<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
November 17, 1997
ADVANTA CREDIT CARD MASTER TRUST
(Exact name or Registrant as specified in its charter)
New York Reg. No. 33-73828 Not Required
(State or other (Commission File (I.R.S. Employer
jurisdiction Number) Identification
of incorporation) Number)
Advanta National Bank
Attention: Elizabeth H. Mai
Delaware Corporate Center I
One Righter Parkway, Wilmington, Delaware 19803
(Address of Owner/Servicer)
(Address of principal executive offices)
(302) 266-5600 (Telephone Number of Owner/Servicer)
(Registrant's Telephone Number)
<PAGE> 2
Items 1-4. Inapplicable.
Item 5. Other Events.
Information relating to the distributions to Certificateholders for the
October 1997 Monthly Period of the Trust in respect of the Class A-1
5.95% Fixed Rate Asset Backed Certificates, Series 1992-3, the Class A-2
Floating Rate Asset Backed Certificates, Series 1992-3, Floating Rate Asset
Backed Certificates, Series 1993-2, and Floating Rate Asset Backed Certificates,
Series 1993-4 (the "Certificates") issued by the registrant and to the
performance of the Trust (including collections of Principal Receivables and
Finance Charge Receivables, Principal Receivables in the Trust, delinquent
balances in Accounts, the Investor Default Amounts, the amount of Investor
Charge Offs, and the Investor Servicing Fees), together with certain other
information relating to the Certificates, is contained in the Monthly Report
for the Monthly period provided to Certificateholders pursuant to the Pooling
and Servicing Agreement dated as of April 1, 1992 (hereinafter as such agreement
may have been or may be from time to time, supplemented, amended or otherwise
modified, the "Agreement") between Advanta National Bank (formerly known as
Advanta National Bank USA) and The Chase Manhattan Bank, as trustee.
Capitalized terms not otherwise defined herein have the meanings assigned.
Effective June 30, 1997, Advanta National Bank USA (formerly known as Colonial
National Bank USA), changed its name to Advanta National Bank (the "Bank").
Also effecitve June 30, 1997, Advanta National Bank ("ANB"), a national banking
association (the "Merged Bank"), merged with and into the Bank.
Item 6. Inapplicable.
Item 7. Financial Statements,
Pro Forma Financial Information and Exhibits.
1. Monthly Reports for the October 1997 Monthly Period relating to the
Series 1992-3 Class A-1, 5.95% Fixed Rate Asset Backed Certificates,
the Series 1992-3 Class A-2 Floating Rate Asset Backed Certificates, the
Series 1993-2, and the Series 1993-4 Floating Rate Asset Backed
Certificates issued by the Advanta Credit Card Master Trust.
<PAGE> 3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ADVANTA CREDIT CARD MASTER TRUST
(Registrant)
BY: ADVANTA NATIONAL BANK (formerly known as Advanta National Bank USA)
as Servicer
Date: November 17, 1997 By: /s/ MICHAEL COCO
---------------------
Name: Michael Coco
Title: Vice President
<PAGE> 4
EXHIBIT INDEX
Sequential
Exhibit Page Number
1. Monthly Reports for the October 1997 Monthly Period 5
relating to the Class A-1 5.95% Fixed Rate Asset Backed
Certificates and Class A-2 Floating Rate Asset Backed
Certificates, Series 1992-3, the Floating Rate Asset
Backed Certificates, Series 1993-2, and the Floating
Rate Asset Backed Certificates, Series 1993-4, issued
by the Advanta Credit Card Master Trust.
<PAGE> 1
October 1997
MONTHLY SERVICER'S CERTIFICATE
ADVANTA NATIONAL BANK
ADVANTA CREDIT CARD MASTER TRUST
------------------------------------
The undersigned, a duly authorized representative of Advanta National Bank
(the "Bank") (formerly known as Advanta National Bank USA) as Servicer
pursuant to the Amended and Restated Pooling and Servicing
Agreement dated as of April 1,1992 (the "Agreement"), by and between
the Bank, as Seller and Servicer and The Chase Manhattan Bank, as Trustee,
(the "Trustee") does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings set forth in the Agreement:
provided that the "preceding Monthly Period" shall mean the Monthly
Period immediately preceding the calendar month in which this
certificate is delivered. This certificate is delivered pursuant
to subsection 3.04(b) of the Agreement. References herein to certain
sections and subsections are references to the respective sections
and subsections of the Agreement.
