======================================================================== ====== FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20529 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of Report: March 14, 1997 MBNA AMERICA BANK, NATIONAL ASSOCIATION on behalf of the MBNA MASTER CREDIT CARD TRUST II (Exact name of registrant as specified in its charter) United States 33-99324 51- 0331454 - ----------------- ----------------------------- ----------- - --- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) Wilmington, DE 19884-0781 - ------------------------------------------------------------------------ - ------ (Address of principal executive office) Registrant's telephone number, including area code (800) 362-6255. --------------- Item 2. ACQUISITION OR DISPOSITION OF ASSETS On February 4, 1997, MBNA America Bank, National Association (the "Seller") conveyed to the Trust all of the receivables (the "Receivables") in certain additional credit card accounts (the "Additional Accounts") of the Seller pursuant to an Assignment No. 11 of Receivables in Additional Accounts dated as of February 4, 1997, (the "Assignment"). The principal amount of the Receivables in the Additional Accounts on February 4, 1997, was $1,681,384,270.89. The Seller conveyed the Receivables in the Additional Accounts to the Trust pursuant to subsection 2.06(b) of the Pooling and Servicing Agreement. Item 5. OTHER EVENTS The following are filed as Exhibits to this Report under Exhibit 20: 20.1 Series 1994-A Certificateholders' Statement for the month ended February 28, 1997. 20.2 Series 1994-B Certificateholders' Statement for the month ended February 28, 1997. 20.3 Series 1994-C Certificateholders' Statement for the month ended February 28, 1997. 20.4 Series 1994-D Certificateholders' Statement for the month ended February 28, 1997. 20.5 Series 1995-A Certificateholders' Statement for the month ended February 28, 1997. 20.6 Series 1995-B Certificateholders' Statement for the month ended February 28, 1997. 20.7 Series 1995-C Certificateholders' Statement for the month ended February 28, 1997. 20.8 Series 1995-D Certificateholders' Statement for the month ended February 28, 1997. 20.9 Series 1995-E Certificateholders' Statement for the month ended February 28, 1997. 20.10 Series 1995-F Certificateholders' Statement for the month ended February 28, 1997. 20.11 Series 1995-I Certificateholders' Statement for the month ended February 28, 1997. 20.12 Series 1995-J Certificateholders' Statement for the month ended February 28, 1997. 20.13 Series 1996-A Certificateholders' Statement for the month ended February 28, 1997. 20.14 Series 1996-B Certificateholders' Statement for the month ended February 28, 1997. 20.15 Series 1996-C Certificateholders' Statement for the month ended February 28, 1997. 20.16 Series 1996-D Certificateholders' Statement for the month ended February 28, 1997. 20.17 Series 1996-E Certificateholders' Statement for the month ended February 28, 1997. 20.18 Series 1996-G Certificateholders' Statement for the month ended February 28, 1997. 20.19 Series 1996-H Certificateholders' Statement for the month ended February 28, 1997. 20.20 Series 1996-J Certificateholders' Statement for the month ended February 28, 1997. 20.21 Series 1996-K Certificateholders' Statement for the month ended February 28, 1997. 20.22 Series 1996-L Certificateholders' Statement for the month ended February 28, 1997. 20.23 Series 1996-M Certificateholders' Statement for the month ended February 28, 1997. Item 5. OTHER EVENTS The following are filed as Exhibits to this Report under Exhibit 99: 99.1. Series 1994-A Key Performance Factors for the month ended February 28, 1997. 99.2. Series 1994-B Key Performance Factors for the month ended February 28, 1997. 99.3. Series 1994-C Key Performance Factors for the month ended February 28, 1997. 99.4. Series 1994-D Key Performance Factors for the month ended February 28, 1997. 99.5. Series 1995-A Key Performance Factors for the month ended February 28, 1997. 99.6. Series 1995-B Key Performance Factors for the month ended February 28, 1997. 99.7. Series 1995-C Key Performance Factors for the month ended February 28, 1997. 99.8. Series 1995-D Key Performance Factors for the month ended February 28, 1997. 99.9. Series 1995-E Key Performance Factors for the month ended February 28, 1997. 99.10. Series 1995-F Key Performance Factors for the month ended February 28, 1997. 99.11. Series 1995-I Key Performance Factors for the month ended February 28, 1997. 99.12. Series 1995-J Key Performance Factors for the month ended February 28, 1997. 99.13. Series 1996-A Key Performance Factors for the month ended February 28, 1997. 99.14. Series 1996-B Key Performance Factors for the month ended February 28, 1997. 99.15. Series 1996-C Key Performance Factors for the month ended February 28, 1997. 99.16. Series 1996-D Key Performance Factors for the month ended February 28, 1997. 99.17. Series 1996-E Key Performance Factors for the month ended February 28, 1997. 99.18. Series 1996-G Key Performance Factors for the month ended February 28, 1997. 99.19. Series 1996-H Key Performance Factors for the month ended February 28, 1997. 99.20. Series 1996-J Key Performance Factors for the month ended February 28, 1997. 99.21. Series 1996-K Key Performance Factors for the month ended February 28, 1997. 99.22. Series 1996-L Key Performance Factors for the month ended February 28, 1997. 99.23. Series 1996-M Key Performance Factors for the month ended February 28, 1997. SIGNATURES Pursuant to the requirements 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. Dated: March 14, 1997 MBNA AMERICA BANK, NATIONAL ASSOCIATION By: Marguerite M. Boylan ---------------------------------- Name: Marguerite M. Boylan Title: Vice President EX-20.1 2 CLASS A CUSIP 55262T AA1 Exhibit 20.1 CLASS B CUSIP 55262T AB9 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1994-A MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $ 0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $ 0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $ 0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $ 4.205625 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $ 0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $ 0.000000 ---------------- 7. The amount of distribution in respect of Class B Monthly Interest $ 4.355625 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $ 0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $ 0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $ 4.471207 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $ 0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $71,418,196.04 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $3,694,044.07 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $6,977,639.78 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1994-A as of the end of the day on the last day of the related Monthly Period $760,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1994-A as of the end of the day on the last day of the related Monthly Period $760,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $661,200,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $661,200,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $34,200,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $64,600,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 3.27% February 4, 1997 through February 28, 1997 3.06% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $2,768,484.12 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $2,408,581.18 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $124,581.79 ----------------- (d) The Collateral Default Amount for the related Monthly Period $235,321.15 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $688,750.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $35,625.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $67,291.67 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $64,600,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $34,200,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $8,864,023.66 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $458,483.88 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $866,025.27 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $9,277,273.66 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $479,858.88 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $906,400.27 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.40% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: Class A and Class B determination - 5.43750% ----------- Collateral Interest determination - 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.2 3 CLASS A CUSIP 55262T AC7 Exhibit 20.2 CLASS B CUSIP 55262T AD5 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1994-B MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.159724 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.340625 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.471149 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $93,971,308.67 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $4,860,583.89 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $9,181,105.24 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1994-B as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1994-B as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $870,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $870,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $45,000,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $85,000,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 4.30% February 4, 1997 through February 28, 1997 4.03% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $3,642,742.14 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $3,169,185.70 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $163,923.35 ----------------- (d) The Collateral Default Amount for the related Monthly Period $309,633.09 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $906,250.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $46,875.