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Previous: ADVANTA BUSINESS SERVICES CORP, 8-K, 2000-12-15 |
Next: MPOWER COMMUNICATIONS CORP, 8-A12G, 2000-12-15 |
<PAGE> 1
ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: November 1, 2000 - November 30, 2000
SETTLEMENT DATE: 15-Dec-00
<TABLE>
<CAPTION>
A. SERIES INFORMATION
ADVANTA LEASING RECEIVABLES CORP. VIII AND
ADVANTA LEASING RECEIVABLES CORP. IX
EQUIPMENT RECEIVABLES ASSET-BACKED NOTES,
SERIES 1999-1
I. SERIES INFORMATION INCLUDING PLEDGED PROPERTY CONVEYED
<S> <C> <C> <C>
(a.) Beginning Aggregate Contract Principal Balance $39,518,949.00
--------------
(b.) Contract Principal Balance of all Collections allocable to
Contracts $ 2,959,357.92
--------------
(c.) Contract Principal Balance of Charged-Off Contracts $ 109,963.65
--------------
(e.) Ending Aggregate Contract Principal Balance of all Contracts
as of this Settlement Date $36,449,627.43
--------------
BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.2968265 $29,349,051.15
--------- --------------
(e1.) Ending Class A-1 Principal Balance 0.0000000 $ -
--------- --------------
(e2.) Ending Class A-2 Principal Balance 0.5169575 $19,903,343.15
--------- --------------
(e3.) Ending Class A-3 Principal Balance 1.0000000 $ 9,445,708.00
--------- --------------
(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.6121191 $ 7,100,576.26
--------- --------------
II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts $39,378,933.29
--------------
(b.) CBR of Contracts 1 - 30 days delinquent $ 4,541,463.35
--------------
(c.) % of Delinquent Contracts 1 - 30 days as of the related
Calculation Date 11.53%
--------------
(d.) CBR of Contracts 31 - 60 days delinquent $ 1,527,741.16
--------------
(e.) % of Delinquent Contracts 31 - 60 days as of the related
Calculation Date 3.88%
--------------
(f.) CBR of Contracts 61 - 90 days delinquent $ 738,545.01
--------------
(g.) % of Delinquent Contracts 61 - 90 days as of the related
Calculation Date 1.88%
--------------
(h.) CBR of Contracts > 91 days delinquent $ 334,035.48
--------------
(i.) % of Delinquent Contracts > 91 days as of the related
Calculation Date 0.85%
--------------
(j1.) % of Delinquent Contracts 31 days or more as of the related
Calculation Date 6.60%
--------------
(j2.) Month 2: Oct-00 6.08%
----------- --------------
(j3.) Month 3: Sep-00 7.66%
----------- --------------
(j4.) Three month rolling average % of Delinquent Contracts 31 days
or more 6.78%
--------------
(k1.) Net Charge-Off % for the related Collection Period (annualized
30/360) 0.36%
--------------
(k2.) Month 2: Oct-00 2.77%
----------- --------------
(k3.) Month 3: Sep-00 6.16%
----------- --------------
(k4.) Three month rolling average % for Defaulted Contracts 3.10%
--------------
Does the Cumulative Loss % exceed
(l1.) The Loss Trigger Level % from Beginning Period to and
including 12th Collection Period? Y or N n/a
--------------
(l2.) The Loss Trigger Level % from 13th Collection Period to and
including 24th Collection Period? Y or N. NO
--------------
(l3.) The Loss Trigger Level % from 25th Collection Period and
thereafter? Y or N n/a
--------------
(m1.) Residual Realization for the related Collection Period 125.21%
--------------
(m2.) Month 2: Oct-00 121.12%
----------- --------------
(m3.) Month 3: Sep-00 130.54%
----------- --------------
</TABLE>
Page 1 of 3
<PAGE> 2
<TABLE>
<S> <C> <C>
(m4.) Three month rolling average Residual Realization Ratio 125.62%
--------------
(n.) Does the three month rolling Residual Realization ratio exceed
100% Y or N YES
--------------
III. FLOW OF FUNDS
(1.) The amount on deposit in Available Funds $ 3,692,519.12
--------------
(2.) The prepayment amounts deposited, if any, by the Issuers' to
the Collection Account for removal of defaulted contracts $ -
--------------
(3.) Total deposits in the Collection Account to be used as
available funds on this Payment Date $ 3,692,519.12
--------------
(a.) To the Servicer, Unrecoverable Servicer Advances / Initial
Unpaid Balance $ -
--------------
(b.) To the Servicer, the Servicing Fee and miscellaneous amounts,
if any $ 32,932.46
--------------
To Series 1999-1 Noteholders:
-----------------------------
