8-K 1 doc1.txt UNITED STATES 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): August 15, 2003 --------------- Bank of America, National Association (USA) ------------------------------------------- (Exact name of registrant as specified in its charter) (Originator of the NationsBank Credit Card Master Trust) United States of America 33-69572 51-0313900 ------------------------- ----------- ---------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification Number) incorporation) 1825 East Buckeye Road Phoenix, Arizona 85034 (Address of principal executive offices) ---------------------------------------- (Registrant's telephone number, including area code): (704) 388-1254 -------------- Page 1 of 10 Item 5. Other Events ------------- The Registrant hereby incorporates by reference the information contained in Exhibit 99 hereto in response to this Item 5. Item 7. Financial Statement, Pro Forma Financial Statements and Exhibits ---------------------------------------------------------------- (c) Exhibits. 99A Monthly Certificateholder's Statement -- NationsBank Credit Card Master Trust $500,000,000 Class A 6.0% Asset Backed Certificates, Series 1993-2 99B Monthly Certificateholder's Statement -- NationsBank Credit Card Master Trust $31,915,000 Class B 6.25% Asset Backed Certificates, Series 1993-2 Page 2 of 10 SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned here unto duly authorized. Bank of America, National Association (USA) ------------------------------------------- (Registrant) Dated: August 15, 2003 ----------------- By: /s/ Brian P. Sterling ------------------------- Name: Brian P. Sterling Title: Vice President (Duly Authorized Officer) Page 3 of 10 INDEX TO EXHIBITS ------------------ Sequentially Exhibit Numbered Number Exhibit Page ------ ------- ------------ 99A Monthly Certificateholder's Statement -- Exhibit 99 NationsBank Credit Card Master Trust A & B $500,000,000 Class A 6.0% Asset Backed 5-10 Certificates, Series 1993-2 99B Monthly Certificateholder's Statement -- Exhibit 99 NationsBank Credit Card Master Trust A & B $31,915,000 Class B 6.25% Asset Backed 5-10 Certificates, Series 1993-2 Page 4 of 10

MONTHLY CERTIFICATEHOLDERS STATEMENT NATIONSBANK OF DELAWARE, N/A NATIONSBANK CREDIT CARD MASTER TRUST SERIES 1993-2 ------------- Pursuant to the Master Pooling and Servicing Agreement, dated as of December 1, 1993 (as amended or supplemented, the "Pooling and Servicing Agreement"), as supplemented by the Series 1993-2 Supplement, dated as of December 1, 1993 (the "Supplement" and, together with the Pooling and Servicing Agreement, the "Agreement"), each between NationsBank of Delaware, N.A. as Transferor and Servicer, and The Bank of New York, as Trustee, the Servicer is required to prepare certain information each month regarding distributions to Certificateholders and the performance of the Trust. The information with respect to the applicable Distribution Date and Due Period is set forth below. Due Period ~~Jun~~Jul-2003 Determination Date 08-~~Jul~~Aug-2003 Transfer Date 14-~~Jul~~Aug-2003 Distribution Date 15-~~Jul~~Aug-2003 Amortization Period? No Class A Accumulation Period? No Class B Accumulation Period? No Early Amortization Period? No A ~~. . .~~ Receivables for Due Period A(1). . Beginning Principal Receivables 2,~~186~~168,~~920~~281,~~584~~140.7433 Beginning Finance Charge Receivables (excluding Interchange) 1214,~~646~~957,~~309~~347.0951 Beginning Discount Receivables 0.00 ----------------- Beginning Receivables 2,~~199~~183,~~566~~238,~~893~~487.8384 A(2). . Removed Principal Receivables 0.00 Removed Finance Charge Receivables (excluding Interchange) 0.00 Removed Receivables 0.00 A(3). . Principal Receivables with respect to Additional Accounts 0.00 Finance Charge Receivables with respect to Additional Accounts (excluding Interchange) 0.00 ----------------- Receivables