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CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - SEPTEMBER-98
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 $60MM $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 20.65% 20.65% 20.65% 20.65% 20.65% 20.65%
LESS: (Wt Avg) Coupon 4.23% 5.83% 5.99% 5.82% 5.86% 5.78%
SVC Fees 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
Charge-Offs 5.56% 5.56% 5.56% 5.56% 5.56% 5.56%
Excess Spread: Sep-98 8.86% 7.26% 7.10% 7.27% 7.23% 7.31%
Aug-98 8.06% 6.94% 6.78% 6.97% 7.00% 7.01%
Jul-98 7.24% 6.82% 6.65% 6.76% 7.49% 6.79%
3-Mo Avg Excess Spread 8.05% 7.01% 6.84% 7.00% 7.24% 7.04%
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Delinquents: 30 to 59 days 1.81% 1.81% 1.81% 1.81% 1.81% 1.81%
60 to 89 days 1.14% 1.14% 1.14% 1.14% 1.14% 1.14%
90+ days 2.28% 2.28% 2.28% 2.28% 2.28% 2.28%
Monthly Payment Rate 10.48% 10.48% 10.48% 10.48% 10.48% 10.48%
Card Trust COMT 96-1* COMT 96-2 COMT 96-3 COMT 97-1* COMT 97-2* COMT 98-1
Deal Size $845MM $750MM $500MM $608MM $502MM $591MM
Expected Maturity: 8/15/01 12/15/01 1/15/04 6/15/02 8/15/02 4/15/08
(NON-US (NON-US (NON-US
TRANSACTION) TRANSACTION) TRANSACTION)
- -------------------------------------------------------------------------------------------------------------------------
Excess Spread:
Portfolio Yield 20.65% 20.65% 20.65% 20.65% 20.65% 20.65%
LESS: (Wt Avg) Coupon 5.84% 5.75% 5.78% 5.58% 5.79% 6.33%
SVC Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 5.56% 5.56% 5.56% 5.56% 5.56% 5.56%
Excess Spread: Sep-98 7.75% 7.84% 7.81% 8.01% 7.80% 7.26%
Aug-98 7.49% 7.54% 7.51% 7.60% 7.54% 7.09%
Jul-98 7.29% 7.32% 7.29% 7.40% 7.34% 6.58%
3-Mo Avg Excess Spread 7.51% 7.57% 7.54% 7.67% 7.56% 6.98%
- -------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.81% 1.81% 1.81% 1.81% 1.81% 1.81%
60 to 89 days 1.14% 1.14% 1.14% 1.14% 1.14% 1.14%
90+ days 2.28% 2.28% 2.28% 2.28% 2.28% 2.28%
Monthly Payment Rate 10.48% 10.48% 10.48% 10.48% 10.48% 10.48%
Card Trust COMT 98-2* COMT 98-3*
Deal Size $502MM $464MM
Expected Maturity: 8/10/99 8/16/01
(NON-US (NON-US
TRANSACTION) TRANSACTION)
- -------------------------------------------------------------------
Excess Spread:
Portfolio Yield 20.65% 20.65%
LESS: (Wt Avg) Coupon 5.55% 5.87%
SVC Fees 1.50% 1.50%
Charge-Offs 5.56% 5.56%
Excess Spread: Sep-98 8.04% 7.72%
Aug-98 7.03% 6.77%
Jul-98 N/A N/A
3-Mo Avg Excess Spread 7.54% 7.25%
- -------------------------------------------------------------------
Delinquents: 30 to 59 days 1.81% 1.81%
60 to 89 days 1.14% 1.14%
90+ days 2.28% 2.28%
Monthly Payment Rate 10.48% 10.48%
* 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:
On October 15, 1998, the Expected Maturity Date, Series 1995-2 will receive
final repayment of B and enhancement class. Also on October 15, 1998, the
Expected Maturity Date, Series 1993-1 will receive final repayment of the A
class.
Capital One Master Trust performance statistics are also available at the
Capital One web site: http://www.capitalone.com (Under "For Investors" section)
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