EX-99.1 2 tv525444_ex99-1.htm MONTHLY SERVICER'S REPORT

 

Exhibit 99.1

 

Hyundai Auto Receivables Trust 2018-B
Monthly Servicing Report

 

Collection Period June 2019
Distribution Date 07/15/19
Transaction Month 7
30/360 Days 30
Actual/360 Days 28

 

I. ORIGINAL DEAL PARAMETERS

 

Cut off Date: November 2, 2018  
Closing Date: December 12, 2018  

 

       Dollars   Units   WAC   WARM    
Original Pool Balance:      $773,633,388.30    44,148    3.12%   51.89    
Original Adj. Pool Balance:      $718,742,913.50                   
                            
       Amount   % of Pool    Note Rate       Final Payment Date
Class A-1 Notes  Fixed   $168,000,000.00    21.716%   2.79518%       December 16, 2019
Class A-2 Notes  Fixed   $219,000,000.00    28.308%   3.04000%       June 15, 2021
Class A-3 Notes  Fixed   $219,000,000.00    28.308%   3.20000%       December 15, 2022
Class A-4 Notes  Fixed   $60,270,000.00    7.791%   3.29000%       January 15, 2025
Class B Notes  Fixed   $12,940,000.00    1.673%   3.46000%       January 15, 2025
Class C Notes  Fixed   $21,560,000.00    2.787%   3.66000%       August 15, 2025
Total Securities      $700,770,000.00    90.582%             
                            
Overcollateralization      $17,972,913.50    2.323%             
YSOA      $54,890,474.80    7.095%             
Total Original Pool Balance      $773,633,388.30    100.00%             

 

 

 

II. POOL BALANCE AND PORTFOLIO INFORMATION

 

   Beginning of Period   Ending of Period   Change 
   Balance   Note Factor   Balance   Note Factor     
Class A-1 Notes  $20,144,792.36    0.1199095   $-    -   $20,144,792.36 
Class A-2 Notes  $219,000,000.00    1.0000000   $218,855,655.67    0.9993409   $144,344.33 
Class A-3 Notes  $219,000,000.00    1.0000000   $219,000,000.00    1.0000000   $- 
Class A-4 Notes  $60,270,000.00    1.0000000   $60,270,000.00    1.0000000   $- 
Class B Notes  $12,940,000.00    1.0000000   $12,940,000.00    1.0000000   $- 
Class C Notes  $21,560,000.00    1.0000000   $21,560,000.00    1.0000000   $- 
Total Securities  $552,914,792.36    0.7890104   $532,625,655.67    0.7600577   $20,289,136.70 
                          
Weighted Avg. Coupon (WAC)   3.05%        3.04%          
Weighted Avg. Remaining Maturity (WARM)   45.81         44.97           
Pool Receivables Balance  $616,224,637.31        $594,191,160.92           
Remaining Number of Receivables   40,609         40,001           
                          
Adjusted Pool Balance  $574,477,079.77        $554,187,943.07           

 

 

 

III. COLLECTIONS

 

Principal:    
Principal Collections  $21,628,597.12 
Repurchased Contract Proceeds Related to Principal  $- 
Recoveries/Liquidation Proceeds  $161,278.68 
Total Principal Collections  $21,789,875.80 
      
Interest:     
Interest Collections  $1,557,637.35 
Late Fees & Other Charges  $41,989.69 
Interest on Repurchase Principal  $- 
Total Interest Collections  $1,599,627.04 
      
Collection Account Interest  $36,882.70 
Reserve Account Interest  $2,846.98 
Servicer Advances  $- 
      
Total Collections  $23,429,232.52 

 

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Hyundai Auto Receivables Trust 2018-B
Monthly Servicing Report

 

Collection Period June 2019
Distribution Date 07/15/19
Transaction Month 7
30/360 Days 30
Actual/360 Days 28

 

IV. DISTRIBUTIONS

 

Total Collections  $23,429,232.52 
Reserve Account Release  $- 
Reserve Account Draw  $- 
Total Available for Distribution  $23,429,232.52 

 

       Amount Due   Interest Pymt Due
but unpaid from
prior periods		   Amount Paid     
1. Servicing Fee @1.00%:                    
Servicing Fee Due   1.00%  $513,520.53   $-   $513,520.53    513,520.53 
Collection Account Interest                      $36,882.70 
Late Fees & Other Charges                      $41,989.69 
Total due to Servicer                      $592,392.92 
                          
2. Class A Noteholders Interest:                         
Class A-1 Notes       $43,795.36        $43,795.36      
Class A-2 Notes       $554,800.00        $554,800.00      
Class A-3 Notes       $584,000.00        $584,000.00      
Class A-4 Notes       $165,240.25        $165,240.25      
                          
