EXHIBIT 99.1
Distribution Tables of Composition of Receivables as of August 31, 2011 (the Cut-off Date)
Set forth below is information as of August 31, 2011 (the “Cut-off Date”) regarding the characteristics of the final pool of receivables to be sold to Nissan Auto Lease Trust 2011-B on or about September 28, 2011. This information is being filed for informational purposes only. There is no material variance between the characteristics of the receivables in the statistical pool described in the prospectus supplement and the receivables in the pool as of the Cut-off Date.
Characteristics of Receivables as of the Cut-off Date:
| | | | | | | | | | | | |
| | Average | | Minimum | | Maximum |
Securitization Value | | $ | 22,330.17 | | | $ | 7,211.55 | | | $ | 94,655.34 | |
Base Residual | | $ | 15,151.74 | | | $ | 4,991.30 | | | $ | 55,098.00 | |
Seasoning (Months)(1)(2) | | | 11 | | | | 2 | | | | 39 | |
Remaining Term (Months)(1) | | | 29 | | | | 12 | | | | 58 | |
Original Term (Months)(1) | | | 39 | | | | 36 | | | | 60 | |
Discounted Base Residual as a % of Securitization Value | | | 57.32 | % | | | | | | | | |
Base Residual as a % of MSRP | | | 48.12 | % | | | | | | | | |
Percentage of Securitization Value Financed | | Nissan 72.27 | % | | | | | | | | |
through Nissan or Infiniti Dealers | | Infiniti 27.73 | % | | | | | | | | |
| | |
(1) | | Weighted average by Securitization Value as of the Statistical Cutoff Date. |
|
(2) | | Seasoning is the number of months elapsed since origination of a Lease. |
FICO®Score Distribution of the Receivables
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Percentage of | |
| | | | | | Percentage of | | | | | | | Aggregate | |
| | Number | | | Total Number of | | | Aggregate | | | Securitization | |
FICO® Score Range | | of Leases | | | Leases(1) | | | Securitization Value(1) | | | Value(1) | |
Unavailable | | | 153 | | | | 0.29 | % | | $ | 4,418,047.67 | | | | 0.38 | % |
551 — 600 | | | 26 | | | | 0.05 | | | | 585,255.35 | | | | 0.05 | |
601 — 650 | | | 3,138 | | | | 6.00 | | | | 70,747,343.42 | | | | 6.05 | |
651 — 700 | | | 9,498 | | | | 18.15 | | | | 210,648,314.79 | | | | 18.02 | |
701 — 750 | | | 13,084 | | | | 25.00 | | | | 290,469,698.78 | | | | 24.85 | |
751 — 800 | | | 12,648 | | | | 24.17 | | | | 284,947,311.59 | | | | 24.38 | |
801 — 850 | | | 12,598 | | | | 24.07 | | | | 280,739,296.41 | | | | 24.02 | |
851 — 900 | | | 1,192 | | | | 2.28 | | | | 26,138,731.35 | | | | 2.24 | |
| | | | | | | | | | | | |
Total | | | 52,337 | | | | 100.00 | % | | $ | 1,168,693,999.35 | | | | 100.00 | % |
| | | | | | | | | | | | |
Based on a Securitization Rate of 7.00%.
