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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: April 1, 2001 - April 30, 2001
SETTLEMENT DATE: 15-May-01
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 ....................................................... $ 25,863,842.99
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(b.) Contract Principal Balance of all Collections allocable to Contracts ................................. $ 2,215,914.49
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(c.) Contract Principal Balance of Charged-Off Contracts .................................................. $ 158,748.18
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of
this Settlement Date ............................................................................... $ 23,489,180.32
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.1912834 $ 18,913,366.16
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(e1.)Ending Class A-1 Principal Balance 0.0000000 $ -
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(e2.)Ending Class A-2 Principal Balance 0.2459073 $ 9,467,658.16
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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) 0.3944670 $ 4,575,814.16
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ......................................... $25,196,204.78
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(b.) CBR of Contracts 1 - 30 days delinquent ............................................................... $ 2,612,499.53
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(c.) % of Delinquent Contracts 1 - 30 days as of the related Calculation Date ............................. 10.37%
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(d.) CBR of Contracts 31 - 60 days delinquent .............................................................. $ 997,504.10
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(e.) % of Delinquent Contracts 31 - 60 days as of the related Calculation Date ............................ 3.96%
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(f.) CBR of Contracts 61 - 90 days delinquent .............................................................. $ 531,802.21
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(g.) % of Delinquent Contracts 61 - 90 days as of the related Calculation Date ............................ 2.11%
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(h.) CBR of Contracts > 91 days delinquent ................................................................. $ 418,976.96
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ............................... 1.66%
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(j1.)% of Delinquent Contracts 31 days or more as of the related Calculation Date .......................... 7.73%
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(j2.)Month 2: Mar-01 ..................................................................................... 7.83%
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(j3.)Month 3: Feb-01 ..................................................................................... 8.72%
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(j4.)Three month rolling average % of Delinquent Contracts 31 days or more ................................. 8.09%
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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: Mar-01 ..................................................................................... 0.00%
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(k3.)Month 3: Feb-01 ..................................................................................... 0.00%
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(k4.)Three month rolling average % for Defaulted Contracts ................................................. 0.29%
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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 ................................................ 118.53%
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(m2.)Month 2: Mar-01 ...................................................................................... 130.06%
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(m3.)Month 3: Feb-01 ...................................................................................... 121.51%
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(m4.)Three month rolling average Residual Realization Ratio ................................................ 123.37%
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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 ............................................................ $ 2,946,862.98
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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 ................................................................................ $ 2,946,862.98
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance ........................... $ 37,520.33
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any ................................ $ 21,553.20
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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 ................................................................... $ 117,280.63
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Interest on Class A-1 Notes ................................................... $ -
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Interest on Class A-2 Notes ................................................... $ 62,967.81
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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 .................................................... $ 30,524.37
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(e.) To Series 1999-1Noteholders:
To Class A, the total applicable Principal Payment .................................................. $ 1,912,066.10
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Principal Payment to Class A-1 Noteholders ..................................... $ -
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Principal Payment to Class A-2 Noteholders ..................................... $ 1,912,066.10
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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 ........................................................................................... $ 462,596.57
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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") ........................................................ $ 365,321.79
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period ..................... $ 703,922.76
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(b.) Servicer Advances reimbursed during the Collection Period ........................................... $ 32,360.88
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ..................................................................................... $ 37,520.33
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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 .............................................................................................. $ 634,041.55
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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 ................................. $1,293,192.15
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(b.) Amount of interest earnings reinvested for the related Monthly Period ............................... $ 5,544.75
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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 ........................................ $1,298,736.90
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(f.) Required Reserve Amount needed as of the related Collection Period .................................. $1,174,459.02
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(g1.)If (e) above is greater than (f), then excess amount to be transferred to the Series Obligors ....... $ 124,277.88
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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) ......................... $1,174,459.02
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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 .................................................................. $ 574,914.48
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(b.) Add: Amount of Advance Payments collected during the related Collection Period ....................... $ 289,371.19
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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 .......................... $ 339,176.06
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(e.) Ending aggregate Advance Payments ..................................................................... $ 525,109.61
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ Mark Shapiro
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TITLE: Asst Treasurer
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DATE: 05/10/01
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