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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):
October 15, 1997
Banc One Credit Card Master Trust
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
0-25636 31-4148768
(Commission File Number) (IRS Employer Identification Number)
c/o Bank One, N.A., as Administrator, 800 Brooksedge Blvd.,
Attn: Mark Stickle, Westerville, Ohio 43081
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(614) 248-6139
<PAGE>
Item 5. Other Events
On October 15, 1997, the Banc One Credit Card Master Trust (the "Trust") made a
regular monthly distribution of principal and/or interest to holders of the
following Certificates issued by the Trust, each of which is included in Group
One and is a Principal Sharing Series:
7.55% Class A Asset Backed Certificates, Series 1994-B
7.75% Class B Asset Backed Certificates, Series 1994-B
7.80% Class A Asset Backed Certificates, Series 1994-C
8.00% Class B Asset Backed Certificates, Series 1994-C
6.15% Class A Asset Backed Certificates, Series 1995-A
6.30% Class B Asset Backed Certificates, Series 1995-A
6.30% Class A Asset Backed Certificates, Series 1995-B
6.45% Class B Asset Backed Certificates, Series 1995-B
Floating Rate Class A Asset Backed Certificates, Series 1996-A
Floating Rate Class B Asset Backed Certificates, Series 1996-A
Floating Rate Asset Backed Certificates, Series 1997-1
Item 7. Exhibits
See page 4 for Exhibit Index.
<PAGE>
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 hereunto duly authorized.
BANC ONE CREDIT CARD MASTER TRUST
By: BANK ONE, NA, as Servicer
Date: October 10, 1997 By: /s/ Mark Stickle
----------------
Name: Mark Stickle
------------
Title: Chief Financial Officer
-----------------------
<PAGE>
EXHIBIT INDEX
Exhibit Description Page
- ------- ----------- ----
99.1 The Monthly Statements and other information reflecting
the Trust's Activities for the Monthly Period ending
September 30, 1997..............................................5-18
99.2 Monthly Servicer's Certificates.................................19-24
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 15-Oct-97 For the Monthly Period Ending:
Determined as of: 10-Oct-97 Monthly Period
Beginning Total Trust Investor-Interest Series 1994-B
--------- ----------- ----------------- -------------
<S> <C> <C> <C>
Pool Balance (Principal) 4,979,411,040.69
Finance Charges O/S 114,650,648.75
Excess Funding Account 0.00
Initial Invested Amount 4,360,000,000.00 950,000,000.00
Invested Amount 4,360,000,000.00 950,000,000.00
Class A Invested Amount 893,000,000.00
Class B Invested Amount 57,000,000.00
Principal Funding Account 446,500,000.00 446,500,000.00
Adjusted Invested Amount 3,913,500,000.00 503,500,000.00
Class A Adjusted Invested Amt 446,500,000.00
Class B Adjusted Invested Amt 57,000,000.00
Enhancement Invested Amount 0.00 0.00
Principal Allocation Pct 100.00% 87.56% 19.08%
Principal Collections 595,312,804.59 521,259,202.50 113,577,119.81
Floating Allocation Pct 100.00% 78.59% 10.11%
Finance Charge Collections 74,561,097.96 58,600,275.11 7,539,348.03
Defaulted Amount 29,497,114.13 23,182,853.39 2,982,641.29
Interchange Collections 6,534,920.61 5,136,031.47 660,787.49
Servicer Interchange 3,604,340.28 524,479.17
Shared Principal Collections 427,882,294.80 0.00
</TABLE>
<TABLE>
<CAPTION>
30-Sep-97 Days in Interest Period (30/360) 30
30 Days in Interest Period (Act/360) 30
Series 1994-C Series 1995-A Series 1995-B Series 1996-A Series 1997-1 Seller Interest
------------- ------------- ------------- ------------- ------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
Initial Invested Amount 450,000,000.00 380,000,000.00 380,000,000.00 500,000,000.00 1,700,000,000.00
Invested Amount 450,000,000.00 380,000,000.00 380,000,000.00 500,000,000.00 1,700,000,000.00
Class A Invested Amount 423,000,000.00 357,200,000.00 357,200,000.00 465,000,000.00 1,700,000,000.00
Class B Invested Amount 27,000,000.00 22,800,000.00 22,800,000.00 35,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00 0.00 0.00
Adjusted Invested Amount 450,000,000.00 380,000,000.00 380,000,000.00 500,000,000.00 1,700,000,000.00 1,065,911,040.69
Class A Adjusted Invested Amt 423,000,000.00 357,200,000.00 357,200,000.00 465,000,000.00 1,700,000,000.00 NA
