Item 1. Business. ------- ---------
Not Applicable
Item 2.
Item 2. Properties. ------- -----------
Not Applicable
Item 3.
Item 3. Legal Proceedings. ------- ------------------
None
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders. ------- ----------------------------------------------------
None
PART II -------
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholders ------- Matters and Issuer Purchases of Equity Securities. ------------------------------------------------------------
The Certificates of each series representing investors' interests in the Trust are represented by one or more Certificates registered in the name of Cede and Co., the nominee of The Depository Trust Company.
Item 6.
Item 6. Selected Financial Data. ------- ------------------------
Not Applicable
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and ------- Results of Operations. ---------------------------------------------------------------
Not Applicable
Item 7A.
Item 7A. Quantitative and Qualitative Disclosure About Market Risk. -------- ----------------------------------------------------------
Not Applicable
Item 8.
Item 8. Financial Statements and Supplementary Data. ------- --------------------------------------------
Not Applicable
Item 9.
Item 9. Changes In and Disagreements With Accountants on Accounting ------- and Financial Disclosure. -----------------------------------------------------------
None
Item 9A.
Item 9A. Controls and Procedures. -------- ------------------------
Not Applicable
PART III --------
Item 10.
Item 10. Directors and Executive Officers of the Registrant. -------- ---------------------------------------------------
Not Applicable
Item 11.
Item 11. Executive Compensation. -------- -----------------------
Not Applicable
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management. -------- ---------------------------------------------------------------
(a) The Certificates of each Series representing investors' interests in the Trust are represented by one or more Certificates registered in the name of Cede and Co., the nominee of The Depository Trust Company ("DTC"), and an investor holding an interest in the Trust is not entitled to receive a Certificate representing such interest except in certain limited circumstances. Accordingly, Cede and Co. is the sole holder of record of Certificates, which it holds on behalf of brokers, dealers, banks and other direct participants in the DTC system at June 30, 2004. Such direct participants may hold Certificates for their own accounts or for the accounts of their customers. At June 30, 2004, the following direct DTC participants held positions in Certificates representing interests in the Trust equal to or exceeding 5% of the total principal amount of the Certificates of one or more Series outstanding on that date, as indicated. The information on DTC participants' held positions is provided by DTC.
Aggregate Amount of Percentage Title Certificates of Class Name Held Ownership -------------- ------------------------------------ ----------------- -----------
Series 1995-A Class A Bank of New York (The) $ 62,821,000 12.56% JPMorgan Chase Bank 161,089,000 32.20% JPMorgan Chase Bank/Greenwich Capital 27,000,000 5.40% Merrill Lynch, Pierce Fenner and Smith Safekeeping 34,806,000 6.96% State Street Bank and Trust Company 117,410,000 23.47% Class B Citibank, N.A. $8,000,000 30.92% JPMorgan Chase Bank 7,875,000 30.43% State Street Bank and Trust Company 10,000,000 38.65%
Series 1995-C Class A Bank of New York (The) $ 87,090,000 17.41% JPMorgan Chase Bank 72,068,000 14.41% Mellon Trust of New England, National Association 53,420,000 10.68% Northern Trust Company (The) 31,895,000 6.38% State Street Bank and Trust Company 104,529,000 20.90% Union Bank of California, N.A. 29,350,000 5.87% Class B Bank of New York (The) $ 25,875,000 100.00%
