Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
EXHIBIT B
FORM OF MONTHLY PAYMENT INSTRUCTIONS AND NOTIFICATION TO THE TRUSTEE
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-3
Capitalized terms used in this Certificate have their respective meanings set
forth in the Pooling and Servicing Agreement, dated as of June 1, 1991, and the
Series 1996-3 Supplement, dated as of June 1, 1996 (together, the Agreement), by
and between The Chase Manhattan Bank USA, N.A. (Chase), as Servicer, and Yasuda
Bank and Trust Company (U.S.A.), as trustee (the Trustee); provided, that the
preceding Monthly Period shall mean the Monthly Period immediately preceding the
calendar month in which this Certificate is delivered. References herein to
certain sections and subsections are references to the respective sections and
subsections of the Agreement. This Certificate is delivered pursuant to the
terms of the Agreement.
The undersigned, a duly authorized representative of the Servicer does hereby
certify as follows:
1) Chase is the Servicer under the Agreement.
2) The undersigned is a Servicing Officer.
3) The date of this notice is 09/08/00
which is a Determination Date under the Agreement.
I. INSTRUCTION TO MAKE A WITHDRAWAL
Pursuant to Section 4.08, the Servicer does
hereby instruct the Trustee to apply, on 09/14/00
which date is a Transfer Date under the Agreement, Class A
Available Funds, Class B Available Funds, Collateral Available Funds from the
Finance Charge Account and Available Principal Funds from the Principal Account,
to make the following distributions:
A) To the Distribution Account for payment
to the Class A Certificateholders, Pursuant to Subsection 4.08(a)(i):
(1) Class A Monthly Interest for the related Distribution Date 5,615,690.67
(2) Class A Monthly Interest accrued but not paid 0.00
(3) Class A Additional Interest 0.00
(4) Class A Additional Interest accrued but not paid 0.00
(5) Class A Interest Disbursement for the related Distribution Date 5,615,690.67
B) To the Servicer Pursuant to Subsection 4.08(a)(ii)
If neither Chase USA, nor any Affiliate thereof, is the Servicer:
(1) The Class A Servicing Fee for the preceding Monthly Period N/A
(2) Class A Servicing Fees previously due but not distributed N/A
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
C) To the Principal Account Pursuant to Subsection 4.08(a)(iii):
(1) Class A Investor Default Amount for the preceding Monthly Period
(to be treated as a portion of Available Principal Collections) 4,104,869.11
D) Pursuant to Subsection 4.08(a)(iv):
(1) Portion of Excess Spread from Class A Available Funds to
be allocated and distributed as provided in Part II hereof 6,291,335.51
E) To the Distribution Account for payment to the Class B
Certificateholders Pursuant to Subsection 4.08(b)(i):
(1) Class B Monthly Interest for the related Distribution Date 257,036.50
(2) Class B Monthly Interest accrued but not paid 0.00
(3) Class B Additional Interest 0.00
(4) Class B Additional Interest accrued but not paid 0.00
(5) Class B Interest Disbursement for the related Distribution Date 257,036.50
F) To the Servicer Pursuant to Subsection 4.08(b)(ii)
If neither Chase USA, nor any Affiliate thereof, is the Servicer:
(1) The Class B Servicing Fee for the preceding Monthly Period N/A
(2) Class B Investor Servicing Fees previously due but not distributed N/A
G) Pursuant to Subsection 4.08(b)(iii):
(1) Portion of Excess Spread from Class B Available Funds to be
allocated and distributed as provided in Part II thereof 457,391.01
H) To the Servicer Pursuant to Subsection 4.08(c)(i)
If neither Chase USA, nor any Affiliate thereof, is the Servicer:
(1) The Collateral Interest Servicing Fee for the preceding Monthly Period N/A
(2) Collateral Interest Servicing Fee previously due but not distributed N/A
I) Pursuant to Subsection 4.08(c)(ii):
(1) Portion of Excess Spread from Collateral Available Funds to be
allocated and distributed as provided in Part II hereof 1,160,982.89
J) Pursuant to Section 4.08(d):
(1) To the Collateral Interest Holder, Available Principal Collections,
if any, applied in accordance with the Loan Agreement 0.00
(2) Available Principal Collections, if any, to be treated as Shared
Principal Collections and distributed as provided in Section 4.13 0.00
