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Previous: ASSISTED LIVING CONCEPTS INC, SC 13G/A, 1998-01-29 |
Next: OCEAN ENERGY INC, S-8, 1998-01-29 |
================================================================================
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):
-------------------------------------------------
January 15, 1998
Banc One Credit Card Master Trust
-----------------------------------------
(Issuer with respect to the Certificates)
Bank One, N.A.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
United States
----------------------------------------------
(State or other jurisdiction of organization)
0-25636 31-4148768
------------------------ ------------------------------------
(Commission File Number) (IRS Employer Identification Number)
c/o Bank One, Columbus, N.A., as Administrator, 1601 Elm Street,
Attn: Tracie Klein, Dallas, Texas 75201
---------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
---------------------------------------------------
(214) 849-2430
================================================================================
<PAGE>
Item 5. Other Events
On January 15, 1998, 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:
7.80% 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
Asset Backed Certificates, Series 1997-1
Asset Backed Certificates, Series 1997-2
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
Date: January 9, 1998 By: /s/ Tracie Klein
------------------------
Name: Tracie Klein
Title: Vice President
Bank One, N.A.
<PAGE>
EXHIBIT INDEX
Exhibit Description Page
- ------- ----------- ----
99.1 The Monthly Statements and other information reflecting
the Trust's Activities for the Monthly Period ending
December 31, 1997 ............................................ 5-18
99.2 Monthly Servicer's Certificates............................... 19-24
Exhibit 99.1
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
Distribution Date of: 15-Jan-98 For the Monthly Period Ending: 31-Dec-97 Days in Interest Period (30/360) 30
Determined as of: 09-Jan-98 Monthly Period 38 Days in Interest Period (Act/360) 31
</TABLE>
<TABLE>
<CAPTION>
Beginning Total Trust Investor Interest Series 1994-C Series 1995-A Series 1995-B
--------- ----------- ----------------- ------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal) 4,854,079,690.60
Finance Charges O/S 124,921,362.46
Excess Funding Account 0.00
Initial Invested Amount 4,310,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
Invested Amount 4,310,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
Class A Invested Amount 423,000,000.00 357,200,000.00 357,200,000.00
Class B Invested Amount 27,000,000.00 22,800,000.00 22,800,000.00
Principal Funding Account 0.00 0.00 0.00 0.00
Adjusted Invested Amount 4,310,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
Class A Adjusted Invested Amt 423,000,000.00 357,200,000.00 357,200,000.00
Class B Adjusted Invested Amt 27,000,000.00 22,800,000.00 22,800,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 88.79% 9.27% 7.83% 7.83%
Principal Collections 628,921,436.34 558,427,459.66 58,304,491.15 49,234,903.64 49,234,903.64
Floating Allocation Pct 100.00% 88.79% 9.27% 7.83% 7.83%
Finance Charge Collections 79,320,216.68 70,429,444.03 7,353,422.23 6,209,556.55 6,209,556.55
Defaulted Amount 36,897,848.38 32,762,075.75 3,420,634.36 2,888,535.68 2,888,535.68
Interchange Collections 8,086,549.02 7,180,151.23 749,667.76 633,052.78 633,052.78
Servicer Interchange 4,427,083.33 468,750.00 395,833.33 395,833.33
Shared Principal Collections 591,189,535.41 61,725,125.51 52,123,439.32 52,123,439.32
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Beginning Series 1996-A Series 1997-1 Series 1997-2 Seller Interest
--------- -------------- -------------- -------------- ---------------
<S> <C> <C> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 500,000,000.00 1,700,000,000.00 900,000,000.00
Invested Amount 500,000,000.00 1,700,000,000.00 900,000,000.00
Class A Invested Amount 465,000,000.00 1,700,000,000.00 900,000,000.00
Class B Invested Amount 35,000,000.00 0.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 500,000,000.00 1,700,000,000.00 900,000,000.00 544,079,690.60
Class A Adjusted Invested Amt 465,000,000.00 1,700,000,000.00 900,000,000.00 NA
Class B Adjusted Invested Amt 35,000,000.00 0.00 0.00 NA
Enhancement Invested Amount 0.00 0.00 0.00 NA
Principal Allocation Pct 10.30% 35.02% 18.54% 11.21%
Principal Collections 64,782,767.94 220,261,411.00 116,608,982.30 70,493,976.68
Floating Allocation Pct 10.30% 35.02% 18.54% 11.21%
Finance Charge Collections 8,170,469.14 27,779,595.09 14,706,844.46 8,890,772.65
Defaulted Amount 3,800,704.84 12,922,396.47 6,841,268.72 4,135,772.63
Interchange Collections 832,964.18 2,832,078.21 1,499,335.52
Servicer Interchange 520,833.33 1,770,833.33 875,000.00
Shared Principal Collections 68,583,472.79 233,183,807.47 123,450,251.01
</TABLE>
<TABLE>
<CAPTION>
Ending Total Trust Investor Interest Series 1994-C Series 1995-A Series 1995-B
------ ------------ ----------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal) 4,851,861,707.67
Finance Charges O/S 120,054,623.77
Excess Funding Account 0.00
