Exhibit 99.1
Nissan Auto Receivables 2022-B Owner Trust
Servicers Certificate
Collection Period |
31-Dec-22 | 30/360 Days | 30 | Collection Period Start | 1-Dec-22 | |||||||||||
Distribution Date |
17-Jan-23 | Actual/360 Days | 33 | Collection Period End | 31-Dec-22 | |||||||||||
Prior Month Settlement Date | 15-Dec-22 | |||||||||||||||
Current Month Settlement Date | 17-Jan-23 |
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
Pool Balance |
1,477,843,167.03 | 1,344,546,306.19 | 1,302,197,709.82 | 1.000037 | ||||||||||||||||
Yield Supplement Overcollaterization |
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175,694,119.15 | 153,033,442.32 | 145,967,776.98 | ||||||||||||||||
Total Adjusted Pool Balance |
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1,302,149,047.88 | 1,191,512,863.87 | 1,156,229,932.84 | ||||||||||||||||
Total Adjusted Securities |
1,302,149,047.88 | 1,191,512,863.87 | 1,156,229,932.84 | 0.887940 | ||||||||||||||||
Class A-1 Notes |
3.68800 | % | 270,000,000.00 | 159,363,815.99 | 124,080,884.96 | 0.459559 | ||||||||||||||
Class A-2a Notes |
4.50000 | % | 443,300,000.00 | 443,300,000.00 | 443,300,000.00 | 1.000000 | ||||||||||||||
Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
4.46000 | % | 443,300,000.00 | 443,300,000.00 | 443,300,000.00 | 1.000000 | ||||||||||||||
Class A-4 Notes |
4.45000 | % | 93,400,000.00 | 93,400,000.00 | 93,400,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,149,047.88 | 52,149,047.88 | 52,149,047.88 | 1.000000 | ||||||||||||||
Principal Payment |
Interest Payment | Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
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Class A-1 Notes |
35,282,931.03 | 538,755.94 | 130.6775223 | 1.9953924 | ||||||||||||||||
Class A-2a Notes |
0.00 | 1,662,375.00 | | 3.7500000 | ||||||||||||||||
Class A-2b Notes |
0.00 | 0.00 | | | ||||||||||||||||
Class A-3 Notes |
0.00 | 1,647,598.33 | | 3.7166667 | ||||||||||||||||
Class A-4 Notes |
0.00 | 346,358.33 | | 3.7083333 | ||||||||||||||||
Certificates |
0.00 | 0.00 | | | ||||||||||||||||
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Total Securities |
35,282,931.03 | 4,195,087.60 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
2,689,993.11 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
2,689,993.11 | |||||||||||||||||||
Principal: |
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Principal Collections |
41,728,244.81 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
41,728,244.81 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
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211,381.51 | ||||||||||||||||||
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Total Collections |
44,629,619.43 | |||||||||||||||||||
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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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62,660 | 1,191,512,863.87 | |||||||||||||||||
Total Principal Payment |
35,282,931.03 | |||||||||||||||||||
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61,754 | 1,156,229,932.84 |
Nissan Auto Receivables 2022-B Owner Trust
Servicers Certificate
III. DISTRIBUTIONS |
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Total Collections |
44,629,619.43 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
44,629,619.43 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
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Servicing Fee Due |
1,120,455.26 | |||
Servicing Fee Paid |
1,120,455.26 | |||
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 |
538,755.94 | |||
Class A-1 Notes Monthly Interest Paid |
538,755.94 | |||
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 |
1,662,375.00 | |||
Class A-2a Notes Monthly Interest Paid |
1,662,375.00 | |||
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 |
1,647,598.33 | |||
Class A-3 Notes Monthly Interest Paid |
1,647,598.33 | |||
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 |
346,358.33 | |||
Class A-4 Notes Monthly Interest Paid |
346,358.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2022-B Owner Trust
Servicers Certificate
Total Note Monthly Interest |
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Total Note Monthly Interest Due |
4,195,087.60 | |||||||
Total Note Monthly Interest Paid |
4,195,087.60 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
39,314,076.57 | |||||||
4. Total Monthly Principal Paid on the Notes |
35,282,931.03 | |||||||
Total Noteholders Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders Principal Distributable Amount |
35,282,931.03 | |||||||
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 |
4,031,145.54 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
4,031,145.54 | |||||||
V. RESERVE ACCOUNT |
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Initial Reserve Account Amount |
3,255,372.62 | |||||||
Required Reserve Account Amount |
3,255,372.62 | |||||||
Beginning Reserve Account Balance |
3,255,372.62 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,255,372.62 | |||||||
Required Reserve Account Amount for Next Period |
3,255,372.62 | |||||||
VI. POOL STATISTICS |
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Weighted Average Coupon |
2.42 | % | ||||||
Weighted Average Remaining Maturity |
52.05 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
620,351.56 | 23 | ||||||
Principal Recoveries of Defaulted Receivables |
211,381.51 | |||||||
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Monthly Net Losses |
408,970.05 | |||||||
Pool Balance at Beginning of Collection Period |
1,344,546,306.19 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.10 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.10 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.19 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.37 | % | ||||||
Four-Month Average Net Loss Ratio |
0.19 | % | ||||||
Cumulative Net Losses for all Periods |
872,730.88 |
Nissan Auto Receivables 2022-B Owner Trust
Servicers Certificate
Amount | Number | % of Receivables (EOP Balance) |
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Delinquent Receivables: |
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31-60 Days Delinquent |
2,580,821.69 | 110 | 0.20 | % | ||||||||
61-90 Days Delinquent |
254,657.34 | 12 | 0.02 | % | ||||||||
91-120 Days Delinquent |
1,298.05 | 1 | 0.00 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
2,836,777.08 | 123 | 0.22 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
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Delinquency Ratio for Third Preceding Collection Period |
0.00 | % | 0.00 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.04 | % | 0.03 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.05 | % | 0.04 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.02 | % | 0.02 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.03 | % | 0.02 | % | ||||||||
60 Day Delinquent Receivables |
255,955.39 | |||||||||||
Delinquency Percentage |
0.02 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
3,638,553.51 | |||||||||||
Number of Extensions |
127 | |||||||||||
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 |