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Previous: ADVANTA EQUIPMENT LEASING RECEIVABLES SERIES 2000-1 LLC, 8-K, 2000-08-01 |
Next: HOME LOAN TRUST 2000 1 MORTGAGE PASS THROUGH CERT SER 2000 A, 8-K, 2000-08-01 |
<PAGE> 1
ASSET-BACKED FINANCING FACILITY
ADVANTA BANK CORP.
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: JUNE 1, 2000 - JUNE 30, 2000
----------------------------
SETTLEMENT DATE: 17-JUL-00
---------
A. SERIES INFORMATION:
ADVANTA EQUIPMENT LEASING RECEIVABLES SERIES 2000-1 LLC
SERIES 2000-1
<TABLE>
<CAPTION>
I. AGGREGATE CONTRACT PRINCIPAL BALANCE:
<S> <C>
(a.) Beginning Aggregate Contract Principal Balance $425,109,353.08
---------------
(b.) Contract Principal Balance of all Collections allocable to Contracts $ 12,160,232.40
---------------
(c.) Contract Principal Balance of Charged-Off Contracts $ 3,095,202.00
---------------
(d.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date $409,853,918.68
---------------
</TABLE>
<TABLE>
<CAPTION>
BALANCES ON THIS PAYMENT DATE: (AFTER PRINCIPAL PAYMENTS MADE FOR THIS RELATED COLLECTION PERIOD)
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
(e.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.8698189 $286,324,364.77
--------- ---------------
(e1.) Ending Class A-1 Principal Balance 0.7636173 $138,432,364.77
--------- ---------------
(e2.) Ending Class A-2 Principal Balance 1.0000000 $ 63,269,000.00
--------- ---------------
(e3.) Ending Class A-3 Principal Balance 1.0000000 $ 84,623,000.00
--------- ---------------
(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.8698189 $ 24,541,939.36
--------- ---------------
(g.) Ending Class C Principal Balance as of this
Settlement Date (Class C Note Factor) 0.8698189 $ 16,361,293.06
--------- ---------------
(h.) Ending Class D Principal Balance as of this
Settlement Date (Class D Note Factor) 0.8698001 $ 8,180,469.84
--------- ---------------
(i.) Ending Class E Principal Balance as of this
Settlement Date (Class E Note Factor) 0.8715595 $ 20,492,106.96
--------- ---------------
(j.) Ending Class F Principal Balance as of this
Settlement Date (Class F Note Factor) 0.8715595 $ 53,282,367.73
--------- ---------------
</TABLE>
<TABLE>
<CAPTION>
II. COMPLIANCE RATIOS:
<S> <C>
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts $473,762,366.05
---------------
(b.) CBR of Contracts 1 - 30 days delinquent $ 46,986,591.98
---------------
(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date 9.92%
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(d.) CBR of Contracts 31 - 60 days delinquent $ 21,175,701.68
---------------
(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date 4.47%
----------------
(f.) CBR of Contracts 61 - 90 days delinquent $ 10,532,312.20
---------------
(g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date 2.22%
---------------
(h.) CBR of Contracts > 91 days delinquent $ 6,962,746.41
---------------
(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date 1.47%
---------------
(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date 8.16%
----------------
(j2.) Month 2: May-00 8.33%
-------- ----------------
(j3.) Month 3: Apr-00 8.79%
-------- ----------------
(j4.) Three month rolling average % of Delinquent Contracts 31 days or more 8.43%
----------------
(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) 8.20%
----------------
(k2.) Month 2: May-00 3.77%
-------- ----------------
(k3.) Month 3: Apr-00 2.57%
-------- ----------------
(k4.) Three month rolling average % for Defaulted Contracts 4.85%
----------------
</TABLE>
Page 1 of 4
<PAGE> 2
<TABLE>
<S> <C>
(l1.) Cumulative Net Loss Percentage 1.1411%
--------
(l2.) Does the Cumulative Net Loss % exceed
(l3.) The Loss Trigger Level % from Beginning Period to and including 12th Collection Period? Y or N NO
--------
(l4.) The Loss Trigger Level % from 13th Collection Period to and including 24th Collection Period? Y or N N/A
--------
(l5.) The Loss Trigger Level % from 25th Collection Period and thereafter? Y or N N/A
--------
(m5.) Is there currently a Trigger Event which has not been cured for this payment date? Y or N NO
--------
(m5.) Is there currently an Event of Default for this payment date? Y or N NO
--------
III. FLOW OF FUNDS:
(1.) The amount on deposit in Available Funds $16,057,628.50
--------------
(2.) Amounts deposited, if any, by the Servicer to the Collection Account for contracts repurchased $ 10,255.44
