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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: February 1, 2000 - February 29, 2000
SETTLEMENT DATE: 15-Mar-00
A. SERIES INFORMATION
ADVANTA LEASING RECEIVABLES CORP. VIII and
ADVANTA LEASING RECEIVABLES CORP. IX
EQUIPMENT RECEIVABLES ASSET-BACKED NOTES,
SERIES 1999-1
I. SERIES INFORMATION INCLUDING PLEDGED PROPERTY CONVEYED
(a.) Beginning Aggregate Contract Principal Balance ........................ $ 76,995,312.19
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(b.) Contract Principal Balance of all Collections allocable to
Contracts ............................................................ $ 4,647,460.56
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(c.) Contract Principal Balance of Charged-Off Contracts ................... $ 213,373.21
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(e.) Ending Aggregate Contract Principal Balance of all Contracts
as of this Settlement Date ........................................... $ 72,134,478.42
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.6118750 $ 60,499,830.60
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(e1.) Ending Class A-1 Principal Balance 0.2464819 $ 12,553,195.60
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(e2.) Ending Class A-2 Principal Balance 1.0000000 $ 38,500,927.00
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(e3.) Ending Class A-3 Principal Balance 1.0000000 $ 9,445,708.00
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 1.0000000 $ 11,599,991.00
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all
Contracts ............................................................ $ 79,242,030.47
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(b.) CBR of Contracts 1 - 30 days delinquent ............................... $ 5,468,991.60
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(c.) % of Delinquent Contracts 1- 30 days as of the related
Calculation Date .................................................... 6.90%
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(d.) CBR of Contracts 31 - 60 days delinquent .............................. $ 4,033,487.22
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(e.) % of Delinquent Contracts 31- 60 days as of the related
Calculation Date .................................................... 5.09%
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(f.) CBR of Contracts 61 - 90 days delinquent ............................. $ 2,456,664.50
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(g.) % of Delinquent Contracts 61 - 90 days as of the related
Calculation Date .................................................... 3.10%
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(h.) CBR of Contracts 91 - 120 days delinquent ............................. $ 1,973,996.25
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(i.) % of Delinquent Contracts 91 - 120 days as of the related
Calculation Date .................................................... 2.49%
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(j1.) % of Delinquent Contracts 31 days or more as of the related
Calculation Date ..................................................... 10.68%
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(j2.) Month 2: Jan-00 (1) ........................................ 10.69%
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(j3.) Month 3: Dec-99 ............................................ 9.14%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days
or more .............................................................. 10.17%
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(k1.) Net Charge-Off % for the related Collection Period (annualized
30/360) .............................................................. 2.07%
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(k2.) Month 2: Jan-00 ............................................ 1.81%
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(k3.) Month 3: Dec-99 ............................................ 2.92%
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(k4.) Three month rolling average % for Defaulted Contracts ................. 2.27%
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Does the Cumulative Loss % exceed
(l1.) The Loss Trigger Level % from Beginning Period to and including
12th Collection Period? Y or N ...................................... NO
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(l2.) The Loss Trigger Level % from 13th Collection Period to and
including 24th Collection Period? Y or N ............................. n/a
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(l3.) The Loss Trigger Level % from 25th Collection Period and
thereafter? Y or N .................................................. n/a
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(m1.) Residual Realization for the related Collection Period ................ 123.97%
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(m2.) Month 2: Jan-00 ............................................ 124.77%
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(m3.) Month 3: Dec-99 ............................................ 130.05%
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(m4.) Three month rolling average Residual Realization Ratio ................ 126.26%
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(n.) Does the three month rolling Residual Realization ratio
exceed 100% Y or N ................................................... YES
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III. FLOW OF FUNDS
(1.) The amount on deposit in Available Funds .............................. $ 5,535,512.50
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(2.) The prepayment amounts deposited, if any, by the Issuers'
to the Collection Account for removal of defaulted contracts ......... $ -
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(3.) Total deposits in the Collection Account to be used as
available funds on this Payment Date ................................. $ 5,535,512.50
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial
Unpaid Balance ....................................................... $ 50.91
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(b.) To the Servicer, the Servicing Fee and miscellaneous
amounts, if any ...................................................... $ 64,162.76
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To Series 1999-1 Noteholders:
