Exhibit 21.1
ASSET-BACKED FINANCING FACILITY
ADVANTA BANK CORP.
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: OCTOBER 1, 2002 - OCTOBER 31, 2002
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SETTLEMENT DATE: 15-NOV-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 ................................................... $ 89,076,126.42
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(b.) Contract Principal Balance of all Collections allocable to Contracts ............................. $ 6,321,842.39
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(c.) Contract Principal Balance of Charged-Off Contracts .............................................. $ 471,045.85
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(d.) Ending Aggregate Contract Principal Balance of all Contracts
as of this Settlement Date ....................................................................... 82,283,238.18
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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) 0.1057496 $ 34,810,328.67
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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 0.4113578 $ 34,810,328.67
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.1789686 $ 5,049,598.04
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(g.) Ending Class C Principal Balance as of this
Settlement Date (Class C Note Factor) 0.1787397 $ 3,362,093.30
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(h.) Ending Class D Principal Balance as of this
Settlement Date (Class D Note Factor) 0.1784187 $ 1,678,027.65
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(i.) Ending Class E Principal Balance as of this
Settlement Date (Class E Note Factor) 0.3136376 $ 7,374,248.05
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(j.) Ending Class F Principal Balance as of this
Settlement Date (Class F Note Factor) 0.1749767 $ 10,697,116.63
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(k.) Excess Aggregate Contract Principal Balance over
the sum of the Class A through F Principal Balances $ 19,311,825.84
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II. COMPLIANCE RATIOS:
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .................................... $ 89,376,374.98
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(b.) CBR of Contracts 1 - 30 days delinquent .......................................................... $ 10,088,788.55
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(c.) % of Delinquent Contracts 1 - 30 days as of the related Calculation Date ......................... 11.29%
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(d.) CBR of Contracts 31 - 60 days delinquent ......................................................... $ 2,780,920.19
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(e.) % of Delinquent Contracts 31 - 60 days as of the related Calculation Date ........................ 3.11%
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(f.) CBR of Contracts 61 - 90 days delinquent ......................................................... $ 1,649,314.39
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(g.) % of Delinquent Contracts 61 - 90 days as of the related Calculation Date ........................ 1.85%
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(h.) CBR of Contracts > 91 days delinquent ............................................................ $ 1,384,786.23
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(i.) % of Delinquent Contracts > 91 days as of the related Calculation Date ........................... 1.55%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ..................... 6.51%
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(j2.) Month 2: Sep-02 ............................................................................ 7.02%
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(j3.) Month 3: Aug-02 ............................................................................ 6.40%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more ............................ 6.64%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) ........................... 1.85%
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(k2.) Month 2: Sep-02 ............................................................................ 2.64%
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(k3.) Month 3: Aug-02 ............................................................................ 2.63%
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(k4.) Three month rolling average % for Defaulted Contracts ............................................ 2.37%
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(l1.) Cumulative Net Loss Percentage ................................................................... 7.2537%
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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 ........................................................................... YES
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(m5.) Is there currently a Trigger Event which has not been
cured for this payment date...Y or N ............................................................. YES
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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 ......................................................... $ 7,976,036.27
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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) ....................................................... $ 7,976,036.27
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(4.) Funds to the servicer, any Excluded Amounts-Residual
Receipts ......................................................................................... $ 489,268.50
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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 ........................................................................... $ 247,069.39
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(c.) To the Servicer, the servicing fee then due and
miscellaneous amounts, if any .................................................................... $ 74,230.11
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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 .......................................................................... $ 256,965.25
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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 .................................... $ 256,965.25
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(e.) Interest on Class B Notes for the related interest accrual period ................................ $ 31,851.24
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(f.) Interest on Class C Notes for the related interest accrual period ................................ $ 21,557.65
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(g.) Interest on Class D Notes for the related interest accrual period ................................ $ 11,221.49
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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 .............................................................. $ 62,988.37
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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 ................... $ 6,780,884.27
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(i5.) To Class A, the additional principal, if any, allocable from
Class E interest amount .................................................... $ 50,691.09
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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) ................................ $ 6,831,575.35
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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 ........................................... $ 6,831,575.35
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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 ................... $ --
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(j5.) To Class B, the additional principal, if any, allocable from
Class E interest amount .................................................... $ 6,154.42
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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) ........................................... $ 6,154.42
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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 .......................... 0.00
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(k4.) To Class C, the Class C monthly principal payment amount ................... $ --
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(k5.) To Class C, the additional principal, if any, allocable from
Class E interest amount .................................................... $ 4,097.70
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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) ........................................... $ 4,097.70
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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 .......................... 0.00
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(l4.) To Class D, the Class D monthly principal payment amount ................... $ --
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(l5.) To Class D, the additional principal, if any, allocable from ...............
Class E interest amount $ 2,045.16
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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) ........................................... $ 2,045.16
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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 .......................... 0.00
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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 ................... $ 7,976,036.22
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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 .......................................................... $ 11,580,213.84
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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 ............................................. $ 0.01
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of
the Collection Period ............................................................................ $ 2,098,728.78
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(b.) Servicer Advances reimbursed during the Collection Period ........................................ $ 75,013.11
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date .................................................................................. $ 247,069.39
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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 ........................................................................................... $ 1,776,646.28
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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 ................................................................. $ 1,276,123.93
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(b.) Add: Amount of Advance Payments collected during the related Collection Period . .................... $ 985,626.45
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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 ......................... $ 1,067,534.64
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(e.) Ending aggregate Advance Payments .................................................................... $ 1,194,215.74
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ADVANTA BANK CORP., AS SERVICER
BY: /s/ MARK SHAPIRO
TITLE: Asst V.P. Structured Finance
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DATE: 11/12/02
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