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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: November 15, 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 1996-C
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(Issuer)
Delaware 333-7575 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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 1996-C is the issuer of 4 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 December 1, 1996, 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 Auto Owner Trust 1996-C, as issuer.
On November 15, 1999, Chase USA, as servicer, distributed monthly
interest to the holders of the cotes and certificates. Chase USA furnished a
copy of the monthly statement to certificateholders for 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 November 15, 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: November 30, 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 11/15/1999 delivered
pursuant to Section 5.8 of the Sale and Servicing Agreement
dated as of December 1, 1996.
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Chase Manhattan Auto Owner Trust 1996-C
Statement to Certificateholders
November 15, 1999
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<TABLE>
<CAPTION>
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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 225,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 239,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 324,000,000.00 27,455,716.69 13,468,374.78 136,134.60 13,604,509.38 0.00 0.00 13,987,341.91
A4 178,000,000.00 178,000,000.00 0.00 912,250.00 912,250.00 0.00 0.00 178,000,000.00
B1 30,938,845.63 13,805,850.00 430,876.80 71,905.47 502,782.27 0.00 0.00 13,374,973.20
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TOTALS 996,938,845.63 219,261,566.69 13,899,251.58 1,120,290.07 15,019,541.65 0.00 0.00 205,362,315.11
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</TABLE>
<TABLE>
<CAPTION>
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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 5.489000%
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.750000%
A3 84.73986633 41.56905796 0.42016852 41.98922648 43.17080836 A3 5.950000%
A4 1,000.00000000 0.00000000 5.12500000 5.12500000 1,000.00000000 A4 6.150000%
B1 446.23028813 13.92672516 2.32411612 16.25084129 432.30356297 B1 6.250000%
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TOTALS 219.93482113 13.94192998 1.12372998 15.06565996 205.99289115
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</TABLE>
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IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Mark McDermott
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7016
Email: [email protected]
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[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Auto Owner Trust 1996-C
November 15, 1999
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STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<S> <C>
Due Period 35
Due Period Beginning Date 10/01/99
Due Period End Date 10/31/99
Determination Date 11/10/99
Section 5.8(iii) Servicing Fee 182,717.97
Section 5.8(iii) Servicing Fee per $1000 0.18327902
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00100307
Section 5.8(vi) Pool Balance at the end of the Collection Period 205,362,315.11
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 221,567.40
TOTAL 221,567.40
Section 5.8(viii) Realized Net Losses for Collection Period 38,217.39
Section 5.8(ix) Reserve Account Balance after Disbursement 7,477,041.34
Section 5.8(x) Specified Reserve Account Balance 7,477,041.34
Section 5.8(xi) Total Distribution Amount 15,540,117.14
Servicing Fee 182,717.97
Administration Fee 1,000.00
Noteholders Distribution Amount 14,516,759.38
Certficateholders Distribution Amount 502,782.27
Deposit to Reserve Account 336,857.52
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[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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