World Omni Auto Receivables Trust 2021-C

12/27/2024 | Press release | Distributed by Public on 12/27/2024 06:01

Asset Backed Issuer Distribution Report (Form 10 D)

World Omni Auto Receivables Trust 2021-C

Monthly Servicer Certificate

November 30, 2024

Dates Covered
Collections Period 11/01/24 - 11/30/24
Interest Accrual Period 11/15/24 - 12/15/24
30/360 Days 30
Actual/360 Days 31
Distribution Date 12/16/24
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 10/31/24 220,286,556.31 19,722
Yield Supplement Overcollateralization Amount 10/31/24 2,268,368.06 0
Receivables Balance 10/31/24 222,554,924.37 19,722
Principal Payments 12,471,192.17 420
Defaulted Receivables 179,675.93 11
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 11/30/24 2,045,170.21 0
Pool Balance at 11/30/24 207,858,886.06 19,291
Pool Statistics $ Amount # of Accounts
Pool Factor 17.45 %
Prepayment ABS Speed 1.09 %
Aggregate Starting Principal Balance 1,202,898,752.29 49,569
Delinquent Receivables:
Past Due 31-60 days 4,931,669.29 294
Past Due 61-90 days 1,521,962.39 89
Past Due 91-120 days 269,912.42 17
Past Due 121+ days 0.00 0
Total 6,723,544.10 400
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.20 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.85 %
Delinquency Trigger Occurred NO
Recoveries 82,574.30
Aggregate Net Losses/(Gains) - November 2024 97,101.63
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.52 %
Prior Net Losses/(Gains) Ratio 0.09 %
Second Prior Net Losses/(Gains) Ratio -0.10 %
Third Prior Net Losses Ratio/(Gains) 0.07 %
Four Month Average 0.15 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.46 %
Overcollateralization Target Amount 5,849,148.06
Actual Overcollateralization 5,849,148.06
Weighted Average Contract Rate 4.13 %
Weighted Average Contract Rate, Yield Adjusted 5.20 %
Weighted Average Remaining Term 26.68
Flow of Funds $ Amount
Collections 13,314,066.20
Investment Earnings on Cash Accounts 14,534.19
Servicing Fee (185,462.44 )
Transfer to Collection Account -
Available Funds 13,143,137.95
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 76,030.72
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 24,563.00
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 15,502.50
(7) Noteholders' Third Priority Principal Distributable Amount 6,578,522.19
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,849,148.06
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 599,371.48
Total Distributions of Available Funds 13,143,137.95
Servicing Fee 185,462.44
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 1,114,250,000.00
Original Class B 35,090,000.00
Original Class C 17,550,000.00
Total Class A, B, & C
Note Balance @ 11/15/24 214,437,408.25
Principal Paid 12,427,670.25
Note Balance @ 12/16/24 202,009,738.00
Class A-1
Note Balance @ 11/15/24 0.00
Principal Paid 0.00
Note Balance @ 12/16/24 0.00
Note Factor @ 12/16/24 0.0000000 %
Class A-2
Note Balance @ 11/15/24 0.00
Principal Paid 0.00
Note Balance @ 12/16/24 0.00
Note Factor @ 12/16/24 0.0000000 %
Class A-3
Note Balance @ 11/15/24 61,567,408.25
Principal Paid 12,427,670.25
Note Balance @ 12/16/24 49,139,738.00
Note Factor @ 12/16/24 12.7632368 %
Class A-4
Note Balance @ 11/15/24 100,230,000.00
Principal Paid 0.00
Note Balance @ 12/16/24 100,230,000.00
Note Factor @ 12/16/24 100.0000000 %
Class B
Note Balance @ 11/15/24 35,090,000.00
Principal Paid 0.00
Note Balance @ 12/16/24 35,090,000.00
Note Factor @ 12/16/24 100.0000000 %
Class C
Note Balance @ 11/15/24 17,550,000.00
Principal Paid 0.00
Note Balance @ 12/16/24 17,550,000.00
Note Factor @ 12/16/24 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 116,096.22
Total Principal Paid 12,427,670.25
Total Paid 12,543,766.47
Class A-1
Coupon 0.11273 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2
Coupon 0.22000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2 Holders 0.00
Class A-3
Coupon 0.44000 %
Interest Paid 22,574.72
Principal Paid 12,427,670.25
Total Paid to A-3 Holders 12,450,244.97
Class A-4
Coupon 0.64000 %
Interest Paid 53,456.00
Principal Paid 0.00
Total Paid to A-4 Holders 53,456.00
Class B
Coupon 0.84000 %
Interest Paid 24,563.00
Principal Paid 0.00
Total Paid to B Holders 24,563.00
Class C
Coupon 1.06000 %
Interest Paid 15,502.50
Principal Paid 0.00
Total Paid to C Holders 15,502.50
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 0.0994920
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 10.6502500
Total Distribution Amount 10.7497420
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 0.0586341
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 32.2788246
Total A-3 Distribution Amount 32.3374587
A-4 Interest Distribution Amount 0.5333333
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 0.5333333
B Interest Distribution Amount 0.7000000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 0.7000000
C Interest Distribution Amount 0.8833333
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 0.8833333
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 529.34
Noteholders' Principal Distributable Amount 470.66
Account Balances $ Amount
Reserve Account
Balance as of 11/15/24 2,924,574.03
Investment Earnings 10,996.13
Investment Earnings Paid (10,996.13 )
Deposit/(Withdrawal) -
Balance as of 12/16/24 2,924,574.03
Change -
Required Reserve Amount 2,924,574.03
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 2,045,343.39 $ 3,762,074.93 $ 1,670,409.41
Number of Extensions 125 229 96
Ratio of extensions to Beginning of Period Receivables Balance 0.92 % 1.59 % 0.67 %
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