Item 1. Business.
Not Applicable
Item 1A.
Item 1A. Risk Factors.
Not Applicable
Item 1B.
Item 1B. Unresolved Staff Comments.
Not Applicable
Item 2.
Item 2. Properties.
Not Applicable
Item 3.
Item 3. Legal Proceedings.
None
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None
PART II
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Not Applicable
Item 6.
Item 6. Selected Financial Data.
Not Applicable
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Not Applicable
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Not Applicable
Item 8.
Item 8. Financial Statements and Supplementary Data.
Not Applicable
Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
None
Item 9A.
Item 9A. Controls and Procedures.
Not Applicable
Item 9A(T). Controls and Procedures.
Not Applicable
Item 9B.
Item 9B. Other Information.
None
PART III
Item 10.
Item 10. Directors, Executive Officers, and Corporate Governance.
Not Applicable
Item 11.
Item 11. Executive Compensation.
Not Applicable
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Not Applicable
Item 13.
Item 13. Certain Relationships and Related Transactions, and Director Independence.
None
Item 14.
Item 14. Principal Accountant Fees and Services.
Not Applicable
SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J(2) TO FORM 10-K.
Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information). See Introductory Note
Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Information Regarding Significant Enhancement Providers). No applicable updates
Item 1115(b) of Regulation AB. Certain Derivatives Instruments (Financial Information). No applicable updates
Item 1117 of Regulation AB. Legal Proceedings.
No applicable updates
Item 1119 of Regulation AB. Affiliations and Certain Relationships and Related Transactions. No applicable updates
Item 1122 of Regulation AB. Compliance with Applicable Servicing Criteria See Exhibits 33.1 and 34.1 to this Form 10-K
Item 1123 of Regulation AB. Servicer Compliance Statement. See Exhibit 35 to this Form 10-K
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules.
(a) The following documents have been filed as part of, or incorporated by reference into, this annual report.
1. None
2. None
3. The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index.
(b) The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index.
(c) None.
SIGNATURE
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Select Asset Inc., as Depositor for the Trust (the "Registrant")
By: /s/ Scott Barek -------------------------------------------- Name: Scott Barek Title: Senior Vice President (senior officer in charge of securitization of the depositor)
Dated: March 26, 2008
EXHIBIT INDEX
- -------------------------------------------------------------------------------- Reference Number per Exhibit Item 601 of Number in Regulation SK Description of Exhibits this Form 10-K - -------------------------------------------------------------------------------- (4.1) Exhibit 4.1: Standard Terms for Trust 4.1 Agreement (Filed as part of the Current Report on Form 8-K filed on November 15, 2006 under the Commission file number of the Depositor). - -------------------------------------------------------------------------------- Exhibit 4.2: Series Supplement (Filed as part of the Current Report on Form 8-K filed (4.2) on November 15, 2006 under the Commission 4.2 file number of the Issuing Entity). - -------------------------------------------------------------------------------- (31.1) Rule 15d - 14(d) Certification by Senior 31.1 Vice President of the Registrant. - -------------------------------------------------------------------------------- (33.1) Item 1122 Report on Assessment of Compliance 33.1 with Applicable Servicing Criteria - -------------------------------------------------------------------------------- (34.1) Attestation Report of Ernst & Young LLP 34.1 - -------------------------------------------------------------------------------- (35) Item 1123 Certification 35 - --------------------------------------------------------------------------------