# EDGAR Filing Document

**Accession Number:** 0001551964
**File Stem:** 0001208646-23-000018
**Filing Date:** 2023-3
**Character Count:** 103830
**Document Hash:** dc4d0a31f375870f0a3bfd92354fea65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001208646-23-000018.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001208646-23-000018

**CONFORMED SUBMISSION TYPE**: 10-K/A

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**ABS ASSET CLASS**: Credit card

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barclays Dryrock Issuance Trust
- **CENTRAL INDEX KEY:** 0001552111
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 306324196
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-182087-01
- **FILM NUMBER:** 23787077

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WILMINGTON TRUST, N.A., RODNEY SQ. N
- **STREET 2:** 1100 NORTH WILMINGTON TRUST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19890
- **BUSINESS PHONE:** 3026511000

**MAIL ADDRESS:**
- **STREET 1:** C/O WILMINGTON TRUST, N.A., RODNEY SQ. N
- **STREET 2:** 1100 NORTH WILMINGTON TRUST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19890

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dryrock Issuance Trust
- **DATE OF NAME CHANGE:** 20120612
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barclays Dryrock Funding LLC
- **CENTRAL INDEX KEY:** 0001551964
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 455441359
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-182087-02
- **FILM NUMBER:** 23787078

**BUSINESS ADDRESS:**
- **STREET 1:** 100 S. WEST STREET, OFFICE 120
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 3022557073

**MAIL ADDRESS:**
- **STREET 1:** 100 S. WEST STREET, OFFICE 120
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dryrock Funding LLC
- **DATE OF NAME CHANGE:** 20120608

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**<u>___________________</u><br>FORM 10-K/A<br> <u>___________________</u>**

**(Mark One)**

---

| | |
|:---|:---|
| &nbsp;&nbsp;🗷 | &nbsp;&nbsp;**ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|  | &nbsp;&nbsp;**For the fiscal year ended: December 31, 2022** |
|  | &nbsp;&nbsp;**or** |
| &nbsp;&nbsp; □ | &nbsp;&nbsp;**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|  | &nbsp;&nbsp;**For Transition period _______________** |

---

**Commission File Number of issuing entity: 333-205943, 333-228394, 333-264933<br> Central Index Key Number of issuing entity: 0001552111**

**BARCLAYS DRYROCK ISSUANCE TRUST**

**(Exact Name of Issuing Entity as Specified in Its Charter)<br> (Issuer of the Notes)**

**Central Index Key Number of depositor: 0001551964**

**BARCLAYS DRYROCK FUNDING LLC**

**(Exact Name of Depositor as Specified in Its Charter)**

**Central Index Key Number of sponsor: 0001551423**

**BARCLAYS BANK DELAWARE**

**(Exact Name of Sponsor as Specified in Its Charter)**

**Delaware**

**(State or Other Jurisdiction of Incorporation<br> or Organization of the Issuing Entity)**

**c/o Wilmington Trust, National Association<br> Rodney Square North<br> 1100 North Market Street<br> Wilmington, DE 19890**

**(Address of Principal Executive Offices<br> of Issuing Entity)**

**(302) 651-1000**

**(Telephone number, including area code)**

**30-6324196**

**(I.R.S. Employer Identification No.)**

**Not Applicable<br> (Former name, former address, if changed since last report)**

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. □ Yes 🗷 No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. □ Yes 🗷 No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.<br> 🗷 Yes □ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). 🗷 Yes □ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer □<br> Accelerated filer □<br> Non-accelerated filer 🗷<br> Smaller reporting company □<br> Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. □

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).<br> □ Yes 🗷 No<br>

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

Registrant has no voting or non-voting common equity outstanding held by non-affiliates as of the date of this report, has not been involved in bankruptcy proceedings during the past five years and is not a corporate registrant.

Documents Incorporated by Reference. **None.** 

**EXPLANATORY NOTES**

This amended 10-K is being filed solely to add the depositor as a co-registrant.

Pursuant to an Assignment and Assumption Agreement, dated as of January 27, 2022 between U.S. Bank National Association ("U.S. Bank N.A.") and U.S. Bank Trust Company, National Association ("U.S. Bank Trust Co.") and as a result of the transfer of substantially all of U.S. Bank N.A.'s corporate trust business to U.S. Bank Trust Co., effective as of May 1, 2022, U.S. Bank Trust Co. succeeded U.S. Bank N.A. as the indenture trustee, note registrar and paying agent under the Indenture between Issuing Entity and U.S. Bank N.A., dated August 1, 2012, as amended and restated as of December 17, 2013 (the "Indenture"), for the benefit of the noteholders. The duties and responsibilities of the indenture trustee, limitations on the indenture trustee's liability and indemnification under the transaction agreements and the contractual provisions regarding the indenture trustee's removal, replacement or resignation under the transaction agreements and other information contemplated by Item 1109(a)(3) through (6) of Regulation AB remains unchanged from the information described in the final prospectus, dated April 13, 2022 and filed with the Commission on April 14, 2022. U.S. Bank N.A. and U.S. Bank Trust Co. do not bifurcate their platforms, so they have provided a single Item 1122(d) report on assessment of compliance.

**PART I**

**The following Items have been omitted in accordance with General Instruction J to Form 10–K:**

Item 1: Business.

Item 1A: Risk Factors.

Item 2: Properties.

Item 3: Legal Proceedings.

**Item 1B. Unresolved Staff Comments.**

Not Applicable.

**Item 4: Mine Safety Disclosures.**

Not Applicable.

**PART II**

**The following Items have been omitted in accordance with General Instruction J to Form 10–K:**

---

| | |
|:---|:---|
| Item 5: | Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. |
| Item 7: | Management's Discussion and Analysis of Financial Condition and Results of Operations. |
| Item 7A: | Quantitative and Qualitative Disclosures about Market Risk. |
| Item 8: | Financial Statements and Supplementary Data. |
| Item 9: | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. |
| Item 9A: | Controls and Procedures. |

---

**Item 9B: Other Information.**

None.

**PART III**

**The following Items have been omitted in accordance with General Instruction J to Form 10–K:**

Item 10: Directors, Executive Officers and Corporate Governance. <br> Item 11: Executive Compensation. <br> Item 12: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Item 13: Certain Relationships and Related Transactions, and Director Independence. <br> Item 14: Principal Accounting Fees and Services.

**PART IV**

**Item 15. Exhibit and Financial Statement Schedules.**

(a)(1) Not Applicable.

(a)(2) Not Applicable.

