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UK Receivables Trust—CARDS 11 - CARDS 12
Trust Excess Spread Analysis—October 2009
| Trust Performance |
October-09 |
September-09 |
August-09 |
| Cash Yield |
22.43% |
23.04% |
22.47% |
| Gross Charge-Offs |
13.58% |
15.18% |
12.99% |
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| Monthly Payment Rate |
11.03% |
11.32% |
11.01% |
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| Delinquency |
| 30 to 59 days |
2.25% |
2.34% |
2.30% |
| 60 to 89 days |
1.87% |
1.86% |
1.90% |
| 90 + days |
3.85% |
3.91% |
4.13% |
| Total |
7.97% |
8.11% |
8.33% |
| MBNA Europe Bank Limited - UK Receivables Trust |
Total |
| Aggregate Ending Principal Receivables (£MM- Millions) |
£1,089 |
| Seller's Interest (30-day average) |
27.12% |
Series |
Size
(MM- Millions) |
Expected
Maturity |
Base
Rate |
EXCESS SPREAD |
3 Month
Average |
| October-09 |
September-09 |
August-09 |
| CARDS 11 |
£498 |
10/15/10 |
3.38% |
5.46% |
3.65% |
5.34% |
4.82% |
| CARDS 12 |
£300 |
1/18/11 |
3.82% |
5.03% |
3.65% |
5.33% |
4.67% |
Footnotes
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