|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NATIONSBANK OF DELAWARE NA, 8-K, 2000-06-29 |
Next: TERREMARK WORLDWIDE INC, 10-K405, 2000-06-29 |
<TABLE>
<CAPTION>
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 BZ 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 May-00
Determination Date 08-Jun-00
Transfer Date 14-Jun-00
Distribution Date 15-Jun-00
Amortization Period? No
Class A Accumulation Period? No
Class B Accumulation Period? No
Early Amortization Period? No
A Receivables for Due Period
<S> <C> <C>
A(1) Beginning Principal Receivables 2,941,938,252.00
Beginning Finance Charge Receivables (excluding Interchange) 32,826,689.44
Beginning Discount Receivables 0.00
-----------------
Beginning Receivables 2,974,764,941.44
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 643,015,615.52
Finance Charge Receivables billed (excluding Interchange) 47,290,142.09
Receivables billed 690,305,757.61
A(5) Discount Receivables Generated 0.00
A(6) Collections of Principal Receivables 664,195,478.92
Collections of Finance Charge Receivables (excluding Interchange) 44,516,865.62
Total Collections 708,712,344.54
A(7) Default Amount 15,720,285.75
A(8) Ending Principal Receivables 2,905,038,102.85
Ending Finance Charge Receivables (excluding Interchange) 35,599,965.91
Ending Discount Receivables 0.00
-----------------
Ending Receivables 2,940,638,068.76
A(9) Beginning Aggregate Invested Amount 2,392,612,708.33
Beginning Aggregate Invested Percentage 81.33%
A(10) Beginning Transferor Amount 549,325,543.67
Net Change in Transferor Amount (36,900,149.14)
Ending Transferor Amount 0.00
Beginning Transferor Interest Percentage 0.00%
A(11) Collections of Finance Charge Receivables allocable to Interchange 8,230,593.51
Exhibit 99 A and B
Page 5 of 23
B Delinquencies and Losses for Due Period
B(1) Delinquent Accounts
30-59 Days Delinquent 11,498
60-89 Days Delinquent 6,184
90-119 Days Delinquent 4,539
120+ Days Delinquent 6,469
B(2) Defaulted Accounts 3,425
B(3) Delinquent Receivables
30-59 Days Delinquent 43,664,937.72
60-89 Days Delinquent 25,841,182.94
90-119 Days Delinquent 20,333,801.32
120+ Days Delinquent 30,569,936.43
B(4) Default Amount 11,865,254.90
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) 16.68%
Portfolio Yield (Prior Due Period) 16.01%
Portfolio Yield (Two Due Periods Ago) 16.02%
Three Month Average Portfolio Yield 16.23%
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 0.00
Distribution Date
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 18.08%
D(8) Principal Allocation Percentage 18.08%
Exhibit 99 A and B
Page 6 of 23
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 2,145,238.09
E(4) Monthly Cash Collateral Fee 10,056.59
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 31,915,000.00
Distribution Date
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
-----------------
0.00
Exhibit 99 A and B
Page 7 of 23
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) 7,565,730.35
Class A allocation of Servicer Interchange 1,398,805.83
Reserve Draw Amount (if applicable to Class A) 0.00
-----------------
Class A Available Funds 8,964,536.18
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 312,500.07
Class A Investor Default Amount 2,016,523.80
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 312,500.07
Class A Investor Default Amount 2,016,523.80
-----------------
Total Class A Excess Spread 3,614,678.87
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) 482,918.96
Class B allocation of Servicer Interchange 89,285.48
Reserve Draw Amount (if applicable to Class B) 0.00
Class B Available Funds 572,204.44
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 19,946.81
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 19,946.81
Total Class B Excess Spread 352,788.98
I(6) Class B Investor Default Amount 128,714.29
Exhibit 99 A and B
Page 8 of 23
J Excess Spread and Excess Finance Charge Collections
J(1) Total Excess Spread 3,967,467.85
Excess Finance Charge Collections allocated from other series 0.00
-----------------
3,967,467.85
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 128,714.29
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 10,056.59
Applied to Reserve Account 0.00
Applied to Cash Collateral Depositor 0.00
-----------------
0.00
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 120,086,542.59
Excess Principal Collections with respect to other Series 0.00
Subtotal 120,086,542.59
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 120,086,542.59
Principal Shortfall 0.00
K(5) Reallocated Principal Collections pursuant to Section 4.9(a) 0.00
K(6) Amount BZ 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
Exhibit 99 A and B
Page 9 of 23
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, BZ 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
<FN>
NATIONSBANK OF DELAWARE, N.A.
