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 3, 2011. The Trust holds capital securities issued by Aon Corporation as underlying assets.
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | January 3, 2011 |
| Underlying Asset (Term Assets) | Aon Capital A 8.205% Capital Securities due January 1, 2027 |
| Aggregate Principal of Term Assets | $40,170,000 |
| Outstanding Certificates | 1,606,800 (representing $40,170,000 principal) |
| Distribution per $25 Certificate (Class A) | $1.025625 (Interest only) |
| Principal Distribution | $0.000000 |
| Accrued Unpaid Interest | $0.000000 |
| Trustee Fees Paid | None |
Material Changes
The filing does not report material changes to the Trust's structure or asset composition compared to prior periods. It serves strictly as a notification of the scheduled interest distribution for the Class A Certificates.
Guidance, Outlook, and Risks
- 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.
- Contingencies: 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.
Investor Verification Checklist
- Verify the current credit rating of Aon Corporation's 8.205% Capital Securities due 2027 with rating agencies.
- Confirm the receipt of the $1.025625 per $25 certificate interest payment.
- Review Aon Corporation's periodic SEC filings for any undisclosed events affecting the underlying securities.
- Note that the Trustee has not performed due diligence on the underlying issuer's financial health.