---------------
(3.) Total deposits in the Collection Account to be used as available funds on this Payment Date (1+2) $16,067,883.94
---------------
(4.) Funds to the servicer, any Excluded Amounts-Residual Receipts $ 101,198.68
---------------
(a.) To the Trustee, trustee fees and expenses subject to an annual limit -
---------------
(b.) To the Servicer, any unrecoverable servicer advances / initial unpaid balance amounts $ 77,256.41
---------------
(c.) To the Servicer, the servicing fee then due and miscellaneous amounts, if any $ 354,257.79
---------------
</TABLE>
<TABLE>
<CAPTION>
TO SERIES 2000-1 NOTEHOLDERS INCLUDING RETAINED INTEREST HOLDERS: INTEREST
--------------------------------------------------------------------------
<S> <C> <C>
(d.) To Class A, the total Class A Note Interest for the related interest accrual period. $ 1,755,525.25
---------------
Interest on Class A-1 Notes $850,816.99
-----------
Interest on Class A-2 Notes $382,513.83
-----------
Interest on Class A-3 Notes $522,194.43
-----------
(e.) Interest on Class B Notes for the related interest accrual period $ 160,464.42
--------------
(f.) Interest on Class C Notes for the related interest accrual period $ 108,745.07
--------------
(g.) Interest on Class D Notes for the related interest accrual period $ 56,706.15
--------------
CLASS E INTEREST:
-----------------
(h1.) If Class E Noteholder is not Originator, then Interest on Class E Notes for the
related interest accrual period or otherwise $0. -
--------------
(h2.) If Class E Noteholder is Originator, then amount in (h1) from above to be paid as
additional principal pro rata among the Class A, Class B, Class C and Class D notes
or otherwise $0 $181,551.90
-----------
</TABLE>
<TABLE>
<CAPTION>
TO SERIES 2000-1 NOTEHOLDERS INCLUDING RETAINED INTEREST HOLDERS: PRINCIPAL
---------------------------------------------------------------------------
<S> <C> <C>
(i1.) Class A percentage 0.69999903
--------------
(i2.) To Class A, amount from reserve account, if any -
--------------
(i3.) To Class A, the Class A overdue principal, if any -
--------------
(i4.) To Class A, the Class A monthly principal payment amount $10,678,789.27
--------------
(i5.) To Class A, the additional principal, if any, allocable from Class E interest amount $ 154,983.55
--------------
(i6.) To Class A, the additional principal, if any, allocable from Class F floor amount -
--------------
(i7.) Total principal payment to Class A (i2-i6) $10,833,773.52
--------------
(i8.) Principal payment to Class A-1 Noteholders $10,833,773.52
--------------
(i9.) Principal payment to Class A-2 Noteholders -
--------------
(i10.) Principal payment to Class A-3 Noteholders -
--------------
(j1.) Class B percentage 0.059999551
--------------
(j2.) To Class B, amount from reserve account, if any -
--------------
(j3.) To Class B, the Class B overdue principal, if any -
--------------
(j4.) To Class B, the Class B monthly principal payment amount $ 915,319.22
--------------
(j5.) To Class B, the additional principal, if any, allocable from Class E interest amount $ 13,284.22
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(j6.) To Class B, the additional principal, if any, allocable from Class F floor amount -
--------------
(j7.) Total principal payment to Class B Noteholders (j2-j6) $ 928,603.50
--------------
(k1.) Class C percentage 0.039999701
--------------
(j2.) To Class C, amount from reserve account, if any -
--------------
(k3.) To Class C, the Class C overdue principal, if any -
--------------
(k4.) To Class C, the Class C monthly principal payment amount $ 610,212.81
--------------
(k5.) To Class C, the additional principal, if any, allocable from Class E interest amount $ 8,856.15
--------------
(k6.) To Class C, the additional principal, if any, allocable from Class F floor amount -
--------------
</TABLE>
Page 2 of 4
<PAGE> 3
<TABLE>
<S> <C> <C>
(k7.) Total principal payment to Class C Noteholders (k2-k6) $ 619,068.96
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(l1.) Class D percentage 0.01999985
-------------
(l2.) To Class D, amount from reserve account, if any -
-------------
(l3.) To Class D, the Class D overdue principal, if any -
-------------
(l4.) To Class D, the Class D monthly principal payment amount $ 305,106.41
-------------
