Item 1. Business
Omitted.
Item 2.
Item 2. Properties
The Trust is the holder of the Series 1999-3 Asset Backed Certificate issued by Chase Credit Card Master Trust, which was transferred to it by the Bank, and certain deposit accounts.
The aggregate amount of Investor Default Amount with respect to the assets of the Trust for the year ended December 31, 1999 was $13,895,464.00. As of December 31, 1999, the aggregate principal balance of Receivables in the Trust was $19,295,629,355.22, and the aggregate principal balance of delinquent Receivables in the Trust were as follows:
Delinquency Principal Balance
- ----------------- ----------------------- 1 - 30 days $814,130,637.00 31 - 60 days $250,538,821.00 61 - 90 days $183,154,250.00 91 - 120 days $154,056,584.00 121 - 150 days $128,007,285.00 151 - 180 days $103,996,640.00 180 + days $1,097,616.00
Item 3.
Item 3. Legal Proceedings
The Registrant knows of no material pending legal proceedings with respect to the Trust, the Trustee or The Bank.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of Securityholders during the fiscal year covered by this report.
Part II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholders Matters
The registrant has no voting stock or class of common stock outstanding as of the date of this report. The beneficial interest in the Trust is represented by the Certificates and the Notes registered in name of the registrant. To the knowledge of the registrant, the Notes are traded in the over-the-counter market to a limited extent.
As of December 31, 1999, all of the Notes 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 Notes held of record by CEDE & Co., and that DTC knows only the identity of the participants to whose accounts such Notes are credited, who may or may not be the beneficial owners of the Notes.
The records provided to the Trust by DTC indicate that as of December 31, 1999, the number of holders of record for each class of Notes issued by the Trust were as follows:
Class # of Holders --------- ------------------ A 56 B 29 C 3 Total 88
Item 6.
Item 6. Selected Financial Data
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data
Omitted.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Part III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Omitted.
Item 11.
Item 11. Executive Compensation
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
The records of DTC indicate that at December 31, 1999, there were 16 participants in the DTC system that held positions in a class of Notes equal to more than 5% of the total principal amount of that class outstanding on that date.
Item 13.
Item 13. Certain Relationships and Related Transactions
None.
Part IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports of Form 8-K
(a) Exhibits. The following documents are filed as part of this Annual Report on Form 10-K.
Exhibit Number Description -------------- -----------
28.1 Annual Management Report on Internal Controls
28.2 Annual Issuer's Certificate of Compliance with Indenture
(b) Reports on Form 8-K.
The following reports were filed on Form 8-K in 1999:
Date Items Reported Financial Statements - ------------ --------------- -------------------- 11/30/1999 5, 7 Monthly report to certificateholders dated 11/15/1999
12/23/1999 5, 7 Monthly report to certificateholders dated 12/15/1999
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 Owner Trust 1999-3
by: Chase Manhattan Bank USA, National Association
By: /s/ Patricia Garvey ----------------------------------- Name: Patricia Garvey Title: Vice President
INDEX TO EXHIBITS
Exhibit Number: Description: - --------------- ------------------------
28.1 Annual Management Report on Internal Controls
28.2 Annual Issuer's Certificate of Compliance with the Indenture