Gross Charge-Off Percentage
Master Trust II- 2 Portfolio beginning January 2006
By Vintage Segment as of March 31, 2008
| |
Vintage Performance Year |
| |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
YTD- Year to Date 2008 |
| 2008 Originations |
 |
|
|
|
|
0.00% |
| 2007 Originations |
2.62% |
|
|
|
|
5.48% |
| 2006 Originations |
0.65% |
6.03% |
|
|
|
10.11% |
| 2005 Originations |
— |
2.80% |
8.23% |
|
|
10.14% |
| 2004 Originations |
— |
— |
2.82% |
6.50% |
|
8.04% |
| 2003 Originations |
— |
— |
— |
3.36% |
6.35% |
7.59% |
Information relating to the credit card receivables included in the Master Trust II- 2 Portfolio was not organized or stored within our computer systems by vintage origination year for periods prior to January 1, 2006 and cannot be obtained without unreasonable expense or effort.
Gross charge-off percentage for any Vintage Segment is calculated by dividing the total credit losses (charge-offs) for such Vintage Segment by the average credit card outstanding receivables for such Vintage Segment.
Total credit losses (charge-offs) for any Vintage Segment consist of total principal charge-offs before recoveries¹ and also include charge-offs of finance charge and fee receivables during such Vintage Segment. By way of comparison, total charge-offs as generally reported, including with respect to the Master Trust II- 2 Portfolio and FIA Card Services reported performance more generally, do not include finance charge and fee receivables. Uncollected finance charges and fees are generally treated as revenue reductions, not credit losses. As a result, for any designated period, total credit losses (charge-offs) as presented above will be higher as compared with total charge-offs with respect to the Master Trust II- 2 Portfolio and FIA Card Services reported performance more generally.
Average credit card outstanding receivables is the average of the monthly outstanding receivables for such Vintage Segment for the given Vintage Performance Year.
Historical data for charge-offs with respect to the Master Trust II- 2 Portfolio in the prospectus relating to an offering of BA Credit Card Trust securities (i- 1) unlike the calculation of total credit losses (charge-offs) above, does not include charge-offs of finance charges or fees and (ii- 2- 2) is calculated using the average daily principal receivables outstanding instead of the average credit card outstanding receivables as defined above. As a result, there are limitations to any comparison of the historical data presented in the prospectus and the static pool data presented in the table above.
¹Total credit losses (charge-offs) do not include the amount of any reductions in principal receivables outstanding due to fraud, returned goods, customer disputes or other miscellaneous adjustments.
More Static Pool Data
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