Nissan Auto Receivables 2023-B Owner Trust

09/20/2024 | Press release | Distributed by Public on 09/20/2024 05:04

Asset Backed Issuer Distribution Report Form 10 D

Exhibit 99.1

Nissan Auto Receivables 2023-B 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

1,449,675,307.36 951,765,744.76 907,617,955.71 0.697051

Yield Supplement Overcollaterization

147,591,973.00 79,508,818.27 74,213,772.37

Total Adjusted Pool Balance

1,302,083,334.36 872,256,926.49 833,404,183.34

Total Adjusted Securities

1,302,083,334.36 872,256,926.49 833,404,183.34 0.640054

Class A-1 Notes

5.70900 % 352,000,000.00 0.00 0.00 0.000000

Class A-2a Notes

5.95000 % 219,500,000.00 180,586,796.07 161,160,424.49 0.734216

Class A-2b Notes

5.91353 % 219,500,000.00 180,586,796.07 161,160,424.49 0.734216

Class A-3 Notes

5.93000 % 376,000,000.00 376,000,000.00 376,000,000.00 1.000000

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

Class A-1 Notes

0.00 0.00 -  - 

Class A-2a Notes

19,426,371.58 895,409.53 88.5028318 4.0793145

Class A-2b Notes

19,426,371.58 949,249.28 88.5028318 4.3245981

Class A-3 Notes

0.00 1,858,066.67 -  4.9416667

Class A-4 Notes

0.00 412,233.33 -  4.9666666

Certificates

0.00 0.00 -  - 

Total Securities

38,852,743.15 4,114,958.81

I. COLLECTIONS

Interest:

Interest Collections

3,075,517.09

Repurchased Loan Proceeds Related to Interest

0.00

Total Interest Collections

3,075,517.09

Principal:

Principal Collections

43,603,178.46

Repurchased Loan Proceeds Related to Principal

0.00

Total Principal Collections

43,603,178.46

Recoveries of Defaulted Receivables

189,817.01

Total Collections

46,868,512.56

II. COLLATERAL POOL BALANCE DATA

Number Amount

Adjusted Pool Balance - Beginning of Period

62,900 872,256,926.49

Total Principal Payment

38,852,743.15
61,262 833,404,183.34

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate

III. DISTRIBUTIONS

Total Collections

46,868,512.56

Reserve Account Draw

0.00

Total Available for Distribution

46,868,512.56

1. Reimbursement of Advance

0.00

2. Servicing Fee:

Servicing Fee Due

793,138.12

Servicing Fee Paid

793,138.12

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

895,409.53

Class A-2a Notes Monthly Interest Paid

895,409.53

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

949,249.28

Class A-2b Notes Monthly Interest Paid

949,249.28

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

1,858,066.67

Class A-3 Notes Monthly Interest Paid

1,858,066.67

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

Total Note Monthly Interest Due

4,114,958.81

Total Note Monthly Interest Paid

4,114,958.81

Total Note Interest Carryover Shortfall

0.00

Change in Total Note Interest Carryover Shortfall

0.00

Total Available for Principal Distribution

41,960,415.63

4. Total Monthly Principal Paid on the Notes

38,852,743.15

Total Noteholders' Principal Carryover Shortfall

0.00

Total Noteholders' Principal Distributable Amount

38,852,743.15

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

3,107,672.48

Deposit from Remaining Available Collections to fund Reserve Account

0.00

Remaining Available Collections Released to Certificateholder

3,107,672.48

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

3.86 %

Weighted Average Remaining Maturity

38.50
Amount Number

Principal on Defaulted Receivables

544,610.59 26

Principal Recoveries of Defaulted Receivables

189,817.01

Monthly Net Losses

354,793.58

Pool Balance at Beginning of Collection Period

951,765,744.76

Net Loss Ratio for Third Preceding Collection Period

0.13 %

Net Loss Ratio for Second Preceding Collection Period

0.01 %

Net Loss Ratio for Preceding Collection Period

0.34 %

Net Loss Ratio for Current Collection Period

0.45 %

Four-Month Average Net Loss Ratio

0.23 %

Cumulative Net Losses for all Periods

2,538,553.24

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate

Amount Number % of Receivables
(EOP Balance)

Delinquent Receivables:

31-60 Days Delinquent

3,585,480.75 190 0.40 %

61-90 Days Delinquent

641,597.92 38 0.07 %

91-120 Days Delinquent

83,541.58 11 0.01 %

More than 120 Days

0.00 0 0.00 %

Total 31+ Days Delinquent Receivables:

4,310,620.25 239 0.47 %

61+ Days Delinquencies as Percentage of Receivables (EOP):

Delinquency Ratio for Third Preceding Collection Period

0.07 % 0.07 %

Delinquency Ratio for Second Preceding Collection Period

0.08 % 0.07 %

Delinquency Ratio for Preceding Collection Period

0.10 % 0.09 %

Delinquency Ratio for Current Collection Period

0.08 % 0.08 %

Four-Month Average Delinquency Ratio

0.08 % 0.08 %

60 Day Delinquent Receivables

749,308.72

Delinquency Percentage

0.08 %

Delinquency Trigger

4.90 %

Does the Delinquency Percentage exceed the Delinquency Trigger?

No

Principal Balance of Extensions

2,385,302.39

Number of Extensions

117

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