UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K
(Mark One)
|X| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: December 31, 2002
or
|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For Transition period ______________________________
Commission file number: 000-20949
MBNA AMERICA BANK, NATIONAL ASSOCIATION,
ON BEHALF OF
MBNA MASTER CREDIT CARD TRUST II
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
United States of America 51-0331-454
(STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
Wilmington, DE. 19884-0781
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
(800) 362-6255
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
None
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
MBNA Master Credit Card Trust II,
Series 1995-A, Series 1995-C, Series 1996-A, Series 1996-E, Series 1996-G, Series 1996-J, Series 1996-K, Series
1996-M, Series 1997-B, Series 1997-C, Series 1997-I, Series 1997-J, Series 1997-K, Series 1998-A, Series 1998-D,
Series 1999-B, Series 1999-D, Series 1999-G, Series 1999-H, Series 1999-J, Series 1999-M, Series 2000-A, Series
2000-E, Series 2000-I, Series 2000-L, Series 2001-A, and Series 2001-B.
Fixed and Floating Rate Asset Backed Certificates
INDICATE BY CHECK MARK WHETHER THE REGISTRANT HAS (1) FILED ALL REPORTS REQUIRED TO BE FILED BY SECTION 13 OR
15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE
REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS) AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENTS FOR THE PAST
90 DAYS.
Yes [X] No [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (ss.229.405 of
this chapter) is not contained herein, and will not be contained, tot he best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference in Part II of the Form 10-K or any amendment
to this form 10-K. |_|
Indicate by check mark whether the registrant is an accelerated filer (as defined in rule 12b-2 of the Act). Yes
|_| No |X|
State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by
reference to the price at which the common equity was last sold, or the average bid and asked price of such
common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.
Registrant has no voting stock or class of common stock outstanding as of the date of this report.
Registrant has not been involved in bankruptcy proceedings during the preceding five years.
Registrant is not reporting as a corporate issuer.
Documents incorporated by reference:
No documents are being incorporated by reference
INTRODUCTORY NOTE
-----------------
MBNA America Bank, National Association (the "Originator") is the originator, seller, and servicer under the
Pooling and Servicing Agreement (the "Agreement"), dated as of August 4, 1994, and the Series 1995-A, Series
1995-C, Series 1996-A, Series 1996-B, Series 1996-E, Series 1996-G, Series 1996-J, Series 1996-K, Series 1996-M,
Series 1997-B, Series 1997-C, Series 1997-I, Series 1997-J, Series 1997-K, Series 1998-A, Series 1998-C, Series
1998-D, Series 1998-E, Series 1998-F, Series 1998-G, Series 1998-J, Series 1999-A, Series 1999-B, Series 1999-D,
Series 1999-G, Series 1999-H, Series 1999-J, Series 1999-L, Series 1999-M, Series 2000-A, Series 2000-B, Series
2000-C, Series 2000-D, Series 2000-E, Series 2000-F, Series 2000-G, Series 2000-H, Series 2000-I, Series 2000-K,
Series 2000-L, Series 2001-A and Series 2001-B. Supplements dated as of March 22, 1995, June 29, 1995, February
28, 1996, March 26, 1996, May 21, 1996, July 17, 1996, September 19, 1996, October 24, 1996, November 26, 1996,
February 27, 1997, March 26, 1997, August 26, 1997, September 10, 1997, October 22, 1997, March 18, 1998, June
24, 1998, July 30, 1998, August 11, 1998, August 26, 1998, September 10, 1998, October 29, 1998, March 25, 1999,
March 26, 1999, June 3, 1999, July 29, 1999, August 18, 1999, September 23, 1999, November 5, 1999, December 1,
1999, March 8, 2000, March 28, 2000, April 13, 2000, May 11, 2000, June 1, 2000, June 23, 2000, July 20, 2000,
August 23, 2000, September 8, 2000, November 21, 2000, December 13, 2000, February 20, 2001, and March 8, 2001
respectively, by and between the Originator and the trustee, providing for the issuance of the MBNA Master Credit
Card Trust II, Series 1995-A, Series 1995-C, Series 1996-A, Series 1996-B, Series 1996-E, Series 1996-G, Series
1996-J, Series 1996-K, Series 1996-M, Series 1997-B, Series 1997-C, Series 1997-I, Series 1997-J, Series 1997-K,
Series 1998-A, Series 1998-C, Series 1998-D, Series 1998-E, Series 1998-F, Series 1998-G, Series 1998-J, Series
1999-A, Series 1999-B, Series 1999-D, Series 1999-G, Series 1999-H, Series 1999-J, Series 1999-L, Series 1999-M,
Series 2000-A, Series 2000-B, Series 2000-C, Series 2000-D, Series 2000-E, Series 2000-F, Series 2000-G, Series
2000-H, Series 2000-I, Series 2000-K, Series 2000-L, Series 2001-A, and Series 2001-B. Fixed and Floating Rate
Asset Backed Certificates (the "Certificates") and is the originator of the MBNA Master Credit Card Trust II (the
"Registrant"). The Certificates do not represent obligations of or interest in the Originator. The Originator
has made application pursuant to Section 12 (h) of the Securities Exchange Act of 1934 for an exemption from
certain reporting requirements. Pursuant to an Order of the Securities and Exchange Commission dated December
30, 1988 granting Originator's application, Originator is not required to respond to various items of Form 10-K.
