# EDGAR Filing Document

**Accession Number:** 0001796705
**File Stem:** 0001193125-23-047108
**Filing Date:** 2023-2
**Character Count:** 31383
**Document Hash:** 56a241c7f6fae2e657c288f00af2bee5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-047108.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001193125-23-047108

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Verizon Owner Trust 2020-A
- **CENTRAL INDEX KEY:** 0001796705
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-224598-05
- **FILM NUMBER:** 23662216

**BUSINESS ADDRESS:**
- **STREET 1:** ONE VERIZON WAY
- **CITY:** BASKING RIDGE
- **STATE:** NJ
- **ZIP:** 07920
- **BUSINESS PHONE:** 212-395-1000

**MAIL ADDRESS:**
- **STREET 1:** ONE VERIZON WAY
- **CITY:** BASKING RIDGE
- **STATE:** NJ
- **ZIP:** 07920

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 10-D** 

**ASSET-BACKED ISSUER** 

**DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**For the monthly distribution period from January 1, 2023 to January 31, 2023** 

**Commission File Number of issuing entity: 333-224598-05** 

**Central Index Key Number of issuing entity: 0001796705** 

## VERIZON OWNER TRUST 2020-A
**(Exact name of issuing entity as specified in its charter)** 

**Commission File Number of depositor: 333-224598** 

**Central Index Key Number of depositor: 0001737286** 

## VERIZON ABS LLC
**(Exact name of depositor as specified in its charter)** 

**Central Index Key Number of sponsor (if applicable): 0001175215** 

## CELLCO PARTNERSHIP
**(Exact name of sponsor as specified in its charter)** 

**Karrie E. Schweikert** 

**<u>908-559-5672</u>**

**(Name and telephone number, including area code, of the person to contact in connection with this filing)** 

**<u>Delaware</u>**

**(State or other jurisdiction of incorporation or organization of the issuing entity)** 

**<u>22-3372889</u>**

**(I.R.S. Employer Identification No.)** 

---

| | |
|:---|:---|
| **One Verizon Way**<br> **<u>Basking Ridge, New Jersey</u>** | **<u>07920</u>**  |
| **(Address of principal executive offices of the issuing entity)** | **(Zip Code)** |

---

**<u>212-395-1000</u>**

**(Telephone number including area code)** 

**<u>Not Applicable</u>**

**(Former name, former address, if changed since last report)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Registered/reporting pursuant to (check one)** | **Registered/reporting pursuant to (check one)** | **Registered/reporting pursuant to (check one)** | |
| **Title of class** | **Section 12(b)** | **Section 12(g)** | **Section 15(d)** | **Name of<br>exchange**<br>**(If Section 12(b))** |
|  Fixed Rate Class A-1a Notes | ☐ | ☐ | ☒ | <u> </u> |
|  Floating Rate Class A-1b Notes | ☐ | ☐ | ☒ | <u> </u> |
|  Fixed Rate Class B Notes | ☐ | ☐ | ☒ | <u> </u> |
|  Fixed Rate Class C Notes | ☐ | ☐ | ☒ | <u> </u> |

---

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

------

**PART I — DISTRIBUTION INFORMATION** 

**Item 1.** **Distribution and Pool Performance Information.** <br>

Distribution and pool performance information with respect to the assets of Verizon Owner Trust 2020-A for the distribution period commencing on January 1, 2023 and ending on January 31, 2023 is set forth in the monthly investor report relating to the February 21, 2023 distribution, which is attached as Exhibit 99.1 to this Form 10-D.

There is no activity to report under Rule 15Ga-1(a) under the Securities Exchange Act of 1934 with respect to Verizon Owner Trust 2020-A for the distribution period commencing on January 1, 2023 and ending on January 31, 2023. Cellco Partnership (Central Index Key Number: 0001175215), as securitizer, most recently filed a Form ABS-15G on February 1, 2023 with respect to all asset-backed securities sponsored by it, including those securities issued by Verizon Owner Trust 2020-A.

