ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: November 1, 2001 - November 30, 2001
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SETTLEMENT DATE: 17-Dec-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 ..................................... $13,374,142.51
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(b.) Contract Principal Balance of all Collections allocable to Contracts ............... $ 1,119,034.81
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(c.) Contract Principal Balance of Charged-Off Contracts ................................ $ 86,755.45
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement
Date ............................................................................... $12,168,352.25
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.0990926 $ 9,797,894.27
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ --
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(e2.) Ending Class A-2 Principal Balance 0.0091475 $ 352,186.27
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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) 0.2043500 $ 2,370,457.99
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ...................... $13,044,293.58
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(b.) CBR of Contracts 1 - 30 days delinquent ............................................ $ 1,746,256.14
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(c.) % of Delinquent Contracts 1 - 30 days as of the related Calculation Date ........... 13.39%
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(d.) CBR of Contracts 31 - 60 days delinquent ........................................... $ 540,432.08
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(e.) % of Delinquent Contracts 31 - 60 days as of the related Calculation Date .......... 4.14%
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(f.) CBR of Contracts 61 - 90 days delinquent ........................................... $ 421,912.49
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(g.) % of Delinquent Contracts 61 - 90 days as of the related Calculation Date .......... 3.23%
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(h.) CBR of Contracts > 91 days delinquent .............................................. $ 208,774.85
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ............. 1.60%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ....... 8.98%
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(j2.) Month 2: Oct-01 ............................................................. 9.69%
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(j3.) Month 3: Sep-01 ............................................................. 9.10%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more .............. 9.26%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) ............* 1.20%
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(k2.) Month 2: Oct-01 ............................................................. 0.00%
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(k3.) Month 3: Sep-01 ............................................................. 0.00%
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(k4.) Three month rolling average % for Defaulted Contracts .............................. 0.40%
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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 ......................................................... 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: Oct-01 ............................................................. 132.31%
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(m3.) Month 3: Sep-01 ............................................................. 127.38%
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(m4.) Three month rolling average Residual Realization Ratio ............................. 129.02%
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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 ........................................... $ 1,572,604.94
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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 ....................................................................... $ 1,572,604.94
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance .......... $ 6,133.46
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any ............... $ 11,145.12
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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 ..................................................................... $ 61,633.88
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Interest on Class A-1 Notes .............................................. $ --
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Interest on Class A-2 Notes .............................................. $ 7,321.06
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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 ................................... $ 15,784.09
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment ................................. $ 970,896.05
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Principal Payment to Class A-1 Noteholders ............................... $ --
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Principal Payment to Class A-2 Noteholders ............................... $ 970,896.05
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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 ..... $ 234,894.21
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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") ........................ $ 272,118.13
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period .... $ 401,285.27
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(b.) Servicer Advances reimbursed during the Collection Period .......................... $ 20,320.05
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the Settlement Date .... $ 6,133.46
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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 .......... $ 374,831.76
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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 .............. $ 2,256.86
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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 ....................... $ 1,107,018.04
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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 ........................................................................... $ 2,256.86
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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 ............................................... $ 230,050.25
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(b.) Add: Amount of Advance Payments collected during the related Collection Period .... $ 119,407.17
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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 ....... $ 152,860.40
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(e.) Ending aggregate Advance Payments .................................................. $ 196,597.02
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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: 12/12/01
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