EX-28.1 3 dex281.htm EXCESS SPREAD ANALYSIS Prepared by R.R. Donnelley Financial -- Excess Spread Analysis
EXHIBIT 28.1
 
WACHOVIA CREDIT CARD MASTER TRUST
 
Excess Spread Analysis—July 2002
 
Series
   
 
1999-1
 
     
 
2000-1
 
Deal Size
   
$
896 MM
 
     
$
750 MM
 
Expected Maturity
   
 
04/15/04
 
     
 
07/15/05
 
Yield
   
 
15.66
%
     
 
15.66
%
Less:    Coupon
   
 
2.14
%
     
 
2.13
%
Servicing Fee
   
 
1.50
%
     
 
1.50
%
Net Credit Losses
   
 
4.84
%
     
 
4.84
%
Excess Spread:
                    
July-02
   
 
7.18
%
     
 
7.19
%
June-02
   
 
7.88
%
     
 
7.89
%
May-02
   
 
6.48
%
     
 
6.50
%
Three month Average Excess Spread
   
 
7.18
%
     
 
7.19
%
Delinquency:
                    
30 to 59 days
   
 
0.93
%
     
 
0.93
%
60 to 89 days
   
 
0.58
%
     
 
0.58
%
90 + days
   
 
1.14
%
     
 
1.14
%
Total
   
 
2.65
%
     
 
2.65
%
Payment Rate
   
 
9.78
%
     
 
9.78
%