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Daimler Trucks Retail Trust 2023-1 – ‘10-K’ for 12/31/23 – ‘EX-34’

On:  Thursday, 3/28/24, at 11:58am ET   ·   For:  12/31/23   ·   Accession #:  1853620-24-96   ·   File #:  333-261321-02

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/28/24  Daimler Trucks Retail Tr 2023-1   10-K       12/31/23    7:258K                                   US Bank NA-Struc… Fin/FA

Asset-Backed Securities (ABS)

Asset Class:  Equipment loans   ·   Sponsor:  Daimler Truck Financial Services USA LLC   ·   Depositor:  Daimler Trucks Retail Receivables LLC


Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML     66K 
 3: EX-33       Daimler Truck Financial Services Usa LLC, as        HTML     75K 
                Servicer.                                                        
 4: EX-33       U.S. Bank Trust Company, National Association, as   HTML     85K 
                Indenture Trustee.                                               
 5: EX-34       Daimler Truck Financial Services Usa LLC, as        HTML     14K 
                Servicer.                                                        
 6: EX-34       U.S. Bank Trust Company, National Association, as   HTML     10K 
                Indenture Trustee.                                               
 7: EX-35       Daimler Truck Financial Services Usa LLC, as        HTML      8K 
                Servicer.                                                        
 2: EX-31       Rule 13A-14(D)/15D-14(D) (Section 302               HTML      9K 
                Certification).                                                  


‘EX-34’   —   Daimler Truck Financial Services Usa LLC, as Servicer.


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

 

 

Grant Thornton LLP(logo)

 

     
     

GRANT THORNTON LLP
27777 Franklin Road, Suite 800
Southfield, MI 48034-2366

 

D       +1 248 262 1950
F        +1 248 350 3581 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
     
   

Board of Directors
Daimler Truck Financial Services USA LLC

 

We have examined management’s assertion, included in the accompanying Management’s Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria (“Management’s Report”), that Daimler Truck Financial Services USA LLC (“DTFS USA LLC” or the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the U.S. Securities and Exchange Commission’s Regulation AB for the United States Trucking and Transportation Equipment Installment Sale Contracts and Loans (the “Platform”) as of and for the year ended December 31, 2023, excluding criteria 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(2)(v), 1122(d)(2)(vi), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and (1122(d)(4)(xv), which management has determined are not applicable to the activities performed by the Company with respect to the Platform. The Platform consists of the asset-backed transactions and securities defined by management in Appendix A of Management’s Report. Management is responsible for the Company’s compliance with the applicable servicing criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the applicable servicing criteria for the Platform based on our examination.

 

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants, and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria for the Platform and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities constituting the Platform and evaluating whether the Company performed servicing activities related to those transactions and securities in compliance with the applicable servicing criteria for the period covered by this report. Accordingly, our testing may not have included servicing activities related to each asset-backed transaction or security constituting the Platform. Further, our examination was not designed to detect material noncompliance that may have occurred prior to the period covered by this report and that may have affected the Company’s servicing activities during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the applicable servicing criteria.

 

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement. 

 

     
GT.COM   Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and each of its member firms are separate legal entities and are not a worldwide partnership.

 

 

 

 

Grant Thornton LLP(logo)

 

  

As described in Management’s Report, the Company engaged various vendors to perform servicing activities with respect to criteria 1122(d)(2)(i),1122(d)(4)(i), and 1122(d)(4)(ii). The Company determined that each vendor is not considered a “servicer,” as that term is defined in Item 1101(j) of Regulation AB, and therefore, the Company is assuming responsibility for compliance with such servicing criteria applicable to each vendor’s servicing activities. In accordance with Regulation AB and its related interpretations, the requirement for management to assess compliance with the servicing criteria applicable to a vendor’s activities is satisfied if the Company has instituted policies and procedures to monitor whether such vendor’s activities comply in all material respects with such criteria. Compliance with the applicable servicing criteria is achieved if those policies and procedures are designed to provide reasonable assurance that such vendor’s activities comply with such criteria and those policies and procedures are operating effectively for the period covered by Management’s Report. Our examination does not provide a legal determination of whether a vendor is or is not considered a servicer, and therefore, on whether the Company, in its Management Report, is eligible to elect to take responsibility for assessing compliance with the servicing criteria applicable to each vendor’s servicing activities.

 

In our opinion, management’s assertion that Daimler Truck Financial Services USA LLC complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2023 for the United States Trucking and Transportation Equipment Installment Sale Contracts and Loans is fairly stated, in all material respects.

 

/s/ GRANT THORNTON LLP

 

Southfield, Michigan

March 20, 2024 

 

 


Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/28/24None on these Dates
3/20/24
For Period end:12/31/23
 List all Filings 


3 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/28/23  Daimler Trucks Retail Tr 2023-1   8-K:1,9     9/27/23    7:1.7M                                   Broadridge Fin’l So… Inc
 9/22/23  Daimler Trucks Retail Tr 2023-1   8-K:1,8,9   9/20/23    9:1.9M                                   Broadridge Fin’l So… Inc
11/24/21  Daimler Trucks Retail Recs LLC    SF-3                  13:4.3M                                   Broadridge Fin’l So… Inc
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Filing Submission 0001853620-24-000096   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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