**PART II — OTHER INFORMATION** 

**Item 10.** **Exhibits.** <br>

Exhibit 99.1 [Monthly investor report relating to the February 21, 2023 distribution.](d448040dex991.htm)

------

**SIGNATURES** 

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

Dated: February 24, 2023

---

| | | |
|:---|:---|:---|
| VERIZON OWNER TRUST 2020-A | VERIZON OWNER TRUST 2020-A | VERIZON OWNER TRUST 2020-A |
| &nbsp;&nbsp;&nbsp;&nbsp; (Issuing Entity) | &nbsp;&nbsp;&nbsp;&nbsp; (Issuing Entity) | &nbsp;&nbsp;&nbsp;&nbsp; (Issuing Entity) |
| By: | Cellco Partnership, | Cellco Partnership, |
|  | solely as servicer | solely as servicer |
| By: | /s/ Kee Chan Sin | /s/ Kee Chan Sin |
|  | Name: | Kee Chan Sin |
|  | Title: | Vice President and Assistant Treasurer |

---

## Exhibit 99.1

**Exhibit 99.1** 

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>I. Original Deal Parameters</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Initial Pool Balance | Initial Adjusted Pool<br>Balance | Initial Number of<br>Receivables | Weighted Average<br>Remaining<br>Installments at Initial<br>Cutoff Date<br>(in months) |
|  Receivables | $1917450478.10 | $1787709796.71 | 3034344 | 20.9 |

---

---

| | | | |
|:---|:---|:---|:---|
| Offered Notes | Issuance Note Balance | Note Interest Rate | Final Maturity Date |
|  Class A1-a Note | $1325700000.00 | 1.85% | 07/22/2024 |
|  Class A1-b Note | $100000000.00 | One-Month LIBOR + 0.27% | 07/22/2024 |
|  Class B Note | $98300000.00 | 1.98% | 07/22/2024 |
|  Class C Note | $76000000.00 | 2.06% | 07/22/2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $1600000000.00 |  |  |

---

------

**<u>Class A-1b Note Interest Derivation</u>**

---

| | |
|:---|:---|
|  **Interest** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LIBOR Determination Date | 01/18/2023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One-Month LIBOR for Interest Period | 4.48571% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spread over One-Month LIBOR | 0.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Note Interest Rate | 4.75571% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Note Balance at the beginning of the Interest Period | $10793116.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Days in the Interest Period | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Note Monthly Interest | $45625.72 |
|  **Interest Rate Cap** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One-Month LIBOR for Interest Period | 4.48571% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cap Rate | 3.00000% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One-Month LIBOR in excess of Cap Strike Rate | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional Amount of Cap | $37600187.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Days in the Interest Period | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cap Payment | $49655.98 |

---

------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>II. Available Funds</u>**

---

| | |
|:---|:---|
|  **Collections (Excluding Temporarily Excluded Receivables)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments (scheduled and delinquent) | $64002069.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepayments in Full | $6217277.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Supplemental Servicing Fee, Collections on Acquired Receivables, and Collections on Written Off Receivables | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Sub-total** | $**70219346.94** |
|  **Other** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition Amounts (repurchases) | $310367.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Payments | $659864.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upgrade Payments | $515082.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any amounts deposited by the Class A Certificateholder to acquire the Receivables\* | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Negative Carry Account Draw Amount, and related amounts\*\* | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve Account Draw Amount, and related amounts\*\*\* | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cap Payment | $49655.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Sub-total** | $**1534970.16** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available Funds** | $**71754317.10** |

---

*\** *Includes Optional Acquisition, Clean-up Redemption, and Optional Redemption.* 

*\*\** *Deposits into the Collection Account from the Negative Carry Account and, on the first Payment Date during the Amortization Period, the entire amount on deposit in the Negative Carry Account and the Acquisition Account.* 

*\*\*\** *Any amount in excess of the Required Reserve Amount remaining on deposit in the Reserve Account after withdrawing the Reserve Account Draw Amount from the Reserve Account.* 

