09/26/2025 | Press release | Distributed by Public on 09/26/2025 09:56
Exhibit 99.1
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
Collection Period |
31-Aug-25 | 30/360 Days | 30 | Collection Period Start | 1-Aug-25 | |||||||||||
Distribution Date |
15-Sep-25 | Actual/360 Days | 31 | Collection Period End | 31-Aug-25 | |||||||||||
Prior Month Settlement Date | 15-Aug-25 | |||||||||||||||
Current Month Settlement Date | 15-Sep-25 |
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
Pool Balance |
1,397,810,762.29 | 915,845,090.38 | 871,829,374.42 | 0.669565 | ||||||||||||||||
Yield Supplement Overcollaterization |
95,727,428.43 | 50,948,753.87 | 47,475,480.37 | |||||||||||||||||
Total Adjusted Pool Balance |
1,302,083,333.86 | 864,896,336.51 | 824,353,894.05 | |||||||||||||||||
Total Adjusted Securities |
1,302,083,333.86 | 864,896,336.51 | 824,353,894.05 | 0.633104 | ||||||||||||||||
Class A-1 Notes |
4.70300 | % | 305,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
Class A-2a Notes |
4.51000 | % | 135,000,000.00 | 95,343,900.80 | 83,181,168.06 | 0.616157 | ||||||||||||||
Class A-2b Notes |
4.72270 | % | 315,000,000.00 | 222,469,101.86 | 194,089,392.13 | 0.616157 | ||||||||||||||
Class A-3 Notes |
4.34000 | % | 400,000,000.00 | 400,000,000.00 | 400,000,000.00 | 1.000000 | ||||||||||||||
Class A-4 Notes |
4.35000 | % | 95,000,000.00 | 95,000,000.00 | 95,000,000.00 | 1.000000 | ||||||||||||||
Certificates |
0.00000 | % | 52,083,333.86 | 52,083,333.86 | 52,083,333.86 | 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 |
12,162,732.74 | 358,334.16 | 90.0943166 | 2.6543271 | ||||||||||||||||
Class A-2b Notes |
28,379,709.72 | 904,730.55 | 90.0943166 | 2.8721605 | ||||||||||||||||
Class A-3 Notes |
0.00 | 1,446,666.67 | - | 3.6166667 | ||||||||||||||||
Class A-4 Notes |
0.00 | 344,375.00 | - | 3.6250000 | ||||||||||||||||
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
Total Securities |
40,542,442.46 | 3,054,106.38 | ||||||||||||||||||
I. COLLECTIONS |
||||||||||||||||||||
Interest: |
||||||||||||||||||||
Interest Collections |
3,664,076.33 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
Total Interest Collections |
3,664,076.33 | |||||||||||||||||||
Principal: |
||||||||||||||||||||
Principal Collections |
43,155,708.21 | |||||||||||||||||||
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
Total Principal Collections |
43,155,708.21 | |||||||||||||||||||
Recoveries of Defaulted Receivables |
201,044.28 | |||||||||||||||||||
Total Collections |
47,020,828.82 | |||||||||||||||||||
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
Number | Amount | |||||||||||||||||||
Adjusted Pool Balance - Beginning of Period |
51,798 | 864,896,336.51 | ||||||||||||||||||
Total Principal Payment |
40,542,442.46 | |||||||||||||||||||
50,625 | 824,353,894.05 |
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
III. DISTRIBUTIONS |
||||
Total Collections |
47,020,828.82 | |||
Reserve Account Draw |
0.00 | |||
Total Available for Distribution |
47,020,828.82 | |||
1. Reimbursement of Advance |
0.00 | |||
2. Servicing Fee: |
||||
Servicing Fee Due |
763,204.24 | |||
Servicing Fee Paid |
763,204.24 | |||
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 |
358,334.16 | |||
Class A-2a Notes Monthly Interest Paid |
358,334.16 | |||
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 |
904,730.55 | |||
Class A-2b Notes Monthly Interest Paid |
904,730.55 | |||
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 |
1,446,666.67 | |||
Class A-3 Notes Monthly Interest Paid |
1,446,666.67 | |||
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 |
344,375.00 | |||
Class A-4 Notes Monthly Interest Paid |
344,375.00 | |||
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 |
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
Total Note Monthly Interest |
||||||||
Total Note Monthly Interest Due |
3,054,106.38 | |||||||
Total Note Monthly Interest Paid |
3,054,106.38 | |||||||
Total Note Interest Carryover Shortfall |
0.00 | |||||||
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
Total Available for Principal Distribution |
43,203,518.20 | |||||||
4. Total Monthly Principal Paid on the Notes |
40,542,442.46 | |||||||
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
Total Noteholders' Principal Distributable Amount |
40,542,442.46 | |||||||
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 |
2,661,075.74 | |||||||
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
Remaining Available Collections Released to Certificateholder |
2,661,075.74 | |||||||
V. RESERVE ACCOUNT |
||||||||
Initial Reserve Account Amount |
3,255,208.33 | |||||||
Required Reserve Account Amount |
3,255,208.33 | |||||||
Beginning Reserve Account Balance |
3,255,208.33 | |||||||
Deposit of Remaining Available Collections |
0.00 | |||||||
Ending Reserve Account Balance |
3,255,208.33 | |||||||
Required Reserve Account Amount for Next Period |
3,255,208.33 | |||||||
VI. POOL STATISTICS |
||||||||
Weighted Average Coupon |
4.88 | % | ||||||
Weighted Average Remaining Maturity |
40.34 | |||||||
Amount | Number | |||||||
Principal on Defaulted Receivables |
860,007.75 | 54 | ||||||
Principal Recoveries of Defaulted Receivables |
201,044.28 | |||||||
Monthly Net Losses |
658,963.47 | |||||||
Pool Balance at Beginning of Collection Period |
915,845,090.38 | |||||||
Net Loss Ratio for Third Preceding Collection Period |
0.45 | % | ||||||
Net Loss Ratio for Second Preceding Collection Period |
0.54 | % | ||||||
Net Loss Ratio for Preceding Collection Period |
-0.39 | % | ||||||
Net Loss Ratio for Current Collection Period |
0.86 | % | ||||||
Four-Month Average Net Loss Ratio |
0.36 | % | ||||||
Cumulative Net Losses for all Periods |
3,545,716.90 |
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
Delinquent Receivables: |
||||||||||||
31-60 Days Delinquent |
5,301,752.24 | 265 | 0.61 | % | ||||||||
61-90 Days Delinquent |
1,389,503.77 | 65 | 0.16 | % | ||||||||
91-120 Days Delinquent |
302,297.70 | 20 | 0.03 | % | ||||||||
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
Total 31+ Days Delinquent Receivables: |
6,993,553.71 | 350 | 0.80 | % | ||||||||
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
Delinquency Ratio for Third Preceding Collection Period |
0.10 | % | 0.11 | % | ||||||||
Delinquency Ratio for Second Preceding Collection Period |
0.12 | % | 0.13 | % | ||||||||
Delinquency Ratio for Preceding Collection Period |
0.19 | % | 0.19 | % | ||||||||
Delinquency Ratio for Current Collection Period |
0.19 | % | 0.17 | % | ||||||||
Four-Month Average Delinquency Ratio |
0.15 | % | 0.15 | % | ||||||||
60 Day Delinquent Receivables |
1,722,486.21 | |||||||||||
Delinquency Percentage |
0.20 | % | ||||||||||
Delinquency Trigger |
4.90 | % | ||||||||||
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
Principal Balance of Extensions |
2,988,677.91 | |||||||||||
Number of Extensions |
135 | |||||||||||
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 |