Tue, Mar 25, 7:53 PM (35 days ago)
**Toyota Auto Receivables 2021-C Owner Trust (Ticker: Not Applicable)** **Financial Performance:** - The filing does not provide specific financial figures for revenue, net income, or operating expenses. **Strategic Overview:** - The trust focuses on auto receivables, with no single obligor representing 10% or more of the asset pool. - There is no external credit enhancement or derivative instruments supporting the pool assets or payments on the notes or certificate issued by the trust. **Future Outlook:** - The trust's future outlook is not explicitly detailed in the provided document. **Risk Factors:** - Legal proceedings involving U.S. Bank Trust Company, National Association, as the indenture trustee, pose potential risks. These include lawsuits related to residential mortgage-backed securities (RMBS) and student loans. - The trustee denies liability and asserts it has performed its obligations in good faith, but the outcomes of these litigations are uncertain. **Financial Condition:** - The trust's financial condition is not explicitly detailed in the provided document. **Market Position Changes:** - The trust has no voting or non-voting common equity outstanding held by non-affiliates. **Key Points:** - The trust operates under the sponsorship of Toyota Motor Credit Corporation. - The trustee, U.S. Bank Trust Company, National Association, has faced legal challenges but maintains it has acted in good faith. - The trust's asset pool is diversified, with no single obligor representing a significant portion. - The trust has no external credit enhancement or derivative instruments supporting its assets or payments.