CHASE MANHATTAN BANK USA
8-K, 1999-06-30
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: June 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 1997-A
  ------------------------------------------------------------------------------
                      (Issue with respect to Certificates)

         Delaware                      333-7575              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 6/15/99, Chase Manhattan Auto Owner Trust 1997-A (the "Trust") made
the distribution to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of February 28, 1997, (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 Dates
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 June 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:  June 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 6/15/1999 delivered pursuant
                to Section 5.8 of the Sale and Servicing Agreement dated as
                of February 28, 1997.



<PAGE>

                     Chase Manhattan Auto Owner Trust 1997-A
                         Statement to Certificateholders
                                  June 15, 1999

                             DISTRIBUTION IN DOLLARS

<TABLE>
<CAPTION>
              ORIGINAL            PRIOR                                                                             CURRENT
                FACE            PRINCIPAL                                                   REALIZED  DEFERRED     PRINCIPAL
  CLASS         VALUE            BALANCE        INTEREST        PRINCIPAL       TOTAL        LOSSES   INTEREST      BALANCE
<S>       <C>                <C>             <C>            <C>             <C>             <C>       <C>        <C>
   A1       250,000,000.00             0.00          0.00            0.00            0.00     0.00      0.00               0.00
   A2       365,000,000.00             0.00          0.00            0.00            0.00     0.00      0.00               0.00
   A3       270,000,000.00   124,298,438.42    647,387.70   20,924,442.12   21,571,829.82     0.00      0.00     103,373,996.30
   A4       165,000,000.00   165,000,000.00    880,000.00            0.00      880,000.00     0.00      0.00     165,000,000.00
   A5        85,500,000.00    85,500,000.00    463,125.00            0.00      463,125.00     0.00      0.00      85,500,000.00
   B1        35,153,718.13    35,153,718.13    194,810.19            0.00      194,810.19     0.00      0.00      35,153,718.13
TOTALS    1,170,653,718.13   409,952,156.55  2,185,322.89   20,924,442.12   23,109,765.01     0.00      0.00     389,027,714.43
</TABLE>

                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

<TABLE>
<CAPTION>
                                                                                             PASS-THROUGH
                                                                                                 RATES
               PRIOR                                             CURRENT                            CURRENT
             PRINCIPAL                                          PRINCIPAL                   CLASS  PASS-THRU
 CLASS        FACTOR      INTEREST  PRINCIPAL     TOTAL          FACTOR                               RATE
<S>      <C>              <C>       <C>         <C>         <C>                             <C>    <C>
   A1         0.0000000   0.000000   0.000000    0.000000       0.0000000                     A1   5.545000 %
   A2         0.0000000   0.000000   0.000000    0.000000       0.0000000                     A2   5.950000 %
   A3       460.3645867   2.397732  77.497934   79.895666     382.8666530                     A3   6.250000 %
   A4     1,000.0000000   5.333333   0.000000    5.333333   1,000.0000000                     A4   6.400000 %
   A5     1,000.0000000   5.416667   0.000000    5.416667   1,000.0000000                     A5   6.500000 %
   B1     1,000.0000000   5.541667   0.000000    5.541667   1,000.0000000                     B1   6.650000 %
 TOTALS     350.1907953   1.866754  17.874152   19.740906     332.3166436
</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

                                     Page 1
<PAGE>

                     Chase Manhattan Auto Owner Trust 1997-A
                                  June 15, 1999

                         STATEMENT TO CERTIFICATEHOLDERS

                                                   Due Period                27

                                    Due Period Beginning Date          05/01/99

                                          Due Period End Date          05/31/99

                                           Determination Date          06/10/99

 Section 5.8(iii)  Servicing Fee                                     341,626.80

 Section 5.8(iii)  Servicing Fee per $1000                             0.291826

 Section 5.8(iv)   Administration Fee                                  1,000.00

 Section 5.8(iv)   Administration Fee per $1000                        0.000854

 Section 5.8(vi)   Pool Balance at the end of the Collection
                   Period                                        389,027,714.43

 Section 5.8(vii)  Repurchase Amounts for Repurchased
                   Receivable

                                                    By Seller              0.00

                                                  By Servicer         79,213.95

                                                        TOTAL         79,213.95

 Section 5.8(viii)  Realized Net Losses for Collection Period        337,093.98

 Section 5.8(ix)    Reserve Account Balance after Disbursement    11,670,831.43

 Section 5.8(x)     Specified Reserve Account Balance             11,670,831.43

 Section 5.8(xi)    Total Distribution Amount                     23,563,728.87

                                                Servicing Fee        341,626.80

                                           Administration Fee          1,000.00

                              Noteholders Distribution Amount     22,914,954.82

                        Certficateholders Distribution Amount        194,810.19

                                   Deposit to Reserve Account        111,337.06


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