CREDIT RISK RETENTION INFORMATION. The fair value of the Notes and the Residual Interest on the Closing Date is summarized below. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR. [Description of material differences, if any, in methodology or key inputs and assumptions.]
CREDIT RISK RETENTION INFORMATION. [There were no material changes in the retained interest in the transaction.]
CREDIT RISK RETENTION INFORMATION. The fair value of the Notes and the Residual Interest on the Closing Date is summarized below: Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Class D notes $ % Residual Interest $ % Total $ % The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR. [Description of material differences, if any, in methodology or key inputs and assumptions.]
CREDIT RISK RETENTION INFORMATION. [There were no material changes in the Depositor’s retained interest in the transaction.] [Describe any material change in the Depositor’s retained interest in the transaction.] [To be added for offerings after December 24, 2016:] The fair value of the Notes and the Residual Interest included in the Prospectus for the Notes, dated , 20 under the heading “Credit Risk Retention” is summarized below. [The fair value of the Notes and the Residual Interest on the Closing Date did not change from the amounts included in the Prospectus, and there were no changes in methodology or inputs and assumptions.] Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % [The fair value of the Notes and the Residual Interest on the Closing Date is summarized below. The differences in the fair values result from [describe changes in methodology or inputs and assumptions]]. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ %
CREDIT RISK RETENTION INFORMATION. [There were no material changes in the retained interest in the transaction.] Exhibit A-6 (2020-A Sale and Servicing Agreement) EXHIBIT B Form of Servicer’s Certificate Collection Period: ________________ Distribution Date: ________________ Hyundai Auto Receivables Trust 2020-A The undersigned certifies that he is an officer of Hyundai Capital America, a California corporation (“HCA”) and that as such he is duly authorized to execute and deliver this certificate on behalf of HCA pursuant to Section 4.09 of the Sale and Servicing Agreement dated April 29, 2020, among Hyundai Auto Receivables Trust 2020-A, as Issuer, Hyundai ABS Funding, LLC, as Depositor, HCA, as Seller and Servicer and Citibank, N.A., as Indenture Trustee (the “Sale and Servicing Agreement”) (all capitalized terms used herein without definition have the respective meanings specified in the Sale and Servicing Agreement) and further certifies that:
CREDIT RISK RETENTION INFORMATION. [There were no material changes in the Depositor’s retained interest in the transaction.] [The fair value of the Notes and the Residual Interest on the Closing Date is summarized below: Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR.] [Description of material differences, if any, in methodology or key inputs and assumptions.] [The Depositor must retain at least 5% of the initial Note Balance of each Class of Notes and of the Residual Interest or, as of the Closing Date, $ of the Class A Notes, $ of the Class B Notes, $ of the Class C Notes and $ of the Residual Interest, according to Regulation RR.] [Describe any material change in the Depositor’s retained interest for the transaction.] EA-5
CREDIT RISK RETENTION INFORMATION. [There were no material changes in the retained interest in the transaction.] EXHIBIT B Form of Servicer’s Certificate Collection Period: ________________ Distribution Date: ________________ Hyundai Auto Receivables Trust 2021-B The undersigned certifies that he is an officer of Hyundai Capital America, a California corporation (“HCA”) and that as such he is duly authorized to execute and deliver this certificate on behalf of HCA pursuant to Section 4.09 of the Sale and Servicing Agreement dated July 28, 2021, among Hyundai Auto Receivables Trust 2021-B, as Issuer, Hyundai ABS Funding, LLC, as Depositor, HCA, as Seller and Servicer and Citibank, N.A., as Indenture Trustee (the “Sale and Servicing Agreement”) (all capitalized terms used herein without definition have the respective meanings specified in the Sale and Servicing Agreement) and further certifies that:
CREDIT RISK RETENTION INFORMATION. [There were no material changes in the Depositor's retained interest in the transaction.] [The fair value of the Notes and the Residual Interest on the Closing Date is summarized below: Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % [Class D Notes $ %] Residual Interest $ % Total $ % The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR.] [Description of material differences, if any, in methodology or key inputs and assumptions.] [The Depositor must retain at least 5% of the initial Note Balance of each Class of Notes and of the Residual Interest or, as of the Closing Date, $____of the Class A Notes, $_____ of the Class B Notes, $_____ of the Class C Notes[, $_____ of the Class D Notes] and $ ____ of the Residual Interest, according to Regulation RR.] [Describe any material change in the Depositor's retained interest for the transaction.]