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $88,541.67 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $85,000,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $45,000,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date after taking into account deposits on such date prior to withdrawals $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date. $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $11,663,188.80 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $603,268.31 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,139,506.98 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, any Principal Investment Proceeds and amounts, if any, withdrawn from the Reserve Account and the Net Swap Receipt, if any, allocated in respect of the Class A Certificates $12,206,938.80 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $631,393.31 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $1,192,631.98 ----------------- 11. Swap Cash Flows (a) The amount of the Net Swap Receipt for the related Transfer Date $ 0.00 ----------------- (b) The amount of the Net Swap Payment for the related Transfer Date $16,692.20 ----------------- 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.42% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: Class B determination - 5.43750% ----------- Collateral Interest determination - 5.42188% ----------- The weighted average of the Treasury Bill Rates for the Interest Period: February 18, 1997 through March 16, 1997 5.17333% ---------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.3 4 CLASS A CUSIP 55262T AE3 Exhibit 20.3 CLASS B CUSIP 55262T AF0 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1994-C MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.265625 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.415625 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.557911 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $93,971,308.67 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $4,860,583.89 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $9,181,105.24 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1994-C as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1994-C as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $870,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $870,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $45,000,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $85,000,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 4.30% February 4, 1997 through February 28, 1997 4.03% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $3,642,742.14 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $3,169,185.70 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $163,923.35 ----------------- (d) The Collateral Default Amount for the related Monthly Period $309,633.09 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $906,250.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $46,875.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $88,541.67 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $85,000,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $45,000,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $11,663,188.80 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $603,268.31 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,139,506.98 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $12,206,938.80 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $631,393.31 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $1,192,631.98 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.31% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: Class A and Class B determination - 5.43750% --------- Collateral Interest determination - 5.42188% --------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.4 5 CLASS A CUSIP 55262T AG8 Exhibit 20.4 CLASS B CUSIP 55262T AH6 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1994-D MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $ 0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $ 4.151948 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $ 4.340625 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $ 4.447770 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $93,971,308.67 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $4,860,583.89 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $9,181,105.24 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1994-D as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1994-D as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $870,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $870,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $45,000,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $85,000,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 4.30% February 4, 1997 through February 28, 1997 4.03% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $3,642,742.14 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $3,169,185.70 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $163,923.35 ----------------- (d) The Collateral Default Amount for the related Monthly Period $309,633.09 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ---------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $906,250.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $46,875.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $88,541.67 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $85,000,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $45,000,000.00 ----------------- 8. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $12,206,938.80 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $631,393.31 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $1,192,631.98 ----------------- 9. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ---------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $11,663,188.80 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $603,268.31 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,139,506.98 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.51% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: Class B determination - 5.43750% ----------- Collateral Interest determination - 5.42188% ----------- The average of the Federal Funds Rates for the Interest Period: February 18, 1997 through March 16, 1997 5.20593% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.5 6 CLASS A CUSIP 55262T AJ2 Exhibit 20.5 CLASS B CUSIP 55262T AK9 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-A MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.268910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.403910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.596598 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $54,033,502.70 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $2,794,837.23 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $5,279,136.35 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-A as of the end of the day on the last day of the related Monthly Period $575,000,000.00 ---------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-A as of the end of the day on the last day of the related Monthly Period $575,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $500,250,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $500,250,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $25,875,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $48,875,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.47% February 4, 1997 through February 28, 1997 2.32% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $2,094,576.82 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,822,281.82 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $94,255.95 ----------------- (d) The Collateral Default Amount for the related Monthly Period $178,039.05 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $521,093.75 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $26,953.13 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $50,911.45 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $48,875,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $25,875,000.00 ----------------- 8. Collection of Finance Charge Receivables (a) The Aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, any Principal Funding Investment Procees and amounts, if any, withdrawn from the Reserve Account allocated in respect of the Class A Certificates $7,018,989.88 ----------------- (b) The Aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $363,051.32 ----------------- (c) The Aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $685,763.58 ----------------- 9. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $6,706,333.63 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $346,879.44 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $655,216.71 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.31% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% - --------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.6 7 CLASS A CUSIP 55262T AL7 Exhibit 20.6 CLASS B CUSIP 55262T AM5 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-B MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.186410 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.306410 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.447476 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $70,478,482.86 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $3,645,438.23 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $6,885,828.89 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-B as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-B as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $652,500,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $652,500,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $33,750,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $63,750,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 3.23% February 4, 1997 through February 28, 1997 3.02% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $2,732,056.63 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $2,376,889.31 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $122,942.50 ----------------- (d) The Collateral Default Amount for the related Monthly Period $232,224.82 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $679,687.50 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $35,156.25 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $66,406.25 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $63,750,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $33,750,000.00 ----------------- 8. