Business Context and Reporting Period
This Form 8-K is a current report filed by Structured Products Corp. on behalf of the CorTS Trust for PECO Energy Capital Trust III. The report covers the distribution event dated October 31, 2007. The Trust holds $27,500,000 in aggregate principal amount of PECO Energy Capital Trust III 7.38% Capital Trust Pass-Through Securities due April 6, 2028 (the "Term Assets").
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | October 31, 2007 |
| Principal Distribution per $25 Certificate | $0.000000 |
| Interest Distribution per $25 Certificate | $1.000000 |
| Total Distribution per $25 Certificate | $1.000000 |
| Aggregate Interest Due and Unpaid | $0.000000 |
| Outstanding Certificates | 1,014,750 |
| Aggregate Certificate Principal Balance | $25,368,750 |
| Term Assets Held | $27,500,000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
The filing does not provide comparative financial data or prior period metrics to determine material changes in revenue, profit, or cash flow. The report focuses solely on the execution of the scheduled distribution for the period ending October 31, 2007.
Guidance, Outlook, and Risks
- Management Commentary: The filing includes a standard disclaimer stating that neither Structured Products Corp. nor the trustee participated in the preparation of the underlying issuer's reports, conducted due diligence, or verified the accuracy of the underlying documents.
- Risks and Contingencies: The report explicitly states there can be no assurance that events affecting the issuer (PECO Energy Company) or the underlying securities have not occurred or been disclosed that would affect the accuracy of publicly available documents.
- Ratings: The current credit rating of the Term Assets is not provided in this report. Investors are directed to contact Standard & Poor's or Moody's for rating information.
Investor Verification Checklist
- Verify the current credit rating of the PECO Energy Capital Trust III 7.38% Capital Trust Pass-Through Securities with rating agencies, as it is not included in this filing.
- Confirm the status of the underlying issuer, PECO Energy Company, by reviewing its most recent Exchange Act filings.
- Validate the calculation of the $1.000000 interest distribution per $25 certificate against the 7.38% coupon rate of the Term Assets.
- Check for any subsequent events or disclosures from PECO Energy Company that may impact the value of the Term Assets held by the Trust.