Exhibit 20.1
Nissan Auto Lease Trust 2005-A
Settlement Statement for the month ended November 30, 2005
Collection Period Start | 1-Nov-05 | Distribution Date | 15-Dec-05 | ||
Collection Period End | 30-Nov-05 | 30/360 Days | 30 | ||
Beg. of Interest Period | 15-Nov-05 | Actual/360 Days | 30 | ||
End of Interest Period | 15-Dec-05 |
SUMMARY | ||||||||||||||||
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||
Total Portfolio | 1,550,442,391.02 | 1,524,764,161.52 | 1,498,284,422.51 | 0.9663593 | ||||||||||||
Total Securities | 1,550,442,391.02 | 1,524,764,161.52 | 1,498,284,422.51 | 0.9663593 | ||||||||||||
Class A-1 Notes | 4.271000 | % | 219,700,000.00 | 194,021,770.50 | 167,542,031.49 | 0.7625946 | ||||||||||
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 | 4.170000 | % | 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 | 26,479,739.01 | 690,555.82 | 120.5268048 | 3.1431762 | ||||||||||||
Class A-2 Notes | 0.00 | 929,683.33 | 0.0000000 | 3.8416667 | ||||||||||||
Class A-3 Notes | 0.00 | 1,742,916.67 | 0.0000000 | 3.9166667 | ||||||||||||
Class A-4 Notes | 0.00 | 1,698,232.50 | 0.0000000 | 3.4750000 | ||||||||||||
Certificates | 0.00 | 0.00 | 0.0000000 | 0.0000000 | ||||||||||||
Total Securities | 26,479,739.01 | 5,061,388.32 |
I. COLLECTIONS | |||||||||||||
Lease Payments: ( Lease SUBI) | |||||||||||||
Monthly Principal | 21,236,532.08 | ||||||||||||
Monthly Interest | 6,368,469.39 | ||||||||||||
Total Monthly Payments | 27,605,001.47 | ||||||||||||
Interest Rate Cap Payments | 0.00 | ||||||||||||
Advances: | |||||||||||||
Aggregate Monthly Payment Advances | 1,386,220.78 | ||||||||||||
Aggregate Sales Proceeds Advance | 330,428.04 | ||||||||||||
Total Advances | 1,716,648.82 | ||||||||||||
Vehicle Disposition Proceeds: | |||||||||||||
Reallocation Payments | 680,771.06 | ||||||||||||
Repurchase Payments | 80,267.70 | ||||||||||||
Net Auction Proceeds | 0.00 | ||||||||||||
Recoveries | 0.00 | ||||||||||||
Net Liquidation Proceeds | 7,466,006.90 | ||||||||||||
Excess Wear and Tear and Excess Mileage | 5,081.22 | ||||||||||||
Remaining Payoffs | 0.00 | ||||||||||||
Net Insurance Proceeds | 824,687.99 | ||||||||||||
Residual Value Surplus | 2,881.53 | ||||||||||||
Total Collections | 38,381,346.69 |
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II. COLLATERAL POOL BALANCE DATA | |||||||||||||
Number | Book Amount | Discount Rate | Securitization Value | ||||||||||
Pool Balance - Beginning of Period | 67,885 | 1,668,684,981.00 | 8.15000 | % | 1,524,764,161.52 | ||||||||
Total Depreciation Received | (21,322,475.34) | (17,597,360.78) | |||||||||||
Principal Amount of Gross Losses | (58) | (1,411,467.07) | (1,301,077.36) | ||||||||||
Repurchase / Reallocation | (3) | (83,084.91) | (80,267.70) | ||||||||||
Early Terminations | (5) | (129,892.72) | (122,275.60) | ||||||||||
Scheduled Terminations | (344) | (7,733,424.79) | (7,378,757.57) | ||||||||||
Pool Balance - End of Period | 67,475 | 1,638,004,636.17 | 8.15000 | % | 1,498,284,422.51 | ||||||||
III. DISTRIBUTIONS | |||||||||||||
Total Collections | 38,381,346.69 | ||||||||||||
Reserve Amounts Available for Distribution | 0.00 | ||||||||||||
Total Available for Distribution | 38,381,346.69 | ||||||||||||
1. Amounts due Indenture Trustee as Compensation or Indemnity | 0.00 | ||||||||||||
2. Reimbursement of Payment Advance | 1,058,850.09 | ||||||||||||
3. Reimbursement of Sales Proceeds Advance | 207,654.74 | ||||||||||||
4. Servicing Fee: | |||||||||||||
Servicing Fee Due | 1,270,636.80 | ||||||||||||
Servicing Fee Paid | 1,270,636.80 | ||||||||||||
Servicing Fee Shortfall | 0.00 | ||||||||||||
Total Trustee, Advances and Servicing Fee Paid | 2,537,141.63 | ||||||||||||
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 | 690,555.82 | ||||||||||||
Class A-1 Notes Monthly Interest Paid | 690,555.82 | ||||||||||||
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 | 929,683.33 | ||||||||||||
