BA Master Credit Card Trust II- 2 Static Pool Information
Master Trust II- 2 Portfolio beginning January 2006
The tables identified above present delinquency, charge-off, yield and payment rate performance for credit card receivables included in the Master Trust II- 2 Portfolio for periods beginning on and after January 1, 2006. In each case, the information is organized by calendar year of account origination (each, a “vintage origination year”) and, as to each year of performance presented (each, a “vintage performance year”), is presented for accounts originated in such vintage origination year.¹ As to data presented for any vintage performance year (or portion thereof) for any vintage origination year, we refer to such data as a “vintage segment”.
As to any vintage segment, information is presented for the accounts originated in the related vintage origination year that were included in the Master Trust II- 2 Portfolio during the period covered by the related vintage performance year (or portion thereof). For example, for the vintage segment relating to YTD- Year to Date 2008 vintage performance for the 2003 vintage origination year, the information presented relates to the performance during the completed portion of the 2008 calendar year of accounts that were originated in 2003 and that were included in the Master Trust II- 2 portfolio during that portion of the 2008 calendar year.
Accounts may be opened in any month during a calendar year. As a result, except for accounts opened at the beginning of a year, Year 1 information will be based on accounts with less than a full twelve months of activity. For example, for an account that was opened in September of any given year, only three months of activity related to that account is included in the Year 1 information. Year-to-Date (“YTD- Year to Date”) information, by its very nature, is also based on less than a full twelve months of account activity.
As of June 30, 2008, $56.7 billion of outstanding receivables representing approximately 55.79% of the total outstanding receivables in the Master Trust II- 2 Portfolio at such date related to accounts that were originated prior to 2003 and, therefore, are not included in the Master Trust II- 2 Portfolio tables.
There can be no assurance that the performance of receivables in the future will be similar to the historical experience set forth in the tables identified above.
¹Information 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. Since January 1, 2006, FIA Card Services has stored information relating to delinquency, charge-off, yield and payment rate performance for the credit card receivables included in the Master Trust II- 2 Portfolio by vintage origination year and, beginning with the calendar quarter ended March 31, 2006, this information is presented and will be updated on a quarterly basis. FIA Card Services anticipates that this information will ultimately be presented for the five most recent vintage origination years. As a result, the full array of static pool information relating to the Master Trust II- 2 Portfolio will not be available until 2011.
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