-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SbCWhYMZp5NpV6Scc8DTW23VXx7PUBWv7FGtohGGMLns9BQCN9WM15P07qEm/r68 DeAIipEsPPrfJDWUsLaO9A== 0001300197-05-000001.txt : 20050121 0001300197-05-000001.hdr.sgml : 20050121 20050121154243 ACCESSION NUMBER: 0001300197-05-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050118 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050121 DATE AS OF CHANGE: 20050121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NISSAN AUTO LEASING LLC II CENTRAL INDEX KEY: 0001244832 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 954885574 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106763 FILM NUMBER: 05541534 BUSINESS ADDRESS: STREET 1: 990 W 190TH STREET CITY: TORRANCE STATE: CA ZIP: 90502 BUSINESS PHONE: 3107198583 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NILT TRUST CENTRAL INDEX KEY: 0001244824 IRS NUMBER: 526935346 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106763-02 FILM NUMBER: 05541535 BUSINESS ADDRESS: STREET 1: C/O NISSAN NORTH AMERICA, INC. STREET 2: 990 WEST 190TH STREET, MAILSTOP M8A CITY: TORRANCE STATE: CA ZIP: 90502 BUSINESS PHONE: 3107198584 MAIL ADDRESS: STREET 1: C/O NISSAN NORTH AMERICA, INC. STREET 2: 990 WEST 190TH STREET, MAILSTOP M8A CITY: TORRANCE STATE: CA ZIP: 90502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NISSAN-INFINITI LT CENTRAL INDEX KEY: 0001244827 IRS NUMBER: 336226449 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106763-01 FILM NUMBER: 05541537 BUSINESS ADDRESS: STREET 1: C/O NISSAN NORTH AMERICA, INC. STREET 2: 990 WEST 190TH STREET, MAILSTOP M8A CITY: TORRANCE STATE: CA ZIP: 90502 BUSINESS PHONE: 3107198235 MAIL ADDRESS: STREET 1: C/O NISSAN NORTH AMERICA, INC. STREET 2: 990 WEST 190TH STREET, MAILSTOP M8A CITY: TORRANCE STATE: CA ZIP: 90502 FORMER COMPANY: FORMER CONFORMED NAME: NISSAN INFINITI LT DATE OF NAME CHANGE: 20030620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Nissan Auto Lease Trust 2004-A CENTRAL INDEX KEY: 0001300197 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 516557795 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-118256 FILM NUMBER: 05541533 BUSINESS ADDRESS: STREET 1: C/O NISSAN NORTH AMERICA, INC. STREET 2: 990 WEST 190TH STREET CITY: TORANCE STATE: CA ZIP: 90502 BUSINESS PHONE: 310-719-8509 MAIL ADDRESS: STREET 1: C/O NISSAN NORTH AMERICA, INC. STREET 2: 990 WEST 190TH STREET CITY: TORANCE STATE: CA ZIP: 90502 8-K 1 a041204-nalta.htm a041204-nalt

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

____________________

 

FORM 8-K
CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported):

January 18, 2005

 

Nissan Auto Leasing LLC II
(Originator of the Note Issuer and Transferor of the SUBI Certificate to the Note Issuer)
(Exact name of registrant as specified in its charter)

Nissan-Infiniti LT
(Issuer with respect to the SUBI Certificate)
(Exact name of registrant as specified in its charter)

NILT Trust
(Transferor of the SUBI Certificate to Nissan Auto Leasing LLC II)
(Exact name of registrant as specified in its charter)

Nissan Auto Lease Trust 2004-A
(Issuer with respect to the Notes)
(Exact name of registrant as specified in its charter)

 

Delaware

333-106763
333-106763-01
333-106763-02
333-118256

95-4885574
33-6226449
52-6935346
51-6557795

(State or other Jurisdiction of incorporation)

(Commission Registration Number)

(I.R.S. Employer Identification Number)

 

 

990 WEST 190TH STREET
TORRANCE, CALIFORNIA 90502

___________________________________

(Address of principal executive office)

 

Registrant's telephone number, including area code: (310) 719-8509

 


 

Item 5. Other Events.

Pursuant to Section 8.09(b) of the 2004-A Servicing Supplement, dated as of October 28, 2004 (the "Agreement"), by and among Nissan-Infiniti LT, as titling trust, NILT Trust, as UTI beneficiary, and Nissan Motor Acceptance Corporation, as servicer (the "Servicer"), the Servicer has delivered to the Trustee (as defined in the Agreement), a Settlement Statement (as defined in the Agreement). The Settlement Statement is attached hereto as Exhibit 20.1.

 

Item 7(c).

Financial Statements, Pro Forma Financial Information and Exhibits.

 

(a) Not applicable.

 

(b) Not applicable.

 

(c) Exhibits

 

The exhibit number corresponds with Item 601(a) of Regulation S-K.

 

Exhibit No.

Description

 

20.1

Settlement Statement for the month ended December 31, 2004


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the undersigned thereunto duly authorized.