with respect to Additional Accounts 0.00 A(4). . Principal Receivables billed ~~478~~477,~~822~~725,~~920~~343.7924 Finance Charge Receivables billed (excluding Interchange) 2624,~~776~~504,~~197~~085.8979 Receivables billed ~~505~~502,~~599~~229,~~118~~429.6803 A(5). . Discount Receivables Generated 0.00 A(6). . Collections of Principal Receivables ~~487~~483,~~790~~208,~~635~~135.5078 Collections of Finance Charge Receivables (excluding Interchange) 2426,~~465~~776,~~159~~197.4789 Total Collections ~~512~~509,~~255~~984,~~794~~333.9767 A(7). . Default Amount 910,~~671~~076,~~729~~896.7009 A(8). . Ending Principal Receivables 2,~~168~~152,~~281~~721,~~140~~451.3370 Ending Finance Charge Receivables (excluding Interchange) 1412,~~957~~685,~~347~~235.5141 Ending Discount Receivables 0.00 ----------------- Ending Receivables 2,~~183~~165,~~238~~406,~~487~~687.8411 A(9). . Beginning Aggregate Invested Amount ~~918~~666,915,000.00 Beginning Aggregate Invested Percentage 4230.0276% A(10) . Beginning Transferor Amount 1,~~268~~501,~~005~~366,~~584~~140.7433 Net Change in Transferor Amount ~~233~~(15,~~360~~559,~~555~~688.5963) Ending Transferor Amount 1,~~501~~485,~~366~~806,~~140~~451.3370 Beginning Transferor Interest Percentage 5769.9824% A(11) . Collections of Finance Charge Receivables allocable to Interchange 7,~~382~~276,~~501~~129.8038 Exhibit 99 A and B Page 5 of 1710 B ~~. . .~~ Delinquencies and Losses for Due Period B(1). . Delinquent Accounts 30-59 Days Delinquent 5,~~654~~273 60-89 Days Delinquent 3,~~361~~249 90-119 Days Delinquent 2,~~487~~315 120 + Days Delinquent 3,~~551~~562 B(2). . Defaulted Accounts 0 B(3). . Delinquent Receivables 30-59 Days Delinquent 2625,~~574~~075,~~441~~373.7828 60-89 Days Delinquent 17,~~197~~357,~~470~~867.0032 90-119 Days Delinquent 1312,~~740~~571,~~179~~597.9120 120 + Days Delinquent 21,~~337~~232,~~460~~676.4864 B(4). . Default Amount 7,~~662~~944,~~150~~269.0388 C ~~. . .~~ Base Rate and Portfolio Yield C(1). . Base Rate (Current Due Period) 8.02% Base Rate (Prior Due Period) 8.02% Base Rate (Two Due Periods Ago) 8.02% Three Month Average Base Rate 8.02% C(2). . Portfolio Yield (Current Due Period) 1314.5271% Portfolio Yield (Prior Due Period) 13.3352% Portfolio Yield (Two Due Periods Ago) 1213.6633% Three Month Average Portfolio Yield 13.1785% D ~~. . .~~ Series 1993-2 Invested Amount D(1). . Class A Initial Invested Amount 500,000,000.00 Class B Initial Invested Amount 31,915,000.00 ----------------- Initial Invested Amount 531,915,000.00 D(2). . Class A Invested Amount as of the beginning of the Due Period 500,000,000.00 Class B Invested Amount as of the beginning of the Due Period 31,915,000.00 ----------------- Invested Amount as of the beginning of the Due Period 531,915,000.00 D(3). . Class A Invested Amount at the end of revolving period N/A Class B Invested Amount at the end of revolving period N/A Invested Amount at the end of revolving period N/A D(4). . Principal Funding Account Balance as of end of day on preceding Distribution Date 0.00 Deposits to Principal Funding Account 0100,000,000.00 Principal Funding Investment Proceeds 0.00 Withdrawals from Principal Funding Account 0.00 Allocation of Principal Funding Investment Proceeds 0.00 ----------------- Principal Funding Account Balance as of end of day on current 0100,000,000.00 Distribution Date D(5). . Class A Adjusted Invested Amount as of the beginning of the Due Period 500,000,000.00 Class B Adjusted Invested Amount as of the beginning of the Due Period 31,915,000.00 ----------------- Adjusted Invested Amount as of the beginning of the Due Period 531,915,000.00 D(6). . Enhancement Initial Invested Amount 0.00 Enhancement Invested Amount 0.00 D(7). . Floating Allocation Percentage 24.3253% D(8). . Principal Allocation Percentage 24.3253% Exhibit 99 A and B Page 6 of 1710 E ~~. . .