Honda Auto Receivables 2021-2 Owner Trust
07/23/2024 | Press release | Distributed by Public on 07/23/2024 14:30
Asset Backed Issuer Distribution Report Form 10 D
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-2 Owner Trust |
|
Collection Period: June 1, 2024 through June 30, 2024 |
|
Deal Age |
38 |
Determination Date: 07/10/2024 |
|
Actual/360 Days |
28 |
Record Date: 07/14/2024 |
|
30/360 Days |
30 |
Payment Date: 07/15/2024 |
ORIGINAL DEAL PARAMETERS
|
Dollar Amount |
Number of Receivables |
||
|
Total Portfolio Balance |
$ |
1,619,437,928.90 |
88,835 |
|
Accrual Basis |
Dollar Amount |
% of Pool |
Interest Rate |
Final Scheduled |
||||
|
Class A-1 Notes |
Actual/360 |
$ |
352,700,000.00 |
21.78 |
% |
0.093 |
% |
June 15, 2022 |
|
Class A-2 Notes |
30/360 |
$ |
540,000,000.00 |
33.34 |
% |
0.170 |
% |
November 15, 2023 |
|
Class A-3 Notes |
30/360 |
$ |
540,000,000.00 |
33.34 |
% |
0.330 |
% |
August 15, 2025 |
|
Class A-4 Notes |
30/360 |
$ |
146,248,000.00 |
9.03 |
% |
0.550 |
% |
August 16, 2027 |
|
Certificates |
30/360 |
$ |
40,489,928.90 |
2.50 |
% |
0.000 |
% |
|
|
Total Securities Balance |
$ |
1,619,437,928.90 |
||||||
|
Total Note Balance |
$ |
1,578,948,000.00 |
||||||
|
Reserve Account Initial Deposit |
$ |
4,048,594.82 |
||||||
|
Yield Supplement Account Deposit |
$ |
53,151,581.95 |
COLLECTIONS
|
Interest Collections |
||
|
Simple Interest Collections |
$ |
446,708.77 |
|
Interest Related to Repurchased Receivables |
$ |
0.00 |
|
Interest Advance for simple Interest - Net * |
$ |
0.00 |
|
Total Interest Collections |
$ |
446,708.77 |
|
* 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 |
$ |
14,506,021.73 |
|
Prepayments in Full |
$ |
3,129,914.90 |
|
Liquidation Proceeds |
$ |
13,660.16 |
|
Principal Related to Repurchased Receivables |
$ |
0.00 |
|
Recoveries from Prior Month Charge Offs |
$ |
29,619.92 |
|
Total Principal Collections |
$ |
17,679,216.71 |
|
Total Interest and Principal Collections |
$ |
18,125,925.48 |
|
Yield Supplement Deposit |
$ |
370,517.58 |
|
Collection Account Investment Earnings |
$ |
0.00 |
|
Total Available Amount |
$ |
18,496,443.06 |
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-2 Owner Trust |
|
Collection Period: June 1, 2024 through June 30, 2024 |
|
Deal Age |
38 |
Determination Date: 07/10/2024 |
|
Actual/360 Days |
28 |
Record Date: 07/14/2024 |
|
30/360 Days |
30 |
Payment Date: 07/15/2024 |
DISTRIBUTIONS
|
Note Percentage |
100.00 |
% |
||||||
|
Certificate Percentage |
0.00 |
% |
Amount Due |
Amount Paid |
Shortfall |
|||
|
Total Servicing Fee |
1.00 |
% |
$ |
200,934.25 |
$ |
200,934.25 |
$ |
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 |
$ |
14,955.37 |
$ |
14,955.37 |
$ |
0.00 |
||
|
Interest - Class A-4 Notes |
$ |
67,030.33 |
$ |
67,030.33 |
$ |
0.00 |
||
|
Total Monthly Interest |
$ |
81,985.70 |
$ |
81,985.70 |
$ |
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 |
$ |
17,668,363.27 |
$ |
17,668,363.27 |
$ |
0.00 |
||
|
Principal - Class A-4 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||
|
Total Monthly Principal |
$ |
17,668,363.27 |
$ |
17,668,363.27 |
$ |
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 |
$ |
545,159.84 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
545,159.84 |
|
Noteholder/Certificateholder Distributions |
Fee |
Interest |
Interest |
Principal |
Principal |
Amount |
||||
|
Servicing Fee |
$ |
0.12 |
$ |
200,934.25 |
||||||
|
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 |
$ |
0.03 |
$ |
0.00 |
$ |
32.72 |
$ |
0.00 |
$ |
17,683,318.64 |
|
Class A-4 Notes |
$ |
0.46 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
67,030.33 |
|
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 2021-2 Owner Trust |
|
Collection Period: June 1, 2024 through June 30, 2024 |
|
Deal Age |
38 |
Determination Date: 07/10/2024 |
|
Actual/360 Days |
28 |
Record Date: 07/14/2024 |
|
30/360 Days |
30 |
Payment Date: 07/15/2024 |
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 |
$ |
54,383,168.39 |
0.1007096 |
$ |
36,714,805.12 |
0.0679904 |
|
