UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

FOR ANNUAL AND TRANSITION REPORTS

PURSUANT TO SECTIONS 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

(Mark One)

☒	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2018~~2019

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission file number 001-32387

Corporate Asset Backed Corporation, on behalf of

CABCO Series 2004-102 Trust (SBC Communications Inc.)

(Exact name of registrant as specified in its charter)


Delaware		22-3281571
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

68 South Service Road, Suite 120, Melville, New York		11747
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (631) 587-4700

Securities registered pursuant to Section 12(b) of the Act:

Title of class	Name of each Exchange on which registered
Title of each class	Trading Symbol(s)	Name of exchange on which registered
$32,500,000 CABCO Series 2004-102 Trust (SBC Communications Inc.) Collared Floating Rate Callable Certificates	~~New York Stock Exchange~~GYC	New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant has ~~delinquent~~submitted ~~filers~~electronically ~~pursuant~~every toInteractive ~~Item~~Data ~~405~~File ofrequired ~~Regulation~~to ~~S-K is not contained herein, and will not~~ be ~~contained,~~submitted pursuant to ~~the~~Rule ~~best~~405 of ~~registrant’s~~Regulation ~~knowledge,~~S-T in(§ ~~definitive~~232.405 ~~proxy~~of orthis ~~information~~chapter) ~~statements incorporated~~during bythe ~~reference~~preceding in12 ~~Part~~months ~~III~~(or offor ~~this~~such ~~Form~~shorter ~~10-K~~period that orthe ~~any~~registrant ~~amendment~~was required to ~~this~~submit ~~Form~~such ~~10-K~~files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the ~~defi~~definitions ~~nitions~~ of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

State the aggregate market value of voting and non-voting common stock held by non-affiliates of the registrant: All the common stock of Corporate Asset Backed Corporation, the depositor of the trust, is held by UBS Americas Inc., its parent.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date: As of March 2724, ~~2019~~2020, 100 shares of common stock of Corporate Asset Backed Corporation, the depositor of the trust, par value $1.00 per share, were outstanding.

INTRODUCTORY NOTE

The Registrant is a trust (the “Trust”) created by the Trust Agreement, dated as of December 15, 2004, between Corporate Asset Backed Corporation, as the depositor (the “Depositor”), and U.S. Bank Trust National Association, as trustee (the “Trustee”), providing for the issuance of $32,500,000 aggregate certificate principal balance of Collared Floating Rate Callable Certificates relating to the 6.450% Global Notes due June 15, 2034 issued by SBC Communications Inc. (the “SBC Securities”). The Certificates do not represent obligations of or interests in the Depositor or the Trustee. The Certificates represent beneficial interests in the Trust. The Trust’s assets consist primarily of $32,500,000 principal amount of the SBC Securities, all payments on or collections in respect of the SBC Securities due on and after December 15, 2004, and the rights of the Trust under the Swap Agreement, dated as of December 15, 2004, between the Trust and UBS AG, as the swap counterparty. SBC Communications Inc., the issuer of the SBC Securities, completed its acquisition of AT&T Corp. on November 18, 2005. SBC Communications Inc., now known as AT&T Inc., is subject to the informational requirements of the Securities Exchange Act of 1934, and in accordance with those requirements files periodic and current reports and other information (including financial information) with the Securities and Exchange Commission (“SEC”) (File No. 001-08610). You may read and copy any reports, statements and other information filed by AT&T Inc. (formerly SBC Communications Inc.) with the SEC ~~(a)~~ over the Internet at the SEC website at http://www.sec.gov, ~~containing~~which contains reports, proxy and information statements and other information ~~regarding~~ regarding registrants that file electronically with the SEC. The Trust, Depositor and ~~(b) at~~Trustee ~~the~~have ~~SEC’s~~not ~~public~~participated ~~reference~~in ~~room~~the atpreparation ~~450~~of ~~Fifth~~such ~~Street,~~reports ~~N.W.,~~and ~~Washington~~information, ~~D.C.~~have ~~20549.~~not ~~You~~made ~~can~~any ~~also~~due ~~request~~diligence ~~copies~~investigation ofwith ~~these~~respect ~~documents~~to ~~upon~~the ~~payment~~reports ofand information aprovided ~~copying~~therein ~~fee,~~and byhave ~~writing~~not toverified the ~~SEC’s~~ ~~public~~accuracy ~~reference~~or ~~room~~completeness atof ~~450~~such ~~Fifth~~reports ~~Street,~~or Ninformation.~~W.,~~ ~~Washington,~~There ~~D.C.~~can ~~20549.~~be ~~Please~~no ~~call~~assurance ~~the~~that ~~SEC~~events athave ~~(800) SEC-0330~~not ~~for~~occurred ~~further~~or ~~information~~have onnot ~~SBC~~yet ~~Communications~~been ~~Inc.~~publicly ordisclosed ~~AT&T~~which ~~Inc.~~would ~~and~~affect ~~please refer~~the toaccuracy ~~these~~or completeness ~~periodic~~of ~~and~~the ~~current~~publicly available reports ~~filed~~and ~~with~~information ~~the~~described ~~SEC~~above.

