Attached files
Exhibit 34.2
Report of Independent Registered Public Accounting Firm
The Board of Directors
Citibank, N.A.:
We have examined management’s assertion, included in the accompanying Management’s Assertion of
Compliance, that the Agency and Trust division of Citibank, N.A. (the “Company”) complied with the
servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB
for publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of
1934, as amended) and certain privately-issued (i.e., for which transaction-level reporting is required
pursuant to contractual obligation) automobile loan or lease-backed securities, equipment loan-backed
securities and student loan-backed securities issued on or after January 1, 2006, as listed in Appendix A of
the accompanying Management’s Assertion of Compliance, for which the Company provides trustee and
paying agent services (the “Platform”), except for servicing criteria 1122(d)(1)(i)-1122(d)(1)(iv),
1122(d)(2)(i), 1122(d)(2)(iii), 1122(d)(2)(vi)-1122(d)(2)(vii), 1122(d)(3)(i) and 1122(d)(4)(i)-
1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with
respect to the Platform, as of and for the twelve months ended December 31, 2013. Management is
responsible for the Company’s compliance with the servicing criteria. Our responsibility is to express an
opinion on management’s assertion about the Company’s compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting
Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the
Company’s compliance with the servicing criteria specified above and performing such other procedures as
we considered necessary in the circumstances. Our examination included testing selected asset-backed
transactions and securities that comprise the Platform, testing selected servicing activities related to the
Platform, and determining whether the Company processed those selected transactions and performed
those selected activities in compliance with the servicing criteria. Furthermore, our procedures were
limited to the selected transactions and servicing activities performed by the Company during the period
covered by this report. Our procedures were not designed to determine whether errors may have occurred
either prior to or subsequent to our tests that may have affected the balances or amounts calculated or
reported by the Company during the period covered by this report for the selected transactions or any other
transactions. We believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Company’s compliance with the servicing
criteria.
In our opinion, management’s assertion that the Company complied with the aforementioned servicing
criteria as of and for the twelve months ended December 31, 2013 is fairly stated, in all material respects.
/s/ KPMG LLP________
KPMG LLP
Chicago, Illinois
February 28, 2014