~~ Servicing Fee Calculation E(1). . Servicing Base Amount 531,915,000.00 E(2). . Servicer Interchange 332,446.88 Class A Servicing Fee 520,833.44 Class B Servicing Fee 33,244.69 ----------------- Subtotal 886,525.01 Investor Monthly Servicing Fee 886,525.01 ----------------- Shortfall of Servicer Interchange 0.00 E(3). . Investor Default Amount 1,~~863~~948,~~434~~729.8940 E(4). . Monthly Cash Collateral Fee 9,447.10 F ~~. . .~~ Reserve Account F(1). . Reserve Account Balance as of end of day on preceding Distribution Date 5,319,150.00 Deposits to Reserve Account 0.00 Interest earnings on Reserve Account 32,~~108~~682.4132 Withdrawals from Reserve Account (32,~~108~~682.4132) ----------------- Reserve Account Balance as of end of day on current Distribution Date 5,319,150.00 F(2). . Required Reserve Account Amount 5,319,150.00 F(3). . Available Reserve Account Amount 5,319,150.00 F(4). . Reserve Draw Amount 0.00 F(5). . Reserve Account Surplus 0.00 F(6). . Covered Amount N/A G ~~. . .~~ Cash Collateral Account G(1). . Initial Shared Collateral Amount 26,595,833.00 Initial Class B Collateral Amount 5,319,167.00 ----------------- Initial Cash Collateral Amount 31,915,000.00 G(2). . Cash Collateral Account balance as of end of day on preceding Distribution Date 31,915,000.00 Deposits to Cash Collateral Account 0.00 Withdrawals from Cash Collateral Account 0.00 ----------------- Cash Collateral Account balance as of end of day on current 31,915,000.00 Distribution Date G(3). . Cash Collateral Account Surplus 0.00 G(4). . Available Shared Collateral Amount 26,595,833.00 Available Cash Collateral Amount 31,915,000.00 G(5). . Required Draw Amount 0.00 Interest Draw Amount 0.00 Servicing Draw Amount 0.00 Default Draw Amount 0.00 Reimbursement Draw Amount/Special Draw Amount/Class A&B Principal Draw Amount 0.00 ----------------- 0.00 Exhibit 99 A and B Page 7 of 1710 H ~~. . .~~ Class A Available Funds H(1). . Class A Floating Percentage 94.00% H(2). . Principal Funding Investment Proceeds (if applicable to Class A) 0.00 Class A Finance Charge Collections (excluding Interchange) 56,~~592~~174,~~931~~109.1826 Class A allocation of Servicer Interchange 1,~~687~~677,~~698~~744.9747 Reserve Draw Amount (if applicable to Class A) 0.00 ----------------- Class A Available Funds 7,~~280~~851,~~630~~853.1573 H(3). . Class A Monthly Interest 2,500,000.00 ----------------- Class A Interest Shortfall 0.00 H(4). . Class A Additional Interest 0.00 Class A Servicing Fee 520,833.44 Class A allocation of Servicer Interchange 312,500.07 Class A Investor Default Amount 1,~~751~~831,~~628~~805.8064 H(5). . Distribution of Class A Available Funds Class A Monthly Interest plus amounts previously due but not distributed 2,500,000.00 Class A Additional Interest plus amounts previously due but not distributed 0.00 Class A Servicing Fee plus amounts previously due but not distributed 520,833.44 Class A allocation of Servicer Interchange 312,500.07 Class A Investor Default Amount 1,~~751~~831,~~628~~805.8064 ----------------- Total Class A Excess Spread 2,~~195~~686,~~667~~714.8458 H(6). . Required Amount 0.00 I ~~. . .~~ Class B Available Funds I(1). . Class B Floating Percentage 6.00% I(2). . Principal Funding Investment Proceeds (if applicable to Class B) 0.00 Class B Finance Charge Collections (excluding Interchange) ~~356~~394,~~995~~092.6108 Class B allocation of Servicer Interchange 107,~~725~~090.4707 Reserve Draw Amount (if applicable to Class B) 0.00 Class B Available Funds ~~464~~501,~~721~~182.0815 I(3). . Class B Monthly Interest 166,223.96 ----------------- Class B Interest Shortfall 0.00 I(4). . Class B Additional Interest 0.00 Class B Servicing Fee 33,244.69 Class B allocation of Servicer Interchange 19,946.81 I(5). . Distribution of Class B Available Funds Class B Monthly Interest plus amounts previously due but not distributed 166,223.96 Class B Additional Interest plus amounts previously due but not distributed 0.00 Class B Servicing Fee plus amounts previously due but not distributed 33,244.69 Class B allocation of Servicer Interchange 19,946.81 Total Class B Excess Spread ~~245~~281,~~305~~766.6269 I(6). . Class B Investor Default Amount ~~111~~116,~~806~~923.0976 Exhibit 99 A and B Page 8 of 1710 J ~~. . .