Class B Adjusted Invested Amt 27,000,000.00 22,800,000.00 22,800,000.00 35,000,000.00 0.00 NA
Enhancement Invested Amount 0.00 0.00 0.00 0.00 0.00 NA
Principal Allocation Pct 9.04% 7.63% 7.63% 10.04% 34.14% 12.44%
Principal Collections 53,799,688.33 45,430,847.92 45,430,847.92 59,777,431.48 203,243,267.03 74,053,602.08
Floating Allocation Pct 9.04% 7.63% 7.63% 10.04% 34.14% 21.41%
Finance Charge Collections 6,738,245.51 5,690,073.99 5,690,073.99 7,486,939.45 25,455,594.14 15,960,822.85
Defaulted Amount 2,665,717.14 2,251,050.03 2,251,050.03 2,961,907.93 10,070,486.97 6,314,260.74
Interchange Collections 590,574.72 498,707.54 498,707.54 656,194.13 2,231,060.05
Servicer Interchange 468,750.00 395,833.33 395,833.33 520,833.33 1,298,611.11
Shared Principal Collections 56,465,405.47 47,681,897.95 47,681,897.95 62,739,339.41 213,313,754.00
</TABLE>
<TABLE>
<CAPTION>
Ending Total Trust Investor Interest Series 1994-B Series 1994-C Series 1995-A
------ ----------- ----------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal) 4,898,153,526.58
Finance Charges O/S 114,874,195.69
Excess Funding Account 0.00
Initial Invested Amount 4,360,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Invested Amount 4,360,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Class A Invested Amount 893,000,000.00 423,000,000.00 357,200,000.00
Class B Invested Amount 57,000,000.00 27,000,000.00 22,800,000.00
Principal Funding Account 669,750,000.00 669,750,000.00 0.00 0.00
Adjusted Invested Amount 3,690,250,000.00 280,250,000.00 450,000,000.00 380,000,000.00
Class A Adjusted Invested Amt 223,250,000.00 423,000,000.00 357,200,000.00
Class B Adjusted Invested Amt 57,000,000.00 27,000,000.00 22,800,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 89.01% 19.40% 9.19% 7.76%
Floating Allocation Pct 100.00% 75.34% 5.72% 9.19% 7.76%
</TABLE>
<TABLE>
<CAPTION>
Series 1995-B Series 1996-A Series 1997-1 Seller Interest
------------- ------------- ------------- ---------------
<S> <C> <C> <C>
Initial Invested Amount 380,000,000.00 500,000,000.00 1,700,000,000.00
Invested Amount 380,000,000.00 500,000,000.00 1,700,000,000.00
Class A Invested Amount 357,200,000.00 465,000,000.00 1,700,000,000.00
Class B Invested Amount 22,800,000.00 35,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 500,000,000.00 1,700,000,000.00 1,207,903,526.58
Class A Adjusted Invested Amt 357,200,000.00 465,000,000.00 1,700,000,000.00 NA
Class B Adjusted Invested Amt 22,800,000.00 35,000,000.00 0.00 NA
Enhancement Invested Amount 0.00 0.00 0.00 NA
Principal Allocation Pct 7.76% 10.21% 34.71% 10.99%
Floating Allocation Pct 7.76% 10.21% 34.71% 24.66%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<S> <C> <C>
Distribution Date of: 15-Oct-97 For the Monthly Period Ending: 30-Sep-97 Days in Interest Period (30/360)
Determined as of: 10-Oct-97 Monthly Period 30 Days in Interest Period (Act/360)
</TABLE>
<TABLE>
<CAPTION>
Gross Balances of
Minimum Balance Requirement Accounts Delinquent: (%) ($)
- --------------------------- ------------------- --- ---
<S> <C> <C> <C> <C>
Trust Initial Invested Amount 4,360,000,000.00 (%) ($)
Trust PFA 669,750,000.00 30 - 59 days 2.29% 114,863,366.48
Ending Portfolio Principal Balance 4,898,153,526.58 60 - 89 days 1.30% 65,112,179.81
90 days + 2.56% 128,340,225.63
Beginning Excess Funding Acct Bal 0.00 Total 30 days + 6.15% 308,315,771.92
Required Excess Funding Account Deposit 0.00
Excess Funding Account Withdrawal 0.00
Seller's Participation Amt (w/o EFA) 1,207,903,526.58 Gross Credit Losses 7.69% 31,889,941.35
Required Seller's Interest 342,870,746.86 Net Credit Losses 7.11% 29,497,114.13
Required Excess Funding Account Balance 0.00 Discount Option Receivables 0
Seller's Participation Amount 1,207,903,526.58 Discount Percentage 0.00%
Finance Charge Billed - pool 65,377,808.85
Fees Billed - pool 7,471,653.04
Interest Earned on Collection Account 2,957,873.00
Required Principal Balance 4,360,000,000.00
EFA + Receivables + PFA 5,567,903,526.58
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1994-B
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Oct-97
Determined as of: 10-Oct-97
For the Monthly Period Ending: 30-Sep-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
---------------- ---------------- --------------
