CHASE MANHATTAN RV OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 2/28/2002
Determination Date 3/12/2002
Distribution Date 3/15/2002
I. All Payments on the Contracts 7,574,949.64
II. All Liquidation Proceeds on the Contracts with respect to Principal 107,976.15
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 1,274.54
V. Servicer Monthly Advances 180,112.91
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 79,202.00
VIII. Transfers to the Pay-Ahead Account (84,702.80)
IX. Less: Investment Earnings distributions (1,274.54)
(a) To Sellers with respect to the Collection Account 0.00
(b) To Sellers with respect to the Pay-Ahead Account
Total available amount in Collection Account $7,857,537.90
===================
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 0.00
(b) Class A-5 Note Principal Distribution 0.00
Aggregate Class A-5 Note Distribution 0.00000000 0.00
6. (a) Class A-6 Note Interest Distribution 0.00
(b) Class A-6 Note Principal Distribution 0.00
Aggregate Class A-6 Note Distribution 0.00000000 0.00
7. (a) Class A-7 Note Interest Distribution 0.00
(b) Class A-7 Note Principal Distribution 0.00
Aggregate Class A-7 Note Distribution 0.00000000 0.00
8. (a) Class A-8 Note Interest Distribution 205,671.66
(b) Class A-8 Note Principal Distribution 6,296,737.77
Aggregate Class A-8 Note Distribution 76.49893446 6,502,409.43
9. (a) Class A-9 Note Interest Distribution 321,266.67
(b) Class A-9 Note Principal Distribution 0.00
Aggregate Class A-9 Note Distribution 5.26666667 321,266.67
10. (a) Class A-10 Note Interest Distribution 345,041.67
(b) Class A-10 Note Principal Distribution 0.00
Aggregate Class A-10 Note Distribution 5.30833333 345,041.67
11. (a) Class B Certificate Interest Distribution 244,679.31
(b) Class B Certificate Principal Distribution 0.00
Aggregate Class B Certificate Distribution 5.45000000 244,679.31
12. Servicer Payment
(a) Servicing Fee 87,712.92
(b) Reimbursement of prior Monthly Advances 118,168.99
Total Servicer Payment 205,881.91
13. Deposits to the Reserve Account 238,258.92
Total Distribution Amount $7,857,537.90
===================
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Reserve Account distributions:
- -------------------------------------------
(a) Amounts to the Sellers (Chase USA) from Excess Collections 30,568.62
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 207,690.30
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 1,546.95
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 10,510.36
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) = $250,316.23
====================
INTEREST
- -------------------------------------------
1. Current Interest Requirement
(a) Class A-1 Notes @ 5.598% 0.00
(b) Class A-2 Notes @ 5.852% 0.00
(c) Class A-3 Notes @ 5.919% 0.00
(d) Class A-4 Notes @ 6.020% 0.00
(e) Class A-5 Notes @ 6.050% 0.00
(f) Class A-6 Notes @ 6.130% 0.00
(g) Class A-7 Notes @ 6.140% 0.00
(h) Class A-8 Notes @ 6.230% 205,671.66
(i) Class A-9 Notes @ 6.320% 321,266.67
(j) Class A-10 Notes @ 6.370% 345,041.67
Aggregate Interest on Notes 871,979.99
(k) Class B Certificates @ 6.540% 244,679.31
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 0.00
(g) Class A-7 Notes 0.00
(h) Class A-8 Notes 0.00
(i) Class A-9 Notes 0.00
(j) Class A-10 Notes 0.00
(k) Class B Certificates 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 0.00
(e) Class A-5 Notes 0.00000000 0.00
(f) Class A-6 Notes 0.00000000 0.00
(g) Class A-7 Notes 0.00000000 0.00
(h) Class A-8 Notes 2.41966658 205,671.66
(i) Class A-9 Notes 5.26666667 321,266.67
(j) Class A-10 Notes 5.30833333 345,041.67
Total Aggregate Interest on Notes 871,979.99
