CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 9/30/01
Determination Date 10/10/01
Distribution Date 10/15/01
I. All Payments on the Contracts 2,040,139.62
II. All Liquidation Proceeds on the Contracts
with respect to Principal 16,668.80
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 64,066.70
VI. Distribution from the Reserve Account 145,272.48
VII. Deposits from the Pay-Ahead Account
(including Investment Earnings) 4,721.33
VIII. Transfers to the Pay-Ahead Account (12,158.37)
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 -102.67
Total available amount in Collection Account $2,258,607.89
=============
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 76,125.52
(b) Class A-5 Note Principal Distribution 1,792,189.11
Aggregate Class A-5 Note Distribution 63.76500444 1,868,314.63
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 27,454.62
(b) Reimbursement of prior Monthly Advances 76,355.81
Total Servicer Payment 103,810.43
10. Deposits to the Reserve Account 0.00
Total Distribution Amount from Collection Account $2,258,607.89
=============
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Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess
Collections 0.00
(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) 51.95102
(b) Distribution from the Payahead Account
to the Sellers(Chase Manhattan Bank) 50.71898
Total Amounts to Sellers
(Chase USA & Chase Manhattan Bank) 102.67
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% 76,125.52
(f) Class A-6 Notes @ 6.500% 128375
Aggregate Interest on Class A Notes 204500.52
(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 2.59814061 76,125.52
(f) Class A-6 Notes 5.41666667 128375
Total Aggregate Interest on Class A Notes 204500.52
(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 750949.02
2. Amount of Principal Prepayment Collected 57.00 783608.15
3. Amount of Liquidated Contract 9 257631.94
---------
4. Amount of Repurchased Contract 0 0.0000000
Total Formula Principal Distribution Amount 1,792,189.11
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 0.4856338 14,229,069.67
(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
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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 61.16686382 1,792,189.11
(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 0.4244669 12,436,880.56
(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 37164 2,380 64,098,909.81
2. Delinquency Information % Delinquent
(a) 31-59 Days 44 618,057.82 0.009642252
(b) 60-89 Days 17 232619.08 0.003629065
(c) 90-119 Days 7 62,569.94 0.000976147
(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 9 257,631.94
(b) Net Liquidation Proceeds on any Liquidated Receivables 16,668.80
Total Aggregate Net Losses for the preceding Collection Period 240963.14
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 361820.04
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 506 4630255.300
8. Weighted Average Contract Rate of all Outstanding Contracts 0.091339703
--------------------------------------------
9. Weighted Average Remaining Term to Maturity
of all Outstanding Contracts 112.1537218
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TRIGGER ANALYSIS
1. (a) Average 60+ Delinquency Percentage 1.123%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.000885585
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.001889444
3. (a) Servicer Replacement Percentage 0.002539367
--------------------------------------------
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
1. Monthly Servicing Fees 27,454.62
2. Servicer Advances 64066.7
3. (a) Opening Balance of the Reserve Account 5325240.59
(b) Deposits to the Reserve Account 0
(c) Investment Earnings in the Reserve Account 14635.79
(d) Distribution from the Reserve Account -145272.48
(e) Ending Balance of the Reserve Account 5194603.9
4. Specified Reserve Account Balance 5325240.59
5. (a) Opening Balance in the Pay-Ahead Account 40269.74
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