|
|
|
|
|
|
|
|
|
|
Previous: CHASE MANHATTAN BANK /NY/, 8-K, 1999-06-30 |
Next: CHASE MANHATTAN BANK /NY/, 8-K, 1999-06-30 |
<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: June 15, 1999
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I"
Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3,
Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3,
Series 1998-5, Series 1998-6 and Series 1999-1)
--------------------------------------------------------------
(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)
United States 33-40006 22-2382028
- ---------------------------- ------------------------ -----------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
<PAGE>
Item 5. Other Events:
On or about June 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 Series 1996-4,
Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5,
Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6 and Series 1999-1 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 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
June 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: June 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
June 15, 1999 distribution
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1996-4
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
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 5,675,541.67 493,634.91 667,909.22 6,837,085.80
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 173,299,936.40 14,441,578.84 18,567,932.85 206,309,448.10
(iv) Collections of Finance Charge Receivables 21,838,843.28 1,819,893.21 2,339,886.47 25,998,622.95
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
Adjusted Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
Series
Floating Investor Percentage 9.20% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 9.20% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 7,348,034.11 612,332.68 787,292.87 8,747,659.65
(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 1,166,666.67 97,221.67 125,000.56 1,388,888.89
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
(xiv) LIBOR 4.90250%
(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 20,672,176.61 1,722,671.54 2,214,885.91 24,609,734.06
(xxii) Certificate Rate 5.03250% 5.25250% 5.52750%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-1
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
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 4,624,996.53 400,854.80 551,120.17 5,576,971.49
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 142,353,519.19 11,862,752.00 15,252,204.03 169,468,475.22
(iv) Collections of Finance Charge Receivables 17,939,049.84 1,494,915.62 1,922,046.25 21,356,011.71
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00
Adjusted Interest 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00
Series
Floating Investor Percentage 7.56% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 7.56% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 6,035,885.16 502,988.68 646,703.73 7,185,577.57
(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 958,333.33 79,860.83 102,678.85 1,140,873.02
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00
(xiv) LIBOR 4.90250%
(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 16,980,716.50 1,415,054.79 1,819,367.40 20,215,138.69
(xxii) Certificate Rate 4.99250% 5.19250% 5.55250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-2
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 7,875,000.00 458,095.13 513,096.60 8,846,191.72
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 185,678,503.29 10,549,881.20 14,769,914.76 210,998,299.25
(iv) Collections of Finance Charge Receivables 23,398,760.66 1,329,470.78 1,861,269.31 26,589,500.75
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 1,500,000,000.00 85,227,000.00 119,318,455.00 1,704,545,455.00
Adjusted Interest 1,500,000,000.00 85,227,000.00 119,318,455.00 1,704,545,455.00
Series
Floating Investor Percentage 9.41% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 9.41% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 7,872,893.69 447,322.07 626,254.34 8,946,470.10
(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 1,250,000.00 71,022.50 99,432.05 1,420,454.55
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 1,500,000,000.00 85,227,000.00 119,318,455.00 1,704,545,455.00
(xiv) LIBOR 4.90250%
(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 22,148,760.66 1,258,448.28 1,761,837.27 25,169,046.21
(xxii) Certificate Rate 6.30000% 6.45000% 5.40250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-3
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 4,235,625.00 88,148.18 121,967.67 4,445,740.85
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 30,946,417.21 2,578,826.84 3,315,728.87 36,840,972.92
(iv) Collections of Finance Charge Receivables 3,899,793.44 324,977.59 417,840.22 4,642,611.25
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 250,000,000.00 20,833,000.00 26,786,048.00 297,619,048.00
Adjusted Interest 250,000,000.00 20,833,000.00 26,786,048.00 297,619,048.00
Series
Floating Investor Percentage 1.64% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 1.64% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 1,312,148.95 109,344.00 140,589.14 1,562,082.08
(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 208,333.33 17,360.83 22,321.71 248,015.87
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.46%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 250,000,000.00 20,833,000.00 26,786,048.00 297,619,048.00
(xiv) LIBOR 4.90250%
(xv) Principal Funding Account Balance 0.00
(xvi) Interest Funding Account Balance 2,823,750.00 2,823,750.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall 0.00
(xix) Interest Funding Account Investment Proceeds 9,606.77
(xix) Available Funds 6,524,816.88 307,616.75 395,518.51 7,227,952.14
(xx) Certificate Rate 6.77700% 5.25250% 5.65250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-4
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 2,446,875.00 211,961.81 281,714.29 2,940,551.09
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 74,271,401.31 6,189,283.44 7,957,650.23 88,418,334.99
(iv) Collections of Finance Charge Receivables 9,359,504.26 779,958.69 1,002,804.04 11,142,266.99
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 600,000,000.00 50,000,000.00 64,285,715.00 714,285,715.00
Adjusted Interest 600,000,000.00 50,000,000.00 64,285,715.00 714,285,715.00
Series
Floating Investor Percentage 3.94% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 3.94% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,149,157.47 262,429.79 337,409.73 3,748,997.00
(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 500,000.00 41,666.67 53,571.43 595,238.10
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 600,000,000.00 50,000,000.00 64,285,715.00 714,285,715.00
(xiv) LIBOR 4.90250%
(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 8,859,504.26 738,292.02 949,232.61 10,547,028.89
(xxii) Certificate Rate 5.06250% 5.26250% 5.50250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-5
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 2,580,833.33 151,230.58 177,897.74 2,909,961.65
