09/20/2024 | Press release | Distributed by Public on 09/20/2024 05:01
Nissan Auto Receivables 2020-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 |
1,119,632,940.81 | 51,014,535.12 | 0.00 | 0.000000 | ||||||||||||||||
Yield Supplement Overcollaterization |
72,495,090.62 | 706,954.28 | 0.00 | |||||||||||||||||
Total Adjusted Pool Balance |
1,047,137,850.19 | 50,307,580.84 | 0.00 | |||||||||||||||||
Total Adjusted Securities |
1,047,137,850.19 | 50,307,580.84 | 0.00 | 0.000000 | ||||||||||||||||
Class A-1 Notes |
0.97793 | % | 162,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
1.45000 | % | 352,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
1.38000 | % | 401,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-4 Notes |
1.70000 | % | 85,000,000.00 | 3,169,730.65 | 0.00 | 0.000000 | ||||||||||||||
Certificates |
0.00000 | % | 47,137,850.19 | 47,137,850.19 | 0.00 | 0.000000 | ||||||||||||||
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-2b Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-3 Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-4 Notes |
3,169,730.65 | 4,490.45 | 37.2909488 | 0.0528288 | ||||||||||||||||
Certificates |
47,137,850.19 | 0.00 | 1,000.0000000 | - | ||||||||||||||||
Total Securities |
50,307,580.84 | 4,490.45 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
151,879.38 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
151,879.38 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
6,602,813.01 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
44,348,131.17 | |||||||||||||||||||
Total Principal Collections |
50,950,944.18 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
80,880.92 | |||||||||||||||||||
Total Collections |
51,183,704.48 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
12,433 | 50,307,580.84 | ||||||||||||||||||
Total Principal Payment |
50,307,580.84 | |||||||||||||||||||
- | 0.00 |
Nissan Auto Receivables 2020-A Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
51,183,704.48 | |||
Reserve Account Draw |
10,471,378.50 | |||
Total Available for Distribution |
61,655,082.98 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
42,512.11 | |||
Servicing Fee Paid |
42,512.11 | |||
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 |
0.00 | |||
Class A-3 Notes Monthly Interest Paid |
0.00 | |||
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 |
4,490.45 | |||
Class A-4 Notes Monthly Interest Paid |
4,490.45 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2020-A Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
4,490.45 | |||||||
Total Note Monthly Interest Paid |
4,490.45 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
61,608,080.42 | |||||||
4. Total Monthly Principal Paid on the Notes |
3,169,730.65 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
3,169,730.65 | |||||||
Change in Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
5. Total Monthly Principal Paid on the Certificates |
47,137,850.19 | |||||||
Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Certificateholders' Principal Distributable Amount |
47,137,850.19 | |||||||
Change in Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
Remaining Available Collections |
11,300,499.58 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
11,300,499.58 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
10,471,378.50 | |||||||
Required Reserve Account Amount |
0.00 | |||||||
Beginning Reserve Account Balance |
10,471,378.50 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
0.00 | |||||||
Required Reserve Account Amount for Next Period |
0.00 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
3.66 | % | ||||||
Weighted Average Remaining Maturity |
12.35 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
63,590.94 | 13 | ||||||
Principal Recoveries of Defaulted Receivables |
80,880.92 | |||||||
Monthly Net Losses |
(17,289.98 | ) | ||||||
Pool Balance at Beginning of Collection Period |
51,014,535.12 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
-0.29 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
-0.51 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
-0.43 | % | ||||||
Net Loss Ratio for Current Collection Period |
-0.41 | % | ||||||
Four-Month Average Net Loss Ratio |
-0.41 | % | ||||||
Cumulative Net Losses for all Periods |
3,314,717.45 |
Nissan Auto Receivables 2020-A Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
731,454.73 | 117 | 0.00 | % | ||||||||
61-90 Days Delinquent |
89,748.00 | 17 | 0.00 | % | ||||||||
91-120 Days Delinquent |
74,910.11 | 9 | 0.00 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
896,112.84 | 143 | 0.00 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.25 | % | 0.17 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.38 | % | 0.24 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.48 | % | 0.28 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.00 | % | 0.00 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.28 | % | 0.17 | % | ||||||||
60 Day Delinquent Receivables |
176,840.58 | |||||||||||
Delinquency Percentage |
0.00 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
285,930.35 | |||||||||||
Number of Extensions |
37 | |||||||||||
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 |