secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2022-04-14T23:59:59+00:00
Accession:  0001407200-22-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Master Trust I reports portfolio data as of March 31, 2022: $24.04B receivables
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- Total receivables $24,035,434,782; 12,840,764 accounts; average balance $2,963 on active accounts.
- Delinquency rate (30+ days) of 1.09% of receivables; 0.27% of accounts delinquent.
- 69.7% of receivables have credit limits over $15,000; 66.29% of receivables have FICO scores 720+.
- Minimum monthly payment rate 5.76%; full balance payment rate 27.52% for March 2022.
- All accounts are at least 60 months old; average monthly balance reduction (returns/fraud) was 0.87%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720022000012/0001407200-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720022000012/qtrly_dcmtxdcentxasofmarch.htm
  HTML page:      https://secwatch.observer/filing/0001407200-22-000012

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