Verizon Master Trust
09/29/2023 | Press release | Distributed by Public on 09/29/2023 08:25
Asset-Backed Issuer Distribution Report - Form 10-D
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
|
Collection Period Beginning |
08/01/2023 | |
|
Collection Period End |
08/31/2023 | |
|
Previous Payment Date |
08/21/2023 | |
|
Payment Date |
09/20/2023 | |
|
Days in Collection Period |
31 | |
|
Days in Interest Period |
30 | |
|
Group Status at End of Previous Payment Date |
Revolving |
|
I. Reconciliation of Pool Balance and Pool Information |
||||
|
Beginning of Collection Period Pool Balance |
$ | 23,328,201,566.99 | ||
|
LESS: Collections (including prepayments, credit and upgrade payments) |
$ | 1,131,923,529.17 | ||
|
LESS: Reconveyance Amount |
$ | 34,267,165.83 | ||
|
LESS: Written-Off Receivables |
$ | 50,701,833.34 | ||
|
ADD: addition of Receivables |
$ | 1,316,171,089.43 | ||
|
LESS: Redesignated Receivables (Outgoing) / transferred out |
$ | 0.00 | ||
|
ADD: Redesignated Receivables (Incoming) |
$ | 0.00 | ||
|
End of Collection Period Pool Balance |
$ | 23,427,480,128.08 | ||
|
Consumer Pool Balance |
$ | 21,085,145,368.24 | ||
|
Business Pool Balance |
$ | 2,342,334,759.84 | ||
|
II. Group One Available Funds |
||||
|
Available Funds - Sources |
||||
|
+ Collections |
$ | 1,023,578,854.62 | ||
|
+ Prepayments |
$ | 87,253,021.42 | ||
|
+ Reconveyance Amounts |
$ | 30,404,941.76 | ||
|
+ Credit Payments |
$ | 17,000,940.38 | ||
|
+ Upgrade Prepayments |
$ | 4,090,712.75 | ||
|
+ Parent Support Provider Payments |
$ | 0.00 | ||
|
+ Excess sale proceeds |
$ | 0.00 | ||
|
- Receivables purchased from Depositor |
$ | 0.00 | ||
|
+ Available Subordinated Amounts |
$ | 0.00 | ||
|
Total Group Sources of Funds |
$ | 1,162,328,470.93 | ||
Page 1 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
III. Note Balances and Required Overcollateralization
| Initial Note Balance | Beginning Note Balan | Ending Note Balance | Target OC | Series Invested Amount | ||||||||||||||||||||||||||||
|
Overcollateralization Percentage |
Revolving Period Ended? |
Note Bal at End of Revolv Per |
A1 | A2 | A | B | =A+B | |||||||||||||||||||||||||
|
2021-1 |
10.50 | FALSE | N/A | $ | 1,700,000,000.00 | $ | 1,700,000,000.00 | $ | 1,700,000,000.00 | $ | 199,441,340.78 | $ | 1,899,441,340.78 | |||||||||||||||||||
|
2021-2 |
10.00 | FALSE | N/A | $ | 1,400,000,000.00 | $ | 1,400,000,000.00 | $ | 1,400,000,000.00 | $ | 155,555,555.56 | $ | 1,555,555,555.56 | |||||||||||||||||||
|
2022-2 |
8.75 | FALSE | N/A | $ | 800,000,000.00 | $ | 800,000,000.00 | $ | 800,000,000.00 | $ | 76,712,328.77 | $ | 876,712,328.77 | |||||||||||||||||||
|
2022-3 |
8.75 | FALSE | N/A | $ | 450,000,000.00 | $ | 450,000,000.00 | $ | 450,000,000.00 | $ | 43,150,684.93 | $ | 493,150,684.93 | |||||||||||||||||||
|
2022-4 |
