SEC Filing Summary: Structured Products Corp. (Credit-Enhanced CorTS Trust For Aon Capital A)
Business Context and Reporting Period
This Form 10-K covers the fiscal year ended December 31, 2011. The registrant is a special purpose entity established by Structured Products Corp. (the "Depositor") to issue Credit-Enhanced Corporate-Backed Trust Securities (Credit-Enhanced CorTS) Certificates. The underlying securities are issued or guaranteed by Aon Corporation (Exchange Act File No. 001-07933). The Certificates are listed on the New York Stock Exchange and held by Cede & Co. as nominee for The Depository Trust Company. All common stock of the Registrant is held by Citigroup Global Markets Holdings Inc.
Financial Metrics
The filing explicitly states that standard financial reporting items are Not Applicable pursuant to staff administrative positions (CABCO no-action letter). Consequently, the document does not provide values for:
- Revenue, profit, or cash flow.
- Operating margins.
- Debt levels or liquidity ratios.
- Selected Financial Data (Item 6).
- Financial Statements (Item 8).
Investors must refer to the periodic reports of the underlying issuer, Aon Corporation, for financial performance data.
Material Changes
The filing contains no discussion of material changes in financial condition or results of operations. The document serves primarily as a compliance filing to maintain the registration of the Certificates. Distribution statements for January 3, 2011, and July 1, 2011, were filed on Form 8-K and incorporated by reference, but specific distribution amounts are not detailed in this text.
Guidance, Outlook, and Risks
Management Commentary: Not Applicable. The Depositor and Trustee do not participate in the preparation of the underlying issuer's reports and have not verified their accuracy.
Risk Factors: The filing lists "None" for Item 1A (Risk Factors). However, the introductory note warns that there can be no assurance that events affecting the underlying issuer (Aon Corporation) have not occurred that would affect the accuracy of publicly available documents.
Outlook: No forward-looking guidance is provided in this filing.
Key Facts for Investor Verification
- Underlying Issuer: Verify the current financial health and credit rating of Aon Corporation, as the Certificates' performance depends entirely on this entity.
- Distribution History: Review the specific Form 8-K filings referenced (January 6, 2011, and July 7, 2011) to confirm actual distribution amounts received during the period.
- Ownership Structure: Confirm that all Registrant stock is held by Citigroup Global Markets Holdings Inc., indicating a pass-through structure.
- Regulatory Status: Note that the Registrant is a "Non-accelerated filer" and is not a shell company.