03/28/2024 | Press release | Distributed by Public on 03/28/2024 08:57
Nissan Auto Receivables 2022-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 |
1,477,843,167.03 | 818,488,474.83 | 786,693,364.40 | 0.604150 | ||||||||||||||||
Yield Supplement Overcollaterization |
175,694,119.15 | 72,917,465.10 | 68,740,793.91 | |||||||||||||||||
Total Adjusted Pool Balance |
1,302,149,047.88 | 745,571,009.73 | 717,952,570.49 | |||||||||||||||||
Total Adjusted Securities |
1,302,149,047.88 | 745,571,009.73 | 717,952,570.49 | 0.551360 | ||||||||||||||||
Class A-1 Notes |
3.68800 | % | 270,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
4.50000 | % | 443,300,000.00 | 156,721,961.85 | 129,103,522.61 | 0.291233 | ||||||||||||||
Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
4.46000 | % | 443,300,000.00 | 443,300,000.00 | 443,300,000.00 | 1.000000 | ||||||||||||||
Class A-4 Notes |
4.45000 | % | 93,400,000.00 | 93,400,000.00 | 93,400,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,149,047.88 | 52,149,047.88 | 52,149,047.88 | 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 |
27,618,439.24 | 587,707.36 | 62.3019157 | 1.3257554 | ||||||||||||||||
Class A-2b Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-3 Notes |
0.00 | 1,647,598.33 | - | 3.7166667 | ||||||||||||||||
Class A-4 Notes |
0.00 | 346,358.33 | - | 3.7083333 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
27,618,439.24 | 2,581,664.02 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
1,684,446.35 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
1,684,446.35 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
31,519,260.59 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
31,519,260.59 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
335,459.58 | |||||||||||||||||||
Total Collections |
33,539,166.52 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
48,966 | 745,571,009.73 | ||||||||||||||||||
Total Principal Payment |
27,618,439.24 | |||||||||||||||||||
48,257 | 717,952,570.49 |
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
33,539,166.52 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
33,539,166.52 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
682,073.73 | |||
Servicing Fee Paid |
682,073.73 | |||
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 |
587,707.36 | |||
Class A-2a Notes Monthly Interest Paid |
587,707.36 | |||
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 |
1,647,598.33 | |||
Class A-3 Notes Monthly Interest Paid |
1,647,598.33 | |||
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 |
346,358.33 | |||
Class A-4 Notes Monthly Interest Paid |
346,358.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
2,581,664.02 | |||||||
Total Note Monthly Interest Paid |
2,581,664.02 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
30,275,428.77 | |||||||
4. Total Monthly Principal Paid on the Notes |
27,618,439.24 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
27,618,439.24 | |||||||
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 |
2,656,989.53 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
2,656,989.53 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
3,255,372.62 | |||||||
Required Reserve Account Amount |
3,255,372.62 | |||||||
Beginning Reserve Account Balance |
3,255,372.62 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,255,372.62 | |||||||
Required Reserve Account Amount for Next Period |
3,255,372.62 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
2.52 | % | ||||||
Weighted Average Remaining Maturity |
40.18 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
275,849.84 | 14 | ||||||
Principal Recoveries of Defaulted Receivables |
335,459.58 | |||||||
Monthly Net Losses |
(59,609.74 | ) | ||||||
Pool Balance at Beginning of Collection Period |
818,488,474.83 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.28 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.51 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.62 | % | ||||||
Net Loss Ratio for Current Collection Period |
-0.09 | % | ||||||
Four-Month Average Net Loss Ratio |
0.33 | % | ||||||
Cumulative Net Losses for all Periods |
3,060,761.59 |
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
3,084,816.23 | 149 | 0.39 | % | ||||||||
61-90 Days Delinquent |
707,414.26 | 36 | 0.09 | % | ||||||||
91-120 Days Delinquent |
176,732.70 | 8 | 0.02 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
3,968,963.19 | 193 | 0.50 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.13 | % | 0.11 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.11 | % | 0.10 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.11 | % | 0.09 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.11 | % | 0.09 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.12 | % | 0.09 | % | ||||||||
60 Day Delinquent Receivables |
921,963.87 | |||||||||||
Delinquency Percentage |
0.12 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,013,203.48 | |||||||||||
Number of Extensions |
88 | |||||||||||
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 |