-----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, VaS6xHPLsDKncYubBbjdiLK/JR7d/k0ZxnLOu0nk5DOKiXK1b2/mwsIPofMsfNxc tAJn/Ze+f/8P6nSY8VPkqw== 0000889812-00-001447.txt : 20000331 0000889812-00-001447.hdr.sgml : 20000331 ACCESSION NUMBER: 0000889812-00-001447 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000330 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: 10-K SEC ACT: SEC FILE NUMBER: 000-28338 FILM NUMBER: 586353 BUSINESS ADDRESS: STREET 1: 802 DELAWARE AVENUE CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3025755050 MAIL ADDRESS: STREET 1: 270 PARK AVENUE STREET 2: 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 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 USA CENTRAL INDEX KEY: 0000869090 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 222382028 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 000-19191 FILM NUMBER: 586354 BUSINESS ADDRESS: STREET 1: 802 DELAWARE AVE STREET 2: 13TH FLOOR CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3025755033 MAIL ADDRESS: STREET 1: 802 DELAWARE AVE 13TH FL STREET 2: 802 DELAWARE AVE 13TH FL CITY: WILMINGTON STATE: DE ZIP: 19801 10-K 1 ANNUAL REPORT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------------------- FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE - --- SECURITIES EXCHANGE ACT OF 1934. For the Fiscal Year Ended: December 31, 1999 OR _____ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____ to _____ Commission file numbers 33-94190, 333-04607 and 333-74303 Chase Credit Card Master Trust (formerly known as "Chemical Master Credit Card Trust I") (issuer) Chase Manhattan Bank USA, National Association (depositor) (Exact name of registrant as specified in its charter) USA 22-2382028 (State of Other Jurisdiction of (IRS Employer Identification Number) Incorporation or Organization) 802 Delaware Avenue, Wilmington, Delaware 19801 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (302) 575-5050 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange of Which Registered NONE N/A Securities registered pursuant to Section 12(g) of the Act: NONE (Title of Class) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such reports), and (2) has been subject to such filing requirements for the last 90 days: Yes X No --- --- Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K or any amendment to this Form 10-K. X --- State the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrants. The aggregate value shall be computed by reference to the price at which the common equity was sold, or the average bid and asked prices of such common equity, as of a specified date within 60 days prior to the date of filing. The registrant has no voting or non-voting common outstanding as of the date of this report. The registrant is a trust that has issued certificates of beneficial interest in the trust assets. DOCUMENTS INCORPORATED BY REFERENCE. List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) any annual report to security holders; (2) any proxy or information statement; and (3) any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 31, 1999). None. Introductory Note Chase Master Credit Card Trust I (the predecessor of Chase Credit Card Master Trust (the "Trust") was formed pursuant to a Pooling and Servicing Agreement, as amended (the "Agreement") between The Chase Manhattan Bank (formerly known as Chemical Bank), as seller and servicer, and an unrelated trustee (the "Trustee"). The Trust files reports pursuant to Section 13, 15(d) and 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in the manner described in letters dated January 16, 1991 and March 14, 1991, submitted to the Office of Chief Counsel on behalf of the originators of the Trust. Accordingly, responses to certain Items have been omitted from or modified in this Annual Report on Form 10-K. The Chase Credit Card Master Trust is the Issuer of Asset Backed Certificates, Series 1995-2, Series 1995-3, Series 1995-4, Series 1996-1, Series 1996-2, Series 1996-3, Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6, Series 1999-1, Series 1999-2 and Series 1999-3. Part I Item 1. Business Omitted. Item 2. Properties Pursuant to the Agreement, the Bank has transferred to the Trust from time to time the receivables (the "Receivables") arising in certain designated credit card accounts. The aggregate Investor Default Amount for the year ended December 1999 was $958,577,476.00. There were no Investor Charge-offs for the same period. As of December 31, 1999, Accounts designated for the Master Trust having an aggregate balance of $250,538,821.15, or 1.26% of all Receivables, were delinquent 30 - 59 days; Accounts having an aggregate balance of $183,154,249.55, or .92% of all Receivables, were delinquent 60 - 89 days; and Accounts having an aggregate balance of $259,279,134.38, or 1.94% of all Receivables, were delinquent 90 days or more. Item 3. Legal Proceedings The Registrant knows of no material pending legal proceedings with respect to the Trust, the Trustee, The Chase Manhattan Bank or Chase Manhattan Bank USA, National Association Item 4. Submission of Matters to a Vote of Security Holders No matter was submitted to a vote of Certificateholders during the fiscal year covered by this report. Part II Item 5. Market for Registrant's Common Equity and Related Stockholders Matters To the knowledge of the registrant, the Certificates are traded in the over-the-counter market to a limited extent. As of December 31, 1999, all of the Certificates were registered in the name of CEDE and Co. The registrant understands that CEDE and Co. is the nominee for the Depository Trust Company ("DTC"). The registrant further understands that DTC has no knowledge of the actual beneficial owners of the Certificates held of record by CEDE & Co., and that DTC knows only the identity of the participants to those whose accounts such Certificates are credited, who may or may not be the beneficial owners of the Certificates. The Commission has concurred with the registrant's position that the registrant may consider holders of interests in the DTC System or DTC participants to be "holders of record" and the following information is presented on that basis: Series # of Holders --------- ------------------ 1995-2 Class A 72 Class B 3 1995-3 Class A 64 Class B 7 1995-4 Class A 15 Class B 2 1996-1 Class A 58 Class B 9 1996-2 Class A 47 Class B 5 1996-3 Class A 35 Class B 2 1996-4 Class A 34 Class B 6 1997-1 Class A 23 Class B 5 1997-2 Class A 56 Class B 6 1997-3 Class A 10 Class B 2 1997-4 Class A 14 Class B 2 1997-5 Class A 36 Class B 2 1998-2 Class A 5 Class B 2 1998-3 Class A 55 Class B 3 1998-5 Class A 7 Class B 2 1998-6 Class A 27 Class B 7 1999-1 Class A 11 Class B 4 1999-2 Class A 1 Class B 3 1999-3 1 Item 6. Selected Financial Data Omitted. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Omitted. Item 8. Financial Statements and Supplementary Data Omitted. Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None. Part III Item 10. Directors and Executive Officers of the Registrant Omitted. Item 11. Executive Compensation Omitted. Item 12. Security Ownership of Certain Beneficial Owners and Management For the purposes of this Item 12, the records of DTC indicate that at December 31, 1999, the participants in the DTC system that held positions in Certificates representing interests in the Trust equal to more than 5% of the total principal amount of one or more classes of Certificates outstanding on that date are as follows:
- -------------------------------------------------------------------------------------------- Name & Address of Participant Original Certificate % of Class Principal Balance - -------------------------------------------------------------------------------------------- Series 1995-2 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 97,198,000 16.20% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 48,150,000 8.03% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 32,718,000 5.45% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 59,935,000 9.99% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Fifth Third Bank 40,900,000 6.82% /State Teachers Retirement of Ohio 275 East Broad Street Columbus, OH 43215 - -------------------------------------------------------------------------------------------- Northern Trust Company (The) 30,500,000 5.08% 801 S. Canal C-In Chicago, Il 60607 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 61,625,000 10.27% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Chase Manhattan Bank 5,000,000 14.67% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 19,090,000 56.00% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- FUNB - PHILA. Main 10,000,000 29.33% 123 South Broad Street Philadelphia, PA 19109 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1995-3 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 77,378,000 17.20% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 70,220,000 15.60% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 42,100,000 9.36% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 72,332,000 16.07% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 67,727,000 15.05% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 14,550,000 56.91% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Chase Securities Inc. 5,000,000 19.56% 55 Water Street, Room 434 New York, NY 10041 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 2,500,000 9.78% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Series 1995-4 Class A - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Bank of New York (The) 37,500,000 12.50% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 20,060,000 6.69% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 72,265,000 24.09% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Chase Bank/Greenwich Capital 26,000,000 8.67% 4 New York Plaza 21 Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Fuji Bank and Trust Company (The) 50,000,000 16.67% 2 World Trade Center, 81st Floor New York, NY 10048 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 41,000,000 13.67% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bank One Trust Company, N.A. 11,428,000 53.33% 1900 Polaris Parkway 4th Floor Columbus, OH 43240 - -------------------------------------------------------------------------------------------- Citibank, N.A. 10,000,000 46.67% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1996-1 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 64,352,500 9.19% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 97,095,000 13.87% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 82,598,000 11.80% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Chase Manhattan Bank 93,490,000 13.36% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 38,750,000 5.54% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- Northern Trust Company (The) 38,910,000 5.56% 801 S. Canal C-In Chicago, IL 60607 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 96,425,000 13.78% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bankers Trust Company 8,500,000 21.37% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 3,200,000 8.05% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 12,500,000 