Series 1996-B Class A Bank of New York (The) $104,535,000 24.03% Citibank, N.A. 32,752,000 7.53% Investors Bank and Trust - Institutional 30,500,000 7.01% JPMorgan Chase Bank 77,870,000 17.90% Mellon Trust of New England, National Association 38,475,000 8.84% State Street Bank and Trust Company 55,050,000 12.66% Wells Fargo Bank, National Association 31,170,000 7.17% Class B SSB Bank Portfolio $ 22,500,000 100.00%
Series 1996-G Class A Bank of New York (The) $ 54,445,000 12.81% Citibank, N.A. 40,000,000 9.41% JPMorgan Chase Bank 153,185,000 36.04% Merrill Lynch, Pierce Fenner and Smith Safekeeping 25,000,000 5.88% State Street Bank and Trust Company 120,220,000 28.29% Class B Bank of New York (The)/Fifth Third Bank $ 17,500,000 46.67% JPMorgan Chase Bank 5,000,000 13.33% Mellon Trust of New England, National Association 5,000,000 13.33% State Street Bank and Trust Company 10,000,000 26.67%
Series 1996-M Class A Bank of New York (The) $ 97,130,000 22.85% Citibank, N.A. 40,300,000 9.48% JPMorgan Chase Bank 151,990,000 35.76% Mellon Trust of New England, National Association 71,565,000 16.84% State Street Bank and Trust Company 40,671,000 9.57% Class B Bank of New York (The) $ 15,750,000 42.00% Bank of Tokyo - Mitsubishi Trust Company 10,500,000 28.00% Mellon Trust of New England, National Association 11,250,000 30.00%
Series 1997-B Class A Bank of New York (The) $140,800,000 16.56% DBTC Americas/Deutsche Bank Frankfurt 49,650,000 5.84% JPMorgan Chase Bank 516,350,000 60.75% Merrill Lynch, Pierce Fenner and Smith Safekeeping 46,200,000 5.44% Merrill Lynch, Pierce, Fenner and Smith, Incorporated 45,000,000 5.29% Class B Banc of America Securities LLC $5,000,000 6.67% Investors Bank and Trust Company 6,000,000 8.00% JPMorgan Chase Bank 10,000,000 13.33% State Street Bank and Trust Company 30,800,000 41.07% The Bank of New York/Barclays Capital - London 14,000,000 18.67% UMB Bank, National Association 5,000,000 6.67% Wells Fargo Bank, National Association 4,200,000 5.60%
Series 1997-I Class A Bank of New York (The) $ 34,246,000 5.37% Citibank, N.A. 32,545,000 5.11% JPMorgan Chase Bank 89,260,000 14.00% Mellon Trust of New England, National Association 35,152,000 5.51% State Street Bank and Trust Company 193,229,000 30.31% Wells Fargo Bank, National Association 41,378,000 6.49% Class B JPMorgan Chase Bank $ 16,250,000 28.89% State Street Bank and Trust Company 15,000,000 26.67% Wachovia Securities, LLC Custody 25,000,000 44.44%
Series 1997-J Class A Bank of New York (The) $ 56,710,000 8.90% Barclays Capital,Inc. / Fixed Income 70,000,000 10.98% JPMorgan Chase Bank 51,715,000 8.11% JPMorgan Chase Bank/Broker and Dealer Clearance 98,805,000 15.50% Department JPMorgan Chase Bank/Correspondence Clearing Services 2 41,000,000 6.43% State Street Bank and Trust Company 135,424,000 21.24% Class B Citibank, N.A. $5,500,000 9.78% JPMorgan Chase Bank 24,500,000 43.56% Mellon Trust of New England, National Association 26,250,000 46.67%
Series 1997-K Class A Bank of New York (The) $107,500,000 16.86% Citibank, N.A. 50,000,000 7.84% JPMorgan Chase Bank 128,000,000 20.08% Mellon Trust of New England, National Association 48,610,000 7.63% Northern Trust Company (The) 259,500,000 40.71% Class B Bank of New York (The) $ 10,000,000 17.78% Citibank, N.A. 9,000,000 16.00% JPMorgan Chase Bank 17,250,000 30.67% State Street Bank and Trust Company 20,000,000 35.56%
Series 1998-E Class A Bank of New York (The) $120,000,000 16.00% Citibank, N.A. 170,250,000 22.70% JPMorgan Chase Bank 197,305,000 26.31% U.S. Bank N.A. 107,000,000 14.27% UBS AG 74,045,000 9.87% Class B Bank of New York (The) $9,500,000 14.35% Bank of Tokyo - Mitsubishi Trust Company 20,000,000 30.21% Citibank, N.A. 5,200,000 7.85% JPMorgan Chase Bank 31,500,000 47.58%
Series 1998-F Class A Bank of New York (The) $ 83,727,000 19.70% Investors Bank and Trust - Institutional 39,000,000 9.18% JPMorgan Chase Bank 115,750,000 27.24% Merrill Lynch, Pierce Fenner and Smith Safekeeping 50,000,000 11.76% State Street Bank and Trust Company 105,523,000 24.83% Class B JPMorgan Chase Bank $ 37,500,000 100.00%
