CHASE MANHATTAN BANK USA
8-K, EX-20.1, 2000-08-25
ASSET-BACKED SECURITIES
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                                                                          Page 1
Chase Manhattan Auto Owner Trust 1998-C

                                 Statement to Certificateholders
                                 August 15 2000
<TABLE>
<CAPTION>
        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   115,735,656.12     19,733,674.86     559,389.00    20,293,063.86      0.00      0.00    96,001,981.26
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    20,386,190.52        610,319.84     101,930.95       712,250.79      0.00      0.00    19,775,870.68
TOTALS      1,094,789,211.45   420,021,846.64     20,343,994.700  2,045,332.45    22,389,327.15      0.00      0.00   399,677,851.94
</TABLE>

<TABLE>
<CAPTION>
    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                   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           .00000000    .00000000      .00000000       .00000000         .00000000           A1                      5.588000 %
A2           .00000000    .00000000      .00000000       .00000000         .00000000           A2                      5.747000 %
A3        356.10971114  60.71899957     1.72119692     62.44019649      295.39071157           A3                      5.800000 %
A4      1,000.00000000    .00000000     4.87500000      4.87500000    1,000.00000000           A4                      5.850000 %
B1        619.84430825  18.55684016     3.09922146     21.65606163      601.28746808           B1                      6.000000 %
TOTALS    383.65544915  18.58256776     1.86824315     20.45081091      365.07288139
</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

                                 August 15 2000
                         STATEMENT TO CERTIFICATEHOLDERS

<TABLE>
<S>                                                                                                                  <C>
                                                                                   Due Period                                     26
                                                                                   Due Period Beginning Date                07/01/00
                                                                                   Due Period End Date                      07/31/00
                                                                                   Determination Date                       08/10/00

Section 5.8(iii)                        Servicing Fee                                                                     350,018.21
Section 5.8(iii)                        Servicing Fee per $1000                                                           0.31971288

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                              399,677,851.94

Section 5.8(vii)                        Repurchase Amounts for Repurchased Receivable
                                        By Seller                                                                               0.00
                                        By Servicer                                                                        37,812.23
                                        TOTAL                                                                              37,812.23

Section 5.8(viii)                       Realized Net Losses for Collection Period                                         242,787.38

Section 5.8(ix)                         Reserve Account Balance after Disbursement                                     11,990,335.56

Section 5.8(x)                          Specified Reserve Account Balance                                              11,990,335.56

Section 5.8(xi)                         Total Distribution Amount                                                      23,296,257.10
                                        Servicing Fee                                                                     350,018.21
                                        Administration Fee                                                                  1,000.00
                                        Noteholders Distribution Amount                                                21,677,076.36
</TABLE>
                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>


                                                                          Page 3
Chase Manhattan Auto Owner Trust 1998-C

                                 August 15 2000
<TABLE>
<S>                                                                                                                       <C>
                                        Certficateholders Distribution Amount                                             712,250.79
                                        Deposit to Reserve Account                                                        555,911.74
</TABLE>












                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION



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