EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 07/12/2010

 

  

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: June 30, 2010

Reference is made to the Series 2002-CC Supplement as amended, (the “Series 2002-CC Supplement”), dated as of October 9, 2002, between Capital One Funding, LLC, a Virginia limited liability company (“Funding”), as Transferor, Capital One Bank (USA), National Association, a national banking association (the “Bank”), as Servicer, and The Bank of New York, as Trustee, and the Indenture as amended, (the “Indenture”), dated as of October 9, 2002, between Capital One Multi-asset Execution Trust, as Issuer, and The Bank of New York, as Indenture Trustee.

The following computations are prepared with respect to the Transfer Date of July 14, 2010 and with respect to the performance of the Trust during the related Monthly Period from June 1, 2010 through June 30, 2010. Current Distribution Date is July 15, 2010.

Interest Period for all tranches generally includes the previous Distribution Date (or in the case of the initial Interest Payment Date, the Issuance Date) through the day preceding the current Distribution Date. Interest on floating rate tranches is calculated on the basis of 360-day year and the actual number of days in the related interest Period. Interest on fixed rate tranches is calculated on the basis of a 360-day year and twelve 30-day months.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange Commision (“SEC”).

 

Amended and Restated Pooling and Servicing Agreement dated as of August 1, 2002, January 13, 2006, March 23, 2007 and July 1, 2007      Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on July 6, 2007.
First Amendment to Amended and Restated Pooling and Servicing Agreement dated as of March 1, 2008.      Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, relating to the COMT Collateral Certificate.      Included in Exhibit 4.1 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to the Series 2002-CC Supplement dated as of March 1, 2008.      Included in Exhibit 4.6 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Transfer and Administration Agreement dated as of October 9, 2002.      Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Transfer and Administration Agreement dated as of March 1, 2008.      Included in Exhibit 4.10 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

 

1

Capital One Multi-asset Execution Trust Amended and Restated
Trust Agreement dated as of October 9, 2002.		      Included in Exhibit 4.3 to Funding’s Form 8-K filed with the
SEC on November 12, 2002.
Indenture dated as of October 9, 2002.      Included in Exhibit 4.4 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Indenture dated as of March 1, 2008.      Included in Exhibit 4.7 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
COMT Asset Pool 1 Supplement dated as of October 9, 2002.      Included in Exhibit 4.5 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to COMT Asset Pool 1 Supplement dated as of March 1, 2008.      Included in Exhibit 4.8 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
COMT Asset Pool 1 Supplement dated as of October 9, 2002.      Included in Exhibit 4.6 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Card Series Indenture Supplement dated as of March 1, 2008.      Included in Exhibit 4.9 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

 

2

A. Interest to be paid on the corresponding Distribution Date:

 

     CUSIP Number    Interest Payment
Date		    Total Amount of
Interest to be paid		    Per $1000 of
Outstanding Dollar
Principal Amount

Class A (2003-5)

    14041NAX9    15-Jul-10    266,537.50    0.5330750000

Class A (2004-1)

    14041NBG5    15-Jul-10    233,204.17    0.4664083400

Class A (2004-4)

    14041NBN0    15-Jul-10    237,370.83    0.4747416600

Class A (2004-5)

    14041NBP5    15-Jul-10    83,281.67    0.4164083500

Class A (2004-7)

    14041NBU4    16-Aug-10    —      0.0000000000

Class A (2004-8)

    14041NBW0    15-Jul-10    199,870.83    0.3997416600

Class A (2005- 1)

    14041NBY6    15-Jul-10    262,306.25    0.3497416667

Class A (2005- 4)

    14041NCD1    15-Jul-10    87,422.50    0.2914083333

Class A (2005- 6)

    14041NCF6    15-Jul-10    405,780.50    0.8918252747

Class A (2005- 7)

    14041NCH2    15-Jul-10    1,958,333.33    3.9166666600

Class A (2005- 9)

    14041NCK5    15-Jul-10    119,082.71    0.3664083385

Class A (2005-10)

    14041NCL3    15-Jul-10    179,037.50    0.3580750000

Class A (2005-11)

    14041NCM1    15-Jul-10    162,370.83    0.3247416600

Class A (2006- 1)

    14041NCN9    15-Jul-10    160,287.50    0.3205750000

Class A (2006- 2)

    14041NCP4    15-Jul-10    2,020,833.33    4.0416666600

Class A (2006- 3)

    14041NCQ2    15-Jul-10    1,683,333.33    4.2083333250

Class A (2006- 4)

    14041NCR0    15-Jul-10    324,741.67    0.3247416700

Class A (2006- 5)

    14041NCS8    15-Jul-10    170,704.17    0.3414083400

Class A (2006- 6)

    14041NCU3    15-Jul-10    2,208,333.33    4.4166666600

Class A (2006- 7)

    14041NCV1    15-Jul-10    316,408.33    0.3164083300

Class A (2006- 8)

    14041NCX7    15-Jul-10    94,922.50    0.3164083333

Class A (2006- 9)

    14041NCY5    15-Jul-10    227,931.25    0.3039083333

Class A (2006-10)

