<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 15, 1996
NATIONSBANK OF DELAWARE, N.A.
-----------------------------
(Exact name of registrant as specified in its charter)
(Originator of the NationsBank Credit Card Master Trust)
United States 33-69572 51-0313900
------------- -------- ----------
(State or other (Commission File (I.R.S. employer
Jurisdiction of Number) Identification No.)
Incorporation
Blue Hen Corporate Center, Route 113
Dover, Delaware 19901
(Address of principal executive offices)
----------------------------------------
Registrant's telephone number including area code: (302) 672-4321
<PAGE>
Exhibit Index appears on Page 4
Item 5. Other Events
------------
The Registrant hereby incorporates by reference the information
contained in Exhibit 28 hereto in response to this Item 5.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
-----------------------------------------------------------------
(c) Exhibits
99A Monthly Certificateholder's Statement --
NationsBank Credit Card Master Trust
$750,000,000 Class A 4.75% Asset Backed
Certificates, Series 1993-1
99B Monthly Certificateholder's Statement --
NationsBank Credit Card Master Trust
$47,873,000 Class B 4.875% Asset Backed
Certificates, Series 1993-1
99C Monthly Certificateholder's Statement --
NationsBank Credit Card Master Trust
$500,000,000 Class A 6.0% Asset Backed
Certificates, Series 1993-2
99D Monthly Certificateholder's Statement --
NationsBank Credit Card Master Trust
$31,915,000 Class B 6.25% Asset Backed
Certificates, Series 1993-2
99E Monthly Certificateholder's Statement --
NationsBank Credit Card Master Trust
$1,000,000,000 Class A 6.45% Asset Backed
Certificates, Series 1995-1
99F Monthly Certificateholder's Statement --
NationsBank Credit Card Master Trust
$51,137,000 Class B 6.625% Asset Backed
Certificates, Series 1995-1
99G Monthly Certificateholder's Statement --
NationsBank Credit Card Master Trust
$85,228,000 Collateral Indebtedness
Interest, Series 1995-1
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
NATIONSBANK OF DELAWARE, N.A.
-----------------------------
(Registrant)
Dated: By: \s\ Leslie J. Fitzpatrick
Name: Leslie J.Fitzpatrick
Title: Senior Vice President
(Duly Authorized Officer)
<PAGE>
Sequentially
Exhibit Numbered
Number Exhibit Page
- ------- ------- ------------
99A Monthly Certificateholder's Statement -- Exhibit 99
NationsBank Credit Card Master Trust A & B
$750,000,000 Class A 4.75% Asset Backed
Certificates, Series 1993-1
99B Monthly Certificateholder's Statement -- Exhibit 99
NationsBank Credit Card Master Trust A & B
$47,873,000 Class B 4.875% Asset Backed
Certificates, Series 1993-1
99C Monthly Certificateholder's Statement -- Exhibit 99
NationsBank Credit Card Master Trust C & D
$500,000,000 Class A 6.0% Asset Backed
Certificates, Series 1993-2
99D Monthly Certificateholder's Statement -- Exhibit 99
NationsBank Credit Card Master Trust C & D
$31,915,000 Class B 6.25% Asset Backed
Certificates, Series 1993-2
99E Monthly Certificateholder's Statement -- Exhibit 99
NationsBank Credit Card Master Trust E,F,&G
$1,000,000,000 Class A 6.45% Asset Backed
Certificates, Series 1995-1
99F Monthly Certificateholder's Statement -- Exhibit 99
NationsBank Credit Card Master Trust E,F,&G
$51,137,000 Class B 6.625% Asset Backed
Certificates, Series 1995-1
99G Monthly Certificateholder's Statement -- Exhibit 99
NationsBank Credit Card Master Trust E,F,&G
$85,228,000 Collateral Indebtedness
Interest, Series 1995-1
<PAGE>
<TABLE>
Statement to Certificateholders Exhibit 99 A & B
NationsBank Credit Card Master Trust -- Series 1993-1
- -----------------------------------------------------
MONTHLY CERTIFICATEHOLDERS STATEMENT
NATIONSBANK OF DELAWARE, N/A
NATIONSBANK CREDIT CARD MASTER TRUST
SERIES 1993-1
------------------------------------------------------------------
Pursuant to the Master Pooling and Servicing Agreement, dated as
of December 1, 1993 (as amended or supplemented, the "Pooling and
Servicing Agreement"), as supplemented by the Series 1993-1
Supplement, dated as of December 1, 1993 (the "Supplement" and,
together with the Pooling and Servicing Agreement, the
"Agreement"), each between NationsBank of Delaware, N.A. as
Transferor and Servicer, and The Bank of New York, as Trustee,
the Servicer is required to prepare certain information each month
regarding distributions to Certificateholders and the
performance of the Trust. The information with respect to the
applicable Distribution Date and Due Period is set forth below.
