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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) August 18, 2003
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 Blvd.,
Suite 318,
Charlotte, North Carolina 92618
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(ADDRESS OF PRINCIPAL (ZIP CODE)
EXECUTIVE OFFICES)
Registrants telephone number, including area code, is (704) 365-0569.
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Item 5. OTHER EVENTS.
The consolidated balance sheets of MBIA Inc. and subsidiaries and
MBIA Insurance Corporation and subsidiaries as of December 31, 2002 and
December 31, 2001 and the related consolidated statements of income,
changes in shareholder's equity, and cash flows for each of the three
years in the period ended December 31, 2002, are hereby incorporated by
reference in (i) this Current Report on Form 8-K; (ii) the registration
statement (No. 333-81236) of the Registrant; and (iii) the Prospectus
Supplement relating to ACE Securities Corp., Home Equity Loan Trust,
Series 2003-HS1, Asset Backed Pass-Through Certificates, and shall be
deemed to be part hereof and thereof.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
ITEM 601(a) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
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1 23 Consent of PricewaterhouseCoopers
LLP, independent auditors of MBIA
Insurance Corporation with respect
to the ACE Securities Corp., Home
Equity Loan Trust, Series 2003-HS1,
Asset Backed Pass-Through
Certificates.
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: August 18, 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
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-k Numbered
Number Exhibit No. Description Page
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1 23 Independent Auditors' Consent 5