-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SGmBlOoJBrPDCD/E6VOp8DVKGyGyZpzp2GyIQwT/ByBqtZt8GW8Hl2kxlj2N8Jrg JIznaZwNzGv4BH0i/FAaqQ== 0000893220-02-000893.txt : 20020715 0000893220-02-000893.hdr.sgml : 20020715 20020715094209 ACCESSION NUMBER: 0000893220-02-000893 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020710 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA BUSINESS SERVICES CORP CENTRAL INDEX KEY: 0001047607 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 232333786 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-38575 FILM NUMBER: 02702434 BUSINESS ADDRESS: STREET 1: 1020 LAUREL OAK ROAD STREET 2: P O BOX 1228 CITY: VOORHEES STATE: NJ ZIP: 08043-7228 BUSINESS PHONE: 6097827300 MAIL ADDRESS: STREET 1: 1020 LAUREL OAK ROAD STREET 2: P O BOX 1228 CITY: VOORHEES STATE: NJ ZIP: 08043-7228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA LEASING RECEIVABLES CORP IX CENTRAL INDEX KEY: 0001085950 IRS NUMBER: 522170234 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-79773-02 FILM NUMBER: 02702435 BUSINESS ADDRESS: STREET 1: 639 ISBELL ROAD STREET 2: SUITE 390 CITY: RENO STATE: NV ZIP: 89509 BUSINESS PHONE: 7758233090 MAIL ADDRESS: STREET 1: 639 ISBELL RD STREET 2: SUITE 390 CITY: RENO STATE: NV ZIP: 89509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA LEASING RECEIVABLES CORP VIII CENTRAL INDEX KEY: 0001085949 IRS NUMBER: 522170910 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-79773-01 FILM NUMBER: 02702436 BUSINESS ADDRESS: STREET 1: 639 ISBELL RD STREET 2: SUITE 390 CITY: RENO STATE: NV ZIP: 89509 BUSINESS PHONE: 7758233090 MAIL ADDRESS: STREET 1: 639 ISBELL RD STREET 2: SUITE 390 CITY: RENO STATE: NV ZIP: 89509 8-K 1 w61695be8vk.txt FORM 8-K FOR ADVANTA BUSINESS SERVICES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 10, 2002 ADVANTA BUSINESS SERVICES CORP. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 333-79773 23-2333786 - --------------------------------------- ---------------- ------------------------------- (State or Other (Commission File (I.R.S. Employer Identification Jurisdiction of Incorporation) Number) No.) 1020 Laurel Oak Road Voorhees, New Jersey 08043 - --------------------------------------- ------------------------------ (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (609) 782-7300 -------------- No Change ----------------------------------------------------------------- (Former name or former address, if changed since last report) ADVANTA LEASING RECEIVABLES CORP. VIII ------------------------------------------------------ (Exact name of registrant as specified in its charter) Nevada 333-79773-01 52-2170910 -------------------------------------------- --------------- ------------------------------- (State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer Identification Number) No.) 639 Isbell Rd, Suite 390 Reno, Nevada 89509 - --------------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (775) 823-3080 -------------- No Change ------------------------------------------------------------- (Former name or former address, if changed since last report) ADVANTA LEASING RECEIVABLES CORP. IX ------------------------------------------------------ (Exact name of registrant as specified in its charter) Nevada 333-79773-02 52-2170234 -------------------------------------------- --------------- ------------------------------- (State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer Identification Number) No.) 639 Isbell Rd, Suite 390 Reno, Nevada 89509 - --------------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (775) 823-3016 -------------- No Change ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 7. Financial Statements and Exhibits The following exhibit is furnished herewith: 21 Monthly Servicer's Certificate issued on July 10, 2002 relating to the Equipment Receivables Asset-Backed Notes, Series 1999-1, prepared by the Servicer and sent to the Trustee pursuant to Section 3.05(a) of the Series 1999-1 Supplement dated as of August 26, 1999 covering the period of June 1, 2002 through June 30, 2002. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ADVANTA BUSINESS SERVICES CORP., As Registrant By /s/ MARK SHAPIRO ----------------- Name: Mark Shapiro Title: Assistant Treasurer Dated: July 10, 2002 4 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ADVANTA LEASING RECEIVABLES CORP. VIII, As Registrant By /s/ MARK SHAPIRO ----------------- Name: Mark Shapiro Title: Treasurer Dated: July 10, 2002 5 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ADVANTA LEASING RECEIVABLES CORP. IX, As Registrant By /s/ MARK SHAPIRO ----------------- Name: Mark Shapiro Title: Treasurer Dated: July 10, 2002 6 Exhibit Index
Exhibit No. Page - ----------- ---- 21.1 Monthly Servicer's Certificate July 10, 2002 prepared by the 8 Servicer and sent to the Trustee pursuant to Section 3.05(a) of the Series 1999-1 Supplement covering the period of June 1, 2002 through June 30, 2002.
