EX-20.1 2 nalt05a1105ex20_1.htm EXHIBIT 20.1 SETTLEMENT STATEMENT FOR THE MONTH ENDED NOVEMBER 30, 2005 Exhibit 20.1 Settlement Statement for the month ended November 30, 2005
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
 
 
Page 5 of 8

 
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
 
 
Page 6 of 8

 
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
 
 
Page 7 of 8

 
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
 
 
 
Page 8 of 8