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Previous: ADVANTA BUSINESS SERVICES CORP, 8-K, 2001-01-16 |
Next: CONSOLIDATED EDISON INC, U-1/A, 2001-01-16 |
<PAGE> 1
Exhibit 21.1
ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: December 1, 2000 - December 31, 2000
-------------------------------------
SETTLEMENT DATE: 16-Jan-01
--------------------
<TABLE>
<CAPTION>
<S> <C> <C>
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
(a.) Beginning Aggregate Contract Principal Balance ................. $ 36,449,627.43
----------------
(b.) Contract Principal Balance of all Collections allocable
to Contracts .................................................. $ 2,780,031.10
----------------
(c.) Contract Principal Balance of Charged-Off Contracts ............ $ 72,771.66
----------------
(e.) Ending Aggregate Contract Principal Balance
of all Contracts as of this Settlement Date ................... $ 33,596,824.67
----------------
BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.2735948 .......... $ 27,051,989.12
--------- ----------------
(e1.) Ending Class A-1 Principal Balance 0.0000000 .......... $ -
--------- ----------------------
(e2.) Ending Class A-2 Principal Balance 0.4572950 .......... $ 17,606,281.12
--------- ----------------------
(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) 0.5642104 .......... $ 6,544,835.54
--------- ----------------
II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .. $ 36,403,008.62
----------------
(b.) CBR of Contracts 1 - 30 days delinquent ........................ $ 4,360,170.37
----------------
(c.) % of Delinquent Contracts 1 - 30 days as of the related
Calculation Date .......................................... 11.98%
----------------
(d.) CBR of Contracts 31 - 60 days delinquent ....................... $ 1,620,723.44
----------------
(e.) % of Delinquent Contracts 3 1- 60 days as of the related
Calculation Date ........................................... 4.45%
----------------
(f.) CBR of Contracts 61 - 90 days delinquent ....................... $ 610,729.91
----------------
(g.) % of Delinquent Contracts 61 - 90 days as of the
related Calculation Date ........................................ 1.68%
----------------
(h.) CBR of Contracts > 91 days delinquent .......................... $ 518,282.84
----------------
(i.) % of Delinquent Contracts > 91 days as of the
related Calculation Date ................................... 1.42%
----------------
(j1.) % of Delinquent Contracts 31 days or more as of
the related Calculation Date ................................... 7.55%
----------------
(j2.) Month 2: Nov-00 ............................... 6.60%
-------- ----------------
(j3.) Month 3: Oct-00 ............................... 6.08%
--------- ----------------
(j4.) Three month rolling average % of Delinquent Contracts
31 days or more ................................................ 6.74%
----------------
(k1.) Net Charge-Off % for the related Collection Period
(annualized 30/360) ............................................. 0.00%
----------------
(k2.) Month 2: Nov-00 ............................... 0.36%
--------------- ----------------
(k3.) Month 3: Oct-00 ............................... 2.77%
--------------- ----------------
(k4.) Three month rolling average % for Defaulted Contracts .......... 1.04%
----------------
*Note: Current Month Net Charge-off % is negative 1.5434%
reported as zero (December, 2000)
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 ......... 124.13%
----------------
(m2.) Month 2: Nov-00 ............................... 125.21%
-------- ----------------
(m3.) Month 3: Oct-00 ............................... 121.12%
-------- ----------------
Page 1 of 3
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
<S> <C> <C>
(m4.) Three month rolling average Residual Realization Ratio .......... 123.49%
--------------
(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 ........................ $ 3,519,200.97
--------------
(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 ........................ $ 3,519,200.97
--------------
(a.) To the Servicer, Unrecoverable Servicer Advances/
Initial Unpaid Balance ..................................... $ -
--------------
(b.) To the Servicer, the Servicing Fee and
miscellaneous amounts, if any ............................... $ 30,374.69
--------------
To Series 1999-1 Noteholders:
(c.) To Class A, the total Class A Note Interest and Class A
Overdue Interest for the related period ..................... $ 164,444.65
--------------
Interest on Class A-1 Notes ................... $ -
-----------------
Interest on Class A-2 Notes ................... $ 110,131.83
-----------------
Interest on Class A-3 Notes ................... $ 54,312.82
-----------------
(d.) Interest on Class B Notes for the related period ................ $ 43,017.66
--------------
(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment .............. $ 2,297,062.03
--------------
Principal Payment to Class A-1 Noteholders .... $ - -
-----------------
Principal Payment to Class A-2 Noteholders .... $ 2,297,062.03
-----------------
Principal Payment to Class A-3 Noteholders .... $ - -
-----------------
To Class B for applicable Principal Payment to the
extent of the Class B Floor ................................ $ 555,740.73
--------------
(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
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") .................... $ 428,561.21
---------------
IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of
the Collection Period ....................................... $ 859,437.94
---------------
(b.) Servicer Advances reimbursed during the Collection Period ....... $ 36,250.22
---------------
(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ............................................. $ -
---------------
(d.) Servicer Advances made during the related Collection Period ..... $ 56,070.69
---------------
(e.) Aggregate amount of Servicer Advances at the end
of the Collection Period .................................... $ 879,258.41
---------------
(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 .................................. $ 1,822,481.37
---------------
(b.) Amount of interest earnings reinvested for the
related Monthly Period ..................................... $ 10,385.11
---------------
(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 .... $ 1,832,866.48
---------------
(f.) Required Reserve Amount needed as of the related Collection
Period ...................................................... $ 1,679,841.23
---------------
(g1.) If (e) above is greater than (f), then excess amount to
be transferred to the Series Obligors........................ $ 153,025.25
---------------
(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) ......................................... $ 1,679,841.23
---------------
(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>
<CAPTION>
<S> <C> <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 ............................ $ 605,015.20
----------------
(b.) Add: Amount of Advance Payments collected during the
related Collection Period .................................. $ 257,295.63
----------------
(c.) Add: Investment earnings for the related Collection Period .... $ -
----------------
(d.) Less: Amount of Advance Payments withdrawn for deposit
into Facility Account .......................................... $ 366,400.50
----------------
(e.) Ending aggregate Advance Payments .............................. $ 495,910.33
----------------
</TABLE>
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ John Paris
___________________
TITLE: SR VP
___________________
DATE: 01/10/01
__________________
Page 3 of 3
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