Pool Balance (Principal) 4,979,411,040.69 4,898,153,526.58 (81,257,514.11)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 950,000,000.00 950,000,000.00 0.00
Class A Invested Amount 893,000,000.00 893,000,000.00 0.00
Class B Invested Amount 57,000,000.00 57,000,000.00 0.00
Principal Funding Account 446,500,000.00 669,750,000.00 223,250,000.00
Adjusted Invested Amount 503,500,000.00 280,250,000.00 (223,250,000.00)
Class A Adjusted Invested Amount 446,500,000.00 223,250,000.00 (223,250,000.00)
Class B Adjusted Invested Amount 57,000,000.00 57,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 465,831.70 465,831.70
Available Cash Collateral Amount 53,781,490.59 34,722,500.00 (19,058,990.59)
Available Shared Collateral Amount 44,281,490.59 25,222,500.00 (19,058,990.59)
Spread Account 36,559,934.48 34,722,500.00 (1,837,434.48)
Servicing Base Amount 503,500,000.00 280,250,000.00 (223,250,000.00)
Allocation Percentages
- ----------------------
Floating Allocation Pct 10.11%
Principal Allocation Pct 19.08%
Class A Floating Pct 88.68%
Class B Floating Pct 11.32%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1994-B Class A Class B
- ----------- --------------- -------------- -------------- ------------
Principal Collections 595,312,804.59 113,577,119.81 106,762,492.62 6,814,627.19
Finance Charge Collections 74,561,097.96 7,539,348.03 6,685,836.93 853,511.10
PFA Investment Proceeds NA 2,182,888.89 2,182,888.89 0.00
Reserve Account Draw NA 0.00 0.00 0.00
-------------- -------------- ------------
Available Funds 9,722,236.92 8,868,725.82 853,511.10
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 524,479.17 465,104.17 59,375.00
Monthly Interest 5,986,583.33 5,618,458.33 368,125.00
Monthly Servicing Fee 314,687.50 279,062.50 35,625.00
Defaulted Amounts 29,497,114.13 2,982,641.29 2,644,983.78 337,657.50
------------ ------------ ----------
9,808,391.29 9,007,608.78 800,782.50
Excess Spread 0.00 0.00 52,728.59
Required Amount 86,154.37 138,882.96 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 16,446.88
Risk-Free Fee 13,062.50
Interest on CCA Draw 5,071.09
Total Fees - Interest 34,580.46
</TABLE>
<PAGE>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage -1.26%
Principal Payment Rate Calculation 12.11%
Calculated Current Month's Spread Account Cap 5.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 5.50%
Beginning Cash Collateral Amount 53,781,490.59
Required Cash Collateral Amount 34,722,500.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 19,058,990.59
Beginning Spread Account Balance 36,559,934.48
Required Spread Account Amount 34,722,500.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 1,837,434.48
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 3
Controlled Accumulation Amount 223,250,000.00
Required PFA Balance 669,750,000.00
Beginning PFA Balance 446,500,000.00
Controlled Deposit Amount 223,250,000.00
Available Investor Principal Collections 116,559,761.10
Principal Shortfall 106,690,238.90
Shared Principal to Other Series 0.00
Shared Principal from Other Series 106,690,238.90
Class A Monthly Principal 223,250,000.00
Class B Monthly Principal 0.00
Monthly Principal 223,250,000.00
PFA Deposit 223,250,000.00
PFA Withdrawal 0.00
Ending PFA Balance 669,750,000.00
Principal to Investors 0.00
Ending Class A Invested Amount 893,000,000.00
Ending Class B Invested Amount 57,000,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.38%
Revolving Investor Interest 4,360,000,000.00
Class A Invested Amount 893,000,000.00
Available Principal 452,500,156.46
Class A Accumulation Period Length 4
Reserve Account
- ---------------
Available Reserve Account Amount 465,831.70
Covered Amount 2,809,229.17
Reserve Draw Amount 0.00
Portfolio Yield 12.26%
Reserve Account Factor 33.33%
Portfolio Adjusted Yield 2.13%
Reserve Account Funding Period Length 0
Reserve Account Funding Date 15-Aug-97
Weighted Average Coupon 7.56%
Required Reserve Account Amount 3,166,666.67
Reserve Account Surplus 0.00
Required Reserve Account Deposit 3,166,666.67
Portfolio Yield - 3 month average 11.32%
Base Rate - 3 month average 9.09%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.23%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1994-C
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Oct-97
