Exhibit 99.1
Hyundai Auto Receivables Trust 2020-A
Monthly Servicing Report
Collection Period | December 2022 | |||||
Distribution Date | 01/17/23 | |||||
Transaction Month | 33 | |||||
30/360 Days | 30 | |||||
Actual/360 Days | 33 |
I. ORIGINAL DEAL PARAMETERS
Cut off Date: | March 17, 2020 | ||||||||||||||||||||
Closing Date: | April 29, 2020 | ||||||||||||||||||||
Dollars | Units | WAC | WARM | ||||||||||||||||||
Original Pool Balance: | $ | 1,238,223,758.71 | 54,503 | 3.54 | % | 58.44 | |||||||||||||||
Original Adj. Pool Balance: | $ | 1,182,894,632.77 | |||||||||||||||||||
Amount | % of Pool | Note Rate | Final Payment Date | ||||||||||||||||||
Class A-1 Notes | Fixed | $ | 241,670,000.00 | 19.517 | % | 1.19763 | % | May 17, 2021 | |||||||||||||
Class A-2 Notes | Fixed | $ | 404,520,000.00 | 32.669 | % | 1.51000 | % | April 17, 2023 | |||||||||||||
Class A-3 Notes | Fixed | $ | 374,520,000.00 | 30.247 | % | 1.41000 | % | November 15, 2024 | |||||||||||||
Class A-4 Notes | Fixed | $ | 75,850,000.00 | 6.126 | % | 1.72000 | % | June 15, 2026 | |||||||||||||
Class B Notes | Fixed | $ | 21,290,000.00 | 1.719 | % | 2.57000 | % | June 15, 2026 | |||||||||||||
Class C Notes | Fixed | $ | 35,490,000.00 | 2.866 | % | 3.41000 | % | December 15, 2026 | |||||||||||||
Total Securities | $ | 1,153,340,000.00 | 93.145 | % | |||||||||||||||||
Overcollateralization | $ | 29,554,632.77 | 2.387 | % | |||||||||||||||||
YSOA | $ | 55,329,125.94 | 4.468 | % | |||||||||||||||||
Total Original Pool Balance | $ | 1,238,223,758.71 | 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 | $ | - | - | $ | - | - | $ | - | |||||||||||||
Class A-2 Notes | $ | - | - | $ | - | - | $ | - | |||||||||||||
Class A-3 Notes | $ | 145,178,302.82 | 0.3876383 | $ | 128,581,674.73 | 0.3433239 | $ | 16,596,628.09 | |||||||||||||
Class A-4 Notes | $ | 75,850,000.00 | 1.0000000 | $ | 75,850,000.00 | 1.0000000 | $ | - | |||||||||||||
Class B Notes | $ | 21,290,000.00 | 1.0000000 | $ | 21,290,000.00 | 1.0000000 | $ | - | |||||||||||||
Class C Notes | $ | 35,490,000.00 | 1.0000000 | $ | 35,490,000.00 | 1.0000000 | $ | - | |||||||||||||
Total Securities | $ | 277,808,302.82 | 0.2408729 | $ | 261,211,674.73 | 0.2264828 | $ | 16,596,628.09 | |||||||||||||
Weighted Avg. Coupon (WAC) | 3.17 | % | 3.16 | % | |||||||||||||||||
Weighted Avg. Remaining Maturity (WARM) | 28.95 | 28.09 | |||||||||||||||||||
Pool Receivables Balance | $ | 325,114,645.10 | $ | 307,698,252.72 | |||||||||||||||||
Remaining Number of Receivables | 30,181 | 29,579 | |||||||||||||||||||
Adjusted Pool Balance | $ | 313,295,141.80 | $ | 296,698,513.71 | |||||||||||||||||
III. COLLECTIONS
Principal: | ||||
Principal Collections | $ | 16,977,710.39 | ||
Repurchased Contract Proceeds Related to Principal | $ | - | ||
Recoveries/Liquidation Proceeds | $ | 283,171.50 | ||
Total Principal Collections | $ | 17,260,881.89 | ||
Interest: | ||||
Interest Collections | $ | 863,560.22 | ||
Late Fees & Other Charges | $ | 51,669.87 | ||
Interest on Repurchase Principal | $ | - | ||
Total Interest Collections | $ | 915,230.09 | ||
Collection Account Interest | $ | 53,528.81 | ||
Reserve Account Interest | $ | 39,577.79 | ||
Servicer Advances | $ | - | ||
Total Collections | $ | 18,269,218.58 |
2020A Report | 1 of 4 |
Hyundai Auto Receivables Trust 2020-A
Monthly Servicing Report
Collection Period | December 2022 | |||||
Distribution Date | 01/17/23 | |||||
Transaction Month | 33 | |||||
30/360 Days | 30 | |||||
Actual/360 Days | 33 |
IV. DISTRIBUTIONS
Total Collections | $ | 18,269,218.58 | ||||||||||||||||||
Reserve Account Release | $ | - | ||||||||||||||||||
Reserve Account Draw | $ | - | ||||||||||||||||||
