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ASSET-BACKED FINANCING FACILITY
ADVANTA BANK CORP.
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: OCTOBER 1, 2000 - OCTOBER 31, 2000
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SETTLEMENT DATE: 15-NOV-00
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A. SERIES INFORMATION:
ADVANTA EQUIPMENT LEASING RECEIVABLES SERIES 2000-1 LLC
SERIES 2000-1
<TABLE>
<CAPTION>
I. AGGREGATE CONTRACT PRINCIPAL BALANCE:
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<S> <C> <C>
(a.) Beginning Aggregate Contract Principal Balance ............................................ $364,143,364.07
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(b.) Contract Principal Balance of all Collections allocable to Contracts ........................ $12,144,465.87
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(c.) Contract Principal Balance of Charged-Off Contracts ......................................... $1,654,195.06
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(d.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date ..... $350,344,703.14
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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) 0.7415567 $244,103,423.80
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(e1.) Ending Class A-1 Principal Balance 0.5307192 $96,211,423.80
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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) 0.7415567 $20,923,023.59
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(g.) Ending Class C Principal Balance as of this
Settlement Date (Class C Note Factor) 0.7415568 $13,948,682.71
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(h.) Ending Class D Principal Balance as of this
Settlement Date (Class D Note Factor) 0.7415380 $6,974,165.03
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(i.) Ending Class E Principal Balance as of this
Settlement Date (Class E Note Factor) 0.7450124 $17,516,731.70
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(j.) Ending Class F Principal Balance as of this
Settlement Date (Class F Note Factor) 0.7450124 $45,545,972.51
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II. COMPLIANCE RATIOS:
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(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts. .............................. $399,761,097.05
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(b.) CBR of Contracts 1 - 30 days delinquent ..................................................... $ 41,031,306.79
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(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date .................... 10.26%
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(d.) CBR of Contracts 31 - 60 days delinquent .................................................... $ 15,011,797.87
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(e.) % of Delinquent Contracts 31 - 60 days as of the related Calculation Date .................. 3.76%
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(f.) CBR of Contracts 61 - 90 days delinquent .................................................... $ 7,024,612.46
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(g.) % of Delinquent Contracts 61 - 90 days as of the related Calculation Date .................. 1.76%
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(h.) CBR of Contracts > 91 days delinquent . ..................................................... $ 3,730,252.98
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ..................... 0.93%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ................ 6.45%
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(j2.) Month 2: Sep-00 .............................................. 7.92%
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(j3.) Month 3: Aug-00 .............................................. 7.99%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more ....................... 7.45%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) ...................... 4.67%
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(k2.) Month 2: Sep-00 .............................................. 7.99%
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(k3.) Month 3: Aug-00 .............................................. 4.89%
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(k4.) Three month rolling average % for Defaulted Contracts ....................................... 5.85%
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<CAPTION>
<S> <C> <C>
(l1.) Cumulative Net Loss Percentage. ............................................................. 2.8246%
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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:
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(1.) The amount on deposit in Available Funds. ................................................... $15,608,204.26
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(2.) Amounts deposited, if any, by the Servicer to
the Collection Account for contracts repurchased .......................................... $32,611.58
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(3.) Total deposits in the Collection Account to be
used as available funds on this Payment Date (1+2) ........................................ $15,640,815.84
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(4.) Funds to the servicer, any
Excluded Amounts-Residual Receipts ........................................................ $116,523.59
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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 . ............................................... $529,494.20
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(c.) To the Servicer, the servicing fee then due and
miscellaneous amounts, if any . ............................................................ $303,452.80
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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. ...................................................... $1,508,926.67
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Interest on Class A-1 Notes ................................. $ 604,218.42
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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 ........................... $137,102.58
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(f.) Interest on Class C Notes for the related interest accrual period ........................... $92,913.00
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(g.) Interest on Class D Notes for the related interest accrual period ........................... $48,450.20
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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 ....... $155,515.09
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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 .................... $9,659,049.26
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(i5.) To Class A, the additional principal, if any,
allocable from Class E interest amount . ................................... $132,756.98
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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) ................................. $9,791,806.94
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(i8.) Principal payment to Class A-1 Noteholders .................................. $9,791,806.94
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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 .................... $827,913.47
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(j5.) To Class B, the additional principal, if any, allocable
from Class E interest amount . ........................................... $11,379.10
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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) ...................................... $839,292.63
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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 .................... $551,942.31
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(k5.) To Class C, the additional principal, if any,
allocable from Class E interest amount ................................... $7,586.07
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(k6.) To Class C, the additional principal,
if any, allocable from Class F floor amount ......................... -
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<S> <C> <C>
(k7.) Total principal payment to Class C Noteholders (k2-k6) ...................................... $559,528.38
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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 .................... $275,971.16
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(l5.) To Class D, the additional principal, if any,
allocable from Class E interest amount . .................................. $ 3,792.94
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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) ...................................... $279,764.10
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(m1.) Class E percentage .......................................................... 0.049998563
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(m2.) To Class E, amount from reserve account, if any ............................. -
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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 .................... $689,913.22
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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) ...................................... $689,913.22
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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 ...................................... $284,900.76
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CLASS F PAYMENTS:
(n1.) Sub-Total of funds disbursed through the Reserve Account .................... $15,182,069.07
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(n2.) Funds available to be paid to Class F ....................................... $458,746.77
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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 ........................................... $47,339,844.16
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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 ..................................... $458,746.77
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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
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(a.) Aggregate amount of Servicer Advances at
the beginning of the Collection Period .............................................. $4,313,386.48
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(b.) Servicer Advances reimbursed during the Collection Period ................................... $27,852.91
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ..................................................................... $529,494.20
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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 . ........................................................................... $3,756,039.37
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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 ......................... $4,417,634.39
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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...............................................................
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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) ................................................................. $ 284,900.76
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(g.) Interest earnings for the related Monthly Period ............................................ $ 25,832.86
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(h.) Interest earnings withdrawn and included as Available
Funds for the related Monthly Period ...................................................... $ 25,832.86
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<S> <C> <C>
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(i.) Amount on deposit at the end of the related Collection Period. .............................. $4,702,535.15
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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. ......................................... Y
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VI. ADVANCE PAYMENTS
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(a.) Beginning aggregate Advance Payments ............................................................ $ 2,768,784.36
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(b.) Add: Amount of Advance Payments collected during the related Collection Period .................. $ 2,644,800.94
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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 . . ................ $ 2,102,676.37
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(e.) Ending aggregate Advance Payments . . ........................................................... $ 3,310,908.93
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</TABLE>
By: /s/ KIRK WEILER
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Title: VP of Finance
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Date: 11/10/00
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