Exhibit 99.1
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
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MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-4 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
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Deal Age |
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17 |
Determination Date: 04/16/2025 |
Actual/360 Days |
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31 |
Record Date: 04/20/2025 |
30/360 Days |
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30 |
Payment Date: 04/21/2025 |
ORIGINAL DEAL PARAMETERS
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Dollar Amount |
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Number of Receivables |
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Total Portfolio Balance |
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|
$ |
1,889,339,371.17 |
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|
84,999 |
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Accrual Basis |
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Dollar Amount |
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% of Pool |
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Interest Rate |
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Final Scheduled
Maturity Date |
Class A-1 Notes |
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Actual/360 |
|
$ |
464,700,000.00 |
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|
|
24.60 |
% |
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|
5.680 |
% |
|
November 21, 2024 |
Class A-2 Notes |
|
30/360 |
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$ |
651,800,000.00 |
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34.50 |
% |
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|
5.870 |
% |
|
June 22, 2026 |
Class A-3 Notes |
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30/360 |
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$ |
651,800,000.00 |
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|
|
34.50 |
% |
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|
5.670 |
% |
|
June 21, 2028 |
Class A-4 Notes |
|
30/360 |
|
$ |
73,806,000.00 |
|
|
|
3.91 |
% |
|
|
5.660 |
% |
|
February 21, 2030 |
Certificates |
|
30/360 |
|
$ |
47,233,371.17 |
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|
|
2.50 |
% |
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|
0.000 |
% |
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|
Total Securities Balance |
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|
$ |
1,889,339,371.17 |
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Total Note Balance |
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$ |
1,842,106,000.00 |
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Reserve Account Initial Deposit |
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$ |
4,723,348.43 |
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Yield Supplement Account Deposit |
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$ |
192,733,355.73 |
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COLLECTIONS
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Interest Collections |
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Simple Interest Collections |
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$ |
3,409,266.92 |
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Interest Related to Repurchased Receivables |
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$ |
0.00 |
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Interest Advance for simple Interest - Net * |
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$ |
0.00 |
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Total Interest Collections |
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$ |
3,409,266.92 |
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* Advances are reimbursed (including outstanding advances of $0.00): |
(i) from subsequent payments, liquidation proceeds and servicer repurchase payments in respect of the related obligor, and |
(ii) to the extent amounts in clause (i) are insufficient, generally from interest (with respect to interest advances). |
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Principal Collections |
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Principal Collections |
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$ |
33,968,335.18 |
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Prepayments in Full |
|
$ |
14,208,396.91 |
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Liquidation Proceeds |
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$ |
214,526.13 |
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Principal Related to Repurchased Receivables |
|
$ |
0.00 |
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Recoveries from Prior Month Charge Offs |
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$ |
161,268.28 |
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Total Principal Collections |
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$ |
48,552,526.50 |
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Total Interest and Principal Collections |
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$ |
51,961,793.42 |
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Yield Supplement Deposit |
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$ |
