EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 08/11/2010

 

  

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: July 31, 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 Mellon, 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 August 13, 2010 and with respect to the performance of the Trust during the related Monthly Period from July 1, 2010 through July 31, 2010. Current Distribution Date is August 16, 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 Commission (“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.
Second Amendment to the Amended and Restated Pooling and Servicing Agreement, dated as of July 15, 2010.      Included in Exhibit 4.1 to the Trust’s Form 8-K filed with the SEC on July 15, 2010.
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    16-Aug-10    280,417.78    0.5608355600

Class A (2004-1)

    14041NBG5    16-Aug-10    244,862.22    0.4897244400

Class A (2004-4)

    14041NBN0    16-Aug-10    249,306.67    0.4986133400

Class A (2004-5)

    14041NBP5    16-Aug-10    87,278.22    0.4363911000

Class A (2004-7)

    14041NBU4    16-Aug-10    740,487.22    1.4809744400

Class A (2004-8)

    14041NBW0    16-Aug-10    209,306.67    0.4186133400

Class A (2005- 1)

    14041NBY6    16-Aug-10    273,960.00    0.3652800000

Class A (2005- 4)

    14041NCD1    16-Aug-10    90,917.33    0.3030577667

Class A (2005- 6)

    14041NCF6    15-Oct-10    —      0.0000000000

Class A (2005- 7)

    14041NCH2    16-Aug-10    1,958,333.33    3.9166666600

Class A (2005- 9)

    14041NCK5    16-Aug-10    124,493.78    0.3830577846

Class A (2005-10)

    14041NCL3    16-Aug-10    187,084.44    0.3741688800

Class A (2005-11)

    14041NCM1    16-Aug-10    169,306.67    0.3386133400

Class A (2006- 1)

    14041NCN9    16-Aug-10    167,084.44    0.3341688800

Class A (2006- 2)

    14041NCP4    16-Aug-10    2,020,833.33    4.0416666600

Class A (2006- 3)

    14041NCQ2    16-Aug-10    1,683,333.33    4.2083333250

Class A (2006- 4)

    14041NCR0    16-Aug-10    338,613.33    0.3386133300

Class A (2006- 5)

    14041NCS8    16-Aug-10    178,195.56    0.3563911200

Class A (2006- 6)

    14041NCU3    16-Aug-10    2,208,333.33    4.4166666600

Class A (2006- 7)

    14041NCV1    16-Aug-10    329,724.44    0.3297244400

Class A (2006- 8)

    14041NCX7    16-Aug-10    98,917.33    0.3297244333

Class A (2006-10)

    14041NDA6    16-Aug-10    2,145,833.33    4.2916666600

Class A (2006-11)

    14041NDB4    16-Aug-10    287,293.33    0.3830577733

Class A (2006-12)

    14041NDC2    16-Aug-10    178,195.56    0.3563911200

Class A (2006-14)

    14041NDF5    16-Aug-10    155,973.33    0.3119466600

Class A (2006-A)

       16-Aug-10    —      0.0000000000

Class A (2006-B)

       16-Aug-10    —      0.0000000000

Class A (2006-C)

       16-Aug-10    —      0.0000000000

Class A (2006-D)

       16-Aug-10    —      0.0000000000

Class A (2006-E)

       16-Aug-10    —      0.0000000000

Class A (2007- 1)

    14041NDG3    16-Aug-10    217,188.89    0.3475022240

Class A (2007- 2)

    14041NDL2    16-Aug-10    261,918.22    0.3741688857

Class A (2007- 4)

    14041NDS7    16-Aug-10    247,293.33    0.3297244400

Class A (2007- A)

    U13554AD9    16-Aug-10    866,666.67    4.3333333500

Class A (2007-5)

    14041NDT5    16-Aug-10    203,168.00    0.3386133333

Class A (2007-7)

    14041NDX6    16-Aug-10    4,791,666.67    4.7916666700

Class A (2007-8)

    14041NDY4    15-Sep-10    —      0.0000000000

Class A (2008-3)

    14041N ED9    16-Aug-10    2,525,000.00    4.2083333333

Class A (2008-5)

    14041N EF4    16-Aug-10    3,031,250.00    4.0416666667

Class A (2008-6)

    14041NEG2    16-Aug-10    640,417.78    1.2808355600

Class A (2009-2)

    14041NEJ6    16-Aug-10    2,666,666.67    0.0000000000

 

3

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

Class A (2009-A)

       16-Aug-10    —      0.0000000000
             

Total Class A

          29,859,321.20   

Class B (2003-5)

    14041NBA8    16-Aug-10    598,750.00    3.9916666667

Class B (2004-3)