------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>III. Distribution</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Amount Due | Amount Paid | Shortfall | Carryover<br>Shortfall | Remaining Available<br>Funds |
|  Indenture Trustee Fee | $1000.00 | $1000.00 | $0.00 | $0.00 | $71753317.10 |
|  Owner Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $71752067.10 |
|  Asset Representations Reviewer Fee | $416.67 | $416.67 | $0.00 | $0.00 | $71751650.43 |
|  Expenses of the Trustees and Asset Representations | $0.00 | $0.00 | $0.00 | $0.00 | $71751650.43 |
|  Reviewer |  |  |  |  |  |
|  Servicing Fee | $239895.80 | $239895.80 | $0.00 | $0.00 | $71511754.63 |
|  Class A-1a Note Accrued Note Interest | $220588.36 | $220588.36 | $0.00 | $0.00 | $71291166.27 |
|  Class A-1b Note Accrued Note Interest | $45625.72 | $45625.72 | $0.00 | $0.00 | $71245540.55 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $71245540.55 |
|  Class B Note Interest | $162195.00 | $162195.00 | $0.00 | $0.00 | $71083345.55 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $71083345.55 |
|  Class C Note Interest | $130466.67 | $130466.67 | $0.00 | $0.00 | $70952878.88 |
|  Third Priority Principal Payment | $15237110.43 | $15237110.43 | $0.00 | $0.00 | $55715768.45 |
|  Regular Priority Principal Payment | $45376350.19 | $45376350.19 | $0.00 | $0.00 | $10339418.26 |
|  Accelerated Note Balances | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Additional Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Acquisition Deposit Amount | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Negative Carry Deposit Amount | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Additional Fees and Expenses of the Trustees and Asset | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Representations Reviewer |  |  |  |  |  |
|  Additional Issuer Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $10339418.26 |
|  Equity Interest to the Certificateholders | $10339418.26 | $10339418.26 | $0.00 | $0.00 | $0.00 |
|  Total | $71754317.10 | $71754317.10 | $0.00 |  |  |

---

---

| | |
|:---|:---|
|  **Principal Payment:** |  |
|  First Priority Principal Payment | $0.0 |
|  Second Priority Principal Payment | $0.0 |
|  Third Priority Principal Payment | $15237110.43 |
|  Regular Principal Payment | $45376350.19 |
|  Accelerated Note Balances | $0.0 |
|  **Total** | $60613460.62 |

---

------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>IV. Noteholder Payments</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Note Balance<br>Payment | Interest Payment | Make Whole<br>Payment | Total Payment |
|  Class A-1a Note | $56361972.89 | $220588.36 | $0.00 | $56582561.25 |
|  Class A-1b Note | $4251487.73 | $45625.72 | $0.00 | $4297113.45 |
|  Class B Note | $0.00 | $162195.00 | $0.00 | $162195.00 |
|  Class C Note | $0.00 | $130466.67 | $0.00 | $130466.67 |
|  **Total** | $60613460.62 | $558875.75 | $0.00 | $61172336.37 |
|  | Note Balance per<br>$1,000 of Notes | Interest Payment<br>per $1,000 of Notes | Make Whole<br>Payment per $1,000<br>of Notes | Total Payment per<br>$1,000 of Notes |
|  Class A-1a Note | $65.42 | $2.54 | $0.00 | $652.46 |
|  Class A-1b Note | $65.42 | $6.97 | $0.00 | $656.89 |
|  Class B Note | $1000.00 | $1.65 | $0.00 | $1.65 |
|  Class C Note | $1000.00 | $1.72 | $0.00 | $1.72 |
|  **Total** | $167.23 | $2.09 | $0.00 | $228.63 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | As of Prior Payment Date | As of Prior Payment Date | As of Current Payment Date | As of Current Payment Date |
|  | Balance | Note Pool Factor | Balance | Note Pool Factor |
|  Class A-1a Note | $143084340.43 | 0.11 | $86722367.54 | 0.07 |
|  Class A-1b Note | $10793116.12 | 0.11 | $6541628.39 | 0.07 |
|  Class B Note | $98300000.00 | 1.00 | $98300000.00 | 1.00 |
|  Class C Note | $76000000.00 | 1.00 | $76000000.00 | 1.00 |
|  **Total** | $328177456.55 | 0.21 | $267563995.93 | 0.17 |