2. The Bank is as of the date hereof the Servicer under the Agreement
3. The undersigned is a Servicing Officer.
4. The date of this Certificate is a Determination Date under the
Agreement.
5. The aggregate amount of Collections processed
for the preceding Monthly Period for this
Payment Date is equal to $173,949,196.92
6. The aggregate amount of such Collections allocated to Principal
Receivables for the preceding Monthly Period for this Payment Date
was equal to:
Series 1992-3 $55,139,778.54
Series 1993-2 $44,105,850.48
Series 1993-4 $44,105,850.48
7. The aggregate amount of such Collections allocated to Finance
Charges Receivables for the preceding Monthly Period for this Payment
Date was equal to:
Series 1992-3 $2,481,597.02
Series 1993-2 $6,616,099.00
Series 1993-4 $6,616,099.00
8. The aggregate amount of such Collections allocated to Finance Charge
Receivables that constitute Recoveries on Defaulted Accounts for
this preceding Monthly Period for this Payment Date was equal to:
Series 1992-3 $79,404.18
Series 1993-2 $211,696.71
Series 1993-4 $211,696.71
<PAGE> 2
9. The aggregate amount of such Collections of Finance Charge Receivables
that constitute Interchange Fees for the preceding Monthly Period
for this Payment Date was equal to:
Series 1992-3 $250,000.00
Series 1993-2 $666,666.67
Series 1993-4 $583,333.33
10. The aggregate amount of drawings, if any, under the Enhancement
for each Series required to be made on the next succeeding
Distribution Date is equal to:
Series 1992-3 $0.00
Series 1993-2 $0.00
Series 1993-4 $0.00
11. The amount of the Monthly Investor Servicing Fee required to be paid
on the next succeeding Payment Date for each Series is equal to:
Series 1992-3 $250,000.00
Series 1993-2 $666,666.67
Series 1993-4 $666,666.67
12. The aggregate sum of all amounts payable to Investor
Certificateholders of each Series on the succeeding Payment Date
in respect of Monthly Investor Interest is equal to:
Series 1992-3 $784,375.00
Series 1993-2 $2,146,833.33
Series 1993-4 $2,154,166.67
13. The aggregate sum of all amounts payable to Investor
Certificateholders of each Series on the succeeding Payment Date
in respect of Monthly Investor Principal is equal to:
Series 1992-3 $50,000,000.00
Series 1993-2 $0.00
Series 1993-4 $0.00
14. The Enhancement Amount for each Series as of the close of business
on the following Payment Date, after giving effect to all deposits,
drawings and transfers, will be equal to:
Series 1992-3 $19,500,000.00
Series 1993-2 $52,000,000.00
Series 1993-4 $52,000,000.00
<PAGE> 3
15. The existing aggregate Deficit Controlled Amortization Amount
for each Series was equal to:
Series 1992-3 $0.00
Series 1993-2 $0.00
Series 1993-4 $0.00
16. The average Net Portfolio Yield for the three preceding
Monthly Periods was 13.17%
17. The average Base Rate for each Series for the three preceding
Investor Interest Periods was equal to:
Series 1992-3 8.12%
Series 1993-2 8.14%
Series 1993-4 8.16%
18. The Investor Percentage for each Series of Collections allocated to
Finance Charge Receivables for the Preceding Monthly Period was
equal to:
Series 1992-3 11.08%
Series 1993-2 29.54%
Series 1993-4 29.54%
19. The Investor Percentage for each Series of Collections allocated to
Principal receivables for the Preceding Monthly Period was equal to:
Series 1992-3 36.93%
Series 1993-2 29.54%
Series 1993-4 29.54%
20. Attached hereto is a true and correct copy of the statement required
to be delivered by the Servicer on the date of this Certificate to
the Trustee pursuant to Section 5.02(a) of the Agreement.
21. As of the date hereof, to the best knowledge of the undersigned,
no default in the performance of the Servicer under the Agreement
has occurred or is continuing except as follows: [set forth in
detail the (i) nature of such default, (ii) the action taken by
the Servicer, if any, to remedy such default and (iii) the current
status of each such default: if applicable, insert "None"]....None
22. As of the date hereof no Liquidation Event or Rapid Amortization
Event has been deemed to have occurred for Monthly Period for
this Payment Date.
23. As of the date hereof, to the best knowledge of the undersigned,
no Lien has been placed on any of the Receivables.
