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Hyundai Auto Receivables Trust 2022-B
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Monthly Servicing Report
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Collection Period
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May 2026
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Distribution Date
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06/15/26
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Transaction Month
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47
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30/360 Days
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30
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Actual/360 Days
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31
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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
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June 7, 2022
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Closing Date:
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July 20, 2022
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Dollars
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Units
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WAC
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WARM
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Original Pool Balance:
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$
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1,537,128,048.52
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65,507
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3.29
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%
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54.60
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Original Adj. Pool Balance:
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$
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1,393,975,736.04
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Amount
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% of Pool
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Note Rate
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Final Payment Date
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Class A-1 Notes
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Fixed
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$
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286,000,000.00
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18.606
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%
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2.55700
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%
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July 17, 2023
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Class A-2-A Notes
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Fixed
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$
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355,000,000.00
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23.095
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%
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3.64000
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%
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May 15, 2025
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Class A-2-B Notes
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Floating
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$
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118,400,000.00
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7.703
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%
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SOFR + 0.58
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%
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May 15, 2025
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Class A-3 Notes
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Fixed
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$
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429,100,000.00
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27.916
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%
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3.72000
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%
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November 16, 2026
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Class A-4 Notes
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Fixed
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$
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103,700,000.00
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6.746
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%
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3.80000
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%
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August 15, 2028
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Class B Notes
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Fixed
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$
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25,100,000.00
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1.633
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%
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4.51000
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%
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August 15, 2028
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Class C Notes
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Fixed
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$
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41,800,000.00
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2.719
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%
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4.80000
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%
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January 16, 2029
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Total Securities
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$
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1,359,100,000.00
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88.418
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%
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Overcollateralization
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$
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34,875,736.04
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2.269
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%
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YSOA
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$
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143,152,312.48
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9.313
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%
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Total Original Pool Balance
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$
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1,537,128,048.52
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100.00
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%
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II. POOL BALANCE AND PORTFOLIO INFORMATION
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Beginning of Period
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Ending of Period
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Change
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Balance
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Note Factor
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Balance
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Note Factor
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Class A-1 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-2-A Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-2-B Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-3 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-4 Notes
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$
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2,540,950.80
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0.0245029
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$
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-
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-
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$
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2,540,950.80
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Class B Notes
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$
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25,100,000.00
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1.0000000
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$
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16,472,152.80
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0.6562611
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$
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8,627,847.20
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Class C Notes
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$
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41,800,000.00
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1.0000000
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$
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41,800,000.00
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1.0000000
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$
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-
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Total Securities
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$
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69,440,950.80
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0.0510933
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$
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58,272,152.80
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0.0428755
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$
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11,168,797.99
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Weighted Avg. Coupon (WAC)
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4.09
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%
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4.16
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%
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Weighted Avg. Remaining Maturity (WARM)
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15.72
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15.14
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Pool Receivables Balance
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$
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113,415,119.47
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$
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101,501,343.64
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Remaining Number of Receivables
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20,567
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19,422
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Adjusted Pool Balance
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$
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107,775,283.54
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$
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96,606,485.54
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III. COLLECTIONS
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Principal:
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Principal Collections
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$
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11,799,656.62
