|
|
|
|
|
|
|
|
|
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: March 19, 1998
----------------------------------
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
------------------------------------------------------
(Originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
CHASE MANHATTAN AUTO OWNER TRUST 1996-C
-----------------------------------------
(Issuer with respect to Certificates)
Delaware 333-7575 13-2633612
--------------- ----------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
802 Delaware Avenue, Wilmington, Delaware 19801
------------------------------------------- ----------
(Address of principal executive offices) (Zip code)
(302) 575-5033
---------------------------------------------------
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
On 3/16/1998, Chase Manhattan Auto Owner Trust 1996-C (the "Trust") made the
distribution to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of December 1, 1996 (the "Sale and Servicing Agreement"),
between Chase Manhattan Bank USA, National Association, as Seller and Servicer,
and the Trust, as Issuer. A copy of the Certificateholder Report for such
Distribution Date delivered pursuant to section 5.8 of the Sale and
Servicing Agreement is being filed as Exhibit 20.1 to this Current Report
on Form 8-K.
Item 7 (c). Exhibits
Exhibit Description
------- -----------
20.1 Monthly Certificateholder's statement with respect to the
March 16, 1998 distribution.
<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Bank has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION
By: /s/ Patricia Garvey
-------------------
Name: Patricia Garvey
Title: Vice President
Date: March 19, 1998
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit Description
------- -----------
20.1 Certificateholder Report dated 3/13/1998 delivered pursuant to
Section 5.8 of the Sale and Servicing Agreement dated as of
December 1, 1996.
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1996-C
STATEMENT TO CERTIFICATEHOLDERS
PERIOD 15 PAGE # 1
DETERMINATION: 10-Mar-98 Beginning 2/1/98
DISTRIBUTION: 16-Mar-98 Ending 2/28/98
TIME: 3/13/98 9:49
CLASS A-1 5.489% MONEY MARKET ASSET BACKED NOTES
CLASS A-2 5.750% ASSET BACKED NOTES
CLASS A-3 5.950% ASSET BACKED NOTES
CLASS A-4 6.150% ASSET BACKED NOTES
CLASS B-1 6.250% ASSET BACKED CERTIFICATES
<TABLE>
<CAPTION>
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C> <C> <C> <C>
A-1 Notes $225,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-2 Notes $239,000,000.00 $95,975,994.86 $21,748,088.13 $459,884.98 $22,207,973.11 $74,227,906.73
A-3 Notes $324,000,000.00 $324,000,000.00 $0.00 $1,606,500.00 $1,606,500.00 $324,000,000.00
A-4 Notes $178,000,000.00 $178,000,000.00 $0.00 $912,250.00 $912,250.00 $178,000,000.00
NOTES TOTALS $966,000,000.00 $597,975,994.86 $21,748,088.13 $2,978,634.98 $24,726,723.11 $576,227,906.73
B-1 $30,938,845.63 $26,363,258.27 $695,759.27 $137,308.64 $833,067.91 $25,667,499.00
CERT TOTALS $30,938,845.63 $26,363,258.27 $695,759.27 $137,308.64 $833,067.91 $25,667,499.00
TOTALS $996,938,845.63 $624,339,253.13 $22,443,847.40 $3,115,943.62 $25,559,791.02 $601,895,405.73
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C>
A-1 0.00000000 0.00000000 0.00000000
A-2 90.99618464 1.92420494 310.57701561
A-3 0.00000000 4.95833333 1,000.00000000
A-4 0.00000000 5.12500000 1,000.00000000
Totals 22.51354879 3.08347306 596.50922022
B-1 22.48821040 4.43806604 829.62044890
Totals 22.48821040 4.43806604 829.62044890
TOTALS 22.51276244 3.12551129 603.74355796
IF THERE ARE ANY QUESTIONS OR COMMENTS,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW
KIM COSTA
THE CHASE MANHATTAN BANK - ASPG
450 WEST 33RD STREET, 15TH FLOOR
NEW YORK, NEW YORK 10001
(212) 946-3247
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
</TABLE>
<PAGE>
<TABLE>
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1996-C
STATEMENT TO CERTIFICATEHOLDERS
PERIOD 15 PAGE # 2
DETERMINATION: 10-Mar-98 Beginning 2/1/98
DISTRIBUTION: 16-Mar-98 Ending 2/28/98
TIME: 3/13/98 9:49
per $1000
Section 5.8 (iii) Servicing Fee $520,282.71 .52188027
Section 5.8 (iv) Administration Fee $1,000.00 .00100307
Section 5.8 (vi) Pool Balance at the end of the Collection Period $601,895,405.73
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $0.00
By Servicer $0.00
TOTAL $0.00
Section 5.8 (viii) Realized Losses for Collection Period $387,323.14
Section 5.8 (ix) Reserve Account Balance after Disbursement $18,056,862.17
Section 5.8 (x) Specified Reserve Account Balance $18,056,862.17
Section 5.8 (xi) Total Distribution Amount $26,762,322.34
Servicing Fee $520,282.71
Administrative Fee $1,000.00
Noteholders' Distribution Amount $24,726,723.11
Certificateholders' Distribution Amount $833,067.91
Deposit to Reserve Account $681,248.61
Section 5.8 (xii) Noteholders' Distributable Amount
<CAPTION>
Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
<S> <C> <C> <C> <C> <C> <C>
A-2 $21,748,088.13 $459,884.98 $22,207,973.11 90.99618464 1.92420494 92.92038958
A-3 $0.00 $1,606,500.00 $1,606,500.00 0.00000000 4.95833333 4.95833333
A-4 $0.00 $912,250.00 $912,250.00 0.00000000 5.12500000 5.12500000
Total $21,748,088.13 $2,978,634.98 $24,726,723.11 22.51354879 3.08347306 25.59702185
Section 5.8 (xiii) Certificateholders' Distributable Amount
Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
<S> <C> <C> <C> <C> <C> <C>
Total $695,759.27 $137,308.64 $833,067.91 22.48821040 4.43806604 26.92627643
Section 5.8 (xiv) Reserve Account Transfer Amount $681,248.61
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
</TABLE>
|
|