EX-99.2 3 d502190dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 03/12/2013

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: February 28, 2013

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 March 14, 2013 and with respect to the performance of the Trust during the related Monthly Period from February 1, 2013 through February 28, 2013. Current Distribution Date is March 15, 2013.

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 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 (2004-1)

    14041NBG5      15-Mar-13         159,911.11         0.3198222200   

Class A (2004-4)

    14041NBN0      15-Mar-13         163,800.00         0.3276000000   

Class A (2005-9)

    14041NCK5      15-Mar-13         73,608.89         0.2264888923   

Class A (2006-1)

    14041NCN9      15-Mar-13         91,855.56         0.1837111200   

Class A (2006-3)

    14041NCQ2      15-Mar-13         1,683,333.33         4.2083333250   

Class A (2006-5)

    14041NCS8      15-Mar-13         101,577.78         0.2031555600   

Class A (2006-8)

    14041NCX7      15-Mar-13         53,946.67         0.1798222333   

Class A (2006-11)

    14041NDB4      15-Mar-13         169,866.67         0.2264888933   

Class A (2006-12)

    14041NDC2      15-Mar-13         101,577.78         0.2031555600   

Class A (2007-1)

    14041NDG3      15-Mar-13         122,111.11         0.1953777760   

Class A (2007-2)

    14041NDL2      15-Mar-13         153,097.78         0.2187111143   

Class A (2007-A)

    U13554AD9      15-Mar-13         866,666.67         4.3333333500   

Class A (2007-5)

    14041NDT5      15-Mar-13         112,560.00         0.1876000000   

Class A (2007-7)

    14041NDX6      15-Mar-13         4,791,666.67         4.7916666700   

Class A (2008-3)

    14041N ED9      15-Mar-13         2,525,000.00         4.2083333333   

Class A (2013-1)

    14041NEK3      15-Mar-13         577,500.00         0.7700000000   
        

 

 

     

Total Class A

            11,748,080.02      

Class B (2004-3)

    14041NBL4      15-Mar-13         108,640.00         0.7242666667   

Class B (2004-7)

         15-Apr-13         —           0.0000000000   

Class B (2005-1)

    14041NBX8      15-Mar-13         714,583.33         4.0833333143   

Class B (2005-3)

    14041NCG4      15-Apr-13         —           0.0000000000   

Class B (2006-1)

    14041NCT6      15-Mar-13         65,496.67         0.3742666857   

Class B (2007-1)

    14041NDH1      15-Mar-13         128,271.11         0.3664888857   

Class B (2009-C)

         15-Mar-13         —           0.0000000000   
        

 

 

     

Total Class B

            1,016,991.11      

Class C (2003-3)

    14041NAV3      15-Mar-13         476,622.22         1.9064888800   

Class C (2004-2)

    14041NBH3      15-Mar-13         97,315.56         0.9731556000   

Class C (2004-3)

         15-Mar-13         5,879,081.25         15.9975000000   

Class C (2007-1)

    14041NDJ7      15-Mar-13         158,946.67         0.5298222333   

Class C (2009-A)

         15-Mar-13         —           0.0000000000   
        

 

 

     

Total Class C

            6,611,965.70      

Total

            19,377,036.83      

 

3

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 (2006-1)

    14041NCN9    15-Mar-13      500,000,000.00         1,000.0000000000   

Class A (2006-5)

    14041NCS8    15-Mar-13      500,000,000.00         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 (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 (2005-9)

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

Class A (2006-1)

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

Class A (2006-3)

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

Class A (2006-5)

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

Class A (2006-8)

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

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 (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-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   

Class A (2008-3)

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

Class A (2013-1)

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

 

 

     

 

 

     

 

 

     

 

 

  

Total Class A

      8,750,000,000.00         8,750,000,000.00         8,750,000,000.00         8,750,000,000.00   

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)

      —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class B

      1,134,605,000.00         1,134,605,000.00         1,134,605,000.00         1,134,605,000.00   

Class C (2003-3)

      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 (2007-1)

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

Class C (2009-A)

      —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Class C

      1,017,500,000.00         1,017,500,000.00         1,017,500,000.00         1,017,500,000.00   

Class D (2002-1)

         110,129,487.67         110,129,487.67         110,129,487.67   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

      10,902,105,000.00         11,012,234,487.67         11,012,234,487.67         11,012,234,487.67   

 

5

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 (2004-1)

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

Class A (2004-4)

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

Class A (2005-9)

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

Class A (2006-1)

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

Class A (2006-3)

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

Class A (2006-5)

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

Class A (2006-8)

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

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 (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-A)

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

Class A (2007-5)

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

Class A (2007-7)

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

Class A (2008-3)

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

Class A (2013-1)

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

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class A

     8,750,000,000.00        —          —          —          —          —          1,000,000,000.00        7,750,000,000.00   

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)

     —          —          —          —          —          —          —          —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class B

     1,134,605,000.00        —          —          —          —          —          —          1,134,605,000.00   

Class C (2003-3)

     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 (2007-1)

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

Class C (2009-A)

     —          —          —          —          —          —          —          —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class C

     1,017,500,000.00        —          —          —          —          —          —          1,017,500,000.00   

 

6

    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 D (2002-1)

     110,129,487.67        —          —          —          —          —          —          100,027,814.68   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

     11,012,234,487.67        —          —          —          —          —          1,000,000,000.00        10,002,132,814.68   

 

* 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 (2006-1)

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

Class A (2006-5)

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

 

7

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 (2004-1)

     0.411 %      —          159,911.11        —          159,911.11        (159,911.11 )      —          0.00   

Class A (2004-4)

     0.421 %      —          163,800.00        —          163,800.00        (163,800.00 )      —          0.00   

