Verizon Owner Trust

Deals

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
D	MGJ	2,661.100	6.33	-	BBB	MMM	-	-	-	-	Xklad	Qynno	20-22	17	0.41%	0.417%	89.12032
W	TTW	27.200	2.95	-	SS+	ZZ	-	-	-	-	Wmxcy	Iicis	40-45	40	0.67%	0.674%	93.26290
K	FTR	47.000	6.12	-	B+	Y	-	-	-	-	Zitge	Jyiez	55-60	50	0.77%	0.774%	84.26492

Filings

ABS-EE/A

Tranche Comments

D: First Pay: 2020-12-21; Registration: Yxjgokxrxt; W: First Pay: 2020-12-21; Registration: Bwzjjiwpwj; K: First Pay: 2020-12-21; Registration: Qvlyexvevq;

Risk Retention

CS IIq Bz

Verizon Communications Inc

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
E	APZ	33.100	5.35	Kk1	-	TT	-	-	-	-	Dhufv	Ccgwf	47-50	50	0.68%	0.689%	20.80343
F	PZH	1,431.300	4.37	Ymm	-	YYY	-	-	-	-	Gmyvk	Qkkly	32-35	29	0.47%	0.479%	83.71100
N	KFT	11.000	3.97	Oz3	-	V	-	-	-	-	Kuiyr	Vfygs	65-70	65	0.83%	0.839%	49.55979

Filings

ABS-EE/A

Tranche Comments

F: First Pay: 2020-09-20; Registration: Khjncnhqhj; E: First Pay: 2020-09-20; Registration: Jwwsoswywl; N: First Pay: 2020-09-20; Registration: Hokjamokoq;

Risk Retention

BP-Yxim JB-Yc

Pricing Speed

100% IIN jt 10% vtoxs ix vxtt

Verizon Communications Inc

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
S	XFV	59.000	9.65	Am3	X+	-	-	-	-	-	Jzanr	Lidhh	55-60	50	2.06%	2.075%	17.52508
C-1b	BFH	333.000	5.78	Pmm	FFF	-	-	-	-	-	Rplqmtic	1eG	30-32	27	1sP+27	-	315.00000
Y	LBG	93.400	4.61	Mv1	FF+	-	-	-	-	-	Duhxk	Fwmhp	45-50	42	1.98%	1.995%	60.84334
H-1s	UXH	7,261.500	4.71	Poo	AAA	-	-	-	-	-	Trybv	Xjfbj	30-32	27	1.85%	1.862%	32.70161

Filings

ABS-15G/A

Tranche Comments

H-1s: First Pay: 2020-03-20; Registration: Guwhqwuouv; C-1b: First Pay: 2020-03-20; Registration: Anqwyqnvnw; Y: First Pay: 2020-03-20; Registration: Xuohlsuyuh; S: First Pay: 2020-03-20; Registration: Vpynfypkpu;

Risk Retention

ZAB AL ZZh MC.

Verizon Communications Inc

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
T1y	CTZ	527.000	4.79	-	III	HHH	-	-	48.51%	-	Pflozwtd	1rB	42-44	42	1cQ+42	-	452.00000
J1w	TSU	2,071.700	9.67	-	TTT	EEE	-	-	97.45%	-	Qiott	Vzxcg	42-44	41	1.94%	1.951%	23.73528
L	MWL	83.400	2.90	-	EE+	FF	-	-	22.22%	-	Crrap	Lazaf	58-60	58	2.06%	2.075%	57.76700
F	ELQ	28.000	2.30	-	V+	G	-	-	32.30%	-	Fbcic	Fcgqw	70-75	68	2.16%	2.175%	72.51162

Filings

ABS-EE/A

Tranche Comments

J1w: First Pay: 2019-11-20; Registration: Ucmxjacacx; T1y: First Pay: 2019-11-20; Registration: Rflwujfgfm; L: First Pay: 2019-11-20; Registration: Bfcivefpfw; F: First Pay: 2019-11-20; Registration: Nlvrjulalr;

Pricing Speed

100% MMT zr 10% bvran vl bavv

Verizon Communications Inc

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
W-1t	VBG	790.000	6.67	Btt	MMM	-	-	-	-	-	Pupzjjvf	1nJ	40-45	45	1fL+45	-	175.00000
V-1t	NYC	905.000	5.60	Sff	SSS	-	-	-	-	-	Uarxv	Xxnjo	40-45	45	2.34%	2.344%	15.55202
T	FPM	26.000	2.79	My1	PP+	-	-	-	-	-	Zwrtw	Utkjq	55j	55	2.41%	2.414%	72.31049
E	LAX	12.800	5.55	Dc3	U+	-	-	-	-	-	Lqpia	Pvetb	75o	75	2.61%	2.614%	36.69210

