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 (Date of earliest event reported): OCTOBER 3, 1997
STRUCTURED PRODUCTS CORP.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 33-55860 13-3692801
- ---------------------- ------------------- -----------------
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
Seven World Trade Center
Room 33-130, 33rd Floor
NEW YORK, NY 10048
-------------------------------------- --------------
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: (212) 783-6645
N/A
-------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. CHANGES IN CONTROL OF REGISTRANT.
Not Applicable.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not Applicable.
Item 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
Not Applicable.
Item 5. OTHER EVENTS.
Not Applicable.
Item 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not Applicable.
Item 7. FINANCIAL STATEMENTS, PRO FORMA Financial Information and
Exhibits.
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not Applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not Applicable.
(c) EXHIBITS.
1. Chase Credit Card Master Trust Current Report on Form 8-K,
dated September 19, 1997, with the Monthly Report with
respect to the August 15, 1997 distribution attached as
Exhibit 20.1
2. Chase Credit Card Master Trust Current Report on Form 8-K,
dated August 19, 1997, with the Monthly Report with respect
to the July 15, 1997 distribution attached as Exhibit 20.1
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
STRUCTURED PRODUCTS CORP.
Date: October 3, 1997 By: /S/ TIMOTHY P. BEAULAC
-----------------------------------
Timothy P. Beaulac
Assistant Vice President and
Finance Officer
3
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
1. Chase Credit Card Master Trust Current Report on Form 8-K,
dated September 19, 1997, with the Monthly Report with
respect to the August 15, 1997 distribution attached as
Exhibit 20.1
2. Chase Credit Card Master Trust Current Report on Form 8-K,
dated August 19, 1997, with the Monthly Report with respect
to the July 15, 1997 distribution attached as Exhibit 20.1
4
<PAGE>
EXHIBIT 1
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: September 19, 1997
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I"),
Series 1996-4 and Series 1997-1
-------------------------------------------------------
(Issuer of Securities)
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
(formerly known as "The Chase Manhattan Bank (USA)")
(Sponsor of the Trust)
(EXACT name of registrant as specified in its charter)
<TABLE>
<CAPTION>
UNITED STATES 33-40006 22-2382028
<S> <C> <C>
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification
incorporation) No.)
</TABLE>
802 DELAWARE AVENUE, WILMINGTON, DELAWARE 19801
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
<PAGE>
Item 5. OTHER EVENTS.
On or about August 15, 1997 Monthly Interest as defined in the Pooling
and Servicing Agreement dated as of October 19, 1995 (the "Agreement")
between The Chase Manhattan Bank (formerly known as 'Chemical Bank') and
The Bank of New York, as Trustee (the "Trustee"), was distributed to
holders ("Certificateholders") of participations in the Chase Credit Card
Master Trust (formerly known as "Chemical Master Credit Card Trust I") for
Series 1996-4 and Series 1997-1 in accordance with the Agreement. Copies of
the applicable Monthly Reports, as defined in the Agreement, have been
furnished to Certificateholders in accordance with the Agreement. Copies of
those Monthly Reports are being filed as Exhibit 20.1 to this Current
Report on Form 8-K.