- --------------------------------------------------------------------------------
<CAPTION>
Due Period Apr-96
Determination Date 08-May-96
Transfer Date 14-May-96
Distribution Date 15-May-96
Amortization Period? Yes
Class A Accumulation Period? Yes
Class B Accumulation Period? No
Early Amortization Period? No
- --------------------------------------------------------------------------------
A Receivables for Due Period
<S> <C>
A(1) Beginning Principal Receivables 4,012,517,261.87
Beginning Finance Charge Receivables
(excluding Interchange) 46,747,195.55
Beginning Discount Receivables 0.00
-----------------
Beginning Receivables 4,059,264,457.42
A(2) Removed Principal Receivables 0.00
Removed Finance Charge Receivables
(excluding Interchange) 0.00
-----------------
Removed Receivables 0.00
A(3) Principal Receivables with respect to
Additional Accounts 0.00
Finance Charge Receivables with respect to
Additional Accounts (excluding Interchange) 0.00
-----------------
Receivables with respect to Additional Accounts 0.00
A(4) Principal Receivables billed 413,041,433.04
Finance Charge Receivables billed (excluding
Interchange) 59,125,653.23
-----------------
Receivables billed 472,167,086.27
A(5) Discount Receivables Generated 0.00
A(6) Collections of Principal Receivables 418,843,759.37
Collections of Finance Charge Receivables
(excluding Interchange) 55,313,711.91
-----------------
Total Collections 474,157,471.28
A(7) Default Amount (excluding Recoveries) 24,302,675.16
A(8) Ending Principal Receivables 3,982,412,260.38
Ending Finance Charge Receivables (excluding
Interchange) 50,559,136.87
Ending Discount Receivables 0.00
-----------------
Ending Receivables 4,032,971,397.25
A(9) Beginning Aggregate Invested Amount 2,466,152,375.00
Beginning Aggregate Invested Percentage 61.46%
A(10) Beginning Transferor Amount 1,733,864,886.87
Net Change in Transferor Amount (467,605,001.49)
-----------------
Ending Transferor Amount 1,266,259,885.38
Beginning Transferor Interest Percentage 43.21%
A(11) Collections of Finance Charge Receivables
allocable to Interchange 3,707,570.84
- --------------------------------------------------------------------------------
B Delinquencies and Losses for Due Period
B(1) Delinquent Accounts
30-59 Days Delinquent 20,769
60-89 Days Delinquent 11,928
90-119 Days Delinquent 9,022
120+ Days Delinquent 13,410
B(2) Defaulted Accounts 6,450
B(3) Delinquent Receivables
30-59 Days Delinquent 64,680,467.38
60-89 Days Delinquent 40,600,203.64
90-119 Days Delinquent 32,401,505.00
120+ Days Delinquent 49,324,776.74
B(4) Default Amount 21,015,210.61
- --------------------------------------------------------------------------------
C Base Rate and Portfolio Yield
C(1) Base Rate (Current Due Period) 6.76%
Base Rate (Prior Due Period) 6.76%
Base Rate (Two Due Periods Ago) 6.76%
Three Month Average Base Rate 6.76%
C(2) Portfolio Yield (Current Due Period) 9.13%
Portfolio Yield (Prior Due Period) 10.67%
Portfolio Yield (Two Due Periods Ago) 12.37%
Three Month Average Portfolio Yield 10.72%
- --------------------------------------------------------------------------------
D Series 1993-1 Invested Amount
D(1) Class A Initial Invested Amount 750,000,000.00
Class B Initial Invested Amount 47,873,000.00
---------------
Initial Invested Amount 797,873,000.00
D(2) Class A Invested Amount as of the beginning of
the Due Period 750,000,000.00
Class B Invested Amount as of the beginning of
the Due Period 47,873,000.00
---------------
Invested Amount as of the beginning of the Due
Period 797,873,000.00
D(3) Class A Invested Amount at the end of revolving
period 750,000,000.00
Class B Invested Amount at the end of revolving
period 47,873,000.00
---------------
Invested Amount at the end of revolving period 797,873,000.00
D(4) Principal Funding Account Balance as of end of day
on preceding Distribution Date 250,000,000.00
Deposits to Principal Funding Account 62,500,000.00
Principal Funding Investment Proceeds 882,150.06
Withdrawals from Principal Funding Account 0.00
Allocation of Principal Funding Investment
Proceeds 882,150.06
---------------
Principal Funding Account Balance as of end of
day on current Distribution Date 312,500,000.00
D(5) Class A Adjusted Invested Amount as of the
beginning of the Due Period 500,000,000.00
Class B Adjusted Invested Amount as of the
beginning of the Due Period 47,873,000.00
---------------
Adjusted Invested Amount as of the beginning of
the Due Period 547,873,000.00
D(6) Enhancement Initial Invested Amount 0.00
Enhancement Invested Amount 0.00
D(7) Floating Allocation Percentage 13.65%
D(8) Principal Allocation Percentage 19.88%
- --------------------------------------------------------------------------------
E Servicing Fee Calculation
E(1) Servicing Base Amount 547,873,000.00
E(2) Servicer Interchange 342,420.63
Class A Servicing Fee 520,821.77
Class B Servicing Fee 49,879.27
---------------
Subtotal 913,121.67
Investor Monthly Servicing Fee 913,121.67
---------------
Shortfall of Servicer
Interchange 0.00
E(3) Investor Default Amount 2,868,576.25
E(4) Monthly Cash Collateral Fee 17,021.62
- --------------------------------------------------------------------------------
F Reserve Account
F(1) Reserve Account Balance as of end of day on
preceding Distribution Date 7,978,730.00
Deposits to Reserve Account 0.00
Interest earnings on Reserve Account 31,906.94
Withdrawals from Reserve Account 31,906.94
-------------
Reserve Account Balance as of end of day on current
Distribution Date 7,978,730.00
F(2) Required Reserve Account Amount 7,978,730.00
F(3) Available Reserve Account Amount 7,978,730.00
F(4) Reserve Draw Amount 0.00
F(5) Reserve Account Surplus 31,906.94
F(6) Covered Amount 989,583.33
- --------------------------------------------------------------------------------
G Cash Collateral Account
G(1) Initial Shared Collateral Amount 39,894,167.00
Initial Class B Collateral Amount 7,978,833.00
--------------
Initial Cash Collateral Amount 47,873,000.00
G(2) Cash Collateral Account balance as of end of day
on preceding Distribution Date 47,873,000.00
Deposits to Cash Collateral Account 0.00
Withdrawals from Cash Collateral Account 0.00
--------------
Cash Collateral Account balance as of end of day
on current Distribution Date 47,873,000.00
G(3) Cash Collateral Account Surplus 0.00
