Exhibit 99.1
Nissan Auto Receivables 2025-A Owner Trust
Servicers Certificate
Collection Period |
30-Jun-25 | 30/360 Days | 30 | Collection Period Start | 6/1/2025 | |||||||||||
Distribution Date |
15-Jul-25 | Actual/360 Days | 29 | Collection Period End | 6/30/2025 | |||||||||||
Prior Month Settlement Date | 6/16/2025 | |||||||||||||||
Current Month Settlement Date | 7/15/2025 |
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
Pool Balance |
1,668,465,701.04 | 1,615,173,451.63 | 1,560,568,316.63 | 1.01 | ||||||||||||||||
Yield Supplement Overcollaterization |
|
130,004,099.86 | 123,670,641.25 | 115,026,325.11 | ||||||||||||||||
Total Adjusted Pool Balance |
|
1,538,461,601.18 | 1,491,502,810.38 | 1,445,541,991.52 | ||||||||||||||||
Total Adjusted Securities |
1,538,461,601.18 | 1,491,502,810.38 | 1,445,541,991.52 | 0.94 | ||||||||||||||||
Class A-1 Notes |
4.48800 | % | 342,800,000.00 | 295,841,209.20 | 249,880,390.34 | 0.73 | ||||||||||||||
Class A-2a Notes |
4.50000 | % | 339,600,000.00 | 339,600,000.00 | 339,600,000.00 | 1.00 | ||||||||||||||
Class A-2b Notes |
4.75385 | % | 185,000,000.00 | 185,000,000.00 | 185,000,000.00 | 1.00 | ||||||||||||||
Class A-3 Notes |
4.49000 | % | 524,500,000.00 | 524,500,000.00 | 524,500,000.00 | 1.00 | ||||||||||||||
Class A-4 Notes |
4.57000 | % | 85,000,000.00 | 85,000,000.00 | 85,000,000.00 | 1.00 | ||||||||||||||
Class B Notes |
4.79000 | % | 23,100,000.00 | 23,100,000.00 | 23,100,000.00 | 1.00 | ||||||||||||||
Certificates |
0.00000 | % | 38,461,601.18 | 38,461,601.18 | 38,461,601.18 | 1.00 | ||||||||||||||
Principal Payment |
Interest Payment | Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
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Class A-1 Notes |
45,960,818.86 | 1,069,671.13 | 134.0747341 | 3.1203942 | ||||||||||||||||
Class A-2a Notes |
0.00 | 1,273,595.51 | | 3.7502812 | ||||||||||||||||
Class A-2b Notes |
0.00 | 708,520.71 | | 3.8298417 | ||||||||||||||||
Class A-3 Notes |
0.00 | 1,962,651.03 | | 3.7419467 | ||||||||||||||||
Class A-4 Notes |
0.00 | 323,732.99 | | 3.8086234 | ||||||||||||||||
Class B Notes |
0.00 | 92,214.86 | | 3.9919853 | ||||||||||||||||
Certificates |
0.00 | 0.00 | | | ||||||||||||||||
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Total Securities |
45,960,818.86 | 5,430,386.23 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
5,992,298.28 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
5,992,298.28 | |||||||||||||||||||
Principal: |
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Principal Collections |
54,358,007.64 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
54,358,007.64 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
|
14,768.58 | ||||||||||||||||||
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Total Collections |
60,365,074.50 | |||||||||||||||||||
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II. COLLATERAL POOL BALANCE DATA |
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Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
|
64,229 | 1,491,502,810.38 | |||||||||||||||||
Total Principal Payment |
45,960,818.86 | |||||||||||||||||||
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63,358 | 1,445,541,991.52 |
Nissan Auto Receivables 2025-A Owner Trust
Servicers Certificate
III. DISTRIBUTIONS |
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Total Collections |
60,365,074.50 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
60,365,074.50 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
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Servicing Fee Due |
1,345,977.88 | |||
Servicing Fee Paid |
1,345,977.88 | |||
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 Additional Interest |
106.55 | |||
Class A-1 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-1 Notes Monthly Interest Distributable Amount |
1,069,564.58 | |||
Class A-1 Notes Monthly Interest Paid |
1,069,671.13 | |||
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 Additional Interest |
95.51 | |||
Class A-2a Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-2a Notes Monthly Interest Distributable Amount |
1,273,500.00 | |||
Class A-2a Notes Monthly Interest Paid |