31.43% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- Commerce Bank of Kansas City, N.A. 2,150,000 5.41% 922 Walnut Kansas City, MO 64106 - -------------------------------------------------------------------------------------------- FUNB - PHILA. Main 2,772,000 7.00% 123 South Broad Street Philadelphia, PA 19109 - -------------------------------------------------------------------------------------------- SSB - Bank Portfolio 8,000,000 20.11% 1776 Heritage Dr. Global Corporate Action Unit JAB 5NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Series 1996-2 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 84,520,000 15.37% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 102,300,000 18.60% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Chase Manhattan Bank 96,780,000 17.60% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Northern Trust Company (The) 52,705,000 9.58% 801 S. Canal C-In Chicago, IL 60607 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 65,140,000 11.84% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Suntrust Bank/Safekeeping 50,000,000 9.09% Custodian for STES 303 Peachtree Street, 23rd Floor Atlanta, GA 30302 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 20,250,000 64.80% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Chase Securities Inc. 3,500,000 11.20% 55 Water Street, Room 434 New York, NY 10041 - -------------------------------------------------------------------------------------------- Commerce Bank of Kansas City, N.A. 4,750,000 15.20% 922 Walnut Kansas City, MO 64106 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 2,500,000 8.00% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Series 1996-3 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 61,349,000 14.89% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 34,510,000 8.38% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 101,975,000 24.75% 4 New York Plaza 13th Floor New York, NY 10004 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Deutsche Bank Securities Inc. 22,945,000 5.57% 175 Water Street New York, NY 10038 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 85,680,000 20.80% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Citibank, N.A. 22,408,000 95.73% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- Series 1996-4 Class A - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 96,685,000 6.91% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 334,170,000 23.87% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 245,850,052 17.56% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 206,366,000 14.75% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bankers Trust Company 15,000,000 12.86% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Bank One Trust Company, N.A. 12,666,000 10.86% 1900 Polaris Parkway 4th Floor Columbus, OH 43240 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 10,000,000 8.57% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Chase Manhattan Bank 49,000,000 42.00% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Fuji Bank and Trust Company (The) 25,000,000 21.43% 2 World Trade Center, 81st Floor New York, NY 10048 - -------------------------------------------------------------------------------------------- Series 1997-1 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 88,250,000 7.67% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 60,000,000 5.22% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Chase Bank of Texas, N.A. 187,900,000 16.34% P.O. Box 2558 Houston, TX 77252-8009 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 249,655,000 21.71% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 100,010,000 8.70% Correspondence Clearing Services 4 New York Plaza New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 199,500,000 13.35% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 61,325,000 5.33% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bankers Trust Company 25,000,000 26.09% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 41,833,000 43.65% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Chase Manhattan Bank 21,000,000 21.91% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 7,000,000 7.30% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Series 1997-2 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 106,605,500 7.11% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 82,060,000 5.47% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 98,005,000 6.53% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 439,268,000 29.28% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 102,550,000 6.84% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- Northern Trust Company (The) 83,746,000 5.58% 801 S. Canal C-In Chicago, IL 60607 - -------------------------------------------------------------------------------------------- Prudential Securities Custody 92,010,000 6.13% c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 155,665,000 10.38% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bank of New York (The) 35,000,000 41.07% 925 Patterson Plank Rd. Secaucus, NJ 07094 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Chase Manhattan Bank 17,227,000 20.21% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Prudential Securities Custody 17,000,000 19.95% c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 12,000,000 14.08% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Series 1997-3 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 34,000,000 13.60% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- The Bank of New York/CDC-FP 55,900,000 22.36% One Wall Street New York, NY 10286 - -------------------------------------------------------------------------------------------- Compass Bank 46,000,000 18.40% 701 South 20th Street - 11th Floor Birmingham, AL 35233 - -------------------------------------------------------------------------------------------- Northern Trust Company (The) 53,000,000 21.20% 801 S. Canal C-In Chicago, IL 60607 - -------------------------------------------------------------------------------------------- Zions-EPA 20,000,000 8.00% c/o Desert Trust Company P.O. Box 11558 Salt Lake City, UT 84147-0558 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bankers Trust Company 15,833,000 76.00% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Bank One Trust Company, N.A. 5,000,000 24.00% 1900 Polaris Parkway 4th Floor Columbus, OH 43240 - -------------------------------------------------------------------------------------------- Series 1997-4 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 170,000,000 28.33% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 207,000,000 34.50% 4 New York Plaza 13th Floor New York, NY 10004 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Citibank, N.A. 63,000,000 10.50% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- Lasalle National Bank 38,000,000 6.33% c/o ADP Proxy Services - -------------------------------------------------------------------------------------------- Norwest Bank Minnesota, 40,000,000 6.67% National Association 733 Marquette Avenue Minneapolis, MN 55479-0056 - -------------------------------------------------------------------------------------------- Northern Trust Company (The) 31,000,000 5.17% 801 S. Canal C-In Chicago, IL 60607 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bankers Trust Company 41,666,000 83.33% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 8,334,000 16.67% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1997-5 Class A - -------------------------------------------------------------------------------------------- Bankers Trust Company 68,555,000 13.71% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 50,030,000 10.01% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Brown Brothers Harriman & Co. 61,465,000 12.29% 63 Wall Street, 8th Floor New York, NY 10005 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 47,960,000 9.59% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 58,730,000 11.75% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- PNC Bank, National Association 35,115,000 7.02% 1600 Market Street 29th Floor Philadelphia, PA 19103 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 83,320,000 16.66% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bank of New York (The) 18,409,000 64.80% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Citibank, N.A. 10,000,000 35.20% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1998-2 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 200,000,000 25.00% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 65,000,000 8.13% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 370,000,000 46.25% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Deutsche Bank A.G., New York 75,000,000 9.38% Branch 31 West 52nd Street New York, NY 10019 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 90,000,000 11.25% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bankers Trust Company 60,000,000 90.00% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 6,666,000 10.00% 4 New York Plaza 13th Floor New York, NY 10004 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Series 1998-3 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 71,055,000 11.84% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 88,755,000 14.79% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 82,870,000 13.81% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 71,230,000 11.87% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 62,760,000 10.46% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- Northern Trust Company (The) 40,410,000 6.74% 801 S. Canal C-In Chicago, IL 60607 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 100,410,000 16.74% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bank of New York (The) 12,090,000 35.46% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 17,000,000 48.88% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- First Union Securities, Inc. 5,000,000 14.67% 8739 Research Blvd. Charlotte, NC 28262-0675 - -------------------------------------------------------------------------------------------- Series 1998-5 Class A - -------------------------------------------------------------------------------------------- Bankers Trust Company 275,000,000 42.31% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 50,000,000 7.69% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 167,000,000 25.69% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 54,000,000 8.31% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- Norwest Bank Minnesota, 54,000,000 8.31% National Association 733 Marquette Avenue Minneapolis, MN 55479-0056 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bankers Trust Company 39,000,000 72.00% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Bank One Trust Company, N.A. 15,166,000 28.00% 1900 Polaris Parkway 4th Floor Columbus, OH 43240 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1998-6 Class A - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Bank of New York (The) 47,690,000 7.33% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 99,255,000 15.27% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 219,545,000 33.78% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 