EX-28.1 3 dex281.htm EXCESS SPREAD SHEET Excess Spread Sheet

Exhibit 28.1

 

WACHOVIA CREDIT CARD MASTER TRUST

 

Excess Spread Analysis—September 2003

 

Series

      1999-1      2000-1

Deal Size

    $ 896 MM    $ 750 MM

Expected Maturity

      04/15/04      07/15/05

Yield

      16.39%      16.08%

Less: Coupon

      1.34%      1.34%

Servicing Fee

      1.31%      1.50%

Net Credit Losses

      6.18%      6.12%

Excess Spread:

              

September-03

      7.56%      7.12%

August-03

      7.22%      7.23%

July-03

      6.85%      6.86%

Three month Average Excess Spread

      7.21%      7.07%

Delinquency:

              

30 to 59 days

      1.04%      1.04%

60 to 89 days

      0.72%      0.72%

90 + days

      1.50%      1.50%

Total

      3.26%      3.26%

Payment Rate

      9.83%      9.83%