04/23/2024 | Press release | Distributed by Public on 04/23/2024 11:34
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-4 Owner Trust |
Collection Period: March 1, 2024 through March 31, 2024 |
Deal Age |
29 |
Determination Date: 04/16/2024 |
Actual/360 Days |
32 |
Record Date: 04/21/2024 |
30/360 Days |
30 |
Payment Date: 04/22/2024 |
ORIGINAL DEAL PARAMETERS
Dollar Amount |
Number of Receivables |
||
Total Portfolio Balance |
$ |
1,619,491,676.76 |
85,623 |
Accrual Basis |
Dollar Amount |
% of Pool |
Interest Rate |
Final Scheduled |
||||
Class A-1 Notes |
Actual/360 |
$ |
315,000,000.00 |
19.45 |
% |
0.143 |
% |
November 21, 2022 |
Class A-2 Notes |
30/360 |
$ |
574,300,000.00 |
35.46 |
% |
0.390 |
% |
May 21, 2024 |
Class A-3 Notes |
30/360 |
$ |
574,300,000.00 |
35.46 |
% |
0.880 |
% |
January 21, 2026 |
Class A-4 Notes |
30/360 |
$ |
115,348,000.00 |
7.12 |
% |
1.140 |
% |
June 21, 2028 |
Certificates |
30/360 |
$ |
40,543,676.76 |
2.50 |
% |
0.000 |
% |
|
Total Securities Balance |
$ |
1,619,491,676.76 |
||||||
Total Note Balance |
$ |
1,578,948,000.00 |
||||||
Reserve Account Initial Deposit |
$ |
4,048,729.19 |
||||||
Yield Supplement Account Deposit |
$ |
56,090,072.69 |
COLLECTIONS
Interest Collections |
||
Simple Interest Collections |
$ |
862,810.52 |
Interest Related to Repurchased Receivables |
$ |
0.00 |
Interest Advance for simple Interest - Net * |
$ |
0.00 |
Total Interest Collections |
$ |
862,810.52 |
* Advances are reimbursed (including non-recoverable advances of $0.00): |
(i) from subsequent payments, liquidation proceeds and servicer repurchase payments in respect of the related obligor, and |
(ii) to the extent amounts in clause (i) are insufficient, generally from interest (with respect to interest advances). |
Principal Collections |
||
Principal Collections |
$ |
22,145,255.14 |
Prepayments in Full |
$ |
5,911,497.59 |
Liquidation Proceeds |
$ |
5,126.18 |
Principal Related to Repurchased Receivables |
$ |
0.00 |
Recoveries from Prior Month Charge Offs |
$ |
86,994.30 |
Total Principal Collections |
$ |
28,148,873.21 |
Total Interest and Principal Collections |
$ |
29,011,683.73 |
Yield Supplement Deposit |
$ |
824,556.39 |
Collection Account Investment Earnings |
$ |
0.00 |
Total Available Amount |
$ |
29,836,240.12 |
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-4 Owner Trust |
Collection Period: March 1, 2024 through March 31, 2024 |
Deal Age |
29 |
Determination Date: 04/16/2024 |
Actual/360 Days |
32 |
Record Date: 04/21/2024 |
30/360 Days |
30 |
Payment Date: 04/22/2024 |
DISTRIBUTIONS
Note Percentage |
100.00 |
% |
||||||
Certificate Percentage |
0.00 |
% |
Amount Due |
Amount Paid |
Shortfall |
|||
Total Servicing Fee |
1.00 |
% |
$ |
389,947.23 |
$ |
389,947.23 |
$ |
0.00 |
Trustee Fees |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
Asset Representations Reviewer Fees (Accrued & Unpaid) |
$ |
0.00 |
||||||
Interest - Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
Interest - Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
Interest - Class A-3 Notes |
$ |
228,833.00 |
$ |
228,833.00 |
$ |
0.00 |
||
Interest - Class A-4 Notes |
$ |
109,580.60 |
$ |
109,580.60 |
$ |
0.00 |
||
Total Monthly Interest |
$ |
338,413.60 |
$ |
338,413.60 |
$ |
0.00 |
||
Principal - Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
Principal - Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
Principal - Class A-3 Notes |
$ |
28,117,253.29 |
$ |
28,117,253.29 |
$ |
0.00 |
||
Principal - Class A-4 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
Total Monthly Principal |
$ |
28,117,253.29 |
$ |
28,117,253.29 |
$ |