Part I

Item 1. Business.

Not Applicable.

Item 1A. Risk Factors

Not Applicable.

Item 1B. Unresolved Staff Comments

Not Applicable.

Item 2. Properties.

Not Applicable.

Item 3. Legal Proceedings.

None.

Item 4. Mine Safety Disclosures.

Not Applicable.

Part II

The Certificates issued by CABCO Series 2004-102 Trust (SBC Communications Inc.) represent investors’ interests in the Trust and are represented by one or more physical certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company.

The Certificates are listed on the New York Stock Exchange.

Item 6. Selected Financial Data.

Not Applicable.

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Not Applicable.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

Not Applicable.

Item 8. Financial Statements and Supplementary Data.

Not Applicable.

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

Not Applicable.

Item 9B. Other Information.

None.

Part III

Item 10. Directors, Executive Officers and Corporate Governance.

Not Applicable.

Item 11. Executive Compensation.

Not Applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

None.

Item 14. Principal Accounting Fees and Services

Not Applicable.

Part IV

Item 15. Exhibits, Financial Statement Schedules.

(a)	Not Applicable.

(b)	(1) Certification pursuant to Rule 13a-14 of the Securities Exchange Act of 1934 is filed herewith as Exhibit 31.1.

(2) The Trustee’s statement of compliance with respect to the Trust Agreement is filed herewith as Exhibit 99.1.

(3) Report of Aston Bell, CPA is filed herewith as Exhibit 99.2.

(4) Disclosure Pursuant to Section 13(r) of the Securities Exchange Act of 1934 is filed herewith as Exhibit 99.3

(5) The reports on Form 8-K filed by Corporate Asset Backed Corporation during the Fiscal Year on behalf of CABCO Series 2004-102 Trust (SBC Communications Inc.) that included distribution reports to the respective Certificate holders, are incorporated herein as Exhibits 99.4, 99.5, 99.6, 99.7 and 99.78.

(c)	Not Applicable.

EXHIBIT INDEX

Exhibit No.		Description of Document
31.1		Rule 13a-14 Certification.
99.1		Trustee ~~Statement~~Annual of Compliance Report with respect to CABCO Series 2004-102 Trust (SBC Communications Inc.).
99.2		Report of Aston Bell, Certified Public Accountant.
99.3		Disclosure Pursuant to Section 13(r) of the Securities Exchange Act of 1934
99.4*		8-K ~~Reports~~Report filed March 2226, ~~2018~~2019
99.5*		8-K ~~Reports~~Report filed ~~June~~July 2016, ~~2018~~2019
99.6*		8-K/A ~~Reports~~Report filed ~~September~~August 261, ~~2018~~2019
99.7*		8-K ~~Reports~~Report filed ~~December~~September 2023, ~~2018~~2019
99.8*		8-K Report filed January 10, 2020

* Previously filed with the Securities and Exchange Commission.

SIGNATURES

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 on this March 2725, ~~2019~~2020.

CORPORATE ASSET BACKED CORPORATION


CORPORATE ASSET BACKED CORPORATION as Depositor of the CABCO Series 2004-102 Trust (SBC Communications Inc.)

By:		/s/ Lee Thompson
Name:		Lee Thompson
Title:		Vice President

as Depositor of the

CABCO Series 2004-102 Trust (SBC Communications Inc.)

By: /s/ Lee Thompson Name: Lee Thompson Title: Vice President

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

Filing Compare · CABCO SERIES 2004-102 TRUST (SBC COMMUNICATIONS INC.)