Mon, Mar 24, 9:02 PM (33 days ago)
**World Omni Automobile Lease Securitization Trust 2024-A (WOLT)** **Financial Summary (Fiscal Year 2024)** **Financial Performance:** - The document does not provide specific financial figures for revenue, net income, operating expenses, or earnings per share, as it is a securitization trust and not a typical operating company. **Strategic Overview:** - The trust securitizes automobile leases, with World Omni Financial Corp. (WOLF) acting as the sponsor and primary servicer. - The trust does not have any single obligor representing 10% or more of the pool assets, nor does it have external credit enhancement or support. **Future Outlook:** - The trust's performance is tied to the underlying automobile leases and the servicing capabilities of WOLF. - The trust's future outlook depends on the economic conditions affecting the automotive leasing market and the servicing quality of WOLF. **Risk Factors:** - The document does not explicitly list risk factors, but potential risks include defaults on the underlying leases, changes in the automotive leasing market, and servicing risks associated with WOLF. **Financial Condition:** - The trust's financial condition is supported by the pool of automobile leases and the servicing capabilities of WOLF. - The trust does not have any material legal proceedings or unresolved staff comments. **Market Position Changes:** - The trust's market position is tied to the automotive leasing market and the performance of WOLF. - There are no significant changes in market position reported in the document. **Key Relationships:** - WOLF is the originator, sponsor, and primary servicer of the trust. - The depositor, World Omni Auto Leasing LLC, is a wholly-owned subsidiary of WOLF and has a 100% ownership interest in the trust. **Compliance:** - The servicing parties have completed reports on compliance with applicable servicing criteria, with no material instances of noncompliance identified. **Exhibits:** - The document includes various agreements and certificates related to the trust, such as the underwriting agreement, indenture, and servicing agreements. **Ticker:** WOLT