EXHIBIT 99.1

NISSAN MASTER OWNER

TRUST RECEIVABLES — 2019-A SERIES

Description of Collateral

On the Distribution Date, the Series 2019-A balances were:


Notes				$	1,000,000,000.00
					1,000,000,000.00

Principal Amount of Debt					1,000,000,000.00
Required Overcollateralization				$	132,950,000.00
Required Overcollateralization Increase - MPR < 35%				$	0.00
Required Overcollateralization Increase - MPR < 30%				$	0.00
Required Overcollateralization Increase - MPR < 25%				$	0.00
Incremental Overcollateralization Amount				$	133,598,728.46
Series Nominal Liquidation Amount					766,548,728.46

	Deemed Amount for Series 2019-A			NMOTR Total Pool
Required Participation Amount^1.	$	766,548,728.46		$	766,548,728.46
Excess Receivables^1.	($	244,407,516.12	)	($	113,872,213.04	)
Excess Funding Account^1.	$	628,000,000.00			785,000,000.00
Total Collateral^1.		1,150,141,212.34		$	1,437,676,515.42

Collateral as Percent of Notes		115.01	%

NMOTR Trust Pool Activity

During the past Collection Period, the following activity occurred:


	NMOTR
	Total Pool
Beginning Gross Principal Pool Balance	$	1,372,645,978.48
Total Principal Collections	($	1,125,094,096.85	)
Investment in New Receivables	$	945,624,447.73
Receivables Added for Additional Accounts	$	0.00
Repurchases	($	14,852,258.11	)
Principal Default Amounts	$	0.00
Principal Reallocation	$	0.00
New Series Issued During Collection Period	$	0.00
Less Net CMA Offset	($	525,407,509.06	)
Less Servicing Adjustment	($	240,046.77	)

Ending Balance	$	652,676,515.42

SAP for Next Period		80.00	%

Average Receivable Balance	$	738,961,075.55
Monthly Payment Rate		152.25	%

Interest Collections

During the past collection period, the following activity occurred:


	NMOTR Total Pool
Total Interest Collections	$	2,969,071.27
Principal Reallocations		0.00
Recoveries on Receivables Written Off		0.00

Total Available	$	2,969,071.27


Series Allocation Percentage at Month-End	80.00	%
Floating Allocation Percentage at Month-End	88.79	%

Expected Final

Payment Date

Accumulation
Period

Early
Redemption
Period

2/15/2022

8/1/2021


Seller’s Interest (calculated in accordance with Regulation RR)
	%			Amount ($)
Required Seller’s Interest		5.00	%	$25,000,000.00
Seller’s Interest*		0.00	%	$0.00
Seller’s Interest plus Excess Funding Account				$785,000,000.00
Seller’s Interest plus Excess Funding Account is greater than Required Seller’s Interest?		Yes

*	Calculated using the Pool Balance as of the last day of the related Collection Period and funds in any Accumulation Account on the Distribution Date.

1.	Under the applicable transaction documents, this amount is calculated and/or applicable with respect to the trust in the aggregate. We are including the deemed amount with respect to Series 2019-A on this report given past practice.

NISSAN MASTER OWNER TRUST RECEIVABLES 10-D