11/22/2024 | Press release | Distributed by Public on 11/22/2024 14:48
Nissan Auto Receivables 2022-B 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 |
1,477,843,167.03 | 569,338,480.74 | 541,100,423.50 | 0.415544 | ||||||||||||||||
Yield Supplement Overcollaterization |
175,694,119.15 | 43,027,798.53 | 39,982,639.89 | |||||||||||||||||
Total Adjusted Pool Balance |
1,302,149,047.88 | 526,310,682.21 | 501,117,783.61 | |||||||||||||||||
Total Adjusted Securities |
1,302,149,047.88 | 526,310,682.21 | 501,117,783.61 | 0.384839 | ||||||||||||||||
Class A-1 Notes |
3.68800 | % | 270,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
4.50000 | % | 443,300,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2b Notes |
0.00000 | % | 0.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-3 Notes |
4.46000 | % | 443,300,000.00 | 380,761,634.33 | 355,568,735.73 | 0.802095 | ||||||||||||||
Class A-4 Notes |
4.45000 | % | 93,400,000.00 | 93,400,000.00 | 93,400,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,149,047.88 | 52,149,047.88 | 52,149,047.88 | 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 |
25,192,898.60 | 1,415,164.07 | 56.8303600 | 3.1923394 | ||||||||||||||||
Class A-4 Notes |
0.00 | 346,358.33 | - | 3.7083333 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
25,192,898.60 | 1,761,522.40 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
1,225,621.33 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
1,225,621.33 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
27,816,874.24 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
27,816,874.24 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
218,513.75 | |||||||||||||||||||
Total Collections |
29,261,009.32 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
41,695 | 526,310,682.21 | ||||||||||||||||||
Total Principal Payment |
25,192,898.60 | |||||||||||||||||||
40,421 | 501,117,783.61 |
Page 1 of 4
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
29,261,009.32 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
29,261,009.32 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
474,448.73 | |||
Servicing Fee Paid |
474,448.73 | |||
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 |
1,415,164.07 | |||
Class A-3 Notes Monthly Interest Paid |
1,415,164.07 | |||
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 |
346,358.33 | |||
Class A-4 Notes Monthly Interest Paid |
346,358.33 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Page 2 of 4
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
1,761,522.40 | |||||||
Total Note Monthly Interest Paid |
1,761,522.40 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
27,025,038.19 | |||||||
4. Total Monthly Principal Paid on the Notes |
25,192,898.60 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
25,192,898.60 | |||||||
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 |
1,832,139.59 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
1,832,139.59 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
3,255,372.62 | |||||||
Required Reserve Account Amount |
3,255,372.62 | |||||||
Beginning Reserve Account Balance |
3,255,372.62 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,255,372.62 | |||||||
Required Reserve Account Amount for Next Period |
3,255,372.62 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
2.61 | % | ||||||
Weighted Average Remaining Maturity |
33.78 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
421,183.00 | 19 | ||||||
Principal Recoveries of Defaulted Receivables |
218,513.75 | |||||||
Monthly Net Losses |
202,669.25 | |||||||
Pool Balance at Beginning of Collection Period |
569,338,480.74 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.71 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.46 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
-0.18 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.43 | % | ||||||
Four-Month Average Net Loss Ratio |
0.36 | % | ||||||
Cumulative Net Losses for all Periods |
4,297,435.73 |
Page 3 of 4
Nissan Auto Receivables 2022-B Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
3,293,969.96 | 177 | 0.61 | % | ||||||||
61-90 Days Delinquent |
665,443.65 | 36 | 0.12 | % | ||||||||
91-120 Days Delinquent |
185,917.73 | 10 | 0.03 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
4,145,331.34 | 223 | 0.77 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.17 | % | 0.12 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.11 | % | 0.09 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.17 | % | 0.11 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.16 | % | 0.11 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.15 | % | 0.11 | % | ||||||||
60 Day Delinquent Receivables |
898,412.52 | |||||||||||
Delinquency Percentage |
0.17 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,031,310.26 | |||||||||||
Number of Extensions |
102 | |||||||||||
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