G(4) Available Shared Collateral Amount 39,894,167.00
Available Cash Collateral Amount 47,873,000.00
G(5) Required Draw Amount 0.00
Interest Draw Amount 0.00
Servicing Draw Amount 0.00
Default Draw Amount 0.00
Reimbursement Draw Amount/Special Draw Amount/
Class A&B Principal Draw Amount 0.00
--------------
Total Draw Amount 0.00
- --------------------------------------------------------------------------------
H Allocation of Class A Available Funds
H(1) Class A Floating Percentage 91.26%
H(2) Principal Funding Investment Proceeds (if
applicable to Class A) 882,150.06
Class A Finance Charge Collections (excluding
Interchange) 6,890,423.56
Class A allocation of Servicer Interchange 461,851.73
Reserve Draw Amount (if applicable to Class A) 0.00
-------------
Class A Available Funds 8,234,425.35
H(3) Class A Monthly Interest 2,968,750.00
-------------
Class A Interest Shortfall 0.00
H(4) Class A Additional Interest 0.00
Class A Servicing Fee 520,821.77
Class A allocation of Servicer Interchange 312,493.06
Class A Investor Default Amount 2,617,862.69
H(5) Distribution of Class A Available Funds
Class A Monthly Interest plus amounts
previously due but not distributed 2,968,750.00
Class A Additional Interest plus amounts
previously due but not distributed 0.00
Class A Servicing Fee plus amounts
previously due but not distributed 520,821.77
Class A allocation of Servicer Interchange 312,493.06
Class A Investor Default Amount 2,617,862.69
-------------
Total Class A Excess Spread 1,814,497.83
H(6) Required Amount 0.00
- --------------------------------------------------------------------------------
I Allocation of Class B Available Funds
I(1) Class B Floating Percentage 8.74%
I(2) Principal Funding Investment Proceeds (if
applicable to Class B) 0.00
Class B Finance Charge Collections (excluding
Interchange) 659,898.11
Class B allocation of Servicer Interchange 44,231.69
Reserve Draw Amount (if applicable to Class B) 0.00
-----------
Class B Available Funds 704,129.80
I(3) Class B Monthly Interest 194,484.06
-----------
Class B Interest Shortfall 0.00
I(4) Class B Additional Interest 0.00
Class B Servicing Fee 49,879.27
Class B allocation of Servicer Interchange 29,927.57
I(5) Distribution of Class B Available Funds
Class B Monthly Interest plus amounts
previously due but not distributed 194,484.06
Class B Additional Interest plus amounts
previously due but not distributed 0.00
Class B Servicing Fee plus amounts
previously due but not distributed 49,879.27
Class B allocation of Servicer Interchange 29,927.58
-----------
Total Class B Excess Spread 429,838.89
I(6) Class B Investor Default Amount 250,713.56
- --------------------------------------------------------------------------------
J Excess Spread and Excess Finance Charge Collections
J(1) Total Excess Spread 2,244,336.72
Excess Finance Charge Collections allocated from
other series 0.00
-------------
Subtotal 2,244,336.72
J(2) Applied to Required Amount 0.00
Applied to Class A Investor Charge Offs 0.00
Applied to Class B Monthly Interest & Additional
Interest 0.00
Applied to Class B Servicing Fee 0.00
Applied to Class B Investor Default Amount 250,713.56
Applied to Class B Invested Amount reductions 0.00
Applied to Enhancement Invested Amount reductions 0.00
Applied to Cash Collateral Account 0.00
Applied to Monthly Cash Collateral Fee 17,021.62
Applied to Reserve Account 0.00
Applied to Cash Collateral Depositor 1,976,601.54
-------------
Total Excess Finance Charge
Collections 0.00
J(3) Finance Charge Shortfall 882,150.04
J(4) Portion of Shared Collateral Amount applied to
Required Amount 0.00
Portion of Reallocated Principal Collections
applied to Required Amount 0.00
- --------------------------------------------------------------------------------
K Allocation of Principal Collections
K(1) Available Principal Collections 86,134,715.61
Excess Principal Collections with respect to other
Series 0.00
--------------
Subtotal 86,134,715.61
K(2) Class A Principal Percentage 94.00%
Class A Monthly Principal 62,500,000.00
K(3) Class B Principal Percentage 6.00%
Class B Monthly Principal 0.00
K(4) Allocation of Principal Collections
Deposit to Principal Funding Account 62,500,000.00
Distribution to Cash Collateral Depositor 0.00
Excess Principal Collections 23,634,715.61
Principal Shortfall 0.00
K(5) Reallocated Principal Collections pursuant to
Section 4.9(a) 0.00
K(6) Amount by which Class B Invested Amount was reduced
pursuant to 4.7(a) 0.00
- --------------------------------------------------------------------------------
L Accumulation Period
L(1) Controlled Accumulation Amount (Class A) 62,500,000.00
Deficit Controlled Accumulation Amount (Class A) 0.00
--------------
Controlled Deposit Amount (Class A) 62,500,000.00
L(2) Controlled Accumulation Amount (Class B) N/A
Deficit Controlled Accumulation Amount (Class B) N/A
--------------
Controlled Deposit Amount (Class B) 0.00
- --------------------------------------------------------------------------------
M Investor Charge Offs
M(1) Class A Investor Charge Offs 0.00
Class B Investor Charge Offs 0.00
M(2) The amount of reimbursed Class A Investor Charge Offs 0.00
The amount of reimbursed Class B Investor Charge Offs 0.00
M(3) The amount, if any, by which the outstanding principal
balance of the Certificates exceeds the Invested
Amount after giving effect to all transactions on the
Distribution Date Class A 0.00
Class B 0.00
- --------------------------------------------------------------------------------
N Distributions to Class A Certificateholders (per $1,000
original principal amount)
N(1) Total distribution to Class A Certificateholders 3.96
Amount with respect to interest 3.96
Amount with respect to principal 0.00
N(2) Class A Investor Charge Offs 0.00
N(3) The amount of reimbursed Class A Investor Charge Offs 0.00
- --------------------------------------------------------------------------------
O Distributions to Class B Certificateholders (per $1,000
original principal amount)
O(1) Total distribution to Class B Certificateholders 4.06
Amount with respect to interest 4.06
Amount with respect to principal 0.00
O(2) Class B Investor Charge Offs 0.00
O(3) The amount of reimbursed Class B Investor Charge Offs 0.00
- --------------------------------------------------------------------------------
NATIONSBANK OF DELAWARE, N.A.