Series 1998-G Class A Bank of New York (The) $192,170,000 30.14% Citibank, N.A. 49,000,000 7.69% JPMorgan Chase Bank 269,930,000 42.34% State Street Bank and Trust Company 94,135,000 14.77% Class B Bank of New York (The) $ 10,750,000 19.11% JPMorgan Chase Bank 30,000,000 53.33% State Street Bank and Trust Company 15,000,000 26.67%
Series 1999-B Class A Bank of New York (The) $138,342,000 21.70% Citibank, N.A. 67,857,000 10.64% JPMorgan Chase Bank 124,865,000 19.59% Northern Trust Company (The) 37,735,000 5.92% State Street Bank and Trust Company 107,328,000 16.84% Class B Bank of New York (The) $5,000,000 8.89% JPMorgan Chase Bank 26,250,000 46.67% Mellon Trust of New England, National Association 10,000,000 17.78% State Street Bank and Trust Company 10,000,000 17.78% UMB Bank, National Association 4,000,000 7.11%
Series 1999-D Class A Citibank Dealer - Tax Exempt Operations $ 50,000,000 11.76% Citibank, N.A. 35,000,000 8.24% JPMorgan Chase Bank 147,788,000 34.77% Northern Trust Company (The) 45,000,000 10.59% State Street Bank and Trust Company 113,388,000 26.68% Class B Bank of New York (The) $ 21,000,000 56.00% JPMorgan Chase Bank 15,000,000 40.00%
Series 1999-G Class A Bank of New York (The) $ 83,801,752 13.15% JPMorgan Chase Bank 52,043,238 8.16% Mellon Trust of New England, National Association 90,245,000 14.16% State Street Bank and Trust Company 208,224,755 32.66% Class B Bank of New York (The) $ 15,710,000 27.93% JPMorgan Chase Bank 6,100,000 10.84% Mellon Trust of New England, National Association 5,000,000 8.89% State Street Bank and Trust Company 24,265,000 43.14%
Series 1999-J Class A Bank of New York (The) $137,605,000 16.19% JPMorgan Chase Bank 248,879,000 29.28% Mellon Trust of New England, National Association 83,778,000 9.86% State Street Bank and Trust Company 221,198,000 26.02% Class B Bank of New York (The) $7,500,000 10.00% Citibank, N.A. 10,000,000 13.33% JPMorgan Chase Bank 31,445,000 41.93% Mellon Trust of New England, National Association 21,750,000 29.00%
Series 1999-L Class A Bank of New York (The) $ 40,000,000 6.27% Bank One Trust Company N.A. 34,905,000 5.48% Brown Brothers Harriman and Co. 41,000,000 6.43% Dresdner Kleinwort Wasserstein Securities LLC 60,860,000 9.55% JPMorgan Chase Bank 242,600,000 38.05% Mellon Trust of New England, National Association 60,087,000 9.43% State Street Bank and Trust Company 102,456,000 16.07% Class B Bank of New York (The)/Fifth Third Bank $ 20,000,000 35.56% JPMorgan Chase Bank/Greenwich Capital 11,250,000 20.00% State Street Bank and Trust Company 25,000,000 44.44%
Series 1999-M Class A Bank of New York (The) $ 24,580,000 5.78% Barclays Global Investors N.A./Investors Bank and Trust 23,890,000 5.62% Company Brown Brothers Harriman and Co. 51,250,000 12.06% JPMorgan Chase Bank 171,765,000 40.42% Mellon Trust of New England, National Association 33,630,000 7.91% State Street Bank and Trust Company 35,208,000 8.28% Class B Citibank, N.A. $ 20,050,000 53.47% JPMorgan Chase Bank 15,150,000 40.40% U.S. Bank N.A. 2,250,000 6.00%
Series 2000-A Class A Bank of New York (The) $ 97,685,000 15.32% BNY/Sun Trust Bank Portfolio 50,000,000 7.84% JPMorgan Chase Bank 206,903,000 32.46% Mellon Trust of New England, National Association 48,229,000 7.57% State Street Bank and Trust Company 90,920,000 14.26% Class B Bank of New York (The) $ 10,000,000 17.78% Citibank, N.A. 5,000,000 8.89% JPMorgan Chase Bank 24,100,000 42.84% State Street Bank and Trust Company 14,150,000 25.16%
Series 2000-C Class A JPMorgan Chase Bank $202,300,000 15.87% Mellon Trust of New England, National Association 154,595,000 12.13% State Street Bank and Trust Company 519,895,000 40.78% UBS AG 150,000,000 11.76% Wachovia Securities, LLC Custody 76,000,000 5.96% Class B JPMorgan Chase Bank $107,500,000 95.56%
