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Fixed Income Investors Gracechurch Card Programme Funding PLC This Report and any notes are a summary of certain information relating to the Notes. Whilst every effort has been taken to ensure that the Report is accurate and complete as at the date it is issued, no representation can be made that the data contained in this Report is accurate and complete and no liability is accepted. This Report is for information purposes only and is not intended as an offer or invitation with respect to the purchase or sale of securities. Please refer to the issue documentation for the Notes for further information on the Notes and their structure. You should not rely on the information in this Report when making any decision whether to buy, hold or sell securities. Reporting Date 15 Aug 2019 Reporting Period Start 1 Jul 2019 Reporting Period End 31 Jul 2019 Accrual Period 1 Jul 2019 to 31 Jul 2019 Last Interest Payment Date 15 Jul 2019 Next Interest Payment Date 15 Aug 2019 Interest Period 15 Jul 2019 to 15 Aug 2019 Outstanding Principal Trust Balance £14,570,253,649 Total Outstanding Note Balance £7,643,909,939 Gracechurch Trust Performance Metrics GCPF 2013-3 GCPF 2014-2 GCPF 2015-1 GCPF 2015-2 GCPF 2018-1 Outstanding Note Balance 1,647,059,000 1,886,793,000 1,764,706,000 1,764,706,000 580,645,939 Controlled Accumulation/Deposit Amount N/A N/A N/A N/A N/A Portfolio Yield 16.82% 16.82% 16.82% 16.82% 16.82% Portfolio Yield 3-Month Ave 14.73% 14.73% 14.73% 14.73% 14.73% Expense Rate 1.86% 1.86% 1.87% 2.11% 1.81% Charge-Offs 4.78% 4.78% 4.78% 4.78% 4.78% Charge-Off 3-Month Ave 4.66% 4.66% 4.66% 4.66% 4.66% Excess Spread Current 10.19% 10.19% 10.17% 9.94% 10.23% Excess Spread 3-Month Ave 8.22% 8.22% 8.20% 7.97% 8.26% Delinquencies 30-59 0.56% 0.56% 0.56% 0.56% 0.56% Delinquencies 60-89 0.39% 0.39% 0.39% 0.39% 0.39% Delinquencies 90+ 0.83% 0.83% 0.83% 0.83% 0.83% Payment Rate 20.18% 20.18% 20.18% 20.18% 20.18% Payment Rate 3-Month Ave 18.06% 18.06% 18.06% 18.06% 18.06% Principal Payment Rate 18.80% 18.80% 18.80% 18.80% 18.80% Principal Payment Rate 3-Month Ave 16.85% 16.85% 16.85% 16.85% 16.85% Seller's Interest 47.54% 47.54% 47.54% 47.54% 47.54% Investor Interest 52.46% 52.46% 52.46% 52.46% 52.46% Gracechurch Receivables Trustee Limited Aggregate principal balance - beginning of period £14,570,253,649 Aggregate principal balance - end of period £14,479,944,860 Aggregate number of accounts (30 June 2019) 8,991,246 Unaudited updated quarterly Collections during the period:- Principal (£/%) £2,776,690,433 18.80% Yield (£/%) £204,051,638 16.81% Charge-offs during the period: Gross charge-offs (£/%) £57,977,586 4.78% Net charge-offs (incl. recoveries) (£/%) £35,977,134 2.96% Additional Collateral:- Series Yield Reserve Account £0 Series Cash Reserve Account £0 Series Re-Investment Account £0 Trust Bank Account Information Account Name Opening Balance Transfers In Transfers Out Closing Balance Collection Account £336,500,605 £2,996,706,861 (£2,966,365,082) £366,842,384 Acquisition Account £0 £2,587,098,642 (£2,587,098,642) £0 Cash Reserve Account £0 £0 £0 £0 Yield Reserve Account £0 £0 £0 £0 Principal Funding Account £0 £0 £0 £0 Trustee Re-investment Account £0 £0 £0 £0 Unaudited Stratification Tables as at 30 June 2019 (please note that information is produced on a quarterly basis only) Percentage of Total Number Percentage of Total Arrears Total Number of Accounts of Accounts Total Receivables Receivables 30 to 59 days 24,298 0.27% £81,151,675 0.55% 60 to 89 days 16,204 0.18% £56,174,689 0.38% 90 to 119 days 14,035 0.16% £48,427,934 0.33% 120 to 149 days 11,748 0.13% £41,346,329 0.28% 150 to 179 days 11,086 0.12% £38,455,309 0.26% 180 days or more 481 0.01% £2,658,242 0.02% Total 77,852 0.87% £268,214,178 1.81% Percentage of Total Number Percentage of Total Current outstanding balance Total Number of Accounts of Accounts Total Receivables Receivables Credit Balance 320,111 3.56% (£26,735,475) (0.18%) Nil Balance 2,987,952 33.23% £0 0.00% £0.01 