as Servicer
BZ: \s\ Emily Watson
------------------
Name: Emily Watson
Title: Vice President
Exhibit 99 A and B
Page 10 of 23
</TABLE>
<TABLE>
<CAPTION>
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 December 1, 1993
(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 May-00
Determination Date 08-Jun-00
Transfer Date 14-Jun-00
Distribution Date 15-Jun-00
Amortization Period? Yes
Class A Accumulation Period? Yes
Class B Accumulation Period? No
Early Amortization Period? No
A Receivables for Due Period
<S> <C> <C>
A(1) Beginning Principal Receivables 2,941,938,252.00
Beginning Finance Charge Receivables (excluding Interchange) 32,826,689.44
Beginning Discount Receivables 0.00
-----------------
Beginning Receivables 2,974,764,941.44
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 0.00
-----------------
(excluding Interchange) 0.00
Receivables with respect to Additional Accounts
A(4) Principal Receivables billed 643,015,615.52
Finance Charge Receivables billed (excluding Interchange) 47,290,142.09
-----------------
Receivables billed 690,305,757.61
A(5) Discount Receivables Generated 0.00
A(6) Collections of Principal Receivables 664,195,478.92
Collections of Finance Charge Receivables (excluding Interchange) 44,516,865.62
-----------------
Total Collections 708,712,344.54
A(7) Default Amount (excluding Recoveries) 15,720,285.75
A(8) Ending Principal Receivables 2,905,038,102.85
Ending Finance Charge Receivables (excluding Interchange) 35,599,965.91
Ending Discount Receivables 0.00
-----------------
Ending Receivables 2,940,638,068.76
A(9) Beginning Aggregate Invested Amount 2,392,612,708.33
Beginning Aggregate Invested Percentage 81.33%
A(10) Beginning Transferor Amount 0.00
Net Change in Transferor Amount 0.00
-----------------
Ending Transferor Amount 512,425,394.52
Beginning Transferor Interest Percentage 18.67%
A(11) Collections of Finance Charge Receivables allocable to Interchange 8,230,593.51
Exhibit 99 C, D and E
Page 11 of 23
B Delinquencies and Losses for Due Period
B(1) Delinquent Accounts
30-59 Days Delinquent 11,498
60-89 Days Delinquent 6,184
90-119 Days Delinquent 4,539
120+ Days Delinquent 6,469
B(2) Defaulted Accounts 3,425
B(3) Delinquent Receivables
30-59 Days Delinquent 43,664,937.72
60-89 Days Delinquent 25,841,182.94
90-119 Days Delinquent 20,333,801.32
120+ Days Delinquent 30,569,936.43
B(4) Default Amount 11,865,254.90
C Base Rate and Portfolio Yield
C(1) Base Rate (Current Due Period) 8.52%
Base Rate (Prior Due Period) 8.44%
Base Rate (Two Due Periods Ago) 8.52%
Three Month Average Base Rate 8.49%
C(2) Portfolio Yield (Current Due Period) 15.25%
Portfolio Yield (Prior Due Period) 16.27%
Portfolio Yield (Two Due Periods Ago) 15.10%
Three Month Average Portfolio Yield 15.54%
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 1,000,000,000.00
Class B Invested Amount at the end of revolving period 51,137,000.00
Collateral Indebtedness Amount at the end of revolving period 85,228,000.00
-----------------
Invested Amount at the end of revolving period 1136365000
D(4) Principal Funding Account Balance as of end of day on preceding
Distribution Date 500,000,000.01
Deposits to Principal Funding Account 166,666,666.67
Principal Funding Investment Proceeds 2,097,204.10
Withdrawals from Principal Funding Account 0.00
Allocation of Principal Funding Investment Proceeds 2,097,204.10
Principal Funding Account Balance as of end of day on current 666,666,666.68
Distribution Date
D(5) Class A Invested Amount as of the Beginning of the Due Period 499,999,999.99
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 636,364,374.99
D(6) Required Enhancement Amount 47,727,328.10
Enhancement Surplus 37,500,046.90
Available Enhancement Amount 47,727,328.10
