Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Hyundai Auto Receivables Trust 2009-A | v178892_10-k.htm |
| EX-35.1 - EXHIBIT 35.1 - Hyundai Auto Receivables Trust 2009-A | v178892_ex35-1.htm |
| EX-31.1 - EXHIBIT 31.1 - Hyundai Auto Receivables Trust 2009-A | v178892_ex31-1.htm |
| EX-33.2 - EXHIBIT 33.2 - Hyundai Auto Receivables Trust 2009-A | v178892_ex33-2.htm |
| EX-34.1 - EXHIBIT 34.1 - Hyundai Auto Receivables Trust 2009-A | v178892_ex34-1.htm |
| EX-34.2 - EXHIBIT 34.2 - Hyundai Auto Receivables Trust 2009-A | v178892_ex34-2.htm |
Exhibit
33.1
Management’s
Assessment on Compliance with Regulation AB Criteria
Management
of Hyundai Capital America (“the Company”) is responsible for
assessing compliance with the applicable servicing criteria set forth in Item
1122(d) of Regulation AB of the Securities and Exchange Commission relating to
the servicing of auto receivable backed security transactions serviced by the
Company and issued on or after January 1, 2006 (the “Platform”), except for the
criteria set forth in Items 1122(d)(1)(iii)-(iv), 1122(d)(2)(iv),
1122(d)(3)(iii)-(iv), 1122(d)(4)(ix)-(xiii), and 1122(d)(4)(xv), which the
Company has determined are not applicable to the activities it performs with
respect to the Platform (the “Applicable Servicing Criteria”) as of and for the
year ended December 31, 2009 (“the Reporting Period”). With respect
to Applicable Servicing Criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), there were
no activities performed during the year ended December 31, 2009 with respect to
the Platform, because there were no occurrences of events that would require the
Company to perform activities.
With
respect to servicing criteria 1122(d)(2)(i) and 1122(d)(4)(iv), management has
engaged a vendor to perform specific, limited or scripted activities required by
these servicing criteria. The Company’s management has determined that this
vendor is not considered a “servicer” as defined in Item 1101(j) of Regulation
AB, and the Company’s management has elected to take responsibility for
assessing compliance with the servicing criteria applicable to the vendor as
permitted by Interpretation 17.06 of the SEC Division of Corporation Finance
Manual of Publicly Available Telephone Interpretations (“Interpretation 17.06”).
Management has policies and procedures in place designed to provide reasonable
assurance that the vendor’s activities comply in all material respects with the
servicing criteria applicable to the vendor. The Company’s management is solely
responsible for determining that it meets the SEC requirements to apply
Interpretation 17.06 for the vendor and related criteria.
The
Company’s management has assessed the Company’s compliance with the applicable
servicing criteria as of and for the year ended December 31, 2009. In making
this assessment, management used the criteria set forth by the Securities and
Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.
Based on
such assessment, management believes that, as of and for the year ended December
31, 2009, the Company has complied in all material respects with the servicing
criteria set forth in Item 1122(d) of Regulation AB of the Securities and
Exchange Commission relating to the servicing of the Platform.
KPMG LLP,
an independent registered public accounting firm, has issued an attestation
report with respect to management’s assessment of compliance with the applicable
servicing criteria as of and for the year ended December 31, 2009.
/s/ MIN SOK RANDY PARK
Min Sok
Randy Park
Vice
President, Corporate Planning and Finance
Date: March
23, 2010