    14041NBL4    16-Aug-10    142,792.00    0.9519466667

Class B (2004-7)

       15-Oct-10    —      0.0000000000

Class B (2005-1)

    14041NBX8    16-Aug-10    714,583.33    4.0833333143

Class B (2005-3)

    14041NCG4    15-Oct-10    —      0.0000000000

Class B (2006-1)

    14041NCT6    16-Aug-10    96,590.67    0.5519466857

Class B (2007- 1)

    14041NDH1    16-Aug-10    190,070.22    0.5430577714

Class B (2009-C)

       16-Aug-10    1,602,603.92    2.7475022153
             

Total Class B

          3,345,390.14   

Class C (2003-3)

    14041NAV3    16-Aug-10    575,764.44    2.3030577600

Class C (2003-4)

    14041NAZ4    16-Aug-10    1,250,000.00    5.0000000000

Class C (2004-2)

    14041NBH3    16-Aug-10    123,639.11    1.2363911000

Class C (2004-3)

       15-Sep-10    —      0.0000000000

Class C (2006-1)

    14041NCW9    16-Aug-10    98,146.22    0.5608355429

Class C (2006-2)

    14041NCZ2    16-Aug-10    56,972.44    0.5697244000

Class C (2006-3)

    14041NDD0    16-Aug-10    73,437.78    0.5875022400

Class C (2007-1)

    14041NDJ7    16-Aug-10    218,917.33    0.7297244333

Class C (2007-2)

    14041NDK4    16-Aug-10    142,431.11    0.5697244400

Class C (2007-4)

    14041NEA5    16-Aug-10    526,070.22    1.5030577714

Class C (2009-A)

       16-Aug-10    180,395.95    2.5252799638
             

Total Class C

          3,245,774.60   

Total

          36,450,485.94   

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

NOTHING TO REPORT

            

 

4

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 (2006-10)

    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

Class A (2007-7)

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

 

5

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

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

    20,205,000,000.00    20,205,000,000.00    20,205,000,000.00    20,205,000,000.00

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 (2009-C)

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

Total Class B

    1,867,899,860.00    1,867,899,860.00    1,867,899,860.00    1,867,899,860.00

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)

       246,600,580.60    246,600,580.60    246,600,580.60
                   

Total

    24,411,835,880.00    24,658,436,460.60    24,658,436,460.60    24,658,436,460.60

 

6

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 (2006-10)

   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

Class A (2007-5)

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

 

7

    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 (2007-7)

   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

   20,205,000,000.00   —     —     —     —     —     —      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 (2009-C)

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

Total Class B

   1,867,899,860.00   —     —     —     —     —     —      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)

   246,600,580.60   —     —     —     —     —     —      246,600,580.60
                                

Total

   24,658,436,460.60   —     —     —     —     —     —      24,658,436,460.60

 

8

* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Report. 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-Accout 		   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
NOTHING TO REPORT                     

 

9

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)

    0.631 %    —      280,417.78    —      280,417.78    (280,417.78 )    —      0.00

Class A (2004-1)

    0.551 %    —      244,862.22    —      244,862.22    (244,862.22 )    —      0.00

Class A (2004-4)

    0.561 %    —      249,306.67    —      249,306.67    (249,306.67 )    —      0.00

Class A (2004-5)

    0.491 %    —      87,278.22    —      87,278.22    (87,278.22 )    —      0.00

Class A (2004-7)

    0.586 %    480,096.11    260,391.11    —      260,391.11    (740,487.22 )    —      23.23

Class A (2004-8)

    0.471 %    —      209,306.67    —      209,306.67    (209,306.67 )    —      0.00

Class A (2005- 1)

    0.411 %    —      273,960.00    —      273,960.00    (273,960.00 )    —      0.00

Class A (2005- 4)

    0.341 %    —      90,917.33    —      90,917.33    (90,917.33 )    —      0.00

Class A (2005- 6)

    0.576 %    —      232,935.73    —      232,935.73    —        232,935.73    5.85

Class A (2005- 7)

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

Class A (2005- 9)

    0.431 %    —      124,493.78    —      124,493.78    (124,493.78 )    —      0.00

Class A (2005-10)

    0.421 %    —      187,084.44    —      187,084.44    (187,084.44 )    —      0.00

Class A (2005-11)

    0.381 %    —      169,306.67    —      169,306.67    (169,306.67 )    —      0.00

Class A (2006- 1)

    0.376 %    —      167,084.44    —      167,084.44    (167,084.44 )    —      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)

    0.381 %    —      338,613.33    —      338,613.33    (338,613.33 )    —      0.00

Class A (2006- 5)

    0.401 %    —      178,195.56    —      178,195.56    (178,195.56 )    —      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)