5,167,061.53 |
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Collection Account Investment Earnings |
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$ |
0.00 |
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Total Available Amount |
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|
$ |
57,128,854.95 |
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SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
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|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-4 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
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|
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|
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|
|
Deal Age |
|
17 |
Determination Date: 04/16/2025 |
Actual/360 Days |
|
31 |
Record Date: 04/20/2025 |
30/360 Days |
|
30 |
Payment Date: 04/21/2025 |
DISTRIBUTIONS
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Note Percentage |
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100.00 |
% |
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Certificate Percentage |
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|
0.00 |
% |
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Amount Due |
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Amount Paid |
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Shortfall |
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Total Servicing Fee |
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|
1.00 |
% |
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|
$ |
796,952.23 |
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$ |
796,952.23 |
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$ |
0.00 |
|
Trustee Fees |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
|
Asset Representations Reviewer Fees (Accrued & Unpaid) |
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$ |
0.00 |
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Interest - Class A-1 Notes |
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$ |
0.00 |
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$ |
0.00 |
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|
$ |
0.00 |
|
Interest - Class A-2 Notes |
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|
$ |
897,636.97 |
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|
$ |
897,636.97 |
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|
$ |
0.00 |
|
Interest - Class A-3 Notes |
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|
$ |
3,079,755.00 |
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|
$ |
3,079,755.00 |
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|
$ |
0.00 |
|
Interest - Class A-4 Notes |
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|
$ |
348,118.30 |
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|
$ |
348,118.30 |
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|
$ |
0.00 |
|
Total Monthly Interest |
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$ |
4,325,510.27 |
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|
$ |
4,325,510.27 |
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$ |
0.00 |
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Principal - Class A-1 Notes |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
|
Principal - Class A-2 Notes |
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|
|
|
|
$ |
48,683,157.28 |
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|
$ |
48,683,157.28 |
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|
$ |
0.00 |
|
Principal - Class A-3 Notes |
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|
$ |
0.00 |
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|
$ |
0.00 |
|
|
$ |
0.00 |
|
Principal - Class A-4 Notes |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
|
Total Monthly Principal |
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|
$ |
48,683,157.28 |
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|
$ |
48,683,157.28 |
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$ |
0.00 |
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Interest - Certificates |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
|
Principal - Certificates |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Available to Deposit |
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Reserve Deposit |
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Reserve Draw |
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Excess Released |
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Released to Seller |
|
Reserve Account Deposit |
|
$ |
3,323,235.17 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
3,323,235.17 |
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Noteholder/Certificateholder Distributions
(Per $1000 of Original Principal Amount) |
|
Fee |
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Interest |
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Interest
Shortfall |
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Principal |
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Principal
Shortfall |
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Amount
Distributed |
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Servicing Fee |
|
$ |
0.42 |
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$ |
796,952.23 |
|
Trustee Fees |
|
