The Multicurrency Facility is available for general Company purposes of the Bank’s business in the United Kingdom. The Corporation and the Bank serve as guarantors of all borrowings by Capital One Bank (Europe) plc under the Multicurrency Facility. Internationally, the Company has funding programs designed for foreign investors or to raise funds in foreign currencies allowing the Company to borrow from U.S. and non-U.S. lenders, including foreign currency funding options under the Credit Facility discussed above. The Company funds its foreign assets by directly or synthetically borrowing or securitizing in the local currency to mitigate the financial statement effect of currency translations.  In April 2002, COAF entered into a $2.2 billion collateralized revolving warehouse credit facility collateralized by a security interest in certain consumer loan assets. The collateralized revolving warehouse credit facility has several participants each with a separate renewal date. The facility does not have a final maturity date. Instead, each participant may elect to renew the commitment for another set period of time. All participants have renewal dates occurring in 2003. Interest on the facility is based on commercial paper rates. At December 31, 2002, $894.0 million was outstanding under the facility. As of December 31, 2002, the Corporation had two effective shelf registration statements under which the Corporation from time to time may offer and sell senior or subordinated debt securities, preferred stock, common  stock, common equity units and stock purchase contracts.  On November 11, 2002, the Corporation issued shares of its common stock having an aggregate value of $54.9 million to certain former shareholders of AmeriFee Corporation (“AmeriFee”) in connection with the termination of the stock purchase agreement relating to the Corporation’s acquisition of AmeriFee. Of this amount, $43.9 million of the Corporation’s common stock was issued through its shelf registration statement and $11.0 million was issued in an unregistered offering. Table 11 shows the maturities of domestic time certificates of deposit in denominations of $100 thousand or greater (large denomination CDs) as of December 31, 2002. The Company continues to expand its retail deposit gathering efforts through both direct and broker marketing channels. The Company uses its IBS capabilities to test and market a variety of retail deposit origination strategies, including via the Internet, as well as to develop customized account management programs. As of December 31, 2002, the Company had $17.3 billion in interest-bearing deposits of which $7.2 billion represents large denomination certificates of $100 thousand or more, with original maturities up to ten years. The use of these deposits to fund the Company’s asset growth may be limited based upon whether such deposits originated at the Bank or the Savings Bank. In January 2002, the Corporation issued $300.0 million of five-year senior notes with a coupon rate of 8.75%. In April 2002, the Corporation completed a public offering of mandatory convertible debt securities (the “Upper Decs ® ”), that resulted in net proceeds of approximately $725.0 million. The net proceeds were used for general corporate purposes. Each Upper Dec ® initially consists of and represents (i) a senior note due May 17, 2007 with a principal amount of $50, on which the Company will pay interest quarterly at the initial annual rate of 6.25%, and (ii) a forward purchase contract pursuant to which the holder has agreed to purchase, for $50, shares of the Company’s common stock on May 17, 2005 (or earlier under certain conditions), with such number of shares to be determined based upon the average closing price per share of the Company’s common stock for 20 consecutive trading days ending on the third trading day immediately preceding the stock purchase date at a minimum per share price of $63.91 and a maximum per share price of $78.61. Table 11: Maturities of Domestic Large Denomination Certificates -- $100,000 or More. 35 December 31, 2002 (dollars in thousands)Balance Percent Three months or less $ 636,008 8.87% Over 3 through 6 months 649,391 9.06 Over 6 through 12 months 1,369,984 19.11 Over 12 months through 10 years 4,514,784 62.96 Total $ 7,170,167 100.00%