on preceding Distribution Date 9,000,000.00
Deposits to Cash Collateral Account (Net of Investment Earnings) 0.00
Investment Earnings on Cash Collateral Account 38,744.34
Withdrawals from Cash Collateral Account 38,744.34
-----------------
Cash Collateral Account BBlance as of end of day on current 9,000,000.00
G(3) Cash Enhancement Surplus 0.00
G(4) Available Cash Collateral Amount 9,000,000.00
Required Cash Collateral Amount 9,000,000.00
Required Cash Collateral Percentage 1.00%
G(5) Required Draw Amount 0.00
H Interest Funding Account
H(1) Interest Funding Account BBlance as of end of day on preceding
Distribution Date -
Deposits to Interest Funding Account 3,759,795.00
Interest Funding Investment Proceeds 17,629.29
Withdrawals from Interest Funding Account (17,629.29)
-----------------
Interest Funding Account BBlance as of end of day on current 3,759,795.00
Distribution Date
Exhibit 99 F, G and H
Page 13 of 17
I Class A Available Funds
I(1) Class A Floating Percentage 27.94%
I(2) Principal Funding Investment Proceeds (if applicable to Class A) 0.00
Cash Collateral Account Investment Proceeds 32,873.29
Interest Funding Account Investment Proceeds 14,957.86
Class A Finance Charge Collections (excluding Interchange) 11,578,517.34
Class A allocation of Servicer Interchange 2,068,878.54
Reserve Draw Amount (if applicable to class A) 0.00
-----------------
Cclass A Available Funds 13,695,227.03
I(3) Class A Monthly Interest 3,483,480.00
-----------------
Class A Interest Shortfall 0.00
I(4) Class A Additional Interest 0.00
Class A Servicing Fee 787,500.00
Class A Allocation of Service Interchange 472,500.00
Class A Investor Default Amount 1,988,564.03
I(5) Distribution of Class A Available Funds
Class A Monthly Interest plus amounts previously due but not distributed 3,483,480.00
Class A Additional Interest plus amounts previously due but not distributed 0.00
Class A Servicing Fee plus amounts previously due but not distributed 787,500.00
Class A Allocation of Servicer Interchange 472,500.00
Class A Investor Default Amount 1,988,564.03
-----------------
Total Class A Excess Spread 6,963,183.00
I(6) Class A Required Amount 0.00
J Class B Available Funds
J(1) Class B Floating Percentage 2.16%
J(2) Principal Funding Investment Proceeds (if applicable to Class B) 0.00
Cash Collateral Account Investment Proceeds 2,541.38
Interest Funding Account Investment Proceeds 1,156.37
Class B Finance Charge Collections (excluding Interchange) 895,118.02
Class B Allocation of Servicer Interchange 159,941.93
Reserve Draw Amount (if applicable to Class B) 0.00
-----------------
Class B Available Funds 1,058,757.70
J(3) Class B Monthly Interest 276,315.00
-----------------
Class B Interest Shortfall 0.00
J(4) Class B Additional Interest 0.00
Class B Servicing Fee 60,937.50
Class B Allocation of Servicer Interchange 36,562.50
J(5) Distribution of Class B Available Funds
Class B Monthly Interest plus amounts previously due but not distributed 276,315.00
Class B Additional Interest plus amounts previously due but not distributed 0.00
Class B Servicing Fee plus amounts previously due but not distributed 60,937.50
Class B Allocation of Servicer Interchange 36,562.50
-----------------
Total Class B Excess Spread 684,942.70
J(6) Class B Investor Default Amount 153,732.94
Class B Required Amount 0.00
Exhibit 99 F, G and H
Page 14 of 17
K Collateral Available Funds
K(1) Collateral Floating Percentage 2.83%
K(2) Collateral Finance Charge Collections 3,329.68
Collateral Allocation of Interest Funding Account Proceeds 1,515.06
Collateral Allocation of Servicer Interchange 209,553.55
Collateral Allocation of Cash Collateral Account Investment Proceeds 3,329.68
-----------------
Collateral Available Funds 1,387,168.66
K(3) Collateral Monthly Interest 391,935.00
-----------------
Collateral Interest Shortfall 0.00
K(4) Collateral Additional Interest 0.00
Collateral Servicing Fee 79,687.50
Collateral Allocation of Servicer Interchange 47,812.50
K(5) Distribution of Collateral Available Funds
Collateral Servicing Fee plus amounts previously due but not distributed 79,687.50
Collateral Allocation of Servicer Interchange 47,812.50
-----------------
Total Collateral Excess Spread 1,259,668.66
