EX-99.3 5 dex993.htm ONESERIES MONTHLY NOTEHOLDERS' STATEMENT OneSeries Monthly Noteholders' Statement

Exhibit 99.3

 

BANK ONE ISSUANCE TRUST

ONEseries Monthly Noteholders’ Statement

 

Monthly Period: June 2003

 

The undersigned, a duly authorized representative of Bank One, Delaware, National Association (formerly First USA Bank, National Association) (the “Bank”), as Servicer pursuant to the Transfer and Servicing Agreement, dated as of May 1, 2002 (the “Transfer and Servicing Agreement”), among the Bank, as Transferor, Servicer and Administrator, Bank One Issuance Trust, as Issuer, and Wells Fargo Bank Minnesota, National Association, as Indenture Trustee and Collateral Agent, does hereby certify as follows:

 

A.   Information Regarding the Current Distribution to Noteholders

 

1.   The total amount of the distribution to Noteholders on the Payment Date per $1,000 Initial Outstanding Dollar Principal Amount

 

Tranche    Amount

Class A (2002-1)

    1.03917

Class A (2002-2)

    3.46667

Class A (2002-3)

    2.99167

Class A (2002-4)

    2.45000

Class A (2002-5)

    1.04722

Class A (2002-6)

    1.10361

Class A (2003-1)

    1.04722

Class A (2003-2)

    0.99083

Class A (2003-3)

    1.03917

Class A (2003-4)

    1.15194

Class A (2003-5)

    0.99083

Class A (2003-6)

    1.03917

Class B (2002-1)

    1.25667

Class B (2002-2)

    1.22444

Class B (2002-3)

    1.24056

Class B (2003-1)

    1.24861

Class C (2002-1)

    1.72389

Class C (2002-2)

    1.74806

Class C (2002-3)

    3.13333

Class C (2003-1)

    3.78333

Class C (2003-2)

    1.86889

Class C (2003-3)

    3.57750

Class C (2003-4)

    1.60313

 

2.   The amount of the distribution set forth in item 1 in respect of interest on the Notes, per $1,000 Initial Outstanding Dollar

Principal Amount

 

Tranche    Amount

Class A (2002-1)

    1.03917

Class A (2002-2)

    3.46667

Class A (2002-3)

    2.99167

Class A (2002-4)

    2.45000

Class A (2002-5)

    1.04722

Class A (2002-6)

    1.10361

Class A (2003-1)

    1.04722

Class A (2003-2)

    0.99083

Class A (2003-3)

    1.03917

Class A (2003-4)

    1.15194

Class A (2003-5)

    0.99083

Class A (2003-6)

    1.03917

Class B (2002-1)

    1.25667

Class B (2002-2)

    1.22444

Class B (2002-3)

    1.24056

Class B (2003-1)

    1.24861

Class C (2002-1)

    1.72389

Class C (2002-2)

    1.74806

Class C (2002-3)

    3.13333

Class C (2003-1)

    3.78333

Class C (2003-2)

    1.86889

Class C (2003-3)

    3.57750

Class C (2003-4)

    1.60313

3.   The amount of the distribution set forth in item 1 in respect of principal on the Notes, per $1,000 Initial Outstanding Dollar

Principal Amount

 

Tranche    Amount

Class A (2002-1)

    0.00000

Class A (2002-2)

    0.00000

Class A (2002-3)

    0.00000

Class A (2002-4)

    0.00000

Class A (2002-5)

    0.00000

Class A (2002-6)

    0.00000

Class A (2003-1)

    0.00000

Class A (2003-2)

    0.00000

Class A (2003-3)

    0.00000

Class A (2003-4)

    0.00000

Class A (2003-5)

    0.00000

Class A (2003-6)

    0.00000

Class B (2002-1)

    0.00000

Class B (2002-2)

    0.00000

Class B (2002-3)

    0.00000

Class B (2003-1)

    0.00000

Class C (2002-1)

    0.00000

Class C (2002-2)

    0.00000

Class C (2002-3)

    0.00000

Class C (2003-1)

    0.00000

Class C (2003-2)

    0.00000

Class C (2003-3)

    0.00000

Class C (2003-4)

    0.00000

 

B.   Information regarding the tranches of Notes of the ONEseries

 