Class A-4 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
146,248,000.00 |
1.0000000 |
$ |
146,248,000.00 |
1.0000000 |
|
Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
40,489,928.90 |
1.0000000 |
$ |
40,489,928.90 |
1.0000000 |
|
Total Securities |
$ |
241,121,097.29 |
0.1488918 |
$ |
223,452,734.02 |
0.1379817 |
||||
|
Total Notes |
$ |
200,631,168.39 |
0.1270664 |
$ |
182,962,805.12 |
0.1158764 |
|
Portfolio Information |
Original |
Prior Month |
Current Month |
|||
|
Weighted Average Coupon (WAC) |
2.45 |
% |
2.28 |
% |
2.28 |
% |
|
Weighted Average Remaining Maturity (WAM) |
49.43 |
19.16 |
18.40 |
|||
|
Weighted Average Original Maturity (WAOM) |
61.58 |
|||||
|
Remaining Number of Receivables |
88,835 |
34,413 |
33,344 |
|||
|
Portfolio Receivable Balance |
$ |
1,619,437,928.90 |
$ |
241,121,097.29 |
$ |
223,452,734.02 |
DELINQUENCY AND NET LOSS ACTIVITY
|
Net Loss and Delinquency Account Activity |
Amount |
||
|
Gross Principal Balance on Defaulted Receivables |
$ |
32,426.64 |
|
|
Liquidation Proceeds |
$ |
13,660.16 |
|
|
Recoveries on Previously Defaulted Contracts |
$ |
29,619.92 |
|
|
Aggregate Net Losses for Collection Period |
$ |
(10,853.44 |
) |
|
Net Loss Rate for Collection Period's Average Balance (annualized) |
-0.06 |
% |
|
|
Cumulative Net Losses for all Periods |
$ |
1,801,403.03 |
|
Delinquent Receivables |
# Units |
% Unit |
Dollar Amount |
% Dollar |
|||
|
31-60 Days Delinquent |
174 |
0.52 |
% |
$ |
1,805,442.83 |
0.81 |
% |
|
61-90 Days Delinquent |
41 |
0.12 |
% |
$ |
420,436.64 |
0.19 |
% |
|
91-120 Days Delinquent |
9 |
0.03 |
% |
$ |
78,004.85 |
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 |
3 |
0.01 |
% |
$ |
31,108.26 |
0.01 |
% |
|
Total Accumulated Repossessed Vehicles in Inventory |
12 |
0.04 |
% |
$ |
138,246.75 |
0.06 |
% |
3
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-2 Owner Trust |
|
Collection Period: June 1, 2024 through June 30, 2024 |
|
Deal Age |
38 |
Determination Date: 07/10/2024 |
|
Actual/360 Days |
28 |
Record Date: 07/14/2024 |
|
30/360 Days |
30 |
Payment Date: 07/15/2024 |
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 |
-0.08 |
% |
|
Preceding Collection Period |
0.12 |
% |
|
Current Collection Period |
-0.06 |
% |
|
Four Month Average |
-0.03 |
% |
|
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
||
|
Second Preceding Collection Period |
0.15 |
% |
|
Preceding Collection Period |
0.17 |
% |
|
Current Collection Period |
0.19 |
% |
|
Three Month Average |
0.17 |
% |
|
Delinquency Trigger |
4.80% |
Delinquency Percentage exceeds Delinquency Trigger: |
No |
|
Delinquency Percentage - |
0.22% |
||
|
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 |
2 |
$ |
32,426.64 |
249 |
$ |
4,488,021.89 |
|
|
Liquidation Proceeds and Recoveries |
29 |
$ |
42,266.77 |
217 |
$ |
2,659,669.49 |
|
|
Net Loss Amount |
2 |
$ |
(9,840.13 |
) |
249 |
$ |
1,828,352.40 |
|
Net Loss % of Average |
-0.05 |
% |
|||||
|
Cumulative Net Loss % |
0.11 |
% |
|||||
|
Average Net Loss of |
$ |
7,342.78 |
CREDIT ENHANCEMENT
|
Reconciliation of Reserve Account |
Reconciliation of Yield Supplement Account |
|||||
|
Beginning Reserve Account Balance |
$ |
4,048,594.82 |
Beginning Yield Supplement |
$ |
3,175,315.55 |
|
|
Investment Earnings |
$ |
17,450.73 |
Investment Earnings |
$ |
14,468.61 |
|
|
Excess Interest Deposited into the Reserve Account |
$ |
0.00 |
Additional Yield Supplement Amounts |
$ |
0.00 |
|
|
Investment Withdrawal to Seller |
$ |
(17,450.73 |
) |
Yield Supplement Withdrawal Amount |
$ |
370,517.58 |
|
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 |
$ |
4,048,594.82 |
Ending Yield Supplement Account Balance |
$ |
2,819,266.58 |
|
|
Reserve Account Required Amount |
$ |
4,048,594.82 |
4
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-2 Owner Trust |
|
Collection Period: June 1, 2024 through June 30, 2024 |
|
Deal Age |
38 |
Determination Date: 07/10/2024 |
|
Actual/360 Days |
28 |
Record Date: 07/14/2024 |
|
30/360 Days |
30 |
Payment Date: 07/15/2024 |
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