D(7) Floating Allocation Percentage 27.30%
D(8) Fixed Allocation Percentage 38.63%
Exhibit 99 C, D and E
Page 12 of 23
E Servicing Fee Calculation
E(1) Servicing Base Amount 636,364,374.99
E(2) Servicer Interchange 397,727.74
Class A Servicing Fee 520,833.33
Class B Servicing Fee 53,267.71
Collateral Servicing Fee 88,778.52
-----------------
Subtotal 1,060,607.30
Investor Monthly Servicing Fee 1,060,607.30
-----------------
Shortfall of Servicer Interchange 0.00
E(3) Investor Default Amount 3,239,214.59
F Reserve Account
F(1) Reserve Account Balance as of end of day on preceding
Distribution Date 5,000,000.00
Deposits to Reserve Account 590,295.90
Interest earnings on Reserve Account 27,850.15
Withdrawals from Reserve Account 590,295.90
Reserve Account Balance as of end of day on current 5,027,850.15
Distribution Date
F(2) Required Reserve Account Amount 2,687,500.00
F(3) Available Reserve Account Amount 2,687,500.00
F(4) Reserve Draw Amount 590,295.90
F(5) Reserve Account Surplus 27,850.15
F(6) Covered Amount 2,687,500.00
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 (Net of Investment Earnings) 0.00
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 0.00
Distribution Date
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 22.66%
H(2) Principal Funding Investment Proceeds (if applicable to Class A) 2,097,204.10
Cash Collateral Account Investment Proceeds 0.00
Class A Finance Charge Collections (excluding Interchange) 10,087,521.75
Class A allocation of Servicer Interchange 1,865,052.49
Reserve Draw Amount (if applicable to Class A) 590,295.90
Class A Available Funds 14,640,074.24
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 520,833.33
Class A allocation of Servicer Interchange 312,500.00
Class A Investor Default Amount 2,688,666.76
Exhibit 99 C, D and E
Page 13 of 23
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 520,833.33
Class A allocation of Servicer Interchange 312,500.00
Class A Investor Default Amount 2,688,666.76
Total Class A Excess Spread 5,743,074.15
H(6) Class A Required Amount 0.00
I Class B Available Funds
I(1) Class B Floating Percentage 1.74%
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) 774,593.46
Class B allocation of Servicer Interchange 143,212.33
Reserve Draw Amount (if applicable to Class B) 0.00
Class B Available Funds 917,805.79
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 550,258.60
I(6) Class B Investor Default Amount 206,455.44
Class B Required Amount 0.00
J Collateral Available Funds
J(1) Collateral Floating Percentage 2.90%
J(2) Collateral Finance Charge Collections 1,290,989.10
Collateral Allocation of Cash Collateral Account Investment Proceeds 0.00
Collateral allocation of Servicer Interchange 238,687.21
Collateral Available Funds 1,529,676.31
J(3) Collateral Monthly Interest 520,153.32
Collateral Interest Shortfall 0.00
J(4) Collateral Additional Interest 0.00
Collateral Servicing Fee 0.00
Collateral allocation of Servicer Interchange 53,267.11
J(5) Distribution of Collateral Available Funds
Collateral Servicing Fee plus amounts previously due 88,778.52
but not distributed
Collateral allocation of Servicer Interchange 53,267.11
Total Collateral Excess Spread 1,387,630.68
J(6) Collateral Investor Default Amount 344,092.39
J(7) Collateral Required Amount 0.00
Exhibit 99 C, D and E
Page 14 of 23
K Excess Spread and Excess Finance Charge Collections
K(1) Total Excess Spread 7,680,963.43
Excess Finance Charge Collections allocated from other series 0.00
Subtotal 7,680,963.43
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 206,455.44
Applied to Class B Invested Amount reductions 0.00
Applied to Collateral Servicing Fee 0.00
