-----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, WZnEHC1M8ypomy6VOjxBtRBHjBAcc3eK3yj3mSRCO+I/EXqbAleXI/wn3AWPNkxC hoh+wEqyj0fjZ/2X0/h91w== 0000950144-98-010724.txt : 19980916 0000950144-98-010724.hdr.sgml : 19980916 ACCESSION NUMBER: 0000950144-98-010724 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980915 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980915 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EQCC RECEIVABLES CORP CENTRAL INDEX KEY: 0000897897 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 593170055 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-66152 FILM NUMBER: 98709531 BUSINESS ADDRESS: STREET 1: C/O EQUICREDIT CORP OF AMERICA STREET 2: 100401 DEERWOOD PARK BLVD CITY: JACKSONVILLE STATE: FL ZIP: 32256 BUSINESS PHONE: 9049875000 8-K 1 EQCC RECEIVABLES CORPORATION 8-K 1 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: September 15, 1998 (Date of earliest event reported) Commission File No. 333-48053 EQCC Receivables Corporation EQCC Asset Backed Corporation - -------------------------------------------------------------------------------- 59-3170055 Delaware 59-3170052 - -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 10401 Deerwood Park Boulevard Jacksonville, Florida 32256 - -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (904) 987-5000 - -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) 2 Item 5. Other Events Documents incorporated by Reference The consolidated financial statements of Ambac Assurance Corporation and its subsidiaries as of December 31, 1997 and December 31, 1996, and for the three-year period ended December 31, 1997, included in the Annual Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with the Securities and Exchange Commission on March 31, 1998) and the consolidated financial statements of Ambac Assurance Corporation and its subsidiaries as of June 30, 1998, and for periods ended June 30, 1998 and June 30, 1997, included in the Quarterly Report on Form 10-Q of Ambac Financial Group, Inc. for the period ended June 30, 1998 (which was filed with the Securities and Exchange Commission on August 14, 1998) are hereby incorporated by reference in (i) this Current Report on Form 8-K; (ii) the registration statement of the registrants (Registration No. 333-48053) and (iii) the Prospectus Supplement and Prospectus, each dated September 10, 1998, relating to EQCC Home Equity Loan Asset Backed Certificates, Series 1998-3, 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 - ----------- ----------- (EX-23) Consent of KPMG Peat Marwick LLP, independent auditors of Ambac Assurance Corporation -2- 3 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. EQCC RECEIVABLES CORPORATION September 15, 1998 By: /s/ Lenore Hanapel ---------------------------- Name: Lenore Hanapel Title: Senior Vice President EQCC ASSET BACKED CORPORATION September 15, 1998 By: /s/ Lenore Hanapel ---------------------------- Name: Lenore Hanapel Title: Senior Vice President -3- 4 INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) - ----------- ----------- -------------- (EX-23) Consent of KPMG Peat Marwick E LLP, independent auditors of Ambac Assurance Corporation -4- EX-23 2 CONSENT OF KPMG PEAT MARWICK 1 EX-23 INDEPENDENT AUDITORS' CONSENT The Board of Directors Ambac Assurance Corporation: We consent to the incorporation by reference in the registration statement (No. 333-48053) of EQCC Receivables Corporation and EQCC Asset Backed Corporation (the "Registrants"), the Prospectus Supplement relating to Series 1998-3 of the Registrants (the "Prospectus Supplement") and the Form 8-K of the Registrant dated September 15, 1998, of our report dated January 29, 1998 on the consolidated financial statements of Ambac Assurance Corporation as of December 31, 1997 and 1996, and for each of the years in the three-year period ended December 31, 1997 which report appears in the Form 10-K of Ambac Financial Group, Inc. dated March 31, 1998 and to the reference to our firm under the heading "Experts" in the Prospectus Supplement. /s/ KPMG Peat Marwick LLP KPMG Peat Marwick LLP New York, New York September 15, 1998 -5- -----END PRIVACY-ENHANCED MESSAGE-----