|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: CHASE MANHATTAN BANK USA, 8-K, 2000-10-25 |
Next: HEALTH RISK MANAGEMENT INC /MN/, SC 13D/A, 2000-10-25 |
<PAGE>
Page 1
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
Statement to Certificateholders
October 16 2000
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 325,000,000.00 76,289,021.83 17,631,010.88 368,730.27 17,999,741.15 0.00 0.00 58,658,010.95
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 19,166,191.52 545,289.00 95,830.96 641,119.96 0.00 0.00 18,620,902.52
TOTALS 1,094,789,211.45 379,355,213.35 18,176,299.88 1,848,573.73 20,024,873.61 0.00 0.00 361,178,913.47
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.588000%
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.747000%
A3 234.73545178 54.24926425 1.13455468 55.38381892 180.48618754 A3 5.800000%
A4 1,000.00000000 0.00000000 4.87500000 4.87500000 1,000.00000000 A4 5.850000%
B1 582.75010786 16.57957050 2.91375061 19.49332111 566.17053736 B1 6.000000%
TOTALS 346.50982069 16.60255663 1.68852023 18.29107686 329.90726406
</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>
Page 2
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
STATEMENT TO CERTIFICATEHOLDERS
<S> <C> <C>
Due Period 28
Due Period Beginning Date 09/01/00
Due Period End Date 09/30/00
Determination Date 10/10/00
Section 5.8(iii) Servicing Fee 316,129.34
Section 5.8(iii) Servicing Fee per $1000 0.28875818
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00091342
Section 5.8(vi) Pool Balance at the end of the Collection Period 361,178,913.47
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 49,218.65
TOTAL 49,218.65
Section 5.8(viii) Realized Net Losses for Collection Period 104,111.49
Section 5.8(ix) Reserve Account Balance after Disbursement 10,835,367.40
Section 5.8(x) Specified Reserve Account Balance 10,835,367.40
Section 5.8(xi) Total Distribution Amount 20,847,213.68
Servicing Fee 316,129.34
Administration Fee 1,000.00
Noteholders Distribution Amount 19,383,753.65
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 3
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
<S> <C>
Certficateholders Distribution Amount 641,119.96
Deposit to Reserve Account 505,210.73
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 4
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
MONTHLY SERVICER REPORT
I. Avaliable Amount in the Collection Accont
<S> <C>
A. Credits
1. Payments from Obligors Applied to Collection Period
a. Principal Payments 17,986,172.91
b. Other Interest Payments 2,774,745.46
c. Total 20,760,918.37
2. Proceeds from Repurchased Receivables
a. Principal Before Cutoff Date 0.00
b. Interest Before Cutoff Date 0.00
c. Principal Payments 49,218.65
d. Recovery of Advance 0.00
e. Other Interest Payments 0.00
f. Total 49,218.65
3. Reversal from Defaulted Contracts 0.00
4. Recovery of Defaulted Receivables 37,076.66
5. Advance Recoveries Before Cutoff Date
a. Principal 0.00
b. Interest 0.00
c. Total 0.00
6. Net Adjustments 0.00
7. Reserve Fund Transfer Amount 0.00
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 5
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
<S> <C> <C>
8. Overpayment From Obligors 5,227.93
9. Total Credits 20,852,441.61
B. Debits
1. Overpayments From Obligors 5,227.93
2. Advance Recovery Amount Before Cutoff Data to Seller
a. Principal 0.00
b. Interest. 0.00
c. Total 0.00
3. Reversal of Defaulted Contracts 0.00
4. Total Debits 5,227.93
C. Total Available Amount (Lines A-B) 20,847,213.68
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 6
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
MONTHLY SERVICER REPORT
<S> <C>
II. Liquidation Proceeds on Defaulted Receivables for the Collection Period
A. Principal 140,908.32
B. Interest 11,019.49
C. Total 151,927.81
III. Disbursements from Collection Account
A. Avalaible Distribution Amount
1. Available Distribution Amount 20,847,213.68
2. Reserve Account Transfer Amount 0.00
3. Total Distribution Amount 20,847,213.68
B. Monthly Servicing Fee 316,129.34
C. Monthly Administration Fee 1,000.00
D. Noteholders Interest Distributable Amount 1,752,742.77