170,210,000 26.19% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 56,370,000 8.67% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bank of New York (The) 12,500,000 23.08% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 9,066,000 16.74% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Bank One Trust Company, N.A. 13,000,000 24.00% 1900 Polaris Parkway 4th Floor Columbus, OH 43240 - -------------------------------------------------------------------------------------------- Harris Trust & Savings Bank 4,000,000 7.38% Proxy Operations 41 South High Street Columbus, OH 43287 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 13,500,000 24.92% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1999-1 Class A - -------------------------------------------------------------------------------------------- Bank of New York (The) 103,000,000 13.73% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Boston Safe Deposit and Trust 110,000,000 14.67% Company c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259 - -------------------------------------------------------------------------------------------- Brown Brothers Harriman & Co. 38,000,000 5.07% 63 Wall Street, 8th Floor New York, NY 10005 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 207,000,000 27.60% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Citibank, N.A. 85,000,000 11.33% P.O. Box 30576 Tampa, FL 33630-3576 - -------------------------------------------------------------------------------------------- State Street Bank and Trust Co. 80,000,000 10.67% 1776 Heritage Dr. Global Corp. Action Unit JAB 5 NW No. Quincy, MA 02171 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------- U.S. Bank National Association 67,500,000 9.00% MPFP 1603 Proxy Unit 601 Second Avenue South Minneapolis, MN 55402 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bank of New York (The) 10,000,000 16.00% 925 Patterson Plank Rd. Secaucus, NJ 07094 - -------------------------------------------------------------------------------------------- Bankers Trust Company 17,500,000 28.00% c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 - -------------------------------------------------------------------------------------------- Bank One Trust Company, N.A. 15,000,000 24.00% 1900 Polaris Parkway 4th Floor Columbus, OH 43240 - -------------------------------------------------------------------------------------------- Fuji Bank and Trust Company (The) 20,000,000 32.00% 2 World Trade Center, 81st Floor New York, NY 10048 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1999-2 Class A - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 500,000,000 100.00% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Class B - -------------------------------------------------------------------------------------------- Bank One Trust Company, N.A. 14,666,000 35.20% 1900 Polaris Parkway 4th Floor Columbus, OH 43240 - -------------------------------------------------------------------------------------------- Chase Manhattan Bank 8,000,000 19.20% 4 New York Plaza 13th Floor New York, NY 10004 - -------------------------------------------------------------------------------------------- Fuji Bank and Trust Company (The) 19,000,000 45.60% 2 World Trade Center, 81st Floor New York, NY 10048 - -------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Series 1999-3 Chase Credit Card Owner Trust 100% 1999-3 - --------------------------------------------------------------------------------------------
Item 13. Certain Relationships and Related Transactions Omitted. Part IV Item 14. Exhibits, Financial Statement Schedules, and Reports of Form 8-K (a) The following documents are filed as part of this Annual Report on Form 10-K. Exhibit Number Description -------------- ----------- 23.1 Consent of Independent Accountants. 28.1 Annual Servicer's Certificate pursuant to Section 3.05 of the Agreement. 28.2 Management Report on Internal Control. 28.3 Annual Independent Accountants' Reports pursuant to Section 3.06 of the Agreement. (b) Reports on Form 8-K. The following Current Reports on Form 8-K were filed by the registrant during 1999: (1) Current Report on Form 8-K, filed on January 20, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the January 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (2) Current Report on Form 8-K, filed on January 20, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the January 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5 and Series 1998-6. (3) Current Report on Form 8-K, filed on February 12, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the November 15, 1998, December 15, 1998 and January 15, 1999 distribution with respect to Series 1995-4. (4) Current Report on Form 8-K, filed on February 22, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the February 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (5) Current Report on Form 8-K, filed on February 22, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the February 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5 and Series 1998-6. (6) Current Report on Form 8-K, filed on June 18, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the March 15, 1999, April 15, 1999 and May 17, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (7) Current Report on Form 8-K, filed on June 18, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the February 15, 1999, March 15, 1999 and April 15, 1999 distribution with respect to Series 1995-4. (8) Current Report on Form 8-K, filed on June 18, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the March 15, 1999, April 