(a)(3) See Item 15(b) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Exhibits

The exhibits listed below are either included or incorporated by reference as indicated:

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| [3.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex99-1.htm) | [Second Amended and Restated Limited Liability Company Agreement of Barclays Dryrock Funding LLC dated as of June 7, 2012, as amended and restated as of August 1, 2012 and as further amended and restated as of December 17, 2013 (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 18, 2013 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex99-1.htm) |
| [3.1.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864616000139/ex3-1.htm) | [First Amendment to Second Amended and Restated Limited Liability Company Agreement of Barclays Dryrock Funding LLC dated as of May 13, 2016 (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on May 13, 2016 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864616000139/ex3-1.htm) |
| [4.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-1.htm) | [Amended and Restated Receivables Purchase Agreement dated as of August 1, 2012, as amended and restated as of December 17, 2013, between Barclays Dryrock Funding LLC and Barclays Bank Delaware (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 18, 2013 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-1.htm) |
| [4.1.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000057/ex10-1.htm) | [First Amendment to Amended and Restated Receivables Purchase Agreement dated as of April 1, 2022, among Barclays Bank Delaware and Barclays Dryrock Funding LLC (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on May 8, 2022 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000057/ex10-1.htm) |
| [4.2](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-2.htm) | [Amended and Restated Transfer Agreement dated as of August 1, 2012, as amended and restated as of December 17, 2013, among Barclays Dryrock Funding LLC, Barclays Dryrock Issuance Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 18, 2013 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-2.htm) |
| [4.2.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864617000016/ex4_2.htm) | [First Amendment to Amended and Restated Transfer Agreement dated as of March 1, 2017, among Barclays Dryrock Funding LLC, Barclays Dryrock Issuance Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 1, 2017 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864617000016/ex4_2.htm) |

---

---

| | |
|:---|:---|
| [4.2.2](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000057/ex10-2.htm) | [Second Amendment to Amended and Restated Transfer Agreement dated as of April 1, 2022, among Barclays Dryrock Funding LLC, Barclays Dryrock Issuance Trust and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on May 8, 2022 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000057/ex10-2.htm) |
| [4.3](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-3.htm) | [Amended and Restated Indenture for the Notes dated as of August 1, 2012, as amended and restated as of December 17, 2013, between Barclays Dryrock Issuance Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.3 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 18, 2013 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-3.htm) |
| [4.3.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864615000070/ex_4-1.htm) | [First Amendment to Amended and Restated Indenture for the Notes dated as of July 6, 2015, between Barclays Dryrock Issuance Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2015 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864615000070/ex_4-1.htm) |
| [4.4.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864618000107/ex4-2.htm) | [Omnibus Amendment to Indenture Supplements and Amended and Restated Indenture dated as of September 21, 2018 between Barclays Dryrock Issuance Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 26, 2018 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864618000107/ex4-2.htm) |
| [4.4.2](http://www.sec.gov/Archives/edgar/data/1552111/000120864619000073/ex4-1.htm) | [Series 2019-1 Indenture Supplement for the Notes dated as of August 15, 2019 between Barclays Dryrock Issuance Trust and U.S. Bank National Association, and acknowledged and agreed to by Barclays Bank Delaware and Barclays Dryrock Funding LLC (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on August 19, 2019 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864619000073/ex4-1.htm) |
| [4.4.3](http://www.sec.gov/Archives/edgar/data/1552111/000120864621000082/ex4-1.htm) | [Series 2021-1 Indenture Supplement for the Notes dated as of September 22, 2021 between Barclays Dryrock Issuance Trust and U.S. Bank National Association, and acknowledged and agreed to by Barclays Bank Delaware and Barclays Dryrock Funding LLC (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 22, 2021 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864621000082/ex4-1.htm) |
| [4.4.4](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000052/ex4-1.htm) | [Series 2022-1 Indenture Supplement for the Notes dated as of April 21, 2022 between Barclays Dryrock Issuance Trust and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), and acknowledged and agreed to by Barclays Bank Delaware and Barclays Dryrock Funding LLC (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on April 21, 2022 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000052/ex4-1.htm) |
| [4.5](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-5.htm) | [Amended and Restated Servicing Agreement dated as of August 1, 2012, as amended and restated as of December 17, 2013, among Barclays Dryrock Funding LLC, Barclays Bank Delaware, Barclays Dryrock Issuance Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.5 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 18, 2013 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex4-5.htm) |
| [10.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex99-2.htm) | [Second Amended and Restated Trust Agreement dated as of June 8, 2012, as amended and restated as of August 1, 2012 and as further amended and restated as of December 17, 2013, between Barclays Dryrock Funding LLC and Wilmington Trust, National Association (incorporated by reference to Exhibit 99.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 18, 2013 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864613000352/ex99-2.htm) |

---

---

| | |
|:---|:---|
| [10.1.1](http://www.sec.gov/Archives/edgar/data/1552111/000120864615000070/ex_99-1.htm) | [First Amendment to Second Amended and Restated Trust Agreement dated as of July 6, 2015, between Barclays Dryrock Funding LLC and Wilmington Trust, National Association (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2015 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864615000070/ex_99-1.htm) |
| [10.2](http://www.sec.gov/Archives/edgar/data/1552111/000120864616000139/ex10-1.htm) | [Asset Representations Reviewer Agreement dated as of May 13, 2016, by and among Barclays Bank Delaware, Clayton Fixed Income Services LLC and Barclays Dryrock Issuance Trust (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K files with the Securities and Exchange Commission on May 13, 2016 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864616000139/ex10-1.htm) |
| [10.3](http://www.sec.gov/Archives/edgar/data/1552111/000120864616000172/c112435_ex99.htm) | [Second Amended and Restated Seller Agreement dated as of August 1, 2012, as amended and restated as of December 17, 2013 and as amended and restated as of November 1, 2016, between Barclays Dryrock Funding LLC and Barclays Bank Delaware (incorporated by reference to Exhibit 99 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on November 1, 2016 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864616000172/c112435_ex99.htm) |
| [10.4](http://www.sec.gov/Archives/edgar/data/1552111/000120864612000224/ex_99-4.htm) | [Services Agreement dated as of July 31, 2012 between Barclays Bank PLC and Barclays Bank Delaware (incorporated by reference to Exhibit 99.4 to Amendment No. 2 to Form S-3 Registration Statement filed with the Securities and Exchange Commission on August 13, 2012 (File Nos. 333-182087, 333-182087-01 and 333-182087-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864612000224/ex_99-4.htm) |
| [10.5](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000054/ex99-1.htm) | [Securities Account Control Agreement dated as of April 29, 2022, among Barclays Dryrock Issuance Trust, Barclays Bank Delaware, U.S. Bank Trust Company, National Association and U.S. Bank National Association (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on May 3, 2022 (File Nos. 333-205943, 333-205943-01 and 333-205943-02)).](http://www.sec.gov/Archives/edgar/data/1552111/000120864622000054/ex99-1.htm) |
| [31.1](ex31-1.htm) | [Rule 13a-14(d)/15d-14(d) under the Securities Exchange Act of 1934 Certification (Section 302 of the Sarbanes-Oxley Act of 2002 Certification).](ex31-1.htm) |
| [33.1](ex33-1.htm) | [Report on Assessment of Compliance with Servicing Criteria for Barclays Bank Delaware.](ex33-1.htm) |
| [33.2](ex33-2.htm) | [Report on Assessment of Compliance with Servicing Criteria for Barclays Bank PLC.](ex33-2.htm) |
| [33.3](ex33-3.htm) | [Report on Assessment of Compliance with Servicing Criteria for U.S. Bank National Association and U.S. Bank Trust Company, National Association.](ex33-3.htm) |
| [34.1](ex34-1.htm) | [Report of Independent Registered Public Accounting Firm concerning servicing activities of Barclays Bank Delaware.](ex34-1.htm) |
| [34.2](ex34-2.htm) | [Report of Independent Registered Public Accounting Firm concerning servicing activities of Barclays Bank PLC.](ex34-2.htm) |
| [34.3](ex34-3.htm) | [Independent Accountants' Attestation Report concerning servicing activities of U.S. Bank National Association and U.S. Bank Trust Company, National Association.](ex34-3.htm) |
| [35.1](ex35-1.htm) | [Servicer Compliance Statement of Barclays Bank Delaware.](ex35-1.htm) |
| [35.2](ex35-2.htm) | [Servicer Compliance Statement of Barclays Bank PLC.](ex35-2.htm) |

---

**Item 16. Form 10-K Summary.**

Not applicable.

