<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: April 17, 2000
CHASE MANHATTAN CREDIT CARD MASTER TRUST
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(Exact name of registrant as
specified in its charter)
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Sponsor of the Trust)
United States 33-40006 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
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Item 5. Other Events:
Chase Manhattan Credit Card Master Trust is the issuer of 1 outstanding
series of asset backed certificates. The asset-backed certificates are serviced
in accordance with the Pooling and Servicing Agreement, dated as of June 1,
1991, as amended. The parties to the Pooling and Servicing Agreement are: Chase
Manhattan Bank USA, N.A., as servicer, and Yasuda Bank and Trust Company
(U.S.A.), as trustee.
On April 17, 2000, Chase, as servicer, distributed monthly interest to the
holders of the Series 1996-3 certificates. Chase furnished a copy of the monthly
certificateholders' report required by the Pooling and Servicing Agreement.
Copies of those monthly certificateholders' reports are being filed as Exhibit
20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Certificateholders' Statements with
respect to the April 17, 2000 distribution.
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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: April 26, 1999
Chase Manhattan Credit Card Master Trust,
By: Chase Manhattan Bank USA, N.A.,
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
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INDEX TO EXHIBITS
Exhibit No. Description
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20.1 Monthly Certificateholders' Statement with respect
to the April 17, 2000 distribution to
Certificateholders for Series 1996-3
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-3
For the Distribution Date 04/17/00
For the Monthly Period 46
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June 1,
1991 and the Series 1996-3 Supplement dated as of June 1, 1996 (together, the
Agreement) by and between The Chase Manhattan Bank USA, N.A. (Chase) and Yasuda
Bank and Trust Company (U.S.A.), as trustee (the Trustee), Chase, as Servicer,
is required to prepare certain information each month regarding current
distributions to Series 1996-3 Certificateholders and the performance of the
Chase Manhattan Credit Card Master Trust (the Trust) and the Series 1996-3 Class
A Certificates and Series 1996-3 Class B Certificates during the previous month.
The information which is required to be prepared with respect to the
Distribution Date and with respect to the performance of the Trust during the
month (the Monthly Period) is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per Series
1996-3 Investor Certificate (a Certificate). Certain other information is
presented based on the aggregate amounts for the Trust as a whole. Capitalized
terms used in this Certificate have their respective meanings set forth in the
Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-3 04/17/00
Certificateholders on per $1,000 original certificate
principal amount
(1) Class A Certificateholders 5.866667
(2) Class B Certificateholders 6.008333
B) The amount of the distribution set forth in paragraph 1 above in
respect of principal of the 1996-3 Certificates, per $1,000 original
certificate principal amount
(1) Class A Certificateholders 0.000000
(2) Class B Certificateholders 0.000000
C) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the 1996-3 Certificates, per $1,000 original
certificate principal amount
(1) Class A Certificateholders 5.866667
(2) Class B Certificateholders 6.008333
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed
with respect to the preceding Monthly Period
and allocated to the Series 1996-3
Certificates was equal to 154,050,772.91
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 13.66%
The monthly payment rate for the 2nd
preceding Monthly 45 Period was equal to 12.65%
The monthly payment rate for the 3rd
preceding Monthly 44 Period was equal to 13.32%
(3)a. The aggregate amount of Collections of
Principal Receivables processed with respect
to the preceding Monthly Period which were
allocated in respect of the Series 1996-3
Certificates 136,804,899.38
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
pursuant to sections 4.08 a.(iii),
4.10(b),(e),(l) 4,852,036.39
(4) The aggregate amount of Collections of
Finance Charge Receivables processed with
respect to the preceding Monthly Period which
were allocated in respect of the Series
1996-3 Certificates 17,245,873.53
B) Deficit Controlled Amortization Amount 0.00
C) Principal Receivables in the Trust and Allocation
Percentages
(1) The aggregate amount of Principal Receivables
in the Trust as of the end of the preceding
Monthly Period (represented by the Seller
Interest, the Investor Interest of Series
1996-3, and the Investor Interest of all
other outstanding Series) 2,881,443,000.54
(2) The Investor Interest as of the last day of
the preceding Monthly Period
(a) Investor Interest 1,069,519,786.10
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
(b) Class A Investor Interest 957,220,000.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 69,519,786.10
(3) The Investor Interest set forth in paragraph
C(2)(a) above as a percentage of the
aggregate amount of Principal Receivables set
forth in paragraph C(1) above 37.1175%
(4) The Class A Investor Interest set forth in
paragraph C(2)(b) above as a percentage of
the aggregate amount of Principal Receivables
set forth in paragraph C(1) above 33.2202%
(5) The Class B Investor Interest set forth in
paragraph C(2)(c) above as a percentage of
the aggregate amount of Principal Receivables
set forth in paragraph C(1) above 1.4847%
(6) The Collateral Interest set forth in
paragraph C(2)(d) above as a percentage of
the aggregate amount of Principal Receivables
set forth in paragraph C(1) above 2.4127%
(7) The Class A Floating Percentage 89.5000%
(8) The Class B Floating Percentage 3.9999%
(9) The Class B Principal Percentage 3.9999%
(10) The Collateral Floating Percentage 6.5001%
(11) The Collateral Principal Percentage 6.5001%