Such items are designated herein as "Not Applicable".
PART I
------
Item 1. Business
- ------- --------
Not Applicable
Item 2. Properties
- ------- ----------
Not Applicable
Item 3. Legal Proceedings
- ------- -----------------
None
Item 4. Submission Of Matters To A Vote Of Security Holders.
- ------- ----------------------------------------------------
None
PART II
-------
Item 5. Market For Registrant's Common Equity
- ------- And Related Stockholder Matters.
--------------------------------
The Certificates representing investors' interests in the Trust
are represented by a single Certificate registered in the name of
Cede and Co., the nominee of The Depository Trust Company.
Item 6. Selected Financial Data
- ------- -----------------------
Not Applicable
Item 7. Management's Discussion and Analysis of Financial Condition and
- ------- Results of Operations
---------------------------------------------------------------
Not Applicable
Item 7A. Quantitative and Qualitative Disclosure About Market Risk
- -------- ---------------------------------------------------------
Not Applicable
Item 8. Financial Statements and Supplementary Data
- ------- -------------------------------------------
Not Applicable
Item 9. Changes In And Disagreements With Accountants On Accounting
- ------- And Financial Disclosure.
-----------------------------------------------------------
None
Item 10. Directors and Executive Officers of the Registrant
- -------- --------------------------------------------------
Not Applicable
Item 11. Executive Compensation
- -------- ----------------------
Not Applicable
PART III
--------
Item 12. Security Ownership Of Certain Beneficial Owners And Management
- -------- --------------------------------------------------------------
(a) The Certificates of each Series representing investors' interests in the Trust are represented by one or
more Certificates registered in the name of Cede and Co., the nominee of The Depository Trust Company ("DTC"), and
an investor holding an interest in the Trust is not entitled to receive a Certificate representing such interest
except in certain limited circumstances. Accordingly, Cede and Co. is the sole holder of record of Certificates,
which it held on behalf of brokers, dealers, banks and other direct participants in the DTC system at December
31, 2002. Such direct participants may hold Certificates for their own accounts or for the accounts of their
customers. At December 31, 2002, the following direct DTC participants held positions in Certificates
representing interests in the Trust equal to or exceeding 5% of the total principal amount of the Certificates of
each Series outstanding on that date. The information on DTC participants held positions is provided by DTC.