8.75 | FALSE | N/A | $ | 550,000,000.00 | $ | 550,000,000.00 | $ | 550,000,000.00 | $ | 52,739,726.03 | $ | 602,739,726.03 | |||||||||||||||||||
|
2022-5 |
8.75 | FALSE | N/A | $ | 460,080,000.00 | $ | 460,080,000.00 | $ | 460,080,000.00 | $ | 44,117,260.27 | $ | 504,197,260.27 | |||||||||||||||||||
|
2022-6 |
8.75 | FALSE | N/A | $ | 539,920,000.00 | $ | 539,920,000.00 | $ | 539,920,000.00 | $ | 51,773,150.68 | $ | 591,693,150.68 | |||||||||||||||||||
|
2022-7 |
8.25 | FALSE | N/A | $ | 1,000,000,000.00 | $ | 1,000,000,000.00 | $ | 1,000,000,000.00 | $ | 89,918,256.13 | $ | 1,089,918,256.13 | |||||||||||||||||||
|
2023-1 |
8.25 | FALSE | N/A | $ | 1,000,000,000.00 | $ | 1,000,000,000.00 | $ | 1,000,000,000.00 | $ | 89,918,256.13 | $ | 1,089,918,256.13 | |||||||||||||||||||
|
2023-2 |
8.25 | FALSE | N/A | $ | 1,000,000,000.00 | $ | 1,000,000,000.00 | $ | 1,000,000,000.00 | $ | 89,918,256.13 | $ | 1,089,918,256.13 | |||||||||||||||||||
|
2023-3 |
8.25 | FALSE | N/A | $ | 300,000,000.00 | $ | 300,000,000.00 | $ | 300,000,000.00 | $ | 26,975,476.84 | $ | 326,975,476.84 | |||||||||||||||||||
|
2023-4 |
8.25 | FALSE | N/A | $ | 800,000,000.00 | $ | 800,000,000.00 | $ | 800,000,000.00 | $ | 71,934,604.90 | $ | 871,934,604.90 | |||||||||||||||||||
|
2021-A |
8.75 | FALSE | N/A | $ | 2,866,666,666.65 | $ | 4,718,750,000.00 | $ | 4,718,750,000.00 | $ | 452,482,876.71 | $ | 5,171,232,876.71 | |||||||||||||||||||
|
2021-B |
8.75 | FALSE | N/A | $ | 1,433,333,333.35 | $ | 2,831,250,000.00 | $ | 2,831,250,000.00 | $ | 271,489,726.03 | $ | 3,102,739,726.03 | |||||||||||||||||||
|
Total |
$ | 14,300,000,000.00 | $ | 17,550,000,000.00 | $ | 17,550,000,000.00 | $ | 1,716,127,499.89 | $ | 19,266,127,499.89 | ||||||||||||||||||||||
IV. Financing Adjustment Dates and Series Invested Amounts (C)
Financing Adjustment Dates
| 8/1/2023 | 8/31/2023 | |||||||
|
Time weight (days in Collection Period) |
30.00 | 1.00 | ||||||
|
2021-1 |
$ | 1,899,441,340.78 | $ | 1,899,441,340.78 | ||||
|
2021-2 |
$ | 1,555,555,555.56 | $ | 1,555,555,555.56 | ||||
|
2022-2 |
$ | 876,712,328.77 | $ | 876,712,328.77 | ||||
|
2022-3 |
$ | 493,150,684.93 | $ | 493,150,684.93 | ||||
|
2022-4 |
$ | 602,739,726.03 | $ | 602,739,726.03 | ||||
|
2022-5 |
$ | 504,197,260.27 | $ | 504,197,260.27 | ||||
|
2022-6 |
$ | 591,693,150.68 | $ | 591,693,150.68 | ||||
|
2022-7 |
$ | 1,089,918,256.13 | $ | 1,089,918,256.13 | ||||
|
2023-1 |
$ | 1,089,918,256.13 | $ | 1,089,918,256.13 |
Page 2 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
|
2023-2 |
$ | 1,089,918,256.13 | $ | 1,089,918,256.13 | ||||
|
2023-3 |
$ | 326,975,476.84 | $ | 326,975,476.84 | ||||
|
2023-4 |
$ | 871,934,604.90 | $ | 871,934,604.90 | ||||
|
2021-A |
$ | 5,171,232,876.71 | $ | 5,171,232,876.71 | ||||
|
2021-B |
$ | 3,102,739,726.03 | $ | 3,102,739,726.03 | ||||
|
Total |
$ | 19,266,127,499.89 | $ | 19,266,127,499.89 | ||||
