Exhibit 99.1
Nissan Auto Receivables 2019-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 |
1,394,407,179.62 | 101,060,689.56 | 91,007,833.97 | 0.069662 | ||||||||||||||||
Yield Supplement Overcollaterization |
|
87,991,122.47 | 1,612,124.50 | 1,361,331.00 | ||||||||||||||||
Total Adjusted Pool Balance |
|
1,306,416,057.15 | 99,448,565.06 | 89,646,502.97 | ||||||||||||||||
Total Adjusted Securities |
1,306,416,057.15 | 99,448,565.06 | 89,646,502.97 | 0.068620 | ||||||||||||||||
Class A-1 Notes |
2.70786 | % | 263,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
2.82000 | % | 400,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2b Notes |
4.46786 | % | 50,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
2.90000 | % | 450,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-4 Notes |
3.00000 | % | 87,000,000.00 | 43,032,507.91 | 33,230,445.82 | 0.381959 | ||||||||||||||
Certificates |
0.00000 | % | 56,416,057.15 | 56,416,057.15 | 56,416,057.15 | 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 |
9,802,062.09 | 107,581.27 | 112.6673803 | 1.2365663 | ||||||||||||||||
Certificates |
0.00 | 0.00 | | | ||||||||||||||||
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Total Securities |
9,802,062.09 | 107,581.27 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
298,546.70 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
298,546.70 | |||||||||||||||||||
Principal: |
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Principal Collections |
9,956,549.29 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
9,956,549.29 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
|
120,284.39 | ||||||||||||||||||
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Total Collections |
10,375,380.38 | |||||||||||||||||||
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II. COLLATERAL POOL BALANCE DATA |
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Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
|
18,324 | 99,448,565.06 | |||||||||||||||||
Total Principal Payment |
9,802,062.09 | |||||||||||||||||||
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17,517 | 89,646,502.97 |
Nissan Auto Receivables 2019-A Owner Trust
Servicers Certificate
III. DISTRIBUTIONS |
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Total Collections |
10,375,380.38 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
10,375,380.38 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
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Servicing Fee Due |
84,217.24 | |||
Servicing Fee Paid |
84,217.24 | |||
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 |
||||
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 |
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 |
||||
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 |
107,581.27 | |||
Class A-4 Notes Monthly Interest Paid |
107,581.27 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2019-A Owner Trust
Servicers Certificate
Total Note Monthly Interest |
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Total Note Monthly Interest Due |
107,581.27 | |||||||
Total Note Monthly Interest Paid |
107,581.27 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
10,183,581.87 | |||||||
4. Total Monthly Principal Paid on the Notes |
9,802,062.09 | |||||||
Total Noteholders Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders Principal Distributable Amount |
9,802,062.09 | |||||||
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 |
381,519.78 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
381,519.78 | |||||||
V. RESERVE ACCOUNT |
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Initial Reserve Account Amount |
3,266,040.14 | |||||||
Required Reserve Account Amount |
3,266,040.14 | |||||||
Beginning Reserve Account Balance |
3,266,040.14 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,266,040.14 | |||||||
Required Reserve Account Amount for Next Period |
3,266,040.14 | |||||||
VI. POOL STATISTICS |
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Weighted Average Coupon |
3.62 | % | ||||||
Weighted Average Remaining Maturity |
15.07 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
96,306.30 | 12 | ||||||
Principal Recoveries of Defaulted Receivables |
120,284.39 | |||||||
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Monthly Net Losses |
(23,978.09 | ) | ||||||
Pool Balance at Beginning of Collection Period |
101,060,689.56 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
-0.02 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
-0.72 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
-0.39 | % | ||||||
Net Loss Ratio for Current Collection Period |
-0.28 | % | ||||||
Four-Month Average Net Loss Ratio |
-0.35 | % | ||||||
Cumulative Net Losses for all Periods |
12,301,391.31 |
Nissan Auto Receivables 2019-A Owner Trust
Servicers Certificate
Amount | Number | % of Receivables (EOP Balance) |
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Delinquent Receivables: |
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31-60 Days Delinquent |
1,880,588.04 | 187 | 2.07 | % | ||||||||
61-90 Days Delinquent |
346,765.02 | 32 | 0.38 | % | ||||||||
91-120 Days Delinquent |
46,649.15 | 8 | 0.05 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
2,274,002.21 | 227 | 2.50 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
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Delinquency Ratio for Third Preceding Collection Period |
0.34 | % | 0.17 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.38 | % | 0.22 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.37 | % | 0.21 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.43 | % | 0.23 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.38 | % | 0.21 | % | ||||||||
60 Day Delinquent Receivables |
402,420.84 | |||||||||||
Delinquency Percentage |
0.44 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
763,437.29 | |||||||||||
Number of Extensions |
76 | |||||||||||
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 |