~~ Excess Spread and Excess Finance Charge Collections J(1). . Total Excess Spread 2,~~440~~968,~~973~~481.4627 Excess Finance Charge Collections allocated from other series 0.00 ----------------- 2,~~440~~968,~~973~~481.4627 J(2). . Applied to Required Amount 0.00 Applied to Class A Investor Charge Offs 0.00 Applied to Class B Monthly Interest & Additional Interest 0.00 Applied to Class B Servicing Fee 0.00 Applied to Class B Investor Default Amount ~~111~~116,~~806~~923.0976 Applied to Class B Invested Amount reductions 0.00 Applied to Enhancement Invested Amount reductions 0.00 Applied to Cash Collateral Account 0.00 Applied to Monthly Cash Collateral Fee 9,447.10 Applied to Reserve Account 0.00 Applied to Cash Collateral Depositor 0.00 ----------------- Total Excess Finance Charge Collections 2,~~319~~842,~~720~~110.2741 J(3). . Finance Charge Shortfall 0.00 J(4). . Portion of Shared Collateral Amount applied to Required Amount 0.00 Portion of Reallocated Principal Collections applied to Required Amount 0.00 K ~~. . .~~ Principal Collections K(1). . Available Principal Collections 118,~~630~~530,~~682~~955.5571 Excess Principal Collections with respect to other Series 0.00 Subtotal 118,~~630~~530,~~682~~955.5571 K(2). . Class A Principal Percentage 94.00% Class A Monthly Principal 0.00 K(3). . Class B Principal Percentage 6.00% Class B Monthly Principal 0.00 K(4). . Allocation of Principal Collections Deposit to Principal Funding Account 0.00 Distribution to Cash Collateral Depositor 0.00 Excess Principal Collections 118,~~630~~530,~~682~~955.5571 Principal Shortfall 0.00 K(5). . Reallocated Principal Collections pursuant to Section 4.9(a) 0.00 K(6). . Amount by which Class B Invested Amount was reduced pursuant to 4.7(a) 0.00 L ~~. . .~~ Accumulation Period L(1). . Controlled Accumulation Amount (Class A) N/A Deficit Controlled Accumulation Amount (Class A) N/A Controlled Deposit Amount (Class A) 0.00 L(2). . Controlled Accumulation Amount (Class B) N/A Deficit Controlled Accumulation Amount (Class B) N/A ----------------- Controlled Deposit Amount (Class B) 0.00 Exhibit 99 A and B Page 9 of 1710 M ~~. . .~~ Investor Charge Offs M(1). . Class A Investor Charge Offs 0.00 Class B Investor Charge Offs 0.00 M(2). . The amount of reimbursed Class A Investor Charge Offs 0.00 The amount of reimbursed Class B Investor Charge Offs 0.00 M(3). . The amount, if any, by which the outstanding principal balance of the Certificates exceeds the Invested Amount after giving effect to all transactions on the Distribution Date Class A 0.00 Class B 0.00 N ~~. . .~~ Distributions to Class A Certificateholders (per $1,000 original principal amount) N(1). . Total distribution to Class A Certificateholders 5.00 Amount with respect to interest 5.00 Amount with respect to principal 0.00 N(2). . Class A Investor Charge Offs 0.00 N(3). . The amount of reimbursed Class A Investor Charge Offs 0.00 O ~~. . .~~ Distributions to Class B Certificateholders (per $1,000 original principal amount) O(1). . Total distribution to Class B Certificateholders 5.21 Amount with respect to interest 5.21 Amount with respect to principal 0.00 O(2). . Class B Investor Charge Offs 0.00 O(3). . The amount of reimbursed Class B Investor Charge Offs 0.00 NATIONSBANK OF DELAWARE, N.A. as Servicer BY: \s\ R. Brian ~~Rozelle~~P. Sterling ------------------------ Name: R. Brian ~~Rozelle~~P. Sterling Title: ~~Assistant~~ Vice President Exhibit 99 A and B Page 10 of 1710

