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, 2010. The registrant is a special purpose entity (the "Trust") established by Structured Products Corp. (the "Depositor") to issue Credit-Enhanced Corporate-Backed Trust Securities (Credit-Enhanced CorTS) Certificates. The Trust holds underlying securities issued or guaranteed by Aon Corporation (Exchange Act File No. 001-07933). The Certificates are listed on the New York Stock Exchange and are held by Cede & Co. as nominee for The Depository Trust Company. All common stock of the Registrant is held by Citigroup Global Markets Holdings Inc.
Key Financial Metrics
The filing explicitly states that Item 6 (Selected Financial Data), Item 7 (Management's Discussion and Analysis), and Item 8 (Financial Statements) are None or Not Applicable. Consequently, the filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the Trust itself. The Trust operates as a pass-through vehicle, and financial performance is derived from the underlying Aon Corporation securities.
Material Changes
No material changes to the Trust's structure or operations are disclosed in this filing. The document notes that distribution reports filed on Form 8-K during the fiscal year serve in lieu of quarterly reports (Form 10-Q). Two distribution statements were filed during the period:
- January 4, 2010 Distribution Date (filed Jan 15, 2010).
- July 1, 2010 Distribution Date (filed July 13, 2010).
Guidance, Outlook, and Risks
Guidance and Outlook: The filing contains no management commentary, guidance, or outlook regarding future performance.
Risks and Contingencies: The filing includes a standard disclaimer that neither the Depositor nor the Trustee has verified the accuracy of reports filed by the underlying issuer (Aon Corporation). There is no assurance that events affecting Aon Corporation have not occurred that would impact the underlying securities. The filing relies on the "CABCO" no-action letter, exempting the registrant from responding to various standard 10-K items.
Investor Verification Checklist
- Underlying Issuer Health: Verify the current financial status and credit rating of Aon Corporation, as the Trust's performance is entirely dependent on it.
- Distribution History: Review the specific Form 8-K filings referenced (Jan 15, 2010, and July 13, 2010) for actual distribution amounts paid to certificate holders.
- Trust Status: Confirm the current status of the Trust and whether it remains active or has been liquidated, as this 2010 filing does not provide current operational data.
- Ownership Structure: Note that the Registrant is a wholly-owned subsidiary of Citigroup Global Markets Holdings Inc., which may influence administrative decisions.