-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KtEZMGJ2p8LUQTBQaIv+hFiCLzj6Jw3vFIuMag3h5C8OobU8sFQKK6sENvx2t8qz APu9Ko/pH17O9KQBkqkuhA== 0001021408-02-009451.txt : 20020715 0001021408-02-009451.hdr.sgml : 20020715 20020715131744 ACCESSION NUMBER: 0001021408-02-009451 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20020715 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANC ONE CREDIT CARD MASTER TRUST CENTRAL INDEX KEY: 0000930459 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 760039224 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25636 FILM NUMBER: 02702683 BUSINESS ADDRESS: STREET 1: 201 NORTH WALNUT STREET STREET 2: 16TH FLOOR CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3025944117 MAIL ADDRESS: STREET 1: PO BOX 650370 STREET 2: 16TH FLOOR CITY: DALLAS STATE: TX ZIP: 75265-0370 FORMER COMPANY: FORMER CONFORMED NAME: BANC ONE CREDIT CARD MASTER TRUST / DATE OF NAME CHANGE: 19981103 FORMER COMPANY: FORMER CONFORMED NAME: FIRST USA BANK NA AS SERV ON BEHALF OF BC ONE CR CRD MSTR TR DATE OF NAME CHANGE: 19981103 8-K 1 d8k.txt FORM 8-K FOR BANC ONE CREDIT CARD MASTER TRUST SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 15, 2002 ------------- FIRST USA BANK, NATIONAL ASSOCIATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) (As Servicer on behalf of BANC ONE CREDIT CARD MASTER TRUST) United States --------------- (State or other jurisdiction of incorporation) 0-25636 51-0269396 ------- ---------- (Commission File Number) (IRS Employer Identification Number) 201 North Walnut Street, Wilmington, Delaware 19801 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (302) 594-4000 - ----------------------------------------------------- Registrant's telephone number, including area code Item 5. Other Events On July 15, 2002, the Banc One Credit Card Master Trust (the "Trust") made a regular monthly distribution of principal and/or interest to holders of the following Certificates issued by the Trust, each of which is included in Group One and is a Principal Sharing Series: Floating Rate Class A Asset Backed Certificates, Series 1996-A Floating Rate Class B Asset Backed Certificates, Series 1996-A Item 7. Financial Statements and Exhibits (c) Exhibits. See page 4 for Exhibit Index. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. First USA Bank, National Association, as Servicer, on behalf of BANC ONE CREDIT CARD MASTER TRUST By: /s/ Michael J. Grubb ---------------------------------- Name: Michael J. Grubb Title: First Vice President Date: July 15, 2002 ------------- EXHIBIT INDEX
Exhibit Description Page - ------- ----------- ---- 99.1 Excess Spread Analysis 5 99.2 The Trust Allocation Report for the Monthly Period ending June 30, 2002. 6 99.3 Banc One Credit Card Master Trust - Summary Report for Series 1996-A 7-8 99.4 Monthly Servicer's Certificate 9
EX-99.1 3 dex991.txt EXCESS SPREAD ANALYSIS Exhibit 99.1 Banc One Credit Card Master Trust Excess Spread Analysis - June 2002 - ---------------------------------------------- Series 1996-A Deal Size $500 MM Expected Maturity 4/15/03 - ---------------------------------------------- Yield 20.65% Less Coupon 1.94% Servicing Fee 1.48% Net Credit Losses 6.61% Excess Spread: June-02 10.62% May-02 9.27% April-02 8.69% Three Month Average Excess Spread 9.53% Delinquency: 30 to 59 Days 1.67% 60 to 89 Days 1.12% 90+ Days 2.12% Total 4.91% Payment Rate 12.36% - ---------------------------------------------- EX-99.2 4 dex992.txt THE TRUST ALLOCATION REPORT Exhibit 99.2 Banc One Credit Card Master Trust Trust Allocation Report Distribution Date of: 15-Jul-02 Determined as of: 09-Jul-02 For Monthly Period Ending: 30-Jun-02 Days in Interest Period (30/360) 30 Days in Interest Period (Act/360) 28 Ending Pool Balance - ------------------- Principal 3,176,064,914.39 Finance Charge 97,963,339.19 ------------- Total 3,274,028,253.58 Seller's Interest Test - ---------------------- Ending Portfolio Principal Balance 3,176,064,914.39 Trust EFA 0.00 ---- Receivables + EFA 3,176,064,914.39 Trust Invested Amount 2,700,000,000.00 Trust PFA 46,500,000.00 ------------- Trust Adjusted