Exhibit 20.1
Nissan Auto Lease Trust 2005-A
Settlement Statement for the month ended October 31, 2005
Collection Period Start | 1-Oct-05 | Distribution Date | 15-Nov-05 | ||
Collection Period End | 31-Oct-05 | 30/360 Days | 20 | ||
Beg. of Interest Period | 25-Oct-05 | Actual/360 Days | 21 | ||
End of Interest Period | 15-Nov-05 | ||||
SUMMARY | ||||||||||||||||
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||
Total Portfolio | 1,550,442,391.02 | 1,550,442,391.02 | 1,524,764,161.52 | 0.9834381 | ||||||||||||
Total Securities | 1,550,442,391.02 | 1,550,442,391.02 | 1,524,764,161.52 | 0.9834381 | ||||||||||||
Class A-1 Notes | 4.271000 | % | 219,700,000.00 | 219,700,000.00 | 194,021,770.50 | 0.8831214 | ||||||||||
Class A-2 Notes | 4.610000 | % | 242,000,000.00 | 242,000,000.00 | 242,000,000.00 | 1.0000000 | ||||||||||
Class A-3 Notes | 4.700000 | % | 445,000,000.00 | 445,000,000.00 | 445,000,000.00 | 1.0000000 | ||||||||||
Class A-4 Notes | 4.087500 | % | 488,700,000.00 | 488,700,000.00 | 488,700,000.00 | 1.0000000 | ||||||||||
Certificates | 0.000000 | % | 155,042,391.02 | 155,042,391.02 | 155,042,391.02 | 1.0000000 | ||||||||||
Principal Payment Due | Interest Payment | Principal per $1000 Face Amount | Interest per $1000 Face Amount | |||||||||||||
Class A-1 Notes | 25,678,229.50 | 547,364.24 | 116.8786049 | 2.4914167 | ||||||||||||
Class A-2 Notes | 0.00 | 619,788.89 | 0.0000000 | 2.5611111 | ||||||||||||
Class A-3 Notes | 0.00 | 1,161,944.44 | 0.0000000 | 2.6111111 | ||||||||||||
Class A-4 Notes | 0.00 | 1,165,244.06 | 0.0000000 | 2.3843750 | ||||||||||||
Certificates | 0.00 | 0.00 | 0.0000000 | 0.0000000 | ||||||||||||
Total Securities | 25,678,229.50 | 3,494,341.63 |
I. COLLECTIONS | |||||||||||||
Lease Payments: ( Lease SUBI) | |||||||||||||
Monthly Principal | 21,525,982.08 | ||||||||||||
Monthly Interest | 6,471,198.56 | ||||||||||||
Total Monthly Payments | 27,997,180.64 | ||||||||||||
Interest Rate Cap Payments | 0.00 | ||||||||||||
Advances: | |||||||||||||
Aggregate Monthly Payment Advances | 2,828,270.96 | ||||||||||||
Aggregate Sales Proceeds Advance | 432,672.00 | ||||||||||||
Total Advances | 3,260,942.96 | ||||||||||||
Vehicle Disposition Proceeds: | |||||||||||||
Reallocation Payments | 181,516.85 | ||||||||||||
Repurchase Payments | 72,678.70 | ||||||||||||
Net Auction Proceeds | 0.00 | ||||||||||||
Recoveries | 0.00 | ||||||||||||
Net Liquidation Proceeds | 6,750,429.39 | ||||||||||||
Excess Wear and Tear and Excess Mileage | 349.86 | ||||||||||||
Remaining Payoffs | 0.00 | ||||||||||||
Net Insurance Proceeds | 885,883.16 | ||||||||||||
Residual Value Surplus | 0.00 | ||||||||||||
Total Collections | 39,148,981.56 |
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II. COLLATERAL POOL BALANCE DATA | |||||||||||||
Number | Book Amount | Discount Rate | Securitization Value | ||||||||||
Pool Balance - Beginning of Period | 68,257 | 1,698,657,476.87 | 8.15000 | % | 1,550,442,391.02 | ||||||||
Total Depreciation Received | (21,457,913.29) | (17,595,034.81) | |||||||||||
Principal Amount of Gross Losses | (38) | (969,950.94) | (891,071.56) | ||||||||||
Repurchase / Reallocation | (3) | (77,763.10) | (72,678.70) | ||||||||||
Early Terminations | (7) | (183,213.71) | (166,806.05) | ||||||||||
