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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: May 1, 2001 - May 31, 2001
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SETTLEMENT DATE: 15-Jun-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 . . . . . . . . . . . . . . . . . . . . . . . . $ 23,489,180.32
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(b.) Contract Principal Balance of all Collections allocable to Contracts . . . . . . . . . . . . . $ 1,936,846.26
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(c.) Contract Principal Balance of Charged-Off Contracts .. . . . . . . . . . . . . . . . . . . . . $ 120,043.40
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date. . . . $ 21,432,290.66
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BALANCES ON THIS SETTLEMENT DATE
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(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.1745332 $ 17,257,169.30
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ --
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(e2.) Ending Class A-2 Principal Balance 0.2028902 $ 7,811,461.30
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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) 0.3599245 $ 4,175,121.36
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ................................. $ 23,042,742.28
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(b.) CBR of Contracts 1 - 30 days delinquent........................................................ $ 2,306,175.60
(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date...................... 10.01%
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(d.) CBR of Contracts 31 - 60 days delinquent...................................................... $ 829,856.12
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date...................... 3.60%
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(f.) CBR of Contracts 61 - 90 days delinquent....................................................... $ 501,940.28
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(g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date...................... 2.18%
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(h.) CBR of Contracts > 91 days delinquent.......................................................... $ 468,738.53
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date........................ 2.03%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date................... 7.81%
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(j2.) Month 2: Apr-01................................................ 7.73%
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(j3.) Month 3: Mar-01................................................. 7.83%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more.......................... 7.79%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360)......................... 0.66%
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(k2.) Month 2: Apr-01................................................. 0.88%
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(k3.) Month 3: Mar-01................................................. 0.00%
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(k4.) Three month rolling average % for Defaulted Contracts.......................................... 0.51%
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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......................................... 127.91%
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(m2.) Month 2: Apr-01................................................. 118.53%
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(m3.) Month 3: Mar-01................................................. 130.06%
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(m4.) Three month rolling average Residual Realization Ratio......................................... 125.50%
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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....................................................... $ 2,592,808.69
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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.... $ 2,592,808.69
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(a.) To the Servicer, Unrecoverable Servicer Advances/Initial Unpaid Balance........................ $ 10,315.31
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any.......................... $ 19,574.32
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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 $ 106,700.53
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Interest on Class A-1 Notes......................... $ --
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Interest on Class A-2 Notes......................... $ 52,387.71
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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............................................... $ 27,721.81
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(e.) To Series 1999-1Noteholders:
To Class A, the total applicable Principal Payment............................................. $ 1,656,196.86
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Principal Payment to Class A-1 Noteholders.......... $ --
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Principal Payment to Class A-2 Noteholders.......... $ 1,656,196.86
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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................. $ 400,692.80
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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").................................................. $ 371,607.07
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period................ $ 634,041.55
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(b.) Servicer Advances reimbursed during the Collection Period...................................... $ 23,702.50
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date................................................................................ $ 10,315.31
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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......................................................................................... $ 600,023.74
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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............................ $ 1,174,459.02
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(b.) Amount of interest earnings reinvested for the related Monthly Period.......................... $ 4,671.87
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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................................... $ 1,179,130.89
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(f.) Required Reserve Amount needed as of the related Collection Period............................. $ 1,104,761.18
(g1.) If (e) above is greater than (f), then excess amount to be transferred to the Series Obligors . $ 74,369.71
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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).................... $ 1,104,761.18
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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.......................................................... $ 525,109.61
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(b.) Add: Amount of Advance Payments collected during the related Collection Period................ $ 246,424.46
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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.................. $ 346,160.65
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(e.) Ending aggregate Advance Payments.............................................................. $ 425,373.42
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ Mark Shapiro
TITLE: Asst. Treasurer
DATE: 06/12/01
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