-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ArFQxcyPwJG1U2PPf+Qjugl88QSDSvJrDTV22KfSgfu4lYlJfil579XH+Ur+ER2P VvDLdnKqbTYnI6FSPaq8iQ== 0000835271-98-000263.txt : 19980601 0000835271-98-000263.hdr.sgml : 19980601 ACCESSION NUMBER: 0000835271-98-000263 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980515 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980529 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHASE CREDIT CARD MASTER TRUST CENTRAL INDEX KEY: 0001004988 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 222382028 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-28338 FILM NUMBER: 98634050 BUSINESS ADDRESS: STREET 1: 802 DELAWARE AVE CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3025755050 MAIL ADDRESS: STREET 1: 802 DELAWARE AVENUE STREET 2: 40TH FLOOR CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL MASTER CREDIT CARD TRUST I DATE OF NAME CHANGE: 19951219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHASE MANHATTAN BANK /NY/ CENTRAL INDEX KEY: 0000835271 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 134994650 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-22687 FILM NUMBER: 98634051 BUSINESS ADDRESS: STREET 1: 270 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122706000 MAIL ADDRESS: STREET 1: 270 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL BANK DATE OF NAME CHANGE: 19930521 8-K 1 FORM 8-K AS OF 5/15/98 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: May 15, 1998 CHASE CREDIT CARD MASTER TRUST (formerly known as "Chemical Master Credit Card Trust I"), Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-4, Series 1997-5 and Series 1998-2 ----------------------------------------------------------- (Issuer of Securities) CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION (formerly known as "The Chase Manhattan Bank (USA)") (Sponsor of the Trust) (Exact name of registrant as specified in its charter) United States 33-40006 22-2382028 --------------- ------------- --------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 802 Delaware Avenue, Wilmington, Delaware 19801 ----------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (302) 575-5050 Item 5. Other Events. ------------- On or about May 15, 1998 Monthly Interest as defined in the Pooling and Servicing Agreement dated as of October 19, 1995 (the "Agreement") between The Chase Manhattan Bank (formerly known as 'Chemical Bank') and The Bank of New York, as Trustee (the "Trustee"), was distributed to holders ("Certificateholders") of participations in the Chase Credit Card Master Trust (formerly known as "Chemical Master Credit Card Trust I") for Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-4 and Series 1997-5 in accordance with the Agreement. Copies of the applicable Monthly Reports, as defined in the Agreement, have been furnished to Certificateholders in accordance with the Agreement. Copies of those Monthly Reports are being filed as Exhibit 20.1 to this Current Report on Form 8-K. Item 7(c). Exhibits -------- Exhibit No. Description ----------- ----------- 20.1 Monthly Reports with respect to the May 15, 1998 distribution SIGNATURES ---------- Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized. THE CHASE MANHATTAN BANK, AS SERVICER By: /s/Patrick Margey --------------------- Name: Patrick Margey Title: Vice President Dated: May 29, 1998 INDEX TO EXHIBITS ----------------- Exhibit No. Description ---------- ----------- 20.1 Monthly Reports with respect to the May 15, 1998 distribution EX-20.1 2 MONTHLY REPORT FOR MONTH ENDED 4/30/98 Chase Manhattan Bank USA, N.A. Monthly Certificateholder's Statement Chase Credit Card Master Trust Series 1996-4 Distribution Date: 5/15/98 Section 5.2 - Supplement Class A Class B Collateral Total - ------------------------------------------------------------------------------------------------------------------------------------ (i) Monthly Principal Distributed 0.00 0.00 0.00 0.00 (ii) Monthly Interest Distributed 6,750,625.00 583,937.64 0.00 7,334,562.64 Deficiency Amounts 0.00 0.00 0.00 Additional Interest 0.00 0.00 0.00 Accrued and Unpaid Interest 0.00 0.00 (iii) Collections of Principal Receivables 146,805,255.42 12,233,701.38 15,729,204.42 174,768,161.21 (iv) Collections of Finance Charge Receivables 19,645,958.03 1,637,153.81 2,104,933.43 23,388,045.27 (v) Aggregate Amount of Principal Receivables 16,053,462,166.01 Investor Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67 Adjusted Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67 Series Floating Investor Percentage 10.38% 84.00% 7.00% 9.00% 100.00% Fixed Investor Percentage 10.38% 84.00% 7.00% 9.00% 100.00% (vi) Receivables Delinquent (As % of Total Receivables) Current 95.41% 30 to 59 days 1.53% 60 to 89 days 1.04% 90 or more days 2.02% Total Receivables 100.00% (vii) Investor Default Amount 7,576,562.47 631,376.60 811,778.16 9,019,717.22 (viii) Investor Charge-Offs 0.00 0.00 0.00 0.00 (ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00 (x) Servicing Fee 1,166,666.67 97,221.67 125,000.56 1,388,888.89 (xi) Portfolio Yield (Net of Defaulted Receivables) 10.35% (xii) Reallocated Monthly Principal 0.00 0.00 0.00 (xiii) Closing Investor Interest (Class A Adjusted) 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67 (xiv) LIBOR 5.65625% (xv) Principal Funding Account Balance 0.00 (xvi) Accumulation Shortfall 0.00 (xvii) Principal Funding Investment Proceeds 0.00 (xviii)Principal Investment Funding Shortfall ====================== (xix) Available Funds 18,479,291.36 1,539,932.15 1,979,932.87 21,999,156.38 (xx) Certificate Rate 5.7863% 6.0063% 6.2813% - ------------------------------------------------------------------------------------------------------------------------------------ Chase Manhattan Bank USA, N.A. Monthly Certificateholder's Statement Chase Credit Card Master Trust Series 1997-1 Distribution Date: 5/15/98 Section 5.2 - Supplement Class A Class B Collateral Total - ------------------------------------------------------------------------------------------------------------------------------------ (i) Monthly Principal Distributed 0.00 0.00 0.00 0.00 (ii) Monthly Interest Distributed 5,506,822.92 474,872.48 0.00 5,981,695.40 Deficiency Amounts 0.00 0.00 0.00 Additional Interest 0.00 0.00 0.00 Accrued and Unpaid Interest 0.00 0.00 (iii) Collections of Principal Receivables 120,590,031.23 10,049,134.32 12,920,395.44 143,559,560.99 (iv) Collections of Finance Charge Receivables 16,137,751.24 1,344,807.93 1,729,049.45 19,211,608.61 (v) Aggregate Amount of Principal Receivables 16,053,462,166.01 Investor Interest 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00 Adjusted Interest 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00 Series Floating Investor Percentage 8.53% 84.00% 7.00% 9.00% 100.00% Fixed Investor Percentage 8.53% 84.00% 7.00% 9.00% 100.00% (vi) Receivables Delinquent (As % of Total Receivables) Current 95.41% 30 to 59 days 1.53% 60 to 89 days 1.04% 90 or more days 2.02% Total Receivables 100.00% (vii) Investor Default Amount 6,223,604.88 518,631.94 666,816.61 7,409,053.43 (viii) Investor Charge-Offs 0.00 0.00 0.00 0.00 (ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00 (x) Servicing Fee 958,333.33 79,860.83 102,678.85 1,140,873.02 (xi) Portfolio Yield (Net of Defaulted Receivables) 10.35% (xii) Reallocated Monthly Principal 0.00 0.00 0.00 (xiii) Closing Investor Interest (Class A Adjusted) 1,150,000,000.00 95,833,000.00 123,214,619.00 1,369,047,619.00 (xiv) LIBOR 5.65625% (xv) Principal Funding Account Balance 0.00 (xvi) Accumulation Shortfall 0.00 (xvii) Principal