7 EX-21.1 3 w61695bexv21w1.txt MONTHLY SERVICER'S CERTIFICATE ASSET-BACKED FINANCING FACILITY ADVANTA BUSINESS SERVICES CORP., AS SERVICER MONTHLY SERVICER CERTIFICATE COLLECTION PERIOD: June 1, 2002 - June 30, 2002 SETTLEMENT DATE: 15-Jul-02 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 ............................................. $6,622,638.60 --------------- (b.) Contract Principal Balance of all Collections allocable to Contracts ............................................................................ $ 652,656.17 --------------- (c.) Contract Principal Balance of Charged-Off Contracts ........................................ $ 46,791.10 --------------- (e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date..... $5,923,191.33 --------------- BALANCES ON THIS SETTLEMENT DATE ------------------------------- (d.) Class A Principal Balance as of this Settlement Date (Class A Note Factor) 0.0389555 ................................... $3,851,764.13 ----------- --------------- (e1.) Ending Class A-1 Principal Balance 0.0000000 $ - ----------- -------------- (e2.) Ending Class A-2 Principal Balance 0.0000000 $ - ----------- -------------- (e3.) Ending Class A-3 Principal Balance 0.4077793 $3,851,764.13 ----------- -------------- (f.) Ending Class B Principal Balance as of this Settlement Date (Class B Note Factor) 0.1785714 ................................... $2,071,427.21 ----------- --------------- II. COMPLIANCE RATIOS (a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .............................. $6,249,799.54 --------------- (b.) CBR of Contracts 1 - 30 days delinquent .................................................... $ 615,692.52 --------------- (c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date.................... $ 9.85% --------------- (d.) CBR of Contracts 31 - 60 days delinquent ................................................... $ 297,313.21 --------------- (e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date................... 4.76% --------------- (f.) CBR of Contracts 61 - 90 days delinquent ................................................... $ 159,781.46 --------------- (g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date ....................................................................... 2.56% --------------- (h.) CBR of Contracts > 91 days delinquent ...................................................... $ 64,871.21 --------------- (i.) % of Delinquent Contracts > 91 days as of the related Calculation Date .............................................................. 1.04% --------------- (j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date................ 8.35% --------------- (j2.) Month 2: May-02 ......................................................................... 7.30% ---------- ---------------- (j3.) Month 3: Apr-02 ......................................................................... 8.30% ---------- ---------------- (j4.) Three month rolling average % of Delinquent Contracts 31 days or more....................... 7.98% --------------- (k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) * ................... 3.44% --------------- (k2.) Month 2: May-02 .......................................................................... 0.00% --------- --------------- (k3.) Month 3: Apr-02 .......................................................................... 0.00% --------- --------------- (k4.) Three month rolling average % for Defaulted Contracts ...................................... 1.15% --------------- Does the Cumulative Loss % exceed (l1.) The Loss Trigger Level % from Beginning Period to and including 12th Collection Period ? . Y or N........................................................................... n/a (l2.) The Loss Trigger Level % from 13th Collection Period to and including 24th Collection --------------- Period ? .Y or N........................................................................... n/a --------------- (l3.) The Loss Trigger Level % from 25th Collection Period and thereafter ? Y or N............... NO --------------- (m1.) Residual Realization for the related Collection Period ..................................... 147.04% --------------- (m2.) Month 2: May-02 .......................................................................... 127.39% ---------- --------------- (m3.) Month 3: Apr-02 .......................................................................... 137.67% ---------- --------------- (m4.) Three month rolling average Residual Realization Ratio ..................................... 137.37% --------------- (n.) Does the three month rolling Residual Realization ratio exceed 100% Y or N.................. YES ---------------
