CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 12/31/2002
Determination Date 1/10/2003
Distribution Date 1/15/2003
I. All Payments on the Contracts 1,611,697.85
II. All Liquidation Proceeds on the Contracts
with respect to Principal 33,784.25
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 659.38
V. Servicer Monthly Advances 33,285.51
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account
(including Investment Earnings) 2,039.85
VIII. Transfers to the Pay-Ahead Account (2,930.45)
IX. Less: Investment Earnings distributions
(a) To Sellers with respect to
the Collection Account (659.38)
(b) To Sellers with respect to
the Pay-Ahead Account (2.77)
X. Deposits in error (1,332.35)
Total available amount in Collection Account $1,676,541.89
==============
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 56,505.17
(b) Class A-6 Note Principal Distribution 1,383,340.72
Aggregate Class A-6 Note Distribution 60.75299114 1,439,845.89
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 15,997.40
(b) Reimbursement of prior Monthly Advances 28,576.00
Total Servicer Payment 44,573.40
10. Deposits to the Reserve Account 34,014.77
Total Distribution Amount from Collection Account $1,676,541.89
==============
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Reserve Account distributions to Sellers
(a) Amounts to the Sellers (Chase USA)
from Excess Collections 17,337.29
(b) Amounts to the Sellers (Chase Manhattan Bank)
from Excess Collections 16,926.13
(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) 34,263.42
==============
Payahead Account distributions to Sellers
(a) Distribution from the Payahead
Account to the Sellers (Chase USA) 1.40
(b) Distribution from the Payahead Account
to the Sellers (Chase Manhattan Bank) 1.37
Total Amounts to Sellers
(Chase USA & Chase Manhattan Bank) 2.77
==============
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% 56,505.17
Aggregate Interest on Class A Notes 56,505.17
(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 2.38418439 56,505.17
Total Aggregate Interest
on Class A Notes 56,505.17
(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 611,098.55
2. Amount of Principal Prepayment Collected 43 767,428.32
3. Amount of Liquidated Contract 1 4,813.85
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 1,383,340.72
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 0.4401571 10,431,724.45
(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 58.36880675 1,383,340.72
(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 0.3817883 9,048,383.73
(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 12/31/2002 1,404 37,010,412.98
2. Delinquency Information % Delinquent
(a) 31-59 Days 16 209,367.49 0.566%
(b) 60-89 Days 7 389,345.88 1.052%
(c) 90-119 Days 2 214,886.62 0.581%
(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 1 4,813.85
(b) Net Liquidation Proceeds on
any Liquidated Receivables 33,784.25
----------------
Total Aggregate Net Losses for
the preceding Collection Period -28,970.40
6. Aggregate Losses on all Liquidated
Receivables (Year-To-Date) 877,035.97
7. Aggregate Net Losses on all Liquidated
Receivables (Life-To-Date) 577 5,094,435.89
8. Weighted Average Contract Rate of
all Outstanding Contracts 8.991%
9. Weighted Average Remaining Term to
Maturity of all Outstanding Contracts 104.908
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TRIGGER ANALYSIS
- ---------------------------------------------
1. (A) AVERAGE 60+ DELINQUENCY PERCENTAGE 2.111%
(B) DELINQUENCY PERCENTAGE TRIGGER IN EFFECT ? NO
2. (A) AVERAGE NET LOSS RATIO 0.008%
(B) NET LOSS RATIO TRIGGER IN EFFECT ? NO
(C) NET LOSS RATIO (USING ENDING POOL BALANCE) 0.021%
3. (A) SERVICER REPLACEMENT PERCENTAGE -0.042%
(B) SERVICER REPLACEMENT TRIGGER IN EFFECT ? NO
MISCELLANEOUS
- ---------------------------------------------
1. Monthly Servicing Fees 15,997.40
2. Servicer Advances 33,285.51
3. (a) Opening Balance of the Reserve Account 5,325,240.59
(b) Deposits to the Reserve Account 34,014.77
(c) Investment Earnings in the Reserve Account 248.65
(d) Distribution from the Reserve Account (34,263.42)
(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 3,947.34
(b) Deposits to the Pay-Ahead Account
from the Collection Account 2,930.45
(c) Investment Earnings in the Pay-Ahead Account 2.77
(d) Transfers from the Pay-Ahead Account
to the Collection Account (2,039.85)
(e) Ending Balance in the Pay-Ahead Account 4,840.71
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