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, any Principal Investment Proceeds and amounts, if any, withdrawn from the Reserve Account and the Net Swap Receipt, if any, allocated in respect of the Class A Certificates $9,155,204.29 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $473,544.91 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $894,474.04 ----------------- 9. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date after taking into account deposits on such date prior to withdrawals $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date. $ 0.00 ----------------- 10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $8,747,391.79 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $452,451.16 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $854,630.29 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.42% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% - ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.7 8 CLASS A CUSIP 55262T AN3 Exhibit 20.7 CLASS B CUSIP 55262T AP8 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-C MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $5.375000 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.381410 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.596393 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $54,033,502.70 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $2,794,837.23 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $5,279,136.35 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-C as of the end of the day on the last day of the related Monthly Period $575,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-C as of the end of the day on the last day of the related Monthly Period $575,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $500,250,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $500,250,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $25,875,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $48,875,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.47% February 4, 1997 through February 28, 1997 2.32% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $2,094,576.82 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,822,281.82 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $94,255.95 ----------------- (d) The Collateral Default Amount for the related Monthly Period $178,039.05 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $521,093.75 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $26,953.13 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $50,911.45 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $48,875,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $25,875,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date after taking into account deposits on such date prior to withdrawals $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $7,288,544.59 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $346,879.44 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $655,216.71 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, any Principal Investment Proceeds and amounts, if any, withdrawn from the Reserve Account and the Net Swap Receipt, if any, allocated in respect of the Class A Certificates $7,601,200.84 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $363,051.32 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $685,763.58 ----------------- 11. Swap Cash Flows (a) The amount of the Net Swap Receipt for the related Transfer Date $582,210.96 ----------------- (b) The amount of the Net Swap Payment for the related Transfer Date $ 0.00 ----------------- 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.37% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% - ----------- D. Information regarding the status of the Interest Rate Swap and the Swap Counterparty 1. The Mark-to-Market Amount, if any, for the related Monthly Period. $ N/A ---------------- 2. Has the Interest Reserve Account been established? No ------ 3. Has the Interest Reserve Account been funded? No ------ 4. The aggregate amount of funds withdrawn from the Interest Reserve Account, if any $ 0.00 ---------------- 5. How many funds withdrawn from the Interest Reserve Account were utilized? none 6. Has the Interest Rate Swap been Terminated? No ------- 7. Long Term Credit Rating of the Swap Counterparty AAA/Aaa ------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.8 9 CLASS A CUSIP 55262T AQ6 Exhibit 20.8 CLASS B CUSIP 55262T AR4 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-D MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $5.041667 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.283910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.450049 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $46,985,654.34 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $2,430,292.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,590,552.58 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-D as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-D as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $22,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $42,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.08 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,584,592.85 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $81,961.67 ----------------- (d) The Collateral Default Amount for the related Monthly Period $154,816.56 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $453,125.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $23,437.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $44,270.83 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $42,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $22,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date after taking into account deposits on such date prior to withdrawals $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date. $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $6,233,319.78 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $301,634.13 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $569,753.52 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, any Principal Investment Proceeds and amounts, if any, withdrawn from the Reserve Account and the Net Swap Receipt, if any, allocated in respect of the Class A Certificates $6,505,194.78 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $315,696.63 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $596,316.02 ----------------- 11. Swap Cash Flows (a) The amount of the Net Swap Receipt for the related Transfer Date $401,725.40 ----------------- (b) The amount of the Net Swap Payment for the related Transfer Date $ 0.00 ----------------- 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.51% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% - ----------- D. Information regarding the status of the Interest Rate Swap and the Swap Counterparty 1. The Mark-to-Market Amount, if any, for the related Monthly Period. $ N/A ---------------- 2. Has the Interest Reserve Account been established? No ------ 3. Has the Interest Reserve Account been funded? No ------ 4. The aggregate amount of funds withdrawn from the Interest Reserve Account, if any $ 0.00 ---------------- 5. How any funds withdrawn from the Interest Reserve Account were utilized? none 6. Has the Interest Rate Swap been Terminated? No ------- 7. Long Term Credit Rating of the Swap Counterparty AAA/Aaa ------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.9 10 CLASS A CUSIP 55262T AS2 Exhibit 20.9 CLASS B CUSIP 55262T AT0 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-E MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.231410 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.306410 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.521147 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $46,985,654.34 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $2,430,292.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,590,552.58 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-E as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-E as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $22,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $42,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.08 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,584,592.85 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $81,961.67 ----------------- (d) The Collateral Default Amount for the related Monthly Period $154,816.56 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $453,125.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $23,437.