EX-99.1 3 dex991.htm EXCESS SPREAD ANALYSIS Prepared by R.R. Donnelley Financial -- Excess Spread Analysis
Exhibit 99.1
 
Bank One Issuance Trust
Excess Spread Analysis
 
      
Aug-02
   
Jul-02
   
Jun-02
Yield
     
16.18%
   
16.35%
   
16.65%
Less:  Coupon
     
3.03%
   
3.06%
   
3.06%
            Servicing Fee
     
1.50%
   
1.50%
   
1.50%
            Net Credit Losses
     
5.40%
   
6.07%
   
5.74%
Excess Spread
     
6.25%
   
5.72%
   
6.35%
Three Month Average
                 
    Excess Spread
     
6.11%
   
4.02%
   
n/a
Delinquency:
                 
        30 to 59 days
     
1.41%
   
1.34%
   
1.28%
        60 to 89 days
     
0.91%
   
0.88%
   
0.88%
        90+ days
     
1.74%
   
1.72%
   
1.81%
        Total
     
4.06%
   
3.94%
   
3.97%
Payment Rate
     
13.87%
   
13.54%
   
13.47%