K) To the Distribution Account for payment to the appropriate parties,
Pursuant to Section 4.08(e):
(1) The amount of Class A Monthly Principal 106,357,777.78
(2) The amount of Class B Monthly Principal 0.00
(3) The amount of Collateral Monthly Principal 7,394,925.73
(4) Amounts remaining, if any, to be treated as Shared Principal
Collections and applied in accordance with Section 4.13 0.00
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
II. APPLICATION OF EXCESS SPREAD AND EXCESS FINANCE CHARGE COLLECTIONS
Pursuant to Section 4.10, the Servicer does hereby instruct the Trustee to apply
on 09/14/00 which date is a Transfer Date under the Agreement, Excess Spread and
Excess Finance Charge Collections allocated to Series 1996-3 as set forth below:
A) Pursuant to Section 4.10(a):
(1) The amount equal to the Class A Required Amount, if any, to fund
any deficiency under Section 4.08(a), to be applied in
accordance with, and in the priority set forth in subsection 4.10(a) 0.00
B) To the Principal Account Pursuant to Section 4.10(b):
(1) Aggregate amount of Class A Investor Charge-Offs not previously
reimbursed pursuant to Section 4.09(a) (to be treated as Available
Principal Collections) 0.00
C) To the Distribution Account for payment to the Class B
Certificateholders Pursuant to Section 4.10(c):
(1) Class B Monthly Interest that is due and unpaid or overdue and
unpaid Class B Monthly Interest, but not available from Class B
Available Funds 0.00
(2) Class B Additional Interest that is overdue and unpaid, but
not available from Class B Available Funds 0.00
D) To the Servicer, Pursuant to Section 4.10(d)
If neither Chase USA nor any Affiliate thereof is the Servicer:
(1) The amount of Class B Servicing Fee for such monthly period and overdue
and unpaid Class B Servicing Fee not available from
Class B Available Funds N/A
E) Pursuant to Section 4.10(e):
(1) The Class B Investor Default Amount for such Transfer Date
(to be treated as a portion of Available Principal Collections) 183,454.48
F) Pursuant to Section 4.10(f):
(1) The amount by which Class B Investor Interest has been reduced
Pursuant to clauses (c), (d) and (e) of the definition thereof
(to be treated as a portion of Available Principal Collections) 0.00
G) To the Distribution Account for payment to the Collateral Interest
Holders, Pursuant to Section 4.10(g):
(1) Collateral Monthly Interest and any overdue and unpaid Collateral
Monthly Interest not available from Collateral Available Funds 423,856.26
(2) Collateral Additional Interest overdue and unpaid not available from
Collateral Available Funds 0.00
H) Pursuant to Section 4.10(h):
(1) Monthly Investor Servicing Fees that are due on such Transfer Date
and unpaid and any overdue and unpaid Monthly Investor Servicing Fees 1,916,222.95
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
I) Pursuant to Section 4.10(i):
(1) The Collateral Default Amount for the prior Monthly Period
(to be treated as a portion of Available Principal Collections) 298,123.34
J) To the Principal Account Pursuant to Section 4.10(j):
(1) The aggregate amount by which the Collateral Interest has
been reduced below the Required Collateral Interest (to be
treated as Available Principal Collections) 0.00
K) To the Reserve Account, Pursuant to the Loan Agreement
Pursuant to Section 4.10(k):
(1) All other amounts payable under Loan Agreement out of Excess
Spread and Excess Finance Charge Collections 0.00
L) To the Collateral Interest Holder, Pursuant to the Loan Agreement
Pursuant to Section 4.10(l):
(1) All other amounts payable under Loan Agreement out of Excess
Spread and Excess Finance Charge Collections 0.00
M) Pursuant to Section 4.10(m):
(1) The balance, if any, to be treated as Shared Excess Finance
Charge Collections and allocated to other Series in Group I
pursuant to Section 4.12 0.00
(2) The balance, if any, to the Holder of the Seller Certificate
pursuant to Section 4.12 5,088,052.38
III. REALLOCATED PRINCIPAL COLLECTIONS
Pursuant to Section 4.11, the Servicer does hereby instruct the Trustee to apply
from the Series 1996-3 Collection Subaccount on 09/14/00 which is a Transfer
Date under the Agreement, to apply Reallocated Principal Collections to fund any
deficiencies in the Class A Required Amount and the Class B Required Amount in
the following priority.