**Substitute information provided in accordance with General Instruction J to Form 10–K:**

**Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).**

Not applicable.

**Item 1114(b)(2) of Regulation AB: Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Financial Information).**

Not applicable.

**Item 1115(b) of Regulation AB: Certain Derivatives Instruments (Financial Information).**

Not applicable.

**Item 1117 of Regulation AB: Legal Proceedings.**

Except as set forth below, there are no legal proceedings pending (or proceedings known to be contemplated by governmental authorities) against any of Barclays Bank Delaware, Barclays Dryrock Funding LLC, U.S. Bank National Association, Wilmington Trust, National Association or Barclays Dryrock Issuance Trust, or of which any property of the foregoing is subject, that are material to holders of the notes. BBD is a defendant in a number of putative class action cases commenced in 2005 in various federal district courts by merchants alleging that Visa U.S.A., Inc. ("**Visa**"), MasterCard International ("**MasterCard**") and their member banks conspired to fix interchange fees and unlawfully bundle several separate and distinct services, such as payment protection and transaction processing costs, in violation of the U.S. antitrust laws. The merchants also alleged that the defendants imposed other restraints on merchants in connection with accepting payment cards and that such alleged restraints violated the antitrust laws. Visa, MasterCard, and several other payment card issuing banks are also defendants in the proceedings, which have been consolidated into a single proceeding in the Eastern District of New York, MDL No. 1720.

The merchants' complaints sought an unspecified amount of damages and injunctive relief. By an order dated January 9, 2008, the court dismissed class damage claims prior to January 1, 2004; accordingly, the period over which any damages may be awarded is January 1, 2004 to the date of the award. On July 13, 2012, the parties filed a proposed settlement agreement with the court under which the defendants agreed to pay the class plaintiffs $6.05 billion, to make network rule changes and to give other relief (the "**2012 class settlement**"). The 2012 class settlement included a provision pursuant to which Visa and MasterCard would reduce U.S. interchange rates 10 bps during an eight-month period from July 29, 2013 through March 29, 2014. On the same day, defendants announced that they reached an agreement in principle to settle with a group of individual plaintiffs that were not members of the class. The 2012 class settlement was approved by District Judge John Gleeson on December 13, 2013, who then entered an agreed form of final judgment on January 14, 2014.

A number of merchants, including several large retailers, elected against participation in the 2012 class settlement, "opting out" of that settlement and pursuing separate actions on the same or similar claims as those alleged by the putative class plaintiffs. Some of these merchants commenced new actions against Visa, MasterCard, and certain member banks, not including BBD, which remain pending. Although the class settlement fund was reduced to account for opt-outs, resulting in a refund to BBD of a portion of its share of the class settlement fund, total settlement payments by BBD to opt-out plaintiffs may be higher than the amount of that refund. If so, BBD will be liable for its share of the excess over the refund under the terms of a judgment sharing agreement with Visa, MasterCard, and the other payment card issuing bank defendants. As of the date hereof, Visa and MasterCard have settled a number of these opt-out actions and BBD has contributed to the settlement of those actions in accordance with the judgment sharing agreements. The amount of those settlements has exceeded what each of those plaintiffs would have been paid as a result of the 2012 class settlement.

The National Retail Federation and a number of merchants appealed the judgment entering the 2012 class settlement to the United States Court of Appeals for the Second Circuit. On June 30, 2016, the Second Circuit reversed District Judge Gleeson's ruling approving the 2012 class settlement and remanded the action back to the Eastern District of New York. Following remand of the case, the District Court reappointed counsel to represent members of the putative class seeking primarily (but not exclusively) damages pursuant to Federal Rule of Civil Procedure

23(b)(3) and appointed new counsel to represent class members seeking primarily equitable relief pursuant to Federal Rule of Civil Procedure 23(b)(2).

Counsel for the Rule 23(b)(3) putative class members moved for leave to file an amended complaint adding factual allegations and legal theories to conform to developments in the law, as well as damage claims for additional years of alleged damages. On September 27, 2017, Magistrate Judge James Orenstein granted the Rule 23(b)(3) plaintiffs' motion to amend in part and denied it in part, allowing the plaintiffs to amend their complaints to add their additional legal and factual theories, but holding that those theories would only apply to the preceding four years and would not relate back to the date of filing of the initial complaints in 2005. On October 30, 2017, the Rule 23(b)(3) plaintiffs filed their amended complaint.

The Rule 23(b)(3) plaintiffs also appealed Magistrate Judge Orenstein's ruling to District Judge Margo Brodie. On August 30, 2018, District Judge Brodie set aside Magistrate Judge Orenstein's ruling, holding that plaintiffs' additional legal and factual theories related back to the original filing dates for the Rule 23(b)(3) complaints and, for similar reasons, that comparable theories advanced by merchants that elected not to participate in the 2012 class settlement and are suing the same defendants separately were entitled to have had their claims considered to be tolled such that they would be treated as timely.

Counsel for the Rule 23(b)(2) putative class members filed a separate complaint seeking broad equitable relief against allegedly anticompetitive conduct as well as Visa and MasterCard network rules (the "**Rule 23(b)(2) Class Action**"). On January 16, 2019, BBD and the other bank defendants moved to dismiss the Rule 23(b)(2) class plaintiffs' claims. On November 20, 2019, the Court denied the bank defendants' motion to dismiss. BBD and the other bank defendants filed answers to the complaint on May 18, 2020. On June 1, 2020, defendants and the Rule 23(b)(2) class plaintiffs each moved for summary judgment on various issues, which motions have been fully briefed as of December 21, 2020 and are pending before the District Court. On December 18, 2020, the Rule 23(b)(2) class plaintiffs moved to certify a class, and District Judge Brodie granted the motion for class certification on September 27, 2021.

On September 17, 2018, all defendants entered into a settlement agreement with the Rule 23(b)(3) class plaintiffs to resolve their claims (the "**Settlement Agreement**"). The Settlement Agreement amends and supersedes the 2012 class settlement. The Settlement Agreement resolves the damages claims of the plaintiffs in the interchange fee litigation pending in the United States District Court for the Eastern District of New York, subject to any of those plaintiffs choosing to opt out of the Settlement Agreement and pursue their own actions, with the class plaintiffs agreeing to receive $6.20 billion to settle this matter. BBD has contributed to the class settlement in accordance with the judgment sharing agreements. On December 13, 2019, the United States District Court for the Eastern District of New York granted final approval of the Settlement Agreement (the "**(b)(3) Class Settlement Final Approval**"). Several objectors have filed appeals in connection with the (b)(3) Class Settlement Final Approval. The appeals have been fully briefed, and the Second Circuit heard those appeals on March 16, 2022. On July 8, 2022, the Second Circuit requested that the District Court confirm that its order approving the 2018 Settlement could be certified as a final judgment for assessment by the Second Circuit, notwithstanding the District Court's stated intention to appoint a special master to resolve certain disputes related to who may claim settlement funds. On July 18, 2022, the District Court issued an order confirming that all other aspects of the Damages Settlement constituted a final judgment. A final decision on the appeal remains pending.