    14041NDA6    15-Jul-10    2,145,833.33    4.2916666600

Class A (2006-11)

    14041NDB4    15-Jul-10    274,806.25    0.3664083333

Class A (2006-12)

    14041NDC2    15-Jul-10    170,704.17    0.3414083400

Class A (2006-14)

    14041NDF5    15-Jul-10    149,870.83    0.2997416600

Class A (2006-A)

       15-Jul-10    —      0.0000000000

Class A (2006-B)

       15-Jul-10    —      0.0000000000

Class A (2006-C)

       15-Jul-10    —      0.0000000000

Class A (2006-D)

       15-Jul-10    —      0.0000000000

Class A (2006-E)

       15-Jul-10    —      0.0000000000

Class A (2007- 1)

    14041NDG3    15-Jul-10    208,171.88    0.3330750080

Class A (2007- 2)

    14041NDL2    15-Jul-10    250,652.50    0.3580750000

Class A (2007- 4)

    14041NDS7    15-Jul-10    237,306.25    0.3164083333

Class A (2007- A)

    U13554AD9    15-Jul-10    866,666.67    4.3333333500

Class A (2007-5)

    14041NDT5    15-Jul-10    194,845.00    0.3247416667

Class A (2007-6)

    14041NDW8    15-Jul-10    349,741.67    0.3497416700

Class A (2007-7)

    14041NDX6    15-Jul-10    4,791,666.67    4.7916666700

Class A (2007-8)

    14041NDY4    15-Sep-10    —      0.0000000000

Class A (2008-3)

    14041N ED9    15-Jul-10    2,525,000.00    4.2083333333

Class A (2008-5)

    14041N EF4    15-Jul-10    3,031,250.00    4.0416666667

 

3

     CUSIP Number    Interest Payment
Date		    Total Amount of
Interest to be paid		    Per $1000 of
Outstanding Dollar
Principal Amount

Class A (2008-6)

    14041NEG2    15-Jul-10    604,037.50    1.2080750000

Class A (2009-2)

    14041NEJ6    15-Jul-10    2,666,666.67    0.0000000000

Class A (2009-A)

       15-Jul-10    —      0.0000000000
             

Total Class A

          29,869,313.42   

Class B (2003-5)

    14041NBA8    15-Jul-10    598,750.00    3.9916666667

Class B (2004-3)

    14041NBL4    15-Jul-10    134,961.25    0.8997416667

Class B (2004-7)

       15-Jul-10    419,313.75    2.2714105793

Class B (2005-1)

    14041NBX8    15-Jul-10    714,583.33    4.0833333143

Class B (2005-3)

    14041NCG4    15-Jul-10    215,571.41    2.1557141000

Class B (2006-1)

    14041NCT6    15-Jul-10    91,829.79    0.5247416571

Class B (2007- 1)

    14041NDH1    15-Jul-10    180,742.92    0.5164083429

Class B (2007- 5)

    14041NDV0    15-Jul-10    675,000.00    4.5000000000

Class B (2009-C)

       15-Jul-10    1,506,694.37    2.5830749992
             

Total Class B

          4,537,446.82   

Class C (2003-3)

    14041NAV3    15-Jul-10    541,602.08    2.1664083200

Class C (2003-4)

    14041NAZ4    15-Jul-10    1,250,000.00    5.0000000000

Class C (2004-2)

    14041NBH3    15-Jul-10    116,640.83    1.1664083000

Class C (2004-3)

       15-Sep-10    —      0.0000000000

Class C (2006-1)

    14041NCW9    15-Jul-10    93,288.13    0.5330750286

Class C (2006-2)

    14041NCZ2    15-Jul-10    54,140.83    0.5414083000

Class C (2006-3)

    14041NDD0    15-Jul-10    69,759.38    0.5580750400

Class C (2007-1)

    14041NDJ7    15-Jul-10    207,422.50    0.6914083333

Class C (2007-2)

    14041NDK4    15-Jul-10    135,352.08    0.5414083200

Class C (2007-4)

    14041NEA5    15-Jul-10    495,742.92    1.4164083429

Class C (2009-A)

       15-Jul-10    169,642.09    2.3747416219
             

Total Class C

          3,133,590.84   

Total

          37,540,351.08   

 

4

B. Principal to be paid on the Distribution Date:

 

     CUSIP Number    Principal Payment
Date		    Total Amount of
Principal to be
paid		    Per $1000 of
Outstanding Dollar
Principal Amount

Class A (2006-9)

    14041NCY5    15-Jul-10    750,000,000.00    1,000.0000000000

Class A (2007-6)

    14041NDW8    15-Jul-10    1,000,000,000.00    1,000.0000000000

Class B (2007-5)

    14041NDV0    15-Jul-10    150,000,000.00    1,000.0000000000

 

5

C. Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:

    (as of the end of the related Monthly Period)

 

     Initial Dollar
Principal Amount		    Outstanding Dollar
Principal Amount		    Adjusted
Outstanding Dollar
Principal  Amount		    Nominal
Liquidation
Amount

