1
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : SEPTEMBER 2001
Beginning of the Month Principal Receivables : 19,979,530,508.50
--------------------
Beginning of the Month Finance Charge Receivables : 839,471,835.00
--------------------
Beginning of the Month Discounted Receivables : 0.00
--------------------
Beginning of the Month Total Receivables : 20,819,002,343.50
--------------------
Removed Principal Receivables : 0.00
--------------------
Removed Finance Charge Receivables : 0.00
--------------------
Removed Total Receivables : 0.00
--------------------
Additional Principal Receivables : 1,362,516,908.51
--------------------
Additional Finance Charge Receivables : 14,587,492.04
--------------------
Additional Total Receivables : 1,377,104,400.55
--------------------
Discounted Receivables Generated this Period 0.00
--------------------
End of the Month Principal Receivables : 20,936,334,010.21
--------------------
End of the Month Finance Charge Receivables : 876,602,177.49
--------------------
End of the Month Discounted Receivables : 0.00
--------------------
End of the Month Total Receivables : 21,812,936,187.70
--------------------
Excess Funding Account Balance 0.00
--------------------
Adjusted Invested Amount of all Master Trust Series 18,326,504,048.68
--------------------
End of the Month Seller Percentage 12.47%
--------------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : SEPTEMBER 2001 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 463,853.00 385,397,731.81
------------------ --------------------
60 - 89 Days Delinquent 307,094.00 265,802,065.77
------------------ --------------------
90 + Days Delinquent 635,267.00 582,608,573.09
------------------ --------------------
Total 30 + Days Delinquent 1,406,214.00 1,233,808,370.67
------------------ --------------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 5.66%
--------------------
Defaulted Accounts During the Month 179,675.00 99,688,370.75
------------------ --------------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 5.61%
--------------------
* See note on last page of the report
Page 7 of 52
2
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : SEPTEMBER 2001 COLLECTIONS PERCENTAGES
----------- -----------
Total Collections and Gross Payment Rate 3,177,940,548.99 14.32%
------------------ --------------------
Collections of Principal Receivables and Principal Payment Rate 2,747,019,049.41 12.87%
------------------ --------------------
Prior Month Billed Finance Charge and Fees 354,685,496.40
------------------
Amortized AMF Income 40,108,084.42
------------------
Interchange Collected 29,821,196.47
------------------
Recoveries of Charged Off Accounts 23,880,773.45
------------------
Collections of Discounted Receivables 0.00
------------------
Collections of Finance Charge Receivables and Annualized Yield 448,495,550.74 25.22%
------------------ --------------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : SEPTEMBER 2001
Beginning Unamortized AMF Balance 188,331,417.92
--------------------
+ AMF Slug for Added Accounts 17,904,253.94
------------------
+ AMF Collections 22,534,033.26
------------------
- Amortized AMF Income 40,108,084.42
------------------
Ending Unamortized AMF Balance 188,661,620.70
--------------------
/s/ Tom Feil
------------------------------------
Tom Feil
Director of Securitization
* Consistent with the announcement in Capital One Financial Corporation's fourth
quarter 2000 earnings call held on January 16, 2001, Capital One Bank added
accounts to the Capital One Master Trust (the "Master Trust") in February 2001
(the "Account Addition"), resulting in a broader cross-section of accounts in
the Master Trust. As a result, the gross yield, excess spread and delinquency
rate for the Master Trust for February 2001 are higher in comparison to recent
Master Trust performance.
For accounts in Capital One Bank's managed portfolio with characteristics
similar to accounts in the Account Addition, the gross yield and delinquency
rate historically have decreased over time to a level more consistent with the
historical gross yield and delinquency rate on accounts in the Master Trust.
Over time, gross yield and excess spread for the Master Trust should differ
materially from the February 2001 performance.
Changes in the Master Trust's February 2001 performance do not reflect a
material change in the performance of Capital One Bank's managed portfolio.
Page 8 of 52