# EDGAR Filing Document

**Accession Number:** 0001968583
**File Stem:** 0001104659-23-037065
**Filing Date:** 2023-3
**Character Count:** 22920
**Document Hash:** 7a1bf9265212f504f4a92d9c0bb03656
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-037065.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001104659-23-037065

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: Y

**ABS ASSET CLASS**: Auto loans

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HYUNDAI ABS FUNDING LLC
- **CENTRAL INDEX KEY:** 0001260125
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 330978455
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00295
- **FILM NUMBER:** 23764167

**BUSINESS ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612
- **BUSINESS PHONE:** 949-732-2697

**MAIL ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYUNDAI ABS FUNDING CORP
- **DATE OF NAME CHANGE:** 20030815
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HYUNDAI ABS FUNDING LLC
- **CENTRAL INDEX KEY:** 0001260125
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 330978455
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 333-261719

**BUSINESS ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612
- **BUSINESS PHONE:** 949-732-2697

**MAIL ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYUNDAI ABS FUNDING CORP
- **DATE OF NAME CHANGE:** 20030815
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HYUNDAI ABS FUNDING LLC
- **CENTRAL INDEX KEY:** 0001260125
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 330978455
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00295

**BUSINESS ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612
- **BUSINESS PHONE:** 949-732-2697

**MAIL ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYUNDAI ABS FUNDING CORP
- **DATE OF NAME CHANGE:** 20030815
**ISSUING ENTITY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hyundai Auto Receivables Trust 2023-A
- **CENTRAL INDEX KEY:** 0001968583
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612
- **BUSINESS PHONE:** 949-732-2697

**MAIL ADDRESS:**
- **STREET 1:** 3161 MICHELSON DRIVE
- **STREET 2:** SUITE 1900
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612

**UNITED STATES**<br> **SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM ABS-15G<br> ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

◻ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________ to _________

**(Exact name of securitizer as specified in its charter)**

---

| |
|:---|
| Date of Report (Date of earliest event reported) |
| Commission File Number of securitizer: |
| Central Index Key Number of securitizer: |

---

  <br> Name and telephone number, including area code, of the person to <br> contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ◻

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ◻

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ◻

⌧ Rule 15Ga-2 under the Exchange
 Act (17 CFR 240.15Ga-2)

**<u>Hyundai Auto Receivables Trust 2023-A</u>**

**(Exact name of issuing entity as specified in its charter)**

Central Index Key Number of depositor: <u>0001260125</u> <br> Central Index Key Number of issuing entity (if applicable): <u>0001968583</u> <br> Central Index Key Number of underwriter (if applicable): <u>Not applicable</u>

<u>Weni Gieseking, (949) 732-2974</u> <br> Name and telephone number, including area code, of the person to <br> contact in connection with this filing.

**PART II -** **FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Issuer**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 27, 2023

---

| | |
|:---|:---|
| **Hyundai ABS Funding, LLC** | **Hyundai ABS Funding, LLC** |
| (Depositor) | (Depositor) |
| By: | /s/ Charley Changmin Yoon |
| Name: | Charley Changmin Yoon |
| Title: | President and Secretary and senior officer in charge of securitization |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| [**Exhibit 99.1**](tm239078d1_ex99-1.htm) | [Independent Accountants' Report on Applying Agreed-Upon Procedures, dated March 8, 2023](tm239078d1_ex99-1.htm) |

---

## Exhibit 99.1

**Exhibit 99.1**

**Independent Accountants' Agreed-Upon Procedures Report**

Hyundai Capital America (the "Company")

Re: Hyundai Auto Receivables Trust 2023-A – Data File and XML File Procedures

We have performed the procedures described below on the specified attributes in (i) an electronic data file entitled "FINAL_POOL_TAPE_HART_2023_A_REGABII_UPSIZE.xlsx" provided by the Company on February 22, 2023, containing information on 84,779 automobile, light-duty truck, and minivan retail installment sale contract receivables (the "Receivables") as of February 21, 2023 (the "Data File")*,* and (ii) an electronic data file entitled "hca-autoloanex102_03032023_1_Upsize.xml" provided by the Company on March 6, 2023, containing information on the Receivables as of February 28, 2023 (the "XML File"), which we were informed are intended to be included as collateral in the offering by Hyundai Auto Receivables Trust 2023-A. The Company is responsible for the specified attributes identified by the Company in the Data File and XML File.

The Company, and other third parties who execute an agreement with KPMG LLP, together the "Specified Parties," have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File and XML File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

· The term
 "compared" means compared to the information shown and found it to be in agreement,
 unless otherwise stated. Such compared information was deemed to be in agreement if differences
 were within the reporting threshold.

· The term
 "recomputed" means recalculated and compared the result to the information shown
 and found it to be in agreement, unless otherwise stated. Such recomputed information was
 deemed to be in agreement if differences were within the reporting threshold.

· The term
 "reporting threshold" means that dollar amounts and percentages were within $1.00
 and 0.1%, respectively.

· The term
 "Instructions" means the instructions provided by the Company pertaining to a
 procedure, attribute, or methodology, as described in the procedures section below.

