8-K 1 pps04wh1_nov.txt NOVEMBER 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): November 26, 2004 PARK PLACE SECURITIES, INC. Asset Backed Pass-Through Certificates, Series 2004-WHQ1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115827-02 54-2161244 Pooling and Servicing Agreement) (Commission 54-2162527 (State or other File Number) 54-2162528 jurisdiction 54-2162529 of Incorporation) IRS EIN c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of PARK PLACE SECURITIES, INC., Asset Backed Pass-Through Certificates, Series 2004-WHQ1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-WHQ1 Trust, relating to the November 26, 2004 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. PARK PLACE SECURITIES, INC. Asset Backed Pass-Through Certificates, Series 2004-WHQ1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-WHQ1 Trust, relating to the November 26, 2004 distribution. EX-99.1

~~=============================================================================================~~Park ~~INITIAL~~Place ~~CERTIFICATE~~Securities, Inc Asset Backed Pass-~~--------------------~~Through ~~PASS~~Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 PPS Series: 2004-~~THROUGH~~WH1 ~~INITIAL~~Contact: ~~CERTIFICATE~~Customer ~~PASS~~Service -~~THROUGH~~ ~~CLASS~~CTSLink ~~PRINCIPAL~~Wells ~~BALANCE(1)~~Fargo ~~RATE~~Bank, ~~CLASS~~N.A. ~~PRINCIPAL~~Securities ~~BALANCE~~Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (1301) ~~RATE~~ 815-~~--------------------------------------------------------------------------------------------~~6600 Fax: (301) 815-~~--------------------------------------------------------------------------------------------~~6660 ACertificateholder Distribution Summary Certificate Certificate Beginning Class Pass-1Through $Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 70069FBL0 SEN 2.22500% 1,~~137~~126,~~320~~228,~~000~~405.64 ~~Variable~~2,227,429.51 ~~M-4~~19,744,665.43 $A2 3570069FBM8 SEN 2.31250% 197,~~000~~363,~~000~~079.65 ~~Variable~~405,690.77 A-3,511,868.84 A3 70069FBN6 SEN 2.08250% $130,336,730.05 ~~200~~241,~~000~~267.77 4,~~000~~226,182.97 ~~Variable~~A4 ~~M-5~~70069FBP1 $SEN 302.27250% 63,~~000~~490,000.00 ~~Variable~~128,249.80 ~~A-3~~0.00 $A5 ~~133~~70069FBQ9 SEN 2.48250% 43,~~510~~680,000.00 ~~Variable~~96,387.20 ~~M-6~~0.00 $M1 3070069FBR7 MEZ 2.56250% 77,000,000.00 ~~Variable~~175,388.89 ~~A-4~~0.00 $M2 6370069FBS5 MEZ 2.59250% 60,~~490~~000,000.00 ~~Variable~~138,266.67 ~~M-7~~0.00 $M3 2570069FBT3 MEZ 2.63250% 40,000,000.00 ~~Variable~~93,600.00 ~~A-5~~0.00 $M4 4370069FBU0 MEZ 3.08250% 35,~~680~~000,000.00 ~~Variable~~95,900.00 ~~M-8~~0.00 $M5 2070069FBV8 MEZ 3.13250% 30,000,000.00 ~~Variable~~83,533.33 ~~M-1~~0.00 $M6 7770069FBW6 MEZ 3.33250% 30,000,000.00 ~~Variable~~88,866.67 ~~M-9~~0.00 $M7 2070069FBX4 MEZ 3.78250% 25,000,000.00 ~~Variable~~84,055.56 ~~M-2~~0.00 $M8 6070069FBY2 MEZ 3.88250% 20,000,000.00 ~~Variable~~69,022.22 ~~M-10~~0.00 $M9 70069FBZ9 MEZ 5.43250% 20,000,000.00 ~~Variable~~96,577.78 ~~M-3~~0.00 $M10 4070069FCA3 MEZ 4.68250% 20,000,000.00 ~~Variable~~83,244.44 ~~=============================================================================================~~0.00 CE PPS4WH1CE SUB 0.00000% 64,999,999.72 7,328,919.64 0.00 P PPS04WH1P SEN 0.00000% 100.00 267,147.86 0.00 R PPS4WH1R1 RES 0.00000% 0.00 0.00 0.00 Totals 1,983,098,315.06 11,703,548.11 27,482,717.24

~~INDEX~~Certificateholder TODistribution ~~EXHIBITS~~Summary ~~Sequentially~~(continued) ~~Exhibit~~Current NoEnding Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~Description~~1,106,483,740.21 ~~Numbered~~21,972,094.94 ~~Page~~0.00 ~~-----------~~A2 ~~-----------~~0.00 ~~-------------~~193,851,210.81 3,917,559.61 0.00 A3 0.00 126,110,547.09 4,467,450.174 ~~Pooling~~0.00 ~~and~~A4 ~~Servicing~~0.00 ~~Agreement~~63,490,000.00 ~~dated~~128,249.80 as0.00 ofA5 ~~September~~0.00 143,680,000.00 796,387.20 ~~2004~~0.00 M1 0.00 77,000,000.00 by175,388.89 ~~and~~0.00 ~~among~~M2 ~~Park~~0.00 ~~Place~~60,000,000.00 ~~Securities~~138,266.67 ~~Inc~~0.00 asM3 ~~Depositor~~0.00 40,000,000.00 ~~HomEq~~93,600.00 ~~Servicing~~0.00 ~~Corporation~~M4 as0.00 ~~Master~~35,000,000.00 ~~Servicer~~95,900.00 ~~and~~0.00 ~~Wells~~M5 ~~Fargo~~0.00 ~~Bank~~30,000,000.00 N83,533.A33 0.00 asM6 ~~Trustee~~0.00 ~~relating~~30,000,000.00 to88,866.67 0.00 M7 0.00 25,000,000.00 84,055.56 0.00 M8 0.00 20,000,000.00 69,022.22 0.00 M9 0.00 20,000,000.00 96,577.78 0.00 M10 0.00 20,000,000.00 83,244.44 0.00 CE 0.00 64,999,999.72 7,328,919.64 0.00 P 0.00 100.00 267,147.86 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,955,615,597.83 39,186,265.35 0.00 All distributions required by the ~~Series~~Pooling ~~2004-WHQ1~~and ~~Certificates~~Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

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