Exhibit 20.1
Nissan Auto Lease Trust 2005-A
Settlement Statement for the month ended January 31, 2006
Collection Period Start | 1-Jan-06 | Distribution Date | 15-Feb-06 | ||
Collection Period End | 31-Jan-06 | 30/360 Days | 30 | ||
Beg. of Interest Period | 17-Jan-06 | Actual/360 Days | 29 | ||
End of Interest Period | 15-Feb-06 |
SUMMARY | ||||||||||||||||
Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||
Total Portfolio | 1,550,442,391.02 | 1,471,076,027.31 | 1,440,706,653.40 | 0.9292230 | ||||||||||||
Total Securities | 1,550,442,391.02 | 1,471,076,027.31 | 1,440,706,653.40 | 0.9292230 | ||||||||||||
Class A-1 Notes | 4.271000 | % | 219,700,000.00 | 140,333,636.29 | 109,964,262.38 | 0.5005201 | ||||||||||
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 | 4.520000 | % | 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 | 30,369,373.91 | 482,821.77 | 138.2311056 | 2.1976412 | ||||||||||||
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 | 1,779,411.00 | 0.0000000 | 3.6411111 | ||||||||||||
Certificates | 0.00 | 0.00 | 0.0000000 | 0.0000000 | ||||||||||||
Total Securities | 30,369,373.91 | 4,934,832.77 |
I. COLLECTIONS | ||||||||||||||||
Lease Payments: ( Lease SUBI) | ||||||||||||||||
Monthly Principal | 22,120,918.53 | |||||||||||||||
Monthly Interest | 6,409,880.88 | |||||||||||||||
Total Monthly Payments | 28,530,799.41 | |||||||||||||||
Interest Rate Cap Payments | 0.00 | |||||||||||||||
Advances: | ||||||||||||||||
Aggregate Monthly Payment Advances | 1,159,155.04 | |||||||||||||||
Aggregate Sales Proceeds Advance | 609,953.92 | |||||||||||||||
Total Advances | 1,769,108.96 | |||||||||||||||
Vehicle Disposition Proceeds: | ||||||||||||||||
Reallocation Payments | 1,281,935.14 | |||||||||||||||
Repurchase Payments | 12,772.20 | |||||||||||||||
Net Auction Proceeds | 0.00 | |||||||||||||||
Recoveries | 0.00 | |||||||||||||||
Net Liquidation Proceeds | 9,778,851.15 | |||||||||||||||
Excess Wear and Tear and Excess Mileage | 1,984.84 | |||||||||||||||
Remaining Payoffs | 0.00 | |||||||||||||||
Net Insurance Proceeds | 1,067,827.27 | |||||||||||||||
Residual Value Surplus | 22,072.30 | |||||||||||||||
Total Collections | 42,465,351.27 |
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II. COLLATERAL POOL BALANCE DATA | ||||||||||||||||
Number | Book Amount | Discount Rate | Securitization Value | |||||||||||||
Pool Balance - Beginning of Period | 67,023 | 1,606,634,231.12 | 8.15000 | % | 1,471,076,027.31 | |||||||||||
Total Depreciation Received | (21,015,155.57) | (17,556,362.40) | ||||||||||||||
Principal Amount of Gross Losses | (119) | (2,926,954.54) | (2,749,851.33) | |||||||||||||
Repurchase / Reallocation | (1) | (12,782.43) | (12,772.20) | |||||||||||||
Early Terminations | (7) | (180,830.40) | (167,925.08) | |||||||||||||
Scheduled Terminations | (470) | (10,371,429.29) | (9,882,462.90) | |||||||||||||
Pool Balance - End of Period | 66,426 | 1,572,127,078.89 | 8.15000 | % | 1,440,706,653.40 | |||||||||||
III. DISTRIBUTIONS | ||||||||||||||||
Total Collections | 42,465,351.27 | |||||||||||||||
Reserve Amounts Available for Distribution | 0.00 | |||||||||||||||
Total Available for Distribution | 42,465,351.27 | |||||||||||||||
1. Amounts due Indenture Trustee as Compensation or Indemnity | 0.00 | |||||||||||||||
2. Reimbursement of Payment Advance | 1,532,532.00 | |||||||||||||||
3. Reimbursement of Sales Proceeds Advance | 297,168.16 | |||||||||||||||
4. Servicing Fee: | ||||||||||||||||
Servicing Fee Due | 1,225,896.69 | |||||||||||||||
Servicing Fee Paid | 1,225,896.69 | |||||||||||||||
Servicing Fee Shortfall | 0.00 | |||||||||||||||
Total Trustee, Advances and Servicing Fee Paid | 3,055,596.85 | |||||||||||||||
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 | 482,821.77 | |||||||||||||||
