SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------------
FORM 10-K
FOR ANNUAL AND TRANSITION REPORTS
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
- ----- SECURITIES EXCHANGE ACT OF 1934.
For the Fiscal Year Ended: December 31, 2000
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
- ----- SECURITIES EXCHANGE ACT OF 1934.
For the transition period from ___________ to ___________
Commission file number 333-32263
Chase Manhattan RV Owner Trust 1997-A (issuer)
The Chase Manhattan Bank USA, National Association (depositor)
(Exact name of registrant as specified in its charter)
USA 22-2382028
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
200 White Clay Center Drive, Newark, DE 17911
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5000
The Chase Manhattan Bank (Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
New York 13-4994650
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
270 Park Avenue, New York, NY 10017
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Name of Each Exchange of Which Registered
NONE N/A
Securities registered pursuant to Section 12(g) of the Act:
Title of Each Class
NONE
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant to file such reports), and (2) has been subject to such filing
requirements for the last 90 days: YES X NO
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Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K or any amendment to this Form 10-K. X
---
State the aggregate market value of the voting and non-voting common
equity held by non-affiliates of the registrants. The aggregate market value
shall be computed by reference to the price at which the common equity was sold,
or the average bid and asked prices of such common equity, as of a specified
date within 60 days prior to the date of filing.
The registrant has no voting or non-voting common equity outstanding as of
the date of this report.
The registrant is a trust that has issued certificates of beneficial
interest in the trust assets.
DOCUMENTS INCORPORATED BY REFERENCE.
List hereunder the following documents if incorporated by reference and
the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document
is incorporated: (1) any annual report to security holders; (2) any proxy or
information statement; and (3) any prospectus filed pursuant to Rule 424(b) or
(c) under the Securities Act of 1933. The listed documents should be clearly
described for identification purposes.
None.
Introductory Note
Chase Manhattan RV Owner Trust 1997-A (the "Trust") was formed pursuant
to a Trust Agreement (as amended, the "Agreement") among The Chase Manhattan
Bank and Chase Manhattan Bank USA, National Association (the "Bank"), as
sellers, and an unrelated trustee (the "Trustee"). The Trust files reports
pursuant to Section 13 and 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), in the manner described in "no-action" letters
submitted to the Office of the Chief Counsel on behalf of the originators of
comparable trusts. Accordingly, responses to certain Items have been omitted
from or modified in this Annual Report on Form 10-K.
Part I
Item 1. Business
Omitted.
Item 2. Properties
The Trust has acquired certain RV loan receivables from the Bank
pursuant to a Sale and Servicing Agreement (the "Sale and Servicing Agreement").
The aggregate amount of Losses on all liquidated receivables with respect to the
assets of the Trust for the year ended December 31, 2000 was $7,110,557.64. As
of December 31, 2000, the aggregate Pool Balance of Receivables in the Trust was
$300,195,280.81, and the aggregate principal balances of delinquent Receivables
in the Trust were as follows:
Delinquency Principal Balance
----------- -----------------
31 - 59 days $2,774,526.00
60 - 89 days $1,077,341.63
90 - 119 days $ 935,082.97
120 + days $2,153,518.60
Item 3. Legal Proceedings
The registrant knows of no material pending legal proceedings with
respect to the Trust, the Trustee or the bank.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of security holders during the fiscal
year covered by this report.
Part II
Item 5. Market for Registrant's Common Equity and Related Stockholders
Matters
The registrant has no voting stock or class of common stock outstanding
as of the date of this report. The beneficial interest in the Trust is
represented by its Class B certificates of beneficial interest (the
"Certificates"). The Trust also has four outstanding classes of debt securities
(the "Notes"), as set forth below. To the knowledge of the registrant, the
Certificates and the Notes are traded in the over-the-counter market to a
limited extent.
As of December 31, 2000, all of the Certificates and the Notes were
registered in the name of CEDE and Co. The registrant understands that CEDE and
Co. is the nominee for the Depository Trust Company ("DTC"). The registrant
further understands that DTC has no knowledge of the actual beneficial owners of
the Certificates and the Notes held of record by CEDE & Co., and that DTC knows
only the identity of the participants to whose accounts such Certificates and
Notes are credited, who may or may not be the beneficial owners of the
Certificates and the Notes. The Commission has concurred with the registrant's
position that the registrant may consider holders of interests in the DTC System
or DTC participants to be "holders of record" and on that basis:
Class No. of Holders
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A7 12
A8 8
A9 9
A10 15
B 3
Item 6. Selected Financial Data
Omitted.
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations
Omitted.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Not applicable.
Item 8. Financial Statements and Supplementary Data
Omitted.
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure
None.
Part III
Item 10. Directors and Executive Officers of the Registrant
Omitted.
Item 11. Executive Compensation
Omitted.
Item 12. Security Ownership of Certain Beneficial Owners and Management
The records of DTC indicate that as of December 31, 2000, there were
the following holders of record with more than 5% of each class of Certificates
and Notes:
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Chase Manhattan RV Owner Trust Name & Address of Participant Original Certificate % of Class
Principal Balance
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Series 1997-A
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Class A7 Bank of America, National Assoc.
1401 Elm St., 16th Fl. $3,000,000 5.26%
Dallas, TX 75202
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Bank One Trust Co. N.A.