| | |
(1) | | Balances and percentages may not add to total due to rounding. |
Distribution of the Leased Vehicles by Model
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Percentage of | |
| | | | | | | | | | Aggregate | | | Aggregate | |
| | Number | | | Percentage of Total | | | Securitization | | | Securitization | |
Models | | of Leases | | | Number of Leases(1) | | | Value(1) | | | Value(1) | |
Altima | | | 12,992 | | | | 24.82 | % | | $ | 239,047,783.27 | | | | 20.45 | % |
G37 | | | 5,875 | | | | 11.23 | | | | 176,522,723.72 | | | | 15.10 | |
Maxima | | | 6,969 | | | | 13.32 | | | | 175,839,722.06 | | | | 15.05 | |
Rogue | | | 7,216 | | | | 13.79 | | | | 137,716,745.10 | | | | 11.78 | |
Sentra | | | 6,156 | | | | 11.76 | | | | 86,845,646.31 | | | | 7.43 | |
Murano | | | 3,672 | | | | 7.02 | | | | 85,462,026.48 | | | | 7.31 | |
M37 | | | 1,092 | | | | 2.09 | | | | 41,502,669.93 | | | | 3.55 | |
QX56 | | | 614 | | | | 1.17 | | | | 32,089,575.60 | | | | 2.75 | |
Pathfinder | | | 1,206 | | | | 2.30 | | | | 28,108,838.44 | | | | 2.41 | |
FX35 | | | 745 | | | | 1.42 | | | | 24,717,584.72 | | | | 2.11 | |
Armada | | | 702 | | | | 1.34 | | | | 23,558,360.62 | | | | 2.02 | |
Altima Coupe | | | 1,164 | | | | 2.22 | | | | 23,250,249.12 | | | | 1.99 | |
G25 | | | 761 | | | | 1.45 | | | | 20,326,652.58 | | | | 1.74 | |
EX35 | | | 661 | | | | 1.26 | | | | 17,935,791.70 | | | | 1.53 | |
Frontier | | | 647 | | | | 1.24 | | | | 13,323,387.07 | | | | 1.14 | |
370Z | | | 233 | | | | 0.45 | | | | 7,183,037.82 | | | | 0.61 | |
M35 | | | 195 | | | | 0.37 | | | | 5,847,190.43 | | | | 0.50 | |
Juke | | | 279 | | | | 0.53 | | | | 5,569,105.61 | | | | 0.48 | |
Cube | | | 399 | | | | 0.76 | | | | 5,190,201.04 | | | | 0.44 | |
Versa | | | 357 | | | | 0.68 | | | | 4,825,656.22 | | | | 0.41 | |
M56 | | | 87 | | | | 0.17 | | | | 4,035,923.18 | | | | 0.35 | |
Quest | | | 127 | | | | 0.24 | | | | 3,694,722.52 | | | | 0.32 | |
Xterra | | | 102 | | | | 0.19 | | | | 2,229,927.92 | | | | 0.19 | |
GT-R | | | 28 | | | | 0.05 | | | | 2,179,621.08 | | | | 0.19 | |
FX50 | | | 21 | | | | 0.04 | | | | 802,634.14 | | | | 0.07 | |
Titan | | | 22 | | | | 0.04 | | | | 557,536.66 | | | | 0.05 | |
G35 | | | 14 | | | | 0.03 | | | | 292,015.34 | | | | 0.02 | |
M45 | | | 1 | | | | 0.00 | (2) | | | 38,670.69 | | | | 0.00 | (2) |
| | | | | | | | | | | | |
Total | | | 52,337 | | | | 100.00 | % | | $ | 1,168,693,999.35 | | | | 100.00 | % |
| | | | | | | | | | | | |
Based on a Securitization Rate of 7.00%.
| | |
(1) | | Balances and percentages may not add to total due to rounding. |
|
(2) | | Less than 0.01% but greater than 0.00%. |
Distribution of the Leased Vehicles by Vehicle Type
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Percentage of | |
| | | | | | | | | | Aggregate | | | Aggregate | |
| | Number | | | Percentage of Total | | | Securitization | | | Securitization | |
Vehicle Type | | of Leases | | | Number of Leases(1) | | | Value(1) | | | Value(1) | |
Car | | | 36,450 | | | | 69.64 | % | | $ | 796,622,485.31 | | | | 68.16 | % |
Crossover | | | 12,594 | | | | 24.06 | | | | 272,203,887.74 | | | | 23.29 | |
SUV | | | 2,624 | | | | 5.01 | | | | 85,986,702.57 | | | | 7.36 | |
Truck | | | 669 | | | | 1.28 | | | | 13,880,923.73 | | | | 1.19 | |
| | | | | | | | | | | | |
Total | | | 52,337 | | | | 100.00 | % | | $ | 1,168,693,999.35 | | | | 100.00 | % |
| | | | | | | | | | | | |
Based on a Securitization Rate of 7.00%.
