SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: November 15, 1999
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN AUTO TRUST 1998-C
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(Issuer)
Delaware 333-36939 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
Item 5. Other Events:
Chase Manhattan Auto Owner Trust 1998-C is the issuer of four classes of
Asset Backed Notes and a single class of Asset Backed Certificates. The notes
and certificates are serviced in accordance with the Sale and Servicing
Agreement, dated as of June 1, 1998, as amended. The parties to the Sale and
Servicing Agreement are: Chase Manhattan Bank USA, National Association, as
seller and as servicer, and Chase Manhattan Owner Trust, as issuer.
On November 15, 1999, Chase USA, as servicer, distributed monthly interest
to the holders of the notes and certificates. Chase USA furnished a copy of the
monthly Statement to Certificateholders for each of the series as required by
the Sale and Servicing Agreement. A copy of the monthly Statement to
Certificateholders is being filed as Exhibit 20.1 to this Current Report on Form
8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Statement to Certificateholder with respect to
the November 15, 1999 distribution.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: November 30, 1999
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Statement to Certificateholders dated 11/15/1999
delivered pursuant to Section 5.8 of the Sale and
Servicing Agreement dated as of June 1, 1998.
Chase Manhattan Auto Owner Trust 1998-C
Statement to Certificateholders
November 15, 1999
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DISTRIBUTION IN DOLLARS
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ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
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A1 258,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 195,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 325,000,000.00 313,238,659.05 22,236,963.85 1,513,986.85 23,750,950.70 0.00 0.00 291,001,695.20
A4 283,900,000.00 283,900,000.00 0.00 1,384,012.50 1,384,012.50 0.00 0.00 283,900,000.00
B1 32,889,211.45 26,494,530.81 687,741.15 132,472.65 820,213.80 0.00 0.00 25,806,789.66
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TOTALS 1,094,789,211.45 623,633,189.86 22,924,705.00 3,030,472.00 25,955,177.00 0.00 0.00 600,708,484.86
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
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A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.588000 %
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.747000 %
A3 963.81125862 68.42142723 4.65842108 73.07984831 895.38983138 A3 5.800000 %
A4 1,000.00000000 0.00000000 4.87500000 4.87500000 1,000.00000000 A4 5.850000 %
B1 805.56904960 20.91084339 4.02784512 24.93868852 784.65820621 B1 6.000000 %
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TOTALS 569.63768307 20.93983459 2.76808720 23.70792179 548.69784848
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IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Mark McDermott
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7016
Email: mark.mcdermott@chase.com
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
November 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
Due Period 17
Due Period Beginning Date 10/01/99
Due Period End Date 10/31/99
Determination Date 11/10/99
Section 5.8(iii) Servicing Fee 519,694.32
Section 5.8(iii) Servicing Fee per $1000 0.47469806
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00091342
Section 5.8(vi) Pool Balance at the end of the Collection Period 600,708,484.86
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 70,368.65
TOTAL 70,368.65
Section 5.8(viii) Realized Net Losses for Collection Period 34,918.47
Section 5.8(ix) Reserve Account Balance after Disbursement 18,021,254.55
Section 5.8(x) Specified Reserve Account Balance 18,021,254.55
Section 5.8(xi) Total Distribution Amount 27,410,379.18
Servicing Fee 519,694.32
Administration Fee 1,000.00
Noteholders Distribution Amount 25,134,963.20
Certficateholders Distribution Amount 820,213.80
Deposit to Reserve Account 934,507.86
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION