10/25/2024 | Press release | Distributed by Public on 10/25/2024 04:01
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-2 Owner Trust |
Collection Period: September 1, 2024 through September 30, 2024 |
Deal Age |
41 |
Determination Date: 10/10/2024 |
Actual/360 Days |
29 |
Record Date: 10/14/2024 |
30/360 Days |
30 |
Payment Date: 10/15/2024 |
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 |
$ |
353,984.89 |
Interest Related to Repurchased Receivables |
$ |
0.00 |
Interest Advance for simple Interest - Net * |
$ |
0.00 |
Total Interest Collections |
$ |
353,984.89 |
* 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 |
$ |
13,381,658.21 |
Prepayments in Full |
$ |
2,949,005.73 |
Liquidation Proceeds |
$ |
3,798.50 |
Principal Related to Repurchased Receivables |
$ |
0.00 |
Recoveries from Prior Month Charge Offs |
$ |
13,605.62 |
Total Principal Collections |
$ |
16,348,068.06 |
Total Interest and Principal Collections |
$ |
16,702,052.95 |
Yield Supplement Deposit |
$ |
291,757.48 |
Collection Account Investment Earnings |
$ |
0.00 |
Total Available Amount |
$ |
16,993,810.43 |
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-2 Owner Trust |
Collection Period: September 1, 2024 through September 30, 2024 |
Deal Age |
41 |
Determination Date: 10/10/2024 |
Actual/360 Days |
29 |
Record Date: 10/14/2024 |
30/360 Days |
30 |
Payment Date: 10/15/2024 |
DISTRIBUTIONS
Note Percentage |
100.00 |
% |
||||||
Certificate Percentage |
0.00 |
% |
Amount Due |
Amount Paid |
Shortfall |
|||
Total Servicing Fee |
1.00 |
% |
$ |
155,767.78 |
$ |
155,767.78 |
$ |
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 |
$ |
50.44 |
$ |
50.44 |
$ |
0.00 |
||
Interest - Class A-4 Notes |
$ |
67,030.33 |
$ |
67,030.33 |
$ |
0.00 |
||
Total Monthly Interest |
$ |
67,080.77 |
$ |
67,080.77 |
$ |
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 |
$ |
183,412.47 |
$ |
183,412.47 |
$ |
0.00 |
||
Principal - Class A-4 Notes |
$ |
16,178,323.84 |
$ |
16,178,323.84 |
$ |
0.00 |
||
Total Monthly Principal |
$ |
16,361,736.31 |
$ |
16,361,736.31 |
$ |
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 |
$ |
409,225.57 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
409,225.57 |
Noteholder/Certificateholder Distributions |
Fee |
Interest |
Interest |
Principal |
Principal |
Amount |
||||
Servicing Fee |
$ |
0.10 |
$ |
155,767.78 |
||||||
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 |
$ |
0.00 |
$ |
0.00 |
$ |
0.34 |
$ |
0.00 |
$ |
183,462.91 |
Class A-4 Notes |
$ |
0.46 |
$ |
0.00 |
$ |
110.62 |
$ |
0.00 |
$ |
16,245,354.17 |
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: September 1, 2024 through September 30, 2024 |
Deal Age |
41 |
Determination Date: 10/10/2024 |
Actual/360 Days |
29 |
Record Date: 10/14/2024 |
30/360 Days |
30 |
Payment Date: 10/15/2024 |
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 |
$ |
183,412.47 |
0.0003397 |
$ |
0.00 |
0.0000000 |
Class A-4 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
146,248,000.00 |
1.0000000 |
$ |
130,069,676.16 |
0.8893775 |
Certificates |
$ |
0.00 |
$ |
0.00 |
$ |
40,489,928.90 |
1.0000000 |
$ |
40,489,928.90 |
1.0000000 |
Total Securities |
$ |
186,921,341.37 |
0.1154236 |
$ |
170,559,605.06 |
0.1053202 |
||||
Total Notes |
$ |
146,431,412.47 |
0.0927399 |
$ |
130,069,676.16 |
0.0823774 |
Portfolio Information |
Original |
Prior Month |
Current Month |