| | |
(1) | | Balances and percentages may not add to total due to rounding. |
Distribution of the Leases by Original Lease Term
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Percentage of | |
| | | | | | | | | | Aggregate | | | Aggregate | |
| | Number | | | Percentage of Total | | | Securitization | | | Securitization | |
Months | | of Leases | | | Number of Leases(1) | | | Value(1) | | | Value(1) | |
36 or Fewer | | | 144 | | | | 0.28 | % | | $ | 4,627,885.84 | | | | 0.40 | % |
37 to 42 | | | 51,706 | | | | 98.79 | | | | 1,146,595,946.11 | | | | 98.11 | |
43 to 48 | | | 313 | | | | 0.60 | | | | 11,647,128.03 | | | | 1.00 | |
49 to 60 | | | 174 | | | | 0.33 | | | | 5,823,039.37 | | | | 0.50 | |
| | | | | | | | | | | | |
Total | | | 52,337 | | | | 100.00 | % | | $ | 1,168,693,999.35 | | | | 100.00 | % |
| | | | | | | | | | | | |
Based on a Securitization Rate of 7.00%.
| | |
(1) | | Balances and percentages may not add to total due to rounding. |
Distribution of the Leases by Remaining Lease Term
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Percentage of | |
| | | | | | | | | | Aggregate | | | Aggregate | |
| | Number | | | Percentage of Total | | | Securitization | | | Securitization | |
Months | | of Leases | | | Number of Leases(1) | | | Value(1) | | | Value(1) | |
1 to 12 | | | 452 | | | | 0.86 | % | | $ | 8,200,074.13 | | | | 0.70 | % |
13 to 18 | | | 3,994 | | | | 7.63 | | | | 76,138,259.01 | | | | 6.51 | |
19 to 24 | | | 11,557 | | | | 22.08 | | | | 244,935,818.17 | | | | 20.96 | |
25 to 30 | | | 14,560 | | | | 27.82 | | | | 331,740,763.46 | | | | 28.39 | |
31 to 36 | | | 17,237 | | | | 32.93 | | | | 401,783,956.31 | | | | 34.38 | |
37 to 42 | | | 4,250 | | | | 8.12 | | | | 95,287,405.70 | | | | 8.15 | |
43 to 48 | | | 130 | | | | 0.25 | | | | 5,157,783.57 | | | | 0.44 | |
49 to 54 | | | 64 | | | | 0.12 | | | | 2,347,306.95 | | | | 0.20 | |
55 to 60 | | | 93 | | | | 0.18 | | | | 3,102,632.06 | | | | 0.27 | |
| | | | | | | | | | | | |
Total | | | 52,337 | | | | 100.00 | % | | $ | 1,168,693,999.35 | | | | 100.00 | % |
| | | | | | | | | | | | |
Based on a Securitization Rate of 7.00%.
| | |
(1) | | Balances and percentages may not add to total due to rounding. |
Distribution of the Leases by Quarter of Maturity
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Percentage | | | | | | | Percentage of | | | | | | | | |
| | | | | | of Total | | | Aggregate | | | Aggregate | | | | | | | Percentage of | |
| | Number | | | Number of | | | Securitization | | | Securitization | | | Aggregate | | | Aggregate Base | |
Maturity Date | | of Leases | | | Leases(1) | | | Value(1) | | | Value(1) | | | Base Residual(1) | | | Residual(1) | |
Third Quarter 2012 | | | 452 | | | | 0.86 | % | | $ | 8,200,074.13 | | | | 0.70 | % | | $ | 6,629,433.65 | | | | 0.84 | % |
Fourth Quarter 2012 | | | 1,533 | | | | 2.93 | | | | 28,032,810.70 | | | | 2.40 | | | | 21,936,871.46 | | | | 2.77 | |
First Quarter 2013 | | | 2,461 | | | | 4.70 | | | | 48,105,448.31 | | | | 4.12 | | | | 36,657,289.45 | | | | 4.62 | |
