In a recent SEC filing, Hyundai Auto Receivables Trust 2020-C submitted Form ABS-EE. This filing is significant as it provides transparency into the activities of the trust, which is likely related to securitized auto loans issued by Hyundai. Form ABS-EE is typically used by asset-backed securities issuers to report information about the asset-backed securities offering. Investors and regulators can use this information to assess the performance and risks associated with the securities.
Hyundai Auto Receivables Trust 2020-C is a trust likely established by Hyundai Motor Finance to securitize a pool of auto loans. Hyundai Motor Finance is the financial services arm of Hyundai Motor America, offering financing and leasing options to customers purchasing Hyundai vehicles. The trust’s filing indicates a securitization transaction involving a bundle of auto loans, which are then sold as securities to investors. This allows Hyundai to free up capital for additional lending while transferring the risk associated with the loans to investors.
Form ABS-EE is a filing required by the SEC under the Securities Exchange Act of 1934. It provides detailed information about the asset-backed securities offering, including the structure of the transaction, the characteristics of the underlying assets, and the rights of the investors. This filing helps ensure transparency and disclosure in the asset-backed securities market, allowing investors to make informed decisions. More information about Hyundai Auto Receivables Trust 2020-C can be found on the company’s website.
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Hyundai Auto Receivables Trust 2020-C Files Form ABS-EE with the SEC
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