CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 08/31/2002
Determination Date 09/11/2002
Distribution Date 09/16/2002
I. All Payments on the Contracts 2,105,103.79
II. All Liquidation Proceeds on the Contracts
with respect to Principal 48,436.26
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 11.31
V. Servicer Monthly Advances 25,098.08
VI. Distribution from the Reserve Account 160,530.68
VII. Deposits from the Pay-Ahead Account
(including Investment Earnings) 4,375.01
VIII. Transfers to the Pay-Ahead Account (2,645.06)
IX. Less: Investment Earnings distributions
(a) To Sellers with respect to the
Collection Account (11.31)
(b) To Sellers with respect to the
Pay-Ahead Account 0.00
Total available amount in Collection Account $2,340,898.76
===============
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 95,087.95
(b) Class A-6 Note Principal Distribution 2,017,972.80
Aggregate Class A-6 Note Distribution 89.15868143 2,113,060.75
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 18,965.30
(b) Reimbursement of prior Monthly Advances 50,764.88
Total Servicer Payment 69,730.18
10. Deposits to the Reserve Account 0.00
Total Distribution Amount from Collection Account $2,340,898.76
===============
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
===============
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Payahead Account distributions to Sellers
(a) Distribution from the Payahead Account
to the Sellers(Chase USA) 0.00
(b) Distribution from the Payahead Account
to the Sellers(Chase Manhattan Bank) 0.00
Total Amounts to Sellers(Chase USA
& Chase Manhattan Bank) 0.00
===============
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% 95,087.95
Aggregate Interest on Class A Notes 95,087.95
(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 4.01214979 95,087.95
Total Aggregate Interest on Class A Notes 95,087.95
(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 567,800.29
2. Amount of Principal Prepayment Collected 69 1,195,678.04
3. Amount of Liquidated Contract 9 254,494.47
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 2,017,972.80
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 0.7407046 17,554,699.22
(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 0.00
(g) Class B Notes 0.00
(h) Class C Notes 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 85.14653165 2,017,972.80
(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 0.6555581 15,536,726.42
(g) Class B Notes 1.0000000 10,650,000.00
(h) Class C Notes 1.0000000 17,312,029.25
Aggregate
POOL DATA No. of Contracts Principal Balance
- -------------------------------------------- ---------------- -----------------
1. Pool Stated Principal Balance as of 8/31/2002 1,590 43,498,755.67
2. Delinquency Information % Delinquent
------------
(a) 31-59 Days 22 525,059.20 1.207%
(b) 60-89 Days 15 384,874.01 0.885%
(c) 90-119 Days 4 31,424.90 0.072%
(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 9 254,494.47
(b) Net Liquidation Proceeds on any
Liquidated Receivables 48,436.26
----------------
Total Aggregate Net Losses for the
preceding Collection Period 206,058.21
6. Aggregate Losses on all Liquidated
Receivables (Year-To-Date) 1,007,351.68
7. Aggregate Net Losses on all Liquidated
Receivables (Life-To-Date) 567 5,224,751.60
8. Weighted Average Contract Rate of all
Outstanding Contracts 9.016%
9. Weighted Average Remaining Term to Maturity
of all Outstanding Contracts 107.409
TRIGGER ANALYSIS
- --------------------------------------------
1. (a) Average 60+ Delinquency Percentage 1.717%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.090%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.249%
3. (a) Servicer Replacement Percentage 0.297%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- --------------------------------------------
1. Monthly Servicing Fees 18,965.30
2. Servicer Advances 25,098.08
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 7,349.76
(d) Distribution from the Reserve Account (160,530.68)
(e) Ending Balance of the Reserve Account 5,172,059.67
4. Specified Reserve Account Balance 5,325,240.59
5. (a) Opening Balance in the Pay-Ahead Account 6,585.42
(b) Deposits to the Pay-Ahead Account
from the Collection Account 2,645.06
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to
the Collection Account (4,375.01)
(e) Ending Balance in the Pay-Ahead Account 4,855.47
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