A) Pursuant to Section 4.11(a):
(1) The Class A Required Amount after applying Excess Spread and
Excess Finance, Finance Charge Receivables pursuant to Section
4.10, to be applied pursuant to subsections 4.08(a)(i), (ii) and (iii) 0.00
B) Pursuant to Section 4.11(b):
(1) The Class B Required Amount after applying Excess Spread and
Excess Finance, Finance Charge Receivables pursuant to Section,
4.10, to be applied pursuant to subsections 4.08(b)(i) and (ii) 0.00
IV. ACCRUED AND UNPAID AMOUNTS
After giving effect to the withdrawals and transfers to be made in accordance
with this notice, the following amounts will be accrued and unpaid with respect
to all Monthly Periods preceding the current calendar month:
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
A) The aggregate amount of the Class A Interest Shortfall 0.00
B) The aggregate amount of the Class B Interest Shortfall 0.00
C) The aggregate amount of the Collateral Interest Payment Shortfall 0.00
D) The aggregate amount of all accrued and unpaid Monthly Investor
Servicing Fees 0.00
E) Pursuant to Section 4.10:
The aggregate amount of all unreimbursed Investor Charge Offs 0.00
IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 8
day of Sep, 2000
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
----------------------------
Name: Patricia Garvey
Title: Vice President
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
EXHIBIT C
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-3
For the Distribution Date 09/15/00
For the Monthly Period 51
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June 1,
1991 and the Series 1996-3 Supplement dated as of June 1, 1996 (together, the
Agreement) by and between The Chase Manhattan Bank USA, N.A. (Chase) and Yasuda
Bank and Trust Company (U.S.A.), as trustee (the Trustee), Chase, as Servicer,
is required to prepare certain information each month regarding current
distributions to Series 1996-3 Certificateholders and the performance of the
Chase Manhattan Credit Card Master Trust (the Trust) and the Series 1996-3 Class
A Certificates and Series 1996-3 Class B Certificates during the previous month.