Aggregate
Amount of Percentage
Title Certificates Of
Class Name Held Ownership
- --------------- ---------------------------------------- ---------------- ------------
Series 1995-A
Class A
Bank of New York (The) $29,215,000 5.84%
Boston Safe Deposit and Trust Company 72,730,000 14.54%
Deutsche Bank Trust Company Americas 66,110,000 13.22%
JPMorgan Chase Bank 122,394,000 24.47%
JPMorgan Chase Bank/Greenwich Capital 27,000,000 5.40%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 30,211,000 6.04%
State Street Bank and Trust Company 75,340,000 15.06%
Class B Citibank, N.A. $8,000,000 30.92%
JPMorgan Chase Bank 7,875,000 30.43%
Mizuho Trust and Banking Co. (USA) 10,000,000 38.65%
Series 1995-C
Class A Bank of New York (The) $ 117,846,000 23.56%
Boston Safe Deposit and Trust Company 55,308,000 11.06%
Bank One Trust Company, N.A. 26,807,000 5.36%
JPMorgan Chase Bank 61,113,000 12.22%
State Street Bank and Trust Company 68,270,000 13.65%
Wachovia Bank N.A. - Phila. Main 26,350,000 5.27%
Class B Bank One Trust Company, N.A. $ 25,875,000 100.00%
Series 1996-A
Class A Bank of New York (The) $215,700,000 35.42%
Deutsche Bank Trust Company Americas 112,921,000 18.54%
JPMorgan Chase Bank 115,029,000 18.89%
State Street Bank and Trust Company 61,500,000 10.10%
Class B Citibank, N.A. $ 15,000,000 47.62%
Mizuho Trust and Banking Co. (USA) 16,500,000 52.38%
Series 1996-B
Class A Bank of New York (The) $ 92,865,000 21.35%
Citibank, N.A. 32,752,000 7.53%
Investors Bank and Trust - Institutional Custody 30,500,000 7.01%
JPMorgan Chase Bank 66,400,000 15.26%
Mizuho Trust and Banking Co. (USA) 25,000,000 5.75%
State Street Bank and Trust Company 40,730,000 9.36%
Wachovia Bank N.A. - Phila. Main 55,650,000 12.79%
Wells Fargo Bank Minnesota, N.A. 31,170,000 7.17%
Class B Goldman, Sachs and Co. $ 7,500,000 33.33%
SSB - Bank Portfolio 15,000,000 66.67%
Series 1996-E
Class A Deutsche Bank Trust Company Americas $ 92,924,000 14.58%
JPMorgan Chase Bank/Broker and Dealer Clearance Department 47,000,000 7.37%
JPMorgan Chase Bank 173,310,000 27.19%
JPMorgan Chase Bank/Greenwich Capital 38,979,000 6.11%
State Street Bank and Trust Company 177,195,000 27.80%
Class B Boston Safe Deposit and Trust Company 15,000,000 26.67%
Harris Trust and Savings Bank 5,000,000 8.89%
JPMorgan Chase Bank 31,450,000 55.91%
Series 1996-G
Class A Bank of New York (The) $ 96,750,000 22.76%
Barclays Capital Inc./Barclays Capital Inc. Fixed Income 37,500,000 8.82%
Boston Safe Deposit and Trust Company 75,500,000 17.76%
Citibank, N.A. 65,000,000 15.29%
JPMorgan Chase Bank 72,750,000 17.12%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 50,000,000 11.76%
Class B Boston Safe Deposit and Trust Company 5,000,000 13.33%
Deutsche Bank Trust Company Americas 5,000,000 13.33%
JPMorgan Chase Bank 5,000,000 13.33%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 17,500,000 46.68%
State Street Bank and Trust Company 5,000,000 13.33%
Series 1996-J Bank of New York (The) $ 36,785,000 4.33%
Class A Boston Safe Deposit and Trust Company $ 52,200,000 6.14%
Deutsche Bank Trust Company Americas 164,594,000 19.36%
JPMorgan Chase Bank 111,630,000 13.13%
JPMorgan Chase Bank/Greenwich Capital 181,350,000 21.34%
Prudential Securities Custody 78,545,000 9.24%
State Street Bank and Trust Company 118,255,000 13.91%
Class B JPMorgan Chase Bank $ 60,945,000 81.26%
State Street Bank and Trust Company 5,720,000 7.63%
Series 1996-K
Class A Bank of New York (The) $ 116,990,000 13.76%
Boston Safe Deposit and Trust Company 75,830,000 8.92%
Deutsche Bank Trust Company Americas 230,811,000 27.15%
HSBC Bank USA Omnibus 44,375,000 5.22%
JPMorgan Chase Bank 117,445,000 13.82%
Northern Trust Company (The) 67,000,000 7.88%
UBS AG 145,179,000 17.08%
