Exhibit 99.1
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
| Collection Period |
31-Jul-26 | 30/360 Days | 30 | Collection Period Start | 1-Jul-26 | |||||||||||
| Distribution Date |
17-Aug-26 | Actual/360 Days | 33 | Collection Period End | 31-Jul-26 | |||||||||||
| Prior Month Settlement Date | 15-Jul-26 | |||||||||||||||
| Current Month Settlement Date | 17-Aug-26 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
| Pool Balance |
1,449,675,307.36 | 222,757,742.02 | 205,921,371.27 | 0.158148 | ||||||||||||||||
| Yield Supplement Overcollaterization |
|
147,591,973.00 | 10,416,574.31 | 9,321,236.24 | ||||||||||||||||
| Total Adjusted Pool Balance |
|
1,302,083,334.36 | 212,341,167.71 | 196,600,135.03 | ||||||||||||||||
| Total Adjusted Securities |
1,302,083,334.36 | 212,341,167.71 | 196,600,135.03 | 0.150989 | ||||||||||||||||
| 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 |
4.18539 | % | 219,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-3 Notes |
5.93000 | % | 376,000,000.00 | 77,257,833.35 | 61,516,800.67 | 0.163609 | ||||||||||||||
| 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 |
15,741,032.68 | 381,782.46 | 41.8644486 | 1.0153789 | ||||||||||||||||
| Class A-4 Notes |
0.00 | 412,233.33 | — | 4.9666666 | ||||||||||||||||
| Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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| Total Securities |
15,741,032.68 | 794,015.79 | ||||||||||||||||||
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| I. COLLECTIONS |
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| Interest: |
||||||||||||||||||||
| Interest Collections |
930,095.73 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Interest |
|
0.00 | ||||||||||||||||||
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| Total Interest Collections |
930,095.73 | |||||||||||||||||||
| Principal: |
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| Principal Collections |
16,703,033.36 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Principal |
|
0.00 | ||||||||||||||||||
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| Total Principal Collections |
16,703,033.36 | |||||||||||||||||||
| Recoveries of Defaulted Receivables |
|
217,480.23 | ||||||||||||||||||
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| Total Collections |
17,850,609.32 | |||||||||||||||||||
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| II. COLLATERAL POOL BALANCE DATA |
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| Number | Amount | |||||||||||||||||||
| Adjusted Pool Balance - Beginning of Period |
|
24,310 | 212,341,167.71 | |||||||||||||||||
| Total Principal Payment |
15,741,032.68 | |||||||||||||||||||
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| 22,967 | 196,600,135.03 | |||||||||||||||||||
Nissan Auto Receivables 2023-B Owner Trust
Servicer’s Certificate
| III. DISTRIBUTIONS |
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| Total Collections |
17,850,609.32 | |||
| Reserve Account Draw |
0.00 | |||
| Total Available for Distribution |
17,850,609.32 | |||
| 1. Reimbursement of Advance |
0.00 | |||
| 2. Servicing Fee: |
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| Servicing Fee Due |
185,631.45 | |||
| Servicing Fee Paid |
185,631.45 | |||
| 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 |
381,782.46 | |||
| Class A-3 Notes Monthly Interest Paid |
381,782.46 | |||
| 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 |
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 |
794,015.79 | |||||||
| Total Note Monthly Interest Paid |
794,015.79 | |||||||
| Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Total Available for Principal Distribution |
16,870,962.08 | |||||||
| 4. Total Monthly Principal Paid on the Notes |
15,741,032.68 | |||||||
| Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
| Total Noteholders’ Principal Distributable Amount |
15,741,032.68 | |||||||
| 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 |
1,129,929.40 | |||||||
| Deposit from Remaining Available Collections to fund Reserve Account |
|
0.00 | ||||||
| Remaining Available Collections Released to Certificateholder |
1,129,929.40 | |||||||
| 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 |
5.01 | % | ||||||
| Weighted Average Remaining Maturity |
24.47 | |||||||
| Amount | Number | |||||||
| Principal on Defaulted Receivables |
133,337.39 | 14 | ||||||
| Principal Recoveries of Defaulted Receivables |
217,480.23 | |||||||
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| Monthly Net Losses |
(84,142.84 | ) | ||||||
| Pool Balance at Beginning of Collection Period |
222,757,742.02 | |||||||
| Net Loss Ratio for Third Preceding Collection Period |
0.15 | % | ||||||
| Net Loss Ratio for Second Preceding Collection Period |
0.11 | % | ||||||
| Net Loss Ratio for Preceding Collection Period |
-0.86 | % | ||||||
| Net Loss Ratio for Current Collection Period |
-0.45 | % | ||||||
| Four-Month Average Net Loss Ratio |
-0.26 | % | ||||||
| Cumulative Net Losses for all Periods |
4,403,655.01 | |||||||
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 |
2,124,010.07 | 175 | 1.03 | % | ||||||||
| 61-90 Days Delinquent |
238,887.10 | 25 | 0.12 | % | ||||||||
| 91-120 Days Delinquent |
60,853.24 | 11 | 0.03 | % | ||||||||
| More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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| Total 31+ Days Delinquent Receivables: |
2,423,750.41 | 211 | 1.18 | % | ||||||||
| 61+ Days Delinquencies as Percentage of Receivables (EOP): |
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| Delinquency Ratio for Third Preceding Collection Period |
0.18 | % | 0.13 | % | ||||||||
| Delinquency Ratio for Second Preceding Collection Period |
0.19 | % | 0.15 | % | ||||||||
| Delinquency Ratio for Preceding Collection Period |
0.23 | % | 0.19 | % | ||||||||
| Delinquency Ratio for Current Collection Period |
0.15 | % | 0.16 | % | ||||||||
| Four-Month Average Delinquency Ratio |
0.19 | % | 0.16 | % | ||||||||
| 60 Day Delinquent Receivables |
307,832.60 | |||||||||||
| Delinquency Percentage |
0.15 | % | ||||||||||
| Delinquency Trigger |
4.90 | % | ||||||||||
| Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
| Principal Balance of Extensions |
930,748.22 | |||||||||||
| Number of Extensions |
66 | |||||||||||
| 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 | ||||||||||