Exhibit 99.1
Nissan Auto Receivables 2022-A 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 |
1,142,065,005.32 | 813,858,613.98 | 787,315,957.18 | 0.755823 | ||||||||||||||||
Yield Supplement Overcollaterization |
|
100,398,337.54 | 61,216,470.35 | 58,141,629.50 | ||||||||||||||||
Total Adjusted Pool Balance |
|
1,041,666,667.78 | 752,642,143.63 | 729,174,327.68 | ||||||||||||||||
Total Adjusted Securities |
1,041,666,667.78 | 752,642,143.63 | 729,174,327.68 | 0.700007 | ||||||||||||||||
Class A-1 Notes |
0.49597 | % | 180,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
1.32000 | % | 365,000,000.00 | 255,975,475.85 | 232,507,659.90 | 0.637007 | ||||||||||||||
Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
1.86000 | % | 365,000,000.00 | 365,000,000.00 | 365,000,000.00 | 1.000000 | ||||||||||||||
Class A-4 Notes |
2.07000 | % | 90,000,000.00 | 90,000,000.00 | 90,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 41,666,667.78 | 41,666,667.78 | 41,666,667.78 | 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 |
23,467,815.95 | 281,573.02 | 64.2953862 | 0.7714329 | ||||||||||||||||
Class A-2b Notes |
0.00 | 0.00 | | | ||||||||||||||||
Class A-3 Notes |
0.00 | 565,750.00 | | 1.5500000 | ||||||||||||||||
Class A-4 Notes |
0.00 | 155,250.00 | | 1.7250000 | ||||||||||||||||
Certificates |
0.00 | 0.00 | | | ||||||||||||||||
|
|
|
|
|||||||||||||||||
Total Securities |
23,467,815.95 | 1,002,573.02 | ||||||||||||||||||
|
|
|
|
|||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
926,590.34 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
|
0.00 | ||||||||||||||||||
|
|
|||||||||||||||||||
Total Interest Collections |
926,590.34 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
26,351,240.17 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
|
0.00 | ||||||||||||||||||
|
|
|||||||||||||||||||
Total Principal Collections |
26,351,240.17 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
|
88,616.52 | ||||||||||||||||||
|
|
|||||||||||||||||||
Total Collections |
27,366,447.03 | |||||||||||||||||||
|
|
|||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
|
|||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
|
42,383 | 752,642,143.63 | |||||||||||||||||
Total Principal Payment |
23,467,815.95 | |||||||||||||||||||
|
|
|||||||||||||||||||
41,858 | 729,174,327.68 |
Nissan Auto Receivables 2022-A Owner Trust
Servicers Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
27,366,447.03 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
27,366,447.03 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
678,215.51 | |||
Servicing Fee Paid |
678,215.51 | |||
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 |
281,573.02 | |||
Class A-2a Notes Monthly Interest Paid |
281,573.02 | |||
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 |
565,750.00 | |||
Class A-3 Notes Monthly Interest Paid |
565,750.00 | |||
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 |
155,250.00 | |||
Class A-4 Notes Monthly Interest Paid |
155,250.00 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2022-A Owner Trust
Servicers Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
1,002,573.02 | |||||||
Total Note Monthly Interest Paid |
1,002,573.02 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
25,685,658.50 | |||||||
4. Total Monthly Principal Paid on the Notes |
23,467,815.95 | |||||||
Total Noteholders Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders Principal Distributable Amount |
23,467,815.95 | |||||||
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 |
2,217,842.55 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
|
0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
2,217,842.55 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
2,604,166.67 | |||||||
Required Reserve Account Amount |
2,604,166.67 | |||||||
Beginning Reserve Account Balance |
2,604,166.67 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
2,604,166.67 | |||||||
Required Reserve Account Amount for Next Period |
2,604,166.67 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
1.36 | % | ||||||
Weighted Average Remaining Maturity |
45.50 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
191,416.63 | 8 | ||||||
Principal Recoveries of Defaulted Receivables |
88,616.52 | |||||||
|
|
|||||||
Monthly Net Losses |
102,800.11 | |||||||
Pool Balance at Beginning of Collection Period |
813,858,613.98 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.05 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.01 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.04 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.15 | % | ||||||
Four-Month Average Net Loss Ratio |
0.06 | % | ||||||
Cumulative Net Losses for all Periods |
855,655.96 |
Nissan Auto Receivables 2022-A Owner Trust
Servicers Certificate
Amount | Number | % of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
1,823,133.44 | 84 | 0.23 | % | ||||||||
61-90 Days Delinquent |
294,441.47 | 13 | 0.04 | % | ||||||||
91-120 Days Delinquent |
25,386.55 | 2 | 0.00 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
|
|
|
|
|
|
|||||||
Total 31+ Days Delinquent Receivables: |
2,142,961.46 | 99 | 0.27 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.03 | % | 0.02 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.04 | % | 0.03 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.04 | % | 0.04 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.04 | % | 0.04 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.04 | % | 0.04 | % | ||||||||
60 Day Delinquent Receivables |
343,972.48 | |||||||||||
Delinquency Percentage |
0.04 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,074,288.05 | |||||||||||
Number of Extensions |
83 | |||||||||||
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 |