World Omni Auto Receivables Trust 2021 D

03/28/2024 | Press release | Distributed by Public on 03/28/2024 05:46

Asset-Backed Issuer Distribution Report - Form 10-D

World Omni Auto Receivables Trust 2021-D
Monthly Servicer Certificate
February 29, 2024
Dates Covered
Collections Period 02/01/24 - 02/29/24
Interest Accrual Period 02/15/24 - 03/14/24
30/360 Days 30
Actual/360 Days 29
Distribution Date 03/15/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 01/31/24 412,395,432.01 26,048
Yield Supplement Overcollateralization Amount 01/31/24 6,322,924.54 0
Receivables Balance 01/31/24 418,718,356.55 26,048
Principal Payments 17,376,173.83 373
Defaulted Receivables 591,333.80 30
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 02/29/24 5,848,679.40 0
Pool Balance at 02/29/24 394,902,169.52 25,645
Pool Statistics $ Amount # of Accounts
Pool Factor 33.85 %
Prepayment ABS Speed 1.09 %
Aggregate Starting Principal Balance 1,183,996,579.97 40,585
Delinquent Receivables:
Past Due 31-60 days 6,809,746.42 318
Past Due 61-90 days 2,030,716.14 92
Past Due 91-120 days 252,317.76 12
Past Due 121+ days 0.00 0
Total 9,092,780.32 422
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.27 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.57 %
Delinquency Trigger Occurred NO
Recoveries 291,376.78
Aggregate Net Losses/(Gains) - February 2024 299,957.02
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.86 %
Prior Net Losses/(Gains) Ratio 0.51 %
Second Prior Net Losses/(Gains) Ratio 0.71 %
Third Prior Net Losses/(Gains) Ratio 0.38 %
Four Month Average 0.62 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.45 %
Overcollateralization Target Amount 5,755,408.97
Actual Overcollateralization 5,755,408.97
Weighted Average Contract Rate 3.95 %
Weighted Average Contract Rate, Yield Adjusted 5.16 %
Weighted Average Remaining Term 35.46
Flow of Funds $ Amount
Collections 19,042,521.64
Investment Earnings on Cash Accounts 14,911.71
Servicing Fee (348,931.96 )
Transfer to Collection Account -
Available Funds 18,708,501.39
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 268,903.69
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 43,738.00
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 24,753.67
(7) Noteholders' Third Priority Principal Distributable Amount 11,737,853.52
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,755,408.97
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 877,843.54
Total Distributions of Available Funds 18,708,501.39
Servicing Fee 348,931.96
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 1,096,400,000.00
Original Class B 34,530,000.00
Original Class C 17,270,000.00
Total Class A, B, & C
Note Balance @ 02/15/24 406,640,023.04
Principal Paid 17,493,262.49
Note Balance @ 03/15/24 389,146,760.55
Class A-1
Note Balance @ 02/15/24 0.00
Principal Paid 0.00
Note Balance @ 03/15/24 0.00
Note Factor @ 03/15/24 0.0000000 %
Class A-2
Note Balance @ 02/15/24 0.00
Principal Paid 0.00
Note Balance @ 03/15/24 0.00
Note Factor @ 03/15/24 0.0000000 %
Class A-3
Note Balance @ 02/15/24 233,240,023.04
Principal Paid 17,493,262.49
Note Balance @ 03/15/24 215,746,760.55
Note Factor @ 03/15/24 55.6909552 %
Class A-4
Note Balance @ 02/15/24 121,600,000.00
Principal Paid 0.00
Note Balance @ 03/15/24 121,600,000.00
Note Factor @ 03/15/24 100.0000000 %
Class B
Note Balance @ 02/15/24 34,530,000.00
Principal Paid 0.00
Note Balance @ 03/15/24 34,530,000.00
Note Factor @ 03/15/24 100.0000000 %
Class C
Note Balance @ 02/15/24 17,270,000.00
Principal Paid 0.00
Note Balance @ 03/15/24 17,270,000.00
Note Factor @ 03/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 337,395.36
Total Principal Paid 17,493,262.49
Total Paid 17,830,657.85
Class A-1
Coupon 0.11772 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2
Coupon 0.35000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2 Holders 0.00
Class A-3
Coupon 0.81000 %
Interest Paid 157,437.02
Principal Paid 17,493,262.49
Total Paid to A-3 Holders 17,650,699.51
Class A-4
Coupon 1.10000 %
Interest Paid 111,466.67
Principal Paid 0.00
Total Paid to A-4 Holders 111,466.67
Class B
Coupon 1.52000 %
Interest Paid 43,738.00
Principal Paid 0.00
Total Paid to B Holders 43,738.00
Class C
Coupon 1.72000 %
Interest Paid 24,753.67
Principal Paid 0.00
Total Paid to C Holders 24,753.67
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 0.2938472
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 15.2353793
Total Distribution Amount 15.5292265
A-1 Interest Distribution Amount 0.0000000
A-1 Interest Carryover Shortfall 0.0000000
A-1 Principal Distribution Amount 0.0000000
Total A-1 Distribution Amount 0.0000000
A-2 Interest Distribution Amount 0.0000000
A-2 Interest Carryover Shortfall 0.0000000
A-2 Principal Distribution Amount 0.0000000
Total A-2 Distribution Amount 0.0000000
A-3 Interest Distribution Amount 0.4063940
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 45.1555562
Total A-3 Distribution Amount 45.5619502
A-4 Interest Distribution Amount 0.9166667
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 0.9166667
B Interest Distribution Amount 1.2666667
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 1.2666667
C Interest Distribution Amount 1.4333335
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 1.4333335
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 670.99
Noteholders' Principal Distributable Amount 329.01
Account Balances $ Amount
Reserve Account
Balance as of 02/15/24 2,877,704.48
Investment Earnings 11,994.70
Investment Earnings Paid (11,994.70 )
Deposit/(Withdrawal) -
Balance as of 03/15/24 2,877,704.48
Change -
Required Reserve Amount 2,877,704.48
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 2,520,340.48 $ 3,231,950.70 $ 3,684,727.54
Number of Extensions 121 148 169
Ratio of extensions to Beginning of Period Receivables Balance 0.60 % 0.74 % 0.81 %