|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/09/14 Hyundai Auto Recs Trust 2014-A 10-D/A 2/28/14 2:162K Vintage/FA Hyundai ABS Funding Corp |
Document/Exhibit Description Pages Size
1: 10-D/A Amendment to Periodic Distribution Report by an HTML 18K
Asset-Backed Issuer
2: EX-99.1 Miscellaneous Exhibit HTML 77K
| Hyundai Auto Receivables Trust 2014-A |
| Monthly Servicing Report |
| Collection Period | 1/4/14 - 2/28/14 |
| Distribution Date | 03/17/14 |
| Transaction Month | 1 |
| 30/360 Days | 40 |
| Actual/360 Days | 40 |
I. ORIGINAL DEAL PARAMETERS
| Cut off Date: | January 4, 2014 | |||||||||||||||||||||
| Closing Date: | February 5, 2014 | |||||||||||||||||||||
| Dollars | Units | WAC | WARM | |||||||||||||||||||
| Original Pool Balance: | $ | 1,194,774,929.46 | 62,651 | 3.36 | % | 60.38 | ||||||||||||||||
| Original Adj. Pool Balance: | $ | 1,148,453,622.72 | ||||||||||||||||||||
| Dollar Amount | % of Pool | Note Rate | Final Payment Date | |||||||||||||||||||
| Class A-1 Notes | Fixed | $ | 234,000,000.00 | 19.585 | % | 0.20000 | % | February 17, 2015 | ||||||||||||||
| Class A-2 Notes | Fixed | $ | 365,000,000.00 | 30.550 | % | 0.46000 | % | January 16, 2017 | ||||||||||||||
| Class A-3 Notes | Fixed | $ | 348,000,000.00 | 29.127 | % | 0.79000 | % | July 16, 2018 | ||||||||||||||
| Class A-4 Notes | Fixed | $ | 115,890,000.00 | 9.700 | % | 1.32000 | % | August 15, 2019 | ||||||||||||||
| Class B Notes | Fixed | $ | 20,670,000.00 | 1.730 | % | 1.73000 | % | August 15, 2019 | ||||||||||||||
| Class C Notes | Fixed | $ | 31,010,000.00 | 2.595 | % | 2.02000 | % | August 15, 2019 | ||||||||||||||
| Class D Notes | Fixed | $ | 25,270,000.00 | 2.115 | % | 2.53000 | % | July 15, 2020 | ||||||||||||||
| Total Securities | $ | 1,139,840,000.00 | 95.402 | % | ||||||||||||||||||
| Overcollateralization | $ | 8,613,622.72 | 0.721 | % | ||||||||||||||||||
| YSOA | $ | 46,321,306.74 | 3.877 | % | ||||||||||||||||||
| Total Original Pool Balance | $ | 1,194,774,929.46 | 100.00 | % | ||||||||||||||||||
| II. POOL BALANCE AND PORTFOLIO INFORMATION | ||||||||||||||||||||||
| Beginning of Period | Ending of Period | Change | ||||||||||||||||||||
| Balance | Note Factor | Balance | Note Factor | |||||||||||||||||||
| Class A-1 Notes | $ | 234,000,000.00 | 1.0000000 | $ | 165,859,101.82 | 0.7087996 | $ | 68,140,898.18 | ||||||||||||||
| Class A-2 Notes | $ | 365,000,000.00 | 1.0000000 | $ | 365,000,000.00 | 1.0000000 | $ | - | ||||||||||||||
| Class A-3 Notes | $ | 348,000,000.00 | 1.0000000 | $ | 348,000,000.00 | 1.0000000 | $ | - | ||||||||||||||
| Class A-4 Notes | $ | 115,890,000.00 | 1.0000000 | $ | 115,890,000.00 | 1.0000000 | $ | - | ||||||||||||||
| Class B Notes | $ | 20,670,000.00 | 1.0000000 | $ | 20,670,000.00 | 1.0000000 | $ | - | ||||||||||||||
| Class C Notes | $ | 31,010,000.00 | 1.0000000 | $ | 31,010,000.00 | 1.0000000 | $ | - | ||||||||||||||
| Class D Notes | $ | 25,270,000.00 | 1.0000000 | $ | 25,270,000.00 | 1.0000000 | $ | - | ||||||||||||||
| Total Securities | $ | 1,139,840,000.00 | 1.0000000 | $ | 1,071,699,101.82 | 0.9402189 | $ | 68,140,898.18 | ||||||||||||||
| Weighted Avg. Coupon (WAC) | 3.36 | % | 3.36 | % | ||||||||||||||||||
| Weighted Avg. Remaining Maturity (WARM) | 60.38 | 58.62 | ||||||||||||||||||||
| Pool Receivables Balance | $ | 1,194,774,929.46 | $ | 1,129,961,681.70 | ||||||||||||||||||
| Remaining Number of Receivables | 62,651 | 60,982 | ||||||||||||||||||||
| Adjusted Pool Balance | $ | 1,148,453,622.72 | $ | 1,086,676,250.84 | ||||||||||||||||||
III. COLLECTIONS
| Principal: | ||||
| Principal Collections | $ | 64,692,756.33 | ||
| Repurchased Contract Proceeds Related to Principal | $ | - | ||
| Recoveries/Liquidation Proceeds | $ | 39,096.60 | ||
