World Omni Auto Receivables Trust 2021 D

09/27/2024 | Press release | Distributed by Public on 09/27/2024 05:24

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2021-D

Monthly Servicer Certificate

August 31, 2024

Dates Covered
Collections Period 08/01/24 - 08/31/24
Interest Accrual Period 08/15/24 - 09/15/24
30/360 Days 30
Actual/360 Days 32
Distribution Date 09/16/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 07/31/24 309,648,888.17 23,317
Yield Supplement Overcollateralization Amount 07/31/24 3,792,488.53 0
Receivables Balance 07/31/24 313,441,376.70 23,317
Principal Payments 15,603,341.92 380
Defaulted Receivables 322,491.95 18
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 08/31/24 3,453,104.14 0
Pool Balance at 08/31/24 294,062,438.69 22,919
Pool Statistics $ Amount # of Accounts
Pool Factor 25.13 %
Prepayment ABS Speed 1.14 %
Aggregate Starting Principal Balance 1,183,996,579.97 40,585
Delinquent Receivables:
Past Due 31-60 days 6,727,672.67 364
Past Due 61-90 days 2,453,489.54 128
Past Due 91-120 days 302,038.08 17
Past Due 121+ days 0.00 0
Total 9,483,200.29 509
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.19 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.93 %
Delinquency Trigger Occurred NO
Recoveries 288,109.98
Aggregate Net Losses/(Gains) - August 2024 34,381.97
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.13 %
Prior Net Losses/(Gains) Ratio 0.65 %
Second Prior Net Losses/(Gains) Ratio 0.26 %
Third Prior Net Losses/(Gains) Ratio -0.01 %
Four Month Average 0.26 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.46 %
Overcollateralization Target Amount 5,755,408.97
Actual Overcollateralization 5,755,408.97
Weighted Average Contract Rate 4.06 %
Weighted Average Contract Rate, Yield Adjusted 5.19 %
Weighted Average Remaining Term 30.33
Flow of Funds $ Amount
Collections 16,964,793.36
Investment Earnings on Cash Accounts 15,484.31
Servicing Fee (261,201.15 )
Transfer to Collection Account -
Available Funds 16,719,076.52
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 199,549.77
(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 9,831,040.51
(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 864,585.60
Total Distributions of Available Funds 16,719,076.52
Servicing Fee 261,201.15
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 @ 08/15/24 303,893,479.20
Principal Paid 15,586,449.48
Note Balance @ 09/16/24 288,307,029.72
Class A-1
Note Balance @ 08/15/24 0.00
Principal Paid 0.00
Note Balance @ 09/16/24 0.00
Note Factor @ 09/16/24 0.0000000 %
Class A-2
Note Balance @ 08/15/24 0.00
Principal Paid 0.00
Note Balance @ 09/16/24 0.00
Note Factor @ 09/16/24 0.0000000 %
Class A-3
Note Balance @ 08/15/24 130,493,479.20
Principal Paid 15,586,449.48
Note Balance @ 09/16/24 114,907,029.72
Note Factor @ 09/16/24 29.6610815 %
Class A-4
Note Balance @ 08/15/24 121,600,000.00
Principal Paid 0.00
Note Balance @ 09/16/24 121,600,000.00
Note Factor @ 09/16/24 100.0000000 %
Class B
Note Balance @ 08/15/24 34,530,000.00
Principal Paid 0.00
Note Balance @ 09/16/24 34,530,000.00
Note Factor @ 09/16/24 100.0000000 %
Class C
Note Balance @ 08/15/24 17,270,000.00
Principal Paid 0.00
Note Balance @ 09/16/24 17,270,000.00
Note Factor @ 09/16/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 268,041.44
Total Principal Paid 15,586,449.48
Total Paid 15,854,490.92
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 88,083.10
Principal Paid 15,586,449.48
Total Paid to A-3 Holders 15,674,532.58
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 0.2334449
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 13.5746817
Total Distribution Amount 13.8081266
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 0.2273699
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 40.2334783
Total A-3 Distribution Amount 40.4608482
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 630.74
Noteholders' Principal Distributable Amount 369.26
Account Balances $ Amount
Reserve Account
Balance as of 08/15/24 2,877,704.48
Investment Earnings 12,810.44
Investment Earnings Paid (12,810.44 )
Deposit/(Withdrawal) -
Balance as of 09/16/24 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 $ 1,977,586.34 $ 2,426,724.25 $ 2,331,020.61
Number of Extensions 117 130 122
Ratio of extensions to Beginning of Period Receivables Balance 0.63 % 0.73 % 0.67 %