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $44,270.83 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $42,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $22,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $5,831,594.38 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $301,634.13 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $569,753.52 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $6,103,469.38 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $315,696.63 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $596,316.02 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.36% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.10 11 CLASS A CUSIP 55262T AU7 Exhibit 20.10 CLASS B CUSIP 55262T AV5 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-F MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $5.500000 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $5.625000 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.394778 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $ 49,145,915.17 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $ 2,025,245.08 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $ 2,835,341.56 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-F as of the end of the day on the last day of the related Monthly Period $ 500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-F as of the end of the day on the last day of the related Monthly Period $ 500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $ 455,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $ 455,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $ 18,750,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $ 26,250,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.910000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly Period 0.037500 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.052500 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.18 ------------------ (b) The Class A Investor Default Amount for the related Monthly Period $1,657,447.72 ------------------ (c) The Class B Investor Default Amount for the related Monthly Period $68,301.44 ------------------ (d) The Collateral Default Amount for the related Monthly Period $95,622.02 ------------------ 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ------------------ (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ------------------ (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ------------------ (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ------------------ (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ------------------ (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ------------------ (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ------------------ (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ------------------ (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ------------------ (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ------------------ (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ------------------ 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $473,958.33 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $19,531.25 ------------------ (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $27,343.75 ------------------ 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ------------------ (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ------------------ (c) The Collateral Interest as of the close of business on this Distribution Date $26,250,000.00 ------------------ (d) The Class B Investor Interest as of the close of business on this Distribution Date $18,750,000.00 ------------------ 8. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, any Principal Investment Proceeds and amounts, if any, withdrawn from the Reserve Account allocated in respect of the Class A Certificates $6,384,088.76 ------------------ (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $263,080.77 ------------------ (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $368,312.82 ------------------ 9. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date after taking into account deposits on such date prior to withdrawals $ 0.00 ------------------ (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ------------------ (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ------------------ (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date. $ 0.00 ------------------ 10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $6,099,713.76 ------------------ (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $251,362.02 ------------------ (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $351,906.57 ------------------ 11. Swap Cash Flows (a) The amount of the Net Swap Receipt for the related Transfer Date $649,551.39 ------------------ (b) The amount of the Net Swap Payment for the related Transfer Date $ 0.00 ------------------ 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 3.61% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period Collateral Interest Determination February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.11 12 CLASS A CUSIP 55262T AW3 Exhibit 20.11 CLASS B CUSIP 55262T AX1 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-I MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.193910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.268910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.379156 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $70,478,482.86 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $3,645,438.23 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $6,885,828.89 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-I as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-I as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $652,500,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $652,500,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $33,750,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $63,750,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 3.23% February 4, 1997 through February 28, 1997 3.02% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $2,732,056.63 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $2,376,889.31 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $122,942.50 ----------------- (d) The Collateral Default Amount for the related Monthly Period $232,224.82 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $679,687.50 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $35,156.25 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $66,406.25 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $468,750.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $63,750,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $33,750,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $8,747,391.79 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $452,451.16 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $854,630.29 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $9,155,204.29 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $473,544.91 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $894,474.04 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.42% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.12 13 CLASS A CUSIP 55262T AY9 Exhibit 20.12 CLASS B CUSIP 55262T AZ6 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1995-J MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.238910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.328910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.508110 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $46,985,654.34 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $2,430,292.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,590,552.58 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1995-J as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1995-J as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $22,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $42,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.08 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,584,592.85 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $81,961.67 ----------------- (d) The Collateral Default Amount for the related Monthly Period $154,816.56 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $453,125.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $23,437.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $44,270.83 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $312,500.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $42,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $22,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $5,831,594.38 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $301,634.13 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $569,753.52 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $6,103,469.38 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $315,696.63 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $596,316.02 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.35% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.13 14 CLASS A CUSIP 55262T BA0 Exhibit 20.13 CLASS B CUSIP 55262T BB8 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-A MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.223910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.321410 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.412770 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $65,779,915.74 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $3,402,410.31 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $6,426,774.70 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-A as of the end of the day on the last day of the related Monthly Period $700,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-A as of the end of the day on the last day of the related Monthly Period $700,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $609,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $609,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $31,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $59,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 3.01% February 4, 1997 through February 28, 19972.82% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $2,549,919.59 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $2,218,429.99 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $114,746.41 ----------------- (d) The Collateral Default Amount for the related Monthly Period $216,743.19 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $634,375.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $32,812.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $61,979.17 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $437,500.