1
EXHIBIT 20.15
CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - FEBRUARY 1998
Card Trust COMT 93-1 COMT 93-4 COMT 94-3 COMT 95-1 COMT 95-2* COMT 95-3
Deal Size $500MM $700MM $453MM $900MM $375MM $1050MM
Expected Maturity: 10/15/98 1/15/99 6/15/99 6/15/00 8/15/98 8/15/00
(NON-US
TRANSACTION)
- --------------------------------------------------------------------------------------------------------------------------------
Excess Spread:
Portfolio Yield 21.79% 21.79% 21.79% 21.79% 21.79% 21.79%
LESS: (Wt Avg) Coupon 5.21% 6.15% 6.30% 6.06% 5.98% 6.02%
SVC Fees 1.90% 1.90% 1.90% 1.90% 1.90% 1.90%
Charge-Offs 7.15% 7.15% 7.15% 7.15% 7.15% 7.15%
Excess Spread: Feb-02 7.53% 6.59% 6.44% 6.68% 6.76% 6.72%
Jan-02 5.28% 4.90% 4.74% 4.85% 4.92% 4.88%
Dec-01 2.60% 1.73% 1.56% 1.68% 1.75% 1.71%
3-Mo Avg Excess Spread 5.14% 4.41% 4.25% 4.40% 4.48% 4.44%
- --------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 2.34% 2.34% 2.34% 2.34% 2.34% 2.34%
60 to 89 days 1.47% 1.47% 1.47% 1.47% 1.47% 1.47%
90+ days 3.08% 3.08% 3.08% 3.08% 3.08% 3.08%
Monthly Payment Rate 10.49% 10.49% 10.49% 10.49% 10.49% 10.49%
Card Trust COMT 95-4 COMT 96-1* COMT 96-2 COMT 96-3 COMT 97-1* COMT 97-2*
Deal Size $750MM $845MM $750MM $500MM $608MM $502MM
Expected Maturity: 5/15/98 8/15/01 12/15/01 1/15/04 6/15/02 8/15/02
(NON-US (NON-US (NON-US
TRANSACTION) TRANSACTION) TRANSACTION)
- --------------------------------------------------------------------------------------------------------------------------------
Excess Spread:
Portfolio Yield 21.79% 21.79% 21.79% 21.79% 21.79% 21.79%
LESS: (Wt Avg) Coupon 5.65% 6.12% 6.11% 6.14% 6.26% 6.07%
SVC Fees 1.90% 1.40% 1.40% 1.40% 1.40% 1.40%
Charge-Offs 7.15% 7.15% 7.15% 7.15% 7.15% 7.15%
Excess Spread: Feb-02 7.09% 7.12% 7.13% 7.10% 6.98% 7.17%
Jan-02 5.09% 5.10% 5.34% 5.30% 5.16% 5.15%
Dec-01 2.24% 2.32% 2.24% 2.21% 2.38% 2.37%
3-Mo Avg Excess Spread 4.81% 4.85% 4.90% 4.87% 4.84% 4.90%
- --------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 2.34% 2.34% 2.34% 2.34% 2.34% 2.34%
60 to 89 days 1.47% 1.47% 1.47% 1.47% 1.47% 1.47%
90+ days 3.08% 3.08% 3.08% 3.08% 3.08% 3.08%
Monthly Payment Rate 10.49% 10.49% 10.49% 10.49% 10.49% 10.49%
* 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.
COMMENTS:
Page 35 of 35