LEHMAN ABS CORP GOLDMAN SACHS CAP 1 SEC BACKED SER 2004-6 — Cyborg Score 4/10
Mixed
Capital Markets
Strategic Profile
The trust operates as a structured finance vehicle created in 2004 to securitize Goldman Sachs debt instruments. The entity continues to make regular distributions to certificate holders, such as the $431,333.10 distribution paid in (March 2026).
Cyborg Score Rationale
This is a specialized structured finance vehicle with limited operational activity—primarily serving as a pass-through trust for debt payments. While it maintains active SEC filings and regular distributions, its viability is entirely dependent on the underlying Goldman Sachs Capital I securities and residual cash flows 20+ years after origination.
Top Insights
Originated in 2004 as a securities-backed trust structure—now 22 years old and approaching natural run-off
As of August 2025, trust administrator changed to SCS LABS Corporation with ongoing distributions
Recent distribution activity (March 2026) confirms trust remains solvent with residual asset value
No competitive positioning—trust is a passive conduit with no business operations
Recent Developments
(August 2025) Trust administration transferred to SCS LABS Corporation
(March 2026) Paid $431,333.10 distribution to certificate holders
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