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Nissan Auto Receivables 2023-B Owner Trust

04/25/2025 | Press release | Distributed by Public on 04/25/2025 09:48

Asset-Backed Issuer Distribution Report (Form 10-D)

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate

Collection Period

31-Mar-25

30/360 Days

Collection Period Start

1-Mar-25

Distribution Date

15-Apr-25

Actual/360 Days

Collection Period End

31-Mar-25

Prior Month Settlement Date

17-Mar-25

Current Month Settlement Date

15-Apr-25


	Coupon Rate			Initial Balance		Beginning Balance		Ending Balance		Pool Factor
Pool Balance					1,449,675,307.36		665,912,370.30		627,246,511.57		0.481725
Yield Supplement Overcollaterization					147,591,973.00		47,415,723.13		43,533,557.06
Total Adjusted Pool Balance					1,302,083,334.36		618,496,647.17		583,712,954.51
Total Adjusted Securities					1,302,083,334.36		618,496,647.17		583,712,954.51		0.448292
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		53,706,656.41		36,314,810.08		0.165443
Class A-2b Notes		4.90867	%		219,500,000.00		53,706,656.41		36,314,810.08		0.165443
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		17,391,846.33			266,295.50		79.2339241		1.2131913
Class A-2b Notes		17,391,846.33			212,367.20		79.2339241		0.9675043
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		34,783,692.66			2,748,962.70


I. COLLECTIONS

Interest:
Interest Collections									2,172,030.11
Repurchased Loan Proceeds Related to Interest									0.00

Total Interest Collections									2,172,030.11
Principal:
Principal Collections									38,175,436.96
Repurchased Loan Proceeds Related to Principal									0.00

Total Principal Collections									38,175,436.96
Recoveries of Defaulted Receivables									251,261.21

Total Collections									40,598,728.28


II. COLLATERAL POOL BALANCE DATA

						Number		Amount
Adjusted Pool Balance - Beginning of Period							50,647		618,496,647.17
Total Principal Payment									34,783,692.66

							49,115		583,712,954.51

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate


III. DISTRIBUTIONS

Total Collections			40,598,728.28
Reserve Account Draw			0.00
Total Available for Distribution			40,598,728.28
1. Reimbursement of Advance			0.00
2. Servicing Fee:
Servicing Fee Due			554,926.98
Servicing Fee Paid			554,926.98
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			266,295.50
Class A-2a Notes Monthly Interest Paid			266,295.50
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			212,367.20
Class A-2b Notes Monthly Interest Paid			212,367.20
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					2,748,962.70
Total Note Monthly Interest Paid					2,748,962.70
Total Note Interest Carryover Shortfall					0.00
Change in Total Note Interest Carryover Shortfall					0.00
Total Available for Principal Distribution					37,294,838.60
4. Total Monthly Principal Paid on the Notes					34,783,692.66
Total Noteholders' Principal Carryover Shortfall					0.00
Total Noteholders' Principal Distributable Amount					34,783,692.66
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					2,511,145.94
Deposit from Remaining Available Collections to fund Reserve Account					0.00
Remaining Available Collections Released to Certificateholder					2,511,145.94

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					4.11	%
Weighted Average Remaining Maturity					33.86

	Amount			Number
Principal on Defaulted Receivables		490,421.77			29
Principal Recoveries of Defaulted Receivables		251,261.21

Monthly Net Losses		239,160.56
Pool Balance at Beginning of Collection Period		665,912,370.30
Net Loss Ratio for Third Preceding Collection Period		0.61	%
Net Loss Ratio for Second Preceding Collection Period		0.66	%
Net Loss Ratio for Preceding Collection Period		0.37	%
Net Loss Ratio for Current Collection Period		0.43	%
Four-Month Average Net Loss Ratio		0.52	%
Cumulative Net Losses for all Periods		4,256,519.68

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate


	Amount			Number			% of Receivables (EOP Balance)
Delinquent Receivables:
31-60 Days Delinquent		2,859,096.62			180			0.46	%
61-90 Days Delinquent		453,439.03			27			0.07	%
91-120 Days Delinquent		143,406.04			13			0.02	%
More than 120 Days		0.00			0			0.00	%

Total 31+ Days Delinquent Receivables:		3,455,941.69			220			0.55	%
61+ Days Delinquencies as Percentage of Receivables (EOP):
Delinquency Ratio for Third Preceding Collection Period		0.14	%		0.13	%
Delinquency Ratio for Second Preceding Collection Period		0.15	%		0.13	%
Delinquency Ratio for Preceding Collection Period		0.14	%		0.12	%
Delinquency Ratio for Current Collection Period		0.10	%		0.08	%
Four-Month Average Delinquency Ratio		0.13	%		0.12	%
60 Day Delinquent Receivables		596,845.07
Delinquency Percentage		0.10	%
Delinquency Trigger		4.90	%
Does the Delinquency Percentage exceed the Delinquency Trigger?		No
Principal Balance of Extensions		1,709,780.94
Number of Extensions		96

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

Nissan Auto Receivables 2023-B Owner Trust published this content on April 25, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) on April 25, 2025 at 15:48 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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