1.   Outstanding Dollar Principal Amount and Nominal Liquidation Amount of Tranches of Notes of the ONEseries for the related Monthly Period

 

Tranche   

Initial Outstanding

Dollar Principal

Amount

   

Outstanding Dollar

Principal Amount

   

Adjusted Outstanding

Dollar Principal

Amount

   

Nominal Liquidation

Amount

Class A (2002-1)

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

Class A (2002-2)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2002-3)

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

Class A (2002-4)

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

Class A (2002-5)

    850,000,000.00    850,000,000.00    850,000,000.00    850,000,000.00

Class A (2002-6)

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

Class A (2003-1)

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

Class A (2003-2)

    1,500,000,000.00    1,500,000,000.00    1,500,000,000.00    1,500,000,000.00

Class A (2003-3)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2003-4)

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

Class A (2003-5)

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

Class A (2003-6)

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

Total Class A

    11,100,000,000.00    11,100,000,000.00    11,100,000,000.00    11,100,000,000.00

Class B (2002-1)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2002-2)

    275,000,000.00    275,000,000.00    275,000,000.00    275,000,000.00

Class B (2002-3)

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

Class B (2003-1)

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

Total Class B

    1,225,000,000.00    1,225,000,000.00    1,225,000,000.00    1,225,000,000.00

Class C (2002-1)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2002-2)

    225,000,000.00    225,000,000.00    225,000,000.00    225,000,000.00

Class C (2002-3)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2003-1)

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

Class C (2003-2)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2003-3)

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

Class C (2003-4)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00
    
  
  
  

Total Class C

    1,575,000,000.00    1,575,000,000.00    1,575,000,000.00    1,575,000,000.00

Total

    13,900,000,000.00    13,900,000,000.00    13,900,000,000.00    13,900,000,000.00

2.   Nominal Liquidation Amount of Notes of the ONEseries

 

Tranche   

Beginning

Nominal

Liquidation
Amount

   

Increases from

accretion of

Principal for

Discount

Notes

   

Increases from

amounts withdrawn

from the Principal

Funding 

Subaccounts in 

respect of

Prefunding Excess

Amounts

   

Reimbursements 

of prior Nominal

Liquidation

Amount Deficits
from Available
Finance Charge
Collections

   

Reductions due to

reallocations of

Available Principal

Collections and

Investor Charge-

Offs

   

Reductions due to

amounts deposited

to the Principal 

Funding

Subaccounts

   

Ending

Nominal

Liquidation

Amount

Class A (2002-1)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2002-2)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2002-3)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2002-4)

    750,000,000.00    0.00    0.00    0.00    0.00    0.00    750,000,000.00

Class A (2002-5)

    850,000,000.00    0.00    0.00    0.00    0.00    0.00    850,000,000.00

Class A (2002-6)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-1)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-2)

    1,500,000,000.00    0.00    0.00    0.00    0.00    0.00    1,500,000,000.00

Class A (2003-3)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2003-4)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-5)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-6)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00
    
  
  
  
  
  
  

Total Class A

    11,100,000,000.00    0.00    0.00    0.00    0.00    0.00    11,100,000,000.00

Class B (2002-1)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class B (2002-2)

    275,000,000.00    0.00    0.00    0.00    0.00    0.00    275,000,000.00

Class B (2002-3)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class B (2003-1)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00
    
  
  
  
  
  
  

Total Class B

    1,225,000,000.00    0.00    0.00    0.00    0.00    0.00    1,225,000,000.00

Class C (2002-1)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class C (2002-2)

    225,000,000.00    0.00    0.00    0.00    0.00    0.00    225,000,000.00

Class C (2002-3)

    175,000,000.00    0.00    0.00    0.00    0.00    0.00    175,000,000.00

Class C (2003-1)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00

Class C (2003-2)

    175,000,000.00    0.00    0.00    0.00    0.00    0.00    175,000,000.00

Class C (2003-3)

    400,000,000.00    0.00    0.00    0.00    0.00    0.00    400,000,000.00

Class C (2003-4)

    150,000,000.00    0.00    0.00    0.00    0.00    0.00    150,000,000.00
    
  
  
  
  
  
  

