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Exhibit 21.1
ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: June 1, 2001 - June 30, 2001
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SETTLEMENT DATE: 16-Jul-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 .......................... $21,432,290.66
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(b.) Contract Principal Balance of all Collections allocable to Contracts .... $ 1,850,865.34
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(c.) Contract Principal Balance of Charged-Off Contracts ..................... $ 247,172.96
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of this
Settlement Date ......................................................... $19,334,252.36
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.1574479 ............... $15,567,839.77
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(e1.) Ending Class A-1 Principal Balance 0.0000000 ............... $ -
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(e2.) Ending Class A-2 Principal Balance 0.1590126 ............... $ 6,122,131.77
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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) 0.3246910 ............... $ 3,766,412.59
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ........... $20,791,914.25
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(b.) CBR of Contracts 1 - 30 days delinquent ................................. $ 2,419,482.08
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(c.) % of Delinquent Contracts 1 - 30 days as of the related Calculation
Date ................................................................... 11.64%
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(d.) CBR of Contracts 31 - 60 days delinquent ................................ $ 590,488.27
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation
Date ................................................................... 2.84%
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(f.) CBR of Contracts 61 - 90 days delinquent ................................ $ 426,658.23
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(g.) % of Delinquent Contracts 61 - 90 days as of the related Calculation
Date ................................................................... 2.05%
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(h.) CBR of Contracts > 91 days delinquent ................................... $ 364,100.58
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation
Date ................................................................... 1.75%
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(j1.) % of Delinquent Contracts 31 days or more as of the related
Calculation Date ........................................................ 6.64%
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(j2.) Month 2: May-01 .................................................... 7.81%
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(j3.) Month 3: Apr-01 .................................................... 7.73%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more ... 7.39%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) .. 7.37%
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(k2.) Month 2: May-01 .................................................... 0.66%
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(k3.) Month 3: Apr-01 .................................................... 0.88%
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(k4.) Three month rolling average % for Defaulted Contracts ................... 2.97%
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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 .................. 126.20%
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(m2.) Month 2: May-01 .................................................... 127.91%
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(m3.) Month 3: Apr-01 .................................................... 118.53%
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(m4.) Three month rolling average Residual Realization Ratio .................. 124.21%
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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 ................................ $ 2,460,866.94
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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 .............................................. $ 2,460,866.94
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid
Balance ................................................................. $ 21,760.40
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any .... $ 17,860.24
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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 ......................................... $ 97,536.24
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Interest on Class A-1 Notes .................................. $ -
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Interest on Class A-2 Notes .................................. $ 43,223.42
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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 ........................ $ 25,294.28
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment ...................... $ 1,689,329.53
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Principal Payment to Class A-1 Noteholders ................... $ -
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Principal Payment to Class A-2 Noteholders ................... $ 1,689,329.53
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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 ........................................................... $ 408,708.77
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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") .................................................... $ 200,377.48
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the
Collection Period ....................................................... $ 600,023.74
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(b.) Servicer Advances reimbursed during the Collection Period ............... $ 32,147.27
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ......................................................... $ 21,760.40
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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 .................................................................. $ 546,116.07
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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 ..... $ 1,104,761.18
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(b.) Amount of interest earnings reinvested for the related Monthly Period ... $ 3,854.08
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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 ............ $ 1,108,615.26
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(f.) Required Reserve Amount needed as of the related Collection Period ...... $ 1,104,761.18
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(g1.) If (e) above is greater than (f), then excess amount to be
transferred to the Series Obligors ...................................... $ 3,854.08
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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 .................................... $ 425,373.42
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(b.) Add: Amount of Advance Payments collected during the related
Collection Period ....................................................... $ 208,840.32
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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 ........................................................ $ 274,375.16
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(e.) Ending aggregate Advance Payments ....................................... $ 359,838.58
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ Mark Shapiro
TITLE: Asst. Treasurer
DATE: 07/11/01
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