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