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00
(iii) Collections of Principal Receivables 61,892,834.43 3,516,627.07 4,923,305.00 70,332,766.50
(iv) Collections of Finance Charge Receivables 7,799,586.89 443,156.93 620,423.11 8,863,166.93
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 500,000,000.00 28,409,000.00 39,772,819.00 568,181,819.00
Adjusted Interest 500,000,000.00 28,409,000.00 39,772,819.00 568,181,819.00
Series
Floating Investor Percentage 3.14% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.14% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,624,297.90 149,107.36 208,751.45 2,982,156.70
(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 416,666.67 23,674.17 33,144.02 473,484.85
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 500,000,000.00 28,409,000.00 39,772,819.00 568,181,819.00
(xiv) LIBOR 4.90250%
(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 7,382,920.22 419,482.76 587,279.10 8,389,682.08
(xxii) Certificate Rate 6.19400% 6.38800% 5.55250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-2
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 0.00 276,705.57 371,306.46 648,012.03
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 99,028,535.09 8,252,295.40 10,610,282.79 117,891,113.27
(iv) Collections of Finance Charge Receivables 12,479,339.02 1,039,934.52 1,337,082.45 14,856,355.98
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 800,000,000.00 66,666,000.00 85,714,953.00 952,380,953.00
Adjusted Interest 800,000,000.00 66,666,000.00 85,714,953.00 952,380,953.00
Series
Floating Investor Percentage 5.26% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 5.26% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 4,198,876.63 349,902.89 449,883.14 4,998,662.66
(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 666,666.67 55,555.00 71,429.13 793,650.79
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.43%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 800,000,000.00 66,666,000.00 85,714,953.00 952,380,953.00
(xiv) LIBOR 4.90250%
(xv) Principal Funding Account Balance 0.00
(xvi) Interest Funding Account Balance 0.00 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii)Principal Investment Funding Shortfall 0.00
(xix) Interest Funding Account Investment Proceeds 3,768.24
(xix) Available Funds 11,816,440.59 984,379.52 1,265,653.32 14,066,473.43
(xx) Certificate Rate 4.99207% 5.15250% 5.37750%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-3
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 3,000,000.00 174,711.25 210,803.31 3,385,514.56
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00
(iii) Collections of Principal Receivables 74,271,401.31 4,219,853.45 5,908,064.93 84,399,319.70
(iv) Collections of Finance Charge Receivables 9,359,504.26 531,775.83 744,520.20 10,635,800.30
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 600,000,000.00 34,090,000.00 47,728,182.00 681,818,182.00
Adjusted Interest 600,000,000.00 34,090,000.00 47,728,182.00 681,818,182.00
Series
Floating Investor Percentage 3.76% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.76% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,149,157.47 178,924.63 250,505.94 3,578,588.04
(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 39,773.49 568,181.82
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(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 47,728,182.00 681,818,182.00
(xiv) LIBOR 4.90250%
(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 8,859,504.26 503,367.50 704,746.72 10,067,618.48
(xxii) Certificate Rate 6.00000% 6.15000% 5.55250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-5
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 2,650,781.25 229,622.46 318,751.35 3,199,155.07
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 80,460,684.76 6,704,974.54 8,620,870.20 95,786,529.50
(iv) Collections of Finance Charge Receivables 10,139,462.95 844,944.85 1,086,381.43 12,070,789.23
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 650,000,000.00 54,166,000.00 69,643,524.00 773,809,524.00
Adjusted Interest 650,000,000.00 54,166,000.00 69,643,524.00 773,809,524.00
Series
Floating Investor Percentage 4.27% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.27% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,411,587.26 284,295.44 365,530.71 4,061,413.41
(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 541,666.67 45,138.33 58,036.27 644,841.27
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 650,000,000.00 54,166,000.00 69,643,524.00 773,809,524.00
(xiv) LIBOR 4.90250%
(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 9,597,796.28 799,806.51 1,028,345.16 11,425,947.96
(xxii) Certificate Rate 5.06250% 5.26250% 5.75250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-6
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 2,703,142.36 236,167.52 330,525.53 3,269,835.42
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 80,460,684.76 6,704,974.54 8,620,870.20 95,786,529.50
(iv) Collections of Finance Charge Receivables 10,139,462.95 844,944.85 1,086,381.43 12,070,789.23
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 650,000,000.00 54,166,000.00 69,643,524.00 773,809,524.00
Adjusted Interest 650,000,000.00 54,166,000.00 69,643,524.00 773,809,524.00
Series
Floating Investor Percentage 4.27% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.27% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,411,587.26 284,295.44 365,530.71 4,061,413.41
(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 541,666.67 45,138.33 58,036.27 644,841.27
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 650,000,000.00 54,166,000.00 69,643,524.00 773,809,524.00
(xiv) LIBOR 4.90250%
(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 9,597,796.28 799,806.51 1,028,345.16 11,425,947.96
(xxii) Certificate Rate 5.16250% 5.41250% 6.05126%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-1
<TABLE>
<CAPTION>
Distribution Date: 6/15/99
Period Type: Revolving
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 3,058,593.75 266,462.67 388,554.69 3,713,611.11
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 92,839,251.64 7,736,604.30 9,947,062.69 110,522,918.64
(iv) Collections of Finance Charge Receivables 11,699,380.33 974,948.36 1,253,505.04 13,927,833.73
(v) Aggregate Amount of Principal Receivables 18,118,082,233.87
Investor Interest 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
Adjusted Interest 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
Series
Floating Investor Percentage 4.93% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.93% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.19%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.76%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,936,446.84 328,037.24 421,762.16 4,686,246.24
(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) 12.42%
(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 80,357,143.00 892,857,143.00
(xiv) LIBOR 4.90250%
(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 11,074,380.33 922,865.03 1,186,540.75 13,183,786.11
(xxii) Certificate Rate 5.06250% 5.29250% 6.10250%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
|
|