|
|
|
|
|
|
|
|
|
|
Previous: CHASE MANHATTAN BANK /NY/, 8-K, 1999-11-22 |
Next: CHASE MANHATTAN BANK /NY/, 8-K, 1999-11-22 |
<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: November 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, Series 1999-1 and 1999-2
-----------------------------------------------------------
(Issuer of Securities)
CHASE MANHATTAN BANK USA, N.A.
(Sponsor of the Trust)
------------------------------------------------------
(Exact name of registrant as specified in its charter)
United States 333-74303 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:
Chase Credit Card Master Trust, which was formerly known as Chemical Master
Credit Card Trust I, is the issuer of 21 outstanding series of asset backed
certificates. The asset backed 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 Chase Manhattan Bank as
servicer, distributed monthly interest to the holders of the Series 1996-4,
1997-1, 1997-2, 1997-3, 1997-4, 1997-5, 1998-2, 1998-3, 1998-5, 1998-6, 1999-1
and 1999-2 certificates. Chase USA furnished copies of monthly
certificateholders' reports for each of those series as required by the Pooling
and Servicing Agreement. Copies of those monthly certificateholders' 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
November 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: November 22, 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
November 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: 11/15/1999
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 6,674,256.94 578,286.63 779,039.92 8,031,583.49
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 179,995,034.16 14,999,500.47 19,285,267.94 214,279,802.57
(iv) Collections of Finance Charge
Receivables 22,055,943.62 1,837,984.80 2,363,147.32 26,257,075.74
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 8.59% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 8.59% 84.00% 7.00% 9.00% 100.00%
(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%
------------------
Total Receivables 100.00%
(vii) Investor Default Amount 6,424,340.77 535,358.67 688,325.28 7,648,024.73
(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) 13.40%
(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 5.40625%
(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 20,889,276.96 1,740,763.13 2,238,146.76 24,868,186.85
(xxii) Certificate Rate 5.53625% 5.75625% 6.03125%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
----------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-1
<TABLE>
<CAPTION>
Distribution Date: 11/15/1999
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 5,442,814.24 470,070.85 642,577.07 6,555,462.16
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 147,853,063.77 12,321,045.79 15,841,442.54 176,015,552.10
(iv) Collections of Finance Charge
Receivables 18,117,382.26 1,509,776.60 1,941,153.35 21,568,312.22
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 7.06% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 7.06% 84.00% 7.00% 9.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 5,277,137.06 439,759.89 565,409.07 6,282,306.03
(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) 13.40%
(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 5.40625%
(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 17,159,048.93 1,429,915.77 1,838,474.50 20,427,439.20
(xxii) Certificate Rate 5.49625% 5.69625% 6.05625%
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
----------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-2
<TABLE>
<CAPTION>
Distribution Date: 11/15/1999
Period Type: Revolving
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 7,875,000.00 458,095.13 600,241.09 8,933,336.22
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 192,851,822.31 10,957,454.84 15,340,520.99 219,149,798.14
(iv) Collections of Finance Charge
Receivables 23,631,368.17 1,342,687.08 1,879,772.23 26,853,827.47
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 8.78% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 8.78% 88.00% 5.00% 7.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 6,883,222.25 391,090.92 547,530.30 7,821,843.47
(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) 13.40%
(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 5.40625%
(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 22,381,368.17 1,271,664.58 1,780,340.18 25,433,372.92
(xxii) Certificate Rate 6.30000% 6.45000% 5.90625%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-3
<TABLE>
<CAPTION>
Distrbution Date: 11/15/1999
Period Type: Amortization
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 0.00 103,264.41 108,926.69 212,191.10
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 32,141,970.38 2,678,454.68 3,443,825.45 38,264,250.51
(iv) Collections of Finance Charge
Receivables 2,944,862.33 328,208.20 323,710.27 3,596,780.80
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
Investor Interest 186,925,000.00 20,833,000.00 20,547,494.51 228,305,494.51
