CHASE MANHATTAN RV OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 10/31/98
Determination Date 11/11/98
Distribution Date 11/16/98
I. All Payments on the Contracts 22,431,962.56
II. All Liquidation Proceeds on the Contracts with respect to Principal 498,664.38
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 307,796.64
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 145,220.38
VIII. Transfers to the Pay-Ahead Account (133,075.31)
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 $23,250,568.65
===================
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 81,567.92
(b) Class A-3 Note Principal Distribution 16,536,830.79
Aggregate Class A-3 Note Distribution 147.06547529 16,618,398.71
4. (a) Class A-4 Note Interest Distribution 366,216.67
(b) Class A-4 Note Principal Distribution 1,920,187.20
Aggregate Class A-4 Note Distribution 31.32060091 2,286,403.87
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 259,346.72
(b) Reimbursement of prior Monthly Advances 767,403.42
Total Servicer Payment 1,026,750.14
13. Deposits to the Reserve Account 560,053.30
Total Distribution Amount $23,250,568.65
===================
Reserve Account distributions:
- -----------------------------------------
(a) Amounts to the Sellers (Chase USA) from Excess Collections 71,854.84
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 488,198.46
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 54,605.01
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 370,999.15
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) = $985,657.46
===================
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% 81,567.92
(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 2,962,067.92
(k) Class B Certificate @6.540% 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 0.72183998 81,567.92
(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 2,962,067.92
(k) Class B Certificates 5.45000000 244,679.31
PRINCIPAL
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No. of Contracts
----------------
1. Amount of Stated Principal Collected 5,429,344.94
2. Amount of Principal Prepayment Collected 453 12,144,605.50
3. Amount of Liquidated Contract 27 883,067.55
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 18,457,017.99
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 0.1463436 16,536,830.79
(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 146.34363531 16,536,830.79
(d) Class A-4 Notes 26.30393425 1,920,187.20
(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 0.0000000 0.00
(d) Class A-4 Notes 0.9736961 71,079,812.80
(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
No. of Contracts Principal Balance
----------------- ----------------
1. Pool Stated Principal Balance as of 10/31/98 20,658 603,975,098.34
2. Delinquency Information % Delinquent
(a) 31-59 Days 155 4,134,923.30 0.685%
(b) 60-89 Days 58 1,395,188.98 0.231%
(c) 90-119 Days 33 1,061,272.78 0.176%
(d) 120 Days + 166 4,269,371.42 0.707%
3. Contracts Repossessed during the Due Period 20 715,400.33
4. Current Repossession Inventory 45 1,810,592.30
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 27 883,067.55
(b) Net Liquidation Proceeds on any Liquidated Receivables 498,664.38
-------------------
Total Aggregate Net Losses for the preceding Collection Period 384,403.17
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 2,521,778.41
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 183 2,742,853.27
8. Weighted Average Contract Rate of all Outstanding Contracts 9.275%
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 117.922
TRIGGER ANALYSIS
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1. (a) Average Delinquency Percentage 1.465%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.040%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.288%
3. (a) Servicer Replacement Percentage 0.280%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- -------------------------------
1. Monthly Servicing Fees 259,346.72
2. Servicer Advances 307,796.64
3. (a) Opening Balance of the Reserve Account 12,448,642.33
(b) Deposits to the Reserve Account 560,053.30
(c) Investment Earnings in the Reserve Account 56,463.80
(d) Distribution from the Reserve Account (985,657.46)
(e) Ending Balance of the Reserve Account 12,079,501.97
4. Specified Reserve Account Balance 12,079,501.97
5. (a) Opening Balance in the Pay-Ahead Account 542,222.45
(b) Deposits to the Pay-Ahead Account from the Collection Account 133,075.31
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to the Collection Account (145,220.38)
(e) Ending Balance in the Pay-Ahead Account 530,077.38