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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: August 2, 1996
THE CHASE MANHATTAN BANK
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(Originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
CHASE MANHATTAN GRANTOR TRUST 1996-A
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(Issuer with respect to Certificates)
DELAWARE 33-99546 13-2633612
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
270 Park Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip code)
(212) 270-6000
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On July 15, 1996, Chase Manhattan Grantor Trust 1996-A (the "Trust")made
the distribution to Certificateholders contemplated by the Pooling and Servicing
Agreement, dated as of February 1, 1996, (the "Pooling & Servicing Agreement"),
between the Registrant, as Seller and Servicer, and Norwest Bank Minnesota,
National Association, as Trustee. A copy of the Certificateholder Report for
such Distribution Date delivered pursuant to section 5.7 of the Pooling and
Servicing Agreement is being filed as an exhibit to this Current Report on Form
8-K.
Effective July 12, 1996, The Chase Manhattan Bank (National Association)
(the "Bank") transferred to Chase Manhattan Automotive Finance Corporation
("CMAFC") substantially all of its automotive lending business, including all
outstanding auto loans that were not previously transferred to a securitization
trust. In connection with such transfer, the Bank also assigned to CMAFC (i) all
of its rights, privileges and interests as Seller under the several Pooling and
Servicing Agreements (the "Pooling Agreements") establishing Chase Manhattan
Grantor Trust 1993-A (the "1993-A Pooling Agreement"), Chase Manhattan Grantor
Trust 1995-A, Chase Manhattan Grantor Trust 1995-B and Chase Manhattan Grantor
Trust 1996-A (collectively referred to herein as the "Grantor Trusts"); (ii) its
rights, as Servicer, under Section 21.02 of the 1993-A Pooling Agreement and
Section 12.2 of each of the other Pooling Agreements, to repurchase the corpus
of the applicable trust established by such Pooling Agreement; (iii) its
obligation, as Servicer, to repurchase Receivables (as defined in each of the
Pooling Agreements) in certain circumstances; and (iv) its rights, obligations
and duties, as Seller, under the related underwriting agreements and credit
support agreements, together, in each, case, with all of the liabilities and
obligations of the Bank as Seller thereunder, including its repurchase
obligations with respect to any breach of a representation or warranty
thereunder.
Item 7(c). Exhibits.
Exhibit No. Description
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20.1 Certificateholders Report for the month of June
1996.
20.2 Assignment and Assumption, dated as of July 12,
1996, between The Chase Manhattan Bank, N.A. and
The Chase Manhattan Bank USA, N.A.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Bank has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
THE CHASE MANHATTAN BANK
By: /s/ William J. Schiralli
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Name: William J. Schiralli
Title: Vice President
Date: August 2, 1996
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INDEX TO EXHIBITS
Exhibit No. Description Page
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20.1 Certificateholder Report dated 5
July 15, 1996 delivered pursuant
to Section 5.7 of the Pooling
and Servicing Agreement as
of February 1, 1996.
20.2 Assignment and Assumption, dated 6
as of July 12, 1996, between The
Chase Manhattan Bank, N.A. and
The Chase Manhattan Bank USA, N.A.
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Exhibit 20.1
Chase Manhattan Grantor Trust 1996-A
From: Chase Manhattan Bank
To: Norwest Bank Minnesota, N.A.
MONTHLY CERTIFICATEHOLDER'S REPORT
Due Period 5 Beginning Date 06/01/1996
Due Period 5 End Date 06/30/1996
Determination Date 07/10/1996
Remittance Date 07/15/1996
I. Monthly Principal and Principal Carryover Shortfall
to Certificateholders
(Per $1000 of Original Principal Amount) $ 29.0613903947
II. Monthly Interest and Unpaid Interest to
Certificateholders
(Per $1000 of Original Principal Amount) $ 3.7516362837
III. Monthly Expenses Summary
A. Servicing Fee Disbursement $ 1,063,634.89
B. Cash Collateral Account Expense $ 0.00
C. Total Expenses paid
(per $1000 of Original Principal Amount) $ 0.7214685158
IV. Cash Collateral Account Deposit Amount $ 0.00
V. Outstanding Advance Summary
A. From Prior Period $ 2,996,898.63
B. From Current Period $ 3,352,864.54
C. Change in Amount Between Periods (Lines B - A) $ 355,965.91
VI. Pool Factor Information
A. Certificate Principal Balance $ 1,233,517,712.88
B. Initial Certificate Balance $ 1,474,263,764.33
C. Pool Factor (Lines A / B) 0.836700828390
VII. Available Cash Collateral Account Information for
Due Period
A. Available Cash Collateral Amount $ 63,818,093.38
B. Available Cash Collateral Amount Percentage 4.999999999687%
VIII. Required Cash Collateral Amount
A. For the Current Collection Period $ 63,818,093.38
B. For the Next Collection Period $ 61,675,885.64
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Exhibit 20.2
ASSIGNMENT AND ASSUMPTION
KNOW ALL MEN BY THESE PRESENTS that The Chase Manhattan Bank, N.A.
