CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - JUNE-02
Card Trust COMT 96-3 COMT 97-2 COMT 98-1 COMT 98-4
Deal Size $500MM $502MM $591MM $750MM
Expected Maturity(Class A): 1/15/2004 8/15/2002 4/15/2008 11/15/2003
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Excess Spread:
Portfolio Yield 20.77% 20.77% 20.77% 20.77%
LESS: (Wt Avg) Coupon 2.18% 2.15% 6.06% 4.98%
SVC Fees 1.50% 1.50% 1.50% 1.50%
Charge-Offs 4.59% 4.59% 4.59% 4.59%
Excess Spread: Jun-02 12.50% 12.53% 8.62% 9.70%
May-02 13.73% 13.75% 9.49% 10.52%
Apr-02 13.63% 13.67% 9.61% 10.67%
3-Mo Avg Excess Spread 13.29% 13.32% 9.24% 10.30%
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Delinquents: 30 to 59 days 1.70% 1.70% 1.70% 1.70%
Monthly Prin 60 to 89 days 1.08% 1.08% 1.08% 1.08%
90+ days 2.17% 2.17% 2.17% 2.17%
Monthly Payment Rate 16.27% 16.27% 16.27% 16.27%
Card Trust COMT 99-1 COMT 99-3 COMT 00-1 COMT 00-2
Deal Size $625MM $500MM $600MM $750MM
Expected Maturity(Class A): 05/15/2004 07/17/2006 02/17/2003 06/15/2005
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Excess Spread:
Portfolio Yield 20.77% 20.77% 20.77% 20.77%
LESS: (Wt Avg) Coupon 2.65% 2.82% 7.16% 7.26%
SVC Fees 1.50% 1.50% 1.50% 2.00%
Charge-Offs 4.59% 4.59% 4.59% 4.59%
Excess Spread: Jun-02 12.03% 11.86% 7.52% 6.92%
May-02 13.36% 13.20% 8.42% 7.82%
Apr-02 13.20% 13.03% 8.52% 7.92%
3-Mo Avg Excess Spread 12.86% 12.70% 8.15% 7.55%
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Delinquents: 30 to 59 days 1.70% 1.70% 1.70% 1.70%
60 to 89 days 1.08% 1.08% 1.08% 1.08%
90+ days 2.17% 2.17% 2.17% 2.17%
Monthly Payment Rate 15.66% 15.66% 15.66% 15.66%
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Card Trust COMT 00-3 COMT 00-4 COMT 00-5 COMT 01-1
Deal Size $1000MM $1200MM $1250MM $1200MM
Expected Maturity(Class A): 08/15/2007 10/17/2005 10/15/2003 02/15/2008
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Excess Spread:
Portfolio Yield 20.77% 20.77% 20.77% 20.77%
LESS: (Wt Avg) Coupon 2.85% 5.92% 5.83% 2.30%
SVC Fees 2.00% 2.00% 2.00% 2.00%
Charge-Offs 4.59% 4.59% 4.59% 4.59%
Excess Spread: Jun-02 11.33% 8.26% 8.35% 11.88%
May-02 12.69% 9.09% 9.18% 13.11%
Apr-02 12.51% 9.23% 9.32% 13.00%
3-Mo Avg Excess Spread 12.18% 8.86% 8.95% 12.66%
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Delinquents: 30 to 59 days 1.70% 1.70% 1.70% 1.70%
60 to 89 days 1.08% 1.08% 1.08% 1.08%
90+ days 2.17% 2.17% 2.17% 2.17%
Monthly Payment Rate 15.66% 15.66% 15.66% 15.66%
Card Trust COMT 01-2 COMT 01-3 COMT 01-4 COMT 01-5
$1200MM $750MM $1000MM $1000MM
Expected Maturity(Class A): 03/15/2006 05/15/2006 06/15/2004 08/15/2006
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Excess Spread:
Portfolio Yield 20.77% 20.77% 20.77% 20.77%
LESS: (Wt Avg) Coupon 4.97% 4.98% 2.28% 4.86%
SVC Fees 2.00% 2.00% 2.00% 2.00%
Charge-Offs 4.59% 4.59% 4.59% 4.59%
Excess Spread: Jun-02 9.21% 9.20% 11.90% 9.32%
May-02 10.03% 10.03% 13.13% 10.16%
Apr-02 10.17% 10.17% 13.04% 10.29%
3-Mo Avg Excess Spread 9.80% 9.80% 12.69% 9.92%
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Delinquents: 30 to 59 days 1.70% 1.70% 1.70% 1.70%
60 to 89 days 1.08% 1.08% 1.08% 1.08%
90+ days 2.17% 2.17% 2.17% 2.17%
Monthly Payment Rate 15.66% 15.66% 15.66% 15.66%
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Card Trust COMT 01-6 COMT 01-7 COMT 01-8 COMT 02-1
Deal Size $1300MM $1000MM $1000MM $985MM
Expected Maturity(Class A): 08/15/2008 10/15/2004 10/16/2006 01/15/2009
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Excess Spread:
Portfolio Yield 20.77% 20.77% 20.77% 20.77%
LESS: (Wt Avg) Coupon 2.65% 3.64% 4.28% 2.33%
SVC Fees 2.00% 2.00% 2.00% 2.00%
Charge-Offs 4.59% 4.59% 4.59% 4.59%
Excess Spread: Jun-02 11.53% 10.54% 9.90% 11.85%
May-02 12.85% 11.38% 10.73% 13.08%
Apr-02 12.69% 11.51% 10.86% 12.97%
3-Mo Avg Excess Spread 12.36% 11.14% 10.50% 12.63%
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Delinquents: 30 to 59 days 1.70% 1.70% 1.70% 1.70%
60 to 89 days 1.08% 1.08% 1.08% 1.08%
90+ days 2.17% 2.17% 2.17% 2.17%
Monthly Payment Rate 15.66% 15.66% 15.66% 15.66%
Card Trust COMT 02-2 COMT 02-3 COMT 02-4
$620MM $1350MM $750MM
Expected Maturity(Class A): 03/15/2007 04/15/2005 05/15/2007
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Excess Spread:
Portfolio Yield 20.77% 20.77% 20.77%
LESS: (Wt Avg) Coupon 2.26% 2.47% 4.25%
SVC Fees 2.00% 2.00% 1.60%
Charge-Offs 4.59% 4.59% 4.59%
Excess Spread: Jun-02 11.92% 11.71% 10.33%
May-02 13.15% 13.70% N/A
Apr-02 14.04% N/A N/A
3-Mo Avg Excess Spread 13.04% N/A N/A
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Delinquents: 30 to 59 days 1.70% 1.70% 1.70%
60 to 89 days 1.08% 1.08% 1.08%
90+ days 2.17% 2.17% 2.17%
Monthly Payment Rate 15.66% 15.66% 15.66%
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
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