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Previous: ALLIANCE ALL ASIA INVESTMENT FUND INC, 485BPOS, 1998-10-30 |
Next: WEBS INDEX FUND INC, NSAR-B, 1998-10-30 |
===============================================================================
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, 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 jurisidiction of incorporation)
0-25636 31-4148768
------------------------ ------------------------------------
(Commission File Number) (IRS Employer Identification Number)
100 East Broad Street, 16th Floor, Columbus, OH 43215
- ----------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(614) 248-5944
--------------------------------------------------
Registrant's telephone number, including area code
===============================================================================
<PAGE>
Item 5. Other Events
On October 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: October 30, 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
September 30, 1998..............................................5-18
99.2 Monthly Servicer's Certificates................................19-24
Exhibit 99.1
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Distribution Date of: 15-Oct-98 For the Monthly Period Ending: 30-Sep-98 Days in Interest Period (30/360) 30
Determined as of: 08-Oct-98 Monthly Period 47 Days in Interest Period (Act/360) 30
</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) 4,330,566,694.01
Finance Charges O/S 124,717,337.51
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 3,910,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
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 141,000,000.00 141,000,000.00 0.00 0.00
Adjusted Invested Amount 3,769,000,000.00 309,000,000.00 380,000,000.00 380,000,000.00
Class A Adjusted Invested Amt 282,000,000.00 357,200,000.00 357,200,000.00
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% 90.29% 10.39% 8.77% 8.77%
Principal Collections 509,657,302.22 460,161,496.75 52,959,763.05 44,721,577.69 44,721,577.69
Floating Allocation Pct 100.00% 87.03% 7.14% 8.77% 8.77%
Finance Charge Collections 67,659,373.44 58,885,637.04 4,827,716.06 5,936,997.10 5,936,997.10
Defaulted Amount 26,455,502.87 23,024,882.74 1,887,686.06 2,321,426.22 2,321,426.94
Interchange Collections 5,739,434.99 4,995,173.15 409,527.33 503,625.84 503,625.84
Servicer Interchange 3,926,041,67 321,875.00 395,833.33 395,833.33
Shared Principal Collections 428,338,930.37 0.00 47,043,003.91 47,043,003.91
<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 1,300,000,000.00 900,000,000.00
Class A Invested Amount 465,000,000.00 1,300,000,000.00 900,000,000.00
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 1,300,000,000.00 900,000,000.00 561,566,694.01
Class A Adjusted Invested Amt 465,000,000.00 1,300,000,000.00 900,000,000.00 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 11.55% 30.02% 20.78% 9.71%
Principal Collections 58,844,181.17 152,994,871.04 105,919,526.11 49,495,805.47
Floating Allocation Pct 11.55% 30.02% 20.78% 12.97%
Finance Charge Collections 7,811,838.29 20,310,779.56 14,061,308.92 8,773,736.41
Defaulted Amount 3,054,508.19 7,941,721.29 5,498,114.74 3,430,620.13
Interchange Collections 662,665.58 1,722,930.51 1,192,798.05
Servicer Interchange 520,833.33 1,354,166.67 937,500.00
Shared Principal Collections 61,898,689.36 160,936,592.34 111,417,640.85
</TABLE>
<PAGE>
<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) 4,270,645,495.75
Finance Charges O/S 127,739,030.84
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 3,910,000,000.00 450,000,000.00 380,000,000.00 380,000,000.00
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 282,000,000.00 282,000,000.00 0.00 0.00
Adjusted Invested Amount 3,628,000,000.00 168,000,000.00 380,000,000.00 380,000,000.00
Class A Adjusted Invested Amt 141,000,000.00 357,200,000.00 357,200,000.00
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% 91.56% 10.54% 8.90% 8.90%
Floating Allocation Pct 100.00% 84.95% 3.93% 8.90% 8.90%
</TABLE>
<TABLE>
<CAPTION>
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 1,300,000,000.00 900,000,000.00
Class A Invested Amount 465,000,000.00 1,300,000,000.00 900,000,000.00
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 1,300,000,000.00 900,000,000.00 642,645,495.75
Class A Adjusted Invested Amt 465,000,000.00 1,300,000,000.00 900,000,000.00 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 11.71% 30.44% 21.07% 8.44%