(k) Class B Certificates 5.45000000 244,679.31
PRINCIPAL
- -------------------------------------------
No. of Contracts
----------------------
1. Amount of Stated Principal Collected 2,777,024.12
2. Amount of Principal Prepayment Collected 191 3,280,906.57
3. Amount of Liquidated Contract 16 238,807.08
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 6,296,737.77
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 0.0000000 0.00
(f) Class A-6 Notes 0.0000000 0.00
(g) Class A-7 Notes 0.0000000 0.00
(h) Class A-8 Notes 0.4660674 39,615,728.89
(i) Class A-9 Notes 1.0000000 61,000,000.00
(j) Class A-10 Notes 1.0000000 65,000,000.00
(k) Class B Certificates 1.0000000 44,895,285.54
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 0.00
(g) Class A-7 Notes 0.00
(h) Class A-8 Notes 0.00
(i) Class A-9 Notes 0.00
(j) Class A-10 Notes 0.00
(k) Class B Certificates 0.00
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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 0.00000000 0.00
(f) Class A-6 Notes 0.00000000 0.00
(g) Class A-7 Notes 0.00000000 0.00
(h) Class A-8 Notes 74.07926788 6,296,737.77
(i) Class A-9 Notes 0.00000000 0.00
(j) Class A-10 Notes 0.00000000 0.00
(k) Class B Certificates 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 0.0000000 0.00
(f) Class A-6 Notes 0.0000000 0.00
(g) Class A-7 Notes 0.0000000 0.00
(h) Class A-8 Notes 0.3919881 33,318,991.12
(i) Class A-9 Notes 1.0000000 61,000,000.00
(j) Class A-10 Notes 1.0000000 65,000,000.00
(k) Class B Certificates 1.0000000 44,895,285.54
Aggregate
POOL DATA No. of Contracts Principal Balance
- ------------------------------------------- ---------------- -----------------
1. Pool Stated Principal Balance as of 2/28/2002 8,408 204,214,276.66
2. Delinquency Information % Delinquent
-----------
(a) 31-59 Days 88 1,860,724.00 0.911%
(b) 60-89 Days 40 1,159,395.11 0.568%
(c) 90-119 Days 14 308,034.20 0.151%
(d) 120 Days + 73 2,057,969.12 1.008%
3. Contracts Repossessed during the Due Period 10 316,998.56
4. Current Repossession Inventory 22 1,103,367.37
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 16 238,807.08
(b) Net Liquidation Proceeds on any Liquidated Receivables 107,976.15
-----------------------
Total Aggregate Net Losses for the preceding Collection Period 130,830.93
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 4,227,923.64
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 1,068 16,423,961.59
8. Weighted Average Contract Rate of all Outstanding Contracts 9.171%
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 85.074
TRIGGER ANALYSIS
- -------------------------------------------
1. (a) Average Delinquency Percentage 2.077%
(b) Delinquency Percentage Trigger in effect ? YES
2. (a) Average Net Loss Ratio 0.056%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.122%
3. (a) Servicer Replacement Percentage 0.051%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- -------------------------------------------
1. Monthly Servicing Fees 87,712.92
2. Servicer Advances 180,112.91
3. (a) Opening Balance of the Reserve Account 8,973,952.86
(b) Deposits to the Reserve Account 238,258.92
(c) Investment Earnings in the Reserve Account 12,057.31
(d) Distribution from the Reserve Account (250,316.23)
(e) Ending Balance of the Reserve Account 8,973,952.86
4. Specified Reserve Account Balance 8,973,952.86
5. (a) Opening Balance in the Pay-Ahead Account 223,896.54
(b) Deposits to the Pay-Ahead Account from the Collection Account 84,702.80
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to the Collection Account (79,202.00)
(e) Ending Balance in the Pay-Ahead Account 229,397.34
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