Class A (2003-5)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-1)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-4)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-5)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class A (2004-7)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-8)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-1)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2005-4)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00

Class A (2005-6)

    455,000,000.00    455,000,000.00    455,000,000.00    455,000,000.00

Class A (2005-7)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-9)

    325,000,000.00    325,000,000.00    325,000,000.00    325,000,000.00

Class A (2005-10)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-11)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-1)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-2)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-3)

    400,000,000.00    400,000,000.00    400,000,000.00    400,000,000.00

Class A (2006-4)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2006-5)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-6)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-7)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2006-8)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00

Class A (2006-9)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2006-10)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-11)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2006-12)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-14)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-A)

    —      —      —      —  

Class A (2006-B)

    —      —      —      —  

Class A (2006-C)

    —      —      —      —  

Class A (2006-D)

    —      —      —      —  

Class A (2006-E)

    —      —      —      —  

Class A (2007-1)

    625,000,000.00    625,000,000.00    625,000,000.00    625,000,000.00

Class A (2007-2)

    700,000,000.00    700,000,000.00    700,000,000.00    700,000,000.00

Class A (2007-4)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2007-A)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class A (2007-5)

    600,000,000.00    600,000,000.00    600,000,000.00    600,000,000.00

 

6

     Initial Dollar
Principal Amount		    Outstanding Dollar
Principal Amount		    Adjusted
Outstanding Dollar
Principal Amount		    Nominal
Liquidation
Amount

Class A (2007-6)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2007-7)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2007-8)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2008-3)

    600,000,000.00    600,000,000.00    600,000,000.00    600,000,000.00

Class A (2008-5)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2008-6)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2009-2)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2009-A)

    —      —      —      —  
                   

Total Class A

    21,955,000,000.00    21,955,000,000.00    21,955,000,000.00    21,955,000,000.00

Class B (2003-5)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class B (2004-3)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class B (2004-7)

    184,605,000.00    184,605,000.00    184,605,000.00    184,605,000.00

Class B (2005-1)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class B (2005-3)

    100,000,000.00    100,000,000.00    100,000,000.00    100,000,000.00

Class B (2006-1)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class B (2007-1)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00

Class B (2007-5)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class B (2009-C)

    583,294,860.00    583,294,860.00    583,294,860.00    583,294,860.00
                   

Total Class B

    2,017,899,860.00    2,017,899,860.00    2,017,899,860.00    2,017,899,860.00

Class C (2003-3)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2003-4)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2004-2)

    100,000,000.00    100,000,000.00    100,000,000.00    100,000,000.00

Class C (2004-3)

    367,500,000.00    367,500,000.00    367,500,000.00    367,500,000.00

Class C (2006-1)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2006-2)

    100,000,000.00    100,000,000.00    100,000,000.00    100,000,000.00

Class C (2006-3)

    125,000,000.00    125,000,000.00    125,000,000.00    125,000,000.00

Class C (2007-1)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00

Class C (2007-2)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2007-4)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00

Class C (2009-A)

    71,436,020.00    71,436,020.00    71,436,020.00    71,436,020.00
                   

Total Class C

    2,338,936,020.00    2,338,936,020.00    2,338,936,020.00    2,338,936,020.00

Class D (2002-1)

       265,793,713.72    265,793,713.72    265,793,713.72
                   

Total

    26,311,835,880.00    26,577,629,593.72    26,577,629,593.72    26,577,629,593.72

 

7

D. Nominal Liquidation Amount for Tranches of Notes Outstanding:

    (including all tranches issued as of the end of the Monthly Period, after taking into account all allocations expected to occur on the Distribution Date)

 

    End of  Month
Nominal
Liquidation
Amount		   Increase due to
accretions of
Principal for
Discount Notes		   Withdrawal from
Principal Funding
sub-Account		   Reimbursements
of Nominal
Liquidation
Amount from
Available Funds		   Reductions due
to reallocation of
Card Series
Principal Amounts		   Reduction due  to
Investor
Charge-offs		   Reductions due to
deposits into the
Principal Funding
sub-Account		   Nominal
Liquidation
Amount as of the
Distribution Date*

Class A (2003-5)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2004-1)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2004-4)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2004-5)

   200,000,000.00   —     —     —     —     —     —     200,000,000.00

Class A (2004-7)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2004-8)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2005-1)

   750,000,000.00   —     —     —     —     —     —     750,000,000.00

Class A (2005-4)

   300,000,000.00   —     —     —     —     —     —     300,000,000.00

Class A (2005-6)

   455,000,000.00   —     —     —     —     —     —     455,000,000.00

Class A (2005-7)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2005-9)

   325,000,000.00   —     —     —     —     —     —     325,000,000.00

Class A (2005-10)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2005-11)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-1)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-2)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-3)

   400,000,000.00   —     —     —     —     —     —     400,000,000.00

Class A (2006-4)

   1,000,000,000.00   —     —     —     —     —     —     1,000,000,000.00

Class A (2006-5)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-6)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-7)

   1,000,000,000.00   —     —     —     —     —     —     1,000,000,000.00

Class A (2006-8)

