CHASE MANHATTAN BANK USA
8-K, 1999-07-30
ASSET-BACKED SECURITIES
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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: July 15, 1999


                 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
           ----------------------------------------------------------
                  (Originator of the Trust referred to herein)
           (Exact name of the registrant as specified in its charter)


                     CHASE MANHATTAN AUTO OWNER TRUST 1998-A
                     ---------------------------------------
                                    (Issuer)


         Delaware                       333-36939                13-2633612
- ----------------------------    ------------------------    -------------------
(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) 575-5033

<PAGE>


Item 5.  Other Events:

     On 7/15/99, Chase Manhattan Auto Owner Trust 1998-A (the "Trust") made
distributions to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of February 1, 1998, (the "Sale and Servicing Agreement"),
between the Registrant, 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

                  Exhibits          Description
                  --------          -----------

                  20.1              Monthly Certificateholder's statement with
                                    respect to the July 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: July 30, 1999

                                   By: THE CHASE MANHATTAN BANK, USA,
                                   NATIONAL ASSOCIATION
                                   as Servicer


                                   By: /s/ Patricia Garvey
                                   -----------------------
                                   Name: Patricia Garvey
                                   Title: Vice President


<PAGE>

                                INDEX TO EXHIBITS


                  Exhibit No.       Description
                  -----------       -----------
                  20.1              Certificateholder Reports dated 7/15/1999
                                    delivered pursuant to Section 5.8 of the
                                    Sale and Servicing Agreement dated as of
                                    February 1, 1998.



<PAGE>

                        CHASE MANHATTAN AUTO OWNER TRUST
                                  SERIES 1998-A
                         STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
        PERIOD 17                                                                                                      PAGE # 1
DETERMINATION: 09-Jul-1999                                                                                        Beginning 6/1/99
 DISTRIBUTION: 15-Jul-1999                                                                                           Ending 6/30/99
         TIME: 7/22/99 17:25
                                                    CLASS A-1 5.549% MONEY MARKET ASSET BACKED NOTES
                                                    CLASS A-2 5.679% ASSET BACKED NOTES
                                                    CLASS A-3 5.700% ASSET BACKED NOTES
                                                    CLASS A-4 5.800% ASSET BACKED NOTES
                                                    CLASS B-1 6.000% ASSET BACKED CERTIFICATES



                         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      $  238,000,000.00    $          0.00   $         0.00   $        0.00   $         0.00   $          0.00

         A-2 Notes      $  204,000,000.00    $  1,447,441.30   $ 1,447,441.30   $    6,850.02   $ 1,454,291.32   $          0.00

         A-3 Notes      $  294,000,000.00    $294,000,000.00   $24,220,120.89   $1,396,500.00   $25,616,620.89   $269,779,879.11

         A-4 Notes      $  246,000,000.00    $246,000,000.00   $         0.00   $1,189,000.00   $ 1,189,000.00   $246,000,000.00

- --------------------------------------------------------------------------------------------------------------------------------
        NOTE TOTALS     $  982,000,000.00    $541,447,441.30   $25,667,562.19   $2,592,350.02   $28,259,912.21   $515,779,879.11
- --------------------------------------------------------------------------------------------------------------------------------

- --------------------------------------------------------------------------------------------------------------------------------
            B-1         $   30,620,164.79    $ 30,620,164.79   $         0.00   $  153,100.82   $   153,100.82   $ 30,620,164.79
- --------------------------------------------------------------------------------------------------------------------------------
    CERTIFICATE TOTALS  $   30,620,164.79    $ 30,620,164.79   $         0.00   $  153,100.82   $   153,100.82   $ 30,620,164.79
- --------------------------------------------------------------------------------------------------------------------------------
          TOTALS        $1,012,620,164.79    $572,067,606.09   $25,667,562.19   $2,745,450.84   $28,413,013.03   $546,400,043.90
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                          FACTOR INFORMATION PER $1,000

<TABLE>
<CAPTION>

                                  PRINCIPAL              INTEREST            END PRINCIPAL
           CLASS                 DISTRIBUTION          DISTRIBUTION             BALANCE
- -----------------------------------------------------------------------------------------------
<S>           <C>                       <C>                   <C>                   <C>
            A-1                         0.00000000            0.00000000            0.00000000
                                                                         ----------------------

