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Previous: CHASE MANHATTAN BANK /NY/, 8-K, 1999-07-30 |
Next: CHASE MANHATTAN BANK /NY/, 8-K, 1999-07-30 |
<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: July 15, 1999
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I")
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)
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(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 July 15, 1999 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 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
Exhibits Description
---------- ---------------
20.1 Monthly Reports with respect to the July 15, 1999
distribution
<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: July 30, 1999
The Chase Manhattan Bank,
as Servicer
By: /s/ Patrick Margey
---------------------------
Name: Patrick Margey
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
- --------------- -----------------
20.1 Monthly Reports with respect to
the July 15, 1999 distribution
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1995-2
<TABLE>
<CAPTION>
Distribution Date: 7/15/1999
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 3,115,000.00 181,245.17 214,279.65 3,510,524.82
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 77,802,932.66 4,420,503.29 6,188,987.53 88,412,423.47
(iv) Collections of Finance Charge Receivables 9,493,809.10 539,406.59 755,203.74 10,788,419.43
(v) Aggregate Amount of Principal Receivables 17,981,949,270.27
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 3.79% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.79% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.13%
30 to 59 days 1.25%
60 to 89 days 0.85%
90 or more days 1.77%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,034,485.49 172,409.35 241,384.13 3,448,278.97
(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 500,000.00 28,408.33 39,773.48 568,181.82
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.92%
(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 4.98750%
(xv) Principal Funding Account Balance 0.00
(xvii) Accumulation Shortfall 0.00
(xviii)Principal Funding Investment Proceeds 0.00
(xx) Principal Investment Funding Shortfall 0.00
(xxi) Available Funds 8,993,809.10 510,998.25 715,430.26 10,220,237.62
(xxii) Certificate Rate 6.23000% 6.38000% 5.38750%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1995-3
<TABLE>
<CAPTION>
Distribution Date: 7/15/1999
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 2,336,250.00 136,149.60 164,436.20 2,636,835.80
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 58,352,199.49 3,315,442.30 4,641,675.81 66,309,317.60
(iv) Collections of Finance Charge Receivables 7,120,356.83 404,562.85 566,394.90 8,091,314.57
(v) Aggregate Amount of Principal Receivables 17,981,949,270.27
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 2.84% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 2.84% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.13%
30 to 59 days 1.25%
60 to 89 days 0.85%
90 or more days 1.77%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,275,864.12 129,309.54 181,035.57 2,586,209.23
(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 29,829.70 426,136.38
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.92%
(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 4.98750%
(xv) Principal Funding Account Balance 0.00
(xvii) Accumulation Shortfall 0.00
(xviii)Principal Funding Investment Proceeds 0.00
(xx) Principal Investment Funding Shortfall 0.00
(xxi) Available Funds 6,745,356.83 383,256.19 536,565.20 7,665,178.21
(xxii) Certificate Rate 6.23000% 6.39000% 5.51250%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1996-1
<TABLE>
<CAPTION>
Distribution Date: 7/15/1999
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 3,237,500.00 189,248.43 249,991.43 3,676,738.86
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 90,770,088.10 5,157,297.06 7,220,442.22 103,147,827.38
(iv) Collections of Finance Charge Receivables 11,076,110.62 629,312.96 881,065.76 12,586,489.34
(v) Aggregate Amount of Principal Receivables 17,981,949,270.27
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 4.42% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 4.42% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.13%
30 to 59 days 1.25%
60 to 89 days 0.85%
90 or more days 1.77%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,540,233.07 201,145.93 281,613.13 4,022,992.13
(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) 12.92%
(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 4.98750%
(xv) Principal Funding Account Balance 0.00
(xvii) Accumulation Shortfall 0.00
(xviii)Principal Funding Investment Proceeds 0.00
(xx) Principal Investment Funding Shortfall 0.00
(xxi) Available Funds 10,492,777.28 596,169.63 834,663.64 11,923,610.56
(xxii) Certificate Rate 5.55000% 5.71000% 5.38750%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1996-2
<TABLE>
<CAPTION>
Distribution Date: 7/15/1999
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 2,740,833.33 160,416.67 209,179.69 3,110,429.69
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 71,319,354.93 4,052,236.08 5,673,130.51 81,044,721.52
(iv) Collections of Finance Charge Receivables 8,702,658.34 494,469.22 692,256.91 9,889,384.48
(v) Aggregate Amount of Principal Receivables 17,981,949,270.27
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 3.48% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.48% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.13%
30 to 59 days 1.25%
60 to 89 days 0.85%
90 or more days 1.77%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,781,611.70 158,046.12 221,264.57 3,160,922.39
(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) 12.92%
(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 4.98750%
(xv) Principal Funding Account Balance 0.00
(xvii) Accumulation Shortfall 0.00
(xviii)Principal Funding Investment Proceeds 0.00
(xx) Principal Investment Funding Shortfall 0.00
(xxi) Available Funds 8,244,325.01 468,427.56 655,798.58 9,368,551.15
(xxii) Certificate Rate 5.98000% 6.16000% 5.73750%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1996-3
<TABLE>
<CAPTION>
Distribution Date: 7/15/1999
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 2,434,132.89 141,813.47 156,693.23 2,732,639.59
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 53,422,476.01 3,035,351.75 4,249,653.35 60,707,481.10
(iv) Collections of Finance Charge Receivables 6,518,813.26 370,385.14 518,558.83 7,407,757.23
(v) Aggregate Amount of Principal Receivables 17,981,949,270.27
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 2.60% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 2.60% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.13%
30 to 59 days 1.25%
60 to 89 days 0.85%
90 or more days 1.77%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,083,594.06 118,385.39 165,745.83 2,367,725.28
(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) 12.92%
(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 4.98750%
(xv) Principal Funding Account Balance 0.00
(xvii) Accumulation Shortfall 0.00
(xviii)Principal Funding Investment Proceeds 0.00
(xx) Principal Investment Funding Shortfall 0.00
(xxi) Available Funds 6,175,494.09 350,878.47 491,248.46 7,017,621.03
(xxii) Certificate Rate 7.09000% 7.27000% 5.73750%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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