|
|
|
|
|
|
|
|
|
|
|
|
|
<PAGE> 1
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: November 15, 2000
-----------------
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
Virginia 0-25762 54-1719855
----------------------------- ---------------- ----------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11013 West Broad Street Road, Glen Allen, Virginia 23060
-------------------------------------------------- --------------
(Address of principal executive offices) (Zip Code)
</TABLE>
(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 43
<PAGE> 2
<TABLE>
<CAPTION>
ITEM 5. OTHER EVENTS
------------
<S> <C>
The October 2000 monthly Certificateholder's Statements to
investors were distributed November 15, 2000.
ITEM 7 (c). EXHIBITS
--------
The following are filed as exhibits to this Report under Exhibit 20:
1. October Performance Summary
2. Series 1996-1 Class A and Class B Certificateholder's Statements
for the month of October 2000.
3. Series 1996-2 Class A and Class B Certificateholder's Statements
for the month of October 2000.
4. Series 1996-3 Class A and Class B Certificateholder's Statements
for the month of October 2000.
5. Series 1997-1 Class A and Class B Certificateholder's Statements
for the month of October 2000.
6. Series 1997-2 Class A and Class B Certificateholder's Statements
for the month of October 2000.
7. Series 1998-1 Class A and Class B Certificateholder's Statements
for the month of October 2000.
8. Series 1998-3 Class A and Class B Certificateholder's Statements
for the month of October 2000.
9. Series 1998-4 Class A and Class B Certificateholder's Statements
for the month of October 2000.
10. Series 1999-1 Class A and Class B Certificateholder's Statements
for the month of October 2000
11. Series 1999-2 Class A and Class B Certificateholder's Statements
for the month of October 2000
12. Series 1999-3 Class A and Class B Certificateholder's Statements
for the month of October 2000
13. Series 2000-1 Class A and Class B Certificateholder's Statements
for the month of October 2000
14. Series 2000-2 Class A and Class B Certificateholder's Statements
for the month of October 2000
15. Series 2000-3 Class A and Class B Certificateholder's Statements
for the month of October 2000
16. Series 2000-4 Class A and Class B Certificateholder's Statements
for the month of October 2000
17. Trust Excess Spread Analysis
</TABLE>
Page 2 of 43
<PAGE> 3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned there-unto duly authorized.
CAPITAL ONE MASTER TRUST
By: CAPITAL ONE BANK
Servicer
By: /s/ David M. Willey
------------------------------
David M. Willey
Senior Vice President of Corporate
Financial Management
Date: November 15, 2000
Page 3 of 43
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
EXHIBITS
TO
FORM 8-K
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Page 4 of 43
<PAGE> 5
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
------ -------- ------------
<S> <C> <C>
1 October Performance Summary 07
2 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of October 2000 09
3 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of October 2000 11
4 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of October 2000 13
5 Series 1997-1 Class A and Class B Certificate-
holder's Statements for the month of October 2000 15
6 Series 1997-2 Class A and Class B Certificate-
holder's Statements for the month of October 2000 17
7 Series 1998-1 Class A and Class B Certificate-
holder's Statements for the month of October 2000 20
8 Series 1998-3 Class A and Class B Certificate-
holder's Statements for the month of October 2000 22
9 Series 1998-4 Class A and Class B Certificate-
holder's Statements for the month of October 2000 25
10 Series 1999-1 Class A and Class B Certificate-
holder's Statements for the month of October 2000 28
11 Series 1999-2 Class A and Class B Certificate-
holder's Statements for the month of October 2000 31
12 Series 1999-3 Class A and Class B Certificate-
holder's Statements for the month of October 2000 33
13 Series 2000-1 Class A and Class B Certificate-
holder's Statements for the month of October 2000 35
14 Series 2000-2 Class A and Class B Certificate-
</TABLE>
Page 5 of 43
<PAGE> 6
<TABLE>
<S> <C> <C>
holder's Statements for the month of October 2000 37
15 Series 2000-3 Class A and Class B Certificate-
holder's Statements for the month of October 2000 39
16 Series 2000-4 Class A and Class B Certificate-
holder's Statements for the month of October 2000 41
17 Trust Excess Spread Analysis 43
</TABLE>
Page 6 of 43
<PAGE> 7
<TABLE>
<CAPTION>
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : SEPTEMBER 2000
<S> <C> <C>
Beginning of the Month Principal Receivables : 13,969,149,029.46
-------------------
Beginning of the Month Finance Charge Receivables : 431,645,311.75
-------------------
Beginning of the Month Discounted Receivables : 0.00
-------------------
Beginning of the Month Total Receivables : 14,400,794,341.21
-------------------
Removed Principal Receivables : 0.00
-------------------
Removed Finance Charge Receivables : 0.00
-------------------
Removed Total Receivables : 0.00
-------------------
Additional Principal Receivables : 488,365,785.19
-------------------
Additional Finance Charge Receivables : 26,839,550.93
-------------------
Additional Total Receivables : 515,205,336.12
-------------------
Discounted Receivables Generated this Period 0.00
-------------------
End of the Month Principal Receivables : 13,926,790,876.93
-------------------
End of the Month Finance Charge Receivables : 421,721,881.06
-------------------
End of the Month Discounted Receivables : 0.00
-------------------
End of the Month Total Receivables : 14,348,512,757.99
-------------------
Excess Funding Account Balance 0.00
-------------------
Adjusted Invested Amount of all Master Trust Series 11,552,976,677.68
-------------------
End of the Month Seller Percentage 17.04%
-------------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : SEPTEMBER 2000 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 202,108.00 203,664,942.19
------------------- -------------------
60 - 89 Days Delinquent 113,127.00 123,786,285.61
------------------- -------------------
90 + Days Delinquent 200,034.00 234,238,051.27
------------------- -------------------
Total 30 + Days Delinquent 515,269.00 561,689,279.07
------------------- -------------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 3.91%
-------------------
Defaulted Accounts During the Month 59,736.00 47,316,175.27
------------------- -------------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 4.06%
-------------------
</TABLE>
Page 7 of 43
<PAGE> 8
<TABLE>
<S> <C> <C>
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : SEPTEMBER 2000 COLLECTIONS PERCENTAGES
----------- -----------
Total Collections and Gross Payment Rate 2,443,008,413.81 16.96%
------------------- -------------------
Collections of Principal Receivables and Principal Payment Rate 2,170,711,796.56 15.54%
------------------- -------------------
Prior Month Billed Finance Charge and Fees 209,692,576.90
-------------------
Amortized AMF Income 19,968,987.33
-------------------
Interchange Collected 28,421,568.33
-------------------
Recoveries of Charged Off Accounts 17,471,706.93
-------------------
Collections of Discounted Receivables 0.00
-------------------
Collections of Finance Charge Receivables and Annualized Yield 275,554,839.49 23.67%
------------------- ------------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : SEPTEMBER 2000
Beginning Unamortized AMF Balance 93,757,841.22
------------------
+ AMF Slug for Added Accounts 20,179,786.33
-------------------
+ AMF Collections 16,710,765.09
-------------------
- Amortized AMF Income 19,968,987.33
-------------------
Ending Unamortized AMF Balance 110,679,405.31
------------------
</TABLE>
/s/ Tom Feil
-------------------------
Tom Feil
Director of Securitization
Page 8 of 43
|
|