Determined as of: 10-Oct-97
For the Monthly Period Ending: 30-Sep-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
---------------- ---------------- ---------------
Pool Balance (Principal) 4,979,411,040.69 4,898,153,526.58 (81,257,514.11)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 450,000,000.00 450,000,000.00 0.00
Class A Invested Amount 423,000,000.00 423,000,000.00 0.00
Class B Invested Amount 27,000,000.00 27,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 450,000,000.00 450,000,000.00 0.00
Class A Adjusted Invested Amount 423,000,000.00 423,000,000.00 0.00
Class B Adjusted Invested Amount 27,000,000.00 27,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 44,194,934.65 45,000,000.00 805,065.35
Available Shared Collateral Amount 39,694,934.65 40,500,000.00 805,065.35
Spread Account 17,198,977.51 21,857,035.98 4,658,058.47
Servicing Base Amount 450,000,000.00 450,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 9.04%
Principal Allocation Pct 9.04%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1994-C Class A Class B
- ----------- -------------- ------------- ------------- ------------
Principal Collections 595,312,804.59 53,799,688.33 50,571,707.03 3,227,981.30
Finance Charge Collections 74,561,097.96 6,738,245.51 6,333,950.78 404,294.73
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ------------
Available Funds 6,738,245.51 6,333,950.78 404,294.73
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 468,750.00 440,625.00 28,125.00
Monthly Interest 2,929,500.00 2,749,500.00 180,000.00
Monthly Servicing Fee 281,250.00 264,375.00 16,875.00
Defaulted Amounts 29,497,114.13 2,665,717.14 2,505,774.11 159,943.03
------------- ------------- ------------
6,345,217.14 5,960,274.11 384,943.03
Excess Spread 393,028.37 373,676.67 19,351.70
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 19,687.50
Risk-Free Fee 6,187.50
Interest on CCA Draw 3,950.19
Total Fees - Interest 29,825.19
</TABLE>
<PAGE>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage -0.24%
Principal Payment Rate Calculation 12.11%
Calculated Current Month's Spread Account Cap 6.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 6.00%
Beginning Cash Collateral Amount 44,194,934.65
Required Cash Collateral Amount 45,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 17,198,977.51
Required Spread Account Amount 27,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 9,801,022.49
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 141,000,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 56,465,405.47
Principal Shortfall 0.00
Shared Principal to Other Series 56,465,405.47
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 423,000,000.00
Ending Class B Invested Amount 27,000,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.38%
Revolving Investor Interest 3,410,000,000.00
Class A Invested Amount 423,000,000.00
Available Principal 353,904,938.88
Class A Accumulation Period Length 2
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.74%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 1.41%
Reserve Account Funding Period Length 2
Reserve Account Funding Date 15-Aug-98
Weighted Average Coupon 7.81%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.32%
Base Rate - 3 month average 9.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 1.51%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-A
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Oct-97
Determined as of: 10-Oct-97
For the Monthly Period Ending: 30-Sep-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
---------------- ---------------- ---------------
Pool Balance (Principal) 4,979,411,040.69 4,898,153,526.58 (81,257,514.11)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Adjusted Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 38,000,000.00 38,000,000.00 0.00
Available Shared Collateral Amount 34,200,000.00 34,200,000.00 0.00
Spread Account 15,347,299.66 18,551,700.72 3,204,401.06
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 7.63%
Principal Allocation Pct 7.63%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-A Class A Class B
- ----------- -------------- ------------- ------------- ------------
Principal Collections 595,312,804.59 45,430,847.92 42,704,997.05 2,725,850.88