On July 20, 2019, forty-five merchants filed an opt-out suit in the Northern District of California, asserting claims against Visa and MasterCard that are generally similar to the claims raised by the Rule 23(b)(3) plaintiffs. This suit was transferred to the Eastern District of New York to be coordinated with the MDL No. 1720 proceedings. Since July 2019, several additional opt-out claims have been initiated, and BBD anticipates that additional opt-out claims may be initiated. While the Settlement Agreement provides that the class settlement fund will be reduced to account for opt-outs, resulting in a refund to BBD of a portion of its share of the class settlement fund provided by the Settlement Agreement, total settlement payments by BBD to opt-out plaintiffs that opt out of the Settlement Agreement may be higher than the amount of that refund. If so, BBD will be liable for its share of the excess over the refund under the terms of a judgment sharing agreement with Visa, MasterCard, and the other payment card issuing bank defendants. As of the date hereof, Visa and MasterCard have settled a number of these additional opt-out actions, and BBD has contributed to the settlement of those actions in accordance with the judgment sharing agreements.

Because of the inherent uncertainties involved in the Rule 23(b)(2) Class Action, the "opt-out" plaintiffs' actions arising from the 2012 class settlement, and the prospect of additional "opt-out" plaintiffs' actions arising from the Settlement Agreement, it is too early to reliably estimate the ultimate liability BBD may incur or whether the results could be material to the operation or cash flows of BBD. Any reduction in the interchange fees paid by merchants to banks could adversely impact the business operations of credit card issuers, such as BBD, and could reduce the amount of interchange included in finance charge collections.

**Item 1119 of Regulation AB: Affiliations and Certain Relationships and Related Transactions***.*

Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

**Item 1122 of Regulation AB: Compliance with Applicable Servicing Criteria.**

Each of BBD, Barclays Bank PLC ("BBPLC"), U.S. Bank National Association and U.S. Bank Trust Company, National Association (each, a "Servicing Participant") has been identified by the registrant as a party participating in the servicing function with respect to the pool assets held by the Trust. Each Servicing Participant has completed a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report on Assessment") as of, and for the period from January 1, 2022 to December 31, 2022 (or portion thereof, if applicable), which Reports on Assessment are included as exhibits to this Form 10-K. In addition, each Servicing Participant has provided an attestation report (each, an "Attestation Report") by a registered independent public accounting firm regarding its related Report on Assessment. Each Attestation Report is attached as an exhibit to this Form 10-K. No Report on Assessment or related Attestation Report has identified: (i) any material instance of noncompliance with the servicing criteria identified in such Report on Assessment as applicable to the related Servicing Participant or (ii) any material deficiency in such Servicing Participant's policies and procedures to monitor vendor compliance.

**Item 1123 of Regulation AB: Servicer Compliance Statement.**

Each of BBD and BBPLC has been identified by the registrant as a servicer meeting the criteria of Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB with respect to the pool assets held by the Trust. Each of these servicers has provided a statement of compliance (a "Compliance Statement"), which has been signed by an authorized officer of such related servicer. Each Compliance Statement is attached as an exhibit to this Form 10-K.

**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.

Date: March 31, 2023

---

| | |
|:---|:---|
| **Barclays Dryrock Funding LLC** | **Barclays Dryrock Funding LLC** |
| By: | <u>/s/ Wai Chung</u> |
|  | Name: Wai Chung\* |
|  | Title: Treasurer |
|  | &nbsp;&nbsp; \*Wai Chung is the senior officer in<br> charge of the securitization of Barclays Dryrock <br> Funding LLC |

---

**Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act.**

No annual report or proxy materials have been sent to security holders and no such report or proxy materials are to be furnished to security holders subject to the filing of this Annual Report on Form 10-K.

## Exhibit 31.1

**Exhibit 31.1**

**Rule 13a-14(d)/15d-14(d) under the Securities Exchange Act of 1934 Certification<br> (Section 302 of the Sarbanes-Oxley Act of 2002 Certification).**

**CERTIFICATION**

I, Wai Chung, certify that:

1. I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of Barclays Dryrock Issuance Trust (the "Exchange Act periodic reports");

2. Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;

4. Based on my knowledge and the servicer compliance statements required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicers have fulfilled their obligations under the servicing agreements in all material respects; and

5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: U.S. Bank National Association and U.S. Bank Trust Company, National Association.

Date: March 24, 2023

---

| | |
|:---|:---|
| By: | <u>/s/ Wai Chung</u> |
|  | Name: Wai Chung\* |
|  | Title: Treasurer |
|  | Barclays Dryrock Funding LLC |
|  | \*Wai Chung is the senior officer in<br> charge of the securitization of Barclays <br> Dryrock Funding LLC |
|  | \*Wai Chung is the senior officer in<br> charge of the securitization of Barclays <br> Dryrock Funding LLC |
|  | \*Wai Chung is the senior officer in<br> charge of the securitization of Barclays <br> Dryrock Funding LLC |

---

## Exhibit 33.1

**Exhibit 33.1**

**Barclays Bank Delaware<br> Report on Assessment of Compliance with Servicing Criteria**

1. Barclays Bank Delaware (the "Asserting Party") is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the period from January 1, 2022 to December 31, 2022 (the "Reporting Period"), as set forth in Appendix A hereto. The transactions covered by this report include asset-backed securities transactions backed by credit card receivables, for which transactions the Asserting Party acted as servicer, that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period (the "Platform"), as listed in Appendix B hereto;

2. The Asserting Party has engaged certain vendors, who are not considered a "servicer" as defined in Item 1101(j) of Regulation AB, to perform specific, limited or scripted activities, and the Asserting Party elects to take responsibility for assessing compliance with the servicing criteria or portion of the servicing criteria applicable to such vendor's activities as set forth in Appendix A hereto, as permitted by Section 200.06 of the SEC Division of Corporation Finance Compliance and Disclosure Interpretations. The Asserting Party has policies and procedures in place designed to provide reasonable assurance that the vendor activities comply in all material respects with the servicing criteria applicable to such vendor.

3. Except as set forth in paragraph 4 below, the Asserting Party used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance by the Asserting Party, with the applicable servicing criteria;

4. The criteria listed in the column titled "Inapplicable Servicing Criteria" on Appendix A hereto are inapplicable to the Asserting Party based on the activities the Asserting Party performs, directly or through its vendors, with respect to the Platform;

5. The Asserting Party has complied, in all material respects, with the applicable servicing criteria as of December 31, 2022 and for the Reporting Period with respect to the Platform taken as a whole; and

6. KPMG LLP, an independent registered public accounting firm, has issued an attestation report on the Asserting Party's assessment of compliance with the applicable servicing criteria as of December 31, 2022 and for the Reporting Period.