---

------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>V. Reconciliation of Pool Balance and Pool Information</u>**

---

| | |
|:---|:---|
|  Beginning of Period Pool Balance | $393571763.52 |
|  Less: Collections, Prepayments in Full, Credit Payments, and Upgrade Payments | $71394293.5 |
|  Less: Acquired Receivables | $319387.34 |
|  Less: Write Offs | $1703893.12 |
|  Plus: Principal Balance of Additional Receivables at Cutoff Date | $0.0 |
|  Ending of Period Pool Balance | $320154189.56 |

---

---

| | | |
|:---|:---|:---|
|  | End of Prior Period | End of Period |
|  Pool Balance | $393571763.52 | $320154189.56 |
|  Less: Principal Balance Temporarily Excluded Receivables | $0.00 | $0.00 |
|  Less: YSOC Amount | $9738481.00 | $7213843.44 |
|  Adjusted Pool Balance | $**383833282.52** | $**312940346.12** |
|  Weighted Average Remaining Term (Months) | 6.5 | 5.8 |
|  Number of Receivables Outstanding | 2166342 | 1925583 |

---

------

**<u>VI. Overcollateralization Information</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | End of Prior Period | End of Prior Period | End of Period | End of Period |
|  Adjusted Pool Balance |  | $383833282.52 |  | $312940346.12 |
|  Greater of (i) and either (ii) or (iii) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 1.00% of the Adjusted Pool Balance as of the Closing Date | 1.00% | $17877097.97 | 1.00% | $17877097.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 14.50% of the Adjusted Pool Balance (Passing Floor Credit Enhancement Composition Tests) | 14.50% | $55655825.97 | 14.50% | $45376350.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) 17.50% of the Adjusted Pool Balance (Failing Floor Credit Enhancement Composition Tests) | 17.50% | $67170824.44 | 17.50% | $54764560.57 |
|  Overcollateralization Target Amount | 14.50% | $55655825.97 | 14.50% | $45376350.19 |
|  Excess Receivables (Adjusted Pool Balance - Note Balance - Overcollateralization Target Amount) |  | $0.00 |  | $0.00 |

---

------

**<u>VII. Reconciliation of Reserve Account</u>**

---

| | |
|:---|:---|
|  Beginning of Period Reserve Account Balance | $17877097.97 |
|  Add: Reserve Deposit Amount | $0.00 |
|  Less: Reserve Account Draw Amount | $0.00 |
|  End of Period Reserve Account Balance | $17877097.97 |
|  Required Reserve Amount | $17877097.97 |

---

------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>VIII. Reconciliation of Acquisition Account</u>**

---

| | |
|:---|:---|
|  Beginning of Period Acquisition Account Balance | $0.0 |
|  Add: Acquisition Deposit Amount | $0.0 |
|  Less: Aggregate Additional Receivables Cash Transfer Amount | $0.0 |
|  Less: Amounts Deposited into Certificate Distribution Account | $0.0 |
|  End of Period Acquisition Account Balance | $0.0 |

---

------

**<u>IX. Reconciliation of Negative Carry Account</u>**

---

| | |
|:---|:---|
|  Beginning of Period Negative Carry Account Balance | $0.0 |
|  Add: Negative Carry Deposit Amount | $0.0 |
|  Less: Negative Carry Account Draw Amount | $0.0 |
|  End of Period Negative Carry Account Balance | $0.0 |
|  Required Negative Carry Amount | $0.0 |

