CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 1/31/2000
Determination Date 2/10/2000
Distribution Date 2/15/2000
I. All Payments on the Contracts 2,682,495.87
II. All Liquidation Proceeds on the Contracts with respect to Principal 214,459.96
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 92,461.87
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 12,816.53
VIII. Transfers to the Pay-Ahead Account (10,014.86)
IX. Less: Investment Earnings distributions
(a) To Sellers with respect to the Collection Account 0.00
(b) To Sellers with respect to the Pay-Ahead Account -354.12
Total available amount in Collection Account $2,991,865.25
==================
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 167,773.52
(b) Class A-4 Note Principal Distribution 1,849,884.08
Aggregate Class A-4 Note Distribution 54.09269705 2,017,657.60
5. (a) Class A-5 Note Interest Distribution 156,755.00
(b) Class A-5 Note Principal Distribution 0.00
Aggregate Class A-5 Note Distribution 5.35000000 156,755.00
6. (a) Class A-6 Note Interest Distribution 128,375.00
(b) Class A-6 Note Principal Distribution 0.00
Aggregate Class A-6 Note Distribution 5.41666667 128,375.00
7. (a) Class B Note Interest Distribution 59,285.00
(b) Class B Note Principal Distribution 0.00
Aggregate Class B Note Distribution 5.56666667 59,285.00
8. (a) Class C Note Interest Distribution 98,822.83
(b) Class C Note Principal Distribution 0.00
Aggregate Class C Note Distribution 5.70833312 98,822.83
9. Servicer Payment
(a) Servicing Fee 47,156.06
(b) Reimbursement of prior Monthly Advances 113,718.81
Total Servicer Payment 160,874.87
10. Deposits to the Reserve Account 370,094.95
Total Distribution Amount from Collection Account $2,991,865.25
==================
Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess Collections 187,268.04
Page 1 of 4
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 182,826.91
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 12,989.52
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 12,681.47
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 395,765.94
==================
Payahead Account distributions to Sellers
- --------------------------------
(a) Distribution from the Payahead Account to the Sellers(Chase USA) 179.18472
(b) Distribution from the Payahead Account to the Sellers(Chase Manhattan Bank) 174.93528
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 354.12
INTEREST
1. Current Interest Requirement
(a) Class A-1 Notes @ 5.845% 0.00
(b) Class A-2 Notes @ 0.06028 0.00
(c) Class A-3 Notes @ 6.140% 0.00
(d) Class A-4 Notes @ 6.250% 167773.52
(e) Class A-5 Notes @ 6.420% 156,755.00
(f) Class A-6 Notes @ 6.500% 128375
Aggregate Interest on Class A Notes 452903.52
(g) Class B Notes @ 0.0668 59285
(h) Class C Notes @ 0.0685 98822.83
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
(g) Class B Notes 0.00
----------------
(h) Class C Notes 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 0.00
(c) Class A-3 Notes 0.00000000 0.00
(d) Class A-4 Notes 4.49794960 167773.52
(e) Class A-5 Notes 5.35000000 156,755.00
(f) Class A-6 Notes 5.41666667 128375
Total Aggregate Interest on Class A Notes 452903.52
(g) Class B Notes 5.566666667 59,285.00
- --------------------------------
(h) Class C Notes 5.71 98822.83
----------------
PRINCIPAL
No. of Contracts
1. Amount of Stated Principal Collected 1108973.22
2. Amount of Principal Prepayment Collected 66.00 678290.38
3. Amount of Liquidated Contract 8 62620.48
--------
4. Amount of Repurchased Contract 0 0.0000000
Total Formula Principal Distribution Amount 1,849,884.08
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 0.8636063 32,212,515.90
(e) Class A-5 Notes 1.0000000 29,300,000.00
(f) Class A-6 Notes 1 23700000
(g) Class B Notes 1 10,650,000.00
Page 2 of 4
(h) Class C Notes 1 17,312,029.25
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
(g) Class B Notes 0.00
----------------
(h) Class C Notes 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 49.59474745 1,849,884.08
(e) Class A-5 Notes 0.00000000 0.00
(f) Class A-6 Notes 0 0
(g) Class B Notes 0 0.00
(h) Class C Notes 0 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 0.8140116 30,362,631.82
(e) Class A-5 Notes 1.0000000 29,300,000.00
(f) Class A-6 Notes 1 23700000
(g) Class B Notes 1.0000000 10,650,000.00
- --------------------------------
(h) Class C Notes 1 17312029.25
POOL DATA
Aggregate
No. of Contracts Principal Balance
1. Pool Stated Principal Balance as of 36556 4,237 111,324,661.07
2. Delinquency Information % Delinquent
(a) 31-59 Days 95 1,837,846.64 0.016508891
(b) 60-89 Days 20 636570.05 0.00571814
(c) 90-119 Days 11 284,878.87 0.002558992
(d) 120 Days + 0 0.00 0
3. Contracts Repossessed during the Due Period 0 0.00
--------------------
4. Current Repossession Inventory 1 80,314.41
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 8 62,620.48
(b) Net Liquidation Proceeds on any Liquidated Receivables 214,459.96
Total Aggregate Net Losses for the preceding Collection Period -151839.48
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) -141968.12
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 368 3808194.140
8. Weighted Average Contract Rate of all Outstanding Contracts 0.093368706
- --------------------------------
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 121.2321141
Page 3 of 4
TRIGGER ANALYSIS
1. (a) Average 60+ Delinquency Percentage 0.923%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.000230707
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.000350211
3. (a) Servicer Replacement Percentage -0.001108547
- ------------------------------------------- ------------
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
1. Monthly Servicing Fees 47,156.06
2. Servicer Advances 92461.87
3. (a) Opening Balance of the Reserve Account 5325240.59
(b) Deposits to the Reserve Account 370094.95
(c) Investment Earnings in the Reserve Account 25670.99
(d) Distribution from the Reserve Account -395765.94
(e) Ending Balance of the Reserve Account 5325240.59
4. Specified Reserve Account Balance 5325240.59
5. (a) Opening Balance in the Pay-Ahead Account 81350.55
Page 4 of 4