Document:

The Class A-3-B Swap Transaction Confirmation

 EXHIBIT 10.7 
 SWAP TRANSACTION CONFIRMATION 
  

			
	Date:	  	February 15, 2007
		
	To:	  	 Capital One Auto Finance Trust 2007-A (“Counterparty”)
 c/o Wilmington Trust Company, as Owner Trustee
 1100 North Market Street
 Wilmington, DE 19890-0001
 Attention: Jeanne Oller
 Telephone: (302) 636-6188
 Facsimile: (302) 636-4140

		
		  	 With a copy to: 
 Capital One Auto Finance,
Inc.
 1680 Capital One Drive
 McLean, Virginia 22102

Attention: Director of Securitization
 Telephone:
(703) 720-1000
 Facsimile: (703) 720-2121

		
	From:	  	Barclays Bank PLC (“Barclays”)
		
	Ref. No.	  	1598273B

 Dear Sir: 
 The
purpose of this letter (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a
“Confirmation” as referred to in the ISDA Master Agreement specified below. 
 1. The definitions and provisions contained in (i) the 2000
ISDA Definitions (the “ISDA Definitions”), as published by the International Swaps and Derivatives Association, Inc., and (ii) the Indenture dated as of February 15, 2007 (the “Indenture”) between Counterparty and The
Bank of New York, as Indenture Trustee relating to the issuance by Counterparty of certain debt obligations, are incorporated into this Confirmation. In the event of any inconsistency between the ISDA Definitions and this Confirmation, this
Confirmation will govern. In the event of any inconsistency between the ISDA Definitions and the Indenture, the Indenture will govern. References herein to a “Transaction” shall be deemed to be references to a “Swap Transaction”
for purposes of the ISDA Definitions. Capitalized terms used but not defined herein have the meanings ascribed to them in the Indenture. 
  

					
		  		  	 Trust Swap Confirmation
 Class A-3-B Notes

 2. The terms of the particular Transaction to which the Confirmation relates are as follows: 
  

			
	 Transaction Type:
	  	Interest Rate Swap
		
	 Currency for Payments:
	  	U.S. Dollars
		
	 Notional Amount:
	  	For the initial Calculation Period, the Notional Amount shall be equal to USD 167,000,000. For each subsequent Calculation Period, the Notional Amount shall be equal to the Note Balance of
the Class A-3-B Notes on the first day of such Calculation Period. With respect to any Payment Date, the Note Balance of the Class A-3-B Notes will be determined using the Servicer’s Certificate for the related Determination Date (giving effect
to any reductions of the Note Balance of the Class A-3-B Notes reflected in such Servicer’s Certificate).
		
	 Term:
	  	
		
	 Trade Date:
	  	February 6, 2007
		
	 Effective Date:
	  	February 15, 2007
		
	 Termination Date:
	  	The earlier of (i) the August 2011 Payment Date and (ii) the date on which the Note Balance of the Class A-3-B Notes is reduced to zero.
		
	 Fixed Amounts:
	  	
		
	 Fixed Rate Payer:
	  	Counterparty
		
	 Period End Dates:
	  	Monthly on the 15th of each month, commencing March 15,
2007, through and including the Termination Date; No adjustment.
		
	 Payment Dates:
	  	Monthly on the 15th of each month, commencing March 15,
2007, through and including the Termination Date.
		
	 Business Day Convention:
	  	Following
		
	 Business Day:
	  	New York
		
	 Fixed Rate:
	  	5.203%
		
	 Fixed Rate Day Count
 Fraction:
	  	30/360
		
	 Floating Amounts:
	  	
		
	 Floating Rate Payer:
	  	Barclays
		
	 Period End Dates:
	  	Monthly on the 15th of each month, commencing March 15,
2007, through and including the Termination Date, subject to adjustment in accordance with the Following Business Day Convention.

  

					
		  	Page 2 of 5	  	 Trust Swap Confirmation
 Class A-3-B Notes

			
		
	 Payment Dates:
	  	Monthly on the 15th of each month, commencing March 15,
2007, through and including the Termination Date.
		
	 Business Day Convention:
	  	Following
		
	 Business Day:
	  	New York
		
	 Floating Rate Option:
	  	USD-LIBOR-BBA. In respect of the initial Calculation Period, the Floating Rate Option shall be equal to 5.32% (which rate was Determined two London Business Days prior to the Effective Date
by the Calculation Agent by reference to the Floating Rate Option with a Designated Maturity of Month).
		
	 Designated Maturity:
	  	1 Month.
		
	 Spread:
	  	Plus 0 basis points.
		
	 Floating Rate Day Count
	  	Actual/360
		
	 Fraction:
	  	The first day of each Calculation Period.
		