MONTHLY CERTIFICATEHOLDERS STATEMENT NationsBank OF DELAWARE, N.A. NATIONSBANK CREDIT CARD MASTER TRUST SERIES 1996-1 Pursuant to the Master Pooling and Servicing Agreement, dated as of December 1, 1993 (as amended or supplemented, the "Pooling and Servicing Agreement"), as supplemented by the Series 1996-1 Supplement, dated as of June11, 1996 (the "Supplement" and, together with the Pooling and Servicing Agreement, the "Agreement"), each between NationsBank of Delaware, N.A. as Transferor and Servicer, and The Bank of New York, as Trustee, the Servicer is required to prepare certain information each month regarding distributions to Certificateholders and the performance of the Trust. The information with respect to the applicable Distribution Date and Due Period is set forth below. Due Period Jun-2003 Determination Date 8-Jul-2003 Transfer Date 14-Jul-2003 Distribution date 15-Jul-2003 Interest Period 6/16/03-9/14/03 Interest Payment date 15-Jul-2003 Amortization Period? Yes Class A Accumulation Period? No Class B Accumulation Period? Yes Early Amortization Period? No A ~~. . .~~ Receivables for Due Period A(1). . Beginning Principal Receivables 2,186,920,584.74 Beginning Finance Charge Receivables (excluding Interchange) 12,646,309.09 Beginning Discount Receivables 0.00 ----------------- Beginning Receivables 2,199,566,893.83 A(2). . Removed Principal Receivables 0.00 Removed Finance Charge Receivables (excluding Interchange) 0.00 ----------------- Removed Receivables 0.00 A(3). . Principal Receivables with respect to Additional Accounts 0.00 Finance Charge Receivables with respect to Additional Accounts (excluding Interchange) 0.00 ----------------- Receivables with respect to Additional Accounts 0.00 A(4). . Principal Receivables billed 478,822,920.79 Finance Charge Receivables billed (excluding Interchange) 26,776,197.89 ----------------- Receivables billed 505,599,118.68 A(5). . Discount Receivables generated 0.00 A(6). . Collections of Principal Receivables 487,790,635.50 Collections of Finance Charge Receivables (excluding Interchange) 24,465,159.47 ----------------- Total Collections 512,255,794.97 A(7). . Default Amount (excluding Recoveries) 9,671,729.70 A(8). . Ending Principal Receivables 2,168,281,140.33 Ending Finance Charge Receivables (excluding Interchange) 14,957,347.51 Ending Discount Receivables 0.00 ----------------- Ending Receivables 2,183,238,487.84 A(9). . Beginning aggregate Invested Amount 918,915,000.00 Beginning aggregate Invested Percentage 42.02% A(10) . Beginning Transferor Amount 1,268,005,584.74 Net Change in Transferor Amount 233,360,555.59 ----------------- Ending Transferor Amount 1,501,366,140.33 Beginning Transferor Interest Percentage 57.98% A(11) . Collections of Finance Charge Receivables allocable to Interchange 7,382,501.80 Exhibit 99 C and D Page 11 of 17 B ~~. . .~~ Delinquencies and Losses for Due Period B(1). . Delinquent Accounts 30-59 Days Delinquent 5,654 60-89 Days Delinquent 3,361 90-119 Days Delinquent 2,487 120 + Days Delinquent 3,551 B(2). . Defaulted Accounts 0 B(3). . Delinquent Receivables 30-59 Days Delinquent 26,574,441.78 60-89 Days Delinquent 17,197,470.00 90-119 Days Delinquent 13,740,179.91 120 + Days Delinquent 21,337,460.48 B(4). . Default Amount 7,662,150.03 C ~~. . .~~ Base Rate and Portfolio Yield C(1). . Base Rate (Current Due Period) 2.09% Base Rate (Prior Due Period) 3.46% Base Rate (Two Due Periods Ago) 3.46% Three Month Average Base Rate 3.00% C(2). . Portfolio Yield (Current Due Period) 6.63% Portfolio Yield (Prior Due Period) 9.91% Portfolio Yield (Two Due Periods Ago) 12.78% Three Month Average Portfolio Yield 9.78% D ~~. . .