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 January 4, 2010. The trust holds Aon Corporation's 8.205% Capital Securities due January 1, 2027, as underlying Term Assets.
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | January 4, 2010 |
| Principal Distribution per $25 Certificate | $0.000000 |
| Interest Distribution per $25 Certificate | $1.025625 |
| Total Distribution per $25 Certificate | $1.025625 |
| Aggregate Unpaid Interest | $0.000000 |
| Aggregate Principal of Term Assets Held | $40,170,000 |
| Outstanding Certificates | 1,606,800 |
| Aggregate Certificate Principal Balance | $40,170,000 |
| 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 margins. The report focuses solely on the execution of a scheduled interest distribution.
Outlook, Risks, and Management Commentary
- Rating Information: The current credit rating of the underlying Term Assets is not provided in this report. Investors are directed to contact Standard & Poor's or Moody's for current ratings.
- Due Diligence Disclaimer: Structured Products Corp. and the Trustee explicitly state they have not participated in the preparation of the underlying issuer's reports, nor have they verified the accuracy or completeness of such documents.
- Risk Warning: There is no assurance that undisclosed events affecting the underlying issuer (Aon Corporation) have not occurred which could impact the accuracy of publicly available documents.
Key Facts for Investor Verification
- Verify the current credit rating of Aon Corporation's 8.205% Capital Securities due 2027, as it is not included in this filing.
- Confirm the status of Aon Corporation's periodic reports filed with the SEC, as the Trustee has not verified their accuracy.
- Note that the distribution consisted entirely of interest ($1.025625 per $25 certificate) with no principal repayment.
- Confirm that no fees were deducted from the Term Asset proceeds for this distribution period.