 

 

NISSAN AUTO LEASING LLC II

 

 

 

 

By:

___/s/___Joji Tagawa_________

 

 

Joji Tagawa
Treasurer

 

NISSAN AUTO LEASE TRUST 2004-A

 

By:

Nissan Auto Leasing LLC II,
solely as originator of
Nissan Auto Lease Trust 2004-A

 

 

By:

___/s/___Joji Tagawa____

 

 

 

Joji Tagawa
Treasurer

 

NILT TRUST

 

By:

Nissan Motor Acceptance Corporation,
solely as grantor and beneficiary

 

 

 

 

 

By:

___/s/___Joji Tagawa_____

 

 

 

Joji Tagawa
Treasurer

 

NISSAN-INFINITI LT

 

By:

Nissan Motor Acceptance Corporation,
solely as originator of
Nissan-Infiniti LT

 

 

 

 

 

By:

___/s/_Joji Tagawa_________

 

 

 

Joji Tagawa
Treasurer

 

January 21, 2005

 


EXHIBIT INDEX

 

 

Exhibit No.

Description

Sequentially
Numbered Page

20.1

Settlement Statement for the month ended
December 31, 2004

5


Exhibit 20.1

NISSAN AUTO LEASE TRUST 2004-A

Settlement Statement

for the month ended December 31, 2004

NALT 2004-A

Collection Period Start

01-Dec-04

Distribution Date

18-Jan-05

 

Collection Period End

31-Dec-04

30/360 Days

30

Beg. of Interest Period

15-Dec-04

Actual/360 Days

34

End of Interest Period

18-Jan-05

 

 

 

SUMMARY

 

Coupon Rate

Initial Balance

Beginning Balance

Ending Balance

Pool Factor

 

Total Portfolio

1,680,098,819.60

1,592,319,596.60

1,560,235,442.37

0.9286569

Total Securities

1,680,098,819.60

1,592,319,596.60

1,560,235,442.37

0.9286569

Class A-1 Notes

2.105630%

265,000,000.00

177,220,777.00

145,136,622.77

0.5476854

Class A-2 Notes

2.550000%

260,000,000.00

260,000,000.00

260,000,000.00

1.0000000

Class A-3 Notes

2.900000%

357,000,000.00

357,000,000.00

357,000,000.00

1.0000000

Class A-4a Notes

2.472500%

488,000,000.00

488,000,000.00

488,000,000.00

1.0000000

Class A-4b Notes

3.180000%

100,000,000.00

100,000,000.00

100,000,000.00

1.0000000

Certificates

0.000000%

210,098,819.60

210,098,819.60

210,098,819.60

1.0000000

 

 

Principal Payment Due

Interest Payment

Principal per $1000 Face Amount

Interest per $1000 Face Amount

 

Class A-1 Notes

32,084,154.23

352,430.20

121.0722801

1.3299253

Class A-2 Notes

0.00

552,500.00

0.0000000

2.1250000

Class A-3 Notes

0.00

862,750.00

0.0000000

2.4166667

Class A-4a Notes

0.00

1,139,547.78

0.0000000

2.3351389

Class A-4b

0.00

265,000.00

0.0000000

2.6500000

Certificates

0.00

0.00

0.0000000

0.0000000

Total Securities

32,084,154.23

3,172,227.98

 

 

I. COLLECTIONS

 

Lease Payments: ( Lease SUBI)

Monthly Principal

20,950,874.86

Monthly Interest

6,223,055.23

Total Monthly Payments

27,173,930.09

 

Interest Rate Cap Payments

0.00

 

Advances:

Aggregate Monthly Payment Advances

1,413,465.89

Aggregate Sales Proceeds Advance

1,281,886.52

Total Advances

2,695,352.41

 

Vehicle Disposition Proceeds:

Reallocation Payments

1,417,596.93

Repurchase Payments

47,644.43

Net Auction Proceeds

0.00

Recoveries

0.00

Net Liquidation Proceeds

7,577,489.95

Excess Wear and Tear and Excess Mileage

3,112.46

Remaining Payoffs

0.00

Net Insurance Proceeds

819,710.81

Residual Value Surplus

1,867.19

Total Collections

39,736,704.27

 

II. COLLATERAL POOL BALANCE DATA

 

Number

Book Amount

Discount Rate

Securitization Value

 

Pool Balance - Beginning of Period

69,944

1,627,039,640.56

4.50000%

1,592,319,596.60

Total Depreciation Received

-

(20,857,605.02)

 

(21,059,148.93)

Principal Amount of Gross Losses

(89)

(2,288,552.58)

(2,346,549.09)

Repurchase / Reallocation

(2)

(46,229.29)

(47,644.43)

Early Terminations

(10)

(211,734.26)

(203,205.98)

Scheduled Terminations

(350)

(8,408,921.28)

(8,427,605.80)

Pool Balance - End of Period

69,493

1,595,226,598.13

4.50000%

1,560,235,442.37

 

