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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): May 3, 2001
ACE SECURITIES CORP.
(as depositor under the Pooling and Servicing Agreement,
dated on or about April 1, 2001, providing for the issuance of the ACE
Securities Corp. Home Equity Loan Trust, Series 2001-AQ1 Asset Backed
Pass-Through Certificates.
ACE SECURITIES CORP.
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(Exact name of registrant as specified in its charter)
Delaware 333-45458 56-2088493
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
6525 Morrison Boulevard
Suite 318
Charlotte, NC 28211
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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.
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Filing of Collateral Terms Sheets
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Pursuant to Rule 424(b) under the Securities Act of 1933,
concurrently with, or subsequent to, the filing of this Current Report on Form
8-K (the "Form 8-K"), Ace Securities Corp. (the "Company") is filing a
prospectus and prospectus supplement with the Securities and Exchange
Commission relating to its ACE Securities Corp. Home Equity Loan Trust, Series
2001-AQ1 Asset Backed Pass-Through Certificates.
In connection with the offering of the ACE Securities Corp. Home
Equity Loan Trust, Series 2001-AQ1 Asset Backed Pass-Through Certificates,
Deutsche Banc Alex. Brown Inc. ("DBAG"), as underwriter of the Certificates,
has prepared certain materials (the "Collateral Terms Sheets") for
distribution to their potential investors. Although the Company provided DBAG
with certain information regarding the characteristics of the Mortgage Loans
in the related portfolio, the Company did not participate in the preparation
of the Collateral Terms Sheets.
For purposes of this Form 8-K, "Collateral Term Sheets" shall mean
descriptive information about the assets underlying an ABS offering, typically
including data regarding the contractual and related characteristics of the
underlying loans, such as the weighted average coupon, weighted average
maturity and other factual information regarding the types of assets
comprising the pool. The Collateral Term Sheets listed as Exhibit 99.1 hereto
are filed on Form SE dated May 3, 2001.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Collateral Terms Sheets
filed on Form SE dated May 3, 2001.
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 hereunto duly authorized.
ACE SECURITIES CORP.
By: /s/ Doris J. Hearn
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Name: Doris J. Hearn
Title: Vice President
Dated: May 3, 2001
Exhibit Index
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Exhibit Page
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99.1 Collateral Terms Sheets
filed on Form SE dated May 3, 2001.