11/22/2024 | Press release | Distributed by Public on 11/22/2024 14:44
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
Collection Period |
31-Oct-24 | 30/360 Days | 30 | Collection Period Start | 1-Oct-24 | |||||||||||
Distribution Date |
15-Nov-24 | Actual/360 Days | 31 | 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 |
1,113,826,202.14 | 175,272,793.23 | 162,242,225.35 | 0.155753 | ||||||||||||||||
Yield Supplement Overcollaterization |
72,159,533.65 | 4,698,433.28 | 4,186,193.69 | |||||||||||||||||
Total Adjusted Pool Balance |
1,041,666,668.49 | 170,574,359.95 | 158,056,031.66 | |||||||||||||||||
Total Adjusted Securities |
1,041,666,668.49 | 170,574,359.95 | 158,056,031.66 | 0.151734 | ||||||||||||||||
Class A-1 Notes |
0.05908 | % | 172,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
0.16000 | % | 356,500,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
0.33000 | % | 356,500,000.00 | 13,907,691.46 | 1,389,363.17 | 0.003897 | ||||||||||||||
Class A-4 Notes |
0.57000 | % | 115,000,000.00 | 115,000,000.00 | 115,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 41,666,668.49 | 41,666,668.49 | 41,666,668.49 | 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 |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-2b Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
Class A-3 Notes |
12,518,328.29 | 3,824.62 | 35.1145254 | 0.0107282 | ||||||||||||||||
Class A-4 Notes |
0.00 | 54,625.00 | - | 0.4750000 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
12,518,328.29 | 58,449.62 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
207,711.50 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
207,711.50 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
12,954,169.29 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
12,954,169.29 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
166,970.94 | |||||||||||||||||||
Total Collections |
13,328,851.73 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
22,171 | 170,574,359.95 | ||||||||||||||||||
Total Principal Payment |
12,518,328.29 | |||||||||||||||||||
21,552 | 158,056,031.66 |
Page 1 of 4
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
13,328,851.73 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
13,328,851.73 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
146,060.66 | |||
Servicing Fee Paid |
146,060.66 | |||
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-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 |
0.00 | |||
Class A-2b Notes Monthly Interest Paid |
0.00 | |||
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 |
3,824.62 | |||
Class A-3 Notes Monthly Interest Paid |
3,824.62 | |||
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 |
54,625.00 | |||
Class A-4 Notes Monthly Interest Paid |
54,625.00 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Page 2 of 4
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
58,449.62 | |||||||
Total Note Monthly Interest Paid |
58,449.62 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
13,124,341.45 | |||||||
4. Total Monthly Principal Paid on the Notes |
12,518,328.29 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
12,518,328.29 | |||||||
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 |
606,013.16 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
606,013.16 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
2,604,166.67 | |||||||
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 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
1.44 | % | ||||||
Weighted Average Remaining Maturity |
19.67 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
76,398.59 | 8 | ||||||
Principal Recoveries of Defaulted Receivables |
166,970.94 | |||||||
Monthly Net Losses |
(90,572.35 | ) | ||||||
Pool Balance at Beginning of Collection Period |
175,272,793.23 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.34 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.44 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
0.13 | % | ||||||
Net Loss Ratio for Current Collection Period |
-0.62 | % | ||||||
Four-Month Average Net Loss Ratio |
0.07 | % | ||||||
Cumulative Net Losses for all Periods |
2,654,008.22 |
Page 3 of 4
Nissan Auto Receivables 2021-A Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
1,464,319.99 | 136 | 0.90 | % | ||||||||
61-90 Days Delinquent |
252,879.42 | 25 | 0.16 | % | ||||||||
91-120 Days Delinquent |
36,596.29 | 5 | 0.02 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
1,753,795.70 | 166 | 1.08 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.28 | % | 0.20 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.21 | % | 0.15 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.13 | % | 0.11 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.18 | % | 0.14 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.20 | % | 0.15 | % | ||||||||
60 Day Delinquent Receivables |
299,386.70 | |||||||||||
Delinquency Percentage |
0.18 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
730,402.49 | |||||||||||
Number of Extensions |
72 | |||||||||||
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