Scheduled Terminations | (324) | (7,283,654.83) | (6,952,638.38) | ||||||||||
Pool Balance - End of Period | 67,885 | 1,668,684,981.00 | 8.15000 | % | 1,524,764,161.52 | ||||||||
III. DISTRIBUTIONS | |||||||||||||
Total Collections | 39,148,981.56 | ||||||||||||
Reserve Amounts Available for Distribution | 0.00 | ||||||||||||
Total Available for Distribution | 39,148,981.56 | ||||||||||||
1. Amounts due Indenture Trustee as Compensation or Indemnity | 0.00 | ||||||||||||
2. Reimbursement of Payment Advance | 0.00 | ||||||||||||
3. Reimbursement of Sales Proceeds Advance | 0.00 | ||||||||||||
4. Servicing Fee: | |||||||||||||
Servicing Fee Due | 1,292,035.33 | ||||||||||||
Servicing Fee Paid | 1,292,035.33 | ||||||||||||
Servicing Fee Shortfall | 0.00 | ||||||||||||
Total Trustee, Advances and Servicing Fee Paid | 1,292,035.33 | ||||||||||||
5. 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 Available Interest Distribution Amount | 547,364.24 | ||||||||||||
Class A-1 Notes Monthly Interest Paid | 547,364.24 | ||||||||||||
Chg in Class A-1 Notes Int. Carryover Shortfall | 0.00 | ||||||||||||
Class A-2 Notes Monthly Interest | |||||||||||||
Class A-2 Notes Interest Carryover Shortfall | 0.00 | ||||||||||||
Class A-2 Notes Interest on Interest Carryover Shortfall | 0.00 | ||||||||||||
Class A-2 Notes Monthly Available Interest Distribution Amount | 619,788.89 | ||||||||||||
Class A-2 Notes Monthly Interest Paid | 619,788.89 | ||||||||||||
Chg in Class A-2 Notes Int. 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 Available Interest Distribution Amount | 1,161,944.44 | ||||||||||||
Class A-3 Notes Monthly Interest Paid | 1,161,944.44 | ||||||||||||
Chg in Class A-3 Notes Int. Carryover Shortfall | 0.00 |
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Class A-4 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 Available Interest Distribution Amount | 1,165,244.06 | ||||||||||||
Class A-4 Notes Monthly Interest Paid | 1,165,244.06 | ||||||||||||
Chg in Class A-4 Notes Int. Carryover Shortfall | 0.00 | ||||||||||||
Certificate Monthly Interest | |||||||||||||
Certificate Interest Carryover Shortfall | 0.00 | ||||||||||||
Certificate Interest on Interest Carryover Shortfall | 0.00 | ||||||||||||
Certificate Monthly Available Interest Distribution Amount | 0.00 | ||||||||||||
Certificate Monthly Interest Paid | 0.00 | ||||||||||||
Chg in Certificate Int. Carryover Shortfall | 0.00 | ||||||||||||
Total Note and Certificate Monthly Interest | |||||||||||||
Total Note and Certificate Monthly Interest Due | 3,494,341.63 | ||||||||||||
Total Note and Certificate Monthly Interest Paid | 3,494,341.63 | ||||||||||||
Total Note and Certificate Interest Carryover Shortfall | 0.00 | ||||||||||||
Chg in Total Note and Certificate Int. Carryover Shortfall | 0.00 | ||||||||||||
Total Available for Principal Distribution | 34,362,604.60 | ||||||||||||
6. Total Monthly Principal Paid on the Notes | |||||||||||||
Total Monthly Principal Paid on the Class A Notes | 25,678,229.50 | ||||||||||||
Total Class A Noteholders' Principal Carryover Shortfall | 0.00 | ||||||||||||
Total Class A Noteholders' Principal Distributable Amount | 25,678,229.50 | ||||||||||||