	 Reset Dates:
	  	Inapplicable
		
	 Compounding:
	  	
		
	 Payments of Floating Amounts:
	  	Barclays agrees that it will use commercially reasonable efforts to make any Floating Amount payments by 12:00 pm (New York City time) on any relevant Floating Amount Payment Date, provided,
however, Counterparty agrees that any failure by Barclays to make any such payment by 12:00 pm (New York City time) on any relevant Floating Amount Payment Date shall not constitute an Event of Default under the Agreement unless and until Barclays
fails to make such payment and such failure constitutes an Event of Default under the Agreement.

 3. The additional provisions of this Confirmation are as follows: 
  

			
	 Calculation Agent:
	  	Barclays
		
	 Payments to Barclays:
	  	 Barclays Bank PLC New York
 FEED: 026002574

Beneficiary: BARCLAYS SWAPS
 Beneficiary Account:
050-01922-8

		
	 Payments to Counterparty:
	  	 The Bank of New York
 ABA: 021000018
 Acct: 993331
 Acct Name: Capital One Auto Finance Trust 2007-A Collection
Account
 Attn: Karim Rochelle 

  

					
		  	Page 3 of 5	  	 Trust Swap Confirmation
 Class A-3-B Notes

 4. Documentation 
 This
Confirmation supplements, forms a part of, and is subject to, the 1992 ISDA Master Agreement dated as of February 15, 2007 (including the Schedule thereto) as amended and supplemented from time to time (the “Agreement”) between you
and us. All provisions contained in the Agreement govern this Confirmation except as expressly modified herein. Unless otherwise provided in the Agreement, this Confirmation is governed by the laws of the State of New York. 
 5. Calculation of Market Quotation or Loss following a designation of an Early Termination Date: 
 Upon designation of an Early Termination Date with respect to this Transaction, the relevant party in calculating the Market Quotation or Loss, as appropriate, for this Transaction shall take into account the
anticipated amortization of the Note Balance of the Class A-3-B Notes for all Calculation Periods that would otherwise have ended on Payment Dates that would otherwise have fallen after such Early Termination Date. 
  

					
		  	Page 4 of 5	  	 Trust Swap Confirmation
 Class A-3-B Notes

 Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of this
Confirmation and returning it to us. 
  

			
	Very truly yours,
	
	BARCLAYS BANK PLC
		
	 By:
	 	/s/ Jay Kim
	 Name:
	 	Jay Kim
	 Title:
	 	Managing Director

 Accepted and confirmed as of the date first above written: 
  

			
	CAPITAL ONE AUTO FINANCE TRUST 2007-A
		
	By:	 	 WILMINGTON TRUST COMPANY, not in its
 individual capacity but solely in its capacity as
 Owner Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

					
		  	Page 5 of 5	  	 Trust Swap Confirmation
 Class A-3-B NotesThe Class A-4 Swap Transaction Confirmation

 EXHIBIT 10.8 
 SWAP TRANSACTION CONFIRMATION 
  

			
	Date:	  	February 15, 2007
		
	To:	  	 Capital One Auto Finance Trust 2007-A (“Counterparty”)
 c/o Wilmington Trust Company,
 as Owner Trustee 1100 North Market Street
 Wilmington, DE 19890-0001
 Attention: Jeanne Oller
 Telephone: (302) 636-6188
 Facsimile: (302) 636-4140

		
		  	 With a copy to: 
 Capital One Auto Finance,
Inc.
 1680 Capital One Drive
 McLean, Virginia 22102

Attention: Director of Securitization
 Telephone: (703) 720-1000

Facsimile: (703) 720-2121

		
	From:	  	Barclays Bank PLC (“Barclays”)
		
	Ref. No.	  	1598281B

 Dear Sir: 
 The
purpose of this letter (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a
“Confirmation” as referred to in the ISDA Master Agreement specified below. 
 1. The definitions and provisions contained in (i) the 2000
ISDA Definitions (the “ISDA Definitions”), as published by the International Swaps and Derivatives Association, Inc., and (ii) the Indenture dated as of February 15, 2007 (the “Indenture”) between Counterparty and The
Bank of New York, as Indenture Trustee relating to the issuance by Counterparty of certain debt obligations, are incorporated into this Confirmation. In the event of any inconsistency between the ISDA Definitions and this Confirmation, this
Confirmation will govern. In the event of any inconsistency between the ISDA Definitions and the Indenture, the Indenture will govern. References herein to a “Transaction” shall be deemed to be references to a “Swap Transaction”
for purposes of the ISDA Definitions. Capitalized terms used but not defined herein have the meanings ascribed to them in the Indenture. 
  

					
		 		 	 Trust Swap Confirmation
 Class A-4 Notes

 2. The terms of the particular Transaction to which the Confirmation relates are as follows: 
  

			
	Transaction Type:	  	Interest Rate Swap
		
	Currency for Payments:	  	U.S. Dollars
		
	Notional Amount:	  	For the initial Calculation Period, the Notional Amount shall be equal to USD 447,000,000. For each subsequent Calculation Period, the Notional Amount shall be equal to the Note Balance of
the Class A-4 Notes on the first day of such Calculation Period. With respect to any Payment Date, the Note Balance of the Class A-4 Notes will be determined using the Servicer’s Certificate for the related Determination Date (giving effect to
any reductions of the Note Balance of the Class A-4 Notes reflected in such Servicer’s Certificate).
		
