Item 1. Business.
Omitted.
Item 2.
Item 2. Properties.
See Item 15(a), Exhibits 99.1, 99.2, and 99.3, for information provided in lieu of information required by Item 102 of Regulation S-K.
Item 3.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings involving the trust created under the Pooling and Servicing Agreement (the Trust), the Trustee, the Servicer or the registrant with respect to the Trust other than routine litigation incidental to the duties of the respective parties.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
No established public trading market for the Certificates exists.
Records provided to the Trust by the DTC and the Trustee indicate that as of December 31, 2003, the number of holders of record for each class of Certificate were as follows:
Class A1 3 Class A2 3 Class A3-A 5 Class A3-B 5 Class A-IO 5 Class B-IO 1 Class M1 6 Class M2 7 Class M3 3 Class M4 3 Class M5 3 Class M6 10 Class P 1 Class R 1 Class R-I 1 Class R-II 1 Class R-III 1 Class RIV 1 Class RV 1 Class X 1
Total: 62
Item 6.
Item 6. Selected Financial Data.
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
See Item 15(a), Exhibits 99.1, 99.2, 99.3, for information provided in lieu of information required by Item 302 of Regulation S-K.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 9A.
Item 9A. Controls and Procedures.
Not applicable.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
(31.1) Rule 13a-14(a)/15d-14(a) Certification
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 2003.
(99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 2003.
(99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 2003.
Filed herewith.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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:
Asset Backed Securities Corporation Home Equity Loan Trust Asset Backed Pass-Through Certificates Series 2003-HE6 (Registrant)
Signed: Asset Backed Securities Corporation as Depositor
By: Greg Richter, Vice President
By: /s/ Greg Richter, Vice President
Dated: March 29, 2004
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
(a)(i) No annual report is provided to the Certificateholders other than with respect to aggregate principal and interest distributions.
(a)(ii) No proxy statement, form of proxy or other proxy soliciting material has been sent to any Certificateholder with respect to any annual or other meeting of Certificateholders.
Exhibit Index
Exhibit No.
Ex-31.1 Rule 13a-14(a)/15d-14(a) Certification
I, Greg Richter, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution and servicing reports filed in respect of periods included in the year covered by this annual report, of Asset Backed Securities Corporation Home Equity Loan Trust Series 2003-HE6 (the "Trust");
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution information required to be prepared by the Trustee based upon the servicing information required to be provided by the Servicer under the Pooling and Servicing Agreement is included in these reports;
4. Based on my knowledge and upon the annual compliance statements included in the report and required to be delivered to the Trustee in accordance with the terms of the Pooling and Servicing Agreement and based upon the review required under the Pooling and Servicing Agreement, and except as disclosed in the report, the Servicer has fulfilled its obligations under the Pooling and Servicing Agreement; and
5. The reports disclose all significant deficiencies relating to the Servicer's compliance with the minimum servicing standards based, in each case, upon the reports provided by an independent public accountant,after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar standard as set forth in the Pooling and Servicing Agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on the information provided to me by the following unaffiliated parties: Option One Mortgage COrporation, as Servicer and Wells Fargo Bank N.A. as Trustee.
Date: March 29, 2004
/s/ Greg Richter Signature
Vice President Title
Ex-99.1
(logo) KPMG
KPMG LLP Suite 2000 355 South Grand Avenue Los Angeles. CA 90071-1568
Independent Accountants' Report
The Board of Directors and Stockholder Option One Mortgage Corporation:
We have examined management's assertion that Option One Mortgage Corporation complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers as of and for the year ended December 31, 2003. Management is responsible for Option One Mortgage Corporation's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Option One Mortgage Corporation's compliance with the minimum servicing standards specified above and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Option One Mortgage Corporation's compliance with the minimum servicing standards.
In our opinion, management's assertion that Option One Mortgage Corporation complied with the aforementioned minimum servicing standards during the year ended December 31, 2003 is fairly stated, in all material respects.
/s/ KPMG LLP
Ex-99.2
(logo)
OPTION ONE Mortgage Corporation
Management Assertion
As of and for the year ended December 31, 2003, Option One Mortgage Corporation complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. As of and for this same period, Option One Mortgage Corporation had in effect a fidelity bond and errors and omissions policy in the amounts of $15,000,000 and $15,000,000, respectively.
/s/ Robert E. Dubrish Robert E. Dubrish, Cheif Executive Officer
/s/ William L. O'Neill William L. O'Neill, Cheif Financial Officer
/s/ Sheridan Brooks Sheridan Brooks, Controller
/s/ John A. Vella John A. Vella, Cheif Servicing Officer
Ex-99.3
(Logo) Option One Mortgage an H&R BLOCK Company
(Logo) H&R BLOCK
March 15, 2004
Wells Fargo Bank Minnesota, National Association 9062 Old Annapolis Road MAC-N2702-011 Columbia, MD 21045-1951 Attention: ABSC 2003-HE6 Inv# 254
Asset Backed Securities Corporation 11 Madison Avenue New York, NY 10010
Fitch, Inc. One State Street Plaza New York, NY 10004 Attention: ABSC Home Equity Loan Trust 2003-HE6
Standard & Poor's Rating Services 55 Water Street New York, NY 10041 Attention: Structured Finance Surveillance Group
Moody's Investors Service, Inc. 99 Church Street New York, NY 10007
Credit Suisse First Boston International One Cabot Square London E14 4QJ, England
Asset Backed Pass-Through Certificates, Series 2003-HE6
Pursuant to Section 3.20 of the Pooling and Servicing Agreement, dated and effective as of November 1, 2003, (the "Agreement") among Asset backed Securities Corporation as Depositor, DLJ Mortgage Capital, Inc., as Seller, Option One Mortgage Corporation, as Servicer, and Wells Fargo Bank Minnesota, N.A, as Trustee, I certify that:
1. A review of the activities of the Master Servicer, during the calendar year ended December 31, 2003, and of performance under the aforementioned agreement has been made under my supervision.
2. To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Agreement during the calendar year ended December 31, 2003, subject to any matters noted in the servicing report provided under Section 3.21 of the Agreement.
/s/ William L. O'Neill William L. O'Neill Senior Vice President\Chief Financial Officer Option One Mortgage Corporation
www.optiononeonline.com
6501 Irvine Center Drive . Irvine . California . 92618 . 800 326 1500 (Logo) .. Fax 949 784 6032 10K