Business Context and Reporting Period
This Form 8-K is a current report filed by Structured Products Corp. regarding the Credit Enhanced CorTS Trust for Aon Capital A. The report covers a specific distribution event with a reporting date of January 1, 2006. The filing serves to notify holders of the 8.205% Corporate-Backed Trust Securities (CorTS) Certificates of the distribution details for that date.
Key Financial Metrics
- Distribution per Certificate: $1.025625 per $25 Certificate.
- Principal Component: $0.000000.
- Interest Component: $1.025625.
- Aggregate Outstanding Principal: $40,170,000 (represented by 1,606,800 Certificates).
- Underlying Assets: $40,170,000 aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027.
- Unpaid Interest: $0.000000.
- Trustee Fees: No fees were paid from the proceeds of the Term Assets.
Material Changes
The filing does not provide comparative financial data or a prior period to establish material changes in revenue, profit, or margins. The document is a routine notification of a scheduled interest distribution rather than a report on operational performance changes.
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, nor have they verified the accuracy or completeness of such documents. There is no assurance that undisclosed events affecting the underlying securities have not occurred.
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 directly for rating information.
Outlook: No forward-looking guidance or outlook is provided in this filing.
Investor Verification Checklist
- Verify the current credit rating of the underlying Aon Capital A 8.205% Capital Securities due 2027, as it is not included in this report.
- Confirm the accuracy of the $1.025625 interest payment per $25 certificate against the trust's payment schedule.
- Review periodic reports filed by the underlying issuer (Aon Capital) to assess any undisclosed events that may affect the trust's assets.
- Validate the outstanding certificate count of 1,606,800 and the aggregate principal balance of $40,170,000.