V. Discounted Series Invested Amounts
Pool Balances on Financing Adjustment Dates (D)
| 8/1/2023 | 8/31/2023 | Time Wgt Avg | ||||||||||
|
VZMT Group One |
$ | 23,328,201,535.01 | $ | 23,427,480,096.10 | 23,331,404,069.24 |
Present values of remaining unpaid payments ( E )
| Discount Rate | 8/1/2023 | 8/31/2023 | ||||||||||
|
2021-1 |
6.30 | % | $ | 21,741,738,842.38 | $ | 21,845,847,560.75 | ||||||
|
2021-2 |
6.80 | % | $ | 21,622,790,808.15 | $ | 21,727,207,155.26 | ||||||
|
2022-2 |
7.32 | % | $ | 21,500,122,536.09 | $ | 21,604,848,370.79 | ||||||
|
2022-3 |
8.80 | % | $ | 21,156,685,443.90 | $ | 21,262,235,382.20 | ||||||
|
2022-4 |
9.19 | % | $ | 21,067,566,371.87 | $ | 21,173,319,849.27 | ||||||
|
2022-5 |
9.51 | % | $ | 20,994,867,121.33 | $ | 21,100,783,461.26 | ||||||
|
2022-6 |
9.46 | % | $ | 21,006,201,290.06 | $ | 21,112,092,427.18 |
Page 3 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
| 8/1/2023 | 8/31/2023 | |||||||||||
|
2022-7 |
11.02 | % | $ | 20,656,900,503.13 | $ | 20,763,536,152.99 | ||||||
|
2023-1 |
10.28 | % | $ | 20,821,485,935.61 | $ | 20,927,779,100.23 | ||||||
|
2023-2 |
10.68 | % | $ | 20,732,274,381.29 | $ | 20,838,755,035.14 | ||||||
|
2023-3 |
10.52 | % | $ | 20,767,889,185.99 | $ | 20,874,295,514.74 | ||||||
|
2023-4 |
10.95 | % | $ | 20,672,384,555.46 | $ | 20,778,988,620.23 | ||||||
|
2021-A |
10.36 | % | $ | 20,803,597,030.91 | $ | 20,909,928,141.22 | ||||||
|
2021-B |
11.59 | % | $ | 20,531,470,312.59 | $ | 20,638,356,928.19 |
Discounted Series Invested Amounts (F = C * (D/E))
| 8/1/2023 | 8/31/2023 | |||||||
|
2021-1 |
$ | 2,038,043,575.42 | $ | 2,036,960,893.85 | ||||
|
2021-2 |
$ | 1,678,242,222.23 | $ | 1,677,293,333.34 | ||||
|
2022-2 |
$ | 951,259,178.09 | $ | 950,671,780.83 | ||||
|
2022-3 |
$ | 543,767,671.23 | $ | 543,373,150.68 | ||||
|
2022-4 |
$ | 667,413,698.63 | $ | 666,907,397.26 | ||||
|
2022-5 |
$ | 560,233,743.78 | $ | 559,795,092.16 | ||||
|
2022-6 |
$ | 657,098,911.56 | $ | 656,584,138.52 | ||||
|
2022-7 |
$ | 1,230,866,485.01 | $ | 1,229,754,768.39 | ||||
|
2023-1 |
$ | 1,221,133,514.99 | $ | 1,220,098,092.64 | ||||
|
2023-2 |
$ | 1,226,386,920.98 | $ | 1,225,318,801.09 |
Page 4 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
| 8/1/2023 | 8/31/2023 | |||||||
|
2023-3 |
$ | 367,285,013.62 | $ | 366,967,847.41 | ||||
|
2023-4 |
$ | 983,952,043.59 | $ | 983,071,389.64 | ||||
|
2021-A |
$ | 5,798,761,986.30 | $ | 5,793,849,315.07 | ||||
|
2021-B |
$ | 3,525,394,931.51 | $ | 3,522,043,972.61 | ||||
|
Total |
$ | 21,449,839,896.94 | $ | 21,432,689,973.49 | ||||
VI. Series Incremental Required Invested Amount Series Share (G)
| 8/1/2023 | 8/31/2023 | |||||||
|
2021-1 |
8.74 | % | 8.69 | % | ||||
|
2021-2 |
7.19 | % | 7.16 | % | ||||
|
2022-2 |
4.08 | % | 4.06 | % | ||||
|
2022-3 |
2.33 | % | 2.32 | % | ||||
|
2022-4 |
2.86 | % | 2.85 | % | ||||
|
