Results
Nissan Auto Receivables 2022-B Owner Trust
09/20/2024 | Press release | Distributed by Public on 09/20/2024 05:08
Asset Backed Issuer Distribution Report Form 10 D
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
|
Collection Period |
31-Aug-24 | 30/360 Days | 30 | Collection Period Start | 1-Aug-24 | |||||||||||
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Distribution Date |
16-Sep-24 | Actual/360 Days | 32 | Collection Period End | 31-Aug-24 | |||||||||||
| Prior Month Settlement Date | 15-Aug-24 | |||||||||||||||
| Current Month Settlement Date | 16-Sep-24 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
|
Pool Balance |
1,477,843,167.03 | 627,149,022.53 | 597,497,201.04 | 0.458855 | ||||||||||||||||
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Yield Supplement Overcollaterization |
175,694,119.15 | 49,479,286.85 | 46,138,286.62 | |||||||||||||||||
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Total Adjusted Pool Balance |
1,302,149,047.88 | 577,669,735.68 | 551,358,914.42 | |||||||||||||||||
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Total Adjusted Securities |
1,302,149,047.88 | 577,669,735.68 | 551,358,914.42 | 0.423422 | ||||||||||||||||
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Class A-1 Notes |
3.68800 | % | 270,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
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Class A-2a Notes |
4.50000 | % | 443,300,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
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Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
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Class A-3 Notes |
4.46000 | % | 443,300,000.00 | 432,120,687.80 | 405,809,866.54 | 0.915429 | ||||||||||||||
|
Class A-4 Notes |
4.45000 | % | 93,400,000.00 | 93,400,000.00 | 93,400,000.00 | 1.000000 | ||||||||||||||
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Certificates |
0.00000 | % | 52,149,047.88 | 52,149,047.88 | 52,149,047.88 | 1.000000 | ||||||||||||||
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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 | - | - | ||||||||||||||||
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Class A-2a Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
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Class A-2b Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
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Class A-3 Notes |
26,310,821.26 | 1,606,048.56 | 59.3521797 | 3.6229383 | ||||||||||||||||
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Class A-4 Notes |
0.00 | 346,358.33 | - | 3.7083333 | ||||||||||||||||
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Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
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Total Securities |
26,310,821.26 | 1,952,406.89 | ||||||||||||||||||
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I. COLLECTIONS |
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Interest: |
||||||||||||||||||||
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Interest Collections |
1,368,814.13 | |||||||||||||||||||
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Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
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Total Interest Collections |
1,368,814.13 | |||||||||||||||||||
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Principal: |
||||||||||||||||||||
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Principal Collections |
29,147,791.42 | |||||||||||||||||||
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Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
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Total Principal Collections |
29,147,791.42 | |||||||||||||||||||
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Recoveries of Defaulted Receivables |
262,310.36 | |||||||||||||||||||
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Total Collections |
30,778,915.91 | |||||||||||||||||||
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II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
| Number | Amount | |||||||||||||||||||
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Adjusted Pool Balance - Beginning of Period |
43,979 | 577,669,735.68 | ||||||||||||||||||
|
Total Principal Payment |
26,310,821.26 | |||||||||||||||||||
| 42,938 | 551,358,914.42 |
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
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III. DISTRIBUTIONS |
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Total Collections |
30,778,915.91 | |||
|
Reserve Account Draw |
0.00 | |||
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Total Available for Distribution |
30,778,915.91 | |||
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1. Reimbursement of Advance |
0.00 | |||
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2. Servicing Fee: |
||||
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Servicing Fee Due |
522,624.19 | |||
|
Servicing Fee Paid |
522,624.19 | |||
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Servicing Fee Shortfall |
0.00 | |||
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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 | |||
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Class A-1 Notes Monthly Interest Distributable Amount |
0.00 | |||
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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 | |||
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Class A-2a Notes Interest on Interest Carryover Shortfall |
0.00 | |||
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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 | |||
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Class A-2b Notes Interest on Interest Carryover Shortfall |
0.00 | |||
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Class A-2b Notes Monthly Interest Distributable Amount |
0.00 | |||
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Class A-2b Notes Monthly Interest Paid |
0.00 | |||
|
Change in Class A-2b Notes Interest Carryover Shortfall |
0.00 | |||
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Class A-3 Notes Monthly Interest |
||||
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Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
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Class A-3 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
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Class A-3 Notes Monthly Interest Distributable Amount |
1,606,048.56 | |||
|
Class A-3 Notes Monthly Interest Paid |
1,606,048.56 | |||
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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 | |||
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Class A-4 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