Floating Allocation Pct 11.71% 30.44% 21.07% 15.05%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Distribution Date of: 15-Oct-98 For the Monthly Period Ending: 30-Sep-98 Days in Interest Period (30/360) 30
Determined as of: 08-Oct-98 Monthly Period 47 Days in Interest Period (Act/360) 30
</TABLE>
<TABLE>
<CAPTION>
Gross Balances of
Minimum Balance Requirement Accounts Delinquent: (%) ($)
- --------------------------- -------------------- --- ----
<S> <C> <C> <C> <C>
Trust Initial Invested Amount 4,310,000,000.00
Trust PFA 282,000,000.00 30 - 59 days 1.93% 84,778,424.36
Ending Portfolio Principal Balance 4,270,645,495.75 60 - 89 days 1.39% 61,241,501.95
90 days + 2.97% 130,476,632.86
Beginning Excess Funding Acct Bal 0.00 Total 30 days + 6.29% 276,496,559.17
Required Excess Funding Account Deposit 0.00
Excess Funding Account Withdrawal 0.00
Seller's Participation Amt (w/o EFA) 642,645,495.75 Gross Credit Losses 8.27% 29,861,232.47
Required Seller's Interest 298,945,184.70 Net Credit Losses 7.33% 26,455,502.87
Required Excess Funding Account Balance 0.00 Discount Option Receivables 0
Seller's Participation Amount 642,645,495.75 Discount Percentage 0.00%
Finance Charge Billed - pool 56,834,986.10
Fraud Losses reassigned to the Seller 0.00 Fees Billed - pool 12,278,144.40
Interest Earned on Collection Account 2,349,876.43
Required Principal Balance 4,310,000,000.00
EFA + Receivables + PFA 4,552,645,495.75
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1994-C
Distribution Date of: 15-Oct-98
Determined as of: 08-Oct-98
For the Monthly Period Ending: 30-Sep-98
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------- ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,330,566,694.01 4,270,645,495.75 (59,921,198.26)
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 141,000,000.00 282,000,000.00 141,000,000.00
Adjusted Invested Amount 309,000,000.00 168,000,000.00 (141,000,000.00)
Class A Adjusted Invested Amount 282,000,000.00 141,000,000.00 (141,000,000.00)
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 1,125,000.00 1,125,000.00 0.00
Available Cash Collateral Amount 32,310,000.00 19,620,000.00 (12,690,000.00)
Available Shared Collateral Amount 27,810,000.00 25,120,000.00 (12,690,000.00)
Spread Account 27,000,000.00 19,620,000.00 (7,380,000.00)
Servicing Base Amount 309,000,000.00 168,000,000.00 (141,000,000.00)
Allocation Percentages
- ----------------------
Floating Allocation Pct 7.14%
Principal Allocation Pct 10.39%
Class A Floating Pct 91.26%
Class B Floating Pct 8.74%
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 509,657,302.22 52,959,763.05 49,782,177.27 3,177,585.78
Finance Charge Collections 67,659,373.44 4,827,716.06 4,405,876.80 421,839.27
PFA Investment Proceeds NA 315,428.14 315,428.14 0.00
Reserve Account Draw NA 601,071.86 601,071.86 0.00
------------ ------------ ----------
Available Funds 5,744,216.06 5,322,376.80 421,839.27
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 321,875.00 293,750.00 28,125.00
Monthly Interest 2,929,500.00 2,749,500.00 180,000.00
Monthly Servicing Fee 64,375.00 58,750.00 5,625.00
Defaulted Amounts 26,455,502.87 1,887,686.06 1,722,742.62 164,943.44
------------ ------------ ----------
5,203,436.06 4,824,742.62 378,693.44
Excess Spread 540,780.00 497,634.18 43,145.83
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 11,756.25
Risk-Free Fee 6,187.50
Interest on CCA Draw 0.00
Total Fees - Interest 17,943.75
</TABLE>
<PAGE>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 1.05%
Principal Payment Rate Calculation 12.17%
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 32,310,000.00
Required Cash Collateral Amount 19,620,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 12,690,000.00
Beginning Spread Account Balance 27,000,000.00
Required Spread Account Amount 19,620,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 7,380,000.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 2
Controlled Accumulation Amount 141,000,000.00
Required PFA Balance 282,000,000.00
Beginning PFA Balance 141,000,000.00
Controlled Deposit Amount 141,000,000.00
Available Investor Principal Collections 54,847,449.11
Principal Shortfall 86,152,550.89
Shared Principal to Other Series 0.00
Shared Principal from Other Series 86,152,550.89
Class A Monthly Principal 141,000,000.00
Class B Monthly Principal 0.00
Monthly Principal 141,000,000.00
PFA Deposit 141,000,000.00
PFA Withdrawal 0.00
Ending PFA Balance 282,000,000.00
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 1,710,000,000.00
Class A Invested Amount 423,000,000.00
Available Principal 169,878,794.76
