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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
October 15, 1998
Fleet Credit Card Master Trust II
(Formerly ADVANTA Credit Card Master Trust II)
(Exact name or Registrant as specified in its charter)
New York Reg. No. 0-20973 Not Required
(State or other (Commission File (I.R.S. Employer
jurisdiction Number) Identification
of incorporation) Number)
Fleet Bank (RI), National Association
Attention: Linda Morris, Secretary
101 Gibraltar Road
Horsham, Pennsylvania 19044-2303
(Address of Owner/Servicer)
50 Kennedy Plaza
18th Floor
Providence, RI 02903
(Address of principal executive offices)
(215) 444-6800 (Telephone Number of Owner/Servicer)
(Registrant's Telephone Number)
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Items 1-4. Inapplicable.
Item 5. Other Events.
Information relating to the distributions to Certificateholders for the
September 1998 Monthly Period of the Trust in respect of the following
Floating Rate Asset Backed Certificates: Series 1994-B, Series 1995-A
Series 1995-C, Series 1995-D, Series 1995-F Class A-2 and Class B
Series 1995-G, Series 1996-A Class A-2 and Class B, Series 1996-B
Series 1996-C, Series 1996-D, Series 1996-E and Series 1998-A and the
following Fixed Rate Asset Backed Certificates: Series 1995-F, Class A-1
and Series 1996-A, Class A-1 (the "Certificates") issued by the Registrant
and to the performance of the Trust (including collections of
Principal Receivables and Finance Charge Receivables, Principal
Receivables in the Trust, delinquent balances in Accounts, the
Investor Default Amounts, the amount of Investor Charge Offs, and
the Investor Servicing Fees), together with certain other information
relating to the Certificates, is contained in the Monthly Report for the
Monthly Period provided to Certificateholders pursuant to the Pooling and
Servicing Agreement date as of December 1, 1993 (hereinafter as such agreement
may have been or may be from time to time, supplemented, amended or otherwise
modified, (the "Agreement"), between Fleet Bank (RI), National Association
and Bankers Trust Company, as Trustee. Capitalized terms not otherwise
defined herein have the meanings assigned in the Agreement.
Effective February 20, 1998, Fleet Bank (RI), National Association assumed all
of Advanta National Bank's rights and obligations under the Master Pooling and
Servicing Agreement and the outstanding Series Supplements. Fleet Bank (RI),
National Association became the Seller and Servicer of the Trust and the
Trust's name was changed to Fleet Credit Card Master Trust II.
Beginning in October 1998, Fleet Bank (RI) will be making changes to its
charge off policies. These policy changes will effect the Default and Excess
Spread figures for Fleet Credit Card Master Trust II. The policy changes
will be as follows:
1. Accounts will be charged off at 180 days delinquent. This is a change from
the current policy of 186 days delinquent for certain accounts. The result
of this policy change will be a one-time increase in Defaults and a
corresponding decrease in Excess Spread for the October 1998 monthly period
(reported in November 1998). The effect on Fleet Credit Card Master
Trust II is estimated to be between 0.80% - 1.00%.
2. Accounts will be charged off 60 days after notification of the filing of a
bankruptcy petition. This is a change from the current policy of 90 days
for certain accounts. This policy change will be phased in over three
months. The result of this policy change will be an increase in Defaults
and a corresponding decrease in Excess Spread for each of the October 1998,
November 1998, and December 1998 monthly periods (reported in
November 1998, December 1998, and January 1999 respectively). The effect on
Fleet Credit Card Master Trust II is estimated to be between 1.00% - 1.20%
per month.
Item 6. Inapplicable.
Item 7. Financial Statements,
Pro Forma Financial Information and Exhibits.
1. Monthly Reports for the September 1998 Monthly Period relating to the
following Floating Rate Asset Backed Certificates: Series 1994-B,
Series 1995-A, Series 1995-C, Series 1995-D, Series 1995-F Class
A-2 and Class B, Series 1995-G, Series 1996-A Class A-2 and Class B,
Series 1996-B, Series 1996-C, Series 1996-D, Series 1996-E and
Series 1998-A and the following Fixed Rate Asset Backed Certificates:
Series 1995-F Class A-1 and Series 1996-A Class A-1 issued by Fleet
Credit Card Master Trust II.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Fleet Credit Card Master Trust II
(Registrant)
BY: Fleet Bank (RI), National Association
(Owner/Servicer)
Date: October 15, 1998 By: /s/ MICHAEL COCO
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Name: Michael Coco
Title: Vice President
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EXHIBIT INDEX
Sequential
Exhibit Page Number
1. Monthly Reports for the September 1998 Monthly Period 5
relating to the Asset Backed Certificates Series 1994-B,
Series 1995-A, Series 1995-C, Series 1995-D, Series
1995-F, Series 1995-G, Series 1996-A, Series 1996-B
Series 1996-C, Series 1996-D, Series 1996-E and
Series 1998-A issued by the Fleet Credit Card Master
Trust II.