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ASSET-BACKED FINANCING FACILITY
Advanta Business Services Corp., as Servicer
Monthly Servicer Certificate
Collection Period: July 1, 2000 - July 31, 2000
Settlement Date: 15-Aug-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........................................................ $ 53,913,937.61
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(b.) Contract Principal Balance of all Collections allocable to Contracts.................................. $ 3,580 598.74
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(c.) Contract Principal Balance of Charged-Off Contracts.................................................. $ 247,926.44
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of
this Settlement Date.................................................................................. $ 50,085,412.43
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Balances on this Settlement Date:
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.4078691 $ 40,326,514.75
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ -
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(e2.) Ending Class A-2 Principal Balance 0.8021315 $ 30,882,806.75
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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) 0.8411125 $ 9,756,897.68
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II. COMPLIANCE RATIOS:
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts......................................... $ 54,268,057.81
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(b.) CBR of Contracts 1 - 30 days delinquent............................................................... $ 5,180,075.11
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(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date.............................. 9.55%
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(d.) CBR of Contracts 31 - 60 days delinquent.............................................................. $ 2,157,041.29
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date............................. 3.97%
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(f.) CBR of Contracts 61 - 90 days delinquent.............................................................. $ 1,167,646.41
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(g.) % of Delinquent Contracts 61-90 days as of the related Calculation Date.............................. 2.15%
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(h.) CBR of Contracts > 91 days delinquent................................................................. $ 803,518.80
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date............................... 1.48%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date.......................... 7.61%
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(j2.) Month 2: Jun-00................................................................................ 7.66%
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(j3.) Month 3: May-00................................................................................ 8.77%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more................................. 6.01%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360)................................ 0.88%
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(k2.) Month 2: Jun-00................................................................................ 6.08%
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(k3.) Month 3: May-00................................................................................ 1.99%
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(k4.) Three month rolling average % for Defaulted Contracts................................................. 2.99%
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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............................................. 124.64%
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(m2.) Month 2: June-00 ............................................................................. 125.80%
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(m3.) Month 3: May-00 ............................................................................. 128.22%
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(m4.) Three month rolling average Residual Realization Ratio............................................... 126.22%
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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........................................................... $ 4,522,234.55
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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........ $ 4,522,234.55
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance........................... $ 60,061.25
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any............................... $ 44,928.28
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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.... $ 242,255.34
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Interest on Class A-1 Notes..................................... $ -
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Interest on Class A-2 Notes..................................... $ 187,942.52
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Interest on Class A-3 Notes..................................... $ 54,312.62
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(d.) Interest on Class B Notes for the related period................................................... $ 63,628.94
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment................................................. $ 3,082,708.68
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Principal Payment to Class A-1 Noteholders.................... $ -
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Principal Payment to Class A-2 Noteholders.................... $ 3,082,708.68
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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.................... $ 745,816.50
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(f.) To the Reserve Account :
The amount needed to increase the amount in the Reserve Account to the Required Reserve............ $ -
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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")...................................................... $ 282,835.56
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period.................... $ 1,106,040.05
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(b.) Servicer Advances reimbursed during the Collection Period.......................................... $ 28,734.10
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date.................................................................................... $ 60,061.25
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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............................................................................................. $ 1,017,244.70
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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................................ $ 2,695,696.88
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(b.) Amount of interest earnings reinvested for the related Monthly Period.............................. $ 14,921.15
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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.................................... $ -
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(e.) Balance remaining before calculating Required Reserve Amount....................................... $ 2,710,618.03
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(f.) Required Reserve Amount needed as of the related Collection Period................................. $ 2,504,270.62
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(g1.) If (e) above is greater than (f), then excess amount to be transferred to the Series Obligors...... $ 206,347.41
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(g2.) If (b) is greater than (d), then amount of shortfall...............................................
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(h.) Amounts on deposit at the end of the related Collection Period (e minus g1)........................ $ 2,504,270.62
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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........................................................ YES
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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............................................................. $ 857,472.89
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(b.) Add: Amount of Advance Payments collected during the related Collection Period................... $ 505,673.05
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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..................... $ 583,099.61
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(e.) Ending aggregate Advance Payments................................................................ $ 780,046.33
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ADVANTA BUSINESS SERVICES CORP., as Servicer
By: /s/ John Paris
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Title: SR VP
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Date: 08/10/00
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