CHASE MANHATTAN BANK /NY/
8-K, 1999-06-18
ASSET-BACKED SECURITIES
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<PAGE>

                       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: June 16, 1999

                         CHASE CREDIT CARD MASTER TRUST
            (formerly known as "Chemical Master Credit Card Trust I"
                                 Series 1995-4)
- --------------------------------------------------------------------------------
                             (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
 ----------------------------   ------------------------   -------------------
 (State or other jurisdiction   (Commission File Number)   (IRS Employer
 of incorporation)                                         Identification No.)

                  270 Park Avenue, New York, New York           10017
 ------------------------------------------------------------------------------
                  (Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code:  (212) 270-6000

<PAGE>

Item 5.  Other Events:

         On or about April 15, 1999 interest with respect to the January,
February and March Monthly Periods, as defined in the Pooling and Servicing
Agreement dated 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 Trust I") for Series 1995-4 in accordance with the Agreement.
Copies of the applicable Monthly Reports, as defined in the Agreement, have been
furnished to the Certificateholders in accordance with the Agreement. Copies of
those Monthly Reports are being files as exhibits 20.1 to this Current Report on
Form 8-K.

Item 7(c).    Exhibits

              Exhibits    Description
              ----------  ---------------

              20.1        Monthly Reports with respect to the January,
                          February and March Monthly Periods

<PAGE>


                              INDEX TO EXHIBITS
                         ----------------------------

    Exhibit No.                Description
    ---------------            -----------------
    20.1                       Monthly Reports with respect to the January,
                               February and March Monthly Periods

<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated: June 16, 1999
                                      The Chase Manhattan Bank,
                                      as Servicer

                                      By:  /s/ Patrick Margey
                                      ---------------------------
                                      Name:  Patrick Margey
                                      Title: Vice President



<PAGE>

                         Chase Manhattan Bank USA, N.A.
                     Monthly Certificateholder's Statement

                         Chase Credit Card Master Trust
                                 Series 1995-4

<TABLE>
<CAPTION>
                                                                                               Distribution Date:   2/15/1999

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                            4,178,333.33     305,015.68     168,064.22         4,651,413.23
       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                   33,600,303.55   2,399,957.68   4,000,100.14        40,000,361.37

(iv)   Collections of Finance Charge Receivables               4,510,837.91     322,194.12     537,013.10         5,370,045.13

(v)    Aggregate Amount of Principal Receivables                                                             17,188,824,668.82

                                         Investor Interest   300,000,000.00  21,428,000.00  35,714,857.14       357,142,857.14
                                         Adjusted Interest   300,000,000.00  21,428,000.00  35,714,857.14       357,142,857.14

                                            Series
       Floating Investor Percentage              2.08%               84.00%          6.00%         10.00%              100.00%
       Fixed Investor Percentage                 2.08%               84.00%          6.00%         10.00%              100.00%

(vi)   Receivables Delinquent (As % of Total Receivables)
               Current                                                                                                  95.37%
               30 to 59 days                                                                                             1.49%
               60 to 89 days                                                                                             1.02%
               90 or more days                                                                                           2.12%
                                                                                                             -----------------
                                  Total Receivables                                                                    100.00%

(vii)  Investor Default Amount                                 1,824,598.49     130,324.99     217,217.58         2,172,141.06

(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                                             250,000.00      17,856.67      29,762.38           297,619.05

(xi)   Portfolio Yield (Net of Defaulted Receivables)                                                                   10.78%

(xii)  Reallocated Monthly Principal                                                  0.00           0.00                 0.00

(xiii) Closing Investor Interest (Class A Adjusted)          300,000,000.00  21,428,000.00  35,714,857.14       357,142,857.14

(xiv)  LIBOR                                                                                                          5.25000%

(xv)   Principal Funding Account Balance                                                                                  0.00

(xvi)  Interest Funding Account Balance                                                                           2,972,655.32

(xvii) Accumulation Shortfall                                                                                             0.00

(xviii)Principal Funding Investment Proceeds                                                                              0.00

(xix)  Interest Funding Account Investment Proceeds                                                                  11,558.35

(xx)   Principal Investment Funding Shortfall                                                                             0.00

(xxi)  Available Funds                                         7,042,042.39     507,346.64     507,250.72         8,056,639.75

(xxii) Certificate Rate                                            5.45000%       5.57000%       5.46469%
</TABLE>

<PAGE>

                         Chase Manhattan Bank USA, N.A.
                     Monthly Certificateholder's Statement

                         Chase Credit Card Master Trust
                                 Series 1995-4

<TABLE>
<CAPTION>
                                                                                                   Distribution Date:    3/15/1999

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                                   0.00              0.00        151,721.77           151,721.77
       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                  33,482,494.94      2,391,543.01      3,986,075.08        39,860,113.02

