World Omni Auto Receivables Trust 2022-D

11/29/2023 | Press release | Distributed by Public on 11/29/2023 06:17

Asset-Backed Issuer Distribution Report - Form 10-D

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World Omni Auto Receivables Trust 2022-D
Monthly Servicer Certificate
October 31, 2023
Dates Covered
Collections Period 10/01/23 - 10/31/23
Interest Accrual Period 10/16/23 - 11/14/23
30/360 Days 30
Actual/360 Days 30
Distribution Date 11/15/23
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 09/30/23 680,088,201.13 35,554
Yield Supplement Overcollateralization Amount 09/30/23 77,877,434.55 0
Receivables Balance 09/30/23 757,965,635.68 35,554
Principal Payments 27,139,727.53 1,081
Defaulted Receivables 757,821.61 37
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 10/31/23 74,089,249.08 0
Pool Balance at 10/31/23 655,978,837.46 34,436
Pool Statistics $ Amount # of Accounts
Pool Factor 63.12 %
Prepayment ABS Speed 1.47 %
Aggregate Starting Principal Balance 1,156,658,989.82 50,043
Delinquent Receivables:
Past Due 31-60 days 8,515,242.80 350
Past Due 61-90 days 2,656,442.58 104
Past Due 91-120 days 624,036.11 25
Past Due 121+ days 0.00 0
Total 11,795,721.49 479
Total 31+ Delinquent as % Aggregate Ending Principal Balance 1.62 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.45 %
Delinquency Trigger Occurred NO
Recoveries 386,557.12
Aggregate Net Losses/(Gains) - October 2023 371,264.49
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.59 %
Prior Net Losses/(Gains) Ratio 0.21 %
Second Prior Net Losses/(Gains) Ratio 0.30 %
Third Prior Net Losses/(Gains) Ratio 0.61 %
Four Month Average 0.43 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.25 %
Overcollateralization Target Amount 5,903,809.54
Actual Overcollateralization 5,903,809.54
Weighted Average Contract Rate 5.04 %
Weighted Average Contract Rate, Yield Adjusted 10.45 %
Weighted Average Remaining Term 52.14
Flow of Funds $ Amount
Collections 30,668,256.20
Investment Earnings on Cash Accounts 27,213.26
Servicing Fee (631,638.03 )
Transfer to Collection Account -
Available Funds 30,063,831.43
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 2,967,502.25
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest -
(5) Noteholders' Second Priority Principal Distributable Amount 2,628,569.86
(6) Class C Interest -
(7) Noteholders' Third Priority Principal Distributable Amount 15,360,000.00
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,903,809.54
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 3,203,949.78
Total Distributions of Available Funds 30,063,831.43
Servicing Fee 631,638.03
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 975,300,000.00
Original Class B 30,630,000.00
Original Class C 15,360,000.00
Total Class A, B, & C
Note Balance @ 10/16/23 673,967,407.32
Principal Paid 23,892,379.40
Note Balance @ 11/15/23 650,075,027.92
Class A-1
Note Balance @ 10/16/23 0.00
Principal Paid 0.00
Note Balance @ 11/15/23 0.00
Note Factor @ 11/15/23 0.0000000 %
Class A-2a
Note Balance @ 10/16/23 143,907,518.53
Principal Paid 15,522,949.33
Note Balance @ 11/15/23 128,384,569.20
Note Factor @ 11/15/23 55.3763670 %
Class A-2b
Note Balance @ 10/16/23 77,589,888.79
Principal Paid 8,369,430.07
Note Balance @ 11/15/23 69,220,458.72
Note Factor @ 11/15/23 55.3763670 %
Class A-3
Note Balance @ 10/16/23 306,860,000.00
Principal Paid 0.00
Note Balance @ 11/15/23 306,860,000.00
Note Factor @ 11/15/23 100.0000000 %
Class A-4
Note Balance @ 10/16/23 99,620,000.00
Principal Paid 0.00
Note Balance @ 11/15/23 99,620,000.00
Note Factor @ 11/15/23 100.0000000 %
Class B
Note Balance @ 10/16/23 30,630,000.00
Principal Paid 0.00
Note Balance @ 11/15/23 30,630,000.00
Note Factor @ 11/15/23 100.0000000 %
Class C
Note Balance @ 10/16/23 15,360,000.00
Principal Paid 0.00
Note Balance @ 11/15/23 15,360,000.00
Note Factor @ 11/15/23 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 2,967,502.25
Total Principal Paid 23,892,379.40
Total Paid 26,859,881.65
Class A-1
Coupon 4.42600 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2a
Coupon 5.51000 %
Interest Paid 660,775.36
Principal Paid 15,522,949.33
Total Paid to A-2a Holders 16,183,724.69
Class A-2b
One-Month SOFR 5.32031 %
Coupon 6.17031 %
Interest Paid 398,961.39
Principal Paid 8,369,430.07
Total Paid to A-2b Holders 8,768,391.46
Class A-3
Coupon 5.61000 %
Interest Paid 1,434,570.50
Principal Paid 0.00
Total Paid to A-3 Holders 1,434,570.50
Class A-4
Coupon 5.70000 %
Interest Paid 473,195.00
Principal Paid 0.00
Total Paid to A-4 Holders 473,195.00
Class B
Coupon 0.00000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to B Holders 0.00
Class C
Coupon 0.00000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to C Holders 0.00
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 2.9056411
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 23.3943144
Total Distribution Amount 26.2999555
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-2a Interest Distribution Amount 2.8501353
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 66.9554405
Total A-2a Distribution Amount 69.8055758
A-2b Interest Distribution Amount 3.1916911
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 66.9554406
Total A-2b Distribution Amount 70.1471317
A-3 Interest Distribution Amount 4.6750000
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 0.0000000
Total A-3 Distribution Amount 4.6750000
A-4 Interest Distribution Amount 4.7500000
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 4.7500000
B Interest Distribution Amount 0.0000000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 0.0000000
C Interest Distribution Amount 0.0000000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 0.0000000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 110.02
Noteholders' Third Priority Principal Distributable Amount 642.88
Noteholders' Principal Distributable Amount 247.10
Account Balances $ Amount
Reserve Account
Balance as of 10/16/23 5,106,453.81
Investment Earnings 22,767.65
Investment Earnings Paid (22,767.65 )
Deposit/(Withdrawal) -
Balance as of 11/15/23 5,106,453.81
Change -
Required Reserve Amount 5,106,453.81
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 4,455,107.01 $ 4,459,937.04 $ 5,311,743.39
Number of Extensions 162 148 179
Ratio of extensions to Beginning of Period Receivables Balance 0.59 % 0.57 % 0.65 %