Applied to Collateral Monthly Interest & Additional Interest 520,153.32
Applied to Collateral Default Amount 344,092.39
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 590,295.90
Applied to Cash Collateral Depositor 0.00
-----------------
Total Excess Finance Charge Collections 6,019,966.38
K(3) Finance Charge Shortfall 0.00
K(4) Portion of Reallocated Principal Collections applied to 0.00
Required Amount
L Principal Collections
L(1) Collections of Principal Receivables allocable to Series 1995-1 181,325,365.74
Excess Principal Collections with respect to other Series 0.00
Subtotal 181,325,365.74
L(2) Class A Fixed Percentage 0.34
Class A Monthly Principal 166,666,666.67
L(3) Class B Fixed Percentage 0.02
Class B Monthly Principal 0.00
L(4) Collateral Fixed Percentage 0.03
Collateral Monthly Principal 0.00
L(5) Allocation of Principal Collections
Deposit to Principal Funding Account 166,666,666.67
Distribution to Collateral Indebtedness Holder 0.00
Excess Principal Collections 14,658,699.07
Principal Shortfall 0.00
L(6) Class B Subordinated Principal Collections 11,751,340.37
Collateral Subordinated Principal Collections 19,585,490.68
-----------------
Total Subordinated Principal Collections 31,336,831.05
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
Exhibit 99 C, D and E
Page 15 of 23
M Accumulation Period
M(1) Controlled Accumulation Amount (Class A) 166,666,666.67
Deficit Controlled Accumulation Amount (Class A) 0.00
-----------------
Controlled Deposit Amount (Class A) 166,666,666.67
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 1.00
Monthly Payment Rate 22.5768%
Required Accumulation Factor Number 6.00
Accumulation Period Length 6.00
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 Indebtedness Holders 6.10
Amount with respect to interest 6.10
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
<FN>
NATIONSBANK OF DELAWARE, N.A.
as Servicer
By: \s\ Emily Watson
------------------
Name: Emily Watson
Title: Vice President
Exhibit 99 C, D and E
Page 16 of 23
</TABLE>
<TABLE>
<CAPTION>
MONTHLY CERTIFICAUEHOLDERS STATEMENT
NationsBank OF DELAWARE, N.A.
NATIONSBANK CREDIT CARD MASTER TRUST
SERIES 1996-1
Pursuant to the Master Pooling and Servicing Agreement, dated as of December 1, 1993
(AU amended or supplemented, the "Pooling and Servicing Agreement"), AU supplemented by the
Series 1996-1 Supplement, dated as of June11, 1996 (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 May-00
Determination Date 08-Jun-00
Transfer Date 14-Jun-00
Distribution date 15-Jun-00
Interest Period 3/15/00-6/14/00
Interest Payment date 15-Jun-00
Amortization Period? No
Class A Accumulation Period? No
Class B Accumulation Period? No
Early Amortization Period? No
A Receivables for Due Period
<S> <C> <C>
A(1) Beginning Principal Receivables 2,941,938,252.00
Beginning Finance Charge Receivables (excluding Interchange) 32,826,689.44
Beginning Discount Receivables 0.00
-----------------
Beginning Receivables 2,974,764,941.44
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 643,015,615.52
Finance Charge Receivables billed (excluding Interchange) 47,290,142.09
-----------------
Receivables billed 690,305,757.61
A(5) Discount Receivables generated 0.00
A(6) Collections of Principal Receivables 664,195,478.92
Collections of Finance Charge Receivables (excluding Interchange) 44,516,865.62
-----------------
Total Collections 708,712,344.54
A(7) Default Amount (excluding Recoveries) 15,720,285.75
A(8) Ending Principal Receivables 2,905,038,102.85
Ending Finance Charge Receivables (excluding Interchange) 35,599,965.91
Ending Discount Receivables 0.00
-----------------
Ending Receivables 2,940,638,068.76
A(9) Beginning aggregate Invested Amount 2,392,612,708.33
