Exhibit 28.4
MONTHLY SERIES 1999-1 CERTIFICATEHOLDERS' STATEMENT
THE FIRST NATIONAL BANK OF ATLANTA
---------------------------------------------------
WACHOVIA CREDIT CARD MASTER TRUST
---------------------------------------------------
Listed below is the information which is required to be prepared with
respect to the distribution date of November 15, 1999 and with respect to the
performance of the Trust during the related Monthly period.
Capitalized terms used in this Statement have their respective meanings
set forth in the Pooling and Servicing Agreement.
D. Information Regarding the Current Monthly Distribution (Stated on the
Basis of $1,000 Original Certificate Principal Amount)
1. The amount of the current monthly
distribution in respect of Class A
Monthly Principal $0.00
2. The amount of the currently monthly
distribution in respect of Class B
Monthly Principal $0.00
3. The amount of the currently monthly
distribution in respect of Collateral
Monthly Principal $0.00
4. The amount of the currently monthly
distribution in respect of Class A
Monthly Interest $4.78
5. The amount of the currently monthly
distribution in respect of Class A
Deficiency Amounts $0.00
6. The amount of the currently monthly
distribution in respect of Class A
Additional Interest $0.00
7. The amount of the currently monthly
1
distribution in respect of Class B $5.00
Monthly Interest
8. The amount of the currently monthly
distribution in respect of Class B
Deficiency Amounts $0.00
9. The amount of the currently monthly
distribution in respect of Class B
Additional Interest $0.00
10. The amount of the currently monthly
distribution in respect of Collateral
Monthly Interest $5.56
11. The amount of the currently monthly
distribution in respect of any
accrued and unpaid Collateral
Monthly Interest $0.00
E. Information Regarding the Performance of the Trust
1. Collection of Principal Receivables
(a) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect
of the Class A Certificates $77,056,883.25
(b) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect
of the Class B Certificates $5,344,988.56
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
2
which are allocated in respect
of the Collateral Interest $6,681,234.46
2. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the
end of the day on the last day
of the related Monthly Period $2,632,731,461.66
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1999-1 as
of the end of the day on the last day
of the related Monthly Period $895,953,800.00
(c) The amount of Principal Receivables
in the Trust represented by the
Series 1999-1 Adjusted Investor
Interest as of the end of the day
on the last day of the related
Monthly Period $895,953,800.00
(d) The amount of Principal Receivables
in the Trust represented by the
Class A Investor Interest as of the
end of the day on the last day of
the related Monthly Period $775,000,000.00
(e) The amount of Principal Receivables
in the Trust represented by the
Class A Adjusted Investor Interest as
of the end of day on the last day
of the related Monthly Period $775,000,000.00
(f) The amount of Principal Receivables
in the Trust represented by the
Class B Investor Interest as of the
end of the day on the last day
3
of the related Monthly Period $53,757,250.00
(g) The amount of Principal Receivables
in the Trust represented by the
Collateral Interest as of the end of
the date on the last day of the
related Monthly Period $67,196,550.00
(h) The Floating Investor Percentage
with respect to the related
Monthly Period 33.6583%
(i) The Class A Floating Allocation
with respect to the related
Monthly Period 86.5000%
(j) The Class B Floating Allocation
with respect to the related
Monthly Period 6.0000%
(k) The Collateral Floating Allocation
with respect to the related
Monthly Period 7.5000%
(l) The Fixed Investor Percentage
with respect to the related
Monthly Period 33.6583%
(m) The Class A Fixed Allocation
with respect to the related
Monthly Period 86.5000%
(n) The Class B Fixed Allocation
with respect to the related
Monthly Period 6.0000%
(o) The Collateral Fixed Allocation
with respect to the related
Monthly Period 7.5000%
3. Delinquent Balances
-------------------
The aggregate amount of outstanding balances in the Accounts
which were delinquent as of the end of the day on the last day
of the related Monthly Period:
4
Aggregate Percentage
Account of Total
Balance Receivables
------- -----------
(a) 30 - 59 days: $29,765,924.44 1.1163%
---------------
(b) 60 - 89 days: $17,354,057.78 0.6508%
---------------
(c) 90 - or more days: $28,302,186.09 1.0614%
---------------
