ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: September 1, 2001 - September 30, 2001
SETTLEMENT DATE: 15-Oct-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 .......................................... $15,985,470.09
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(b.) Contract Principal Balance of all Collections allocable to Contracts .................... $ 1,325,209.10
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(c.) Contract Principal Balance of Charged-Off Contracts ..................................... $ 44,857.27
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date . $14,615,403.72
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.1190201 $11,768,247.39
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ --
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(e2.) Ending Class A-2 Principal Balance 0.0603242 $2,322,539.39
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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) 0.2454447 $ 2,847,156.34
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ........................... $15,746,976.59
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(b.) CBR of Contracts 1 - 30 days delinquent ................................................. $ 1,995,334.85
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(c.) % of Delinquent Contracts 1-30 days as of the related Calculation Date ................. 12.67%
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(d.) CBR of Contracts 31 - 60 days delinquent ................................................ $ 787,038.84
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(e.) % of Delinquent Contracts 31-60 days as of the related Calculation Date ................ 5.00%
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(f.) CBR of Contracts 61 - 90 days delinquent ................................................ $ 414,930.50
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(g.) % of Delinquent Contracts 61-90 days as of the related Calculation Date ................ 2.63%
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(h.) CBR of Contracts > 91 days delinquent ................................................... $ 230,224.01
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ................. 1.46%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ............ 9.10%
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(j2.) Month 2: Aug-01 .................................................................. 8.49%
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(j3.) Month 3: Jul-01 .................................................................. 7.95%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more ................... 8.51%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) .................. 0.00%
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(k2.) Month 2: Aug-01 .................................................................. 0.00%
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(k3.) Month 3: Jul-01 .................................................................. 0.00%
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(k4.) Three month rolling average % for Defaulted Contracts ................................... 0.00%
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*Note: Current Month Net Charge-off % is negative 4.2401% reported as zero (September,
2001)
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 .......................................................................... n/a
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(l3.) The Loss Trigger Level % from 25th Collection Period and thereafter? Y or N ........... NO
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(m1.) Residual Realization for the related Collection Period .................................. 127.38%
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(m2.) Month 2: Aug-01 .................................................................. 125.53%
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(m3.) Month 3: Jul-01 .................................................................. 119.71%
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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 ................................................ $ 2,018,313.98
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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 .................................................................................... $ 2,018,313.98
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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 .................... $ 13,321.23
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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 .................................................................................. $ 73,268.41
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Interest on Class A-1 Notes ................................................ $ --
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Interest on Class A-2 Notes ................................................ $ 18,955.59
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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 ........................................ $ 18,865.97
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment ...................................... $ 1,103,170.32
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Principal Payment to Class A-1 Noteholders ................................. $ --
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Principal Payment to Class A-2 Noteholders ................................. $1,103,170.32
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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 .......... $ 266,896.05
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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") ..................................... $ 542,792.00
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period ......... $ 443,722.90
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(b.) Servicer Advances reimbursed during the Collection Period ............................... $ 20,570.66
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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 ............................. $ 35,937.30
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(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period .................................................................................. $ 459,089.54
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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 ................... $ 2,990.09
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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 ............................ $ 1,107,751.27
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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 ................................................................................ $ 2,990.09
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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 .................................................... $ 308,840.25
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(b.) Add: Amount of Advance Payments collected during the related Collection Period ......... $ 119,125.33
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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 ............ $ 211,080.73
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(e.) Ending aggregate Advance Payments ....................................................... $ 216,884.85
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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: 10/10/01
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