Finance Charge Collections 74,561,097.96 5,690,073.99 5,348,669.55 341,404.44
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ------------
Available Funds 5,690,073.99 5,348,669.55 341,404.44
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 395,833.33 372,083.33 23,750.00
Monthly Interest 1,950,350.00 1,830,650.00 119,700.00
Monthly Servicing Fee 237,500.00 223,250.00 14,250.00
Defaulted Amounts 29,497,114.13 2,251,050.03 2,115,987.03 135,063.00
------------- ------------- ------------
4,834,733.36 4,541,970.36 292,763.00
Excess Spread 990,403.62 806,699.19 183,704.44
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 11,083.33
Risk-Free Fee 2,850.00
Interest on CCA Draw 0.00
Monthly Cash Collateral Fee 13,933.33
</TABLE>
<PAGE>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 1.94%
Principal Payment Rate Calculation 12.11%
Calculated Current Month's Spread Account Cap 5.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 5.50%
Beginning Cash Collateral Amount 38,000,000.00
Required Cash Collateral Amount 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 15,347,299.66
Required Spread Account Amount 20,900,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 5,552,700.34
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 119,066,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 47,681,897.95
Principal Shortfall 0.00
Shared Principal to Other Series 47,681,897.95
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.38%
Revolving Investor Interest 2,960,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 307,201,941.08
Class A Accumulation Period Length 2
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.74%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 3.06%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Feb-00
Weighted Average Coupon 6.16%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.32%
Base Rate - 3 month average 8.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.16%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Oct-97
Determined as of: 10-Oct-97
For the Monthly Period Ending: 30-Sep-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
---------------- ---------------- ---------------
Pool Balance (Principal) 4,979,411,040.69 4,898,153,526.58 (81,257,514.11)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Adjusted Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 38,000,000.00 38,000,000.00 0.00
Available Shared Collateral Amount 34,200,000.00 34,200,000.00 0.00
Spread Account 20,193,213.47 20,900,000.00 706,786.53
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 7.63%
Principal Allocation Pct 7.63%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-B Class A Class B
- ----------- -------------- ------------- ------------- ------------
Principal Collections 595,312,804.59 45,430,847.92 42,704,997.05 2,725,850.88
Finance Charge Collections 74,561,097.96 5,690,073.99 5,348,669.55 341,404.44
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ------------
Available Funds 5,690,073.99 5,348,669.55 341,404.44
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 395,833.33 372,083.33 23,750.00
Monthly Interest 1,997,850.00 1,875,300.00 122,550.00
Monthly Servicing Fee 237,500.00 223,250.00 14,250.00
Defaulted Amounts 29,497,114.13 2,251,050.03 2,115,987.03 135,063.00
------------- ------------- ------------
4,882,233.36 4,586,620.36 295,613.00
Excess Spread 942,903.62 762,049.19 180,854.44
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 10,238.90
Risk-Free Fee 5,384.86
Interest on CCA Draw or
Difference between Loan Interest
and Deposit Interest (11,983.70)
-------------
Monthly Cash Collateral Fee 3,640.06
</TABLE>
<PAGE>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 1.79%
Principal Payment Rate Calculation 12.11%
Calculated Current Month's Spread Account Cap 5.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 5.50%
Beginning Cash Collateral Amount 38,000,000.00
Required Cash Collateral Amount 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 20,193,213.47
Required Spread Account Amount 20,900,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 706,786.53
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 89,300,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor PrincipalCollections 47,681,897.95
