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: November 15, 1999
(Date of earliest event reported)
Commission File No. 333-56213
ACE Securities Corp.
Delaware 56-2088493
(State of Incorporation) (I.R.S. Employer
Identification No.)
6525 Morrison Boulevard, Suite 318
Charlotte, North Carolina 28211
Address of principal executive offices (Zip Code)
(704) 365-0569
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Registrant's Telephone Number, including area code
No Change
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(Former name, former address and former fiscal year, if changed
since last report)
ITEM 5. Other Events
Attached as an exhibit are the Computational Materials (as defined in the
no-action letter dated May 21, 1994 issued by the Securities and Exchange
Commission to Kidder, Peabody Acceptance Corporation-I, Kidder, Peabody & Co.
Incorporated and Kidder Structured Asset Corporation (the "Kidder Letter")) and
Collateral Term Sheets (as defined in the no-action letter dated February 17,
1995 issued by the Securities and Exchange Commission to the Public Securities
Association) prepared by Deutsche Bank Securities, Inc., which are hereby filed
pursuant to such letter.
Documents incorporated by Reference
The Annual Report on Form 10-K, as amended, of Financial Security Assurance
Holdings, Inc. for the year ended December 31, 1998 and the Quarterly Report on
Form 10-Q of Financial Security Assurance Holdings, Inc. for the period ended
June 30, 1999 are hereby incorporated by reference in (i) this Current Report on
Form 8-K; (ii) the registration statement (No. 333-62547) of the Registrant; and
(iii) the Prospectus Supplement and Prospectus each dated November 10, 1999,
relating to Mortgage Lenders Network Home Equity Loan Trust Asset Backed Notes,
Series 1999-2, and shall be deemed to be part hereof and thereof.
ITEM 7. Financial Statements and Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(EX-8.1) Tax and Legality Opinions
(EX-23.1) Consent of PricewaterhouseCoopers LLP,
independent accountants for Financial
Security Assurance Inc.
(EX-24.1) Consent of Cadwalalder, Wickersham & Taft
(included as part of EX-8)
(EX-99.1) Computational Materials and Collateral Term
Sheets prepared by Deutsche Bank Securities,
Inc. in connection with Mortgage Lenders
Network Home Equity Loan Trust Asset Backed
Notes, Series 1999-2
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.
November 15, 1999
By: /s/ Elizabeth Eldridge
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Name: Elizabeth Eldridge
Title: Vice President
INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
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(EX-8.1) Tax and Legality Opinions E
(EX-23.1) Consent of Pricewaterhouse Coopers LLP, E
independent accountants for Financial
Security Assurance Inc.
(EX-24.1) Consent of Cadwalalder, Wickersham & Taft E
(included as part of EX-8)
(EX-99.1) Computational Materials and Collateral E
Terms Sheets prepared by Deutsche Bank
Securities, Inc. in connection with Mortgage
Lenders Network Home Equity Loan Trust
Asset Backed Notes, Series 1999-2