0.00 |
||
Interest - Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
Principal - Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
Available to Deposit |
Reserve Deposit |
Reserve Draw |
Excess Released |
Released to Seller |
||||||
Reserve Account Deposit |
$ |
990,626.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
990,626.00 |
Noteholder/Certificateholder Distributions |
Fee |
Interest |
Interest |
Principal |
Principal |
Amount |
||||
Servicing Fee |
$ |
0.24 |
$ |
389,947.23 |
||||||
Trustee Fees |
$ |
0.00 |
||||||||
Asset Representation Reviewer Fees |
$ |
0.00 |
||||||||
Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
Class A-3 Notes |
$ |
0.40 |
$ |
0.00 |
$ |
48.96 |
$ |
0.00 |
$ |
28,346,086.29 |
Class A-4 Notes |
$ |
0.95 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
109,580.60 |
Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
2
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-4 Owner Trust |
Collection Period: March 1, 2024 through March 31, 2024 |
Deal Age |
29 |
Determination Date: 04/16/2024 |
Actual/360 Days |
32 |
Record Date: 04/21/2024 |
30/360 Days |
30 |
Payment Date: 04/22/2024 |
POOL DATA
Proceeding Month |
||||||||||
Carryover Shortfall |
Beginning of Period |
End of Period |
||||||||
Interest |
Principal |
Balance |
Note Factor |
Balance |
Note Factor |
|||||
Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
0.0000000 |
$ |
0.00 |
0.0000000 |
Class A-2 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
0.0000000 |
$ |
0.00 |
0.0000000 |
Class A-3 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
312,045,003.28 |
0.5433484 |
$ |
283,927,749.99 |
0.4943893 |
Class A-4 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
115,348,000.00 |
1.0000000 |
$ |
115,348,000.00 |
1.0000000 |
Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
40,543,676.76 |
1.0000000 |
$ |
40,543,676.76 |
1.0000000 |
Total Securities |
$ |
467,936,680.04 |
0.2889405 |
$ |
439,819,426.75 |
0.2715787 |
||||
Total Notes |
$ |
427,393,003.28 |
0.2706821 |
$ |
399,275,749.99 |
0.2528745 |
Portfolio Information |
Original |
Prior Month |
Current Month |
|||
Weighted Average Coupon (WAC) |
2.53 |
% |
2.33 |
% |
2.32 |
% |
Weighted Average Remaining Maturity (WAM) |
48.66 |
24.43 |
23.58 |
|||
Weighted Average Original Maturity (WAOM) |
60.41 |
|||||
Remaining Number of Receivables |
85,623 |
48,244 |
46,901 |
|||
Portfolio Receivable Balance |
$ |
1,619,491,676.76 |
$ |
467,936,680.04 |
$ |
439,819,426.75 |
DELINQUENCY AND NET LOSS ACTIVITY
Net Loss and Delinquency Account Activity |
Amount |
||
Gross Principal Balance on Defaulted Receivables |
$ |
60,500.56 |
|
Liquidation Proceeds |
$ |
5,126.18 |
|
Recoveries on Previously Defaulted Contracts |
$ |
86,994.30 |
|
Aggregate Net Losses for Collection Period |
$ |
(31,619.92 |
) |
Net Loss Rate for Collection Period's Average Balance (annualized) |
-0.08 |
% |
|
Cumulative Net Losses for all Periods |
$ |
2,316,320.51 |
Delinquent Receivables |
# Units |
% Unit |
Dollar Amount |
% Dollar |
|||
31-60 Days Delinquent |
240 |
0.51 |
% |
$ |
2,430,418.81 |
0.55 |
% |
61-90 Days Delinquent |
40 |
0.09 |
% |
$ |
460,642.84 |
0.10 |
% |
91-120 Days Delinquent |
12 |
0.03 |
% |
$ |
117,677.42 |
0.03 |
% |
121 Days or More Delinquent |
0 |
0.00 |
% |
$ |
0.00 |
0.00 |
% |
Repossession Activity |
# Units |
% Unit |
Dollar Amount |
% Dollar |
|||
Vehicles Repossessed During Collection Period |
7 |
0.01 |
% |
$ |
85,893.24 |
0.02 |
% |
Total Accumulated Repossessed Vehicles in Inventory |
29 |
0.06 |
% |
$ |
392,513.15 |
0.09 |
% |
3
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-4 Owner Trust |
