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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: November 15, 1999
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I")
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(Issuer of Securities)
CHASE MANHATTAN BANK, USA, NATIONAL ASSOCIATION
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(Exact name of registrant as specified in its charter)
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United States 333-74303 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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802 Delaware Avenue, Wilmington, DE 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
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Item 5. Other Events:
Chase Credit Card Master Trust, which is formerly known as
Chemical Master Card Trust I, is the issuer of 21 outstanding series of asset
backed certificates. The certificates are serviced in accordance with the Third
Amended and Restated Pooling and Servicing Agreement, dated as of November 1,
1999, as amended. The parties to the Pooling and Servicing Agreement are: The
Chase Manhattan Bank, as transferor prior to June 1, 1996 and as servicer, Chase
Manhattan Bank USA, National Association, as transferor after June 1, 1996, and
the Bank of New York, as trustee.
On November 15, 1999, Chase USA, on behalf of The Chase Manhattan Bank,
as servicer, distributed monthly interest to the holder of the 1999-3 series
certificate. Chase USA furnished a copy of the monthly statement to the
certificateholder for the series as required by the Pooling and Servicing
Agreement. A copy of the monthly statement to the certificateholder is being
filed as Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Report with respect to the November 15,
1999 distribution
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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: November 30, 1999
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Monthly Reports with respect to the
November 15, 1999 distribution
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Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-3
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Distribution Date: 11/15/99
Period Type: Revolving
Section 5.2 - Supplement Total
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(i) Monthly Principal Distributed 0.00 0.00
(ii) Monthly Interest Distributed
Class A Note Interest Requirement 7,233,500.00
Class B Note Interest Requirement 428,886.43
Net Class C Note Interest Requirement 500,171.72 8,162,558.15
(iii) Collections of Principal Receivables 134,519,431.27
(iv) Collections of Finance Charge Receivables 16,357,587.37
(v) Aggregate Amount of Principal Receivables 19,404,771,482.78
Investor Interest 965,910,000.00
Adjusted Interest 965,910,000.00
Floating Investor Percentage 4.98%
Fixed Investor Percentage 4.98%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 95.93%
30 to 59 days 1.35%
60 to 89 days 0.93%
90 or more days 1.79%
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Total Receivables 100.00%
(vii) Investor Default Amount 4,633,432.38
(viii) Investor Charge-Offs 0.00
(ix) Reimbursed Investor Charge-Offs 0.00
(x) Servicing Fee 885,417.50
(xi) Portfolio Yield (Net of Defaulted Receivables) 13.66%
(xii) Reallocated Monthly Principal 0.00
(xiii) Accumulation Shortfall 0.00
(xiv) Principal Funding Investment Proceeds 0.00
(xv) Principal Funding Investment Shortfall 0.00
(xvi) Available Investor Finance Charge Collections 15,472,169.87
(xxii) Note Rate Class A 6.66000%
Class B 6.95000%
Class C 6.35625%
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By:
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Name: Patricia M. Garvey
Title: Vice President