15, 1999 and May 17, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5 and Series 1998-6. (9) Current Report on Form 8-K, filed on June 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the June 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (10) Current Report on Form 8-K, filed on June 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the June 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6 and Series 1999-1. (11) Current Report on Form 8-K, filed on June 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the April 15, 1999 and May 17, 1999 distribution with respect to Series 1999-1. (12) Current Report on Form 8-K, filed on July 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the July 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (13) Current Report on Form 8-K, filed on July 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the May 17, 1999, June 15, 1999 and July 15, 1999 distribution with respect to Series 1995-4. (14) Current Report on Form 8-K, filed on July 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the July 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6 and Series 1999-1. (15) Current Report on Form 8-K, filed on August 27, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the August 16, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (16) Current Report on Form 8-K, filed on August 27, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the August 16, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6, Series 1999-1 and Series 1999-2. (17) Current Report on Form 8-K, filed on September 22, 1999, reporting Items 5 and 7, providing the Collateral Term Sheet with respect to the September 20, 1999 distribution with respect to Chase Credit Card Master Trust. (18) Current Report on Form 8-K, filed on September 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the September 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (19) Current Report on Form 8-K, filed on September 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the September 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6, Series 1999-1 and Series 1999-2 (20) Current Report on Form 8-K, filed on October 8, 1999, reporting Items 5 and 7, providing the Assignment No. 11 of Receivables in Additional Accounts on October 1, 1999 with respect to Chase Credit Card Master Trust. (21) Current Report on Form 8-K, filed on October 29, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the October 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1995-4, Series 1996-1, Series 1996-2 and Series 1996-3. (22) Current Report on Form 8-K, filed on October 29, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the August 16, 1999, September 15, 1999 and October 15, 1999 distribution with respect to Series 1995-4. (23) Current Report on Form 8-K, filed on October 29, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the October 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6, Series 1999-1 and Series 1999-2. (24) Current Report on Form 8-K, filed on November 22, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the November 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (25) Current Report on Form 8-K, filed on November 22, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the November 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6, Series 1999-1 and Series 1999-2. (26) Current Report on Form 8-K, filed on November 30, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the November 15, 1999 distribution with respect to Series 1999-3. (27) Current Report on Form 8-K, filed on December 23, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the December 15, 1999 distribution with respect to Series 1995-2, Series 1995-3, Series 1996-1, Series 1996-2 and Series 1996-3. (28) Current Report on Form 8-K, filed on December 23, 1999, reporting Items 5 and 7, providing the Monthly Certificateholders' Statement with respect to the December 15, 1999 distribution with respect to Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-3, Series 1997-4, Series 1997-5, Series 1998-2, Series 1998-3, Series 1998-5, Series 1998-6, Series 1999-1, Series 1999-2 and Series 1999-3. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: March 29, 2000 Chase Credit Card Master Trust by: The Chase Manhattan Bank By: /s/ Patrick Margey ----------------------------------- Name: Patrick Margey Title: Vice President Chase Credit Card Master Trust by: Chase Manhattan Bank USA, National Association By: /s/ Patricia Garvey ----------------------------------- Name: Patrick Garvey Title: Vice President INDEX TO EXHIBITS Exhibit Number: Description: - --------------- ------------------------ 23.1 Consent of Independent Accountants 28.1 Annual Servicer's Certificate pursuant to Section 3.05 of the Agreement 28.2 Management Report on Internal Controls 28.3 Annual Accountant's Report pursuant to Section 3.06 of the Agreement EX-23.1 2 CONSENT OF INDEPENDENT ACCOUNTANTS Exhibit 23.1 Consent of Independent Accountants We hereby consent to the incorporation by reference in the Prospectuses constituting part of the Registration Statements on Form S-3 (Nos. 33-94190, 333-04607 and 333-74303) of The Chase Manhattan Bank and Chase Manhattan Bank USA, National Association of our report dated March 15, 2000 appearing as Exhibit 23.1 of this Form 10-K. /s/ PRICEWATERHOUSECOOPERS LLP - ------------------------------- PRICEWATERHOUSECOOPERS LLP New York, New York March 15, 2000 EX-28.1 3 ANNUAL SERVICER'S CERTIFICATE Exhibit 28.1 ANNUAL SERVICER'S CERTIFICATE --------------------------------------------------- CHASE CREDIT CARD MASTER TRUST (formerly known as Chemical Master Credit Card Trust I) ---------------------------------------------------- The undersigned, a duly authorized representative of The Chase Manhattan Bank (formerly known as Chemical Bank), a banking corporation organized and existing under the laws of the State of New York ("Chase"), as Servicer pursuant to the Third Amended and Restated Pooling and Servicing Agreement dated as of November 15, 1999 (the "Pooling and Servicing Agreement") by and among Chase, Chase Manhattan Bank USA, National Association and The Bank of New York, as trustee (the "Trustee") does hereby certify that: 1. Chase is the Servicer under the Pooling and Servicing Agreement. 