E. Certificateholders Interest Distributable Amount 95,830.96
F. Noteholders Principal Distributable Amount 17,631,010.88
G. Certificateholders Principal Distributable Amount 545,289.00
H. Deposit to Reserve Account 505,210.73
IV. Monthly Disbursements
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 7
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
<S> <C>
A. Pool Servicing Fee
a. Monthly Servicing Fee 316,129.34
b. Unpaid Monthly Servicing Fee 0.00
c. Total 316,129.34
B. Administrative Fee
a. Monthly Administration Fee 1,000.00
b. Unpaid Monthly Administration Fee 0.00
c. Total 1,000.00
C. Noteholders' Interest Distributable Amount
Class A-1 Monthly Interest 0.00
Class A-1 Carryover Shortfall 0.00
Class A-1 Total 0.00
Class A-2 Monthly Interest 0.00
Class A-2 Carryover Shortfall 0.00
Class A-2 Total 0.00
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 8
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
MONTHLY SERVICER REPORT
<S> <C> <C>
Class A-3 Monthly Interest 368,730.27
Class A-3 Carryover Shortfall 0.00
Class A-3 Total 368,730.27
Class A-4 Monthly Interest 1,384,012.50
Class A-4 Carryover Shortfall 0.00
Class A-4 Total 1,384,012.50
Total for Notes Monthly Interest 1,752,742.77
Total for Notes Carryover Shortfall 0.00
Total for Notes Total 1,752,742.77
D. Certificateholders' Interest Distributable Amount
Class B-1 Monthly Interest 95,830.96
Class B-1 Carryover Shortfall 0.00
Class B-1 Total 95,830.96
Total for Certificates Monthly Interest 95,830.96
Total for Certificates Carryover Shortfall 0.00
Total for Certificates Total 95,830.96
E. Noteholders' Principal Distributable Amount
Class A-1 Monthly Principal 0.00
Class A-1 Carryover Shortfall 0.00
Class A-1 Total 0.00
Class A-2 Monthly Principal 0.00
Class A-2 Carryover Shortfall 0.00
Class A-2 Total 0.00
Class A-3 Monthly Principal 17,631,010.88
Class A-3 Carryover Shortfall 0.00
Class A-3 Total 17,631,010.88
Class A-4 Monthly Principal 0.00
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 9
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
<S> <C> <C>
Class A-4 Carryover Shortfall 0.00
Class A-4 Total 0.00
Total for Notes Monthly Principal 17,631,010.88
Total for Notes Carryover Shortfall 0.00
Total for Notes Total 17,631,010.88
F. Certificateholders' Principal Distributable Amout
Class B-1 Monthly Principal 545,289.00
Class B-1 Carryover Shortfall 0.00
Class B-1 Total 545,289.00
Total for Certificates Monthly Principal 545,289.00
Total for Certificates Carryover Shortfall 0.00
Total for Certificates Total 545,289.00
G. Total Disbursements 20,342,002.95
V. Payment Deficiency Amount
A. Scheduled Monthly Disbursements 20,342,002.95
B. Available Distribution Amount 20,847,213.68
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 10
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
MONTHLY SERVICER REPORT
<S> <C>
C. Payment Deficiency Amount 0.00
VI. Reserve Account Transfer Amount
A. Available Reserve Amount 11,380,656.40
B. Payment Deficiency Amount 0.00
C. Withdrawal for Write-Off 0.00
D. Reserve Account Withdrawal (MIN: Lines A and (B+C)) 0.00
VII. Pool Balance Reduction Allocation for Collection Period
A. Beginning Pool Balance 379,355,213.35
B. Pool Balance Reduction
1. Avalaible Principal
a. Principal Payments 17,986,172.91
b. From Repurchased Receivables 49,218.65
c. Total 18,035,391.56
2. From Defaulted Receivables 140,908.32
3. Total Pool Balance Reduction 18,176,299.88
C. Ending Pool Balance 361,178,913.47
D. Allocations
1. Percentage Allocation
a. Notes 97.00000000%
b. Certificates 3.00000000%
2. Monthly Principal Allocation
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 11
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
<S> <C>
a. Notes 17,631,010.88
b. Certificates 545,289.00
VIII. Delinquency and Defaults
Group 1
Principal Delinquency Principal
Period Number Amount Balance
30-59 days 1,108 811,176.53 10,009,758.91
60-89 days 176 179,790.20 1,541,876.22
90-119 days 67 106,378.37 626,294.50
120-149 days 46 81,440.14 376,524.10
150-179 days 25 50,825.62 158,095.71
180-209 days 4 9,712.43 33,538.92
210-239 days 13 27,493.06 61,943.25
240+ days Delinquent 0 0.00 0.00
