.
.
.
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 96-3 COMT 98-1
Deal Size $500MM $591MM
Expected Maturity(Class A): 1/15/2004 4/15/2008
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 1.76% 6.02%
SVC Fees 1.50% 1.50%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 10.43% 6.16%
Jan-03 10.14% 5.41%
Dec-02 11.40% 6.98%
3-Mo Avg Excess Spread 10.66% 6.18%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 98-4 COMT 99-1
Deal Size $750MM $625MM
Expected Maturity(Class A): 11/15/2003 05/15/2004
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 4.89% 2.31%
SVC Fees 1.50% 1.50%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 7.29% 9.87%
Jan-03 6.49% 9.74%
Dec-02 8.07% 10.94%
3-Mo Avg Excess Spread 7.28% 10.18%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
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Page 51 of 57
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 99-3 COMT 00-2*
Deal Size $500MM $750MM
Expected Maturity(Class A): 7/17/06 06/15/2005
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 2.48% 7.26%
SVC Fees 1.50% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 9.70% 4.42%
Jan-03 9.58% 3.70%
Dec-02 10.77% 5.25%
3-Mo Avg Excess Spread 10.01% 4.46%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 00-3 COMT 00-4
Deal Size $1000MM $1200MM
Expected Maturity(Class A): 08/15/2007 10/17/2005
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 2.51% 5.82%
SVC Fees 2.00% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 9.18% 5.86%
Jan-03 9.07% 5.06%
Dec-02 10.25% 6.65%
3-Mo Avg Excess Spread 9.50% 5.85%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
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Page 52 of 57
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 00-5 COMT 01-1
Deal Size $1250MM $1200MM
Expected Maturity(Class A): 10/15/2003 2/15/08
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 5.73% 1.88%
SVC Fees 2.00% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 5.95% 9.80%
Jan-03 5.15% 9.51%
Dec-02 6.74% 10.78%
3-Mo Avg Excess Spread 5.95% 10.03%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 01-2 COMT 01-3
Deal Size $1200MM $750MM
Expected Maturity(Class A): 3/15/06 5/15/06
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 4.87% 4.90%
SVC Fees 2.00% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 6.81% 6.78%
Jan-03 5.99% 5.98%
Dec-02 7.59% 7.57%
3-Mo Avg Excess Spread 6.80% 6.78%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
Page 53 of 57
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 01-4 COMT 01-5
Deal Size $1000MM $1000MM
Expected Maturity(Class A): 6/15/04 8/15/06
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 1.86% 4.77%
SVC Fees 2.00% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 9.83% 6.91%
Jan-03 9.56% 6.11%
Dec-02 10.87% 6.11%
3-Mo Avg Excess Spread 10.08% 6.38%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 01-6 COMT 01-7
Deal Size $1300MM $1000MM
Expected Maturity(Class A): 8/15/08 10/15/04
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 2.30% 3.55%
SVC Fees 2.00% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 9.38% 8.13%
Jan-03 9.23% 7.33%
Dec-02 10.43% 8.92%
3-Mo Avg Excess Spread 9.68% 8.13%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
Page 54 of 57
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 01-8 COMT 02-1
Deal Size $1000MM $985MM
Expected Maturity(Class A): 10/16/06 1/15/09
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 4.20% 1.91%
SVC Fees 2.00% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 7.48% 9.77%
Jan-03 6.68% 9.49%
Dec-02 8.27% 10.75%
3-Mo Avg Excess Spread 7.48% 10.00%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 02-2 COMT 02-3
Deal Size $620MM $1350MM
Expected Maturity(Class A): 3/15/07 4/15/05
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72% 18.72%
LESS: (Wt Avg) Coupon 1.84% 2.12%
SVC Fees 2.00% 2.00%
Net Charge-Offs 5.03% 5.03%
Excess Spread: Feb-03 9.84% 9.57%
Jan-03 9.55% 9.38%
Dec-02 10.82% 10.60%
3-Mo Avg Excess Spread 10.07% 9.85%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63% 1.63%
60 to 89 days 1.19% 1.19%
90+ days 2.66% 2.66%
Gross Monthly Payment Rate 16.37% 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
Page 55 of 57
- -----------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MASTER TRUST
Trust Excess Spread Analysis
February-03
Card Trust COMT 02-4
Deal Size $750MM
Expected Maturity(Class A): 5/15/07
- -------------------------------------------------------------------------------------------------------------
Portfolio Yield 18.72%
LESS: (Wt Avg) Coupon 4.47%
SVC Fees 2.00%
Net Charge-Offs 5.03%
Excess Spread: Feb-03 7.21%
Jan-03 6.40%
Dec-02 8.00%
3-Mo Avg Excess Spread 7.20%
- -------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.63%
60 to 89 days 1.19%
90+ days 2.66%
Gross Monthly Payment Rate 16.37%
- -----------------------------------------------------------------------------------------------------------------------------------
Page 56 of 57
CAPITAL ONE MASTER TRUST
(*) The early amortization excess spread calculation is 4.46%, which should be
compared with the trigger of 0%. The Note Reserve account excess spread
calculation is 4.53%, which should be compared with the trigger of 4.5%. The two
excess spread calculations are different because of different day-count
conventions, as specified in the governing transaction documents.
(**) 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 57 of 57