ASSET-BACKED FINANCING FACILITY
Advanta Bank Corp.
Monthly Servicer Certificate
Collection Period: June 1, 2002 - June 30, 2002
Settlement Date: 15-Jul-02
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A. SERIES INFORMATION:
Advanta Equipment Leasing Receivables Series 2000-1 LLC
Series 2000-1
I. AGGREGATE CONTRACT PRINCIPAL BALANCE:
(a.) Beginning Aggregate Contract Principal Balance ......................................................$119,695,052.49
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(b.) Contract Principal Balance of all Collections allocable to Contracts ................................$ 7,511,478.96
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(c.) Contract Principal Balance of Charged-Off Contracts .................................................$ 653,918.66
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(d.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date .............$111,529,654.87
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Balances on this Payment Date: (after principal payments made for this related collection period)
(e.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.1748521 $ 57,557,297.34
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ 0.00
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(e2.) Ending Class A-2 Principal Balance 0.0000000 $ -
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(e3.) Ending Class A-3 Principal Balance 0.6801614 $57,557,297.34
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.2277374 $ 6,425,610.03
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(g.) Ending Class C Principal Balance as of this
Settlement Date (Class C Note Factor) 0.2275073 $ 4,279,412.14
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(h.) Ending Class D Principal Balance as of this
Settlement Date (Class D Note Factor) 0.3159760 $ 2,971,753.95
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(i.) Ending Class E Principal Balance as of this
Settlement Date (Class E Note Factor) 0.4343081 $ 10,211,451.01
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(j.) Ending Class F Principal Balance as of this
Settlement Date (Class F Note Factor) 0.2371695 $ 14,499,244.39
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(k.) Excess Aggregate Contract Principal Balance over the sum of the Class A
through F Principal Balances $ 15,584,886.01
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II. COMPLIANCE RATIOS:
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .......................................$122,416,085.61
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(b.) CBR of Contracts 1 - 30 days delinquent .............................................................$ 15,235,708.17
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(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date ............................ 12.45%
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(d.) CBR of Contracts 31 - 60 days delinquent ............................................................$ 4,158,698.44
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date ........................... 3.40%
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(f.) CBR of Contracts 61 - 90 days delinquent ............................................................$ 2,069,775.11
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(g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date ........................... 1.69%
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(h.) CBR of Contracts > 91 days delinquent ...............................................................$ 2,163,133.28
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ............................. 1.77%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ........................ 6.85%
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(j2.) Month 2: May-02 ...................................................................... 6.49%
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(j3.) Month 3: Apr-02 ...................................................................... 6.27%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more ............................... 6.54%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) .............................. 2.32%
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(k2.) Month 2: May-02 ...................................................................... 2.81%
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(k3.) Month 3: Apr-02 ...................................................................... 2.52%
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(k4.) Three month rolling average % for Defaulted Contracts ............................................... 2.55%
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(l1.) Cumulative Net Loss Percentage ..................................................................... 7.0443%
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(l2.) Does the Cumulative Net Loss % exceed ..............................................................
(l3.) The Loss Trigger Level % from Beginning Period to and including 12th
Collection Period ? ...Y or N .................................................................... N/A
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(l4.) The Loss Trigger Level % from 13th Collection Period to and including
24th Collection Period ? ...Y or N ............................................................... N/A
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(l5.) The Loss Trigger Level % from 25th Collection Period and thereafter?.. Y or N ...................... NO
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(m5.) Is there currently a Trigger Event which has not been cured for this payment date.....Y or N ....... NO
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(m5.) Is there currently an Event of Default for this payment date...........Y or N ...................... NO
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III. FLOW OF FUNDS:
(1.) The amount on deposit in Available Funds ........................................................... $ 9,081,990.66
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(2.) Amounts deposited, if any, by the Servicer to the Collection Account
for contracts repurchased ........................................................................ $ -
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(3.) Total deposits in the Collection Account to be used as available funds
on this Payment Date (1+2) ....................................................................... $ 9,081,990.66
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(4.) Funds to the servicer, any Excluded Amounts-Residual Receipts ...................................... $ 330,175.33
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(a.) To the Trustee, trustee fees and expenses subject to an annual limit ............................... -
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(b.) To the Servicer, any unrecoverable servicer advances / initial unpaid balance amounts .............. $ -
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(c.) To the Servicer, the servicing fee then due and miscellaneous amounts, if any ...................... $ 99,745.88
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To Series 2000-1 Noteholders including retained interest holders: Interest
(d.) To Class A, the total Class A Note Interest for the related interest accrual period ................ $ 390,876.98
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Interest on Class A-1 Notes ............................... $ -
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Interest on Class A-2 Notes ............................... $ -
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Interest on Class A-3 Notes ............................... $ 390,876.98
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(e.) Interest on Class B Notes for the related interest accrual period .................................. $ 43,615.76
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(f.) Interest on Class C Notes for the related interest accrual period .................................. $ 32,854.19
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(g.) Interest on Class D Notes for the related interest accrual period .................................. $ 26,691.17
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Class E Interest:
(h1.) After the Class E Notes Interest Commencement Date, then Interest on Class E Notes for the
related interest accrual period to be paid to the Class E Noteholder.............................. -
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(h2.) Prior to the Class E Notes Interest Commencement Date, then amount in (h1) from
above to be paid as additional principal pro rata among the Class A, Class B,
Class C and Class D Notes .................................................. $ 87,222.81
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To Series 2000-1 Noteholders including retained interest holders: Principal
(i1.) Class A percentage ........................................................... 0.699999
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(i2.) To Class A, amount from reserve account, if any ..............................