Class A-2 Notes Monthly Interest Paid | 929,683.33 | ||||||||||||
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 | 1,742,916.67 | ||||||||||||
Class A-3 Notes Monthly Interest Paid | 1,742,916.67 | ||||||||||||
Chg in Class A-3a Notes Int. Carryover Shortfall | 0.00 |
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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 Available Interest Distribution Amount | 1,698,232.50 | ||||||||||||
Class A-4 Notes Monthly Interest Paid | 1,698,232.50 | ||||||||||||
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 | 5,061,388.32 | ||||||||||||
Total Note and Certificate Monthly Interest Paid | 5,061,388.32 | ||||||||||||
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 | 30,782,816.74 | ||||||||||||
6. Total Monthly Principal Paid on the Notes | |||||||||||||
Total Monthly Principal Paid on the Class A Notes | 26,479,739.01 | ||||||||||||
Total Class A Noteholders' Principal Carryover Shortfall | 0.00 | ||||||||||||
Total Class A Noteholders' Principal Distributable Amount | 26,479,739.01 | ||||||||||||
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 | 4,303,077.73 |
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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 | 24,202,492.22 | ||||||||||||
Reinvestment Income for the Period | 136,608.23 | ||||||||||||
Reserve Fund Available for Distribution | 24,339,100.45 | ||||||||||||
Reserve Fund Draw Amount | 0.00 | ||||||||||||
Deposit of Remaining Available Collections | 4,303,077.73 | ||||||||||||
Gross Reserve Account Balance | 28,642,178.18 | ||||||||||||
Remaining Available Collections Released to Seller | 0.00 | ||||||||||||
Ending Reserve Account Balance | 28,642,178.18 | ||||||||||||
V. POOL STATISTICS | |||||||||||||
Weighted Average Remaining Maturity | 28.74 | ||||||||||||
Monthly Prepayment Speed | 69.000 | % | |||||||||||
Lifetime Prepayment Speed | 67.000 | % | |||||||||||
$ | units | ||||||||||||
Recoveries of Defaulted and Casualty Receivables | 881,021.99 | ||||||||||||
Securitization Value of Defaulted Receivables and Casualty Receivables | 1,301,077.36 | 58 | |||||||||||
Aggregate Defaulted and Casualty Gain (Loss) | (420,055.37) | ||||||||||||
Pool Balance at Beginning of Collection Period | 1,524,764,161.52 | ||||||||||||
Net Loss Ratio | -0.0275 | % | |||||||||||
Cumulative Net Losses for all Periods | 0.0274 | % | 425,243.77 | ||||||||||
Delinquent Receivables: | Amount | Number | |||||||||||
31-60 Days Delinquent | 12,419,813.77 | 536 | |||||||||||
61-90 Days Delinquent | 2,214,670.86 | 98 | |||||||||||
91-120+ Days Delinquent | 0.00 | 0 | |||||||||||
Total Delinquent Receivables: | 14,634,484.63 | 634 | |||||||||||
60+ Days Delinquencies as Percentage of Receivables | 0.15 | % | |||||||||||
Aggregate Sales Performance of Auctioned Vehicles | $ | units | |||||||||||
Sales Proceeds | 601,161.33 | 37 | |||||||||||
Securitization Value | 711,225.13 | ||||||||||||
Aggregate Residual Gain (Loss) | (110,063.80) | ||||||||||||
Cumulative Sales Performance of Auctioned Vehicles | $ | units | |||||||||||
Cumulative Sales Proceeds | 782,678.18 | 49 | |||||||||||
Cumulative Securitization Value | 979,815.39 | ||||||||||||
Cumulative Residual Gain (Loss) | (197,137.21) | ||||||||||||
VI. RECONCILIATION OF ADVANCES | . | ||||||||||||
Beginning Balance of Residual Advance | 432,672.00 | ||||||||||||
Reimbursement of Outstanding Advance | 207,654.74 | ||||||||||||
Additional Advances for current period | 330,428.04 | ||||||||||||
Ending Balance of Residual Advance | 555,445.30 | ||||||||||||
Beginning Balance of Payment Advance | 2,828,270.96 | ||||||||||||
Reimbursement of Outstanding Payment Advance | 1,058,850.09 | ||||||||||||
Additional Payment Advances for current period | 1,386,220.78 | ||||||||||||
Ending Balance of Payment Advance | 3,155,641.65 |
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