<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: September 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 TRUST 1998-C
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(Issuer)
Delaware 333-36939 13-2633612
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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 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 September 15, 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 September 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: September 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
9/15/1999 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
September 15, 1999
DISTRIBUTION IN DOLLARS
<TABLE>
<CAPTION>
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>
A1 258,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 195,000,000.00 38,635,954.99 26,070,498.02 185,034.03 26,255,532.05 0.00 0.00 12,565,456.97
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 28,053,210.06 806,304.06 140,266.05 946,570.11 0.00 0.00 27,246,906.00
TOTALS 1,094,789,211.45 675,589,165.05 26,876,802.08 3,280,145.91 30,156,947.99 0.00 0.00 648,712,362.97
</TABLE>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<TABLE>
<CAPTION>
PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
<S> <C> <C> <C> <C> <C> <C> <C>
A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.588000 %
A2 198.13310251 133.69486164 0.94889246 134.64375410 64.43824087 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 852.96085930 24.51576138 4.26480429 28.78056567 828.44509791 B1 6.000000 %
TOTALS 617.09519786 24.54975058 2.99614380 27.54589438 592.54544727
</TABLE>
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] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Auto Owner Trust 1998-C
September 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<CAPTION>
<S> <C> <C>
Due Period 15
Due Period Beginning Date 08/01/99
Due Period End Date 08/31/99
Determination Date 09/10/99
Section 5.8(iii) Servicing Fee 562,990.97
Section 5.8(iii) Servicing Fee per $1000 0.514246
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 648,712,362.97
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 52,406.79
TOTAL 52,406.79
Section 5.8(viii) Realized Net Losses for Collection Period 294,665.49
Section 5.8(ix) Reserve Account Balance after Disbursement 19,461,370.89
Section 5.8(x) Specified Reserve Account Balance 19,461,370.89
Section 5.8(xi) Total Distribution Amount 31,706,771.44
Servicing Fee 562,990.97
Administration Fee 1,000.00
Noteholders Distribution Amount 29,210,377.88
Certficateholders Distribution Amount 946,570.11
Deposit to Reserve Account 985,832.48
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
