Exhibit 20.1
CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 4/30/2000
Determination Date 5/10/2000
Distribution Date 5/15/2000
I. All Payments on the Contracts 4,041,158.08
II. All Liquidation Proceeds on the Contracts with respect to Principal 18,451.48
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 86,666.04
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 18,364.75
VIII. Transfers to the Pay-Ahead Account (9,795.84)
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 -351.63
Total available amount in Collection Account $4,154,492.88
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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 122,956.14
(b) Class A-4 Note Principal Distribution 3,367,139.28
Aggregate Class A-4 Note Distribution 93.56824182 3,490,095.42
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 43,570.67
(b) Reimbursement of prior Monthly Advances 92,295.11
Total Servicer Payment 135,865.78
10. Deposits to the Reserve Account 85,293.85
Total Distribution Amount from Collection Account $4,154,492.88
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Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess
Collections 0.00
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(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 0.00
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 0.00
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 0.00
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 0.00
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Payahead Account distributions to Sellers
- --------------------------------------------
(a) Distribution from the Payahead Account to the Sellers(Chase USA) 177.92478
(b) Distribution from the Payahead Account to the Sellers(Chase Manhattan Bank) 173.70522
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 351.63
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% 122956.14
(e) Class A-5 Notes @ 6.420% 156,755.00
(f) Class A-6 Notes @ 6.500% 128375
Aggregate Interest on Class A Notes 408086.14
(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
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(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 3.29641126 122956.14
(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 408086.14
(g) Class B Notes 5.566666667 59,285.00
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(h) Class C Notes 5.71 98822.83
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PRINCIPAL
No. of Contracts
1. Amount of Stated Principal Collected 1076384.3
2. Amount of Principal Prepayment Collected 139.00 2167077.27
3. Amount of Liquidated Contract 9 123677.71
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4. Amount of Repurchased Contract 0 0.0000000
Total Formula Principal Distribution Amount 3,367,139.28
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 0.6329109 23,607,578.23
(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
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(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 90.27183056 3,367,139.28
(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 0.5426391 20,240,438.95
(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 36646 3,851 101,202,468.20
2. Delinquency Information % Delinquent
(a) 31-59 Days 56 661,088.96 0.00653234
(b) 60-89 Days 19 426236.4 0.004211719
(c) 90-119 Days 6 94,092.48 0.000929745
(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 9 123,677.71
(b) Net Liquidation Proceeds on any Liquidated
Receivables 18,451.48
Total Aggregate Net Losses for the preceding
Collection Period 105226.23
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 442983.26
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 392 4378525.530
8. Weighted Average Contract Rate of all Outstanding Contracts 0.093149184
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9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 119.0668032
TRIGGER ANALYSIS
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1. (a) Average 60+ Delinquency Percentage 1.114%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.001101974
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.001814092
3. (a) Servicer Replacement Percentage 0.000768234
- -------------------------------------------- -----------
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
1. Monthly Servicing Fees 43,570.67
2. Servicer Advances 86666.04
3. (a) Opening Balance of the Reserve Account 5206154.25
(b) Deposits to the Reserve Account 85293.85
(c) Investment Earnings in the Reserve Account 25665.48
(d) Distribution from the Reserve Account 0
(e) Ending Balance of the Reserve Account 5317113.58
4. Specified Reserve Account Balance 5325240.59
5. (a) Opening Balance in the Pay-Ahead Account 80112.75
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