Series 2000-D Class A Bank of New York (The) $ 78,327,000 10.84% BNY/Sun Trust Bank 75,000,000 10.38% Citibank, N.A. 97,000,000 13.43% JPMorgan Chase Bank 55,106,000 7.63% Mellon Trust of New England, National Association 142,147,000 19.67% State Street Bank and Trust Company 178,002,000 24.64% U.S. Bank N.A. 68,760,000 9.52% Class B JPMorgan Chase Bank $ 58,750,000 92.16% State Street Bank and Trust Company 5,000,000 7.84%
Series 2000-E Class A Bank of New York (The) $ 54,295,000 10.86% Barclays Capital,Inc. / Fixed Income 34,000,000 6.80% Citibank, N.A. 35,850,000 7.17% JPMorgan Chase Bank 89,645,000 17.93% JPMorgan Chase Bank/Correspondence Clearing Services 2 30,000,000 6.00% Mellon Trust of New England, National Association 45,765,000 9.15% State Street Bank and Trust Company 122,900,000 24.58% Class B Citibank, N.A. $ 23,750,000 52.78% JPMorgan Chase Bank 21,250,000 47.22%
Series 2000-F Class A Bank of Tokyo - Mitsubishi Trust Company $750,000,000 100.00% Class B Bank of New York (The) $ 33,200,000 50.15% Bank of Tokyo - Mitsubishi Trust Company 33,000,000 49.85%
Series 2000-G Class A Bank of New York (The) $123,485,000 19.37% Citibank, N.A. 63,600,000 9.98% State Street Bank and Trust Company 345,965,000 54.27% UBS AG 33,550,000 5.26% Class B Bank of New York (The) $7,000,000 12.44% Bank of Tokyo - Mitsubishi Trust Company 17,000,000 30.22% JPMorgan Chase Bank 12,000,000 21.33% Mellon Trust of New England, National Association 10,000,000 17.78% State Street Bank and Trust Company 10,000,000 17.78%
Series 2000-H Class A Bank of New York (The) $ 45,000,000 7.56% Citibank, N.A. 55,000,000 9.24% JPMorgan Chase Bank 192,500,000 32.35% JPMorgan Chase Bank/Correspondence Clearing Services 2 30,000,000 5.04% State Street Bank and Trust Company 135,500,000 22.77% U.S. Bank N.A. 137,000,000 23.03% Class B Banc of America Securities LLC $ 17,000,000 32.38% JPMorgan Chase Bank 35,500,000 67.62%
Series 2000-I Class A Bank of New York (The) $ 55,701,000 6.55% BNY/Sun Trust Bank Portfolio 49,223,000 5.79% JPMorgan Chase Bank 308,429,000 36.29% Northern Trust Company (The) 53,972,000 6.35% State Street Bank and Trust Company 143,021,000 16.83% Class B Bank of New York (The) $ 75,000,000 100.00%
Series 2000-K Class A Bank of New York (The) $122,894,000 19.28% JPMorgan Chase Bank 33,980,000 5.33% Northern Trust Company (The) 40,845,000 6.41% State Street Bank and Trust Company 219,880,000 34.49% UBS AG 146,500,000 22.98% Class B Bank of New York (The) $ 20,000,000 35.56% JPMorgan Chase Bank 21,250,000 37.78% JPMorgan Chase Bank/Greenwich Capital 8,750,000 15.56% Wells Fargo Bank, National Association 6,250,000 11.11%
Series 2000-L Class A Bank of New York (The) $123,234,000 29.00% Citibank, N.A. 25,875,000 6.09% JPMorgan Chase Bank 68,030,000 16.01% Mellon Trust of New England, National Association 74,357,000 17.50% State Street Bank and Trust Company 35,545,000 8.36% Wachovia Bank N.A. - Phila. Main 51,075,000 12.02% Class B Bank of New York (The) $4,000,000 10.67% Citibank, N.A. 2,000,000 5.33% Northern Trust Company (The) 2,500,000 6.67% State Street Bank and Trust Company 10,000,000 26.67% Wachovia Bank N.A. - Phila. Main 18,750,000 50.00%
Series 2001-A Class A Bank of New York (The) $246,000,000 23.15% Citibank Dealer - Tax Exempt Operations 63,800,000 6.00% Deutsche Bank Securities Inc. 250,000,000 23.53% JPMorgan Chase Bank 295,000,000 27.76% State Street Bank and Trust Company 140,100,000 13.19% Class B Bank of New York (The) $ 78,750,000 84.00% JPMorgan Chase Bank 15,000,000 16.00%
Series 2001-B Class A Bank of New York (The) $159,000,000 24.94% Deutsche Bank Securities Inc. 50,000,000 7.84% JPMorgan Chase Bank 208,500,000 32.71% U.S. Bank N.A. 120,000,000 18.82% Class B Bank of New York (The) $ 36,250,000 64.44% JPMorgan Chase Bank 20,000,000 35.56%
The address of each of the above participants is:
C/O The Depository Trust Company 55 Water Street New York, NY 10041
(b) Not Applicable
(c) Not Applicable
Item 13.
