Exhibit 99.1
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
| Collection Period |
30-Jun-26 | 30/360 Days | 30 | Collection Period Start | 1-Jun-26 | |||||||||||
| Distribution Date |
15-Jul-26 | Actual/360 Days | 30 | Collection Period End | 30-Jun-26 | |||||||||||
| Prior Month Settlement Date | 15-Jun-26 | |||||||||||||||
| Current Month Settlement Date | 15-Jul-26 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
| Pool Balance |
1,449,675,307.36 | 240,960,120.39 | 222,757,742.02 | 0.171078 | ||||||||||||||||
| Yield Supplement Overcollaterization |
|
147,591,973.00 | 11,631,136.30 | 10,416,574.31 | ||||||||||||||||
| Total Adjusted Pool Balance |
|
1,302,083,334.36 | 229,328,984.09 | 212,341,167.71 | ||||||||||||||||
| Total Adjusted Securities |
1,302,083,334.36 | 229,328,984.09 | 212,341,167.71 | 0.163078 | ||||||||||||||||
| 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 |
4.15301 | % | 219,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-3 Notes |
5.93000 | % | 376,000,000.00 | 94,245,649.73 | 77,257,833.35 | 0.205473 | ||||||||||||||
| 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 |
16,987,816.38 | 465,730.59 | 45.1803627 | 1.2386452 | ||||||||||||||||
| Class A-4 Notes |
0.00 | 412,233.33 | — | 4.9666666 | ||||||||||||||||
| Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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| Total Securities |
16,987,816.38 | 877,963.92 | ||||||||||||||||||
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| I. COLLECTIONS |
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| Interest: |
||||||||||||||||||||
| Interest Collections |
1,022,991.38 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Interest |
|
0.00 | ||||||||||||||||||
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| Total Interest Collections |
1,022,991.38 | |||||||||||||||||||
| Principal: |
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| Principal Collections |
18,115,631.88 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Principal |
|
0.00 | ||||||||||||||||||
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| Total Principal Collections |
18,115,631.88 | |||||||||||||||||||
| Recoveries of Defaulted Receivables |
|
259,828.77 | ||||||||||||||||||
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| Total Collections |
19,398,452.03 | |||||||||||||||||||
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| II. COLLATERAL POOL BALANCE DATA |
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| Number | Amount | |||||||||||||||||||
| Adjusted Pool Balance - Beginning of Period |
|
25,855 | 229,328,984.09 | |||||||||||||||||
| Total Principal Payment |
16,987,816.38 | |||||||||||||||||||
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| 24,310 | 212,341,167.71 | |||||||||||||||||||
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
| III. DISTRIBUTIONS |
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| Total Collections |
19,398,452.03 | |||
| Reserve Account Draw |
0.00 | |||
| Total Available for Distribution |
19,398,452.03 | |||
| 1. Reimbursement of Advance |
0.00 | |||
| 2. Servicing Fee: |
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| Servicing Fee Due |
200,800.10 | |||
| Servicing Fee Paid |
200,800.10 | |||
| 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 |
465,730.59 | |||
| Class A-3 Notes Monthly Interest Paid |
465,730.59 | |||
| 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 |
877,963.92 | |||||||
| Total Note Monthly Interest Paid |
877,963.92 | |||||||
| Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Total Available for Principal Distribution |
18,319,688.01 | |||||||
| 4. Total Monthly Principal Paid on the Notes |
16,987,816.38 | |||||||
| Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
| Total Noteholders’ Principal Distributable Amount |
16,987,816.38 | |||||||
| 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 |
1,331,871.63 | |||||||
| Deposit from Remaining Available Collections to fund Reserve Account |
|
0.00 | ||||||
| Remaining Available Collections Released to Certificateholder |
1,331,871.63 | |||||||
| 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 |
4.95 | % | ||||||
| Weighted Average Remaining Maturity |
25.11 | |||||||
| Amount | Number | |||||||
| Principal on Defaulted Receivables |
86,746.49 | 10 | ||||||
| Principal Recoveries of Defaulted Receivables |
259,828.77 | |||||||
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| Monthly Net Losses |
(173,082.28 | ) | ||||||
| Pool Balance at Beginning of Collection Period |
240,960,120.39 | |||||||
| Net Loss Ratio for Third Preceding Collection Period |
-0.44 | % | ||||||
| Net Loss Ratio for Second Preceding Collection Period |
0.15 | % | ||||||
| Net Loss Ratio for Preceding Collection Period |
0.11 | % | ||||||
| Net Loss Ratio for Current Collection Period |
-0.86 | % | ||||||
| Four-Month Average Net Loss Ratio |
-0.26 | % | ||||||
| Cumulative Net Losses for all Periods |
4,487,797.85 | |||||||
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 |
2,089,208.39 | 162 | 0.94 | % | ||||||||
| 61-90 Days Delinquent |
410,615.56 | 36 | 0.18 | % | ||||||||
| 91-120 Days Delinquent |
96,173.65 | 9 | 0.04 | % | ||||||||
| More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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| Total 31+ Days Delinquent Receivables: |
2,595,997.60 | 207 | 1.17 | % | ||||||||
| 61+ Days Delinquencies as Percentage of Receivables (EOP): |
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| Delinquency Ratio for Third Preceding Collection Period |
0.15 | % | 0.11 | % | ||||||||
| Delinquency Ratio for Second Preceding Collection Period |
0.18 | % | 0.13 | % | ||||||||
| Delinquency Ratio for Preceding Collection Period |
0.19 | % | 0.15 | % | ||||||||
| Delinquency Ratio for Current Collection Period |
0.23 | % | 0.19 | % | ||||||||
| Four-Month Average Delinquency Ratio |
0.19 | % | 0.15 | % | ||||||||
| 60 Day Delinquent Receivables |
532,939.37 | |||||||||||
| Delinquency Percentage |
0.24 | % | ||||||||||
| Delinquency Trigger |
4.90 | % | ||||||||||
| Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
| Principal Balance of Extensions |
875,298.31 | |||||||||||
| Number of Extensions |
64 | |||||||||||
| 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 | ||||||||||