Exhibit 99.1
Nissan Auto Receivables 2024-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 |
1,424,116,746.73 | 797,057,158.76 | 755,578,171.76 | 0.580284 | ||||||||||||||||
Yield Supplement Overcollaterization |
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122,033,411.09 | 50,005,005.92 | 47,495,253.37 | ||||||||||||||||
Total Adjusted Pool Balance |
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1,302,083,335.64 | 747,052,152.84 | 708,082,918.39 | ||||||||||||||||
Total Adjusted Securities |
1,302,083,335.64 | 747,052,152.84 | 708,082,918.39 | 0.543808 | ||||||||||||||||
Class A-1 Notes |
5.51200 | % | 279,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
5.47000 | % | 145,000,000.00 | 53,619,813.91 | 40,719,039.95 | 0.280821 | ||||||||||||||
Class A-2b Notes |
4.71962 | % | 293,000,000.00 | 108,349,003.29 | 82,280,542.80 | 0.280821 | ||||||||||||||
Class A-3 Notes |
5.28000 | % | 438,000,000.00 | 438,000,000.00 | 438,000,000.00 | 1.000000 | ||||||||||||||
Class A-4 Notes |
5.18000 | % | 95,000,000.00 | 95,000,000.00 | 95,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,083,335.64 | 52,083,335.64 | 52,083,335.64 | 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 |
12,900,773.96 | 244,416.99 | 88.9708549 | 1.6856344 | ||||||||||||||||
Class A-2b Notes |
26,068,460.49 | 440,343.05 | 88.9708549 | 1.5028773 | ||||||||||||||||
Class A-3 Notes |
0.00 | 1,927,200.00 | — | 4.4000000 | ||||||||||||||||
Class A-4 Notes |
0.00 | 410,083.33 | — | 4.3166666 | ||||||||||||||||
Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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Total Securities |
38,969,234.45 | 3,022,043.37 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
3,563,766.46 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
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0.00 | ||||||||||||||||||
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Total Interest Collections |
3,563,766.46 | |||||||||||||||||||
Principal: |
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Principal Collections |
41,377,963.37 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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Total Principal Collections |
41,377,963.37 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
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260,079.73 | ||||||||||||||||||
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Total Collections |
45,201,809.56 | |||||||||||||||||||
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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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48,909 | 747,052,152.84 | |||||||||||||||||
Total Principal Payment |
38,969,234.45 | |||||||||||||||||||
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47,420 | 708,082,918.39 |
Nissan Auto Receivables 2024-A Owner Trust
Servicer’s Certificate
III. DISTRIBUTIONS |
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Total Collections |
45,201,809.56 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
45,201,809.56 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
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Servicing Fee Due |
664,214.30 | |||
Servicing Fee Paid |
664,214.30 | |||
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 |
244,416.99 | |||
Class A-2a Notes Monthly Interest Paid |
244,416.99 | |||
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 |
440,343.05 | |||
Class A-2b Notes Monthly Interest Paid |
440,343.05 | |||
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 |
1,927,200.00 | |||
Class A-3 Notes Monthly Interest Paid |
1,927,200.00 | |||
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 |
410,083.33 | |||
Class A-4 Notes Monthly Interest Paid |
410,083.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2024-A Owner Trust
Servicer’s Certificate
Total Note Monthly Interest |
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Total Note Monthly Interest Due |
3,022,043.37 | |||||||
Total Note Monthly Interest Paid |
3,022,043.37 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
41,515,551.89 | |||||||
4. Total Monthly Principal Paid on the Notes |
38,969,234.45 | |||||||
Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders’ Principal Distributable Amount |
38,969,234.45 | |||||||
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 |
2,546,317.44 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
Remaining Available Collections Released to Certificateholder |
2,546,317.44 | |||||||
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 |
5.16 | % | ||||||
Weighted Average Remaining Maturity |
39.62 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
101,023.63 | 6 | ||||||
Principal Recoveries of Defaulted Receivables |
260,079.73 | |||||||
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Monthly Net Losses |
(159,056.10 | ) | ||||||
Pool Balance at Beginning of Collection Period |
797,057,158.76 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.20 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.35 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.11 | % | ||||||
Net Loss Ratio for Current Collection Period |
-0.24 | % | ||||||
Four-Month Average Net Loss Ratio |
0.11 | % | ||||||
Cumulative Net Losses for all Periods |
3,866,725.70 |
Nissan Auto Receivables 2024-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 |
5,243,115.94 | 251 | 0.69 | % | ||||||||
61-90 Days Delinquent |
1,316,715.82 | 64 | 0.17 | % | ||||||||
91-120 Days Delinquent |
358,878.55 | 16 | 0.05 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
6,918,710.31 | 331 | 0.92 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
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Delinquency Ratio for Third Preceding Collection Period |
0.10 | % | 0.07 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.13 | % | 0.10 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.21 | % | 0.15 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.22 | % | 0.17 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.17 | % | 0.12 | % | ||||||||
60 Day Delinquent Receivables |
1,757,343.79 | |||||||||||
Delinquency Percentage |
0.23 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
3,628,352.65 | |||||||||||
Number of Extensions |
147 | |||||||||||
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 |