Nissan Auto Receivables 2023-A Owner Trust

09/20/2024 | Press release | Distributed by Public on 09/20/2024 05:03

Asset Backed Issuer Distribution Report Form 10 D

Nissan Auto Receivables 2023-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

1,460,472,153.77 778,500,635.96 743,421,194.72 0.570947

Yield Supplement Overcollaterization

158,388,819.56 63,054,457.11 58,949,358.58

Total Adjusted Pool Balance

1,302,083,334.21 715,446,178.85 684,471,836.14

Total Adjusted Securities

1,302,083,334.21 715,446,178.85 684,471,836.14 0.525674

Class A-1 Notes

5.42400 % 300,000,000.00 0.00 0.00 0.000000

Class A-2a Notes

5.34000 % 227,500,000.00 83,389,606.97 67,816,871.14 0.298096

Class A-2b Notes

6.00353 % 225,000,000.00 82,473,237.67 67,071,630.79 0.298096

Class A-3 Notes

4.91000 % 402,500,000.00 402,500,000.00 402,500,000.00 1.000000

Class A-4 Notes

4.85000 % 95,000,000.00 95,000,000.00 95,000,000.00 1.000000

Certificates

0.00000 % 52,083,334.21 52,083,334.21 52,083,334.21 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

15,572,735.84 371,083.75 68.4515861 1.6311374

Class A-2b Notes

15,401,606.87 440,116.05 68.4515861 1.9560713

Class A-3 Notes

0.00 1,646,895.83 -  4.0916667

Class A-4 Notes

0.00 383,958.33 -  4.0416666

Certificates

0.00 0.00 -  - 

Total Securities

30,974,342.71 2,842,053.96

I. COLLECTIONS

Interest:

Interest Collections

2,259,264.87

Repurchased Loan Proceeds Related to Interest

0.00

Total Interest Collections

2,259,264.87

Principal:

Principal Collections

34,499,702.29

Repurchased Loan Proceeds Related to Principal

0.00

Total Principal Collections

34,499,702.29

Recoveries of Defaulted Receivables

264,390.90

Total Collections

37,023,358.06

II. COLLATERAL POOL BALANCE DATA

Number Amount

Adjusted Pool Balance - Beginning of Period

52,523 715,446,178.85

Total Principal Payment

30,974,342.71
51,201 684,471,836.14

Nissan Auto Receivables 2023-A Owner Trust

Servicer's Certificate

III. DISTRIBUTIONS

Total Collections

37,023,358.06

Reserve Account Draw

0.00

Total Available for Distribution

37,023,358.06

1. Reimbursement of Advance

0.00

2. Servicing Fee:

Servicing Fee Due

648,750.53

Servicing Fee Paid

648,750.53

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

371,083.75

Class A-2a Notes Monthly Interest Paid

371,083.75

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

440,116.05

Class A-2b Notes Monthly Interest Paid

440,116.05

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

1,646,895.83

Class A-3 Notes Monthly Interest Paid

1,646,895.83

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

383,958.33

Class A-4 Notes Monthly Interest Paid

383,958.33

Change in Class A-4 Notes Interest Carryover Shortfall

0.00

Nissan Auto Receivables 2023-A Owner Trust

Servicer's Certificate

Total Note Monthly Interest

Total Note Monthly Interest Due

2,842,053.96

Total Note Monthly Interest Paid

2,842,053.96

Total Note Interest Carryover Shortfall

0.00

Change in Total Note Interest Carryover Shortfall

0.00

Total Available for Principal Distribution

33,532,553.57

4. Total Monthly Principal Paid on the Notes

30,974,342.71

Total Noteholders' Principal Carryover Shortfall

0.00

Total Noteholders' Principal Distributable Amount

30,974,342.71

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

2,558,210.86

Deposit from Remaining Available Collections to fund Reserve Account

0.00

Remaining Available Collections Released to Certificateholder

2,558,210.86

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

3.45 %

Weighted Average Remaining Maturity

38.50
Amount Number

Principal on Defaulted Receivables

579,738.95 32

Principal Recoveries of Defaulted Receivables

264,390.90

Monthly Net Losses

315,348.05

Pool Balance at Beginning of Collection Period

778,500,635.96

Net Loss Ratio for Third Preceding Collection Period

0.05 %

Net Loss Ratio for Second Preceding Collection Period

0.02 %

Net Loss Ratio for Preceding Collection Period

0.56 %

Net Loss Ratio for Current Collection Period

0.49 %

Four-Month Average Net Loss Ratio

0.28 %

Cumulative Net Losses for all Periods

3,014,095.51

Nissan Auto Receivables 2023-A Owner Trust

Servicer's Certificate

Amount Number % of Receivables
(EOP Balance)

Delinquent Receivables:

31-60 Days Delinquent

4,378,465.08 226 0.59 %

61-90 Days Delinquent

1,246,165.50 58 0.17 %

91-120 Days Delinquent

174,397.30 14 0.02 %

More than 120 Days

0.00 0 0.00 %

Total 31+ Days Delinquent Receivables:

5,799,027.88 298 0.78 %

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

Delinquency Ratio for Third Preceding Collection Period

0.11 % 0.09 %

Delinquency Ratio for Second Preceding Collection Period

0.14 % 0.12 %

Delinquency Ratio for Preceding Collection Period

0.11 % 0.10 %

Delinquency Ratio for Current Collection Period

0.19 % 0.14 %

Four-Month Average Delinquency Ratio

0.14 % 0.11 %

60 Day Delinquent Receivables

1,500,077.11

Delinquency Percentage

0.20 %

Delinquency Trigger

4.90 %

Does the Delinquency Percentage exceed the Delinquency Trigger?

No

Principal Balance of Extensions

2,741,555.50

Number of Extensions

132

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