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III. FLOW OF FUNDS (1.) The amount on deposit in Available Funds ......................................................... $ 894,059.69 --------------- (2.) The prepayment amounts deposited, if any, by the Issuers' to the Collection Account for removal of defaulted contracts ........................................................................... $ - --------------- (3.) Total deposits in the Collection Account to be used as available funds on this Payment Date ...... $ 894,059.69 --------------- (a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance ........................ $ - --------------- (b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any ............................. $ 5,518.87 --------------- To Series 1999-1 Noteholders: (c.) To Class A, the total Class A Note Interest and Class A Overdue Interest for the related period .. $ 26,169.47 --------------- Interest on Class A-1 Notes $ - --------------- Interest on Class A-2 Notes $ - --------------- Interest on Class A-3 Notes $26,169.47 --------------- (d.) Interest on Class B Notes for the related period ................................................. $ 12,549.40 --------------- (e.) To Series 1999-1 Noteholders: To Class A, the total applicable Principal Payment ............................................... $ 699,447.27 --------------- Principal Payment to Class A-1 Noteholders $ - --------------- Principal Payment to Class A-2 Noteholders $ - --------------- Principal Payment to Class A-3 Noteholders $699,447.27 --------------- To Class B for applicable Principal Payment to the extent of the Class B Floor ................... $ - --------------- (f.) To the Reserve Account : The amount needed to increase the amount in the Reserve Account to the Required Reserve .......... $ - --------------- (g.) Upon the occurrence of a Residual Event the lesser of: (A) the remaining Available Funds and $ - --------------- (B) the aggregate amount of Residual Receipts $ - included in Available Funds --------------- To be deposited to the Residual Account .......................................................... $ - --------------- (h.) To the Issuers, as owner of the Pledged Assets, any remaining Available Funds on deposit in the Collection Account (the "Issuers' Interest") ................................................. $ 150,374.69 --------------- IV. SERVICER ADVANCES (a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period .................. $ 189,688.75 --------------- (b.) Servicer Advances reimbursed during the Collection Period ........................................ $ 9,192.44 --------------- (c.) Amount of unreimbursed Service Advances to be reimbursed on the Settlement Date .................. $ - --------------- (d.) Servicer Advances made during the related Collection Period ...................................... $ 9,114.96 --------------- (e.) Aggregate amount of Servicer Advances at the end of the Collection Period ........................ $ 189,611.27 --------------- (f.) Amount of delinquent Scheduled Payments for which Servicer Advances were not made ................ $ - --------------- V. RESERVE ACCOUNT (a.) Amount on deposit at the beginning of the related Collection Period .............................. $1,104,761.18 --------------- (b.) Amount of interest earnings reinvested for the related Monthly Period ............................ $ 1,545.87 --------------- (c.) Amounts used to cover shortfalls, if any, for the related Collection Period ...................... $ - --------------- (d.) Amounts transferred from the Collection Account, if applicable ................................... $ - --------------- (e.) Balance remaining before calculating Required Reserve Amount ..................................... $1,106,307.05 --------------- (f.) Required Reserve Amount needed as of the related Collection Period ............................... $1,104,761.18 --------------- (g1.) If (e) above is greater than (f), then excess amount to be transferred to the Series Obligors .... $ 1,545.87 --------------- (g2.) If (e) is greater than (d), then amount of shortfall ............................................. --------------- (h.) Amounts on deposit at the end of the related Collection Period (e minus g1) ...................... $1,104,761.18 --------------- (i.) Is the Required Reserve Amount equal to the balance in the Reserve Account as of the related Collection period ? Y or N ....................................................................... YES --------------- VI. RESIDUAL ACCOUNT (a.) Amount on deposit at the beginning of the related Collection Period .............................. $ - --------------- (b.) Amounts transferred from the Collection Account .................................................. $ - --------------- (c.) Amounts used to cover shortfalls for the related Collection Period ............................... $ - --------------- (d.) Amount on deposit at the end of the related Collection Period .................................... $ - ---------------
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VII.ADVANCE PAYMENTS (a.) Beginning aggregate Advance Payments ........................................................... $ 122,474.80 --------------- (b.) Add: Amount of Advance Payments collected during the related Collection Period ........................................................... $ 84,923.86 --------------- (c.) Add: Investment earnings for the related Collection Period ................................... $ - --------------- (d.) Less: Amount of Advance Payments withdrawn for deposit into Facility Account .................................................................. $ 96,421.75 --------------- (e.) Ending aggregate Advance Payments .............................................................. $ 110,976.91 ---------------
ADVANTA BUSINESS SERVICES CORP., AS SERVICER BY: /s/ Mark Shapiro ----------------------------------- TITLE: Asst. Treasurer ----------------------------------- DATE: 07/10/02 ----------------------------------- Page 3 of 3 -----END PRIVACY-ENHANCED MESSAGE-----