Class A Accumulation Period Length 3
Reserve Account
- ---------------
Available Reserve Account Amount 1,125,000.00
Covered Amount 916,500.00
Reserve Draw Amount 601,071.86
Portfolio Yield 12.94%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 3.56%
Reserve Account Funding Period Length 0
Reserve Account Funding Date 15-Sep-98
Weighted Average Coupon 7.81%
Required Reserve Account Amount 1,125,000.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 601,071.86
Portfolio Yield - 3 month average 12.82%
Base Rate - 3 month average 9.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.66%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-A
Distribution Date of: 15-Oct-98
Determined as of: 08-Oct-98
For the Monthly Period Ending: 30-Sep-98
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,330,566,694.01 4,270,645,495.75 (59,921,198.26)
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 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 8.77%
Principal Allocation Pct 8.77%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
<CAPTION>
Series
Allocations Trust 1995-A Class A Class B
- ----------- ----- ------- ------- -------
<S> <C> <C> <C> <C>
Principal Collections 509,657,302.22 44,721,577.69 42,038,283.03 2,683,294.66
Finance Charge Collections 67,659,373.44 5,936,997.10 5,580,777.28 356,219.83
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------ ------------ ----------
Available Funds 5,936,997.10 5,580,777.28 356,219.83
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 79,166.67 74,416.67 4,750.00
Defaulted Amounts 26,455,502.87 2,321,426.22 2,182,140.65 139,285.57
------------ ------------ ----------
4,746,776.22 4,459,290.65 287,485.57
Excess Spread 1,329,506.45 1,121,486.62 208,019.83
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 3.97%
Principal Payment Rate Calculation 12.17%
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 20,900,000.00
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 59,533,333.33
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 47,043,003.91
Principal Shortfall 0.00
Shared Principal to Other Series 47,043,003.91
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 630,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 62,586,924.38
Class A Accumulation Period Length 6
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 14.06%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 5.43%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Oct-99
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 13.19%
Base Rate - 3 month average 7.66%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.53%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
Distribution Date of: 15-Oct-98
Determined as of: 08-Oct-98
For the Monthly Period Ending: 30-Sep-98
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,330,566,694.01 4,270,645,495.75 (59,921,198.26)
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 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 8.77%
Principal Allocation Pct 8.77%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
<CAPTION>
Series
Allocations Trust 1995-B Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 509,657,302.22 44,721,577.69 42,038,283.03 2,683,294.66
Finance Charge Collections 67,659,373.44 5,936,997.10 5,580,777.28 356,219.83
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------ ------------ ----------
Available Funds 5,936,997.10 5,580,777.28 356,219.83
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 79,166.67 74,416.67 4,750.00
Defaulted Amounts 26,455,502.87 2,321,426.22 2,182,140.65 139,285.57
------------ ------------ ----------
4,794,276.22 4,503,940.65 290,335.57
Excess Spread 1,282,006.45 1,076,836.62 205,169.83
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 9,832.50
Risk-Free Fee 5,573.33
Interest on CCA Draw or Difference between Loan Interest and Deposit Interest 0.00
---------
Monthly Cash Collateral Fee 15,405.83
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 3.82%
Principal Payment Rate Calculation 12.17%
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 20,900,000.00
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 59,533,333.33
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 47,043,003.91
Principal Shortfall 0.00
Shared Principal to Other Series 47,043,003.91
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 630,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 62,586,924.38
Class A Accumulation Period Length 6
Reserve Account
