09/20/2024 | Press release | Distributed by Public on 09/20/2024 05:04
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
Collection Period |
31-Aug-24 | 30/360 Days | 30 | Collection Period Start | 1-Aug-24 | |||||||||||
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 |
1,113,826,202.14 | 202,776,756.81 | 188,473,750.19 | 0.180935 | ||||||||||||||||
Yield Supplement Overcollaterization |
72,159,533.65 | 5,844,716.70 | 5,240,565.80 | |||||||||||||||||
Total Adjusted Pool Balance |
1,041,666,668.49 | 196,932,040.11 | 183,233,184.39 | |||||||||||||||||
Total Adjusted Securities |
1,041,666,668.49 | 196,932,040.11 | 183,233,184.39 | 0.175904 | ||||||||||||||||
Class A-1 Notes |
0.05908 | % | 172,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
0.16000 | % | 356,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
0.33000 | % | 356,500,000.00 | 40,265,371.62 | 26,566,515.90 | 0.074520 | ||||||||||||||
Class A-4 Notes |
0.57000 | % | 115,000,000.00 | 115,000,000.00 | 115,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 41,666,668.49 | 41,666,668.49 | 41,666,668.49 | 1.000000 | ||||||||||||||
Principal Payment |
Interest Payment |
Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
|||||||||||||||||
Class A-1 Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-2a Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-3 Notes |
13,698,855.72 | 11,072.98 | 38.4259627 | 0.0310603 | ||||||||||||||||
Class A-4 Notes |
0.00 | 54,625.00 | - | 0.4750000 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
13,698,855.72 | 65,697.98 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
245,841.78 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
245,841.78 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
14,130,741.04 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
14,130,741.04 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
97,478.14 | |||||||||||||||||||
Total Collections |
14,474,060.96 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
23,425 | 196,932,040.11 | ||||||||||||||||||
Total Principal Payment |
13,698,855.72 | |||||||||||||||||||
22,784 | 183,233,184.39 |
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
14,474,060.96 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
14,474,060.96 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
168,980.63 | |||
Servicing Fee Paid |
168,980.63 | |||
Servicing Fee Shortfall |
0.00 | |||
3. Interest: |
||||
Class A-1 Notes Monthly Interest |
||||
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-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 |
11,072.98 | |||
Class A-3 Notes Monthly Interest Paid |
11,072.98 | |||
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 |
54,625.00 | |||
Class A-4 Notes Monthly Interest Paid |
54,625.00 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
65,697.98 | |||||||
Total Note Monthly Interest Paid |
65,697.98 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
14,239,382.35 | |||||||
4. Total Monthly Principal Paid on the Notes |
13,698,855.72 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
13,698,855.72 | |||||||
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 |
540,526.63 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
540,526.63 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
2,604,166.67 | |||||||
Required Reserve Account Amount |
2,604,166.67 | |||||||
Beginning Reserve Account Balance |
2,604,166.67 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
2,604,166.67 | |||||||
Required Reserve Account Amount for Next Period |
2,604,166.67 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
1.44 | % | ||||||
Weighted Average Remaining Maturity |
21.29 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
172,265.58 | 13 | ||||||
Principal Recoveries of Defaulted Receivables |
97,478.14 | |||||||
Monthly Net Losses |
74,787.44 | |||||||
Pool Balance at Beginning of Collection Period |
202,776,756.81 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
-0.16 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.55 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.34 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.44 | % | ||||||
Four-Month Average Net Loss Ratio |
0.30 | % | ||||||
Cumulative Net Losses for all Periods |
2,723,641.55 |
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
1,454,531.06 | 132 | 0.77 | % | ||||||||
61-90 Days Delinquent |
240,355.62 | 25 | 0.13 | % | ||||||||
91-120 Days Delinquent |
148,402.82 | 10 | 0.08 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
1,843,289.50 | 167 | 0.98 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.21 | % | 0.15 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.22 | % | 0.16 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.28 | % | 0.20 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.21 | % | 0.15 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.23 | % | 0.16 | % | ||||||||
60 Day Delinquent Receivables |
397,941.51 | |||||||||||
Delinquency Percentage |
0.21 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
637,224.72 | |||||||||||
Number of Extensions |
57 | |||||||||||
VII. STATEMENTS TO NOTEHOLDERS |
||||||||||||
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 | |||||||||||
2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables? |
NO | |||||||||||
3. Has there been an issuance of notes or other securities backed by the Receivables? |
NO | |||||||||||
4. Has there been a material change in the underwriting, origination or acquisition of Receivables? |
NO |