Fiat leasing privat

Table of Contents SUMMARY .............................................................................................................................................................. S-4 RISK FACTORS ..................................................................................................................................................... S-12 OVERVIEW OF THE TRANSACTION ................................................................................................................ S-17 THE ISSUING ENTITY ......................................................................................................................................... S-18 Formation ............................................................................................................................................................ S-18 Capitalization of the Issuing Entity ..................................................................................................................... S-19 Property of the Issuing Entity .............................................................................................................................. S-19 THE OWNER TRUSTEE, THE INDENTURE TRUSTEE AND THE TITLING TRUSTEE .............................. S-21 USE OF PROCEEDS .............................................................................................................................................. S-22 THE SUBI ............................................................................................................................................................... S-22 General ................................................................................................................................................................ S-22 Underwriting and Transfers of the SUBI Certificate ........................................................................................... S-22 THE LEASES.......................................................................................................................................................... S-24 General ................................................................................................................................................................ S-24 Characteristics of the Leases ............................................................................................................................... S-24 STATIC POOL INFORMATION ........................................................................................................................... S-36 MATURITY, PREPAYMENT AND YIELD CONSIDERATIONS...................................................................... S-36 WEIGHTED AVERAGE LIFE OF THE NOTES .................................................................................................. S-37 PREPAYMENTS, DELINQUENCIES, REPOSSESSIONS AND NET LOSSES................................................. S-42 Prepayment Information ...................................................................................................................................... S-42 Delinquency, Repossession and Credit Loss Information ................................................................................... S-42 Residual Value Loss Experience ......................................................................................................................... S-48 NOTE FACTORS AND TRADING INFORMATION .......................................................................................... S-50 THE DEPOSITOR .................................................................................................................................................. S-50 NISSAN MOTOR ACCEPTANCE CORPORATION ........................................................................................... S-51 Financing ............................................................................................................................................................. S-51 Securitization....................................................................................................................................................... S-51 Determination of Residual Values....................................................................................................................... S-52 DESCRIPTION OF THE NOTES........................................................................................................................... S-53 General ................................................................................................................................................................ S-53 Interest ................................................................................................................................................................. S-53 Principal............................................................................................................................................................... S-54 Optional Purchase................................................................................................................................................ S-56 DESCRIPTION OF THE CERTIFICATES............................................................................................................ S-56 General ................................................................................................................................................................ S-56 Principal............................................................................................................................................................... S-56 SECURITY FOR THE NOTES .............................................................................................................................. S-56 General ................................................................................................................................................................ S-56 The Accounts....................................................................................................................................................... S-57 DISTRIBUTIONS ON THE NOTES...................................................................................................................... S-61 Determination of Available Funds....................................................................................................................... S-61 Deposits to the Distribution Accounts; Priority of Payments .............................................................................. S-61 Indenture Defaults ............................................................................................................................................... S-63 Payment Date Certificate..................................................................................................................................... S-63 ADDITIONAL INFORMATION REGARDING THE SECURITIES ................................................................... S-65 Statements to Securityholders.............................................................................................................................. S-65 Optional Purchase................................................................................................................................................ S-65 Advances ............................................................................................................................................................. S-66 Compensation for Servicer and Administrative Agent ........................................................................................ S-67 Fees and Expenses ............................................................................................................................................... S-68 MATERIAL FEDERAL INCOME TAX CONSEQUENCES................................................................................ S-69 ERISA CONSIDERATIONS .................................................................................................................................. S-70 UNDERWRITING .................................................................................................................................................. S-71 MATERIAL LITIGATION..................................................................................................................................... S-73 i