Business Context and Reporting Period
This Form 8-K is a current report filed by Structured Products Corp. on behalf of the Credit Enhanced CorTS Trust for Aon Capital A. The report covers the distribution event dated July 1, 2009. The Trust holds Aon Corporation's 8.205% Capital Securities due January 1, 2027, as the underlying Term Assets.
Key Financial Metrics
- Outstanding Principal: $40,170,000 (represented by 1,606,800 Certificates).
- Distribution per $25 Certificate: $1.025625 total, consisting entirely of interest ($1.025625) with $0.000000 allocated to principal or premium.
- Accrued Interest: $0.000000 aggregate interest due and not paid as of the Distribution Date.
- Trustee Fees: No fees were paid to the Trustee or other parties from the proceeds of the Term Assets for this period.
- Credit Rating: The current rating of the Term Assets is not provided in this filing.
Material Changes
The filing does not disclose material changes to the principal balance or the structure of the Trust compared to prior periods. The report confirms the successful payment of the scheduled interest distribution without any principal reduction or default events noted in the text.
Guidance, Outlook, and Risks
Management Commentary: The Trustee explicitly states that neither Structured Products Corp. nor the Trustee participated in the preparation of Aon Corporation's reporting documents, nor did they verify the accuracy or completeness of such documents.
Risks and Contingencies: The filing includes a disclaimer that there can be no assurance that events affecting Aon Corporation (the underlying issuer) have not occurred or have not yet been publicly disclosed which could affect the accuracy of publicly available documents. Investors are directed to contact Standard & Poor's or Moody's directly for current credit ratings.
Investor Verification Checklist
- Verify the current credit rating of Aon Corporation's 8.205% Capital Securities due 2027 with rating agencies, as it is not included in this report.
- Review Aon Corporation's periodic reports (File No. 001-07933) for any undisclosed events affecting the underlying assets.
- Confirm the receipt of the $1.025625 per $25 certificate interest payment.
- Note that the Trustee has not performed due diligence on the underlying issuer's financial health.