CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 7/31/01
Determination Date 8/10/01
Distribution Date 8/15/01
I. All Payments on the Contracts 2,773,981.96
II. All Liquidation Proceeds on the Contracts with respect to Principal 36,482.49
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 50,237.99
VI. Distribution from the Reserve Account 29,327.57
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 18,940.66
VIII. Transfers to the Pay-Ahead Account (8,482.29)
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 -163.37
Total available amount in Collection Account $2,900,325.01
==============
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 99,038.24
(b) Class A-5 Note Principal Distribution 2,419,317.35
Aggregate Class A-5 Note Distribution 85.95070273 2,518,355.59
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 29,239.10
(b) Reimbursement of prior Monthly Advances 66,247.49
Total Servicer Payment 95,486.59
10. Deposits to the Reserve Account 0.00
Total Distribution Amount from Collection Account $2,900,325.01
=============
Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess Collections 0.00
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(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 0.00
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 0.00
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan
Bank) 0.00
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 0.00
==============
Payahead Account distributions to Sellers
- ------------------------------------
(a) Distribution from the Payahead Account to the Sellers(Chase USA) 82.66522
(b) Distribution from the Payahead Account to the Sellers(Chase Manhattan
Bank) 80.70478
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 163.37
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% 99,038.24
(f) Class A-6 Notes @ 6.500% 128375
Aggregate Interest on Class A Notes 227413.24
(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 3.38014471 99,038.24
(f) Class A-6 Notes 5.41666667 128375
Total Aggregate Interest on Class A Notes 227413.24
(g) Class B Notes 5.566666667 59,285.00
- ------------------------------------
(h) Class C Notes 5.71 98822.83
-------------------
PRINCIPAL
No. of Contracts
1. Amount of Stated Principal Collected 785441.72
2. Amount of Principal Prepayment Collected 89.00 1468665.79
3. Amount of Liquidated Contract 7 165209.84
----------
4. Amount of Repurchased Contract 0 0.0000000
Total Formula Principal Distribution Amount 2,419,317.35
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 0.6318027 18,511,820.23
(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 0.00000000 0.00
(e) Class A-5 Notes 82.57055802 2,419,317.35
(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 0.5492322 16,092,502.88
(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 37103 2,521 67,754,532.13
2. Delinquency Information % Delinquent
(a) 31-59 Days 44 532,261.81 0.007855737
(b) 60-89 Days 19 388129.93 0.005728472
(c) 90-119 Days 6 126,638.75 0.001869082
(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 7 165,209.84
(b) Net Liquidation Proceeds on any Liquidated Receivables 36,482.49
Total Aggregate Net Losses for the preceding Collection Period 128727.35
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 115359.22
Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 493 4388686.980
8. Weighted Average Contract Rate of all Outstanding Contracts 0.091578463
- ------------------------------------
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 112.8272449
TRIGGER ANALYSIS
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1. (a) Average 60+ Delinquency Percentage 1.031%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.000175212
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.000371705
3. (a) Servicer Replacement Percentage 0.001356581
- ------------------------------------
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
1. Monthly Servicing Fees 29,239.10
2. Servicer Advances 50237.99
3. (a) Opening Balance of the Reserve Account 5325240.59
(b) Deposits to the Reserve Account 0
(c) Investment Earnings in the Reserve Account 17590.18
(d) Distribution from the Reserve Account -29327.57
(e) Ending Balance of the Reserve Account 5313503.2
4. Specified Reserve Account Balance 5325240.59
5. (a) Opening Balance in the Pay-Ahead Account 55401.96
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