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ASSET-BACKED FINANCING FACILITY
Advanta Bank Corp.
Monthly Servicer Certificate
Collection Period: July1, 2000 - July 31, 2000
Settlement Date: 15-Aug-00
A. SERIES INFORMATION:
Advanta Equipment Leasing Receivables Series 2000-1 LLC
Series 2000-1
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I. AGGREGATE CONTRACT PRINCIPAL BALANCE:
(a.) Beginning Aggregate Contract Principal Balance........................................................ $ 409,853,918.68
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(b.) Contract Principal Balance of all Collections allocable to Contracts.................................. $ 12,449,010.93
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(c.) Contract Principal Balance of Charged-Off Contracts................................................... $ 2,522,914.35
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(d.) Ending Aggregate Contract Principal Balance of all Contracts as of
this Settlement Date.................................................................................. $ 394,881,993.40
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Balances on this Payment Date: (after principal payments made for this
related collection period)
(e.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.8375270 $ 275,694,609.08
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(e1.) Ending Class A-1 Principal Balance 0.7049817 $ 127,802,609.08
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(e2.) Ending Class A-2 Principal Balance 1.0000000 $ 63,269,000.00
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(e3.) Ending Class A-3 Principal Balance 1.0000000 $ 84,623,000.00
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.8375270 $ 23,630,822.99
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(g.) Ending Class C Principal Balance as of this
Settlement Date (Class C Note Factor) 0.8375270 $ 15,753,882.18
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(h.) Ending Class D Principal Balance as of this
Settlement Date (Class D Note Factor) 0.8375082 $ 7,876,764.49
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(i.) Ending Class E Principal Balance as of this
Settlement Date (Class E Note Factor) 0.8397215 $ 19,743,532.22
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(j.) Ending Class F Principal Balance as of this
Settlement Date (Class F Note Factor) 0.8397215 $ 51,335,967.83
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II.COMPLIANCE RATIOS:
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts......................................... $ 455,087,485.61
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(b.) CBR of Contracts 1 - 30 days delinquent............................................................... $ 44,856,839.82
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(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date.............................. 9.86%
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(d.) CBR of Contracts 31 - 60 days delinquent.............................................................. $ 21,128,036.64
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date............................. 4.64%
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(f.) CBR of Contracts 61 - 90 days delinquent.............................................................. $ 9,397,154.34
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(g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date............................. 2.06%
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(h.) CBR of Contracts > 91 days delinquent................................................................. $ 7,780,855.15
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date............................... 1.71%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date.......................... 8.42%
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(j2.) Month 2: Jun-00................................................................................ 8.16%
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(j3.) Month 3: May-00................................................................................ 8.33%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more................................. 8.30%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360)................................ 6.91%
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(k2.) Month 2: Jun-00................................................................................ 8.20%
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(k3.) Month 3: May-00................................................................................ 3.77%
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(k4.) Three month rolling average % for Defaulted Contracts................................................. 6.29%
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(l1.) Cumulative Net Loss Percentage....................................................................... 1.6433%
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(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
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(l4.) The Loss Trigger Level % from 13th Collection Period to and including 24th
Collection Period ? Y or N......................................................................... N/A
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(l5.) The Loss Trigger Level % from 25th Collection Period and thereafter ? Y or N..................... N/A
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(m5.) Is there currently a Trigger Event which has not been cured for this payment
date...Y or N ....................................................................................... NO
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(m5.) Is there currently an Event of Default for this payment date......Y or N............................. NO
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III. FLOW OF FUNDS:
(1.) The amount on deposit in Available Funds $ 15,660,712.83
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(2.) Amounts deposited, if any, by the Servicer to the Collection Account for contracts repurchased $ 11,270.34
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(3.) Total deposits in the Collection Account to be used as available funds on this Payment Date (1+2) $ 15,671,983.17
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(4.) Funds to the servicer, any Excluded Amounts-Residual Receipts $ 76,175.74
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(a.) To the Trustee, trustee fees and expenses subject to an annual limit -
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(b.) To the Servicer, any unrecoverable servicer advances / initial unpaid balance amounts $ 45,893.35
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(c.) To the Servicer, the servicing fee then due and miscellaneous amounts, if any $ 341,544.93
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TO SERIES 2000-1 NOTEHOLDERS INCLUDING RETAINED INTEREST HOLDERS: INTEREST
(d.) To Class A, the total Class A Note Interest for the related interest accrual period.................. $ 1,693,772.74
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Interest on Class A-1 Notes....................................... $ 789,064.48
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Interest on Class A-2 Notes....................................... $ 382,513.83
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Interest on Class A-3 Notes....................................... $ 522,194.43
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(e.) Interest on Class B Notes for the related interest accrual period..................................... $ 154,614.22
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(f.) Interest on Class C Notes for the related interest accrual period..................................... $ 104,780.45
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(g.) Interest on Class D Notes for the related interest accrual period..................................... $ 54,638.72
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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...................................................... -
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(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........................................................................ $ 175,036.75
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TO SERIES 2000-1 NOTEHOLDERS INCLUDING RETAINED INTEREST HOLDERS: PRINCIPAL
(i1.) Class A percentage............................................................ 0.69999903
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(i2.) To Class A, amount from reserve account, if any............................... -
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(i3.) To Class A, the Class A overdue principal, if any ............................ -
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(i4.) To Class A, the Class A monthly principal payment amount...................... $ 10,480,333.16
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(i5.) To Class A, the additional principal, if any, allocable from Class E interest
amount........................................................................ $ 149,421.82
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(i6.) To Class A, the additional principal, if any, allocable from Class F floor
