Tue, Mar 25, 7:55 PM (32 days ago)
**Toyota Auto Receivables 2022-A Owner Trust (Ticker: Not Applicable)** **Financial Performance:** - The report does not provide specific financial figures for revenue, net income, or operating expenses. **Strategic Overview & Future Outlook:** - 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. **Risk Factors:** - Legal proceedings involving U.S. Bank Trust Company, the indenture trustee, related to residential mortgage-backed securities (RMBS) and student loans. - Potential impacts of these litigations on the trustee and the trusts are uncertain. **Financial Condition:** - The trust has no voting or non-voting common equity outstanding held by non-affiliates. - The report does not provide detailed financial statements or supplementary data. **Market Position Changes:** - No significant changes in market position are reported, as the trust's operations are focused on auto receivables. **Key Points:** - The trust operates under various agreements, including the Amended and Restated Trust Agreement, Indenture, Sale and Servicing Agreement, and others. - Compliance reports and attestation reports from servicing participants (Toyota Motor Credit Corporation and U.S. Bank Trust Co.) indicate no material instances of noncompliance with servicing criteria. - The report includes various exhibits, such as certificates, agreements, and compliance statements. **Note:** The report omits several items typically found in a Form 10-K, such as business, risk factors, market for common equity, management's discussion and analysis, and financial statements. The trust is a smaller reporting company and is not a shell company.