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 | % | ||||||||||||||||||||||||||
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| Total |
$600,000,000.00 | |||||||||||||||||||||||||||||||
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| 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 |
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| 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 | |||||||||||||||
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| Total |
$43,553,107.81 | $43,553,107.81 | $0.00 | $0.00 | ||||||||||||||||
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| Total Priority Principal Payments and Additional Interest Amounts |
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$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 | ||||||||||||||||||
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| Total |
$0.00 | $0.00 | $2,745,950.37 | $0.00 | $0.00 | $2,745,950.37 | ||||||||||||||||||
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| Note Balance per $1,000 of Notes |
Payment per $1,000 of Notes
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As of Prior Payment Date
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Current Payment Date
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| 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 | ||||||||||||||||||||||||
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| Total |
$1,000.00 | $4.58 | $0.00 | $4.58 | $600,000,000.00 | 1.00 | $600,000,000.00 | 1.00 | ||||||||||||||||||||||||
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| 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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