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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: August 1, 1999 - August 31, 1999
SETTLEMENT DATE: 15-Sep-99
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 .............................................. $ 110,476,118.00
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(b.) Contract Principal Balance of all Collections allocable to
Contracts ................................................................................... $ 5,725,892.21
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(c.) Contract Principal Balance of Charged-Off Contracts ......................................... $ 28,976.68
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(e.) Ending Aggregate Contract Principal Balance of all Contracts
as of this Settlement Date .................................................................. $ 104,721,249.11
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.9414467 $ 93,086,601.29
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(e1.) Ending Class A-1 Principal Balance 0.8863228 $ 45,139,966.29
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(e2.) Ending Class A-2 Principal Balance 1.0000000 $ 38,500,927.00
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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) 1.0000000 $ 11,599,991.00
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts ............................... $ 115,146,992.35
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(b.) CBR of Contracts 1 - 30 days delinquent ..................................................... $ 10,424,523.09
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(c.) % of Delinquent Contracts 1 - 30 days as of the related
Calculation Date ........................................................................... 9.05%
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(d.) CBR of Contracts 31 - 60 days delinquent .................................................... $ 4,921,848.04
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(e.) % of Delinquent Contracts 31 - 60 days as of the related
Calculation Date ............................................................................ 4.27%
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(f.) CBR of Contracts 61 - 90 days delinquent .................................................... $ 2,155,966.74
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(g.) % of Delinquent Contracts 61 - 90 days as of the related
Calculation Date ............................................................................ 1.87%
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(h.) CBR of Contracts 91 - 120 days delinquent ................................................... $ 753,235.04
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(i.) % of Delinquent Contracts 91 - 120 days as of the related
Calculation Date ............................................................................ 0.65%
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(j1.) % of Delinquent Contracts 31 days or more as of the related
Calculation Date ............................................................................ 6.80%
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(j2.) Month 2: N/A..................................................(1) ................. n/a
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(j3.) Month 3: N/A ...................................................................... n/a
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(j4.) Three month rolling average % of Delinquent Contracts 31 days
or more ..................................................................................... n/a
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(k1.) Net Charge-Off % for the related Collection Period .......................................... 0.00%
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(k2.) Month 2: N/A ...................................................................... n/a
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(k3.) Month 3: N/A ...................................................................... n/a
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(k4.) Three month rolling average % for Defaulted Contracts ....................................... n/a
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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 ........................................................... NO
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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 ...................................................................... n/a
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(m1.) Residual Realization for the related Collection Period ...................................... 175.71%
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(m2.) Month 2: N/A ...................................................................... n/a
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(m3.) Month 3: N/A ...................................................................... n/a
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(m4.) Three month rolling average Residual Realization Ratio ...................................... n/a
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(n.) Does the three month rolling Residual Realization ratio exceed
100% Y or N ............................................................................. n/a
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III. FLOW OF FUNDS
(1.) The amount on deposit in Available Funds .................................................... $ 7,606,689.25
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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 ........................................................ $ 7,606,689.25
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial
Unpaid Balance .............................................................................. $ 1,028,686.10
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts,
if any ...................................................................................... $ 92,063.43
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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 ..................................................... $ 332,484.72
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Interest on Class A-1 Notes $ 163,162.24
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Interest on Class A-2 Notes $ 134,924.36
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Interest on Class A-3 Notes $ 34,398.12
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(d.) Interest on Class B Notes for the related period ............................................ $ 44,508.52
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment .......................................... $ 5,789,523.71
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Principal Payment to Class A-1 Noteholders $ 5,789,523.71
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Principal Payment to Class A-2 Noteholders $ -
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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 ........................................................................... $ -
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(f.) To the Reserve Account:
The amount needed to increase the amount in the Reserve Account
to the Required Reserve ..................................................................... $ 319,422.77
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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") ........................................................................ $ 0.00
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the
Collection Period ........................................................................... $ -
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(b.) Servicer Advances reimbursed during the Collection Period ................................... $ -
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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 ................................. $ 1,150,342.14
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(e.) Aggregate amount of Servicer Advances at the end of the
Collection Period ........................................................................... $ 1,150,342.14
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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 ...................................................................................... $ 1,104,761.16
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(b.) Amounts used to cover shortfalls, if any, for the related
Collection Period ........................................................................... $ -
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(c.) Amounts transferred from the Collection Account, if applicable .............................. $ 319,422.77
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(d.) Balance remaining before calculating Required Reserve Amount ................................ $ 1,424,183.93
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(e.) Required Reserve Amount needed as of the related Collection
Period ...................................................................................... $ 5,234,329.61
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(f1.) If (d) above is greater than (e), then excess amount to be
transferred to the Series Obligors .......................................................... $ -
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(f2.) If (e) is greater than (d), then amount of shortfall ........................................ $ 3,810,145.68
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(g.) Amounts on deposit at the end of the related Collection Period
(d minus f1) ................................................................................ $ 1,424,183.93
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(h.) Is the Required Reserve Amount equal to the balance in the
Reserve Account as of the related Collection period? Y or N ................................. NO
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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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ADVANTA BUSINESS SERVICES CORP., AS SERVICER
BY: /s/ John Paris
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TITLE: Sr. Vice President
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DATE: 10-Sep-99
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