EX-28.1 3 dex281.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis
 
Exhibit 28.1
 
WACHOVIA CREDIT CARD MASTER TRUST
 
Excess Spread Analysis—December 2002
 
Series
   
 
1999-1
   
 
2000-1
Deal Size
   
$
896 MM
   
$
750 MM
Expected Maturity
   
 
04/15/04
   
 
07/15/05
Yield
   
 
15.57%
   
 
15.57%
Less: Coupon
   
 
1.66%
   
 
1.64%
Servicing Fee
   
 
1.50%
   
 
1.50%
Net Credit Losses
   
 
5.77%
   
 
5.77%
Excess Spread:
              
December-02
   
 
6.64%
   
 
6.66%
November-02
   
 
6.16%
   
 
6.17%
October-02
   
 
5.92%
   
 
5.94%
Three month Average Excess Spread
   
 
6.24%
   
 
6.26%
Delinquency:
              
30 to 59 days
   
 
1.02%
   
 
1.02%
60 to 89 days
   
 
0.67%
   
 
0.67%
90 + days
   
 
1.36%
   
 
1.36%
Total
   
 
3.05%
   
 
3.05%
Payment Rate
   
 
9.95%
   
 
9.95%