World Omni Select Auto Trust 2021-A

10/29/2025 | Press release | Distributed by Public on 10/29/2025 06:07

Asset-Backed Issuer Distribution Report (Form 10-D)

World Omni Select Auto Trust 2021-A
Monthly Servicer Certificate
September 30, 2025
Dates Covered
Collections Period 09/01/25 - 09/30/25
Interest Accrual Period 09/15/25 - 10/14/25
30/360 Days 30
Actual/360 Days 30
Distribution Date 10/15/25
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 08/31/25 110,259,692.36 11,213
Principal Payments 7,286,618.43 283
Defaulted Receivables 532,280.10 42
Repurchased Accounts 0.00 0
Pool Balance at 09/30/25 102,440,793.83 10,888
Pool Statistics $ Amount # of Accounts
Pool Factor 9.65 %
Prepayment ABS Speed 1.09 %
Aggregate Starting Principal Balance 1,061,120,455.52 39,395
Delinquent Receivables:
Past Due 31-60 days 11,372,973.75 937
Past Due 61-90 days 3,485,120.46 264
Past Due 91-120 days 456,055.68 37
Past Due 121+ days 0.00 0
Total 15,314,149.89 1,238
Total 31+ Delinquent as % Ending Pool Balance 14.95 %
Total 61+ Delinquent as % Ending Pool Balance 3.85 %
Delinquency Trigger Occurred NO
Recoveries 625,971.92
Aggregate Net Losses/(Gains) - September 2025 (93,691.82 )
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio -1.02 %
Prior Net Losses/(Gains) Ratio -0.03 %
Second Prior Net Losses/(Gains) Ratio 0.70 %
Third Prior Net Losses/(Gains) Ratio 0.05 %
Four Month Average -0.08 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 1.91 %
Overcollateralization Target Amount 21,222,409.11
Actual Overcollateralization 102,440,793.83
Weighted Average Contract Rate 8.15 %
Weighted Average Remaining Term 20.75
Flow of Funds $ Amount
Collections 8,674,571.12
Investment Earnings on Cash Accounts 22,034.26
Reserve Fund Balance 5,305,602.28
Servicing Fee (114,853.85 )
Aggregate Purchase Amount 102,973,073.93
Transfer to Collection Account -
Available Funds 116,860,427.74
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest -
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest -
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 18,227.78
(7) Noteholders' Third Priority Principal Distributable Amount -
(8) Class D Interest 57,300.00
(9) Noteholders' Fourth Priority Principal Distributable Amount -
(10) Class E Interest -
(11) Noteholders' Fifth Priority Principal Distributable Amount -
(12) Required Reserve Account -
(13) Noteholders' Principal Distributable Amount 89,037,283.25
(14) Asset Representation Reviewer Amounts (in excess of 1) -
(15) Distribution to Certificateholders 27,747,616.71
Total Distributions of Available Funds 116,860,427.74
Servicing Fee 114,853.85
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 817,050,000.00
Original Class B 61,020,000.00
Original Class C 61,020,000.00
Original Class D 47,750,000.00
Original Class E 21,220,000.00
Total Class A, B, C, D & E
Note Balance @ 09/15/25 89,037,283.25
Principal Paid 89,037,283.25
Note Balance @ 10/15/25 0.00
Class A-1
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class A-2
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class A-3
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class B
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class C
Note Balance @ 09/15/25 20,067,283.25
Principal Paid 20,067,283.25
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class D
Note Balance @ 09/15/25 47,750,000.00
Principal Paid 47,750,000.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class E
Note Balance @ 09/15/25 21,220,000.00
Principal Paid 21,220,000.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 75,527.78
Total Principal Paid 89,037,283.25
Total Paid 89,112,811.03
Class A-1
Coupon 0.09567 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2
Coupon 0.29000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2 Holders 0.00
Class A-3
Coupon 0.53000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-3 Holders 0.00
Class B
Coupon 0.85000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to B Holders 0.00
Class C
Coupon 1.09000 %
Interest Paid 18,227.78
Principal Paid 20,067,283.25
Total Paid to C Holders 20,085,511.03
Class D
Coupon 1.44000 %
Interest Paid 57,300.00
Principal Paid 47,750,000.00
Total Paid to D Holders 47,807,300.00
Class E
Coupon 0.00000 %
Interest Paid 0.00
Principal Paid 21,220,000.00
Total Paid to E Holders 21,220,000.00
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 0.0749239
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 88.3253807
Total Distribution Amount 88.4003046
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
B Interest Distribution Amount 0.0000000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 0.0000000
C Interest Distribution Amount 0.2987181
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 328.8640323
Total C Distribution Amount 329.1627504
D Interest Distribution Amount 1.2000000
D Interest Carryover Shortfall 0.0000000
D Principal Distribution Amount 1,000.0000000
Total D Distribution Amount 1,001.2000000
E Interest Distribution Amount 0.0000000
E Interest Carryover Shortfall 0.0000000
E Principal Distribution Amount 1,000.0000000
Total E Distribution Amount 1,000.0000000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 0.00
Noteholders' Fourth Priority Principal Distributable Amount 0.00
Noteholders' Fifth Priority Principal Distributable Amount 0.00
Noteholders' Principal Distributable Amount 1,000.00
Account Balances $ Amount
Reserve Account
Balance as of 09/15/25 5,305,602.28
Investment Earnings 18,126.96
Investment Earnings Paid (18,126.96 )
Deposit/(Withdrawal) (5,305,602.28 )
Balance as of 10/15/25 0.00
Change (5,305,602.28 )
Required Reserve Amount 0.00
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 1,714,724.18 $ 1,599,777.26 $ 2,238,447.56
Number of Extensions 155 150 184
Ratio of extensions to Beginning of Period Receivables Balance 1.56 % 1.36 % 1.78 %
Credit Risk Retention Information
World Omni Financial Corp. ("World Omni"), as "originator" for the purposes of the EU Securitization Rules (as defined in the Sale and Servicing Agreement), continues to retain, a material net economic interest (the "EU Retained Interest"), in the form of retention of a first loss tranche as described in option (d) of Article 6(3) of the EU Securitization Regulation, by holding all the limited liability company interests in World Omni Auto Receivables LLC ("WOAR"), which in turn retains the Certificates (as defined in the Sale and Servicing Agreement) issued by World Omni Select Auto Trust 2021-A, such Certificates representing at least 5% of the aggregate nominal value of the Receivables (as defined in the Sale and Servicing Agreement) in the pool.
World Omni has not (and has not permitted WOAR or any of its other affiliates to subject the EU Retained Interest to any hedge or otherwise mitigate its credit risk under or associated with the EU Retained Interest, or sell, transfer or otherwise surrender all or part of the rights, benefits or obligations arising from the EU Retained Interest) subject the EU Retained Interest to any credit risk mitigation or hedging, or sell, transfer or otherwise surrender all or part of the rights, benefits or obligations arising from the EU Retained Interest, except, in each case to the extent permitted in accordance with the EU Securitization Rules. Further, World Omni has not changed the retention option or method of calculating the EU Retained Interest.
World Omni Select Auto Trust 2021-A published this content on October 29, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 29, 2025 at 12:08 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]