EX-28.1 3 dex281.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis

 

Exhibit 28.1

 

WACHOVIA CREDIT CARD MASTER TRUST

 

Excess Spread Analysis—April 2003

 

Series

   

 

1999-1

   

 

2000-1

Deal Size

   

$

896 MM

   

$

750 MM

Expected Maturity

   

 

04/15/04

   

 

07/15/05

Yield

   

 

14.62%

   

 

14.62%

Less: Coupon

   

 

1.54%

   

 

1.53%

Servicing Fee

   

 

1.50%

   

 

1.50%

Net Credit Losses

   

 

5.69%

   

 

5.69%

Excess Spread:

              

April-03

   

 

5.89%

   

 

5.90%

March-03

   

 

6.56%

   

 

6.58%

February-03

   

 

6.04%

   

 

6.05%

Three month Average Excess Spread

   

 

6.16%

   

 

6.18%

Delinquency:

              

30 to 59 days

   

 

1.02%

   

 

1.02%

60 to 89 days

   

 

0.69%

   

 

0.69%

90 + days

   

 

1.42%

   

 

1.42%

Total

   

 

3.13%

   

 

3.13%

Payment Rate

   

 

9.65%

   

 

9.65%