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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: January 1, 2001 - January 31, 2001
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SETTLEMENT DATE: 15-Feb-01
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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 ......................................... $33,596,824.67
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(b.) Contract Principal Balance of all Collections allocable to Contracts ................... $ 2,599,808.96
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(c.) Contract Principal Balance of Charged-Off Contracts .................................... $ 128,467.94
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date $30,868,547.77
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.2513771 $24,855,194.66
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ --
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(e2.) Ending Class A-2 Principal Balance 0.4002368 $15,409,486.66
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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) 0.5183929 $ 6,013,353.09
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .......................... $33,257,503.13
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(b.) CBR of Contracts 1 - 30 days delinquent ................................................ $ 3,763,595.76
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(c.) % of Delinquent Contracts 1-30 days as of the related Calculation Date ................ 11.32%
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(d.) CBR of Contracts 31 - 60 days delinquent ............................................... $ 1,359,540.80
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(e.) % of Delinquent Contracts 31-60 days as of the related Calculation Date ............... 4.09%
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(f.) CBR of Contracts 61 - 90 days delinquent ............................................... $ 859,360.19
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(g.) % of Delinquent Contracts 61-90 days as of the related Calculation Date ............... 2.58%
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(h.) CBR of Contracts > 91 days delinquent .................................................. $ 490,950.40
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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 ........... 8.15%
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(j2.) Month 2: Dec-00 ...................................................................... 7.55%
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(j3.) Month 3: Nov-00 ...................................................................... 6.60%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more .................. 7.43%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) ................. 0.12%
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(k2.) Month 2: Dec-00 ...................................................................... 0.00%
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(k3.) Month 3: Nov-00 ...................................................................... 0.36%
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(k4.) Three month rolling average % for Defaulted Contracts .................................. 0.16%
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*Note: Current Month Net Charge-off % is negative 1.5434% reported as zero (December,
2000)
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 ................................. 123.53%
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(m2.) Month 2: Dec-00 ...................................................................... 124.13%
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(m3.) Month 3: Nov-00 ...................................................................... 125.21%
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(m4.) Three month rolling average Residual Realization Ratio ................................. 124.29%
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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 ............................................... $ 3,274,482.95
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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 ................................................................................... $ 3,274,482.95
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance .............. $ 39,000.09
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any ................... $ 27,997.35
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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 ................................................................................. $ 151,734.24
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Interest on Class A-1 Notes ............................................ $ --
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Interest on Class A-2 Notes ............................................ $ 97,421.42
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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 ....................................... $ 39,650.80
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment ..................................... $ 2,196,794.46
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Principal Payment to Class A-1 Noteholders ............................. $ --
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Principal Payment to Class A-2 Noteholders ............................. $ 2,196,794.46
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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 ......... $ 531,482.45
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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") .................................... $ 287,823.56
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period ........ $ 879,258.41
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(b.) Servicer Advances reimbursed during the Collection Period .............................. $ 34,156.13
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ........................................................................ $ 39,000.09
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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 ................................................................................. $ 806,102.19
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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 .................... $ 1,679,841.23
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(b.) Amount of interest earnings reinvested for the related Monthly Period .................. $ 9,320.22
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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 ........................... $ 1,689,161.45
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(f.) Required Reserve Amount needed as of the related Collection Period ..................... $ 1,543,427.39
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(g1.) If (e) above is greater than (f), then excess amount to be transferred to the Series
Obligors ............................................................................... $ 145,734.06
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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) ............ $ 1,543,427.39
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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 ................................................... $ 495,910.33
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(b.) Add: Amount of Advance Payments collected during the related Collection Period ........ $ 389,038.34
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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 ........... $ 274,457.12
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(e.) Ending aggregate Advance Payments ...................................................... $ 610,491.55
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ Mark Shapiro
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TITLE: Assistant Treasurer
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DATE: 2/9/01
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