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Previous: CHASE MANHATTAN BANK USA, 8-K, 2000-05-24 |
Next: TEMPLETON CAPITAL ACCUMULATOR FUND INC, 497, 2000-05-24 |
<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: May 15, 2000
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
---------------------------------------------------------------------------
(Originator of the Trust referred to herein)
CHASE MANHATTAN AUTO OWNER TRUST 1998-A
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(Issuer)
(Exact name of the registrant as specified in its charter)
United States 333-36939 22-2382082
- ----------------------------- ------------------------- --------------------
(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:
Chase Manhattan Auto Owner Trust 1998-A 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 February 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 May 15, 2000, 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
-------- ---------------
20.1 Monthly Statement to Certificateholder with respect
to the May 15, 2000 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: May 24, 2000
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 Statement to Certificateholders dated
5/15/2000 delivered pursuant to Section
5.8 of the Sale and Servicing Agreement
dated as of February 1, 1998.
<PAGE>
Chase Manhattan Auto Owner Trust 1998-A
<TABLE>
<CAPTION>
Statement to Certificateholders
May 15 2000
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR
FACE PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL
<S> <C> <C> <C> <C> <C>
A1 238,000,000.00 0.00 0.00 0.00 0.00
A2 204,000,000.00 0.00 0.00 0.00 0.00
A3 294,000,000.00 83,036,372.04 16,855,394.28 394,422.77 17,249,817.05
A4 246,000,000.00 246,000,000.00 0.00 1,189,000.00 1,189,000.00
B1 30,620,164.79 30,620,164.79 0.00 153,100.82 153,100.82
TOTALS 1,012,620,164.79 359,656,536.83 16,855,394.28 1,736,523.59 18,591,917.87
<CAPTION>
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS LOSES INTEREST BALANCE
<S> <C> <C> <C>
A1 0.00 0.00 0.00
A2 0.00 0.00 0.00
A3 0.00 0.00 66,180,977.76
A4 0.00 0.00 246,000,000.00
B1 0.00 0.00 30,620,164.79
TOTALS 0.00 0.00 342,801,142.55
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<CAPTION>
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR
<S> <C> <C> <C> <C> <C>
A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A3 282.43663959 57.33127306 1.34157405 58.67284711 225.10536653
A4 1,000.00000000 0.00000000 4.83333333 4.83333333 1,000.00000000
B1 1,000.00000000 0.00000000 4.99999987 4.99999987 1,000.00000000
TOTALS 355.17418015 16.64532750 1.71488150 18.36020901 338.52885264
<CAPTION>
PASS-THROUGH RATES
CURRENT
CLASS PASS THRU
RATE
<S> <C>
A1 5.549000 %
A2 5.679000 %
A3 5.700000 %
A4 5.800000 %
B1 6.000000 %
</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]
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1998-A
Page 2
May 15 2000
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<CAPTION>
Due Period 27
Due Period Beginning Date 04/01/00
Due Period End Date 04/30/00
Determination Date 05/10/00
<S> <C> <C>
Section 5.8(iii) Servicing Fee 299,713.78
Section 5.8(iii) Servicing Fee per $1000 0.29597848
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00098754
Section 5.8(vi) Pool Balance at the end of the Collection Period 342,801,142.55
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 41,007.34
TOTAL 41,007.34
Section 5.8(viii) Realized Net Losses for Collection Period 145,649.33
Section 5.8(ix) Reserve Account Balance after Disbursement 10,284,034.28
Section 5.8(x) Specified Reserve Account Balance 10,284,034.28
Section 5.8(xi) Total Distribution Amount 19,259,892.63
Servicing Fee 299,713.78
Administration Fee 1,000.00
Noteholders Distribution Amount 18,438,817.05
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
<PAGE>
Page 3
Chase Manhattan Auto Owner Trust 1998-A
<TABLE>
<CAPTION>
May 15 2000
<S> <C>
Certficateholders Distribution Amount 153,100.82
Deposit to Reserve Account 367,260.98
</TABLE>
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