Total Class C

    1,575,000,000.00    0.00    0.00    0.00    0.00    0.00    1,575,000,000.00

Total

    13,900,000,000.00    0.00    0.00    0.00    0.00    0.00    13,900,000,000.00

 

3.   ONEseries Interest Funding Account Subaccounts

 

Tranche   Beginning
Interest
Funding
Subaccount
Balance		   Targeted
deposit tothe
Interest
Funding
Subaccount
with respect
to the current
period		   Previous
shortfalls of
targeted
deposits to
the Interest
Funding
Subaccount		   Actual deposit
to the Interest
Funding
Subaccount		   Amount
withdrawn
from the
Interest
Funding
Subaccount
for payment
to
Noteholders		     Other
Withdrawals		   Ending
Interest
Funding
Subaccount
Balance

Class A (2002-1)

   0.00   1,039,166.67   0.00   1,039,166.67   (1,039,166.67 )   0.00   0.00

Class A (2002-2)

   0.00   4,333,333.33   0.00   4,333,333.33   (4,333,333.33 )   0.00   0.00

Class A (2002-3)

   0.00   1,495,833.33   0.00   1,495,833.33   (1,495,833.33 )   0.00   0.00

Class A (2002-4)

   0.00   1,837,500.00   0.00   1,837,500.00   (1,837,500.00 )   0.00   0.00

Class A (2002-5)

   0.00   890,138.89   0.00   890,138.89   (890,138.89 )   0.00   0.00

Class A (2002-6)

   0.00   551,805.56   0.00   551,805.56   (551,805.56 )   0.00   0.00

Class A (2003-1)

   0.00   1,047,222.22   0.00   1,047,222.22   (1,047,222.22 )   0.00   0.00

Class A (2003-2)

   0.00   1,486,250.00   0.00   1,486,250.00   (1,486,250.00 )   0.00   0.00

Class A (2003-3)

   0.00   1,298,958.33   0.00   1,298,958.33   (1,298,958.33 )   0.00   0.00

Class A (2003-4)

   0.00   575,972.22   0.00   575,972.22   (575,972.22 )   0.00   0.00

Class A (2003-5)

   0.00   990,833.33   0.00   990,833.33   (990,833.33 )   0.00   0.00

Class A (2003-6)

   0.00   1,039,166.67   0.00   1,039,166.67   (1,039,166.67 )   0.00   0.00
   
 
 
 
 
 
 

Total Class A

   0.00   16,586,180.56   0.00   16,586,180.56   (16,586,180.56 )   0.00   0.00

Class B (2002-1)

   0.00   314,166.67   0.00   314,166.67   (314,166.67 )   0.00   0.00

Class B (2002-2)

   0.00   336,722.22   0.00   336,722.22   (336,722.22 )   0.00   0.00

Class B (2002-3)

   0.00   620,277.78   0.00   620,277.78   (620,277.78 )   0.00   0.00

Class B (2003-1)

   0.00   249,722.22   0.00   249,722.22   (249,722.22 )   0.00   0.00
   
 
 
 
 
 
 

Total Class B

   0.00   1,520,888.89   0.00   1,520,888.89   (1,520,888.89 )   0.00   0.00

Class C (2002-1)

   0.00   430,972.22   0.00   430,972.22   (430,972.22 )   0.00   0.00

Class C (2002-2)

   0.00   393,312.50   0.00   393,312.50   (393,312.50 )   0.00   0.00

Class C (2002-3)

   0.00   548,333.33   0.00   548,333.33   (548,333.33 )   0.00   0.00

Class C (2003-1)

   0.00   756,666.67   0.00   756,666.67   (756,666.67 )   0.00   0.00

Class C (2003-2)

   0.00   327,055.56   0.00   327,055.56   (327,055.56 )   0.00   0.00

Class C (2003-3)

   0.00   1,431,000.00   0.00   1,431,000.00   (1,431,000.00 )   0.00   0.00

Class C (2003-4)

   0.00   240,468.75   0.00   240,468.75   (240,468.75 )   0.00   0.00
   
 
 
 
 
 
 

Total Class C

   0.00   4,127,809.03   0.00   4,127,809.03   (4,127,809.03 )   0.00   0.00

Total

   0.00   22,234,878.47   0.00   22,234,878.47   (22,234,878.47 )   0.00   0.00

4.   ONEseries Principal Funding Account Subaccounts

 