Beginning aggregate Invested Percentage 18.67%
A(10) Beginning Transferor Amount 0.19
Net Change in Transferor Amount (36,900,149.14)
-----------------
Ending Transferor Amount 512,425,394.52
Beginning Transferor Interest Percentage 18.67%
A(11) Collections of Finance Charge Receivables allocable to Interchange 8,230,593.51
Exhibit 99 F, G and H
Page 17 of 23
B Delinquencies and Losses for Due Period
B(1) Delinquent Accounts
30-59 Days Delinquent 11,498
60-89 Days Delinquent 6,184
90-119 Days Delinquent 4,539
120+ Days Delinquent 6,469
B(2) Defaulted Accounts 3,425
B(3) Delinquent Receivables
30-59 Days Delinquent 43,664,937.72
60-89 Days Delinquent 25,841,182.94
90-119 Days Delinquent 20,333,801.32
120+ Days Delinquent 30,569,936.43
B(4) Default Amount 11,865,254.90
C BBse Rate and Portfolio Yield
C(1) BBse Rate (Current Due Period) 8.59%
BBse Rate (Prior Due Period) 7.92%
BBse Rate (Two Due Periods Ago) 8.97%
Three Month Average BBse Rate 8.49%
C(2) Portfolio Yield (Current Due Period) 16.79%
Portfolio Yield (Prior Due Period) 16.08%
Portfolio Yield (Two Due Periods Ago) 16.11%
Three Month Average Portfolio Yield 16.33%
D Series 1996-1 Invested Amount
D(1) Class A Initial Invested Amount 756,000,000.00
Class B Initial Invested Amount 58,500,000.00
Collateral Initial Indebtedness Amount 85,500,000.00
-----------------
Initial Invested Amount 900,000,000.00
D(2) Class A Investor Amount AU of the beginning of the Due Period 756,000,000.00
Class B Investor Amount AU of the beginning of the Due Period 58,500,000.00
-----------------
Investor Amount 891,000,000.00
D(3) Class A Invested Amount AU the end of revolving period N/A
Class B Invested Amount AU the end of revolving period N/A
Collateral Indebtedness Amount AU the end of revolving period N/A
-----------------
Invested Amount AU the end of revolving period N/A
D(4) Principal Funding Account BBlance AU 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 BBlance 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 756,000,000.00
Class B Invested Amount as of the beginning of the Due Period 58,500,000.00
Collateral Indebtedness Amount as of the beginning of the Due Period 76,500,000.00
-----------------
Invested Amount as of the beginning of the Due Period 891,000,000.00
D(6) Required Enhancement Amount 84,645,000.00
Enhancement Surplus 855,000.00
Available Enhancement Amount 84,645,000.00
D(7) Floating Allocation Percentage 30.29%
D(8) Fixed Allocation Percentage N/A
Exhibit 99 F, G and H
Page 18 of 23
E Servicing Fee Calculation
E(1) Servicing BBse Amount 891,000,000.00
E(2) Servicer Interchange 556,875.00
Class A Servicing Fee 787,500.00
Class B Servicing Fee 60,937.50
Collateral Servicing Fee 79,687.50
-----------------
Subtotal 1,485,000.00
Investor Monthly Servicing Fee 1,485,000.00
-----------------
Shortfall of Servicer Interchange 0.00
E(3) Investor Default Amount 3,593,985.71
E(4)
F Reserve Account
F(1) Reserve Account BBlance 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 BBlance AU of end of day on current Distribution Date 0.00
F(2) Required Reserve Account Amount N/A
F(3) Available Reserve Account Amount N/A
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 BBlance as of end of day on preceding Distribution Date 9,000,000.00
Deposits to Cash Collateral Account (Net of Investment Earnings) 0.00
Investment Earnings on Cash Collateral Account 48,214.34
Withdrawals from Cash Collateral Account 48,214.34
-----------------
Cash Collateral Account BBlance as of end of day on current 9,000,000.00
G(3) Cash Enhancement Surplus 0.00
G(4) Available Cash Collateral Amount 9,000,000.00
Required Cash Collateral Amount 9,000,000.00
Required Cash Collateral Percentage 1.00%
G(5) Required Draw Amount 0.00