March 24, 2023

---

| | |
|:---|:---|
| **BARCLAYS BANK DELAWARE** | **BARCLAYS BANK DELAWARE** |
| By: | <u> </u><u>/s/ Angelo Del Giudice</u> |
|  | Name: /s/ Angelo Del Giudice |
|  | Title: Chief Financial Officer |

---

**APPENDIX A**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Performed Directly by Asserting Party*** | &nbsp;&nbsp;***Performed by vendor(s) for which Asserting Party is the Responsible Party*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |  |
|  | &nbsp;&nbsp;**General Servicing Considerations** |  |  |  |
| &nbsp;&nbsp;1122(d)(1)(i) | &nbsp;&nbsp;Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(1)(ii) | &nbsp;&nbsp;If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(1)(iii) | &nbsp;&nbsp;Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(1)(iv) | &nbsp;&nbsp;A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(1)(v) | &nbsp;&nbsp;Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. | &nbsp;&nbsp;⌧ |  |  |
|  | &nbsp;&nbsp;**Cash Collection and Administration** |  |  |  |
| &nbsp;&nbsp;1122(d)(2)(i) | &nbsp;&nbsp;Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements. | &nbsp;&nbsp;⌧<sup>1</sup> |  |  |
| &nbsp;&nbsp;1122(d)(2)(ii) | &nbsp;&nbsp;Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. |  |  | &nbsp;&nbsp;⌧ |

---

---

| | |
|:---|:---|
| 1 | The Asserting Party was responsible for sending payments on the pool assets to U.S. Bank National Association, as indenture trustee (the "Trustee"), for the transactions included in the Asserting Party's Platform. The Trustee was responsible for depositing such payments on the pool assets into the appropriate custodial bank accounts. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Performed Directly by Asserting Party*** | &nbsp;&nbsp;***Performed by vendor(s) for which Asserting Party is the Responsible Party*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |  |
| &nbsp;&nbsp;1122(d)(2)(iii) | &nbsp;&nbsp;Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(iv) | &nbsp;&nbsp;The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | &nbsp;&nbsp;⌧<sup>2</sup> |  |  |
| &nbsp;&nbsp;1122(d)(2)(v) | &nbsp;&nbsp;Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(vi) | &nbsp;&nbsp;Unissued checks are safeguarded so as to prevent unauthorized access. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(vii) | &nbsp;&nbsp;Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations (A) are mathematically accurate; (B) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | &nbsp;&nbsp;⌧ |  |  |

---

2 The Trustee was responsible for opening and maintaining such custodial bank accounts at the direction of the Asserting Party.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Performed Directly by Asserting Party*** | &nbsp;&nbsp;***Performed by vendor(s) for which Asserting Party is the Responsible Party*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |  |
|  | &nbsp;&nbsp;**Investor Remittances and Reporting** |  |  |  |
| &nbsp;&nbsp;1122(d)(3)(i) | &nbsp;&nbsp;Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. | &nbsp;&nbsp;⌧<sup>3</sup> |  |  |
| &nbsp;&nbsp;1122(d)(3)(ii) | &nbsp;&nbsp;Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. | &nbsp;&nbsp;⌧[4](#note_ftn4) |  |  |
| &nbsp;&nbsp;1122(d)(3)(iii) | &nbsp;&nbsp;Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(3)(iv) | &nbsp;&nbsp;Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. |  |  | &nbsp;&nbsp;⌧ |

---

---

| | |
|:---|:---|
| 3 | Servicing criterion 1122(d)(3)(i) is applicable to the activities performed by Barclays Bank Delaware with respect to the Platform only as it relates to clauses (A) and (C) and the monitoring of Barclays Bank PLC's preparation and filing of investor reports and the signing of investor reports. Such activities do not include any activities relating to the calculation of information contained in reports to investors. |
| 4 | Servicing criterion 1122(d)(3)(ii) is applicable to the activities performed by Barclays Bank Delaware with respect to the Platform only as it relates to the forwarding of allocation and remittance instructions prepared by Barclays Bank PLC to the Trustee. Such activities do not include any activities relating to the calculation of information contained in reports to investors. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Performed Directly by Asserting Party*** | &nbsp;&nbsp;***Performed by vendor(s) for which Asserting Party is the Responsible Party*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |  |
|  | &nbsp;&nbsp;**Pool Asset Administration** |  |  |  |
| &nbsp;&nbsp;1122(d)(4)(i) | &nbsp;&nbsp;Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(ii) | &nbsp;&nbsp;Pool assets and related documents are safeguarded as required by the transaction agreements. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(iii) | &nbsp;&nbsp;Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(iv) | &nbsp;&nbsp;Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(v) | &nbsp;&nbsp;The Servicer's records regarding the pool assets agree with the Servicer's records with respect to an obligor's unpaid principal balance. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(vi) | &nbsp;&nbsp;Changes with respect to the terms or status of an obligor's pool asset (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. | &nbsp;&nbsp;⌧ |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Performed Directly by Asserting Party*** | &nbsp;&nbsp;***Performed by vendor(s) for which Asserting Party is the Responsible Party*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |  |
| &nbsp;&nbsp;1122(d)(4)(vii) | &nbsp;&nbsp;Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(viii) | &nbsp;&nbsp;Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(ix) | &nbsp;&nbsp;Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(x) | &nbsp;&nbsp;Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  |  | &nbsp;&nbsp;⌧ |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Performed Directly by Asserting Party*** | &nbsp;&nbsp;***Performed by vendor(s) for which Asserting Party is the Responsible Party*** | &nbsp;&nbsp;***Non/Applicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |  |
| &nbsp;&nbsp;1122(d)(4)(xi) | &nbsp;&nbsp;Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(xii) | &nbsp;&nbsp;Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(xiii) | &nbsp;&nbsp;Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction agreements. |  |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(xiv) | &nbsp;&nbsp;Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. | &nbsp;&nbsp;⌧ |  |  |
| &nbsp;&nbsp;1122(d)(4)(xv) | &nbsp;&nbsp;Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. |  |  | &nbsp;&nbsp;⌧ |

---

**APPENDIX B**

**Barclays Dryrock Issuance Trust**

Series 2018-VFN1

Series 2018-VFN2

Series 2019-1

Series 2021-1

Series 2022-1

## Exhibit 33.2

**Exhibit 33.2**

**Barclays Bank PLC**

**Report on Assessment of Compliance with Servicing Criteria**

&nbsp;&nbsp;&nbsp;&nbsp;1. Barclays Bank PLC (the "Asserting Party") is responsible for assessing compliance with the
servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the period from January 1, 2022 to
December 31, 2022 (the "Reporting Period"), as set forth in Appendix A hereto. The transactions covered by this report include
asset-backed securities transactions backed by credit card receivables, for which transactions the Asserting Party acted as servicer,
that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related
asset-backed securities were outstanding during the Reporting Period (the "Platform"), as listed in Appendix B hereto;

&nbsp;&nbsp;&nbsp;&nbsp;2. Except as set forth in paragraph 3 below, the Asserting Party used the criteria set forth in paragraph
(d) of Item 1122 of Regulation AB to assess the compliance by the Asserting Party, with the applicable servicing criteria;

&nbsp;&nbsp;&nbsp;&nbsp;3. The criteria listed in the column titled "Inapplicable Servicing Criteria" on Appendix A hereto
are inapplicable to the Asserting Party based on the activities the Asserting Party performs with respect to the Platform;

&nbsp;&nbsp;&nbsp;&nbsp;4. The Asserting Party has complied, in all material respects, with the applicable servicing criteria as
of December 31, 2022 and for the Reporting Period with respect to the Platform taken as a whole; and

&nbsp;&nbsp;&nbsp;&nbsp;5. KPMG LLP, an independent registered public accounting firm, has issued an attestation report on the Asserting
Party's assessment of compliance with the applicable servicing criteria as of December 31, 2022 and for the Reporting Period.

