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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 AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
August 6, 1999
ACE Securities Corp.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-56213 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, North Carolina 28211
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (704) 365-0569
No Change
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events/1/
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Attached as Exhibit 23.1 to this Current Report is the consent of
PricewaterhouseCoopers LLP to the use of such firm's name under the caption
"Experts," and the incorporation by reference of such firm's report dated
February 2, 1999 on its audits of the consolidated financial statements of MBIA
Insurance Corporation and Subsidiaries, as of December 31, 1998 and 1997, and
for each of the three years in the period ended December 31, 1998, in the
Prospectus Supplement (as defined herein) relating to ACE Securities Corp. Home
Loan Asset Backed Notes, Series 1999-A (the "Notes"). The Notes are offered
pursuant to a prospectus supplement, dated August 6, 1999 (the "Prospectus
Supplement"), and a prospectus, dated July 26, 1999 (together with the
Prospectus Supplement, the "Prospectus"), which will be filed with the
Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended
(the "Act"). The Certificates are registered pursuant to the Act under a
Registration Statement on Form S-3 (No. 333-56213) (the "Registration
Statement").
Attached as Exhibit 23.2 to this Current Report is the consent of
Deloitte & Touche LLP to the use of such firm's name under the caption
"Experts," and the inclusion of such firm's report dated August 6, 1999 on its
audit of the balance sheet of ACE Securities Corp. Home Loan Trust 1999-A as of
August 6, 1999.
Attached as Exhibit 25 to this Current Report is a Form T-1 Statement
of Eligibility under the Trust Indenture Act of 1939, as amended, of First Union
National Bank. First Union National Bank is the Indenture Trustee under the
Indenture pursuant to which the Notes are being issued.
Attached as Exhibit 99.1 to this Current Report, ACE Securities Corp.
(the "Company") is filing an opinion regarding the legality of the securities
being offered and regarding tax matters with the Securities and Exchange
Commission as an exhibit to the Company's Registration Statement on Form S-3
(File No. 333-56213).
Item 7. Financial Statements; Pro Forma Financial Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
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1 Capitalized terms used but not otherwise defined herein shall have the
same meaning ascribed to them in the Prospectus.
(c) Exhibits:
23.1 Consent of Independent Accountants
(PriceWaterhouseCoopers LLP)
23.2 Consent of Independent Accountants (Deloitte &
Touche LLP)
25 Form T-1 Statement of Eligibility
99.1 Opinion of Brown & Wood LLP regarding the
legality of the securities being offered and
regarding tax matters
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/ Elizabeth Eldridge
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Name: Elizabeth Eldridge
Title: Vice President
Dated: August 12, 1999
EXHIBIT INDEX
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Exhibit No. Description Page No.
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23.1 Consent of Independent Accountants
(PricewaterhouseCoopers LLP) 6
23.2 Consent of Independent Accountants
(Deloitte & Touche LLP) 8
25 Form T-1 Statement of Eligibility 10
99.1 Opinion of Brown & Wood LLP
regarding the legality of the securities
being offered and regarding tax matters 29