Hyundai Auto Receivables Trust 2022-A
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Monthly Servicing Report
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Collection Period
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March 2024
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Distribution Date
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04/15/24
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Transaction Month
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25
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30/360 Days
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30
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Actual/360 Days
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31
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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
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February 2, 2022
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Closing Date:
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March 16, 2022
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Dollars
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Units
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WAC
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WARM
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Original Pool Balance:
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$
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1,583,031,004.06
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64,842
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3.40
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%
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57.73
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Original Adj. Pool Balance:
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$
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1,503,552,585.34
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Amount
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% of Pool
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Note Rate
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Final Payment Date
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Class A-1 Notes
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Fixed
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$
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284,400,000.00
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17.966
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%
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0.72421
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%
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March 15, 2023
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Class A-2-A Notes
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Fixed
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$
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424,000,000.00
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26.784
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%
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1.81000
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%
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February 18, 2025
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Class A-2-B Notes
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Floating
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$
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95,000,000.00
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6.001
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%
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SOFR + 0.63
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%
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February 18, 2025
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Class A-3 Notes
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Fixed
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$
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484,200,000.00
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30.587
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%
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2.22000
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%
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October 15, 2026
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Class A-4 Notes
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Fixed
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$
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106,200,000.00
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6.709
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%
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2.35000
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%
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April 17, 2028
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Class B Notes
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Fixed
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$
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27,100,000.00
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1.712
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%
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2.62000
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%
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April 17, 2028
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Class C Notes
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Fixed
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$
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45,100,000.00
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2.849
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%
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2.97000
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%
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October 16, 2028
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Total Securities
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$
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1,466,000,000.00
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92.607
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%
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Overcollateralization
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$
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37,552,585.34
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2.372
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%
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YSOA
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$
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79,478,418.72
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5.021
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%
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Total Original Pool Balance
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$
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1,583,031,004.06
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100.00
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%
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II. POOL BALANCE AND PORTFOLIO INFORMATION
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Beginning of Period
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Ending of Period
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Change
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Balance
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Note Factor
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Balance
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Note Factor
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Class A-1 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-2-A Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-2-B Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-3 Notes
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$
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387,806,617.44
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0.8009224
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$
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359,390,433.16
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0.7422355
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$
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28,416,184.28
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Class A-4 Notes
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$
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106,200,000.00
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1.0000000
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$
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106,200,000.00
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1.0000000
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$
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-
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Class B Notes
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$
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27,100,000.00
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1.0000000
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$
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27,100,000.00
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1.0000000
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$
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-
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Class C Notes
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$
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45,100,000.00
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1.0000000
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$
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45,100,000.00
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1.0000000
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$
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-
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Total Securities
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$
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566,206,617.44
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0.3862255
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$
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537,790,433.16
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0.3668420
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$
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28,416,184.28
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Weighted Avg. Coupon (WAC)
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3.40
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%
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3.41
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%
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Weighted Avg. Remaining Maturity (WARM)
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34.31
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33.34
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Pool Receivables Balance
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$
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636,550,994.87
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$
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606,594,964.56
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Remaining Number of Receivables
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44,888
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44,054
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Adjusted Pool Balance
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$
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611,313,195.00
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$
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582,897,010.72
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III. COLLECTIONS
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Principal:
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Principal Collections
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$
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29,231,276.88
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Repurchased Contract Proceeds Related to Principal
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$
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-
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Recoveries/Liquidation Proceeds
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$
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361,765.91
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Total Principal Collections
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$
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29,593,042.79
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Interest:
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Interest Collections
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$
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1,754,944.54
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Late Fees & Other Charges