as Servicer
By: \s\ Theresa M. Rouse
--------------------
Name: Theresa M. Rouse
Title: Assistant Vice President
Statement to Certificateholders Exhibit 99 C & D
NationsBank Credit Card Master Trust -- Series 1993-2
- -----------------------------------------------------
MONTHLY CERTIFICATEHOLDERS STATEMENT
NATIONSBANK OF DELAWARE, N/A
NATIONSBANK CREDIT CARD MASTER TRUST
SERIES 1993-2
------------------------------------------------------------------
Pursuant to the Master Pooling and Servicing Agreement, dated
as of December 1, 1993 (as amended or supplemented, the
"Pooling and Servicing Agreement"), as supplemented by the
Series 1993-2 Supplement, dated as of December 1, 1993 (the
"Supplement" and, together with the Pooling and Servicing
Agreement, the "Agreement"), each between NationsBank of
Delaware, N.A. as Transferor and Servicer, and The Bank of New
York, as Trustee, the Servicer is required to prepare certain
information each month regarding distributions to
Certificateholders and the performance of the Trust. The
information with respect to the applicable Distribution Date
and Due Period is set forth below.
- --------------------------------------------------------------------------------
Due Period Apr-96
Determination Date 08-May-96
Transfer Date 14-May-96
Distribution Date 15-May-96
Amortization Period? No
Class A Accumulation Period? No
Class B Accumulation Period? No
Early Amortization Period? No
- --------------------------------------------------------------------------------
A Receivables for Due Period
A(1) Beginning Principal Receivables 4,012,517,261.87
Beginning Finance Charge Receivables (excluding
Interchange) 46,747,195.55
Beginning Discount Receivables 0.00
-----------------
Beginning Receivables 4,059,264,457.42
A(2) Removed Principal Receivables 0.00
Removed Finance Charge Receivables (excluding
Interchange) 0.00
-----------------
Removed Receivables 0.00
A(3) Principal Receivables with respect to Additional
Accounts 0.00
Finance Charge Receivables with respect to
Additional Accounts (excluding Interchange) 0.00
-----------------
Receivables with respect to Additional Accounts 0.00
A(4) Principal Receivables billed 413,041,433.04
Finance Charge Receivables billed (excluding
Interchange) 59,125,653.23
-----------------
Receivables billed 472,167,086.27
A(5) Discount Receivables Generated 0.00
A(6) Collections of Principal Receivables 418,843,759.37
Collections of Finance Charge Receivables
(excluding Interchange) 55,313,711.91
-----------------
Total Collections 474,157,471.28
A(7) Default Amount 24,302,675.16
A(8) Ending Principal Receivables 3,982,412,260.38
Ending Finance Charge Receivables (excluding
Interchange) 50,559,136.87
Ending Discount Receivables 0.00
-----------------
Ending Receivables 4,032,971,397.25
A(9) Beginning Aggregate Invested Amount 2,466,152,375.00
Beginning Aggregate Invested Percentage 61.46%
A(10) Beginning Transferor Amount 1,733,864,886.87
Net Change in Transferor Amount (467,605,001.49)
-----------------
Ending Transferor Amount 1,266,259,885.38
Beginning Transferor Interest Percentage 43.21%
A(11) Collections of Finance Charge Receivables
allocable to Interchange 3,707,570.84
- --------------------------------------------------------------------------------
B Delinquencies and Losses for Due Period
B(1) Delinquent Accounts
30-59 Days Delinquent 20,769
60-89 Days Delinquent 11,928
90-119 Days Delinquent 9,022
120+ Days Delinquent 13,410
B(2) Defaulted Accounts 6,450
B(3) Delinquent Receivables
30-59 Days Delinquent 64,680,467.38
60-89 Days Delinquent 40,600,203.64
90-119 Days Delinquent 32,401,505.00
120+ Days Delinquent 49,324,776.74
B(4) Default Amount 21,015,210.61
- --------------------------------------------------------------------------------
C Base Rate and Portfolio Yield
C(1) Base Rate (Current Due Period) 8.02%
Base Rate (Prior Due Period) 8.02%
Base Rate (Two Due Periods Ago) 8.02%
Three Month Average Base Rate 8.02%
C(2) Portfolio Yield (Current Due Period) 11.37%
Portfolio Yield (Prior Due Period) 12.64%
Portfolio Yield (Two Due Periods Ago) 14.00%
Three Month Average Portfolio Yield 12.67%
- --------------------------------------------------------------------------------
D Series 1993-2 Invested Amount
D(1) Class A Initial Invested Amount 500,000,000.00
Class B Initial Invested Amount 31,915,000.00
---------------
Initial Invested Amount 531,915,000.00
D(2) Class A Invested Amount as of the beginning of
the Due Period 500,000,000.00
Class B Invested Amount as of the beginning of
the Due Period 31,915,000.00
---------------
Invested Amount as of the beginning of the Due
Period 531,915,000.00
D(3) Class A Invested Amount at the end of revolving
period N/A
Class B Invested Amount at the end of revolving
period N/A
Invested Amount at the end of revolving period N/A
D(4) Principal Funding Account Balance as of end of
day on preceding Distribution Date 0.00
Deposits to Principal Funding Account 0.00
Principal Funding Investment Proceeds 0.00
Withdrawals from Principal Funding Account 0.00
Allocation of Principal Funding Investment Proceeds 0.00
---------------
Principal Funding Account Balance as of end of
day on current Distribution Date 0.00
D(5) Class A Adjusted Invested Amount as of the
beginning of the Due Period 500,000,000.00
Class B Adjusted Invested Amount as of the
beginning of the Due Period 31,915,000.00
---------------
Adjusted Invested Amount as of the beginning of
the Due Period 531,915,000.00
D(6) Enhancement Initial Invested Amount 0.00
Enhancement Invested Amount 0.00
D(7) Floating Allocation Percentage 13.26%
D(8) Principal Allocation Percentage 13.26%
- --------------------------------------------------------------------------------
E Servicing Fee Calculation
E(1) Servicing Base Amount 531,915,000.00
E(2) Servicer Interchange 332,446.88
Class A Servicing Fee 520,833.44
Class B Servicing Fee 33,244.69
---------------
Subtotal 886,525.01
Investor Monthly Servicing Fee 886,525.01
---------------
Shortfall of Servicer
Interchange 0.00
E(3) Investor Default Amount 2,786,616.93
E(4) Monthly Cash Collateral Fee 13,652.56
- --------------------------------------------------------------------------------
F Reserve Account
F(1) Reserve Account Balance as of end of day on
preceding Distribution Date 0.00
Deposits to Reserve Account 0.00
Interest earnings on Reserve Account 0.00
Withdrawals from Reserve Account 0.00
--------------
Reserve Account Balance as of end of day on current
Distribution Date 0.00
F(2) Required Reserve Account Amount 0.00
F(3) Available Reserve Account Amount 0.00
F(4) Reserve Draw Amount 0.00
F(5) Reserve Account Surplus 0.00
F(6) Covered Amount N/A
- --------------------------------------------------------------------------------