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$ |
0.00 |
|
Asset Representation Reviewer Fees |
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|
$ |
0.00 |
|
Class A-1 Notes |
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|
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
Class A-2 Notes |
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|
|
|
$ |
1.38 |
|
|
$ |
0.00 |
|
|
$ |
74.69 |
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|
$ |
0.00 |
|
|
$ |
49,580,794.25 |
|
Class A-3 Notes |
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|
|
|
$ |
4.73 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
3,079,755.00 |
|
Class A-4 Notes |
|
|
|
|
$ |
4.72 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
348,118.30 |
|
Certificates |
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
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|
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|
|
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-4 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deal Age |
|
17 |
Determination Date: 04/16/2025 |
Actual/360 Days |
|
31 |
Record Date: 04/20/2025 |
30/360 Days |
|
30 |
Payment Date: 04/21/2025 |
POOL DATA
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Proceeding Month |
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Carryover Shortfall |
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Beginning of Period |
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End of Period |
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Interest |
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Principal |
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Balance |
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Note Factor |
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Balance |
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|
Note Factor |
|
Class A-1 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
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|
$ |
0.00 |
|
|
|
0.0000000 |
|
|
$ |
0.00 |
|
|
|
0.0000000 |
|
Class A-2 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
183,503,299.71 |
|
|
|
0.2815331 |
|
|
$ |
134,820,142.43 |
|
|
|
0.2068428 |
|
Class A-3 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
651,800,000.00 |
|
|
|
1.0000000 |
|
|
$ |
651,800,000.00 |
|
|
|
1.0000000 |
|
Class A-4 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
73,806,000.00 |
|
|
|
1.0000000 |
|
|
$ |
73,806,000.00 |
|
|
|
1.0000000 |
|
Certificates |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
47,233,371.17 |
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|
|
1.0000000 |
|
|
$ |
47,233,371.17 |
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|
|
1.0000000 |
|
Total Securities |
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|
|
|
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|
$ |
956,342,670.88 |
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|
|
0.5061783 |
|
|
$ |
907,659,513.60 |
|
|
|
0.4804111 |
|
Total Notes |
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|
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|
$ |
909,109,299.71 |
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|
|
0.4935163 |
|
|
$ |
860,426,142.43 |
|
|
|
0.4670883 |
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Portfolio Information |
|
Original |
|
|
Prior Month |
|
|
Current Month |
|
Weighted Average Coupon (WAC) |
|
|
4.36 |
% |
|
|
4.55 |
% |
|
|
4.57 |
% |
Weighted Average Remaining Maturity (WAM) |
|
|
50.09 |
|
|
|
35.66 |
|
|
|
34.88 |
|
Weighted Average Original Maturity (WAOM) |
|
|
62.34 |
|
|
|
|
|
|
|
Remaining Number of Receivables |
|
|
84,999 |
|
|
|
63,023 |
|
|
|
61,308 |
|
Portfolio Receivable Balance |
|
$ |
1,889,339,371.17 |
|
|
$ |
956,342,670.88 |
|
|
$ |
907,659,513.60 |
|
DELINQUENCY AND NET LOSS ACTIVITY
|
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|
Net Loss and Delinquency Account Activity |
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|
|
|
|
Amount |
|
Gross Principal Balance on Defaulted Receivables |
|
|
|
|
|
$ |
506,425.19 |
|
Liquidation Proceeds |
|
|
|
|
|
$ |
214,526.13 |
|
Recoveries on Previously Defaulted Contracts |
|
|
|
|
|
$ |
161,268.28 |
|
Aggregate Net Losses for Collection Period |
|
|
|
|
|
$ |
130,630.78 |
|
Net Loss Rate for Collection Period's Average Balance (annualized) |
|
|
|
|
0.17 |
% |
Cumulative Net Losses for all Periods |
|
|
|
|
|
$ |
3,672,678.84 |
|
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|
|
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|
|
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|
Delinquent Receivables |
|
# Units |
|
|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
31-60 Days Delinquent |
|
|
325 |
|
|
|
0.53 |
% |
|
$ |
5,720,679.52 |
|
|
|
0.63 |
% |
61-90 Days Delinquent |
|
|
57 |
|
|
|
0.09 |
% |
|
$ |
908,765.07 |
|
|
|
0.10 |
% |
91-120 Days Delinquent |
|
|
15 |
|
|
|
0.02 |
% |
|
$ |
202,871.02 |
|
|
|
0.02 |
% |
121 Days or More Delinquent |
|
|
0 |
|
|
|
0.00 |
% |
|
$ |
0.00 |
|
|
|
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession Activity |
|
# Units |
|
|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
Vehicles Repossessed During Collection Period |
|
|
18 |
|
|
|
0.03 |
% |
|
$ |
438,310.91 |
|
|
|
0.05 |
% |
Total Accumulated Repossessed Vehicles in Inventory |
|
|
36 |
|
|
|
0.06 |
% |
|
$ |
911,750.59 |