    0.371 %    —      329,724.44    —      329,724.44    (329,724.44 )    —      0.00

Class A (2006- 8)

    0.371 %    —      98,917.33    —      98,917.33    (98,917.33 )    —      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)

    0.431 %    —      287,293.33    —      287,293.33    (287,293.33 )    —      0.00

Class A (2006-12)

    0.401 %    —      178,195.56    —      178,195.56    (178,195.56 )    —      0.00

Class A (2006-14)

    0.351 %    —      155,973.33    —      155,973.33    (155,973.33 )    —      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)

    0.391 %    —      217,188.89    —      217,188.89    (217,188.89 )    —      0.00

Class A (2007- 2)

    0.421 %    —      261,918.22    —      261,918.22    (261,918.22 )    —      0.00

Class A (2007- 4)

    0.371 %    —      247,293.33    —      247,293.33    (247,293.33 )    —      0.00

Class A (2007- A)

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

Class A (2007-5)

    0.381 %    —      203,168.00    —      203,168.00    (203,168.00 )    —      0.00

Class A (2007-7)

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

Class A (2007-8)

    0.837 %    348,775.00    372,026.67    —      372,026.67    —        720,801.67    13.19

Class A (2008-3)

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

 

10

     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 (2008-5)

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

Class A (2008-6)

    1.441 %    —      640,417.78    —      640,417.78    (640,417.78 )    —      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

      828,871.11    29,984,187.49    —      29,984,187.49    (29,859,321.20 )    953,737.40    42.27

Class B (2003-5)

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

Class B (2004-3)

    1.071 %    —      142,792.00    —      142,792.00    (142,792.00 )    —      0.00

Class B (2004-7)

    1.119 %    —      172,127.24    —      172,127.24    —        172,127.24    5.84

Class B (2005-1)

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

Class B (2005-3)

    1.076 %    —      95,639.11    —      95,639.11    —        95,639.11    3.11

Class B (2006-1)

    0.621 %    —      96,590.67    —      96,590.67    (96,590.67 )    —      0.00

Class B (2007- 1)

    0.611 %    —      190,070.22    —      190,070.22    (190,070.22 )    —      0.00

Class B (2009-C)

    —        —      1,602,603.92    —      1,602,603.92    (1,602,603.92 )    —      0.00
                                     

Total Class B

      —      3,613,156.49    —      3,613,156.49    (3,345,390.14 )    267,766.35    8.95

Class C (2003-3)

    2.591 %    —      575,764.44    —      575,764.44    (575,764.44 )    —      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)

    1.391 %    —      123,639.11    —      123,639.11    (123,639.11 )    —      0.00

Class C (2004-3)

    6.399 %    1,959,693.75    1,959,693.75    —      1,959,693.75    —        3,919,387.50    74.10

Class C (2006-1)

    0.631 %    —      98,146.22    —      98,146.22    (98,146.22 )    —      0.00

Class C (2006-2)

    0.641 %    —      56,972.44    —      56,972.44    (56,972.44 )    —      0.00

Class C (2006-3)

    0.661 %    —      73,437.78    —      73,437.78    (73,437.78 )    —      0.00

Class C (2007-1)

    0.821 %    —      218,917.33    —      218,917.33    (218,917.33 )    —      0.00

Class C (2007-2)

    0.641 %    —      142,431.11    —      142,431.11    (142,431.11 )    —      0.00

Class C (2007-4)

    1.691 %    —      526,070.22    —      526,070.22    (526,070.22 )    —      0.00

Class C (2009-A)

    —        —      180,395.95    —      180,395.95    (180,395.95 )    —      0.00
                                     

Total Class C

      1,959,693.75    5,205,468.35    —      5,205,468.35    (3,245,774.60 )    3,919,387.50    74.10

Total

      2,788,564.86    38,802,812.33    —      38,802,812.33    (36,450,485.94 )    5,140,891.25    125.32

 

11

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)

    246,584,364.61    0.00    0.00    184,938,273.46    61,646,091.15    15,031.53

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

                  

 

12

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

      

 

13

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 (2006-10)

    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 (2007-7)

    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

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

 

14

     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 (2008-6)

    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 (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.

 

15

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $ 164,546,410.52
      

Prior Month Excess Spread Amount

    $ 143,227,955.96
      

Two Months Prior Excess Spread Amount

    $ 139,893,413.33
      

Three Month Average Excess Spread Amount

    $ 149,222,593.27
      

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 11th day of August, 2010.

 

Capital One Bank (USA), National Association

as Administrator

By:

  

/s/ Pam Koch

Name:

   Pam Koch

Title:

   Authorized Officer

Date:

   08/11/2010

 

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