CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 10/31/01
Determination Date 11/12/01
Distribution Date 11/15/01
I. All Payments on the Contracts 2,001,987.84
II. All Liquidation Proceeds on the Contracts with respect to Principal 76,036.77
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 41,577.32
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 12,324.91
VIII. Transfers to the Pay-Ahead Account (6,114.17)
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 -86.29
Total available amount in Collection Account $2,125,726.38
==============
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 66,537.31
(b) Class A-5 Note Principal Distribution 1,544,046.31
Aggregate Class A-5 Note Distribution 54.96872423 1,610,583.62
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 26,707.88
(b) Reimbursement of prior Monthly Advances 48,740.15
Total Servicer Payment 75,448.03
10. Deposits to the Reserve Account 153,211.90
Total Distribution Amount from Collection Account $2,125,726.38
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Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess Collections 77,525.22
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 75,686.68
(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) 153,211.90
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Payahead Account distributions to Sellers
- --------------------------------------------
(a) Distribution from the Payahead Account to the Sellers(Chase USA) 43.66274
(b) Distribution from the Payahead Account to the Sellers(Chase Manhattan Bank) 42.62726
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 86.29
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% 66,537.31
(f) Class A-6 Notes @ 6.500% 128375
Aggregate Interest on Class A Notes 194912.31
(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
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(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 2.27089795 66,537.31
(f) Class A-6 Notes 5.41666667 128375
Total Aggregate Interest on Class A Notes 194912.31
(g) Class B Notes 5.566666667 59,285.00
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(h) Class C Notes 5.71 98822.83
----------------
PRINCIPAL
No. of Contracts
1. Amount of Stated Principal Collected 720768.61
2. Amount of Principal Prepayment Collected 68.00 797270.02
3. Amount of Liquidated Contract 4 26007.68
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4. Amount of Repurchased Contract 0 0.0000000
Total Formula Principal Distribution Amount 1,544,046.31
5. Principal Balance before giving effect to Pool Factor
Principal Distribution
(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 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 52.69782628 1,544,046.31
(f) Class A-6 Notes 0 0
(g) Class B Notes 0 0.00
(h) Class C Notes 0 0.00
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8. Principal Balance after giving effect to Pool Factor
Principal Distribution
(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 0.3717691 10,892,834.25
(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 37195 2,308 62,554,863.50
2. Delinquency Information % Delinquent
(a) 31-59 Days 45 1,223,238.73 0.019554654
(b) 60-89 Days 20 238888.09 0.003818857
(c) 90-119 Days 7 166,618.60 0.002663559
(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 4 26,007.68
(b) Net Liquidation Proceeds on any Liquidated Receivables 76,036.77
Total Aggregate Net Losses for the preceding Collection Period -50029.09
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 314283.11
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 510 4580226.210
8. Weighted Average Contract Rate of all Outstanding Contracts 0.091261174
- --------------------------------------------
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 112.0263681
TRIGGER ANALYSIS
1. (a) Average 60+ Delinquency Percentage 1.072%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio .000460322
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.000989553
(a) Servicer Replacement Percentage -0.000527227
- -------------------------------------------- -------------
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
1. Monthly Servicing Fees 26,707.88
2. Servicer Advances 41577.32
3. (a) Opening Balance of the Reserve Account 5194603.9
(b) Deposits to the Reserve Account 153211.9
(c) Investment Earnings in the Reserve Account 12308.37
(d) Distribution from the Reserve Account -34883.58
(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 47809.45
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