09/15/00
The information which is required to be prepared with respect to the
Distribution Date and with respect to Aug, 2000 the performance of the Trust
during the month (the Monthly Period) is set forth below. 51 Certain of the
information is presented on the basis of an original principal amount of $1,000
per Series 1996-3 Investor Certificate (a Certificate). Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used in this Certificate have their respective meanings
set forth in the Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A AND
CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-3 Certificateholders on 09/15/00
per $1,000 original certificate principal amount
(1) Class A Certificateholders 5.866667
(2) Class B Certificateholders 6.008333
B) The amount of the distribution set forth in paragraph 1 above in
respect of principal of the 1996-3 Certificates, per $1,000 original
certificate principal amount
(1) Class A Certificateholders 0.000000
(2) Class B Certificateholders 0.000000
C) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the 1996-3 Certificates, per $1,000 original
certificate principal amount
(1) Class A Certificateholders 5.866667
(2) Class B Certificateholders 6.008333
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect to the preceding
Monthly Period and allocated to the Series 1996-3 Certificates was equal to 158,647,895.82
(2) The Payment Rate with respect to the preceding Monthly
Period was equal to 14.01 %
The monthly payment rate for the 2nd preceding Monthly 50
Period was equal to 13.30 %
The monthly payment rate for the 3rd preceding Monthly 49
Period was equal to 13.61 %
(3)a. The aggregate amount of Collections of Principal Receivables
processed with respect to the preceding Monthly Period which
were allocated in respect of the Series 1996-3 Certificates 140,786,877.55
(3)b. The aggregate amount of Investor Defaults treated as
Available Principal Collections prusuant to sections 4.08 a.(iii), 4.10 (b),(e),(l) 4,586,446.93
(4) The aggregate amount of Collections of Finance Charge
Receivables processed with respect to the preceding Monthly
Period which were allocated in respect of the Series 1996-3 Certificates 17,861,018.27
B) Deficit Controlled Amortization Amount 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust as of the
end of the preceding Monthly Period (represented by the Seller
Interest, the Investor Interest of Series 1996-3,
and the Investor Interest of all other outstanding Series) 2,775,994,800.63
(2) The Investor Interest as of the last day of the preceding Monthly Period
(a) Investor Interest 1,069,519,786.10
(b) Class A Investor Interest 957,220,000.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 69,519,786.10
(3) The Investor Interest set forth in paragraph C(2)(a) above as a
percentage of the aggregate amount of Principal Receivables
set forth in paragraph C(1) above 38.5274%
(4) The Class A Investor Interest set forth in paragraph C(2)(b)
above as a percentage of the aggregate amount of Principal
Receivables set forth in paragraph C(1) above 34.4821%
(5) The Class B Investor Interest set forth in paragraph C(2)(c)
above as a percentage of the aggregate amount of Principal
Receivables set forth in paragraph C(1) above 1.5411%
(6) The Collateral Interest set forth in paragraph C(2)(d) above
as a percentage of the aggregate amount of Principal Receivables
set forth in paragraph C(1) above 2.5043%
(7) The Class A Floating Percentage 89.5000%
(8) The Class B Floating Percentage 3.9999%
(9) The Class B Principal Percentage 3.9999%
(10) The Collateral Floating Percentage 6.5001%
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
(11) The Collateral Principal Percentage 6.5001 %
(12) The Floating Allocation Percentage 38.6103 %
(13) The Principal Allocation Percentage 38.6103 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to 20.07 %
The annualized portfolio yield for the 2nd preceding Monthly 50
Period was equal to 18.96 %
The annualized portfolio yield for the 3rd preceding Monthly 49
Period was equal to 18.96 %
The three month average Portfolio Yield was equal to 19.33 %
(2) Base Rate for the preceding Monthly Period was equal to 9.20 %
The Base Rate for the 2nd preceding Monthly 50
Period was equal to 9.20 %
The Base Rate for the 3rd preceding Monthly 49
Period was equal to 9.20 %
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the preceding Monthly
Period:
Up to 29 Days
Aggregate Account Balance 131,578,623.55
As a Percentage of Receiveables 4.53 %
(2) 30 - 59 Days
Aggregate Account Balance 38,660,372.75
As a Percentage of Receiveables 1.33 %
(3) 60 - 89 Days
Aggregate Account Balance 26,749,383.52
As a Percentage of Receiveables 0.92 %
(4) 90 or More Days
Aggregate Account Balance 50,353,803.72
As a Percentage of Receiveables 1.73 %
Total
Aggregate Account Balance 247,342,183.54
As a Percentage of Receiveables 8.51 %
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal Receivables written off
as uncollectible with respect to Billing Cycles ending during the preceding
Monthly Period allocable to the Investor Interest less Recoveries
allocable to the Investor Interest (the Series
1996-3 Aggregate Investor Default Amount) 4,586,446.93
(2) The portion of the series 1996-3 Aggregate Investor Default Amount allocable
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
to the Class A Investor Interest (the Class A Investor Default Amount) 4,104,869.11
(3) The portion of the Series 1996-3 Aggregate Investor Default Amount
allocable to the Class B Investor Interest (the Class B