Tranche   

Beginning

Principal
Funding

Subaccount
Balance

   

Targeted

deposit to
the

Principal

Funding
Subaccount
with respect

to the current

period

   

Previous

shortfalls of

targeted

deposits to

the Principal

Funding
Subaccount

   

Actual

deposit to the

Principal
Funding
Subaccount

   

Amount

withdrawn

from the

Principal
Funding

Subaccount
for payment

to
Noteholders

    Other
Withdrawals		   

Ending

Principal
Funding

Subaccount
Balance

Class A (2002-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-2)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-3)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-4)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-5)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-6)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-2)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-3)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-4)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-5)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-6)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class A

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-2)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-3)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2003-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class B

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-2)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-3)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-2)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-3)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-4)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class C

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Total

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

 

5.   ONEseries Class C Reserve Subaccounts

 

Tranche   

Beginning

Class C
Reserve

Subaccount
Balance

   

Class C
Reserve
Subaccount

earnings for

the current

period

   

Targeted

deposit to the

Class C

Reserve
Subaccount

   

Actual

deposit to the

Class C

Reserve
Subaccount,

including
Excess

Amounts

   

Amount

withdrawn in

respect of

payment of
interest or

principal to

Noteholders

   

Withdrawal

of Excess

Amounts

pursuant to
subsection

3.25(c) of 

the

Indenture

Supplement

   

Ending

Class C
Reserve

Subaccount
Balance

Class C (2002-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-2)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-3)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-1)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-2)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-3)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-4)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

 

6.   Class A Required Subordinated Amount of Class B and Class C Notes and Class A Usage of Class B and Class C Required Subordinated Amounts

 

Tranche   

Required
Subordinated

Amount of Class B

Notes as of the close

of business on the

related Note

Transfer Date

   

Required

Subordinated

Amount of Class C
Notes as of the close
of business on the

related Note

Transfer Date

   

Class A Usage

of Class B

Required
Subordinated

Amount for
the current

period

   

Class A Usage

of Class C

Required
Subordinated

Amount for

the current

period

   

Cumulative

Class A

Usage of

Class B

Required
Subordinated

Amount

   

Cumulative

Class A

Usage of

Class C

Required
Subordinated

Amount

Class A (2002-1)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2002-2)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2002-3)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2002-4)

    63,596,475.00    63,596,475.00    0.00    0.00    0.00    0.00

Class A (2002-5)

    72,076,005.00    72,076,005.00    0.00    0.00    0.00    0.00

Class A (2002-6)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-1)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-2)

    127,192,950.00    127,192,950.00    0.00    0.00    0.00    0.00

Class A (2003-3)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2003-4)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-5)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-6)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  

Total

    941,227,830.00    941,227,830.00    0.00    0.00    0.00    0.00

7.   Class B Required Subordinated Amount of Class C Notes and Class B Usage of Class C Required Subordinated Amounts

 

Tranche   

Required Subordinated
Amount of Class C
Notes as of the close
of business on the
related Note

Transfer Date

   

Class B Usage of

Class C Required

Subordinated Amount

for the current period

   

Cumulative Class B

Usage of Class C
Required
Subordinated

Amount

Class B (2002-1)

    196,614,179.10    0.00    0.00

Class B (2002-2)

    216,275,597.01    0.00    0.00

Class B (2002-3)

    393,228,358.20    0.00    0.00

Class B (2003-1)

    157,291,343.28    0.00    0.00
    
  
  

Total

    963,409,477.59    0.00    0.00

 

C.    Information regarding the performance of the ONEseries

 

     June Monthly Period
     May Monthly Period
     April Monthly Period
  

Portfolio Yield

    10.77 %   9.96 %   10.43 %

Less: Base Rate

    3.47 %   3.59 %   3.61 %
    
 
 

Excess Spread

    7.30 %   6.37 %   6.82 %

Three Month Average Excess Spread

    6.83 %            

Principal Payment Rate

    18.34 %            

 

BANK ONE, DELAWARE, National Association as

Servicer

By:

  

  /s/  MICHAEL J. GRUBB

   

    Michael J. Grubb

   

    First Vice President