SEC Filing Summary: Structured Products Corp. (Credit-Enhanced CorTS Trust For Aon Capital A)
Business Context and Reporting Period
This Form 10-K covers the fiscal year ended December 31, 2013. The registrant is a special purpose vehicle (SPV) established by Structured Products Corp. (the "Depositor") to issue Credit-Enhanced Corporate-Backed Trust Securities (Certificates) listed on the New York Stock Exchange. The underlying securities are issued or guaranteed by Aon plc (SEC File No. 001-07933). The filing explicitly states that the Depositor and Trustee do not conduct business operations, hold assets other than the trust assets, or have employees. Consequently, most standard business and financial reporting items are designated as "Not Applicable" pursuant to SEC staff no-action letters regarding asset-backed securities.
Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. As a pass-through trust vehicle, the financial statements and selected financial data items (Items 6 and 8) are marked as "None" or "Not Applicable" within this document. Investors must refer to the periodic reports of the underlying issuer, Aon plc, for financial performance data.
Material Changes
No material changes to operations or financial condition are reported in this filing, as the entity has no independent operations. The filing incorporates by reference two Trustee Distribution Statements filed on Form 8-K for the distribution dates of January 2, 2013 and July 1, 2013, which detail the cash flows distributed to certificate holders during the period.
Guidance, Outlook, and Risks
- Guidance and Outlook: Not applicable. The filing contains no management discussion, analysis, or forward-looking guidance.
- Risk Factors: The filing states "None" for Item 1A. However, the introductory note clarifies that the Certificates are not obligations of the Depositor or Trustee. Investors are subject to the credit risk of the underlying issuer (Aon plc) and the specific terms of the trust agreement.
- Contingencies: No legal proceedings or contingencies are reported.
Key Facts for Investor Verification
- Verify the credit rating and financial health of the underlying issuer, Aon plc, as the trust's performance is entirely dependent on it.
- Review the incorporated Form 8-K Distribution Statements (filed Jan 11, 2013, and July 3, 2013) for actual distribution amounts paid to investors.
- Confirm that the Certificates are listed on the New York Stock Exchange and held by Cede & Co. (DTC nominee).
- Note that all common stock of the Registrant is held by Citigroup Global Markets Holdings Inc.
- Understand that this filing is a compliance document for the trust vehicle and does not contain standalone financial statements or operational data.