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Company News

Nissan Auto Receivables 2024-A Owner Trust

11/22/2024 | Press release | Distributed by Public on 11/22/2024 14:58

Asset Backed Issuer Distribution Report Form 10 D

Nissan Auto Receivables 2024-A Owner Trust

Servicer's Certificate

Collection Period

31-Oct-24

30/360 Days

Collection Period Start

1-Oct-24

Distribution Date

15-Nov-24

Actual/360 Days

Collection Period End

31-Oct-24

Prior Month Settlement Date

15-Oct-24

Current Month Settlement Date

15-Nov-24


	Coupon Rate			Initial Balance			Beginning Balance		Ending Balance		Pool Factor
Pool Balance			1,424,116,746.73				1,182,994,731.39			1,136,364,987.26			0.872728
Yield Supplement Overcollaterization			122,033,411.09				92,181,182.25			86,863,315.14
Total Adjusted Pool Balance			1,302,083,335.64				1,090,813,549.14			1,049,501,672.12
Total Adjusted Securities			1,302,083,335.64				1,090,813,549.14			1,049,501,672.12			0.806017
Class A-1 Notes		5.51200	%			279,000,000.00			67,730,213.50			26,418,336.48		0.094689
Class A-2a Notes		5.47000	%			145,000,000.00			145,000,000.00			145,000,000.00		1.000000
Class A-2b Notes		5.38981	%			293,000,000.00			293,000,000.00			293,000,000.00		1.000000
Class A-3 Notes		5.28000	%			438,000,000.00			438,000,000.00			438,000,000.00		1.000000
Class A-4 Notes		5.18000	%			95,000,000.00			95,000,000.00			95,000,000.00		1.000000
Certificates		0.00000	%			52,083,335.64			52,083,335.64			52,083,335.64		1.000000

	Principal Payment			Interest Payment			Principal per $1000 Face Amount		Interest per $1000 Face Amount
Class A-1 Notes		41,311,877.02				321,477.70			148.0712438			1.1522498
Class A-2a Notes		0.00				660,958.33			-			4.5583333
Class A-2b Notes		0.00				1,359,879.01			-			4.6412253
Class A-3 Notes		0.00				1,927,200.00			-			4.4000000
Class A-4 Notes		0.00				410,083.33			-			4.3166666
Certificates		0.00				0.00			-			-

Total Securities		41,311,877.02				4,679,598.37


I. COLLECTIONS

Interest:
Interest Collections					4,797,588.84
Repurchased Loan Proceeds Related to Interest				0.00

Total Interest Collections					4,797,588.84
Principal:
Principal Collections					46,039,550.82
Repurchased Loan Proceeds Related to Principal				0.00

Total Principal Collections					46,039,550.82
Recoveries of Defaulted Receivables					328,625.05

Total Collections					51,165,764.71


II. COLLATERAL POOL BALANCE DATA

							Number		Amount
Adjusted Pool Balance - Beginning of Period				61,580				1,090,813,549.14
Total Principal Payment					41,311,877.02

			60,306				1,049,501,672.12

Page 1 of 4

Nissan Auto Receivables 2024-A Owner Trust

Servicer's Certificate


III. DISTRIBUTIONS

Total Collections			51,165,764.71
Reserve Account Draw			0.00
Total Available for Distribution			51,165,764.71
1. Reimbursement of Advance			0.00
2. Servicing Fee:
Servicing Fee Due			985,828.94
Servicing Fee Paid			985,828.94
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			321,477.70
Class A-1 Notes Monthly Interest Paid			321,477.70
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			660,958.33
Class A-2a Notes Monthly Interest Paid			660,958.33
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			1,359,879.01
Class A-2b Notes Monthly Interest Paid			1,359,879.01
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			1,927,200.00
Class A-3 Notes Monthly Interest Paid			1,927,200.00
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			410,083.33
Class A-4 Notes Monthly Interest Paid			410,083.33
Change in Class A-4 Notes Interest Carryover Shortfall			0.00

Page 2 of 4

Nissan Auto Receivables 2024-A Owner Trust

Servicer's Certificate


Total Note Monthly Interest
Total Note Monthly Interest Due			4,679,598.37
Total Note Monthly Interest Paid			4,679,598.37
Total Note Interest Carryover Shortfall			0.00
Change in Total Note Interest Carryover Shortfall			0.00
Total Available for Principal Distribution			45,500,337.40
4. Total Monthly Principal Paid on the Notes			41,311,877.02
Total Noteholders' Principal Carryover Shortfall			0.00
Total Noteholders' Principal Distributable Amount			41,311,877.02
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			4,188,460.38
Deposit from Remaining Available Collections to fund Reserve Account			0.00
Remaining Available Collections Released to Certificateholder			4,188,460.38

V. RESERVE ACCOUNT

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

Weighted Average Coupon			4.92	%
Weighted Average Remaining Maturity			46.32

	Amount			Number
Principal on Defaulted Receivables		590,193.31			24
Principal Recoveries of Defaulted Receivables		328,625.05

Monthly Net Losses		261,568.26
Pool Balance at Beginning of Collection Period		1,182,994,731.39
Net Loss Ratio for Third Preceding Collection Period		0.41	%
Net Loss Ratio for Second Preceding Collection Period		0.50	%
Net Loss Ratio for Preceding Collection Period		0.24	%
Net Loss Ratio for Current Collection Period		0.27	%
Four-Month Average Net Loss Ratio		0.35	%
Cumulative Net Losses for all Periods		1,740,159.69

Page 3 of 4

Nissan Auto Receivables 2024-A Owner Trust

Servicer's Certificate


	Amount			Number		% of Receivables (EOP Balance)
Delinquent Receivables:
31-60 Days Delinquent		4,331,433.14			199		0.38	%
61-90 Days Delinquent		624,626.52			34		0.05	%
91-120 Days Delinquent		242,340.84			13		0.02	%
More than 120 Days		0.00			0		0.00	%

Total 31+ Days Delinquent Receivables:		5,198,400.50			246		0.46	%
61+ Days Delinquencies as Percentage of Receivables (EOP):
Delinquency Ratio for Third Preceding Collection Period		0.06	%		0.05	%
Delinquency Ratio for Second Preceding Collection Period		0.06	%		0.07	%
Delinquency Ratio for Preceding Collection Period		0.07	%		0.07	%
Delinquency Ratio for Current Collection Period		0.08	%		0.08	%
Four-Month Average Delinquency Ratio		0.07	%		0.06	%
60 Day Delinquent Receivables		866,967.36
Delinquency Percentage		0.08	%
Delinquency Trigger		4.90	%
Does the Delinquency Percentage exceed the Delinquency Trigger?		No
Principal Balance of Extensions		4,768,171.55
Number of Extensions		170

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

Page 4 of 4

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