Class B Boston Safe Deposit and Trust Company $ 20,000,000 26.67%
JPMorgan Chase Bank 50,000,000 66.67%
Series 1996-M
Class A Bank of New York (The) $ 68,420,000 16.10%
Boston Safe Deposit and Trust Company 51,480,000 12.11%
Citibank, N.A. 40,300,000 9.48%
JPMorgan Chase Bank 177,535,000 41.77%
State Street Bank and Trust Company 22,320,000 5.25%
Wells Fargo Bank Minnesota, N.A. 30,850,000 7.26%
Class B Boston Safe Deposit and Trust Company $ 11,250,000 30.00%
Deutsche Bank Trust Company Americas 15,750,000 42.00%
Bank of Tokyo-Mitsubishi Trust Company 10,500,000 28.00%
Series 1997-B
Class A Bank Of New York (The) $140,800,000 16.56%
DBTC Americas/Deutsche Bank Frankfurt 99,650,000 11.72%
JPMorgan Chase Bank 418,280,000 49.21%
JPMorgan Chase Bank/Correspondence Clearning Services 2 113,070,000 13.30%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 46,200,000 5.44%
Class B Deutsche Bank Trust Company Americas $ 50,800,000 67.74%
JPMorgan Chase Bank 10,000,000 13.33%
Morgan Stanley and Co. Incorporated 10,000,000 13.33%
Wells Fargo Bank Minnesota, N.A. 4,200,000 5.60%
Series 1997-C
Class A Boston Safe Deposit and Trust Company $137,600,000 21.58%
Deutsche Bank Trust Company Americas 58,000,000 9.10%
JPMorgan Chase Bank/Broker and Dealer Clearance Department 50,000,000 7.84%
JPMorgan Chase Bank 101,765,000 15.96%
Prudential Securities Custody 50,000,000 7.84%
State Street Bank and Trust Company 142,242,000 22.31%
Class B Bank of New York (The) $8,800,000 15.64%
Bank One Trust Company, N.A. 5,000,000 8.89%
Boston Safe Deposit and Trust Company 37,000,000 65.78%
JPMorgan Chase Bank 5,450,000 9.69%
Series 1997-I
Class A Bank of New York (The) $ 105,062,000 16.48%
Boston Safe Deposit and Trust Company 40,620,000 6.37%
Citibank, N.A. 77,735,000 12.19%
Deutsche Bank Trust Company Americas 58,060,000 9.11%
JPMorgan Chase Bank 129,418,000 20.30%
State Street Bank and Trust Company 33,892,000 5.32%
Class B JPMorgan Chase Bank $ 16,250,000 28.89%
Prudential Securities Custody 25,000,000 44.44%
State Street Bank and Trust Company 15,000,000 26.67%
Series 1997-J
Class A Bank of New York (The) $ 221,925,000 34.81%
Barclay's Capital,Inc. / Fixed Income 70,000,000 10.98%
Deutsche Bank Trust Company Americas 49,305,000 7.73%
JPMorgan Chase Bank 83,725,000 13.13%
State Street Bank and Trust Company 85,449,000 13.40%
Class B Boston Safe Deposit and Trust Company $ 36,250,000 64.44%
Citibank, N.A. 5,000,000 8.89%
JPMorgan Chase Bank 10,000,000 17.78%
Salomon Smith Barney Inc./Salomon Brothers 5,000,000 8.89%
Series 1997-K
Class A Bank of New York (The) $120,000,000 18.82%
Boston Safe Deposit and Trust Company 48,610,000 7.63%
Citibank, N.A. 50,000,000 7.84%
JPMorgan Chase Bank 143,065,000 22.44%
Northern Trust Company (The) 249,500,000 39.14%
Class B Barclays Capital Inc./Barclays Capital Inc. Fixed Income $ 5,000,000 8.89%
Citibank, N.A. 6,000,000 10.66%
Deutsche Bank Trust Company Americas 15,000,000 26.67%
JPMorgan Chase Bank 15,250,000 27.11%
State Street Bank and Trust Company 15,000,000 26.67%
Series 1998-A
Class A Deutsche Bank Trust Company Americas $115,845,000 18.17%
JPMorgan Chase Bank/Broker and Dealer Clearance Dept. 192,435,000 30.19%
JPMorgan Chase Bank 98,210,000 15.41%
State Street Bank and Trust Company 65,320,000 10.25%
Wachovia Bank N.A. 45,715,000 7.17%
Class B JPMorgan Chase Bank $ 56,250,000 100.00%
Series 1998-C
Class A Barclays Global Investors N.A./Investors Bank and Trust Co. $ 200,000,000 31.37%
Deutsche Bank Trust Company Americas 96,500,000 15.14%
JPMorgan Chase Bank/Broker and Dealer Clearance Dept. 140,000,000 21.96%
State Street Bank and Trust Company 134,300,000 21.07%
Class B Citibank, N.A. $7,500,000 13.33%
JPMorgan Chase Bank 46,750,000 83.11%
Series 1998-D
Class A Bank of New York (The) $ 77,015,000 16.21%
