Case Study: Nissan achieves paper-equivalent securitization of automotive contracts with eOriginal

Nissan Securitizes Automotive Contracts with eOriginal

Nissan Motor Acceptance Corporation (NMAC), the automotive finance arm of Nissan North America serving 1,250 U.S. dealers, had reached a 55% adoption rate for electronic contracts and wanted to securitize those contracts without risking a valuation penalty. NMAC sought a private-label eSignature and eAsset management partner with the technical architecture, intellectual property and industry expertise to ensure electronic contracts would be treated the same as paper in the secondary market.

eOriginal worked with Standard & Poor’s outside counsel and securities lawyers to define the legal framework for electronic securitization and provided SmartSign® APIs to enable fully electronic, legally compliant straight‑through processing. As a result, Nissan’s eContracts became eligible for optimum securitization ratings, contract management and documentation were integrated end-to-end, and the escrow process was streamlined—eliminating time-consuming lawyer travel to branches.

Nissan