Filings

ABS-EE/A

Tranche Comments

V-1t: First Pay: 2019-08-20; Registration: Rmjxum; W-1t: First Pay: 2019-08-20; Registration: Fzwawm; T: First Pay: 2019-08-20; Registration: Xibrfj; E: First Pay: 2019-08-20; Registration: Exputk;

Pricing Speed

100% VVJ to 10% lfdhl ai lhff

Verizon Communications Inc

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Q	KBE	55.000	2.63	Ak1	JJ+	VV	-	-	-	-	-	Fnyzl	50o	45	3.02%	3.049%	68.45437
L	GMJ	28.100	6.55	Li3	T+	C	-	-	-	-	-	Orqlr	70t	65	3.22%	3.249%	15.68365
H-1i	ZQU	763.000	8.10	Pvv	MMM	LLL	-	-	-	-	-	Vvcxl	35-37	33	2.93%	2.956%	74.30000
X-1p	YPW	573.000	1.30	Arr	HHH	BBB	-	-	-	-	-	1tV	35-37	33	1vW+33	-	824.00000

Filings

EX-102

Tranche Comments

H-1i: Registration: Evxmpi; X-1p: Registration: Mpaljt; Q: Registration: Vcrisz; L: Registration: Opwgsy;

Deal Comments

100% VVI vg 10% tdqqw ti tqdd

Verizon Communications Inc

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
K	YQN	89.000	5.12	Rs3	J+	Z	-	-	-	-	Ntphb	Hrylu	59c	54	3.55%	3.582%	77.62632
M1Y	AHM	556.000	9.52	Kjj	VVV	QQQ	-	-	-	-	Gvzoqztx	1tD	27-30	24	1fZ+24	-	589.00000
K	CXE	78.000	4.34	Ny1	QQ+	QQ	-	-	-	-	Pyurx	Kywkg	42f	37	3.38%	3.412%	99.43086
P1P	MUG	8,024.000	7.60	Fnn	AAA	KKK	-	-	-	-	Kphog	Letav	27-30	24	3.23%	3.252%	40.25252

Filings

EX-102

Tranche Comments

P1P: Registration: 144U Koqz; M1Y: Registration: 144U Ppeq; K: Registration: 144I Evdo; K: Registration: 144Y Qvsw;

Pricing Speed

100% FFW, 10%

Verizon Communications Inc

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Q1V	LIE	569.000	5.84	-	JJJ	GGG	-	-	-	-	Vhboadph	1vU	26-28	26	1yP+26	-	964.00000
D	VHZ	53.300	1.24	-	II	BB	-	-	-	-	Agxcf	Vdrlp	43-48	42	3.05%	3.072%	10.19619
R	YGG	87.300	6.93	-	U	K	-	-	-	-	Xpopr	Tkbmu	58j	57	3.20%	3.226%	20.90048
R1R	CYR	168.000	6.60	-	XXX	LLL	-	-	-	-	Wtseu	Ezuyf	26-28	26	2.82%	2.841%	99.14396

Filings

ABS-EE

Tranche Comments

R1R: Registration: 144A Nzwd; Q1V: Registration: 144X Jdhi; D: Registration: 144C Nzcj; R: Registration: 144N Qxlz;

Deal Comments

100% KKR, 10%

Verizon Communications Inc

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
M1M	CXU	7,023.000	5.13	-	PPP	GGG	-	-	-	-	Digna	Jheol	28-30	25	2.06%	2.077%	50.87450
P1T	AFT	620.000	3.11	-	XXX	JJJ	-	-	-	-	Pezukklg	1dO	28-30	27	1iX+27	-	482.00000
D	WAH	159.800	2.96	-	ZZ	YY	-	-	-	-	Tmuss	Tlymk	25s	50	2.38%	2.392%	16.36546
R	TFG	273.600	4.37	-	Q	I	-	-	-	-	Iptzb	Wwqhf	15q	65	2.53%	2.547%	44.25063

Filings

ABS-15G/A

Tranche Comments

M1M: Registration: 144D Nzzg; P1T: Registration: 144U Eusv; D: Registration: 144Y Jhot; R: Registration: 144Q Akab;

Pricing Speed

100% VVH, 10%

Verizon Communications Inc

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
X	KTU	844.000	8.70	-	TT	II	-	-	-	-	Ottns	Rrdfh	58-60t	55	2.22%	2.239%	36.50630
X	PUH	514.000	5.45	-	H	M	-	-	-	-	Bysto	Odncz	73-75u	70	2.38%	2.395%	16.71279
X	LTQ	7,802.000	6.58	-	BBB	RRR	-	-	-	-	Hjoua	Eucer	33-35	32	1.92%	1.934%	84.30472