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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: December 15, 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, National Association ("Chase USA"), as servicer, and Yasuda
Bank and Trust Company (U.S.A.), as trustee.
On December 15, 2000, Chase USA, as servicer, distributed monthly
interest to the holders of the Series 1996-3 certificates. Chase USA 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 December 15, 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: December 26, 2000
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
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Exhibit No. Description
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20.1 Monthly Certificateholders' Statement with respect to the
December 15, 2000 distribution to Certificateholders for
Series 1996-3
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Page 1
Chase Manhattan Credit Card Master Trust Series 1996-3
December 15, 2000
EXHIBIT C
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 12/15/00
For the Monthly Period 54
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. 12/15/00
The information which is required to be prepared with November, 2000
respect to the Distribution Date and with respect to
the performance of the Trust during the month (the Monthly
Period) is set forth below. 54
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 CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-3
Certificateholders on 12/15/00
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
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Page 2
Chase Manhattan Credit Card Master Trust Series 1996-3
December 15, 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 142,889,751.60
equal to
(2) The Payment Rate with respect to the preceding
Monthly Period was equal to 13.09 %
The monthly payment rate for the 2nd preceding
Monthly 53
Period was equal to 13.67 %
The monthly payment rate for the 3rd preceding
Monthly 52
Period was equal to 12.24 %
(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 131,435,853.74
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
prusuant to sections 4.08 a.(iii), 4.10 (b),(e),
(l) 3,072,699.03
(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 11,453,897.86
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) 2,768,234,103.91
(2) The Investor Interest as of the last day of the
preceding Monthly Period
(a) Investor Interest 1,047,337,147.95
(b) Class A Investor Interest 957,220,000.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 47,337,147.95
(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 37.8341 %
(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 34.5787 %
(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 1.5454 %
(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 1.4429 %
(7) The Class A Floating Percentage 87.6258 %
(8) The Class B Floating Percentage 5.8742 %
(9) The Class B Principal Percentage 3.9999 %
(10) The Collateral Floating Percentage 6.5000 %
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Page 3
Chase Manhattan Credit Card Master Trust Series 1996-3
December 15, 2000
(11) The Collateral Principal Percentage 6.5001 %
(12) The Floating Allocation Percentage 26.4156 %
(13) The Principal Allocation Percentage 38.7936 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding
Monthly Period was equal to 15.30 %
The annualized portfolio yield for the 2nd
preceding Monthly 53
Period was equal to 17.37 %
The annualized portfolio yield for the 3rd
preceding Monthly 52
Period was equal to 16.46 %
The three month average Portfolio Yield was
equal to 16.38 %
(2) Base Rate for the preceding Monthly Period was
equal to 8.54 %
The Base Rate for the 2nd preceding Monthly 53
Period was equal to 8.76 %
The Base Rate for the 3rd preceding Monthly 52
Period was equal to 8.98 %
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 137,639,062.01
As a Percentage of Receiveables 4.74 %
(2) 30 - 59 Days
Aggregate Account Balance 44,675,593.68
As a Percentage of Receiveables 1.54 %
(3) 60 - 89 Days
Aggregate Account Balance 33,086,720.15
As a Percentage of Receiveables 1.14 %
(4) 90 or More Days
Aggregate Account Balance 61,089,525.02
As a Percentage of Receiveables 2.10 %
Total
Aggregate Account Balance 276,490,900.86
As a Percentage of Receiveables 9.52 %
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) 3,072,699.03
(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) 2,692,475.72
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Page 4
Chase Manhattan Credit Card Master Trust Series 1996-3
December 15, 2000
(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) 180,497.87
(4) The portion of the Series 1996-3 Aggregate
Investor Default Amount allocable to
the Collateral Investor Interest (the
Collateral Investor Default Amount) 199,725.44
(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 3.52 %
The annualized investor default % for (the
2nd preceding Monthly Period), the 53
Monthly Period, was equal to 4.21 %
The annualized investor default % for (the 3rd
preceding Monthly Period), the 52
Monthly Period, was equal to 4.04 %
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 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 0.00
Principal Amount
(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
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Page 5
Chase Manhattan Credit Card Master Trust Series 1996-3
December 15, 2000
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 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 1,304,806.00
(2) The amount of the Class A Monthly Servicing Fee
payable by the Trust for the preceding Monthly
Period 1,143,346.11
(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 84,812.39
L) Collateral Interest
(1) The Available Collateral Interest, as of the
close of Transfer Date for the preceding Monthly
Period was equal to 39,943,291.74
M) Required Collateral Interest
(1) The Required Collateral interest as of the
Transfer Date for the preceding Monthly Period
was equal to 39,943,291.74
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. 0.97234601
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By:_________________________
Name: Patricia Garvey
Title: Vice President
[LOGO] CHASE (C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
