EX-28.1 3 dex281.htm EXCESS SPREAD ANALYSYS Excess Spread Analysys

Exhibit 28.1

 

WACHOVIA CREDIT CARD MASTER TRUST

 

Excess Spread Analysis—June 2003

 

Series

    1999-1    2000-1

Deal Size

    $896 MM    $750 MM

Expected Maturity

    04/15/04    07/15/05

Yield

    15.01%    15.01%

Less: Coupon

    1.36%    1.36%

Servicing Fee

    1.50%    1.50%

Net Credit Losses

    5.33%    5.33%

Excess Spread:

          

June-03

    6.82%    6.82%

May-03

    6.13%    6.14%

April-03

    5.89%    5.90%

Three month Average Excess Spread

    6.28%    6.29%

Delinquency:

          

30 to 59 days

    1.00%    1.00%

60 to 89 days

    0.69%    0.69%

90 + days

    1.43%    1.43%

Total

    3.12%    3.12%

Payment Rate

    9.89%    9.89%