Item 1. Business
Omitted.
Item 2.
Item 2. Properties
The Trust has acquired certain auto loan receivables from the Bank pursuant to a Pooling and Servicing Agreement. The aggregate principal balance of the receivables, as of December 31, 1999, was $74,752,795.00.
The Trust also holds a reserve account, pursuant to the Pooling and Servicing Agreement. The principal balance of the reserve account, as of December 31, 1999, was $11,056,978.23.
The aggregate balance of receivables that were 60 or more days past due, as of December 31, 1999, was $785,253.91, or 1.050% of the receivables by principal balance.
The aggregate amount of principal charge-offs, net of recoveries, for the year ended December 31, 1999, was $665,243.31, or 0.4133% of the average aggregate outstanding principal balance of the receivables for that year.
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 Certificateholders 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 certificates of beneficial interest (the "Certificates"). 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 records provided to the Trust by DTC indicate that as of December 31, 1999, there were 44 holders of record of the Certificates.
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 5 participants in the DTC system that held positions in a class of securities of the Trust equal to more than 5% of the total principal amount of the Certificates:
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 --------------- ---------------- 23.1 Consent of Independent Accountants.
28.1 Annual Management Report on Internal Controls
28.2 Annual Servicer's Certificate pursuant to Section 4.10 of the Agreement.
28.3 Annual Independent Accountants' Reports pursuant to Section 4.11 of the Agreement.
(b) Reports on Form 8-K.
The following reports were filed on Form 8-K in 1999:
Date Items Reported Financial Statements - ------------ --------------- ----------------------------- 1/20/1999 5, 7 Monthly report to certificateholders dated 1/15/1999
3/16/1999 5, 7 Monthly report to certificateholders dated 2/15/99
6/23/1999 5, 7 Monthly report to certificateholders dated 3/15/1999, 4/15/1999 and 5/15/1999
6/30/1999 5, 7 Monthly report to certificateholders dated 6/15/1999
7/30/1999 5, 7 Monthly report to certificateholders dated 7/15/1999
8/27/1999 5, 7 Monthly report to certificateholders dated 8/15/1999
9/30/1999 5, 7 Monthly report to certificateholders dated 9/15/1999
10/29/1999 5, 7 Monthly report to certificateholders dated 10/15/1999
11/22/1999 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 Manhattan Grantor Trust 1996-A
by: The Chase Manhattan Bank
By: /s/ Jeffrey Hammer ----------------------------------- Name: Jeffrey Hammer Title: Vice President
INDEX TO EXHIBITS
Exhibit Number: Description: - ---------------- ------------------------ 23.1 Consent of Independent Accountants
28.1 Annual Management Report on Internal Controls
28.2 Annual Servicer's Certificate pursuant to Section 4.10 of the Agreement
28.3 Annual Independent Accountant's Servicing Reports pursuant to Section 4.11 of the Agreement