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 2, 2007. 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
- Distribution per Certificate: $1.025625 per $25 Certificate.
- Principal Component: $0.000000.
- Interest Component: $1.025625.
- Aggregate Outstanding Certificates: 1,606,800 certificates representing $40,170,000 in principal balance.
- Unpaid Interest: $0.000000 as of the Distribution Date.
- Trustee Fees: No fees were paid from the proceeds of the Term Assets.
Material Changes
The filing does not disclose material changes to the financial condition of the Trust compared to prior periods, as it is a routine distribution notice. The aggregate principal amount of Term Assets held remains at $40,170,000.
Guidance, Outlook, and Risks
- Rating Information: 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.
- Due Diligence Disclaimer: Structured Products Corp. and the Trustee explicitly state they have not participated in the preparation of Aon Corporation's reports, nor have they verified the accuracy or completeness of such documents.
- Contingencies: There is no assurance that events affecting Aon Corporation or the underlying securities have not occurred or have not been publicly disclosed which could impact the accuracy of available information.
Investor Verification Checklist
- Verify the current credit rating of Aon Corporation's 8.205% Capital Securities due 2027 with rating agencies.
- Review Aon Corporation's most recent periodic filings (10-K, 10-Q) for any undisclosed events affecting the underlying securities.
- Confirm the calculation of the $1.025625 interest distribution against the 8.205% coupon rate and the specific accrual period.
- Check for any subsequent filings regarding the Trust or Aon Corporation that may alter the status of the Term Assets.