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: August 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)

    1.05056

Class A (2002-2)

    3.46667

Class A (2002-3)

    2.99167

Class A (2002-4)

    2.45000

Class A (2002-5)

    1.05917

Class A (2002-6)

    1.11944

Class A (2003-1)

    1.05917

Class A (2003-2)

    0.99889

Class A (2003-3)

    1.05056

Class A (2003-4)

    1.17111

Class A (2003-5)

    0.99889

Class A (2003-6)

    1.05056

Class A (2003-7)

    2.79167

Class B (2002-1)

    1.28306

Class B (2002-2)

    1.24861

Class B (2002-3)

    1.26583

Class B (2003-1)

    1.27444

Class B (2003-2)

    1.15389

Class C (2002-1)

    1.78250

Class C (2002-2)

    1.80833

Class C (2002-3)

    3.13333

Class C (2003-1)

    3.78333

Class C (2003-2)

    1.93750

Class C (2003-3)

    3.97500

Class C (2003-4)

    1.84278

 

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)

    1.05056

Class A (2002-2)

    3.46667

Class A (2002-3)

    2.99167

Class A (2002-4)

    2.45000

Class A (2002-5)

    1.05917

Class A (2002-6)

    1.11944

Class A (2003-1)

    1.05917

Class A (2003-2)

    0.99889

Class A (2003-3)

    1.05056

Class A (2003-4)

    1.17111

Class A (2003-5)

    0.99889

Class A (2003-6)

    1.05056

Class A (2003-7)

    2.79167

Class B (2002-1)

    1.28306

Class B (2002-2)

    1.24861

Class B (2002-3)

    1.26583

Class B (2003-1)

    1.27444

Class B (2003-2)

    1.15389

Class C (2002-1)

    1.78250

Class C (2002-2)

    1.80833

Class C (2002-3)

    3.13333

Class C (2003-1)

    3.78333

Class C (2003-2)

    1.93750

Class C (2003-3)

    3.97500

Class C (2003-4)

    1.84278

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 A (2003-7)

    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 B (2003-2)

    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

Class A (2003-7)

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

Total Class A

    11,600,000,000.00    11,600,000,000.00    11,600,000,000.00    11,600,000,000.00

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

Class B (2003-2)

    125,000,000.00    125,000,000.00    125,000,000.00    125,000,000.00
    
  
  
  

Total Class B

    1,350,000,000.00    1,350,000,000.00    1,350,000,000.00    1,350,000,000.00

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

    14,525,000,000.00    14,525,000,000.00    14,525,000,000.00    14,525,000,000.00

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

Class A (2003-7)

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

Total Class A

    11,600,000,000.00    0.00    0.00    0.00    0.00    0.00    11,600,000,000.00

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

Class B (2003-2)

    125,000,000.00    0.00    0.00    0.00    0.00    0.00    125,000,000.00
    
  
  
  
  
  
  

Total Class B

    1,350,000,000.00    0.00    0.00    0.00    0.00    0.00    1,350,000,000.00

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

    14,525,000,000.00    0.00    0.00    0.00    0.00    0.00    14,525,000,000.00

 

3.   ONEseries Interest Funding Account Subaccounts

 

Tranche    Beginning
Interest
Funding
Subaccount
Balance		   

Targeted

deposit to the

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    1,050,555.56    0.00    1,050,555.56    (1,050,555.56 )   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    900,291.67    0.00    900,291.67    (900,291.67 )   0.00    0.00

Class A (2002-6)

    0.00    559,722.22    0.00    559,722.22    (559,722.22 )   0.00    0.00

Class A (2003-1)

    0.00    1,059,166.67    0.00    1,059,166.67    (1,059,166.67 )   0.00    0.00

Class A (2003-2)

    0.00    1,498,333.33    0.00    1,498,333.33    (1,498,333.33 )   0.00    0.00

Class A (2003-3)

    0.00    1,313,194.44    0.00    1,313,194.44    (1,313,194.44 )   0.00    0.00

Class A (2003-4)

    0.00    585,555.56    0.00    585,555.56    (585,555.56 )   0.00    0.00

Class A (2003-5)

    0.00    998,888.89    0.00    998,888.89    (998,888.89 )   0.00    0.00

Class A (2003-6)

    0.00    1,050,555.56    0.00    1,050,555.56    (1,050,555.56 )   0.00    0.00

Class A (2003-7)

    0.00    1,395,833.33    0.00    1,395,833.33    (1,395,833.33 )   0.00    0.00
    
  
  
  
  
 
  

Total Class A

    0.00    18,078,763.89    0.00    18,078,763.89    (18,078,763.89 )   0.00    0.00

Class B (2002-1)

    0.00    320,763.89    0.00    320,763.89    (320,763.89 )   0.00    0.00

Class B (2002-2)

    0.00    343,368.06    0.00    343,368.06    (343,368.06 )   0.00    0.00

Class B (2002-3)

    0.00    632,916.67    0.00    632,916.67    (632,916.67 )   0.00    0.00

Class B (2003-1)

    0.00    254,888.89    0.00    254,888.89    (254,888.89 )   0.00    0.00

Class B (2003-2)

    0.00    144,236.11    0.00    144,236.11    (144,236.11 )   0.00    0.00
    
  
  
  
  
 
  

Total Class B

    0.00    1,696,173.61    0.00    1,696,173.61    (1,696,173.61 )   0.00    0.00

Class C (2002-1)

    0.00    445,625.00    0.00    445,625.00    (445,625.00 )   0.00    0.00

Class C (2002-2)

    0.00    406,875.00    0.00    406,875.00    (406,875.00 )   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    339,062.50    0.00    339,062.50    (339,062.50 )   0.00    0.00

Class C (2003-3)

    0.00    1,590,000.00    0.00    1,590,000.00    (1,590,000.00 )   0.00    0.00

Class C (2003-4)

    0.00    276,416.67    0.00    276,416.67    (276,416.67 )   0.00    0.00
    
  
  
  
  
 
  

Total Class C

    0.00    4,362,979.17    0.00    4,362,979.17    (4,362,979.17 )   0.00    0.00

Total

    0.00    24,137,916.67    0.00    24,137,916.67    (24,137,916.67 )   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

Class A (2003-7)

    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

Class B (2003-2)

    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

Class A (2003-7)

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

Total

    983,625,480.00    983,625,480.00    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)

    187,456,280.32    0.00    0.00

Class B (2002-2)

    206,201,908.35    0.00    0.00

Class B (2002-3)

    374,912,560.65    0.00    0.00

Class B (2003-1)

    149,965,024.26    0.00    0.00

Class B (2003-2)

    93,728,140.16    0.00    0.00
    
  
  

Total

    1,012,263,913.74    0.00    0.00

 

C.   Information regarding the performance of the ONEseries

 

     August Monthly Period
     July Monthly Period
     June Monthly Period
  

Portfolio Yield

    10.80 %   10.18 %   10.77 %

Less: Base Rate

    3.46 %   3.46 %   3.47 %
    
 
 

Excess Spread

    7.34 %   6.72 %   7.30 %

Three Month Average Excess Spread

    7.12 %            

Principal Payment Rate

    19.55 %            

 

BANK ONE, DELAWARE, National Association

as Servicer

By:

  

  /s/    JEFFREY T. RIGG        

   

Jeffrey T. Rigg

Senior Vice President