to £5,000.00 4,690,300 52.17% £6,485,116,139 43.66% £5,000.01 to £10,000.00 736,251 8.19% £5,186,604,058 34.92% £10,000.01 to £15,000.00 226,300 2.52% £2,704,988,878 18.21% £15,000.01 to £20,000.00 28,917 0.32% £469,502,562 3.16% £20,000.01 to £25,000.00 1,033 0.01% £22,945,412 0.15% £25,000.01 and over 382 0.00% £12,456,530 0.08% Total 8,991,246 100.00% £14,854,878,104 100.00% Percentage of Total Number Percentage of Total Seasoning (account age) Total Number of Accounts of Accounts Total Receivables Receivables 0 to 3 Months 225,018 2.50% £309,957,960 2.09% 3 to 6 months 177,279 1.97% £303,849,483 2.05% 6 to 9 months 224,023 2.49% £420,948,656 2.83% 9 to 12 months 185,541 2.06% £302,729,252 2.04% 12 to 15 months 167,653 1.87% £273,174,355 1.84% 15 to 18 months 144,990 1.61% £236,285,368 1.59% 18 to 21 months 154,656 1.72% £238,714,371 1.61% 21 to 24 months 154,104 1.71% £216,415,812 1.46% 2 to 3 years 558,410 6.21% £826,907,529 5.57% 3 to 4 years 490,099 5.45% £774,173,666 5.21% 4 to 5 years 497,329 5.53% £849,083,302 5.72% 5 to 10 years 1,937,624 21.55% £3,766,226,170 25.35% Over 10 years 4,074,520 45.32% £6,336,412,180 42.66% Total 8,991,246 100.00% £14,854,878,104 100.00% Gracechurch Card Programme Funding PLC This Report and any notes are a summary of certain information relating to the Notes. Whilst every effort has been taken to ensure that the Report is accurate and complete as at the date it is issued, no representation can be made that the data contained in this Report is accurate and complete and no liability is accepted. This Report is for information purposes only and is not intended as an offer or invitation with respect to the purchase or sale of securities. Please refer to the issue documentation for the Notes for further information on the Notes and their structure. You should not rely on the information in this Report when making any decision whether to buy, hold or sell securities. Supplementary Information GCPF 2013-3 GCPF 2014-2 GCPF 2015-1 GCPF 2015-2 GCPF 2018-1 Issue Date 20 November 2013 11 November 2014 20 November 2015 20 November 2015 20 July 2018 Scheduled Maturity Date 15 June 2022 15 June 2022 15 November 2023 16 November 2020 15 July 2020 Early Call Maturity Date n/a n/a n/a n/a n/a Legal Final Maturity Date 17 June 2024 17 June 2024 17 November 2025 15 November 2022 15 July 2022 Bond Structure Soft-Bullet Soft-Bullet Soft-Bullet Soft-Bullet Soft-Bullet Stock Exchange Listing LSE LSE LSE LSE LSE Note Balance:- Class A £1,400,000,000 £1,600,000,000 £1,500,000,000 £1,500,000,000 $650,000,000 Class D £247,059,000 £286,793,000 £264,706,000 £264,706,000 £87,100,000 Applicable Exchange Rates (CCY / GBP):- USD n/a n/a n/a n/a £1.317 Credit Ratings (Original):- Class A AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa Class D NR NR NR NR NR Credit Ratings (Current):- Class A AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa Class D NR NR NR NR NR Bond Coupon:- Class A 1-m GBP LIBOR + 43bp 1-m GBP LIBOR + 43bp 1-m GBP LIBOR + 45bp 1-m GBP LIBOR + 72bp 1-m USD LIBOR + 40bp Class D 1-m GBP LIBOR + 0bp 1-m GBP LIBOR + 0bp 1-m GBP LIBOR + 0bp 1-m GBP LIBOR + 0bp 1-m GBP LIBOR + 0bp Identifiers:- US38406EAG44 Class A XS0992306141 XS1133034923 XS1321880418 XS1323450822 XS1856940892 Class D XS0992306224 XS1133034253 XS1321880509 XS1323451127 XS1856941197 Regulated Amortisation Period n/a n/a n/a n/a n/a Credit Enhancement - including reserve funds (%) 15.00% 15.20% 15.00% 15.00% 15.00% Counterparties:- Correct as of 31 July 2019 Barclays Bank UK Plc (Servicer, Cash Manager, & A (Standard & Poors) & A1 (Moodys) - Long-term ratings Swap Provider) A-1 (Standard & Poors) & P-1 (Moodys) - Short-term ratings Gracechurch Receivables Trustee Ltd No Rating Barclaycard Funding Plc (Investor Beneficiary) No Rating AA- (Standard & Poors) & Aa1 (Moodys) - Long-term deposit ratings Bank of New York Mellon (Note Trustees) A-1+ (Standard & Poors) & P-1 (Moodys) - Short-term deposit ratings Wells Fargo Bank N.A.
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