03/28/2024 | Press release | Distributed by Public on 03/28/2024 08:51
Nissan Auto Receivables 2022-A Owner Trust
Servicer's Certificate
Collection Period |
29-Feb-24 | 30/360 Days | 30 | Collection Period Start | 1-Feb-24 | |||||||||||
Distribution Date |
15-Mar-24 | Actual/360 Days | 29 | Collection Period End | 29-Feb-24 | |||||||||||
Prior Month Settlement Date | 15-Feb-24 | |||||||||||||||
Current Month Settlement Date | 15-Mar-24 |
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
Pool Balance |
1,142,065,005.32 | 464,011,681.59 | 442,948,585.46 | 0.425231 | ||||||||||||||||
Yield Supplement Overcollaterization |
100,398,337.54 | 26,048,407.17 | 24,277,010.20 | |||||||||||||||||
Total Adjusted Pool Balance |
1,041,666,667.78 | 437,963,274.42 | 418,671,575.26 | |||||||||||||||||
Total Adjusted Securities |
1,041,666,667.78 | 437,963,274.42 | 418,671,575.26 | 0.401925 | ||||||||||||||||
Class A-1 Notes |
0.49597 | % | 180,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
1.32000 | % | 365,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
1.86000 | % | 365,000,000.00 | 306,296,606.64 | 287,004,907.48 | 0.786315 | ||||||||||||||
Class A-4 Notes |
2.07000 | % | 90,000,000.00 | 90,000,000.00 | 90,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 41,666,667.78 | 41,666,667.78 | 41,666,667.78 | 1.000000 | ||||||||||||||
Principal Payment |
Interest Payment |
Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
|||||||||||||||||
Class A-1 Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-2a Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-2b Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-3 Notes |
19,291,699.16 | 474,759.74 | 52.8539703 | 1.3007116 | ||||||||||||||||
Class A-4 Notes |
0.00 | 155,250.00 | - | 1.7250000 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
19,291,699.16 | 630,009.74 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
520,632.56 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
520,632.56 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
20,849,520.50 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
20,849,520.50 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
96,988.91 | |||||||||||||||||||
Total Collections |
21,467,141.97 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
34,114 | 437,963,274.42 | ||||||||||||||||||
Total Principal Payment |
19,291,699.16 | |||||||||||||||||||
33,462 | 418,671,575.26 |
Nissan Auto Receivables 2022-A Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
21,467,141.97 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
21,467,141.97 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
386,676.40 | |||
Servicing Fee Paid |
386,676.40 | |||
Servicing Fee Shortfall |
0.00 | |||
3. Interest: |
||||
Class A-1 Notes Monthly Interest |
||||
Class A-1 Notes Interest Carryover Shortfall |
0.00 | |||
Class A-1 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-1 Notes Monthly Interest Distributable Amount |
0.00 | |||
Class A-1 Notes Monthly Interest Paid |
0.00 | |||
Change in Class A-1 Notes Interest Carryover Shortfall |
0.00 | |||
Class A-2a Notes Monthly Interest |
||||
Class A-2a Notes Interest Carryover Shortfall |
0.00 | |||
Class A-2a Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-2a Notes Monthly Interest Distributable Amount |
0.00 | |||
Class A-2a Notes Monthly Interest Paid |
0.00 | |||
Change in Class A-2a Notes Interest Carryover Shortfall |
0.00 | |||
Class A-2b Notes Monthly Interest |
||||
Class A-2b Notes Interest Carryover Shortfall |
0.00 | |||
Class A-2b Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-2b Notes Monthly Interest Distributable Amount |
0.00 | |||
Class A-2b Notes Monthly Interest Paid |
0.00 | |||
Change in Class A-2b Notes Interest Carryover Shortfall |
0.00 | |||
Class A-3 Notes Monthly Interest |
||||
Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
Class A-3 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-3 Notes Monthly Interest Distributable Amount |
474,759.74 | |||
Class A-3 Notes Monthly Interest Paid |
474,759.74 | |||
Change in Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
Class A-4 Notes Monthly Interest |
||||
Class A-4 Notes Interest Carryover Shortfall |
0.00 | |||
Class A-4 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-4 Notes Monthly Interest Distributable Amount |
155,250.00 | |||
Class A-4 Notes Monthly Interest Paid |
155,250.00 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2022-A Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
630,009.74 | |||||||
Total Note Monthly Interest Paid |
630,009.74 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
20,450,455.83 | |||||||
4. Total Monthly Principal Paid on the Notes |
19,291,699.16 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
19,291,699.16 | |||||||
Change in Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
5. Total Monthly Principal Paid on the Certificates |
0.00 | |||||||
Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Certificateholders' Principal Distributable Amount |
0.00 | |||||||
Change in Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
Remaining Available Collections |
1,158,756.67 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
1,158,756.67 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
2,604,166.67 | |||||||
Required Reserve Account Amount |
2,604,166.67 | |||||||
Beginning Reserve Account Balance |
2,604,166.67 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
2,604,166.67 | |||||||
Required Reserve Account Amount for Next Period |
2,604,166.67 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
1.37 | % | ||||||
Weighted Average Remaining Maturity |
33.24 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
213,575.63 | 12 | ||||||
Principal Recoveries of Defaulted Receivables |
96,988.91 | |||||||
Monthly Net Losses |
116,586.72 | |||||||
Pool Balance at Beginning of Collection Period |
464,011,681.59 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.19 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.47 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.24 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.30 | % | ||||||
Four-Month Average Net Loss Ratio |
0.30 | % | ||||||
Cumulative Net Losses for all Periods |
1,977,688.33 |
Nissan Auto Receivables 2022-A Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
1,933,726.49 | 116 | 0.44 | % | ||||||||
61-90 Days Delinquent |
417,383.97 | 23 | 0.09 | % | ||||||||
91-120 Days Delinquent |
119,379.71 | 8 | 0.03 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
2,470,490.17 | 147 | 0.56 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.15 | % | 0.12 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.13 | % | 0.11 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.10 | % | 0.08 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.12 | % | 0.09 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.13 | % | 0.10 | % | ||||||||
60 Day Delinquent Receivables |
553,094.13 | |||||||||||
Delinquency Percentage |
0.12 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
1,124,536.40 | |||||||||||
Number of Extensions |
62 | |||||||||||
VII. STATEMENTS TO NOTEHOLDERS |
||||||||||||
1. Has there been a material change in practices with respect to charge-offs, collection and management of delinquent Receivables, and the effect of any grace period, re-aging,re-structuring, partial payments or other practices on delinquency and loss experience? |
NO | |||||||||||
2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables? |
NO | |||||||||||
3. Has there been an issuance of notes or other securities backed by the Receivables? |
NO | |||||||||||
4. Has there been a material change in the underwriting, origination or acquisition of Receivables? |
NO |