Chase Manhattan Credit Card Master Trust Series 1996-3
January 16, 2001
EXHIBIT C
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-3
Page 1
For the Distribution Date 01/16/01
For the Monthly Period 55
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. 01/16/01
The information which is required to be prepared with respect to the Distribution Date and with respect to December, 2000
the performance of the Trust during the month (the Monthly Period) is set forth below. 55
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 AAND
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 01/16/01
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
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Page 2
Chase Manhattan Credit Card Master Trust Series 1996-3
January 16, 2001
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 141,155,576.51
(2) The Payment Rate with respect to the preceding Monthly
Period was equal to 13.07%
The monthly payment rate for the 2nd preceding Monthly 54
Period was equal to 13.09%
The monthly payment rate for the 3rd preceding Monthly 53
Period was equal to 13.67%
(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 131,339,587.76
(3)b. The aggregate amount of Investor Defaults treated as
Available Principal Collections prusuant to sections 4.08 a.(iii), 4.10 (b),(e),(I) 3,106,761.58
(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 9,815,988.75
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) 2,820,038,605.98
(2) The Investor Interest as of the last day of the preceding Monthly Period
(a) Investor Interest 1,039,943,291.74
(b) Class A Investor Interest 957,220,000.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 39,943,291.74
(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 36.8769
(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 33.9435
(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 1.5170%
(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 1.416409
(7) The Class A Floating Percentage 86.5384
(8) The Class B Floating Percentage 6.9616
(9) The Class B Principal Percentage 3.9999
(10) The Collateral Floating Percentage 6.5000
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Chase Manhattan Credit Card Master Trust Series 1996-3
January 16, 2001
(11) The Collateral Principal Percentage 6.5001%
(12) The Floating Allocation Percentage 22.1987%
(13) The Principal Allocation Percentage 38.6355%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to 14.24%
The annualized portfolio yield for the 2nd preceding Monthly 54
Period was equal to 15.30%
The annualized portfolio yield for the 3rd preceding Monthly 53
Period was equal to 17.37%
The three month average Portfolio Yield was equal to 15.63%
(2) Base Rate for the preceding Monthly Period was equal to 8.32%
The Base Rate for the 2nd preceding Monthly 54
Period was equal to 8.54%
The Base Rate for the 3rd preceding Monthly 53
Period was equal to 8.76%
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 141,132,155.69
As a Percentage of Receivables 4.77%
(2) 30 - 59 Days
Aggregate Account Balance 43,034,880.74
As a Percentage of Receivables 1.45%
(3) 60 - 89 Days
Aggregate Account Balance 34,150,685.12
As a Percentage of Receivables 1.15%
(4) 90 or More Days
Aggregate Account Balance 63,484,513.88
As a Percentage of Receivables 2.15%
Total
Aggregate Account Balance 281,802,235.43
As a Percentage of Receivables 9.53%
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) 3,106,761.58
(2) The portion of the series 1996-3 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the Class A Investor Default Amount) 2,688,541.16
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Chase Manhattan Credit Card Master Trust Series 1996-3
January 16, 2001
(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) 216,280.92
(4) The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the Collateral Investor Default Amount) 201,939.50
(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 3.58%
The annualized investor default % for (the 2nd preceding 54
Monthly Period), the Monthly Period, was equal to 3.52%
The annualized investor default % for (the 3rd preceding 53
Monthly Period), the Monthly Period, was equal to 4.21%
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 with respect to Class A Certificates
to make up deficiencies in Class A Required Amount for
any Monthly Period 0.00
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Chase Manhattan Credit Card Master Trust Series 1996-3
January 16, 2001
(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 1,101,000.99
(2) The amount of the Class A Monthly Servicing Fee payable
by the Trust for the preceding Monthly Period 952,788.43
(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 71,565.06
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of
Transfer Date for the preceding Monthly Period was equal
to 39,943,291.74
M) Required Collateral Interest
(1) The Required Collateral interest as of the Transfer Date
for the preceding Monthly Period was equal to 39,943,291.74
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. 0.96543276
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By:
--------------------------------
Name: Patricia Garvey
Title: Vice President
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