-----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, RtyJ2fNf+2a5kVi1GT6VB3dBv01tP0QB2jzUhoHHyol0Ign3b+6BU/hXM2+GxNXM +6iTPItosqiZdTJhsw6o7Q== 0001125282-01-501060.txt : 20010628 0001125282-01-501060.hdr.sgml : 20010628 ACCESSION NUMBER: 0001125282-01-501060 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010615 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHASE MANHATTAN AUTO OWNER TRUST 1998-B CENTRAL INDEX KEY: 0001057445 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 222382028 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19191-01 FILM NUMBER: 1669138 BUSINESS ADDRESS: STREET 1: 802 DELAWARE AVENUE CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3025755033 MAIL ADDRESS: STREET 1: 802 DELAWARE AVENUE CITY: WILMINGTON STATE: DE ZIP: 19801 8-K 1 b312334_8k.txt CURRENT REPORT 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: June 15, 2001 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION ----------------------------------------------------------------------- (Originator of the Trust referred to herein) CHASE MANHATTAN AUTO OWNER TRUST 1998-B -------------------------------------------------------- (Issuer) (Exact name of the registrant as specified in its charter) United States 333-36939 22-2382028 - ---------------------------- ------------------------ -------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 200 White clay Center Drive, Newark, DE 19711-5466 -------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (302) 575-5000 Item 5. Other Events: Chase Manhattan Auto Owner Trust 1998-B is the issuer of four outstanding classes of Asset Backed Notes and a single class of Asset Backed Certificates. The notes and certificates are serviced in accordance with the Sale and Servicing Agreement, dated as of April 1, 1998, as amended. The parties to the Sale and Servicing Agreement are: Chase Manhattan Bank USA, National Association ("Chase USA"), as seller and as servicer, and Chase Manhattan Owner Trust, as issuer. On June 15, 2001, Chase USA, as servicer, distributed monthly interest to the holders of the notes and certificates. Chase USA furnished a copy of the monthly statement to certificateholders for each of the series as required by the Sale and Servicing Agreement. A copy of the monthly statement to certificateholders is being filed as Exhibit 20.1 to this Current Report on Form 8-K. Item 7(c). Exhibits Exhibits Description -------- ----------- 20.1 Monthly Statement to Certificateholders with respect to the June 15, 2001 distribution. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: June 27, 2001 By: CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION as Servicer By: /s/ Patricia Garvey ----------------------- Name: Patricia Garvey Title: Vice President INDEX TO EXHIBITS ----------------- Exhibit No. Description - ------------ ----------- 20.1 Statement to Certificateholders dated June 15, 2001 delivered pursuant to Section 5.8 of the Sale and Servicing Agreement dated as of April 1, 1998. EX-20.1 2 b312334_ex20-1.txt MONTHLY STATEMENT Page 1 Chase Manhattan Auto Owner Trust 1998-B Statement to Certificateholders June 15 2001
DISTRIBUTION IN DOLLARS ORIGINAL PRIOR CURRENT FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE A1 250,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A2 200,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A3 321,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A4 282,800,000.00 170,779,475.40 14,441,581.43 825,434.13 15,267,015.56 0.00 0.00 156,337,893.97 B1 32,604,142.65 32,604,142.65 0.00 164,379.22 164,379.22 0.00 0.00 32,604,142.65 TOTALS 1,086,404,142.65 203,383,618.05 14,441,581.43 989,813.35 15,431,394.78 0.00 0.00 188,942,036.62 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES PRIOR CURRENT CURRENT PRINCIPAL PRINCIPAL CLASS PASS THRU CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.578000 % A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.729000 % A3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A3 5.750000 % A4 603.88781966 51.06641241 2.91879112 53.98520354 552.82140725 A4 5.800000 % B1 1,000.00000000 0.00000000 5.04166669 5.04166669 1,000.00000000 B1 6.050000 % TOTALS 187.20806564 13.29301027 0.91109129 14.20410156 173.91505537
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Maria Inoa The Chase Manhattan Bank - Structured Finance Services 450 W. 33rd Street, 14th Floor, New York, New York 10001 Tel: (212) 946-3676 Fax: (212) 946-8552 Email: maria.inoa@chase.com (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION Page 2 Chase Manhattan Auto Owner Trust 1998-B June 15 2001 STATEMENT TO CERTIFICATEHOLDERS
Due Period 38 Due Period Beginning Date 05/01/01 Due Period End Date 05/31/01 Determination Date 06/08/01 Section 5.8(iii) Servicing Fee 169,486.35 Section 5.8(iii) Servicing Fee per $1000 0.15600672 Section 5.8(iv) Administration Fee 1,000.00 Section 5.8(iv) Administration Fee per $1000 0.00092047 Section 5.8(vi) Pool Balance at the end of the Collection Period 188,942,036.62 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 53,906.75 TOTAL 53,906.75 Section 5.8(viii) Realized Net Losses for Collection Period 97,883.53 Section 5.8(ix) Reserve Account Balance after Disbursement 8,148,031.07 Section 5.8(x) Specified Reserve Account Balance 8,148,031.07 Section 5.8(xi) Total Distribution Amount 15,858,664.53 Servicing Fee 169,486.35 Administration Fee 1,000.00 Noteholders Distribution Amount 15,267,015.56 Certficateholders Distribution Amount 164,379.22 Deposit to Reserve Account 256,783.40
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION -----END PRIVACY-ENHANCED MESSAGE-----