(iv)   Collections of Finance Charge Receivables              4,632,360.48        330,874.07        551,480.31         5,514,714.86

(v)    Aggregate Amount of Principal Receivables                                                                  17,479,587,023.64

                                        Investor Interest   300,000,000.00     21,428,000.00     35,714,857.14       357,142,857.14
                                        Adjusted Interest   300,000,000.00     21,428,000.00     35,714,857.14       357,142,857.14

                                           Series
       Floating Investor Percentage            2.04%                84.00%             6.00%            10.00%              100.00%
       Fixed Investor Percentage               2.04%                84.00%             6.00%            10.00%              100.00%

(vi)   Receivables Delinquent (As % of Total Receivables)
               Current                                                                                                       95.63%
               30 to 59 days                                                                                                  1.41%
               60 to 89 days                                                                                                  0.93%
               90 or more days                                                                                                2.03%
                                                                                                                  -----------------
                                     Total Receivables                                                                      100.00%

(vii)  Investor Default Amount                                1,604,289.19        114,589.03        190,989.86         1,909,868.08

(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                                            250,000.00         17,856.67         29,762.38           297,619.05

(xi)   Portfolio Yield (Net of Defaulted Receivables)                                                                        12.11%

(xii)  Reallocated Monthly Principal                                                    0.00              0.00                 0.00

(xiii) Closing Investor Interest (Class A Adjusted)         300,000,000.00     21,428,000.00     35,714,857.14       357,142,857.14

(xiv)  LIBOR                                                                                                               5.00000%

(xv)   Principal Funding Account Balance                                                                                       0.00

(xvi)  Interest Funding Account Balance                               0.00              0.00                                   0.00

(xvii) Accumulation Shortfall                                                                                                  0.00

(xviii)Principal Funding Investment Proceeds                                                                                   0.00

(xix)  Interest Funding Account Investment Proceeds                                                                          (47.97)

(xx)   Principal Investment Funding Shortfall                                                                                  0.00

(xxi)  Available Funds                                        4,382,315.71        313,014.20        521,717.93         5,217,047.84

(xxii) Certificate Rate                                           5.20000%          5.32000%          5.46188%
</TABLE>

<PAGE>

                         Chase Manhattan Bank USA, N.A.
                     Monthly Certificateholder's Statement

                         Chase Credit Card Master Trust
                                 Series 1995-4

<TABLE>
<CAPTION>
                                                                                                  Distribution Date:    4/15/1999

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                                   0.00              0.00        173,455.61           173,455.61
       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                  38,361,085.60      2,740,004.47      4,566,868.97        45,667,959.05

(iv)   Collections of Finance Charge Receivables              5,160,964.22        368,630.47        614,410.33         6,144,005.02

(v)    Aggregate Amount of Principal Receivables                                                                  17,328,407,806.80

                                        Investor Interest   300,000,000.00     21,428,000.00     35,714,857.14       357,142,857.14
                                        Adjusted Interest   300,000,000.00     21,428,000.00     35,714,857.14       357,142,857.14

                                           Series
       Floating Investor Percentage            2.06%                84.00%             6.00%            10.00%              100.00%
       Fixed Investor Percentage               2.06%                84.00%             6.00%            10.00%              100.00%

(vi)   Receivables Delinquent (As % of Total Receivables)
               Current                                                                                                       95.82%
               30 to 59 days                                                                                                  1.34%
               60 to 89 days                                                                                                  0.89%
               90 or more days                                                                                                1.95%
                                                                                                                  -----------------
                                 Total Receivables                                                                          100.00%

(vii)  Investor Default Amount                                1,668,300.48        119,161.14        198,610.38         1,986,072.00

(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                                            250,000.00         17,856.67         29,762.38           297,619.05

(xi)   Portfolio Yield (Net of Defaulted Receivables)                                                                        13.99%

(xii)  Reallocated Monthly Principal                                                    0.00              0.00                 0.00

(xiii) Closing Investor Interest (Class A Adjusted)         300,000,000.00     21,428,000.00     35,714,857.14       357,142,857.14

(xiv)  LIBOR                                                                                                               5.00000%

(xv)   Principal Funding Account Balance                                                                                       0.00

(xvi)  Interest Funding Account Balance                       1,213,333.33         88,664.30                           1,301,997.64

(xvii) Accumulation Shortfall                                                                                                  0.00

(xviii)Principal Funding Investment Proceeds                                                                                   0.00

(xix)  Interest Funding Account Investment Proceeds                                                                        4,977.09

(xx)   Principal Investment Funding Shortfall                                                                                  0.00

(xxi)  Available Funds                                        4,915,609.51        351,105.60        584,647.95         5,851,363.06

(xxii) Certificate Rate                                           5.20000%          5.32000%          5.46375%
</TABLE>



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