Exhibit 99.1
Nissan Auto Receivables 2020-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 |
1,405,095,871.07 | 275,782,732.73 | 257,063,573.44 | 0.188842 | ||||||||||||||||
Yield Supplement Overcollaterization |
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43,835,194.41 | 4,713,660.39 | 4,279,099.57 | ||||||||||||||||
Total Adjusted Pool Balance |
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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 |
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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 |
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 | | | ||||||||||||||||
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Total Securities |
18,284,598.47 | 110,295.52 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
740,328.67 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
740,328.67 | |||||||||||||||||||
Principal: |
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Principal Collections |
18,623,984.25 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
18,623,984.25 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
|
98,839.07 | ||||||||||||||||||
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Total Collections |
19,463,151.99 | |||||||||||||||||||
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II. COLLATERAL POOL BALANCE DATA |
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Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
|
33,950 | 271,069,072.34 | |||||||||||||||||
Total Principal Payment |
18,284,598.47 | |||||||||||||||||||
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32,860 | 252,784,473.87 |
Nissan Auto Receivables 2020-B Owner Trust
Servicers Certificate
III. DISTRIBUTIONS |
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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: |
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Servicing Fee Due |
229,818.94 | |||
Servicing Fee Paid |
229,818.94 | |||
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 |
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 |
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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 |
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
Servicers Certificate
Total Note Monthly Interest |
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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 |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
838,439.06 | |||||||
V. RESERVE ACCOUNT |
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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 |
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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 | |||||||
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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
Servicers Certificate
Amount | Number | % of Receivables (EOP Balance) |
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Delinquent Receivables: |
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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 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
1,958,176.93 | 179 | 0.76 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
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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 |
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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 |