8-K 1 d255274.txt PARK PLACE SECURITIES INC ================================================================================ 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): August 6, 2004 PARK PLACE SECURITIES, INC. (as depositor under the Pooling and Servicing Agreement, dated as of August 1, 2004, providing for the issuance of Asset-Backed Pass-Through Certificates, Series 2004-WCW1) Park Place Securities, Inc. --------------------------- (Exact name of registrant as specified in its charter) --------------------------------------------------------------------------------

Registrant's telephone number, including area code: (714) 541-9960 ================================================================================ Item 5. Other Events ------------ Description of the Certificates and the Mortgage Pool On August 6, 2004 (the "Closing Date"), a single series of certificates, entitled Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-WCW1 (the "Certificates"), was issued pursuant to a pooling and servicing agreement, dated as of August 1, 2004 (the "Agreement"), among Park Place Securities, Inc. as depositor (the "Registrant"), Countrywide Home Loans Servicing LP as master servicer (the "Master Servicer") and Wells Fargo Bank, N.A. as trustee (the "Trustee"). The Certificates designated as the Series 2004-WCW1 Certificates represent in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund") consisting primarily of a pool (the "Mortgage Pool") of conventional, one- to four-family, first and second lien adjustable-rate and fixed-rate mortgage loans having original terms to maturity up to 30 years (the "Mortgage Loans"). As of the Cut-off Date, the Trust Fund primarily consisted of the Mortgage Pool, which consisted of Mortgage Loans having an aggregate principal balance of $1,124,629,836.71. The tables attached as an exhibit hereto describe certain characteristics of the Mortgage Pool as of the Cut-off Date. Item 7. Financial Statements and Exhibits --------------------------------- 1. Not applicable 2. Not applicable 3. Exhibits Exhibit No. Description ----------- ----------- 99.1 Characteristics of the Mortgage Pool as of August 1, 2004, relating to Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-WCW1. 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 6, 2004 PARK PLACE SECURITIES, INC. By: /s/ John P. Grazer ----------------------- Name: John P. Grazer Title: CFO Index to Exhibits

PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2004-WCW1 8-K