- ----------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 14.06%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 5.28%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Jan-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 13.19%
Base Rate - 3 month average 7.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.38%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
Distribution Date of: 15-Oct-98
Determined as of: 08-Oct-98
For the Monthly Period Ending: 30-Sep-98
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,330,566,694.01 4,270,645,495.75 (59,921,198.26)
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 20,000,000.00 20,000,000.00 0.00
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 11.55%
Principal Allocation Pct 11.55%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
<CAPTION>
Series
Allocations Trust 1996-A Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 509,657,302.22 58,844,181.17 54,725,088.49 4,119,092.68
Finance Charge Collections 67,659,373.44 7,811,838.29 7,265,009.61 546,828.68
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------ ------------ ----------
Available Funds 7,811,838.29 7,265,009.61 546,828.68
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,424,412.50 2,251,313.00 173,099.50
Monthly Servicing Fee 104,166.67 96,875.00 7,291.67
Defaulted Amounts 26,455,502.87 3,054,508.19 2,840,692.62 213,815.57
------------ ------------ ----------
6,103,920.69 5,673,255.62 430,665.07
Excess Spread 1,921,733.17 1,591,753.99 329,979.18
Required Amount 0.00 0.00 0.00
1 Month Libor Rate 5.589840%
- ------------------
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 4.23%
Principal Payment Rate Calculation 12.17%
Calculated Current Month's Spread Account Cap 4.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 4.00%
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 20,000,000.00
Required Spread Account Amount 20,000,000.00
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 46,500,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 61,898,689.36
Principal Shortfall 0.00
Shared Principal to Other Series 61,898,689.36
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 500,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 49,672,162.21
Class A Accumulation Period Length 10
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 14.06%
Reserve Account Factor 83.33%
Portfolio Adjusted Yield 5.60%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Apr-2002
Weighted Average Coupon 5.82%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 13.19%
Base Rate - 3 month average 7.49%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.70%
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1997-1
Distribution Date of: 15-Oct-98
Determined as of: 08-Oct-98
For the Monthly Period Ending: 30-Sep-98
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,330,566,694.01 4,270,645,495.75 (59,921,198.26)
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 1,300,000,000.00 1,300,000,000.00 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 110,500,000.00 110,500,000.00 0.00
Available Cash Collateral Amount 165,750,000.00 165,750,000.00 0.00
Seller Reserve Portion 55,250,000.00 55,250,000.00 0.00
Unused Commitment 55,250,000.00 55,250,000.00 0.00
Servicing Base Amount 1,700,000,000.00 1,700,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 30.02%
Principal Allocation Pct 30.02%
<CAPTION>
Allocations Master Trust Series 1997-1
- ----------- ------------ -------------
<S> <C> <C>
Principal Collections 509,657,302.22 152,994,871.04
Finance Charge Collections 67,659,373.44 20,310,779.56
Interest Earned on CCA - Seller Account NA 247,013.54
blank 0.00
-------------
Total Available Fund 20,557,793.10
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 1,354,166.67
Monthly Interest 6,344,143.90
Monthly Servicing Fee 270,833.33
Defaulted Receivables 26,455,502.87 7,941,721.29
-------------
15,910,865.19
Excess Spread 4,646,927.90
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 5.805900%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account
- -----------------------
Monthly Cash Collateral Fee 46,041.67
Risk Rate Base Portion Fee 0.00
Commitment Fee 11,510.42
---------
TOTAL FEES 57,552.08
Risk Rate Base Portion 0.00
Risk Rate 0.00%
Quarterly Excess Spread Percentage 3.79%
Applicable Excess Spread Percentage 1.96%
Lender Percentage 8.50%
Beginning Cash Collateral Amount 165,750,000.00
Required Cash Collateral Amount 165,750,000.00
Draw Amount 0.00
Cash Collateral Account Surplus 0.00
Beginning Seller Reserve Portion - Balance 55,250,000.00
