CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 03/31/2001
Determination Date 04/11/2001
Distribution Date 04/16/2001
I. All Payments on the Contracts 3,079,863.76
II. All Liquidation Proceeds on the Contracts with respect to Principal 43,274.94
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 50,237.48
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 7,805.46
VIII. Transfers to the Pay-Ahead Account (5,586.66)
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 -219.09
Total available amount in Collection Account $3,175,375.89
=========================
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 147,160.67
(b) Class A-5 Note Principal Distribution 2,455,337.80
Aggregate Class A-5 Note Distribution 88.82247338 2,602,498.47
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 32,986.96
(b) Reimbursement of prior Monthly Advances 76,010.98
Total Servicer Payment 108,997.94
10. Deposits to the Reserve Account 177,396.65
Total Distribution Amount from Collection Account $3,175,375.89
=========================
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Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess Collections 89,762.70
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 87,633.95
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 12,055.23
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 11,769.33
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 201,221.21
=========================
Payahead Account distributions to Sellers
- --------------------------------------------
(a) Distribution from the Payahead Account to the Sellers(Chase USA) 110.85954
(b) Distribution from the Payahead Account to the Sellers(Chase Manhattan Bank) 108.23046
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 219.09
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% 0
(e) Class A-5 Notes @ 6.420% 147,160.67
(f) Class A-6 Notes @ 6.500% 128375
Aggregate Interest on Class A Notes 275535.67
(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
-----------------------
(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 0.00000000 0
(e) Class A-5 Notes 5.02254846 147,160.67
(f) Class A-6 Notes 5.41666667 128375
Total Aggregate Interest on Class A Notes 275535.67
(g) Class B Notes 5.566666667 59,285.00
- --------------------------------------------
(h) Class C Notes 5.71 98822.83
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PRINCIPAL
No. of Contracts
1. Amount of Stated Principal Collected 1022315.09
2. Amount of Principal Prepayment Collected 91.00 1432141.24
3. Amount of Liquidated Contract 1 881.47
------
4. Amount of Repurchased Contract 0 0.0000000
Total Formula Principal Distribution Amount 2,455,337.80
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 0.9387941 27,506,667.85
(f) Class A-6 Notes 1 23700000
(g) Class B Notes 1 10,650,000.00
(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 0.00000000 0.00
(e) Class A-5 Notes 83.79992491 2,455,337.80
(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 0.8549942 25,051,330.05
(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 36981 2,894 76,713,359.30
2. Delinquency Information % Delinquent
(a) 31-59 Days 58 1,378,957.93 0.01797546
(b) 60-89 Days 11 214806.76 0.002800122
(c) 90-119 Days 8 65,352.42 0.000851904
(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 1 881.47
(b) Net Liquidation Proceeds on any Liquidated Receivables 43,274.94
Total Aggregate Net Losses for the preceding Collection Period -42393.47
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) -3249.95
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 468 4293223.960
8. Weighted Average Contract Rate of all Outstanding Contracts 0.092006417
- --------------------------------------------
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 113.8343977
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TRIGGER ANALYSIS
1. (a) Average 60+ Delinquency Percentage 0.845%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio -4.73866E-05
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) -9.41059E-05
3. (a) Servicer Replacement Percentage -0.00044676
- --------------------------------------------
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
1. Monthly Servicing Fees 32,986.96
2. Servicer Advances 50237.48
3. (a) Opening Balance of the Reserve Account 5325240.59
(b) Deposits to the Reserve Account 177396.65
(c) Investment Earnings in the Reserve Account 23824.56
(d) Distribution from the Reserve Account -201221.21
(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 51443.45
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