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$
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52,207.68
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Interest on Repurchase Principal
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$
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-
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Total Interest Collections
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$
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1,807,152.22
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Collection Account Interest
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$
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123,606.64
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Reserve Account Interest
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$
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16,549.66
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Servicer Advances
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$
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-
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Total Collections
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$
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31,540,351.31
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IV. DISTRIBUTIONS
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Total Collections
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$
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31,540,351.31
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Reserve Account Release
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$
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-
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Reserve Account Draw
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$
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-
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Total Available for Distribution
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$
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31,540,351.31
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Amount Due
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Interest Pymt Due but unpaid from prior periods
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Amount Paid
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1. Servicing Fee @1.00%:
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Servicing Fee Due
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1.00
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%
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$
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530,459.16
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$
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-
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$
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530,459.16
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530,459.16
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Collection & Reserve Account Interest
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$
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140,156.30
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Late Fees & Other Charges
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$
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52,207.68
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Total due to Servicer
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$
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722,823.14
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2. Class A Noteholders Interest:
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Class A-1 Notes
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$
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-
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$
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-
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Class A-2-A Notes
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$
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-
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$
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-
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Class A-2-B Notes
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$
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-
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$
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-
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Class A-3 Notes
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$
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717,442.24
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$
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717,442.24
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Class A-4 Notes
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$
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207,975.00
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$
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207,975.00
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Total Class A interest:
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$
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925,417.24
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$
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925,417.24
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925,417.24
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3. First Priority Principal Distribution:
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$
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0.00
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$
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0.00
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0.00
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4. Class B Noteholders Interest:
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$
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59,168.33
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$
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59,168.33
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59,168.33
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5. Second Priority Principal Distribution:
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$
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0.00
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$
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-
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0.00
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6. Class C Noteholders Interest:
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$
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111,622.50
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$
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111,622.50
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111,622.50
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Available Funds Remaining:
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$
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29,721,320.10
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7. Regular Principal Distribution Amount:
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28,416,184.28
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Distributable Amount
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Paid Amount
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Class A-1 Notes
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$
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-
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Class A-2-A Notes
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$
|
-
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Class A-2-B Notes
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$
|
-
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Class A-3 Notes
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|
$
|
28,416,184.28
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Class A-4 Notes
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|
$
|
-
|
|
|
|
|
|
|
Class A Notes Total:
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|
$
|
28,416,184.28
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$
|
28,416,184.28
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|
|
|
|
|
|
Class B Notes Total:
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$
|
-
|
|
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$
|
-
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|
|
|
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|
Class C Notes Total:
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$
|
-
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$
|
-
|
|
|
|
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|
|
Total Noteholders Principal
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|
$
|
28,416,184.28
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$
|
28,416,184.28
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8. Required Deposit to Reserve Account
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0.00
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9. Trustee Expenses and Asset Representations Reviewer Expenses
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|
0.00
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10. Remaining Available Collections Released to Certificateholder
|
|
|
1,305,135.82
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V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
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|
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|
|
|
|
|
|
Beginning Period Required Amount
|
|
$
|
25,237,799.87
|
|
Beginning Period Amount
|
|
$
|
25,237,799.87
|
|
Current Period Amortization
|
|
$
|
1,539,846.03
|
|
Ending Period Required Amount
|
|
$
|
23,697,953.84
|
|
Ending Period Amount
|
|
$
|
23,697,953.84
|
|
Next Distribution Date Required Amount
|
|
$
|
22,209,213.01
|
|
VI. RESERVE ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
0.25
|
%
|
Beginning Period Required Amount
|
|
|
$
|
3,758,881.46
|
|
Beginning Period Amount
|
|
|
$
|
3,758,881.46
|
|
Current Period Release to Collection Account
|
|
|
$
|
-
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
Ending Period Required Amount (0.25% of APB of cut-off date)
|
|
|
$
|
3,758,881.46
|
|
Ending Period Amount
|
|
|
$
|
3,758,881.46
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
Overcollateralization Amount
|
|
|
$
|
45,106,577.56
|
|
|
$
|
45,106,577.56
|
|
|
$
|
45,106,577.56
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
3.00
|
%
|
|
3.00
|
%
|
|
3.00
|
%
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
7.38
|
%
|
|
7.74
|
%
|
|
7.74
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
Current
|
|
|
98.51
|
%
|
|
43,398
|
|
|
|
97.79
|
%
|
$
|
593,212,973.34
|
|
30 - 60 Days
|
|
|
1.21
|
%
|
|
535
|
|
|
|
1.81
|
%
|
$
|
10,963,181.94
|
|
61 - 90 Days
|
|
|
0.22
|
%
|
|
97
|
|
|
|
0.32
|
%
|
$
|
1,936,529.51
|
|
91-120 Days
|
|
|
0.05
|
%
|
|
22
|
|
|
|
0.08
|
%
|
$
|
469,161.36
|
|
121 + Days
|
|
|
0.00
|
%
|
|
2
|
|
|
|
0.00
|
%
|
$
|
13,118.41
|
|
Total
|
|
|
44,054
|
|
|
|
|
|
|
$
|
606,594,964.56
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
Current Period
|
|
|
1.49
|
%
|
|
656
|
|
|
|
2.21
|
%
|
$
|
13,381,991.22
|
|
1st Preceding Collection Period
|
|
|
1.38
|
%
|
|
621
|
|
|
|
2.05
|
%
|
$
|
13,045,956.21
|
|
2nd Preceding Collection Period
|
|
|
1.65
|
%
|
|
750
|
|
|
|
2.37
|
%
|
$
|
15,777,235.55
|
|
3rd Preceding Collection Period
|
|
|
1.68
|
%
|
|
776
|
|
|
|
2.37
|
%
|
$
|
16,465,333.57
|
|
Four-Month Average
|
|
|
1.55
|
%
|
|
|
|
|
|
|
2.25
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.40
|
%
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
35
|
|
|
|
|
|
|
$
|
770,414.41
|
|
Repossession Inventory
|
|
|
73
|
|
|
|
|
|
|
$
|
1,688,582.17
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
Gross Principal of Charge-Offs
|
|
|
$
|
724,753.43
|
|
Recoveries
|
|
|
$
|
(361,765.91
|
)
|
Net Loss
|
|
|
$
|
362,987.52
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
0.68
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
621,572,979.71
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
Current Period
|
|
|
|
0.70
|
%
|
1st Preceding Collection Period
|
|
|
|
0.24
|
%
|
2nd Preceding Collection Period
|
|
|
|
0.32
|
%
|
3rd Preceding Collection Period
|
|
|
|
0.56
|
%
|
Four-Month Average
|
|
|
|
0.46
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
Gross Principal of Charge-Offs
|
|
|
40
|
|
|
|
1,005
|
|
|
$
|
21,287,245.05
|
|
Recoveries
|
|
|
32
|
|
|
|
717
|
|
|
$
|
(9,697,868.62
|
)
|
Net Loss
|
|
|
$
|
11,589,376.43
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.73
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
34
|
|
|
|
882
|
|
|
$
|
11,589,376.43
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
13,139.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
2,036,031.71
|
|
Number of Extensions
|
|
|
|
101
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Excludes receivables with recovered amounts equal to or in excess of principal charge-offs due to the recovery of assessments, such as interest and fees.
|