ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: December 1, 2001 - December 31, 2001
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SETTLEMENT DATE: 15-Jan-02
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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 ................................................... $ 12,168,352.25
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(b.) Contract Principal Balance of all Collections allocable to Contracts ............................. $ 1,021,031.41
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(c.) Contract Principal Balance of Charged-Off Contracts .............................................. $ 136,139.19
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date. ......... $ 11,011,181.65
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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) 0.0896692 $ 8,866,146.52
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ -
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(e2.) Ending Class A-2 Principal Balance 0.0000000 $ -
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(e3.) Ending Class A-3 Principal Balance 0.9386429 $ 8,866,146.52
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.1849170 $ 2,145,035.14
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ................................... $ 11,809,239.19
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(b.) CBR of Contracts 1 - 30 days delinquent ......................................................... $ 1,672,812.72
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(c.) % of Delinquent Contracts 1 - 30 days as of the related Calculation Date ........................ 14.17%
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(d.) CBR of Contracts 31 - 60 days delinquent ........................................................ $ 711,386.68
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(e.) % of Delinquent Contracts 31 - 60 days as of the related Calculation Date ....................... 6.02%
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(f.) CBR of Contracts 61 - 90 days delinquent ........................................................ $ 258,084.54
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(g.) % of Delinquent Contracts 61 - 90 days as of the related Calculation Date ....................... 2.19%
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(h.) CBR of Contracts > 91 days delinquent ........................................................... $ 151,452.94
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ......................... 1.28%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date .................... 9.49%
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(j2.) Month 2: Nov-01 ........................................................................... 8.98%
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(j3.) Month 3: Oct-01 ........................................................................... 9.69%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more ........................... 9.39%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) .......................... 7.99%
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(k2.) Month 2: Nov-01 ........................................................................... 1.20%
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(k3.) Month 3: Oct-01 ........................................................................... 0.00%
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(k4.) Three month rolling average % for Defaulted Contracts ........................................... 3.06%
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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 .......................................... 138.21%
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(m2.) Month 2: Nov-01 ............................................................................. 127.38%
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(m3.) Month 3: Oct-01 ............................................................................. 132.31%
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(m4.) Three month rolling average Residual Realization Ratio .......................................... 132.63%
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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 .......................................................... $ 1,490,819.99
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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 ....... $ 1,490,819.99
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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 .............................. $ 10,140.29
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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 ............................................................................ $ 56,261.59
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Interest on Class A-1 Notes ................. $ -
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Interest on Class A-2 Notes ................. $ 1,948.76
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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 .................................................. $ 14,361.02
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment $ 931,747.75
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Principal Payment to Class A-1 Noteholders ... $ -
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Principal Payment to Class A-2 Noteholders ... $ 352,186.27
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Principal Payment to Class A-3 Noteholders ... $ 579,561.48
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To Class B for applicable Principal Payment to the extent of the Class B Floor .................... $ 225,422.85
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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:
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(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") ...................................................... $ 252,886.49
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period ................... $ 374,831.76
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(b.) Servicer Advances reimbursed during the Collection Period ......................................... $ 16,900.72
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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 ....................................... $ 12,195.87
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(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period ............................................................................................ $ 370,126.91
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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. ............................ $ 2,033.77
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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 ..................................... $ 1,106,794.95
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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 .... $ 2,033.77
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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 .............................................................. $ 196,597.02
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(b.) Add: Amount of Advance Payments collected during the related Collection Period ................... $ 118,395.12
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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 ...................... $ 142,189.17
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(e.) Ending aggregate Advance Payments ................................................................. $ 172,802.97
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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ Mark Shapiro
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TITLE: Asst. Treasurer
DATE: 01/10/02
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