Attached files

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10-K - FORM 10-K - AFS SENSUB CORP.d697335d10k.htm
EX-35.1 - EX-35.1 - AFS SENSUB CORP.d697335dex351.htm
EX-31.1 - EX-31.1 - AFS SENSUB CORP.d697335dex311.htm
EX-34.2 - EX-34.2 - AFS SENSUB CORP.d697335dex342.htm
EX-34.1 - EX-34.1 - AFS SENSUB CORP.d697335dex341.htm
EX-33.1 - EX-33.1 - AFS SENSUB CORP.d697335dex331.htm

Exhibit 33.2

 

LOGO    

Coporate Trust Services

MAC R1204-010

9062 Old Annapolis Road

Columbia, MD 21045

 

Tel: 410 884 2000

Fax: 410 715 2380

ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA

The management (“Management”) of the Corporate Trust Services division of Wells Fargo Bank, National Association (the “Company”) is responsible for assessing the Company’s compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission. Management has determined that the servicing criteria are applicable in regards to the servicing platform for the period as follows:

Period: As of and for the twelve months ended December 31, 2013 (the “Period”).

Platform: The platform consists of asset-backed securities (“ABS”) transactions for which the Company provides trustee (except Delaware trustee or owner trustee) and/or paying agent services and for which (i) some or all of the offered securities for such ABS transactions were publicly offered pursuant to a registration statement delivered under the Securities Act of 1933, as amended, or (ii) the offered securities for such ABS transactions were privately issued pursuant to an exemption from registration and the Company has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes (a) any transactions for which the securities issued are mortgage-backed securities or mortgage-related asset-backed securities and (b) certain transactions for which the issuing entity has a fiscal year that ends on a date other than the end of the calendar year (the “ABS Platform”). Appendix A identifies the individual transactions defined by Management as constituting the ABS Platform for the Period.

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), to the extent required in the related transaction agreements, in regards to the activities performed by the Company, except for the following servicing criteria: 1122(d)(2)(iii), 1122(d)(3)(i)(B), 1122(d)(3)(i)(C), 1122(d)(3)(i)(D), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122(d)(4)(xiv), which Management has determined are not applicable to the activities the Company performed with respect to the ABS Platform for the Period; provided however that, with respect to the ABS Platform, servicing criterion 1122(d)(3)(i)(A) is applicable only to the timeframe in which the Company distributes or makes available to investors the relevant investor reports received by the Company from the entity preparing such reports; provided further that, with respect to the ABS Platform, servicing criterion 1122(d)(3)(ii) is applicable only as it relates to the timeframe of the remittances to investors; and provided further that, with respect to the ABS Platform, for servicing criteria 1122(d)(4)(i) and 1122(d)(4)(ii), the Company is only required to provide the servicer an Indenture Trustee Certificate identifying the status of the collateral certificates (the “Applicable Servicing Criteria”).

With respect to the ABS Platform and the Period, Management provides the following assessment of the Company’s compliance with respect to the Applicable Servicing Criteria:

1. Management is responsible for assessing the Company’s compliance with the Applicable Servicing Criteria.

2. Management has assessed the Company’s compliance with the Applicable Servicing Criteria. In performing this assessment, Management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

3. With respect to applicable servicing criteria 1122(d)(1)(ii) and 1122(d)(4)(xv), Management has determined that there were no activities performed during the Period with respect to the ABS Platform, because there were no occurrences of events that would require the Company to perform such activities.

4. Based on such assessment for the Period, the Company has complied, in all material respects with the Applicable Servicing Criteria.


KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to Management’s assessment of the Company’s compliance with the Applicable Servicing Criteria for the Period.

 

WELLS FARGO BANK, National Association
By:   /s/ William P. Walther, Jr.
  William P. Walther, Jr.
Title:   Senior Vice President
Dated:   February 26, 2014


Appendix A to the Company’s Assessment of Compliance with the Applicable Servicing Criteria

 

ABS Platform Transactions

 

ABS Platform Transactions

ALLY104   AMOT121
AMCAR081   AMOT122
AMCAR082   AMOT123
AMCAR091   AMOT124
AMCAR101   AMOT125
AMCAR102   AMOT131
AMCAR103   AMOT132
AMCAR104   AMOT133
AMCAR10A   APART091
AMCAR10B   BANKONESER1
AMCAR111   CFAST10A
AMCAR112   CHASE97ABOAT
AMCAR113   CHASE97ARV
AMCAR114   GREENTREE961
AMCAR115   GREENTREE962
AMCAR121   HART10B
AMCAR122   OAKWOOD2000C
AMCAR123   OAKWOOD2000D
AMCAR124   SDART101
AMCAR134   SDART102
AMOT104   SDART112
AMOT111   SDART121
AMOT113   SDART124
AMOT114   SDART133
AMOT115  

 

A-1