Initial Invested Amount 4,310,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
Invested Amount 4,310,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
Class A Invested Amount 423,000,000.00 357,200,000.00 357,200,000.00
Class B Invested Amount 27,000,000.00 22,800,000.00 22,800,000.00
Principal Funding Account 0.00 0.00 0.00 0.00
Adjusted Invested Amount 4,310,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
Class A Adjusted Invested Amt 423,000,000.00 357,200,000.00 357,200,000.00
Class B Adjusted Invested Amt 27,000,000.00 22,800,000.00 22,800,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 88.83% 9.27% 7.83% 7.83%
Floating Allocation Pct 100.00% 88.83% 9.27% 7.83% 7.83%
</TABLE>
<TABLE>
Ending Series 1996-A Series 1997-1 Series 1997-2 Seller Interest
------ -------------- -------------- -------------- ---------------
<S> <C> <C> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 500,000,000.00 1,700,000,000.00 900,000,000.00
Invested Amount 500,000,000.00 1,700,000,000.00 900,000,000.00
Class A Invested Amount 465,000,000.00 1,700,000,000.00 900,000,000.00
Class B Invested Amount 35,000,000.00 0.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 500,000,000.00 1,700,000,000.00 900,000,000.00 541,861,707.67
Class A Adjusted Invested Amt 465,000,000.00 1,700,000,000.00 900,000,000.00 NA
Class B Adjusted Invested Amt 35,000,000.00 0.00 0.00 NA
Enhancement Invested Amount 0.00 0.00 0.00 NA
Principal Allocation Pct 10.31% 35.04% 18.55% 11.17%
Floating Allocation Pct 10.31% 35.04% 18.55% 11.17%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<S> <C> <C> <C> <C> <C>
Distribution Date of: 15-Jan-98 For the Monthly Period Ending: 31-Dec-97 Days in Interest Period (30/360) 30
Determined as of: 09-Jan-98 Monthly Period 38 Days in Interest Period (Act/360) 31
</TABLE>
Minimum Balance Requirement
- ---------------------------
Trust Initial Invested Amount 4,310,000,000.00
Trust PFA 0.00
Ending Portfolio Principal Balance 4,851,861,707.67
Beginning Excess Funding Acct Bal 0.00
Required Excess Funding Account Deposit 0.00
Excess Funding Account Withdrawal 0.00
Seller's Participation Amt (w/o EFA) 541,861,707.67
Required Seller's Interest 339,630,319.54
Required Excess Funding Account Balance 0.00
Seller's Participation Amount 541,861,707.67
Gross Balances of
Accounts Delinquent: (%) ($)
- -------------------- --- ---
30 - 59 days 2.38% 118,418,875.85
60 - 89 days 1.57% 78,069,949.03
90 days + 2.94% 146,014,534.77
Total 30 days + 6.89% 342,503,359.65
Gross Credit Losses 10.21% 41,312,545.63
Net Credit Losses 9.12% 36,897,848.38
Discount Option Receivables 0
Discount Percentage 0.00%
Finance Charge Billed - pool 61,665,539.91
Fees Billed - pool 10,414,608.72
Interest Earned on Collection Account 3,354,325.33
Required Principal Balance 4,310,000,000.00
EFA + Receivables + PFA 4,851,861,707.67
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1994-C
Distribution Date of: 15-Jan-98
Determined as of: 09-Jan-98
For the Monthly Period Ending: 31-Dec-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 31
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,854,079,690.60 4,851,861,707.67 (2,217,982.93)
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 43,560,814.12 43,929,340.91 368,526.79
Available Shared Collateral Amount 39,060,814.12 39,429,340.91 368,526.79
Spread Account 27,000,000.00 27,000,000.00 0.00
Servicing Base Amount 450,000,000.00 450,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 9.27%
Principal Allocation Pct 9.27%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
Allocations Trust 1994-C Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 628,921,436.34 58,304,491.15 54,806,221.68 3,498,269.47
Finance Charge Collections 79,320,216.68 7,353,422.23 6,912,216.90 441,205.33
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------ ------------ -----------
Available Funds 7,353,422.23 6,912,216.90 441,205.33
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 36,897,848.38 3,420,634.36 3,215,396.30 205,238.06
------------ ------------ ----------
7,100,134.36 6,669,896.30 430,238.06
Excess Spread 253,287.87 242,320.60 10,967.27
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 20,343.75
Risk-Free Fee 6,393.75
Interest on CCA Draw 7,625.29
Total Fees - Interest 34,362.79
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 0.23%
Principal Payment Rate Calculation 11.66%
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 43,560,814.12
Required Cash Collateral Amount 45,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 27,000,000.00
Required Spread Account Amount 27,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 211,500,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 61,725,125.51
Principal Shortfall 0.00
Shared Principal to Other Series 61,725,125.51
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 9.93%
Revolving Investor Interest 3,410,000,000.00
Class A Invested Amount 423,000,000.00
Available Principal 338,764,146.27
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 11.53%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 0.99%
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 10.90%
Base Rate - 3 month average 9.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 1.09%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-A