Second Quarter 2013 | | | 4,076 | | | | 7.79 | | | | 86,935,515.30 | | | | 7.44 | | | | 64,347,788.32 | | | | 8.11 | |
Third Quarter 2013 | | | 7,481 | | | | 14.29 | | | | 158,000,302.88 | | | | 13.52 | | | | 112,392,958.94 | | | | 14.17 | |
Fourth Quarter 2013 | | | 7,089 | | | | 13.54 | | | | 159,118,271.49 | | | | 13.62 | | | | 109,582,219.51 | | | | 13.82 | |
First Quarter 2014 | | | 7,471 | | | | 14.27 | | | | 172,622,491.97 | | | | 14.77 | | | | 117,037,737.46 | | | | 14.76 | |
Second Quarter 2014 | | | 8,086 | | | | 15.45 | | | | 189,895,911.37 | | | | 16.25 | | | | 126,861,804.81 | | | | 16.00 | |
Third Quarter 2014 | | | 9,151 | | | | 17.48 | | | | 211,888,044.94 | | | | 18.13 | | | | 134,460,459.95 | | | | 16.96 | |
Fourth Quarter 2014 | | | 4,147 | | | | 7.92 | | | | 91,302,690.46 | | | | 7.81 | | | | 56,224,373.23 | | | | 7.09 | |
First Quarter 2015 | | | 103 | | | | 0.20 | | | | 3,984,715.24 | | | | 0.34 | | | | 2,089,614.79 | | | | 0.26 | |
Second Quarter 2015 | | | 118 | | | | 0.23 | | | | 4,792,128.10 | | | | 0.41 | | | | 2,366,549.25 | | | | 0.30 | |
Third Quarter 2015 | | | 12 | | | | 0.02 | | | | 365,655.47 | | | | 0.03 | | | | 156,419.05 | | | | 0.02 | |
Fourth Quarter 2015 | | | 14 | | | | 0.03 | | | | 509,906.74 | | | | 0.04 | | | | 217,911.30 | | | | 0.03 | |
First Quarter 2016 | | | 50 | | | | 0.10 | | | | 1,837,400.20 | | | | 0.16 | | | | 776,268.40 | | | | 0.10 | |
Second Quarter 2016 | | | 87 | | | | 0.17 | | | | 2,933,562.61 | | | | 0.25 | | | | 1,190,557.61 | | | | 0.15 | |
Third Quarter 2016 | | | 6 | | | | 0.01 | | | | 169,069.45 | | | | 0.01 | | | | 68,207.10 | | | | 0.01 | |
| | | | | | | | | | | | | | | | | | |
Total | | | 52,337 | | | | 100.00 | % | | $ | 1,168,693,999.35 | | | | 100.00 | % | | $ | 792,996,464.28 | | | | 100.00 | % |
| | | | | | | | | | | | | | | | | | |
Based on a Securitization Rate of 7.00%.
| | |
(1) | | Balances and percentages may not add to total due to rounding. |
Distribution of the Leases by State
| | | | | | | | | | | | | | | | |
| | | | | | Percentage of | | | Aggregate | | | Percentage of | |
| | Number | | | Total Number of | | | Securitization | | | Aggregate | |
State | | of Leases(1) | | | Leases(1)(2) | | | Value(1)(2) | | | Securitization Value(1)(2) | |
New Jersey | | | 7,626 | | | | 14.57 | % | | $ | 174,746,412.72 | | | | 14.95 | % |
Florida | | | 7,115 | | | | 13.59 | | | | 165,838,016.67 | | | | 14.19 | |
New York | | | 7,339 | | | | 14.02 | | | | 143,554,975.14 | | | | 12.28 | |
California | | | 3,326 | | | | 6.35 | | | | 80,618,468.07 | | | | 6.90 | |
Pennsylvania | | | 3,561 | | | | 6.80 | | | | 75,074,205.01 | | | | 6.42 | |
Texas | | | 2,550 | | | | 4.87 | | | | 65,195,552.40 | | | | 5.58 | |
Ohio | | | 2,616 | | | | 5.00 | | | | 56,088,121.98 | | | | 4.80 | |
Massachusetts | | | 2,369 | | | | 4.53 | | | | 48,636,433.86 | | | | 4.16 | |
Connecticut | | | 1,936 | | | | 3.70 | | | | 40,720,702.82 | | | | 3.48 | |
Illinois | | | 1,480 | | | | 2.83 | | | | 35,168,785.66 | | | | 3.01 | |
Michigan | | | 1,436 | | | | 2.74 | | | | 29,596,467.31 | | | | 2.53 | |
Georgia | | | 968 | | | | 1.85 | | | | 23,668,509.75 | | | | 2.03 | |
