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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
Date of Report (Date of earliest event reported): June 26, 2002
ACE SECURITIES CORP.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING
AGREEMENT, DATED AS OF JULY 1, 2002, PROVIDING FOR
THE ISSUANCE OF SERIES 2001-HE1 ASSET BACKED
PASS-THROUGH CERTIFICATES)
ACE Securities Corp.
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(Exact name of registrant as specified in its charter)
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Delaware 333-45458 56-2088493
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
6525 Morrison Blvd.,
Suite 318
Charlotte, North
Carolina 92618
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (704) 365-0569.
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Item 5. Other Events
Description of the Mortgage Pool
ACE Securities Corp. Corporation (the "Registrant") plans a series of
certificates, entitled ACE Securities Corp. Home Equity Loan Trust, Series
2002-HE1 Asset Backed Pass-Through Certificates (the "Certificates"), to be
issued pursuant to a pooling and servicing agreement, dated as of July 1, 2002,
among the Registrant as depositor, Wells Fargo Bank Minnesota, National
Association as master servicer, Bank One, National Association as certificate
administrator and Wells Fargo Bank Minnesota, National Association as trustee.
The Certificates to be designated as the Series 2002-HE1 Certificates will
represent in the aggregate the entire beneficial ownership interest in a trust
fund (the "Trust Fund") consisting primarily of a pool (the "Mortgage Pool") of
conventional, one- to four-family, first lien adjustable-rate and first and
second lien fixed-rate mortgage loans having original terms to maturity up to 30
years (the "Mortgage Loans").
Collateral Term Sheets
Deutsche Bank Securities, Inc. (the "Underwriter") has advised the
Registrant that it has furnished to certain prospective purchasers of
Certificates certain materials, herein referred to as "Collateral Term Sheets",
in written form, which Collateral Term Sheets are in the nature of data tables
and term sheet information relating to the Mortgage Loans or other assets of the
Trust Fund.
The Collateral Term Sheets have been provided by the Underwriter. The
information in the Collateral Term Sheets is preliminary and will be superseded
by a prospectus supplement relating to the Certificates and by any other
information subsequently filed with the Commission.
The Collateral Term Sheets were prepared by the Underwriter at the
request of certain prospective investors. The Collateral Term Sheets may be
based on information that differs from the information set forth in the
prospectus supplement.
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Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit No. Description
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99.1 Collateral Term Sheets (as defined in
Item 5) that have been provided by
Deutsche Bank Securities, Inc. to
certain prospective purchasers of
ACE Securities Corp. Home Equity
Loan Trust, Series 2002-HE1 Asset
Backed Pass-Through Certificates
(filed in paper pursuant to the
automatic SEC exemption pursuant to
Release 33-7427, August 7, 1997).
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.
Dated: July 26, 2002
ACE SECURITIES CORP.
By: /s/ Evelyn Echevarria
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Name: Evelyn Echevarria
Title: Vice President
Index to Exhibits
Sequentially
Exhibit No. Description Numbered Page
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99.1 Collateral Term Sheets(as defined P
in Item 5) that have been provided
by Deutsche Bank Securities, Inc.
to certain prospective purchasers
of ACE Securities Corp. Home Equity
Loan Trust, Series 2002-HE1 Asset
Backed Pass-Through Certificates.
EXHIBIT 99.1
FILED BY PAPER