Distribution Date of: 15-Jan-98
Determined as of: 09-Jan-98
For the Monthly Period Ending: 31-Dec-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 31
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,854,079,690.60 4,851,861,707.67 (2,217,982.93)
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 37,300,740.24 38,000,000.00 699,259.76
Available Shared Collateral Amount 33,500,740.24 34,200,000.00 699,259.76
Spread Account 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 7.83%
Principal Allocation Pct 7.83%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
Allocations Trust 1995-A Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 628,921,436.34 49,234,903.64 46,280,809.42 2,954,094.22
Finance Charge Collections 79,320,216.68 6,209,556.55 5,836,983.16 372,573.39
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------ ------------ ----------
Available Funds 6,209,556.55 5,836,983.16 372,573.39
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 36,897,848.38 2,888,535.68 2,715,223.54 173,312.14
------------ ------------ ----------
5,472,219.01 5,141,206.87 331,012.14
Excess Spread 910,649.68 695,776.28 214,873.39
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 11,452.78
Risk-Free Fee 2,945.00
Interest on CCA Draw 3,768.15
Monthly Cash Collateral Fee 18,165.93
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 1.69%
Principal Payment Rate Calculation 11.66%
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 37,300,740.24
Required Cash Collateral Amount 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 20,900,000.00
Required Spread Account Amount 20,900,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 178,600,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 52,123,439.32
Principal Shortfall 0.00
Shared Principal to Other Series 52,123,439.32
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 9.93%
Revolving Investor Interest 2,960,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 294,059,200.28
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 11.53%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 2.64%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Feb-2000
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 10.90%
Base Rate - 3 month average 8.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.74%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
Distribution Date of: 15-Jan-98
Determined as of: 09-Jan-98
For the Monthly Period Ending: 31-Dec-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 31
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,854,079,690.60 4,851,861,707.67 (2,217,982.93)
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 37,253,911.50 38,000,000.00 746,088.50
Available Shared Collateral Amount 33,453,911.50 34,200,000.00 746,088.50
Spread Account 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 7.83%
Principal Allocation Pct 7.83%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
Allocations Trust 1995-B Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 628,921,436.34 49,234,903.64 46,280,809.42 2,954,094.22
Finance Charge Collections 79,320,216.68 6,209,556.55 5,836,983.16 372,573.39
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------ ------------ ----------
Available Funds 6,209,556.55 5,836,983.16 372,573.39
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 36,897,848.38 2,888,535.68 2,715,223.54 173,312.14
------------ ------------ ----------
5,519,719.01 5,185,856.87 333,862.14
Excess Spread 863,149.68 651,126.28 212,023.39
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 10,160.25
Risk-Free Fee 5,759.11
Interest on CCA Draw or
Difference between Loan
Interest and Deposit Interest (8,529.14)
------------
Monthly Cash Collateral Fee 7,390.22
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- ------------------------------------
Quarterly Excess Spread Percentage 1.59%
Principal Payment Rate Calculation 11.66%
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 37,253,911.50
Required Cash Collateral Amount 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 20,900,000.00
Required Spread Account Amount 20,900,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 178,600,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 52,123.439.32
Principal Shortfall 0.00
Shared Principal to Other Series 52,123.439.32
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 9.93%
Revolving Investor Interest 2,580,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 256,308,357.00
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 11.53%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 2.49%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-2000
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 10.90%
Base Rate - 3 month average 8.31%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.59%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
Distribution Date of: 15-Jan-98
Determined as of: 09-Jan-98
For the Monthly Period Ending: 31-Dec-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 31
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,854,079,690.60 4,851,861,707.67 (2,217,982.93)
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 49,341,655.71 50,000,000.00 658,344.29