Citibank, N.A. 51,515,000 10.85%
Deutsche Bank Trust Company Americas 88,900,000 18.72%
JPMorgan Chase Bank 78,339,000 16.49%
State Street Bank and Trust Company 39,275,000 8.27%
Class B Bank of New York (The) $5,000,000 11.90%
Mizuho Trust and Banking Co. (USA) 10,000,000 23.81%
JPMorgan Chase Bank 15,000,000 35.72%
Bank One Trust Company, N.A. 12,000,000 28.57%
Series 1998-E
Class A Bank of New York (The) $479,575,000 63.94%
Citibank, N.A. 56,250,000 7.50%
JPMorgan Chase Bank 102,605,000 13.68%
U.S. Bank N.A. 86,000,000 11.47%
Class B Bank of New York (The) $ 9,500,000 14.35%
Bank of Tokyo-Mitsubishi Trust Company 20,000,000 30.21%
Citibank, N.A. 5,200,000 7.86%
JPMorgan Chase Bank 31,500,000 47.58%
Series 1998-F
Class A Bank of New York (The) $ 47,622,000 11.21%
Deutsche Bank Trust Company Americas 42,867,000 10.09%
Investors Bank and Trust/Institutional Custody 39,000,000 9.18%
JPMorgan Chase Bank 87,455,000 20.58%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 50,000,000 11.76%
State Street Bank and Trust Company 77,580,000 18.25%
Wells Fargo Bank Minnesota, N.A. 31,505,000 7.41%
Class B JPMorgan Chase Bank $ 37,500,000 100.00%
Series 1998-G
Class A Banc Of America Securities LLC $ 36,000 000 5.65%
Boston Safe Deposit and Trust Company 128,500,000 20.16%
Citibank, N.A. 44,000,000 6.90%
Deutsche Bank Trust Company Americas 69,000,000 10.82%
Goldman, Sachs and Co. 45,000,000 7.06%
JPMorgan Chase Bank 76,330,000 11.97%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 110,000,000 17.25%
U.S Bank N.A. 70,000,000 10.98%
Class B Bank of New York (The) $ 10,750,000 19.11%
Deutsche Bank Trust Company Americas 15,000,000 26.67%
JPMorgan Chase Bank 30,000,000 53.33%
Series 1998-J
Class A Bank of New York (The) $ 70,955,000 10.75%
Boston Safe Deposit and Trust Company 51,199,000 7.76%
Deutsche Bank Trust Company Americas 47,329,000 7.17%
JPMorgan Chase Bank 81,026,000 12.28%
State Street Bank and Trust Company 151,311,000 22.93%
Class B Boston Safe Deposit and Trust Company $ 7,500,000 16.67%
JPMorgan Chase Bank 10,000,000 22.22%
SSB - Bank Portfolio 26,000,000 57.78%
Series 1999-A
Class A Bank of New York (The) $ 199,000,000 46.82%
Deutsche Bank Trust Company Americas 130,000,000 30.59%
JPMorgan Chase Bank 40,500,000 9.53%
Class B Deutsche Bank Trust Company Americas $ 23,850,000 63.60%
JPMorgan Chase Bank 10,750,000 28.67%
Series 1999-B
Class A Bank of New York (The) $ 84,967,000 13.33%
Boston Safe Deposit and Trust Company 56,747,000 8.90%
Citibank, N.A. 47,475,000 7.45%
Deutsche Bank Trust Company Americas 40,765,000 6.39%
JPMorgan Chase Bank 151,130,000 23.71%
Northern Trust Company (The) 33,705,000 5.29%
State Street Bank and Trust Company 76,740,000 12.04%
Union Bank of California, N.A. 37,685,000 5.91%
Class B Boston Safe Deposit and Trust Company $10,000,000 17.78%
JPMorgan Chase Bank 26,250,000 46.67%
State Street Bank and Trust Company 15,000,000 26.67%
UMB Bank, National Association 4,000,000 7.11%
Series 1999-D
Class A Bank of New York (The) $ 30,000,000 7.06%
Citibank Dealer-Tax Exempt Operations 50,000,000 11.76%
Deutsche Bank Trust Company Americas 69,815,000 16.43%
JPMorgan Chase Bank 140,097,000 32.96%
U.S. Bank N.A. 50,875,000 11.97%
Wachovia Bank N.A. - Phila. Main 25,728,000 6.05%
Wells Fargo Bank Minnesota, N.A. 37,000,000 8.71%
Class B Bank of New York (The) $ 11,000,000 29.33%
JPMorgan Chase Bank 15,000,000 40.00%
SSB - Bank Portfolio 10,000,000 26.67%
Series 1999-G
Class A Bank of New York (The) $44,915,000 7.05%
Boston Safe Deposit and Trust Company 37,585,000 5.90%
Deutsche Bank Trust Company Americas 147,415,000 23.12%
Investors Bank and Trust Company 46,825,000 7.35%
JPMorgan Chase Bank 84,515,000 13.26%
State Street Bank and Trust Company 57,610,000 9.04%