(12) The Floating Allocation Percentage 36.7440%
(13) The Principal Allocation Percentage 36.7440%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 19.35%
The annualized portfolio yield for the 2nd
preceding Monthly 45 Period was equal to 18.53%
The annualized portfolio yield for the 3rd
preceding Monthly 44 Period was equal to 17.97%
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
The three month average Portfolio Yield was
equal to 18.62%
(2) Base Rate for the preceding Monthly Period
was equal to 9.16%
The Base Rate for the 2nd preceding Monthly 45
Period was equal to 9.15%
The Base Rate for the 3rd preceding Monthly 44
Period was equal to 9.14%
E) Delinquent Balances
The aggregate amount of outstanding balances in
the Accounts which were delinquent as of the end
of the last day of the preceding Monthly Period:
Up to 29 Days
Aggregate Account Balance 117,649,156.93
As a Percentage of Receiveables 3.91%
(2) 30 - 59 Days
Aggregate Account Balance 35,665,022.56
As a Percentage of Receiveables 1.19%
(3) 60 - 89 Days
Aggregate Account Balance 26,131,423.83
As a Percentage of Receiveables 0.87%
(4) 90 or More Days
Aggregate Account Balance 54,713,537.97
As a Percentage of Receiveables 1.82%
Total
Aggregate Account Balance 234,159,141.29
As a Percentage of Receiveables 7.78%
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
F) Investor Default Amount
(1) The aggregate amount of all defaulted
Principal Receivables written off as
uncollectible with respect to Billing Cycles
ending during the preceding Monthly Period
allocable to the Investor Interest less
Recoveries allocable to the Investor Interest
(the Series 1996-3 Aggregate Investor Default
Amount) 4,852,036.39
(2) The portion of the series 1996-3 Aggregate
Investor Default Amount allocable to the
Class A Investor Interest (the Class A
Investor Default Amount) 4,342,571.62
(3) The portion of the Series 1996-3 Aggregate
Investor Default Amount allocable to the
Class B Investor Interest (the Class B
Investor Default Amount) 194,077.87
(4) The portion of the Series 1996-3 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the Collateral
Investor Default Amount) 315,386.90
(5) The annualized investor default percentage
(Series 1996-3 Aggregate Investor Default
Amount/Investor Interest) x 12 for the
preceding Monthly Period was equal to 5.44%
The annualized investor default % for
(the 2nd preceding Monthly Period), the 45
Monthly Period, was equal to 5.60%
The annualized investor default % for
(the 3rd preceding Monthly Period), 44
the Monthly Period, was equal to 5.48%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor
Charge-Offs for the preceding Monthly Period 0.00
(2) The aggregate amount of Class A Investor
Charge Off per $1,000 original Certificate
Principal Amount 0.00
(3) The aggregate amount of Class A Investor
Charge-Offs reimbursed on the
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
Transfer Date immediately preceding the
Distribution Date 0.00
(4) The amount of the reimbursed Investor
Charge-Offs set forth in paragraph G(2)
above, per $1,000 original Class A
Certificate principal amount 0.00
(5) The aggregate amount of Class B Investor
Charge-Offs for such Monthly Period 0.00
(6) The aggregate amount of Class B Investor
Charge Off per $1,000 original Certificate
Principal Amount 0.00
(7) The aggregate amount of Class B Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding such Distribution Date 0.00
(8) The amount of the reimbursed Investor
Charge-Offs set forth in paragraph G(6)
above, per $1,000 original Class B
Certificate principal amount 0.00
(9) The aggregate amount of Investor Charge-Offs 0.00
(10) The aggregate Investor Charge Off per $1,000
Original Certificate Principal Amount 0.00
(11) The aggregate amount of reimbursed Investor
Charge-Offs 0.00
(12) The amount of the reimbursed Investor
Charge-Offs set forth in paragraph G(9)
above, per $1,000 original Investor principal
amount 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance
Charge Collections during the preceding Monthly
Period which were allocated to the Series 1996-3
Certificates 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal
Collections during the preceding Monthly Period
allocated to the Series 1996-3 Certificates 0.00
J) Reallocated Principal Collections
(1) Collections of Principal Receivables
allocable to Class B Certificates paid with
respect to Class A Certificates to make up
deficiencies in Class A Required Amount for
any Monthly Period 0.00
(2) Collections of Principal Receivables
allocable to Collateral Interest
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Credit Card Master Trust Series 1996-3
April 17 2000
paid with respect to Class B Certificates to
make up deficiencies in Class B Required Amount 0.00
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing
Fee payable by the Trust to the Servicer for
the preceding Monthly Period 1,916,222.95
(2) The amount of the Class A Monthly Servicing
Fee payable by the Trust for the preceding
Monthly Period 1,715,019.17
(3) The amount of the Class B Monthly Servicing
Fee payable by the Trust to the Servicer for
the preceding Monthly Period 76,647.50
(4) The amount of the Collateral Monthly
Servicing Fee payable by the Trust to the
Servicer for the preceding Monthly Period 124,556.28
L) Collateral Interest
(1) The Available Collateral Interest, as of the
close of Transfer Date for the preceding
Monthly Period was equal to 69,519,786.10
M) Required Collateral Interest
(1) The Required Collateral interest as of the
Transfer Date for the preceding Monthly
Period was equal to 69,519,786.10
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the
distribution to be made on the Distribution
date(which represents the ratio of the amount of
the Investor Interest as of such Record Date
(determined after taking into account any
reduction in the Investor Interest which will
occur on the Distribution Date) to the Initial
Investor Interest). The amount of a
Certificateholders pro rata share of the Investor
Interest can be determined by multiplying the
original denomination of the Certificateholders
Certificate by the Pool Factor. 1.00000000
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
