EX-99.1 2 d54990dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Nissan Auto Receivables 2023-A Owner Trust

Servicer’s Certificate

 

Collection Period

     30-Jun-25      30/360 Days      30      Collection Period Start      1-Jun-25  

Distribution Date

     15-Jul-25      Actual/360 Days      29      Collection Period End      30-Jun-25  
            Prior Month Settlement Date      16-Jun-25  
            Current Month Settlement Date      15-Jul-25  

 

     Coupon Rate     Initial Balance      Beginning Balance      Ending Balance      Pool Factor  

Pool Balance

       1,460,472,153.77        461,731,613.94        435,816,013.64        0.334707  

Yield Supplement Overcollaterization

 

    158,388,819.56        29,530,764.80        26,322,880.03     

Total Adjusted Pool Balance

 

    1,302,083,334.21        432,200,849.14        409,493,133.61     

Total Adjusted Securities

       1,302,083,334.21        432,200,849.14        409,493,133.61        0.314491  

Class A-1 Notes

     5.42400     300,000,000.00        0.00        0.00        0.000000  

Class A-2a Notes

     5.34000     227,500,000.00        0.00        0.00        0.000000  

Class A-2b Notes

     4.95385     225,000,000.00        0.00        0.00        0.000000  

Class A-3 Notes

     4.91000     402,500,000.00        285,117,514.93        262,409,799.40        0.651950  

Class A-4 Notes

     4.85000     95,000,000.00        95,000,000.00        95,000,000.00        1.000000  

Certificates

     0.00000     52,083,334.21        52,083,334.21        52,083,334.21        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

     22,707,715.53       1,166,605.83        56.4166845        2.8983996     

Class A-4 Notes

     0.00       383,958.33        —         4.0416666     

Certificates

     0.00       0.00        —         —      
  

 

 

   

 

 

          

Total Securities

     22,707,715.53       1,550,564.16           
  

 

 

   

 

 

          

I. COLLECTIONS

             

Interest:

             

Interest Collections

             1,346,200.18     

Repurchased Loan Proceeds Related to Interest

 

        0.00     
     

 

 

    

Total Interest Collections

             1,346,200.18     

Principal:

             

Principal Collections

             25,560,490.06     

Repurchased Loan Proceeds Related to Principal

 

        0.00     
     

 

 

    

Total Principal Collections

             25,560,490.06     

Recoveries of Defaulted Receivables

 

          240,804.84     
       

 

 

    

Total Collections

             27,147,495.08     
          

 

 

    

II. COLLATERAL POOL BALANCE DATA

 

          
                  Number      Amount         

Adjusted Pool Balance - Beginning of Period

 

       38,819        432,200,849.14     

Total Principal Payment

             22,707,715.53     
          

 

 

    
          37,641        409,493,133.61     


Nissan Auto Receivables 2023-A Owner Trust

Servicer’s Certificate

 

III. DISTRIBUTIONS

  

Total Collections

     27,147,495.08  

Reserve Account Draw

     0.00  

Total Available for Distribution

     27,147,495.08  

1. Reimbursement of Advance

     0.00  

2. Servicing Fee:

  

Servicing Fee Due

     384,776.34  

Servicing Fee Paid

     384,776.34  

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

     1,166,605.83  

Class A-3 Notes Monthly Interest Paid

     1,166,605.83  

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

     383,958.33  

Class A-4 Notes Monthly Interest Paid

     383,958.33  

Change in Class A-4 Notes Interest Carryover Shortfall

     0.00  


Nissan Auto Receivables 2023-A Owner Trust

Servicer’s Certificate

 

Total Note Monthly Interest

    

Total Note Monthly Interest Due

       1,550,564.16  

Total Note Monthly Interest Paid

       1,550,564.16  

Total Note Interest Carryover Shortfall

       0.00  

Change in Total Note Interest Carryover Shortfall

       0.00  

Total Available for Principal Distribution

       25,212,154.58  

4. Total Monthly Principal Paid on the Notes

       22,707,715.53  

Total Noteholders’ Principal Carryover Shortfall

       0.00  

Total Noteholders’ Principal Distributable Amount

       22,707,715.53  

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

       2,504,439.05  

Deposit from Remaining Available Collections to fund Reserve Account

 

    0.00  

Remaining Available Collections Released to Certificateholder

       2,504,439.05  

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

       3.67

Weighted Average Remaining Maturity

       31.22  
     Amount     Number  

Principal on Defaulted Receivables

     355,110.24       21  

Principal Recoveries of Defaulted Receivables

     240,804.84    
  

 

 

   

Monthly Net Losses

     114,305.40    

Pool Balance at Beginning of Collection Period

     461,731,613.94    

Net Loss Ratio for Third Preceding Collection Period

     -0.05  

Net Loss Ratio for Second Preceding Collection Period

     0.31  

Net Loss Ratio for Preceding Collection Period

     -0.28  

Net Loss Ratio for Current Collection Period

     0.30  

Four-Month Average Net Loss Ratio

     0.07  

Cumulative Net Losses for all Periods

     4,731,299.39    


Nissan Auto Receivables 2023-A Owner Trust

Servicer’s Certificate

 

     Amount     Number     % of Receivables
(EOP Balance)
 

Delinquent Receivables:

      

31-60 Days Delinquent

     4,358,415.41       293       1.00

61-90 Days Delinquent

     787,400.85       47       0.18

91-120 Days Delinquent

     270,931.82       19       0.06

More than 120 Days

     0.00       0       0.00
  

 

 

   

 

 

   

 

 

 

Total 31+ Days Delinquent Receivables:

     5,416,748.08       359       1.24

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

      

Delinquency Ratio for Third Preceding Collection Period

     0.11     0.10  

Delinquency Ratio for Second Preceding Collection Period

     0.10     0.10  

Delinquency Ratio for Preceding Collection Period

     0.17     0.15  

Delinquency Ratio for Current Collection Period

     0.24     0.18  

Four-Month Average Delinquency Ratio

     0.15     0.13  

60 Day Delinquent Receivables

     1,107,209.39      

Delinquency Percentage

     0.25    

Delinquency Trigger

     4.90    

Does the Delinquency Percentage exceed the Delinquency Trigger?

     No      

Principal Balance of Extensions

     1,629,383.28      

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