EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 09/10/2010

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: August 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 Mellon, as Indenture Trustee.

The following computations are prepared with respect to the Transfer Date of September 14, 2010 and with respect to the performance of the Trust during the related Monthly Period from August 1, 2010 through August 31, 2010. Current Distribution Date is September 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.
Second Amendment to Amended and Restated Pooling and Servicing Agreement dated as of July 15, 2010.    Included in Exhibit 4.1 to 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    15-Sep-10    235,808.33    0.4716166600

Class A (2004-1)

    14041NBG5    15-Sep-10    202,475.00    0.4049500000

Class A (2004-4)

    14041NBN0    15-Sep-10    206,641.67    0.4132833400

Class A (2004-5)

    14041NBP5    15-Sep-10    70,990.00    0.3549500000

Class A (2004-7)

    14041NBU4    15-Nov-10    —      0.0000000000

Class A (2004-8)

    14041NBW0    15-Sep-10    169,141.67    0.3382833400

Class A (2005-1)

    14041NBY6    15-Sep-10    216,212.50    0.2882833333

Class A (2005-4)

    14041NCD1    15-Sep-10    68,985.00    0.2299500000

Class A (2005-6)

    14041NCF6    15-Oct-10    —      0.0000000000

Class A (2005-7)

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

Class A (2005-9)

    14041NCK5    15-Sep-10    99,108.75    0.3049500000

Class A (2005-10)

    14041NCL3    15-Sep-10    148,308.33    0.2966166600

Class A (2005-11)

    14041NCM1    15-Sep-10    131,641.67    0.2632833400

Class A (2006-1)

    14041NCN9    15-Sep-10    129,558.33    0.2591166600

Class A (2006-2)

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

Class A (2006-3)

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

Class A (2006-4)

    14041NCR0    15-Sep-10    263,283.33    0.2632833300

Class A (2006-5)

    14041NCS8    15-Sep-10    139,975.00    0.2799500000

Class A (2006-6)

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

Class A (2006-7)

    14041NCV1    15-Sep-10    254,950.00    0.2549500000

Class A (2006-8)

    14041NCX7    15-Sep-10    76,485.00    0.2549500000

Class A (2006-10)

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

Class A (2006-11)

    14041NDB4    15-Sep-10    228,712.50    0.3049500000

Class A (2006-12)

    14041NDC2    15-Sep-10    139,975.00    0.2799500000

Class A (2006-14)

    14041NDF5    15-Sep-10    119,141.67    0.2382833400

Class A (2006-A)

       15-Sep-10    —      0.0000000000

Class A (2006-B)

       15-Sep-10    —      0.0000000000

Class A (2006-C)

       15-Sep-10    —      0.0000000000

Class A (2006-D)

       15-Sep-10    —      0.0000000000

Class A (2006-E)

       15-Sep-10    —      0.0000000000

Class A (2007-1)

    14041NDG3    15-Sep-10    169,760.42    0.2716166720

Class A (2007-2)

    14041NDL2    15-Sep-10    207,631.67    0.2966166714

Class A (2007-4)

    14041NDS7    15-Sep-10    191,212.50    0.2549500000

Class A (2007-A)

    U13554AD9    15-Sep-10    866,666.67    4.3333333500

Class A (2007-5)

    14041NDT5    15-Sep-10    157,970.00    0.2632833333

Class A (2007-7)

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

Class A (2007-8)

    14041NDY4    15-Sep-10    1,069,576.67    2.1391533400

Class A (2008-3)

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

Class A (2008-5)

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

Class A (2008-6)

    14041NEG2    15-Sep-10    573,308.33    1.1466166600

Class A (2009-2)

    14041NEJ6    15-Sep-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)

       15-Sep-10    —      0.0000000000
             

Total Class A

          29,168,770.00   

Class B (2003-5)

    14041NBA8    15-Sep-10    598,750.00    3.9916666667

Class B (2004-3)

    14041NBL4    15-Sep-10    125,742.50    0.8382833333

Class B (2004-7)

       15-Oct-10    —      0.0000000000

Class B (2005-1)

    14041NBX8    15-Sep-10    714,583.33    4.0833333143

Class B (2005-3)

    14041NCG4    15-Oct-10    —      0.0000000000

Class B (2006-1)

    14041NCT6    15-Sep-10    81,074.58    0.4632833143

Class B (2007-1)

    14041NDH1    15-Sep-10    159,232.50    0.4549500000

Class B (2009-C)

       15-Sep-10    1,470,846.04    2.5216166657
             

Total Class B

          3,150,228.95   

Class C (2003-3)

    14041NAV3    15-Sep-10    526,237.50    2.1049500000

Class C (2003-4)

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

Class C (2004-2)

    14041NBH3    15-Sep-10    110,495.00    1.1049500000

Class C (2004-3)