2. The undersigned is duly authorized pursuant to the Pooling and Servicing Agreement to execute and deliver this Certificate to the Trustee. 3. This Certificate is delivered pursuant to Section 3.5 of the Pooling and Servicing Agreement. 4. A review of the activities of the Servicer during the calendar year ended December 31,1999 was conducted under the supervision of the undersigned. 5. Based on such review, the Servicer has, to the best of the knowledge of the undersigned, fully performed all its obligations under the Pooling and Servicing Agreement throughout such period and no default in the performance of such obligations has occurred or is continuing except as set forth in paragraph 6 below. 6. The following is a description of each default in the performance of the Servicer's obligations under the provisions of the Pooling and Servicing Agreement, including any Supplement, known to the undersigned to have been made during such period which sets forth in detail (i) the nature of each such default, (ii) the action taken by the Servicer, if any, to remedy each such default and (iii) the current status of each such default: NONE IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 21st day of March, 2000. THE CHASE MANHATTAN BANK, as Servicer, By CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION By: /s/Keith Schuck ----------------------- Name: Keith Schuck Title: Vice President EX-28.2 4 MANAGEMENT REPORT ON INTERNAL CONTROLS Exhibit 28.2 [CHASE LOGO] The Chase Manhattan Bank Hicksville, NY March 15, 2000 Management Report on Internal Control over Servicing of Securitized Credit Card Receivables - ------------------------------------------------ Management of The Chase Manhattan Bank is responsible for establishing and maintaining an effective system of internal control over servicing of securitized credit card receivables, which is designed to provide reasonable assurance regarding the proper servicing of securitized credit card receivables. The system contains self-monitoring mechanisms, and actions are taken to correct deficiencies as they are identified. There are inherent limitations in the effectiveness of any system of internal control, including the possibility of human error and the circumvention or overriding of controls. Accordingly, even an effective internal control system can provide only reasonable assurance with respect to servicing of securitized credit card receivables. Further, because of changes in conditions, the effectiveness of an internal control system may vary over time. Management of The Chase Manhattan Bank assessed its system of internal control over servicing of securitized credit card receivables as of December 31, 1999 in relation to criteria for effective internal control described in "Internal Control-Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management believes that, as of December 31, 1999, The Chase Manhattan Bank maintained an effective system of internal control over servicing of securitized credit card receivables. /s/Richard Srednicki - -------------------- Richard Srednicki Executive Vice President The Chase Manhattan Bank /s/ Michael Van Praag - --------------------- Michael Van Praag Senior Vice President The Chase Manhattan Bank EX-28.3 5 REPORT OF INDEPENDENT ACCOUNTANTS Exhibit 28.3 Report of Independent Accountants March 15, 2000 The Chase Manhattan Bank, Servicer and Chase Manhattan Bank USA, N.A., Transferor, and The Bank of New York, Trustee We have examined management's assertion that, as of December 31, 1999, The Chase Manhattan Bank maintained an effective system of internal control over servicing of securitized credit card receivables, included in the accompanying Management Report on Internal Control over Servicing of Securitized Credit Card Receivables. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly included obtaining an understanding of internal control over servicing of securitized credit card receivables, testing and evaluating the design and operating effectiveness of internal control, and such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Because of inherent limitations in internal control, errors or irregularities may occur and not be detected. Also, projections of any evaluation of the system of internal control over servicing of securitized credit card receivables to future periods are subject to the risk that internal control may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. In our opinion, management's assertion that, as of December 31, 1999, The Chase Manhattan Bank maintained an effective system of internal control over servicing of securitized credit card receivables, is fairly stated, in all material respects, based upon the criteria for effective internal control described in "Internal Control - Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission. /s/ PRICEWATERHOUSECOOPERS LLP - ------------------------------ -----END PRIVACY-ENHANCED MESSAGE-----