Total Available for Distribution | $ | 18,269,218.58 | ||||||||||||||||||
Amount Due | Interest Pymt Due prior periods | Amount Paid | ||||||||||||||||||
1. Servicing Fee @1.00%: | ||||||||||||||||||||
Servicing Fee Due | 1.00% | $ | 270,928.87 | $ | - | $ | 270,928.87 | 270,928.87 | ||||||||||||
Collection Account Interest | $ | 53,528.81 | ||||||||||||||||||
Late Fees & Other Charges | $ | 51,669.87 | ||||||||||||||||||
Total due to Servicer | $ | 376,127.55 | ||||||||||||||||||
2. Class A Noteholders Interest: | ||||||||||||||||||||
Class A-1 Notes | $ | - | $ | - | ||||||||||||||||
Class A-2 Notes | $ | - | $ | - | ||||||||||||||||
Class A-3 Notes | $ | 170,584.51 | $ | 170,584.51 | ||||||||||||||||
Class A-4 Notes | $ | 108,718.33 | $ | 108,718.33 | ||||||||||||||||
Total Class A interest: | $ | 279,302.84 | $ | 279,302.84 | 279,302.84 | |||||||||||||||
3. First Priority Principal Distribution: | $ | - | $ | - | 0.00 | |||||||||||||||
4. Class B Noteholders Interest: | $ | 45,596.08 | $ | 45,596.08 | 45,596.08 | |||||||||||||||
5. Second Priority Principal Distribution: | $ | - | $ | - | 0.00 | |||||||||||||||
6. Class C Noteholders Interest: | $ | 100,850.75 | $ | 100,850.75 | 100,850.75 | |||||||||||||||
Available Funds Remaining: | $ | 17,467,341.36 | ||||||||||||||||||
7. Regular Principal Distribution Amount: | 16,596,628.09 | |||||||||||||||||||
Distributable Amount | Paid Amount | |||||||||||||||||||
Class A-1 Notes | $ | - | ||||||||||||||||||
Class A-2 Notes | $ | - | ||||||||||||||||||
Class A-3 Notes | $ | 16,596,628.09 | ||||||||||||||||||
Class A-4 Notes | $ | - | ||||||||||||||||||
Class A Notes Total: | $ | 16,596,628.09 | $ | 16,596,628.09 | ||||||||||||||||
Class B Notes Total: | $ | - | $ | - | ||||||||||||||||
Class C Notes Total: | $ | - | $ | - | ||||||||||||||||
Total Noteholders Principal | $ | 16,596,628.09 | $ | 16,596,628.09 | ||||||||||||||||
8. Required Deposit to Reserve Account | 0.00 | |||||||||||||||||||
9. Trustee Expenses and Asset Representations Reviewer Expenses | 0.00 | |||||||||||||||||||
10. Remaining Available Collections Released to Certificateholder | 870,713.27 | |||||||||||||||||||
V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA) | ||||||||||||||||||||
Beginning Period Required Amount | $ | 11,819,503.30 | ||||||||||||||||||
Beginning Period Amount | $ | 11,819,503.30 | ||||||||||||||||||
Current Period Amortization | $ | 819,764.29 | ||||||||||||||||||
Ending Period Required Amount | $ | 10,999,739.01 | ||||||||||||||||||
Ending Period Amount | $ | 10,999,739.01 | ||||||||||||||||||
Next Distribution Date Required Amount | $ | 10,212,321.92 |
2020A Report | 2 of 4 |
Hyundai Auto Receivables Trust 2020-A
Monthly Servicing Report
Collection Period | December 2022 | |||||
Distribution Date | 01/17/23 | |||||
Transaction Month | 33 | |||||
30/360 Days | 30 | |||||
Actual/360 Days | 33 |
VI. RESERVE ACCOUNT | ||||||||||||||||||||
Reserve Percentage of Initial Adjusted Pool Balance | 1.00 | % | ||||||||||||||||||
Beginning Period Required Amount | $ | 11,828,946.33 | ||||||||||||||||||
Beginning Period Amount | $ | 11,828,946.33 | ||||||||||||||||||
Current Period Release to Collection Account | $ | - | ||||||||||||||||||
Current Period Deposit | $ | - | ||||||||||||||||||
Current Period Release to Depositor | $ | - | ||||||||||||||||||
Ending Period Required Amount (1.00% of APB of cut-off date) | $ | 11,828,946.33 | ||||||||||||||||||
Ending Period Amount | $ | 11,828,946.33 | ||||||||||||||||||
VII. OVERCOLLATERALIZATION | ||||||||||||||||||||
Overcollateralization Target | 3.00 | % | ||||||||||||||||||
Overcollateralization Floor | 3.00 | % | ||||||||||||||||||
Beginning | Ending | Target | ||||||||||||||||||