Class B Bank of New York (The) $ 9,710,000 17.26%
JPMorgan Chase Bank 12,600,000 22.40%
Northern Trust Company (The) 2,850,000 5.07%
SSB - Bank Portfolio 25,760,000 45.80%
Series 1999-H
Class A Boston Safe Deposit and Trust Company $ 143,500,000 16.88%
Citibank, N.A. 222,666,000 26.20%
Deutsche Bank Trust Company Americas 50,000,000 5.88%
JPMorgan Chase Bank 49,400,000 5.81%
State Street Bank and Trust Company 381,390,000 44.87%
Class B Barclays Global Investors N.A./Investors Bank and Trust $ 10,000,000 13.33%
Boston Safe Deposit and Trust Company 12,200,000 16.27%
Bank of Tokyo-Mitsubishi Trust Company 15,000,000 20.00%
JPMorgan Chase Bank 10,000,000 13.33%
Mizuho Trust and Banking Co. (USA) 20,000,000 26.67%
State Street Bank and Trust Company 6,000,000 8.00%
Series 1999-J
Class A Bank of New York (The) $141,840,000 16.69%
Boston Safe Deposit and Trust Company 154,538,000 18.18%
Deutsche Bank Trust Company Americas 66,616,000 7.84%
JPMorgan Chase Bank 138,045,000 16.24%
State Street Bank and Trust Company 165,426,000 19.46%
Class B Bank of New York (The) $ 12,985,000 17.31%
Boston Safe Deposit and Trust Company 20,810,000 27.75%
CitiBank, N.A. 10,000,000 13.33%
JPMorgan Chase Bank 17,700,000 23.60%
State Street Bank and Trust Company 8,000,000 10.67%
Series 1999-L
Class A Bank of New York (The) $ 120,000,000 18.82%
Bank One Trust Company, N.A. 34,905,000 5.48%
Brown Brothers Harriman and Co. 41,000,000 6.43%
JPMorgan Chase Bank 256,000,000 40.16%
U.S. Bank N.A. 80,548,000 12.63%
Class B Deutsche Bank Trust Company Americas $ 36,250,000 64.44%
Mizuho Trust and Banking Co. (USA) 20,000,000 35.56%
Series 1999-M
Class A Bank of New York (The) $ 31,218,000 7.35%
Boston Safe Deposit and Trust Company 46,295,000 10.89%
Brown Brothers Harriman and Co. 38,500,000 9.06%
Deutsche Bank Trust Company Americas 48,175,000 11.34%
JPMorgan Chase Bank 121,210,000 28.52%
State Street Bank and Trust Company 69,195,000 16.28%
Wachovia Bank N.A. - Phila. Main 21,735,000 5.11%
Class B Citibank, N.A. $ 20,050,000 53.47%
JPMorgan Chase Bank 15,150,000 40.40%
SSB - Trust Custody 2,300,000 6.13%
Series 2000-A
Class A Bank of New York (The) $ 122,755,000 19.26%
Boston Safe Deposit and Trust Company 53,615,000 8.41%
Deutsche Bank Trust Company Americas 78,280,000 12.28%
JPMorgan Chase Bank 157,917,000 24.77%
State Street Bank and Trust Company 61,490,000 9.65%
Class B Bank of New York (The) $ 10,000,000 17.78%
Citibank, N.A. 5,000,000 8.89%
Deutsche Bank Trust Company Americas 5,500,000 9.78%
JPMorgan Chase Bank 24,100,000 42.84%
State Street Bank and Trust Company 10,650,000 18.93%
Series 2000-B
Class A Bank of New York (The) $ 186,813,000 29.30%
Barclays Global Investors N.A./Investors Bank and Trust 52,125,000 8.18%
CitiBank, N.A. 32,150,000 5.04%
Deutsche Bank Trust Company Americas 82,870,000 13.00%
JPMorgan Chase Bank 76,800,000 12.05%
Northern Trust Company (The) 45,280,000 7.10%
State Street Bank and Trust Company 125,835,000 19.74%
Class B Bank of New York (The) $ 3,000,000 5.33%
Deutsche Bank Trust Company Americas 23,750,000 42.22%
JPMorgan Chase Bank 27,000,000 48.00%
Series 2000-C
Class A Bank of New York (The) $ 80,360,000 6.30%
Boston Safe Deposit and Trust Company 258,945,000 20.31%
JPMorgan Chase Bank 418,235,000 32.80%
State Street Bank and Trust Company 375,900,000 29.48%
Class B Deutsche Bank Trust Company Americas $ 14,470,000 12.86%
JPMorgan Chase Bank 55,500,000 49.33%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 40,000,000 35.56%
Series 2000-D
Class A Banc of America Securities LLC $43,900,000 6.08%
Citibank, N.A. 121,250,000 16.78%
DBTC Americas/Sun Trust Bank 75,000,000 10.38%
JPMorgan Chase Bank 246,431,000 34.11%
State Street Bank and Trust Company 43,330,000 6.00%