Principal Shortfall 0.00
Shared Principal to Other Series 47,681,897.95
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.38%
Revolving Investor Interest 2,580,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 267,763,854.05
Class A Accumulation Period Length 2
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.74%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 2.91%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-00
Weighted Average Coupon 6.31%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.32%
Base Rate - 3 month average 8.31%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.01%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Distribution Date of: 15-Oct-97
Determined as of: 10-Oct-97
For the Monthly Period Ending: 30-Sep-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
---------------- ---------------- ---------------
Pool Balance (Principal) 4,979,411,040.69 4,898,153,526.58 (81,257,514.11)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Invested Amount 35,000,000.00 35,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Adjusted Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Adjusted Invested Amount 35,000,000.00 35,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 50,000,000.00 50,000,000.00 0.00
Available Shared Collateral Amount 50,000,000.00 50,000,000.00 0.00
Spread Account 19,089,988.83 20,708,453.20 1,618,464.37
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 10.04%
Principal Allocation Pct 10.04%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
Series
Allocations Trust 1996-A Class A Class B
- ----------- -------------- ------------- ------------- ------------
Principal Collections 595,312,804.59 59,777,431.48 55,593,011.28 4,184,420.20
Finance Charge Collections 74,561,097.96 7,486,939.45 6,962,853.69 524,085.76
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ------------
Available Funds 7,486,939.45 6,962,853.69 524,085.76
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,452,083.33 2,277,046.88 175,036.46
Monthly Servicing Fee 312,500.00 290,625.00 21,875.00
Defaulted Amounts 29,497,114.13 2,961,907.93 2,754,574.38 207,333.56
------------- ------------- ------------
6,247,324.60 5,806,621.25 440,703.35
Excess Spread 1,446,948.41 1,156,232.44 290,715.97
Required Amount 0.00 0.00 0.00
1 Month Libor Rate 5.656250%
Cash Collateral Account
- -----------------------
Cash Collateral Fee 26,041.67
Interest on CCA Draw 0.00
Total 26,041.67
</TABLE>
<PAGE>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 2.16%
Principal Payment Rate Calculation 12.11%
Calculated Current Month's Spread Account Cap 4.25%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 4.25%
Beginning Cash Collateral Amount 50,000,000.00
Required Cash Collateral Amount 50,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 19,089,988.83
Required Spread Account Amount 21,250,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 2,160,011.17
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 51,666,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 62,739,339.41
Principal Shortfall 0.00
Shared Principal to Other Series 62,739,339.41
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 465,000,000.00
Ending Class B Invested Amount 35,000,000.00
Class A Accumulation Period Length
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.38%
Revolving Investor Interest 2,200,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 228,325,767.02
Class A Accumulation Period Length 3
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.74%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 3.20%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Nov-02
Weighted Average Coupon 5.89%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.32%
Base Rate - 3 month average 8.02%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.30%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1997-1
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Distribution Date of: 15-Oct-97
Determined as of: 10-Oct-97
For the Monthly Period Ending: 30-Sep-97
Days in Interest Period (30/360) 22
Days in Interest Period (Actual/360) 22
Beginning Ending Change
---------------- ---------------- ---------------
Pool Balance (Principal) 4,979,411,040.69 4,898,153,526.58 (81,257,514.11)
