CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 11/30/01
Determination Date 12/12/01
Distribution Date 12/17/01
I. All Payments on the Contracts 2,024,103.07
II. All Liquidation Proceeds on the Contracts with respect to Principal 44,583.02
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 50,049.31
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 16,165.82
VIII. Transfers to the Pay-Ahead Account (7,366.45)
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 -69.29
Total available amount in Collection Account $2,127,465.48
================
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 58,276.66
(b) Class A-5 Note Principal Distribution 1,677,898.14
Aggregate Class A-5 Note Distribution 59.25511263 1,736,174.80
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 26,064.53
(b) Reimbursement of prior Monthly Advances 53,858.98
Total Servicer Payment 79,923.51
10. Deposits to the Reserve Account 24,884.34
Total Distribution Amount from Collection Account $2,127,465.48
================
Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess Collections 12,591.48
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 12,292.86
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 5,161.72
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 5,039.30
Total Amounts to Sellers (Chase USA & Chase Manhattan Bank) 35,085.36
===============
Payahead Account distributions to Sellers
- --------------------------------------------
(a) Distribution from the Payahead Account to the Sellers (Chase USA) 35.06074
(b) Distribution from the Payahead Account to the Sellers (Chase Manhattan Bank) 34.22926
Total Amounts to Sellers (Chase USA & Chase Manhattan Bank) 69.29
Page 1 of 3
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% 58,276.66
(f) Class A-6 Notes @ 6.500% 128375
Aggregate Interest on Class A Notes 186,651.66
(g) Class B Notes @ 0.0668 59,285.00
(h) Class C Notes @ 0.0685 98,822.83
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 0.00000000 0.00
(c) Class A-3 Notes 0.00000000 0.00
(d) Class A-4 Notes 0.00000000 0
(e) Class A-5 Notes 1.98896451 58,276.66
(f) Class A-6 Notes 5.41666667 128375
Total Aggregate Interest on Class A Notes 186,651.66
(g) Class B Notes 5.566666667 59,285.00
- --------------------------------------------
(h) Class C Notes 5.71 98,822.83
---------------
PRINCIPAL
No. of Contracts
1. Amount of Stated Principal Collected 803,000.72
2. Amount of Principal Prepayment Collected 57.00 747,238.96
3. Amount of Liquidated Contract 7 127,658.46
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 1,677,898.14
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 0.3717691 10,892,834.25
(f) Class A-6 Notes 1.0000000 23,700,000.00
(g) Class B Notes 1.0000000 10,650,000.00
(h) Class C Notes 1.0000000 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 57.26614812 1,677,898.14
(f) Class A-6 Notes 0.00000000 0
(g) Class B Notes 0.00000000 0.00
(h) Class C Notes 0.00000000 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 0.3145029 9,214,936.11
(f) Class A-6 Notes 1.0000000 23,700,000.00
(g) Class B Notes 1.0000000 10,650,000.00
- --------------------------------------------
(h) Class C Notes 1.0000000 17,312,029.25
Page 2 of 3
POOL DATA
Aggregate
No. of Contracts Principal Balance
1. Pool Stated Principal Balance as of 37225 2,244 60,876,965.36
2. Delinquency Information % Delinquent
(a) 31-59 Days 38 1,011,131.44 0.016609426
(b) 60-89 Days 11 419577.44 0.00689222
(c) 90-119 Days 10 150,930.36 0.002479269
(d) 120 Days + 0 0.00 0
3. Contracts Repossessed during the Due Period 1 18,126.84
4. Current Repossession Inventory 2 98,441.25
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 7 127,658.46
(b) Net Liquidation Proceeds on any Liquidated Receivables 44,583.02
Total Aggregate Net Losses for the preceding Collection Period 83,075.44
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 402,059.61
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 517 4,663,301.65
8. Weighted Average Contract Rate of all Outstanding Contracts 9.108%
- --------------------------------------------
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 111.765
TRIGGER ANALYSIS
1. (a) Average 60+ Delinquency Percentage 1.231%
(b) Delinquency Percentage Trigger in effect? NO
2. (a) Average Net Loss Ratio 0.066%
(b) Net Loss Ratio Trigger in effect? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.144%
3. (a) Servicer Replacement Percentage 0.088%
- --------------------------------------------
(b) Servicer Replacement Trigger in effect? NO
MISCELLANEOUS
1. Monthly Servicing Fees 26,064.53
2. Servicer Advances 50,049.31
3. (a) Opening Balance of the Reserve Account 5,325,240.59
(b) Deposits to the Reserve Account 24,884.34
(c) Investment Earnings in the Reserve Account 10,201.02
(d) Distribution from the Reserve Account (35,085.36)
(e) Ending Balance of the Reserve Account 5,325,240.59
4. Specified Reserve Account Balance 5,325,240.59
5. (a) Opening Balance in the Pay-Ahead Account 41,685.00
(b) Deposits to the Pay-Ahead Account from the Collection Account 7,366.45
(c) Investment Earnings in the Pay-Ahead Account 69.29
(d) Transfers from the Pay-Ahead Account to the Collection Account (16,165.82)
(e) Ending Balance in the Pay-Ahead Account 32,954.92
Page 3 of 3