G Cash Collateral Account
G(1) Initial Shared Collateral Amount 26,595,833.00
Initial Class B Collateral Amount 5,319,167.00
--------------
Initial Cash Collateral Amount 31,915,000.00
G(2) Cash Collateral Account balance as of end of day
on preceding Distribution Date 31,915,000.00
Deposits to Cash Collateral Account 0.00
Withdrawals from Cash Collateral Account 0.00
--------------
Cash Collateral Account balance as of end of day
on current Distribution Date 31,915,000.00
G(3) Cash Collateral Account Surplus 0.00
G(4) Available Shared Collateral Amount 26,595,833.00
Available Cash Collateral Amount 31,915,000.00
G(5) Required Draw Amount 0.00
Interest Draw Amount 0.00
Servicing Draw Amount 0.00
Default Draw Amount 0.00
Reimbursement Draw Amount/Special Draw Amount/
Class A&B Principal Draw Amount 0.00
--------------
Total Draw Amount 0.00
- --------------------------------------------------------------------------------
H Class A Available Funds
H(1) Class A Floating Percentage 94.00%
H(2) Principal Funding Investment Proceeds (if applicable
to Class A) 0.00
Class A Finance Charge Collections (excluding
Interchange) 6,894,522.31
Class A allocation of Servicer Interchange 462,126.46
Reserve Draw Amount (if applicable to Class A) 0.00
-------------
Class A Available Funds 7,356,648.77
H(3) Class A Monthly Interest 2,500,000.00
-------------
Class A Interest Shortfall 0.00
H(4) Class A Additional Interest 0.00
Class A Servicing Fee 520,833.44
Class A allocation of Servicer Interchange 312,500.06
Class A Investor Default Amount 2,619,419.91
H(5) Distribution of Class A Available Funds
Class A Monthly Interest plus amounts
previously due but not distributed 2,500,000.00
Class A Additional Interest plus
amounts previously due but not
distributed 0.00
Class A Servicing Fee plus amounts
previously due but not distributed 520,833.44
Class A allocation of Servicer
Interchange 312,500.06
Class A Investor Default Amount 2,619,419.91
-------------
Total Class A Excess Spread 1,403,895.36
H(6) Required Amount 0.00
- --------------------------------------------------------------------------------
I Class B Available Funds
I(1) Class B Floating Percentage 6.00%
I(2) Principal Funding Investment Proceeds (if
applicable to Class B) 0.00
Class B Finance Charge Collections (excluding
Interchange) 440,075.89
Class B allocation of Servicer Interchange 29,497.43
Reserve Draw Amount (if applicable to Class B) 0.00
-------------
Class B Available Funds 469,573.32
I(3) Class B Monthly Interest 166,223.96
-------------
Class B Interest Shortfall 0.00
I(4) Class B Additional Interest 0.00
Class B Servicing Fee 33,244.69
Class B allocation of Servicer Interchange 19,946.82
I(5) Distribution of Class B Available Funds
Class B Monthly Interest plus amounts
previously due but not distributed 166,223.96
Class B Additional Interest plus
amounts previously due but not
distributed 0.00
Class B Servicing Fee plus amounts
previously due but not distributed 33,244.69
Class B allocation of Servicer
Interchange 19,946.82
-------------
Total Class B Excess Spread 250,157.85
I(6) Class B Investor Default Amount 167,197.02
- --------------------------------------------------------------------------------
J Excess Spread and Excess Finance Charge Collections
J(1) Total Excess Spread 1,654,053.21
Excess Finance Charge Collections allocated from
other series 0.00
-------------
Subtotal 1,654,053.21
J(2) Applied to Required Amount 0.00
Applied to Class A Investor Charge Offs 0.00
Applied to Class B Monthly Interest & Additional
Interest 0.00
Applied to Class B Servicing Fee 0.00
Applied to Class B Investor Default Amount 167,197.02
Applied to Class B Invested Amount reductions 0.00
Applied to Enhancement Invested Amount reductions 0.00
Applied to Cash Collateral Account 0.00
Applied to Monthly Cash Collateral Fee 13,652.56
Applied to Reserve Account 0.00
Applied to Cash Collateral Depositor 0.00
-------------
Total Excess Finance Charge Collections 1,473,203.63
J(3) Finance Charge Shortfall 0.00
J(4) Portion of Shared Collateral Amount applied to
Required Amount 0.00
Portion of Reallocated Principal Collections applied
to Required Amount 0.00
- --------------------------------------------------------------------------------
K Principal Collections
K(1) Available Principal Collections 58,325,299.42
Excess Principal Collections with respect to other
Series 0.00
--------------
Subtotal 58,325,299.42
K(2) Class A Principal Percentage 94.00%
Class A Monthly Principal 0.00
K(3) Class B Principal Percentage 6.00%
Class B Monthly Principal 0.00
K(4) Allocation of Principal Collections
Deposit to Principal Funding Account 0.00
Distribution to Cash Collateral
Depositor 0.00
Excess Principal Collections 58,325,299.42
Principal Shortfall 0.00
K(5) Reallocated Principal Collections pursuant to
Section 4.9(a) 0.00
K(6) Amount by which Class B Invested Amount was
reduced pursuant to 4.7(a) 0.00
- --------------------------------------------------------------------------------
L Accumulation Period
L(1) Controlled Accumulation Amount (Class A) N/A
Deficit Controlled Accumulation Amount (Class A) N/A
--------------
Controlled Deposit Amount (Class A) 0.00
L(2) Controlled Accumulation Amount (Class B) N/A
Deficit Controlled Accumulation Amount (Class B) N/A
--------------
Controlled Deposit Amount (Class B) 0.00
- --------------------------------------------------------------------------------
M Investor Charge Offs
M(1) Class A Investor Charge Offs 0.00
Class B Investor Charge Offs 0.00
M(2) The amount of reimbursed Class A Investor Charge Offs 0.00
The amount of reimbursed Class B Investor Charge Offs 0.00
M(3) The amount, if any, by which the outstanding principal
balance of the Certificates exceeds the Invested Amount
after giving effect to all transactions on the
Distribution Date
Class A 0.00
Class B 0.00
N Distributions to Class A Certificateholders (per
$1,000 original principal amount)
N(1) Total distribution to Class A Certificateholders 5.00
Amount with respect to interest 5.00
Amount with respect to principal 0.00
N(2) Class A Investor Charge Offs 0.00
N(3) The amount of reimbursed Class A Investor Charge Offs 0.00
- --------------------------------------------------------------------------------
O Distributions to Class B Certificateholders (per
$1,000 original principal amount)
O(1) Total distribution to Class B Certificateholders 5.21
Amount with respect to interest 5.21
Amount with respect to principal 0.00
O(2) Class B Investor Charge Offs 0.00
O(3) The amount of reimbursed Class B Investor Charge Offs 0.00
- --------------------------------------------------------------------------------
NATIONSBANK OF DELAWARE, N.A.