Investor Default Amount) 183,454.48
(4) The portion of the Series 1996-3 Aggregate Investor Default Amount
allocable to the Collateral Investor Interest (the Collateral
Investor Default Amount) 298,123.34
(5) The annualized investor default percentage (Series 1996-3 Aggregate
Investor Default Amount/Investor Interest) x 12 for the preceding
Monthly Period was equal to 5.15 %
The annualized investor default % for (the 2nd preceding Monthly Period), the 50
Monthly Period, was equal to 5.37 %
The annualized investor default % for (the 3rd preceding Monthly Period), the 49
Monthly Period, was equal to 5.20 %
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs for the preceding
Monthly Period 0.00
(2) The aggregate amount of Class A Investor Charge Off per $1,000 original Certificate
Principal Amount 0.00
(3) The aggregate amount of Class A Investor Charge-Offs reimbursed on the
Transfer Date immediately preceding the Distribution Date 0.00
(4) The amount of the reimbursed Investor Charge-Offs set forth in paragraph
G(2) above, per $1,000 original Class A Certificate principal amount 0.00
(5) The aggregate amount of Class B Investor Charge-Offs for such
Monthly Period 0.00
(6) The aggregate amount of Class B Investor Charge Off per $1,000 original Certificate
Principal Amount 0.00
(7) The aggregate amount of Class B Investor Charge-Offs reimbursed on the
Transfer Date immediately preceding such Distribution Date 0.00
(8) The amount of the reimbursed Investor Charge-Offs set forth in paragraph
G(6) above, per $1,000 original Class B Certificate principal amount 0.00
(9) The aggregate amount of Investor Charge-Offs 0.00
(10) The aggregate Investor Charge Off per $1,000 Original Certificate
Principal Amount 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs 0.00
(12) The amount of the reimbursed Investor Charge-Offs set forth in paragraph
G(9) above, per $1,000 original Investor principal amount 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections during
the preceding Monthly Period which were allocated to the Series 1996-3
Certificates 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1996-3 Certificates 0.00
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to Class B Certificates paid
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
with respect to Class A Certificates to make up deficiencies in Class
A Required Amount for any Monthly Period 0.00
(2) Collections of Principal Receivables allocable to Collateral Interest
paid with respect to Class B Certificates to make up deficiencies
in Class B Required Amount 0.00
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing Fee payable by
the Trust to the Servicer for the preceding Monthly Period 1,916,222.95
(2) The amount of the Class A Monthly Servicing Fee payable by
the Trust for the preceding Monthly Period 1,715,019.17
(3) The amount of the Class B Monthly Servicing Fee payable by
the Trust to the Servicer for the preceding Monthly Period 76,647.50
(4) The amount of the Collateral Monthly Servicing Fee payable by
the Trust to the Servicer for the preceding Monthly Period 124,556.28
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer Date
for the preceding Monthly Period was equal to 69,519,786.10
M) Required Collateral Interest
(1) The Required Collateral interest as of the Transfer Date for the
preceding Monthly Period was equal to 62,124,860.37
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be made on
the Distribution date(which represents the ratio of the amount of the
Investor Interest as of such Record Date (determined after taking into
account any reduction in the Investor Interest which will occur on the
Distribution Date) to the Initial Investor Interest). The amount of a
Certificateholders pro rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholders Certificate by the Pool Factor. 0.99308575
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
---------------------------
Name: Patricia Garvey
Title: Vice President
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
EXHIBIT D
Schedule 1996-3 to Monthly Servicers Certificate
FORM OF MONTHLY SERVICER(S) CERTIFICATE
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-3
For the Determination Date 09/08/00
For the Monthly Period 51
1. The aggregate amount of Collections processed during the preceding Monthly Period
(equal to 1(a) plus 1(b)) was equal to 158,647,895.82
(a) The aggregate amount of Collections of Finance Charge Receivables
collected during the preceding Monthly Period (the Collections of
Finance Charge Receivables) allocated to Series 1996-3 was equal to 17,861,018.27
(b) The aggregate amount of Collections of Principal Receivables collected
during the preceding Monthly Period (the Collections of Principal
Receivables) allocated to Series 1996-3 was equal to 140,786,877.55
(c) The aggregate amount of Investor Defaults treated as Available
Principal Collections pursuant to sections 4.08a(iii),4.10(b),(e),(l) 4,586,446.93
2. The aggregate amount of funds on deposit in the Finance Charge Account
with respect to Collections processed during such Monthly Period, and
allocated to Series 1996-3, as of the end of the last day of such
Monthly Period was equal to N/A
3. (a) The excess of (i) Collections of Finance Charge Receivables
allocated to Series 1996-3, over (ii) Estimated Collections of Billed
Finance Charge Receivables (1(a)-1(c)), if any, was equal to $ N/A [of
which $ 0.00] [none of which] will be withdrawn from the Finance Charge
Account and deposited to the Principal Account.
