Mon, Mar 24, 8:42 PM (34 days ago)
**World Omni Auto Receivables Trust 2022-B (WOAT) - Ticker: Not Listed** **Financial Performance (2024):** - Financial performance details are not provided in the summary. **Strategic Overview:** - WOAT is a trust that holds auto receivables, with World Omni Financial Corp. (WOFC) as the sponsor and primary servicer. - The trust does not have any significant obligors or external credit enhancement. **Future Outlook:** - The outlook is not explicitly detailed, but the trust's structure and servicing compliance suggest a focus on maintaining asset quality and compliance. **Risk Factors:** - Legal proceedings involving U.S. Bank, the indenture trustee, related to residential mortgage-backed securities (RMBS) and student loans, though not directly impacting WOAT, could have indirect effects. - No material risks specific to WOAT are highlighted. **Financial Condition:** - The financial condition is not explicitly detailed, but the trust's structure and compliance reports indicate a focus on maintaining financial health. **Market Position Changes:** - WOAT is not listed on any exchange, so market position changes are not applicable. **Key Relationships:** - WOFC is the originator and primary servicer of the pool assets. - U.S. Bank Trust Company, National Association, serves as the indenture trustee. - The trust is affiliated with WOFC and its subsidiary, World Omni Auto Receivables LLC. **Compliance:** - Both the sponsor and the indenture trustee have completed compliance reports and attestations, with no material instances of noncompliance identified. **Exhibits:** - The filing includes various agreements and certificates related to the trust's formation, operation, and servicing. **Conclusion:** WOAT operates within a structured framework with a focus on compliance and servicing. The trust's performance and outlook are not explicitly detailed, but its affiliations and legal context provide insights into its operational environment.