|||
Weighted Average Coupon (WAC) |
2.45 |
% |
2.28 |
% |
2.28 |
% |
Weighted Average Remaining Maturity (WAM) |
49.43 |
16.82 |
16.08 |
|||
Weighted Average Original Maturity (WAOM) |
61.58 |
|||||
Remaining Number of Receivables |
88,835 |
31,006 |
29,865 |
|||
Portfolio Receivable Balance |
$ |
1,619,437,928.90 |
$ |
186,921,341.37 |
$ |
170,559,605.06 |
DELINQUENCY AND NET LOSS ACTIVITY
Net Loss and Delinquency Account Activity |
Amount |
|
Gross Principal Balance on Defaulted Receivables |
$ |
31,072.37 |
Liquidation Proceeds |
$ |
3,798.50 |
Recoveries on Previously Defaulted Contracts |
$ |
13,605.62 |
Aggregate Net Losses for Collection Period |
$ |
13,668.25 |
Net Loss Rate for Collection Period's Average Balance (annualized) |
0.09 |
% |
Cumulative Net Losses for all Periods |
$ |
1,797,094.52 |
Delinquent Receivables |
# Units |
% Unit |
Dollar Amount |
% Dollar |
|||
31-60 Days Delinquent |
167 |
0.56 |
% |
$ |
1,537,605.30 |
0.90 |
% |
61-90 Days Delinquent |
55 |
0.18 |
% |
$ |
551,079.82 |
0.32 |
% |
91-120 Days Delinquent |
8 |
0.03 |
% |
$ |
45,072.34 |
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 |
8 |
0.03 |
% |
$ |
97,140.76 |
0.06 |
% |
Total Accumulated Repossessed Vehicles in Inventory |
17 |
0.06 |
% |
$ |
207,441.91 |
0.12 |
% |
3
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2021-2 Owner Trust |
Collection Period: September 1, 2024 through September 30, 2024 |
Deal Age |
41 |
Determination Date: 10/10/2024 |
Actual/360 Days |
29 |
Record Date: 10/14/2024 |
30/360 Days |
30 |
Payment Date: 10/15/2024 |
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 |
-0.06 |
% |
Second Preceding Collection Period |
0.13 |
% |
Preceding Collection Period |
-0.25 |
% |
Current Collection Period |
0.09 |
% |
Four Month Average |
-0.02 |
% |
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
||
Second Preceding Collection Period |
0.23 |
% |
Preceding Collection Period |
0.25 |
% |
Current Collection Period |
0.27 |
% |
Three Month Average |
0.25 |
% |
Delinquency Trigger |
4.80% |
Delinquency Percentage exceeds Delinquency Trigger: |
No |
Delinquency Percentage - |
0.35% |
||
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 |
9 |
$ |
31,072.37 |
268 |
$ |
4,581,340.27 |
Liquidation Proceeds and Recoveries |
29 |
$ |
17,285.59 |
227 |
$ |
2,756,528.30 |
Net Loss Amount |
9 |
$ |
13,786.78 |
268 |
$ |
1,824,811.97 |
Net Loss % of Average |
0.09 |
% |
||||
Cumulative Net Loss % |
0.11 |
% |
||||
Average Net Loss of |
$ |
6,809.00 |
CREDIT ENHANCEMENT
Reconciliation of Reserve Account |
Reconciliation of Yield Supplement Account |
|||||
Beginning Reserve Account Balance |
$ |
4,048,594.82 |
Beginning Yield Supplement |
$ |
2,142,407.09 |
|
Investment Earnings |
$ |
16,771.06 |
Investment Earnings |
$ |
9,433.00 |
|
Excess Interest Deposited into the Reserve Account |
$ |
0.00 |
Additional Yield Supplement Amounts |
$ |
0.00 |
|
Investment Withdrawal to Seller |
$ |
(16,771.06 |
) |
Yield Supplement Withdrawal Amount |
$ |
291,757.48 |
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 |
$ |
1,860,082.61 |
|
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: September 1, 2024 through September 30, 2024 |
Deal Age |
41 |
Determination Date: 10/10/2024 |
Actual/360 Days |
29 |
Record Date: 10/14/2024 |
30/360 Days |
30 |
Payment Date: 10/15/2024 |
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