as Servicer
By: \s\ Theresa M. Rouse
--------------------
Name: Theresa M. Rouse
Title: Assistant Vice President
Statement to Certificateholders Exhibit 99 E, F & G
NationsBank Credit Card Master Trust -- Series 1995-1
- -----------------------------------------------------
MONTHLY CERTIFICATEHOLDERS STATEMENT
NATIONSBANK OF DELAWARE, N.A.
NATIONSBANK CREDIT CARD MASTER TRUST
SERIES 1995-1
------------------------------------------------------------------
Pursuant to the Master Pooling and Servicing Agreement, dated as
of August 8, 1995 (as amended or supplemented, the "Pooling and
Servicing Agreement"), as supplemented by the Series 1995-1
Supplement, dated as of August 8, 1995 (the "Supplement" and,
together with the Pooling and Servicing Agreement, the
"Agreement"), each between NationsBank of Delaware, N.A. as
Transferor and Servicer, and The Bank of New York, as Trustee,
the Servicer is required to prepare certain information each month
regarding distributions to Certificateholders and the
performance of the Trust. The information with respect to the
applicable Distribution Date and Due Period is set forth
below.
- --------------------------------------------------------------------------------
Due Period Apr-96
Determination Date 08-May-96
Transfer Date 14-May-96
Distribution Date 15-May-96
Amortization Period? No
Class A Accumulation Period? No
Class B Accumulation Period? No
Early Amortization Period? No
- --------------------------------------------------------------------------------
A Receivables for Due Period
A(1) Beginning Principal Receivables 4,012,517,261.87
Beginning Finance Charge Receivables (excluding
Interchange) 46,747,195.55
Beginning Discount Receivables 0.00
-----------------
Beginning Receivables 4,059,264,457.42
A(2) Removed Principal Receivables 0.00
Removed Finance Charge Receivables (excluding
Interchange) 0.00
-----------------
Removed Receivables 0.00
A(3) Principal Receivables with respect to Additional
Accounts 0.00
Finance Charge Receivables with respect to
Additional Accounts (excluding Interchange) 0.00
-----------------
Receivables with respect to Additional Accounts 0.00
A(4) Principal Receivables billed 413,041,433.04
Finance Charge Receivables billed (excluding
Interchange) 59,125,653.23
-----------------
Receivables billed 472,167,086.27
A(5) Discount Receivables Generated 0.00
A(6) Collections of Principal Receivables 418,843,759.37
Collections of Finance Charge Receivables
(excluding Interchange) 55,313,711.91
-----------------
Total Collections 474,157,471.28
A(7) Default Amount (excluding Recoveries) 24,302,675.16
A(8) Ending Principal Receivables 3,982,412,260.38
Ending Finance Charge Receivables (excluding
Interchange) 50,559,136.87
Ending Discount Receivables 0.00
-----------------
Ending Receivables 4,032,971,397.25
A(9) Beginning Aggregate Invested Amount 2,466,152,375.00
Beginning Aggregate Invested Percentage 61.46%
A(10) Beginning Transferor Amount 1,733,864,886.87
Net Change in Transferor Amount (467,605,001.49)
-----------------
Ending Transferor Amount 1,266,259,885.38
Beginning Transferor Interest Percentage 43.21%
A(11) Collections of Finance Charge Receivables
allocable to Interchange 3,707,570.84
- --------------------------------------------------------------------------------
B Delinquencies and Losses for Due Period
B(1) Delinquent Accounts
30-59 Days Delinquent 20,769
60-89 Days Delinquent 11,928
90-119 Days Delinquent 9,022
120+ Days Delinquent 13,410
B(2) Defaulted Accounts 6,450
B(3) Delinquent Receivables
30-59 Days Delinquent 64,680,467.38
60-89 Days Delinquent 40,600,203.64
90-119 Days Delinquent 32,401,505.00
120+ Days Delinquent 49,324,776.74
B(4) Default Amount 21,015,210.61
- --------------------------------------------------------------------------------
C Base Rate and Portfolio Yield
C(1) Base Rate (Current Due Period) 8.43%
Base Rate (Prior Due Period) 8.43%
Base Rate (Two Due Periods Ago) 8.40%
Three Month Average Base Rate 8.42%
C(2) Portfolio Yield (Current Due Period) 11.36%
Portfolio Yield (Prior Due Period) 12.64%
Portfolio Yield (Two Due Periods Ago) 14.00%
Three Month Average Portfolio Yield 12.67%
- --------------------------------------------------------------------------------
D Series 1995-1 Invested Amount
D(1) Class A Initial Invested Amount 1,000,000,000.00
Class B Initial Invested Amount 51,137,000.00
Collateral Initial Indebtedness Amount 85,228,000.00
-----------------
Initial Invested Amount 1,136,365,000.00
D(2) Class A Investor Amount as of the beginning of
the Due Period 1,000,000,000.00
Class B Investor Amount as of the beginning of
the Due Period 51,137,000.00
Investor Amount 1,136,364,375.00
D(3) Class A Invested Amount at the end of revolving
period N/A
Class B Invested Amount at the end of revolving
period N/A
Collateral Indebtedness Amount at the end of
revolving period N/A
-----------------
Invested Amount at the end of revolving period N/A
D(4) Principal Funding Account Balance as of end of
day on preceding Distribution Date 0.00
Deposits to Principal Funding Account 0.00
Principal Funding Investment Proceeds 0.00
Withdrawals from Principal Funding Account 0.00
Allocation of Principal Funding Investment Proceeds 0.00
-----------------