Chg in Total Class A Noteholders' Principal Carryover Shortfall | 0.00 | ||||||||||||
7. Total Monthly Principal Paid on the Certificates | 0.00 | ||||||||||||
Total Certificateholders' Principal Carryover Shortfall | 0.00 | ||||||||||||
Total Certificateholders' Principal Distributable Amount | 0.00 | ||||||||||||
Chg in Total Certificateholders' Principal Carryover Shortfall | 0.00 | ||||||||||||
Remaining Available Collections | 8,684,375.10 |
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IV. RESERVE ACCOUNT | |||||||||||||
Initial Reserve Account Amount | 15,504,423.91 | ||||||||||||
Required Reserve Account Amount | 46,513,271.73 | ||||||||||||
Beginning Reserve Account Balance | 15,504,423.91 | ||||||||||||
Reinvestment Income for the Period | 13,693.21 | ||||||||||||
Reserve Fund Available for Distribution | 15,518,117.12 | ||||||||||||
Reserve Fund Draw Amount | 0.00 | ||||||||||||
Deposit of Remaining Available Collections | 8,684,375.10 | ||||||||||||
Gross Reserve Account Balance | 24,202,492.22 | ||||||||||||
Remaining Available Collections Released to Seller | 0.00 | ||||||||||||
Ending Reserve Account Balance | 24,202,492.22 | ||||||||||||
V. POOL STATISTICS | |||||||||||||
Weighted Average Remaining Maturity | 29.73 | ||||||||||||
Monthly Prepayment Speed | 66.000 | % | |||||||||||
Lifetime Prepayment Speed | 66.000 | % | |||||||||||
$ | units | ||||||||||||
Recoveries of Defaulted and Casualty Receivables | 885,883.16 | ||||||||||||
Securitization Value of Defaulted Receivables and Casualty Receivables | 891,071.56 | 38 | |||||||||||
Aggregate Defaulted and Casualty Gain (Loss) | (5,188.40) | ||||||||||||
Pool Balance at Beginning of Collection Period | 1,550,442,391.02 | ||||||||||||
Net Loss Ratio | -0.0003 | % | |||||||||||
Cumulative Net Losses for all Periods | 0.0003 | % | 5,188.40 | ||||||||||
Delinquent Receivables: | Amount | Number | |||||||||||
31-60 Days Delinquent | 10,908,968.09 | 480 | |||||||||||
61-90 Days Delinquent | 0.00 | 0 | |||||||||||
91-120+ Days Delinquent | 0.00 | 0 | |||||||||||
Total Delinquent Receivables: | 10,908,968.09 | 480 | |||||||||||
60+ Days Delinquencies as Percentage of Receivables | 0.00 | % | |||||||||||
Aggregate Sales Performance of Auctioned Vehicles | $ | units | |||||||||||
Sales Proceeds | 181,516.85 | 12 | |||||||||||
Securitization Value | 268,590.26 | ||||||||||||
Aggregate Residual Gain (Loss) | (87,073.41) | ||||||||||||
Cumulative Sales Performance of Auctioned Vehicles | $ | units | |||||||||||
Cumulative Sales Proceeds | 181,516.85 | 12 | |||||||||||
Cumulative Securitization Value | 268,590.26 | ||||||||||||
Cumulative Residual Gain (Loss) | (87,073.41) | ||||||||||||
VI. Reconciliation of Advances | . | ||||||||||||
Beginning Balance of Residual Advance | 0.00 | ||||||||||||
Reimbursement of Outstanding Advance | 0.00 | ||||||||||||
Additional Advances for current period | 432,672.00 | ||||||||||||
Ending Balance of Residual Advance | 432,672.00 | ||||||||||||
Beginning Balance of Payment Advance | 0.00 | ||||||||||||
Reimbursement of Outstanding Payment Advance | 0.00 | ||||||||||||
Additional Payment Advances for current period | 2,828,270.96 | ||||||||||||
Ending Balance of Payment Advance | 2,828,270.96 |
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