Tue, Mar 25, 8:00 PM (32 days ago)
**Toyota Auto Receivables 2023-B Owner Trust (Ticker: Not Applicable)** **Financial Performance (Fiscal Year 2024):** - **Revenue & Net Income:** Not explicitly stated, as the form omits financial statements. - **Operating Expenses:** Not explicitly stated. - **Earnings Per Share:** Not applicable, as the trust has no voting or non-voting common equity outstanding held by non-affiliates. **Strategic Overview & Future Outlook:** - The trust focuses on auto receivables, with no single obligor representing 10% or more of the asset pool. - The indenture trustee, U.S. Bank Trust Co., has repositioned its corporate trust business, which may impact operations. - The trust has no external credit enhancement or derivative instruments supporting payments on pool assets or issued notes. **Risk Factors:** - Legal proceedings involving U.S. Bank N.A. as trustee for RMBS trusts and student loan trusts may impact the trust's operations. - The trust has no material instances of noncompliance with servicing criteria, as reported by servicing participants. **Financial Condition & Market Position:** - The trust has no voting or non-voting common equity outstanding held by non-affiliates. - The trust's market position is not explicitly stated, as the form omits market-related items. **Changes & Amendments:** - The form incorporates various agreements and reports by reference, including the amended and restated trust agreement and servicing compliance statements. - The form omits several items in accordance with General Instruction J to Form 10-K, focusing on trust-specific disclosures.