Principal Funding Account Balance as of end of day
on current Distribution Date 0.00
D(5) Class A Invested Amount as of the beginning of
the Due Period 1,000,000,000.00
Class B Invested Amount as of the beginning of
the Due Period 51,137,000.00
Collateral Indebtedness Amount as of the
beginning of the Due Period 85,227,375.00
-----------------
Invested Amount as of the beginning of the Due
Period 1,136,364,375.00
D(6) Required Enhancement Amount 85,227,375.00
Enhancement Surplus 0.00
Available Enhancement Amount 85,227,375.00
D(7) Floating Allocation Percentage 28.31%
D(8) Fixed Allocation Percentage N/A
- --------------------------------------------------------------------------------
E Servicing Fee Calculation
E(1) Servicing Base Amount 1,136,364,375.00
E(2) Servicer Interchange 710,227.73
Class A Servicing Fee 1,041,666.67
Class B Servicing Fee 53,267.71
Collateral Servicing Fee 88,778.52
-----------------
Subtotal 1,893,940.63
Investor Monthly Servicing Fee 1,893,940.63
-----------------
Shortfall of Servicer
Interchange 0.00
E(3) Investor Default Amount 5,949,406.12
E(4) Monthly Cash Collateral Fee 0.00
- --------------------------------------------------------------------------------
F Reserve Account
F(1) Reserve Account Balance as of end of day on
preceding Distribution Date 0.00
Deposits to Reserve Account 0.00
Interest earnings on Reserve Account 0.00
Withdrawals from Reserve Account 0.00
-------------
Reserve Account Balance as of end of day on current
Distribution Date 0.00
F(2) Required Reserve Account Amount 0.00
F(3) Available Reserve Account Amount 0.00
F(4) Reserve Draw Amount 0.00
F(5) Reserve Account Surplus 0.00
F(6) Covered Amount N/A
- --------------------------------------------------------------------------------
G Cash Collateral Account
G(1) Initial Cash Collateral Amount 0.00
G(2) Cash Collateral Account balance as of end of day
on preceding Distribution Date 0.00
Deposits to Cash Collateral Account 2,775,908.17
Investment Earnings on Cash Collateral Account 0.00
Withdrawals from Cash Collateral Account 0.00
-------------
Cash Collateral Account balance as of end of day
on current Distribution Date 2,775,908.17
G(3) Cash Enhancement Surplus 0.00
G(4) Available Cash Collateral Amount 0.00
Required Cash Collateral Amount 0.00
Required Cash Collateral Percentage 0.00%
G(5) Required Draw Amount 0.00
- --------------------------------------------------------------------------------
H Class A Available Funds
H(1) Class A Floating Percentage 24.92%
H(2) Principal Funding Investment Proceeds (if applicable
to Class A) 0.00
Cash Collateral Account Investment Proceeds 0.00
Class A Finance Charge Collections (excluding
Interchange) 13,784,177.01
Class A allocation of Servicer Interchange 923,926.66
Reserve Draw Amount (if applicable to Class A) 0.00
--------------
Class A Available Funds 14,708,103.67
H(3) Class A Monthly Interest 5,375,000.00
--------------
Class A Interest Shortfall 0.00
H(4) Class A Additional Interest 0.00
Class A Servicing Fee 1,041,666.67
Class A allocation of Servicer Interchange 625,000.00
Class A Investor Default Amount 5,236,990.48
H(5) Distribution of Class A Available Funds
Class A Monthly Interest plus amounts
previously due but not distributed 5,375,000.00
Class A Additional Interest plus amounts
previously due but not distributed 0.00
Class A Servicing Fee plus amounts previously
due but not distributed 1,041,666.67
Class A allocation of Servicer Interchange 625,000.00
Class A Investor Default Amount 5,236,990.48
-------------
Total Class A Excess Spread 2,429,446.52
H(6) Class A Required Amount 0.00
- --------------------------------------------------------------------------------
I Class B Available Funds
I(1) Class B Floating Percentage 1.27%
I(2) Principal Funding Investment Proceeds (if
applicable to Class B) 0.00
Cash Collateral Account Investment Proceeds 0.00
Class B Finance Charge Collections (excluding
Interchange) 702,484.14
Class B allocation of Servicer Interchange 47,086.15
Reserve Draw Amount (if applicable to Class B) 0.00
-----------
Class B Available Funds 749,570.29
I(3) Class B Monthly Interest 282,318.85
-----------
Class B Interest Shortfall 0.00
I(4) Class B Additional Interest 0.00
Class B Servicing Fee 53,267.71
Class B allocation of Servicer Interchange 31,960.63
I(5) Distribution of Class B Available Funds
Class B Monthly Interest plus amounts
previously due but not distributed 282,318.85
Class B Additional Interest plus amounts
previously due but not distributed 0.00
Class B Servicing Fee plus amounts previously
due but not distributed 53,267.71
Class B allocation of Servicer Interchange 31,960.63
-----------
Total Class B Excess Spread 382,023.09
I(6) Class B Investor Default Amount 266,893.18
Class B Required Amount 0.00
- --------------------------------------------------------------------------------
J Collateral Available Funds
J(1) Collateral Floating Percentage 2.12%
J(2) Collateral Finance Charge Collections 1,172,650.69
Collateral allocation of Servicer Interchange 78,600.50
-------------
Collateral Available Funds 1,251,251.19
J(3) Collateral Monthly Interest 432,351.37
-------------
Collateral Interest Shortfall 0.00
J(4) Collateral Additional Interest 0.00
Collateral Servicing Fee 88,778.52
