EX-99.1 3 dex991.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis
EXHIBIT 99.1
 
BANK ONE ISSUANCE TRUST
 
Excess Spread Analysis
 
      
Sep-02
     
Aug-02
     
Jul-02
Yield
     
16.54%
     
16.18%
     
16.35%
Less:  Coupon
     
3.13%
     
3.03%
     
3.06%
Servicing Fee
     
1.50%
     
1.50%
     
1.50%
Net Credit Losses
     
5.65%
     
5.40%
     
6.07%
Excess Spread
     
6.26%
     
6.25%
     
5.72%
                      
Three Month Average Excess Spread
     
6.08%
     
6.11%
     
1.91%
                      
Delinquency:
                     
30 to 59 days
     
1.52%
     
1.41%
     
1.34%
60 to 89 days
     
0.97%
     
0.91%
     
0.88%
90 + days
     
1.79%
     
1.74%
     
1.72%
Total
     
4.28%
     
4.06%
     
3.94%
                      
Payment Rate
     
13.48%
     
13.87%
     
13.54%