03/28/2024 | Press release | Distributed by Public on 03/28/2024 09:04
Nissan Auto Receivables 2023-B 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 |
1,449,675,307.36 | 1,243,631,565.93 | 1,194,128,014.74 | 0.917090 | ||||||||||||||||
Yield Supplement Overcollaterization |
147,591,973.00 | 117,360,466.81 | 110,564,876.67 | |||||||||||||||||
Total Adjusted Pool Balance |
1,302,083,334.36 | 1,126,271,099.12 | 1,083,563,138.07 | |||||||||||||||||
Total Adjusted Securities |
1,302,083,334.36 | 1,126,271,099.12 | 1,083,563,138.07 | 0.832176 | ||||||||||||||||
Class A-1 Notes |
5.70900 | % | 352,000,000.00 | 176,187,764.76 | 133,479,803.71 | 0.379204 | ||||||||||||||
Class A-2a Notes |
5.95000 | % | 219,500,000.00 | 219,500,000.00 | 219,500,000.00 | 1.000000 | ||||||||||||||
Class A-2b Notes |
5.88471 | % | 219,500,000.00 | 219,500,000.00 | 219,500,000.00 | 1.000000 | ||||||||||||||
Class A-3 Notes |
5.93000 | % | 376,000,000.00 | 376,000,000.00 | 376,000,000.00 | 1.000000 | ||||||||||||||
Class A-4 Notes |
5.96000 | % | 83,000,000.00 | 83,000,000.00 | 83,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,083,334.36 | 52,083,334.36 | 52,083,334.36 | 1.000000 | ||||||||||||||
Principal Payment |
Interest Payment |
Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
|||||||||||||||||
Class A-1 Notes |
42,707,961.05 | 810,272.85 | 121.3294348 | 2.3019115 | ||||||||||||||||
Class A-2a Notes |
0.00 | 1,088,354.17 | - | 4.9583333 | ||||||||||||||||
Class A-2b Notes |
0.00 | 1,040,531.15 | - | 4.7404608 | ||||||||||||||||
Class A-3 Notes |
0.00 | 1,858,066.67 | - | 4.9416667 | ||||||||||||||||
Class A-4 Notes |
0.00 | 412,233.33 | - | 4.9666666 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
42,707,961.05 | 5,209,458.17 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
3,771,111.12 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
3,771,111.12 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
48,937,007.10 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
48,937,007.10 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
236,577.38 | |||||||||||||||||||
Total Collections |
52,944,695.60 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
72,381 | 1,126,271,099.12 | ||||||||||||||||||
Total Principal Payment |
42,707,961.05 | |||||||||||||||||||
70,998 | 1,083,563,138.07 |
Nissan Auto Receivables 2023-B Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
52,944,695.60 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
52,944,695.60 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
1,036,359.64 | |||
Servicing Fee Paid |
1,036,359.64 | |||
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 |
810,272.85 | |||
Class A-1 Notes Monthly Interest Paid |
810,272.85 | |||
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 |
1,088,354.17 | |||
Class A-2a Notes Monthly Interest Paid |
1,088,354.17 | |||
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 |
1,040,531.15 | |||
Class A-2b Notes Monthly Interest Paid |
1,040,531.15 | |||
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 |
1,858,066.67 | |||
Class A-3 Notes Monthly Interest Paid |
1,858,066.67 | |||
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 |
412,233.33 | |||
Class A-4 Notes Monthly Interest Paid |
412,233.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2023-B Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
5,209,458.17 | |||||||
Total Note Monthly Interest Paid |
5,209,458.17 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
46,698,877.79 | |||||||
4. Total Monthly Principal Paid on the Notes |
42,707,961.05 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
42,707,961.05 | |||||||
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 |
3,990,916.74 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
3,990,916.74 | |||||||
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 |
3.71 | % | ||||||
Weighted Average Remaining Maturity |
42.65 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
566,544.09 | 23 | ||||||
Principal Recoveries of Defaulted Receivables |
236,577.38 | |||||||
Monthly Net Losses |
329,966.71 | |||||||
Pool Balance at Beginning of Collection Period |
1,243,631,565.93 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.10 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.20 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.35 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.32 | % | ||||||
Four-Month Average Net Loss Ratio |
0.24 | % | ||||||
Cumulative Net Losses for all Periods |
1,164,424.12 |
Nissan Auto Receivables 2023-B Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
2,853,692.08 | 152 | 0.24 | % | ||||||||
61-90 Days Delinquent |
469,545.27 | 26 | 0.04 | % | ||||||||
91-120 Days Delinquent |
198,578.76 | 11 | 0.02 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
3,521,816.11 | 189 | 0.29 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.03 | % | 0.03 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.05 | % | 0.05 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.06 | % | 0.05 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.06 | % | 0.05 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.05 | % | 0.05 | % | ||||||||
60 Day Delinquent Receivables |
683,996.32 | |||||||||||
Delinquency Percentage |
0.06 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,290,224.45 | |||||||||||
Number of Extensions |
101 | |||||||||||
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 |