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Previous: AFFILIATED MANAGERS GROUP INC, S-1/A, 1997-10-20 |
Next: CHASE CREDIT CARD MASTER TRUST, 8-K, 1997-10-20 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: October 20, 1997
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I"
Series 1995-1, Series 1995-2, Series 1995-3, Series 1996-1,
Series 1996-2 and Series 1996-3)
------------------------------------------------------------------
(Issuer of Securities)
THE CHASE MANHATTAN BANK (formerly known as 'Chemical Bank')
(Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
New York 33-94190 13-4994650
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
270 Park Avenue, New York 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
<PAGE>
Item 5. Other Events.
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On or about October 15, 1997 Monthly Interest as defined in the Pooling
and Servicing Agreement dated as of October 19, 1995 (the "Agreement")
between The Chase Manhattan Bank (formerly known as 'Chemical Bank') and
The Bank of New York, as Trustee (the "Trustee"), was distributed to holders
("Certificateholders") of participations in the Chase Credit Card Master
Trust (formerly known as "Chemical Master Credit Card Trust I") for
for Series 1995-1, 1995-2, 1995-3, 1996-1, 1996-2 and 1996-3 in accordance
with the Agreement. Copies of the applicable Monthly Reports, as defined in
the Agreement, have been furnished to each Certificateholders in accordance
with the Agreement. Copies of those Monthly Reports are being filed
as exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
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Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
October 15, 1997 distribution
<PAGE>
SIGNATURES
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Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE CHASE MANHATTAN BANK
As Servicer
By: /s/ Frank DeGenova
--------------------
Name: Frank DeGenova
Title: Vice President
Dated: October 20, 1997
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
---------- -----------
20.1 Monthly Reports with respect to the
October 15, 1997 distribution
<TABLE>
<CAPTION>
Exhibit 20.1
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Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card
Master Trust
Series 1995-1
Section 5.2 - Supplement Class A Class B Collateral Total
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<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 3,610,156.25 307,096.35 402,204.24 4,319,456.85
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 71,380,376.27 5,948,364.69 7,647,897.46 84,976,638.41
(iv) Collections of Finance Charge Receivables 11,103,091.39 925,257.62 1,189,619.93 13,217,965.94
(v) Aggregate Amount of Principal Receivables 13,380,578,992.65
Investor Interest 750,000,000.00 62,500,000.00 80,357,142.86 892,857,142.86
Adjusted Interest 750,000,000.00 62,500,000.00 80,357,142.86 892,857,142.86
Series
Floating Investor Percentage 6.67% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 6.67% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.74%
30 to 59 days 1.79%
60 to 89 days 1.22%
90 or more days 2.24%
Total Receivables 100.00%
(vi) Investor Default Amount 4,642,391.88 386,865.99 497,399.13 5,526,657.00
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 625,000.00 52,083.33 66,964.29 744,047.62
(xi) Portfolio Yield (Net of Defaulted Receivables) 10.34%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 750,000,000.00 62,500,000.00 80,357,142.86 892,857,142.86
(xiv) LIBOR 5.6563%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii)Principal Investment Funding Shortfall
=============
(xix) Available Funds 10,478,091.39 873,174.28 1,122,652.65 12,473,918.32
(xx) Certificate Rate 5.7763% 5.8963% 6.0063%
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card
Master Trust
Series 1995-2
Section 5.2 - Supplement Class A Class B Collateral Total
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 3,115,000.00 181,245.17 240,878.17 3,537,123.33
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 57,104,301.01 3,244,476.04 4,542,474.10 64,891,251.15
(iv) Collections of Finance Charge Receivables 8,882,473.11 504,672.51 706,573.82 10,093,719.44
(v) Aggregate Amount of Principal Receivables 13,380,578,992.65
Investor Interest 600,000,000.00 34,090,000.00 47,728,181.82 681,818,181.82
Adjusted Interest 600,000,000.00 34,090,000.00 47,728,181.82 681,818,181.82
Series
Floating Investor Percentage 5.10% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 5.10% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.74%
30 to 59 days 1.79%
60 to 89 days 1.22%
90 or more days 2.24%
-------
Total Receivables 100.00%
(vii) Investor Default Amount 3,713,913.51 211,012.19 295,430.57 4,220,356.26
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 500,000.00 28,408.33 39,773.48 568,181.82
(xi) Portfolio Yield (Net of Defaulted Receivables) 10.34%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 600,000,000.00 34,090,000.00 47,728,181.82 681,818,181.82
(xiv) LIBOR 5.6563%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
==============
(xix) Available Funds 8,382,473.11 476,264.18 666,800.33 9,525,537.62
(xx) Certificate Rate 6.2300% 6.3800% 6.0563%
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card Master Trust
Series 1995-3
Section 5.2 - Supplement Class A Class B Collateral Total
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 2,336,250.00 136,149.60 181,188.79 2,653,588.39
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 42,828,225.76 2,433,404.61 3,406,807.99 48,668,438.36
