CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
2-Jul
Card Trust COMT 96-3 COMT 97-2
- ---------- --------- ---------
Deal Size $500MM $502MM
Expected Maturity(Class A): 1/15/2004 8/15/2002
Excess
Spread:
- -------------------------------------------------------------------------------------------------------
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 1.97% 1.94%
SVC Fees 1.50% 1.50%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 13.48% 13.51%
Spread:
Jun-02 12.50% 12.53%
May-02 13.73% 13.75%
3-Mo Avg Excess Spread 13.24% 13.26%
- -------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
CAPITAL ONE MASTER TRUST
Trust Excess Spread
Analysis
2-Jul
Card Trust COMT 98-1 COMT 98-4
- ---------- --------- ---------
Deal Size $591MM $750MM
Expected Maturity(Class A): 4/15/2008 11/15/2003
- -------------------------------------------------------------------------------------------------------
Excess
Spread:
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 6.08% 5.02%
SVC Fees 1.50% 1.50%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 9.37% 10.43%
Spread:
Jun-02 8.62% 9.70%
May-02 9.49% 10.52%
- -------------------------------------------------------------------------------------------------------
3-Mo Avg Excess Spread 9.16% 10.22%
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
Page 55 of 60
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
2-Jul
Card Trust COMT 99-1 COMT 99-3
- ---------- --------- ---------
Deal Size $625MM $500MM
Expected Maturity(Class A): 05/15/2004 38915
Excess
Spread:
- -------------------------------------------------------------------------------------------------------
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 2.38% 2.54%
SVC Fees 1.50% 1.50%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 13.07% 12.91%
Spread:
Jun-02 12.03% 11.86%
May-02 13.36% 13.20%
3-Mo Avg Excess Spread 12.82% 12.66%
- -------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
CAPITAL ONE MASTER TRUST
Trust Excess Spread
Analysis
2-Jul
Card Trust COMT 00-1 COMT 00-2
- --------- --------- ---------
Deal Size $600MM $750MM
Expected Maturity(Class A): 02/17/2003 06/15/2005
- -------------------------------------------------------------------------------------------------------
Excess
Spread:
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 7.16% 7.26%
SVC Fees 1.50% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 8.28% 7.68%
Spread:
Jun-02 7.52% 6.92%
May-02 8.42% 7.82%
- -------------------------------------------------------------------------------------------------------
3-Mo Avg Excess Spread 8.07% 7.47%
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
Page 56 of 60
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
2-Jul
Card Trust COMT 00-3 COMT 00-4
- ---------- --------- ---------
Deal Size $1000MM $1200MM
Expected Maturity(Class A): 08/15/2007 10/17/2005
Excess
Spread:
- -------------------------------------------------------------------------------------------------------
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 2.56% 5.96%
SVC Fees 2.00% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 12.39% 8.98%
Spread:
Jun-02 11.33% 8.26%
May-02 12.69% 9.09%
3-Mo Avg Excess Spread 12.14% 8.78%
- -------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
CAPITAL ONE MASTER TRUST
Trust Excess Spread
Analysis
2-Jul
Card Trust COMT 00-5 COMT 01-1
- ---------- --------- ---------
Deal Size $1250MM $1200MM
Expected Maturity(Class A): 10/15/2003 39493
- -------------------------------------------------------------------------------------------------------
Excess
Spread:
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 5.87% 2.09%
SVC Fees 2.00% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 9.07% 12.86%
Spread:
Jun-02 8.35% 11.88%
May-02 9.18% 13.11%
- ------------------------------------------ -------------------------------------------------
3-Mo Avg Excess Spread 8.87% 12.62%
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
Page 57 of 60
CAPITALONE MASTER TRUST
Trust Excess Spread Analysis
2-Jul
Card Trust COMT 01-2 COMT 01-3
- ---------- --------- ---------
Deal Size $1200MM $750MM
Expected Maturity(Class A): 38791 38852