In witness whereof, the undersigned has duly executed and delivered
this certificate this November 12, 1997.
ADVANTA NATIONAL BANK (formerly known as Advanta National Bank USA)
as Servicer
/s/ MICHAEL COCO
-------------------------
By: Michael Coco
Vice President
<PAGE> 4
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90, 120, 150
and 180 or more days delinquent as of the end of the prior Monthly Period for
such Payment Date is:
AGGREGATE ACCOUNT BALANCE
(a) 30-59 days: .................... $21,947,577.21
(b) 60-89 days: .................... $12,589,376.78
(c) 90-119 days: ................... $9,431,569.11
(d) 120-149 days: .................. $8,581,349.84
(e) 150-179 days: .................. $6,980,180.42
(f) 180 or more days: .............. $1,927,392.78
----------------
TOTAL $61,457,446.14
ADVANTA NATIONAL BANK (formerly known as Advanta National Bank USA),
as Servicer
/s/ MICHAEL COCO
---------------------------
By: Michael Coco
Vice President
<PAGE> 5
October 1997
MONTHLY CERTIFICATEHOLDER'S STATEMENT
ADVANTA NATIONAL BANK
-----------------------------------------------------
ADVANTA CREDIT CARD MASTER TRUST
Series 1992-3
--------------------------------------------------------------
Under the Amended and Restated Master Pooling and Servicing Agreement, dated
as of April 1, 1992, (hereinafter as such agreement may have been or may be
from time to time, supplemented, amended or otherwise modified(the "Agree-
ment") between Advanta National Bank (the "Bank")(formerly known as Advanta
National Bank USA) as Seller and Servicer and The Chase Manhattan
Bank as Trustee (the "Trustee"), the Bank as Servicer is required to
prepare certain information each month regarding current distributions
to Certificateholders and the performance of the Advanta Credit Card
Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Payment Date of
November 17, 1997, and with respect to the performance of the
Trust during the month of October, 1997, is set forth below.
Certain of the information is presented on the basis of an original principal
amount of $1,000 per Investor Certificate (a "Certificate"). Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used herein have their respective meanings set
set forth in the Agreement.
A. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION
(STATED ON THE BASIS OF $1,000 CERTIFICATE).
1. The total amount of the distribution to Series 1992-3
Certificateholders per $1,000 original certificate principal amount
Class A-1 101.487500
Class A-2 101.650000
2. The amount of the distribution set forth in paragraph 1 above with
respect to interest on the Series 1992-3 Certificates,
per $1,000 original principal amount
Class A-1 1.487500
Class A-2 1.650000
3. The amount of the distribution set forth in paragraph 1 above with
respect to principal on the Series 1992-3 Certificateholders
per $1,000 original principal amount 100.000000
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
1. COLLECTION OF RECEIVABLES.
(a) The aggregate amount of Collections of Receivables
processed during the Monthly Period immediately preceding
the Payment Date with the respect to the Investor
Certificates of all Series $173,949,196.92
(b) The aggregate amount of average Receivables
outstanding during the Monthly Period immediately preceding
the Payment Date with the respect to the investor
Certificates of all Series $1,346,307,778.85
<PAGE> 6
(c) The aggregate amount of Collections of Receivables in respect
of Finance Charge Receivables processed during the Monthly
Period immediately preceding the Payment Date which were
allocated with respect to Series 1992-3
Certificates $2,481,597.02
(d) The aggregate amount of Collections of Receivables in respect
of Principal Receivables processed during the Monthly Period
immediately preceding the Payment Date which were allocated
with respect to Series 1992-3
Certificates $55,139,778.54
2. PRINCIPAL RECEIVABLES IN THE TRUST:
(a) The aggregate amount of Principal Receivables as of the
end of the last day of the preceding Monthly Period
(which reflects the Principal Receivables represented by the
Exchangeable Seller's Certificate and by the Investor
Certificates of all Series) $1,297,504,876.19
(b) The aggregate amount of Principal Receivables in the
Trust represented by the Series 1992-3 Certificates
(the "Investor Amount") as of the end of the last day of
the preceding Monthly Period $100,000,000.00
(c) The Investor Amount on the date of issuance of
the Series 1992-3 Investor Certificates
(the "Initial Investor Amount") $500,000,000.00
(d) The Investor Percentage with respect to the allocation
of charged-off Receivables to Series 1992-3
Certificateholders 11.08%
(e) The Investor Percentage with respect to the allocation
of Principal Receivables to Series 1992-3
Certificateholders 36.93%
3. INVESTOR CHARGED-OFF AMOUNT
The aggregate of the Investor Charged-Off Amounts for the
Monthly Period corresponding to the Payment Date allocable
to the Series 1992-3 Certificates $993,816.06
