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<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: October 15, 1999
THE CHASE MANHATTAN BANK
(formerly known as "The Chase Manhattan Bank, N.A.")
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(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN GRANTOR TRUST 1996-A
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(Issuer with respect to Certificates)
New York 33-99544 13-4994650
- ---------------------------- ------------- -------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
270 Park Avenue, New York, New York 10017
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
<PAGE>
Item 5. Other Events:
Chase Manhattan Grantor Trust 1996-A is the issuer of a single class of
Automobile Loan Pass-Through Certificates. The certificates are serviced in
accordance with the Pooling and Servicing Agreement, dated as of February 1,
1996, as amended. The parties to the Pooling and Servicing Agreement are: The
Chase Manhattan Bank, as seller and as servicer, and Norwest Bank Minnesota,
National Association, as trustee.
On October 15, 1999, Chase, as servicer, distributed monthly interest to
the holders of the certificates. Chase furnished a copy of monthly statement to
certificateholders for the series as required by the Pooling and Servicing
Agreement. A copy of the monthly statement to certificateholders is being filed
as Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
-------- -----------
20.1 Monthly Statement to Certificateholders with
respect to the October 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: October 29, 1999
THE CHASE MANHATTAN BANK,
as Servicer
By: /s/ Jeffrey D. Hammer
---------------------------
Name: Jeffrey D. Hammer
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- ---------------
20.1 Statement to Certificateholders dated
10/15/1999 delivered pursuant to Section
5.7 of the Pooling and Servicing Agreement
dated as of February 1, 1996.
<PAGE>
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Chase Manhattan Grantor Trust 1996-A
Statement to Certificateholders
October 15, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
================================================================================================================================
DISTRIBUTION IN DOLLARS
- --------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 1,474,263,764.33 118,178,380.46 11,919,870.97 512,106.32 12,431,977.29 0.00 0.00 106,258,509.49
- --------------------------------------------------------------------------------------------------------------------------------
TOTALS 1,474,263,764.33 118,178,380.46 11,919,870.97 512,106.32 12,431,977.29 0.00 0.00 106,258,509.49
================================================================================================================================
</TABLE>
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
- --------------------------------------------------------------------------------
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR
- --------------------------------------------------------------------------------
A 80.16094767 8.08530418 0.34736411 8.43266829 72.07564349
- --------------------------------------------------------------------------------
TOTALS 80.16094767 8.08530418 0.34736411 8.43266829 72.07564349
================================================================================
=======================
PASS-THROUGH RATES
- -----------------------
CURRENT
CLASS PASS-THRU
RATE
- -----------------------
A 5.200000 %
=======================
