Item 1. Business
Omitted pursuant to the No-Action Letter.
Item 2.
Item 2. Properties
The Trust is the holder of the Chase USA Master Trust Asset Backed Certificates, Series 1997-2, 1999-1, 2000-1, 2000-2 and 2000-3, pursuant to the Chase USA Master Trust Pooling and Servicing Agreement dated as of June 1, 1993, as amended (the "Pooling Agreement").
The aggregate Investor Default Amount for the year ended December 31, 2003 was $255,360,483.00. As of December 31, 2003, Accounts designated for the Master Trust having an aggregate balance of $105,701,405.00, or 1.85% of all Receivables, were delinquent 30 - 60 days; Accounts having an aggregate balance of $79,008,330.00, or 1.31% of all Receivables, were delinquent 60 - 90 days; and Accounts having an aggregate balance of $154,156,577.00, or 2.70% of all Receivables, were delinquent 90 days or more.
Item 3.
Item 3. Legal Proceedings
The registrant knows of no material pending legal proceedings with respect to the Trust involving either the Trust, the Trustee, or the Servicer.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
None.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
(a) To the best knowledge of the registrant, there is no established public trading market for the Certificates.
(b) As of December 31, 2003, each class of Certificates is represented by one or more certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company (the "DTC").
(c) The records provided to the Trust by DTC indicate that as of December 31, 2003, the number of holders of record for each class of Certificates issued by the Trust was as follows:
Series No. of Holders ------ -------------- 1997-2 10 1999-1 5 2000-1 65 2000-2 17 2000-3 9
Item 6.
Item 6. Selected Financial Data
Omitted pursuant to the No-Action Letter.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation
Omitted pursuant to the No-Action Letter.
Item 8.
Item 8. Financial Statements and Supplementary Data
Omitted pursuant to the No-Action Letter.
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 pursuant to the No-Action Letter.
Item 11.
Item 11. Executive Compensation
Omitted pursuant to the No-Action Letter.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
The records of DTC indicate that as of December 31, 2003, there were the following holders of record with more than 5% of each class 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 on Form 8-K
(a) Exhibits. The following documents are filed as part of this Annual Report on Form 10-K.
Exhibit Number: Description: --------------- ------------
99.1 Annual Servicer's Certificate pursuant to Section 3.05 of the Agreement.
99.2 Management Report on Internal Controls.
99.3 Annual Independent Accountants Report pursuant to Section 3.06 of the Agreement.
99.4 Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
(b) Reports on Form 8-K.
The following reports were filed on Form 8-K during the last quarter of 2003:
Date Items Reported Financial Statements ---- -------------- -------------------- 09/16/2003 5, 7 Monthly report to Noteholders dated 09/15/2003
10/17/2003 5, 7 Monthly report to Noteholders dated 10/15/2003
11/19/2003 5, 7 Monthly report to Noteholders dated 11/17/2003
12/18/2003 5, 7 Monthly report to Noteholders dated 12/15/2003
SIGNATURES
Pursuant to the requirements of the Section 13 and 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.
Date: March 30, 2004
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, as Servicer
By: /s/ Patricia M. Garvey ------------------------------ Name: Patricia M. Garvey Title: Vice President
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to Noteholders during the period covered by this Annual Report on Form 10-K and the registrant does not intend to furnish such materials to Noteholders subsequent to the filing of this report.
INDEX TO EXHIBITS
Exhibit Number: Description: - --------------- ------------
99.1 Annual Servicer's Certificate pursuant to Section 3.05 of the Agreement.
99.2 Management Report on Internal Controls.
99.3 Annual Independent Accountants Report pursuant to Section 3.06 of the Agreement.
99.4 Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.