· The term
 "Title Document" means a scanned image of one of the title documents listed in
 Exhibit A, which the Company informed us are acceptable forms of Title Document.

![](tm239078d1_ex99-1img02.jpg)

![](tm239078d1_ex99-1img03.jpg)

· The term
 "Acceptable Company Names" means the names listed in Exhibit A, which the Company
 informed us are acceptable names for the Company that can appear in the Title Documents as
 the Lien Holder, Owner, or Security Interest Holder/Lessor.

· The term
 "KSIOP System" means the Company's electronic loan system used to service
 the Receivables.

· The term
 "Vehicle Model Mapping" means an electronic data file entitled "HART 2023-A
 Vehicle_Map.xlsx" provided by the Company on February 22, 2023, containing the mapping
 of specific vehicle models to general vehicle models and vehicle types.

· The term
 "Sources" means the following information provided by the Company for each of
 the Sample Receivables (defined below): Installment Sale Contract, Modification Agreement,
 Extension Agreement, Notice of Change, Title Document, Credit Application, DealerTrack Application,
 HCA Credit Decision, screenshots from the KSIOP System, and the Vehicle Model Mapping. We
 make no representation regarding the validity, enforceability, or authenticity of these documents.

· The term
 "Provided Information" means the Sources, Acceptable Company Names, and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

A. We
 randomly selected a sample of 150 Receivables from the Data File (the "Sample Receivables").
 A listing of the Sample Receivables was provided to the Company. For purposes of this procedure,
 the Company did not inform us of the basis they used to determine the number of Receivables
 we were instructed to randomly select from the Data File.

B. For
 each Sample Receivable, we compared or recomputed the specified Data File attributes listed
 below to or using the corresponding information included in the Sources, utilizing the Instructions,
 as applicable. The Specified Parties indicated that the absence of any of the information
 in the Sources or the inability to agree the indicated information from the Data File to
 the Sources for each of the attributes identified, utilizing the Instructions, as applicable,
 constituted an exception. The Sources are listed in the order of priority.

---

| | |
|:---|:---|
| **<u>Attribute</u>** | **<u>Sources / Instructions</u>** |
| Original Amount Financed | Installment Sale Contract, Notice of Change (if any), KSIOP System, Modification Agreement |
| Annual Percentage Rate ("APR") | Installment Sale Contract, Notice of Change (if any), KSIOP System |
| Scheduled Monthly Payment Amount | Installment Sale Contract, Notice of Change (if any), KSIOP System, Modification Agreement |
| Contract Date | Installment Sale Contract, Modification Agreement |
| First Payment Date | Installment Sale Contract, Extension Agreement (if any), KSIOP System, Modification Agreement |
| Original Term (number of months) | Installment Sale Contract, KSIOP System, Modification Agreement |
| Maturity Date | Recompute as the Original Term (in numbers of months) plus the First Payment Date, adjusted for any payment extensions or due date changes appearing on the Extension Agreement (if any).<br>In the event the information was not in agreement, compare the Maturity Date to the corresponding information stated in the "General Information" screen in the KSIOP System.<br>|

---

![](tm239078d1_ex99-1img03.jpg)

---

| | |
|:---|:---|
| **<u>Attribute</u>** | **<u>Sources / Instructions</u>** |
| Dealer's State | Installment Sale Contract |
| Vehicle Make | Installment Sale Contract.<br>Consider the information to be in agreement if:<br>- The Vehicle Make stated in the Data File was "Other" and in the Installment Sale Contract was not Hyundai or Kia.<br>- The Vehicle Make stated in the Data File was "Genesis" and the Installment Sale Contract stated the Vehicle Model Year was 2017 or later, and either (1) the Vehicle Make was "Hyundai" and the Vehicle Model was "Genesis," or (2) the Vehicle Model was "G80" or "G90."<br>|
| Vehicle Model | Installment Sale Contract, KSIOP System and the Vehicle Model Mapping.<br>Consider the information to be in agreement if the Vehicle Model stated in the Data File was "G80" or "G90" and the Installment Sale Contract stated the Vehicle Model Year was 2017 or later, and (i) the Vehicle Make was "Hyundai," and (ii) the Vehicle Model was "Genesis."<br>|
| "New" or "Used" | KSIOP System |
| Model Year | Installment Sale Contract |
| Obligor's Zip Code | Installment Sale Contract, KSIOP System |
| Obligor's State | Installment Sale Contract, KSIOP System |
| Co-Obligor Present Indicator | Installment Sale Contract, KSIOP System |
| Remaining Principal Balance | KSIOP System (without consideration of financial activities subsequent to the Cutoff Date) |
| FICO Score | KSIOP System |

---

C. For each Sample
 Receivable, we observed the presence of the following in the Sources:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Title
 Document. We were instructed by the Company to observe that one of the Acceptable Company
 Names appeared in the Title Document as the Lien Holder, Owner, or Security Interest Holder/Lessor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Truth-in-Lending
 Disclosure (in the Installment Sale Contract).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Signed
 Credit Application. We were instructed by the Company to consider a signed Credit Application,
 approved DealerTrack Application, approved HCA Credit Decision, or signed Purchaser's
 Statement were acceptable forms of credit application. We make no representation regarding
 the authenticity of the signature(s) on the Credit Application.