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Kimberly Costa
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-3247
Email: [email protected]
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY REPORT
<TABLE>
<S> <C>
Due Period 44
Due Period Beginning Date 09/01/99
Due Period End Date 09/30/99
Determination Date 10/08/99
I. Monthly Expense Summary
A. Servicing Fee Disbursement 98,481.98
B. Cash Collateral Account Expense 0.00
C. Total Expenses Paid (per $1000 of Original Principal Amount) 0.06680079
II. Cash Collateral Account Deposit Amount 0.00
III. Outstanding Advance Summary
A. From Prior Period 3,655,004.03
B. From Current Period 3,648,579.38
C. Change in Amount Between Periods (Line B - A) -6,424.65
IV. Available Cash Collateral Account Information for Due Period
A. Available Cash Collateral Amount 11,056,978.23
B. Available Cash Collateral Amount Percentage 9.35617681 %
V. Available Cash Collateral Account Information for Next Period
A. Available Cash Collateral Amount 11,056,978.23
B. Available Cash Collateral Amount Percentage 10.40573436 %
VI. Required Cash Collateral Amount
A. For the Current Collection Period 11,056,978.23
B. For the Next Collection Period 11,056,978.23
VII. Payment Summary for Servicer
A. Monthly Servicing Fees
1. Scheduled Monthly Servicing Fee 98,481.98
B. Monthly Disbursements to Servicer
1. Monthly Servicing Fee and Unpaid Servicing Fee 98,481.98
2. Reimbursed Advance Amount 161,483.57
3. Net Investment Earnings on Certificate Account 0.00
4. Total (Lines 1 thru 3) 259,965.55
C. Advance by Servicer 138,192.96
D. Net Disbursement to Seller (Lines B - C) 121,772.59
VIII. Certificate Account Surplus from Cert Acct to Cash Collateral Acct 0.00
IX. Disbursements on Cash Collateral Loan
A. Interest Payment on Loan 0.00
B. Fees and Expenses on Loan 0.00
C. Principal Payment on Loan 0.00
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
X. Repayment to Seller
A. From Available Cash Collateral Funds 49,111.41
B. From Certificate Account
1. Excess Funds 197,974.12
2. Certificate Amount Surplus 0.00
3. Excess Amount ( Lines 1 -2) 197,974.12
C. Excess Amount Paid Seller (Lines A + B) 247,085.53
XI. Recoveries of Defaulted Receivables for Due Period 73,929.23
XII. Recoveries of Interest Delinquencies for Due Period 161,483.57
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY SERVICER CERTIFICATE REPORT
<TABLE>
<S> <C>
I. Available Amount in the Certificate Account
A. Credits
1. Payments form Obligors Applied to Collection Period
a. Principal Payments 11,637,945.65
b. Recovery of Advance 150,778.30
c. Other Interest Payments 755,741.30
d. Total (A thru C) 12,544,465.25
2. Repurchase Amount from Repurchased Receivables
a. Principal before Cutoff Date 0.00
b. Interest before Cutoff Date 0.00
c. Principal Payments 130,286.91
d. Recovery of Advance 2,272.26
e. Other Interest Payments 770.32
f. Total (A thru E) 133,329.49
3. Reversal from Defaulted Contracts 0.00
4. Recovery of Defaulted Receivables 73,929.23
5. Recovery Amount Before Cutoff Date (Excluding Repurchased Receivables
a. Principal 0.00
b. Interest 0.00
c. Total (A thru B) 0.00
6. Investment Earnings on Certificate Account 0.00
7. Net Adjustments 0.03
8. Advance by Servicer 138,192.96
9. Overpayment from Obligors 0.00
10. Total Credits 12,889,916.96
B. Debits
1. Overpayments from Obligors 0.00
2. Recovery Amount Before Cutoff Date to Seller
a. Principal 0.00
b. Interest 0.00
c. Total (Lines A thru B) 0.00
3. Reversal from Defaulted Contracts 0.00
4. Reimbursement of Advance
a. From Payments of Non-Defaulted Receivables 153,050.59
