CHASE MANHATTAN RV OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 7/31/98
Determination Date 8/12/98
Distribution Date 8/17/98
I. All Payments on the Contracts 24,664,345.31
II. All Liquidation Proceeds on the Contracts with respect to Principal 179,622.95
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 395,339.64
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 278,663.36
VIII. Transfers to the Pay-Ahead Account (188,592.94)
IX. Less: Investment Earnings distributions 0.00
(a) To Sellers with respect to the Collection Account 0.00
(b) To Sellers with respect to the Pay-Ahead Account
Total available amount in Collection Account $25,329,378.32
===================
DISTRIBUTION AMOUNTS Cost per $1000
- ------------------------------- ----------------
1. (a) Class A-1 Note Interest Distribution 0.00
(b) Class A-1 Note Principal Distribution 0.00
Aggregate Class A-1 Note Distribution 0.00000000 0.00
2. (a) Class A-2 Note Interest Distribution 0.00
(b) Class A-2 Note Principal Distribution 0.00
Aggregate Class A-2 Note Distribution 0.00000000 0.00
3. (a) Class A-3 Note Interest Distribution 370,961.62
(b) Class A-3 Note Principal Distribution 19,853,667.16
Aggregate Class A-3 Note Distribution 178.97901571 20,224,628.78
4. (a) Class A-4 Note Interest Distribution 366,216.67
(b) Class A-4 Note Principal Distribution 0.00
Aggregate Class A-4 Note Distribution 5.01666667 366,216.67
5. (a) Class A-5 Note Interest Distribution 665,500.00
(b) Class A-5 Note Principal Distribution 0.00
Aggregate Class A-5 Note Distribution 5.04166667 665,500.00
6. (a) Class A-6 Note Interest Distribution 449,533.33
(b) Class A-6 Note Principal Distribution 0.00
Aggregate Class A-6 Note Distribution 5.10833333 449,533.33
7. (a) Class A-7 Note Interest Distribution 291,650.00
(b) Class A-7 Note Principal Distribution 0.00
Aggregate Class A-7 Note Distribution 5.11666667 291,650.00
8. (a) Class A-8 Note Interest Distribution 441,291.67
(b) Class A-8 Note Principal Distribution 0.00
Aggregate Class A-8 Note Distribution 5.19166667 441,291.67
9. (a) Class A-9 Note Interest Distribution 321,266.67
(b) Class A-9 Note Principal Distribution 0.00
Aggregate Class A-9 Note Distribution 5.26666667 321,266.67
10. (a) Class A-10 Note Interest Distribution 345,041.67
(b) Class A-10 Note Principal Distribution 0.00
Aggregate Class A-10 Note Distribution 5.30833333 345,041.67
11. (a) Class B Certificate Interest Distribution 244,679.31
(b) Class B Certificate Principal Distribution 0.00
Aggregate Class B Certificate Distribution 5.45000000 244,679.31
12. Servicer Payment
(a) Servicing Fee 283,792.88
(b) Reimbursement of prior Monthly Advances 522,536.07
Total Servicer Payment 806,328.95
13. Deposits to the Reserve Account 1,173,241.29
Total Distribution Amount $25,329,378.32
================
Reserve Account distributions:
- -----------------------------------------
(a) Amounts to the Sellers (Chase USA) from Excess Collections 150,526.86
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 1,022,714.43
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 59,178.09
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 402,069.68
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) = $1,634,489.06
===============
INTEREST
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1. Current Interest Requirement
(a) Class A-1 Notes 5.598% 0.00
(b) Class A-2 Notes 5.852% 0.00
(c) Class A-3 Notes 5.919% 370,961.62
(d) Class A-4 Notes 6.020% 366,216.67
(e) Class A-5 Notes 6.050% 665,500.00
(f) Class A-6 Notes 6.130% 449,533.33
(g) Class A-7 Notes @6.140% 291,650.00
(h) Class A-8 Notes @6.230% 441,291.67
(i) Class A-9 Notes 6.320% 321,266.67
(j) Class A-10 Notes 6.370% 345,041.67
Aggregate Interest on Notes 3,251,461.62
(k) Class B Certificate6.540% 244,679.31
2. Remaining Interest Shortfall
(a) Class A-1 Notes 0.00
(b) Class A-2 Notes 0.00
(c) Class A-3 Notes 0.00
(d) Class A-4 Notes 0.00
(e) Class A-5 Notes 0.00
(f) Class A-6 Notes 0.00
(g) Class A-7 Notes 0.00
(h) Class A-8 Notes 0.00
(i) Class A-9 Notes 0.00
(j) Class A-10 Notes 0.00
(k) Class B Certificates 0.00
3. Total Distribution of Interest Cost per $1000
----------------
(a) Class A-1 Notes 0.00000000 0.00
(b) Class A-2 Notes 0.00000000 0.00
(c) Class A-3 Notes 3.28284616 370,961.62
(d) Class A-4 Notes 5.01666667 366,216.67
(e) Class A-5 Notes 5.04166667 665,500.00
(f) Class A-6 Notes 5.10833333 449,533.33
(g) Class A-7 Notes 5.11666667 291,650.00
(h) Class A-8 Notes 5.19166667 441,291.67