Minnesota | | | 876 | | | | 1.67 | | | | 18,209,758.00 | | | | 1.56 | |
Indiana | | | 797 | | | | 1.52 | | | | 16,476,947.14 | | | | 1.41 | |
North Carolina | | | 646 | | | | 1.23 | | | | 15,714,415.09 | | | | 1.34 | |
Virginia | | | 602 | | | | 1.15 | | | | 14,890,910.17 | | | | 1.27 | |
Wisconsin | | | 657 | | | | 1.26 | | | | 13,715,480.42 | | | | 1.17 | |
Arizona | | | 499 | | | | 0.95 | | | | 12,262,191.33 | | | | 1.05 | |
Maryland | | | 453 | | | | 0.87 | | | | 12,044,819.99 | | | | 1.03 | |
Missouri | | | 441 | | | | 0.84 | | | | 10,220,337.70 | | | | 0.87 | |
New Hampshire | | | 463 | | | | 0.88 | | | | 9,618,047.00 | | | | 0.82 | |
Tennessee | | | 342 | | | | 0.65 | | | | 8,902,734.18 | | | | 0.76 | |
Colorado | | | 369 | | | | 0.71 | | | | 8,628,007.22 | | | | 0.74 | |
Nevada | | | 366 | | | | 0.70 | | | | 8,112,718.35 | | | | 0.69 | |
Rhode Island | | | 356 | | | | 0.68 | | | | 7,525,613.94 | | | | 0.64 | |
Iowa | | | 345 | | | | 0.66 | | | | 7,392,094.70 | | | | 0.63 | |
Louisiana | | | 281 | | | | 0.54 | | | | 7,272,713.99 | | | | 0.62 | |
Washington | | | 270 | | | | 0.52 | | | | 6,853,676.05 | | | | 0.59 | |
South Carolina | | | 243 | | | | 0.46 | | | | 5,719,835.30 | | | | 0.49 | |
Alabama | | | 220 | | | | 0.42 | | | | 5,599,141.04 | | | | 0.48 | |
Kentucky | | | 195 | | | | 0.37 | | | | 4,382,409.61 | | | | 0.37 | |
Nebraska | | | 193 | | | | 0.37 | | | | 3,910,847.22 | | | | 0.33 | |
Utah | | | 156 | | | | 0.30 | | | | 3,778,142.76 | | | | 0.32 | |
Kansas | | | 160 | | | | 0.31 | | | | 3,775,266.04 | | | | 0.32 | |
Delaware | | | 161 | | | | 0.31 | | | | 3,633,754.16 | | | | 0.31 | |
Maine | | | 143 | | | | 0.27 | | | | 2,912,451.60 | | | | 0.25 | |
Oregon | | | 97 | | | | 0.19 | | | | 2,741,405.48 | | | | 0.23 | |
Mississippi | | | 99 | | | | 0.19 | | | | 2,303,429.39 | | | | 0.20 | |
Vermont | | | 116 | | | | 0.22 | | | | 2,210,256.17 | | | | 0.19 | |
Hawaii | | | 96 | | | | 0.18 | | | | 2,179,934.78 | | | | 0.19 | |
Oklahoma | | | 74 | | | | 0.14 | | | | 1,979,108.34 | | | | 0.17 | |
West Virginia | | | 58 | | | | 0.11 | | | | 1,266,316.60 | | | | 0.11 | |
District of Columbia | | | 48 | | | | 0.09 | | | | 1,261,955.27 | | | | 0.11 | |
North Dakota | | | 46 | | | | 0.09 | | | | 942,375.84 | | | | 0.08 | |
South Dakota | | | 43 | | | | 0.08 | | | | 906,289.36 | | | | 0.08 | |
New Mexico | | | 31 | | | | 0.06 | | | | 757,197.05 | | | | 0.06 | |
Arkansas | | | 23 | | | | 0.04 | | | | 590,182.09 | | | | 0.05 | |
Idaho | | | 23 | | | | 0.04 | | | | 464,038.27 | | | | 0.04 | |
Wyoming | | | 13 | | | | 0.02 | | | | 318,176.41 | | | | 0.03 | |
Montana | | | 11 | | | | 0.02 | | | | 258,345.17 | | | | 0.02 | |
Alaska | | | 3 | | | | 0.01 | | | | 56,024.75 | | | | 0.00 | (3) |
| | | | | | | | | | | | |
Total | | | 52,337 | | | | 100.00 | % | | $ | 1,168,693,999.35 | | | | 100.00 | % |
| | | | | | | | | | | | |
Based on a Securitization Rate of 7.00%.
| | |
(1) | | Based on the billing addresses of lessees. |
|
(2) | | Balances and percentages may not add to total due to rounding. |
|
(3) | | Less than 0.01% but greater than 0.00%. |