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ASSET-BACKED FINANCING FACILITY
ADVANTA BUSINESS SERVICES CORP., AS SERVICER
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: September 1, 1999 - September 30, 1999
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SETTLEMENT DATE: 15-Oct-99
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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 .. $ 104,721,249.11
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(b.) Contract Principal Balance of all Collections
allocable to Contracts .......................... $ 5,627,440.50
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(c.) Contract Principal Balance of Charged-Off
Contracts ....................................... $ 135,946.81
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(e.) Ending Aggregate Contract Principal Balance of
all Contracts as of this Settlement Date ........ $ 98,957,861.80
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) ........... 0.8831577 $ 87,323,213.98
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(e1.) Ending Class A-1 Principal Balance .............. 0.7731587 $ 39,376,578.98
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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 ................................ $ 109,047,533.88
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(b.) CBR of Contracts 1 - 30 days delinquent ......... $ 10,540,584.40
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(c.) % of Delinquent Contracts 1- 30 days as of
the related Calculation Date ................... 9.67%
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(d.) CBR of Contracts 31 - 60 days delinquent ........ $ 6,052,218.74
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(e.) % of Delinquent Contracts 31- 60 days as of
the related Calculation Date ................... 5.55%
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(f.) CBR of Contracts 61 - 90 days delinquent ........ $ 2,078,728.09
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(g.) % of Delinquent Contracts 61 - 90 days as of
the related Calculation Date ................... 1.91%
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(h.) CBR of Contracts 91 - 120 days delinquent ....... $ 1,090,071.38
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(i.) % of Delinquent Contracts 91 - 120 days as of
the related Calculation Date ................... 1.00%
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(j1.) % of Delinquent Contracts 31 days or more as
of the related Calculation Date ................. 8.46%
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(j2.) Month 2: Aug-99 ................................. 6.80%
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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 (annualized 30/360) ...................... 1.16%
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(k2.) Month 2: Aug-99 ................................. 0.03%
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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 .......................................... 127.07%
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(m2.) Month 2: Aug-99 ................................. 175.71%
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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 ......... $ 6,522,656.35
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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 .. $ 6,522,656.35
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(a.) To the Servicer, Unrecoverable Servicer
Advances / Initial Unpaid Balance ................ $ 21,364.19
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(b.) To the Servicer, the Servicing Fee and
miscellaneous amounts, if any .................... $ 87,267.71
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To Series 1999-1 Noteholders:
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(c.) To Class A, the total Class A Note Interest
and Class A Overdue Interest for the related
period. .......................................... $ 484,272.90
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Interest on Class A-1 Notes ................... $ 216,921.61
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Interest on Class A-2 Notes ................... $ 213,038.46
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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 ........................................... $ 70,276.61
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(e.) To Series 1999-1Noteholders:
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To Class A, the total applicable Principal
Payment .......................................... $ 5,763,387.31
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Principal Payment to Class A-1 Noteholders .... $ 5,763,387.31
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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 :
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The amount needed to increase the amount in
the Reserve Account to the Required Reserve ...... $ 96,087.63
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(g.) Upon the occurrence of a Residual Event
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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 ............... $ 1,150,342.14
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(b.) Servicer Advances reimbursed during the
Collection Period ................................ $ 25,334.02
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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 ................................ $ 478,899.41
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(e.) Aggregate amount of Servicer Advances at the
end of the Collection Period ..................... $ 1,603,907.53
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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 ........................ $ 1,425,110.52
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(b.) Amount of interest earnings reinvested for
the related Monthly Period ....................... $ 5,397.92
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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 ........................... $ 96,087.63
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(e.) Balance remaining before calculating Required
Reserve Amount ................................... $ 1,526,596.07
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(f.) Required Reserve Amount needed as of the
related Collection Period ........................ $ 4,946,160.25
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(g1.) If (d) above is greater than (e), then
excess amount to be transferred to the Series
Obligors ......................................... $ --
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(g2.) If (e) is greater than (d), then amount of
shortfall ........................................ $ 3,419,564.18
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(h.) Amounts on deposit at the end of the related
Collection Period (e minus g1) ................... $ 1,526,596.07
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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 ................ 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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VII. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments .................. $ 1,276,027.44
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(b.) Add: Amount of Advance Payments collected during
the related Collection Period ......................... $ 713,239.20
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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 ......................... $ 935,037.68
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(e.) Ending aggregate Advance Payments ..................... $ 1,054,228.96
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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: 11-Oct-99
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