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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: August 16, 1999
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN AUTO OWNER TRUST 1998-C
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(Issuer)
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Delaware 333-36939 13-2633612
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<S> <C> <C>
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
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Item 5. Other Events:
Chase Manhattan Auto Owner Trust 1998-C is the issuer of four classes of
Asset Backed Notes and a single class of Asset Backed Certificates. The notes
and certificates are serviced in accordance with the Sale and Servicing
Agreement, dated as of June 1, 1998, as amended. The parties to the Sale and
Servicing Agreement are: Chase Manhattan Bank USA, National Association, as
seller and as servicer, and Chase Manhattan Owner Trust, as issuer.
On August 16, 1999, Chase USA, as servicer, distributed monthly interest to
the holders of the notes and certificates. Chase USA furnished a copy of the
monthly Statement to Certificateholders for each of the series as required by
the Sale 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
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20.1 Monthly Statement to Certificateholder
with respect to the August 16, 1999
distribution.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: August 27, 1999
By: THE CHASE MANHATTAN BANK, USA, NATIONAL
ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Statement to Certificateholders dated 8/16/1999
delivered pursuant to Section 5.8 of the Sale and
Servicing Agreement dated as of June 1, 1998.
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Chase Manhattan Auto Owner Trust 1998-C
Statement to Certificateholders
August 16, 1999
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DISTRIBUTION IN DOLLARS
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ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 258,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 195,000,000.00 63,855,672.98 25,219,717.99 305,815.46 25,525,533.45 0.00 0.00 38,635,954.99
A3 325,000,000.00 325,000,000.00 0.00 1,570,833.33 1,570,833.33 0.00 0.00 325,000,000.00
A4 283,900,000.00 283,900,000.00 0.00 1,384,012.50 1,384,012.50 0.00 0.00 283,900,000.00
B1 32,889,211.45 28,833,201.34 779,991.28 144,166.01 924,157.29 0.00 0.00 28,053,210.06
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TOTALS 1,094,789,211.45 701,588,874.32 25,999,709.27 3,404,827.30 29,404,536.57 0.00 0.00 675,589,165.05
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
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<S> <C> <C> <C> <C> <C> <C> <C>
A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.588000 %
A2 327.46498964 129.33188713 1.56828441 130.90017154 198.13310251 A2 5.747000 %
A3 1,000.00000000 0.00000000 4.83333332 4.83333332 1,000.00000000 A3 5.800000 %
A4 1,000.00000000 0.00000000 4.87500000 4.87500000 1,000.00000000 A4 5.850000 %
B1 876.67657778 23.71571849 4.38338299 28.09910148 852.96085930 B1 6.000000 %
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TOTALS 640.84379621 23.74859836 3.11003001 26.85862837 617.09519786
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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]
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Auto Owner Trust 1998-C
August 16, 1999
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STATEMENT TO CERTIFICATEHOLDERS
<S> <C> <C>
Due Period 14
Due Period Beginning Date 07/01/99
Due Period End Date 07/31/99
Determination Date 08/10/99
Section 5.8(iii) Servicing Fee 584,657.40
Section 5.8(iii) Servicing Fee per $1000 0.534037
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.000913
Section 5.8(vi) Pool Balance at the end of the Collection Period 675,589,165.05
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 65,023.06
TOTAL 65,023.06
Section 5.8(viii) Realized Net Losses for Collection Period 149,270.90
Section 5.8(ix) Reserve Account Balance after Disbursement 20,267,674.95
Section 5.8(x) Specified Reserve Account Balance 20,267,674.95
Section 5.8(xi) Total Distribution Amount 31,125,706.23
Servicing Fee 584,657.40
Administration Fee 1,000.00
Noteholders Distribution Amount 28,480,379.28
Certficateholders Distribution Amount 924,157.29
Deposit to Reserve Account 1,135,512.26
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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