Funding Investment Proceeds 0.00 (xviii)Principal Investment Funding Shortfall ====================== (xix) Available Funds 15,179,417.90 1,264,947.09 1,626,370.60 18,070,735.60 (xx) Certificate Rate 5.7463% 5.9463% 6.3063% - ------------------------------------------------------------------------------------------------------------------------------------ Chase Manhattan Bank USA, N.A. Monthly Certificateholder's Statement Chase Credit Card Master Trust Series 1997-2 Distribution Date: 5/15/98 Section 5.2 - Supplement Class A Class B Collateral Total - ------------------------------------------------------------------------------------------------------------------------------------ (i) Monthly Principal Distributed 0.00 0.00 0.00 0.00 (ii) Monthly Interest Distributed 7,875,000.00 458,095.13 0.00 8,333,095.13 Deficiency Amounts 0.00 0.00 0.00 Additional Interest 0.00 0.00 0.00 Accrued and Unpaid Interest 0.00 0.00 (iii) Collections of Principal Receivables 157,291,345.09 8,936,979.65 12,511,840.19 178,740,164.92 (iv) Collections of Finance Charge Receivables 21,049,240.74 1,195,975.76 1,674,375.26 23,919,591.76 (v) Aggregate Amount of Principal Receivables 16,053,462,166.01 Investor Interest 1,500,000,000.00 85,227,000.00 119,318,455.00 1,704,545,455.00 Adjusted Interest 1,500,000,000.00 85,227,000.00 119,318,455.00 1,704,545,455.00 Series Floating Investor Percentage 10.62% 88.00% 5.00% 7.00% 100.00% Fixed Investor Percentage 10.62% 88.00% 5.00% 7.00% 100.00% (vi) Receivables Delinquent (As % of Total Receivables) Current 95.41% 30 to 59 days 1.53% 60 to 89 days 1.04% 90 or more days 2.02% Total Receivables 100.00% (vii) Investor Default Amount 8,117,745.50 461,234.06 645,731.23 9,224,710.80 (viii) Investor Charge-Offs 0.00 0.00 0.00 0.00 (ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00 (x) Servicing Fee 1,250,000.00 71,022.50 99,432.05 1,420,454.55 (xi) Portfolio Yield (Net of Defaulted Receivables) 10.35% (xii) Reallocated Monthly Principal 0.00 0.00 0.00 (xiii) Closing Investor Interest (Class A Adjusted) 1,500,000,000.00 85,227,000.00 119,318,455.00 1,704,545,455.00 (xiv) LIBOR 5.65625% (xv) Principal Funding Account Balance 0.00 (xvi) Accumulation Shortfall 0.00 (xvii) Principal Funding Investment Proceeds 0.00 (xviii)Principal Investment Funding Shortfall ===================== (xix) Available Funds 19,799,240.74 1,124,953.26 1,574,943.21 22,499,137.21 (xx) Certificate Rate 6.3000% 6.4500% 6.1563% - ------------------------------------------------------------------------------------------------------------------------------------ Chase Manhattan Bank USA, N.A. Monthly Certificateholder's Statement Chase Credit Card Master Trust Series 1997-3 Distribution Date: 5/15/98 Section 5.2 - Supplement Class A Class B Collateral Total - ------------------------------------------------------------------------------------------------------------------------------------ (i) Monthly Principal Distributed 0.00 0.00 0.00 0.00 (ii) Monthly Interest Distributed 0.00 104,273.51 0.00 104,273.51 Deficiency Amounts 0.00 0.00 0.00 Additional Interest 0.00 0.00 0.00 Accrued and Unpaid Interest 0.00 0.00 (iii) Collections of Principal Receivables 26,215,224.18 2,184,567.06 2,808,809.01 31,208,600.26 (iv) Collections of Finance Charge Receivables 3,508,206.79 292,345.89 375,883.98 4,176,436.66 (v) Aggregate Amount of Principal Receivables 16,053,462,166.01 Investor Interest 250,000,000.00 20,833,000.00 26,786,048.00 297,619,048.00 Adjusted Interest 250,000,000.00 20,833,000.00 26,786,048.00 297,619,048.00 Series Floating Investor Percentage 1.85% 84.00% 7.00% 9.00% 100.00% Fixed Investor Percentage 1.85% 84.00% 7.00% 9.00% 100.00% (vi) Receivables Delinquent (As % of Total Receivables) Current 95.41% 30 to 59 days 1.53% 60 to 89 days 1.04% 90 or more