Class A-1 Notes Monthly Interest Paid | 482,821.77 | |||||||||||||||
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 | 1,779,411.00 | |||||||||||||||
Class A-4 Notes Monthly Interest Paid | 1,779,411.00 | |||||||||||||||
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 | 4,934,832.77 | |||||||||||||||
Total Note and Certificate Monthly Interest Paid | 4,934,832.77 | |||||||||||||||
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 | 34,474,921.65 | |||||||||||||||
6. Total Monthly Principal Paid on the Notes | ||||||||||||||||
Total Monthly Principal Paid on the Class A Notes | 30,369,373.91 | |||||||||||||||
Total Class A Noteholders' Principal Carryover Shortfall | 0.00 | |||||||||||||||
Total Class A Noteholders' Principal Distributable Amount | 30,369,373.91 | |||||||||||||||
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 | 4,105,547.74 |
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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 | 32,513,162.65 | |||||||||||||||
Reinvestment Income for the Period | 245,906.25 | |||||||||||||||
Reserve Fund Available for Distribution | 32,759,068.90 | |||||||||||||||
Reserve Fund Draw Amount | 0.00 | |||||||||||||||
Deposit of Remaining Available Collections | 4,105,547.74 | |||||||||||||||
Gross Reserve Account Balance | 36,864,616.64 | |||||||||||||||
Remaining Available Collections Released to Seller | 0.00 | |||||||||||||||
Ending Reserve Account Balance | 36,864,616.64 | |||||||||||||||
V. POOL STATISTICS | ||||||||||||||||
Weighted Average Remaining Maturity | 26.78 | |||||||||||||||
Monthly Prepayment Speed | 89.000 | % | ||||||||||||||
Lifetime Prepayment Speed | 74.000 | % | ||||||||||||||
$ | units | |||||||||||||||
Recoveries of Defaulted and Casualty Receivables | 1,607,263.13 | |||||||||||||||
Securitization Value of Defaulted Receivables and Casualty Receivables | 2,749,851.33 | 119 | ||||||||||||||
Aggregate Defaulted and Casualty Gain (Loss) | (1,142,588.20) | |||||||||||||||
Pool Balance at Beginning of Collection Period | 1,471,076,027.31 | |||||||||||||||
Net Loss Ratio | -0.0777 | % | ||||||||||||||
Cumulative Net Losses for all Periods | 0.1299 | % | 2,014,589.71 | |||||||||||||
Delinquent Receivables: | Amount | Number | ||||||||||||||
31-60 Days Delinquent | 13,016,994.23 | 569 | ||||||||||||||
61-90 Days Delinquent | 3,275,837.15 | 138 | ||||||||||||||
91-120+ Days Delinquent | 1,502,993.23 | 65 | ||||||||||||||
Total Delinquent Receivables: | 17,795,824.61 | 772 | ||||||||||||||
60+ Days Delinquencies as Percentage of Receivables | 0.32 | % | ||||||||||||||
Aggregate Sales Performance of Auctioned Vehicles | $ | units | ||||||||||||||
Sales Proceeds | 734,405.41 | 42 | ||||||||||||||
Securitization Value | 832,825.99 | |||||||||||||||
Aggregate Residual Gain (Loss) | (98,420.58) | |||||||||||||||
Cumulative Sales Performance of Auctioned Vehicles | $ | units | ||||||||||||||
Cumulative Sales Proceeds | 2,084,421.44 | 124 | ||||||||||||||
Cumulative Securitization Value | 2,461,095.06 | |||||||||||||||
Cumulative Residual Gain (Loss) | (376,673.62) | |||||||||||||||
VI. RECONCILIATION OF ADVANCES | . | |||||||||||||||
Beginning Balance of Residual Advance | 554,830.38 | |||||||||||||||
Reimbursement of Outstanding Advance | 297,168.16 | |||||||||||||||
Additional Advances for current period | 609,953.92 | |||||||||||||||
Ending Balance of Residual Advance | 867,616.14 | |||||||||||||||
Beginning Balance of Payment Advance | 3,399,135.20 | |||||||||||||||
Reimbursement of Outstanding Payment Advance | 1,532,532.00 | |||||||||||||||
Additional Payment Advances for current period | 1,159,155.04 | |||||||||||||||
Ending Balance of Payment Advance | 3,025,758.24 | |||||||||||||||
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