H Interest Funding Account
H(1) Interest Funding Account BBlance as of end of day on preceding
Distribution Date 8,707,673.75
Deposits to Interest Funding Account 4,425,211.25
Interest Funding Investment Proceeds 36,500.91
Withdrawals from Interest Funding Account (13,169,385.91)
-----------------
Interest Funding Account BBlance as of end of day on current -
Distribution Date
Exhibit 99 F, G and H
Page 19 of 23
I Class A Available Funds
I(1) Class A Floating Percentage 25.70%
I(2) Principal Funding Investment Proceeds (if applicable to Class A) 0.00
Cash Collateral Account Investment Proceeds 40,908.19
Interest Funding Account Investment Proceeds 30,969.74
Class A Finance Charge Collections (excluding Interchange) 11,440,834.47
Class A allocation of Servicer Interchange 2,115,262.53
Reserve Draw Amount (if applicable to class A) 0.00
-----------------
Cclass A Available Funds 13,627,974.93
I(3) Class A Monthly Interest 4,101,300.00
-----------------
Class A Interest Shortfall 0.00
I(4) Class A Additional Interest 0.00
Class A Servicing Fee 787,500.00
Class A Allocation of Service Interchange 472,500.00
Class A Investor Default Amount 3,049,370.52
I(5) Distribution of Class A Available Funds
Class A Monthly Interest plus amounts previously due but not distributed 4,101,300.00
Class A Additional Interest plus amounts previously due but not distributed 0.00
Class A Servicing Fee plus amounts previously due but not distributed 787,500.00
Class A Allocation of Servicer Interchange 472,500.00
Class A Investor Default Amount 3,049,370.52
-----------------
Total Class A Excess Spread 5,217,304.41
I(6) Class A Required Amount 0.00
J Class B Available Funds
J(1) Class B Floating Percentage 1.99%
J(2) Principal Funding Investment Proceeds (if applicable to Class B) 0.00
Cash Collateral Account Investment Proceeds 3,167.60
Interest Funding Account Investment Proceeds 2,398.05
Class B Finance Charge Collections (excluding Interchange) 885,885.63
Class B Allocation of Servicer Interchange 163,788.81
Reserve Draw Amount (if applicable to Class B) 0.00
-----------------
Class B Available Funds 1,055,240.09
J(3) Class B Monthly Interest 323,911.25
-----------------
Class B Interest Shortfall 0.00
J(4) Class B Additional Interest 0.00
Class B Servicing Fee 60,937.50
Class B Allocation of Servicer Interchange 36,562.50
J(5) Distribution of Class B Available Funds
Class B Monthly Interest plus amounts previously due but not distributed 323,911.25
Class B Additional Interest plus amounts previously due but not distributed 0.00
Class B Servicing Fee plus amounts previously due but not distributed 60,937.50
Class B Allocation of Servicer Interchange 36,562.50
-----------------
Total Class B Excess Spread 633,828.84
J(6) Class B Investor Default Amount 236,118.57
Class B Required Amount 0.00
Exhibit 99 F, G and H
Page 20 of 23
K Collateral Available Funds
K(1) Collateral Floating Percentage 2.60%
K(2) Collateral Finance Charge Collections 4,138.57
Collateral Allocation of Interest Funding Account Proceeds 3,133.13
Collateral Allocation of Servicer Interchange 213,995.43
Collateral Allocation of Cash Collateral Account Investment Proceeds 4,138.57
-----------------
Collateral Available Funds 1,378,705.64
K(3) Collateral Monthly Interest 469,194.69
-----------------
Collateral Interest Shortfall 0.00
K(4) Collateral Additional Interest 0.00
Collateral Servicing Fee 79,687.50
Collateral Allocation of Servicer Interchange 47,812.50
K(5) Distribution of Collateral Available Funds
Collateral Servicing Fee plus amounts previously due but not distributed 79,687.50
Collateral Allocation of Servicer Interchange 47,812.50
-----------------
Total Collateral Excess Spread 1,251,205.64