4. REDUCTION AMOUNT; REIMBURSEMENT OF REDUCTION AMOUNT
(a) The amount of the drawing, if any, under
the Enhancement $0.00
(b) The excess of the Reduction Amount allocable to
the Series 1992-3 Certificates over the amount of
the drawing, if any, under the Enhancement made
to reimburse the Series 1992-3 Certificateholders
for such amount written off $0.00
(c) The Reduction Amount set forth in Item 5(b) above,
per $1,000 interest (which will have the effect of reducing,
pro rata, the amount of each Series 1992-3 Investor
Certificateholder's investment 0.000000
<PAGE> 7
(d) The total amount reimbursed to the Trust for such Payment Date
in respect of the Reduction Amount $0.00
(e) The amount set forth in Item 5(d) above, per $1,000 interest
(which will have the effect of increasing, pro rata, the amount of
each Series 1992-3 Certificateholder's investment) 0.000000
(f) The amount, if any, by which the outstanding principal balance
of the Investor Certificates exceeds the Series 1992-3 Investor
Amount as of the end of the day on the Record date with respect
to the Payment Date $0.00
5. INVESTOR SERVICING FEE
The amount of the Series 1992-3 Monthly Servicing Fee payable
to the Servicer for the Payment Date $250,000.00
6. AVAILABLE ENHANCEMENT AMOUNT
(a) The amount available to be drawn under the Enhancement
for the Series 1992-3 Certificates as of the close of business
on such Payment date, after giving effect to any drawings on
the Enhancement Provider on such Payment Date $19,500,000.00
(b) The ratio of the Available Enhancement Amount to the
Investor Amount of the Series 1992-3 Certificates as of the
close of business on such Payment date, after giving effect
to any drawings on the Enhancement and payments to the
Enhancement Provider on such Payment Date 19.50%
7. CARRYOVER CONTROLLED AMORTIZATION AMOUNT
The existing Carryover Controlled Amortization Amount for
such Distribution Amount $0.00
C. THE POOL FACTOR
The Pool Factor for the Preceding Record Date (which
represents the ratio of the amount of the Investor Amount
as of such Record Date (adjusted after taking into account
any reduction in the Investor Amount which will occur on the
following Payment Date) to the Initial Investor Amount). The
amount of a Certificateholder's pro rata share of the Investor
Amount can be determined by multiplying the original
denomination of the Holder's Certificate
by the Pool Factor 0.20000000
D. RECEIVABLES BALANCE
1. The aggregate amount of Principal Receivables in the Trust
at the close of business on the last day of the immediately
preceding Monthly Period (which reflects the Principal
Receivables represented by Exchangeable Seller's
Certificate and by the Investor
Certificates of all Series) $1,297,504,876.19
<PAGE> 8
2. The aggregate amount of Finance Charge Receivables
in the Trust as the close of business on the last day of
the immediately preceding Monthly Period $27,286,417.52
<PAGE> 9
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90, 120, 150
and 180 or more days delinquent as of the end of the prior Monthly Period for
such Payment Date is:
AGGREGATE ACCOUNT BALANCE
(a) 30-59 days: .................... $21,947,577.21
(b) 60-89 days: .................... $12,589,376.78
(c) 90-119 days: ................... $9,431,569.11
(d) 120-149 days: .................. $8,581,349.84
(e) 150-179 days: .................. $6,980,180.42
(f) 180 or more days: .............. $1,927,392.78
----------------
TOTAL $61,457,446.14
ADVANTA NATIONAL BANK (formerly known as Advanta National Bank USA),
as Servicer
/s/ MICHAEL COCO
---------------------------
By: Michael Coco
Vice President
<PAGE> 10
October 1997
MONTHLY CERTIFICATEHOLDER'S STATEMENT
ADVANTA NATIONAL BANK
-------------------------------------------------------
ADVANTA CREDIT CARD MASTER TRUST
Series 1993-2
- ----------------------------------------------------------------------
Under the Amended and Restated Master Pooling and Servicing Agreement,
dated as of April 1, 1992, (hereinafter as such agreement may have been or
may be from time to time, supplemented, amended or otherwise modified,
(the "Agreement") by and between Advanta National Bank (the "Bank")
(formerly known as Advanta National Bank USA) as Seller and Servicer, and
The Chase Manhattan Bank as Trustee. The Bank, as Servicer,
is required to prepare certain information each month regarding
current distributions to all Investor Certificateholders of Series
1993-2 and the performance of the Advanta Credit Card Master Trust
("the Trust") during the previous Monthly Period. The information
which is required to be prepared with respect to the distribution
on the November 17, 1997 Payment Date (the "Payment Date")
and with respect to the performance of the Trust during the Monthly
Period for such Payment Date is set forth in the Certificate prepared in
accordance with Section 5.02(a) of the Agreement and additional information
specific to the Series 1993-2 Certificates is set forth below in accordance
with section 4.2 of the Series 1993-2 Supplement to the Agreement.
