03/28/2024 | Press release | Distributed by Public on 03/28/2024 09:04
Nissan Auto Receivables 2023-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 |
1,460,472,153.77 | 1,010,650,317.10 | 972,033,994.14 | 0.746522 | ||||||||||||||||
Yield Supplement Overcollaterization |
158,388,819.56 | 92,450,651.55 | 87,311,902.12 | |||||||||||||||||
Total Adjusted Pool Balance |
1,302,083,334.21 | 918,199,665.55 | 884,722,092.02 | |||||||||||||||||
Total Adjusted Securities |
1,302,083,334.21 | 918,199,665.55 | 884,722,092.02 | 0.679467 | ||||||||||||||||
Class A-1 Notes |
5.42400 | % | 300,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
5.34000 | % | 227,500,000.00 | 185,326,442.83 | 168,495,176.58 | 0.740638 | ||||||||||||||
Class A-2b Notes |
5.97471 | % | 225,000,000.00 | 183,289,888.51 | 166,643,581.23 | 0.740638 | ||||||||||||||
Class A-3 Notes |
4.91000 | % | 402,500,000.00 | 402,500,000.00 | 402,500,000.00 | 1.000000 | ||||||||||||||
Class A-4 Notes |
4.85000 | % | 95,000,000.00 | 95,000,000.00 | 95,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,083,334.21 | 52,083,334.21 | 52,083,334.21 | 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 |
16,831,266.25 | 824,702.67 | 73.9835879 | 3.6250667 | ||||||||||||||||
Class A-2b Notes |
16,646,307.28 | 882,167.05 | 73.9835879 | 3.9207424 | ||||||||||||||||
Class A-3 Notes |
0.00 | 1,646,895.83 | - | 4.0916667 | ||||||||||||||||
Class A-4 Notes |
0.00 | 383,958.33 | - | 4.0416666 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
33,477,573.53 | 3,737,723.88 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
2,779,044.67 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
2,779,044.67 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
38,146,978.59 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
38,146,978.59 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
198,321.55 | |||||||||||||||||||
Total Collections |
41,124,344.81 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
60,317 | 918,199,665.55 | ||||||||||||||||||
Total Principal Payment |
33,477,573.53 | |||||||||||||||||||
59,070 | 884,722,092.02 |
Nissan Auto Receivables 2023-A Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
41,124,344.81 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
41,124,344.81 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
842,208.60 | |||
Servicing Fee Paid |
842,208.60 | |||
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 |
824,702.67 | |||
Class A-2a Notes Monthly Interest Paid |
824,702.67 | |||
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 |
882,167.05 | |||
Class A-2b Notes Monthly Interest Paid |
882,167.05 | |||
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 |
1,646,895.83 | |||
Class A-3 Notes Monthly Interest Paid |
1,646,895.83 | |||
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 |
383,958.33 | |||
Class A-4 Notes Monthly Interest Paid |
383,958.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2023-A Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
3,737,723.88 | |||||||
Total Note Monthly Interest Paid |
3,737,723.88 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
36,544,412.33 | |||||||
4. Total Monthly Principal Paid on the Notes |
33,477,573.53 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
33,477,573.53 | |||||||
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 |
3,066,838.80 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
3,066,838.80 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
3,255,208.34 | |||||||
Required Reserve Account Amount |
3,255,208.34 | |||||||
Beginning Reserve Account Balance |
3,255,208.34 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,255,208.34 | |||||||
Required Reserve Account Amount for Next Period |
3,255,208.34 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
3.36 | % | ||||||
Weighted Average Remaining Maturity |
43.11 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
469,344.37 | 21 | ||||||
Principal Recoveries of Defaulted Receivables |
198,321.55 | |||||||
Monthly Net Losses |
271,022.82 | |||||||
Pool Balance at Beginning of Collection Period |
1,010,650,317.10 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.20 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.34 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.32 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.32 | % | ||||||
Four-Month Average Net Loss Ratio |
0.30 | % | ||||||
Cumulative Net Losses for all Periods |
2,214,192.82 |
Nissan Auto Receivables 2023-A Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
4,345,720.51 | 206 | 0.45 | % | ||||||||
61-90 Days Delinquent |
696,806.81 | 39 | 0.07 | % | ||||||||
91-120 Days Delinquent |
143,428.33 | 6 | 0.01 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
5,185,955.65 | 251 | 0.53 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.09 | % | 0.07 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.10 | % | 0.09 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.09 | % | 0.08 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.09 | % | 0.08 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.09 | % | 0.08 | % | ||||||||
60 Day Delinquent Receivables |
882,873.24 | |||||||||||
Delinquency Percentage |
0.09 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,319,249.86 | |||||||||||
Number of Extensions |
99 | |||||||||||
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 |