World Omni Auto Receivables Trust 2021 D

11/27/2024 | Press release | Distributed by Public on 11/27/2024 06:05

Asset Backed Issuer Distribution Report Form 10 D

World Omni Auto Receivables Trust 2021-D
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 09/30/24 279,076,104.89 22,521
Yield Supplement Overcollateralization Amount 09/30/24 3,139,206.96 0
Receivables Balance 09/30/24 282,215,311.85 22,521
Principal Payments 14,884,010.22 375
Defaulted Receivables 314,863.11 17
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 10/31/24 2,847,802.06 0
Pool Balance at 10/31/24 264,168,636.46 22,129
Pool Statistics $ Amount # of Accounts
Pool Factor 22.55 %
Prepayment ABS Speed 1.15 %
Aggregate Starting Principal Balance 1,183,996,579.97 40,585
Delinquent Receivables:
Past Due 31-60 days 5,868,873.57 343
Past Due 61-90 days 2,173,866.83 122
Past Due 91-120 days 496,927.38 25
Past Due 121+ days 0.00 0
Total 8,539,667.78 490
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.20 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 1.00 %
Delinquency Trigger Occurred NO
Recoveries 252,970.27
Aggregate Net Losses/(Gains) - October 2024 61,892.84
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.26 %
Prior Net Losses/(Gains) Ratio -0.01 %
Second Prior Net Losses/(Gains) Ratio 0.13 %
Third Prior Net Losses/(Gains) Ratio 0.65 %
Four Month Average 0.26 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.47 %
Overcollateralization Target Amount 5,755,408.97
Actual Overcollateralization 5,755,408.97
Weighted Average Contract Rate 4.11 %
Weighted Average Contract Rate, Yield Adjusted 5.20 %
Weighted Average Remaining Term 28.69
Flow of Funds $ Amount
Collections 16,098,751.95
Investment Earnings on Cash Accounts 13,700.46
Servicing Fee (235,179.43 )
Transfer to Collection Account -
Available Funds 15,877,272.98
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 178,913.14
(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 9,152,059.46
(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 722,399.74
Total Distributions of Available Funds 15,877,272.98
Servicing Fee 235,179.43
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 1,096,400,000.00
Original Class B 34,530,000.00
Original Class C 17,270,000.00
Total Class A, B, & C
Note Balance @ 10/15/24 273,320,695.92
Principal Paid 14,907,468.43
Note Balance @ 11/15/24 258,413,227.49
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 99,920,695.92
Principal Paid 14,907,468.43
Note Balance @ 11/15/24 85,013,227.49
Note Factor @ 11/15/24 21.9445605 %
Class A-4
Note Balance @ 10/15/24 121,600,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 121,600,000.00
Note Factor @ 11/15/24 100.0000000 %
Class B
Note Balance @ 10/15/24 34,530,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 34,530,000.00
Note Factor @ 11/15/24 100.0000000 %
Class C
Note Balance @ 10/15/24 17,270,000.00
Principal Paid 0.00
Note Balance @ 11/15/24 17,270,000.00
Note Factor @ 11/15/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 247,404.81
Total Principal Paid 14,907,468.43
Total Paid 15,154,873.24
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 67,446.47
Principal Paid 14,907,468.43
Total Paid to A-3 Holders 14,974,914.90
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 0.2154719
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 12.9833378
Total Distribution Amount 13.1988097
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 0.1741003
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 38.4808168
Total A-3 Distribution Amount 38.6549171
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 613.92
Noteholders' Principal Distributable Amount 386.08
Account Balances $ Amount
Reserve Account
Balance as of 10/15/24 2,877,704.48
Investment Earnings 11,583.35
Investment Earnings Paid (11,583.35 )
Deposit/(Withdrawal) -
Balance as of 11/15/24 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 $ 4,291,629.33 $ 2,269,302.97 $ 1,977,586.34
Number of Extensions 249 126 117
Ratio of extensions to Beginning of Period Receivables Balance 1.52 % 0.76 % 0.63 %