Item 13. Certain Relationships and Related Transactions. -------- -----------------------------------------------
None
Item 14.
Item 14. Principal Accounting Fees and Services. -------- ---------------------------------------
Not Applicable
PART IV -------
Item 15.
Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K. -------- -----------------------------------------------------------------
(a) The following documents are filed as part of this Report:
3. Exhibits:
31. Certification
99.01 Annual Accountant's reports dated August 16, 2004 with respect to Series 1995-A, Series 1995-C, Series 1996-B, Series 1996-G, Series 1996-M, Series 1997-B, Series 1997-I, Series 1997-J, Series 1997-K, Series 1998-E, Series 1998-F, Series 1998-G, Series 1999-B, Series 1999-D, Series 1999-G, Series 1999-J, Series 1999-L, Series 1999-M, Series 2000-A, Series 2000-C, Series 2000-D, Series 2000-E, Series 2000-F, Series 2000-G, Series 2000-H, Series 2000-I, Series 2000-K, Series 2000-L, Series 2001-A, and Series 2001-B.
99.02 Annual Servicer's Certificate dated August 16, 2004 with respect to Series 1995-A, Series 1995-C, Series 1996-B, Series 1996-G, Series 1996-M, Series 1997-B, Series 1997-I, Series 1997-J, Series 1997-K, Series 1998-E, Series 1998-F, Series 1998-G, Series 1999-B, Series 1999-D, Series 1999-G, Series 1999-J, Series 1999-L, Series 1999-M, Series 2000-A, Series 2000-C, Series 2000-D, Series 2000-E, Series 2000-F, Series 2000-G, Series 2000-H, Series 2000-I, Series 2000-K, Series 2000-L, Series 2001-A, and Series 2001-B.
(b) Forms 8-K were filed by the registrant during the fiscal year ending June 30, 2004. The reports filed included the following:
Item 2. Acquisition or Disposition of Assets
Item 5. Other Events
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
8-K Filing Date Item 2 Item 5 Item 7 --------------- ------ ------ ------ July 14, 2003 X X July 16, 2003 X X July 23, 2003 X X August 1, 2003 X X August 14, 2003 X X X September 12, 2003 X X September 15, 2003 X X September 25, 2003 X X September 30, 2003 X X October 15, 2003 X X October 16, 2003 X X October 28, 2003 X X November 17, 2003 X X November 25, 2003 X X December 15, 2003 X X X December 19, 2003 X X January 16, 2004 X February 10, 2004 X X February 17, 2004 X X February 24, 2004 X X February 25, 2004 X X March 2, 2004 X X March 15, 2004 X X March 16, 2004 X X March 17, 2004 X X March 25, 2004 X X April 1, 2004 X X April 7, 2004 X X April 15, 2004 X X May 17, 2004 X X X May 27, 2004 X X June 15, 2004 X X June 17, 2004 X X
(c) See item 15(a) (3) above.
SIGNATURES ----------
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MBNA Master Credit Card Trust II (Registrant) By: MBNA America Bank, National Association As Servicer
Date: September 21, 2004 By: /s/ Douglas O. Hart ------------------------------- Douglas O.Hart Senior Executive Vice President