<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 BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
CHASE MANHATTAN AUTO TRUST 1998-C
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(Issuer)
(Exact name of the registrant as specified in its charter)
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
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(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 April 17, 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
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20.1 Monthly Statement to Certificateholders 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, 2000
By: THE CHASE MANHATTAN BANK, USA,
NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
20.1 Statement to Certificateholders dated 4/17/2000
delivered pursuant to Section 5.8 of the Sale and
Servicing Agreement dated as of June 1, 1998.
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Page 1
Chase Manhattan Auto Owner Trust 1998-C
Statement to Certificateholders
April 17 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 325,000,000.00 202,668,211.24 23,780,516.22 979,563.02 24,760,079.24 0.00 0.00 178,887,695.02
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 23,074,826.24 735,479.88 115,374.13 850,854.01 0.00 0.00 22,339,346.36
TOTALS 1,094,789,211.45 509,643,037.48 24,515,996.100 2,478,949.65 26,994,945.75 0.00 0.00 485,127,041.38
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS 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 623.59449612 73.17081914 3.01404006 76.18485920 550.42367698 A3 5.800000 %
A4 1,000.00000000 .00000000 4.87500000 4.87500000 1,000.00000000 A4 5.850000 %
B1 701.59256555 22.36234460 3.50796279 25.87030739 679.23022095 B1 6.000000 %
TOTALS 465.51704397 22.39334828 2.26431684 24.65766512 443.12369569
</TABLE>
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-C
April 17 2000
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<CAPTION>
<S> <C>
Due Period 22
Due Period Beginning Date 03/01/00
Due Period End Date 03/31/00
Determination Date 04/10/00
<CAPTION>
<S> <C>
Section 5.8(iii) Servicing Fee 424,702.53
Section 5.8(iii) Servicing Fee per $1000 0.38793087
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 485,127,041.38
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 25,912.71
TOTAL 25,912.71
Section 5.8(viii) Realized Net Losses for Collection Period 156,587.29
Section 5.8(ix) Reserve Account Balance after Disbursement 14,553,811.24
Section 5.8(x) Specified Reserve Account Balance 14,553,811.24
Section 5.8(xi) Total Distribution Amount 28,167,217.24
Servicing Fee 424,702.53
Administration Fee 1,000.00
Noteholders Distribution Amount 26,144,091.74
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Page 3
Chase Manhattan Auto Owner Trust 1998-C
April 17 2000
Certficateholders Distribution Amount 850,854.01
Deposit to Reserve Account 746,568.96
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
