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Previous: BANC ONE CREDIT CARD MASTER TRUST, 8-K, EX-99.2, 2001-01-16 |
Next: BANC ONE CREDIT CARD MASTER TRUST, 8-K, EX-99.4, 2001-01-16 |
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
<TABLE>
<CAPTION>
Distribution Date of: 16-Jan-01
Determined as of: 09-Jan-01
For the Monthly Period Ending: 31-Dec-00
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 32
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C> <C>
Pool Balance (Principal) 3,800,118,617.80 3,816,536,806.52 16,418,188.72
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 5,000,000.00 5,000,000.00 0.00
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
Allocation Percentages
----------------------
Floating Allocation Pct 13.16%
Principal Allocation Pct 13.16%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
Series
Allocations Trust 1996-A Class A Class B
----------- ------------------------------------------------------------------------------
Principal Collections 405,809,673.62 53,394,342.99 49,656,738.97 3,737,604.02
Finance Charge Collections 70,377,783.28 9,259,945.60 8,611,749.40 648,196.20
PFA Investment Proceeds N/A 0.00 0.00 0.00
Reserve Account Draw N/A 0.00 0.00 0.00
Less: Servicer Interchange 520,833.33 484,375.00 36,458.33
---------- ---------- ---------
Available Funds 8,739,112.27 8,127,374.40 611,737.87
Monthly Investor Obligations
----------------------------
Monthly Interest 3,083,888.89 2,864,400.00 219,488.89
Monthly Servicing Fee 104,166.67 96,875.00 7,291.67
Defaulted Amounts 24,139,112.76 3,176,099.90 2,953,772.91 222,326.99
------------ ------------ ----------
Total Obligations 6,364,155.46 5,915,047.91 449,107.55
Excess Spread 2,597,283.80 2,212,326.49 384,957.31
Required Amount 0.00 0.00 0.00
1 Mo. Libor Rate 6.710000%
----------------
Cash Collateral Account
-----------------------
Cash Collateral Fee 27,777.78
Interest on CCA Draw 0.00
----
Monthly Cash Collateral Fee 27,777.78
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
Cash Collateral Account (continued)
-----------------------------------
Quarterly Excess Spread Percentage 6.28%
Principal Payment Rate - 3 month average 10.86%
Calculated Current Month's Spread Account Cap 1.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 1.00%
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 5,000,000.00
Required Spread Account Amount 5,000,000.00
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 56,570,442.89
Principal Shortfall 0.00
Shared Principal to Other Series 56,570,442.89
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 Withdrawl 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 465,000,000.00
Ending Class B Invested Amount 35,000,000.00
Class A Accumulation Period Length
----------------------------------
Min 12 Month Historical Prin Pmt Rate 10.19%
Revolving Investor Interest 500,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 50,959,910.75
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 16.07%
Reserve Account Factor 83.33%
Portfolio Adjusted Yield 6.44%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Mar-02
Weighted Average Coupon 7.40%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 15.58%
Base Rate - 3 month average 9.03%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 6.54%
</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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