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(i3.) To Class A, the Class A overdue principal, if any ............................ -
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(i4.) To Class A, the Class A monthly principal payment amount ..................... $ 5,715,770.17
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(i5.) To Class A, the additional principal, if any, allocable from Class E
interest amount ............................................................ $ 69,590.35
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(i6.) To Class A, the additional principal, if any, allocable from Class F
floor amount ............................................................... -
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(i7.) Total principal payment to Class A (i2-i6) .................................. $ 5,785,360.52
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(i8.) Principal payment to Class A-1 Noteholders ...................................... $ -
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(i9.) Principal payment to Class A-2 Noteholders ...................................... $ -
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(i10.) Principal payment to Class A-3 Noteholders ...................................... $ 5,785,360.52
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(j1.) Class B percentage ........................................................... 0.0599996
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(j2.) To Class B, amount from reserve account, if any .............................. -
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(j3.) To Class B, the Class B overdue principal, if any ............................
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(j4.) To Class B, the Class B monthly principal payment amount ..................... $ 489,920.59
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(j5.) To Class B, the additional principal, if any, allocable from Class E
interest amount ............................................................ $ 7,605.99
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(j6.) To Class B, the additional principal, if any, allocable from Class F
floor amount ............................................................... -
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(j7.) Total principal payment to Class B Noteholders (j2-j6) ............................................. $ 497,526.58
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(k1.) Class C percentage ........................................................... 0.0399997
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(j2.) To Class C, amount from reserve account, if any .............................. -
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(k3.) To Class C, the Class C overdue principal, if any ............................ 518,466.23
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(k4.) To Class C, the Class C monthly principal payment amount ..................... $ 326,613.46
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(k5.) To Class C, the additional principal, if any, allocable from Class E
interest amount ........................................................... $ 5,636.13
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(k6.) To Class C, the additional principal, if any, allocable from Class F
floor amount ............................................................... -
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(k7.) Total principal payment to Class C Noteholders (k2-k6) ............................................. $ 850,715.81
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(l1.) Class D percentage ........................................................... 0.0199999
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(l2.) To Class D, amount from reserve account, if any .............................. -
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(l3.) To Class D, the Class D overdue principal, if any ............................ 856,730.96
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(l4.) To Class D, the Class D monthly principal payment amount ..................... $ 163,307.14
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(l5.) To Class D, the additional principal, if any, allocable from Class E
interest amount ............................................................ $ 4,390.34
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(l6.) To Class D, the additional principal, if any, allocable from Class F
floor amount ............................................................... -
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(l7.) Total principal payment to Class D Noteholders (l2-l6) ............................................. $ 1,024,428.44
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(m1.) Class E percentage ........................................................... 0.0499986
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(m2.) To Class E, amount from reserve account, if any ..............................
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(m3.) To Class E, the Class E overdue principal, if any ............................ -
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(m4.) To Class E, the Class E monthly principal payment amount ..................... $ -
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(m5.) To Class E, the additional principal, if any, allocable from Class F
floor amount ............................................................... -
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(m6.) Total principal payment to Class E Noteholders (m2-m5) ............................................. $ -
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To the Reserve Account :
(4.) The amount, if any, needed to maintain the amount in the reserve account
at the required reserve amount ................................................................... $ -
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Class F payments:
(n1.) Sub-Total of funds disbursed through the Reserve Account ..................... $ 9,081,990.66
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(n2.) Funds available to be paid to Class F ........................................ $ -
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(n3.) Class F percentage ........................................................... 0.1300032
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(n4.) Class F floor amount ......................................................... $ 9,405,070.31
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(n5.) Class F principal balance before payment of principal on this payment date ... $ 15,560,772.21
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(n6.) If Funds available to be paid to Class F (n2) is greater than $0, then payment
as follows:
(n7.) If principal balance (n5) is greater than Class F floor (n4) then to Class F
in an amount equal to the lesser of (a) Class F monthly principal amount until
the Class F principal balance has been reduced to the Class F floor amount and
(b) funds available .............................................................................. $ -
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(n8.) If Funds available to be paid to Class F (n2) is $0, then no payments to Class F and enter $0 ......
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To the Trustee:
(7.) To the Trustee, any fees and expenses not previously paid subject to a limit .......................
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To the Issuers:
(8.) To the issuers, as owner of the pledged assets, any remaining available funds on
deposit in the collection account after all payments are made above .............................. $ (0.00)
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period .................... $ 2,428,255.41
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(b.) Servicer Advances reimbursed during the Collection Period .......................................... $ 59,282.54
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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 ........................................ $ 78,781.45
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(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period ............................................................................................. $ 2,447,754.32
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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 ................................ $ -
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(b.) Reserve Account initial deposit ....................................................................
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(c.) Amount of interest earnings reinvested for the related Monthly Period .............................. $ -
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(d.) Amounts used to cover shortfalls, if any, for the related Collection Period ........................ 0.00
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(e.) Amounts used as required in a Trigger Event , if any, for the related Collection Period ............ $ -
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(f.) Amounts transferred in from the Collection Account, if applicable (line 4) ......................... $ -
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(g.) Interest earnings for the related Monthly Period ...................................................
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(h.) Interest earnings withdrawn and included as Available Funds for the related Monthly Period .........
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(i.) Amount on deposit at the end of the related Collection Period ...................................... $ -
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(j.) Is the Required Reserve Amount equal to the balance in the Reserve Account
as of the related Collection period ? Y or N ....................................................... N
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VI. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments ................................................................. $ 1,533,861.22
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(b.) Add: Amount of Advance Payments collected during the related Collection Period ...................... $ 1,164,857.92
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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 ......................... $ 1,254,287.52
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(e.) Ending aggregate Advance Payments .................................................................... $ 1,444,431.62
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Advanta Bank Corp., as Servicer
By: /s/ MARK SHAPIRO
Title: Asst V.P Structured Finance
Date: 07/10/02
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