Nissan Auto Receivables 2022-A Owner Trust
09/20/2024 | Press release | Distributed by Public on 09/20/2024 05:06
Asset Backed Issuer Distribution Report Form 10 D
Nissan Auto Receivables 2022-A 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 |
1,142,065,005.32 | 341,054,142.92 | 322,765,439.88 | 0.309855 | ||||||||||||||||
|
Yield Supplement Overcollaterization |
100,398,337.54 | 16,381,008.15 | 15,045,096.38 | |||||||||||||||||
|
Total Adjusted Pool Balance |
1,041,666,667.78 | 324,673,134.77 | 307,720,343.50 | |||||||||||||||||
|
Total Adjusted Securities |
1,041,666,667.78 | 324,673,134.77 | 307,720,343.50 | 0.295412 | ||||||||||||||||
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Class A-1 Notes |
0.49597 | % | 180,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
|
Class A-2a Notes |
1.32000 | % | 365,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
|
Class A-3 Notes |
1.86000 | % | 365,000,000.00 | 193,006,466.99 | 176,053,675.72 | 0.482339 | ||||||||||||||
|
Class A-4 Notes |
2.07000 | % | 90,000,000.00 | 90,000,000.00 | 90,000,000.00 | 1.000000 | ||||||||||||||
|
Certificates |
0.00000 | % | 41,666,667.78 | 41,666,667.78 | 41,666,667.78 | 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 | - | - | ||||||||||||||||
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Class A-2a Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
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Class A-3 Notes |
16,952,791.27 | 299,160.02 | 46.4460035 | 0.8196165 | ||||||||||||||||
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Class A-4 Notes |
0.00 | 155,250.00 | - | 1.7250000 | ||||||||||||||||
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Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
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Total Securities |
16,952,791.27 | 454,410.02 | ||||||||||||||||||
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I. COLLECTIONS |
||||||||||||||||||||
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Interest: |
||||||||||||||||||||
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Interest Collections |
397,628.92 | |||||||||||||||||||
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Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
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Total Interest Collections |
397,628.92 | |||||||||||||||||||
|
Principal: |
||||||||||||||||||||
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Principal Collections |
18,098,797.58 | |||||||||||||||||||
|
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
|
Total Principal Collections |
18,098,797.58 | |||||||||||||||||||
|
Recoveries of Defaulted Receivables |
59,989.41 | |||||||||||||||||||
|
Total Collections |
18,556,415.91 | |||||||||||||||||||
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II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
| Number | Amount | |||||||||||||||||||
|
Adjusted Pool Balance - Beginning of Period |
29,547 | 324,673,134.77 | ||||||||||||||||||
|
Total Principal Payment |
16,952,791.27 | |||||||||||||||||||
| 28,596 | 307,720,343.50 |
Nissan Auto Receivables 2022-A Owner Trust
Servicer's Certificate
|
III. DISTRIBUTIONS |
||||
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Total Collections |
18,556,415.91 | |||
|
Reserve Account Draw |
0.00 | |||
|
Total Available for Distribution |
18,556,415.91 | |||
|
1. Reimbursement of Advance |
0.00 | |||
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2. Servicing Fee: |
||||
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Servicing Fee Due |
284,211.79 | |||
|
Servicing Fee Paid |
284,211.79 | |||
|
Servicing Fee Shortfall |
0.00 | |||
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3. Interest: |
||||
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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 |
299,160.02 | |||
|
Class A-3 Notes Monthly Interest Paid |
299,160.02 | |||
|
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 |
155,250.00 | |||
|
Class A-4 Notes Monthly Interest Paid |
155,250.00 | |||
|
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2022-A Owner Trust
Servicer's Certificate
|
Total Note Monthly Interest |
||||||||
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Total Note Monthly Interest Due |
454,410.02 | |||||||
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Total Note Monthly Interest Paid |
454,410.02 | |||||||
|
Total Note Interest Carryover Shortfall |
0.00 | |||||||
|
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
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Total Available for Principal Distribution |
17,817,794.10 | |||||||
|
4. Total Monthly Principal Paid on the Notes |
16,952,791.27 | |||||||
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Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
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Total Noteholders' Principal Distributable Amount |
16,952,791.27 | |||||||
|
Change in Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
|
5. Total Monthly Principal Paid on the Certificates |
0.00 | |||||||
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Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
|
Total Certificateholders' Principal Distributable Amount |
0.00 | |||||||
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Change in Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
|
Remaining Available Collections |
865,002.83 | |||||||
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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 |
865,002.83 | |||||||
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V. RESERVE ACCOUNT |
||||||||
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Initial Reserve Account Amount |
2,604,166.67 | |||||||
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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 | |||||||
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VI. POOL STATISTICS |
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|
Weighted Average Coupon |
1.38 | % | ||||||
|
Weighted Average Remaining Maturity |
28.09 | |||||||
| Amount | Number | |||||||
|
Principal on Defaulted Receivables |
189,905.46 | 12 | ||||||
|
Principal Recoveries of Defaulted Receivables |
59,989.41 | |||||||
|
Monthly Net Losses |
129,916.05 | |||||||
|
Pool Balance at Beginning of Collection Period |
341,054,142.92 | |||||||
|
Net Loss Ratio for Third Preceding Collection Period |
0.06 | % | ||||||
|
Net Loss Ratio for Second Preceding Collection Period |
0.08 | % | ||||||
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Net Loss Ratio for Preceding Collection Period |
0.06 | % | ||||||
|
Net Loss Ratio for Current Collection Period |
0.46 | % | ||||||
|
Four-Month Average Net Loss Ratio |
0.16 | % | ||||||
|
Cumulative Net Losses for all Periods |
2,116,757.34 |
Nissan Auto Receivables 2022-A Owner Trust
Servicer's Certificate
| Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
|
Delinquent Receivables: |
||||||||||||
|
31-60 Days Delinquent |
1,882,205.14 | 127 | 0.58 | % | ||||||||
|
61-90 Days Delinquent |
424,613.28 | 30 | 0.13 | % | ||||||||
|
91-120 Days Delinquent |
60,290.33 | 7 | 0.02 | % | ||||||||
|
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
|
Total 31+ Days Delinquent Receivables: |
2,367,108.75 | 164 | 0.73 | % | ||||||||
|
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
|
Delinquency Ratio for Third Preceding Collection Period |
0.12 | % | 0.11 | % | ||||||||
|
Delinquency Ratio for Second Preceding Collection Period |
0.14 | % | 0.13 | % | ||||||||
|
Delinquency Ratio for Preceding Collection Period |
0.11 | % | 0.09 | % | ||||||||
|
Delinquency Ratio for Current Collection Period |
0.15 | % | 0.13 | % | ||||||||
|
Four-Month Average Delinquency Ratio |
0.13 | % | 0.12 | % | ||||||||
|
60 Day Delinquent Receivables |
571,109.52 | |||||||||||
|
Delinquency Percentage |
0.18 | % | ||||||||||
|
Delinquency Trigger |
4.90 | % | ||||||||||
|
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
|
Principal Balance of Extensions |
1,130,945.51 | |||||||||||
|
Number of Extensions |
76 | |||||||||||
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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 |