       15-Sep-10    5,879,081.25    15.9975000000

Class C (2006-1)

    14041NCW9    15-Sep-10    82,532.92    0.4716166857

Class C (2006-2)

    14041NCZ2    15-Sep-10    47,995.00    0.4799500000

Class C (2006-3)

    14041NDD0    15-Sep-10    62,077.08    0.4966166400

Class C (2007-1)

    14041NDJ7    15-Sep-10    188,985.00    0.6299500000

Class C (2007-2)

    14041NDK4    15-Sep-10    119,987.50    0.4799500000

Class C (2007-4)

    14041NEA5    15-Sep-10    474,232.50    1.3549500000

Class C (2009-A)

       15-Sep-10    165,251.75    2.3132832708
             

Total Class C

          8,906,875.50   

Total

          41,225,874.45   

 

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 (2003-5)

    14041NAX9    15-Sep-10    500,000,000.00    1,000.0000000000

Class A (2005-4)

    14041NCD1    15-Sep-10    300,000,000.00    1,000.0000000000

 

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    —      —      —      —      —      800,000,000.00    19,405,000,000.00

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    —      —      —      —      —      —      238,519,242.20
                                       

Total

    24,658,436,460.60    —      —      —      —      —      800,000,000.00    23,850,355,122.20

 

* 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.

 

8

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 (2003-5)

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

Class A (2005-4)

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

 

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)

    0.566 %    —      235,808.33    —      235,808.33    (235,808.33 )    —      0.00

Class A (2004-1)

    0.486 %    —      202,475.00    —      202,475.00    (202,475.00 )    —      0.00

Class A (2004-4)

    0.496 %    —      206,641.67    —      206,641.67    (206,641.67 )    —      0.00

Class A (2004-5)

    0.426 %    —      70,990.00    —      70,990.00    (70,990.00 )    —      0.00

Class A (2004-7)

    0.526 %    —      219,270.83    —      219,270.83    —        219,270.83    15.10

Class A (2004-8)

    0.406 %    —      169,141.67    —      169,141.67    (169,141.67 )    —      0.00

Class A (2005- 1)

    0.346 %    —      216,212.50    —      216,212.50    (216,212.50 )    —      0.00

Class A (2005- 4)

    0.276 %    —      68,985.00    —      68,985.00    (68,985.00 )    —      0.00

Class A (2005- 6)

    0.576 %    232,935.73    218,377.25    —      218,377.25    —        451,312.98    7.92

Class A (2005- 7)

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

Class A (2005- 9)

    0.366 %    —      99,108.75    —      99,108.75    (99,108.75 )    —      0.00

Class A (2005-10)

    0.356 %    —      148,308.33    —      148,308.33    (148,308.33 )    —      0.00

Class A (2005-11)

    0.316 %    —      131,641.67    —      131,641.67    (131,641.67 )    —      0.00

Class A (2006- 1)

    0.311 %    —      129,558.33    —      129,558.33    (129,558.33 )    —      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)

    0.316 %    —      263,283.33    —      263,283.33    (263,283.33 )    —      0.00

Class A (2006- 5)

    0.336 %    —      139,975.00    —      139,975.00    (139,975.00 )    —      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)

    0.306 %    —      254,950.00    —      254,950.00    (254,950.00 )    —      0.00

Class A (2006- 8)

    0.306 %    —      76,485.00    —      76,485.00    (76,485.00 )    —      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)

    0.366 %    —      228,712.50    —      228,712.50    (228,712.50 )    —      0.00

Class A (2006-12)

    0.336 %    —      139,975.00    —      139,975.00    (139,975.00 )    —      0.00

Class A (2006-14)

    0.286 %    —      119,141.67    —      119,141.67    (119,141.67 )    —      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)

    0.326 %    —      169,760.42    —      169,760.42    (169,760.42 )    —      0.00

Class A (2007- 2)

    0.356 %    —      207,631.67    —      207,631.67    (207,631.67 )    —      0.00

Class A (2007- 4)

    0.306 %    —      191,212.50    —      191,212.50    (191,212.50 )    —      0.00

Class A (2007- A)

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

Class A (2007-5)

    0.316 %    —      157,970.00    —      157,970.00    (157,970.00 )    —      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 %    720,801.67    348,775.00    —      348,775.00    (1,069,576.67 )    —      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)

    1.376 %    —      573,308.33    —      573,308.33    (573,308.33 )    —      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

      953,737.40    28,885,616.41    —      28,885,616.41    (29,168,770.00 )    670,583.81    36.21

Class B (2003-5)

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

Class B (2004-3)

    1.006 %    —      125,742.50    —      125,742.50    (125,742.50 )    —      0.00

Class B (2004-7)

    1.119 %    172,127.24    172,127.24    —      172,127.24    —        344,254.48    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    89,661.67    —      89,661.67    —        185,300.78    3.26

