|   | (Mark One) |
|--------|------------|

|  x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|--------------------------------------------------------------------------------------|

|   o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------|------------------------------------------------------------------------------------------|

| DELAWARE                                                                             |   | Nissan Master Owner Trust Receivables 51-6538952Nissan Wholesale Receivables Corporation 65-1184628 |
|--------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------|
| (State or other jurisdiction of incorporation or organization of the Issuing Entity) |   | (I.R.S. EmployerIdentification No.)                                                                 |

----

| (A)   | Item 1.                      Business. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | Item 1A.                    Risk Factors. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | Item 2.                      Properties. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D)   | Item 3.                      Legal Proceedings. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A)   | Item 5.                      Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | Item 6.                      Selected Financial Data. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | Item 7.                      Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D)   | Item 7A.                    Quantitative and Qualitative Disclosures About Market Risk. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (E)   | Item 8.                      Financial Statements and Supplementary Data. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (F)   | Item 9.                      Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (G)   | Item 9A.                    Controls and Procedures. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A)   | Item 10.                       Directors, Executive Officers and Corporate Governance. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | Item 11.                       Executive Compensation. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | Item 12.                       Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D)   | Item 13.                       Certain Relationships and Related Transactions, and Director Independence. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (E)   | Item 14.                        Principal Accountant Fees and Services. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 15. | Exhibits and Financial Statement Schedules. |
|----------|---------------------------------------------|

|   | (a)(1) | Not applicable. |
|--------|--------|-----------------|

|   | (a)(2) | Not applicable. |
|--------|--------|-----------------|

|   | (a)(3) | The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index. |
|--------|--------|-----------------------------------------------------------------------------------------------|

|   | (b) | The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index. |
|--------|-----|-----------------------------------------------------------------------------------------------|

|   | (c) | Not applicable. |
|--------|-----|-----------------|

----

|   | NISSAN MASTER OWNER TRUST RECEIVABLES |                                                             |
|--------|---------------------------------------|------------------------------------------------------------------|
|   |                                  |                                                             |   |
|   |  By:                             | Nissan Motor Acceptance Corporation                         |   |
|   |                                  |  as servicer                                                |   |
|   |                                  |                                                             |   |
|   |                                  |                                                             |   |
|   |                                  |  By:                                                        |  /s/ Mark Kaczynski                        |   |
|   |                                  |   Mark Kaczynski                                       |   |
|   |                                  |   President and Chief Executive Officer                |   |
|   |                                  |   (senior officer in charge of the servicing function) |   |

----

| Exhibit No. |                                                                                                                                                                                                                                                                                                                               |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1         | Restated Certificate of Incorporation of NWRC II (incorporated by reference to Exhibit 3.1 of Form 10-K, dated June 27, 2013, and filed with the SEC on June 27, 2013, File No. 333-105666-01)                                                                                                                                     |
| 3.2         | Bylaws of NWRC II (incorporated by reference to Exhibit 3.2 of Form 10-K, dated June 27, 2013, and filed with the SEC on June 27, 2013, File No. 333-105666-01)                                                                                                                                                                    |
| 4.1         | Series 2012-A Indenture Supplement, dated as of May 23, 2012, by and between the Issuing Entity, and the Indenture Trustee (incorporated by reference to Exhibit 4.1 of Form 8-K, dated May 24, 2012, File No. 333-105666-01)                                                                                                      |
| 4.3         | Series 2013-A Indenture Supplement, dated as of February 28, 2013, by and between the Issuing Entity, and the Indenture Trustee (incorporated by reference to Exhibit 4.1 of Form 8-K, dated March 1, 2013, File No. 333-105666-01)                                                                                                |
| 4.4         | Series 2015-A Indenture Supplement, dated as of January 30, 2015, by and between the Issuing Entity, and the Indenture Trustee (incorporated by reference to Exhibit 4.1 of Form 8-K, dated January 30, 2015, File No. 333-105666-01)                                                                                              |
| 10.1        | Agreement of Modifications to Transaction Documents, dated as of February 12, 2010, among Nissan Master Owner Trust Receivables, NMAC, as Servicer, NWRC II, as Transferor and the Owner Trustee (incorporated by reference to Registrant’s Form S-3/A, Registration File Number 333-166449, filed on January 24, 2011) |
| 10.2        | Second Agreement of Modification of Transaction Documents, dated as of May 23, 2012, by and between the Issuing Entity, NMAC, as servicer, NWRC II, the Indenture Trustee and the Owner Trustee (incorporated by reference to Exhibit 10.1 of Form 8-K, dated May 24, 2012, File No. 333-105666-01)                                |
| 31.1        | Certification of Senior Officer in Charge of the Servicing Function of the Servicer Pursuant to Rule 15d-14(d)                                                                                                                                                                                                                     |
| 33.1        | Report on Assessment of Compliance With Applicable Servicing Criteria for Asset-Backed Securities of Nissan Motor Acceptance Corporation                                                                                                                                                                                           |
| 33.2        | Management’s Assertion on Compliance With Regulation AB (U.S. Bank National Association)                                                                                                                                                                                                                                     |
| 34.1        | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP)                                                                                                                                                                                                                                                    |
| 34.2        | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP)                                                                                                                                                                                                                                                    |
| 35.1        | Servicer Compliance Statement of Nissan Motor Acceptance Corporation                                                                                                                                                                                                                                                               |
| 99.1        | Annual Servicer’s Certificate Provided by Nissan Motor Acceptance Corporation to Holders of Notes                                                                                                                                                                                                                            |

----