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Previous: ADVANTA EQUIPMENT LEASING RECEIVABLES SERIES 2000-1 LLC, 8-K, 2000-12-15 |
Next: EVERGREEN NETWORK COM INC, 10SB12G/A, 2000-12-15 |
<PAGE> 1
ASSET-BACKED FINANCING FACILITY
ADVANTA BANK CORP.
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: NOVEMBER 1, 2000 - NOVEMBER 30, 2000
------------------------------------
SETTLEMENT DATE: 15-DEC-00
--------------------
A. SERIES INFORMATION:
Advanta Equipment Leasing Receivables Series 2000-1 LLC
SERIES 2000-1
<TABLE>
<S> <C>
I. AGGREGATE CONTRACT PRINCIPAL BALANCE:
(a.) Beginning Aggregate Contract Principal Balance ............................................. $ 350,344,703.14
----------------
(b.) Contract Principal Balance of all Collections allocable to
Contracts .................................................................................. $ 12,489,156.33
----------------
(c.) Contract Principal Balance of Charged-Off Contracts ........................................ $ 1,371,321.49
----------------
(d.) Ending Aggregate Contract Principal Balance of all Contracts as
of this Settlement Date .................................................................... $ 336,484,225.32
----------------
</TABLE>
<TABLE>
<S> <C> <C>
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) 0.7116942 $ 234,273,375.72
---------- ----------------
(e1.) Ending Class A-1 Principal Balance 0.4764949 $ 86,381,375.72
---------- ---------------
(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) 0.7116942 $ 20,080,453.18
---------- ----------------
(g.) Ending Class C Principal Balance as of this
Settlement Date (Class C Note Factor) 0.7116943 $ 13,386,969.13
---------- ----------------
(h.) Ending Class D Principal Balance as of this
Settlement Date (Class D Note Factor) 0.7116943 $ 6,693,485.13
---------- ----------------
(i.) Ending Class E Principal Balance as of this
Settlement Date (Class E Note Factor) 0.7155379 $ 16,823,727.73
---------- ----------------
(j.) Ending Class F Principal Balance as of this
Settlement Date (Class F Note Factor) 0.7155379 $ 43,744,064.46
---------- ----------------
</TABLE>
<TABLE>
<S> <C>
II. COMPLIANCE RATIOS:
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts. ............................. $383,706,245.25
---------------
(b.) CBR of Contracts 1 - 30 days delinquent .................................................... $ 42,236,317.35
---------------
(c.) % of Delinquent Contracts 1- 30 days as of the related
Calculation Date ........................................................................... 11.01%
---------------
(d.) CBR of Contracts 31 - 60 days delinquent ................................................... $ 14,713,705.88
---------------
(e.) % of Delinquent Contracts 31- 60 days as of the related
Calculation Date ........................................................................... 3.83%
---------------
(f.) CBR of Contracts 61 - 90 days delinquent ................................................... $ 7,416,080.17
---------------
(g.) % of Delinquent Contracts 61- 90 days as of the related
Calculation Date ........................................................................... 1.93%
---------------
(h.) CBR of Contracts > 91 days delinquent ...................................................... $ 3,598,562.60
---------------
(i.) % of Delinquent Contracts > 91 days as of the related
Calculation Date ........................................................................... 0.94%
---------------
(j1.) % of Delinquent Contracts 31 days or more as of the related
Calculation Date ........................................................................... 6.71%
---------------
(j2.) Month 2: Oct-00 ........................................................... 6.45%
--------------- ---------------
(j3.) Month 3: Sep-00 ........................................................... 7.92%
--------------- ---------------
(j4.) Three month rolling average % of Delinquent Contracts 31 days
or more ..................................................................................... 7.03%
---------------
(k1.) Net Charge-Off % for the related Collection Period (annualized
30/360) .................................................................................... 3.31%
---------------
(k2.) Month 2: Oct-00 ........................................................... 4.67%
--------------- ---------------
(k3.) Month 3: Sep-00 ........................................................... 7.99%
--------------- ---------------
(k4.) Three month rolling average % for Defaulted Contracts ...................................... 5.32%
---------------
</TABLE>
Page 1 of 4
<PAGE> 2
<TABLE>
<S> <C>
(l1.) Cumulative Net Loss Percentage ......................................................... 3.0298%
----------------
(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 ............................................... $ 15,589,467.23
----------------
(2.) Amounts deposited, if any, by the Servicer to the Collection Account for contracts
repurchased ............................................................................ $ 41,218.96
----------------
(3.) Total deposits in the Collection Account to be used as available funds on this Payment
Date (1+2) ............................................................................. $ 15,630,686.19
----------------
(4.) Funds to the servicer, any Excluded Amounts-Residual Receipts .......................... $ 185,269.56
----------------
(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 .. $ --
----------------
(c.) To the Servicer, the servicing fee then due and miscellaneous amounts, if any .......... $ 291,953.92
----------------
</TABLE>
<TABLE>
<S> <C> <C>
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 ........................................................ $1,453,113.37
-------------