~~ Series 1996-1 Invested Amount D(1). . Class A Initial Invested Amount 756,000,000.00 Class B Initial Invested Amount 58,500,000.00 Collateral Initial Indebtedness Amount 85,500,000.00 ----------------- Initial Invested Amount 900,000,000.00 D(2). . Class A Investor Amount AU of the beginning of the Due Period 756,000,000.00 Class B Investor Amount AU of the beginning of the Due Period 58,500,000.00 ----------------- Investor Amount 891,000,000.00 D(3). . Class A Invested Amount AU the end of revolving period 756,000,000.00 Class B Invested Amount AU the end of revolving period 58,500,000.00 Collateral Indebtedness Amount AU the end of revolving period 76,500,000.00 ----------------- Invested Amount AU the end of revolving period 891,000,000.00 D(4). . Principal Funding Account Balance AU of end of day on preceding Distribution Date 0.00 Deposits to Principal Funding Account 135,000,000.00 Principal Funding Investment Proceeds 168,695.05 Withdrawals from Principal Funding Account 135,168,695.05 Allocation of Principal Funding Investment Proceeds 0.00 ----------------- Principal Funding Account Balance as of end of day on current Distribution Date 0.00 D(5). . Class A Invested Amount as of the beginning of the Due Period 252,000,000.00 Class B Invested Amount as of the beginning of the Due Period 58,500,000.00 Collateral Indebtedness Amount as of the beginning of the Due Period 76,500,000.00 ----------------- Invested Amount as of the beginning of the Due Period 387,000,000.00 D(6). . Required Enhancement Amount 27,000,000.00 Enhancement Surplus 0.00 Available Enhancement Amount 27,000,000.00 D(7). . Floating Allocation Percentage 17.69% D(8). . Fixed Allocation Percentage 40.74% Exhibit 99 C and D Page 12 of 17 E ~~. . .~~ Servicing Fee Calculation E(1). . Servicing Base Amount 387,000,000.00 E(2). . Servicer Interchange 556,875.00 Class A Servicing Fee 787,500.00 Class B Servicing Fee 60,937.50 Collateral Servicing Fee 79,687.50 ----------------- Subtotal 1,485,000.00 Investor Monthly Servicing Fee 1,485,000.00 ----------------- Shortfall of Servicer Interchange 0.00 E(3). . Investor Default Amount 1,355,434.34 E(4) F ~~. . .~~ Reserve Account F(1). . Reserve Account Balance as of end of day on preceding Distribution Date 3,780,000.00 Deposits to Reserve Account 0.00 Interest earnings on Reserve Account 2,210.13 Withdrawals from Reserve Account (2,210.13) ----------------- Reserve Account Balance AU of end of day on current Distribution Date 3,780,000.00 F(2). . Required Reserve Account Amount 3,780,000.00 F(3). . Available Reserve Account Amount 3,780,000.00 F(4). . Reserve Draw Amount 0.00 F(5). . Reserve Account Surplus 0.00 F(6). . Covered Amount 0.00 G ~~. . .~~ Cash Collateral Account G(1). . Initial Cash Collateral Amount 0.00 G(2). . Cash Collateral Account Balance as of end of day on preceding Distribution Date 9,000,000.00 Deposits to Cash Collateral Account (Net of Investment Earnings) 0.00 Investment Earnings on Cash Collateral Account 5,287.06 Withdrawals from Cash Collateral Account (5,287.06) ----------------- Cash Collateral Account Balance as of end of day on current 9,010,574.12 G(3). . Cash Enhancement Surplus 0.00 G(4). . Available Cash Collateral Amount 9,000,000.00 Required Cash Collateral Amount 9,000,000.00 Required Cash Collateral Percentage 1.00% G(5). . Required Draw Amount 0.00 H ~~. . .~~ Interest Funding Account H(1). . Interest Funding Account Balance as of end of day on preceding Distribution Date - Deposits to Interest Funding Account 65,916.09 Interest Funding Investment Proceeds 577.67 Withdrawals from Interest Funding Account (66,493.76) ----------------- Interest Funding Account Balance as of end of day on current - Distribution Date Exhibit 99 C and D Page 13 of 17 I ~~. . .