                            -------------------------------------------------------------------
            A-2                         7.09530049            0.03357853            0.00000000
                                                                         ----------------------

                            -------------------------------------------------------------------
            A-3                        82.38136357            4.75000000          917.61863643
                                                                         ----------------------

                            -------------------------------------------------------------------
            A-4                         0.00000000            4.83333333        1,000.00000000
                                                                         ----------------------

- -----------------------------------------------------------------------------------------------
       Notes Totals                    26.13804704            2.63986764          525.23409278
- -----------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------
            B-1                         0.00000000            4.99999987        1,000.00000000
- -----------------------------------------------------------------------------------------------
    Certificate Totals                  0.00000000            4.99999987        1,000.00000000
- -----------------------------------------------------------------------------------------------
          TOTALS                       25.34767041            2.71123461          539.59032508
- -----------------------------------------------------------------------------------------------
</TABLE>

                     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
- --------------------------------------------------------------------------------
<PAGE>

                        CHASE MANHATTAN AUTO OWNER TRUST
                                  SERIES 1998-A
                         STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
         PERIOD 17                                                                                            PAGE    # 2
 DETERMINATION: 09-Jul-1999                                                                              Beginning 6/1/99
  DISTRIBUTION: 15-Jul-1999                                                                                Ending 6/30/99
          TIME: 7/22/99 17:25
<S>                      <C>                                                          <C>                    <C>

                                                                                                                  per $1000
Section 5.8 (iii)       Servicing Fee                                                  $    476,723.01           0.47078167


Section 5.8 (iv)        Administration Fee                                             $      1,000.00           0.00098754


Section 5.8 (vi)        Pool Balance at the end of the Collection Period               $546,400,043.90


Section 5.8 (vii)       Repurchase Amounts for Repurchased Receivable
                                           By Seller                                   $          0.00
                                           By Servicer                                 $     30,966.93
                                           TOTAL                                       $     30,966.93

Section 5.8 (viii)      Realized Net Losses for Collection Period                      $    235,018.80


Section 5.8 (ix)        Reserve Account Balance after Disbursement                     $ 16,392,001.32


Section 5.8 (x)         Specified Reserve Account Balance                              $ 16,392,001.32


Section 5.8 (xi)        Total Distribution Amount                                      $ 30,012,794.72

                                           Servicing Fee                               $    476,723.01
                                           Administrative Fee                                 1,000.00
                                           Noteholders' Distribution Amount            $ 28,259,912.21
                                           Certificateholders' Distribution Amount     $    153,100.82
                                           Deposit to Reserve Account                  $  1,122,058.68

</TABLE>

Section 5.8 (xii)       Noteholders' Distributable Amount

<TABLE>
<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-1              $0.00              $0.00              $0.00           0.00000000          0.00000000               0.00000000
 A-2      $1,447,441.30          $6,850.02      $1,454,291.32           7.09530049          0.03357853               7.12887902
 A-3     $24,220,120.89      $1,396,500.00     $25,616,620.89          82.38136357          4.75000000              87.13136357
 A-4              $0.00      $1,189,000.00      $1,189,000.00           0.00000000          4.83333333               4.83333333
- -----------------------------------------------------------------------------------------------------------------------------------
Total    $25,667,562.19      $2,592,350.02     $28,259,912.21          26.13804704          2.63986764              28.77791467
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Section 5.8 (xiii)      Certificateholders' Distributable Amount

<TABLE>
<CAPTION>

- ----------------------------------------------------------------------------------------------------------------------------------
Class      Principal        Interest           Total         Prin (per $1000/orig)   Int (per $1000/orig)   Total (per $1000/orig)
- ----------------------------------------------------------------------------------------------------------------------------------
<S>          <C>          <C>                <C>                   <C>                 <C>                      <C>
 B-1         $0.00        $153,100.82        $153,100.82           0.00000000            4.99999987             4.99999987
- ----------------------------------------------------------------------------------------------------------------------------------
Total        $0.00        $153,100.82        $153,100.82           0.00000000            4.99999987             4.99999987
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Section 5.8 (xiv)       Reserve Fund Transfer Amount               $1,122,058.68


(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------



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