Exhibit99.2
| Monthly Investor Report: Verizon Master Trust - VZMT 2023-4 | ||||||
| Collection Period |
Payment Date |
Transaction Month |
Series Status at End of Prior Payment Date | |||
| February 2026 | 03/20/2026 | 33 | Revolving | |||
| Offered |
Anticipated Redemption Date | Final Maturity Date | Issuance Note Balance | SOFR:Days in the Interest Period | Note Interest Rate | SOFR Adjustment Date | SOFR30A | Total | ||||||||||
| Class A-1a | 6/22/26 | 06/20/2029 | $537,800,000.00 | 5.16% | 5.16% | |||||||||||||
| Class A-1b | 6/22/26 | 06/20/2029 | $175,000,000.00 | 28 | SOFR +0.85% | 03/13/2026 | 3.67223% | 4.52% | ||||||||||
| Class B | 6/22/26 | 06/20/2029 | $54,500,000.00 | 4.57% | 4.57% | |||||||||||||
| Class C | 6/22/26 | 06/20/2029 | $32,700,000.00 | 5.65% | 5.65% | |||||||||||||
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| Total |
$800,000,000.00 | |||||||||||||||||
| Series 2023-4 Allocation % x Group One Available Funds |
$50,807,213.13 | |||
| Amounts paid by the Cap Counterparty |
N/A | |||
| Available Subordinated Amounts |
$0.00 | |||
| Amounts drawn on the Reserve Account |
$0.00 | |||
| Amounts released from Principal Funding Account |
$0.00 | |||
| Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |
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| Total Available Funds |
$50,807,213.13 | |||
| Beginning of Period Reserve Account Balance |
$ | 8,719,346.05 | ||
| Required Reserve Amount |
$ | 8,719,346.05 | ||
| Shortfall in Required Reserve Amount |
$ | 0.00 | ||
| Reserve Account funds needed this period (True/False) |
FALSE | |||
| Reserve Account draw amount required |
0.00 | |||
| Reserve Account Deposit Amount |
$ | 0.00 | ||
| End of Period Reserve Account Balance |
$ | 8,719,346.05 |
| Waterfall Distribution | Amount Due | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||||||||
| Master Collateral Agent Fee |
$ | 57.43 | $ | 57.43 | $ | 0.00 | $ | 0.00 | $ | 50,807,155.70 | ||||||||||||||
| Owner Trustee Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 50,807,155.70 | ||||||||||||||
| Asset Representations Reviewer Fee |
$ | 36.11 | $ | 36.11 | $ | 0.00 | $ | 0.00 | $ | 50,807,119.59 | ||||||||||||||
| Supplemental ARR Fee |
$ | 144.44 | $ | 144.44 | $ | 0.00 | $ | 0.00 | $ | 50,806,975.15 | ||||||||||||||
| Indenture Trustee Fee |
$ | 1,250.00 | $ | 1,250.00 | $ | 0.00 | $ | 0.00 | $ | 50,805,725.15 | ||||||||||||||
| Servicing Fee |
$ | 621,811.91 | $ | 621,811.91 | $ | 0.00 | $ | 0.00 | $ | 50,183,913.24 | ||||||||||||||
| Class A-1a Note Interest |
$ | 2,312,540.00 | $ | 2,312,540.00 | $ | 0.00 | $ | 0.00 | $ | 47,871,373.24 | ||||||||||||||
| Class A-1b Note Interest |
$ | 615,525.75 | $ | 615,525.75 | $ | 0.00 | $ | 0.00 | $ | 47,255,847.49 | ||||||||||||||
| First Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 47,255,847.49 | ||||||||||||||
| Class B Note Interest |
$ | 207,554.17 | $ | 207,554.17 | $ | 0.00 | $ | 0.00 | $ | 47,048,293.32 | ||||||||||||||
| Second Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 47,048,293.32 | ||||||||||||||
| Class C Note Interest |
$ | 153,962.50 | $ | 153,962.50 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Third Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Reserve Account up to Required Reserve Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Regular Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Supplemental Successor Servicer Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Additional Interest Amounts |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Make-Whole Payments |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Additional Fees and Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Additional Trust Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 46,894,330.82 | ||||||||||||||
| Class R Interest |
$ | 46,894,330.82 | $ | 46,894,330.82 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
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| Total |
$ | 50,807,213.13 | $ | 50,807,213.13 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
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| Total Priority Principal Payments and Additional Interest Amounts |
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$ | 0.00 | |||||||||||||||||||||
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| Noteholder Payments | Note Balance | PFA Account | Interest Payment | Add’l Interest | Make-Whole | Total Payment | ||||||||||||||||||||
| Class A-1a |
$0.00 | $0.00 | $2,312,540.00 | $0.00 | $0.00 | $2,312,540.00 | ||||||||||||||||||||
| Class A-1b |
$0.00 | $0.00 | $615,525.75 | $0.00 | $0.00 | $615,525.75 | ||||||||||||||||||||
| Class B |
$0.00 | $0.00 | $207,554.17 | $0.00 | $0.00 | $207,554.17 | ||||||||||||||||||||
| Class C |
$0.00 | $0.00 | $153,962.50 | $0.00 | $0.00 | $153,962.50 | ||||||||||||||||||||
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| Total |
$0.00 | $0.00 | $3,289,582.42 | $0.00 | $0.00 | $3,289,582.42 | ||||||||||||||||||||
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| Noteholder Payments | Note Balance | Payment per $1,000 of Notes | As of Prior Payment Date | Current Payment Date | ||||||||||||||||||||||||||||||
| per $1,000 of Notes | Interest Payment | Make-Whole Payment | Total Payment | Balance | Note Pool Factor | Balance | Note Pool Factor | |||||||||||||||||||||||||||
| Class A-1a |
$1,000.00 | $4.30 | $0.00 | $4.30 | $537,800,000.00 | 1.00 | $537,800,000.00 | 1.00 | ||||||||||||||||||||||||||
| Class A-1b |
$1,000.00 | $3.52 | $0.00 | $3.52 | $175,000,000.00 | 1.00 | $175,000,000.00 | 1.00 | ||||||||||||||||||||||||||
| Class B |
$1,000.00 | $3.81 | $0.00 | $3.81 | $54,500,000.00 | 1.00 | $54,500,000.00 | 1.00 | ||||||||||||||||||||||||||
| Class C |
$1,000.00 | $4.71 | $0.00 | $4.71 | $32,700,000.00 | 1.00 | $32,700,000.00 | 1.00 | ||||||||||||||||||||||||||
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| Total |
$1,000.00 | $4.11 | $0.00 | $4.11 | $800,000,000.00 | 1.00 | $800,000,000.00 | 1.00 | ||||||||||||||||||||||||||
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| Beginning Period | Add: Deposit | Ending Period | ||||||||||||||||||||
| Principal Funding Account Limit | $400,000,000.00 | 400,000,000.00 | ||||||||||||||||||||
| Principal Funding Account balance |
$0.00 | $0.00 | $0.00 | |||||||||||||||||||
| Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D. |
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