Total Class A interest:       $1,347,835.61        $1,347,835.61    1,347,835.61 
                          
3. First Priority Principal Distribution:   $-        $-    0.00 
                          
4. Class B Noteholders Interest:  $37,310.33        $37,310.33    37,310.33 
                          
5. Second Priority Principal Distribution:  $-        $-    0.00 
                          
6. Class C Noteholders Interest:  $65,758.00        $65,758.00    65,758.00 
                          
Available Funds Remaining:                      $21,385,935.66 
                          
7. Regular Principal Distribution Amount:            20,289,136.70 
                          
        Distributable Amount        Paid Amount      
Class A-1 Notes                 $20,144,792.36      
Class A-2 Notes                 $144,344.33      
Class A-3 Notes                 $-      
Class A-4 Notes                 $-      
Class A Notes Total:       $20,289,136.70        $20,289,136.70      
Class B Notes Total:       $-        $-      
Class C Notes Total:       $-        $-      
Total Noteholders Principal       $20,289,136.70        $20,289,136.70      
                          
8. Required Deposit to Reserve Account        0.00 
                          
9. Trustee Expenses and Asset Representations Reviewer Expenses        0.00 
                          
10. Remaining Available Collections Released to Certificateholder        1,096,798.96 

 

 

 

V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)

 

Beginning Period Required Amount  $41,747,557.54 
Beginning Period Amount  $41,747,557.54 
Current Period Amortization  $1,744,339.69 
Ending Period Required Amount  $40,003,217.85 
Ending Period Amount  $40,003,217.85 
Next Distribution Date Required Amount  $38,297,120.61 

 

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Hyundai Auto Receivables Trust 2018-B
Monthly Servicing Report

 

Collection Period June 2019
Distribution Date 07/15/19
Transaction Month 7
30/360 Days 30
Actual/360 Days 28

 

VI. RESERVE ACCOUNT

 

Reserve Percentage of Initial Adjusted Pool Balance   0.25%
Beginning Period Required Amount  $1,796,857.28 
Beginning Period Amount  $1,796,857.28 
Current Period Release to Collection Account  $- 
Current Period Deposit  $- 
Current Period Release to Depositor  $- 
Ending Period Required Amount (0.25% of APB of cut-off date)  $1,796,857.28 
Ending Period Amount  $1,796,857.28 

 

 

 

VII. OVERCOLLATERALIZATION

 

Overcollateralization Target 3.00%
Overcollateralization Floor 3.00%

 

   Beginning   Ending   Target 
Overcollateralization Amount  $

21,562,287.41

   $

21,562,287.41

   $

21,562,287.41

 
Overcollateralization as a % of Original Adjusted Pool   3.00%   3.00%   3.00%
Overcollateralization as a % of Current Adjusted Pool   3.75%   3.89%   3.89%

 

 

 

VIII. DELINQUENCY AND NET LOSS ACTIVITY

 

Delinquent Receivables  Units Percent   Units   Dollars Percent   Amount 
Current   99.02%   39,609    98.97%  $588,100,162.98 
30 - 60 Days   0.79%   318    0.84%  $4,975,158.43 
61 - 90 Days   0.15%   59    0.15%  $914,682.62 
91-120 Days   0.04%   15    0.03%  $201,156.89 
121 + Days   0.00%   0    0.00%  $- 
Total        40,001        $594,191,160.92 
                     
Delinquent Receivables 30+ Days Past Due                    
Current Period   0.98%   392    1.03%  $6,090,997.94 
1st Preceding Collection Period   0.93%   376    0.93%  $5,760,134.22 
2nd Preceding Collection Period   0.83%   342    0.85%  $5,443,331.20 
3rd Preceding Collection Period   0.75%   315    0.79%  $5,201,000.38 
Four-Month Average   0.87%        0.90%     
                     
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance     0.19%     
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)     No      
                     
Repossession in Current Period        23        $353,718.46 
Repossession Inventory        31        $242,217.37 
                     
Current Charge-Offs                    
Gross Principal of Charge-Offs                 $404,879.27 
Recoveries                 $(161,278.68)
Net Loss                 $243,600.59 
                     
Ratio of Current Net Loss to Beginning Pool Balance (annualized)       0.47%
                     
Average Pool Balance for Current Period             $605,207,899.11 
                     
Ratio of Current Net Loss to Average Pool Balance (annualized)         
Current Period                  0.48%
1st Preceding Collection Period                  0.42%
2nd Preceding Collection Period                  0.77%
3rd Preceding Collection Period                  0.58%
Four-Month Average                  0.57%
                     
Cumulative Charge-Offs      Change in units from
prior period		   Cumulative Units   Cumulative Amount 
Gross Principal of Charge-Offs        31    221   $3,217,157.32 
Recoveries        18    155   $(1,429,474.07)
Net Loss                 $1,787,683.25 
Cumulative Net Loss as a % of Initial Pool Balance                  0.23%
                     
Net Loss for Receivables that have experienced a Net Loss *        29    190   $1,793,547.57 
Average Net Loss for Receivables that have experienced a Net Loss             $9,439.72 
                     
Principal Balance of Extensions                 $1,604,923.74 
Number of Extensions                  98 

 

* Excludes receivables with recovered amounts equal to or in excess of principal charge-offs due to the recovery of assessments, such as interest and fees.

 

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Hyundai Auto Receivables Trust 2018-B
Monthly Servicing Report

 

Collection Period June 2019
Distribution Date 07/15/19
Transaction Month 7
30/360 Days 30
Actual/360 Days 28

 

IX. CREDIT RISK RETENTION INFORMATION

 

There were no material changes in the retained interest in the transaction.

 

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