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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) July 3, 2003
ACE SECURITIES CORP.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 333-81236 56-2088493
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(STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
6525 Morrison Blvd.,
Suite 318
Charlotte, North
Carolina 28211
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(ADDRESS OF PRINCIPAL (ZIP CODE)
EXECUTIVE OFFICES)
Registrant's telephone number, including area code, is (704) 365-0569.
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Item 5. Other Events.
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Description of the Mortgage Pool
On or about July 16, 2003, the Registrant will cause the issuance and
sale of approximately $306,574,000 initial principal amount of ACE
Securities Corp. Home Equity Loan Trust, Series 2003-TC1 Asset Backed
Pass-Through Certificates (the "Certificates") pursuant to a Pooling and
Servicing Agreement to be dated as of July 1, 2003, between the Registrant
as depositor, Wells Fargo Bank Minnesota, National Association as master
servicer and securities administrator, and Bank One, National Association,
as trustee.
Collateral Term Sheet
Deutsche Bank Securities Inc. (the "Underwriter") has advised the
Registrant that it has furnished to certain prospective purchasers of
Certificates certain materials ("Collateral Term Sheet") in written form,
which are in the nature of data tables.
The Collateral Term Sheets have been provided by the Underwriter. The
information in the Collateral Term Sheets is preliminary and may be
superseded by the Prospectus Supplement relating to the Certificates and by
any other information subsequently filed with the Securities and Exchange
Commission.
The Collateral Term Sheets were prepared by the Underwriter at the
request of certain prospective investors, based on assumptions provided by,
and satisfying the special requirements of, such prospective investors. The
Collateral Term Sheets may be based on assumptions that differ from the
assumptions set forth in the Prospectus Supplement.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Financial Statements.
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Not applicable.
(b) Pro Forma Financial Information.
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Not applicable.
(c) Exhibits
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ITEM 601(A) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
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1 99.1 Collateral Term Sheets (as defined in
Item 5) that have been provided by the
Underwriter to certain prospective
purchasers of ACE Securities Corp. Home
Equity Loan Trust, Series 2003-TC1. The
Preliminary Structural and Collateral
Term Sheet has been filed on paper
pursuant to a continuing hardship
exemption from certain electronic
requirements.
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 3, 2003
ACE SECURITIES CORP.
By: /s/ Douglas K. Johnson
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Name: Douglas K. Johnson
Title: President
By: /s/ Evelyn Echevarria
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Name: Evelyn Echevarria
Title: Vice President
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EXHIBIT INDEX
Item 601(a) of Sequentially
Regulation S-K Numbered
Exhibit Number Exhibit No. Description Page
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1 99.1 Collateral Term Sheets. The 6
Preliminary Structural and
Collateral Term Sheet has been
filed on paper pursuant to a
continuing hardship exemption
from certain electronic
requirements.