EX-99.1 2 v369701_ex99-1.htm EX-99.1

 

Hyundai Auto Receivables Trust 2010-A
Monthly Servicing Report

 

Collection Period January 2014
Distribution Date 02/18/14
Transaction Month 45
30/360 Days 30
Actual/360 Days 34

 

I. ORIGINAL DEAL PARAMETERS

 

Cut off Date:     April 16, 2010                     
Closing Date:      May 13, 2010                     
                             
      Dollars   Units   WAC   WARM     
Original Pool Balance:    $1,097,444,291.72    63,151    5.14%   59.59     
Original Adj. Pool Balance:     $1,071,191,812.19                     
                             
      Dollar Amount   % of Pool    Note Rate         Final Payment Date 
Class A-1 Notes  Fixed  $219,000,000.00    19.955%   0.39821%      May 16, 2011 
Class A-2 Notes  Fixed  $238,000,000.00    21.687%   0.86000%        November 15, 2012 
Class A-3 Notes  Fixed  $317,000,000.00    28.885%   1.50000%        October 15, 2014 
Class A-4 Notes  Fixed  $186,850,000.00    17.026%   2.45000%        December 15, 2016 
Total Securities     $960,850,000.00    87.553%               
                             
Overcollateralization     $110,341,812.19    10.054%               
YSOA     $26,252,479.53    2.392%               
Total Original Pool Balance     $1,097,444,291.72    100.00%               
                             
                 
II. POOL BALANCE AND PORTFOLIO INFORMATION     
                 
       Beginning of Period   Ending of Period   Change 
       Balance   Pool Factor   Balance   Pool Factor     
Class A-1 Notes      $-    -   $-    -   $- 
Class A-2 Notes      $-    -   $-    -   $- 
Class A-3 Notes      $-    -   $-    -   $- 
Class A-4 Notes      $115,551,731.06    0.6184198   $106,908,109.71    0.5721601   $8,643,621.35 
Total Securities  $115,551,731.06    0.1202599   $106,908,109.71    0.1112641   $8,643,621.35 
                          
Weighted Avg. Coupon (WAC)   5.44%        5.48%          
Weighted Avg. Remaining Maturity (WARM)   20.81         20.02           
Pool Receivables Balance  $135,411,211.87        $124,749,969.86           
Remaining Number of Receivables   24,300         23,487           
                          
Adjusted Pool Balance  $133,570,632.73        $123,093,515.94           
                          

 

III. COLLECTIONS

 

Principal:     
Principal Collections  $10,402,813.45 
Repurchased Contract Proceeds Related to Principal  $- 
Recoveries/Liquidation Proceeds  $165,798.37 
Total Principal Collections  $10,568,611.82 
      
Interest:     
Interest Collections  $644,324.27 
Late Fees & Other Charges  $33,294.19 
Interest on Repurchase Principal  $- 
Total Interest Collections  $677,618.46 
      
Collection Account Interest  $192.25 
Reserve Account Interest  $104.24 
Servicer Advances  $- 
      
Total Collections  $11,246,526.77 

 

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Hyundai Auto Receivables Trust 2010-A
Monthly Servicing Report

 

Collection Period January 2014
Distribution Date 02/18/14
Transaction Month 45
30/360 Days 30
Actual/360 Days 34

 

IV. DISTRIBUTIONS

 

Total Collections                $11,246,526.77 
Reserve Account Release                    $- 
Reserve Account Draw                    $- 
Total Available for Distribution                    $11,246,526.77 
                        
         Amount Due  Interest Pymt
Due but unpaid
from prior
periods		   Amount Paid      
1. Servicing Fee @1.00%:                       
Servicing Fee Due   1.00%  $112,842.68      $112,842.68   $112,842.68 
Collection Account Interest                    $192.25 
Late Fees & Other Charges                    $33,294.19 
Total due to Servicer                    $146,329.12 
                        
2. Class A Noteholders Interest:                       
Class A-1 Notes       $-      $-      
Class A-2 Notes       $-      $-      
Class A-3 Notes       $-      $-      
Class A-4 Notes       $235,918.12      $235,918.12      
                        