Item 7(c). EXHIBITS
EXHIBIT NO. DESCRIPTION
20.1 Monthly Reports with respect to the August
15, 1997 distribution
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
THE CHASE MANHATTAN BANK,
AS SERVICER
By: /S/FRANK A. DEGENOVA
-----------------------------------
Name: Frank A. DeGenova
Title: Vice President
Dated: September 19, 1997
<PAGE>
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
20.1 Monthly Reports with respect to the August
15, 1997 distribution
<PAGE>
- ------------------------------------------------------------------------------
Exhibit 20.1
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Class Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card Master Trust
Series 1996-4
Section 5.2 - Supplement Class A Class B Collateral Total
- --------------------------------------------------------------------------------------------------------------------------------
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 7,003,904.06 605,757.06 814,359.41 8,424,020.53
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 148,046,469.20 12,337,135.27 15,862,192.20 176,245,796.67
(iv) Collections of Finance Charge Receivables 21,721,751.44 1,810,135.61 2,327,340.85 25,859,227.90
(v) Aggregate Amount of Principal Receivables 13,367,539,410.07
Investor Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
Adjusted Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
Series
Floating Investor Percentage 12.47% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 12.47% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 95.12%
30 to 59 days 1.68%
60 to 89 days 2.07%
90 or more days 100.00%
Total Receivables
(vii) Investor Default Amount 9,044,380.13 753,694.04 969,045.03 10,767,119.20
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 1,166,666.67 97,221.67 125,000.56 1,388,888.89
(xi) Portfolio Yield (Net of Defaulted Receivables 10.87%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
(xiv) LIBOR 5.6797%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfalls _____________
(xix) Available Funds 20,555,084.77 1,712,913.94 2,202,340.30 24,470,339.01
(xx) Certificate Rate 5.8097% 6.0297% 6.3047%
</TABLE>
<PAGE>
- -------------------------------------------------------------------------------
Exhibit 20.1
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <S> <C> <C> <C>
Class Bank - Retail Card Service Group Chase Credit Card Master Trust
Certificateholders' Statement Series 1997-1
Section 5.2 - Supplement Class A Class B Collateral Total
- --------------------------------------------------------------------------------------------------------------------------------
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 5,713,595.79 492,635.90 671,589.46 6,877,821.15
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 121,609,599.70 10,134,098.06 13,029,635.21 144,773,332.97
(iv) Collections of Finance Charge Receivables 17,842,867.25 1,486,899.43 1,911,740.95 21,241,508.63
(v) Aggregate Amount of Principal Receivables 13,367,539,410.67
Investor Interest 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00
Adjusted Interest 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00
Series
Floating Investor 10.24% 84.00% 9.00% 100.00%
Percentage
Fixed Investor 10.24% 84.00% 9.00% 100.00%
Percentage
(vi) Receivables Delinquent (As % of Total Receivables)
Current 95.12%
30 to 59 days 1.68%
60 to 89 days 1.12%
90 or more days 2.07%
------
Total Receivables 100.00%
(vii) Investor Default Amount 7,429,312.25 619,107.20 795,888.89 8,844,419.34
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 958,333.33 79,860.83 102,678.85 1,140,873.02
(xi) Portfolio Yield (Net of Defaulted Receivables 10.87%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00
(xiv) LIBOR 5.6797%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfalls _____________
(xix) Available Funds 16,884,533.92 1,407,039.60 1,809,062.10 20,100,635.62
(xx) Certificate Rate 5.7697% 5.9697% 6.3297%
</TABLE>
<PAGE>
EXHIBIT 2
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: August 19, 1997
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I"),
Series 1996-4 and Series 1997-1
--------------------------------------------------
(Issuer of Securities)
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
(formerly known as "The Chase Manhattan Bank (USA)")
(Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
Delaware 33-40006 22-2382028
--------------- -------------- ---------------
<S> <C> <C>
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.
