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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: November 1, 2000 - November 30, 2000
SETTLEMENT DATE: 15-Dec-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 $39,518,949.00
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(b.) Contract Principal Balance of all Collections allocable to
Contracts $ 2,959,357.92
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(c.) Contract Principal Balance of Charged-Off Contracts $ 109,963.65
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(e.) Ending Aggregate Contract Principal Balance of all Contracts
as of this Settlement Date $36,449,627.43
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.2968265 $29,349,051.15
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ -
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(e2.) Ending Class A-2 Principal Balance 0.5169575 $19,903,343.15
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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) 0.6121191 $ 7,100,576.26
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts $39,378,933.29
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(b.) CBR of Contracts 1 - 30 days delinquent $ 4,541,463.35
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(c.) % of Delinquent Contracts 1 - 30 days as of the related
Calculation Date 11.53%
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(d.) CBR of Contracts 31 - 60 days delinquent $ 1,527,741.16
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(e.) % of Delinquent Contracts 31 - 60 days as of the related
Calculation Date 3.88%
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(f.) CBR of Contracts 61 - 90 days delinquent $ 738,545.01
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(g.) % of Delinquent Contracts 61 - 90 days as of the related
Calculation Date 1.88%
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(h.) CBR of Contracts > 91 days delinquent $ 334,035.48
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(i.) % of Delinquent Contracts > 91 days as of the related
Calculation Date 0.85%
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(j1.) % of Delinquent Contracts 31 days or more as of the related
Calculation Date 6.60%
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(j2.) Month 2: Oct-00 6.08%
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(j3.) Month 3: Sep-00 7.66%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days
or more 6.78%
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(k1.) Net Charge-Off % for the related Collection Period (annualized
30/360) 0.36%
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(k2.) Month 2: Oct-00 2.77%
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(k3.) Month 3: Sep-00 6.16%
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(k4.) Three month rolling average % for Defaulted Contracts 3.10%
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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 n/a
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(l2.) The Loss Trigger Level % from 13th Collection Period to and
including 24th Collection Period? Y or N. NO
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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 125.21%
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(m2.) Month 2: Oct-00 121.12%
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(m3.) Month 3: Sep-00 130.54%
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(m4.) Three month rolling average Residual Realization Ratio 125.62%
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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 $ 3,692,519.12
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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 $ 3,692,519.12
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial
Unpaid Balance $ -
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts,
if any $ 32,932.46
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To Series 1999-1 Noteholders:
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(c.) To Class A, the total Class A Note Interest and Class A
Overdue Interest for the related period $ 178,119.74
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Interest on Class A-1 Notes $ -
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Interest on Class A-2 Notes $ 123,806.92
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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 $ 46,640.05
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(e.) To Series 1999-1 Noteholders:
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To Class A, the total applicable Principal Payment $ 2,471,401.87
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Principal Payment to Class A-1 Noteholders $ -
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Principal Payment to Class A-2 Noteholders $ 2,471,401.87
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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 $ 597,919.71
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(f.) To the Reserve Account:
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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:
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(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") $ 365,505.29
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the
Collection Period $ 776,685.35
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(b.) Servicer Advances reimbursed during the Collection Period $ 26,657.73
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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 $ 109,410.32
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(e.) Aggregate amount of Servicer Advances at the end of the
Collection Period $ 859,437.94
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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 $ 1,975,947.45
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(b.) Amount of interest earnings reinvested for the related Monthly
Period $ 10,935.39
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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 $ 1,986,882.84
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(f.) Required Reserve Amount needed as of the related Collection
Period $ 1,822,481.37
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(g1.) If (e) above is greater than (f), then excess amount to be
transferred to the Series Obligors $ 164,401.47
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(g2.) If (e) 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) $ 1,822,481.37
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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 $ 752,330.44
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(b.) Add: Amount of Advance Payments collected during the related Collection Period $ 353,428.75
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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 $ 500,743.99
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(e.) Ending aggregate Advance Payments $ 605,015.20
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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: 12/12/00
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