Excess Funding Account 0.00 0.00 0.00
Maximum Certificate Invested Amount 1,700,000,000.00 1,700,000,000.00 0.00
Invested Amount 1,700,000,000.00 1,700,000,000.00 0.00
Partial Amortization Amount 0.00 0.00 0.00
Specified Payment Date n/a
Partial Amortization Amount Principal 0.00 0.00 0.00
All prior Partial Amortization Amount reductions
related to above Specified Payment Date
Partial Amortization Amount - Total 0.00 0.00 0.00
Commitment 165,750,000.00 165,750,000.00 0.00
Available Cash Collateral Amount 216,750,000.00 216,750,000.00 0.00
Seller Reserve Portion 51,000,000.00 51,000,000.00 0.00
Unused Commitment 0.00 0.00 0.00
Servicing Base Amount 1,700,000,000.00 1,700,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 34.14%
Principal Allocation Pct 34.14%
Allocations Master Trust Series 1997-1
- ----------- -------------- --------------
Principal Collections 595,312,804.59 203,243,267.03
Finance Charge Collections 74,561,097.96 25,455,594.14
Interest Earned on CCA-Seller
Account NA 164,000.00
blank 0.00
--------------
Total Available Fund 25,619,594.14
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 1,298,611.11
Monthly Interest 6,363,921.67
Monthly Servicing Fee 779,166.67
Defaulted Receivables 29,497,114.13 10,070,486.97
---------------
18,512,186.42
Excess Spread 7,107,407.73
Required Amount 0.00
Prepayable Increase Amount
Interest - Total 0.00
Prepayable Increase Amount
Interest - Paid 0.00
Prepayable Increase Amount
Interest - Unpaid 0.00
Eurodollar Rate 0.000000%
CP Rate 5.815700%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account
- -----------------------
Monthly Cash Collateral Fee 50,645.83
Risk Rate Base Portion Fee 0.00
Commitment Fee 0.00
---------
TOTAL FEES 50,645.83
Risk Rate Base Portion 0.00
Risk Rate 0.00%
Quarterly Excess Spread Percentage 4.98%
Applicable Excess Spread Percentage 4.98%
Lender Percentage 9.75%
Beginning Cash Collateral Amount 216,750,000.00
Required Cash Collateral Amount 216,750,000.00
Draw Amount 0.00
Cash Collateral Account Surplus 0.00
Beginning Seller Reserve Portion-Balance 51,000,000.00
Required Seller Reserve Portion 51,000,000.00
Amount Deposited to the CCA (per 4.07(g) of Supplement) 0.00
Ending Cash Collateral Amount - Lender Sub-Account 165,750,000.00
Ending Cash Collateral Amount - Seller Sub-Account 51,000,000.00
Available Cash Collateral Amount - Ending Balance 216,750,000.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Amortization n/a
Controlled Distribution Amount 0.00
Available Investor Principal Collections 213,313,754.00
Principal Shortfall 0.00
Shared Principal to Other Series 213,313,754.00
Shared Principal from Other Series 0.00
Monthly Principal 0.00
Ending Invested Amount 1,700,000,000.00
Amortization Period Length
- --------------------------
Min 12 Month Historical Prin Pmt Rate 10.38%
Revolving Investor Interest 1,700,000,000.00
Invested Amount 1,700,000,000.00
Available Principal 176,433,547.24
Class A Accumulation Period Length 10
Payout Events
- -------------
Portfolio Yield - for the month 12.85%
Portfolio Yield - 3 month average 12.85%
Base Rate - 3 month average 5.96%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 6.89%
Required CCA - Available Cash Collateral Amount 0.00
Required CCA - Available Cash Collateral Amount (as % of Invested Amount) 0.00%
</TABLE>
Exhibit 99.2
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1994-B
The undersigned, a duly authorized representative of BANK ONE, NA, as
Servicer ("Bank One"), pursuant to the Pooling and Servicing Agreement dated as
of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1994-B Supplement (as amended and supplemented, the
"Series Supplement"), between Bank One, as Seller and Servicer, and Bankers
Trust Company, as Trustee, does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. Bank One is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
15-Oct-97.
5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under
the Agreement through the Monthly Period preceding such Distribution Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default.]
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other pursuant to the
Agreement. [or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 10th day of October 1997.
