CHASE MANHATTAN RV OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 1/31/01
Determination Date 2/12/01
Distribution Date 2/15/01
I. All Payments on the Contracts 7,864,535.74
II. All Liquidation Proceeds on the Contracts with respect to Principal 293,809.35
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 177,377.32
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 100,328.43
VIII. Transfers to the Pay-Ahead Account (74,834.87)
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 0.00
Total available amount in Collection Account $8,361,215.97
==============
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 0.00
(b) Class A-6 Note Principal Distribution 0.00
Aggregate Class A-6 Note Distribution 0.00000000 0.00
7. (a) Class A-7 Note Interest Distribution 226,668.31
(b) Class A-7 Note Principal Distribution 6,177,082.62
Aggregate Class A-7 Note Distribution 112.34650753 6,403,750.93
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
(a) Servicing Fee 125,081.37
(b) Reimbursement of prior Monthly Advances 351,437.48
Total Servicer Payment 476,518.85
13. Deposits to the Reserve Account 128,666.89
Total Distribution Amount $8,361,215.97
=============
Page 1 of 4
Reserve Account distributions:
- --------------------------------------------
(a) Amounts to the Sellers (Chase USA) from Excess Collections 16,507.96
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 112,158.93
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 6,068.52
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 41,230.96
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) = $ 175,966.37
=============
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% 0.00
(g) Class A-7 Notes @ 6.140% 226,668.31
(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 1,334,268.31
(k) Class B Certificates @ 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 0.00000000 0.00
(g) Class A-7 Notes 3.97663700 226,668.31
(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 1,334,268.31
(k) Class B Certificates 5.45000000 244,679.31
PRINCIPAL
- --------------------------------------------
No. of Contracts
-----------------------
1. Amount of Stated Principal Collected 3,206,748.45
2. Amount of Principal Prepayment Collected 163 2,261,751.87
3. Amount of Liquidated Contract 19 708,582.30
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 6,177,082.62
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
(e) Class A-5 Notes 0.0000000 0.00
(f) Class A-6 Notes 0.0000000 0.00
(g) Class A-7 Notes 0.7771929 44,299,995.27
(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
Page 2 of 4
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 0.00000000 0.00
(g) Class A-7 Notes 108.36987053 6,177,082.62
(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 0.0000000 0.00
(g) Class A-7 Notes 0.6688230 38,122,912.65
(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
- -------------------------------------------- No. of Contracts Principal Balance
---------------- -----------------
1. Pool Stated Principal Balance as of 1/31/2001 11,331 284,018,198.19
2. Delinquency Information % Delinquent
------------
(a) 31-59 Days 135 3,025,447.30 1.029%
(b) 60-89 Days 41 855,835.95 0.291%
(c) 90-119 Days 27 683,546.59 0.232%
(d) 120 Days + 70 2,188,330.63 0.744%
3. Contracts Repossessed during the Due Period 15 469,303.51
4. Current Repossession Inventory 25 798,952.15
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 19 708,582.30
(b) Net Liquidation Proceeds on any Liquidated Receivables 293,809.35
------------
Total Aggregate Net Losses for the preceding Collection Period 414,772.95
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 4,027,093.65
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 848 12,800,027.60
8. Weighted Average Contract Rate of all Outstanding Contracts 9.206%
9. Weighted Average Remaining Term to Maturity of all Outstanding 95.640
Contracts
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TRIGGER ANALYSIS
- --------------------------------------------
1. (a) Average Delinquency Percentage 1.621%
(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) 0.100%
3. (a) Servicer Replacement Percentage 0.121%
(b) Servicer Replacement Trigger in effect? NO
MISCELLANEOUS
- --------------------------------------------
1. Monthly Servicing Fees 125,081.37
2. Servicer Advances 177,377.32
3. (a) Opening Balance of the Reserve Account 8,973,952.86
(b) Deposits to the Reserve Account 128,666.89
(c) Investment Earnings in the Reserve Account 47,299.45
(d) Distribution from the Reserve Account (175,966.37)
(e) Ending Balance of the Reserve Account 8,973,952.83
4. Specified Reserve Account Balance 8,973,952.86
5. (a) Opening Balance in the Pay-Ahead Account 306,785.94
(b) Deposits to the Pay-Ahead Account from the Collection Account 74,834.87
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to the Collection Account (100,328.43)
(e) Ending Balance in the Pay-Ahead Account 281,292.38
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