|
|
|
0.10 |
% |
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
|
|
|
|
|
|
|
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-4 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deal Age |
|
17 |
Determination Date: 04/16/2025 |
Actual/360 Days |
|
31 |
Record Date: 04/20/2025 |
30/360 Days |
|
30 |
Payment Date: 04/21/2025 |
DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
Net Loss and Delinquency Ratios |
|
|
|
|
|
|
|
Ratio of Net Losses to the Pool Balance as of Each Collection Period |
|
Third Preceding Collection Period |
|
|
|
|
|
|
0.07 |
% |
Second Preceding Collection Period |
|
|
|
|
|
|
-0.01 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.30 |
% |
Current Collection Period |
|
|
|
|
|
|
0.17 |
% |
Four Month Average |
|
|
|
|
|
|
0.13 |
% |
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
|
|
|
Second Preceding Collection Period |
|
|
|
|
|
|
0.26 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.24 |
% |
Current Collection Period |
|
|
|
|
|
|
0.18 |
% |
Three Month Average |
|
|
|
|
|
|
0.23 |
% |
|
|
|
|
|
|
|
|
|
Delinquency Trigger |
|
4.80% |
|
Delinquency Percentage exceeds Delinquency Trigger: |
|
No |
Delinquency Percentage - |
|
0.12% |
|
|
|
|
|
|
Receivables that are 61 days or more delinquent as a percentage of Current Outstanding Balance of Receivables |
LOSS AND CUMULATIVE LOSS INFORMATION
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Current Month |
|
|
Cumulative |
|
For Assets Experiencing a Loss: |
|
Units |
|
|
Amount |
|
|
Units |
|
|
Amount |
|
Gross Principal
on Defaulted Receivables |
|
27 |
|
|
$ |
488,378.65 |
|
|
|
350 |
|
|
$ |
8,575,897.96 |
|
Liquidation Proceeds and Recoveries
on Defaulted Receivables |
|
48 |
|
|
$ |
356,833.30 |
|
|
|
298 |
|
|
$ |
4,887,394.49 |
|
Net Loss Amount |
|
27 |
|
|
$ |
131,545.35 |
|
|
|
350 |
|
|
$ |
3,688,503.47 |
|
Net Loss % of Average
Portfolio Balance (Annualized) |
|
|
|
|
0.17 |
% |
|
|
|
|
|
|
Cumulative Net Loss %
of Initial Balance |
|
|
|
|
|
|
|
|
|
|
0.20 |
% |
Average Net Loss of
Assets Experiencing a Loss |
|
|
|
|
|
|
|
|
|
$ |
10,538.58 |
|
CREDIT ENHANCEMENT
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Reserve Account |
|
|
|
|
Reconciliation of Yield Supplement Account |
|
Beginning Reserve Account Balance |
|
$ |
4,723,348.43 |
|
|
Beginning Yield Supplement
Account Balance |
|
$ |
64,881,700.68 |
|
Investment Earnings |
|
$ |
17,063.77 |
|
|
Investment Earnings |
|
$ |
245,272.56 |
|
Excess Interest Deposited into the Reserve Account |
|
$ |
0.00 |
|
|
Additional Yield Supplement Amounts |
|
$ |
0.00 |
|
Investment Withdrawal to Seller |
|
$ |
(17,063.77 |
) |
|
Yield Supplement Withdrawal Amount |
|
$ |
5,167,061.53 |
|
Release of Reserve to Collection Account |
|
$ |
0.00 |
|
|
Investment Earnings Withdraw |
|
$ |
0.00 |
|
Release of Reserve to Seller |
|
$ |
0.00 |
|
|
Release of Yield Supplement Account Balance to Seller |
|
$ |
0.00 |
|
Ending Reserve Account Balance |
|
$ |
4,723,348.43 |
|
|
Ending Yield Supplement Account Balance |
|
$ |
59,959,911.71 |
|
|
|
|
|
|
|
|
|
|
Reserve Account Required Amount |
|
$ |
4,723,348.43 |
|
|
|
|
|
|
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
|
|
|
|
|
|
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|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2023-4 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deal Age |
|
17 |
Determination Date: 04/16/2025 |
Actual/360 Days |
|
31 |
Record Date: 04/20/2025 |
30/360 Days |
|
30 |
Payment Date: 04/21/2025 |
REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
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|
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Is there any activity to report? |
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No |
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STATEMENT TO NOTEHOLDERS
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Has there been a material change in practices with respect to charge-offs, collection and management of delinquent receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience? |
|
No |
|
|
|
|
|
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|
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Have there been any material modifications, extensions or waivers to receivables terms, fees, penalties or payments during the collection period? |
|
No |
|
|
|
|
|
|
|
|
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Have there been any material breaches of representations, warranties or covenants contained in the receivables? |
|
|
|
No |
|
|
|
|
|
|
|
|
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Has there been an issuance of notes or other securities backed by the receivables? |
|
|
|
No |
|
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Has there been a material change in the underwriting, origination or acquisition of receivables? |
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No |
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|
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|
SERVICER CERTIFICATION
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|
|
I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. |
|
|
|
/s/ Paul C. Honda |
|
|
Paul C. Honda |
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|
Vice President-Finance & Administration and Assistant Secretary |
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|
