Exhibit 99.1
Nissan Auto Receivables 2023-A 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 |
1,460,472,153.77 | 435,816,013.64 | 407,432,511.20 | 0.312908 | ||||||||||||||||
Yield Supplement Overcollaterization |
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158,388,819.56 | 26,322,880.03 | 24,704,131.75 | ||||||||||||||||
Total Adjusted Pool Balance |
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1,302,083,334.21 | 409,493,133.61 | 382,728,379.45 | ||||||||||||||||
Total Adjusted Securities |
1,302,083,334.21 | 409,493,133.61 | 382,728,379.45 | 0.293935 | ||||||||||||||||
Class A-1 Notes |
5.42400 | % | 300,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
5.34000 | % | 227,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2b Notes |
4.98962 | % | 225,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
4.91000 | % | 402,500,000.00 | 262,409,799.40 | 235,645,045.24 | 0.585454 | ||||||||||||||
Class A-4 Notes |
4.85000 | % | 95,000,000.00 | 95,000,000.00 | 95,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,083,334.21 | 52,083,334.21 | 52,083,334.21 | 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 |
26,764,754.16 | 1,073,693.43 | 66.4962836 | 2.6675613 | ||||||||||||||||
Class A-4 Notes |
0.00 | 383,958.33 | — | 4.0416666 | ||||||||||||||||
Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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Total Securities |
26,764,754.16 | 1,457,651.76 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
1,387,352.47 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
1,387,352.47 | |||||||||||||||||||
Principal: |
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Principal Collections |
28,328,671.94 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
28,328,671.94 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
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238,002.94 | ||||||||||||||||||
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Total Collections |
29,954,027.35 | |||||||||||||||||||
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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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37,641 | 409,493,133.61 | |||||||||||||||||
Total Principal Payment |
26,764,754.16 | |||||||||||||||||||
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36,261 | 382,728,379.45 |
Nissan Auto Receivables 2023-A Owner Trust
Servicer’s Certificate
III. DISTRIBUTIONS |
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Total Collections |
29,954,027.35 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
29,954,027.35 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
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Servicing Fee Due |
363,180.01 | |||
Servicing Fee Paid |
363,180.01 | |||
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 |
1,073,693.43 | |||
Class A-3 Notes Monthly Interest Paid |
1,073,693.43 | |||
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 |
383,958.33 | |||
Class A-4 Notes Monthly Interest Paid |
383,958.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2023-A Owner Trust
Servicer’s Certificate
Total Note Monthly Interest |
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Total Note Monthly Interest Due |
1,457,651.76 | |||||||
Total Note Monthly Interest Paid |
1,457,651.76 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
28,133,195.58 | |||||||
4. Total Monthly Principal Paid on the Notes |
26,764,754.16 | |||||||
Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders’ Principal Distributable Amount |
26,764,754.16 | |||||||
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 |
1,368,441.42 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
1,368,441.42 | |||||||
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 |
3.71 | % | ||||||
Weighted Average Remaining Maturity |
30.47 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
54,830.50 | 8 | ||||||
Principal Recoveries of Defaulted Receivables |
238,002.94 | |||||||
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Monthly Net Losses |
(183,172.44 | ) | ||||||
Pool Balance at Beginning of Collection Period |
435,816,013.64 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.31 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
-0.28 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.30 | % | ||||||
Net Loss Ratio for Current Collection Period |
-0.50 | % | ||||||
Four-Month Average Net Loss Ratio |
-0.04 | % | ||||||
Cumulative Net Losses for all Periods |
4,548,126.95 |
Nissan Auto Receivables 2023-A 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 |
3,658,226.63 | 265 | 0.90 | % | ||||||||
61-90 Days Delinquent |
963,790.56 | 65 | 0.24 | % | ||||||||
91-120 Days Delinquent |
383,249.94 | 24 | 0.09 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
5,005,267.13 | 354 | 1.23 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
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Delinquency Ratio for Third Preceding Collection Period |
0.10 | % | 0.10 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.17 | % | 0.15 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.24 | % | 0.18 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.33 | % | 0.25 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.21 | % | 0.17 | % | ||||||||
60 Day Delinquent Receivables |
1,441,071.35 | |||||||||||
Delinquency Percentage |
0.35 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,374,594.15 | |||||||||||
Number of Extensions |
148 | |||||||||||
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 |