Exhibit 99.1
Nissan Auto Receivables 2023-A Owner Trust
Servicer’s Certificate
| Collection Period |
28-Feb-26 | 30/360 Days | 30 | Collection Period Start | 1-Feb-26 | |||||||||||
| Distribution Date |
16-Mar-26 | Actual/360 Days | 27 | Collection Period End | 28-Feb-26 | |||||||||||
| Prior Month Settlement Date | 17-Feb-26 | |||||||||||||||
| Current Month Settlement Date | 16-Mar-26 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
| Pool Balance |
1,460,472,153.77 | 272,074,138.69 | 254,279,534.89 | 0.195287 | ||||||||||||||||
| Yield Supplement Overcollaterization |
|
158,388,819.56 | 13,825,161.35 | 12,518,803.48 | ||||||||||||||||
| Total Adjusted Pool Balance |
|
1,302,083,334.21 | 258,248,977.34 | 241,760,731.41 | ||||||||||||||||
| Total Adjusted Securities |
1,302,083,334.21 | 258,248,977.34 | 241,760,731.41 | 0.185672 | ||||||||||||||||
| 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 |
4.30819 | % | 225,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-3 Notes |
4.91000 | % | 402,500,000.00 | 111,165,643.13 | 94,677,397.20 | 0.235223 | ||||||||||||||
| 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 |
16,488,245.93 | 454,852.76 | 40.9645862 | 1.1300690 | ||||||||||||||||
| Class A-4 Notes |
0.00 | 383,958.33 | — | 4.0416666 | ||||||||||||||||
| Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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| Total Securities |
16,488,245.93 | 838,811.09 | ||||||||||||||||||
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| I. COLLECTIONS |
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| Interest: |
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| Interest Collections |
850,880.13 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Interest |
|
0.00 | ||||||||||||||||||
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| Total Interest Collections |
850,880.13 | |||||||||||||||||||
| Principal: |
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| Principal Collections |
17,521,480.69 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Principal |
|
0.00 | ||||||||||||||||||
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| Total Principal Collections |
17,521,480.69 | |||||||||||||||||||
| Recoveries of Defaulted Receivables |
|
236,027.24 | ||||||||||||||||||
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| Total Collections |
18,608,388.06 | |||||||||||||||||||
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| II. COLLATERAL POOL BALANCE DATA |
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| Number | Amount | |||||||||||||||||||
| Adjusted Pool Balance - Beginning of Period |
|
28,234 | 258,248,977.34 | |||||||||||||||||
| Total Principal Payment |
16,488,245.93 | |||||||||||||||||||
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| 27,175 | 241,760,731.41 | |||||||||||||||||||
Nissan Auto Receivables 2023-A Owner Trust
Servicer’s Certificate
| III. DISTRIBUTIONS |
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| Total Collections |
18,608,388.06 | |||
| Reserve Account Draw |
0.00 | |||
| Total Available for Distribution |
18,608,388.06 | |||
| 1. Reimbursement of Advance |
0.00 | |||
| 2. Servicing Fee: |
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| Servicing Fee Due |
226,728.45 | |||
| Servicing Fee Paid |
226,728.45 | |||
| 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 |
454,852.76 | |||
| Class A-3 Notes Monthly Interest Paid |
454,852.76 | |||
| 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 |
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 |
838,811.09 | |||||||
| Total Note Monthly Interest Paid |
838,811.09 | |||||||
| Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Total Available for Principal Distribution |
17,542,848.52 | |||||||
| 4. Total Monthly Principal Paid on the Notes |
16,488,245.93 | |||||||
| Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
| Total Noteholders’ Principal Distributable Amount |
16,488,245.93 | |||||||
| 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 |
1,054,602.59 | |||||||
| Deposit from Remaining Available Collections to fund Reserve Account |
|
0.00 | ||||||
| Remaining Available Collections Released to Certificateholder |
1,054,602.59 | |||||||
| 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 |
3.95 | % | ||||||
| Weighted Average Remaining Maturity |
25.57 | |||||||
| Amount | Number | |||||||
| Principal on Defaulted Receivables |
273,123.11 | 21 | ||||||
| Principal Recoveries of Defaulted Receivables |
236,027.24 | |||||||
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| Monthly Net Losses |
37,095.87 | |||||||
| Pool Balance at Beginning of Collection Period |
272,074,138.69 | |||||||
| Net Loss Ratio for Third Preceding Collection Period |
-0.77 | % | ||||||
| Net Loss Ratio for Second Preceding Collection Period |
0.41 | % | ||||||
| Net Loss Ratio for Preceding Collection Period |
-0.28 | % | ||||||
| Net Loss Ratio for Current Collection Period |
0.16 | % | ||||||
| Four-Month Average Net Loss Ratio |
-0.12 | % | ||||||
| Cumulative Net Losses for all Periods |
5,065,003.80 | |||||||
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 |
2,097,261.31 | 179 | 0.82 | % | ||||||||
| 61-90 Days Delinquent |
451,779.21 | 46 | 0.18 | % | ||||||||
| 91-120 Days Delinquent |
151,751.00 | 15 | 0.06 | % | ||||||||
| More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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| Total 31+ Days Delinquent Receivables: |
2,700,791.52 | 240 | 1.06 | % | ||||||||
| 61+ Days Delinquencies as Percentage of Receivables (EOP): |
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| Delinquency Ratio for Third Preceding Collection Period |
0.26 | % | 0.21 | % | ||||||||
| Delinquency Ratio for Second Preceding Collection Period |
0.22 | % | 0.19 | % | ||||||||
| Delinquency Ratio for Preceding Collection Period |
0.31 | % | 0.23 | % | ||||||||
| Delinquency Ratio for Current Collection Period |
0.24 | % | 0.22 | % | ||||||||
| Four-Month Average Delinquency Ratio |
0.26 | % | 0.21 | % | ||||||||
| 60 Day Delinquent Receivables |
630,304.67 | |||||||||||
| Delinquency Percentage |
0.25 | % | ||||||||||
| Delinquency Trigger |
4.90 | % | ||||||||||
| Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
| Principal Balance of Extensions |
1,023,397.81 | |||||||||||
| Number of Extensions |
85 | |||||||||||
| 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 | ||||||||||