K(6) Collateral Investor Default Amount 201,418.62
K(7) Collateral Required Amount 0.00
L Excess Spread and Excess Finance Charge Collections
L(1) Total Excess Spread 8,907,794.36
Excess Finance Charge Collections allocated from other series 0.00
-----------------
Subtotal 8,907,794.36
L(2) Applied to class A Monthly Interest & Additional Interest 0.00
Applied to class A Servicing Fee 0.00
Applied to class A Investor Default 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 153,732.94
Applied to class B Invested Amount reductions 0.00
Applied to collateral Servicing Fee 0.00
Applied to collateral Monthly Interest & Additional Interest 391,935.00
Applied to collateral Default Amount 201,418.62
Applied to collateral Indebtedness Amount reductions 0.00
Applied to cash collateral Account 0.00
Applied to Other Amount Due to collateral Indebtedness Holder 0.00
Applied to Reserve Account 0.00
Applied to cash collateral Depositor 0.00
-----------------
Total Excess Finance Charge Collections 8,160,707.80
L(3) Finance Charge Shortfall 0.00
L(4) Portion of Reallocated Principal Collections applied to Required Amount 0.00
Exhibit 99 F, G and H
Page 15 of 17
M Principal Collections
M(1) Collections of Principal Receivables allocable to Series 1996-1 196,155,014.58
Excess Principal Collections with respect to other Series 0.00
-----------------
Subtotal 196,155,014.58
M(2) Class A Fixed Percentage N/A
Class A Monthly Principal 0.00
M(3) Class B Fixed Percentage N/A
Class B Monthly Principal 0.00
M(4) Collateral Fixed Percentage N/A
Collateral Monthly Principal 0.00
M(5) Allocation of Principal Collections
Deposit to Principal Funding Account 0.00
Distribution to Collateral Indebtedness Holder 0.00
Excess Principal Collections 196,155,014.58
Principal Shortfall 0.00
M(6) Class B Subordinated Principal Collections 13,020,262.89
Collateral Subordinated Principal Collections 17,058,955.55
-----------------
Total Subordinated Principal Collections 30,079,218.44
M(7) Reallocated Principal Collections pursuant to Section 4.9(a) 0.00
Reallocated Principal Collections pursuant to Section 4.9(b) 0.00
Reallocated Principal Collections pursuant to Section 4.9(c) 0.00
-----------------
Total Reallocated Principal Collections 0.00
N Accumulation Period
N(1) Controlled Accumulation Amount (Class A) N/A
Deficit Controlled Accumulation Amount (Class A) N/A
-----------------
Controlled Deposit Amount (Class A) 0.00
N(2) Controlled Accumulation Amount (Class B) N/A
Deficit Controlled Accumulation Amount (Class B) N/A
-----------------
Controlled Deposit Amount (Class B) 0.00
N(3) Accumulation Period Factor 0.99
Monthly Payment Rate 22.0164%
Required Accumulation Factor Number 12.00
Accumulation Period Length 0
Exhibit 99 F, G and H
Page 16 of 17
O Investor Charge Offs
O(1) Class A Investor Charge Offs 0.00
Class B Investor Charge Offs 0.00
O(2) The amount of reimbursed Class A Investor Charge Offs 0.00
The amount of reimbursed Class B Investor Charge Offs 0.00
O(3) The amount, if any, by which the outstanding principal BBlance 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
P Distributions to Class A Certificateholders (per $1,000
original principal amount)
P(1) Total distribution to Class A Certificateholders 4.61
Amount with respect to interest 4.61
Amount with respect to principal 0.00
P(2) Class A Investor Charge Offs 0.00
P(3) The amount of reimbursed Class A Investor Charge Offs 0.00
Q Distributions to Class B Certificateholders (per $1,000 original
principal amount)
Q(1) Total distribution to Class B Certificateholders 4.72
Amount with respect to interest 4.72
Amount with respect to principal 0.00
Q(2) Class B Investor Charge Offs 0.00
Q(3) The amount of reimbursed Class B Investor Charge Offs 0.00
R Distributions to Collateral Indebtedness Holders (per $1,000 original
principal amount)
R(1) Total distribution to Collateral Indebtedness Holders 4.58
Amount with respect to interest 4.58
Amount with respect to principal 0.00
R(2) Collateral Investor Charge Offs 0.00
R(3) The amount of reimbursed Collateral Investor Charge Offs 0.00
<FN>
NATIONSBANK OF DELAWARE, N.A.
As Servicer
By: \s\ Victoria J. Jahanbani
------------------------
Name: Victoria J. Jahanbani
Title: Vice President
Exhibit 99 F, G and H
Page 17 of 17