---

------

**<u>X. Write Offs and Delinquent Receivables</u>**

---

| | | | |
|:---|:---|:---|:---|
|  | Number of<br>Receivables | Amount | % of End of Period<br>Pool Balance |
|  Written Off Receivables in Current Collection Period | 7457 | $1703893.12 | 0.53% |
|  Cumulative Gross Written Off Receivables through Preceding Collection Period | 295611 | $115175674.15 |  |
|  **Cumulative Gross Written Off Receivables for all Collection Periods** | 303068 | $116879567.27 |  |
|  **Delinquent Receivables:** |  |  |  |
|  1 - 30 Days Delinquent | 177504 | $31172446.96 | 9.74% |
|  31 - 60 Days Delinquent | 17865 | $3247820.12 | 1.01% |
|  61 - 90 Days Delinquent | 7234 | $1387629.95 | 0.43% |
|  91 - 120 Days Delinquent | 6380 | $1306692.50 | 0.41% |
|  Over 120 Days Delinquent | 5016 | $1208763.89 | 0.38% |
|  Total Delinquent Receivables at the End of Collection Period | 213999 | $38323353.42 | 11.97% |

---

---

| | |
|:---|:---|
|  **Ratio of Aggregate Principal Balance of Written Off Receivables to the Beginning of Collection Period Pool Balance:** | **Ratio of Aggregate Principal Balance of Written Off Receivables to the Beginning of Collection Period Pool Balance:** |
|  Second Preceding Collection Period | 0.48% |
|  Proceeding Collection Period | 0.45% |
|  Current Collection Period | 0.43% |
|  Sum of the three above multiplied by four | 5.46% |
|  **Ratio of Aggregate Principal Balance of Receivables 91+ Days Delinquent to the End of Collection Period Pool Balance:** | **Ratio of Aggregate Principal Balance of Receivables 91+ Days Delinquent to the End of Collection Period Pool Balance:** |
|  Second Preceding Collection Period | 0.70% |
|  Proceeding Collection Period | 0.71% |
|  Current Collection Period | 0.79% |
|  Three Month Average | 0.73% |

---

------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>XI. Monthly Amortization Event Tests</u>**

---

| | | |
|:---|:---|:---|
|  | Ratio | In Compliance? |
|  1) Failure in paying Accrued Note Interest on any Payment Date | N/A | Yes |
|  2) Failure in depositing Required Reserve Amount and Required Negative Carry Amount | N/A | Yes |
|  3) For any Payment Date, the sum of the percentages for each of the prior three Collection Periods calculated as the aggregate Principal Balance of Written Off Receivables during each such Period divided by the aggregate Pool Balance as of the first day of each such Period, multiplied by four, exceeds 10% | 5.46% | Yes |
|  4) For any Payment Date, the sum of the percentages for each of the prior three Collection Periods calculated as the aggregate Principal Balance of all Receivables that are 91 days or more Delinquent at the end of each such Period divided by the aggregate Pool Balance as of the last day of each such Period, divided by three, exceeds 2.00% | 0.73% | Yes |
|  5) The Adjusted Pool Balance is less than 50% of the aggregate Note Balance of the Notes | 117% | Yes |
|  6) On any Payment Date, the amount of Overcollateralization for the Notes does not equal the Overcollateralization Target Amount; provided, that if the Overcollateralization Target Amount is not reached on any Payment Date solely due to a change in the Overcollateralization Target Amount percentage, such an event will not constitute an "Amortization Event" unless the Overcollateralization Target Amount is not reached by the third month after the related Payment Date | N/A | Yes |
|  7) Occurrence of a Servicer Termination Event | N/A | Yes |
|  8) Occurrence of an Event of Default | N/A | Yes |

---

------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**Supplemental Report Regarding Additional Receivable Acquired by the Issuer** 

**<u>XII. Additional Receivables Acquired by the Issuer</u>**

---

| | | | |
|:---|:---|:---|:---|
|  | Acquisition Date | Number of<br>Receivables | Aggregate Principal<br>Balance |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Additional Receivables acquired in the Collection Period |  | 0 | $0.00 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Additional Receivables acquired in the Collection Period |  |  |  |
| Acquisition Tests | In Compliance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;Compliance with the Pool Composition Tests (excluding Temporarily Excluded Receivables) upon Acquisition | Yes |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compliance with the Credit Enhancement Tests upon Acquisition | Yes |  |  |