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $59,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $31,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $8,164,232.11 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $422,287.90 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $797,655.05 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $8,544,857.11 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $441,975.40 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $834,842.55 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.38% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.14 15 CLASS A CUSIP 55262T BC6 Exhibit 20.14 CLASS B CUSIP 55262T BD4 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-B MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.261410 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.343910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.594920 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $46,985,654.34 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $2,430,292.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,590,552.58 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-B as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-B as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $22,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $42,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.08 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,584,592.85 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $81,961.67 ----------------- (d) The Collateral Default Amount for the related Monthly Period $154,816.56 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $453,125.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $23,437.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $44,270.83 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $312,500.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $42,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $22,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $5,831,594.38 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $301,634.13 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $569,753.52 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $6,103,469.38 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $315,696.63 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $596,316.02 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.32% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.15 16 CLASS A CUSIP 55262T BE2 Exhibit 20.15 CLASS B CUSIP 55262T BF9 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-C MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.171410 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.276410 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.452847 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $46,985,654.34 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $2,430,292.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,590,552.58 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-C as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-C as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $435,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $22,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $42,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.870000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.045000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.085000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.08 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,584,592.85 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $81,961.67 ----------------- (d) The Collateral Default Amount for the related Monthly Period $154,816.56 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $453,125.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $23,437.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $44,270.83 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $312,500.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $42,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $22,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $5,831,594.38 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $301,634.13 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $569,753.52 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $6,103,469.38 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $315,696.63 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $596,316.02 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.44% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.16 17 CLASS A CUSIP 55262T BG7 Exhibit 20.16 CLASS B CUSIP 55262T BH5 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-D MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.178910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.283910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.403910 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $91,811,050.61 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $8,100,975.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $8,100,975.01 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-D as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-D as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $850,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $850,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $75,000,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $75,000,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 4.30% February 4, 1997 through February 28, 1997 4.03% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $3,642,742.22 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $3,096,330.90 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $273,205.66 ----------------- (d) The Collateral Default Amount for the related Monthly Period $273,205.66 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $885,416.67 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $78,125.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $78,125.00 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $625,000.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $75,000,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $75,000,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $11,395,069.74 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,005,447.26 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,005,447.26 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $11,926,319.74 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $1,052,322.26 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $1,052,322.26 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.44% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.17 18 CLASS A CUSIP 55262T BJ1 Exhibit 20.17 CLASS B CUSIP 55262T BK8 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-E MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.193910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.298910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.488493 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $68,858,287.30 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $6,075,732.30 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $6,075,732.30 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-E as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-E as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $637,500,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $637,500,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $56,250,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $56,250,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 3.23% February 4, 1997 through February 28, 1997 3.02% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly period 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $ 2,732,056.74 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $2,322,248.18 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $204,904.28 ----------------- (d) The Collateral Default Amount for the related Monthly Period $204,904.28 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $664,062.50 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $58,593.75 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $58,593.75 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $468,750.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $56,250,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $56,250,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The amount of all or the portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $8,546,302.28 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $754,085.72 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $754,085.72 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $8,944,739.78 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $789,241.97 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $789,241.97 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.41% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: Class A and Class B determination - 5.42188% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.18 19 CLASS A CUSIP 55262T BL6 Exhibit 20.18 CLASS B CUSIP 55262T BM4 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-G MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.201410 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.328910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.778596 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $45,905,524.15 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $4,050,487.55 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,050,487.55 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-G as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-G as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $425,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $425,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $37,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $37,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.05 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,548,165.43 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $136,602.81 ----------------- (d) The Collateral Default Amount for the related Monthly Period $136,602.81 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $442,708.33 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $39,062.