World Omni Auto Receivables Trust 2021-A

11/27/2024 | Press release | Distributed by Public on 11/27/2024 05:51

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2021-A
Monthly Servicer Certificate
October 31, 2024
Dates Covered
Collections Period 10/01/24 - 10/31/24
Interest Accrual Period 10/15/24 - 11/14/24
30/360 Days 30
Actual/360 Days 31
Distribution Date 11/15/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 09/30/24 151,764,709.53 16,578
Yield Supplement Overcollateralization Amount 09/30/24 2,498,209.60 0
Receivables Balance 09/30/24 154,262,919.13 16,578
Principal Payments 10,401,057.99 317
Defaulted Receivables 240,538.40 22
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 10/31/24 2,206,177.41 0
Pool Balance at 10/31/24 141,415,145.33 16,239
Pool Statistics $ Amount # of Accounts
Pool Factor 12.41 %
Prepayment ABS Speed 1.08 %
Aggregate Starting Principal Balance 1,157,521,164.95 46,418
Delinquent Receivables:
Past Due 31-60 days 3,335,935.38 259
Past Due 61-90 days 1,294,818.54 89
Past Due 91-120 days 199,724.26 15
Past Due 121+ days 0.00 0
Total 4,830,478.18 363
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.36 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 1.04 %
Delinquency Trigger Occurred NO
Recoveries 66,535.50
Aggregate Net Losses/(Gains) - October 2024 174,002.90
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 1.35 %
Prior Net Losses/(Gains) Ratio 0.40 %
Second Prior Net Losses/(Gains) Ratio 0.26 %
Third Prior Net Losses/(Gains) Ratio 0.47 %
Four Month Average 0.62 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.38 %
Overcollateralization Target Amount 5,504,632.16
Actual Overcollateralization 5,504,632.16
Weighted Average Contract Rate 3.80 %
Weighted Average Contract Rate, Yield Adjusted 5.78 %
Weighted Average Remaining Term 20.84
Flow of Funds $ Amount
Collections 10,948,765.16
Investment Earnings on Cash Accounts 23,605.71
Servicing Fee (128,552.43 )
Transfer to Collection Account 0.00
Available Funds 10,843,818.44
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 38,684.03
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 17,616.00
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 12,252.33
(7) Noteholders' Third Priority Principal Distributable Amount 4,844,932.04
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,504,632.16
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 425,701.88
Total Distributions of Available Funds 10,843,818.44
Servicing Fee 128,552.43
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 1,048,620,000.00
Original Class B 33,030,000.00
Original Class C 16,520,000.00
Total Class A, B, & C
Note Balance @ 10/15/24 146,260,077.37
Principal Paid 10,349,564.20
Note Balance @ 11/15/24 135,910,513.17
Class A-1
Note Balance @ 10/15/24 0.00
Principal Paid 0.00
Note Balance @ 11/15/24 0.00
Note Factor @ 11/15/24 0.0000000 %
Class A-2
Note Balance @ 10/15/24 0.00
Principal Paid 0.00
Note Balance @ 11/15/24 0.00
Note Factor @ 11/15/24 0.0000000 %
Class A-3
Note Balance @ 10/15/24 0.00
Principal Paid 0.00
Note Balance @ 11/15/24 0.00
Note Factor @ 11/15/24 0.0000000 %
Class A-4
Note Balance @ 10/15/24 96,710,077.37
Principal Paid 10,349,564.20
Note Balance @ 11/15/24 86,360,513.17
Note Factor @ 11/15/24 86.3432445 %
Class B
Note Balance @ 10/15/24 33,030,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 33,030,000.00
Note Factor @ 11/15/24 100.0000000 %
Class C
Note Balance @ 10/15/24 16,520,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 16,520,000.00
Note Factor @ 11/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 68,552.36
Total Principal Paid 10,349,564.20
Total Paid 10,418,116.56
Class A-1
Coupon 0.13857 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2
Coupon 0.17000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2 Holders 0.00
Class A-3
Coupon 0.30000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-3 Holders 0.00
Class A-4
Coupon 0.48000 %
Interest Paid 38,684.03
Principal Paid 10,349,564.20
Total Paid to A-4 Holders 10,388,248.23
Class B
Coupon 0.64000 %
Interest Paid 17,616.00
Principal Paid 0.00
Total Paid to B Holders 17,616.00
Class C
Coupon 0.89000 %
Interest Paid 12,252.33
Principal Paid 0.00
Total Paid to C Holders 12,252.33
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 0.0624242
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 9.4243735
Total Distribution Amount 9.4867977
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 0.0000000
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 0.0000000
Total A-3 Distribution Amount 0.0000000
A-4 Interest Distribution Amount 0.3867629
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 103.4749470
Total A-4 Distribution Amount 103.8617099
B Interest Distribution Amount 0.5333333
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 0.5333333
C Interest Distribution Amount 0.7416665
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 0.7416665
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 468.13
Noteholders' Principal Distributable Amount 531.87
Account Balances $ Amount
Reserve Account
Balance as of 10/15/24 5,504,632.16
Investment Earnings 22,157.27
Investment Earnings Paid (22,157.27 )
Deposit/(Withdrawal) -
Balance as of 11/15/24 5,504,632.16
Change -
Required Reserve Amount 5,504,632.16
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 1,967,668.33 $ 929,463.68 $ 1,083,322.76
Number of Extensions 159 72 82
Ratio of extensions to Beginning of Period Receivables Balance 1.28 % 0.56 % 0.61 %