Excess
Spread:
- -------------------------------------------------------------------------------------------------------
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 5.02% 5.02%
SVC Fees 2.00% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 9.92% 9.92%
Spread:
Jun-02 9.20% 9.20%
May-02 10.03% 9.20%
3-Mo Avg Excess Spread 9.72% 9.44%
- -------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
Capital ONE MASTER TRUST
Trust Excess Spread
Analysis
2-Jul
Card Trust COMT 01-4 COMT 01-5
- ---------- --------- ---------
Deal Size $1000MM $1000MM
Expected Maturity(Class A): 6/15/2004 38944
- -------------------------------------------------------------------------------------------------------
Excess
Spread:
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 2.07% 4.90%
SVC Fees 2.00% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 12.88% 10.05%
Spread:
Jun-02 11.90% 9.32%
May-02 13.13% 10.16%
- -------------------------------------------------------------------------------------------------------
3-Mo Avg Excess Spread 12.64% 9.84%
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
Page 58 of 60
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
2-Jul
Card Trust COMT 01-6 COMT 01-7
- ---------- --------- ---------
Deal Size $1300MM $1000MM
Expected Maturity(Class A): 39675 38275
Excess
Spread:
- -------------------------------------------------------------------------------------------------------
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 2.39% 3.68%
SVC Fees 2.00% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 12.56% 11.27%
Spread:
Jun-02 11.52% 10.54%
May-02 12.85% 11.38%
3-Mo Avg Excess Spread 12.31% 11.06%
- -------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
Capital ONE MASTER TRUST
Trust Excess Spread
Analysis
2-Jul
Card Trust COMT 01-8 COMT 02-1
- ---------- --------- ---------
Deal Size $1000MM $985MM
Expected Maturity(Class A): 10/16/2006 39828
- -------------------------------------------------------------------------------------------------------
Excess
Spread:
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 4.33% 2.12%
SVC Fees 2.00% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 10.62% 12.83%
Spread:
Jun-02 9.90% 11.85%
May-02 10.73% 13.08%
- -------------------------------------------------------------------------------------------------------
3-Mo Avg Excess Spread 10.42% 12.59%
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
Page 59 of 60
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
2-Jul
Card Trust COMT 02-2 COMT 02-3
- ---------- --------- ---------
Deal Size $620MM $1350MM
Expected Maturity(Class A): 39156 38457
Excess
Spread:
- -------------------------------------------------------------------------------------------------------
Portfolio Yield 20.85% 20.85%
LESS: (Wt Avg) Coupon 2.05% 2.21%
SVC Fees 2.00% 2.00%
Net Charge-Offs 3.91% 3.91%
Excess Jul-02 12.89% 12.73%
Spread:
Jun-02 11.92% 11.71%
May-02 13.15% 13.70%
3-Mo Avg Excess Spread 12.65% 12.71%
- -------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.72% 1.72%
60 to 89 days 1.19% 1.19%
90+ days 2.27% 2.27%
Gross Monthly Payment Rate 16.10% 16.10%
CAPITAL ONE MASTER TRUST
Trust Excess Spread
Analysis
2-Jul
Card Trust COMT 02-4
- ---------- ---------
Deal Size $750MM
Expected Maturity(Class A): 5/15/2007
- -------------------------------------------------------------------------------------------------------
Excess
Spread:
Portfolio Yield 20.85%
LESS: (Wt Avg) Coupon 4.60%
SVC Fees 2.00%
Net Charge-Offs 3.91%
Excess Jul-02 10.35%
Spread:
Jun-02 10.33%
May-02 #N/A
- -------------------------------------------------------------------------------------------------------
3-Mo Avg Excess Spread #N/A
Delinquents: 30 to 59 days 1.72%
60 to 89 days 1.19%
90+ days 2.27%
Gross Monthly Payment Rate 16.10%
CAPTIAL ONE MASTER TRUST
(**) 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 registration or an applicable exemption from
the registration requirements.
Capital One Master Trust performance statistics are also available at the
Capital One web site:
http://www.capitalone.com/about/invest/financials/abs.shtml
* Represents Non-US Denominated Transactions.
Page 60 of 60