2022-5 |
2.40 | % | 2.39 | % | ||||
|
2022-6 |
2.82 | % | 2.80 | % | ||||
|
2022-7 |
5.28 | % | 5.25 | % | ||||
|
2023-1 |
5.23 | % | 5.21 | % | ||||
|
2023-2 |
5.26 | % | 5.23 | % | ||||
|
2023-3 |
1.57 | % | 1.57 | % | ||||
|
2023-4 |
4.22 | % | 4.20 | % | ||||
|
2021-A |
24.86 | % | 24.73 | % | ||||
|
2021-B |
15.11 | % | 15.03 | % |
Page 5 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
| Ineligible Amounts (H) | ||||||||
| 8/1/2023 | 8/31/2023 | |||||||
|
2021-1 |
$ | 0.00 | $ | 0.00 | ||||
|
2021-2 |
$ | 0.00 | $ | 0.00 | ||||
|
2022-2 |
$ | 0.00 | $ | 0.00 | ||||
|
2022-3 |
$ | 0.00 | $ | 0.00 | ||||
|
2022-4 |
$ | 0.00 | $ | 0.00 | ||||
|
2022-5 |
$ | 0.00 | $ | 0.00 | ||||
|
2022-6 |
$ | 0.00 | $ | 0.00 | ||||
|
2022-7 |
$ | 0.00 | $ | 0.00 | ||||
|
2023-1 |
$ | 0.00 | $ | 0.00 | ||||
|
2023-2 |
$ | 0.00 | $ | 0.00 | ||||
|
2023-3 |
$ | 0.00 | $ | 0.00 | ||||
|
2023-4 |
$ | 0.00 | $ | 0.00 | ||||
|
2021-A |
$ | 0.00 | $ | 0.00 | ||||
|
2021-B |
$ | 0.00 | $ | 0.00 |
Excess Concentration Amounts (I)
| 8/1/2023 | 8/31/2023 | |||||||
|
2021-1 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2021-2 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2022-2 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2022-3 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2022-4 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2022-5 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2022-6 |
$ | 102,353,993.06 | $ | 105,888,752.08 |
Page 6 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
| 8/1/2023 | 8/31/2023 | |||||||
|
2022-7 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2023-1 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2023-2 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2023-3 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2023-4 |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2021-A |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
|
2021-B |
$ | 102,353,993.06 | $ | 105,888,752.08 | ||||
| Series Incremental Required Invested Amount (J = G * (H + I)) | ||||||||
| 8/1/2023 | 8/31/2023 | |||||||
|
2021-1 |
$ | 8,945,738.99 | $ | 9,201,732.56 | ||||
|
2021-2 |
$ | 7,359,252.10 | $ | 7,581,634.65 | ||||
|
2022-2 |
$ | 4,176,042.92 | $ | 4,299,083.33 | ||||
|
2022-3 |
$ | 2,384,848.04 | $ | 2,456,619.05 | ||||
|
2022-4 |
$ | 2,927,324.20 | $ | 3,017,829.43 | ||||
|
2022-5 |
$ | 2,456,495.83 | $ | 2,530,741.17 | ||||
|
2022-6 |
$ | 2,886,382.60 | $ | 2,964,885.06 | ||||
|
2022-7 |
$ | 5,404,290.83 | $ | 5,559,159.48 | ||||
|
2023-1 |
$ | 5,353,113.84 | $ | 5,516,803.98 | ||||
|
2023-2 |
$ | 5,383,820.03 | $ | 5,537,981.73 | ||||
|
2023-3 |
$ | 1,606,957.69 | $ | 1,662,453.41 | ||||
|
2023-4 |
$ | 4,319,338.51 | $ | 4,447,327.59 | ||||
|
2021-A |
$ | 25,445,202.67 | $ | 26,186,288.39 | ||||
|
2021-B |
$ | 15,465,688.35 | $ | 15,915,079.44 |
