Exhibit 99.1

Nissan Auto Receivables 2020-B Owner Trust

Servicer’s 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

       1,405,095,871.07        275,782,732.73        257,063,573.44        0.188842  

Yield Supplement Overcollaterization

 

    43,835,194.41        4,713,660.39        4,279,099.57     

Total Adjusted Pool Balance

 

    1,361,260,676.66        271,069,072.34        252,784,473.87     

Total Adjusted Securities

       1,361,260,676.66        271,069,072.34        252,784,473.87        0.185699  

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

     4.49786     50,000,000.00        0.00        0.00        0.000000  

Class A-3 Notes

     0.55000     470,000,000.00        103,808,395.68        85,523,797.21        0.181966  

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

     18,284,598.47       47,578.85        38.9034010        0.1012316     

Class A-4 Notes

     0.00       62,716.67        —          0.5916667     

Certificates

     0.00       0.00        —          —       
  

 

 

   

 

 

          

Total Securities

     18,284,598.47       110,295.52           
  

 

 

   

 

 

          

I. COLLECTIONS

             

Interest:

             

Interest Collections

             740,328.67     

Repurchased Loan Proceeds Related to Interest

 

        0.00     
     

 

 

    

Total Interest Collections

             740,328.67     

Principal:

             

Principal Collections

             18,623,984.25     

Repurchased Loan Proceeds Related to Principal

 

        0.00     
     

 

 

    

Total Principal Collections

             18,623,984.25     

Recoveries of Defaulted Receivables

 

          98,839.07     
       

 

 

    

Total Collections

             19,463,151.99     
          

 

 

    

II. COLLATERAL POOL BALANCE DATA

 

          
                  Number      Amount         

Adjusted Pool Balance - Beginning of Period

 

       33,950        271,069,072.34     

Total Principal Payment

             18,284,598.47     
          

 

 

    
          32,860        252,784,473.87     


Nissan Auto Receivables 2020-B Owner Trust

Servicer’s Certificate

 

 

III. DISTRIBUTIONS

  

Total Collections

     19,463,151.99  

Reserve Account Draw

     0.00  

Total Available for Distribution

     19,463,151.99  

1. Reimbursement of Advance

     0.00  

2. Servicing Fee:

  

Servicing Fee Due

     229,818.94  

Servicing Fee Paid

     229,818.94  

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

     47,578.85  

Class A-3 Notes Monthly Interest Paid

     47,578.85  

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

       110,295.52  

Total Note Monthly Interest Paid

       110,295.52  

Total Note Interest Carryover Shortfall

       0.00  

Change in Total Note Interest Carryover Shortfall

       0.00  

Total Available for Principal Distribution

       19,123,037.53  

4. Total Monthly Principal Paid on the Notes

       18,284,598.47  

Total Noteholders’ Principal Carryover Shortfall

       0.00  

Total Noteholders’ Principal Distributable Amount

       18,284,598.47  

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

       838,439.06  

Deposit from Remaining Available Collections to fund Reserve Account

 

    0.00  

Remaining Available Collections Released to Certificateholder

       838,439.06  

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

       3.24

Weighted Average Remaining Maturity

       25.26  
     Amount     Number  

Principal on Defaulted Receivables

     95,175.04       8  

Principal Recoveries of Defaulted Receivables

     98,839.07    
  

 

 

   

Monthly Net Losses

     (3,664.03  

Pool Balance at Beginning of Collection Period

     275,782,732.73    

Net Loss Ratio for Third Preceding Collection Period

     0.53  

Net Loss Ratio for Second Preceding Collection Period

     0.39  

Net Loss Ratio for Preceding Collection Period

     0.07  

Net Loss Ratio for Current Collection Period

     -0.02  

Four-Month Average Net Loss Ratio

     0.25  

Cumulative Net Losses for all Periods

     2,326,370.42    


Nissan Auto Receivables 2020-B Owner Trust

Servicer’s Certificate

 

     Amount     Number     % of Receivables
(EOP Balance)
 

Delinquent Receivables:

      

31-60 Days Delinquent

     1,551,669.31       144       0.60

61-90 Days Delinquent

     340,760.82       27       0.13

91-120 Days Delinquent

     65,746.80       8       0.03

More than 120 Days

     0.00       0       0.00
  

 

 

   

 

 

   

 

 

 

Total 31+ Days Delinquent Receivables:

     1,958,176.93       179       0.76

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

      

Delinquency Ratio for Third Preceding Collection Period

     0.14     0.11  

Delinquency Ratio for Second Preceding Collection Period

     0.12     0.11  

Delinquency Ratio for Preceding Collection Period

     0.11     0.09  

Delinquency Ratio for Current Collection Period

     0.16     0.11  

Four-Month Average Delinquency Ratio

     0.13     0.10  

60 Day Delinquent Receivables

     416,755.67      

Delinquency Percentage

     0.16    

Delinquency Trigger

     4.90    

Does the Delinquency Percentage exceed the Delinquency Trigger?

     No      

Principal Balance of Extensions

     962,892.38      

Number of Extensions

     74      

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