CHASE MANHATTAN MARINE 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 1,946,670.92
II. All Liquidation Proceeds on the Contracts with respect to Principal 27,594.72
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 57,414.39
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 4,944.65
VIII. Transfers to the Pay-Ahead Account (9,215.16)
IX. Less: Investment Earnings distributions 309,153.00
(a) To Sellers with respect to the Collection Account 0.00
(b) To Sellers with respect to the Pay-Ahead Account -258.75
Total available amount in Collection Account $2,027,150.77
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DISTRIBUTION AMOUNTS Cost per $1000
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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 4,690.75
(b) Class A-4 Note Principal Distribution 900,624.03
Aggregate Class A-4 Note Distribution 24.27117373 905,314.78
5. (a) Class A-5 Note Interest Distribution 156,755.00
(b) Class A-5 Note Principal Distribution 440,732.26
Aggregate Class A-5 Note Distribution 20.39205666 597,487.26
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 34,109.44
(b) Reimbursement of prior Monthly Advances 94,467.28
Total Servicer Payment 128,576.72
10. Deposits to the Reserve Account 109,289.18
Total Distribution Amount from Collection Account $2,027,150.77
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Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess Collections 55,300.33
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(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 53,988.85
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 14,206.26
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 13,869.35
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 137,364.79
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Payahead Account distributions to Sellers
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(a) Distribution from the Payahead Account to the Sellers(Chase USA) 130.9275
(b) Distribution from the Payahead Account to the Sellers(Chase Manhattan Bank) 127.8225
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 258.75
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% 4690.75
(e) Class A-5 Notes @6.420% 156,755.00
(f) Class A-6 Notes @6.500% 128375
Aggregate Interest on Class A Notes 289820.75
(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 0.12575737 4690.75
(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 289820.75
(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 882753.49
2. Amount of Principal Prepayment Collected 46.00 395419.3
3. Amount of Liquidated Contract 8 63183.5
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4. Amount of Repurchased Contract 0 0.0000000
Total Formula Principal Distribution Amount 1,341,356.29
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 0.0241454 900,624.03
(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 24.14541635 900,624.03
(e) Class A-5 Notes 15.04205666 440,732.26
(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 0.0000000 0.00
(e) Class A-5 Notes 0.9849579 28,859,267.74
(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 36922 3,027 80,521,296.99
2. Delinquency Information % Delinquent
(a) 31-59 Days 68 1,170,207.56 0.014532895
(b) 60-89 Days 13 192079.04 0.002385444
(c) 90-119 Days 7 231,738.97 0.002877984
(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 8 63,183.50
(b) Net Liquidation Proceeds on any Liquidated Receivables 27,594.72
Total Aggregate Net Losses for the preceding Collection Period 35588.78
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 502656.49
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 463 4349208.760
8. Weighted Average Contract Rate of all Outstanding Contracts 0.092271871
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9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 114.7477689
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TRIGGER ANALYSIS
1. (a) Average 60+ Delinquency Percentage 1.032%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.000229137
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.000429369
3. (a) Servicer Replacement Percentage 0.000375049
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(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
1. Monthly Servicing Fees 34,109.44
2. Servicer Advances 57414.39
3. (a) Opening Balance of the Reserve Account 5325240.59
(b) Deposits to the Reserve Account 109289.18
(c) Investment Earnings in the Reserve Account 28075.61
(d) Distribution from the Reserve Account -137364.79
(e) Ending Balance of the Reserve Account 5325240.59
4. Specified Reserve Account Balance 5325240.59
5. (a) Opening Balance in the Pay-Ahead Account 51737.88
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