Available Shared Collateral Amount 49,341,655.71 50,000,000.00 658,344.29
Spread Account 21,250,000.00 21,250,000.00 0.00
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 10.30%
Principal Allocation Pct 10.30%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
</TABLE>
<TABLE>
<CAPTION>
Series
Allocations Trust 1996-A Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 628,921,436.34 64,782,767.94 60,247,974.19 4,534,793.76
Finance Charge Collections 79,320,216.68 8,170,469.14 7,598,536.30 571,932.84
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ------------
Available Funds 8,170,469.14 7,598,536.30 571,932.84
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,673,414.17 2,482,771.53 190,642.64
Monthly Servicing Fee 312,500.00 290,625.00 21,875.00
Defaulted Amounts 36,897,848.38 3,800,704.84 3,534,655.50 266,049.34
------------ ------------ ----------
7,307,452.34 6,792,427.03 515,025.31
Excess Spread 1,129,066.14 806,109.27 322,956.87
Required Amount 0.00 0.00 0.00
1 Month Libor Rate 5.980470%
- ------------------
Cash Collateral Account
- -----------------------
Cash Collateral Fee 26,909.72
Interest on CCA Draw 3,281.01
Total 30,190.73
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- ------------------------------------
Quarterly Excess Spread Percentage 1.57%
Principal Payment Rate Calculation 11.66%
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 49,341,655.71
Required Cash Collateral Amount 50,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 21,250,000.00
Required Spread Account Amount 21,250,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 155,000,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 68,583,472.79
Principal Shortfall 0.00
Shared Principal to Other Series 68,583,472.79
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 9.93%
Revolving Investor Interest 2,200,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 218,557,513.72
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 11.53%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 2.67%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Nov-2002
Weighted Average Coupon 6.42%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 10.90%
Base Rate - 3 month average 8.13%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.77%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1997-1
Distribution Date of: 15-Jan-98
Determined as of: 09-Jan-98
For the Monthly Period Ending: 31-Dec-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 31
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,854,079,690.60 4,851,861,707.67 (2,217,982.93)
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 165,750,000.00 163,887,340.50 (1,862,659.50)
Available Cash Collateral Amount 214,996,960.16 216,750,000.00 1,753,039.84
Seller Reserve Portion 49,246,960.16 52,862,659.50 3,615,699.34
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 35.02%
Principal Allocation Pct 35.02%
Allocations Master Trust Series 1997-1
- ----------- ------------------ --------------
Principal Collections 628,921,436.34 220,261,411.00
Finance Charge Collections 79,320,216.68 27,779,595.09
Interest Earned on CCA-Seller Account NA 263,228.17
blank 0.00
---------------
Total Available Fund 28,042,823.26
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 1,770,833.33
Monthly Interest 8,983,454.51
Monthly Servicing Fee 1,062,500.00
Defaulted Receivables 36,897,848.38 12,922,396.47
---------------
24,739,184.31
Excess Spread 3,303,638.95
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 6.106700%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account
- -----------------------
Monthly Cash Collateral Fee 71,364.58
Risk Rate Base Portion Fee 0.00
Commitment Fee 0.00
----
TOTAL FEES 71,364.58
Risk Rate Base Portion 0.00
Risk Rate 0.00%
Quarterly Excess Spread Percentage 0.79%
Applicable Excess Spread Percentage 0.79%
Lender Percentage 8.25%
Beginning Cash Collateral Amount 214,996,960.16
Required Cash Collateral Amount 216,750,000.00
Draw Amount 0.00
Cash Collateral Account Surplus 0.00
Beginning Seller Reserve Portion-Balance 49,246,960.16
Required Seller Reserve Portion 76,500,000.00
Amount Deposited to the CCA (per 4.07(g) of Supplement) 3,615,699.34
Ending Cash Collateral Amount - Lender Sub-Account 163,887,340.50
Ending Cash Collateral Amount - Seller Sub-Account 52,862,659.50
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 233,183,807.47
Principal Shortfall 0.00
Shared Principal to Other Series 233,183,807.47
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 9.93%
Revolving Investor Interest 1,700,000,000.00
Invested Amount 1,700,000,000.00
Available Principal 168,885,351.51
Class A Accumulation Period Length 11
Payout Events
- --------------
Portfolio Yield - for the month 11.71%
Portfolio Yield - 3 month average 11.07%
Base Rate - 3 month average 8.08%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.99%
Required CCA - Available Cash Collateral Amount 0.00
Required CCA - Available Cash Collateral Amount (as % of Invested Amount) 0.00%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1997-2
Distribution Date of: 15-Jan-98
Determined as of: 09-Jan-98