Required Seller Reserve Portion 55,250,000.00
Amount Deposited to the CCA (per 4.07(g) of Supplement) 0.00
Ending Cash Collateral Amount - Lender Sub-Account 110,500,000.00
Ending Cash Collateral Amount - Seller Sub-Account 55,250,000.00
Available Cash Collateral Amount - Ending Balance 165,750,000.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Amortization n/a
Controlled Distribution Amount 0.00
Available Investor Principal Collections 160,936,592.34
Principal Shortfall 0.00
Shared Principal to Other Series 160,936,592.34
Shared Principal from Other Series 0.00
Monthly Principal 0.00
Ending Invested Amount 1,300,000,000.00
Amortization Period Length
- --------------------------
Min 12 Month Historical Prin Pmt Rate 9.93%
Revolving Investor Interest 1,300,000,000.00
Invested Amount 1,300,000,000.00
Available Principal 129,147,621.74
Class A Accumulation Period Length 11
Payout Events
- -------------
Portfolio Yield - for the month 14.29%
Portfolio Yield - 3 month average 13.42%
Base Rate - 3 month average 7.52%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.90%
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-Oct-98
Determined as of: 08-Oct-98
For the Monthly Period Ending: 30-Sep-98
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,330,566,694.01 4,270,645,495.75 (59,921,198.26)
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 76,500,000.00 76,500,000.00 0.00
Available Cash Collateral Amount 114,750,000.00 114,750,000.00 0.00
Seller Reserve Portion 38,250,000.00 38,250,000.00 0.00
Unused Commitment 11,250,000.00 11,250,000.00 0.00
Servicing Base Amount 900,000,000.00 900,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 20.78%
Principal Allocation Pct 20.78%
Allocations Master Trust Series 1997-2
- ----------- ------------- -------------
Principal Collections 509,657,302.22 105,919,526.11
Finance Charge Collections 67,659,373.44 14,061,308.92
Interest Earned on CCA - Seller Account NA 171,009.38
blank 0.00
--------------
Total Available Fund 14,232,318.30
Monthly Investor Obligations
- ----------------------------
Servicer Interchange 937,500.00
Monthly Interest 4,350,210.00
Monthly Servicing Fee 187,500.00
Defaulted Receivables 26,455,502.87 5,498,114.74
--------------
10,973,324.74
Excess Spread 3,258,993.56
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 5.806080%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account
- -----------------------
Monthly Cash Collateral Fee 31,875.00
Risk Rate Base Portion Fee 0.00
Commitment Fee 2,343.75
---------
TOTAL FEES 34,218.75
Risk Rate Base Portion 0.00
Risk Rate 0.00%
Quarterly Excess Spread Percentage 3.86%
Applicable Excess Spread Percentage 1.94%
Lender Percentage 8.50%
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 38,250,000.00
Required Seller Reserve Portion 38,250,000.00
Amount Deposited to the CCA (per 4.07(g) of Supplement) 0.00
Ending Cash Collateral Amount - Lender Sub-Account 76,500,000.00
Ending Cash Collateral Amount - Seller Sub-Account 38,250,000.00
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 111,417,640.85
Principal Shortfall 0.00
Shared Principal to Other Series 111,417,640.85
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 14.29%
Portfolio Yield - 3 month average 13.42%
Base Rate - 3 month average 7.46%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.96%
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-Oct-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 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 8th day of October 1998.
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-Oct-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 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 8th day of October 1998.
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-Oct-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 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 8th day of October 1998.
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-Oct-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 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 8th day of October 1998.
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-Oct-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 8th day of October 1998.
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-Oct-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 8th day of October 1998.
BANK ONE, NA
as Servicer
By: /s/ Tracie Klein
----------------------------------------
Name: Tracie Klein
Title: Vice President
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