b. From Recovery of Defaulted Receivables 0.00
c. Total (Lines A thru B) 153,050.59
5. Net Investment Earnings on Certificate Account 0.00
6. Total Debits (Lines 1 thru 5) 153,050.59
C. Total Available Amount 12,736,866.37
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY SERVICER CERTIFICATE REPORT
<TABLE>
<S> <C>
II. Reimbursement of Advance on Defaulted Receivables
A. Recovery of Advance 636.68
B. Unreimbursed Advance from Prior Period 0.00
C. Reimbursed Amount (Min: Lines A and B) 0.00
III. Excess Collections for Collection Period
A.Excess Spread Amount 284,116.28
B. Net Recovery of Defaulted Receivables
1.Recovery of Defaulted Receivables 73,929.23
2. Reimbursement of Advance 0.00
3. Net Recovery of Defaulted Receivables (lines 1-2) 73,929.23
C. Excess Spread Amount to this Periods Defaulted Receivables
1. Balance on Defaulted Receivables
a. Principal 151,638.41
b. Advanced Interest 8,432.98
c. Unadvanced Interest 0.00
d. Total (Lines A thru C) 160,071.39
2. Amount Applied to Default Balance (Min: Lines A+B and C.1) 160,071.39
D. Principal Carryover Shortfall 0.00
E. Adjustment to Excess Collection 0.00
F. Excess Collections 197,974.12
IV. Scheduled Monthly Disbursements
A. Unreimbursed Advance on Defaulted Receivables 0.00
B. Principal and Interest to Certificateholders
1. Monthly Prinicpal
a. From Repurchsed Receivables 130,286.91
b. From Defaulted Receivables 151,638.41
c. Principal Payment 11,637,945.65
d. Total (Lines A thru C) 11,919,870.97
2. Monthly Interest 512,106.32
3. Unpaid Interest 0.00
4. Principal Carryover Shortfall 0.00
5. Total 12,431,977.29
C. Servicing Fee to Servicer
1. Monthly Servicing Fee 98,481.98
2. Overdue Monthly Servicing Fee 0.00
3. Total (Lines 1 thru 2) 98,481.98
D. Total (Lines A thru C) 12,530,459.27
V. Payment Deficiency Amount
A. Scheduled Monthly Disbursements 12,530,459.27
B. Available Distribution Amount
1. Available Amount in Certificate Account 12,736,866.37
2. Excess Collections in Certificate Account 197,974.12
3. Reimbursed Advance on Defaulted Receivables from Excess Spread 8,432.98
4. Available Distribution Amount (Lines 1-2-3) 12,530,459.27
C. Payment Deficiency Amount (Max: (Lines A-B) and 0.00) 0.00
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY SERVICER CERTIFICATE REPORT
<TABLE>
<S> <C>
VI. Cash Collateral Account Withdrawal
A. Available Cash Collateral Amount for the Collection Period 11,056,978.23
B. Payment Deficiency Amount 0.00
C. Cash Collateral Account Withdrawal 0.00
VII. Disbursements from the Certificate Account with CCA Withdrawal
A. Available Distribution Amount
1. Available Distribution Amount from Certificate Account 12,736,866.37
2.Excess Collections 197,974.12
3. Cash Collateral Account Withdrawal 0.00
4. Reimbursed Advance on Defaulted Receivables from Excess Spread 8,432.98
5 Available Amount (Lines 1 - 2 + 3 - 4) 12,530,459.27
B.Disbursements of Advance on Defaulted Receivables 0.00
C. Disbursements to Certificateholders 12,431,977.29
D. Monthly Servicing Fee and Overdue Servicing Fee 98,481.98
E. Excess Funds from Certificate Account
1. Available Amount after Distribution (Lines A - B - C- D) 0.00
2. Excess Collections 197,974.12
3.Excess Funds (Lines 1 + 2) 197,974.12
VIII. Average Certificate Principal Balance for the Collection Period
A. Beginning Balance 118,178,380.46
B. Ending Balance 106,258,509.49
C. Average Balance (Lines (A + B) / 2 ) 112,218,444.97
IX. Delinquency and Defaults Information
<CAPTION>
Group 1
==================================================================
Period Number Delinquency Amount Principal Balance