BANK ONE, NA
as Servicer
By: /s/ Mark Stickle
---------------------------
Name: Mark Stickle
Title: Chief Financial Officer
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1994-C
The undersigned, a duly authorized representative of BANK ONE, NA, as
Servicer ("Bank One"), pursuant to the Pooling and Servicing Agreement dated as
of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1994-C Supplement (as amended and supplemented, the
"Series Supplement"), between Bank One, as Seller and Servicer, and Bankers
Trust Company, as Trustee, does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. Bank One is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
15-Oct-97.
5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under
the Agreement through the Monthly Period preceding such Distribution Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default.]
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other pursuant to the
Agreement. [or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 10th day of October 1997.
BANK ONE, NA
as Servicer
By: /s/ Mark Stickle
---------------------------
Name: Mark Stickle
Title: Chief Financial Officer
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1995-A
The undersigned, a duly authorized representative of BANK ONE, NA, as
Servicer ("Bank One"), pursuant to the Pooling and Servicing Agreement dated as
of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1995-A Supplement (as amended and supplemented, the
"Series Supplement"), between Bank One, as Seller and Servicer, and Bankers
Trust Company, as Trustee, does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. Bank One is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
15-Oct-97.
5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under
the Agreement through the Monthly Period preceding such Distribution Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default.]
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other pursuant to the
Agreement. [or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 10th day of October 1997.
BANK ONE, NA
as Servicer
By: /s/ Mark Stickle
---------------------------
Name: Mark Stickle
Title: Chief Financial Officer
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1995-B
The undersigned, a duly authorized representative of BANK ONE, NA, as
Servicer ("Bank One"), pursuant to the Pooling and Servicing Agreement dated as
of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1995-B Supplement (as amended and supplemented, the
"Series Supplement"), between Bank One, as Seller and Servicer, and Bankers
Trust Company, as Trustee, does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. Bank One is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
15-Oct-97.
5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under
the Agreement through the Monthly Period preceding such Distribution Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default.]
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other pursuant to the
Agreement. [or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 10th day of October 1997.
BANK ONE, NA
as Servicer
By: /s/ Mark Stickle
---------------------------
Name: Mark Stickle
Title: Chief Financial Officer
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1996-A
The undersigned, a duly authorized representative of BANK ONE, NA, as
Servicer ("Bank One"), pursuant to the Pooling and Servicing Agreement dated as
of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1996-A Supplement dated as of March 27, 1996 (as
amended and supplemented, the "Series Supplement"), between Bank One, as Seller
and Servicer, and Bankers Trust Company, as Trustee, does hereby certify as
follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. Bank One is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
15-Oct-97.
5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under
the Agreement through the Monthly Period preceding such Distribution Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default; if applicable].
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event occurred on or prior to such Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to the
Agreement. [or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 10th day of October 1997.
BANK ONE, NA
as Servicer
By: /s/ Mark Stickle
---------------------------
Name: Mark Stickle
Title: Chief Financial Officer
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1997-1
The undersigned, a duly authorized representative of BANK ONE, NA, as
Servicer ("Bank One"), pursuant to the Pooling and Servicing Agreement dated as
of November 1, 1994 (as amended and supplemented, the "Agreement"), as
supplemented by the Series 1997-1 Supplement dated as of September 23, 1997 (as
amended and supplemented, the "Series Supplement"), between Bank One, as Seller
and Servicer, and Bankers Trust Company, as Trustee, does hereby certify as
follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2. Bank One is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occuring on
15-Oct-97.
5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under
the Agreement through the Monthly Period preceding such Distribution Date.
[Or if there has been a default in the performance of any such obligation,
set forth in detail the (i) nature of such default, (ii) the action taken
by the Seller and Servicer, if any, to remedy such default and (iii) the
current status of each such default; if applicable].
6. As of the date hereof, to the best knowledge of the undersigned, no
Pay Pay Out Event has been deemed to have occurred on or prior to such
Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to the
Agreement. [or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this 10th day of October 1997.
BANK ONE, NA
as Servicer
By: /s/ Mark Stickle
---------------------------
Name: Mark Stickle
Title: Chief Financial Officer
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