Exhibit 99.1
Nissan Auto Receivables 2024-A Owner Trust
Servicer’s Certificate
| Collection Period |
30-Apr-26 | 30/360 Days | 30 | Collection Period Start | 1-Apr-26 | |||||||||||
| Distribution Date |
15-May-26 | Actual/360 Days | 30 | Collection Period End | 30-Apr-26 | |||||||||||
| Prior Month Settlement Date | 15-Apr-26 | |||||||||||||||
| Current Month Settlement Date | 15-May-26 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
| Pool Balance |
1,424,116,746.73 | 488,520,011.65 | 458,884,448.15 | 0.352423 | ||||||||||||||||
| Yield Supplement Overcollaterization |
|
122,033,411.09 | 25,163,101.53 | 23,066,174.07 | ||||||||||||||||
| Total Adjusted Pool Balance |
|
1,302,083,335.64 | 463,356,910.12 | 435,818,274.08 | ||||||||||||||||
| Total Adjusted Securities |
1,302,083,335.64 | 463,356,910.12 | 435,818,274.08 | 0.334708 | ||||||||||||||||
| 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 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-2b Notes |
4.01980 | % | 293,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-3 Notes |
5.28000 | % | 438,000,000.00 | 316,273,574.48 | 288,734,938.44 | 0.659212 | ||||||||||||||
| 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 |
0.00 | 0.00 | — | — | ||||||||||||||||
| Class A-2b Notes |
0.00 | 0.00 | — | — | ||||||||||||||||
| Class A-3 Notes |
27,538,636.04 | 1,391,603.73 | 62.8735983 | 3.1771775 | ||||||||||||||||
| Class A-4 Notes |
0.00 | 410,083.33 | — | 4.3166666 | ||||||||||||||||
| Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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| Total Securities |
27,538,636.04 | 1,801,687.06 | ||||||||||||||||||
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| I. COLLECTIONS |
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| Interest: |
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| Interest Collections |
2,230,037.34 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Interest |
|
0.00 | ||||||||||||||||||
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| Total Interest Collections |
2,230,037.34 | |||||||||||||||||||
| Principal: |
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| Principal Collections |
29,098,431.51 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Principal |
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0.00 | ||||||||||||||||||
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| Total Principal Collections |
29,098,431.51 | |||||||||||||||||||
| Recoveries of Defaulted Receivables |
|
292,582.23 | ||||||||||||||||||
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| Total Collections |
31,621,051.08 | |||||||||||||||||||
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| II. COLLATERAL POOL BALANCE DATA |
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| Number | Amount | |||||||||||||||||||
| Adjusted Pool Balance - Beginning of Period |
|
38,195 | 463,356,910.12 | |||||||||||||||||
| Total Principal Payment |
27,538,636.04 | |||||||||||||||||||
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| 36,781 | 435,818,274.08 | |||||||||||||||||||
Nissan Auto Receivables 2024-A Owner Trust
Servicer’s Certificate
| III. DISTRIBUTIONS |
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| Total Collections |
31,621,051.08 | |||
| Reserve Account Draw |
0.00 | |||
| Total Available for Distribution |
31,621,051.08 | |||
| 1. Reimbursement of Advance |
0.00 | |||
| 2. Servicing Fee: |
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| Servicing Fee Due |
407,100.01 | |||
| Servicing Fee Paid |
407,100.01 | |||
| 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 |
1,391,603.73 | |||
| Class A-3 Notes Monthly Interest Paid |
1,391,603.73 | |||
| 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 |
1,801,687.06 | |||||||
| Total Note Monthly Interest Paid |
1,801,687.06 | |||||||
| Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Total Available for Principal Distribution |
29,412,264.01 | |||||||
| 4. Total Monthly Principal Paid on the Notes |
27,538,636.04 | |||||||
| Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
| Total Noteholders’ Principal Distributable Amount |
27,538,636.04 | |||||||
| 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 |
1,873,627.97 | |||||||
| Deposit from Remaining Available Collections to fund Reserve Account |
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0.00 | ||||||
| Remaining Available Collections Released to Certificateholder |
1,873,627.97 | |||||||
| 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 |
5.55 | % | ||||||
| Weighted Average Remaining Maturity |
33.45 | |||||||
| Amount | Number | |||||||
| Principal on Defaulted Receivables |
537,131.99 | 28 | ||||||
| Principal Recoveries of Defaulted Receivables |
292,582.23 | |||||||
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| Monthly Net Losses |
244,549.76 | |||||||
| Pool Balance at Beginning of Collection Period |
488,520,011.65 | |||||||
| Net Loss Ratio for Third Preceding Collection Period |
-0.02 | % | ||||||
| Net Loss Ratio for Second Preceding Collection Period |
0.34 | % | ||||||
| Net Loss Ratio for Preceding Collection Period |
-0.19 | % | ||||||
| Net Loss Ratio for Current Collection Period |
0.60 | % | ||||||
| Four-Month Average Net Loss Ratio |
0.18 | % | ||||||
| Cumulative Net Losses for all Periods |
6,174,419.64 | |||||||
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 |
3,347,898.92 | 180 | 0.73 | % | ||||||||
| 61-90 Days Delinquent |
885,751.79 | 39 | 0.19 | % | ||||||||
| 91-120 Days Delinquent |
2,994.66 | 3 | 0.00 | % | ||||||||
| More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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| Total 31+ Days Delinquent Receivables: |
4,236,645.37 | 222 | 0.92 | % | ||||||||
| 61+ Days Delinquencies as Percentage of Receivables (EOP): |
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| Delinquency Ratio for Third Preceding Collection Period |
0.17 | % | 0.14 | % | ||||||||
| Delinquency Ratio for Second Preceding Collection Period |
0.19 | % | 0.14 | % | ||||||||
| Delinquency Ratio for Preceding Collection Period |
0.19 | % | 0.13 | % | ||||||||
| Delinquency Ratio for Current Collection Period |
0.19 | % | 0.11 | % | ||||||||
| Four-Month Average Delinquency Ratio |
0.19 | % | 0.13 | % | ||||||||
| 60 Day Delinquent Receivables |
923,154.53 | |||||||||||
| Delinquency Percentage |
0.20 | % | ||||||||||
| Delinquency Trigger |
4.90 | % | ||||||||||
| Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
| Principal Balance of Extensions |
1,390,167.49 | |||||||||||
| Number of Extensions |
73 | |||||||||||
| 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 | ||||||||||