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
 
    
Jul-02
   
Jun-02
   
May-02
Yield
   
16.35%
   
16.65%
   
17.00%
Less: Coupon
   
3.06%
   
3.06%
   
3.05%
Servicing Fee
   
1.50%
   
1.50%
   
1.50%
Net Credit Losses
   
6.07%
   
5.74%
   
6.21%
Excess Spread
   
5.72%
   
6.35%
   
6.24%
Three Month Average Excess Spread
   
6.10%
   
n/a
   
n/a
Delinquency:
               
30 to 59 days
   
1.34%
   
1.28%
   
1.28%
60 to 89 days
   
0.88%
   
0.88%
   
0.95%
90+ days
   
1.72%
   
1.81%
   
1.85%
Total
   
3.94%
   
3.97%
   
4.08%
Payment Rate
   
13.54%
   
13.47%
   
14.68%