Nissan Auto Receivables 2021-A Owner Trust
04/19/2024 | Press release | Distributed by Public on 04/19/2024 11:24
Asset-Backed Issuer Distribution Report - Form 10-D
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
|
Collection Period |
31-Mar-24 | 30/360 Days | 30 | Collection Period Start | 1-Mar-24 | |||||||||||
|
Distribution Date |
15-Apr-24 | Actual/360 Days | 31 | Collection Period End | 31-Mar-24 | |||||||||||
| Prior Month Settlement Date | 15-Mar-24 | |||||||||||||||
| Current Month Settlement Date | 15-Apr-24 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
|
Pool Balance |
1,113,826,202.14 | 280,659,141.14 | 263,988,593.60 | 0.253429 | ||||||||||||||||
|
Yield Supplement Overcollaterization |
72,159,533.65 | 9,543,903.05 | 8,701,606.62 | |||||||||||||||||
|
Total Adjusted Pool Balance |
1,041,666,668.49 | 271,115,238.09 | 255,286,986.98 | |||||||||||||||||
|
Total Adjusted Securities |
1,041,666,668.49 | 271,115,238.09 | 255,286,986.98 | 0.245076 | ||||||||||||||||
|
Class A-1 Notes |
0.05908 | % | 172,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
|
Class A-2a Notes |
0.16000 | % | 356,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
|
Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
|
Class A-3 Notes |
0.33000 | % | 356,500,000.00 | 114,448,569.60 | 98,620,318.49 | 0.276635 | ||||||||||||||
|
Class A-4 Notes |
0.57000 | % | 115,000,000.00 | 115,000,000.00 | 115,000,000.00 | 1.000000 | ||||||||||||||
|
Certificates |
0.00000 | % | 41,666,668.49 | 41,666,668.49 | 41,666,668.49 | 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 |
15,828,251.11 | 31,473.36 | 44.3990213 | 0.0882843 | ||||||||||||||||
|
Class A-4 Notes |
0.00 | 54,625.00 | - | 0.4750000 | ||||||||||||||||
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Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
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Total Securities |
15,828,251.11 | 86,098.36 | ||||||||||||||||||
|
I. COLLECTIONS |
||||||||||||||||||||
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Interest: |
||||||||||||||||||||
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Interest Collections |
320,456.46 | |||||||||||||||||||
|
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
|
Total Interest Collections |
320,456.46 | |||||||||||||||||||
|
Principal: |
||||||||||||||||||||
|
Principal Collections |
16,564,023.25 | |||||||||||||||||||
|
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
|
Total Principal Collections |
16,564,023.25 | |||||||||||||||||||
|
Recoveries of Defaulted Receivables |
79,027.95 | |||||||||||||||||||
|
Total Collections |
16,963,507.66 | |||||||||||||||||||
|
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
| Number | Amount | |||||||||||||||||||
|
Adjusted Pool Balance - Beginning of Period |
26,522 | 271,115,238.09 | ||||||||||||||||||
|
Total Principal Payment |
15,828,251.11 | |||||||||||||||||||
| 25,932 | 255,286,986.98 |
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
|
III. DISTRIBUTIONS |
||||
|
Total Collections |
16,963,507.66 | |||
|
Reserve Account Draw |
0.00 | |||
|
Total Available for Distribution |
16,963,507.66 | |||
|
1. Reimbursement of Advance |
0.00 | |||
|
2. Servicing Fee: |
||||
|
Servicing Fee Due |
233,882.62 | |||
|
Servicing Fee Paid |
233,882.62 | |||
|
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 |
31,473.36 | |||
|
Class A-3 Notes Monthly Interest Paid |
31,473.36 | |||
|
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 |
54,625.00 | |||
|
Class A-4 Notes Monthly Interest Paid |
54,625.00 | |||
|
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
|
Total Note Monthly Interest |
||||||||
|
Total Note Monthly Interest Due |
86,098.36 | |||||||
|
Total Note Monthly Interest Paid |
86,098.36 | |||||||
|
Total Note Interest Carryover Shortfall |
0.00 | |||||||
|
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
|
Total Available for Principal Distribution |
16,643,526.68 | |||||||
|
4. Total Monthly Principal Paid on the Notes |
15,828,251.11 | |||||||
|
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
|
Total Noteholders' Principal Distributable Amount |
15,828,251.11 | |||||||
|
Change in Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
|
5. Total Monthly Principal Paid on the Certificates |
0.00 | |||||||
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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 |
815,275.57 | |||||||
|
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
|
Remaining Available Collections Released to Certificateholder |
815,275.57 | |||||||
|
V. RESERVE ACCOUNT |
||||||||
|
Initial Reserve Account Amount |
2,604,166.67 | |||||||
|
Required Reserve Account Amount |
2,604,166.67 | |||||||
|
Beginning Reserve Account Balance |
2,604,166.67 | |||||||
|
Deposit of Remaining Available Collections |
0.00 | |||||||
|
Ending Reserve Account Balance |
2,604,166.67 | |||||||
|
Required Reserve Account Amount for Next Period |
2,604,166.67 | |||||||
|
VI. POOL STATISTICS |
||||||||
|
Weighted Average Coupon |
1.44 | % | ||||||
|
Weighted Average Remaining Maturity |
25.51 | |||||||
| Amount | Number | |||||||
|
Principal on Defaulted Receivables |
106,524.29 | 8 | ||||||
|
Principal Recoveries of Defaulted Receivables |
79,027.95 | |||||||
|
Monthly Net Losses |
27,496.34 | |||||||
|
Pool Balance at Beginning of Collection Period |
280,659,141.14 | |||||||
|
Net Loss Ratio for Third Preceding Collection Period |
0.40 | % | ||||||
|
Net Loss Ratio for Second Preceding Collection Period |
0.03 | % | ||||||
|
Net Loss Ratio for Preceding Collection Period |
-0.14 | % | ||||||
|
Net Loss Ratio for Current Collection Period |
0.12 | % | ||||||
|
Four-Month Average Net Loss Ratio |
0.10 | % | ||||||
|
Cumulative Net Losses for all Periods |
2,476,954.98 |
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
| Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
|
Delinquent Receivables: |
||||||||||||
|
31-60 Days Delinquent |
1,992,301.68 | 154 | 0.75 | % | ||||||||
|
61-90 Days Delinquent |
411,205.03 | 29 | 0.16 | % | ||||||||
|
91-120 Days Delinquent |
155,679.70 | 10 | 0.06 | % | ||||||||
|
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
|
Total 31+ Days Delinquent Receivables: |
2,559,186.41 | 193 | 0.97 | % | ||||||||
|
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
|
Delinquency Ratio for Third Preceding Collection Period |
0.18 | % | 0.15 | % | ||||||||
|
Delinquency Ratio for Second Preceding Collection Period |
0.15 | % | 0.12 | % | ||||||||
|
Delinquency Ratio for Preceding Collection Period |
0.12 | % | 0.08 | % | ||||||||
|
Delinquency Ratio for Current Collection Period |
0.21 | % | 0.15 | % | ||||||||
|
Four-Month Average Delinquency Ratio |
0.17 | % | 0.13 | % | ||||||||
|
60 Day Delinquent Receivables |
615,474.62 | |||||||||||
|
Delinquency Percentage |
0.23 | % | ||||||||||
|
Delinquency Trigger |
4.90 | % | ||||||||||
|
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
|
Principal Balance of Extensions |
685,953.04 | |||||||||||
|
Number of Extensions |
44 | |||||||||||
|
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 |