(c.) To Class A, the total Class A Note Interest and Class A
Overdue Interest for the related period .............................. $ 348,245.53
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Interest on Class A-1 Notes ....................... $ 80,894.24
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Interest on Class A-2 Notes ....................... $ 213,038.46
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Interest on Class A-3 Notes ....................... $ 54,312.82
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(d.) Interest on Class B Notes for the related period ...................... $ 70,276.61
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment .................... $ 4,860,833.77
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Principal Payment to Class A-1 Noteholders ........ $ 4,860,833.77
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Principal Payment to Class A-2 Noteholders ........ $ -
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Principal Payment to Class A-3 Noteholders ........ $ -
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To Class B for applicable Principal Payment to the extent
of the Class B Floor ................................................. $ -
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(f.) To the Reserve Account:
The amount needed to increase the amount in the Reserve
Account to the Required Reserve ...................................... $ 191,942.92
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(g.) Upon the occurrence of a Residual Event the lesser of:
(A) the remaining Available Funds and ................................. $ -
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(B) the aggregate amount of Residual Receipts included
in Available Funds ................................................... $ -
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To be deposited to the Residual Account ............................... $ -
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(h.) To the Issuers, as owner of the Pledged Assets, any
remaining Available Funds on deposit in the Collection
Account (the "Issuers' Interest") .................................... $ (0.00)
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning
of the Collection Period ............................................. $ 1,838,363.05
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(b.) Servicer Advances reimbursed during the Collection Period ............. $ 44,526.59
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(c.) Amount of unreimbursed Service Advances to be reimbursed
on the Settlement Date ............................................... $ -
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(d.) Servicer Advances made during the related Collection
Period ............................................................... $ 18,789.46
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(e.) Aggregate amount of Servicer Advances at the end of
the Collection Period ................................................ $ 1,812,625.92
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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 .................................................... $ 1,778,605.74
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(b.) Amount of interest earnings reinvested for the related
Monthly Period ....................................................... $ 7,776.92
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(c.) Amounts used to cover shortfalls, if any, for the related
Collection Period .................................................... $ -
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(d.) Amounts transferred from the Collection Account, if
applicable ........................................................... $ 191,942.92
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(e.) Balance remaining before calculating Required Reserve
Amount ............................................................... $ 1,978,325.58
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(f.) Required Reserve Amount needed as of the related
Collection Period .................................................... $ 3,604,991.08
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(g1.) If (d) above is greater than (e), then excess amount to be
transferred to the Series Obligors ................................... $ -
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(g2.) If (e) is greater than (d), then amount of shortfall .................. $ 1,626,665.50
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(h.) Amounts on deposit at the end of the related Collection
Period (e minus g1) .................................................. $ 1,978,325.58
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(i.) Is the Required Reserve Amount equal to the balance in the
Reserve Account as of the related Collection period? Y or N .......... NO
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VI. RESIDUAL ACCOUNT
(a.) Amount on deposit at the beginning of the related
Collection Period .................................................... $ -
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(b.) Amounts transferred from the Collection Account ....................... $ -
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(c.) Amounts used to cover shortfalls for the related
Collection Period .................................................... $ -
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(d.) Amount on deposit at the end of the related
Collection Period .................................................... $ -
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VII. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments .................................. $ 946,418.31
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(b.) Add: Amount of Advance Payments collected during the
related Collection Period ............................................ $ 698,368.24
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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 ................................................ $ 677,505.67
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(e.) Ending aggregate Advance Payments ..................................... $ 967,280.88
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ John Paris
TITLE: SR VP
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DATE: 03/10/00
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