Certain of the information is presented on the basis of an original principal
amount of $1,000 per Investor Certificate of Series 1993-2. Certain
other information is presented based on the aggregate amounts for the Trust
as a whole. All capitalized terms used herein shall have their respective
meanings set forth in the Agreement.
1. The total amount of the distribution on the Payment Date
per $1,000 original principal amount of the
Investor Certificates 5.367083
2. The amount of the distribution set forth in paragraph 1 above in
respect of principal, per $1,000 original principal amount
of the Investor Certificates 0.000000
3. The amount of distribution set forth in paragraph 1 above in respect
of interest, per $1,000 original principal amount of the
Investor Certificates 5.367083
4. The aggregate amount of Collections of Receivables processed
for the prior Monthly Period which were allocated in
respect of the Investor Certificates $51,600,312.86
5. The aggregate amount of Collections of Principal
Receivables processed during the prior Monthly Period
and allocated in Investor Certificates $44,105,850.48
6. The aggregate amount of Collections of Finance Charge Receivables
processed during the prior Monthly Period and allocated
in respect of the Investor Certificates $6,616,099.00
7. The Investor Charged-Off Amount for the prior Monthly
Period is $2,649,578.19
<PAGE> 11
8. The aggregate amount of the Reduction Amounts for
Series 1993-2 for the Monthly Period is $0.00
9 The aggregate amount of the Reduction Amounts for
Series 1993-2 reimbursed on such Payment Date is $0.00
10. The amount of the Monthly Investor Servicing Fee
for the prior Monthly Period is $666,666.67
11. The Pool Factor as of the end of the last day
of the prior Monthly Period is 1.00
12. The amount, if any, by which the outstanding principal
balance of the Investor Certificates exceeds the Investor
Amount as of the end of the day on the Record Date with
respect to such Payment Date (after giving effect
to any activity on such Payment Date) is $0.00
13. The Investor Amount after giving effect to any
payments on such Payment Date is $400,000,000.00
14. The Cash Collateral Guaranty Amount as of the close
of business on the Payment Date is $52,000,000.00
15. The amount by which the Net Portfolio Yield for such Monthly
Period exceeds the Base Rate for the related Investor
Interest Period 6.09%
16. The aggregate existing Carryover Controlled Amortization Amount
with Period exceeds respect to Series 1993-2 (after giving
effect to any activity on such Payment Date) is $0.00
17. The Investor Percentage with respect to
Principal Receivables is 29.54%
and with respect to Finance Charge Receivables is 29.54%
<PAGE> 12
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90, 120, 150
and 180 or more days delinquent as of the end of the prior Monthly Period for
such Payment Date is:
AGGREGATE ACCOUNT BALANCE
(a) 30-59 days: .................... $21,947,577.21
(b) 60-89 days: .................... $12,589,376.78
(c) 90-119 days: ................... $9,431,569.11
(d) 120-149 days: .................. $8,581,349.84
(e) 150-179 days: .................. $6,980,180.42
(f) 180 or more days: .............. $1,927,392.78
----------------
TOTAL $61,457,446.14
ADVANTA NATIONAL BANK (formerly known as Advanta National Bank USA),
as Servicer
/s/ MICHAEL COCO
---------------------------
By: Michael Coco
Vice President
<PAGE> 13
October 1997
MONTHLY CERTIFICATEHOLDER'S STATEMENT
ADVANTA NATIONAL BANK
------------------------------------------------------
ADVANTA CREDIT CARD MASTER TRUST
Series 1993-4
---------------------------------------------------------------
Under the Amended and Restated Master Pooling and Servicing Agreement, dated
as of April 1, 1992, (hereinafter as such agreement may have been or may be
from time to time, supplemented, amended or otherwise modified (the "Agree-
ment") by and between Advanta National Bank (the "Bank") (formerly known as
Advanta National Bank USA) as Seller and Servicer, and The Chase Manhattan
Bank as Trustee (the "Trustee"). The Bank as servicer, is required to
prepare certain information each month regarding current distributions
to all Investor Certificateholders of Series 1993-4 and the
performance of the Advanta Credit Card Master Trust (the "Trust") during
the previous Monthly Period. The information which is required to be pre-
pared with respect to the distribution on the November 17, 1997, Payment
Date (the "Payment Date") and with respect to the performance of the Trust
during the Monthly Period for such Payment Date is set forth in the Certificate
prepared in accordance with Section 5.2(a) of the Agreement and additional
information specific to Series 1993-4 Certificates is set forth below in
accordance with section 4.2 of the Series 1993-4 Supplement to the
Agreement. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Investor Certificate of Series 1993-4.
