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EXHIBIT 21.1
ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: September 1, 2000 - September 30, 2000
SETTLEMENT DATE: 16-Oct-00
A. SERIES INFORMATION
ADVANTA LEASING RECEIVABLES CORP. VIII AND
ADVANTA LEASING RECEIVABLES CORP. IX
EQUIPMENT RECEIVABLES ASSET-BACKED NOTES,
SERIES 1999-1
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I. SERIES INFORMATION INCLUDING PLEDGED PROPERTY CONVEYED
(a.) Beginning Aggregate Contract Principal Balance ............................................... $ 46,326,067.61
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(b.) Contract Principal Balance of all Collections allocable to Contracts ......................... $ 3,226,577.51
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(c.) Contract Principal Balance of Charged-Off Contracts .......................................... $ 323,584.49
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as
of this Settlement Date ...................................................................... $ 42,775,905.61
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.3483443 $ 34,442,937.64
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ -
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(e2.) Ending Class A-2 Principal Balance 0.6492631 $ 24,997,229.64
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(e3.) Ending Class A-3 Principal Balance 1.0000000 $ 9,445,708.00
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.7183599 $ 8,332,967.96
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ...................................... $ 46,358,071.67
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(b.) CBR of Contracts 1 - 30 days delinquent ............................................................ $ 5,170,761.27
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(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date ............................ 11.15%
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(d.) CBR of Contracts 31 - 60 days delinquent ........................................................... $ 2,317,538.61
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date ........................... 5.00%
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(f.) CBR of Contracts 61 - 90 days delinquent ........................................................... $ 738,268.73
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(g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date ........................... 1.59%
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(h.) CBR of Contracts > 91 days delinquent .............................................................. $ 496,744.30
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ............................. 1.07%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ....................... 7.66%
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(j2.) Month 2: Aug-00 .................................................................................. 6.70%
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(j3.) Month 3: Jul-00 .................................................................................. 7.61%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more .............................. 7.32%
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[*The Net Charge-Off % includes an adjustment of $134,000 for prior
periods over allocation of Recoveries.]
(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) ............................. 6.16%
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(k2.) Month 2: Aug-00 ................................................................................... 2.38%
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(k3.) Month 3: Jul-00 ................................................................................... 0.89%
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(k4.) Three month rolling average % for Defaulted Contracts .............................................. 3.14%
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Does the Cumulative Loss % exceed
(l1.) The Loss Trigger Level % from Beginning Period to and including 12th
Collection Period ? Y or N ......................................................................... n/a
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(l2.) The Loss Trigger Level % from 13th Collection Period to and including
24th Collection Period ? Y or N .................................................................... NO
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(l3.) The Loss Trigger Level % from 25th Collection Period
and thereafter ? Y or N ............................................................................ n/a
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(m1.) Residual Realization for the related Collection Period ............................................. 130.54%
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(m2.) Month 2: Aug-00 ................................................................................... 125.54%
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(m3.) Month 3: Jul-00 ................................................................................... 124.64%
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(m4.) Three month rolling average Residual Realization Ratio ....................................... 126.91%
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(n.) Does the three month rolling Residual Realization ratio exceed 100% . Y or N ................. YES
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III.FLOW OF FUNDS
(1.) The amount on deposit in Available Funds ..................................................... $ 3,926,728.47
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(2.) The prepayment amounts deposited, if any, by the Issuers' to the
Collection Account for removal of defaulted contracts ........................................ $ -
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(3.) Total deposits in the Collection Account to be used as available funds on this Payment Date .. $ 3,926,728.47
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance .................... $ -
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any ......................... $ 38,605.06
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To Series 1999-1 Noteholders:
(c.) To Class A, the total Class A Note Interest and Class A Overdue
Interest for the related period ...................................... $ 208,448.26
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Interest on Class A-1 Notes ................................ $ -
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Interest on Class A-2 Notes ................................ $ 154,135.44
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Interest on Class A-3 Notes ................................ $ 54,312.82
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(d.) Interest on Class B Notes for the related period ..................... $ 54,673.78
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(e.) To Series 1999-1Noteholders:
To Class A, the total applicable Principal Payment ................... $ 2,858,572.10
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Principal Payment to Class A-1 Noteholders ................. $ -
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Principal Payment to Class A-2 Noteholders ................. $ 2,858,572.10
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Principal Payment to Class A-3 Noteholders ................. $ -
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To Class B for applicable Principal Payment to the extent
of the Class B Floor. ................................................ $ 691,589.91
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(f.) To the Reserve Account :
The amount needed to increase the amount in the Reserve Account to the Required Reserve ..... $ -
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(g.) Upon the occurrence of a Residual Event the lesser of:
(A) the remaining Available Funds and ................................ $ - ..........................
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(B) the aggregate amount of Residual Receipts included in
Available Funds .................................................. $ - ..........................
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To be deposited to the Residual Account ............................................................ $ -
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(h.) To the Issuers, as owner of the Pledged Assets, any remaining
Available Funds on deposit in the Collection Account
(the "Issuers' Interest") .......................................................................... $ 74,839.36
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period ................... $ 906,202.86
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(b.) Servicer Advances reimbursed during the Collection Period ......................................... $ 27,042.90
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ................................................................................... $ -
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(d.) Servicer Advances made during the related Collection Period ....................................... $ 85,575.89
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(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period ...... ................................................................................... $ 964,735.85
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(f.) Amount of delinquent Scheduled Payments for which Servicer Advances
were not made ..................................................................................... $ -
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V. RESERVE ACCOUNT
(a.) Amount on deposit at the beginning of the related Collection Period ............................... $ 2,316,303.38
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(b.) Amount of interest earnings reinvested for the related Monthly Period ............................. $ 12,810.41
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(c.) Amounts used to cover shortfalls, if any, for the related Collection Period ...................... $ -
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(d.) Amounts transferred from the Collection Account, if applicable .................................... $ -
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(e.) Balance remaining before calculating Required Reserve Amount. ..................................... $ 2,329,113.79
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(f.) Required Reserve Amount needed as of the related Collection Period ................................ $ 2,138,795.28
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(g1.) If (e) above is greater than (f), then excess amount to be transferred to the
Series Obligors ................................................................................... $ 190,318.51
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(g2.) If (e) is greater than (d), then amount of shortfall ..............................................
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(h.) Amounts on deposit at the end of the related Collection Period (e minus g1) ....................... $ 2,138,795.28
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(i.) Is the Required Reserve Amount equal to the balance in the Reserve Account
as of the related Collection period ? Y or N ...................................................... YES
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VI. RESIDUAL ACCOUNT
(a.) Amount on deposit at the beginning of the related Collection Period. .............................. $ -
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(b.) Amounts transferred from the Collection Account ................................................... $ -
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(c.) Amounts used to cover shortfalls for the related Collection Period ................................ $ -
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(d.) Amount on deposit at the end of the related Collection Period ..................................... $ -
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VII.ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments .............................................................. $ 750,553.26
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(b.) Add: Amount of Advance Payments collected during the related Collection Period ................... $ 366,436.68
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(c.) Add: Investment earnings for the related Collection Period ...................................... $ -
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(d.) Less: Amount of Advance Payments withdrawn for deposit into Facility Account ...................... $ 485,250.18
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(e.) Ending aggregate Advance Payments ................................................................. $ 631,739.76
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ John Paris
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TITLE: SRVP
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DATE: 10/11/00
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