CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 9/30/2002
Determination Date 10/9/2002
Distribution Date 10/15/2002
I. All Payments on the Contracts 2,217,182.45
II. All Liquidation Proceeds on the Contracts with respect to Principal 186,542.99
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 17.15
V. Servicer Monthly Advances 25,533.77
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 3,435.87
VIII. Transfers to the Pay-Ahead Account (2,522.66)
IX. Less: Investment Earnings distributions
(a) To Sellers with respect to the Collection Account (17.15)
(b) To Sellers with respect to the Pay-Ahead Account (5.05)
Total available amount in Collection Account $2,430,167.37
=============
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 84,157.27
(b) Class A-6 Note Principal Distribution 1,914,275.44
Aggregate Class A-6 Note Distribution 84.32205527 1,998,432.71
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 18,124.48
(b) Reimbursement of prior Monthly Advances 38,173.51
Total Servicer Payment 56,297.99
10. Deposits to the Reserve Account 217,328.84
Total Distribution Amount from Collection Account $2,430,167.37
=============
Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA) from Excess Collections 35,988.08
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 35,134.61
(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) 71,122.69
=============
Payahead Account distributions to Sellers
(a) Distribution from the Payahead Account to the Sellers(Chase USA) 2.56
(b) Distribution from the Payahead Account to the Sellers(Chase Manhattan Bank) 2.49
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) 5.05
=============
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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% 84,157.27
Aggregate Interest on Class A Notes 84,157.27
(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 3.55093966 84,157.27
Total Aggregate Interest on Class A Notes 84,157.27
(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 506,256.14
2. Amount of Principal Prepayment Collected 54 1,380,226.27
3. Amount of Liquidated Contract 3 27,793.03
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 1,914,275.44
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 0.6555581 15,536,726.42
(g) Class B Notes 1.0000000 10,650,000.00
(h) Class C Notes 1.0000000 17,312,029.25
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 80.77111561 1,914,275.44
(g) Class B Notes 0.00000000 0.00
(h) Class C Notes 0.00000000 0.00
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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 0.5747870 13,622,450.98
(g) Class B Notes 1.0000000 10,650,000.00
(h) Class C Notes 1.0000000 17,312,029.25
POOL DATA
- ---------------------------------------------
Aggregate
No. of Contracts Principal Balance % Delinquent
--------------- ----------------- ------------
1. Pool Stated Principal Balance as of 9/30/2002 1,533 41,584,480.23
2. Delinquency Information
(a) 31-59 Days 23 826,133.13 1.987%
(b) 60-89 Days 9 150,861.10 0.363%
(c) 90-119 Days 7 144,641.42 0.348%
(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 27,793.03
(b) Net Liquidation Proceeds on any Liquidated Receivables 186,542.99
--------------
Total Aggregate Net Losses for the preceding Collection
Period -158,749.96
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 848,601.72
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-
Date) 570 5,066,001.64
8. Weighted Average Contract Rate of all Outstanding Contracts 9.017%
9. Weighted Average Remaining Term to Maturity of
all Outstanding Contracts 106.680
TRIGGER ANALYSIS
- ---------------------------------------------
1. (a) Average 60+ Delinquency Percentage 1.250%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.014%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.034%
3. (a) Servicer Replacement Percentage -0.228%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- ---------------------------------------------
1. Monthly Servicing Fees 18,124.48
2. Servicer Advances 25,533.77
3. (a) Opening Balance of the Reserve Account 5,172,059.67
(b) Deposits to the Reserve Account 217,328.84
(c) Investment Earnings in the Reserve Account 6,974.77
(d) Distribution from the Reserve Account (71,122.69)
(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 4,855.47
(b) Deposits to the Pay-Ahead Account from the Collection Account 2,522.66
(c) Investment Earnings in the Pay-Ahead Account 5.05
(d) Transfers from the Pay-Ahead Account to the Collection Account (3,435.87)
(e) Ending Balance in the Pay-Ahead Account 3,947.31
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