CHASE MANHATTAN BANK USA
8-K, EX-20.1, 2000-12-29
ASSET-BACKED SECURITIES
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Chase Manhattan Auto Owner Trust 1998-B
                                                                                    Statement to Certificateholders

                                                                                   December 15 2000
           DISTRIBUTION IN DOLLARS
                 ORIGINAL                   PRIOR
                   FACE                    PRINCIPAL
 CLASS             VALUE                   BALANCE               PRINCIPAL            INTEREST               TOTAL
 -----     -----------------------         ---------             ---------            --------               -----
<S>          <C>                       <C>                    <C>                   <C>                  <C>
A1             250,000,000.00                    0.00                  0.00                 0.00                  0.00
A2             200,000,000.00                    0.00                  0.00                 0.00                  0.00
A3             321,000,000.00                    0.00                  0.00                 0.00                  0.00
A4             282,800,000.00          265,760,740.33         16,448,264.53         1,284,510.24         17,732,774.77
B1              32,604,142.65           32,604,142.65                  0.00           164,379.22            164,379.22
TOTALS       1,086,404,142.65          298,364,882.98         16,448,264.53         1,448,889.46         17,897,153.99

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                                              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                0.00
A4               0.00            0.00      249,312,475.80
B1               0.00            0.00       32,604,142.65
TOTALS           0.00            0.00      281,916,618.45
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<CAPTION>


    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                       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                    0.00000000              0.00000000            0.00000000           0.00000000            0.00000000
A4                  939.74802097             58.16218009            4.54211542          62.70429551          881.58584088
B1                1,000.00000000              0.00000000            5.04166669           5.04166669        1,000.00000000
                  --------------             -----------            ----------          -----------        --------------
TOTALS              274.63525889             15.14009739            1.33365605          16.47375345          259.49516150


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                     PASS-THROUGH RATES
                                       CURRENT
                                      PASS THRU
 CLASS         CLASS                     RATE
 -----         -----                  ---------
<S>             <C>                    <C>
A1              A1                     5.578000 %
A2              A2                     5.729000 %
A3              A3                     5.750000 %
A4              A4                     5.800000 %
B1              B1                     6.050000 %
TOTALS
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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

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                                                                          Page 2


Chase Manhattan Auto Owner Trust 1998-B

                                December 15 2000

                         STATEMENT TO CERTIFICATEHOLDERS
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<S>                     <C>                                      <C>                                   <C>
                                                                 Due Period                                        32
                                                                 Due Period Beginning Date                   11/01/00
                                                                 Due Period End Date                         11/30/00
                                                                 Determination Date                          12/08/00

Section 5.8(iii)      Servicing Fee                                                                        248,637.40
Section 5.8(iii)      Servicing Fee per $1000                                                              0.22886271

Section 5.8(iv)       Administration Fee                                                                     1,000.00
Section 5.8(iv)       Administration Fee per $1000                                                         0.00092047

Section 5.8(vi)       Pool Balance at the end of the Collection Period                                 281,916,618.45

Section 5.8(vii)      Repurchase Amounts for Repurchased Receivable
                      By Seller                                                                                  0.00
                      By Servicer                                                                           45,422.72
                      TOTAL                                                                                 45,422.72

Section 5.8(viii)     Realized Net Losses for Collection Period                                            196,488.04

Section 5.8(ix)       Reserve Account Balance after Disbursement                                         8,457,498.55

Section 5.8(x)        Specified Reserve Account Balance                                                  8,457,498.55

Section 5.8(xi)       Total Distribution Amount                                                         18,453,069.34
                      Servicing Fee                                                                        248,637.40
                      Administration Fee                                                                     1,000.00
                      Noteholders Distribution Amount                                                   17,732,774.77
                      Certficateholders Distribution Amount                                                164,379.22
                      Deposit to Reserve Account                                                           306,277.95

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                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION




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