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Class A-4 Notes Monthly Interest Distributable Amount |
346,358.33 | |||
|
Class A-4 Notes Monthly Interest Paid |
346,358.33 | |||
|
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
|
Total Note Monthly Interest |
||||||||
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Total Note Monthly Interest Due |
1,952,406.89 | |||||||
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Total Note Monthly Interest Paid |
1,952,406.89 | |||||||
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Total Note Interest Carryover Shortfall |
0.00 | |||||||
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Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
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Total Available for Principal Distribution |
28,303,884.83 | |||||||
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4. Total Monthly Principal Paid on the Notes |
26,310,821.26 | |||||||
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Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
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Total Noteholders' Principal Distributable Amount |
26,310,821.26 | |||||||
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Change in Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
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5. Total Monthly Principal Paid on the Certificates |
0.00 | |||||||
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Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
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Total Certificateholders' Principal Distributable Amount |
0.00 | |||||||
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Change in Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
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Remaining Available Collections |
1,993,063.57 | |||||||
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Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
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Remaining Available Collections Released to Certificateholder |
1,993,063.57 | |||||||
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V. RESERVE ACCOUNT |
||||||||
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Initial Reserve Account Amount |
3,255,372.62 | |||||||
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Required Reserve Account Amount |
3,255,372.62 | |||||||
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Beginning Reserve Account Balance |
3,255,372.62 | |||||||
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Deposit of Remaining Available Collections |
0.00 | |||||||
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Ending Reserve Account Balance |
3,255,372.62 | |||||||
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Required Reserve Account Amount for Next Period |
3,255,372.62 | |||||||
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VI. POOL STATISTICS |
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Weighted Average Coupon |
2.59 | % | ||||||
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Weighted Average Remaining Maturity |
35.36 | |||||||
| Amount | Number | |||||||
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Principal on Defaulted Receivables |
504,030.07 | 23 | ||||||
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Principal Recoveries of Defaulted Receivables |
262,310.36 | |||||||
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Monthly Net Losses |
241,719.71 | |||||||
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Pool Balance at Beginning of Collection Period |
627,149,022.53 | |||||||
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Net Loss Ratio for Third Preceding Collection Period |
0.38 | % | ||||||
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Net Loss Ratio for Second Preceding Collection Period |
0.00 | % | ||||||
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Net Loss Ratio for Preceding Collection Period |
0.71 | % | ||||||
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Net Loss Ratio for Current Collection Period |
0.46 | % | ||||||
|
Four-Month Average Net Loss Ratio |
0.39 | % | ||||||
|
Cumulative Net Losses for all Periods |
4,184,673.34 |
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
| Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
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Delinquent Receivables: |
||||||||||||
|
31-60 Days Delinquent |
3,724,917.78 | 184 | 0.62 | % | ||||||||
|
61-90 Days Delinquent |
524,906.98 | 28 | 0.09 | % | ||||||||
|
91-120 Days Delinquent |
159,878.92 | 9 | 0.03 | % | ||||||||
|
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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Total 31+ Days Delinquent Receivables: |
4,409,703.68 | 221 | 0.74 | % | ||||||||
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61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
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Delinquency Ratio for Third Preceding Collection Period |
0.15 | % | 0.10 | % | ||||||||
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Delinquency Ratio for Second Preceding Collection Period |
0.20 | % | 0.14 | % | ||||||||
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Delinquency Ratio for Preceding Collection Period |
0.17 | % | 0.12 | % | ||||||||
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Delinquency Ratio for Current Collection Period |
0.11 | % | 0.09 | % | ||||||||
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Four-Month Average Delinquency Ratio |
0.16 | % | 0.11 | % | ||||||||
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60 Day Delinquent Receivables |
808,602.14 | |||||||||||
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Delinquency Percentage |
0.14 | % | ||||||||||
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Delinquency Trigger |
4.90 | % | ||||||||||
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Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
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Principal Balance of Extensions |
2,428,667.33 | |||||||||||
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Number of Extensions |
110 | |||||||||||
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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? |
NO | |||||||||||
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2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables? |
NO | |||||||||||
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3. Has there been an issuance of notes or other securities backed by the Receivables? |
NO | |||||||||||
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4. Has there been a material change in the underwriting, origination or acquisition of Receivables? |
NO |