CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - JANUARY-02
Card Trust COMT 96-2 COMT 96-3 COMT 97-1 COMT 97-2
Deal Size $750MM $500MM $608MM $502MM
Expected Maturity(Class A): 12/15/2001 1/15/2004 6/15/2002 8/15/2002
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Excess Spread:
Portfolio Yield 21.56% 21.56% 21.56% 21.56%
LESS: (Wt Avg) Coupon 2.19% 1.95% 1.85% 2.03%
SVC Fees 0.88% 1.50% 1.50% 1.50%
Charge-Offs 3.75% 3.75% 3.75% 3.75%
Excess Spread: Jan-02 14.74% 14.35% 14.45% 14.27%
Dec-01 17.27% 14.14% 14.30% 14.12%
Nov-01 13.81% 13.78% 13.06% 13.91%
3-Mo Avg Excess Spread 15.34% 14.09% 13.94% 14.10%
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Delinquents: 30 to 59 days 1.89% 1.89% 1.89% 1.89%
60 to 89 days 1.17% 1.17% 1.17% 1.17%
90+ days 2.36% 2.36% 2.36% 2.36%
Monthly Payment Rate 15.95% 15.95% 15.95% 15.95%
Card Trust COMT 98-1 COMT 98-4 COMT 99-1 COMT 99-2
Deal Size $591MM $750MM $625MM $625MM
Expected Maturity(Class A): 4/15/2008 11/15/2003 05/15/2004 05/15/2002
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Excess Spread:
Portfolio Yield 21.56% 21.56% 21.56% 21.56%
LESS: (Wt Avg) Coupon 6.08% 5.02% 2.36% 1.95%
SVC Fees 1.50% 1.50% 1.50% 1.50%
Charge-Offs 3.75% 3.75% 3.75% 3.75%
Excess Spread: Jan-02 10.22% 11.28% 13.94% 14.35%
Dec-01 10.23% 11.29% 13.70% 14.14%
Nov-01 9.83% 10.84% 13.42% 13.78%
3-Mo Avg Excess Spread 10.09% 11.14% 13.69% 14.09%
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Delinquents: 30 to 59 days 1.89% 1.89% 1.89% 1.89%
60 to 89 days 1.17% 1.17% 1.17% 1.17%
90+ days 2.36% 2.36% 2.36% 2.36%
Monthly Payment Rate 15.95% 15.95% 15.95% 15.95%
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Card Trust COMT 99-3 COMT 00-1 COMT 00-2 COMT 00-3
Deal Size $500MM $600MM $750MM $1000MM
Expected Maturity(Class A): 7/17/06 02/17/2003 06/15/2005 08/15/2007
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Excess Spread:
Portfolio Yield 21.56% 21.56% 21.56% 21.56%
LESS: (Wt Avg) Coupon 2.52% 7.16% 7.26% 2.54%
SVC Fees 1.50% 1.50% 2.00% 2.00%
Charge-Offs 3.75% 3.75% 3.75% 3.75%
Excess Spread: Jan-02 13.78% 9.14% 8.54% 13.26%
Dec-01 13.53% 9.14% 8.54% 13.01%
Nov-01 13.26% 8.76% 8.16% 12.74%
3-Mo Avg Excess Spread 13.52% 9.01% 8.41% 13.00%
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Delinquents: 30 to 59 days 1.89% 1.89% 1.89% 1.89%
60 to 89 days 1.17% 1.17% 1.17% 1.17%
90+ days 2.36% 2.36% 2.36% 2.36%
Monthly Payment Rate 15.95% 15.95% 15.95% 15.95%
Card Trust COMT 00-4 COMT 00-5 COMT 01-1 COMT 01-2
Deal Size $1200MM $1250MM $1200MM $1200MM
Expected Maturity(Class A): 10/17/2005 10/15/2003 2/15/08 3/15/06
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Excess Spread:
Portfolio Yield 21.56% 21.56% 21.56% 21.56%
LESS: (Wt Avg) Coupon 5.96% 5.87% 2.07% 5.02%
SVC Fees 2.00% 2.00% 2.00% 2.00%
Charge-Offs 3.75% 3.75% 3.75% 3.75%
Excess Spread: Jan-02 9.84% 9.93% 13.73% 10.78%
Dec-01 9.58% 9.68% 13.52% 10.56%
Nov-01 9.90% 9.99% 13.16% 10.78%
3-Mo Avg Excess Spread 9.78% 9.87% 13.47% 10.71%
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Delinquents: 30 to 59 days 1.89% 1.89% 1.89% 1.89%
60 to 89 days 1.17% 1.17% 1.17% 1.17%
90+ days 2.36% 2.36% 2.36% 2.36%
Monthly Payment Rate 15.95% 15.95% 15.95% 15.95%
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Card Trust COMT 01-3 COMT 01-4 COMT 01-5 COMT 01-6
Deal Size $750MM $1000MM $1000MM $1300MM
Expected Maturity(Class A): 5/15/2006 6/15/2004 8/15/2006 8/15/2008
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Excess Spread:
Portfolio Yield 21.56% 21.56% 21.56% 21.56%
LESS: (Wt Avg) Coupon 5.02% 2.07% 4.89% 2.37%
SVC Fees 2.00% 2.00% 2.00% 2.00%
Charge-Offs 3.75% 3.75% 3.75% 3.75%
Excess Spread: Jan-02 10.78% 13.74% 10.91% 13.43%
Dec-01 10.80% 13.59% 10.92% 13.19%
Nov-01 10.35% 13.17% 10.48% 12.90%
3-Mo Avg Excess Spread 10.64% 13.50% 10.77% 13.18%
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Delinquents: 30 to 59 days 1.89% 1.89% 1.89% 1.89%
60 to 89 days 1.17% 1.17% 1.17% 1.17%
90+ days 2.36% 2.36% 2.36% 2.36%
Monthly Payment Rate 15.95% 15.95% 15.95% 15.95%
Card Trust COMT 01-7 COMT 01-8 COMT 02-1
Deal Size $1000MM $1000MM $985MM
Expected Maturity(Class A): 10/15/2004 10/16/2006 10/16/2006
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Excess Spread:
Portfolio Yield 21.56% 21.56% 21.56%
LESS: (Wt Avg) Coupon 3.67% 4.32% 2.14%
SVC Fees 2.00% 2.00% 0.87%
Charge-Offs 3.75% 3.75% 3.75%
Excess Spread: Jan-02 12.13% 11.48% 14.80%
Dec-01 12.14% 11.50% N/A
Nov-01 11.70% 11.66% N/A
3-Mo Avg Excess Spread 11.99% 11.54% N/A
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Delinquents: 30 to 59 days 1.89% 1.89% 1.89%
60 to 89 days 1.17% 1.17% 1.17%
90+ days 2.36% 2.36% 2.36%
Monthly Payment Rate 15.95% 15.95% 15.95%
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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 of registration of an applicable
exemption from the registration requirements.
COMMENTS: Capital One Master Trust performance statistics are also available
at the Capital One web site: http://capitalone.com/invest/financials/abs.html