(b) The excess of (i) Estimated Collections of Billed Finance Charge
Receivables, over (ii) Collections of Finance Charge Receivables
allocated to Series 1996-3 (1(c)-1(a)) if any, was equal to $ N/A [of
which $ 0.00] [none of which] will be withdrawn from the Principal
Account and deposited to the Finance Charge Account.
4. The aggregate amount of funds which will be on deposit in the Finance
Charge Account on the Transfer Date relating to Series 1996-3 following
this Determination Date, after giving effect to the payments and
transfers in Items 3(a) and 3(b) will be 17,887,305.69
5. The aggregate amount of funds on deposit in the Principal Account with
respect to Collections processed during such Monthly Period and
allocated to Series 1996-3 as of the end of the last day of such
Monthly Period was equal to N/A
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
6. The aggregate amount of funds which will be on deposit in the Principal
Account on the Transfer Date following this Determination Date, after
giving effect to the payments and transfers in Items 3(a) and 3(b),
will be 7,394,925.73
The aggregate amount of funds on deposit in the Principal Funding
Account on the Transfer Date following this Determination Date, will be 106,357,777.78
7. The aggregate amount of funds on deposit in the Series 1996-3
Collection Subaccount as of the end of the last day of such Monthly
Period was equal to 0.00
8. The aggregate amount of funds on deposit in the Retention Subaccount
relating to Series 1996-3 as of the end of the last day of such Monthly
Period was equal to 0.00
9. (a) The aggregate amount of Interchange to be deposited to the
Collection Account and allocated to Series 1996-3 on the next
succeeding Transfer Date is equal to 1,695,308.23
(b) The amount of earnings (net of losses and investment expenses) on
funds on deposit in the Principal Account to be transferred from the
Retention Account to the Finance Charge Account on the next succeeding
Transfer Date is equal to 0.00
10. The aggregate amount of [withdrawals] [payments] required to be made
[from] [to] the [Collection Subaccount relating to the Series 1996-3
Certificates][the Retention subaccount relating to the Series 1996-3
Certificates] is equal to 0.00
11. The sum of all accounts payable to the Investor Certificateholders of
Series 1996-3 on the Distribution Date in the current Monthly Period is
equal to:
Payable in respect of principal of the Class A Certificates 0.00
Payable in respect of interest on the Class A Certificates 5,615,690.67
Payable in respect of principal of the Class B Certificates 0.00
Payable in respect of interest on the Class B Certificates 257,036.50
Payable in respect of principal of the Collateral Interest 7,394,925.73
Payable in respect of interest on the Collateral Interest 423,856.26
TOTAL 13,691,509.16
12. Series 1996-3 Pay Out Event Occurred NO
Trust Pay Out Event has Occurred NO
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
Schedule II
MONTHLY APPLICATION OF FUNDS CERTIFICATE
PURSUANT TO SECTION 2.10 OF THE LOAN AGREEMENT
THE CHASE MANHATTAN BANK USA, N.A.
