EX-99.1 2 tm2523919d31_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

World Omni Auto Receivables Trust 2023-D      
Monthly Servicer Certificate      
July 31, 2025      

 

Dates Covered            
Collections Period   07/01/25 - 07/31/25           
Interest Accrual Period   07/15/25 - 08/14/25           
30/360 Days   30           
Actual/360 Days   31           
Distribution Date   08/15/25           
                
Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 06/30/25   450,739,148.87    23,934      
Yield Supplement Overcollateralization Amount 06/30/25   38,494,332.32    0      
Receivables Balance 06/30/25   489,233,481.19    23,934      
Principal Payments   23,398,596.04    1,262      
Defaulted Receivables   859,810.01    38      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 07/31/25   35,965,991.36    0      
Pool Balance at 07/31/25   429,009,083.78    22,634      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   41.54%          
Prepayment ABS Speed   1.62%          
Aggregate Starting Principal Balance   1,119,368,245.46    42,446      
                
Delinquent Receivables:               
Past Due 31-60 days   8,636,047.99    361      
Past Due 61-90 days   2,631,412.01    98      
Past Due 91-120 days   413,415.42    14      
Past Due 121+ days   0.00    0      
 Total   11,680,875.42    473      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   2.51%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.65%          
Delinquency Trigger Occurred   NO           
                
Recoveries   719,894.77           
Aggregate Net Losses/(Gains) - July 2025   139,915.24           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.34%          
Prior Net Losses/(Gains) Ratio   0.50%          
Second Prior Net Losses/(Gains) Ratio   0.56%          
Third Prior Net Losses/(Gains) Ratio   0.46%          
Four Month Average   0.47%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.60%          
                
Overcollateralization Target Amount   5,009,268.48           
Actual Overcollateralization   5,009,268.48           
Weighted Average Contract Rate   6.33%          
Weighted Average Contract Rate, Yield Adjusted   11.21%          
Weighted Average Remaining Term   43.48           
                
Flow of Funds   $ Amount           
Collections   26,678,604.35           
Investment Earnings on Cash Accounts   18,168.85           
Servicing Fee   (407,694.57)          
Transfer to Collection Account   -           
Available Funds   26,289,078.63           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   1,930,213.81           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   153,556.50           
    (5)  Noteholders' Second Priority Principal Distributable Amount   1,526,564.88           
    (6)  Class C Interest   78,479.50           
    (7)  Noteholders' Third Priority Principal Distributable Amount   15,020,000.00           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   5,009,268.48           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   2,570,995.46           
                
Total Distributions of Available Funds   26,289,078.63           
                
Servicing Fee   407,694.57           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   954,260,000.00           
Original Class B   30,060,000.00           
Original Class C   15,020,000.00           
                
Total Class A, B, & C               
Note Balance @ 07/15/25   445,555,648.66           
Principal Paid   21,555,833.36           
Note Balance @ 08/15/25   423,999,815.30           
                
Class A-1               
Note Balance @ 07/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 08/15/25   0.00           
Note Factor @ 08/15/25   0.0000000%          
                
Class A-2a               
Note Balance @ 07/15/25   10,557,824.29           
Principal Paid   10,557,824.29           
Note Balance @ 08/15/25   0.00           
Note Factor @ 08/15/25   0.0000000%          
                
Class A-2b               
Note Balance @ 07/15/25   10,557,824.37           
Principal Paid   10,557,824.37           
Note Balance @ 08/15/25   0.00           
Note Factor @ 08/15/25   0.0000000%          
                
Class A-3               
Note Balance @ 07/15/25   317,800,000.00           
Principal Paid   440,184.70           
Note Balance @ 08/15/25   317,359,815.30           
Note Factor @ 08/15/25   99.8614900%          
                
Class A-4               
Note Balance @ 07/15/25   61,560,000.00           
Principal Paid   0.00           
Note Balance @ 08/15/25   61,560,000.00           
Note Factor @ 08/15/25   100.0000000%          
                
Class B               
Note Balance @ 07/15/25   30,060,000.00           
Principal Paid   0.00           
Note Balance @ 08/15/25   30,060,000.00           
Note Factor @ 08/15/25   100.0000000%          
                
Class C               
Note Balance @ 07/15/25   15,020,000.00           
Principal Paid   0.00           
Note Balance @ 08/15/25   15,020,000.00           
Note Factor @ 08/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   2,162,249.81           
Total Principal Paid   21,555,833.36           
Total Paid   23,718,083.17           
                
Class A-1               
Coupon   5.66800%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to A-1 Holders   0.00           
                
Class A-2a               
Coupon   5.91000%          
Interest Paid   51,997.28           
Principal Paid   10,557,824.29           
Total Paid to A-2a Holders   10,609,821.57           
                
Class A-2b               
SOFR Rate   4.33962%          
Coupon   4.91962%          
Interest Paid   44,726.53           
Principal Paid   10,557,824.37           
Total Paid to A-2b Holders   10,602,550.90           
                
Class A-3               
Coupon   5.79000%          
Interest Paid   1,533,385.00           
Principal Paid   440,184.70           
Total Paid to A-3 Holders   1,973,569.70           
                
Class A-4               
Coupon   5.85000%          
Interest Paid   300,105.00           
Principal Paid   0.00           
Total Paid to A-4 Holders   300,105.00           
                
Class B               
Coupon   6.13000%          
Interest Paid   153,556.50           
Principal Paid   0.00           
Total Paid to B Holders   153,556.50           
                
Class C               
Coupon   6.27000%          
Interest Paid   78,479.50           
Principal Paid   0.00           
Total Paid to C Holders   78,479.50           

 

 

 

 

Distribution per $1,000 of Notes   Total            
Total Interest Distribution Amount   2.1636778           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   21.5700696           
Total Distribution Amount   23.7337474           
                
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-2a  Interest Distribution Amount   0.2752635           
A-2a Interest Carryover Shortfall   0.0000000           
A-2a  Principal Distribution Amount   55.8910762           
Total A-2a  Distribution Amount   56.1663397           
                
A-2b  Interest Distribution Amount   0.2367736           
A-2b Interest Carryover Shortfall   0.0000000           
A-2b  Principal Distribution Amount   55.8910766           
Total A-2b  Distribution Amount   56.1278502           
                
A-3 Interest Distribution Amount   4.8250000           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   1.3850997           
Total A-3 Distribution Amount   6.2100997           
                
A-4 Interest Distribution Amount   4.8750000           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   4.8750000           
                
B Interest Distribution Amount   5.1083333           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   5.1083333           
                
C Interest Distribution Amount   5.2250000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   5.2250000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   70.82           
Noteholders' Third Priority Principal Distributable Amount   696.80           
Noteholders' Principal Distributable Amount   232.38           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 07/15/25   2,504,634.24           
Investment Earnings   9,045.43           
Investment Earnings Paid   (9,045.43)          
Deposit/(Withdrawal)   -           
Balance as of 08/15/25   2,504,634.24           
Change   -           
                
Required Reserve Amount   2,504,634.24           
                
Other Servicing Information   Current Month    Prior Month    Two Months Prior 
Principal Balance of Receivables extended during the Collection Period  $3,209,967.80    3,224,406.75    2,862,184.42 
Number of Extensions   112    109    99 
Ratio of extensions to Beginning of Period Receivables Balance   0.66%   0.63%   0.53%