~~ Class A Available Funds I(1). . Class A Floating Percentage 11.52% I(2). . Principal Funding Investment Proceeds (if applicable to Class A) 168,695.05 Cash Collateral Account Investment Proceeds 3,443.03 Interest Funding Account Investment Proceeds 376.19 Class A Finance Charge Collections (excluding Interchange) 2,818,386.37 Class A allocation of Servicer Interchange 850,464.21 Reserve Draw Amount (if applicable to class A) 0.00 ----------------- Class A Available Funds 3,841,364.85 I(3). . Class A Monthly Interest 0.00 ----------------- Class A Interest Shortfall 0.00 I(4). . Class A Additional Interest 0.00 Class A Servicing Fee 787,500.00 Class A Allocation of Service Interchange 472,500.00 Class A Investor Default Amount 882,679.69 I(5). . Distribution of Class A Available Funds Class A Monthly Interest plus amounts previously due but not distributed 0.00 Class A Additional Interest plus amounts previously due but not distributed 0.00 Class A Servicing Fee plus amounts previously due but not distributed 787,500.00 Class A Allocation of Servicer Interchange 472,500.00 Class A Investor Default Amount 882,679.69 ----------------- Total Class A Excess Spread 1,698,685.16 I(6). . Class A Required Amount 0.00 J ~~. . .~~ Class B Available Funds J(1). . Class B Floating Percentage 2.67% J(2). . Principal Funding Investment Proceeds (if applicable to Class B) 0.00 Cash Collateral Account Investment Proceeds 797.99 Interest Funding Account Investment Proceeds 87.19 Class B Finance Charge Collections (excluding Interchange) 653,219.76 Class B Allocation of Servicer Interchange 197,112.80 Reserve Draw Amount (if applicable to Class B) 0.00 ----------------- Class B Available Funds 851,217.74 J(3). . Class B Monthly Interest 65,916.09 ----------------- Class B Interest Shortfall 0.00 J(4). . Class B Additional Interest 0.00 Class B Servicing Fee 60,937.50 Class B Allocation of Servicer Interchange 36,562.50 J(5). . Distribution of Class B Available Funds Class B Monthly Interest plus amounts previously due but not distributed 65,916.09 Class B Additional Interest plus amounts previously due but not distributed 0.00 Class B Servicing Fee plus amounts previously due but not distributed 60,937.50 Class B Allocation of Servicer Interchange 36,562.50 ----------------- Total Class B Excess Spread 687,801.65 J(6). . Class B Investor Default Amount 204,579.41 Class B Required Amount 0.00 Exhibit 99 C and D Page 14 of 17 K ~~. . .~~ Collateral Available Funds K(1). . Collateral Floating Percentage 3.50% K(2). . Collateral Finance Charge Collections 856,280.58 Collateral Allocation of Interest Funding Account Proceeds 114.29 Collateral Allocation of Servicer Interchange 258,387.56 Collateral Allocation of Cash Collateral Account Investment Proceeds 1,046.05 ----------------- Collateral Available Funds 1,115,828.48 K(3). . Collateral Monthly Interest 109,692.50 ----------------- Collateral Interest Shortfall 0.00 K(4). . Collateral Additional Interest 0.00 Collateral Servicing Fee 79,687.50 Collateral Allocation of Servicer Interchange 47,812.50 K(5). . Distribution of Collateral Available Funds Collateral Servicing Fee plus amounts previously due but not distributed 79,687.50 Collateral Allocation of Servicer Interchange 47,812.50 ----------------- Total Collateral Excess Spread 988,328.48 K(6). . Collateral Investor Default Amount 268,175.25 K(7). . Collateral Required Amount 0.00 L ~~. . .~~ Excess Spread and Excess Finance Charge Collections L(1). . Total Excess Spread 3,374,815.29 Excess Finance Charge Collections allocated from other series 0.00 ----------------- Subtotal 3,374,815.29 L(2). . Applied to class A Monthly Interest & Additional Interest 0.00 Applied to class A Servicing Fee 0.00 Applied to class A Investor Default Amount 0.00 Applied to class A Investor Charge Offs 0.00 Applied to class B Monthly Interest & Additional Interest 0.00 Applied to class B Servicing Fee 0.00 Applied to class B Investor Default Amount 204,579.41 Applied to class B Invested Amount reductions 0.00 Applied to collateral Servicing Fee 0.00 Applied to collateral Monthly Interest & Additional Interest 109,692.50 Applied to collateral Default Amount 268,175.25 Applied to collateral Indebtedness Amount reductions 0.00 Applied to cash collateral Account 0.00 Applied to Other Amount Due to collateral Indebtedness Holder 0.00 Applied to Reserve Account 0.00 Applied to cash collateral Depositor 0.00 ----------------- Total Excess Finance Charge Collections 2,792,368.13 L(3). . Finance Charge Shortfall 0.00 L(4). . Portion of Reallocated Principal Collections applied to Required Amount 0.00 Exhibit 99 C and D Page 15 of 17 M ~~. . .