---

| | | |
|:---|:---|:---|
| March 24, 2023 | March 24, 2023 | March 24, 2023 |
| **BARCLAYS BANK PLC** | **BARCLAYS BANK PLC** | **BARCLAYS BANK PLC** |
| By: | <u>/s/ Mark Beastall</u> | <u>/s/ Mark Beastall</u> |
|  | Name: | Mark Beastall |
|  | Title: | Financial Controller |

---

**APPENDIX A**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Inapplicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |
|  | &nbsp;&nbsp;**General Servicing Considerations** |  |  |
| &nbsp;&nbsp;1122(d)(1)(i) | &nbsp;&nbsp;Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | &nbsp;&nbsp;⌧ |  |
| &nbsp;&nbsp;1122(d)(1)(ii) | &nbsp;&nbsp;If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(1)(iii) | &nbsp;&nbsp;Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(1)(iv) | &nbsp;&nbsp;A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(1)(v) | &nbsp;&nbsp;Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. | &nbsp;&nbsp;⌧ |  |
|  | &nbsp;&nbsp;**Cash Collection and Administration** |  |  |
| &nbsp;&nbsp;1122(d)(2)(i) | &nbsp;&nbsp;Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(ii) | &nbsp;&nbsp;Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. |  | &nbsp;&nbsp;⌧ |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Inapplicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |
| &nbsp;&nbsp;1122(d)(2)(iii) | &nbsp;&nbsp;Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(iv) | &nbsp;&nbsp;The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(v) | &nbsp;&nbsp;Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(vi) | &nbsp;&nbsp;Unissued checks are safeguarded so as to prevent unauthorized access. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(2)(vii) | &nbsp;&nbsp;Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations (A) are mathematically accurate; (B) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp;⌧ |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Inapplicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |
|  | &nbsp;&nbsp;**Investor Remittances and Reporting** |  |  |
| &nbsp;&nbsp;1122(d)(3)(i) | &nbsp;&nbsp;Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. | &nbsp;&nbsp;⌧<sup>1</sup> |  |
| &nbsp;&nbsp;1122(d)(3)(ii) | &nbsp;&nbsp;Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. | &nbsp;&nbsp;⌧<sup>2</sup> |  |
| &nbsp;&nbsp;1122(d)(3)(iii) | &nbsp;&nbsp;Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(3)(iv) | &nbsp;&nbsp;Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. |  | &nbsp;&nbsp;⌧ |
|  | &nbsp;&nbsp;**Pool Asset Administration** |  |  |
| &nbsp;&nbsp;1122(d)(4)(i) | &nbsp;&nbsp;Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. |  | &nbsp;&nbsp;⌧ |

---

---

| | |
|:---|:---|
| 1 | Servicing criterion 1122(d)(3)(i) is applicable to the activities performed by Barclays Bank PLC with respect to the Platform; however, Barclays Bank Delaware is responsible for the signing of investor reports prepared by Barclays Bank PLC and monitors performance of Barclays Bank PLC's preparation and filing of investor reports. |
| 2 | Servicing criterion 1122(d)(3)(ii) is applicable to the activities performed by Barclays Bank PLC with respect to the Platform; however, Barclays Bank Delaware is responsible for the forwarding of allocation and remittance instructions prepared by Barclays Bank PLC to the Trustee. |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Inapplicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |
| &nbsp;&nbsp;1122(d)(4)(ii) | &nbsp;&nbsp;Pool assets and related documents are safeguarded as required by the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(iii) | &nbsp;&nbsp;Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(iv) | &nbsp;&nbsp;Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(v) | &nbsp;&nbsp;The Servicer's records regarding the pool assets agree with the Servicer's records with respect to an obligor's unpaid principal balance. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(vi) | &nbsp;&nbsp;Changes with respect to the terms or status of an obligor's pool asset (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(vii) | &nbsp;&nbsp;Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. |  | &nbsp;&nbsp;⌧ |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Inapplicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |
| &nbsp;&nbsp;1122(d)(4)(viii) | &nbsp;&nbsp;Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(ix) | &nbsp;&nbsp;Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(x) | &nbsp;&nbsp;Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(xi) | &nbsp;&nbsp;Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp;⌧ |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Servicing Criteria*** | &nbsp;&nbsp;***Applicable Servicing Criteria for Servicer*** | &nbsp;&nbsp;***Inapplicable Servicing Criteria*** |
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Criteria** |  |  |
| &nbsp;&nbsp;1122(d)(4)(xii) | &nbsp;&nbsp;Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(xiii) | &nbsp;&nbsp;Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(xiv) | &nbsp;&nbsp;Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. |  | &nbsp;&nbsp;⌧ |
| &nbsp;&nbsp;1122(d)(4)(xv) | &nbsp;&nbsp;Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. |  | &nbsp;&nbsp;⌧ |

---

**APPENDIX B**

**Barclays Dryrock Issuance Trust**

Series 2018-VFN1

Series 2018-VFN2

Series 2019-1

Series 2021-1

Series 2022-1

## Exhibit 33.3

**Exhibit 33.3**

Management's Assertion

Report on Assessment of Compliance with Applicable Servicing Criteria

Management of U.S. Bank National Association and U.S. Bank Trust Company, National Association (collectively "U.S. Bank") is responsible for assessing compliance as of and for the year ended December 31, 2022 with the servicing criteria set forth in Item 1122 (d) of Regulation AB applicable to it as set forth on Exhibit A hereto. This report covers asset backed securities transactions within the **U.S. Bank Corporate Trust Asset-Backed Securities Platform<sup>1</sup> (the "Platform")**

U.S. Bank hereby provides the following report on its assessment of compliance with the servicing criteria set forth in Item 1122 of Regulation AB applicable to it and as described on Exhibit A hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. U.S. Bank is responsible for assessing its compliance with the servicing criteria applicable to it as
noted on the accompanying Exhibit A;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Except as set forth in paragraph 3 below, U.S. Bank used the criteria set forth in paragraph (d) of
Item 1122 of Regulation AB to assess its compliance with the applicable servicing criteria;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The criteria listed in the column titled "Inapplicable Servicing Criteria" on Exhibit A
hereto are inapplicable to U.S. Bank based on the servicing activities it performs directly with respect to the Platform;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. U.S. Bank has complied, in all material respects, with the applicable servicing criteria as of and for
the year ended December 31, 2022; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Ernst & Young, LLP, a registered public accounting firm, has issued an attestation report on U.S. Bank's assessment of compliance
with the applicable servicing criteria as of and for the year ended December 31, 2022.

