Hyundai Auto Receivables Trust 2021-A
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Monthly Servicing Report
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Collection Period
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June 2024
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Distribution Date
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07/15/24
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Transaction Month
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39
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30/360 Days
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30
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Actual/360 Days
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28
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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
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March 15, 2021
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Closing Date:
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April 28, 2021
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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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1,352,165,787.16
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57,550
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3.40
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%
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58.27
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Original Adj. Pool Balance:
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$
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1,320,711,895.23
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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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257,000,000.00
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19.007
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%
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0.12622
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%
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May 16, 2022
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Class A-2 Notes
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Fixed
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$
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421,100,000.00
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31.143
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%
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0.23000
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%
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February 15, 2024
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Class A-3 Notes
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Fixed
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$
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421,100,000.00
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31.143
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%
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0.38000
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%
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September 15, 2025
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Class A-4 Notes
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Fixed
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$
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125,090,000.00
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9.251
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%
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0.62000
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%
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May 17, 2027
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Class B Notes
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Fixed
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$
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23,780,000.00
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1.759
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%
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1.09000
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%
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May 17, 2027
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Class C Notes
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Fixed
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$
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39,620,000.00
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2.930
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%
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1.33000
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%
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November 15, 2027
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Total Securities
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$
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1,287,690,000.00
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95.232
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%
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Overcollateralization
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$
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33,021,895.23
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2.442
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%
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YSOA
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$
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31,453,891.93
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2.326
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%
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Total Original Pool Balance
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$
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1,352,165,787.16
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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 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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13,547,531.94
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0.0321718
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$
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-
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-
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$
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13,547,531.94
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Class A-4 Notes
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$
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125,090,000.00
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1.0000000
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$
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122,679,282.57
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0.9807281
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$
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2,410,717.43
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Class B Notes
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$
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23,780,000.00
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1.0000000
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$
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23,780,000.00
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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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39,620,000.00
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1.0000000
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$
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39,620,000.00
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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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202,037,531.94
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0.1568992
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$
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186,079,282.57
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0.1445063
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$
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15,958,249.37
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Weighted Avg. Coupon (WAC)
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3.42
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%
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3.44
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%
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Weighted Avg. Remaining Maturity (WARM)
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22.74
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21.98
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Pool Receivables Balance
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$
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245,158,263.70
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$
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228,866,456.93
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Remaining Number of Receivables
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29,662
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28,963
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Adjusted Pool Balance
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$
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241,658,888.80
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$
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225,700,639.43
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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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16,050,835.16
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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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113,346.87
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Total Principal Collections
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$
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16,164,182.03
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Interest:
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Interest Collections
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$
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698,125.70
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Late Fees & Other Charges
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$