days 2.02% Total Receivables 100.00% (vii) Investor Default Amount 1,352,957.58 112,744.66 144,961.55 1,610,663.79 (viii) Investor Charge-Offs 0.00 0.00 0.00 0.00 (ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00 (x) Servicing Fee 208,333.33 17,360.83 22,321.71 248,015.87 (xi) Portfolio Yield (Net of Defaulted Receivables) 10.35% (xii) Reallocated Monthly Principal 0.00 0.00 0.00 (xiii) Closing Investor Interest (Class A Adjusted) 250,000,000.00 20,833,000.00 26,786,048.00 297,619,048.00 (xiv) LIBOR 5.65625% (xv) Principal Funding Account Balance 0.00 (xvi) Accumulation Shortfall 0.00 (xvii) Principal Funding Investment Proceeds 0.00 (xviii)Principal Investment Funding Shortfall =================== (xix) Available Funds 3,305,742.99 274,985.05 353,562.28 3,934,290.32 (xx) Certificate Rate 6.7770% 6.0063% 6.4063% - ------------------------------------------------------------------------------------------------------------------------------------ Chase Manhattan Bank USA, N.A. Monthly Certificateholder's Statement Chase Credit Card Master Trust Series 1997-4 Distribution Date: 5/15/98 Section 5.2 - Supplement Class A Class B Collateral Total - ------------------------------------------------------------------------------------------------------------------------------------ (i) Monthly Principal Distributed 0.00 0.00 0.00 0.00 (ii) Monthly Interest Distributed 2,908,125.00 250,677.08 0.00 3,158,802.08 Deficiency Amounts 0.00 0.00 0.00 Additional Interest 0.00 0.00 0.00 Accrued and Unpaid Interest 0.00 0.00 (iii) Collections of Principal Receivables 62,916,538.04 5,243,044.84 6,741,057.72 74,900,640.59 (iv) Collections of Finance Charge Receivables 8,419,696.30 701,641.36 902,110.33 10,023,447.98 (v) Aggregate Amount of Principal Receivables 16,053,462,166.01 Investor Interest 600,000,000.00 50,000,000.00 64,285,715.00 714,285,715.00 Adjusted Interest 600,000,000.00 50,000,000.00 64,285,715.00 714,285,715.00 Series Floating Investor Percentage 4.4494185% 84.00% 7.00% 9.00% 100.00% Fixed Investor Percentage 4.45% 84.00% 7.00% 9.00% 100.00% (vi) Receivables Delinquent (As % of Total Receivables) Current 95.41% 30 to 59 days 1.53% 60 to 89 days 1.04% 90 or more days 2.02% Total Receivables 100.00% (vii) Investor Default Amount 3,247,098.20 270,591.52 347,903.38 3,865,593.10 (viii) Investor Charge-Offs 0.00 0.00 0.00 0.00 (ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00 (x) Servicing Fee 500,000.00 41,666.67 53,571.43 595,238.10 (xi) Portfolio Yield (Net of Defaulted Receivables) 10.35% (xii) Reallocated Monthly Principal 0.00 0.00 0.00 (xiii) Closing Investor Interest (Class A Adjusted) 600,000,000.00 50,000,000.00 64,285,715.00 714,285,715.00 (xiv) LIBOR 5.65625% (xv) Principal Funding Account Balance 0.00 (xvi) Accumulation Shortfall 0.00 (xvii) Principal Funding Investment Proceeds 0.00 (xviii)Principal Investment Funding Shortfall ==================== (xix) Available Funds 7,919,696.30 659,974.69 848,538.90 9,428,209.89 (xx) Certificate Rate 5.8163% 6.0163% 6.2563% - ------------------------------------------------------------------------------------------------------------------------------------ Chase Manhattan Bank USA, N.A. Monthly Certificateholder's Statement Chase Credit Card Master Trust Series 1997-5 Distribution Date: 5/15/98 Section 5.2 - Supplement Class A Class B Collateral Total - ------------------------------------------------------------------------------------------------------------------------------------ (i) Monthly Principal Distributed 0.00 0.00 0.00 0.00 (ii) Monthly Interest Distributed 2,580,833.33 151,230.58 0.00 2,732,063.91 Deficiency Amounts 0.00 0.00 0.00 Additional Interest 0.00 0.00 0.00 0.00 Accrued and Unpaid Interest 0.00 (iii) Collections of Principal Receivables 52,430,448.36 2,978,993.22 