(i) Class A-9 Notes 5.26666667 321,266.67
(j) Class A-10 Notes 5.30833333 345,041.67
Total Aggregate Interest on Notes 3,251,461.62
(k) Class B Certificates 5.45000000 244,679.31
PRINCIPAL
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No. of Contracts
----------------
1. Amount of Stated Principal Collected 5,543,295.29
2. Amount of Principal Prepayment Collected 569 13,868,415.33
3. Amount of Liquidated Contract 7 441,956.54
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 19,853,667.16
5. Principal Balance before giving effect to Principal Distribution Pool Factor
(a) Class A-1 Notes 0.0000000 0.00
(b) Class A-2 Notes 0.0000000 0.00
(c) Class A-3 Notes 0.6655542 75,207,626.08
(d) Class A-4 Notes 1.0000000 73,000,000.00
(e) Class A-5 Notes 1.0000000 132,000,000.00
(f) Class A-6 Notes 1.0000000 88,000,000.00
(g) Class A-7 Notes 1.0000000 57,000,000.00
(h) Class A-8 Notes 1.0000000 85,000,000.00
(i) Class A-9 Notes 1.0000000 61,000,000.00
(j) Class A-10 Notes 1.0000000 65,000,000.00
(k) Class B Certificates 1.0000000 44,895,285.54
6. Remaining Principal Shortfall
(a) Class A-1 Notes 0.00
(b) Class A-2 Notes 0.00
(c) Class A-3 Notes 0.00
(d) Class A-4 Notes 0.00
(e) Class A-5 Notes 0.00
(f) Class A-6 Notes 0.00
(g) Class A-7 Notes 0.00
(h) Class A-8 Notes 0.00
(i) Class A-9 Notes 0.00
(j) Class A-10 Notes 0.00
(k) Class B Certificates 0.00
7. Principal Distribution Cost per $1000
----------------
(a) Class A-1 Notes 0.00000000 0.00
(b) Class A-2 Notes 0.00000000 0.00
(c) Class A-3 Notes 175.69616956 19,853,667.16
(d) Class A-4 Notes 0.00000000 0.00
(e) Class A-5 Notes 0.00000000 0.00
(f) Class A-6 Notes 0.00000000 0.00
(g) Class A-7 Notes 0.00000000 0.00
(h) Class A-8 Notes 0.00000000 0.00
(i) Class A-9 Notes 0.00000000 0.00
(j) Class A-10 Notes 0.00000000 0.00
(k) Class B Certificates 0.00000000 0.00
8. Principal Balance after giving effect to Principal Distribution Pool Factor
(a) Class A-1 Notes 0.0000000 0.00
(b) Class A-2 Notes 0.0000000 0.00
(c) Class A-3 Notes 0.4898580 55,353,958.92
(d) Class A-4 Notes 1.0000000 73,000,000.00
(e) Class A-5 Notes 1.0000000 132,000,000.00
(f) Class A-6 Notes 1.0000000 88,000,000.00
(g) Class A-7 Notes 1.0000000 57,000,000.00
(h) Class A-8 Notes 1.0000000 85,000,000.00
(i) Class A-9 Notes 1.0000000 61,000,000.00
(j) Class A-10 Notes 1.0000000 65,000,000.00
(k) Class B Certificates 1.0000000 44,895,285.54
POOL DATA Aggregate
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No. of Contracts Principal Balance
----------------- -----------------
1. Pool Stated Principal Balance as of 7/31/98 22,167 661,249,244.46
2. Delinquency Information % Delinquent
(a) 31-59 Days 187 4,299,160.96 0.650%
(b) 60-89 Days 63 1,952,377.68 0.295%
(c) 90-119 Days 46 987,880.02 0.149%
(d) 120 Days + 169 5,622,311.36 0.850%
3. Contracts Repossessed during the Due Period 20 724,901.02
4. Current Repossession Inventory 34 1,149,339.64
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 7 441,956.54
(b) Net Liquidation Proceeds on any Liquidated Receivables 179,622.95
-------------------
Total Aggregate Net Losses for the preceding Collection Period 262,333.59
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 1,612,995.49
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 116 1,856,338.07
8. Weighted Average Contract Rate of all Outstanding Contracts 9.277%
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 120.695
TRIGGER ANALYSIS
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1. (a) Average Delinquency Percentage 1.411%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.032%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.242%
3. (a) Servicer Replacement Percentage 0.236%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- -------------------------------
1. Monthly Servicing Fees 283,792.88
2. Servicer Advances 395,339.64
3. (a) Opening Balance of the Reserve Account 13,622,058.23
(b) Deposits to the Reserve Account 1,173,241.29
(c) Investment Earnings in the Reserve Account 64,174.43
(d) Distribution from the Reserve Account (1,634,489.06)
(e) Ending Balance of the Reserve Account 13,224,984.89
4. Specified Reserve Account Balance 13,224,984.89
5. (a) Opening Balance in the Pay-Ahead Account 659,087.71
(b) Deposits to the Pay-Ahead Account from the Collection Account 188,592.94
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to the Collection Account (278,663.36)
(e) Ending Balance in the Pay-Ahead Account 569,017.29