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29,108.95
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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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727,234.65
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Collection Account Interest
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$
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65,348.27
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Reserve Account Interest
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$
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13,091.52
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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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16,969,856.47
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IV. DISTRIBUTIONS
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Total Collections
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$
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16,969,856.47
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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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16,969,856.47
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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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204,298.55
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$
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-
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$
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204,298.55
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204,298.55
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Collection Account Interest
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$
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65,348.27
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Late Fees & Other Charges
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$
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29,108.95
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Total due to Servicer
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$
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298,755.77
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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 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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4,290.05
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$
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4,290.05
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Class A-4 Notes
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$
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64,629.83
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$
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64,629.83
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Total Class A interest:
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$
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68,919.88
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$
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68,919.88
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68,919.88
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3. First Priority Principal Distribution:
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$
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-
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$
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-
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0.00
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4. Class B Noteholders Interest:
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$
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21,600.17
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$
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21,600.17
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21,600.17
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5. Second Priority Principal Distribution:
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$
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-
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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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43,912.17
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$
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43,912.17
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43,912.17
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Available Funds Remaining:
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$
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16,536,668.48
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7. Regular Principal Distribution Amount:
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15,958,249.37
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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 Notes
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$
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-
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Class A-3 Notes
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$
|
13,547,531.94
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Class A-4 Notes
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$
|
2,410,717.43
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Class A Notes Total:
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$
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15,958,249.37
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$
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15,958,249.37
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Class B Notes Total:
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$
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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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$
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-
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Total Noteholders Principal
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$
|
15,958,249.37
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$
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15,958,249.37
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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
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|
578,419.11
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V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
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Beginning Period Required Amount
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|
$
|
3,499,374.90
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Beginning Period Amount
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|
$
|
3,499,374.90
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Current Period Amortization
|
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|
$
|
333,557.40
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Ending Period Required Amount
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|
$
|
3,165,817.50
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Ending Period Amount
|
|
|
$
|
3,165,817.50
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|
Next Distribution Date Required Amount
|
|
|
$
|
2,852,302.47
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VI. RESERVE ACCOUNT
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Reserve Percentage of Initial Adjusted Pool Balance
|
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|
|
0.25
|
%
|
Beginning Period Required Amount
|
|
|
$
|
3,301,779.74
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Beginning Period Amount
|
|
|
$
|
3,301,779.74
|
|
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)
|
|
|
$
|
3,301,779.74
|
|
Ending Period Amount
|
|
|
$
|
3,301,779.74
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
Overcollateralization Amount
|
|
|
$
|
39,621,356.86
|
|
|
$
|
39,621,356.86
|
|
|
$
|
39,621,356.86
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
3.00
|
%
|
|
3.00
|
%
|
|
3.00
|
%
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
16.40
|
%
|
|
17.55
|
%
|
|
17.55
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
Current
|
|
|
98.43
|
%
|
|
28,509
|
|
|
|
97.62
|
%
|
$
|
223,413,829.64
|
|
30 - 60 Days
|
|
|
1.20
|
%
|
|
347
|
|
|
|
1.82
|
%
|
$
|
4,167,423.43
|
|
61 - 90 Days
|
|
|
0.31
|
%
|
|
89
|
|
|
|
0.47
|
%
|
$
|
1,075,135.50
|
|
91-120 Days
|
|
|
0.06
|
%
|
|
17
|
|
|
|
0.09
|
%
|
$
|
202,887.48
|
|
121 + Days
|
|
|
0.00
|
%
|
|
1
|
|
|
|
0.00
|
%
|
$
|
7,180.88
|
|
Total
|
|
|
28,963
|
|
|
|
|
|
|
$
|
228,866,456.93
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
Current Period
|
|
|
1.57
|
%
|
|
454
|
|
|
|
2.38
|
%
|
$
|
5,452,627.29
|
|
1st Preceding Collection Period
|
|
|
1.58
|
%
|
|
470
|
|
|
|
2.32
|
%
|
$
|
5,697,421.99
|
|
2nd Preceding Collection Period
|
|
|
1.42
|
%
|
|
432
|
|
|
|
2.07
|
%
|
$
|
5,445,886.14
|
|
3rd Preceding Collection Period
|
|
|
1.48
|
%
|
|
459
|
|
|
|
2.12
|
%
|
$
|
5,948,894.22
|
|
Four-Month Average
|
|
|
1.51
|
%
|
|
|
|
|
|
|
2.23
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.56
|
%
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
23
|
|
|
|
|
|
|
$
|
336,331.10
|
|
Repossession Inventory
|
|
|
50
|
|
|
|
|
|
|
$
|
738,610.62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
Gross Principal of Charge-Offs
|
|
|
$
|
240,971.61
|
|
Recoveries
|
|
|
$
|
(113,346.87
|
)
|
Net Loss
|
|
|
$
|
127,624.74
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
0.62
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
237,012,360.31
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
Current Period
|
|
|
|
0.65
|
%
|
1st Preceding Collection Period
|
|
|
|
-0.15
|
%
|
2nd Preceding Collection Period
|
|
|
|
0.79
|
%
|
3rd Preceding Collection Period
|
|
|
|
0.34
|
%
|
Four-Month Average
|
|
|
|
0.41
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
Gross Principal of Charge-Offs
|
|
|
23
|
|
|
|
1,266
|
|
|
$
|
20,264,047.51
|
|
Recoveries
|
|
|
14
|
|
|
|
997
|
|
|
$
|
(11,342,376.39
|
)
|
Net Loss
|
|
|
$
|
8,921,671.12
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.66
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
20
|
|
|
|
1,005
|
|
|
$
|
8,977,014.41
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
8,932.35
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
960,437.46
|
|
Number of Extensions
|
|
|
|
76
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* 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.
|