<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: January 18, 2000
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
----------------------------------------------
(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN AUTO OWNER TRUST 1996-C
---------------------------------------
(Issuer)
United States 333-7575 22-2382028
- ---------------------------- ------------------------ ------------------------
(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 1996-C 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 December 1, 1996, 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 Auto Owner Trust 1996-C, as issuer.
On January 18, 2000, Chase USA, as servicer, distributed monthly interest
to the holders of the cotes and certificates. Chase USA furnished a copy of the
monthly statement to certificateholders for 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 January 18, 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: January 28, 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 1/18/2000
delivered pursuant to Section 5.8 of the Sale
and Servicing Agreement dated as of December 1,
1996.
<PAGE>
Page 1
Chase Manhattan Auto Owner Trust 1996-C
Statement to Certificateholders
January 18 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 225,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 239,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 324,000,000.00 813,172.72 813,172.72 4,031.98 817,204.70 0.00 0.00 0.00
A4 178,000,000.00 178,000,000.00 12,030,661.11 912,250.00 12,942,911.11 0.00 0.00 165,969,338.89
B1 30,938,845.63 12,953,508.55 410,896.64 67,466.19 478,362.83 0.00 0.00 12,542,611.91
TOTALS 996,938,845.63 191,766,681.27 13,254,730.470 983,748.17 14,238,478.64 0.00 0.00 178,511,950.80
</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 5.489000 %
A2 .00000000 .00000000 .00000000 .00000000 .00000000 A2 5.750000 %
A3 2.50979235 2.50979235 .01244438 2.52223673 .00000000 A3 5.950000 %
A4 1,000.00000000 67.58798376 5.12500000 72.71298376 932.41201624 A4 6.150000 %
B1 418.68105568 13.28092990 2.18063049 15.46156039 405.40012578 B1 6.250000 %
TOTALS 192.35551118 13.29542983 .98676882 14.28219865 179.06008135
</TABLE>
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Mark McDermott
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7016
Email: [email protected]
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 2
Chase Manhattan Auto Owner Trust 1996-C
January 18 2000
STATEMENT TO CERTIFICATEHOLDERS
Due Period 37
Due Period Beginning Date 12/01/99
Due Period End Date 12/31/99
Determination Date 01/10/00
<TABLE>
<S> <C> <C>
Section 5.8(iii) Servicing Fee 159,805.57
Section 5.8(iii) Servicing Fee per $1000 0.16029626
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00100307
Section 5.8(vi) Pool Balance at the end of the Collection Period 178,511,950.80
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 243,921.38
TOTAL 243,921.38
Section 5.8(viii) Realized Net Losses for Collection Period 113,275.53
Section 5.8(ix) Reserve Account Balance after Disbursement 7,477,041.34
Section 5.8(x) Specified Reserve Account Balance 7,477,041.34
Section 5.8(xi) Total Distribution Amount 14,637,241.90
Servicing Fee 159,805.57
Administration Fee 1,000.00
Noteholders Distribution Amount 13,760,115.81
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 3
Chase Manhattan Auto Owner Trust 1996-C
January 18 2000
<TABLE>
<S> <C> <C>
Certficateholders Distribution Amount 478,362.83
Deposit to Reserve Account 237,957.69
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