Collection Period: March 1, 2024 through March 31, 2024 |
Deal Age |
29 |
Determination Date: 04/16/2024 |
Actual/360 Days |
32 |
Record Date: 04/21/2024 |
30/360 Days |
30 |
Payment Date: 04/22/2024 |
DELINQUENCY AND NET LOSS ACTIVITY
Net Loss and Delinquency Ratios |
||
Ratio of Net Losses to the Pool Balance as of Each Collection Period |
||
Third Preceding Collection Period |
0.11 |
% |
Second Preceding Collection Period |
0.45 |
% |
Preceding Collection Period |
0.19 |
% |
Current Collection Period |
-0.08 |
% |
Four Month Average |
0.17 |
% |
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
||
Second Preceding Collection Period |
0.26 |
% |
Preceding Collection Period |
0.21 |
% |
Current Collection Period |
0.17 |
% |
Three Month Average |
0.21 |
% |
Delinquency Trigger |
4.80% |
Delinquency Percentage exceeds Delinquency Trigger: |
No |
Delinquency Percentage - |
0.13% |
||
Receivables that are 61 days or more delinquent as a percentage of Current Outstanding Balance of Receivables |
LOSS AND CUMULATIVE LOSS INFORMATION
Current Month |
Cumulative |
||||||
For Assets Experiencing a Loss: |
Units |
Amount |
Units |
Amount |
|||
Gross Principal |
10 |
$ |
60,500.56 |
352 |
$ |
5,120,634.86 |
|
Liquidation Proceeds and Recoveries |
36 |
$ |
91,563.62 |
288 |
$ |
2,770,111.49 |
|
Net Loss Amount |
10 |
$ |
(31,063.06 |
) |
352 |
$ |
2,350,523.37 |
Net Loss % of Average |
-0.08 |
% |
|||||
Cumulative Net Loss % |
0.15 |
% |
|||||
Average Net Loss of |
$ |
6,677.62 |
CREDIT ENHANCEMENT
Reconciliation of Reserve Account |
Reconciliation of Yield Supplement Account |
|||||
Beginning Reserve Account Balance |
$ |
4,048,729.19 |
Beginning Yield Supplement |
$ |
8,469,737.20 |
|
Investment Earnings |
$ |
17,931.90 |
Investment Earnings |
$ |
39,754.33 |
|
Excess Interest Deposited into the Reserve Account |
$ |
0.00 |
Additional Yield Supplement Amounts |
$ |
0.00 |
|
Investment Withdrawal to Seller |
$ |
(17,931.90 |
) |
Yield Supplement Withdrawal Amount |
$ |
824,556.39 |
Release of Reserve to Collection Account |
$ |
0.00 |
Investment Earnings Withdraw |
$ |
0.00 |
|
Release of Reserve to Seller |
$ |
0.00 |
Release of Yield Supplement Account Balance to Seller |
$ |
0.00 |
|
Ending Reserve Account Balance |
$ |
4,048,729.19 |
Ending Yield Supplement Account Balance |
$ |
7,684,935.14 |
|
Reserve Account Required Amount |
$ |
4,048,729.19 |
4
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-4 Owner Trust |
Collection Period: March 1, 2024 through March 31, 2024 |
Deal Age |
29 |
Determination Date: 04/16/2024 |
Actual/360 Days |
32 |
Record Date: 04/21/2024 |
30/360 Days |
30 |
Payment Date: 04/22/2024 |
REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
Is there any activity to report? |
No |
STATEMENT TO NOTEHOLDERS
Has there been a material change in practices with respect to charge-offs, collection and management of delinquent receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience? |
No |
Have there been any material modifications, extensions or waivers to receivables terms, fees, penalties or payments during the collection period? |
No |
Have there been any material breaches of representations, warranties or covenants contained in the receivables? |
No |
Has there been an issuance of notes or other securities backed by the receivables? |
No |
Has there been a material change in the underwriting, origination or acquisition of receivables? |
No |
SERVICER CERTIFICATION
I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. |
/s/ Paul C. Honda |
Paul C. Honda |
Vice President-Finance & Administration and Assistant Secretary |
5