   300,000,000.00   —     —     —     —     —     —     300,000,000.00

Class A (2006-9)

   750,000,000.00   —     —     —     —     —     750,000,000.00   —  

Class A (2006-10)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-11)

   750,000,000.00   —     —     —     —     —     —     750,000,000.00

Class A (2006-12)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-14)

   500,000,000.00   —     —     —     —     —     —     500,000,000.00

Class A (2006-A)

   —     —     —     —     —     —     —     —  

Class A (2006-B)

   —     —     —     —     —     —     —     —  

Class A (2006-C)

   —     —     —     —     —     —     —     —  

Class A (2006-D)

   —     —     —     —     —     —     —     —  

Class A (2006-E)

   —     —     —     —     —     —     —     —  

Class A (2007-1)

   625,000,000.00   —     —     —     —     —     —     625,000,000.00

Class A (2007-2)

   700,000,000.00   —     —     —     —     —     —     700,000,000.00

Class A (2007-4)

   750,000,000.00   —     —     —     —     —     —     750,000,000.00

Class A (2007-A)

   200,000,000.00   —     —     —     —     —     —     200,000,000.00

 

8

    End of  Month
Nominal
Liquidation
Amount		   Increase due to
accretions of
Principal for
Discount Notes		   Withdrawal from
Principal Funding
sub-Account		   Reimbursements
of Nominal
Liquidation
Amount from
Available Funds		   Reductions due
to reallocation of
Card Series
Principal Amounts		   Reduction due  to
Investor
Charge-offs		   Reductions due to
deposits into the
Principal Funding
sub-Account		   Nominal
Liquidation
Amount as of  the
Distribution Date*

Class A (2007-5)

   600,000,000.00   —     —     —     —       —     600,000,000.00

Class A (2007-6)

   1,000,000,000.00   —     —     —     —       1,000,000,000.00   —  

Class A (2007-7)

   1,000,000,000.00   —     —     —     —       —     1,000,000,000.00

Class A (2007-8)

   500,000,000.00   —     —     —     —       —     500,000,000.00

Class A (2008-3)

   600,000,000.00   —     —     —     —       —     600,000,000.00

Class A (2008-5)

   750,000,000.00   —     —     —     —       —     750,000,000.00

Class A (2008-6)

   500,000,000.00   —     —     —     —       —     500,000,000.00

Class A (2009-2)

   1,000,000,000.00   —     —     —     —       —     1,000,000,000.00

Class A (2009-A)

   —     —     —     —     —       —     —  
                               

Total Class A

   21,955,000,000.00   —     —     —     —       1,750,000,000.00   20,205,000,000.00

Class B (2003-5)

   150,000,000.00   —     —     —     —       —     150,000,000.00

Class B (2004-3)

   150,000,000.00   —     —     —     —       —     150,000,000.00

Class B (2004-7)

   184,605,000.00   —     —     —     —       —     184,605,000.00

Class B (2005-1)

   175,000,000.00   —     —     —     —       —     175,000,000.00

Class B (2005-3)

   100,000,000.00   —     —     —     —       —     100,000,000.00

Class B (2006-1)

   175,000,000.00   —     —     —     —       —     175,000,000.00

Class B (2007-1)

   350,000,000.00   —     —     —     —       —     350,000,000.00

Class B (2007-5)

   150,000,000.00   —     —     —     —       150,000,000.00   —  

Class B (2009-C)

   583,294,860.00   —     —     —     —       —     583,294,860.00
                               

Total Class B

   2,017,899,860.00   —     —     —     —       150,000,000.00   1,867,899,860.00

Class C (2003-3)

   250,000,000.00   —     —     —     —       —     250,000,000.00

Class C (2003-4)

   250,000,000.00   —     —     —     —       —     250,000,000.00

Class C (2004-2)

   100,000,000.00   —     —     —     —       —     100,000,000.00

Class C (2004-3)

   367,500,000.00   —     —     —     —       —     367,500,000.00

Class C (2006-1)

   175,000,000.00   —     —     —     —       —     175,000,000.00

Class C (2006-2)

   100,000,000.00   —     —     —     —       —     100,000,000.00

Class C (2006-3)

   125,000,000.00   —     —     —     —       —     125,000,000.00

Class C (2007-1)

   300,000,000.00   —     —     —     —       —     300,000,000.00

Class C (2007-2)

   250,000,000.00   —     —     —     —       —     250,000,000.00

Class C (2007-4)

   350,000,000.00   —     —     —     —       —     350,000,000.00

Class C (2009-A)

   71,436,020.00   —     —     —     —       —     71,436,020.00
                               

Total Class C

   2,338,936,020.00   —     —     —     —       —     2,338,936,020.00

Class D (2002-1)

   265,793,713.72   —     —     —     —       —     246,600,580.60
                               

 

9

    End of  Month
Nominal
Liquidation
Amount		   Increase due to
accretions of
Principal for
Discount Notes		   Withdrawal from
Principal Funding
sub-Account		   Reimbursements
of Nominal
Liquidation
Amount from
Available Funds		   Reductions due
to reallocation of
Card Series
Principal Amounts		   Reduction due  to
Investor
Charge-offs		   Reductions due to
deposits into the
Principal Funding
sub-Account		   Nominal
Liquidation
Amount as of  the
Distribution Date*

Total

   26,577,629,593.72   —     —     —     —     —     1,900,000,000.00   24,658,436,460.60

 

* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Period. Additionally, the Class D balance reflects any reductions due to maturities that will occur on the distribution date.