	Term:	  	
	 Trade Date:
	  	February 6, 2007
	 Effective Date:
	  	February 15, 2007
	 Termination Date:
	  	The earlier of (i) the November 2013 Payment Date and (ii) the date on which the Note Balance of the Class A-4 Notes is reduced to zero.
		
	Fixed Amounts:	  	
	 Fixed Rate Payer:
	  	Counterparty
	 Period End Dates:
	  	Monthly on the 15th of each month, commencing March 15,
2007, through and including the Termination Date; No adjustment.
	 Payment Dates:
	  	Monthly on the 15th of each month, commencing March 15,
2007, through and including the Termination Date.
		
	 Business Day Convention:
	  	Following
		
	 Business Day:
	  	New York
		
	 Fixed Rate:
	  	5.128%
		
	 Fixed Rate Day Count Fraction:
	  	30/360
		
	Floating Amounts:	  	
	 Floating Rate Payer:
	  	Barclays
	 Period End Dates:
	  	Monthly on the 15th of each month, commencing March 15,
2007, through and including the Termination Date, subject to adjustment in accordance with the Following Business Day Convention.

  

					
		 	Page 2 of 5	 	 Trust Swap Confirmation
 Class A-4 Notes

			
	 Payment Dates:
	  	Monthly on the 15th of each month, commencing March 15, 2007,
through and including the Termination Date.
	 Business Day Convention:
	  	Following
	 Business Day:
	  	New York
	 Floating Rate Option:
	  	USD-LIBOR-BBA. In respect of the initial Calculation Period, the Floating Rate Option shall be equal to 5.32% (which rate was Determined two London Business Days prior to the Effective Date by
the Calculation Agent by reference to the Floating Rate Option with a Designated Maturity of 1 Month).
	 Designated Maturity:
	  	1 Month.
		
	 Spread:
	  	Plus 0 basis points.
		
	 Floating Rate Day Count
	  	Actual/360
	 Fraction:
	  	The first day of each Calculation Period.
	 Reset Dates:
	  	Inapplicable
	 Compounding:
	  	
		
	 Payments of Floating Amounts:
	  	Barclays agrees that it will use commercially reasonable efforts to make any Floating Amount payments by 12:00 pm (New York City time) on any relevant Floating Amount Payment Date, provided,
however, Counterparty agrees that any failure by Barclays to make any such payment by 12:00 pm (New York City time) on any relevant Floating Amount Payment Date shall not constitute an Event of Default under the Agreement unless and until Barclays
fails to make such payment and such failure constitutes an Event of Default under the Agreement.

 3. The additional provisions of this Confirmation are as follows: 
  

			
	Calculation Agent:	  	Barclays
		
	Payments to Barclays:	  	 Barclays Bank PLC New York
 FEED: 026002574

Beneficiary: BARCLAYS SWAPS
 Beneficiary Account:
050-01922-8

		
	Payments to Counterparty:	  	 The Bank of New York
 ABA: 021000018
 Acct: 993331
 Acct Name: Capital One Auto Finance Trust 2007-A Collection
Account
 Attn: Karim Rochelle 

  

					
		 	Page 3 of 5	 	 Trust Swap Confirmation
 Class A-4 Notes

 4. Documentation 
 This
Confirmation supplements, forms a part of, and is subject to, the 1992 ISDA Master Agreement dated as of February 15, 2007 (including the Schedule thereto) as amended and supplemented from time to time (the “Agreement”) between you
and us. All provisions contained in the Agreement govern this Confirmation except as expressly modified herein. Unless otherwise provided in the Agreement, this Confirmation is governed by the laws of the State of New York. 
 5. Calculation of Market Quotation or Loss following a designation of an Early Termination Date: 
 Upon designation of an Early Termination Date with respect to this Transaction, the relevant party in calculating the Market Quotation or Loss, as appropriate, for this Transaction shall take into account the
anticipated amortization of the Note Balance of the Class A-4 Notes for all Calculation Periods that would otherwise have ended on Payment Dates that would otherwise have fallen after such Early Termination Date. 
  

					
		 	Page 4 of 5	 	 Trust Swap Confirmation
 Class A-4 Notes

 Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of this
Confirmation and returning it to us. 
  

			
	 Very truly yours,

	
	 BARCLAYS BANK PLC

		
	 By:
	 	 /s/ Jay Kim

	 Name:
	 	Jay Kim
	 Title:
	 	Managing Director

 Accepted and confirmed as of the date first above written: 
  

			
	 CAPITAL ONE AUTO FINANCE TRUST 2007-A

		
	 By:
	 	 WILMINGTON TRUST COMPANY,
 not in its
individual capacity but solely in its capacity as Owner Trustee

		
	By:	 	 /s/ J. Christopher Murphy

	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

					
		 	Page 5 of 5	 	 Trust Swap Confirmation
 Class A-4 Notes

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