8-K 1 ace03nc1.txt DECEMBER 8K UNITED STATES 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): December 26, 2003 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset-Backed Pass-Through Certificates, Series 2003-NC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-45458-11 54-2132815 Pooling and Servicing Agreement) (Commission 54-2132816 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On December 26, 2003 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN, Asset-Backed Pass-Through Certificates, Series 2003-NC1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Pass-Through Certificates, Series 2003-NC1 Trust, relating to the December 26, 2003 distribution. 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. HOME EQUITY LOAN TRUST Asset-Backed Pass-Through Certificates, Series 2003-NC1 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/7/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Trust Asset-Backed Pass-Through Certificates, Series 2003-NC1 Trust, relating to the December 26, 2003 distribution. EX-99.1

~~Item~~ACE ~~601~~Securities ~~(a)~~Corporation ofHome ~~Sequentially~~Equity ~~Exhibit~~Loan ~~Regulation~~Trust SAsset-KBacked ~~Numbered~~Pass-Through ~~Number~~Certificates ~~Exhibit~~Record ~~No.~~Date: ~~Description~~11/30/03 ~~Page~~Distribution Date: 12/26/03 ACE Series: 2003-NC1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 004421CN1 SEN 1.45875% 566,781,193.12 711,953.39 13,076,099.05 A-2A 004421CP6 SEN 1.53875% 94,774,027.91 125,577.74 2,387,932.41 A-2B 004421CW1 SEN 1.29875% 27,411,399.16 30,655.76 1,219,776.68 A-2C 004421CX9 SEN 1.61875% 21,000,000.00 29,272.13 0.00 M-1 004421CQ4 MEZ 1.89875% 42,641,000.00 69,719.03 0.00 M-2 004421CR2 MEZ 3.01875% 38,377,000.00 99,759.77 0.00 M-~~-----~~3 004421CS0 MEZ 3.16875% 8,528,000.00 23,269.79 0.00 M-~~----------~~4 004421CT8 MEZ 4.61875% 10,660,000.00 42,397.44 0.00 M-~~---~~5 1004421CU5 MEZ 4.86875% ~~Pooling~~10,660,000.00 ~~and~~44,692.30 ~~Servicing~~0.00 M-6 004421CV3 MEZ 5.11875% ~~Agreement~~6,396,000.00 28,192.30 0.00 CE ACE0301CE JUN 0.00000% 10,683,825.00 3,090,024.49 0.00 P ACE03010P SEN 0.00000% 100.00 349,677.74 0.00 R ACE0301R1 SEN 0.00000% 0.00 0.00 0.00 Totals 837,912,545.19 4,645,191.88 16,683,808.14

Delinquency Status By Groups

Filing Compare · HOME EQUITY LOAN TRUST SERIES 2003-NC1