Nissan Auto Receivables 2020-B Owner Trust

03/27/2023 | Press release | Distributed by Public on 03/27/2023 10:56

Asset-Backed Issuer Distribution Report - Form 10-D

Nissan Auto Receivables 2020-B Owner Trust

Servicer's Certificate

Collection Period

28-Feb-23 30/360 Days 30 Collection Period Start 1-Feb-23

Distribution Date

15-Mar-23 Actual/360 Days 28 Collection Period End 28-Feb-23
Prior Month Settlement Date 15-Feb-23
Current Month Settlement Date 15-Mar-23
Coupon Rate Initial Balance Beginning Balance Ending Balance Pool Factor

Pool Balance

1,405,095,871.07 238,321,177.98 221,562,036.01 0.162762

Yield Supplement Overcollaterization

43,835,194.41 3,860,090.26 3,501,297.74

Total Adjusted Pool Balance

1,361,260,676.66 234,461,087.72 218,060,738.27

Total Adjusted Securities

1,361,260,676.66 234,461,087.72 218,060,738.27 0.160190

Class A-1 Notes

0.21995 % 254,000,000.00 0.00 0.00 0.000000

Class A-2a Notes

0.47000 % 420,000,000.00 0.00 0.00 0.000000

Class A-2b Notes

4.76786 % 50,000,000.00 0.00 0.00 0.000000

Class A-3 Notes

0.55000 % 470,000,000.00 67,200,411.06 50,800,061.61 0.108085

Class A-4 Notes

0.71000 % 106,000,000.00 106,000,000.00 106,000,000.00 1.000000

Certificates

0.00000 % 61,260,676.66 61,260,676.66 61,260,676.66 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

16,400,349.45 30,800.19 34.8943605 0.0655323

Class A-4 Notes

0.00 62,716.67 - 0.5916667

Certificates

0.00 0.00 - -

Total Securities

16,400,349.45 93,516.86

I. COLLECTIONS

Interest:

Interest Collections

626,776.88

Repurchased Loan Proceeds Related to Interest

0.00

Total Interest Collections

626,776.88

Principal:

Principal Collections

16,692,613.53

Repurchased Loan Proceeds Related to Principal

0.00

Total Principal Collections

16,692,613.53

Recoveries of Defaulted Receivables

30,232.12

Total Collections

17,349,622.53

II. COLLATERAL POOL BALANCE DATA

Number Amount

Adjusted Pool Balance - Beginning of Period

31,676 234,461,087.72

Total Principal Payment

16,400,349.45
30,266 218,060,738.27

Nissan Auto Receivables 2020-B Owner Trust

Servicer's Certificate

III. DISTRIBUTIONS

Total Collections

17,349,622.53

Reserve Account Draw

0.00

Total Available for Distribution

17,349,622.53

1. Reimbursement of Advance

0.00

2. Servicing Fee:

Servicing Fee Due

198,600.98

Servicing Fee Paid

198,600.98

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

30,800.19

Class A-3 Notes Monthly Interest Paid

30,800.19

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

62,716.67

Class A-4 Notes Monthly Interest Paid

62,716.67

Change in Class A-4 Notes Interest Carryover Shortfall

0.00

Nissan Auto Receivables 2020-B Owner Trust

Servicer's Certificate

Total Note Monthly Interest

Total Note Monthly Interest Due

93,516.86

Total Note Monthly Interest Paid

93,516.86

Total Note Interest Carryover Shortfall

0.00

Change in Total Note Interest Carryover Shortfall

0.00

Total Available for Principal Distribution

17,057,504.69

4. Total Monthly Principal Paid on the Notes

16,400,349.45

Total Noteholders' Principal Carryover Shortfall

0.00

Total Noteholders' Principal Distributable Amount

16,400,349.45

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

657,155.24

Deposit from Remaining Available Collections to fund Reserve Account

0.00

Remaining Available Collections Released to Certificateholder

657,155.24

V. RESERVE ACCOUNT

Initial Reserve Account Amount

13,612,606.77

Required Reserve Account Amount

13,612,606.77

Beginning Reserve Account Balance

13,612,606.77

Deposit of Remaining Available Collections

0.00

Ending Reserve Account Balance

13,612,606.77

Required Reserve Account Amount for Next Period

13,612,606.77

VI. POOL STATISTICS

Weighted Average Coupon

3.26 %

Weighted Average Remaining Maturity

24.15
Amount Number

Principal on Defaulted Receivables

66,528.44 11

Principal Recoveries of Defaulted Receivables

30,232.12

Monthly Net Losses

36,296.32

Pool Balance at Beginning of Collection Period

238,321,177.98

Net Loss Ratio for Third Preceding Collection Period

0.07 %

Net Loss Ratio for Second Preceding Collection Period

-0.02 %

Net Loss Ratio for Preceding Collection Period

-0.11 %

Net Loss Ratio for Current Collection Period

0.18 %

Four-Month Average Net Loss Ratio

0.03 %

Cumulative Net Losses for all Periods

2,338,286.54

Nissan Auto Receivables 2020-B Owner Trust

Servicer's Certificate

Amount Number % of Receivables
(EOP Balance)

Delinquent Receivables:

31-60 Days Delinquent

1,122,914.10 108 0.51 %

61-90 Days Delinquent

261,940.43 24 0.12 %

91-120 Days Delinquent

63,486.49 7 0.03 %

More than 120 Days

0.00 0 0.00 %

Total 31+ Days Delinquent Receivables:

1,448,341.02 139 0.65 %

61+ Days Delinquencies as Percentage of Receivables (EOP):

Delinquency Ratio for Third Preceding Collection Period

0.11 % 0.09 %

Delinquency Ratio for Second Preceding Collection Period

0.16 % 0.11 %

Delinquency Ratio for Preceding Collection Period

0.16 % 0.11 %

Delinquency Ratio for Current Collection Period

0.15 % 0.10 %

Four-Month Average Delinquency Ratio

0.14 % 0.10 %

60 Day Delinquent Receivables

325,426.92

Delinquency Percentage

0.15 %

Delinquency Trigger

4.90 %

Does the Delinquency Percentage exceed the Delinquency Trigger?

No

Principal Balance of Extensions

561,221.29

Number of Extensions

54

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