CHASE MANHATTAN RV OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 11/30/98
Determination Date 12/10/98
Distribution Date 12/15/98
I. All Payments on the Contracts 20,333,684.92
II. All Liquidation Proceeds on the Contracts with respect to Principal 560,573.34
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 408,705.84
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 172,226.73
VIII. Transfers to the Pay-Ahead Account (153,789.78)
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 $21,321,401.05
===================
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 0.00
(b) Class A-3 Note Principal Distribution 0.00
Aggregate Class A-3 Note Distribution 0.00000000 0.00
4. (a) Class A-4 Note Interest Distribution 356,583.73
(b) Class A-4 Note Principal Distribution 16,779,332.51
Aggregate Class A-4 Note Distribution 234.73857860 17,135,916.24
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 251,656.29
(b) Reimbursement of prior Monthly Advances 313,305.95
Total Servicer Payment 564,962.24
13. Deposits to the Reserve Account 861,559.93
Total Distribution Amount $21,321,401.05
===================
Reserve Account distributions:
- -----------------------------------------
(a) Amounts to the Sellers (Chase USA) from Excess Collections 110,538.14
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 751,021.79
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 49,617.94
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 337,115.82
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) = $1,248,293.69
===================
INTEREST
- -------------------------------
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% 0.00
(d) Class A-4 Notes @6.020% 356,583.73
(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 2,870,867.06
(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 0.00000000 0.00
(d) Class A-4 Notes 4.88470860 356,583.73
(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 2,870,867.06
(k) Class B Certificates 5.45000000 244,679.31
PRINCIPAL
- -------------------------------
No. of Contracts
----------------
1. Amount of Stated Principal Collected 5,926,136.91
2. Amount of Principal Prepayment Collected 399 9,933,931.68
3. Amount of Liquidated Contract 25 919,263.92
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 16,779,332.51
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 0.0000000 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
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 0.00000000 0.00
(d) Class A-4 Notes 229.85387000 16,779,332.51
(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 0.7438422 54,300,480.29
(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 11/30/98 20,234 587,195,765.83
2. Delinquency Information % Delinquent
(a) 31-59 Days 157 4,035,421.21 0.687%
(b) 60-89 Days 53 1,308,108.66 0.223%
(c) 90-119 Days 45 1,095,333.38 0.187%
(d) 120 Days + 175 4,544,362.67 0.774%
3. Contracts Repossessed during the Due Period 14 662,400.15
4. Current Repossession Inventory 41 1,662,429.93
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 25 919,263.92
(b) Net Liquidation Proceeds on any Liquidated Receivables 560,573.34
-------------------
Total Aggregate Net Losses for the preceding Collection Period 358,690.58
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 2,884,463.10
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 208 3,101,543.85
8. Weighted Average Contract Rate of all Outstanding Contracts 9.272%
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 117.053
TRIGGER ANALYSIS
- -------------------------------
1. (a) Average Delinquency Percentage 1.450%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.046%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.321%
3. (a) Servicer Replacement Percentage 0.312%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- -------------------------------
1. Monthly Servicing Fees 251,656.29
2. Servicer Advances 408,705.84
3. (a) Opening Balance of the Reserve Account 12,079,501.97
(b) Deposits to the Reserve Account 861,559.93
(c) Investment Earnings in the Reserve Account 51,147.11
(d) Distribution from the Reserve Account (1,248,293.69)
(e) Ending Balance of the Reserve Account 11,743,915.32
4. Specified Reserve Account Balance 11,743,915.32
5. (a) Opening Balance in the Pay-Ahead Account 530,077.38
(b) Deposits to the Pay-Ahead Account from the Collection Account 153,789.78
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to the Collection Account (172,226.73)
(e) Ending Balance in the Pay-Ahead Account 511,640.43