Mon, Mar 24, 8:43 PM (34 days ago)
**World Omni Auto Receivables Trust 2022-C (WOAT) - Ticker: WOAT** **Financial Performance:** - Financial performance metrics, revenue, net income, operating expenses, and earnings per share are not applicable as WOAT is a trust and not an operating company. **Strategic Overview:** - WOAT is a passive, non-operating trust formed to acquire and hold auto receivables. - World Omni Financial Corp. (WOFC) is the sponsor and primary servicer, while U.S. Bank Trust Company, National Association, serves as the indenture trustee. **Future Outlook:** - The trust's performance is tied to the underlying auto receivables and the servicing capabilities of WOFC. - No specific outlook is provided, as the trust's operations are passive. **Risk Factors:** - No specific risk factors are disclosed, but typical risks for auto receivables trusts include credit risk, prepayment risk, and interest rate risk. **Financial Condition:** - The trust's financial condition is dependent on the performance of the auto receivables and the servicing activities of WOFC. - No detailed financial condition is provided. **Market Position Changes:** - No market position changes are disclosed, as WOAT is not an operating company with market activities. **Legal Proceedings:** - U.S. Bank, the indenture trustee's parent, is involved in litigation related to residential mortgage-backed securities and student loans. However, these proceedings are not expected to materially impact WOAT. **Affiliations:** - WOFC is the originator and primary servicer of the pool assets. The depositor, World Omni Auto Receivables LLC, is a wholly-owned subsidiary of WOFC and holds a 100% ownership interest in the trust. **Compliance:** - The servicing parties have completed reports and attestations confirming compliance with applicable servicing criteria. **Exhibits:** - Various agreements and certificates related to the trust's formation and operations are included as exhibits. **Signatures:** - The report is signed by Michael Hollis, Vice President and Assistant Secretary of WOFC, on behalf of the trust.