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Gloucester Credit Card Trust
Form of Investors’ Monthly Performance Summary - May 2009
| Trust Performance |
May-09 |
April-09 |
March-09 |
| Cash Yield |
16.79% |
16.95% |
18.46% |
| Gross Charge-Offs |
5.56% |
5.41% |
4.65% |
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| Monthly Payment Rate |
12.02% |
12.46% |
13.27% |
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| Delinquency |
| 30 to 59 days |
1.37% |
1.35% |
1.39% |
| 60 to 89 days |
0.75% |
0.73% |
0.77% |
| 90 + days |
1.47% |
1.43% |
1.32% |
| Total |
3.59% |
3.51% |
3.48% |
| MBNA Canada Bank - Gloucester Credit Card Trust |
Total |
| Aggregate Ending Principal Receivables (C$MM- Millions) |
C$5,232 |
| Seller's Interest (30-day average) |
33.87% |
Series |
Size
(MM- Millions) |
Expected
Maturity |
Expense
Rate |
Blended
Coupon |
Fixed or
Floating |
EXCESS SPREAD |
3 Month
Average |
| May-09 |
April-09 |
March-09 |
| 2004-1 |
C$300 |
5/15/14 |
3.73% |
5.55% |
Fix |
7.50% |
7.63% |
9.88% |
8.34% |
| 2006-1 |
C$500 |
3/15/11 |
3.41% |
4.53% |
Fix |
7.82% |
7.94% |
10.19% |
8.65% |
| 2006-2 |
C$349 |
11/15/13 |
3.22% |
1.07% |
Fl/Fix |
8.01% |
8.14% |
10.38% |
8.84% |
| 2007-1 |
C$600 |
6/15/10 |
3.33% |
1.15% |
Fl/Fix |
7.90% |
8.02% |
10.27% |
8.73% |
| 2008-1 |
C$452 |
5/15/13 |
7.59% |
5.56% |
Fix |
3.64% |
3.81% |
6.07% |
4.50% |
Footnotes
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