amount........................................................................ -
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(i7.) Total principal payment to Class A (i2-i6)................................. $ 10,629,755.69
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(i8.)............. Principal payment to Class A-1 Noteholders.............................................. $ 10,629,755.69
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(i9.)............. Principal payment to Class A-2 Noteholders.............................................. -
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(i10).............. Principal payment to Class A-3 Noteholders.............................................. -
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(j1.) Class B percentage........................................................... 0.059999551
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(j2.) To Class B, amount from reserve account, if any.............................. -
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(j3.) To Class B, the Class B overdue principal, if any............................ -
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(j4.) To Class B, the Class B monthly principal payment amount..................... $ 898,308.80
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(j5.) To Class B, the additional principal, if any, allocable from Class E
interest amount.............................................................. $ 12,807.51
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(j6.) To Class B, the additional principal, if any, allocable from Class F
floor amount................................................................. -
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(j7.) Total principal payment to Class B Noteholders (j2-j6)........................................... $ 911,116.37
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(k1.) Class C percentage............................................................. 0.039999701
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(j2.) To Class C, amount from reserve account, if any................................ -
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(k3.) To Class C, the Class C overdue principal, if any.............................. -
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(k4.) To Class C, the Class C monthly principal payment amount....................... $ 598,872.53
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(k5.) To Class C, the additional principal, if any, allocable from Class E
interest amount................................................................ $ 8,538.34
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(k6.) To Class C, the additional principal, if any, allocable from Class F floor
amount......................................................................... -
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(k7.) Total principal payment to Class C Noteholders (k2-k6)........................................... $ 607,410.87
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(l1.) Class D percentage....................................................... 0.01999985
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(l2.) To Class D, amount from reserve account, if any.......................... -
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(l3.) To Class D, the Class D overdue principal, if any........................ -
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(l4.) To Class D, the Class D monthly principal payment amount................ $ 299,436.27
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(l5.) To Class D, the additional principal, if any, allocable from Class E
interest amount......................................................... $ 4,269.08
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(l6.) To Class D, the additional principal, if any, allocable from Class F
floor amount............................................................ -
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(l7.) Total principal payment to Class D Noteholders (l2-l6)........................................... $ 303,705.34
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(m1.) Class E percentage...................................................... 0.049998563
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(m2.) To Class E, amount from reserve account, if any......................... $ 80,237.09
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(m3.) To Class E, the Class E overdue principal, if any........................ -
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(m4.) To Class E, the Class E monthly principal payment amount................ $ 748,574.75
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(m5.) To Class E, the additional principal, if any, allocable from Class F
floor amount ........................................................... -
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(m6.) Total principal payment to Class E Noteholders (m2-m5)........................................... $ 748,574.75
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TO THE RESERVE ACCOUNT :
(4.) The amount, if any, needed to maintain the amount in the reserve account
at the required reserve amount................................................................... $ -
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CLASS F PAYMENTS:
(n1.) Sub-Total of funds disbursed through the Reserve Account................. $ 15,671,983.16
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(n2.) Funds available to be paid to Class F $ -
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(n3.) Class F percentage....................................................... 0.130003314
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(n4.) Class F floor amount..................................................... $ 9,405,070.31
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(n5.) Class F principal balance before payment of principal on this payment date.. $ 53,282,367.73
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(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
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(n8.) If Funds available to be paid to Class F (n2) is $0, then no payments to Class F and enter $0.......
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TO THE TRUSTEE:
(7.) To the Trustee, any fees and expenses not previously paid subject to a limit........................
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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............................................... $ -
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period $ 4,632,805.30
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(b.) Servicer Advances reimbursed during the Collection Period $ 24,629.53
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date $ 44,857.08
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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 $ 4,563,318.69
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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 $ 4,120,073.97
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(b.) Reserve Account initial deposit
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(c.) Amount of interest earnings reinvested for the related Monthly Period $ -
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(d.) Amounts used to cover shortfalls, if any, for the related Collection Period $ 80,237.09
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(e.) Amounts used as required in a Trigger Event , if any, for the related Collection Period $ -
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(f.) Amounts transferred in from the Collection Account, if applicable (line 4) $ -
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(g.) Interest earnings for the related Monthly Period $ 24,068.30
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(h.) Interest earnings withdrawn and included as Available Funds for the related Monthly Period $ 24,068.30
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(i.) Amount on deposit at the end of the related Collection Period.......................................... $ 4,039,836.88
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(j.) Is the Required Reserve Amount equal to the balance in the Reserve Account
as of the related Collection period ? Y or N........................................................... N
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VI. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments................................................................... $ 3,258,285.96
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(b.) Add: Amount of Advance Payments collected during the related Collection Period........................ $ 2,508,050.15
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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........................... $ 2,451,132.22
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(e.) Ending aggregate Advance Payments...................................................................... $ 3,315,203.89
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ADVANTA BANK CORP., AS SERVICER
BY: /s/ KIRK WEILER
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TITLE: VP of Finance
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DATE: 8/10/00
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