CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 10/31/2002
Determination Date 11/12/2002
Distribution Date 11/15/2002
I. All Payments on the Contracts 1,597,517.39
II. All Liquidation Proceeds on the Contracts with
respect to Principal 24,042.25
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.66
V. Servicer Monthly Advances 44,548.37
VI. Distribution from the Reserve Account 21,098.41
VII. Deposits from the Pay-Ahead Account
(including Investment Earnings) 2,968.56
VIII. Transfers to the Pay-Ahead Account (3,296.03)
IX. Less: Investment Earnings distributions
(a) To Sellers with respect to the Collection Account (0.66)
(b) To Sellers with respect to the Pay-Ahead Account (10.66)
Total available amount in Collection Account $1,686,868.29
================
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 73,788.28
(b) Class A-6 Note Principal Distribution 1,404,893.87
Aggregate Class A-6 Note Distribution 62.39165190 1,478,682.15
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 17,326.87
(b) Reimbursement of prior Monthly Advances 32,751.44
Total Servicer Payment 50,078.31
10. Deposits to the Reserve Account 0.00
Total Distribution Amount from Collection Account $1,686,868.29
================
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) 5.39
(b) Distribution from the Payahead Account to
the Sellers(Chase Manhattan Bank) 5.27
Total Amounts to Sellers
(Chase USA & Chase Manhattan Bank) 10.66
==============
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% 73,788.28
Aggregate Interest on Class A Notes 73,788.28
(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 3.11342954 73,788.28
Total Aggregate Interest
on Class A Notes 73,788.28
(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 470,976.91
2. Amount of Principal Prepayment Collected 44 826,741.97
3. Amount of Liquidated Contract 5 107,174.99
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 1,404,893.87
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 0.5747870 13,622,450.98
(g) Class B Notes 1.0000000 10,650,000.00
(h) Class C Notes 1.0000000 17,312,029.25
Page 2 of 4
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 59.27822236 1,404,893.87
(g) Class B Notes 0.00000000 0.00
(h) Class C Notes 0.00000000 0.00
8. Principal Balance after giving effect to Pool Factor
Principal Distribution -----------
(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 0.5155087 12,217,557.11
(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
---------------- -----------------
1. Pool Stated Principal Balance as of 10/31/2002 1,484 40,179,586.36
2. Delinquency Information % Delinquent
------------
(a) 31-59 Days 14 281,586.62 0.701%
(b) 60-89 Days 7 315,779.64 0.786%
(c) 90-119 Days 3 196,238.73 0.488%
(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 5 107,174.99
(b) Net Liquidation Proceeds on any
Liquidated Receivables 24,042.25
-----------------
Total Aggregate Net Losses for the
preceding Collection Period 83,132.74
6. Aggregate Losses on all Liquidated
Receivables (Year-To-Date) 931,734.46
7. Aggregate Net Losses on all
Liquidated Receivables (Life-To-Date) 575 5,149,134.38
8. Weighted Average Contract Rate of
all Outstanding Contracts 8.998%
9. Weighted Average Remaining Term to Maturity
of all Outstanding Contracts 106.529
Page 3 of 4
TRIGGER ANALYSIS
- --------------------------------------------------------
1. (A) AVERAGE 60+ DELINQUENCY PERCENTAGE 1.471%
(B) DELINQUENCY PERCENTAGE TRIGGER IN EFFECT? NO
2. (A) AVERAGE NET LOSS RATIO 0.036%
(B) NET LOSS RATIO TRIGGER IN EFFECT? NO
(C) NET LOSS RATIO (USING ENDING POOL BALANCE) 0.100%
3. (A) SERVICER REPLACEMENT PERCENTAGE 0.120%
(B) SERVICER REPLACEMENT TRIGGER IN EFFECT? NO
MISCELLANEOUS
- --------------------------------------------------------
1. Monthly Servicing Fees 17,326.87
2. Servicer Advances 44,548.37
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 7,200.20
(d) Distribution from the Reserve Account (21,098.41)
(e) Ending Balance of the Reserve Account 5,311,342.38
4. Specified Reserve Account Balance 5,325,240.59
5. (a) Opening Balance in the Pay-Ahead Account 3,947.31
(b) Deposits to the Pay-Ahead Account
from the Collection Account 3,296.03
(c) Investment Earnings in the Pay-Ahead Account 10.66
(d) Transfers from the Pay-Ahead
Account to the Collection Account (2,968.56)
(e) Ending Balance in the Pay-Ahead Account 4,285.44
Page 4 of 4