Exhibit 99.1
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
Collection Period |
31-Jul-25 | 30/360 Days | 30 | Collection Period Start | 1-Jul-25 | |||||||||||
Distribution Date |
15-Aug-25 | Actual/360 Days | 31 | Collection Period End | 31-Jul-25 | |||||||||||
Prior Month Settlement Date | 15-Jul-25 | |||||||||||||||
Current Month Settlement Date | 15-Aug-25 |
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
Pool Balance |
1,449,675,307.36 | 525,237,057.12 | 491,168,388.77 | 0.377217 | ||||||||||||||||
Yield Supplement Overcollaterization |
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147,591,973.00 | 32,757,645.51 | 30,802,597.16 | ||||||||||||||||
Total Adjusted Pool Balance |
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1,302,083,334.36 | 492,479,411.61 | 460,365,791.61 | ||||||||||||||||
Total Adjusted Securities |
1,302,083,334.36 | 492,479,411.61 | 460,365,791.61 | 0.353561 | ||||||||||||||||
Class A-1 Notes |
5.70900 | % | 352,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
5.95000 | % | 219,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2b Notes |
5.45962 | % | 219,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
5.93000 | % | 376,000,000.00 | 357,396,077.25 | 325,282,457.25 | 0.865113 | ||||||||||||||
Class A-4 Notes |
5.96000 | % | 83,000,000.00 | 83,000,000.00 | 83,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,083,334.36 | 52,083,334.36 | 52,083,334.36 | 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 |
32,113,620.00 | 1,766,132.28 | 85.4085638 | 4.6971603 | ||||||||||||||||
Class A-4 Notes |
0.00 | 412,233.33 | — | 4.9666666 | ||||||||||||||||
Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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Total Securities |
32,113,620.00 | 2,178,365.61 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
1,936,364.65 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
1,936,364.65 | |||||||||||||||||||
Principal: |
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Principal Collections |
34,157,631.34 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
34,157,631.34 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
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204,452.61 | ||||||||||||||||||
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Total Collections |
36,298,448.60 | |||||||||||||||||||
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II. COLLATERAL POOL BALANCE DATA |
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Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
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44,778 | 492,479,411.61 | |||||||||||||||||
Total Principal Payment |
32,113,620.00 | |||||||||||||||||||
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43,053 | 460,365,791.61 |
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
III. DISTRIBUTIONS |
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Total Collections |
36,298,448.60 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
36,298,448.60 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
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Servicing Fee Due |
437,697.55 | |||
Servicing Fee Paid |
437,697.55 | |||
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 |
1,766,132.28 | |||
Class A-3 Notes Monthly Interest Paid |
1,766,132.28 | |||
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 |
412,233.33 | |||
Class A-4 Notes Monthly Interest Paid |
412,233.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
Total Note Monthly Interest |
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Total Note Monthly Interest Due |
2,178,365.61 | |||||||
Total Note Monthly Interest Paid |
2,178,365.61 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
33,682,385.44 | |||||||
4. Total Monthly Principal Paid on the Notes |
32,113,620.00 | |||||||
Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders’ Principal Distributable Amount |
32,113,620.00 | |||||||
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 |
1,568,765.44 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
1,568,765.44 | |||||||
V. RESERVE ACCOUNT |
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Initial Reserve Account Amount |
3,255,208.34 | |||||||
Required Reserve Account Amount |
3,255,208.34 | |||||||
Beginning Reserve Account Balance |
3,255,208.34 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,255,208.34 | |||||||
Required Reserve Account Amount for Next Period |
3,255,208.34 | |||||||
VI. POOL STATISTICS |
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Weighted Average Coupon |
4.29 | % | ||||||
Weighted Average Remaining Maturity |
31.36 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
(88,962.99 | ) | -7 | |||||
Principal Recoveries of Defaulted Receivables |
204,452.61 | |||||||
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Monthly Net Losses |
(293,415.60 | ) | ||||||
Pool Balance at Beginning of Collection Period |
525,237,057.12 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
-0.01 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
-0.13 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.60 | % | ||||||
Net Loss Ratio for Current Collection Period |
-0.67 | % | ||||||
Four-Month Average Net Loss Ratio |
-0.05 | % | ||||||
Cumulative Net Losses for all Periods |
4,174,561.46 |
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
Amount | Number | % of Receivables (EOP Balance) |
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Delinquent Receivables: |
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31-60 Days Delinquent |
4,093,253.31 | 275 | 0.83 | % | ||||||||
61-90 Days Delinquent |
846,904.22 | 56 | 0.17 | % | ||||||||
91-120 Days Delinquent |
444,903.19 | 33 | 0.09 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
5,385,060.72 | 364 | 1.10 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
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Delinquency Ratio for Third Preceding Collection Period |
0.10 | % | 0.11 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.18 | % | 0.13 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.22 | % | 0.15 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.26 | % | 0.21 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.19 | % | 0.15 | % | ||||||||
60 Day Delinquent Receivables |
1,355,686.48 | |||||||||||
Delinquency Percentage |
0.28 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,327,987.25 | |||||||||||
Number of Extensions |
134 | |||||||||||
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 |