----------------------------------------------------------
Chase Manhattan Credit Card Master Trust
Series 1996-3
----------------------------------------------------------
Monthly Period: 51
From: 08/01/00
To: 08/31/00
Interest Monthly Period: 08/15/00
To: 09/14/00
Number of days: 31
Distribution Date 09/15/00
Collateral Initial Interest 69,519,786.10
CA Investor Interest
CA Investor Principal Balance 69,519,786.10
Collateral Monthly Interest 69,519,786.10
Reallocated Collateral Principal Collections 0.00
Reductions other than Collateral Charge-offs 0.00
Collateral Charge-Offs 0.00
Available Funds
Amounts to be applied pursuant to Loan Agreement 423,856.26
Interest for Related Period on Spread Account Balance 58,969.03
Interest to CA Investors 423,856.26
Available Non-Principal Funds 482,825.29
Available Non Principal Funds from other Series 0.00
Available Principal Funds 7,394,925.73
Collateral Default Amount(during Amortization) 0.00
Collateral Charge-Offs(during Amortization) 0.00
Excess Principal Collections from other Series 0.00
Amounts available in Spread Account 10,695,197.86
Available funds to be Applied 7,877,751.03
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
Application of Available Funds:
Application of Available Non-Principal Funds: 482,825.29
(1) Interest to CA Investors: 423,856.26
LIBOR 6.61875 %
a) CA Investor Principal Balance up to Collateral Interest 58,824,588.24
x (LIBOR + 0.0050) 360,596.77
Spread Account Balance 10,695,197.86
x (LIBOR + 0.0025) 63,259.50
b) CA Investor Principal Charge-Offs x (Alternative Rate + 0.02) 0.00
c) CA Interest Shortfall x Alternative Rate 0.00
(2) [Reserved]
(3) Fees, Expenses and other Amounts 0.00
(4) Net Available Non-Principal Funds to Spread Account 0.00
(5) Remaining to Seller 58,969.03
Application of Available Principal Funds and Spread Account
During the revolving period, excess of CA Investor Principal Balance over
Required Collateral Invested Amount paid to CA Investor 0.00
Prior to payment in full of Class B Invested Amount, excess of CA Investor Principal
Balance over the Required Collateral Invested Amount paid to CA Investor 7,394,925.73
After payment in full of Class B Invested Amount, full amount paid to CA Investor 0.00
Remaining Funds to Chase 0.00
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Credit Card Master Trust Series 1996-3
September 15, 2000
Spread Account
Beginning Spread Account Amount 10,695,197.86
Plus Net Available Non-Principal Funds 0.00
Less Payments to CA Investors:
(1) Interest Deficiency 0.00
(2) Deficiencies in Fees, Expenses and other amounts 0.00
(3) After payment in full of Class B Invested Amount, excess of CA Investor
Principal Balance over Required Collateral Invested Amount paid to Agent 0.00
Total to CA Investor 0.00
Less Payments to Chase USA
(1) Excess of Spread Account over Spread Account Cap 0.00
Total to Chase 0.00
Ending Spread Account Amount 10,695,197.86
Cap Amount 10,695,197.86
Trigger Events
Monthly Excess Funds Percentage 5.7750 %
Current Period Excess Funds 5,147,021.41
Prior Period Excess Funds 4,014,574.34
Second Prior Period Excess Funds 4,112,756.37
Excess Funds for 3 Most Recent Monthly Periods 13,274,352.13
Average Invested Amount 1,069,519,786.10
Current Period Invested Amount 1,069,519,786.10
Prior Period Invested Amount 1,069,519,786.10
Second Prior Period Invested Amount 1,069,519,786.10
Monthly Payment (Principal and Finance Charge)Percentage 14.0053 %
Current Period Payment Amount 158,647,895.82
Prior Period Payment Amount 150,319,612.00
Second Prior Period Payment Amount 153,718,287.65
Trigger: Yes or No (Y/N) N
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION