EX-99.1 3 dex991.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis
Exhibit 99.1
 
Bank One Issuance Trust
Excess Spread Analysis
 
        
Oct-02
   
Sep-02
   
Aug-02
Yield
       
16.78%
   
16.54%
   
16.18%
Less:
  
Coupon
   
3.01%
   
3.13%
   
3.03%
   
Servicing Fee
   
1.50%
   
1.50%
   
1.50%
   
Net Credit Losses
   
5.72%
   
5.65%
   
5.40%
Excess Spread
   
6.55%
   
6.26%
   
6.25%
Three Month Average Excess Spread
   
6.35%
   
6.08%
   
6.11%
Delinquency:
               
   
30 to 59 days
   
1.49%
   
1.52%
   
1.41%
   
60 to 89 days
   
1.00%
   
0.97%
   
0.91%
   
90 + days
   
1.83%
   
1.79%
   
1.74%
   
Total
   
4.32%
   
4.28%
   
4.06%
Payment Rate
   
14.32%
   
13.48%
   
13.87%