Adjusted Interest 186,925,000.00 20,833,000.00 20,547,494.51 228,305,494.51
Series
Floating Investor Percentage 1.18% 81.87% 9.13% 9.00% 100.00%
Fixed Investor Percentage 1.53% 84.00% 7.00% 9.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 857,764.21 95,598.78 94,288.65 1,047,651.64
(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 155,770.83 17,360.83 17,122.91 190,254.58
(xi) Portfolio Yield (Net of
Defaulted Receivables) 13.42%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest
(Class A Adjusted) 186,925,000.00 20,833,000.00 20,547,494.51 228,305,494.51
(xiv) LIBOR 5.40625%
(xv) Principal Funding Account
Balance 0.00
(xvi) Interest Funding Account
Balance 1,055,658.94 1,055,658.94
(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 4,318.43
(xix) Available Funds 2,793,409.93 310,847.36 306,587.36 3,410,844.65
(xx) Certificate Rate 6.77700% 5.75625% 6.15625%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-4
<TABLE>
<CAPTION>
Distribution Date: 11/15/1999
Period Type: Revolving
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 2,875,895.83 248,269.10 329,029.02 3,453,193.95
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 77,140,728.92 6,428,394.08 8,265,078.19 91,834,201.19
(iv) Collections of Finance Charge
Receivables 9,452,547.27 787,712.27 1,012,772.93 11,253,032.47
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 3.68% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 3.68% 84.00% 7.00% 9.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,753,288.90 229,440.74 294,995.24 3,277,724.89
(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) 13.40%
(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 5.40625%
(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 8,952,547.27 746,045.61 959,201.50 10,657,794.38
(xxii) Certificate Rate 5.56625% 5.76625% 6.00625%
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-----------------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-5
<TABLE>
Distribution Date: 11/15/1999
Period Type: Revolving
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 2,580,833.33 151,230.58 207,419.39 2,939,483.30
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 64,283,940.77 3,652,484.95 5,113,507.08 73,049,932.80
(iv) Collections of Finance Charge
Receivables 7,877,122.72 447,562.36 626,590.75 8,951,275.83
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 2.93% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 2.93% 88.00% 5.00% 7.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,294,407.42 130,363.64 182,510.10 2,607,281.16
(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) 13.40%
(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 5.40625%
(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 7,460,456.06 423,888.19 593,446.74 8,477,790.98
(xxii) Certificate Rate 6.19400% 6.38800% 6.05625%
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-2
<TABLE>
Distribution Date: 11/15/1999
Period Type: Amortization
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 11,052,667.11 324,707.40 434,095.64 11,811,470.15
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 102,854,305.23 8,571,106.39 11,020,189.92 122,445,601.55
(iv) Collections of Finance
Charge Receivables 12,603,396.36 1,050,272.53 1,350,374.41 15,004,043.29
(v) Aggregate Amount of
Principal Receivables 19,404,771,482.78
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 4.91% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.91% 84.00% 7.00% 9.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,671,051.87 305,917.93 393,330.05 4,370,299.85
(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) 13.44%
(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 5.40625%
(xv) Principal Funding
Account Balance 0.00
(xvi) Interest Funding
Account Balance 7,291,113.33 7,291,113.33
(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 30,364.11
(xix) Available Funds 19,258,207.13 994,717.53 1,278,945.28 21,531,869.94
(xx) Certificate Rate 5.46032% 5.65625% 5.88125%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
--------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-3
<TABLE>
Distribution Date: 11/15/1999
Period Type: Revolving
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 3,000,000.00 174,711.25 246,045.22 3,420,756.47
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 77,140,728.92 4,382,879.08 6,136,311.25 87,659,919.25
(iv) Collections of Finance Charge
Receivables 9,452,547.27 537,062.23 751,921.49 10,741,530.99
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 3.51% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.51% 88.00% 5.00% 7.00% 100.00%
(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%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,753,288.90 156,432.70 219,015.79 3,128,737.39
(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 500,000.00 28,408.33 39,773.49 568,181.82
(xi) Portfolio Yield
(Net of Defaulted Receivables) 13.40%
(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 5.40625%
(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 8,952,547.27 508,653.89 712,148.01 10,173,349.17