------------------------------------------------------------------
<S> <C> <C> <C>
30-59 days 747 533,069.32 3,282,663.00
------------------------------------------------------------------
60-89 days 126 123,722.90 504,883.56
------------------------------------------------------------------
90-119 days 47 59,185.36 162,534.84
------------------------------------------------------------------
120+149 days 21 30,795.14 74,210.39
------------------------------------------------------------------
150+179 days 15 20,710.16 35,726.65
------------------------------------------------------------------
180+209 days 9 16,019.41 28,496.74
------------------------------------------------------------------
210+239 days 6 10,686.81 14,685.24
------------------------------------------------------------------
240+Days 0 0.00 0.00
Delinquent
------------------------------------------------------------------
Total 971 794,189.10 4,103,200.42
==================================================================
<CAPTION>
<S> <C>
B. Principal Amount of Loans in Defaulted Receivables 151,638.41
C. Delinquency Percentage
1. Outstanding Principal Balance for Deliquency >= 60 Days 820,537.42
2. Portfolio Principal Ending Balance for the Collection Period 106,258,509.49
3. Delinquency Percentage 0.77220867 %
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY SERVICER CERTIFICATE REPORT
<TABLE>
<S> <C>
X. Portfolio Average Delinquency Rate
A. Delinquency Rate for Second Prior Period 0.94219465 %
B. Delinquency Rate for Prior Period 0.99158254 %
C. Delinquency Rate for Current Period 0.77220867 %
D. Average Deliquency Rate 0.90199529 %
XI. Portfolio Average Three Due Periods Charge Off Rate
A. Charge Off Rate for Second Prior Period 0.48137940 %
B. Charge Off Rate for Prior Period 0.51702931 %
C. Charge Off Rate for Current Period
1. Principal Recoveries of Defaulted Receivables 73,177.02
2. Principal on Defaulted Receivables 151,638.41
3. Average Pool Balance for Collection Period 112,218,444.97
4. Charge Off Rate ( 12 * ( Lines ( 2 - 1) / 3) 0.83902132 %
D. Average Charge Off Rate ( ( Lines A thru C) / 3) 0.61247668 %
XII. Required Cash Collateral Amount for Next Collection Period
A. Cash Collateral Floor Amount
1. Maximum Amount 11,056,978.23
2. Possible Floor Amount
a. Pool Principal Balance at the Beginning of Collection Period 118,178,380.46
b. Cumulative Monthly Interest Through Final Distribution Date 14,338,976.83
c. Cumulative Monthly Servicing Fee Through Final Distribution Date 2,757,495.54
d. Total ( Lines A thru C) 135,274,852.83
3. Cash Collateral Floor Amount ( Min: Lines 1 & 2) 11,056,978.23
B. Possible Cash Collateral Amount
1. Cash Collateral Percentage
a. Average Three Period Delinquency Percentage 0.90199529 %
b. Delinquency Percentage Trigger 1.25000000 %
c. Average Three Period Charge Off Rate 0.61247668 %
d. Charge Off Rate Trigger 1.25000000 %
e. Maximum Cash Collateral Percentage Specified 7.00000000 %
f. Minimum Cash Collateral Percentage Specified 5.00000000 %
g. Cash Collateral Percentage Applied (If a>b or c>d, then e, else f) 5.00000000 %
2. Pool Principal Balance 106,258,509.49
3. Possible Amount 5,312,925.47
C. Required Cash Collateral Amount (Max: Lines A & B) 11,056,978.23
XIII. Deposit to Cash Collateral Account
A. Excess Funds from Certificate Account 197,974.12
B. Required Deposit to Cash Collateral Account
1. Required Cash Collateral Amount for Next Period 11,056,978.23
2. Available Cash Collateral Amount 11,056,978.23
3. Cash Collateral Account Withdrawal 0.00
4. Required Deposit Amount ( Max: 0 & Lines 1-2+3) 0.00