Certain other information is presented based on the aggregate amounts for the
Trust as a whole. All capitalized terms used herein shall have their
respective meanings set forth in the Agreement.
1. The total amount of the distribution on the Payment Date per $1000
original principal amount of the Investor Certificates 5.385417
2. The amount of the distribution set forth in paragraph 1 above in
respect of principal, per $1,000 original principal amount of
the Investor Certificates 0.000000
3. The amount of distribution set forth in paragraph 1 above in
respect of interest, per $1,000 original principal amount of
the Investor Certificates 5.385417
4. The aggregate amount of Collections of Receivables processed
for the prior Monthly Period which were allocated in respect
of the Investor Certificates $51,516,979.52
5. The aggregate amount of Collections of Principal Receivables
processed during the prior Monthly Period and allocated
in respect of the Investor Certificates $44,105,850.48
6. The aggregate amount of Collections of Finance Charge Receivables
processed during the prior Monthly Period and allocated
in respect of the Investor Certificates $6,616,099.00
7. The Investor Charged-Off Amount for the prior
Monthly Period is $2,649,578.19
<PAGE> 14
8. The aggregate amount of the Reduction Amounts for Series 1993-4
for the Monthly Period is $0.00
9 The aggregate amount of the Reduction Amounts for Series 1993-4
reimbursed on such Payment Date is $0.00
10. The amount of the Monthly Investor Servicing Fee for
the prior Monthly Period is $666,666.67
11. The Pool Factor as of the end of the last day of
the prior Monthly Period is 1.00
12. The amount, if any, by which the outstanding principal balance of
the Investor Certificates exceeds the Investor Amount as of
the end of the day on the Record Date with respect to
such Payment Date (after giving effect to any activity
on such Payment Date) is $0.00
13. The Investor Amount after giving effect to any
payments on such Payment Date is $400,000,000.00
14. The Invested Amount after giving effect to
payments on such Payment Date is $400,000,000.00
15. The Pre-Funded Amount after giving effect to payments
on such Payment Date is $0.00
16. The Cash Collateral Guaranty Amount as of the close
of business on the Payment Date is $52,000,000.00
17. The amount by which the Net Portfolio Yield for such
Monthly Period exceeds the Base Rate for the related
Investor Interest Period 5.82%
18. The aggregate existing Carryover Controlled Amortization
Amount with respect to Series 1993-4 (after giving
effect to any activity on such Payment Date) is $0.00
19. The Investor Percentage with respect to
Principal Receivables is 29.54%
and with respect to Finance Charge Receivables is 29.54%
<PAGE> 15
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90, 120, 150
and 180 or more days delinquent as of the end of the prior Monthly Period for
such Payment Date is:
AGGREGATE ACCOUNT BALANCE
(a) 30-59 days: .................... $21,947,577.21
(b) 60-89 days: .................... $12,589,376.78
(c) 90-119 days: ................... $9,431,569.11
(d) 120-149 days: .................. $8,581,349.84
(e) 150-179 days: .................. $6,980,180.42
(f) 180 or more days: .............. $1,927,392.78
----------------
TOTAL $61,457,446.14
ADVANTA NATIONAL BANK (formerly known as Advanta National Bank USA),
as Servicer
/s/ MICHAEL COCO
---------------------------
By: Michael Coco
Vice President
