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 1, 2009. The Trust holds $40,170,000 in aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027 (the "Term Assets") issued by Aon Corporation.
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | January 1, 2009 |
| Aggregate Principal Balance Outstanding | $40,170,000 |
| Number of Certificates Outstanding | 1,606,800 |
| Distribution per $25 Certificate (Principal) | $0.000000 |
| Distribution per $25 Certificate (Interest) | $1.025625 |
| Total Distribution per $25 Certificate | $1.025625 |
| Accrued Interest Due and Unpaid | $0.000000 |
| Trustee Fees Paid from Proceeds | None |
Material Changes
The filing does not provide comparative financial data or prior period metrics to assess material changes in revenue, profit, or margins. The report is strictly a notification of a scheduled distribution event. No principal payments were made during this period; the distribution consisted entirely of interest.
Guidance, Outlook, and Risks
- Management Commentary: The filing contains no forward-looking guidance or management outlook. It is a procedural notice from the Trustee (U.S. Bank Trust National Association).
- 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 for current ratings.
- Contingencies and Risks: The filing explicitly states that neither Structured Products Corp. nor the Trustee has verified the accuracy or completeness of the reporting documents filed by the underlying issuer (Aon Corporation). There is no assurance that undisclosed events affecting the issuer have not occurred.
Investor Verification Checklist
- Verify the current credit rating of Aon Corporation and the specific Term Assets with rating agencies, as this report does not include them.
- Confirm the accuracy of the $1.025625 interest distribution per $25 certificate against the 8.205% coupon rate and the specific accrual period.
- Review recent periodic reports (10-K/10-Q) filed by Aon Corporation (File No. 001-07933) to assess the financial health of the underlying issuer.
- Confirm that no principal payments were expected or missed for this distribution date.