CHASE MANHATTAN RV OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 3/31/00
Determination Date 4/12/00
Distribution Date 4/17/00
I. All Payments on the Contracts 12,031,600.98
II. All Liquidation Proceeds on the Contracts with respect to Principal 483,552.73
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 260,677.18
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 153,171.82
VIII. Transfers to the Pay-Ahead Account (112,734.67)
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 $12,816,268.04
===============
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 0.00
(b) Class A-4 Note Principal Distribution 0.00
Aggregate Class A-4 Note Distribution 0.00000000 0.00
5. (a) Class A-5 Note Interest Distribution 0.00
(b) Class A-5 Note Principal Distribution 0.00
Aggregate Class A-5 Note Distribution 0.00000000 0.00
6. (a) Class A-6 Note Interest Distribution 359,243.83
(b) Class A-6 Note Principal Distribution 10,056,006.64
Aggregate Class A-6 Note Distribution 118.35511896 10,415,250.47
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
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(a) Servicing Fee 159,675.14
(b) Reimbursement of prior Monthly Advances 216,748.17
Total Servicer Payment 376,423.31
13. Deposits to the Reserve Account 380,664.95
Total Distribution Amount $12,816,268.04
==============
Reserve Account distributions:
- -------------------------------
(a) Amounts to the Sellers (Chase USA) from Excess Collections 48,839.31
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 331,825.64
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 5,668.96
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 38,516.21
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) = $424,850.12
============
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% 0.00
(e) Class A-5 Notes @ 6.050% 0.00
(f) Class A-6 Notes @ 6.130% 359,243.83
(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 1,758,493.83
(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 0.00000000 0.00
(e) Class A-5 Notes 0.00000000 0.00
(f) Class A-6 Notes 4.08231623 359,243.83
(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 1,758,493.83
(k) Class B Certificates 5.45000000 244,679.31
PRINCIPAL
- -------------------------------
No. of Contracts
----------------
1. Amount of Stated Principal Collected 4,059,943.81
2. Amount of Principal Prepayment Collected 294 5,159,211.61
3. Amount of Liquidated Contract 22 836,851.22
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 10,056,006.64
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 0.0000000 0.00
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(e) Class A-5 Notes 0.0000000 0.00
(f) Class A-6 Notes 0.7991484 70,325,056.11
(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 0.00000000 0.00
(e) Class A-5 Notes 0.00000000 0.00
(f) Class A-6 Notes 114.27280273 10,056,006.64
(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 0.0000000 0.00
(e) Class A-5 Notes 0.0000000 0.00
(f) Class A-6 Notes 0.6848756 60,269,049.47
(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
- ------------------------------- Principal
No. of Contracts Balance
---------------- -------
1. Pool Stated Principal Balance as of 3/31/00 13,930 373,164,335.01
2. Delinquency Information % Delinquent
- ------------
(a) 31-59 Days 110 2,682,002.93 0.719%
(b) 60-89 Days 48 1,549,043.59 0.415%
(c) 90-119 Days 29 874,068.91 0.234%
(d) 120 Days + 75 2,070,237.26 0.555%
3. Contracts Repossessed during the Due Period 11 478,989.41
4. Current Repossession Inventory 29 1,083,412.47
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 22 836,851.22
(b) Net Liquidation Proceeds on any Liquidated Receivables 483,552.73
-------------
Total Aggregate Net Losses for the preceding Collection Period 353,298.49
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 1,066,546.25
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 666 10,004,028.64
8. Weighted Average Contract Rate of all Outstanding Contracts 9.237%
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 103.245
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TRIGGER ANALYSIS
- -------------------------------
1. (a) Average Delinquency Percentage 1.493%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.057%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.089%
3. (a) Servicer Replacement Percentage 0.075%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- -------------------------------
1. Monthly Servicing Fees 159,675.14
2. Servicer Advances 260,677.18
3. (a) Opening Balance of the Reserve Account 8,973,952.86
(b) Deposits to the Reserve Account 380,664.95
(c) Investment Earnings in the Reserve Account 44,185.17
(d) Distribution from the Reserve Account (424,850.12)
(e) Ending Balance of the Reserve Account 8,973,952.86
4. Specified Reserve Account Balance 8,973,952.86
5. (a) Opening Balance in the Pay-Ahead Account 417,615.46
(b) Deposits to the Pay-Ahead Account from the Collection Account 112,734.67
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to the Collection Account (153,171.82)
(e) Ending Balance in the Pay-Ahead Account 377,178.31
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