CHASE MANHATTAN MARINE OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 9/30/2003
Determination Date 10/9/2003
Distribution Date 10/15/2003
I. All Payments on the Contracts 1,354,368.46
II. All Liquidation Proceeds on the Contracts with respect to Principal 57,707.97
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 18,038.23
VI. Distribution from the Reserve Account 28,417.84
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 896.17
VIII. Transfers to the Pay-Ahead Account (1,356.81)
IX. Less: Investment Earnings distributions
(a) To Sellers with respect to the Collection Account 0.00
(b) To Sellers with respect to the Pay-Ahead Account (0.59)
X. Deposits in error 0.00 Total available amount in Collection Account $1,458,071.27
==============
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 0.00
(b) Class A-6 Note Principal Distribution 0.00
Aggregate Class A-6 Note Distribution 0.00000000 0.00
7. (a) Class B Note Interest Distribution 39,189.28
(b) Class B Note Principal Distribution 1,280,452.46
Aggregate Class B Note Distribution 123.91002254 1,319,641.74
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 10,146.67
(b) Reimbursement of prior Monthly Advances 29,460.03
Total Servicer Payment 39,606.70
10. Deposits to the Reserve Account 0.00
Total Distribution Amount from Collection Account $1,458,071.27
==============
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) 0.30
(b) Distribution from the Payahead Account
to the Sellers(Chase Manhattan Bank) 0.29
Total Amounts to Sellers(Chase
USA & Chase Manhattan Bank) 0.59
==============
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% 0.00
Aggregate Interest on Class A Notes 0.00
(g) Class B Notes @ 6.680% 39,189.28
(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 0.00000000 0.00
Total Aggregate Interest on Class A Notes 0.00
(g) Class B Notes 3.67974460 39,189.28
(h) Class C Notes 5.70833312 98,822.83
PRINCIPAL
- --------------------------------------------
No. of Contracts
----------------
1. Amount of Stated Principal Collected 287,917.19
2. Amount of Principal Prepayment Collected 36 883,727.18
3. Amount of Liquidated Contract 3 108,808.09
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 1,280,452.46
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 0.0000000 0.00
(g) Class B Notes 0.6610320 7,039,990.66
(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 0.00000000 0.00
(g) Class B Notes 120.23027793 1,280,452.46
(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 0.0000000 0.00
(g) Class B Notes 0.5408017 5,759,538.20
(h) Class C Notes 1.0000000 17,312,029.25
POOL DATA
- --------------------------------------------
No. of Aggregate
Contracts Principal Balance
--------- ------------------
1. Pool Stated Principal Balance as of 9/30/2003 902 23,071,567.45
2. Delinquency Information % Delinquent
(a) 31-59 Days 17 419,931.80 1.820%
(b) 60-89 Days 4 91,500.02 0.397%
(c) 90-119 Days 1 124,533.03 0.540%
(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 3 108,808.09
(b) Net Liquidation Proceeds on any Liquidated Receivables 57,707.97
--------------
Total Aggregate Net Losses for the preceding Collection Period 51,100.12
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 263,667.16
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 599 5,358,103.05
8. Weighted Average Contract Rate of all Outstanding Contracts 8.951%
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 101.213
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TRIGGER ANALYSIS
- --------------------------------------------
1. (a) Average 60+ Delinquency Percentage 1.524%
(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) 0.171%
3. (a) Servicer Replacement Percentage 0.110%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
- --------------------------------------------
1. Monthly Servicing Fees 10,146.67
2. Servicer Advances 18,038.23
3. (a) Opening Balance of the Reserve Account 5,256,535.62
(b) Deposits to the Reserve Account 0.00
(c) Investment Earnings in the Reserve Account 2,533.20
(d) Distribution from the Reserve Account (28,417.84)
(e) Ending Balance of the Reserve Account 5,230,650.98
4. Specified Reserve Account Balance 5,325,240.59
5. (a) Opening Balance in the Pay-Ahead Account 1,747.25
(b) Deposits to the Pay-Ahead Account from the Collection Account 1,356.81
(c) Investment Earnings in the Pay-Ahead Account 0.59
(d) Transfers from the Pay-Ahead Account to the Collection Account (896.17)
(e) Ending Balance in the Pay-Ahead Account 2,208.48
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