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $39,062.50 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $312,500.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $37,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $37,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The Principal Funding Investment Shortfall deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $5,697,534.58 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $502,723.69 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $502,723.69 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $5,963,159.58 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $526,161.19 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $526,161.19 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.39% ------- C. Floating Rate Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: 5.42188% - ----------- Collateral Interest Determination for the Interest Period of February 14, 1997 to March 14, 1997: 5.41797% - ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.19 20 CLASS A CUSIP 55262TBN2 Exhibit 20.19 CLASS B CUSIP 55262TBP7 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-H MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution to Certificateholders (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Collateral Monthly Interest $4.602866 ----------------- 5. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the current Monthly Accumulation into the Interest Funding Account (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of the current monthly accumulation in respect of Class A Monthly Interest $4.202933 ----------------- 2. The amount of the current monthly accumulation in respect of Class A Deficiency Amounts $0.000000 ----------------- 3. The amount of the current monthly accumulation in respect of Class A Additional Interest $0.000000 ---------------- 4. The amount of the current monthly accumulation in respect of Class B Monthly Interest $4.330433 ----------------- 5. The amount of the current monthly accumulation in respect of Class B Deficiency Amounts $ 0.000000 ----------------- 6. The amount of the current monthly accumulation in respect of Class B Additional Interest $0.000000 ----------------- C. Information Regarding the Current Quarterly Interest Distribution 1. The total amount of distribution from the Interest Funding Account $ 0.00 ----------------- 2. The amount of the current quarterly interest distribution in respect of Class A $ 0.00 ----------------- 3. The amount of the current quarterly interest distribution in respect of Class A set forth in 2 above per $1,000 of original certificate principal amount $ 0.000000 ----------------- 4. The amount of the current quarterly interest distribution in respect of Class B $ 0.00 ----------------- 5. The amount of the current quarterly interest distribution in respect of Class B set forth in 4 above per $1,000 of original certificate principal amount $ 0.000000 ----------------- D. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $110,173,258.88 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $9,721,170.43 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $9,721,170.43 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-H as of the end of the day on the last day of the related Monthly Period $1,200,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-H as of the end of the day on the last day of the related Monthly Period $1,200,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $1,020,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $1,020,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $90,000,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $90,000,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 5.16% February 4, 1997 through February 28, 1997 4.83% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly period 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $4,371,290.73 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $3,715,597.05 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $327,846.84 ----------------- (d) The Collateral Default Amount for the related Monthly Period $327,846.84 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $1,062,500.00 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $93,750.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $93,750.00 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $750,000.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $90,000,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $90,000,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The amount of all or the portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Interest Funding Account (a) The aggregate amount on deposit in the Interest Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $4,676,730.08 ----------------- (b) The aggregate amount deposited into the Interest Funding Account with respect to the Class A Certificates on the related Transfer Date $4,286,991.15 ----------------- (c) The aggregate amount deposited into the Interest Funding Account with respect to the Class B Certificates on the related Transfer Date $389,738.93 ----------------- (d) The Interest Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $13,674,083.39 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,206,536.96 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,206,536.96 ----------------- 11. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $14,311,583.39 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $1,262,786.96 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $1,262,786.96 ----------------- 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield 4.51% ------- E. LIBOR Determinations LIBOR rates for the related Interest Period: Class A and Class B determination - 5.50391% ----------- Collateral Interest determination - 5.41797% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.20 21 CLASS A CUSIP 55262T BR3 Exhibit 20.20 CLASS B CUSIP 55262T BS1 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-J MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.178910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.336410 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.641754 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $91,811,050.61 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $8,100,975.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $8,100,975.01 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-J as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-J as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $850,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $850,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $75,000,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $75,000,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 4.30% February 4, 1997 through February 28, 1997 4.03% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly period 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $ 3,642,742.22 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $3,096,330.90 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $273,205.66 ----------------- (d) The Collateral Default Amount for the related Monthly Period $273,205.66 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $885,416.67 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $78,125.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $78,125.00 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $625,000.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $75,000,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $75,000,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The amount of all or the portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $11,395,069.74 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,005,447.26 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,005,447.26 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $11,926,319.74 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $1,052,322.26 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $1,052,322.26 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% -------- (b) The Portfolio Adjusted Yield 4.43% -------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: Class A and Class B determination - 5.42188% ----------- February 14, 1997 to March 14, 1997: Collateral Interest determination - 5.41797% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.21 22 CLASS A CUSIP 55262T BT9 Exhibit 20.21 CLASS B CUSIP 55262T BU6 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-K MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.163910 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.328910 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $4.680643 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $91,811,050.61 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $8,100,975.01 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $8,100,975.01 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-K as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-K as of the end of the day on the last day of the related Monthly Period $1,000,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $850,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $850,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $75,000,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly Period $75,000,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 4.30% February 4, 1997 through February 28, 1997 4.03% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $ 3,642,742.22 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $3,096,330.90 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $273,205.66 ----------------- (d) The Collateral Default Amount for the related Monthly Period $273,205.66 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $885,416.67 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $78,125.00 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $78,125.00 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $625,000.