| Total Principal Collections | $ | 64,731,852.93 | ||
| Interest: | ||||
| Interest Collections | $ | 6,294,700.36 | ||
| Late Fees & Other Charges | $ | 68,265.91 | ||
| Interest on Repurchase Principal | $ | - | ||
| Total Interest Collections | $ | 6,362,966.27 | ||
| Collection Account Interest | $ | - | ||
| Reserve Account Interest | $ | - | ||
| Servicer Advances | $ | - | ||
| Total Collections | $ | 71,094,819.20 |
| 1 of 3 |
| Hyundai Auto Receivables Trust 2014-A |
| Monthly Servicing Report |
| Collection Period | 1/4/14 - 2/28/14 |
| Distribution Date | 03/17/14 |
| Transaction Month | 1 |
| 30/360 Days | 40 |
| Actual/360 Days | 40 |
IV. DISTRIBUTIONS
| Total Collections | $ | 71,094,819.20 | ||||||||||||||||
| Reserve Account Release | $ | - | ||||||||||||||||
| Reserve Account Draw | $ | - | ||||||||||||||||
| Total Available for Distribution | $ | 71,094,819.20 | ||||||||||||||||
| Amount Due | Interest Pymt Due but unpaid from prior periods | Amount Paid | ||||||||||||||||
| 1. Servicing Fee @1.00%: | ||||||||||||||||||
| Servicing Fee Due | 1.00 | % | $ | 1,991,291.55 | $ | - | $ | 1,991,291.55 | $ | 1,991,291.55 | ||||||||
| Collection Account Interest | $ | - | ||||||||||||||||
| Late Fees & Other Charges | $ | 68,265.91 | ||||||||||||||||
| Total due to Servicer | $ | 2,059,557.46 | ||||||||||||||||
| 2. Class A Noteholders Interest: | ||||||||||||||||||
| Class A-1 Notes(1) | $ | 52,000.00 | $ | 52,000.00 | ||||||||||||||
| Class A-2 Notes(1) | $ | 186,555.56 | $ | 186,555.56 | ||||||||||||||
| Class A-3 Notes(1) | $ | 305,466.67 | $ | 305,466.67 | ||||||||||||||
| Class A-4 Notes(1) | $ | 169,972.00 | $ | 169,972.00 | ||||||||||||||
| Total Class A interest:(1) | $ | 713,994.23 | $ | 713,994.23 | $ | 713,994.23 | ||||||||||||
| 3. First Priority Principal Distribution: | $ | - | $ | - | $ | - | ||||||||||||
| 4. Class B Noteholders Interest:(1) | $ | 39,732.33 | $ | 39,732.33 | $ | 39,732.33 | ||||||||||||
| 5. Second Priority Principal Distribution: | $ | - | $ | - | $ | - | ||||||||||||
| 6. Class C Noteholders Interest:(1) | $ | 69,600.22 | $ | 69,600.22 | $ | 69,600.22 | ||||||||||||
| 7. Third Priority Principal Distribution: | $ | 27,893,749.16 | $ | 27,893,749.16 | $ | 27,893,749.16 | ||||||||||||
| 8. Class D Noteholders Interest:(1) | $ | 71,036.78 | $ | 71,036.78 | $ | 71,036.78 | ||||||||||||
| Available Funds Remaining: | $ | 40,247,149.02 | ||||||||||||||||
| 9. Regular Principal Distribution Amount: | $ | 40,247,149.02 | ||||||||||||||||
| Distributable Amount | Paid Amount | |||||||||||||||||
| Class A-1 Notes | $ | 68,140,898.18 | ||||||||||||||||
| Class A-2 Notes | $ | - | ||||||||||||||||
| Class A-3 Notes | $ | - | ||||||||||||||||
| Class A-4 Notes | $ | - | ||||||||||||||||
| Class A Notes Total: | $ | 70,390,553.50 | $ | 68,140,898.18 | ||||||||||||||
| Class B Notes Total: | $ | - | $ | - | ||||||||||||||
| Class C Notes Total: | $ | - | $ | - | ||||||||||||||
| Class D Notes Total: | $ | - | $ | - | ||||||||||||||
| Total Noteholders Principal | $ | 70,390,553.50 | $ | 68,140,898.18 | ||||||||||||||
| 10. Required Deposit to Reserve Account | 0.00 | |||||||||||||||||
| 11. Trustee Expenses | 0.00 | |||||||||||||||||
| 12. Remaining Available Collections Released to Certificateholder | 0.00 | |||||||||||||||||
V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
| Beginning Period Required Amount | $ | 46,321,306.74 | ||
| Beginning Period Amount | $ | 46,321,306.74 | ||
| Current Period Amortization | $ | 3,035,875.88 | ||
| Ending Period Required Amount | $ | 43,285,430.86 | ||
| Ending Period Amount | $ | 43,285,430.86 | ||
| Next Distribution Date Required Amount | $ | 41,804,118.10 |
VI. RESERVE ACCOUNT
