Business Context and Reporting Period
This Form 8-K is a current report filed by Structured Products Corp. on July 1, 2005, regarding the Credit Enhanced CorTS Trust for Aon Capital A. The filing serves as a notice of a distribution made to holders of the 8.205% Corporate-Backed Trust Securities (CorTS) Certificates (CUSIP: 22532R101) on the Distribution Date of July 1, 2005.
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 aggregate principal balance.
- Underlying Assets: $40,170,000 aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027.
- Unpaid Interest: $0.000000.
- Trustee Fees: No fees were paid to the Trustee or other parties from the proceeds of the Term Assets.
Material Changes
The filing does not provide comparative financial data or material changes versus prior periods. It is a routine distribution notice for the specified date.
Guidance, Outlook, and Risks
- Rating Information: The current rating of the Term Assets is not provided in this report. Investors are directed to contact Standard & Poor's or Moody's for rating information.
- Due Diligence Disclaimer: Neither Structured Products Corp. nor the trustee participated in the preparation of the issuer's reporting documents, verified their accuracy, or conducted due diligence. There is no assurance that undisclosed events have not occurred that would affect the accuracy of publicly available documents.
- Outlook: No forward-looking guidance or management commentary regarding future performance is included in this filing.
Investor Verification Checklist
- Verify the current credit rating of the underlying Aon Capital A 8.205% Capital Securities with rating agencies, as it is not listed in the filing.
- Confirm the receipt of the $1.025625 interest distribution per $25 certificate.
- Review periodic reports filed by the issuer of the underlying securities (Aon Capital) for any undisclosed events affecting the trust assets.
- Note that the trustee has not verified the accuracy of the issuer's public disclosures.