CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 6/30/2002
Determination Date 7/10/2002
Distribution Date 7/15/2002
I. All Payments on the Contracts 1,528,718.26
II. All Liquidation Proceeds on the Contracts with respect to Principal 29,340.59
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 2,170.18
V. Servicer Monthly Advances 42,065.49
VI. Distribution from the Reserve Account 59,381.55
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 4,323.80
VIII. Transfers to the Pay-Ahead Account (3,366.30)
IX. Less: Investment Earnings distributions
(a) To Sellers with respect to the Collection Account (2,170.18)
(b) To Sellers with respect to the Pay-Ahead Account (8.29)
Total available amount in Collection Account 1,660,455.10
=============
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 109,592.25
(b) Class A-6 Note Principal Distribution 1,337,357.87
Aggregate Class A-6 Note Distribution 61.05274768 1,446,950.12
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 20,081.02
(b) Reimbursement of prior Monthly Advances 35,316.13
Total Servicer Payment 55,397.15
10. Deposits to the Reserve Account 0.00
Total Distribution Amount from Collection Account $1,660,455.10
=============
Page 1 of 4
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) 4.19
(b) Distribution from the Payahead Account to
the Sellers(Chase Manhattan Bank) 4.10
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 8.29
=============
INTEREST
- ---------------------------------------------
1. Current Interest Requirement
(a) Class A-1 Notes @ 5.845% 0.00
(b) Class A-2 Notes @ 6.028% 0.00
(c) Class A-3 Notes @ 6.140% 0.00
(d) Class A-4 Notes @ 6.250% 0.00
(e) Class A-5 Notes @ 6.420% 0.00
(f) Class A-6 Notes @ 6.500% 109,592.25
Aggregate Interest on Class A Notes 109,592.25
(g) Class B Notes @ 6.680% 59,285.00
(h) Class C Notes @ 6.850% 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 0.00
(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 0.00
(e) Class A-5 Notes 0.00000000 0.00
(f) Class A-6 Notes 4.62414557 109,592.25
Total Aggregate Interest on Class A Notes 109,592.25
(g) Class B Notes 5.56666667 59,285.00
(h) Class C Notes 5.70833312 98,822.83
PRINCIPAL
- ---------------------------------------------
No. of Contracts
------------------
1. Amount of Stated Principal Collected 560,079.28
2. Amount of Principal Prepayment Collected 68 624,358.65
3. Amount of Liquidated Contract 3 152,919.94
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 1,337,357.87
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 0.8536884 20,232,415.94
(g) Class B Notes 1.0000000 10,650,000.00
(h) Class C Notes 1.0000000 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 0.00
(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 0.00000000 0.00
(f) Class A-6 Notes 56.42860211 1,337,357.87
(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 0.0000000 0.00
(f) Class A-6 Notes 0.7972598 18,895,058.07
(g) Class B Notes 1.0000000 10,650,000.00
(h) Class C Notes 1.0000000 17,312,029.25
POOL DATA
- ---------------------------------------------
Aggregate
Principal
No. of Contracts Balance
---------------- -------------
1. Pool Stated Principal Balance as of 6/30/2002 1,733 46,857,087.32
2. Delinquency Information % Delinquent
------------
(a) 31-59 Days 29 472,426.77 1.008%
(b) 60-89 Days 13 719,938.61 1.536%
(c) 90-119 Days 6 50,598.81 0.108%
(d) 120 Days + 0 0.00 0.000%
3. Contracts Repossessed during the Due Period 0 0.00
4. Current Repossession Inventory 0 0.00
5. Aggregate Net Losses for the preceding
Collection Period
(a) Aggregate Principal Balance of Liquidated
Receivables 3 152,919.94
(b) Net Liquidation Proceeds on any Liquidated
Receivables 29,340.59
-------------
Total Aggregate Net Losses for the preceding
Collection Period 123,579.35
6. Aggregate Losses on all Liquidated Receivables
(Year-To-Date) 791,592.14
7. Aggregate Net Losses on all Liquidated Receivables
(Life-To-Date) 553 5,014,924.72
8. Weighted Average Contract Rate of all Outstanding
Contracts 9.043%
9. Weighted Average Remaining Term to Maturity of all
Outstanding Contracts 108.803
Page 3 of 4
TRIGGER ANALYSIS
- ---------------------------------------------
1. (a) Average 60+ Delinquency Percentage 1.379%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.038%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.099%
3. (a) Servicer Replacement Percentage 0.178%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- ---------------------------------------------
1. Monthly Servicing Fees 20,081.02
2. Servicer Advances 42,065.49
3. (a) Opening Balance of the Reserve Account 5,325,240.59
(b) Deposits to the Reserve Account 0.00
(c) Investment Earnings in the Reserve Account 7,336.98
(d) Distribution from the Reserve Account (59,381.55)
(e) Ending Balance of the Reserve Account 5,273,196.02
4. Specified Reserve Account Balance 5,325,240.59
5. (a) Opening Balance in the Pay-Ahead Account 8,431.17
(b) Deposits to the Pay-Ahead Account from the Collection Account 3,366.30
(c) Investment Earnings in the Pay-Ahead Account 8.29
(d) Transfers from the Pay-Ahead Account to the Collection Account (4,323.80)
(e) Ending Balance in the Pay-Ahead Account 7,481.96