Class A (2005-9)

     0.291 %      —          73,608.89        —          73,608.89        (73,608.89 )      —          0.00   

Class A (2006-1)

     0.236 %      —          91,855.56        —          91,855.56        (91,855.56 )      —          0.00   

Class A (2006-3)

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

Class A (2006-5)

     0.261 %      —          101,577.78        —          101,577.78        (101,577.78 )      —          0.00   

Class A (2006-8)

     0.231 %      —          53,946.67        —          53,946.67        (53,946.67 )      —          0.00   

Class A (2006-11)

     0.291 %      —          169,866.67        —          169,866.67        (169,866.67 )      —          0.00   

Class A (2006-12)

     0.261 %      —          101,577.78        —          101,577.78        (101,577.78 )      —          0.00   

Class A (2007-1)

     0.251 %      —          122,111.11        —          122,111.11        (122,111.11 )      —          0.00   

Class A (2007-2)

     0.281 %      —          153,097.78        —          153,097.78        (153,097.78 )      —          0.00   

Class A (2007-A)

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

Class A (2007-5)

     0.241 %      —          112,560.00        —          112,560.00        (112,560.00 )      —          0.00   

Class A (2007-7)

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

Class A (2008-3)

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

Class A (2013-1)

     0.630 %      —          577,500.00        —          577,500.00        (577,500.00 )      —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class A

       —          11,748,080.02        —          11,748,080.02        (11,748,080.02 )      —          —     

Class B (2004-3)

     0.931 %      —          108,640.00        —          108,640.00        (108,640.00 )      —          0.00   

Class B (2004-7)

     0.897 %      151,825.30        128,821.47        —          128,821.47        —          280,646.77        0.57   

Class B (2005-1)

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

Class B (2005-3)

     0.854 %      73,538.89        66,422.22        —          66,422.22        —          139,961.11        0.28   

Class B (2006-1)

     0.481 %      —          65,496.67        —          65,496.67        (65,496.67 )      —          0.00   

Class B (2007-1)

     0.471 %      —          128,271.11        —          128,271.11        (128,271.11 )      —          0.00   

Class B (2009-C)

     —          —          0.00        —          0.00        —          —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class B

       225,364.19        1,212,234.80        —          1,212,234.80        (1,016,991.11 )      420,607.88        0.85   

Class C (2003-3)

     2.451 %      —          476,622.22        —          476,622.22        (476,622.22 )      —          0.00   

Class C (2004-2)

     1.251 %      —          97,315.56        —          97,315.56        (97,315.56 )      —          0.00   

Class C (2004-3)

     6.399 %      3,919,387.50        1,959,693.75        —          1,959,693.75        (5,879,081.25 )      —          22.55   

Class C (2007-1)

     0.681 %      —          158,946.67        —          158,946.67        (158,946.67 )      —          0.00   

Class C (2009-A)

     —          —          0.00        —          0.00        —          —          0.00   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Class C

       3,919,387.50        2,692,578.20        —          2,692,578.20        (6,611,965.70 )      —          22.55   

Total

       4,144,751.69        15,652,893.02        —          15,652,893.02        (19,377,036.83 )      420,607.88        23.40   

 

8

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

NOTHING TO REPORT

                  

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

              

 

9

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

                  

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

      

 

10

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 (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 (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 (2006-1)

                  

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 (2006-5)

                  

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 (2006-11)

      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 (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-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 (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 (2013-1)

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

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Class A

      684,784,575.00         684,784,575.00         809,198,425.00         809,198,425.00         93,379,750.00         93,379,750.00   

Class B (2004-3)

            111,504,520.74         111,504,520.74         12,991,653.22         12,991,653.22   

Class B (2004-7)

            137,228,613.67         137,228,613.67         15,988,827.62         15,988,827.62   

Class B (2005-1)

            130,088,607.53         130,088,607.53         15,156,928.76         15,156,928.76   

Class B (2005-3)

            74,336,347.16         74,336,347.16         8,661,102.15         8,661,102.15   

Class B (2006-1)

            130,088,607.53         130,088,607.53         15,156,928.76         15,156,928.76   

Class B (2007-1)

            260,177,215.05         260,177,215.05         30,313,857.52         30,313,857.52   

Class B (2009-C)

                  
        

 

 

     

 

 

     

 

 

     

 

 

  

Total Class B

            843,423,911.68         843,423,911.68         98,269,298.03         98,269,298.03   

Class C (2003-3)

                  24,576,858.64         24,576,858.64   

Class C (2004-2)

                  9,830,743.46         9,830,743.46   

Class C (2004-3)

                  36,127,982.21         36,127,982.21   

Class C (2007-1)

                  29,492,230.37         29,492,230.37   

Class C (2009-A)

                  
              

 

 

     

 

 

  

Total Class C

                  100,027,814.68         100,027,814.68   

 

* 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.

 

11

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $  122,969,023.00   
  

 

 

  

Prior Month Excess Spread Amount

    $ 109,121,886.68   
  

 

 

  

Two Months Prior Excess Spread Amount

    $ 122,450,819.02   
  

 

 

  

Three Month Average Excess Spread Amount

    $ 118,180,576.23   
  

 

 

  

Is the average of the Excess Spread Amount for preceding three months greater than $0?

      YES   
  

 

 

  

O. Repurchase Demand Activity (Rule 15Ga-1)

Nothing to Report

Most Recent Form ABS - 15G

Filed by: Capital One Funding, LLC

CIK#: 00011633221

Date: May 14, 2012

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of March, 2013.

 

Capital One Bank (USA), National Association
as Administrator
By:     /s/ F. Aubrey Thacker
Name:     F. Aubrey Thacker
Title:     Authorized Officer
Date:     03/12/2013

 

12