---

------

**<u>XIII. Pool Composition Tests</u>**

---

| | | | |
|:---|:---|:---|:---|
|  | In Compliance | In Compliance | In Compliance |
|  | Prior to Purchase | With Purchase | In Compliance |
|  1) The weighted average FICO<sup>®</sup> Score of the Obligors with respect to the Receivables (excluding Obligors for which FICO<sup>®</sup> Scores are not available) was at least 685 | 726 | 726 | Yes |
|  2) Receivables with Obligors for which FICO<sup>®</sup> Scores are unavailable represent no more than 5.00% of the pool balance | 3.36% | 3.36% | Yes |
|  3) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless represent no more than 28.00% of the pool balance | 14.31% | 14.31% | Yes |
|  4) Receivables with Obligors that have 7 months or more, but less than 24 months of Customer Tenure with Verizon Wireless represent no more than 15.00% of the pool balance | 6.88% | 6.88% | Yes |
|  5) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless represent at least 50.00% of the pool balance | 63.94% | 63.94% | Yes |
|  6) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless and (i) for which FICO<sup>®</sup> Scores are not available or (ii) that have FICO<sup>®</sup> Scores below 650 represent no more than 10.00% of the Pool Balance | 5.40% | 5.40% | Yes |
|  7) Receivables with Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless and (i) for which FICO<sup>®</sup> Scores are not available or (ii) that have FICO<sup>®</sup> Scores below 650 represent no more than 55.00% of the aggregate principal balance of all Receivables with Obligors that 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless | 36.58% | 36.58% | Yes |
|  8) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless and (i) for which FICO<sup>®</sup> Scores are not available or (ii) that have FICO<sup>®</sup> Scores below 650 represent no more than 30.00% of the aggregate principal balance of all Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless<br>| 17.27% | 17.27% | Yes |

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**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>XIV. Floor Credit Enhancement Composition Tests</u>**

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| | | | |
|:---|:---|:---|:---|
|  | In Compliance | In Compliance | In Compliance |
|  | Prior to Purchase | With Purchase | In Compliance |
|  1) The weighted average FICO<sup>®</sup> Score of the Obligors with respect to the Receivables (excluding Obligors for which FICO<sup>®</sup> Scores are not available) was at least 700 | 726 | 726 | Yes |
|  2) Receivables with Obligors for which FICO<sup>®</sup> Scores are unavailable represent no more than 4.50% of the pool balance | 3.36% | 3.36% | Yes |
|  3) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless represent no more than 22.00% of the pool balance | 14.31% | 14.31% | Yes |
|  4) Receivables with Obligors that have 7 months or more, but less than 24 months of Customer Tenure with Verizon Wireless represent no more than 12.00% of the pool balance | 6.88% | 6.88% | Yes |
|  5) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless represent at least 55.00% of the pool balance | 63.94% | 63.94% | Yes |
|  6) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless and (i) for which FICO<sup>®</sup> Scores are not available or (ii) that have FICO<sup>®</sup> Scores below 650 represent no more than 10.00% of the Pool Balance | 5.40% | 5.40% | Yes |
|  7) Receivables with Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless and (i) for which FICO<sup>®</sup> Scores are not available or (ii) that have FICO<sup>®</sup> Scores below 650 represent no more than 50.00% of the aggregate principal balance of all Receivables with Obligors that 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless | 36.58% | 36.58% | Yes |
|  8) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless and (i) for which FICO<sup>®</sup> Scores are not available or (ii) that have FICO<sup>®</sup> Scores below 650 represent no more than 27.50% of the aggregate principal balance of all Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless | 17.27% | 17.27% | Yes |

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**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