![](tm239078d1_ex99-1img03.jpg)

D. For
 each Sample Receivable, we compared the specified XML File attributes listed below to the
 corresponding information included in the Data File or Sources, utilizing the Instructions,
 as applicable. The Specified Parties indicated that the absence of any of the information
 in the Sources or the inability to agree the indicated information from the XML File to the
 Data File or Sources for each of the attributes identified, utilizing the Instructions, as
 applicable, constituted an exception. The Data File fields and Sources are listed in the
 order of priority.

---

| | |
|:---|:---|
| **<u>Attribute</u>** | **<u>Data File / Sources / Instructions</u>** |
| Reporting Period Scheduled Payment Amount | Installment Sale Contract, Notice of Change (if any), KSIOP System.<br>Consider the information to be in agreement if the Reporting Period Scheduled Payment Amount in the XML File was blank and the KSIOP System indicated the Sample Receivable was in "Pending" status as of close of business on February 28, 2023.<br>|
| Model Year | Data File, Installment Sale Contract, KSIOP System |
| Obligor's State | Data File, Installment Sale Contract, Notice of Change (if any), KSIOP System |
| Co-Obligor Present Indicator | Data File, Installment Sale Contract, Notice of Change (if any), KSIOP System |

---

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File and XML File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File, XML File, and Provided Information , without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding, (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Receivables, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Receivables to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Receivables being securitized, (iii) the compliance of the originator of the Receivables with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Receivables that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

![](tm239078d1_ex99-1img03.jpg)

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California<br> March 8, 2023

**Exhibit A**

**<u>Title Documents</u>**

---

| | |
|:---|:---|
| Application for a Certificate of Title for a Motor Vehicle<br> Application for Certificate of Ownership<br> Application for Certificate of Title With/Without Registration<br> Application for Dealer Assignment<br> Application for Registration<br> Application for Registration of a New Vehicle<br> Application for Registration of New Vehicle<br> Application for Title and License<br> Application for Title and Registration<br> Application for Title and/or Registration<br> Application for Title with/without Registration<br> Application for Vehicle Transaction(s)<br> Application of Noting of Lien, Duplicate Title,<br> Application To Title/Register A Motor Vehicle Multipurpose Use<br> Certificate of Title<br> Certificate of Title of a Vehicle<br> Certificate of Title to a Vehicle<br> Dealer's Notice of Lien<br> Direct Lien Filing<br> Electronic Dealer, Rebuilder or Lessor's Report of Sale or Lease | Electronic Title<br> Form MV-1 Motor Vehicle Title Application<br> Guarantee Of Title<br> Guarantee of Title Statement<br> Information from the Company's title information system<br> MV-1 Form<br> Notice of Lien Application for Title<br> Notice of Recorded Lien<br> State Notice of Security Interest Filing<br> Title & License Plate Application<br> Title Application<br> Title Application for Dealer Sales<br> Vehicle Application<br> Vehicle Application for (State) Title<br> Vehicle Dealer Temporary Permit Certificate of<br> Fact for Address Verification<br> Vehicle Registration/Title Application<br> Vehicle Registration/Title Application for Dealer Sales<br> Vehicle Title Application |

---

**<u>Acceptable Company Names</u>**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Genesis Finance | Hyundai Finance Co |
| &nbsp;&nbsp;&nbsp;HCA DBA Kia Motors Finance | Hyundai Financial |
| &nbsp;&nbsp;&nbsp;HMFC | Hyundai Lease Titling |
| &nbsp;&nbsp;&nbsp;HYUN CPTL AMCA DBA KIA MOT | Hyundai Lease Titling Trust |
| &nbsp;&nbsp;&nbsp;HYUNDAI CAPITAL AM DBA HYUNDAI MOTOR FINANCE | Hyundai Motor Credit |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America | Hyundai Motor Fin |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America BA KMF | HYUNDAI MOTOR FINANC |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA | Hyundai Motor Finance |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA Genesis Finance | Hyundai Motor Finance Co |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA HMF | Hyundai Motor Finance Company |
| &nbsp;&nbsp;&nbsp;HYUNDAI CAPITAL AMERICA DBA HYUNDAI MOTOR FI | Hyundai Motors |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA Hyundai Motor Fin | Hyundai Motors Fin |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA Hyundai Motor Finance | Hyundai Motors Finance |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA Hyundai MTR FIN | Kia Finance America |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA Kia Mot | Kia Motor(s) Finance Co |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA Kia Motor Finance | Kia Motors America |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA KIA Motors | Kia Motors Fin |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA Kia Motors F | Kia Motors Finance |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America dba Kia Motors Finance | Kia Motors Finance |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America dba KMF | Kia Motors Finance Co. |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America DBA: HMF | Kia Motors Finance Company |
| &nbsp;&nbsp;&nbsp;Hyundai Capital America/DBA HMFC | Kia Motors Fn |

---