E. Targeted Deposits to Principal Funding sub-Accounts:

 

    Beginning
Principal Funding
sub-Account
Balance		   Targeted Deposit
to Principal
Funding
sub-Account		   Previous shortfalls
of targeted
deposits to the
Principal Funding
Sub-Account 		  Actual Deposit to
Principal Funding
sub-Account		   Amounts withdrawn
from the Principal
Funding sub-Account
for payment  to
Noteholders		   Ending
Principal Funding
sub-Account
Balance		   Principal Funding
sub-Account
Earnings

Class A (2006-9)

   —     750,000,000.00   —     750,000,000.00   750,000,000.00   —     —  

Class A (2007-6)

   —     1,000,000,000.00   —     1,000,000,000.00   1,000,000,000.00   —     —  

Class B (2007-5)

   —     150,000,000.00   —     150,000,000.00   150,000,000.00   —     —  

 

10

F. Targeted Deposits to Interest Funding sub-Accounts:

 

    Applicable
Interest Rates		     Beginning Interest
Funding
sub-Account
Balance (1)		   Targeted Deposit
to Interest
Funding
sub-Account		   Previous Shortfalls of
targeted deposits to
the Interest Funding
sub-Account 		  Actual Deposit to
Interest Funding
sub-Account (2)		   Amounts withdrawn
from the Interest
Funding sub-Account
for payment  to
Noteholder’s (3)		     Ending
Interest Funding
sub-Account
Balance (1)		   Interest Funding
sub-Account
Earnings

Class A (2003-5)

   0.640 %    —     266,537.50   —     266,537.50   (266,537.50 )    —     0.00

Class A (2004-1)

   0.560 %    —     233,204.17   —     233,204.17   (233,204.17 )    —     0.00

Class A (2004-4)

   0.570 %    —     237,370.83   —     237,370.83   (237,370.83 )    —     0.00

Class A (2004-5)

   0.500 %    —     83,281.67   —     83,281.67   (83,281.67 )    —     0.00

Class A (2004-7)

   0.586 %    235,979.44   244,116.67   —     244,116.67   —        480,096.11   4.89

Class A (2004-8)

   0.480 %    —     199,870.83   —     199,870.83   (199,870.83 )    —     0.00

Class A (2005-1)

   0.420 %    —     262,306.25   —     262,306.25   (262,306.25 )    —     0.00

Class A (2005-4)

   0.350 %    —     87,422.50   —     87,422.50   (87,422.50 )    —     0.00

Class A (2005-6)

   0.353 %    272,006.71   133,773.79   —     133,773.79   (405,780.50 )    —     8.57

Class A (2005-7)

   4.700 %    —     1,958,333.33   —     1,958,333.33   (1,958,333.33 )    —     0.00

Class A (2005-9)

   0.440 %    —     119,082.71   —     119,082.71   (119,082.71 )    —     0.00

Class A (2005-10)

   0.430 %    —     179,037.50   —     179,037.50   (179,037.50 )    —     0.00

Class A (2005-11)

   0.390 %    —     162,370.83   —     162,370.83   (162,370.83 )    —     0.00

Class A (2006-1)

   0.385 %    —     160,287.50   —     160,287.50   (160,287.50 )    —     0.00

Class A (2006-2)

   4.850 %    —     2,020,833.33   —     2,020,833.33   (2,020,833.33 )    —     0.00

Class A (2006-3)

   5.050 %    —     1,683,333.33   —     1,683,333.33   (1,683,333.33 )    —     0.00

Class A (2006-4)

   0.390 %    —     324,741.67   —     324,741.67   (324,741.67 )    —     0.00

Class A (2006-5)

   0.410 %    —     170,704.17   —     170,704.17   (170,704.17 )    —     0.00

Class A (2006-6)

   5.300 %    —     2,208,333.33   —     2,208,333.33   (2,208,333.33 )    —     0.00

Class A (2006-7)

   0.380 %    —     316,408.33   —     316,408.33   (316,408.33 )    —     0.00

Class A (2006-8)

   0.380 %    —     94,922.50   —     94,922.50   (94,922.50 )    —     0.00

Class A (2006-9)

   0.365 %    —     227,931.25   —     227,931.25   (227,931.25 )    —     0.00

Class A (2006-10)

   5.150 %    —     2,145,833.33   —     2,145,833.33   (2,145,833.33 )    —     0.00

Class A (2006-11)

   0.440 %    —     274,806.25   —     274,806.25   (274,806.25 )    —     0.00

Class A (2006-12)

   0.410 %    —     170,704.17   —     170,704.17   (170,704.17 )    —     0.00

Class A (2006-14)