C. Deposit Amount to Cash Collateral Account (Min: Lines A & B) 0.00
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY SERVICER CERTIFICATE REPORT
<TABLE>
<S> <C>
XIV. Memorandum Spread Account Unfunded Amount
A. Memorandum Spread Account Cap
1. Cash Collateral Floor Amount 11,056,978.23
2. Possible Cap
a. Pool Principal Balance 106,258,509.49
b. Memorandum Spread Account Cap Percentage
1. Average Three Period Charge Off Rate 0.61247668 %
2. Minimum Charge Off Rate Trigger 1.25000000 %
3. Average Three Period Delinquency Rate 0.90199529 %
4. Minimum Delinquency Percentage 1.25000000 %
5. Minimum Cap Percentage Specified 1.00000000 %
6. Maximum Cap Percentage Specified 2.00000000 %
7. Memorandum Spread Account Cap Percentage (If 1<=2 and
3<=4 then 5 else 6) 1.00000000 %
c. Possible Amount (Lines a * b) 1,062,585.09
3. Memorandum Spread Account Cap (Max: Lines ( 1 + 2)) 11,056,978.23
B. Memorandum Spread Account Amount
1. Available Cash Collateral Amount 11,056,978.23
2. Cash Collateral Account Deposit 0.00
3. Cash Collateral Account Withdrawal 0.00
4. Principal Balance on Cash Collateral Loan 0.00
5. Memorandum Spread Account Amount (Max: 0 & Lines 1 + 2 - 3 - 4) 11,056,978.23
C. Memorandum Spread Account Unfunded Amount (Max: 0 & Lines A - B) 0.00
XV. Available Cash Collateral Payment Funds
A. Certificate Account Surplus
1. Excess Funds from Certificate Account 197,974.12
2. Memorandum Spread Account Unfunded Amount 0.00
3. Certificate Account Surplus 0.00
B. Cash Collateral Account Surplus
1. Available Cash Collateral Amount 11,056,978.23
2. Cash Collateral Account Deposit 0.00
3. Cash Collateral Account Withdrawal 0.00
4. Required Cash Collateral Amount for Next Period 11,056,978.23
5. Cash Collateral Account Surplus (Max: 0 & Lines 1 + 2 - 3 - 4) 0.00
C. Investment Earnings on Cash Collateral Account 49,111.41
D. Available Cash Collateral Payment Funds 49,111.41
XVI. Scheduled Disbursement on Cash Collateral Loan
A. Scheduled Interest
1. Interest on Deposit Rate Portion 0.00
2. Interest on Base Rate Portion 0.00
3. Unpaid Interest 0.00
4. Total (Lines 1 thru 3) 0.00
B. Fees and Expenses
1. Fees and Expenses 0.00
2. Overdue Fees and Expenses 0.00
3. Total (Lines 1 thru 2) 0.00
C. Total ( Lines A + B ) 0.00
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY SERVICER CERTIFICATE REPORT
<TABLE>
<S> <C>
XVII. Excess From Memorandum Spread Account
A. Memorandum Spread Account Cap 11,056,978.23
B. Adjusted Memorandum Spread Account Amount
1. Memorandum Spread Account Amount 11,056,978.23
2. Investment Earnings on Cash Collateral Account 49,111.41
3. Interest Due to Cash Collateral Loan 0.00
4. Fees and Expenses to Cash Collateral Loan 0.00
5. Adjusted Memorandum Spread Account Amount (Max: 0 & Lines 1 + 2 - 3 - 4) 11,106,089.64
C. Excess from Memorandum Spread Account 49,111.41
XVIII. Disbursement of Available Cash Collateral Payment Funds
A. Available Cash Collateral Payment Funds 49,111.41
B. Interest Payment to Cash Collateral Loan 0.00
C. Fees and Expenses on Cash Collateral Depositor 0.00
D. Principal Payment to Cash Collateral Loan
1. Available Disbursement Amount
a. Available Amount after Disbursement of Interest, Fees, & Expenses 49,111.41
b. From Excess of Memorandum Spread Account 49,111.41
c. Available Disbursement Amount 0.00
2. Principal Balance on Cash Collateral Loan 0.00
3. Principal Payment 0.00
E. Excess Amount to Seller 49,111.41
XIX. Available Cash Collateral Amount for Next Distrbution Date
A. Available Cash Collateral Amount
1. Available Cash Collateral Amount 11,056,978.23