Page 7 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
| VII. Adjusted Series Invested Amounts & Allocation (K = F + J) | ||||||||||||
| 8/1/2023 | 8/31/2023 | Time Wgt Avg | ||||||||||
|
2021-1 |
$ | 2,046,989,314.41 | $ | 2,046,162,626.41 | $ | 2,046,962,647.06 | ||||||
|
2021-2 |
$ | 1,685,601,474.33 | $ | 1,684,874,967.99 | $ | 1,685,578,038.64 | ||||||
|
2022-2 |
$ | 955,435,221.01 | $ | 954,970,864.16 | $ | 955,420,241.76 | ||||||
|
2022-3 |
$ | 546,152,519.27 | $ | 545,829,769.73 | $ | 546,142,107.99 | ||||||
|
2022-4 |
$ | 670,341,022.83 | $ | 669,925,226.69 | $ | 670,327,610.05 | ||||||
|
2022-5 |
$ | 562,690,239.61 | $ | 562,325,833.33 | $ | 562,678,484.57 | ||||||
|
2022-6 |
$ | 659,985,294.16 | $ | 659,549,023.58 | $ | 659,971,220.92 | ||||||
|
2022-7 |
$ | 1,236,270,775.84 | $ | 1,235,313,927.87 | $ | 1,236,239,909.78 | ||||||
|
2023-1 |
$ | 1,226,486,628.83 | $ | 1,225,614,896.62 | $ | 1,226,458,508.44 | ||||||
|
2023-2 |
$ | 1,231,770,741.01 | $ | 1,230,856,782.82 | $ | 1,231,741,258.49 | ||||||
|
2023-3 |
$ | 368,891,971.31 | $ | 368,630,300.82 | $ | 368,883,530.33 | ||||||
|
2023-4 |
$ | 988,271,382.10 | $ | 987,518,717.23 | $ | 988,247,102.59 | ||||||
|
2021-A |
$ | 5,824,207,188.97 | $ | 5,820,035,603.46 | $ | 5,824,072,621.70 | ||||||
|
2021-B |
$ | 3,540,860,619.86 | $ | 3,537,959,052.05 | $ | 3,540,767,020.90 |
Page 8 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
|
Series Allocation % (L = K / (Greater of (i) D OR (ii) Sum of K)) |
||||
|
2021-1 |
8.77 | % | ||
|
2021-2 |
7.22 | % | ||
|
2022-2 |
4.10 | % | ||
|
2022-3 |
2.34 | % | ||
|
2022-4 |
2.87 | % | ||
|
2022-5 |
2.41 | % | ||
|
2022-6 |
2.83 | % | ||
|
2022-7 |
5.30 | % | ||
|
2023-1 |
5.26 | % | ||
|
2023-2 |
5.28 | % | ||
|
2023-3 |
1.58 | % | ||
|
2023-4 |
4.24 | % | ||
|
2021-A |
24.96 | % | ||
|
2021-B |
15.18 | % | ||
|
Transferor's Percentage |
7.66 | % | ||
|
Series Allocated Pool Balance (M = L * E) |
||||
|
2021-1 |
$ | 1,916,627,959.06 | ||
|
2021-2 |
$ | 1,569,682,080.93 | ||
|
2022-2 |
$ | 884,718,540.78 | ||
|
2022-3 |
$ | 497,706,405.83 | ||
|
2022-4 |
$ | 608,324,300.59 | ||
|
2022-5 |
$ | 508,883,374.58 | ||
|
2022-6 |
$ | 597,193,536.07 | ||
|
2022-7 |
$ | 1,100,178,802.96 | ||
|
2023-1 |
$ | 1,100,108,471.18 | ||
|
2023-2 |
$ | 1,100,146,646.20 | ||
|
2023-3 |
$ | 330,035,136.67 | ||
|
2023-4 |
$ | 880,133,543.09 | ||
|
2021-A |
$ | 5,219,615,720.34 | ||
|
2021-B |
$ | 3,132,070,855.92 | ||
|
Transferor's Interest |
$ | 1,795,275,915.19 |
Page 9 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
| VIII. Principal Funding Account(s) | ||||
|
Aggregate beginning Principal Funding Account Limit |
$ | 5,000,000,000.00 | ||
|
Aggregate ending Principal Funding Account Limit |
$ | 5,000,000,000.00 | ||
|
Aggregate beginning of period Principal Funding Account Balance |
$ | 0.00 | ||
|