~~ Principal Collections M(1). . Collections of Principal Receivables allocable to Series 1996-1 198,736,734.78 Excess Principal Collections with respect to other Series 0.00 ----------------- Subtotal 198,736,734.78 M(2). . Class A Fixed Percentage 34.57% Class A Monthly Principal 0.00 M(3). . Class B Fixed Percentage 2.67% Class B Monthly Principal 58,500,000.00 M(4). . Collateral Fixed Percentage 3.50% Collateral Monthly Principal 76,500,000.00 M(5). . Allocation of Principal Collections Deposit to Principal Funding Account 58,500,000.00 Distribution to Collateral Indebtedness Holder 76,500,000.00 Excess Principal Collections 63,736,734.78 Principal Shortfall 0.00 M(6). . Class B Subordinated Principal Collections 13,253,333.55 Collateral Subordinated Principal Collections 17,331,282.33 ----------------- Total Subordinated Principal Collections 30,584,615.88 M(7). . Reallocated Principal Collections pursuant to Section 4.9(a) 0.00 Reallocated Principal Collections pursuant to Section 4.9(b) 0.00 Reallocated Principal Collections pursuant to Section 4.9(c) 0.00 ----------------- Total Reallocated Principal Collections 0.00 N ~~. . .~~ Accumulation Period N(1). . Controlled Accumulation Amount (Class A) 0.00 Deficit Controlled Accumulation Amount (Class A) N/A ----------------- Controlled Deposit Amount (Class A) 0.00 N(2). . Controlled Accumulation Amount (Class B) 58,500,000.00 Deficit Controlled Accumulation Amount (Class B) 0.00 ----------------- Controlled Deposit Amount (Class B) 58,500,000.00 N(3). . Accumulation Period Factor 0.99 Monthly Payment Rate 23.2889% Required Accumulation Factor Number 6.00 Accumulation Period Length 1.00 Exhibit 99 C and D Page 16 of 17 O ~~. . .~~ Investor Charge Offs O(1). . Class A Investor Charge Offs 0.00 Class B Investor Charge Offs 0.00 O(2). . The amount of reimbursed Class A Investor Charge Offs 0.00 The amount of reimbursed Class B Investor Charge Offs 0.00 O(3). . The amount, if any, by which the outstanding principal Balance of the Certificates exceeds the Invested Amount after giving effect to all transactions on the Distribution Date Class A 0.00 Class B 0.00 P ~~. . .~~ Distributions to Class A Certificateholders (per $1,000 original principal amount) P(1). . Total distribution to Class A Certificateholders 0.00 Amount with respect to interest 0.00 Amount with respect to principal 0.00 P(2). . Class A Investor Charge Offs 0.00 P(3). . The amount of reimbursed Class A Investor Charge Offs 0.00 Q ~~. . .~~ Distributions to Class B Certificateholders (per $1,000 original principal amount) Q(1). . Total distribution to Class B Certificateholders 101.13 Amount with respect to interest 1.13 Amount with respect to principal 100.00 Q(2). . Class B Investor Charge Offs 0.00 Q(3). . The amount of reimbursed Class B Investor Charge Offs 0.00 R ~~. . .~~ Distributions to Collateral Indebtedness Holders (per $1,000 original principal amount) R(1). . Total distribution to Collateral Indebtedness Holders 101.28 Amount with respect to interest 1.28 Amount with respect to principal 100.00 R(2). . Collateral Investor Charge Offs 0.00 R(3). . The amount of reimbursed Collateral Investor Charge Offs 0.00 NATIONSBANK OF DELAWARE, N.A. As Servicer By: \s\ R. Brian ~~Rozelle~~P. Sterling ----------------------- Name: R. Brian ~~Rozelle~~P. Sterling Title: ~~Assistant~~ Vice President Exhibit 99 C and D Page 17 of 17

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