---

| | |
|:---|:---|
| 1 | The U.S. Bank Corporate Trust Asset-Backed Securities Platform (the "Platform") consists of the activities involved in the performance of servicing functions for which the Company provides trustee, securities administration, registrar and paying agent services for (i) publicly issued asset-backed and mortgage-backed transactions the securities of which were offered on or after January 1, 2006 and (ii) certain asset-backed transactions for which the Issuer has voluntarily elected to make Regulation AB compliant filings under the Securities Exchange Act of 1934, as amended. |

---

U.S. BANK NATIONAL ASSOCIATION

<u>/s/ John Stern</u> 

Name: John Stern

Title: Executive Vice President

U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION

<u>/s/ John Stern</u> 

Name: John Stern

Title: Executive Vice President

Dated: February 27, 2023

**EXHIBIT A to Management's Assertion**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Servicing Criteria** | &nbsp;&nbsp;**Applicable Servicing Criteria** | &nbsp;&nbsp; **Inapplicable Servicing Criteria** <br>|
| &nbsp;&nbsp; <br> **<u>General Servicing Considerations</u>** | &nbsp;&nbsp; <br> **<u>General Servicing Considerations</u>** | &nbsp;&nbsp; <br> **<u>General Servicing Considerations</u>** | &nbsp;&nbsp; <br> **<u>General Servicing Considerations</u>** |
| &nbsp;&nbsp; <br> 1122(d)(1)(i) | &nbsp;&nbsp; <br> Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(1)(ii) | &nbsp;&nbsp; <br> If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. | &nbsp;&nbsp; <br> **X<sup>2</sup>** |  |
| &nbsp;&nbsp; <br> 1122(d)(1)(iii) | &nbsp;&nbsp; <br> Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are maintained. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(1)(iv) | &nbsp;&nbsp; <br> A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(1)(v) | &nbsp;&nbsp; <br> Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. | &nbsp;&nbsp; <br> **X<sup>3</sup>** |  |
| &nbsp;&nbsp; <br> **<u>Cash Collection and Administration</u>** | &nbsp;&nbsp; <br> **<u>Cash Collection and Administration</u>** | &nbsp;&nbsp; <br> **<u>Cash Collection and Administration</u>** | &nbsp;&nbsp; <br> **<u>Cash Collection and Administration</u>** |
| &nbsp;&nbsp; <br> 1122(d)(2)(i) | &nbsp;&nbsp; <br> Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.<br>| &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(2)(ii) | &nbsp;&nbsp; <br> Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.<br>| &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(2)(iii) | &nbsp;&nbsp; <br> Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.<br>| &nbsp;&nbsp; <br> **X<sup>4</sup>** |  |
| &nbsp;&nbsp; <br> 1122(d)(2)(iv) | &nbsp;&nbsp; <br> The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(2)(v) | &nbsp;&nbsp; <br> Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. | &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(2)(vi) | &nbsp;&nbsp; <br> Unissued checks are safeguarded so as to prevent unauthorized access.<br>| &nbsp;&nbsp; <br> **X** |  |

---

---

| | |
|:---|:---|
| 2 | No servicing activities were performed by the Company that required the servicing criteria to be complied with. |
| 3 | No servicing activities were performed by the Company that required the servicing criteria to be complied with. |
| 4 | No servicing activities were performed by the Company that required the servicing criteria to be complied with. |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Servicing Criteria** | &nbsp;&nbsp;**Applicable Servicing Criteria** | &nbsp;&nbsp; **Inapplicable Servicing Criteria** <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> 1122(d)(2)(vii)<br>| &nbsp;&nbsp; <br> Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> **<u>Investor Remittances and Reporting</u>** | &nbsp;&nbsp; <br> **<u>Investor Remittances and Reporting</u>** | &nbsp;&nbsp; <br> **<u>Investor Remittances and Reporting</u>** | &nbsp;&nbsp; <br> **<u>Investor Remittances and Reporting</u>** |
| &nbsp;&nbsp; <br> 1122(d)(3)(i) | &nbsp;&nbsp; <br> Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of Pool Assets serviced by the Servicer.<br>| &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(3)(ii) | &nbsp;&nbsp; <br> Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.<br>| &nbsp;&nbsp; <br> **X**  |  |
| &nbsp;&nbsp; <br> 1122(d)(3)(iii) | &nbsp;&nbsp; <br> Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements.<br>| &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(3)(iv) | &nbsp;&nbsp; <br> Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. | &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> **<u>Pool Asset Administration</u>** | &nbsp;&nbsp; <br> **<u>Pool Asset Administration</u>** | &nbsp;&nbsp; <br> **<u>Pool Asset Administration</u>** | &nbsp;&nbsp; <br> **<u>Pool Asset Administration</u>** |
| &nbsp;&nbsp; <br> 1122(d)(4)(i) | &nbsp;&nbsp; <br> Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(ii) | &nbsp;&nbsp; <br> Pool assets and related documents are safeguarded as required by the transaction agreements. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(iii) | &nbsp;&nbsp; <br> Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | &nbsp;&nbsp; <br> **X** |  |
| &nbsp;&nbsp; <br> 1122(d)(4)(iv) | &nbsp;&nbsp; <br> Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. |  | &nbsp;&nbsp; <br> **X** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reference** | &nbsp;&nbsp;**Servicing Criteria** | &nbsp;&nbsp;**Applicable Servicing Criteria** | &nbsp;&nbsp; **Inapplicable Servicing Criteria** <br>|
| &nbsp;&nbsp; <br> 1122(d)(4)(v) | &nbsp;&nbsp; <br> The Servicer's records regarding the pool assets agree with the Servicer's records with respect to an obligor's unpaid principal balance. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(vi) | &nbsp;&nbsp; <br> Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(vii) | &nbsp;&nbsp; <br> Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.<br>|  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(viii) | &nbsp;&nbsp; <br> Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).<br>|  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(ix) | &nbsp;&nbsp; <br> Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. |  | &nbsp;&nbsp; <br> **X**<br>|
| &nbsp;&nbsp; <br> 1122(d)(4)(x) | &nbsp;&nbsp; <br> Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp; <br> **X**<br>|
| &nbsp;&nbsp; <br> 1122(d)(4)(xi) | &nbsp;&nbsp; <br> Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(xii) | &nbsp;&nbsp; <br> Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(xiii) | &nbsp;&nbsp; <br> Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction agreements. |  | &nbsp;&nbsp; <br> **X**<br>|
| &nbsp;&nbsp; <br> 1122(d)(4)(xiv) | &nbsp;&nbsp; <br> Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. |  | &nbsp;&nbsp; <br> **X** |
| &nbsp;&nbsp; <br> 1122(d)(4)(xv) | &nbsp;&nbsp; <br> Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. | &nbsp;&nbsp; <br> **X** |  |

---

## Exhibit 34.1

**Exhibit 34.1**

![](image_006.jpg)

KPMG LLP

BNY Mellon Center Suite 3400

500 Grant Street

Pittsburgh, PA 15219-2598

**Report of Independent Registered Public Accounting Firm**

The Board of Directors <br> Barclays Bank Delaware:

We have examined management's assertion, included in the accompanying Report on Assessment of Compliance with Servicing Criteria, that Barclays Bank Delaware (the Company or the Asserting Party) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB (the Servicing Criteria) for the asset-backed securities transactions backed by credit card receivables, for which transactions the Asserting Party acted as servicer, as of and for the year ended December 31, 2022 (the Reporting Period), that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period (the Platform), except for servicing criteria 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(2)(ii), 1122(d)(2)(iii), 1122(d)(2)(v), 1122(d)(2)(vi), 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect to the Platform. The Company has determined that servicing criterion 1122(d)(2)(i) is applicable to the activities performed by the Company with respect to the Platform only as it relates to sending payments on the pool assets to the trustee. The Company has determined that servicing criterion 1122(d)(2)(iv) is applicable to the activities performed by the Company with respect to the Platform only as it relates to providing direction to the Trustee relative to custodial bank account origination and maintenance. The Company has determined that servicing criterion 1122(d)(3)(i) is applicable to the activities performed by the Company with respect to the Platform only as it relates to clauses (A) and (C), the monitoring of the preparation and filing of investor reports and the signing of investor reports. The Company has determined that servicing criterion 1122(d)(3)(ii) is applicable to the activities performed by the Company with respect to the Platform only as it relates to the forwarding of allocation and remittance instructions to the trustee. Appendix B to management's Report on Assessment of Compliance with Servicing Criteria identifies the individual asset-backed transactions and securities defined by management as constituting the Platform. Management is responsible for the Company's compliance with the Servicing Criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the Servicing Criteria based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants to obtain reasonable assurance and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the Servicing Criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the Servicing Criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the Servicing Criteria.