4,170,613.47 59,580,055.04 (iv) Collections of Finance Charge Receivables 7,016,413.58 398,658.59 558,125.09 7,973,197.26 (v) Aggregate Amount of Principal Receivables 16,053,462,166.01 Investor Interest 500,000,000.00 28,409,000.00 39,772,819.00 568,181,819.00 Adjusted Interest 500,000,000.00 28,409,000.00 39,772,819.00 568,181,819.00 Series Floating Investor Percentage 3.54% 88.00% 5.00% 7.00% 100.00% Fixed Investor Percentage 3.54% 88.00% 5.00% 7.00% 100.00% (vi) Receivables Delinquent (As % of Total Receivables) Current 95.41% 30 to 59 days 1.53% 60 to 89 days 1.04% 90 or more days 2.02% Total Receivables 100.00% (vii) Investor Default Amount 2,705,915.17 153,744.69 215,243.75 3,074,903.60 (viii) Investor Charge-Offs 0.00 0.00 0.00 0.00 (ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00 (x) Servicing Fee 416,666.67 23,674.17 33,144.02 473,484.85 (xi) Portfolio Yield (Net of Defaulted Receivables) 10.35% (xii) Reallocated Monthly Principal 0.00 0.00 0.00 (xiii) Closing Investor Interest (Class A Adjusted) 500,000,000.00 28,409,000.00 39,772,819.00 568,181,819.00 (xiv) LIBOR 5.65625% (xv) Principal Funding Account Balance 0.00 (xvi) Accumulation Shortfall 0.00 (xvii) Principal Funding Investment Proceeds 0.00 (xviii)Principal Investment Funding Shortfall ====================== (xix) Available Funds 6,599,746.91 374,984.42 524,981.08 7,499,712.41 (xx) Certificate Rate 6.19400% 6.38800% 6.30625% - ------------------------------------------------------------------------------------------------------------------------------------ Chase Manhattan Bank USA, N.A. Monthly Certificateholder's Statement Chase Credit Card Master Trust Series 1998-2 Distribution Date: 5/15/98 Section 5.2 - Supplement Class A Class B Collateral Total - ------------------------------------------------------------------------------------------------------------------------------------ (i) Monthly Principal Distributed 0.00 0.00 0.00 0.00 (ii) Monthly Interest Distributed 8,490,004.89 328,121.72 0.00 8,818,126.61 Deficiency Amounts 0.00 0.00 0.00 Additional Interest 0.00 0.00 0.00 Accrued and Unpaid Interest 0.00 0.00 (iii) Collections of Principal Receivabl 83,888,717.38 6,990,656.54 8,988,146.83 99,867,520.76 (iv) Collections of Finance Charge Receivables 11,226,261.73 935,512.46 1,202,823.12 13,364,597.30 (v) Aggregate Amount of Principal Receivables 16,053,462,166.01 Investor Interest 800,000,000.00 66,666,000.00 85,714,953.00 952,380,953.00 Adjusted Interest 800,000,000.00 66,666,000.00 85,714,953.00 952,380,953.00 Series Floating Investor Percentage 5.93% 84.00% 7.00% 9.00% 100.00% Fixed Investor Percentage 5.93% 84.00% 7.00% 9.00% 100.00% (vi) Receivables Delinquent (As % of Total Receivables) Current 95.41% 30 to 59 days 1.53% 60 to 89 days 1.04% 90 or more days 2.02% Total Receivables 100.00% (vii) Investor Default Amount 4,329,464.27 360,785.08 463,874.78 5,154,124.13 (viii) Investor Charge-Offs 0.00 0.00 0.00 0.00 (ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00 (x) Servicing Fee 666,666.67 55,555.00 71,429.13 793,650.79 (xi) Portfolio Yield (Net of Defaulted Receivables) 10.35% (xii) Reallocated Monthly Principal 0.00 0.00 0.00 (xiii) Closing Investor Interest (Class A Adjusted) 800,000,000.00 66,666,000.00 85,714,953.00 952,380,953.00 (xiv) LIBOR 5.65625% (xv) Principal Funding Account Balance 0.00 (xvi) Accumulation Shortfall 0.00 (xvii) Principal Funding Investment Proceeds 0.00 (xviii)Principal Investment Funding Shortfall ====================== (xix) Available Funds 15,296,368.32 879,957.46 1,131,393.99 17,307,719.77 (xx) Certificate Rate 5.6597% 5.9063% 6.1313% - ------------------------------------------------------------------------------------------------------------------------------------
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