(xxii) Certificate Rate 6.00000% 6.15000% 6.05625%
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-5
<TABLE>
Distribution Date: 11/15/1999
Period Type: Revolving
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 3,115,553.82 268,954.88 370,944.50 3,755,453.20
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 83,569,123.00 6,964,007.87 8,953,920.34 99,487,051.22
(iv) Collections of Finance
Charge Receivables 10,240,259.54 853,344.46 1,097,181.17 12,190,785.17
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 3.99% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 3.99% 84.00% 7.00% 9.00% 100.00%
(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%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,982,729.64 248,557.74 319,581.24 3,550,868.62
(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) 13.40%
(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 5.40625%
(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 9,698,592.87 808,206.13 1,039,144.90 11,545,943.90
(xxii) Certificate Rate 5.56625% 5.76625% 6.25625%
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-----------------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-6
<TABLE>
Distribution Date: 11/15/1999
Period Type: Revolving
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 3,171,526.04 275,951.32 390,995.76 3,838,473.12
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 83,569,123.00 6,964,007.87 8,953,920.34 99,487,051.22
(iv) Collections of Finance
Charge Receivables 10,240,259.54 853,344.46 1,097,181.17 12,190,785.17
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 3.99% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 3.99% 84.00% 7.00% 9.00% 100.00%
(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%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,982,729.64 248,557.74 319,581.24 3,550,868.62
(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) 13.40%
(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 5.40625%
(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 9,698,592.87 808,206.13 1,039,144.90 11,545,943.90
(xxii) Certificate Rate 5.66625% 5.91625% 6.61560%
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-----------------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-1
<TABLE>
Distribution Date: 11/15/1999
Period Type: Revolving
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 3,594,869.79 311,950.95 450,209.26 4,357,030.01
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 96,425,911.15 8,035,492.60 10,331,347.64 114,792,751.39
(iv) Collections of Finance Charge
Receivables 11,815,684.08 984,640.34 1,265,966.15 14,066,290.58
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
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 4.60% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.60% 84.00% 7.00% 9.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,441,611.13 286,800.93 368,744.05 4,097,156.10
(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 625,000.00 52,083.33 66,964.29 744,047.62
(xi) Portfolio Yield
(Net of Defaulted Receivables) 13.40%
(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 5.40625%
(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 11,190,684.08 932,557.01 1,199,001.87 13,322,242.96
(xxii) Certificate Rate 5.56625% 5.79625% 6.60625%
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-----------------------------------------
Name: Patricia M. Garvey
Title: Vice President
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-2
<TABLE>
Distribution Date: 11/15/1999
Period Type: Revolving
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 2,387,968.75 206,887.60 287,841.55 2,882,697.90
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 64,283,940.77 5,356,909.35 6,887,650.89 76,528,501.01
(iv) Collections of Finance
Charge Receivables 7,877,122.72 656,416.39 843,987.95 9,377,527.06
(v) Aggregate Amount of Principal
Receivables 19,404,771,482.78
Investor Interest 500,000,000.00 41,666,000.00 53,572,096.00 595,238,096.00
Adjusted Interest 500,000,000.00 41,666,000.00 53,572,096.00 595,238,096.00
Series
Floating Investor Percentage 3.07% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 3.07% 84.00% 7.00% 9.00% 100.00%
(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%
----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,294,407.42 191,197.56 245,832.43 2,731,437.41
(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 416,666.67 34,721.67 44,643.41 496,031.75
(xi) Portfolio Yield
(Net of Defaulted Receivables) 13.40%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest
(Class A Adjusted) 500,000,000.00 41,666,000.00 53,572,096.00 595,238,096.00
(xiv) LIBOR 5.40625%
(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 7,460,456.06 621,694.72 799,344.54 8,881,495.32
(xxii) Certificate Rate 5.54625% 5.76625% 6.30625%
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
By:
-----------------------------------------
Name: Patricia M. Garvey
Title: Vice President
|
|