Class B (2006-1)

    0.556 %    —      81,074.58    —      81,074.58    (81,074.58 )    —      0.00

Class B (2007- 1)

    0.546 %    —      159,232.50    —      159,232.50    (159,232.50 )    —      0.00

Class B (2009-C)

    —        —      1,470,846.04    —      1,470,846.04    (1,470,846.04 )    —      0.00
                                     

Total Class B

      267,766.35    3,412,017.86    —      3,412,017.86    (3,150,228.95 )    529,555.26    9.10

Class C (2003-3)

    2.526 %    —      526,237.50    —      526,237.50    (526,237.50 )    —      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)

    1.326 %    —      110,495.00    —      110,495.00    (110,495.00 )    —      0.00

Class C (2004-3)

    6.399 %    3,919,387.50    1,959,693.75    —      1,959,693.75    (5,879,081.25 )    —      194.82

Class C (2006-1)

    0.566 %    —      82,532.92    —      82,532.92    (82,532.92 )    —      0.00

Class C (2006-2)

    0.576 %    —      47,995.00    —      47,995.00    (47,995.00 )    —      0.00

Class C (2006-3)

    0.596 %    —      62,077.08    —      62,077.08    (62,077.08 )    —      0.00

Class C (2007-1)

    0.756 %    —      188,985.00    —      188,985.00    (188,985.00 )    —      0.00

Class C (2007-2)

    0.576 %    —      119,987.50    —      119,987.50    (119,987.50 )    —      0.00

Class C (2007-4)

    1.626 %    —      474,232.50    —      474,232.50    (474,232.50 )    —      0.00

Class C (2009-A)

    —        —      165,251.75    —      165,251.75    (165,251.75 )    —      0.00
                                     

Total Class C

      3,919,387.50    4,987,488.00    —      4,987,488.00    (8,906,875.50 )    —      194.82

Total

      5,140,891.25    37,285,122.27    —      37,285,122.27    (41,225,874.45 )    1,200,139.07    240.13

 

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		    Withdrawls 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		    Withdrawls from
Class D Reserve
sub-Account
Balance		    Ending Class  D
Reserve
sub-Account
Balance		    Class D Reserve
sub-Account
Earnings

Class D (2002-1)

    61,646,091.15    0.00    0.00    61,646,091.15    0.00    8,691.27

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)

                  

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)

                  

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

    1,714,612,216.50    1,714,612,216.50    2,026,128,443.50    2,026,128,443.50    233,810,845.00    233,810,845.00

Class B (2003-5)

          163,643,004.97    163,643,004.97    18,909,772.95    18,909,772.95

Class B (2004-3)

          163,643,004.97    163,643,004.97    18,909,772.95    18,909,772.95

Class B (2004-7)

          201,395,446.22    201,395,446.22    23,272,257.57    23,272,257.57

Class B (2005-1)

          190,916,839.13    190,916,839.13    22,061,401.78    22,061,401.78

Class B (2005-3)

          109,095,336.65    109,095,336.65    12,606,515.30    12,606,515.30

Class B (2006-1)

          190,916,839.13    190,916,839.13    22,061,401.78    22,061,401.78

Class B (2007-1)

          381,833,678.25    381,833,678.25    44,122,803.56    44,122,803.56

Class B (2009-C)

          636,347,491.14    636,347,491.14    73,533,155.79    73,533,155.79
                         

Total Class B

          2,037,791,640.46    2,037,791,640.46    235,477,081.68    235,477,081.68

Class C (2003-3)

                25,494,417.14    25,494,417.14

Class C (2003-4)

                25,494,417.14    25,494,417.14

Class C (2004-2)

                10,197,766.85    10,197,766.85

Class C (2004-3)

                37,476,793.19    37,476,793.19

Class C (2006-1)

                17,846,092.00    17,846,092.00

Class C (2006-2)

                10,197,766.85    10,197,766.85

Class C (2006-3)

                12,747,208.57    12,747,208.57

Class C (2007-1)

                30,593,300.56    30,593,300.56

Class C (2007-2)

                25,494,417.14    25,494,417.14

Class C (2007-4)

                35,692,183.99    35,692,183.99

Class C (2009-A)

                7,284,878.77    7,284,878.77
                     

Total Class C

                238,519,242.20    238,519,242.20

 

* 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

    $ 154,126,258.83
      

Prior Month Excess Spread Amount

    $ 164,546,410.52
      

Two Months Prior Excess Spread Amount

    $ 143,227,955.96
      

Three Month Average Excess Spread Amount

    $ 153,966,875.10
      

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 10th day of September, 2010.

 

Capital One Bank (USA), National Association
as Administrator

By:

   /s/ Pam Koch

Name:

   Pam Koch

Title:

   Authorized Officer

Date:

   09/10/2010

 

16