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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: May 1, 2000 - May 31, 2000
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SETTLEMENT DATE: 15-Jun-00
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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 ................................. $ 62,605,203.87
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(b.) Contract Principal Balance of all Collections allocable to Contracts ........... $ 4,048,403.90
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(c.) Contract Principal Balance of Charged-Off Contracts ............................ $ 197,985.14
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of
this Settlement Date ........................................................... $ 58,358,814.83
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.4752433 $ 46,990,215.59
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ -
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(e2.) Ending Class A-2 Principal Balance 0.9751585 $ 37,544,507.59
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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) 0.9800524 $ 11,368,599.24
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .................. $ 63,557,880.22
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(b.) CBR of Contracts 1 - 30 days delinquent ........................................ $ 5,723,257.78
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(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date ....... 9.00%
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(d.) CBR of Contracts 31 - 60 days delinquent ....................................... $ 2,843,475.08
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date ...... 4.47%
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(f.) CBR of Contracts 61 - 90 days delinquent ....................................... $ 1,441,180.43
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(g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date ...... 2.27%
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(h.) CBR of Contracts 91 - 120 days delinquent ...................................... $ 1,289,225.91
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(i.) % of Delinquent Contracts 91- 120 days as of the related Calculation Date ..... 2.03%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ... 8.77%
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(j2.) Month 2: Apr-00 ..................................................... 8.75%
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(j3.) Month 3: Mar-00 ..................................................... 9.22%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more .......... 8.91%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) ......... 1.99%
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(k2.) Month 2: Apr-00 ..................................................... 2.01%
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(k3.) Month 3: Mar-00 ..................................................... 4.49%
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(k4.) Three month rolling average % for Defaulted Contracts .......................... 2.83%
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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 ..................................................... NO
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(l2.) The Loss Trigger Level % from 13th Collection Period to and including
24th Collection Period ? Y or N ................................................ n/a
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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 ......................... 128.22%
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(m2.) Month 2: Apr-00 ..................................................... 130.89%
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(m3.) Month 3: Mar-00 ..................................................... 115.87%
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(m4.) Three month rolling average Residual Realization Ratio ......................... 125.00%
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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 ....................................... $ 5,144,141.02
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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 .............................................................. $ 5,144,141.02
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance ...... $ 153,031.34
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any ........... $ 52,171.00
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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. ........................................................ $ 282,367.22
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Interest on Class A-1 Notes .................................. $ 15,015.94
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Interest on Class A-2 Notes .................................. $ 213,038.46
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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 ............................... $ 70,276.61
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment ............................. $ 3,980,340.46
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Principal Payment to Class A-1 Noteholders ................... $ 3,023,921.05
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Principal Payment to Class A-2 Noteholders ................... $ 956,419.41
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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.. $ 231,391.76
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(f.) To the Reserve Account:
The amount needed to increase the amount in the Reserve Account to
the Required Reserve ........................................................... $ 374,562.62
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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") ........... $ -
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period $ 1,483,856.93
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(b.) Servicer Advances reimbursed during the Collection Period ...................... $ 64,380.40
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ................................................................ $ 153,031.34
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(d.) Servicer Advances made during the related Collection Period ....................
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(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period ......................................................................... $ 1,266,445.19
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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 ............ $ 2,344,300.42
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(b.) Amount of interest earnings reinvested for the related Monthly Period .......... $ 11,733.98
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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 ................. $ 374,562.62
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(e.) Balance remaining before calculating Required Reserve Amount ................... $ 2,730,597.02
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(f.) Required Reserve Amount needed as of the related Collection Period ............. $ 2,917,940.74
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(g1.) If (d) above is greater than (e), then excess amount to be transferred to
the Series Obligors ............................................................ $ -
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(g2.) If (e) is greater than (d), then amount of shortfall ........................... $ 187,343.72
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(h.) Amounts on deposit at the end of the related Collection Period (e minus g1) .... $ 2,730,597.02
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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 ................................... NO
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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 ........................................... $ 773,689.54
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(b.) Add: Amount of Advance Payments collected during the related Collection Period $ 538,591.02
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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 ... $ 451,019.67
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(e.) Ending aggregate Advance Payments .............................................. $ 861,260.89
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ John Paris
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TITLE: SR VP
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DATE: 06/12/00
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