Add: Aggregate deposit(s) to Principal Funding Account(s) |
$ | 0.00 | ||
|
Aggregate end of period Principal Funding Account |
$ | 0.00 | ||
|
Group One Required Pool Balance (Sum of all Adjusted Series Invested Amounts less Min of (i) Sum of Series PFA Accounts or (ii) Sum of Series PFA Limits) |
$ | 21,529,567,592.76 | ||
|
Pool Balance Deficit (Max(0, Required Pool Balance - Pool Balance)) |
$ | 0.00 |
| IX. Group One Available Funds allocation to Series | ||||
| Allocation | ||||
|
2021-1 |
$ | 101,975,958.53 | ||
|
2021-2 |
$ | 83,972,420.38 | ||
|
2022-2 |
$ | 47,597,350.88 | ||
|
2022-3 |
$ | 27,207,784.85 | ||
|
2022-4 |
$ | 33,394,510.60 | ||
|
2022-5 |
$ | 28,031,643.27 | ||
|
2022-6 |
$ | 32,878,552.99 | ||
|
2022-7 |
$ | 61,587,252.59 | ||
|
2023-1 |
$ | 61,100,004.50 | ||
|
2023-2 |
$ | 61,363,155.66 | ||
|
2023-3 |
$ | 18,377,110.52 | ||
|
2023-4 |
$ | 49,232,630.81 | ||
|
2021-A |
$ | 290,144,849.76 | ||
|
2021-B |
$ | 176,394,620.05 | ||
|
Transferor's Allocation |
$ | 89,070,625.52 | ||
|
Total |
$ | 1,162,328,470.93 | ||
Page 10 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
|
Transferor's Allocation (before fees) |
$ | 89,070,625.52 | ||||
|
- Transferor's Allocation portion of Master Collateral Agent Fee |
$ | 127.72 | ||||
|
- Transferor's Allocation portion of Owner Trustee Fee |
$ | 0.00 | ||||
|
- Transferor's Allocation portion of Asset Representations Reviewer Fee |
$ | 0.00 | ||||
|
Transferor's Allocation (after fees) |
$ | 89,070,497.80 |
X. Write Offs and Delinquent Receivables
|
Number of Receivables |
Principal Balance Written Off |
% of Beginning of Period Pool Balance |
||||||||||
|
Receivables Written Off in Current Collection Period |
96,532 | $ | 50,701,833.34 | 0.22 | % | |||||||
|
Number of Receivables |
Delinquent Principal Balances |
% of End of Period Pool Balance |
||||||||||
| Delinquent Receivables: | ||||||||||||
|
1 - 30 Days Delinquent |
3,693,193 | $ | 2,011,914,292.40 | 8.59 | % | |||||||
|
31 - 60 Days Delinquent |
337,383 | $ | 176,834,128.74 | 0.75 | % | |||||||
|
61 - 90 Days Delinquent |
128,537 | $ | 67,503,998.61 | 0.29 | % | |||||||
|
91 - 120 Days Delinquent |
101,758 | $ | 54,067,230.64 | 0.23 | % | |||||||
|
Over 120 Days Delinquent |
67,536 | $ | 37,574,563.00 | 0.16 | % | |||||||
|
Total Delinquent Receivables at the End of Period |
4,328,407 | $ | 2,347,894,213.39 | 10.02 | % | |||||||
|
Ratio of aggregate Principal Balance of Written-Off Receivables to the beginning of Collection Period Pool Balance |
||||||||||||
|
Second Preceding Collection Period |
0.17 | % | ||||||||||
|
Proceeding Collection Period |
0.19 | % | ||||||||||
|
Current Collection Period |
0.22 | % | ||||||||||
|
Sum of the three above multiplied by four |
2.34 | % | ||||||||||
|
Ratio of aggregate Principal Balance of Receivables 91+ days delinquent to the end of Collection Period Pool Balance |