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $75,000,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $75,000,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The amount of all or the portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $11,395,069.74 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,005,447.26 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $1,005,447.26 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $11,926,319.74 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $1,052,322.26 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $1,052,322.26 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% -------- (b) The Portfolio Adjusted Yield 4.44% -------- C. LIBOR Determinations LIBOR rates for the Interest Period of February 18, 1997 through March 16, 1997: Class A and Class B determination - 5.42188% ----------- February 14, 1997 to March 14, 1997: Collateral Interest determination - 5.41797% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.22 23 CLASS A CUSIP 55262TBX0 Exhibit 20.22 CLASS B CUSIP 55262TBY8 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-L MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution to Certificateholders (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Collateral Monthly Interest $4.570718 ----------------- 5. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the current Monthly Accumulation into the Interest Funding Account (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of the current monthly accumulation in respect of Class A Monthly Interest $4.150432 ----------------- 2. The amount of the current monthly accumulation in respect of Class A Deficiency Amounts $0.000000 ----------------- 3. The amount of the current monthly accumulation in respect of Class A Additional Interest $0.000000 ---------------- 4. The amount of the current monthly accumulation in respect of Class B Monthly Interest $4.307933 ----------------- 5. The amount of the current monthly accumulation in respect of Class B Deficiency Amounts $ 0.000000 ----------------- 6. The amount of the current monthly accumulation in respect of Class B Additional Interest $0.000000 ----------------- C. Information Regarding the Current Quarterly Interest Distribution 1. The total amount of distribution from the Interest Funding Account $ 0.00 ----------------- 2. The amount of the current quarterly interest distribution in respect of Class A $ 0.00 ----------------- 3. The amount of the current quarterly interest distribution in respect of Class A set forth in 2 above per $1,000 of original certificate principal amount $ 0.000000 ----------------- 4. The amount of the current quarterly interest distribution in respect of Class B $ 0.00 ----------------- 5. The amount of the current quarterly interest distribution in respect of Class B set forth in 4 above per $1,000 of original certificate principal amount $ 0.000000 ----------------- D. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $45,905,524.15 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $4,050,487.55 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,050,487.55 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-L as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-L as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $425,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $425,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $37,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $37,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly period 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.05 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,548,165.43 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $136,602.81 ----------------- (d) The Collateral Default Amount for the related Monthly Period $136,602.81 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ---------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ---------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $442,708.33 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $39,062.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $39,062.50 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $312,500.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $37,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $37,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The amount of all or the portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Interest Funding Account (a) The aggregate amount on deposit in the Interest Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $1,925,481.28 ----------------- (b) The aggregate amount deposited into the Interest Funding Account with respect to the Class A Certificates on the related Transfer Date $1,763,933.81 ----------------- (c) The aggregate amount deposited into the Interest Funding Account with respect to the Class B Certificates on the related Transfer Date $161,547.47 ----------------- (d) The Interest Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $5,697,534.58 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $502,723.69 ---------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $502,723.69 ----------------- 11. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $5,963,159.58 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $526,161.19 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $526,161.19 ----------------- 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield N/A ------- E. LIBOR Determinations LIBOR rates for the related Interest Period: Class A and Class B determination - 5.50391% ----------- Collateral Interest determination - 5.41797% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-20.23 24 CLASS A CUSIP 55262TBV4 Exhibit 20.23 CLASS B CUSIP 55262TBW2 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-M MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING FEBRUARY 28, 1997 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 1997, and with respect to the performance of the trust during the month of February, 1997 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution to Certificateholders (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Collateral Monthly Interest $4.763088 ----------------- 5. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the current Monthly Accumulation into the Interest Funding Account (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of the current monthly accumulation in respect of Class A Monthly Interest $4.225432 ----------------- 2. The amount of the current monthly accumulation in respect of Class A Deficiency Amounts $0.000000 ----------------- 3. The amount of the current monthly accumulation in respect of Class A Additional Interest $0.000000 ---------------- 4. The amount of the current monthly accumulation in respect of Class B Monthly Interest $4.390433 ----------------- 5. The amount of the current monthly accumulation in respect of Class B Deficiency Amounts $ 0.000000 ----------------- 6. The amount of the current monthly accumulation in respect of Class B Additional Interest $0.000000 ----------------- C. Information Regarding the Current Quarterly Interest Distribution 1. The total amount of distribution from the Interest Funding Account $ 0.00 ----------------- 2. The amount of the current quarterly interest distribution in respect of Class A $ 0.00 ----------------- 3. The amount of the current quarterly interest distribution in respect of Class A set forth in 2 above per $1,000 of original certificate principal amount $ 0.000000 ----------------- 4. The amount of the current quarterly interest distribution in respect of Class B $ 0.00 ----------------- 5. The amount of the current quarterly interest distribution in respect of Class B set forth in 4 above per $1,000 of original certificate principal amount $ 0.000000 ----------------- D. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $45,905,524.15 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $4,050,487.55 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $4,050,487.55 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $25,119,592,718.23 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-M as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-M as of the end of the day on the last day of the related Monthly Period $500,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $425,000,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $425,000,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $37,500,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $37,500,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: February 1, 1997 through February 3, 1997 2.15% February 4, 1997 through February 28, 1997 2.01% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly period 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.87% 478,661,559.05 ------- ----------------- (b) 65 - 94 days: 0.88% 223,534,124.31 ------- ----------------- (c) 95 - 124 days: 0.62% 158,682,876.74 ------- ----------------- (d) 125 - 154 days: 0.51% 129,052,609.66 ------- ----------------- (e) 155 or more days: 0.77% 197,280,686.55 ------- ----------------- Total 4.65% 1,187,211,856.31 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $1,821,371.05 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $1,548,165.43 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $136,602.81 ----------------- (d) The Collateral Default Amount for the related Monthly Period $136,602.81 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $442,708.33 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $39,062.50 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $39,062.50 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $312,500.