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ASSET-BACKED FINANCING FACILITY
Advanta Business Services Corp., as Servicer
Monthly Servicer Certificate
Collection Period: October 1, 1999 - October 31, 1999
Settlement Date: 15-Nov-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 ......... $ 98,957,861.80
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(b.) Contract Principal Balance of all Collections
allocable to Contracts ................................. $ 5,515,701.29
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(c.) Contract Principal Balance of Charged-Off Contracts .... $ 280,005.70
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(e.) Ending Aggregate Contract Principal Balance of all
Contracts as of this Settlement Date ................... $ 93,162,154.81
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Balances on this Settlement Date
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) .................. 0.8245419 $ 81,527,506.99
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(e1.) Ending Class A-1 Principal Balance ..................... 0.6593601 $ 33,580,871.99
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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 .............................................. 102,581,440.87
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(b.) CBR of Contracts 1 - 30 days delinquent ................ $ 9,988,046.70
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(c.) % of Delinquent Contracts 1- 30 days as of the
related Calculation Date ............................... 9.74%
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(d.) CBR of Contracts 31 - 60 days delinquent ............... $ 4,908,047.89
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(e.) % of Delinquent Contracts 31- 60 days as of the
related Calculation Date ............................... 4.78%
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(f.) CBR of Contracts 61 - 90 days delinquent ............... $ 2,384,278.36
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(g.) % of Delinquent Contracts 61- 90 days as of the
related Calculation Date ............................... 2.32%
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(h.) CBR of Contracts 91 - 120 days delinquent .............. $ 1,303,676.90
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(i.) % of Delinquent Contracts 91- 120 days as of the
related Calculation Date ............................... 1.27%
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(j1.) % of Delinquent Contracts 31 days or more as of the
related Calculation Date ............................... 8.38%
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(j2.) Month 2: Sep-99 ..................... 8.46%
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(j3.) Month 3: Aug-99 ..................... 6.80%
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(j4.) Three month rolling average % of Delinquent
Contracts 31 days or more .............................. 7.88%
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(k1.) Net Charge-Off % for the related Collection Period
(annualized 30/360) .................................... 1.76%
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(k2.) Month 2: Sep-99 ..................... 1.16%
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(k3.) Month 3: Aug-99 ..................... 0.03%
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(k4.) Three month rolling average % for Defaulted Contracts .. 0.98%
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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.. 132.25%
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(m2.) Month 2: Sep-99 ..................... 127.07%
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(m3.) Month 3: Aug-99 ..................... 175.71%
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(m4.) Three month rolling average Residual Realization Ratio.. 145.01%
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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 .............. $ 6,562,921.87
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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 .......... $ 6,562,921.87
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(a.) To the Servicer, Unrecoverable Servicer Advances/
Initial Unpaid Balance ................................ $ 84,938.52
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(b.) To the Servicer, the Servicing Fee and
miscellaneous amounts, if any ......................... $ 82,464.88
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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 ....... $ 462,884.26
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Interest on Class A-1 Notes ........ $ 195,532.98
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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:
To Class A, the total applicable Principal Payment..... $5,795,706.99
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Principal Payment to Class
A-1 Noteholders .................... $ 5,795,706.99
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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 ............... $ 66,650.60
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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 ............................... 1,603,907.53
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(b.) Servicer Advances reimbursed during the Collection Period 43,777.93
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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 ........................................ 135,374.27
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(e.) Aggregate amount of Servicer Advances at the end of
the Collection Period .................................... 1,695,503.87
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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 ........................................ 1,526,596.07
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(b.) Amount of interest earnings reinvested for the
related Monthly Period ................................... 6,583.45
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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 ............................................... 66,650.60
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(e.) Balance remaining before calculating Required
Reserve Amount ........................................... 1,599,830.12
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(f.) Required Reserve Amount needed as of the related
Collection Period ........................................ 4,656,374.90
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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 ..... 3,056,544.77
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(h.) Amounts on deposit at the end of the related
Collection Period (e minus g1) ........................... 1,599,830.12
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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 ...................... $ 1,054,228.96
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(b.) Add: Amount of Advance Payments collected during the related
Collection Period ......................................... $ 674,457.00
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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 .......................................... $ 735,264.62
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(e.) Ending aggregate Advance Payments ......................... $ 993,421.34
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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-Nov-99
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