(iv) Collections of Finance Charge Receivables 6,661,854.83 378,511.79 529,922.96 7,570,289.58
(v) Aggregate Amount of Principal Receivables 13,380,578,992.65
Investor Interest 450,000,000.00 25,568,000.00 35,795,636.36 511,363,636.36
Adjusted Interest 450,000,000.00 25,568,000.00 35,795,636.36 511,363,636.36
Series
Floating Investor Percentage 3.82% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.82% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.74%
30 to 59 days 1.79%
60 to 89 days 1.22%
90 or more days 2.24%
--------
Total Receivables 100.00%
(vii) Investor Default Amount 2,785,435.13 158,262.23 221,569.83 3,165,267.19
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 375,000.00 21,306.67 29,829.70 426,136.36
(xi) Portfolio Yield (Net of Defaulted Receivables) 10.34%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 450,000,000.00 25,568,000.00 35,795,636.36 511,363,636.36
(xiv) LIBOR 5.6563%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
============
(xix) Available Funds 6,286,854.83 357,205.12 500,093.27 7,144,153.22
(xx) Certificate Rate 6.2300% 6.3900% 6.1813%
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card Master Trust
Series 1996-1
Section 5.2 - Supplement Class A Class B Collateral Total
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 3,237,500.00 189,248.43 281,022.85 3,707,771.28
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 66,621,684.52 3,785,253.77 5,299,521.39 75,706,459.68
(iv) Collections of Finance Charge Receivables 10,362,885.29 588,789.53 824,331.19 11,776,006.02
(v) Aggregate Amount of Principal Receivables 13,380,578,992.65
Investor Interest 700,000,000.00 39,772,000.00 55,682,545.45 795,454,545.45
Adjusted Interest 700,000,000.00 39,772,000.00 55,682,545.45 795,454,545.45
Series
Floating Investor Percentage 5.94% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 5.94% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.74%
30 to 59 days 1.79%
60 to 89 days 1.22%
90 or more days 2.24%
-------
Total Receivables 100.00%
(vii) Investor Default Amount 4,332,899.09 246,182.95 344,666.93 4,923,748.97
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 583,333.33 33,143.33 46,402.12 662,878.79
(xi) Portfolio Yield (Net of Defaulted Receivables) 10.34%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 700,000,000.00 39,772,000.00 55,682,545.45 795,454,545.45
(xiv) LIBOR 5.6563%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
=============
(xix) Available Funds 9,779,551.96 555,646.20 777,929.07 11,113,127.23
(xx) Certificate Rate 5.5500% 5.7100% 6.0563%
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Monthly Report
Chase Bank - Retail Card Services Group
Certificateholders' Statement Chase Credit Card Master Trust
Series 1996-2
Section 5.2 - Supplement Class A Class B Collateral Total
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 2,740,833.33 160,416.67 233,561.20 3,134,811.20
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 52,345,609.26 2,974,182.34 4,163,855.28 59,483,646.69
(iv) Collections of Finance Charge Receivables 8,142,267.02 462,628.81 647,680.33 9,252,576.15
(v) Aggregate Amount of Principal Receivables 13,380,578,992.65
Investor Interest 550,000,000.00 31,250,000.00 43,750,000.00 625,000,000.00
Adjusted Interest 550,000,000.00 31,250,000.00 43,750,000.00 625,000,000.00
Series
Floating Investor Percentage 4.67% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 4.67% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.74%
30 to 59 days 1.79%
60 to 89 days 1.22%
90 or more days 2.24%
-------
Total Receivables 100.00%
(vii) Investor Default Amount 3,404,420.71 193,433.00 270,806.19 3,868,659.90
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 458,333.33 26,041.67 36,458.33 520,833.33
(xi) Portfolio Yield (Net of Defaulted Receivables) 10.34%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 550,000,000.00 31,250,000.00 43,750,000.00 625,000,000.00
(xiv) LIBOR 5.6563%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
=============
(xix) Available Funds 7,683,933.68 436,587.14 611,222.00 8,731,742.82
(xx) Certificate Rate 5.9800% 6.1600% 6.4063%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card Master Trust
Series 1996-3
Section 5.2 - Supplement Class A Class B Collateral Total
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 2,434,132.89 141,813.47 174,957.04 2,750,903.40
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 39,210,002.07 2,227,829.13 3,119,078.88 44,556,910.08
(iv) Collections of Finance Charge Receivables 6,099,046.53 346,534.88 485,167.21 6,930,748.62
(v) Aggregate Amount of Principal Receivables 13,380,578,992.65
Investor Interest 411,983,000.00 23,408,000.00 32,772,440.86 468,163,440.86
Adjusted Interest 411,983,000.00 23,408,000.00 32,772,440.86 468,163,440.86
Series
Floating Investor Percentage 3.50% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.50% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.74%
30 to 59 days 1.79%
60 to 89 days 1.22%
90 or more days 2.24%
--------
Total Receivables 100.00%
(vii) Investor Default Amount 2,550,115.38 144,892.15 202,856.68 2,897,864.21
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 343,319.17 19,506.67 27,310.37 390,136.20
(xi) Portfolio Yield (Net of Defaulted Receivables) 10.34%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 411,983,000.00 23,408,000.00 32,772,440.86 468,163,440.86
(xiv) LIBOR 5.6563%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
=============
(xix) Available Funds 5,755,727.36 327,028.22 457,856.84 6,540,612.42
(xx) Certificate Rate 7.0900% 7.2700% 6.4063%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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