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Previous: CHASE MANHATTAN BANK /NY/, 8-K, 1999-09-30 |
Next: INSURED MUNICIPALS INCOME TR & IN QU TAX EX TR MUL SER 83, 24F-2NT, 1999-09-30 |
<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: September 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 19 outstanding series of asset
backed certificates. The asset backed certificates are serviced in accordance
with the Second Amended and Restated Pooling and Servicing Agreement, dated as
of September 1, 1996, 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 September 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 September 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: September 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
September 15, 1999 distribution
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1996-4
Distribution Date: 9/15/99
<TABLE>
<CAPTION>
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 6,298,541.67 546,264.24 736,722.02 7,581,527.93
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 183,879,759.34 15,323,225.72 19,701,490.35 218,904,475.41
(iv) Collections of Finance Charge Receivables 22,864,448.18 1,905,359.79 2,449,773.19 27,219,581.16
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 8.98% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 8.98% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 7,110,909.01 592,572.36 761,886.49 8,465,367.87
(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) 13.50%
(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 5.26875%
(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 21,697,781.51 1,808,138.13 2,324,772.64 25,830,692.27
(xxii) Certificate Rate 5.39875% 5.61875% 5.89375%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-1
Distribution Date: 9/15/99
<TABLE>
<CAPTION>
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 5,135,468.75 443,926.41 607,730.44 6,187,125.60
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 151,044,088.03 12,586,963.55 16,183,338.92 179,814,390.51
(iv) Collections of Finance Charge Receivables 18,781,511.00 1,565,120.47 2,012,310.19 22,358,941.67
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 7.37% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 7.37% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 5,841,103.83 486,756.96 625,834.25 6,953,695.04
(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 958,333.33 79,860.83 102,678.85 1,140,873.02
(xi) Portfolio Yield (Net of Defaulted Receivables) 13.50%
(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 5.26875%
(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 17,823,177.67 1,485,259.64 1,909,631.34 21,218,068.65
(xxii) Certificate Rate 5.35875% 5.55875% 5.91875%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-2
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 7,875,000.00 458,095.13 567,206.57 8,900,301.69
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 197,014,027.87 11,193,943.04 15,671,606.28 223,879,577.18
(iv) Collections of Finance Charge Receivables 24,497,623.05 1,391,905.95 1,948,679.02 27,838,208.01
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 9.18% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 9.18% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 7,618,831.08 432,886.74 606,044.77 8,657,762.60
(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) 13.50%
(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 5.26875%
(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 23,247,623.05 1,320,883.45 1,849,246.98 26,417,753.47
(xxii) Certificate Rate 6.30000% 6.45000% 5.76875%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-3
Distribution Date: 9/15/99
Period Type: Amortization
<TABLE>
<CAPTION>
Section 5.2 - Supplement Class A Class B Collateral Total
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
(i) Monthly Principal Distributed 63,075,000.00 0.00 6,238,553.49 69,313,553.49
(ii) Monthly Interest Distributed 4,235,625.00 97,546.18 134,348.77 4,467,519.95
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 32,835,671.31 2,736,262.16 3,518,151.47 39,090,084.94
(iv) Collections of Finance Charge Receivables 4,082,937.17 340,239.32 437,463.00 4,860,639.50
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 1.60% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 1.60% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 1,269,805.18 105,815.41 136,052.25 1,511,672.84
(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) 13.55%
(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 5.26875%
(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 11,952.84
(xix) Available Funds 6,710,306.68 322,878.49 415,141.30 7,448,326.47
(xx) Certificate Rate 6.77700% 5.61875% 6.01875%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-4
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 2,714,375.00 234,531.25 311,049.11 3,259,955.36
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 78,805,611.15 6,567,134.26 8,443,458.43 93,816,203.84
(iv) Collections of Finance Charge Receivables 9,799,049.22 816,587.43 1,049,898.14 11,665,534.80
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 3.85% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 3.85% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,047,532.43 253,961.04 326,521.34 3,628,014.80
(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) 13.50%
(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 5.26875%
(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 9,299,049.22 774,920.77 996,326.71 11,070,296.70
(xxii) Certificate Rate 5.42875% 5.62875% 5.86875%
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1997-5
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 2,580,833.33 151,230.58 196,171.14 2,928,235.05
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 65,671,342.62 3,731,314.35 5,223,868.85 74,626,525.81
(iv) Collections of Finance Charge Receivables 8,165,874.35 463,968.65 649,559.68 9,279,402.68