Overcollateralization Amount | $ | 35,486,838.98 | $ | 35,486,838.98 | $ | 35,486,838.98 | ||||||||||||||
Overcollateralization as a % of Original Adjusted Pool | 3.00 | % | 3.00 | % | 3.00 | % | ||||||||||||||
Overcollateralization as a % of Current Adjusted Pool | 11.33 | % | 11.96 | % | 11.96 | % | ||||||||||||||
VIII. DELINQUENCY AND NET LOSS ACTIVITY | ||||||||||||||||||||
Delinquent Receivables | Units Percent | Units | Dollars Percent | Amount | ||||||||||||||||
Current | 98.12 | % | 29,022 | 97.70 | % | $ | 300,613,543.87 | |||||||||||||
30 - 60 Days | 1.42 | % | 419 | 1.75 | % | $ | 5,381,891.25 | |||||||||||||
61 - 90 Days | 0.34 | % | 102 | 0.40 | % | $ | 1,243,637.70 | |||||||||||||
91-120 Days | 0.11 | % | 34 | 0.14 | % | $ | 423,189.65 | |||||||||||||
121 + Days | 0.01 | % | 2 | 0.01 | % | $ | 35,990.25 | |||||||||||||
Total | 29,579 | $ | 307,698,252.72 | |||||||||||||||||
Delinquent Receivables 30+ Days Past Due | ||||||||||||||||||||
Current Period | 1.88 | % | 557 | 2.30 | % | $ | 7,084,708.85 | |||||||||||||
1st Preceding Collection Period | 1.81 | % | 546 | 2.16 | % | $ | 7,031,404.63 | |||||||||||||
2nd Preceding Collection Period | 1.73 | % | 533 | 2.02 | % | $ | 6,918,847.03 | |||||||||||||
3rd Preceding Collection Period | 1.80 | % | 564 | 2.06 | % | $ | 7,418,264.39 | |||||||||||||
Four-Month Average | 1.81 | % | 2.14 | % | ||||||||||||||||
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance | 0.55 | % | ||||||||||||||||||
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N) | No | |||||||||||||||||||
Repossession in Current Period | 28 | $ | 440,047.72 | |||||||||||||||||
Repossession Inventory | 58 | $ | 839,080.22 | |||||||||||||||||
Current Charge-Offs | ||||||||||||||||||||
Gross Principal of Charge-Offs | $ | 438,681.99 | ||||||||||||||||||
Recoveries | $ | (283,171.50 | ) | |||||||||||||||||
Net Loss | $ | 155,510.49 | ||||||||||||||||||
Ratio of Current Net Loss to Beginning Pool Balance (annualized) | 0.57 | % | ||||||||||||||||||
Average Pool Balance for Current Period | $ | 316,406,448.91 | ||||||||||||||||||
Ratio of Current Net Loss to Average Pool Balance (annualized) | ||||||||||||||||||||
Current Period | 0.59 | % | ||||||||||||||||||
1st Preceding Collection Period | 1.19 | % | ||||||||||||||||||
2nd Preceding Collection Period | 0.42 | % | ||||||||||||||||||
3rd Preceding Collection Period | 0.31 | % | ||||||||||||||||||
Four-Month Average | 0.63 | % | ||||||||||||||||||
Cumulative Charge-Offs | Change in units from prior period | Cumulative Units | Cumulative Amount | |||||||||||||||||
Gross Principal of Charge-Offs | 37 | 1,584 | $ | 23,254,114.41 | ||||||||||||||||
Recoveries | 35 | 1,191 | $ | (11,795,030.28 | ) | |||||||||||||||
Net Loss | $ | 11,459,084.13 | ||||||||||||||||||
Cumulative Net Loss as a % of Initial Pool Balance | 0.93 | % | ||||||||||||||||||
Net Loss for Receivables that have experienced a Net Loss * | 26 | 1,286 | $ | 11,484,482.01 | ||||||||||||||||
Average Net Loss for Receivables that have experienced a Net Loss | $ | 8,930.39 | ||||||||||||||||||
Principal Balance of Extensions | $ | 1,360,584.00 | ||||||||||||||||||
Number of Extensions | 97 |
* Excludes receivables with recovered amounts equal to or in excess of principal charge-offs due to the recovery of assessments, such as interest and fees.
2020A Report | 3 of 4 |
Hyundai Auto Receivables Trust 2020-A
Monthly Servicing Report
Collection Period | December 2022 | |||||
Distribution Date | 01/17/23 | |||||
Transaction Month | 33 | |||||
30/360 Days | 30 | |||||
Actual/360 Days | 33 |
IX. CREDIT RISK RETENTION INFORMATION |
There were no material changes in the retained interest in the transaction. |
2020A Report | 4 of 4 |