Exhibit 99.3

 

 Monthly Investor Report: Verizon Master Trust - VZMT 2023-7

 

Collection Period   Payment Date   Transaction Month    Series Status at End of Prior Payment Date
March 2026   04/20/2026   29    Revolving

 

Offered Notes   Anticipated Redemption Date     Final Maturity Date     Issuance Note Balance     SOFR:Days in the Interest Period     Note Interest Rate     SOFR Adjustment Date     SOFR30A     Total  

Class A-1a

    11/20/26       11/20/2029       $434,610,000.00         5.67%           5.67

Class A-1b

    11/20/26       11/20/2029       $100,000,000.00       31       SOFR +0.95%       04/13/2026       3.63980%       4.59

Class B

    11/20/26       11/20/2029       $40,870,000.00         5.96%           5.96

Class C

    11/20/26       11/20/2029       $24,520,000.00         4.61%           4.61
     

 

 

           

Total

        $600,000,000.00            
     

 

 

           

 

Series 2023-7 Allocation % x Group One Available Funds

     $43,553,107.81   

Amounts paid by the Cap Counterparty

     N/A   

Available Subordinated Amounts

     $0.00   

Amounts drawn on the Reserve Account

     $0.00   

Amounts released from Principal Funding Account

     $0.00   

Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption

  

Total Available Funds

     $43,553,107.81   

 

Beginning of Period Reserve Account Balance

     $6,539,509.54   

Required Reserve Amount

     $6,539,509.54   

Shortfall in Required Reserve Amount

     $0.00   

Reserve Account funds needed this period (True/False)

     FALSE   

Reserve Account draw amount required

     0.00   

Reserve Account Deposit Amount

     $0.00   

End of Period Reserve Account Balance

     $6,539,509.54   

 

Waterfall Distribution    Amount Due      Amount Paid      Shortfall      Carryover Shortfall      Remaining Available Funds  

Master Collateral Agent Fee

     $43.26        $43.26        $0.00        $0.00        $43,553,064.55  

Owner Trustee Fee

     $0.00        $0.00        $0.00        $0.00        $43,553,064.55  

Asset Representations Reviewer Fee

     $23.14        $23.14        $0.00        $0.00        $43,553,041.41  

Supplemental ARR Fee

     $92.55        $92.55        $0.00        $0.00        $43,552,948.86  

Indenture Trustee Fee

     $1,250.00        $1,250.00        $0.00        $0.00        $43,551,698.86  

Servicing Fee

     $462,063.45        $462,063.45        $0.00        $0.00        $43,089,635.41  

Class A-1a Note Interest

     $2,053,532.25        $2,053,532.25        $0.00        $0.00        $41,036,103.16  

Class A-1b Note Interest

     $395,232.78        $395,232.78        $0.00        $0.00        $40,640,870.38  

First Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00        $40,640,870.38  

Class B Note Interest

     $202,987.67        $202,987.67        $0.00        $0.00        $40,437,882.71  

Second Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00        $40,437,882.71  

Class C Note Interest

     $94,197.67        $94,197.67        $0.00        $0.00        $40,343,685.04  

Third Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Reserve Account up to Required Reserve Amount

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Regular Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Supplemental Successor Servicer Fee

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Additional Interest Amounts

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Make-Whole Payments

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Additional Fees and Expenses

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Additional Trust Expenses

     $0.00        $0.00        $0.00        $0.00        $40,343,685.04  

Class R Interest

     $40,343,685.04        $40,343,685.04        $0.00        $0.00        $0.00  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     $43,553,107.81        $43,553,107.81        $0.00        $0.00     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Priority Principal Payments and Additional Interest Amounts

 

        $0.00  

 

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 Noteholder Payments       Note Balance         PFA Account         Interest Payment         Add’l Interest         Make-Whole         Total Payment  

Class A-1a

     $0.00          $0.00          $2,053,532.25          $0.00          $0.00          $2,053,532.25  

Class A-1b

     $0.00          $0.00          $395,232.78          $0.00          $0.00          $395,232.78  

Class B

     $0.00          $0.00          $202,987.67          $0.00          $0.00          $202,987.67  

Class C

     $0.00          $0.00          $94,197.67          $0.00          $0.00          $94,197.67  
  

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

     $0.00          $0.00          $2,745,950.37          $0.00          $0.00          $2,745,950.37  
  

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

     Note Balance
per $1,000 of Notes
    

Payment per $1,000 of Notes

 

    

As of Prior Payment Date

 

    

Current Payment Date

 

 
 Noteholder Payments    Interest Payment      Make-Whole Payment      Total Payment      Balance      Note Pool Factor      Balance      Note Pool Factor  

Class A-1a

     $1,000.00        $4.73        $0.00        $4.73        $434,610,000.00        1.00        $434,610,000.00        1.00  

Class A-1b

     $1,000.00        $3.95        $0.00        $3.95        $100,000,000.00        1.00        $100,000,000.00        1.00  

Class B

     $1,000.00        $4.97        $0.00        $4.97        $40,870,000.00        1.00        $40,870,000.00        1.00  

Class C

     $1,000.00        $3.84        $0.00        $3.84        $24,520,000.00        1.00        $24,520,000.00        1.00  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     $1,000.00        $4.58        $0.00        $4.58        $600,000,000.00        1.00        $600,000,000.00        1.00  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

     Beginning Period             Add: Deposit             Ending Period          

Principal Funding Account Limit

     $300,000,000.00                 300,000,000.00      

Principal Funding Account balance

     $0.00                    $0.00                    $0.00      

 

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

 

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