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Chase Manhattan Credit Card Master Trust Series 1996-3
April 16, 2001
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EXHIBIT C
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust Series 1996-3
For the Distribution Date 04/16/01
For the Monthly Period 58
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.
The information which is required to be prepared with respect to the
Distribution Date and with respect to the performance of the Trust during the
month (the Monthly Period) is set forth below. 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 04/16/01
terms used in this Certificate have their respective meanings set forth in the March, 2001
Agreement. 58
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A AND
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 04/16/01
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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Chase Manhattan Credit Card Master Trust Series 1996-3
April 16, 2001
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II. 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 142,790,070.20
(2) The Payment Rate with respect to the preceding Monthly
Period was equal to 13.72%
The monthly payment rate for the 2nd preceding Monthly 57
Period was equal to 12.01%
The monthly payment rate for the 3rd preceding Monthly 56
Period was equal to 14.16%
(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 138,033,453.61
(3)b. The aggregate amount of Investor Defaults treated as
Available Principal Collections pursuant to
sections 4.08 a.(iii), 4.10 (b),(e),(I) 1,362,475.96
(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 4,756,616.59
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) 2,676,287,016.23
(2) The Investor Interest as of the last day of the preceding Monthly Period
(a) Investor Interest 1,032,085,593.58
(b) Class A Investor Interest 957,220,000.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 32,085,593.58
(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 38.5641%
(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 35.7667%
(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 1.5985%
(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 1.198885%
(7) The Class A Floating Percentage 73.9671%
(8) The Class B Floating Percentage 14.8758%
(9) The Class B Principal Percentage 3.9999%
(10) The Collateral Floating Percentage 11.1571%
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(11) The Collateral Principal Percentage 6.5001%
(12) The Floating Allocation Percentage 10.5940%
(13) The Principal Allocation Percentage 39.3994%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to 10.63%
The annualized portfolio yield for the 2nd preceding Monthly 57
Period was equal to 11.07%
The annualized portfolio yield for the 3rd preceding Monthly 56
Period was equal to 13.00%
The three month average Portfolio Yield was equal to 11.57%
(2) Base Rate for the preceding Monthly Period was equal to 7.60%
The Base Rate for the 2nd preceding Monthly 57
Period was equal to 7.83%
The Base Rate for the 3rd preceding Monthly 56
Period was equal to 8.06%
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 130,582,265.65
As a Percentage of Receiveables 4.65%
(2) 30 - 59 Days
Aggregate Account Balance 39,471,575.78
As a Percentage of Receiveables 1.40%
(3) 60 - 89 Days
Aggregate Account Balance 28,918,253.83
As a Percentage of Receiveables 1.03%
(4) 90 or More Days
Aggregate Account Balance 62,454,542.71
As a Percentage of Receiveables 2.22%
Total
Aggregate Account Balance 261,426,637.97
As a Percentage of Receiveables 9.30%
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) 1,362,475.96
(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) 1,007,784.52
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April 16, 2001
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(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) 202,679.22
(4) The portion of the Series 1996-3 Aggregate Investor Default Amount
allocable to the Collateral Investor Interest (the Collateral
Investor Default Amount) 152,012.22
(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 1.58%
The annualized investor default % for (the 2nd preceding Monthly Period), the 57
Monthly Period, was equal to 2.03%
The annualized investor default % for (the 3rd preceding Monthly Period), the 56
Monthly Period, was equal to 2.46%
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
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A Required Amount for any Monthly Period 0.00
(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 515,249.56
(2) The amount of the Class A Monthly Servicing Fee payable by
the Trust for the preceding Monthly Period 381,115.37
(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 57,486.69
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer Date
for the preceding Monthly Period was equal to 32,085,593.58
M) Required Collateral Interest
(1) The Required Collateral interest as of the Transfer Date for the
preceding Monthly Period was equal to 32,085,593.58
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. 0.96499907
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By:
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Name: Patricia Garvey
Title: Vice President