Total: $75,422,168.31 2.8286%
---------------
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default
Amount for the related Monthly
Period $3,249,872.44
(b) The Class A Investor Default
Amount for the related Monthly
Period $2,811,139.53
(c) The Class B Investor Default
Amount for the related Monthly
Period $194,992.43
(d) The Collateral Default Amount
for the related Monthly Period $243,740.49
5. Investor Charge Offs
--------------------
(a) The aggregate amount of
Class A Investor Charge-Offs
for the related Monthly Period $0.00
(b) The aggregate amount of Class A
Investor Charge-Offs set forth in
5 (a) above per $1,000 of original
Certificate principal amount $0.00
(c) The aggregate amount of Class B
Investor Charge-Offs for
the related Monthly Period $0.00
5
(d) The aggregate amount of Class
B Investor Charge-Offs set forth
in 5 (c) above per $1,000 of
original certificate principal
amount $0.00
(e) The aggregate amount of
Collateral Charge-Offs for the
related Monthly Period $0.00
(f) The aggregate amount of
Collateral Charge-Offs set
forth in 5 (e) above per $1,000
of original certificate principal
amount $0.00
(g) The aggregate amount of Class A
Investor Charge-Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date $0.00
(h) The aggregate amount of Class A
Investor Charge-Offs set forth
in 5 (g) above per $1,000 original
certificate principal amount re-
imbursed on the Transfer Date
immediately preceding this
Distribution Date $0.00
(i) The aggregate amount of Class B
Investor Charge-Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date $0.00
(j) The aggregate amount of Class B
Investor Charge-Offs set forth
in 5 (i) above per $1,000 original
certificate principal amount re-
imbursed on the Transfer Date
immediately preceding this
Distribution Date $0.00
(k) The aggregate amount of
Collateral Charge-Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date $0.00
6
(l) The aggregate amount of Collateral
Charge-Offs set forth in 5(k) above
per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
Distribution Date $0.00
6. Investor Servicing Fee
(a) The amount of the Class A
Servicing Fee payable by the
Trust to the Servicer for
the related Monthly Period $645,833.33
(b) The amount of the Class B
Servicing Fee payable by the
Trust to the Servicer for
the related Monthly Period $44,797.71
(c) The amount of the Collateral
Interest Servicing Fee payable
by the Trust to the Servicer for
the related Monthly Period $55,997.13
7. Reallocations
(a) The amount of Reallocated
Collateral Principal
Collections with respect to
this Distribution Date $0.00
(b) The amount of Reallocated Class B
Principal Collections with respect
to this Distribution Date $0.00
(c) The Collateral Interest as
of the close of business on
this Distribution Date $67,196,550.00
(d) The Class B Investor Interest
as of the close of business
on this Distribution Date $53,757,250.00
7
8. Collection of Finance Charge Receivables
(a) The aggregate amount of Collections
of Finance Charge Receivables
processed during the related Monthly
Period which were allocated in respect
of the Class A Certificate $10,213,531.91
(b) The aggregate amount of Collections
of Finance Charge Receivables processed
during the related Monthly Period
which were allocated in respect of
the Class B Certificates $708,453.40
(c) The aggregate amount of Collections
of Finance Charge Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $885,566.59
9. Principal Funding Amount
(a) The principal amount on deposit in
the Principal Funding Account on the
related Transfer Date $0.00
(b) The Accumulation Shortfall with
respect to the related Monthly Period $0.00
(c) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date $0.00
(d) The amount of all or the portion
of the Reserve Draw Amount deposited
in the Finance Charge Account on the
related Transfer Date from
the Reserve Account $0.00
8
10. Reserve Draw Amount $0.00
11. Available Funds
(a) The amount of Class A
Available Funds on deposit
in the Finance Charge Account
on the related Transfer Date $10,213,531.91
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $708,453.40
(c) The amount of Collateral
Available Funds on deposit in
the Finance Charge Account on
the related Transfer Date $885,566.59
12. Portfolio Yield
(a) The Portfolio Yield for the
related Monthly Period 12.4618%
(b) The Portfolio Adjusted Yield
for the related Monthly Period 6.0310%
9
F. Floating Rate Determinations
1. LIBOR for the interest Period
ending on this Distribution Date 5.40625%
THE FIRST NATIONAL BANK
OF ATLANTA
SERVICER
By: Michael L. Scheuerman
Title: Senior Vice President
10