U.S. Bank N.A. 57,710,000 7.99%
Class B JPMorgan Chase Bank $ 50,750,000 79.61%
Mizuho Trust and Banking Co. (USA) 13,000,000 20.39%
Series 2000-E
Class A Bank of New York (The) $ 50,330,000 10.07%
Boston Safe Deposit and Trust Company 124,940,000 24.99%
Deutsche Bank Trust Company Americas 32,060,000 6.41%
JPMorgan Chase Bank 69,390,000 13.88%
JPMorgan Chase Bank/Correspondence Clearing Services 2 30,000,000 6.00%
Northern Trust Company (The) 87,570,000 17.51%
State Street Bank and Trust Company 71,225,000 14.25%
Clase B Citibank, N.A. $ 23,750,000 52.78%
JPMorgan Chase Bank 21,250,000 47.22%
Series 2000-F
Class A Bank of Tokyo-Mitsubishi Trust Company $750,000,000 100.00%
Class B Bank of Tokyo-Mitsubishi Trust Company $ 33,000,000 49.85%
Deutsche Bank Trust Company Americas 33,200,000 50.15%
Series 2000-G
Class A Bank of New York (The) $60,000,000 9.41%
Boston Safe Deposit and Trust Company 145,000,000 22.75%
Citibank, N.A. 94,700,000 14.85%
State Street Bank and Trust Company 305,000,000 47.84%
Class B Boston Safe Deposit and Trust Company $ 10,000,000 17.78%
Bank of Tokyo-Mitsubishi Trust Company 17,000,000 30.22%
Deutsche Bank Trust Company Americas 10,000,000 17.78%
JPMorgan Chase Bank 19,000,000 33.78%
Series 2000-H
Class A Bank of New York (The) $ 81,500,000 13.70%
Citibank N.A. London (GATS) 37,500,000 6.30%
Citibank, N.A. 55,000,000 9.24%
Deutsche Bank Trust Company Americas 135,500,000 22.77%
JPMorgan Chase Bank 205,500,000 34.55%
JPMorgan Chase Bank/Correspondence Clearing Services 2 30,000,000 5.04%
U.S. Bank N.A. 50,000,000 8.40%
Class B BNY Clearing International Services Division $ 10,000,000 19.05%
JPMorgan Chase Bank 42,500,000 80.95%
Series 2000-I
Class A Bank of New York (The) $ 112,183,000 13.20%
Boston Safe Deposit and Trust Company 91,647,000 10.78%
Deutsche Bank Trust Company Americas 180,350,000 21.22%
JPMorgan Chase Bank 117,613,000 13.84%
Northern Trust Company (The) 69,223,000 8.14%
SSB - Trust Custody 46,402,000 5.46%
SSB - Bank Portfolio 50,850,000 5.98%
Class B Bank of New York (The) $ 75,000,000 100.00%
Series 2000-K
Class A Bank of New York (The) $ 90,104,000 14.13%
JPMorgan Chase Bank 55,000,000 8.63%
State Street Bank and Trust Company 391,049,000 61.34%
Class B Deutsche Bank Trust Company Americas $ 8,750,000 15.55%
JPMorgan Chase Bank 21,250,000 37.78%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 20,000,000 35.56%
Wells Fargo Bank Minnesota, N.A. 6,250,000 11.11%
Series 2000-L
Class A Bank of New York (The) $ 84,364,000 19.85%
Boston Safe Deposit and Trust Company 63,865,000 15.03%
Deutsche Bank Trust Company Americas 100,861,000 23.73%
JPMorgan Chase Bank 53,120,000 12.50%
Wachovia Bank N.A. - Phila. Main 51,165,000 12.04%
Class B JPMorgan Chase Bank $ 33,250,000 88.67%
LBI-Lehman Government Securities Inc. (LBI) 3,250,000 8.67%
Series 2001-A
Class A Bank of New York (The) $ 228,000,000 21.46%
Citibank Dealer-Tax Exempt Operations 63,800,000 6.00%
Deutsche Bank Securities Inc. 250,000,000 23.53%
JPMorgan Chase Bank 325,000,000 30.59%
State Street Bank and Trust Company 147,600,000 13.89%
Class B Boston Safe Deposit and Trust Company $ 28,000,000 29.87%
Merrill Lynch, Pierce Fenner and Smith Safekeeping 65,750,000 70.13%
Series 2001-B
Class A Bank of New York (The) $ 304,000,000 47.69%
DBTC Americas/Deutsche Bank Frankfurt 60,000,000 9.41%
JP Morgan Chase Bank 208,500,000 32.71%
U.S. Bank N.A. 37,850,000 5.94%
Class B Bank of New York (The) $ 5,000,000 8.89%
Deutsche Bank Trust Company Americas 31,250,000 55.56%
JP Morgan Chase Bank 20,000,000 35.55%
The address of each of the above participants is:
C/O The Depository Trust Company
55 Water Street
New York, NY 10041
(b) Not Applicable
(c) Not Applicable