   0.360 %    —     149,870.83   —     149,870.83   (149,870.83 )    —     0.00

Class A (2006-A)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-B)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-C)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-D)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-E)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2007-1)

   0.400 %    —     208,171.88   —     208,171.88   (208,171.88 )    —     0.00

Class A (2007-2)

   0.430 %    —     250,652.50   —     250,652.50   (250,652.50 )    —     0.00

Class A (2007-4)

   0.380 %    —     237,306.25   —     237,306.25   (237,306.25 )    —     0.00

Class A (2007-A)

   5.200 %    —     866,666.67   —     866,666.67   (866,666.67 )    —     0.00

Class A (2007-5)

   0.390 %    —     194,845.00   —     194,845.00   (194,845.00 )    —     0.00

Class A (2007-6)

   0.420 %    —     349,741.67   —     349,741.67   (349,741.67 )    —     0.00

Class A (2007-7)

   5.750 %    —     4,791,666.67   —     4,791,666.67   (4,791,666.67 )    —     0.00

 

11

    Applicable
Interest Rates		     Beginning Interest
Funding
sub-Account
Balance (1)		   Targeted Deposit
to Interest
Funding
sub-Account		   Previous Shortfalls of
targeted deposits to
the Interest Funding
sub-Account		   Actual Deposit to
Interest Funding
sub-Account (2)		   Amounts withdrawn
from the Interest
Funding sub-Account
for payment to
Noteholder’s (3)		     Ending
Interest Funding
sub-Account
Balance (1)		   Interest Funding
sub-Account
Earnings

Class A (2007-8)

   0.837 %    —     348,775.00   —     348,775.00   —        348,775.00   10.08

Class A (2008-3)

   5.050 %    —     2,525,000.00   —     2,525,000.00   (2,525,000.00 )    —     0.00

Class A (2008-5)

   4.850 %    —     3,031,250.00   —     3,031,250.00   (3,031,250.00 )    —     0.00

Class A (2008-6)

   1.450 %    —     604,037.50   —     604,037.50   (604,037.50 )    —     0.00

Class A (2009-2)

   —        —     2,666,666.67   —     2,666,666.67   (2,666,666.67 )    —     0.00

Class A (2009-A)

   —        —     0.00   —     0.00   —        —     0.00
                               

Total Class A

     507,986.15   30,190,198.38   —     30,190,198.38   (29,869,313.42 )    828,871.11   23.54

Class B (2003-5)

   4.790 %    —     598,750.00   —     598,750.00   (598,750.00 )    —     0.00

Class B (2004-3)

   1.080 %    —     134,961.25   —     134,961.25   (134,961.25 )    —     0.00

Class B (2004-7)

   0.899 %    271,862.76   147,450.99   —     147,450.99   (419,313.75 )    —     8.50

Class B (2005-1)

   4.900 %    —     714,583.33   —     714,583.33   (714,583.33 )    —     0.00

Class B (2005-3)

   0.853 %    144,503.91   71,067.50   —     71,067.50   (215,571.41 )    —     4.55

Class B (2006-1)

   0.630 %    —     91,829.79   —     91,829.79   (91,829.79 )    —     0.00

Class B (2007-1)

   0.620 %    —     180,742.92   —     180,742.92   (180,742.92 )    —     0.00

Class B (2007-5)

   5.400 %    —     675,000.00   —     675,000.00   (675,000.00 )    —     0.00

Class B (2009-C)

   —        —     1,506,694.37   —     1,506,694.37   (1,506,694.37 )    —     0.00
                               

Total Class B

     416,366.67   4,121,080.15   —     4,121,080.15   (4,537,446.82 )    —     13.05

Class C (2003-3)

   2.600 %    —     541,602.08   —     541,602.08   (541,602.08 )    —     0.00

Class C (2003-4)

   6.000 %    —     1,250,000.00   —     1,250,000.00   (1,250,000.00 )    —     0.00

Class C (2004-2)

   1.400 %    —     116,640.83   —     116,640.83   (116,640.83 )    —     0.00

Class C (2004-3)

   6.399 %    —     1,959,693.75   —     1,959,693.75   —        1,959,693.75   81.16

Class C (2006-1)

   0.640 %    —     93,288.13   —     93,288.13   (93,288.13 )    —     0.00

Class C (2006-2)

   0.650 %    —     54,140.83   —     54,140.83   (54,140.83 )    —     0.00

Class C (2006-3)

   0.670 %    —     69,759.38   —     69,759.38   (69,759.38 )    —     0.00

Class C (2007-1)

   0.830 %    —     207,422.50   —     207,422.50   (207,422.50 )    —     0.00

Class C (2007-2)

   0.650 %    —     135,352.08   —     135,352.08   (135,352.08 )    —     0.00

Class C (2007-4)

   1.700 %    —     495,742.92   —     495,742.92   (495,742.92 )    —     0.00

Class C (2009-A)

   —        —     169,642.09   —     169,642.09   (169,642.09 )    —     0.00
                               

Total Class C

     —     5,093,284.59   —     5,093,284.59   (3,133,590.84 )    1,959,693.75   81.16