Collateral allocation of Servicer Interchange 53,267.10
J(5) Distribution of Collateral Available Funds
Collateral Servicing Fee plus amounts previously
due but not distributed 88,778.52
Collateral allocation of Servicer Interchange 53,267.10
-------------
Total Collateral Excess Spread 1,109,205.57
J(6) Collateral Investor Default Amount 445,522.46
J(7) Collateral Required Amount 0.00
- --------------------------------------------------------------------------------
K Excess Spread and Excess Finance Charge Collections
K(1) Total Excess Spread 3,920,675.18
Excess Finance Charge Collections allocated from
other series 0.00
-------------
Subtotal 3,920,675.18
K(2) Applied to Class A Monthly Interest & Additional
Interest 0.00
Applied to Class A Servicing Fee 0.00
Applied to Class A Investor Default Amount 0.00
Applied to Class A Investor Charge Offs 0.00
Applied to Class B Monthly Interest & Additional
Interest 0.00
Applied to Class B Servicing Fee 0.00
Applied to Class B Investor Default Amount 266,893.18
Applied to Class B Invested Amount reductions 0.00
Applied to Collateral Servicing Fee 0.00
Applied to Collateral Monthly Interest & Additional
Interest 432,351.37
Applied to Collateral Default Amount 445,522.46
Applied to Collateral Indebtedness Amount reductions 0.00
Applied to Cash Collateral Account 0.00
Applied to Other Amount Due to Collateral
Indebtedness Holder 0.00
Applied to Reserve Account 0.00
Applied to Cash Collateral Depositor 2,775,908.17
-------------
Total Excess Finance Charge Collections 0.00
K(3) Finance Charge Shortfall 0.00
K(4) Portion of Reallocated Principal Collections
applied to Required Amount 0.00
- --------------------------------------------------------------------------------
L Principal Collections
L(1) Collections of Principal Receivables allocable
to Series 1995-1 124,524,074.40
Excess Principal Collections with respect to other
Series 0.00
---------------
Subtotal 124,524,074.40
L(2) Class A Fixed Percentage N/A
Class A Monthly Principal 0.00
L(3) Class B Fixed Percentage N/A
Class B Monthly Principal 0.00
L(4) Collateral Fixed Percentage N/A
Collateral Monthly Principal 0.00
L(5) Allocation of Principal Collections
Deposit to Principal Funding Account 0.00
Distribution to Collateral Indebtedness
Holder 0.00
Excess Principal Collections 124,524,074.40
Principal Shortfall 0.00
L(6) Class B Subordinated Principal Collections 5,586,208.92
Collateral Subordinated Principal Collections 9,325,010.16
--------------
Total Subordinated Principal Collections 14,911,219.08
L(7) Reallocated Principal Collections pursuant to
Section 4.9(a) 0.00
Reallocated Principal Collections pursuant to
Section 4.9(b) 0.00
Reallocated Principal Collections pursuant to
Section 4.9(c) 0.00
--------------
Total Reallocated Principal Collections 0.00
- --------------------------------------------------------------------------------
M Accumulation Period
M(1) Controlled Accumulation Amount (Class A) N/A
Deficit Controlled Accumulation Amount (Class A) N/A
---------------
Controlled Deposit Amount (Class A) 0.00
M(2) Controlled Accumulation Amount (Class B) N/A
Deficit Controlled Accumulation Amount (Class B) N/A
---------------
Controlled Deposit Amount (Class B) 0.00
M(3) Accumulation Period Factor 1.27
Monthly Payment Rate 10.4384%
Required Accumulation Factor Number 10.06
Accumulation Period Length N/A
- --------------------------------------------------------------------------------
N Investor Charge Offs
N(1) Class A Investor Charge Offs 0.00
Class B Investor Charge Offs 0.00
N(2) The amount of reimbursed Class A Investor Charge Offs 0.00
The amount of reimbursed Class B Investor Charge Offs 0.00
N(3) The amount, if any, by which the outstanding principal
balance of the certificates exceeds the Invested
Amount after giving effect to all transactions on the
Distribution Date
Class A 0.00
Class B 0.00
- --------------------------------------------------------------------------------
O Distributions to Class A Certificateholders (per
$1,000 original principal amount)
O(1) Total distribution to Class A Certificateholders 5.38
Amount with respect to interest 5.38
Amount with respect to principal 0.00
O(2) Class A Investor Charge Offs 0.00
O(3) The amount of reimbursed Class A Investor Charge Offs 0.00
- --------------------------------------------------------------------------------
P Distributions to Class B Certificateholders (per
$1,000 original principal amount)
P(1) Total distribution to Class B Certificateholders 5.52
Amount with respect to interest 5.52
Amount with respect to principal 0.00
P(2) Class B Investor Charge Offs 0.00
P(3) The amount of reimbursed Class B Investor Charge Offs 0.00
Q Distributions to Collateral Indebtedness Holders
(per $1,000 original principal amount)
Q(1) Total distribution to Collateral Indebtednness Holders 5.07
Amount with respect to interest 5.07
Amount with respect to principal 0.00
Q(2) Collateral Investor Charge Offs 0.00
Q(3) The amount of reimbursed Collateral Investor Charge Offs 0.00
- --------------------------------------------------------------------------------
NATIONSBANK OF DELAWARE, N.A.
as Servicer
By: \s\ Theresa M. Rouse
--------------------
Name: Theresa M. Rouse
Title: Assistant Vice President
</TABLE>