| Reserve Percentage of Initial Adjusted Pool Balance | 0.25 | % | ||
| Beginning Period Required Amount | $ | 2,871,134.06 | ||
| Beginning Period Amount | $ | 2,871,134.06 | ||
| Current Period Release to Collection Account | $ | - | ||
| Current Period Deposit | $ | - | ||
| Current Period Release to Depositor | $ | - | ||
| Ending Period Required Amount (0.25% of APB of cut-off date) | $ | 2,871,134.06 | ||
| Ending Period Amount | $ | 2,871,134.06 | ||
VII. OVERCOLLATERALIZATION
| Overcollateralization Target | 1.50 | % | ||||||||||||||||
| Overcollateralization Floor | 1.50 | % | ||||||||||||||||
| Beginning | Ending | Target | ||||||||||||||||
| Overcollateralization Amount | $ | 8,613,622.72 | $ | 14,977,149.02 | $ | 17,226,804.34 | ||||||||||||
| Overcollateralization as a % of Original Adjusted Pool | 0.75 | % | 1.30 | % | 1.50 | % | ||||||||||||
| Overcollateralization as a % of Current Adjusted Pool | 0.75 | % | 1.38 | % | 1.59 | % | ||||||||||||
| 2 of 3 |
| Hyundai Auto Receivables Trust 2014-A |
| Monthly Servicing Report |
| Collection Period | 1/4/14 - 2/28/14 |
| Distribution Date | 03/17/14 |
| Transaction Month | 1 |
| 30/360 Days | 40 |
| Actual/360 Days | 40 |
VIII. DELINQUENCY AND NET LOSS ACTIVITY
| Units Percent | Units | Dollars Percent | Dollar Amount | |||||||||||||
| Current | 99.67 | % | 60,779 | 99.59 | % | $ | 1,125,374,467.97 | |||||||||
| 30 - 60 Days | 0.29 | % | 174 | 0.35 | % | $ | 3,948,837.62 | |||||||||
| 61 - 90 Days | 0.05 | % | 29 | 0.06 | % | $ | 638,376.11 | |||||||||
| 91 + Days | 0.00 | % | 0 | 0.00 | % | $ | - | |||||||||
| 60,982 | $ | 1,129,961,681.70 | ||||||||||||||
| Total | ||||||||||||||||
| Delinquent Receivables 61 + days past due | 0.05 | % | 29 | 0.06 | % | $ | 638,376.11 | |||||||||
| Delinquency Ratio 61+ for 1st Preceding Collection Period | ||||||||||||||||
| Delinquency Ratio 61+ for 2nd Preceding Collection Period | ||||||||||||||||
| Three-Month Average Delinquency Ratio | 0.05 | % | 0.06 | % | ||||||||||||
| Repossession in Current Period | 8 | $ | 194,615.54 | |||||||||||||
| Repossession Inventory | 11 | $ | 264,554.15 | |||||||||||||
| Charge-Offs | ||||||||||||||||
| Gross Principal of Charge-Off for Current Period | $ | 120,491.43 | ||||||||||||||
| Recoveries | $ | (39,096.60 | ) | |||||||||||||
| Net Charge-offs for Current Period | $ | 81,394.83 | ||||||||||||||
| Beginning Pool Balance for Current Period | $ | 1,194,774,929.46 | ||||||||||||||
| Net Loss Ratio | 0.08 | % | ||||||||||||||
| Net Loss Ratio for 1st Preceding Collection Period | ||||||||||||||||
| Net Loss Ratio for 2nd Preceding Collection Period | ||||||||||||||||
| Three-Month Average Net Loss Ratio for Current Period | 0.08 | % | ||||||||||||||
| Cumulative Net Losses for All Periods | $ | 81,394.83 | ||||||||||||||
| Cumulative Net Losses as a % of Initial Pool Balance | 0.01 | % | ||||||||||||||
| Principal Balance of Extensions | $ | 4,885,304.76 | ||||||||||||||
| Number of Extensions | 202 | |||||||||||||||
| (1) | The amount of interest due and payable on the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes for this Distribution Date has been reduced by $3,900.00, $9,327.77, $15,273.33, $8,498.60, $1,986.62, $3,480.01 and $3,551.84, respectively, to correct for the over payment of such amounts on such Classes of Notes previously reported on the servicer report filed on Form 10-D dated March 21, 2014. |
| 3 of 3 |
| This ‘10-D/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 7/15/20 | ||||
| 8/15/19 | ||||
| 7/16/18 | ||||
| 1/16/17 | ||||
| 2/17/15 | ||||
| Filed as of: | 4/9/14 | |||
| Filed on: | 4/8/14 | |||
| 3/21/14 | 10-D | |||
| For Period End: | 2/28/14 | 10-D | ||
| 2/5/14 | 8-K | |||
| 1/4/14 | ||||
| List all Filings | ||||