Exhibit 99.1
Nissan Auto Receivables 2018-C Owner Trust
Servicers Certificate
Collection Period |
31-Aug-22 | 30/360 Days | 30 | Collection Period Start | 1-Aug-22 | |||||||||||
Distribution Date |
15-Sep-22 | Actual/360 Days | 31 | Collection Period End | 31-Aug-22 | |||||||||||
Prior Month Settlement Date | 15-Aug-22 | |||||||||||||||
Current Month Settlement Date | 15-Sep-22 |
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
Pool Balance |
1,146,026,063.89 | 108,572,107.45 | 97,690,820.57 | 0.092221 | ||||||||||||||||
Yield Supplement Overcollaterization |
|
86,717,144.39 | 2,347,823.08 | 1,986,260.12 | ||||||||||||||||
Total Adjusted Pool Balance |
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1,059,308,919.50 | 106,224,284.37 | 95,704,560.45 | ||||||||||||||||
Total Adjusted Securities |
1,059,308,919.50 | 106,224,284.37 | 95,704,560.45 | 0.090346 | ||||||||||||||||
Class A-1 Notes |
2.77000 | % | 200,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
3.07000 | % | 310,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2b Notes |
2.56100 | % | 50,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
3.22000 | % | 360,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-4 Notes |
3.27000 | % | 80,000,000.00 | 46,915,364.87 | 36,395,640.95 | 0.454946 | ||||||||||||||
Certificates |
0.00000 | % | 59,308,919.50 | 59,308,919.50 | 59,308,919.50 | 1.000000 | ||||||||||||||
Principal Payment |
Interest Payment | Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
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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 |
0.00 | 0.00 | | | ||||||||||||||||
Class A-4 Notes |
10,519,723.92 | 127,844.37 | 131.4965490 | 1.5980546 | ||||||||||||||||
Certificates |
0.00 | 0.00 | | | ||||||||||||||||
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Total Securities |
10,519,723.92 | 127,844.37 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
288,098.11 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
288,098.11 | |||||||||||||||||||
Principal: |
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Principal Collections |
10,796,662.33 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
10,796,662.33 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
|
81,527.09 | ||||||||||||||||||
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Total Collections |
11,166,287.53 | |||||||||||||||||||
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II. COLLATERAL POOL BALANCE DATA |
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Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
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18,557 | 106,224,284.37 | |||||||||||||||||
Total Principal Payment |
10,519,723.92 | |||||||||||||||||||
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17,878 | 95,704,560.45 |
Nissan Auto Receivables 2018-C Owner Trust
Servicers Certificate
III. DISTRIBUTIONS |
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Total Collections |
11,166,287.53 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
11,166,287.53 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
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Servicing Fee Due |
90,476.76 | |||
Servicing Fee Paid |
90,476.76 | |||
Servicing Fee Shortfall |
0.00 | |||
3. Interest: |
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Class A-1 Notes Monthly Interest |
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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 |
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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 |
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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 |
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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 |
0.00 | |||
Class A-3 Notes Monthly Interest Paid |
0.00 | |||
Change in Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
Class A-4 Notes Monthly Interest |
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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 |
127,844.37 | |||
Class A-4 Notes Monthly Interest Paid |
127,844.37 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2018-C Owner Trust
Servicers Certificate
Total Note Monthly Interest |
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Total Note Monthly Interest Due |
127,844.37 | |||||||
Total Note Monthly Interest Paid |
127,844.37 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
10,947,966.40 | |||||||
4. Total Monthly Principal Paid on the Notes |
10,519,723.92 | |||||||
Total Noteholders Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders Principal Distributable Amount |
10,519,723.92 | |||||||
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 |
428,242.48 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
428,242.48 | |||||||
V. RESERVE ACCOUNT |
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Initial Reserve Account Amount |
2,648,272.30 | |||||||
Required Reserve Account Amount |
2,648,272.30 | |||||||
Beginning Reserve Account Balance |
2,648,272.30 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
2,648,272.30 | |||||||
Required Reserve Account Amount for Next Period |
2,648,272.30 | |||||||
VI. POOL STATISTICS |
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Weighted Average Coupon |
3.07 | % | ||||||
Weighted Average Remaining Maturity |
15.26 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
84,624.55 | 6 | ||||||
Principal Recoveries of Defaulted Receivables |
81,527.09 | |||||||
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Monthly Net Losses |
3,097.46 | |||||||
Pool Balance at Beginning of Collection Period |
108,572,107.45 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.14 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
-1.56 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
-0.01 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.03 | % | ||||||
Four-Month Average Net Loss Ratio |
-0.35 | % | ||||||
Cumulative Net Losses for all Periods |
9,466,295.70 |
Nissan Auto Receivables 2018-C Owner Trust
Servicers Certificate
Amount | Number | % of Receivables (EOP Balance) |
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Delinquent Receivables: |
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31-60 Days Delinquent |
1,116,109.93 | 123 | 1.14 | % | ||||||||
61-90 Days Delinquent |
264,028.87 | 28 | 0.27 | % | ||||||||
91-120 Days Delinquent |
71,632.33 | 6 | 0.07 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
1,451,771.13 | 157 | 1.49 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
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Delinquency Ratio for Third Preceding Collection Period |
0.23 | % | 0.12 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.32 | % | 0.16 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.35 | % | 0.18 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.34 | % | 0.19 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.31 | % | 0.16 | % | ||||||||
60 Day Delinquent Receivables |
336,864.17 | |||||||||||
Delinquency Percentage |
0.34 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
633,069.19 | |||||||||||
Number of Extensions |
62 | |||||||||||
VII. STATEMENTS TO NOTEHOLDERS |
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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? |
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NO | ||||||||||
2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables? |
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NO | ||||||||||
3. Has there been an issuance of notes or other securities backed by the Receivables? |
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NO | ||||||||||
4. Has there been a material change in the underwriting, origination or acquisition of Receivables? |
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NO |