Item 13. Certain Relationships and Related Transactions
- -------- ----------------------------------------------
None
Item 14. Controls and Procedures
- -------- ----------------------------------------------
Not Applicable
PART IV
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Item 15. Exhibits, Financial Statement Schedules, And Reports On Form 8-K
- -------- ----------------------------------------------------------------
(a) The following documents are filed as part of this Report:
3. Exhibits:
3.1 MBNA America Bank, N.A. Composite Articles of Association as amended through November 6, 2002.
3.2 MBNA America Bank, N.A. Composite Bylaws as amended through May 30,2002.
99.01 Annual Accountant's reports dated August 15, 2002 with respect to Series 1995-A, Series 1995-C, Series
1996-A, Series 1996-B, Series 1996-E, Series 1996-G, Series 1996-J, Series 1996-K, Series 1996-M, Series
1997-B, Series 1997-C, Series 1997-I, Series 1997-J, Series 1997-K, Series 1998-A, Series 1998-C, Series
1998-D, Series 1998-E, Series 1998-F, Series 1998-G, Series 1998-J, Series 1999-A, Series 1999-B, Series
1999-D, Series 1999-G, Series 1999-H, Series 1999-J, Series 1999-L, Series 1999-M, Series 2000-A, Series
2000-B, Series 2000-C, Series 2000-D, Series 2000-E, Series 2000-F, Series 2000-G, Series 2000-H, Series
2000-I, Series 2000-K, Series 2000-L, Series 2001-A, and Series 2001-B.
99.02 Annual Servicer's Certificate dated August 15, 2002 with respect to Series 1995-A, Series 1995-C, Series
1996-A, Series 1996-B, Series 1996-E, Series 1996-G, Series 1996-J, Series 1996-K, Series 1996-M, Series
1997-B, Series 1997-C, Series 1997-I, Series 1997-J, Series 1997-K, Series 1998-A, Series 1998-C, Series
1998-D, Series 1998-E, Series 1998-F, Series 1998-G, Series 1998-J, Series 1999-A, Series 1999-B, Series
1999-D, Series 1999-G, Series 1999-H, Series 1999-J, Series 1999-L, Series 1999-M, Series 2000-A, Series
2000-B, Series 2000-C, Series 2000-D, Series 2000-E, Series 2000-F, Series 2000-G, Series 2000-H, Series
2000-I, Series 2000-K, Series 2000-L, Series 2001-A, and Series 2001-B.
(b) Three reports on Form 8-K were filed by the registrant for each month during the quarter ended December 31,
2002. These reports filed on October 18, 2002, November 19, 2002, and December 17, 2002 included the
following:
Item 5. Other Events
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(c) See item 15(a) (3) above.
SIGNATURES
----------
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MBNA Master Credt Card TrustII (Registrant)
By: MBNA America Bank, National Association
As Servicer
Date: March 31, 2002 By: /s/ Douglas O. Hart
-------------------------------
Certification
I, Douglas O. Hart, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or
servicing reports filed in respect of periods included in the year covered by this annual report, of the MBNA
Credit Card Master Note Trust;
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading as of the last day of the period covered
by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the
servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in
these reports;
4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or
similar, agreement, and based upon my knowledge and the annual compliance review required under that agreement,
and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and
5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum
servicing standards based upon the report provided by an independent public accountant, after conducting a review
in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth
in the pooling and servicing, or similar, agreement, that is included in these reports.
Date: March 31, 2003
/s/ Douglas O. Hart
Douglas O. Hart
Senior Executive Vice President