(CMBNA), for good and valuable consideration, does hereby transfer, assign and
convey to Chase Manhattan Bank USA, National Association (CMBUSA) (i) all the
rights, privileges and interests of CMBNA as Seller under the several Pooling
and Servicing Agreements (the "Pooling Agreements") establishing Chase Manhattan
Grantor Trust 1993-A (the "1993-A Pooling Agreement"), Chase Manhattan Grantor
Trust 1995-A, Chase Manhattan Grantor Trust 1995-B and Chase Manhattan Grantor
Trust 1996-A (collectively referred to herein as the "Grantor Trusts"); (ii) the
rights of CMBNA, as Servicer, under Section 21.02 of the 1993-A Pooling
Agreement and Section 12.2 of each of the other Pooling Agreements, to
repurchase the corpus of the applicable trust established by such Pooling
Agreement; (iii) the obligation of CMBNA, as Servicer, to repurchase Receivables
(as defined in each of the Pooling Agreements) in certain circumstances; and
(iv) the rights, obligations and duties of CMBNA, as Seller, under the related
underwriting agreements and credit support agreements listed in Schedule I
hereto, together, in each, case, with all of the liabilities and obligations of
CMBNA as Seller thereunder, including, without limitation, the repurchase
obligations with respect to any breach of a representation or warranty
thereunder.
This Assignment and Assumption shall be effective as of July 12, 1996
(the "Effective Date":). CMBUSA assumes and agrees to pay, perform and discharge
all of the obligations of CMBNA as Seller under the Pooling Agreements which
arise prior to and on and after the Effective Date.
CMBUSA and CMBNA agree that each shall, from time to time, make,
execute and deliver such further assignments, assumptions, drafts, checks and
other instruments, consents and assurances as either CMBUSA or CMBNA may
reasonably request for the effectual consummation of this Assignment and
Assumption and transactions contemplated hereunder.
IN WITNESS WHEREOF, CMBUSA and CMBNA have executed this Assignment and
Assumption.
CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION
By: /s/ Frank Vella, Jr.
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Name: Frank Vella, Jr.
Title: Vice President
Dated: July 15, 1996
THE CHASE MANHATTAN BANK, N.A.
By: /s/ James B. Brew
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Name: James B. Brew
Title: Senior Vice President
Dated: July 15, 1996
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SCHEDULE I
Chase Manhattan Grantor Trust 1993-A
- Underwriting Agreement, dated April 7, 1993, between The Chase
Manhattan Bank, N.A. ("CMBNA") and Chase Securities Inc. as the
Representative of the several underwriters
- Cash Collateral Trust Agreement, dated April 15, 1993, among CMBNA, as
Seller and Servicer, Credit Lyonnais, New York Branch as Cash
Collateral Depositor and Norwest Bank Minnesota, N.A., as Cash
Collateral Trustee
- Loan Agreement, dated April 15, 1993, among CMBNA, as Seller and
Servicer, Credit Lyonnais, New York Branch, as Bank, and Norwest Bank
Minnesota, N.A., as Cash Collateral Trustee
Chase Manhattan Grantor Trust 1995-A
- Underwriter Agreement, dated September 7, 1995, between CMBNA and Chase
Securities, Inc. as Representative of the several Underwriters
- Cash Collateral Trust Agreement, dated September 13, 1995, among
CMBNA, as Seller and Servicer, The Sanwa Bank, Limited, New York
Branch, as Cash Collateral Depositor, and Norwest Bank Minnesota,
N.A., as Cash Collateral Trustee
- Loan Agreement, dated September 13, 1995, among CMBNA, as Seller and
Servicer, The Sanwa Bank, Limited, New York Branch, as Bank, and
Norwest Bank Minnesota, N.A., as Cash Collateral Trustee
Chase Manhattan Grantor Trust 1995-B
- Underwriter Agreement, dated November 7, 1995, between CMBNA and Chase
Securities, Inc. as Representative of the several Underwriters
- Cash Collateral Trust Agreement, dated November 15, 1995, among CMBNA,
as Seller and Servicer, The Sanwa Bank, Limited , New York Branch, as
Cash Collateral Depositor and Norwest Bank Minnesota, N.A., as Cash
Collateral Trustee
- Loan Agreement, dated November 15, 1995, among CMBNA, as Seller and
Servicer, The Sanwa Bank, Limited, New York Branch, as Bank, and
Norwest Bank Minnesota, N.A., as Cash Collateral Trustee
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Chase Manhattan Grantor Trust 1996-A
- Underwriter Agreement, dated February 15, 1996, between CMBNA
and Chase Securities, Inc. as Representative of the several
Underwriters
- Cash Collateral Trust Agreement, dated February 23, 1996, among CMBNA,
as Seller and Servicer, The Sanwa Bank, Limited, New York Branch, as
Cash Collateral Depositor, and Norwest Bank Minnesota, N.A., as Cash
Collateral Trustee
- Loan Agreement, dated February 23, 1996, among CMBNA, as Seller and
Servicer, The Sanwa Bank, Limited, New York Branch, as Bank, and
Norwest Bank Minnesota, N.A., as Cash Collateral Trustee
