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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) January 4, 2005
ACE SECURITIES CORP.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 333-119047 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.
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR 240.14a-12(b))
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item 8.01. Other Events.
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Description of the Mortgage Pool
On or about January 14, 2005, the Registrant will cause the
issuance and sale of approximately $144,443,000 initial principal
amount of ACE Securities Corp. Home Equity Loan Trust, Series 2005-SD1
Asset Backed Pass-Through Certificates (the "Certificates") pursuant to
a Pooling and Servicing Agreement to be dated as of January 1, 2005,
between the Registrant as depositor, Wells Fargo Bank, National
Association as master servicer and securities administrator, Ocwen
Federal Bank FSB as a servicer, Option One Mortgage Corporation as a
servicer and HSBC Bank USA, National Association as trustee.
Structural Term Sheets
Deutsche Bank Securities Inc. (the "Underwriter") has advised
the Registrant that it has furnished to certain prospective purchasers
of Certificates certain materials ("Structural Term Sheets") in written
form, which are in the nature of data tables.
The Structural Term Sheets have been provided by the
Underwriter. The information in the Structural 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 Structural 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 Structural Term Sheets may be based on
assumptions that differ from the assumptions set forth in the
Prospectus Supplement.
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Item 9.01. Financial Statements, PRO FORMA Financial Information and Exhibits
(a) Financial Statements.
Not applicable.
(b) PRO FORMA Financial Information.
Not applicable.
(c) Exhibits
ITEM 601(A) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
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1 99.1 Structural Term Sheets (as defined in Item
8.01) that have been provided by the
Underwriter to certain prospective
purchasers of ACE Securities Corp. Home
Equity Loan Trust, Series 2005-SD1. The
Structural Term Sheets have 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: January 17, 2005
ACE SECURITIES CORP.
By: /s/ Patricia C. Harris
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Name: Patricia C. Harris
Title: Vice President
By: /s/ Evelyn Echevarria
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Name: Evelyn Echevarria
Title: Vice President
EXHIBIT INDEX
Item 601(a) of Sequentially
Regulation S-K Numbered
Exhibit Number Exhibit No. Description Page
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1 99.1 Structural Term Sheets. 6
The Preliminary
Structural and Collateral
Term Sheet has been filed
on paper pursuant to a
continuing hardship
exemption from certain
electronic requirements.