III. DISTRIBUTIONS

 

Total Collections

39,736,704.27

Reserve Amounts Available for Distribution

0.00

Total Available for Distribution

39,736,704.27

 

1. Amounts due Indenture Trustee as Compensation or Indemnity

0.00

2. Reimbursement of Payment Advance

1,352,766.10

3. Reimbursement of Sales Proceeds Advance

539,173.02

4. Servicing Fee:

Servicing Fee Due

1,326,933.00

Servicing Fee Paid

1,326,933.00

Servicing Fee Shortfall

0.00

Total Trustee, Advances and Servicing Fee Paid

3,218,872.12

 

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

352,430.20

 

Class A-1 Notes Monthly Interest Paid

352,430.20

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

552,500.00

 

Class A-2 Notes Monthly Interest Paid

552,500.00

Chg in Class A-2 Notes Int. Carryover Shortfall

0.00

 

Class A-3 Notes Monthly Interest

0.00

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

862,750.00

 

Class A-3 Notes Monthly Interest Paid

862,750.00

Chg in Class A-3a Notes Int. Carryover Shortfall

0.00

 

Class A-4 Monthly Interest

 

Class A-4a Notes Interest Carryover Shortfall

0.00

Class A-4a Notes Interest on Interest Carryover Shortfall

1,139,547.78

Class A-4a Notes Monthly Available Interest Distribution Amount

0.00

 

 

Class A-4a Notes Monthly Interest Paid

1,139,547.78

Chg in Class A-4a Notes Int. Carryover Shortfall

0.00

 

 

Class A-4b Notes Interest Carryover Shortfall

0.00

Class A-4b Notes Interest on Interest Carryover Shortfall

0.00

Class A-4b Notes Monthly Available Interest Distribution Amount

265,000.00

 

Class A-4b Notes Monthly Interest Paid

265,000.00

Chg in Class A-4b 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

0.00

Total Note and Certificate Monthly Interest

Total Note and Certificate Monthly Interest Due

3,172,227.98

Total Note and Certificate Monthly Interest Paid

3,172,227.98

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

33,345,604.17

 

6. Total Monthly Principal Paid on the Notes

Total Monthly Principal Paid on the Class A Notes

32,084,154.23

 

Total Class A Noteholders' Principal Carryover Shortfall

0.00

Total Class A Noteholders' Principal Distributable Amount

32,084,154.23

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

1,261,449.94

 

IV. RESERVE ACCOUNT

 

Initial Reserve Account Amount

25,201,482.29

Required Reserve Account Amount

50,402,964.59

Beginning Reserve Account Balance

36,399,694.82

Reinvestment Income for the Period

119,789.91

Reserve Fund Available for Distribution

36,519,484.73

Reserve Fund Draw Amount

0.00

Deposit of Remaining Available Collections

1,261,449.94

Gross Reserve Account Balance

37,780,934.67

Remaining Available Collections Released to Seller

0.00

Ending Reserve Account Balance

37,780,934.67

 

V. POOL STATISTICS

 

Weighted Average Remaining Maturity

28.75

Monthly Prepayment Speed

24.000%

Lifetime Prepayment Speed

-55.000%

 

 

$

units

Recoveries of Defaulted and Casualty Receivables

1,597,928.67

 

Securitization Value of Defaulted Receivables and Casualty Receivables

2,346,549.09

89

Aggregate Defaulted and Casualty Gain (Loss)

(748,620.42)

 

Pool Balance at Beginning of Collection Period

1,592,319,596.60

 

Net Loss Ratio

-0.0470%

 

 

Cumulative Net Losses for all Periods

0.0890%

1,495,207.18

 

Delinquent Receivables:

Amount

Number

31-60 Days Delinquent

16,826,582.88

706

61-90 Days Delinquent

2,993,798.17

117

91-120+ Days Delinquent

1,122,066.41

37

Total Delinquent Receivables:

20,942,447.46

860

60+ Days Delinquencies as Percentage of Receivables

0.26%

 

 

Aggregate Sales Performance of Auctioned Vehicles

$

units

Sales Proceeds

566,125.00

33

Securitization Value

691,419.53

 

Aggregate Residual Gain (Loss)

(125,294.53)

 

 

Cumulative Sales Performance of Auctioned Vehicles

$

units

Cumulative Sales Proceeds

1,616,939.00

91

Cumulative Securitization Value

2,033,952.20

 

Cumulative Residual Gain (Loss)

(417,013.20)

 

 

VI. Reconciliation of Advances

 

Beginning Balance of Residual Advance

1,000,644.98

Reimbursement of Outstanding Advance

539,173.02

Additional Advances for current period

1,281,886.52

Ending Balance of Residual Advance

1,743,358.48

 

Beginning Balance of Payment Advance

3,260,479.91

Reimbursement of Outstanding Payment Advance

1,352,766.10

Additional Payment Advances for current period

1,413,465.89

Ending Balance of Payment Advance

3,321,179.70

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