8-K: Current report filing
Published on March 14, 2002
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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, 2002
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 333-59424 51-
0331454
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(State or other (Commission File (IRS
Employer
jurisdiction of Number)
Identification No.)
incorporation)
Wilmington, DE 19884-0781
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(Address of principal executive office)
Registrant's telephone number, including area code (800) 362-6255.
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ITEM 5. OTHER EVENTS
As reported in September 2001, MBNA America Bank, N.A. ("The Bank")
initiated measures to assist its Customers who were affected by the
tragic events of September 11, 2001. These measures impact the monthly
results of MBNA Master Credit Card Trust II for February 2002 and March
2002, but will not impact the results for the three months ended March
31, 2002. These measures provided assistance for Customers who were not
delinquent and may not have received their statement in a timely manner
or may have had delivery of their payment delayed. These measures did
not affect accounts already reported as delinquent. The Bank's actions
postponed some Customer's accounts from becoming delinquent for 30 days
and, subsequently, without these measures some accounts that would have
charged off in February 2002 will now charge off in March 2002. MBNA
America Bank, N.A.'s actual net credit loss and delinquency ratios for
its managed loans were 3.66% and 5.25%, respectively, for February
2002. Had the measures described above not been implemented, MBNA
America Bank, N.A.'s estimated managed net credit loss and delinquency
ratios would have been 5.08% and 5.10%, respectively. Managed loans
include loans held for securitization, loan portfolio, and securitized
loans.
MBNA Master Credit Card Trust II's delinquency ratios are higher and
the gross chargeoff ratios are lower than their anticipated levels for
February 2002 as a result of these measures. The effect of these
measures will conclude in March 2002 when, MBNA Master Credit Card
Trust II's monthly gross chargeoff ratios will be higher than
anticipated by similar amounts. The delinquency ratios at March 31,
2002 and the gross chargeoff ratios for the three months ended March
31, 2002, will be unaffected by these measures. These measures will not
impact MBNA Master Credit Card Trust II's gross chargeoff and
delinquency ratios for April 2002 or thereafter.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND
EXHIBITS
The following are filed as Exhibits to this Report under Exhibit 20:
20.1. Series 1995-A Certificateholders' Statement for the month
ended February 28, 2002.
20.2. Series 1995-C Certificateholders' Statement for the month
ended February 28, 2002.
20.3. Series 1995-E Certificateholders' Statement for the month
ended February 28, 2002.
20.4. Series 1995-J Certificateholders' Statement for the month
ended February 28, 2002.
20.5. Series 1996-A Certificateholders' Statement for the month
ended February 28, 2002.
20.6. Series 1996-B Certificateholders' Statement for the month
ended February 28, 2002.
20.7. Series 1996-E Certificateholders' Statement for the month
ended February 28, 2002.
20.8. Series 1996-G Certificateholders' Statement for the month
ended February 28, 2002.
20.9. Series 1996-J Certificateholders' Statement for the month
ended February 28, 2002.
20.10. Series 1996-K Certificateholders' Statement for the month
ended February 28, 2002.
20.11. Series 1996-M Certificateholders' Statement for the month
ended February 28, 2002.
20.12. Series 1997-B Certificateholders' Statement for the month
ended February 28, 2002.
20.13. Series 1997-C Certificateholders' Statement for the month
ended February 28, 2002.
20.14. Series 1997-E Certificateholders' Statement for the month
ended February 28, 2002.
20.15. Series 1997-F Certificateholders' Statement for the month
ended February 28, 2002.
20.16. Series 1997-I Certificateholders' Statement for the month
ended February 28, 2002.
20.17. Series 1997-J Certificateholders' Statement for the month
ended February 28, 2002.
20.18. Series 1997-K Certificateholders' Statement for the month
ended February 28, 2002.
20.19. Series 1997-M Certificateholders' Statement for the month
ended February 28, 2002.
20.20. Series 1998-A Certificateholders' Statement for the month
ended February 28, 2002.
20.21. Series 1998-C Certificateholders' Statement for the month
ended February 28, 2002.
20.22. Series 1998-D Certificateholders' Statement for the month
ended February 28, 2002.
20.23. Series 1998-E Certificateholders' Statement for the month
ended February 28, 2002.
20.24. Series 1998-F Certificateholders' Statement for the month
ended February 28, 2002.
20.25. Series 1998-G Certificateholders' Statement for the month
ended February 28, 2002.
20.26. Series 1998-J Certificateholders' Statement for the month
ended February 28, 2002.
20.27. Series 1999-A Certificateholders' Statement for the month
ended February 28, 2002.
20.28. Series 1999-B Certificateholders' Statement for the month
ended February 28, 2002.
20.29. Series 1999-D Certificateholders' Statement for the month
ended February 28, 2002.
20.30. Series 1999-E Certificateholders' Statement for the month
ended February 28, 2002.
20.31. Series 1999-G Certificateholders' Statement for the month
ended February 28, 2002.
20.32. Series 1999-H Certificateholders' Statement for the month
ended February 28, 2002.
20.33. Series 1999-I Certificateholders' Statement for the month
ended February 28, 2002.
20.34. Series 1999-J Certificateholders' Statement for the month
ended February 28, 2002.
20.35. Series 1999-L Certificateholders' Statement for the month
ended February 28, 2002.
20.36. Series 1999-M Certificateholders' Statement for the month
ended February 28, 2002.
20.37. Series 2000-A Certificateholders' Statement for the month
ended February 28, 2002.
20.38. Series 2000-B Certificateholders' Statement for the month
ended February 28, 2002.
20.39. Series 2000-C Certificateholders' Statement for the month
ended February 28, 2002.
20.40. Series 2000-D Certificateholders' Statement for the month
ended February 28, 2002.
20.41. Series 2000-E Certificateholders' Statement for the month
ended February 28, 2002.
20.42. Series 2000-F Certificateholders' Statement for the month
ended February 28, 2002.
20.43. Series 2000-G Certificateholders' Statement for the month
ended February 28, 2002.
20.44. Series 2000-H Certificateholders' Statement for the month
ended February 28, 2002.
20.45. Series 2000-I Certificateholders' Statement for the month
ended February 28, 2002.
20.46. Series 2000-K Certificateholders' Statement for the month
ended February 28, 2002.
20.47. Series 2000-L Certificateholders' Statement for the month
ended February 28, 2002.
20.48. Series 2001-A Certificateholders' Statement for the month
ended February 28, 2002.
20.49. Series 2001-B Certificateholders' Statement for the month
ended February 28, 2002.
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, 2002
MBNA AMERICA BANK, NATIONAL ASSOCIATION
By: /s/Christopher Harris
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Name: Christopher Harris
Title: First Vice President