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Previous: OAKWOOD MORTGAGE INVESTORS INC OMI TRUST 2000-B, 8-K, EX-20.1, 2000-07-21 |
Next: Q POWER INC, SB-2, 2000-07-21 |
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):
July 17, 2000
Nissan Auto Receivables Corporation
on behalf of Nissan Auto Receivables 2000-B Owner Trust
(Exact name of registrant as specified in its charter)
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Delaware |
333-82763 |
33-0479655 |
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(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) 719-8013
Exhibit Index is on Page 4
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Item 5. |
Other Events. |
On July 17, 2000, the principal and interest collected during the preceding calendar month, net of certain adjustments as provided for in the Sale and Servicing Agreement, dated as of June 21, 2000 (the "Agreement"), among Nissan Auto Receivables 2000-B Owner Trust, as Issuer, Nissan Auto Receivables Corporation, as Seller, and Nissan Motor Acceptance Corporation, as Servicer, were distributed to the holders of notes ("Noteholders") issued by Nissan Auto Receivables 2000-B Owner Trust. In accordance with the Agreement, the Servicer's Certificate, as defined in the Agreement, was furnished to the Indenture Trustee (as defined in the Agreement) for the benefit of the Noteholders. A copy of the Servicer's Certificate is being filed as Exhibit 99.1 to this Current Report on Form 8-K.
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Item 7(c). |
Exhibits. |
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The exhibit number corresponds with Item 601(a) of Regulation S-K. |
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Exhibit No. |
Description |
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99.1 |
Servicer's Certificate for the |
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.
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NISSAN AUTO RECEIVABLES CORPORATION |
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By: |
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Name: |
Kazuhiko Kazama |
July 20, 2000
EXHIBIT INDEX
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Exhibit No. |
Description |
Sequentially |
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99.1 |
Servicer's Certificate for the month of June 2000 |
5 |
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Nissan Auto Receivables 2000-B |
Exhibit 99.1 |
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Collection Period |
June-00 |
30/360 Days |
26 |
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Distribution Date |
17-Jul-00 |
Actual/360 Days |
26 |
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Coupon Rate |
Initial Balance |
Beginning Balance |
Ending Balance |
Pool Factor |
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Total Portfolio |
962,575,953.38 |
962,575,953.38 |
935,309,476.43 |
0.972 |
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Total Securities |
962,575,953.38 |
962,575,953.38 |
935,309,476.43 |
0.972 |
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Class A-1 Notes |
6.83125% |
225,000,000.00 |
225,000,000.00 |
197,733,523.05 |
0.879 |
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Class A-2 Notes |
7.15000% |
286,750,000.00 |
286,750,000.00 |
286,750,000.00 |
1.000 |
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Class A-3 Notes |
7.25000% |
288,000,000.00 |
288,000,000.00 |
288,000,000.00 |
1.000 |
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Class A-4 Notes |
7.27000% |
81,000,000.00 |
81,000,000.00 |
81,000,000.00 |
1.000 |
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Certificates |
0.00000% |
81,825,953.38 |
81,825,953.38 |
81,825,953.38 |
1.000 |
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Principal |
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Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
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Class A-1 Notes |
27,266,476.95 |
1,110,078.13 |
121.1843420 |
4.9336806 |
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Class A-2 Notes |
0.00 |
1,480,745.14 |
- |
5.1638889 |
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Class A-3 Notes |
0.00 |
1,508,000.00 |
- |
5.2361111 |
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Class A-4 Notes |
0.00 |
425,295.00 |
- |
5.2505556 |
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Certificates |
0.00 |
0.00 |
- |
- |
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Total Securities |
27,266,476.95 |
4,524,118.26 |
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I. COLLECTIONS |
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Interest: |
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Interest Collections |
4,034,937.36 |
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Repurchased Loan Proceeds Related to Interest |
2,586.79 |
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Total Interest Collections |
4,037,524.15 |
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Principal: |
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Principal Collections |
26,808,127.31 |
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Repurchased Loan Proceeds Related to Principal |
458,349.64 |
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Total Principal Collections |
27,266,476.95 |
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Recoveries of Defaulted Receivables |
0.00 |
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Investment Earnings on Yield Supplement Account |
96,968.09 |
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Release from the Yield Supplement Account |
2,969,197.44 |
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Servicer Advances |
0.00 |
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Total Collections |
34,370,166.63 |
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II. COLLATERAL POOL BALANCE DATA |
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Number |
Amount |
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Pool Balance - Beginning of Period |
64,045 |
962,575,953.38 |
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Total Principal Collections |
27,266,476.95 |
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Principal Amount of Gross Losses |
0.00 |
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Pool Balance - End of Period |
63,480 |
935,309,476.43 |
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III. DISTRIBUTIONS |
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Total Collections |
34,370,166.63 |
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Reserve Account Draw |
0.00 |
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Total Available for Distribution |
34,370,166.63 |
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1. Reimbursement of Advance |
0.00 |
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2. Servicing Fee: |
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Servicing Fee Due |
802,146.63 |
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Servicing Fee Paid |
802,146.63 |
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Servicing Fee Shortfall |
0.00 |
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3. Interest: |
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Class A-1 Notes Monthly IHT=19> |
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Weighted Average Coupon |
5.01% |
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Weighted Average Remaining Maturity |
47.94 |
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Principal Recoveries of Defaulted Receivables |
0.00 |
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Principal on Defaulted Receivables |
0.00 |
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Pool Balance at Beginning of Collection Period |
962,575,953.38 |
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Net Loss Ratio |
0.00% |
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Net Loss Ratio for Second Preceding Collection Period |
0.00% |
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Net Loss Ratio for Preceding Collection Period |
0.00% |
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Net Loss Ratio for Current Collection Period |
0.00% |
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Average Net Loss Ratio |
0.00% |
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Delinquent Receivables: |
Amount |
Number |
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31-60 Days Delinquent |
1,074,538.85 |
79 |
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61-90 Days Delinquent |
- |
- |
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91-120 Days Delinquent |
- |
- |
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Total Delinquent Receivables: |
1,074,538.85 |
79 |
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60+ Days Delinquencies as Percentage of Receivables |
0.00% |
0.00% |
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Delinquency Ratio for Second Preceding Collection Period |
0.00% |
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Delinquency Ratio for Preceding Collection Period |
0.00% |
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Delinquency Ratio for Current Collection Period |
0.00% |
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Average Delinquency Ratio |
0.00% |
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