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Gloucester Credit Card Trust
Form of Investors’ Monthly Performance Summary - September 2008
| Trust Performance |
September-08 |
August-08 |
July-08 |
| Cash Yield |
18.35% |
17.01% |
17.95% |
| Gross Charge-Offs |
3.92% |
4.01% |
4.12% |
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| Monthly Payment Rate |
14.38% |
13.51% |
14.68% |
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| Delinquency |
| 30 to 59 days |
1.13% |
1.11% |
1.04% |
| 60 to 89 days |
0.53% |
0.52% |
0.51% |
| 90 + days |
1.09% |
1.09% |
1.13% |
| Total |
2.75% |
2.72% |
2.68% |
| MBNA Canada Bank - Gloucester Credit Card Trust |
Total |
| Aggregate Ending Principal Receivables (C$MM- Millions) |
C$5,318 |
| Seller's Interest (30-day average) |
19.94% |
Series |
Size
(MM- Millions) |
Expected
Maturity |
Expense
Rate |
Blended
Coupon |
Fixed or
Floating |
EXCESS SPREAD |
3 Month
Average |
| September-08 |
August-08 |
July-08 |
| 2003-2 |
C$500 |
10/15/08 |
4.65% |
4.55% |
Fix |
10.95% |
7.02% |
7.81% |
8.76% |
| 2004-1 |
C$300 |
5/15/14 |
5.98% |
5.55% |
Fix |
8.44% |
6.95% |
7.75% |
7.82% |
| 2005-1 |
C$300 |
11/17/08 |
5.59% |
4.06% |
Fix |
8.83% |
7.34% |
8.14% |
8.32% |
| 2006-1 |
C$500 |
3/15/11 |
5.66% |
4.53% |
Fix |
8.74% |
7.29% |
8.08% |
8.21% |
| 2006-2 |
C$349 |
11/15/13 |
5.50% |
3.41% |
Fl/Fix |
8.89% |
7.41% |
8.22% |
8.29% |
| 2007-1 |
C$600 |
6/15/10 |
5.61% |
3.49% |
Fl/Fix |
8.78% |
7.30% |
8.11% |
8.21% |
| 2008-1 |
C$452 |
5/15/13 |
7.75% |
5.56% |
Fix |
6.67% |
5.28% |
6.10% |
6.18% |
Footnotes
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