Mon, Mar 24, 8:38 PM (36 days ago)
**World Omni Auto Receivables Trust 2021-B (WOF)** **Ticker:** Not Applicable **Financial Performance (Fiscal Year 2024):** - **Revenue, Net Income, Operating Expenses, Earnings Per Share:** Not applicable as the trust does not have traditional income statements. - **Financial Condition:** The trust holds auto receivables with no single obligor representing 10% or more of the pool assets. There is no external credit enhancement or support. - **Market Position:** The trust is a passive entity with no common equity outstanding or market for its securities. **Strategic Overview:** - The trust was established to issue notes and certificates backed by auto receivables originated by World Omni Financial Corp. (the Sponsor). - The Sponsor is also the primary servicer, and the Depositor (World Omni Auto Receivables LLC) has a 100% ownership interest in the trust. **Future Outlook:** - The trust's performance is tied to the underlying auto receivables and the servicing capabilities of the Sponsor. - There are no significant risk factors or legal proceedings reported that could materially impact the trust's operations. **Risk Factors:** - Concentration risk is mitigated as no single obligor represents 10% or more of the pool assets. - There is no external credit enhancement, but the Sponsor's servicing capabilities are crucial to the trust's performance. **Changes in Market Position:** - There are no changes in market position as the trust does not have securities registered under Section 12 of the Exchange Act. **Key Takeaways:** - World Omni Auto Receivables Trust 2021-B is a passive entity focused on holding and issuing securities backed by auto receivables. - The trust's performance relies on the underlying assets and the Sponsor's servicing capabilities. - There are no significant risk factors or legal proceedings reported.