Total 1,439 1,266,816.35 12,808,031.61
B. Principal amount of loans in defaulted receivables 140,908.32
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 12
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
MONTHLY SERVICER REPORT
<S> <C> <C> <C>
C. Delinquency Percentage
1. Outstanding principal balance for deliquency >= 60 days 2,798,272.70
2. Pool Principal Ending Balance 361,178,913.47
3. Delinquency Percentage 0.77476082%
IX. Pool Delinquency Percentages
A. Delinquency Percentage for 2nd previous period 0.65900760%
B. Delinquency Percentage for previous period 0.72711633%
C. Delinquency Percentage for current period 0.77476082%
D. Average Deliquency Percentage 0.72029492%
X. Portfolio Loss Ratios
A. Net Loss Ratio for 2nd previous period 0.71085754%
B. Net Loss Ratio for previous period 0.34425608%
1. Principal Balance of Defaulted Receivables 140,908.32
2. Principal Recoveries on Defaulted Receivables 36,796.83
3. Average Pool Balance for Collection Period 370,267,063.41
4. Net Loss Ratio for Current Period(12*(1-2)/3) 0.33741534%
D. Average Net Loss Ratio ((A+B+C) / 3) 0.46417632%
XI. Specified Reserve Account Balance
A. Calculation for Reserve Account Floor Amount
1. Guaranteed Floor Amount 8,210,919.09
2. Possible Floor Amount
a. Principal Balance at the Beginning of Next Collection Period 361,178,913.47
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 13
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
b. Cumulative Monthly Interest through Final Distribution Data
<S> <C>
Class A-1 Balance
Class A-1 Interest Rate
Class A-1 Service Rate
Class A-1 Term
Class A-1 Interest
Class A-1 Service Fee
Class A-1 Total
Class A-2 Balance
Class A-2 Interest Rate
Class A-2 Service Rate
Class A-2 Term
Class A-2 Interest
Class A-2 Service Fee
Class A-2 Total
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 14
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
MONTHLY SERVICER REPORT
<S> <C>
Class A-3 Balance
Class A-3 Interest Rate
Class A-3 Service Rate
Class A-3 Term
Class A-3 Interest
Class A-3 Service Fee
Class A-3 Total
Class A-4 Balance
Class A-4 Interest Rate
Class A-4 Service Rate
Class A-4 Term
Class A-4 Interest
Class A-4 Service Fee
Class A-4 Total
Class B-1 Balance
Class B-1 Interest Rate
Class B-1 Service Rate
Class B-1 Term
Class B-1 Interest
Class B-1 Service Fee
Class B-1 Total
c. Possible Floor Amount equals Pool Balance + Interest + Service Fee
(Lines a+b) 421,834,411.80
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 15
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
<S> <C> <C> <C> <C>
3. Reserve Account Floor (Minimum Lines 1 and 2) 8,210,919.09
B. Possible Reserve Account Amount
1. Reserve Account Trigger Percentages
a. Average Delinquency Percentage 0.72029492%
b. Average Delinquency Percentage Trigger 1.75000000%
c. Average Loss Ratio 0.46417632%
d. Average Loss Ratio Trigger 1.75000000%
e. Maximum Reserve Account Percentage Specified 6.00000000%
f. Minimum Reserve Account Percentage specified 3.00000000%
g. Reserve Account Percentage Applied 3.00000000%
2. Pool Principal Balance 361,178,913.47
3. Possible Reserve Account Amount 10,835,367.40
C. Specified Reserve Account Balance (Max: Lines A and B) 10,835,367.40
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 16
Chase Manhattan Auto Owner Trust 1998-C
<TABLE>
<CAPTION>
October 16 2000
MONTHLY SERVICER REPORT
<S> <C> <C>
XII. Reserve Account
A. Reserve Account Balance After Disbursement from Previous Period
1. Reserve Account Balance After Disbursement from Previous Period 11,380,656.40
2. Reserve Account Transfer Amount 0.00
3. Investment Earnings 61,839.57
4. Deposit to Reserve Account After Disbursement 505,210.73
5. Amount After Deposit 11,947,706.70
B. Specified Reserve Account Balance 10,835,367.40
C. Available Reserve Account Amount (Min: Lines A and B) 10,835,367.40
1. Excess in Reserve Acct: Max(LinesA.5 - B and 0) 1,112,339.30
D. Excess Amount to Seller 1,112,339.30
F. Ending Reserve Account Balance 10,835,367.40
XIII. Weighted Average Coupon as of Current Period
XIV. Weighted Average Maturity as of Current Period
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
|
|