Mon, Mar 24, 8:58 PM (34 days ago)
**World Omni Select Auto Trust 2023-A (Ticker: Not Listed)** **Financial Performance:** - Financial performance details are not provided in the summary. **Revenue, Net Income, Operating Expenses, Earnings Per Share:** - Specific financial metrics such as revenue, net income, operating expenses, and earnings per share are not disclosed. **Strategic Overview:** - The Trust focuses on auto receivables, with World Omni Financial Corp. acting as the sponsor and primary servicer. - No significant obligors represent 10% or more of the pool assets. - No external credit enhancement or support is provided for the Trust's assets or issued notes/certificates. **Future Outlook:** - The future outlook is not explicitly detailed in the provided summary. **Risk Factors:** - Legal proceedings involving U.S. Bank, the indenture trustee, related to residential mortgage-backed securities (RMBS) and student loans are noted. - The Trust is not involved in these legal proceedings, but they could impact the trustee and related RMBS trusts. **Financial Condition:** - The financial condition is not explicitly detailed in the provided summary. **Market Position Changes:** - The Trust does not have common equity registered under Section 12(b) or 12(g) of the Act, indicating it may not be publicly traded in the traditional sense. - The aggregate market value of voting and non-voting common equity held by non-affiliates is not applicable. **Key Points:** - World Omni Financial Corp. is the sponsor and primary servicer, with World Omni Auto Receivables LLC as the depositor. - The Trust has no significant obligors, external enhancement providers, or material parties related to the notes or certificates. - The indenture trustee, U.S. Bank Trust Company, National Association, is involved in legal proceedings but denies liability and intends to contest the claims. - The Trust has complied with applicable servicing criteria, as attested by registered public accounting firms.