(c.) To Class A, the total Class A Note Interest and Class A
Overdue Interest for the related period $ 178,119.74
--------------
Interest on Class A-1 Notes $ -
--------------
Interest on Class A-2 Notes $ 123,806.92
--------------
Interest on Class A-3 Notes $ 54,312.82
--------------
(d.) Interest on Class B Notes for the related period $ 46,640.05
--------------
(e.) To Series 1999-1 Noteholders:
-----------------------------
To Class A, the total applicable Principal Payment $ 2,471,401.87
--------------
Principal Payment to Class A-1 Noteholders $ -
--------------
Principal Payment to Class A-2 Noteholders $ 2,471,401.87
--------------
Principal Payment to Class A-3 Noteholders $ -
--------------
To Class B for applicable Principal Payment to the extent of
the Class B Floor $ 597,919.71
--------------
(f.) To the Reserve Account:
-----------------------
The amount needed to increase the amount in the Reserve
Account to the Required Reserve $ -
--------------
(g.) Upon the occurrence of a Residual Event the lesser of:
---------------------------------------
(A) the remaining Available Funds and $ -
--------------
(B) the aggregate amount of Residual Receipts included in
Available Funds $ -
--------------
To be deposited to the Residual Account $ -
--------------
(h.) To the Issuers, as owner of the Pledged Assets, any remaining
Available Funds on deposit in the Collection Account (the
"Issuers' Interest") $ 365,505.29
--------------
IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the
Collection Period $ 776,685.35
--------------
(b.) Servicer Advances reimbursed during the Collection Period $ 26,657.73
--------------
(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date $ -
--------------
(d.) Servicer Advances made during the related Collection Period $ 109,410.32
--------------
(e.) Aggregate amount of Servicer Advances at the end of the
Collection Period $ 859,437.94
--------------
(f.) Amount of delinquent Scheduled Payments for which Servicer
Advances were not made $ -
--------------
V. RESERVE ACCOUNT
(a.) Amount on deposit at the beginning of the related Collection
Period $ 1,975,947.45
--------------
(b.) Amount of interest earnings reinvested for the related Monthly
Period $ 10,935.39
--------------
(c.) Amounts used to cover shortfalls, if any, for the related
Collection Period $ -
--------------
(d.) Amounts transferred from the Collection Account, if applicable $ -
--------------
(e.) Balance remaining before calculating Required Reserve Amount $ 1,986,882.84
--------------
(f.) Required Reserve Amount needed as of the related Collection
Period $ 1,822,481.37
--------------
(g1.) If (e) above is greater than (f), then excess amount to be
transferred to the Series Obligors $ 164,401.47
--------------
(g2.) If (e) is greater than (d), then amount of shortfall
--------------
(h.) Amounts on deposit at the end of the related Collection Period
(e minus g1) $ 1,822,481.37
--------------
(i.) Is the Required Reserve Amount equal to the balance in the
Reserve Account as of the related Collection period ? Y or N YES
--------------
</TABLE>
Page 2 of 3
<PAGE> 3
<TABLE>
<S> <C>
VI. RESIDUAL ACCOUNT
(a.) Amount on deposit at the beginning of the related Collection Period $ -
--------------
(b.) Amounts transferred from the Collection Account $ -
--------------
(c.) Amounts used to cover shortfalls for the related Collection Period $ -
--------------
(d.) Amount on deposit at the end of the related Collection Period $ -
--------------
VII. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments $ 752,330.44
--------------
(b.) Add: Amount of Advance Payments collected during the related Collection Period $ 353,428.75
--------------
(c.) Add: Investment earnings for the related Collection Period $ -
--------------
(d.) Less: Amount of Advance Payments withdrawn for deposit into Facility Account $ 500,743.99
--------------
(e.) Ending aggregate Advance Payments $ 605,015.20
--------------
</TABLE>
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ John Paris
-------------------------
TITLE: SR VP
-------------------------
DATE: 12/12/00
--------------------------
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