Invested Amount 2,653,500,000.00 Seller's Participation Amount (with EFA) 522,564,914.39 Seller's Participation Amount (w/o EFA) 522,564,914.39 Seller's Interest Percentage 16.45% Required Seller's Interest Percentage 5.00% Required Seller's Interest 158,803,245.72 Required Principal Balance Test - ------------------------------- Ending Portfolio Principal Balance 3,176,064,914.39 Required Principal Balance 2,700,000,000.00 ---------------- Net Excess/Deficit 476,064,914.39 EFA - --- Beginning Excess Funding Account Balance 0.00 Required Excess Funding Account Deposit 0.00 Excess Funding Account Withdrawal 0.00 Shared Principal Collections - ---------------------------- Series 1996-A 10,177,487.31 Series 1997-1 192,703,456.91 Series 1997-2 56,677,487.36 Delinquent Accounts - ------------------- 30 - 59 days 1.67% 54,583,038.14 60 - 89 days 1.12% 36,754,844.14 90 days + 2.12% 69,497,067.85 Total 30 days + 4.91% 160,834,950.13 Miscellaneous - ------------- Gross Credit Losses 7.16% 18,934,327.00 Net Credit Losses 6.61% 17,493,715.92 Discount Option Receivables 0.00 Discount Percentage 0.00% Finance Charges Billed 40,661,412.52 Fees Billed 5,676,883.19 Interchange 7,786,343.00 Interest Earned on Collection Account 2,681.86 EX-99.3 5 dex993.txt SUMMARY REPORT FOR SERIES 1996-A Exhibit 99.3 BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT Series 1996-A Distribution Date of: 15-Jul-02 Determined as of: 09-Jul-02 For the Monthly Period Ending: 30-Jun-02 Days in Interest Period (30/360) 30 Days in Interest Period (Actual/360) 28
Beginning Ending Change --------- ------ ------ Pool Balance (Principal) 3,173,477,293.32 3,176,064,914.39 2,587,621.07 Excess Funding Account 0.00 0.00 0.00 Invested Amount 500,000,000.00 500,000,000.00 0.00 Class A Invested Amount 465,000,000.00 465,000,000.00 0.00 Class B Invested Amount 35,000,000.00 35,000,000.00 0.00 Principal Funding Account 46,500,000.00 93,000,000.00 46,500,000.00 Adjusted Invested Amount 453,500,000.00 407,000,000.00 (46,500,000.00) Class A Adjusted Invested Amount 418,500,000.00 372,000,000.00 (46,500,000.00) Class B Adjusted Invested Amount 35,000,000.00 35,000,000.00 0.00 Enhancement Invested Amount 0.00 0.00 0.00 Reserve Account 1,250,000.00 1,250,000.00 0.00 Available Cash Collateral Amount 45,350,000.00 40,700,000.00 (4,650,000.00) Available Shared Collateral Amount 45,350,000.00 40,700,000.00 (4,650,000.00) Spread Account 5,000,000.00 5,000,000.00 0.00 Servicing Base Amount 453,500,000.00 407,000,000.00 (46,500,000.00) Allocation Percentages - ---------------------- Floating Allocation Pct 15.76% Principal Allocation Pct 15.76% Class A Floating Pct 93.00% Class B Floating Pct 7.00% Class A Principal Pct 93.00% Class B Principal Pct 7.00% Series Allocations Trust 1996-A Class A Class B - ----------- ---------------------------------------------------------------------------------- Principal Collections 342,235,722.22 53,921,249.54 50,146,762.08 3,774,487.46 Finance Charge Collections 49,994,385.20 7,876,909.24 7,325,525.60 551,383.64 PFA Investment Proceeds N/A 31,336.97 31,336.97 0.00 Reserve Account Draw N/A 43,166.36 43,166.36 0.00 Less: Servicer Interchange 520,833.33 484,375.00 36,458.33 ------------- ------------- ------------- Available Funds 7,430,579.24 6,915,653.93 514,925.31 Monthly Investor Obligations - ---------------------------- Monthly Interest 804,513.89 745,033.33 59,480.56 Monthly Servicing Fee 94,479.17 87,865.63 6,613.54 Defaulted Amounts 17,493,715.92 2,756,237.77 2,563,301.12 192,936.65 ------------- ------------- ------------- Total Obligations 3,655,230.83 3,396,200.08 259,030.75 Excess Spread 3,968,285.06 3,519,453.85 448,831.21 Required Amount 0.00 0.00 0.00 1 Mo. Libor Rate 1.840000% - ---------------- Cash Collateral Account - ----------------------- Cash Collateral Fee 22,045.14 Interest on CCA Draw 0.00 ------------- Monthly Cash Collateral Fee 22,045.14