K(6) Collateral Investor Default Amount 308,496.63
K(7) Collateral Required Amount 0.00
L Excess Spread and Excess Finance Charge Collections
L(1) Total Excess Spread 7,102,338.89
Excess Finance Charge Collections allocated from other series 0.00
-----------------
Subtotal 7,102,338.89
L(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 236,118.57
Applied to class B Invested Amount reductions 0.00
Applied to collateral Servicing Fee 0.00
Applied to collateral Monthly Interest & Additional Interest 469,194.69
Applied to collateral Default Amount 308,496.63
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 0.00
-----------------
Total Excess Finance Charge Collections 6,088,529.00
L(3) Finance Charge Shortfall 0.00
L(4) Portion of Reallocated Principal Collections applied to Required Amount 0.00
Exhibit 99 F, G and H
Page 21 of 23
M Principal Collections
M(1) Collections of Principal Receivables allocable to Series 1996-1 201,184,810.56
Excess Principal Collections with respect to other Series 0.00
-----------------
Subtotal 201,184,810.56
M(2) Class A Fixed Percentage N/A
Class A Monthly Principal 0.00
M(3) Class B Fixed Percentage N/A
Class B Monthly Principal 0.00
M(4) Collateral Fixed Percentage N/A
Collateral Monthly Principal 0.00
M(5) Allocation of Principal Collections
Deposit to Principal Funding Account 0.00
Distribution to Collateral Indebtedness Holder 0.00
Excess Principal Collections 201,184,810.56
Principal Shortfall 0.00
M(6) Class B Subordinated Principal Collections 13,453,608.60
Collateral Subordinated Principal Collections 17,577,579.08
-----------------
Total Subordinated Principal Collections 31,031,187.68
M(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
N Accumulation Period
N(1) Controlled Accumulation Amount (Class A) N/A
Deficit Controlled Accumulation Amount (Class A) N/A
-----------------
Controlled Deposit Amount (Class A) 0.00
N(2) Controlled Accumulation Amount (Class B) N/A
Deficit Controlled Accumulation Amount (Class B) N/A
-----------------
Controlled Deposit Amount (Class B) 0.00
N(3) Accumulation Period Factor 1.00
Monthly Payment Rate 22.5768%
Required Accumulation Factor Number 12.00
Accumulation Period Length 0
Exhibit 99 F, G and H
Page 22 of 23
O Investor Charge Offs
O(1) Class A Investor Charge Offs 0.00
Class B Investor Charge Offs 0.00
O(2) The amount of reimbursed Class A Investor Charge Offs 0.00
The amount of reimbursed Class B Investor Charge Offs 0.00
O(3) The amount, if any, by which the outstanding principal BBlance 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
P Distributions to Class A Certificateholders (per $1,000
original principal amount)
P(1) Total distribution to Class A Certificateholders 5.43
Amount with respect to interest 5.43
Amount with respect to principal 0.00
P(2) Class A Investor Charge Offs 0.00
P(3) The amount of reimbursed Class A Investor Charge Offs 0.00
Q Distributions to Class B Certificateholders (per $1,000 original
principal amount)
Q(1) Total distribution to Class B Certificateholders 5.54
Amount with respect to interest 5.54
Amount with respect to principal 0.00
Q(2) Class B Investor Charge Offs 0.00
Q(3) The amount of reimbursed Class B Investor Charge Offs 0.00
R Distributions to Collateral Indebtedness Holders (per $1,000 original
principal amount)
R(1) Total distribution to Collateral Indebtedness Holders 5.49
Amount with respect to interest 5.49
Amount with respect to principal 0.00
R(2) Collateral Investor Charge Offs 0.00
R(3) The amount of reimbursed Collateral Investor Charge Offs 0.00
<FN>
NATIONSBANK OF DELAWARE, N.A.
As Servicer
By: \s\ Emily Watson
------------------
Name: Emily Watson
Title: Vice President
Exhibit 99 F, G and H
Page 23 of 23
</TABLE>
|
|