Total

     924,352.82   39,404,563.12   —     39,404,563.12   (37,540,351.08 )    2,788,564.86   117.75

 

12

G. Class C Reserve sub-Accounts:

 

     Beginning Class C
Reserve
sub-Account
Balance		    Targeted Deposit
to Class C
Reserve
sub-Account		    Actual Deposit to
Class C Reserve
sub-Account		    Withdrawals from
Class C Reserve
sub-Account
Balance		    Ending Class C
Reserve
sub-Account
Balance		    Class C Reserve
sub-Account
Earnings

NOTHING TO REPORT

                  

H. Targeted Deposits to Class D Reserve sub-Accounts:

    (Beginning Class D Reserve sub-Account Balance includes Class D Reserve sub-Account Earnings and deposits related to

    any new issuances)

 

     Beginning Class D
Reserve
sub-Account
Balance		    Targeted Deposit
to Class D
Reserve
sub-Account		    Actual Deposit to
Class D Reserve
sub-Account		    Withdrawals from
Class D Reserve
sub-Account
Balance		    Ending Class D
Reserve
sub-Account
Balance		    Class D Reserve
sub-Account
Earnings

Class D (2002-1)

    265,776,295.94    0.00    0.00    19,191,931.33    246,584,364.61    11,176.61

I. Targeted Deposits to Accumulation Reserve sub-Accounts:

 

     Beginning
Accumulation
Reserve
sub-Account
Balance		    Targeted Deposit
to Accumulation
Reserve
sub-Account		    Actual Deposit to
Accumulation
Reserve
sub-Account		    Withdrawals from
Accumulation
Reserve Account
for Interest		    Withdrawals from
Accumulation
Reserve Account
for Payments to
Issuer		    Ending
Accumulation
Reserve
sub-Account
Balance		    Accumulation
Reserve
sub-Account
Earnings

NOTHING TO REPORT

                     

J. Class A Usage of Class B, C and D Subordination Amounts:

 

     Class A Usage of
Class B
Subordination
Amount for this
Monthly Period		    Class A Usage of
Class C
Subordination
Amount for this
Monthly Period		    Class A Usage of
Class D
Subordination
Amount for this
Monthly Period		    Cumulative Class
A Usage of Class
B Subordination
Amount		    Cumulative Class
A Usage of Class
C Subordination
Amount		    Cumulative
Class A Usage
of Class D
Subordination
Amount

NOTHING TO REPORT

                  

 

13

K. Class B Usage of Class C and D Subordination Amounts:

 

     Class B Usage of
Class C
Subordination
Amount for this
Monthly Period		    Class B Usage of
Class D
Subordination
Amount for this
Monthly Period		    Cumulative Class
B Usage of Class
C Subordination
Amount		    Cumulative Class
B Usage of Class
D Subordination
Amount

NOTHING TO REPORT

            

L. Class C Usage of Class D Subordination Amounts:

 

     Class C Usage of
Class D
Subordination
Amount for this
Monthly Period		    Cumulative Class
C Usage of Class
D Subordination
Amount

NOTHING TO REPORT

      

 

14

M. Required and Available Subordination Amount to Class A, B and C Notes:

    (as of Determination Date, after taking into account all maturities expected to occur on the Distribution Date)

 

     Required
Subordination
Amount from
Class B Notes		    Available
Subordination
Amount from
Class B Notes		    Required
Subordination
Amount from
Class C Notes		    Available
Subordination
Amount from
Class C Notes		    Required
Subordination
Amount from
Class D Notes		    Available
Subordination
Amount from
Class D Notes

Class A (2003-5)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2004-1)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2004-4)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2004-5)

    17,671,860.00    17,671,860.00    20,882,540.00    20,882,540.00    2,409,800.00    2,409,800.00

Class A (2004-7)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2004-8)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2005-1)

    66,269,475.00    66,269,475.00    78,309,525.00    78,309,525.00    9,036,750.00    9,036,750.00

Class A (2005-4)

    26,507,790.00    26,507,790.00    31,323,810.00    31,323,810.00    3,614,700.00    3,614,700.00

Class A (2005-6)

    40,203,481.50    40,203,481.50    47,507,778.50    47,507,778.50    5,482,295.00    5,482,295.00

Class A (2005-7)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2005-9)

    28,716,772.50    28,716,772.50    33,934,127.50    33,934,127.50    3,915,925.00    3,915,925.00

Class A (2005-10)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2005-11)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-1)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-2)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-3)

    35,343,720.00    35,343,720.00    41,765,080.00    41,765,080.00    4,819,600.00    4,819,600.00

Class A (2006-4)

    88,359,300.00    88,359,300.00    104,412,700.00    104,412,700.00    12,049,000.00    12,049,000.00

Class A (2006-5)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-6)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-7)

    88,359,300.00    88,359,300.00    104,412,700.00    104,412,700.00    12,049,000.00    12,049,000.00

Class A (2006-8)

    26,507,790.00    26,507,790.00    31,323,810.00    31,323,810.00    3,614,700.00    3,614,700.00

