Layer-0 connectivity //

The Infrastructure
Layer for Private Markets

Lattice empowers capital market participants to make data-driven investment decisions across the private markets universe and provides an institutional grade fund lifecycle management platform.

trusted by

Apollo
Barclays
Blue Owl
Oaktree
J.P. Morgan
CalPERS
AutoMercedes-Benz Auto Receivables Trust 2024-1

Deal Overview

ABSPRIME
DEALIDMBART20241
COLLATERALAuto loans
CUTOFF DATE11/30/2023
BALANCE$1,141,411,508
FACTOR0.7821
SPONSORMercedes-Benz Auto Receivables Trust 2024-1
UNDERWRITERSCiti, MUFG, SocGen...

Collateral Summary

DQ Status:
93%
LOAN COUNT26,340
GWAC7.82
FICO752.8
PTI9.33
WA TERM54.71
WALA16.61

Capital Structure

Liability Breakdown

$1.06B COLLATERAL
A-1
A-2A
A-2B
A-3

Cumulative Defaults

Net Liquidation Proceeds

2024
Chart
JanMarMayJulSepNov

Pricing Assumptions

Prepayment
1.30%ABS
Default
0.00%CDR
Recovery Rate
100%%

Credit Enhancements

Reserve Fund
$3.3M
Overcollateralization
12.50%
Excess Spread
3.45%
Securitized Deals
+_
Loan Collateral Tracked
B+
Public ABS Coverage
%