Interest on Class A-1 Notes .................................. $ 548,405.12
------------
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 .............. $ 131,815.04
-------------
(f.) Interest on Class C Notes for the related interest accrual period .............. $ 89,329.69
-------------
(g.) Interest on Class D Notes for the related interest accrual period .............. $ 46,581.61
-------------
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 .................... $ 149,622.08
-------------
</TABLE>
<TABLE>
<S> <C> <C>
TO SERIES 2000-1 NOTEHOLDERS INCLUDING RETAINED INTEREST HOLDERS: PRINCIPAL
(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 .................. $ 9,702,321.02
--------------
(i5.) To Class A, the additional principal, if any, allocable from
Class E interest amount ................................................... $ 127,726.36
--------------
(i6.) To Class A, the additional principal, if any, allocable from
Class F floor amount ...................................................... --
--------------
(i7.) Total principal payment to Class A (i2-i6) ............................... $ 9,830,048.08
--------------
(i8.) Principal payment to Class A-1 Noteholders .......................................... $ 9,830,048.08
--------------
(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 .................. $ 831,622.45
--------------
(j5.) To Class B, the additional principal, if any, allocable from
Class E interest amount ................................................... $ 10,947.91
--------------
(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) ............................................. $ 842,570.42
--------------
(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 .................. $ 554,414.97
--------------
(k5.) To Class C, the additional principal, if any, allocable from
Class E interest amount ................................................... $ 7,298.61
--------------
(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) ........................... $ 561,713.57
-------------
(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 ......................... $ 277,207.48
------------
(l5.) To Class D, the additional principal, if any, allocable from Class E
interest amount* ................................................................. $ 3,472.42
------------
(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) ........................... $ 280,679.90
-------------
*additional Class D principal allocable from Class E interest adjusted for
prior period
(m1.) Class E percentage ............................................................... 0.049998563
------------
(m2.) To Class E, amount from reserve account, if any .................................. $ --
------------
(m3.) To Class E, the Class E overdue principal, if any ................................ --
------------
(m4.) To Class E, the Class E monthly principal payment amount ......................... $ 693,003.97
------------
(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) ........................... $ 693,003.97
-------------
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 ......................... $ 14,406,079.14
---------------
(n2.) Funds available to be paid to Class F ............................................ $ 1,224,607.05
---------------
(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 ....... $ 45,545,972.51
---------------
(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 .................................................................. $1,224,607.05
-------------
(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 .............. $ --
-------------
</TABLE>
<TABLE>
<S> <C>
IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period ........... $3,756,039.37
-------------
(b.) Servicer Advances reimbursed during the Collection Period ................................. $ 36,904.67
-------------
(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ........................................................................... $ --
-------------
(d.) Servicer Advances made during the related Collection Period ............................... $ 315,810.86
-------------
(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period .................................................................................... $4,034,945.56
-------------
(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 ..............
-------------
(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 .......................................... $ 24,351.52
-------------
(h.) Interest earnings withdrawn and included as Available Funds for the related Monthly Period $ 24,351.52
-------------
</TABLE>
Page 3 of 4
<PAGE> 4
<TABLE>
<S> <C>
(i.) Amount on deposit at the end of the related Collection Period ............................. $4,702,535.15
-------------
(j.) Is the Required Reserve Amount equal to the balance in the Reserve Account
as of the related Collection period? Y or N ............................................... Y
-------------
VI. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments ...................................................... $3,310,908.93
-------------
(b.) Add: Amount of Advance Payments collected during the related Collection Period ........... $2,040,142.38
-------------
(c.) Add: Investment earnings for the related Collection Period ............................... $ --
-------------
(d.) Less: Amount of Advance Payments withdrawn for deposit into Facility Account .............. $2,544,395.93
-------------
(e.) Ending aggregate Advance Payments ......................................................... $2,806,655.38
-------------
</TABLE>
ADVANTA BANK CORP., AS SERVICER
BY: /s/ KIRK WEILER
TITLE: V.P. Finance/Treasurer
-----------------------------
DATE: 12/12/00
-----------------------------
Page 4 of 4
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