2. Cash Collateral Account Deposit from Certificate Account 0.00
3. Cash Collateral Account Withdrawal 0.00
4. Cash Collateral Account Surplus 0.00
5. Available Cash Collateral Amount ( Lines 1 + 2 - 3 - 4 ) 11,056,978.23
B. Available Cash Collateral Percentage 10.40573436 %
XX. Reimbursed Advance
A. From Payment in Certificate Account 153,050.59
B. From Excess Spread 8,432.98
C. From Certificate Account with Cash Collateral Withdrawal 0.00
D. Total ( Lines A thru C ) 161,483.57
XXI. Excess Amount to Seller
A. From Available Cash Collateral Payment Funds 49,111.41
B. From Certificate Account
1. Excess Funds 197,974.12
2. Certificate Account Surplus 0.00
3. Excess Amount 197,974.12
C Excess Amount to Seller (Lines A thru B) 247,085.53
XXII. Weighted Average Coupon as of Current Period 9.08657425 %
XXIII. Weighted Average Maturity as of Current Period 13.20303094
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY BALANCE REPORT
<TABLE>
<S> <C>
I. Defaulted Receivables Summary
A. Beginning Balance
1. Principal 8,304,517.17
2. Interes 317,633.66
3. Total 8,622,150.83
B. Additions
1. Principal 151,638.41
2. Interest 8,432.98
3. Total ( Lines 1 thru 2) 160,071.39
C. Net Recoveries
1. Principal 73,177.02
2. Interest 0.00
3. Excess 115.53
4. Total ( Lines 1 thru 3) 73,292.55
D. Adjustments on Excess from Recoveries 115.53
E. Ending Balance
1. Principal 8,382,978.56
2. Interest 326,066.64
3. Total ( Lines 1 + 2) 8,709,045.20
II. Outstanding Advances Summary
A. Beginning Balance 3,655,004.03
B. Additions 138,192.96
C. Reimbursements
1. For Defaulted Receivables
a. From Receivables Excess Spread -8,432.98
b. From Cash Collateral Withdrawal 0.00
c. From Recoveries of Defaulted Receivables 0.00
d. Total ( Lines a thru c) -8,432.98
2. Others 153,050.59
3. Total ( Lines 1 thru 2 ) 144,617.61
D. Ending Balance ( Lines A + B - C ) 3,648,579.38
III. Unreimbursed Advances of Defaulted Receivables Summary
A. Beginning Balance 0.00
B. Additions 8,432.98
C. Reimbursements
1. From Recoveries of Defaulted Receivables 0.00
2. From Excess Reserve Account -8,432.98
3. From Cash Collateral Withdrawal 0.00
4. Total -8,432.98
D. Ending Balance ( Lines A + B - C) 0.00
</TABLE>
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<PAGE>
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Chase Manhattan Grantor Trust 1996-A
October 15, 1999
- --------------------------------------------------------------------------------
MONTHLY BALANCE REPORT
<TABLE>
<S> <C>
IV. Maturity Interest Deficiency Summary
A. Beginning Balance 2,326,299.07
B. Additions 76,381.50
C. Ending Balance 2,402,680.57
V. Certificate Principal Balance
A. Beginning Balance 118,178,380.46
B. Monthly Prinicpal
1. Defaulted Receivables 151,638.41
2. Repurchased Receivables 130,286.91
3. Principal Payment 11,637,945.65
4. Total ( Lines 1 thru 3 ) 11,919,870.97
C. Ending Balance ( Lines A - B ) 106,258,509.49
VI. Automobiles Receivables Balance Summary
A. Beginning Balance 118,178,380.46
B. Automobile Receivable Monthly Principal
1. Defaulted Receivables 151,638.41
2. Others 11,768,232.56
3. Total ( Lines 1 thru 2 ) 11,919,870.97
C. Ending Balance 106,258,509.49
VII. Automobiles Tally Summary
A. Beginning Number of Receivables 28,857
B. Additions 0
C. Deductions
1. Repurchased Receivables 20
2. Defaulted Receivables 59
3. Matured Receivables 1,561
4. Total ( Lines 1 thru 3 ) 1,640
D. Ending Number of Receivables 27,217
VIII. Cash Collateral Loan Summary
A. Beginning Balance 0.00
B. Repayment of Loan 0.00
C. Ending Balance 0.00
</TABLE>
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