(l5.) To Class D, the additional principal, if any, allocable from Class E interest amount $ 4,427.98
-------------
(l6.) To Class D, the additional principal, if any, allocable from Class F floor amount -
-------------
(l7.) Total principal payment to Class D Noteholders (l2-l6) $ 309,534.39
--------------
(m1.) Class E percentage 0.049998563
-------------
(m2.) To Class E, amount from reserve account, if any $ 582,461.18
-------------
(m3.) To Class E, the Class E overdue principal, if any -
-------------
(m4.) To Class E, the Class E monthly principal payment amount $ 762,749.80
-------------
(m5.) To Class E, the additional principal, if any, allocable from Class F floor amount -
-------------
(m6.) Total principal payment to Class E Noteholders (m2-m5) $ 762,749.80
--------------
TO THE RESERVE ACCOUNT :
------------------------
(4.) The amount, if any, needed to maintain the amount in the reserve account at the
required reserve amount $ -
--------------
CLASS F PAYMENTS:
-----------------
(n1.) Sub-Total of funds disbursed through the Reserve Account $16,067,883.94
--------------
(n2.) Funds available to be paid to Class F $ (0.00)
--------------
(n3.) Class F percentage 0.130003314
--------------
(n4.) Class F floor amount $ 9,405,070.31
--------------
(n5.) Class F principal balance before payment of principal on this payment date $55,265,624.76
--------------
(n6.) If Funds available to be paid to Class F (n2) is greater than $0, then payment
as follows:
(n7.) If principal balance (n5) is greater than Class F floor (n4) then to Class F in
an amount equal to the lesser of (a) Class F monthly principal amount until the
Class F principal balance has been reduced to the Class F floor amount and (b)
funds available $ (0.00)
--------------
(n8.) If Funds available to be paid to Class F (n2) is $0, then no payments to Class
F and enter $0
--------------
TO THE TRUSTEE:
---------------
(7.) To the Trustee, any fees and expenses not previously paid subject to a limit
--------------
TO THE ISSUERS:
---------------
(8.) To the issuers, as owner of the pledged assets, any remaining available funds
on deposit in the collection account after all payments are made above $ -
--------------
IV. SERVICER ADVANCES
-----------------
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period $ 4,527,817.91
--------------
(b.) Servicer Advances reimbursed during the Collection Period $ 15,767.75
--------------
(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date -
--------------
(d.) Servicer Advances made during the related Collection Period $ 120,755.14
--------------
(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period $ 4,632,805.30
--------------
(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 $ 4,702,535.15
--------------
(b.) Reserve Account initial deposit
--------------
(c.) Amount of interest earnings reinvested for the related Monthly Period $ -
--------------
(d.) Amounts used to cover shortfalls, if any, for the related Collection Period $ 582,461.18
--------------
(e.) Amounts used as required in a Trigger Event, if any, for the related Collection Period $ -
--------------
(f.) Amounts transferred in from the Collection Account, if applicable (line 4) $ -
--------------
(g.) Interest earnings for the related Monthly Period $ 24,850.73
--------------
(h.) Interest earnings withdrawn and included as Available Funds for the related Monthly Period $ 24,850.73
--------------
</TABLE>
Page 3 of 4
<PAGE> 4
<TABLE>
<S> <C>
(i.) Amount on deposit at the end of the related Collection Period $ 4,120,073.97
--------------
(j.) Is the Required Reserve Amount equal to the balance in the Reserve Account
as of the related Collection period? Y or N N
--------------
VI. ADVANCE PAYMENTS
----------------
(a.) Beginning aggregate Advance Payments $ 3,343,647.70
--------------
(b.) Add: Amount of Advance Payments collected during the related Collection Period $ 2,513,610.83
--------------
(c.) Add: Investment earnings for the related Collection Period $ -
--------------
(d.) Less: Amount of Advance Payments withdrawn for deposit into Facility Account $ 2,598,972.57
--------------
(e.) Ending aggregate Advance Payments $ 3,258,285.96
--------------
</TABLE>
ADVANTA BANK CORP., AS SERVICER
BY: /s/ KIRK WEILER
---------------
TITLE: VP of Finance
---------------
DATE: 07/13/00
---------------
Page 4 of 4
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