Class A (2006-9)

                  

Class A (2006-10)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-11)

    66,269,475.00    66,269,475.00    78,309,525.00    78,309,525.00    9,036,750.00    9,036,750.00

Class A (2006-12)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-14)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

Class A (2006-A)

                  

Class A (2006-B)

                  

Class A (2006-C)

                  

Class A (2006-D)

                  

Class A (2006-E)

                  

Class A (2007-1)

    55,224,562.50    55,224,562.50    65,257,937.50    65,257,937.50    7,530,625.00    7,530,625.00

Class A (2007-2)

    61,851,510.00    61,851,510.00    73,088,890.00    73,088,890.00    8,434,300.00    8,434,300.00

Class A (2007-4)

    66,269,475.00    66,269,475.00    78,309,525.00    78,309,525.00    9,036,750.00    9,036,750.00

Class A (2007-A)

    17,671,860.00    17,671,860.00    20,882,540.00    20,882,540.00    2,409,800.00    2,409,800.00

Class A (2007-5)

    53,015,580.00    53,015,580.00    62,647,620.00    62,647,620.00    7,229,400.00    7,229,400.00

Class A (2007-6)

                  

Class A (2007-7)

    88,359,300.00    88,359,300.00    104,412,700.00    104,412,700.00    12,049,000.00    12,049,000.00

Class A (2007-8)

    44,179,650.00    44,179,650.00    52,206,350.00    52,206,350.00    6,024,500.00    6,024,500.00

 

15

    Required
Subordination
Amount  from
Class B Notes		   Available
Subordination
Amount  from
Class B Notes		   Required
Subordination
Amount from
Class C Notes		   Available
Subordination
Amount from
Class C Notes		   Required
Subordination
Amount from
Class D Notes		   Available
Subordination
Amount from
Class D Notes

Class A (2008-3)

   53,015,580.00   53,015,580.00   62,647,620.00   62,647,620.00   7,229,400.00   7,229,400.00

Class A (2008-5)

   66,269,475.00   66,269,475.00   78,309,525.00   78,309,525.00   9,036,750.00   9,036,750.00

Class A (2008-6)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2009-2)

   88,359,300.00   88,359,300.00   104,412,700.00   104,412,700.00   12,049,000.00   12,049,000.00

Class A (2009-A)

            
                       

Total Class A

   1,785,299,656.50   1,785,299,656.50   2,109,658,603.50   2,109,658,603.50   243,450,045.00   243,450,045.00

Class B (2003-5)

       169,918,911.38   169,918,911.38   19,622,136.69   19,622,136.69

Class B (2004-3)

       169,918,911.38   169,918,911.38   19,622,136.69   19,622,136.69

Class B (2004-7)

       209,119,204.24   209,119,204.24   24,148,963.63   24,148,963.63

Class B (2005-1)

       198,238,729.95   198,238,729.95   22,892,492.81   22,892,492.81

Class B (2005-3)

       113,279,274.25   113,279,274.25   13,081,424.46   13,081,424.46

Class B (2006-1)

       198,238,729.95   198,238,729.95   22,892,492.81   22,892,492.81

Class B (2007-1)

       396,477,459.88   396,477,459.88   45,784,985.61   45,784,985.61

Class B (2007-5)

            

Class B (2009-C)

       660,752,184.17   660,752,184.17   76,303,276.50   76,303,276.50
                   

Total Class B

       2,115,943,405.20   2,115,943,405.20   244,347,909.20   244,347,909.20

Class C (2003-3)

           26,358,200.75   26,358,200.75

Class C (2003-4)

           26,358,200.75   26,358,200.75

Class C (2004-2)

           10,543,280.30   10,543,280.30

Class C (2004-3)

           38,746,555.10   38,746,555.10

Class C (2006-1)

           18,450,740.52   18,450,740.52

Class C (2006-2)

           10,543,280.30   10,543,280.30

Class C (2006-3)

           13,179,100.37   13,179,100.37

Class C (2007-1)

           31,629,840.89   31,629,840.89

Class C (2007-2)

           26,358,200.75   26,358,200.75

Class C (2007-4)

           36,901,481.04   36,901,481.04

Class C (2009-A)

           7,531,699.83   7,531,699.83
               

Total Class C

           246,600,580.60   246,600,580.60

 

* All balances for 2006-AA, 2006-AB, 2006-AC, 2006-AD, 2006-AE, 2008-AA and 2008-AB, 2009-AA tranches are as of End of Month.

 

16

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $ 143,227,955.96
      

Prior Month Excess Spread Amount

    $ 139,893,413.33
      

Two Months Prior Excess Spread Amount

    $ 106,963,003.15
      

Three Month Average Excess Spread Amount

    $ 130,028,124.15
      

Is the average of the Excess Spread Amount

for preceding three months greater than $0?

      YES
      

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of July, 2010.

 

Capital One Bank (USA), National Association

as Administrator

By:

  

/s/ Pam Koch

Name:

   Pam Koch

Title:

   Authorized Officer

Date:

   07/12/2010

 

17