1,273,595.51 | |||
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 Additional Interest |
65.01 | |||
Class A-2b Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-2b Notes Monthly Interest Distributable Amount |
708,455.70 | |||
Class A-2b Notes Monthly Interest Paid |
708,520.71 | |||
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 Additional Interest |
146.86 | |||
Class A-3 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-3 Notes Monthly Interest Distributable Amount |
1,962,504.17 | |||
Class A-3 Notes Monthly Interest Paid |
1,962,651.03 | |||
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 Additional Interest |
24.66 | |||
Class A-4 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class A-4 Notes Monthly Interest Distributable Amount |
323,708.33 | |||
Class A-4 Notes Monthly Interest Paid |
323,732.99 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 | |||
Class B Notes Monthly Interest |
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Class B Notes Interest Carryover Shortfall |
0.00 | |||
Class B Notes Additional Interest |
7.36 | |||
Class B Notes Interest on Interest Carryover Shortfall |
0.00 | |||
Class B Notes Monthly Interest Distributable Amount |
92,207.50 | |||
Class B Notes Monthly Interest Paid |
92,214.86 | |||
Change in Class B Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2025-A Owner Trust
Servicers Certificate
Total Note Monthly Interest |
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Total Note Monthly Interest Due |
5,430,386.23 | |||||||
Total Note Monthly Interest Paid |
5,430,386.23 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
53,588,710.39 | |||||||
4. Total Monthly Principal Paid on the Notes |
45,960,818.86 | |||||||
Total Noteholders Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders Principal Distributable Amount |
45,960,818.86 | |||||||
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 |
7,627,891.53 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
7,627,891.53 | |||||||
V. RESERVE ACCOUNT |
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Initial Reserve Account Amount |
3,846,154.00 | |||||||
Required Reserve Account Amount |
3,846,154.00 | |||||||
Beginning Reserve Account Balance |
3,846,154.00 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,846,154.00 | |||||||
Required Reserve Account Amount for Next Period |
3,846,154.00 | |||||||
VI. POOL STATISTICS |
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Weighted Average Coupon |
4.48 | % | ||||||
Weighted Average Remaining Maturity |
49.84 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
247,127.36 | 8 | ||||||
Principal Recoveries of Defaulted Receivables |
14,768.58 | |||||||
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Monthly Net Losses |
232,358.78 | |||||||
Pool Balance at Beginning of Collection Period |
1,615,173,451.63 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.00 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.00 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.11 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.17 | % | ||||||
Four-Month Average Net Loss Ratio |
0.07 | % | ||||||
Cumulative Net Losses for all Periods |
386,058.23 |
Nissan Auto Receivables 2025-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 |
3,437,982.62 | 139 | 0 | |||||||||
61-90 Days Delinquent |
478,670.89 | 18 | 0 | |||||||||
91-120 Days Delinquent |
0.00 | 0 | 0 | |||||||||
More than 120 Days |
0.00 | 0 | 0 | |||||||||
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Total 31+ Days Delinquent Receivables: |
3,916,653.51 | 157 | 0 | |||||||||
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 |
0.00 | % | 0.00 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.00 | % | 0.00 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.03 | % | 0.03 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.01 | % | 0.01 | % | ||||||||
60 Day Delinquent Receivables |
518,657.74 | |||||||||||
Delinquency Percentage |
0.03 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
3,274,616.65 | |||||||||||
Number of Extensions |
106 | |||||||||||
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 |