||||||||||||
|
Second Preceding Collection Period |
0.33 | % | ||||||||||
|
Proceeding Collection Period |
0.36 | % | ||||||||||
|
Current Collection Period |
0.39 | % | ||||||||||
|
Three Month Average |
0.36 | % | ||||||||||
|
Assets Representation Review |
||||||||||||
|
Aggregate Principal Balance of 60-Day Delinquent Receivables as a Percentage of the Aggregate Balance of Receivables as of the end of the Collection Period |
0.69 | % | ||||||||||
|
Delinquency Trigger |
5.00 | % |
Page 11 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
XI. Pool characteristics as of end of Collection Period
| Prior to Purchase | With Purchase | ||||||||||
|
Number of Receivables |
42,718,185 | 44,384,192 | |||||||||
|
Pool Balance |
$ | 22,111,309,038.65 | $ | 23,427,480,128.08 | |||||||
|
Average Monthly Payment |
$ | 24.13 | $ | 24.06 | |||||||
|
Average Principal Balance |
$ | 517.61 | $ | 527.83 | |||||||
|
Weighted Average Remaining Term (in months) |
25.1 | 25.6 | |||||||||
|
Customer Tenure |
|||||||||||
| 0-12 Months | 15.14 | % | 15.31 | % | |||||||
| 7-24 Months | 6.21 | % | 6.19 | % | |||||||
| 60+ Months | 63.59 | % | 63.51 | % | |||||||
|
Geographic Concentration |
|||||||||||
| Largest state | CA / 9.88 | % | CA / 9.83 | % | |||||||
| 2nd Largest State | FL / 6.21 | % | FL / 6.20 | % | |||||||
| 3rd Largest State | TX / 6.00 | % | TX / 6.00 | % | |||||||
|
Weighted Average FICO |
723 | 723 |
XII. Upgrades
| Current Period | To Date | |||||||
|
Number of Receivables Upgraded |
10,479 | 240,833 | ||||||
|
Principal Balance of Receivables Upgraded |
$ | 4,090,712.75 | $ | 115,725,062.47 | ||||
|
Upgrade payments |
$ | 1,230,104.07 | $ | 31,082,381.41 | ||||
|
Failure by Marketing Agent to Make Upgrade Payments |
No | No |
Page 12 of 13
Verizon Master Trust - VZMT
Monthly Investor Report
|
Group Name |
One |
On and as of the Payment Date to which this Monthly Investor Report related, the Servicer hereby certifies that the information in the Monthly Investor Report is accurate in all material respects.
| Cellco Partnership, as Servicer | ||
| Date: September 15, 2023 | ||
| By: |
/s/ Kee Chan Sin |
|
| Name: Kee Chan Sin | ||
| Title: Vice President and Assistant Treasurer |
| 1 |
As of the date of this Monthly Investor Report for purposes of any references to the term "delinquent" contained herein, the Servicer considers an account to be delinquent if there are unpaid charges remaining on the account on the day after the bill's due date and calculates delinquency assuming a due date is 22 or 30 days after the end of the monthly bill cycle for consumer customers and business customers, respectively. |
Page 13 of 13
Verizon Master Trust published this content on September 29, 2023, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 29, 2023 at 14:45 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]