1900 Polaris Parway - 4th Floor $7,000,000 12.28%
Columbus, OH 43240
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Chase Manhattan Bank
4 New York Plaza $9,000,000 15.79%
13th Floor
New York, NY 10004
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Investors Bank & Trust Company
200 Claredon Street $13,000,000 22.81%
15th Fl Hancock Tower
Boston, MA 02116
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SSB-Bank Portfolio
1776 Heritage Dr. $20,000,000 35.09%
No. Quincy, MA 02171
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Class A8 Bankers Trust Company
648 Grassmere Park Drive $17,210,000 20.25%
Nashville, TN 37211
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Citibank, N.A.
3800 Citicorp Center Tampa $30,000,000 35.29%
Tampa, FL 33630-9122
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Northern Trust Company (The)
801 S. Canal C-IN $5,000,000 5.88%
Chicago, IL 60607
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SSB-Bank Portfolio
1776 Heritage Dr. $16,360,000 19.25%
No. Quincy, MA 02171
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U.S. Bank National Association
MPFP 1603 Proxy Unit $5,500,000 17.65%
601 Second Avenue South
Minneapolis, MN 55402
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Class A9 Bankers Trust Company
648 Grassmere Park Drive $15,700,000 25.74%
Nashville, TN 37211
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Boston Safe Deposit and Trust
Company $12,400,000 20.33%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
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Citibank, N.A. $5,000,000 8.20%
3800 Citicorp Center Tampa
Tampa, FL 33630-9122
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Northern Trust Company (The)
801 S. Canal C-IN $3,160,000 5.18%
Chicago, IL 60607
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State Street Bank and Trust Co.
1776 Heritage Dr. $10,000,000 16.39%
Global Corp. Action Unit JAB 5 NW
No. Quincy, MA 02171
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SSB - Bank Portfolio
1776 Heritage Dr. $11,550,000 18.93%
No. Quincy, MA 02171
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Class A10 Bank of New York (The)
925 Patterson Plank Rd. $7,000,000 10.77%
Secaucus, NJ 07094
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Bank One Trust Co. N.A.
1900 Polaris Parway - 4th Floor $8,700,000 13.38%
Columbus, OH 43240
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Chase Manhattan Bank
4 New York Plaza $9,750,000 15.00%
13th Floor
New York, NY 10004
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Credit Suisse First Boston
Corporation $5,450,000 8.38%
c/o ADP Proxy Services
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Goldman, Sachs & Co.
180 Maiden Lane $13,625,000 20.96%
New York, NY 10038
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Harris Trust & Savings Bank
Proxy Operations $3,700,000 5.69%
111 West Monroe Street
Chicago, IL 60603
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State Street Bank and Trust Co.
1776 Heritage Dr. $6,000,000 9.23%
Global Corp. Action Unit JAB 5 NW
No. Quincy, MA 02171
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Union Bank of California, N.A.
P.O. Box 109 $3,600,000 5.54%
San Diego, CA 92112-4103
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Class B Chase Manhattan Bank
4 New York Plaza $23,100,000 51.45%
13th Floor
New York, NY 10004
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Citibank, N.A.
P.O. Box 30576 $10,000,000 22.27%
Tampa, FL 33630-3576
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State Street Bank and Trust Co.
1776 Heritage Dr. $11,795,000 26.27%
Global Corp. Action Unit JAB 5 NW
No. Quincy, MA 02171
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Item 13. Certain Relationships and Related Transactions
None.
Part IV
Item 14. Exhibits, Financial Statement Schedules, and Reports of
Form 8-K
(a) Exhibits. The following documents are filed as part
of this Annual on Form 10-K.
Exhibit Number Description
-------------- -----------
23.1 Independent Accountant's Consent.
99.1 Annual Servicer's Certificate pursuant to Section
4.9 of the Sale and Servicing Agreement.
99.2 Annual Management's Assertion.
99.3 Annual Independent Accountant's Report pursuant to
Section 4.11 of the Sale and Servicing Agreement.
99.4 Annual Issuer's Certificate of Compliance with Indenture.
(b) Reports on Form 8-K.
The following reports were filed on Form 8-K during the last quarter of
2000:
Date Items Reported Financial Statements
- ---- -------------- --------------------
10/25/2000 5, 7 Monthly report to certificateholders
dated 10/16/2000
11/29/2000 5, 7 Monthly report to certificateholders
dated 11/15/2000
12/29/2000 5, 7 Monthly report to certificateholders
dated 12/15/2000
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Dated: March 30, 2001
Chase Manhattan RV Owner Trust 1997-A
by: The CIT Group/Financing Inc.,
as Servicer
By: /s/ Gilmar Rodrigues
-----------------------------------
Name: Gilmar Rodrigues
Title: Vice President
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO
SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy or other proxy soliciting
material has been sent to Certificateholders during the period covered by this
Annual Report on Form 10-K and the registrant does not intend to furnish such
materials to Certificateholders subsequent to the filing of this report.
INDEX TO EXHIBITS
Exhibit Number: Description:
- --------------- ------------
23.1 Independent Accountant's Consent.
99.1 Annual Servicer's Certificate pursuant to Section 4.9
of the Sale and Servicing Agreement.
99.2 Annual Management's Assertion.
99.3 Annual Independent Accountant's Report
pursuant to Section 4.10 of the Sale and Servicing
Agreement.
99.4 Annual Issuer's Certificate of Compliance with
Indenture.