incorporation
</TABLE>
802 Delaware Avenue, Wilmington, Delaware 19801
------------------------------------------ -------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
Item 5. Other Events
------------
On or about July 15, 1997 Monthly Interest as defined in the Pooling and
Servicing Agreement dated as of October 19, 1995 (the "Agreement") between The
Chase Manhattan Bank (formerly known as 'Chemical Bank') and The Bank of New
York, as Trustee (the "Trustee"), was distributed to holders
("Certificateholders") of participations in the Chase Credit Card Master Trust
1 of 4
<PAGE>
(formerly known as "Chemical Master Credit Card Trust I") for Series 1996-4 and
Series 1997-1 in accordance with the Agreement. Copies of the applicable
Monthly Reports, as defined in the Agreement, have been furnished to
Certificateholders in accordance with the Agreement. Copies of those Monthly
Reports are being filed as Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c).Exhibits
--------
Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
July 15, 1997 distribution
SIGNATURES
----------
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE CHASE MANHATTAN BANK,
AS SERVICER
By: /s/Frank A. DeGenova
--------------------
Name: Frank A. DeGenova
Title: Vice President
Dated: August 19, 1997
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
July 15, 1997 distribution
================================================================================
2 of 4
<PAGE>
<TABLE>
<CAPTION>
Exhibit 20.1
- ----------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card Master Trust
Series 1996-4
Section 5.2 - Supplement Class A Class B Collateral Tot
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00
(ii) Monthly Interest Distributed 6,560,847.22 567,409.95 762,763.81 7
Deficiency Amounts 0.00 0.00
Additional Interest 0.00 0.00
Accrued and Unpaid Interest 0.00
(iii)Collections of Principal Receivables 144,762,064.62 12,063,436.45 15,510,290.14 172
(iv) Collections of Finance Charge Receivables 21,587,459.13 1,796,944.65 2,312,952.33 25
(v) Aggregate Amount of Principal Receivables 13,354
Investor Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666
Adjusted Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666
Series
Floating Investor Percentage 12.48% 84.00% 7.00% 9.00%
Fixed Investor Percentage 12.48% 84.00% 7.00% 9.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current
30 to 59 days
60 to 89 days
90 or more days
Total Receivables
(vii)Investor Default Amount 8,974,210.57 747,846.61 961,526.83 10
(viii)Investor Charge-Offs 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 1,166,666.67 97,221.67 125,000.56 1
(xi) Portfolio Yield (Net of Defaulted Receivables)
(xii)Reallocated Monthly Principal 0.00 0.00
(xiii)Closing Investor Interest (Class A Adjusted) 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666
(xiv)LIBOR
(xv) Principal Funding Account Balance
(xvi)Accumulation Shortfall
(xvii)Principal Funding Investment Proceeds
(xviii)Principal Investment Funding Shortfall
=
(xix)Available Funds 20,420,792.46 1,701,722.98 2,187,951.77 24
(xx) Certificate Rate 5.8175% 6.0375% 6.3125%
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
3 of 4
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card Master Trust
Series 1997-1
Section 5.2 - Supplement Class A Class B Collateral Tot
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00
(ii) Monthly Interest Distributed 5,352,211.81 461,465.86 629,036.30 6
Deficiency Amounts 0.00 0.00
Additional Interest 0.00 0.00
Accrued and Unpaid Interest 0.00
(iii)Collections of Principal Receivables 118,911,695.94 9,909,273.53 12,740,573.31 141
(iv) Collections of Finance Charge 17,732,555.71 1,477,707.84 1,899,921.82 21
Receivables
(v) Aggregate Amount of Principal Receivables 13,354
Investor Interest 1,150,000,000.00 95,833,000.00 123,214.619.00 1,369
Adjusted Interest 1,150,000,000.00 95,833,000.00 123,214.619.00 1,369
Series
Floating Investor Percentage 10.25% 84.00% 7.00% 9.00%
Fixed Investor Percentage 10.25% 84.00% 7.00% 9.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current
30 to 59 days
60 to 89 days
90 or more days
Total Receivables
(vii)Investor Default Amount 7,361,672.96 614,303.94 789,824.24 8
(viii)Investor Charge-Offs 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 958,333.33 79,860.83 102,678.85 1
(xi) Portfolio Yield (Net of Defaulted Receivables)
(xii)Reallocated Monthly Principal 0.00 0.00
(xiii)Closing Investor Interest (Class A 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369
Adjusted)
(xiv)LIBOR
(xv) Principal Funding Account Balance
(xvi)Accumulation Shortfall
(xvii)Principal Funding Investment Proceeds
(xviii)Principal Investment Funding Shortfall
=
(xix)Available Funds 16,774,222.38 1,397,847.00 1,797,242.97 19
(xx) Certificate Rate 5.7775% 5.9775% 6.3375%
- ------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