KPMG LLP, a Delaware limited liability partnership and a member firm of <br> the KPMG global organization of independent member firms affiliated with

KPMG International Limited, a private English company limited by guarantee.

![](image_006.jpg)

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

In our opinion, management's assertion that Barclays Bank Delaware complied with the aforementioned Servicing Criteria as of and for the year ended December 31, 2022, is fairly stated, in all material respects.

![KPMG LLP Signature](image_003.jpg)

Pittsburgh, Pennsylvania <br> March 24, 2023

## Exhibit 34.2

**Exhibit 34.2**

![](image_006.jpg)

KPMG LLP

BNY Mellon Center Suite 3400

500 Grant Street

Pittsburgh, PA 15219-2598

**Report of Independent Registered Public Accounting Firm**

The Board of Directors <br> Barclays Bank PLC:

We have examined management's assertion, included in the accompanying Report on Assessment of Compliance with Servicing Criteria, that Barclays Bank PLC (the Company or the Asserting Party) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB (the Servicing Criteria) for the asset-backed securities transactions backed by credit card receivables, for which transactions the Asserting Party acted as servicer as of and for the year ended December 31, 2022 (the Reporting Period), that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period (the Platform), except for servicing criteria 1122(d)(1)(ii), 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(2)(i), 1122(d)(2)(ii), 1122(d)(2)(iii), 1122(d)(2)(iv), 1122(d)(2)(v), 1122(d)(2)(vi), 1122(d)(2)(vii), 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(i), 1122(d)(4)(ii), 1122(d)(4)(iii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv), and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect to the Platform. The Company has determined that servicing criterion 1122(d)(3)(i) is applicable to the activities performed by the Company with respect to the Platform only as it relates to the calculation of information contained in reports to investors. The Company has determined that servicing criterion 1122(d)(3)(ii) is applicable to the activities performed by the Company with respect to the Platform only as it relates to the preparation of the allocation and remittance instructions. Appendix B to management's Report on Assessment of Compliance with Servicing Criteria identifies the individual asset- backed transactions and securities defined by management as constituting the Platform. Management is responsible for the Company's compliance with the Servicing Criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the Servicing Criteria based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants to obtain reasonable assurance and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the Servicing Criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the Servicing Criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the Servicing Criteria.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

KPMG LLP, a Delaware limited liability partnership and a member firm of <br> the KPMG global organization of independent member firms affiliated with

KPMG International Limited, a private English company limited by guarantee.

![](image_006.jpg)

In our opinion, management's assertion that Barclays Bank PLC complied with the aforementioned Servicing Criteria as of and for the year ended December 31, 2022 is fairly stated, in all material respects.

![KPMG LLP Signature](image_005.jpg)

Pittsburgh, Pennsylvania March 24, 2023

## Ex-34

**Exhibit 34.3**

**Report of Independent Registered Public Accounting Firm**

The Board of Directors

U.S. Bank National Association

We have examined management's assertion, included in the accompanying Report on Assessment of Compliance with Applicable Servicing Criteria, that U.S. Bank National Association and U.S. Bank Trust Company, National Association (collectively, the "Company") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the U.S. Bank Corporate Trust Asset-Backed Securities Platform (the "Platform"), for which the Company provides trustee, securities administration, registrar and paying agent services, as of and for the year ended December 31, 2022, except for servicing criteria Items 1122(d)(1)(iii), 1122(d)(4)(i)-(ii), and 1122(d)(4)(iv)-(xiv), which the Company has determined are not applicable to the activities it performs with respect to the servicing platform covered by this report. Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset-backed transactions and securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. Although the Company is responsible for assessing compliance with Items 1122(d)(1)(ii), 1122(d)(1)(v), and 1122(d)(2)(iii) of Regulation AB, there were no servicing activities performed by the Company during the year ended December 31, 2022 that required these servicing criteria to be complied with. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our examination engagement.

Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

In our opinion, management's assertion that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2022, for the U.S. Bank Corporate Trust Asset-Backed Securities Platform is fairly stated, in all material respects.

---

| | |
|:---|:---|
| Minneapolis, Minnesota<br> February 27, 2023 | ![](image_001.jpg) |

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## Exhibit 35.1

**Exhibit 35.1**

**SERVICER COMPLIANCE STATEMENT<br> BARCLAYS BANK DELAWARE<br> BARCLAYS DRYROCK ISSUANCE TRUST**

In connection with the Annual Report on Form 10-K of Barclays Dryrock Issuance Trust for the fiscal year ending December 31, 2022 (the "Report"), the undersigned, a duly authorized officer of Barclays Bank Delaware (the "Servicer"), does hereby certify and represent that:

1. A review of the activities and performance of the Servicer under the Amended and Restated Servicing Agreement dated as of August 1, 2012, as amended and restated as of December 17, 2013, by and among Barclays Dryrock Funding LLC, the Servicer, Barclays Dryrock Issuance Trust and U.S. Bank National Association (the "Agreement") during the period that is the subject of the Report has been made under my supervision.

2. To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Agreement in all material respects throughout the period that is the subject of the Report.

IN WITNESS WHEREOF, the undersigned has duly executed this Servicer Compliance Statement this 24<sup>th</sup> of March 2023.

---

| | |
|:---|:---|
| **BARCLAYS BANK DELAWARE** | **BARCLAYS BANK DELAWARE** |
| By: | <u>/s/ Angelo Del Giudice</u> <br> Name: Angelo Del Giudice<br> Title: Chief Financial Officer |

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## Exhibit 35.2

**Exhibit 35.2**

**SERVICER COMPLIANCE STATEMENT<br> BARCLAYS BANK PLC<br> BARCLAYS DRYROCK ISSUANCE TRUST**

In connection with the Annual Report on Form 10-K of Barclays Dryrock Issuance Trust for the fiscal year ending December 31, 2022 (the "Report"), the undersigned, a duly authorized officer of Barclays Bank PLC (the "Servicer"), does hereby certify and represent that:

1. A review of the activities and performance of the Servicer under the Services Agreement, dated as of July 31, 2012, by and between Barclays Bank Delaware and the Servicer (the "Agreement") during the period that is the subject of the Report has been made under my supervision.

2. To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Agreement in all material respects throughout the period that is the subject of the Report.

IN WITNESS WHEREOF, the undersigned has duly executed this Servicer Compliance Statement this 24<sup>th</sup> of March 2023.

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| | |
|:---|:---|
| **BARCLAYS BANK PLC** | **BARCLAYS BANK PLC** |
| By: | <u>/s/ Mark Beastall</u> <br> Name: Mark Beastall<br> Title: Financial Controller |

---