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 July 1, 2008. The Trust holds Aon Corporation's 8.205% Capital Securities due January 1, 2027, as underlying Term Assets.
Key Financial Metrics
| Metric | Value |
|---|---|
| Aggregate Principal Amount of Term Assets | $40,170,000 |
| Outstanding Certificates | 1,606,800 |
| Aggregate Certificate Principal Balance | $40,170,000 |
| Distribution per $25 Certificate (Principal) | $0.000000 |
| Distribution per $25 Certificate (Interest) | $1.025625 |
| Total Distribution per $25 Certificate | $1.025625 |
| Unpaid Interest as of Distribution Date | $0.000000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
The filing does not provide comparative financial data or a prior period for analysis. It serves solely as a notification of the scheduled interest distribution for the period ending July 1, 2008. No principal payments were made during this distribution.
Outlook, Risks, and Contingencies
- Credit Ratings: 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 issuer's reports, nor have they verified the accuracy or completeness of information regarding Aon Corporation.
- Disclosure Risk: The filing notes there can be no assurance that undisclosed events affecting the issuer or underlying securities have not occurred.
Key Facts for Investor Verification
- Verify the current credit rating of Aon Corporation's 8.205% Capital Securities due 2027, as it is not included in this filing.
- Confirm the total cash distribution received matches the stated $1.025625 per $25 certificate.
- Review Aon Corporation's periodic reports (File No. 001-07933) for any material events affecting the underlying assets that may not be reflected in this Trust report.
- Note that no fees were deducted from the distribution proceeds for the Trustee.