-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CELk91Fc3gry4KSl0hq9kOYf0c1TjYOJdCjI+M5jRsOefZrWV6NQB/esZjURLi9T sYV+XylQa7V2/l7fD4e9Pw== 0000882377-02-000847.txt : 20021115 0000882377-02-000847.hdr.sgml : 20021115 20021115160231 ACCESSION NUMBER: 0000882377-02-000847 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021115 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE SECURITIES CORP CENTRAL INDEX KEY: 0001063292 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 562088493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-56213 FILM NUMBER: 02830030 BUSINESS ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043650569 MAIL ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 8-K 1 d106078.txt ACE SECURITIES CORP. ================================================================================ 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) November 15, 2002 ACE SECURITIES CORP. - -------------------------------------------------------------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 333-81236 56-2088493 - ----------------------------- ------------- -------------------- (STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.) 6525 Morrison Blvd., Suite 318 Charlotte, North Carolina 28211 - ------------------------------------------ ---------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Registrant's telephone number, including area code, is (704) 365-0569. ================================================================================ -2- Item 5. Other Events. On or about December 10, 2002, the Registrant will cause the issuance and sale of ACE Securities Corp. Home Equity Loan Trust, Series 2002-HE3 Asset Backed Pass-Through Certificates (the "Certificates") pursuant to a Pooling and Servicing Agreement to be dated as of December 1, 2002, between the Registrant as depositor, Wells Fargo Bank Minnesota, National Association as master servicer and securities administrator, and Bank One, National Association, as trustee. In connection with the sale of the Certificates, the Registrant has been advised by Deutsche Bank Securities Inc. ("Deutsche Bank"), that Deutsche Bank has furnished to prospective investors certain information attached hereto as Exhibit 99.1 that may be considered "ABS term sheets" or "computational materials" (as defined in the no-action letter dated May 20, 1994 issued by the Division of Corporation Finance of the Securities and Exchange Commission (the "Commission") to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder Structured Asset Corporation and the no- action letter dated February 17, 1995 issued by the Division of Corporation Finance of the Commission to the Public Securities Association) (the "Computational Materials") with respect to the Certificates following the effective date of Registration Statement No. 333- 81236 which Computational Materials are being filed as exhibits to this report. The Computational Materials have been provided by Deutsche Bank. The information in the Computational Materials 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 Computational Materials were prepared by Deutsche Bank at the request of certain prospective investors, based on assumptions provided by, and satisfying the special requirements of, such prospective investors. The Computational Materials may be based on assumptions that differ from the assumptions set forth in the Prospectus Supplement. The Computational Materials may not include, and do not purport to include, information based on assumptions representing a complete set of possible scenarios. Accordingly, the Computational Materials may not be relevant to or appropriate for investors other than those specifically requesting them. In addition, the actual characteristics and performance of the mortgage loans underlying the Certificates (the "Mortgage Loans") may differ from the assumptions used in the Computational Materials, which are hypothetical in nature and which were provided to certain investors only to give a general sense of how the yield, average life, duration, expected maturity, interest rate sensitivity and cash flow characteristics of the Certificates might vary under varying prepayment and other scenarios. Any difference between such assumptions and the actual characteristics and performance of the Mortgage Loans will affect the actual yield, average life, duration, expected maturity, interest rate sensitivity and cash flow characteristics of the Certificates. -3- Item 7. 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 - ----------- ----------- ----------- 1 99 Computational Materials--Computational Materials (as defined in Item 5) that have been provided by Deutsche Bank to certain prospective purchasers of ACE Securities Corp. Home Equity Loan Trust, Series 2002-HE3 Asset Backed Pass-Through Certificates (filed in paper pursuant to the automatic SEC exemption pursuant to Release 33-7427, August 7, 1997) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. ACE SECURITIES CORP. By: /s/ Douglas K. Johnson ------------------------------- Name: Douglas K. Johnson Title: President By: /s/ Evelyn Echevarria ------------------------------- Name: Evelyn Echevarria Title: Vice President Dated: November 15, 2002 EXHIBIT INDEX Item 601(a) of Sequentially Regulation S-K Numbered Exhibit Number Exhibit No. Description Page - -------------- ----------- ----------- ---- 1 99 Preliminary Collateral Filed Manually Term Sheet -----END PRIVACY-ENHANCED MESSAGE-----