EX-28.1 3 dex281.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis
EXHIBIT 28.1
 
WACHOVIA CREDIT CARD MASTER TRUST
 
Excess Spread Analysis—September 2002
 
Series
     
 
1999-1
 
     
 
2000-1
 
Deal Size
     
$
896 MM
 
     
$
750 MM
 
Expected Maturity
     
 
04/15/04
 
     
 
07/15/05
 
Yield
     
 
15.15
%
     
 
15.15
%
Less: Coupon
     
 
1.99
%
     
 
1.97
%
Servicing Fee
     
 
1.50
%
     
 
1.50
%
Net Credit Losses
     
 
5.01
%
     
 
5.01
%
Excess Spread:
                      
September-02
     
 
6.65
%
     
 
6.67
%
August-02
     
 
7.04
%
     
 
7.05
%
July-02
     
 
7.18
%
     
 
7.19
%
Three month Average Excess Spread
     
 
6.96
%
     
 
6.97
%
Delinquency:
                      
30 to 59 days
     
 
1.07
%
     
 
1.07
%
60 to 89 days
     
 
0.67
%
     
 
0.67
%
90 + days
     
 
1.25
%
     
 
1.25
%
Total
     
 
2.99
%
     
 
2.99
%
Payment Rate
     
 
9.66
%
     
 
9.66
%