For the Monthly Period Ending: 31-Dec-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 31
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,854,079,690.60 4,851,861,707.67 (2,217,982.93)
Excess Funding Account 0.00 0.00 0.00
Maximum Certificate Invested Amount 900,000,000.00 900,000,000.00 0.00
Invested Amount 900,000,000.00 900,000,000.00 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 87,750,000.00 85,622,401.31 (2,127,598.69)
Available Cash Collateral Amount 114,750,000.00 114,750,000.00 0.00
Seller Reserve Portion 27,000,000.00 29,127,598.69 2,127,598.69
Unused Commitment 0.00 0.00 0.00
Servicing Base Amount 900,000,000.00 900,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 18.54%
Principal Allocation Pct 18.54%
Allocations Master Trust Series 1997-2
- ----------- ------------------ --------------
Principal Collections 628,921,436.34 220,261,411.00
Finance Charge Collections 79,320,216.68 14,706,844.46
Interest Earned on CCA-Seller Account NA 126,478.61
blank 0.00
---------------
Total Available Fund 14,833,323.07
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 875,000.00
Monthly Interest 4,467,595.00
Monthly Servicing Fee 525,000.00
Defaulted Receivables 36,897,848.38 6,841,268.72
---------------
12,708,863.72
Excess Spread 2,124,459.35
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 6.162200%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account
- -----------------------
Monthly Cash Collateral Fee 0.00
Risk Rate Base Portion Fee 0.00
Commitment Fee 0.00
----
TOTAL FEES 0.00
Risk Rate Base Portion 0.00
Risk Rate 0.00%
Quarterly Excess Spread Percentage 2.79%
Applicable Excess Spread Percentage 2.79%
Lender Percentage 9.25%
Beginning Cash Collateral Amount 114,750,000.00
Required Cash Collateral Amount 114,750,000.00
Draw Amount 0.00
Cash Collateral Account Surplus 0.00
Beginning Seller Reserve Portion - Balance 27,000,000.00
Required Seller Reserve Portion 31,500,000.00
Amount Deposited to the CCA (per 4.07(g) of Supplement) 2,127,598.69
Ending Cash Collateral Amount - Lender Sub-Account 85,622,401.31
Ending Cash Collateral Amount - Seller Sub-Account 29,127,598.69
Available Cash Collateral Amount - Ending Balance 114,750,000.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Amortization n/a
Controlled Distribution Amount 0.00
Available Investor Principal Collections 123,450,251.01
Principal Shortfall 0.00
Shared Principal to Other Series 123,450,251.01
Shared Principal from Other Series 0.00
Monthly Principal 0.00
Ending Invested Amount 900,000,000.00
Amortization Period Length
- --------------------------
Min 12 Month Historical Prin Pmt Rate 9.93%
Revolving Investor Interest 900,000,000.00
Invested Amount 900,000,000.00
Available Principal 89,409,891.98
Class A Accumulation Period Length 11
Payout Events
- --------------
Portfolio Yield - for the month 11.69%
Portfolio Yield - 3 month average 11.69%
Base Rate - 3 month average 7.82%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.87%
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-C
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, 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-Jan-98.
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 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 9th day of January.
BANK ONE, NA
as Servicer
By: /s/ Tracie Klein
----------------------------
Name: Tracie Klein
Title: Vice President
<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,
COLUMBUS, 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-Jan-98.
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 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 9th day of January.
BANK ONE NA
as Servicer
By: /s/ Tracie Klein
---------------------------
Name: Tracie Klein
Title: Vice President
<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,
COLUMBUS, 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-Jan-98.
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 than 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 9th day of January.
BANK ONE, NA
as Servicer
By: /s/ Tracie Klein
------------------------
Name: Tracie Klein
Title: Vice President
<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, COLUMBUS,
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-Jan-98.
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 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 9th day of January.
BANK ONE, NA
as Servicer
By: /s/ Tracie Klein
-----------------------
Name: Tracie Klein
Title: Vice President
<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-Jan-98.
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 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 9th day of January.
BANK ONE, NA
as Servicer
By: /s/ Tracie Klein
-----------------------
Name: Tracie Klein
Title: Vice President
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1997-2
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 1997-2 Supplement dated as of December 17, 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-Jan-98.
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 9th day of January.
BANK ONE, NA
as Servicer
By: /s/ Tracie Klein
------------------------
Name: Tracie Klein
Title: Vice President
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