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT Series 1996-A Cash Collateral Account (continued) - ----------------------------------- Quarterly Excess Spread Percentage 8.24% Principal Payment Rate - 3 month average 10.91% Calculated Current Month's Spread Account Cap 1.00% Spread Account Cap Adjustment 0.00% Applicable Spread Account Cap Percentage 1.00% Beginning Cash Collateral Amount 45,350,000.00 Required Cash Collateral Amount 40,700,000.00 Cash Collateral Account draw 0.00 Cash Collateral Account Surplus 4,650,000.00 Beginning Spread Account Balance 5,000,000.00 Required Spread Account Amount 5,000,000.00 Required Spread Account Draw 0.00 Required Spread Account Deposit 0.00 Spread Account Surplus 0.00 Monthly Principal & Controlled Deposit Amount - --------------------------------------------- Month of Accumulation 2 Controlled Accumulation Amount 46,500,000.00 Required PFA Balance 93,000,000.00 Beginning PFA Balance 46,500,000.00 Controlled Deposit Amount 46,500,000.00 Available Investor Principal Collections 56,677,487.31 Principal Shortfall 0.00 Shared Principal to Other Series 10,177,487.31 Shared Principal from Other Series 0.00 Class A Monthly Principal 46,500,000.00 Class B Monthly Principal 0.00 Monthly Principal 46,500,000.00 PFA Deposit 46,500,000.00 PFA Withdrawl 0.00 Ending PFA Balance 93,000,000.00 Principal to Investors 0.00 Ending Class A Invested Amount 465,000,000.00 Ending Class B Invested Amount 35,000,000.00 Class A Accumulation Period Length - ---------------------------------- Min 12 Month Historical Prin Pmt Rate 10.13% Revolving Investor Interest 500,000,000.00 Class A Invested Amount 465,000,000.00 Available Principal 50,630,256.34 Class A Accumulation Period Length 10 Reserve Account - --------------- Available Reserve Account Amount 1,250,000.00 Covered Amount 74,503.33 Reserve Draw Amount 43,166.36 Portfolio Yield 14.03% Reserve Account Factor 83.33% Portfolio Adjusted Yield 8.98% Reserve Account Funding Period Length 3 Reserve Account Funding Date 15-Mar-02 Weighted Average Coupon 1.93% Required Reserve Account Amount 1,250,000.00 Reserve Account Surplus 0.00 Required Reserve Account Deposit 43,166.36 Portfolio Yield - 3 month average 13.12% Base Rate - 3 month average 4.04% (Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 9.08%
* Note: For purposes of reporting balances, beginning refers to the balances as of the distribution date in the current Monthly Period, and ending refers to the balances as of the upcoming Distribution Date. The Floating Allocation Percentage is based on the Adjusted Invested Amount as of the last day of the Monthly Period preceding the current Monthly Period. EX-99.4 6 dex994.txt MONTHLY SERVICER'S CERTIFICATE Exhibit 99.4 MONTHLY SERVICER'S CERTIFICATE FIRST USA BANK, NATIONAL ASSOCIATION BANC ONE CREDIT CARD MASTER TRUST SERIES 1996-A The undersigned, a duly authorized representative of First USA Bank, National Association, as Servicer ("First USA"), pursuant to the Pooling and Servicing Agreement dated as of November 1, 1994 (as amended and supplemented, the "Agreement"), as supplemented by the Series 1996-A Supplement dated as of March 27, 1996 (as amended and supplemented, the"Series Supplement"), between First USA, as Seller and Servicer, and Bankers Trust Company, as Trustee, does hereby certify as follows: 1. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or Series Supplement, as applicable. 2. First USA is, as of the date hereof, the Servicer under the Agreement. 3. The undersigned is a Servicing Officer. 4. This Certificate relates to the Distribution Date occuring on 15-Jul-02. --------- 5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the Agreement through the Monthly Period preceding such Distribution Date. 6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event has been deemed to have occurred on or prior to such Distribution Date. 7. As of the date hereof, to the best knowledge of the undersigned, no Lien has been placed on any of the Receivables other than pursuant to the Agreement. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 9th day of Jul-02. --- ------ FIRST USA BANK, National Association as Servicer By: /s/ Michael J. Grubb ----------------------------------------- Michael J. Grubb First Vice President -----END PRIVACY-ENHANCED MESSAGE-----