Total interest:       $235,918.12      $235,918.12   $235,918.12 
                        
Available Funds Remaining:                    $10,864,279.53 
                        
3. Principal Distribution Amount:                    $8,643,621.35 
                        
         Distributable Amount       Paid Amount      
Class A-1 Notes               $-      
Class A-2 Notes               $-      
Class A-3 Notes               $-      
Class A-4 Notes               $8,643,621.35      
Class A Notes Total:        8,643,621.35      $8,643,621.35      
Total Noteholders Principal               $8,643,621.35      
                        
4. Available Amounts Remaining to reserve account                 2,220,658.18 
                        
5. Trustee Expenses                     0.00 
                        
6. Remaining Available Collections Released to Certificateholder            2,220,658.18 
                        

 

V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)

 

Beginning Period Required Amount  $1,840,579.14 
Beginning Period Amount  $1,840,579.14 
Current Period Amortization  $184,125.22 
Ending Period Required Amount  $1,656,453.92 
Ending Period Amount  $1,656,453.92 
Next Distribution Date Required Amount  $1,484,538.60 

 

VI. RESERVE ACCOUNT

 

Reserve Percentage of Initial Adjusted Pool Balance   0.50%
Beginning Period Required Amount  $5,355,959.06 
Beginning Period Amount  $5,355,959.06 
Current Period Release to Collection Account  $- 
Current Period Deposit  $- 
Current Period Release to Depositor  $- 
Ending Period Required Amount (0.5% of APB of cut-off date)  $5,355,959.06 
Ending Period Amount  $5,355,959.06 
      

 

VII. OVERCOLLATERALIZATION

 

Overcollateralization Target   17.50%              
Overcollateralization Floor   1.25%                 
            Beginning     Ending      Target  
Overcollateralization Amount          $18,018,901.67   $16,185,406.23   $16,185,406.23 
Overcollateralization as a % of Adjusted Pool           13.49%   13.15%   13.15%
                        

 

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Hyundai Auto Receivables Trust 2010-A
Monthly Servicing Report

 

Collection Period January 2014
Distribution Date 02/18/14
Transaction Month 45
30/360 Days 30
Actual/360 Days 34

 

VIII. DELINQUENCY AND NET LOSS ACTIVITY

 

   Units Percent   Units   Dollars Percent   Dollar Amount 
Current   97.58%   22,919    96.51%  $120,401,320.55 
30 - 60 Days   1.84%   432    2.67%  $3,330,310.91 
61 - 90 Days   0.46%   107    0.66%  $828,415.38 
91 + Days   0.12%   29    0.15%  $189,923.02 
         23,487        $124,749,969.86 
Total                    
Delinquent Receivables 61 + days past due   0.58%   136    0.82%  $1,018,338.40 
Delinquency Ratio 61+ for 1st Preceding Collection Period   0.62%   150    0.87%  $1,172,296.52 
Delinquency Ratio 61+ for 2nd Preceding Collection Period   0.51%   128    0.66%  $957,739.88 
Three-Month Average Delinquency Ratio   0.57%        0.78%     
                     
Repossession in Current Period        31        $301,002.16 
Repossession Inventory        38        $177,193.59 
                     
Charge-Offs                    
Gross Principal of Charge-Off for Current Period                 $258,428.56 
Recoveries                 $(165,798.37)
Net Charge-offs for Current Period                 $92,630.19 
                     
Beginning Pool Balance for Current Period                 $135,411,211.87 
                     
Net Loss Ratio                  0.82%
Net Loss Ratio for 1st Preceding Collection Period                  -0.46%
Net Loss Ratio for 2nd Preceding Collection Period                  1.02%
Three-Month Average Net Loss Ratio for Current Period                  0.46%
                     
Cumulative Net Losses for All Periods                 $11,166,740.55 
Cumulative Net Losses as a % of Initial Pool Balance                  1.02%
                     
Principal Balance of Extensions                 $548,463.18 
Number of Extensions                  67 

 

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