CREDIT RISK RETENTION INFORMATION. [There were no material changes in the Depositor’s retained interest in the transaction.] [Describe any material change in the Depositor’s retained interest in the transaction.] The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest] according to Regulation RR. The fair value of the Notes and the Residual Interest included in the Preliminary Prospectus for the Notes, dated , 20 under the heading “Credit Risk Retention” is summarized below. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The fair value of the Notes and the Residual Interest on the Closing Date is summarized below. [The fair value included in the Preliminary Prospectus differs from the fair value on the Closing Date because the fair value in the Preliminary Prospectus was calculated using assumptions regarding the Note Interest Rates for the Notes, the Principal Balance of the Class A-2a and Class A-2b Notes and the purchase prices of the Notes, while the fair value on the Closing Date was calculated using the actual Note Interest Rates for the Notes, the actual Principal Balances for the Class A-2a and Class A-2b Notes and the actual purchase prices for the Notes as stated in the Final Prospectus.] [Except as stated above, there were no other changes in the methodology or inputs and assumptions used to calculate the fair value.] [Describe additional changes, if any, in methodology or inputs and assumptions]. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % IX. NET LOSS AND DELINQUENT RECEIVABLES # of Receivables Amount Current Collection Period Loss: Realized Loss (Charge-Offs) (Recoveries) Net Loss for Current Collection Period Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) Prior and Current Collection Periods Average Loss: Ratio of Net Loss to the Average Pool Balance (annualized) Third Prior Collection Period Second Prior Collection Period Prior Collection Period Current Collection Period Four Month Average (Current and Prior Three Collection Periods) Cumulative Loss: Cumulative Realized Loss (Charge-Offs) (Cumulative Recoveries) Cumulative Net Loss for all Collection Periods Ratio of Cumulative Net Loss for all Collection...
CREDIT RISK RETENTION INFORMATION. The fair value of the Notes and the Residual Interest on the Closing Date is summarized below. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR. [Description of material differences, if any, in methodology or key inputs and assumptions.] IX. NET LOSS AND DELINQUENT RECEIVABLES # of Receivables Amount Current Collection Period Loss: Realized Loss (Charge-Offs) (Recoveries) Net Loss for Current Collection Period Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) Prior and Current Collection Periods Average Loss: Ratio of Net Loss to the Average Pool Balance (annualized) Third Prior Collection Period Second Prior Collection Period Prior Collection Period Current Collection Period Four Month Average (Current and Prior Three Collection Periods) Cumulative Loss: Cumulative Realized Loss (Charge-Offs) (Cumulative Recoveries) Cumulative Net Loss for all Collection Periods Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance Average Realized Loss for Receivables that have experienced a Realized Loss Average Net Loss for Receivables that have experienced a Realized Loss % of EOP Pool # of Receivables Amount Delinquent Receivables: 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Over 120 Days Delinquent Total Delinquent Receivables Repossession Inventory: Repossessed in the Current Collection Period Total Repossessed Inventory Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: Second Prior Collection Period Prior Collection Period Current Collection Period Three Month Average Delinquency Trigger (61+ Delinquent Receivables): Transaction Month Trigger 1 – 12 0.90 % EA-5 13 – 24 1.70 % 25 – 36 3.00 % 37+ 4.80 % 61+ Delinquent Receivables Balance to EOP Pool Balance: Delinquency Trigger Occurred: Y/N EA-6