**<u>XV. Pool Characteristics as of Most Recent Cutoff Date</u>**

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| | | | |
|:---|:---|:---|:---|
|  |  | Prior to Purchase | With Purchase |
|  Cutoff Date |  | 31-Dec-2022 | 31-Jan-2023 |
|  Number of Receivables |  | 1925583 | 1925583 |
|  Pool Balance |  | $320154189.56 | $320154189.56 |
|  Average Monthly Payment |  | $30.62 | $30.62 |
|  Average Principal Balance |  | $166.26 | $166.26 |
|  Weighted Average Remaining Number of Payments |  | 5.8 | 5.8 |
|  Customer Tenure |  |  |  |
|  | 0-12 Months | 14.31% | 14.31% |
|  | 7-24 Months | 6.88% | 6.88% |
|  | 60+ Months | 63.94% | 63.94% |
|  Geographic Concentration |  |  |  |
|  | Largest state | CA / 9.88% | CA / 9.88% |
|  | 2nd Largest State | NY / 6.00% | NY / 6.00% |
|  | 3rd Largest State | FL / 5.93% | FL / 5.93% |
|  Weighted Average non zero FICO<sup>®</sup> Scores | Weighted Average non zero FICO<sup>®</sup> Scores | 726 | 726 |
|  Receivables with Obligors with less than 12 months of Customer Tenure with Verizon Wireless and a FICO<sup>®</sup> Score below 650 (inclusive of Obligors without a FICO<sup>®</sup> Score) | Receivables with Obligors with less than 12 months of Customer Tenure with Verizon Wireless and a FICO<sup>®</sup> Score below 650 (inclusive of Obligors without a FICO<sup>®</sup> Score) | 5.40% | 5.40% |
|  Receivables with Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless, and FICO<sup>®</sup> Scores below 650 (inclusive of Obligors without a FICO<sup>®</sup> Score) as a percentage of Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless | Receivables with Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless, and FICO<sup>®</sup> Scores below 650 (inclusive of Obligors without a FICO<sup>®</sup> Score) as a percentage of Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless | 36.58% | 36.58% |
|  Receivables with Obligors with 60 months or more of Customer Tenure with Verizon Wireless and FICO<sup>®</sup> Scores below 650 (inclusive of Obligors without a FICO<sup>®</sup> Score) as a percentage of Obligors with 60 months or more of Customer Tenure with Verizon Wireless | Receivables with Obligors with 60 months or more of Customer Tenure with Verizon Wireless and FICO<sup>®</sup> Scores below 650 (inclusive of Obligors without a FICO<sup>®</sup> Score) as a percentage of Obligors with 60 months or more of Customer Tenure with Verizon Wireless | 17.27% | 17.27% |
|  Obligor without a FICO<sup>®</sup> score |  | 3.36% | 3.36% |

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**<u>XVI. Upgrades</u>**

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| | | |
|:---|:---|:---|
|  | Current Period | To Date |
|  Number of Receivables Upgraded | 1787 | 149676 |
|  Principal Balance of Receivables Upgraded | $515082.36 | $63412951.03 |
|  Upgrade Payments | $203924.59 | $10540988.74 |
|  Failure by Marketing Agent to Make Upgrade Payment | No | No |

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**<u>XVII. Asset Representation Review</u>**

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| | |
|:---|:---|
|  Aggregate Principal Balance of 60-Day Delinquent Receivables as a Percentage of the Aggregate Balance of Receivables as of the end of the Collection Period | 1.24% |
|  Delinquency Trigger | 5.5% |

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------

**Verizon 2020-A** 

**Monthly Investor Report** 

<u> Collection Period Payment Date Report Month </u>   <u> January 2023 02/21/2023 36 </u>

On and as of the Payment Date to which this Monthly Investor Report related, the Servicer hereby certifies that the information in the Monthly Investor Report is accurate in all material respects.

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| | |
|:---|:---|
| **Cellco Partnership, as Servicer** | **Cellco Partnership, as Servicer** |
| **Dated:** February 15, 2023 | **Dated:** February 15, 2023 |
| By: | /s/ Kee Chan Sin |
| **Name: Kee Chan Sin** | **Name: Kee Chan Sin** |
| **Title: Vice President and Assistant Treasurer** | **Title: Vice President and Assistant Treasurer** |

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