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 3.06% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.06% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,539,610.36 144,295.58 202,014.93 2,885,920.87
(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) 13.50%
(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 5.26875%
(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 7,749,207.68 440,294.48 616,415.67 8,805,917.83
(xxii) Certificate Rate 6.19400% 6.38800% 5.91875%
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-2
Distribution Date: 9/15/99
Period Type: Amortization
<TABLE>
<CAPTION>
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 0.00 306,594.16 410,271.05 716,865.21
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 105,074,148.19 8,756,091.45 11,258,032.09 125,088,271.74
(iv) Collections of Finance Charge Receivables 13,065,398.96 1,088,772.36 1,399,875.07 15,554,046.39
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 5.13% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 5.13% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 4,063,376.58 338,611.33 435,365.17 4,837,353.07
(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) 13.50%
(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 5.26875%
(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 --
(xix) Available Funds 12,398,732.29 1,033,217.36 1,328,445.94 14,760,395.59
(xx) Certificate Rate 5.42200% 5.51875% 5.74375%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-3
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 3,000,000.00 174,711.25 232,639.43 3,407,350.68
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 78,805,611.15 4,477,472.14 6,268,747.59 89,551,830.87
(iv) Collections of Finance Charge Receivables 9,799,049.22 556,749.31 779,484.67 11,135,283.21
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 3.67% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.67% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,047,532.43 173,150.63 242,421.97 3,463,105.04
(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) 13.50%
(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 5.26875%
(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 9,299,049.22 528,340.98 739,711.19 10,567,101.39
(xxii) Certificate Rate 6.00000% 6.15000% 5.91875%
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-5
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 2,940,572.92 254,072.39 350,998.56 3,545,643.87
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 85,372,745.41 7,114,307.89 9,147,167.45 101,634,220.75
(iv) Collections of Finance Charge Receivables 10,615,636.65 884,625.50 1,137,400.53 12,637,662.69
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 4.17% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.17% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,301,493.47 275,121.07 353,734.83 3,930,349.37
(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) 13.50%
(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 5.26875%
(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 10,073,969.99 839,487.17 1,079,364.26 11,992,821.42
(xxii) Certificate Rate 5.42875% 5.62875% 6.11875%
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1998-6
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 2,994,739.58 260,843.14 371,647.30 3,627,230.03
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 85,372,745.41 7,114,307.89 9,147,167.45 101,634,220.75
(iv) Collections of Finance Charge Receivables 10,615,636.65 884,625.50 1,137,400.53 12,637,662.69
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 4.17% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.17% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,301,493.47 275,121.07 353,734.83 3,930,349.37
(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) 13.50%
(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 5.26875%
(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 10,073,969.99 839,487.17 1,079,364.26 11,992,821.42
(xxii) Certificate Rate 5.52875% 5.77875% 6.49954%
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-1
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 3,392,968.75 294,726.56 426,478.79 4,114,174.11
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 98,507,013.93 8,208,917.83 10,554,322.94 117,270,254.70
(iv) Collections of Finance Charge Receivables 12,248,811.52 1,020,734.29 1,312,372.67 14,581,918.48
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 4.81% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.81% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 3,809,415.54 317,451.30 408,151.67 4,535,018.50
(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) 13.50%
(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 5.26875%
(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 11,623,811.52 968,650.96 1,245,408.38 13,837,870.86
(xxii) Certificate Rate 5.42875% 5.65875% 6.46875%
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-2
Distribution Date: 9/15/99
Period Type: Revolving
<TABLE>
<CAPTION>
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 2,253,645.83 195,439.58 272,417.87 2,721,503.28
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 65,671,342.62 5,472,524.32 7,036,302.94 78,180,169.89
(iv) Collections of Finance Charge Receivables 8,165,874.35 680,478.64 874,926.01 9,721,279.00
(v) Aggregate Amount of Principal Receivables 18,569,000,116.53
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 3.21% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 3.21% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 96.12%
30 to 59 days 1.27%
60 to 89 days 0.89%
90 or more days 1.72%
-----------------
Total Receivables 100.00%
(vii) Investor Default Amount 2,539,610.36 211,630.81 272,104.50 3,023,345.67
(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) 13.50%
(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 5.26875%
(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 7,749,207.68 645,756.97 830,282.60 9,225,247.25
(xxii) Certificate Rate 5.40875% 5.62875% 6.16875%
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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