<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: February 15, 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 TRUST 1998-C
----------------------------------------------------------
(Issuer)
United States 333-36939 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 1998-C is the issuer of four 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 June 1, 1998, 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 Owner Trust, as issuer.
On February 15, 2000, Chase USA, as servicer, distributed monthly interest
to the holders of the notes and certificates. Chase USA furnished a copy of the
monthly Statement to Certificateholders for each of 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 February 15, 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: February 23, 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 2/15/2000
delivered pursuant to Section 5.8 of the Sale
and Servicing Agreement dated as of June 1,
1998.
<PAGE>
Page 1
Chase Manhattan Auto Owner Trust 1998-C
Statement to Certificateholders
February 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 325,000,000.00 246,177,292.85 21,579,251.28 1,189,856.92 22,769,108.20 0.00 0.00 224,598,041.57
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 24,420,467.93 667,399.52 122,102.34 789,501.86 0.00 0.00 23,753,068.41
TOTALS 1,094,789,211.45 554,497,760.78 22,246,650.800 2,695,971.76 24,942,622.56 0.00 0.00 532,251,109.98
</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 757.46859338 66.39769625 3.66109822 70.05879446 691.07089714 A3 5.800000 %
A4 1,000.00000000 .00000000 4.87500000 4.87500000 1,000.00000000 A4 5.850000 %
B1 742.50694539 20.29235395 3.71253474 24.00488869 722.21459144 B1 6.000000 %
TOTALS 506.48814857 20.32048779 2.46254871 22.78303650 486.16766078
</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 1998-C
February 15 2000
STATEMENT TO CERTIFICATEHOLDERS
Due Period 20
Due Period Beginning Date 01/01/00
Due Period End Date 01/31/00
Determination Date 02/10/00
Section 5.8(iii) Servicing Fee 462,081.47
Section 5.8(iii) Servicing Fee per $1000 0.42207346
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 532,251,109.98
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 46,476.31
TOTAL 46,476.31
Section 5.8(viii) Realized Net Losses for Collection Period 180,612.43
Section 5.8(ix) Reserve Account Balance after Disbursement 15,967,533.30
Section 5.8(x) Specified Reserve Account Balance 15,967,533.30
Section 5.8(xi) Total Distribution Amount 26,544,156.31
Servicing Fee 462,081.47
Administration Fee 1,000.00
Noteholders Distribution Amount 24,153,120.70
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 3
Chase Manhattan Auto Owner Trust 1998-C
February 15 2000
Certficateholders Distribution Amount 789,501.86
Deposit to Reserve Account 1,138,452.28
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
