STRUCTURED PRODUCTS CORP TRUST SERIES S&P 1999-2
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The Certificates representing investors' interest in the Trust 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 American Stock Exchange.
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Not Applicable   Item 8.      Financial Statements and Supplementary Data                None
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Information required by Item 201(d) of Regulation S-X: Not               applicable               Information required by Item 403 of Regulation S-X: None
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Not Applicable                                      PART IV
(a)     The following documents are also filed as part of this Report:          3.  Exhibits:              31.1     Certification by Assistant Vice President and Finance                     Officer of the Registrant pursuant to 15 U.S.C. Section                     7241, as adopted pursuant to Section 302 of the                     Sarbanes-Oxley Act of 2002.             99.1     Annual Compliance Report by Trustee.             99.2     Report of Aston Bell, CPA   (b)     The following reports on Form 8-K were filed during the period covered by this report and are hereby incorporated by reference:                None  (c)     See item 15(a)(3) above.                                        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.                                   Structured Products Corp., as depositor for the                                  Trust (the "Registrant")     Dated:  March 24, 2006              By:      /S/ GLADYS ZACCHINO                                              -----------------------                                     Name:    Gladys Zacchino                                     Title:   Assistant Vice President and                                              Finance Officer                                                                          Exhibit 31.1                                     CERTIFICATION   I, Gladys Zacchino, certify that:  1.          I have reviewed this annual report on Form 10-K filed by Structured Products Corp., on behalf of TIERS Callable Principal-Protected Asset Backed Certificates Trust Series S&P 1999-2;  2.          Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;  3.          Based on my knowledge, the distribution or servicing information required to be provided to the depositor by the trustee under the pooling and servicing, or similar agreement, for inclusion in these reports is included in these reports;  4.          I am responsible for reviewing the activities performed by the depositor and the trustee under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the depositor and trustee have each fulfilled its obligations under that agreement; and  5.          The reports disclose all significant deficiencies relating to the compliance by the trustee and the depositor with the minimum servicing or similar standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar agreement, that is included in these reports.  In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: The Bank of New York Trust Company (Cayman) Limited and The Bank of New York.                                       By:        /S/ GLADYS ZACCHINO                                        --------------------------------                                        Name:   Gladys Zacchino                                        Title:  Assistant Vice President and                                                Finance Officer                                        Date:   March 24, 2006                                                                          Exhibit 99.1                               ANNUAL COMPLIANCE REPORT           The undersigned, being an officer of The Bank of New York Trust Company (Cayman) Limited, as trustee (the "Trustee"), with respect to the TIERS Callable Principal-Protected Asset-Backed Trust Certificates, Series S&P 1999-2, listed in this Structured Products Corp.'s annual report on Form 10-K for the fiscal year ended December 31, 2005 (the "Annual Report"), certifies as follows:  1.       The Trustee is the trustee under the trust agreement.  2.       To my knowledge, the Trustee has performed its duties in accordance with the terms of the trust agreement.                                                 /S/ DAVID TITCOMBE                                             ---------------------------------                                             Name:   David Titcombe                                             Title:  Director                                             Date:   March 24, 2006                                                                          Exhibit 99.1                                                                      (continued)                                ANNUAL COMPLIANCE REPORT           The undersigned, being an officer of The Bank of New York, as co-trustee (the "Co-Trustee"), with respect to the TIERS Callable Principal-Protected Asset-Backed Trust Certificates, Series S&P 1999-2, listed in this Structured Products Corp.'s annual report on Form 10-K for the fiscal year ended December 31, 2005 (the "Annual Report"), certifies as follows:  1.       The Co-Trustee is the co-trustee under each trust agreement.  2.       To my knowledge, the Co-Trustee has performed its duties in accordance with the terms of the trust agreements.                                           /s/   HUGO GINDRAUX                                     -----------------------------                                     Name:   Hugo Gindraux                                     Title:  Vice President                                     Date:   March 24, 2006                                                                         Exhibit 99.2                             Independent Accountant's Report   Structured Products Corp., as Depositor 388 Greenwich Street, 10th Floor New York, New York 10013  The Bank of New York, as Trustee 101 Barclay Street, 21W Global Structured Products Unit New York, NY 10286  Re:      TIERS Callable Principal-Protected Asset Backed Certificates,          Trust Series S&P 1999-2 (the "Trust")          --------------------------------------------------------------  Ladies and Gentlemen:  We have examined management's assertions that the Depositor and the Trustee have complied, in all material respects, with the provisions of the Base Trust Agreement dated as of December 9, 1999, as supplemented by the TIERS Callable Principal-Protected Asset Backed Certificates Supplement Series S&P 1999-2, dated as of December 9, 1999 (together, the "Trust Agreement"), during the period covered by the annual report on Form 10-K filed by the Depositor on behalf of the Trust for the year ended December 31, 2005 (the "Annual Report"). Management is responsible for compliance with the Trust Agreement. Our responsibility is to express an opinion on management's assertions based on our examination.  Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Depositor's and the Trustee's compliance with the Trust Agreement and performing such other procedures as considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.  In our opinion, the Depositor and the Trustee have complied, in all material respects, with the Trust Agreement during the period covered by the Annual Report and management's assertions with respect to such compliance are fairly stated, in all material respects, for the year ended December 31, 2005.   /s/ Aston Bell, CPA  New York, New York March 27, 2006                                         EXHIBIT INDEX     Exhibit                                                                  Page     31.1     Certification by Assistant Vice President and Finance              Officer of the Registrant pursuant to 15 U.S.C. Section              7241, as adopted pursuant to Section 302 of the              Sarbanes-Oxley Act of 2002.      99.1     Annual Compliance Reports by Trustees and Co-Trustee              pursuant to 15 U.S.C. Section 7241.      99.2     Report of Aston Bell & Associates.    -----END PRIVACY-ENHANCED MESSAGE-----