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Previous: BANC ONE CREDIT CARD MASTER TRUST, 8-K, EX-99.2, 2000-06-12 |
Next: BANC ONE CREDIT CARD MASTER TRUST, 8-K, EX-99.4, 2000-06-12 |
<PAGE>
EXHIBIT 99.3
<TABLE>
<CAPTION>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
<S> <C> <C> <C> <C>
Distribution Date of: 15-Jun-00
Determined as of: 9-Jun-00
For the Monthly Period Ending: 31-May-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 31
Beginning Ending Change
--------- ------ ------
Pool Balance (Principal) 3,958,483,900.87 3,964,059,975.81 5,576,074.94
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 119,066,666.67 178,600,000.00 59,533,333.33
Adjusted Invested Amount 260,933,333.33 201,400,000.00 (59,533,333.33)
Class A Adjusted Invested Amount 238,133,333.33 178,600,000.00 (59,533,333.33)
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 1,900,000.00 1,900,000.00 0.00
Available Cash Collateral Amount 27,284,000.00 21,926,000.00 (5,358,000.00)
Available Shared Collateral Amount 23,484,000.00 18,126,000.00 (5,358,000.00)
Spread Account 20,900,000.00 20,900,000.00 0.00
Servicing Base Amount 260,933,333.33 201,400,000.00 (59,533,333.33)
Allocation Percentages
----------------------
Floating Allocation Pct 8.10%
Principal Allocation Pct 9.60%
Class A Floating Pct 92.89%
Class B Floating Pct 7.11%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-B Class A Class B
----------- ----------------------------------------------------------------------------
Principal Collections 446,832,235.76 42,894,263.02 40,320,607.24 2,573,655.78
Finance Charge Collections 73,676,301.11 5,964,606.46 5,540,247.10 424,359.35
PFA Investment Proceeds NA 513,968.78 513,968.78 0.00
Reserve Account Draw NA 111,131.22 111,131.22 0.00
------------- ------------- ------------
Available Funds 6,589,706.46 6,165,347.10 424,359.35
Monthly Investor Obligations
----------------------------
Servicer Interchange 395,833.33 367,671.28 28,162.06
Monthly Interest 1,997,850.00 1,875,300.00 122,550.00
Monthly Servicing Fee 54,361.11 50,493.52 3,867.59
Defaulted Amounts 38,812,214.68 3,142,117.38 2,918,567.53 223,549.85
------------- ------------- ------------
5,590,161.82 5,212,032.33 378,129.50
Excess Spread 1,223,094.48 953,314.78 269,779.71
Required Amount 0.00 0.00 0.00
Cash Collateral Account
-----------------------
Cash Collateral Fee 3,793.16
Risk-Free Fee 5,759.11
Interest on CCA Draw or Difference between Loan Interest and Deposit Interest (9,768.12)
---------
Monthly Cash Collateral Fee (215.85)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Cash Collateral Account (continued)
------------------------------------
Quarterly Excess Spread Percentage 5.87%
Principal Payment Rate Calculation 11.39%
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 27,284,000.00
Required Cash Collateral Amount 21,926,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 5,358,000.00
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 3
Controlled Accumulation Amount 59,533,333.33
Required PFA Balance 178,600,000.00
Beginning PFA Balance 119,066,666.67
Controlled Deposit Amount 59,533,333.33
Available Investor Principal Collections 46,036,380.40
Principal Shortfall 13,496,952.94
Shared Principal to Other Series 0.00
Shared Principal from Other Series 13,496,952.94
Class A Monthly Principal 59,533,333.33
Class B Monthly Principal 0.00
Monthly Principal 59,533,333.33
PFA Deposit 59,533,333.33
PFA Withdrawal 0.00
Ending PFA Balance 178,600,000.00
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
Class A Accumulation Period Length
----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.71%
Revolving Investor Interest 630,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 67,452,497.06
Class A Accumulation Period Length 6
Reserve Account
---------------
Available Reserve Account Amount 1,900,000.00
Covered Amount 625,100.00
Reserve Draw Amount 111,131.22
Portfolio Yield 13.23%
Reserve Account Factor 50.00%
Portfolio Adjusted Yield 7.23%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Jan-00
Weighted Average Coupon 6.31%
Required Reserve Account Amount 1,900,000.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 101,184.36
Portfolio Yield - 3 month average 15.10%
Base Rate - 3 month average 7.77%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 7.33%
</TABLE>
*Note: For purposes of reporting balances, beginning refers to the balances as
of the distribution date in the current Monthly Period, and ending refers to the
balances as of the upcoming Distribution Date. The Floating Allocation
Percentage is based on the Adjusted Invested Amount as of the last day of the
Monthly Period preceding the current Monthly Period.
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