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Repurchased Contract Proceeds Related to Principal
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$
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-
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Recoveries/Liquidation Proceeds
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$
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143,488.50
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Total Principal Collections
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$
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11,943,145.12
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Interest:
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Interest Collections
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$
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389,698.84
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Late Fees & Other Charges
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$
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32,821.22
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Interest on Repurchase Principal
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$
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-
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Total Interest Collections
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$
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422,520.06
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Collection Account Interest
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$
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41,002.17
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Reserve Account Interest
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$
|
20,746.87
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Servicer Advances
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$
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-
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Total Collections
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$
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12,427,414.22
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IV. DISTRIBUTIONS
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Total Collections
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$
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12,427,414.22
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Reserve Account Release
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$
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-
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Reserve Account Draw
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$
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-
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Total Available for Distribution
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$
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12,427,414.22
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Amount Due
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Interest Pymt Due
but unpaid from
prior periods
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Amount Paid
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1. Servicing Fee @1.00%:
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Servicing Fee Due
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1.00
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%
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$
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94,512.60
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$
|
-
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$
|
94,512.60
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94,512.60
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Collection & Reserve Account Interest
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$
|
61,749.04
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Late Fees & Other Charges
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$
|
32,821.22
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Total due to Servicer
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$
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189,082.86
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2. Class A Noteholders Interest:
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Class A-1 Notes
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$
|
-
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$
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-
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Class A-2-A Notes
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$
|
-
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$
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-
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Class A-2-B Notes
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$
|
-
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$
|
-
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Class A-3 Notes
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$
|
-
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$
|
-
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Class A-4 Notes
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$
|
8,046.34
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$
|
8,046.34
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Total Class A interest:
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$
|
8,046.34
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$
|
8,046.34
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|
8,046.34
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3. First Priority Principal Distribution:
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$
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0.00
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$
|
0.00
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|
|
0.00
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4. Class B Noteholders Interest:
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$
|
94,334.17
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$
|
94,334.17
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|
|
|
94,334.17
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5. Second Priority Principal Distribution:
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$
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0.00
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$
|
-
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|
|
0.00
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6. Class C Noteholders Interest:
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$
|
167,200.00
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$
|
167,200.00
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|
|
167,200.00
|
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|
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|
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|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
Available Funds Remaining:
|
|
|
|
$
|
11,968,750.85
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|
|
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|
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|
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|
|
|
|
|
|
|
|
|
|
7. Regular Principal Distribution Amount:
|
|
|
|
|
11,168,797.99
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|
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|
|
|
|
|
|
|
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|
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|
|
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|
|
Distributable Amount
|
|
|
|
|
|
|
Paid Amount
|
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|
|
|
|
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
Class A-4 Notes
|
|
|
$
|
2,540,950.80
|
|
|
|
|
|
|
|
|
Class A Notes Total:
|
|
|
$
|
2,540,950.80
|
|
|
|
|
|
|
$
|
2,540,950.80
|
|
|
|
|
|
|
|
|
Class B Notes Total:
|
|
|
$
|
8,627,847.20
|
|
|
|
|
|
|
$
|
8,627,847.20
|
|
|
|
|
|
|
|
|
Class C Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
Total Noteholders Principal
|
|
|
$
|
11,168,797.99
|
|
|
|
|
|
|
$
|
11,168,797.99
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
799,952.86
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Period Required Amount
|
|
|
|
$
|
5,639,835.93
|
|
|
Beginning Period Amount
|
|
|
|
$
|
5,639,835.93
|
|
|
Current Period Amortization
|
|
|
|
$
|
744,977.84
|
|
|
Ending Period Required Amount
|
|
|
|
$
|
4,894,858.10
|
|
|
Ending Period Amount
|
|
|
|
$
|
4,894,858.10
|
|
|
Next Distribution Date Required Amount
|
|
|
|
$
|
4,221,818.10
|
|
|
VI. RESERVE ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
0.50
|
%
|
|
Beginning Period Required Amount
|
|
|
$
|
6,969,878.68
|
|
|
Beginning Period Amount
|
|
|
$
|
6,969,878.68
|
|
|
Current Period Release to Collection Account
|
|
|
$
|
-
|
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
|
Ending Period Required Amount (0.50% of APB of cut-off date)
|
|
|
$
|
6,969,878.68
|
|
|
Ending Period Amount
|
|
|
$
|
6,969,878.68
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
|
Overcollateralization Amount
|
|
|
$
|
38,334,332.74
|
|
|
$
|
38,334,332.74
|
|
|
$
|
38,334,332.74
|
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
2.75
|
%
|
|
2.75
|
%
|
|
2.75
|
%
|
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
35.57
|
%
|
|
39.68
|
%
|
|
39.68
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
|
Current
|
|
|
97.87
|
%
|
|
19,008
|
|
|
|
96.14
|
%
|
$
|
97,587,157.16
|
|
|
30 - 60 Days
|
|
|
1.72
|
%
|
|
335
|
|
|
|
3.17
|
%
|
$
|
3,221,600.99
|
|
|
61 - 90 Days
|
|
|
0.36
|
%
|
|
70
|
|
|
|
0.57
|
%
|
$
|
576,301.87
|
|
|
91-120 Days
|
|
|
0.05
|
%
|
|
9
|
|
|
|
0.11
|
%
|
$
|
116,283.62
|
|
|
121 + Days
|
|
|
0.00
|
%
|
|
0
|
|
|
|
0.00
|
%
|
$
|
-
|
|
|
Total
|
|
|
19,422
|
|
|
|
|
|
|
$
|
101,501,343.64
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
|
Current Period
|
|
|
2.13
|
%
|
|
414
|
|
|
|
3.86
|
%
|
$
|
3,914,186.48
|
|
|
1st Preceding Collection Period
|
|
|
1.90
|
%
|
|
390
|
|
|
|
3.49
|
%
|
$
|
3,957,787.22
|
|
|
2nd Preceding Collection Period
|
|
|
2.10
|
%
|
|
456
|
|
|
|
3.72
|
%
|
$
|
4,717,580.34
|
|
|
3rd Preceding Collection Period
|
|
|
2.00
|
%
|
|
458
|
|
|
|
3.54
|
%
|
$
|
4,974,325.83
|
|
|
Four-Month Average
|
|
|
2.03
|
%
|
|
|
|
|
|
|
3.65
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.68
|
%
|
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
16
|
|
|
|
|
|
|
$
|
242,490.12
|
|
|
Repossession Inventory
|
|
|
42
|
|
|
|
|
|
|
$
|
624,956.70
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
|
Gross Principal of Charge-Offs
|
|
|
$
|
114,119.21
|
|
|
Recoveries
|
|
|
$
|
(143,488.50
|
)
|
|
Net Loss
|
|
|
$
|
(29,369.29
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
-0.31
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
107,458,231.56
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
|
Current Period
|
|
|
|
-0.33
|
%
|
|
1st Preceding Collection Period
|
|
|
|
0.40
|
%
|
|
2nd Preceding Collection Period
|
|
|
|
-0.12
|
%
|
|
3rd Preceding Collection Period
|
|
|
|
0.24
|
%
|
|
Four-Month Average
|
|
|
|
0.05
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
|
Gross Principal of Charge-Offs
|
|
|
14
|
|
|
|
1,548
|
|
|
$
|
28,431,641.76
|
|
|
Recoveries
|
|
|
15
|
|
|
|
1,295
|
|
|
$
|
(15,422,179.71
|
)
|
|
Net Loss
|
|
|
$
|
13,009,462.05
|
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.85
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
10
|
|
|
|
1,340
|
|
|
$
|
13,009,462.05
|
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
9,708.55
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
639,237.36
|
|
|
Number of Extensions
|
|
|
|
68
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* 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.
|