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $37,500,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $37,500,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The amount of all or the portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Interest Funding Account (a) The aggregate amount on deposit in the Interest Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $1,960,450.03 ----------------- (b) The aggregate amount deposited into the Interest Funding Account with respect to the Class A Certificates on the related Transfer Date $1,795,808.81 ----------------- (c) The aggregate amount deposited into the Interest Funding Account with respect to the Class B Certificates on the related Transfer Date $164,641.22 ----------------- (d) The Interest Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $5,697,534.58 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $502,723.69 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $502,723.69 ----------------- 11. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $5,963,159.58 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $526,161.19 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $526,161.19 ----------------- 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.47% ------- (b) The Portfolio Adjusted Yield N/A ------- E. LIBOR Determinations LIBOR rates for the related Interest Period: Class A and Class B determination - 5.50391% ----------- Collateral Interest determination - 5.41797% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M. Boylan Name: Marguerite M. Boylan Title: Vice President EX-99.1 25 Exhibit 99.1 MBNA MASTER CREDIT CARD TRUST II SERIES 1994-A KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 9/15/99 Blended Coupon 5.6466% Excess Protection Level 3 Month Average 4.90% February, 1997 5.39% January, 1997 3.81% December, 1996 5.50% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.08% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $ 25,119,592,718.23 Investor Participation Amount $ 760,000,000.00 Seller Participation Amount $ 4,129,965,199.74 EX-99.2 26 Exhibit 99.2 MBNA MASTER CREDIT CARD TRUST II SERIES 1994-B KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 9/15/99 Blended Coupon 5.59245% Excess Protection Level 3 Month Average 4.92% February, 1997 5.42% January, 1997 3.84% December, 1996 5.50% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.05% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $ 25,119,592,718.23 Investor Participation Amount $ 1,000,000,000.00 Seller Participation Amount $ 4,129,965,199.74 EX-99.3 27 Exhibit 99.3 MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 11/15/01 Blended Coupon 5.7296% Excess Protection Level 3 Month Average 4.81% February, 1997 5.31% January, 1997 3.71% December, 1996 5.41% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.16% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $ 25,119,592,718.23 Investor Participation Amount $ 1,000,000,000.00 Seller Participation Amount $ 4,129,965,199.74 EX-99.4 28 Exhibit 99.4 MBNA MASTER CREDIT CARD TRUST II SERIES 1994-D KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 11/17/97 Blended Coupon 5.58078% Excess Protection Level 3 Month Average 5.01% February, 1997 5.45% January, 1997 4.01% December, 1996 5.59% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.02% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $ 25,119,592,718.23 Investor Participation Amount $ 1,000,000,000.00 Seller Participation Amount $ 4,129,965,199.74 EX-99.5 29 Exhibit 99.5 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-A KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 9/15/04 Blended Coupon 5.7371% Excess Protection Level 3 Month Average 4.81% February, 1997 5.31% January, 1997 3.71% December, 1996 5.41% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.16% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $575,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.6 30 Exhibit 99.6 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-B KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 06/15/00 Blended Coupon 5.6187% Excess Protection Level 3 Month Average 4.92% February, 1997 5.41% January, 1997 3.84% December, 1996 5.53% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.06% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $750,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.7 31 Exhibit 99.7 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-C KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 7/15/05 Blended Coupon 7.0188% Excess Protection Level 3 Month Average 4.87% February, 1997 5.37% January, 1997 3.78% December, 1996 5.48% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.10% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $575,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.8 32 Exhibit 99.8 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-D KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 7/17/00 Blended Coupon 6.6097% Excess Protection Level 3 Month Average 5.01% February, 1997 5.49% January, 1997 3.93% December, 1996 5.61% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 6.98% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $500,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.9 33 Exhibit 99.9 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-E KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 09/16/2002 Blended Coupon 5.6792% Excess Protection Level 3 Month Average 4.86% February, 1997 5.36% January, 1997 3.77% December, 1996 5.47% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.11% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $500,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.10 34 Exhibit 99.10 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-F KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 09/15/00 Blended Coupon 7.2622% Excess Protection Level 3 Month Average 4.11% February, 1997 3.93% January, 1997 3.67% December, 1996 4.75% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 8.54% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $500,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.11 35 Exhibit 99.11 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-I KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 11/15/00 Blended Coupon 5.6174% Excess Protection Level 3 Month Average 4.92% February, 1997 5.41% January, 1997 3.84% December, 1996 5.53% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.06% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $750,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.12 36 Exhibit 99.12 MBNA MASTER CREDIT CARD TRUST II SERIES 1995-J KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 12/16/02 Blended Coupon 5.6878% Excess Protection Level 3 Month Average 4.85% February, 1997 5.35% January, 1997 3.76% December, 1996 5.46% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.12% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $500,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.13 37 Exhibit 99.13 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-A KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 3/17/03 Blended Coupon 5.6591% Excess Protection Level 3 Month Average 4.88% February, 1997 5.38% January, 1997 3.79% December, 1996 5.49% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.09% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $700,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.14 38 Exhibit 99.14 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-B KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 4/17/06 Blended Coupon 5.7246% Excess Protection Level 3 Month Average 4.82% February, 1997 5.32% January, 1997 3.72% December, 1996 5.42% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.15% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $500,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.15 39 Exhibit 99.15 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-C KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 4/16/01 Blended Coupon 5.6001% Excess Protection Level 3 Month Average 4.94% February, 1997 5.43% January, 1997 3.86% December, 1996 5.55% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.04% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $500,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.16 40 Exhibit 99.16 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-D KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 05/15/01 Blended Coupon 5.6049% Excess Protection Level 3 Month Average 4.94% February, 1997 5.43% January, 1997 3.86% December, 1996 5.54% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.04% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $1,000,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.17 41 Exhibit 99.17 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-E KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 06/16/03 Blended Coupon 5.6318% Excess Protection Level 3 Month Average 4.91% February, 1997 5.40% January, 1997 3.83% December, 1996 5.51% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.07% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $750,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.18 42 Exhibit 99.18 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-G KEY PERFORMANCE FACTORS February 28, 1997 Expected B Maturity 8/15/06 Blended Coupon 5.6553% Excess Protection Level 3 Month Average 4.89% February, 1997 5.36% January, 1997 3.85% December, 1996 5.46% Cash Yield 16.84% Investor Charge Offs 4.37% Base Rate 7.11% Over 35 Day Delinquency 4.65% Seller's Interest 16.44% Total Payment Rate 12.64% Total Principal Balance $25,119,592,718.23 Investor Participation Amount $500,000,000.00 Seller Participation Amount $4,129,965,199.74 EX-99.19 43 Exhibit 99.19 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-H KEY PERFORMANCE FACTORS FEBRUARY, 1997 Expected B Maturity 09/17/01 Blended Coupon 5.6402% Excess Protection Level 3 Month Average 5.01% February, 1997 5.38% January, 1997 3.98%