secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001407200-23-000004
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Trust portfolio: $25.76B receivables, 12.27M accounts, 1.27% delinquency as of Dec 2022
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- Total receivables $25.76B, total accounts 12.27M; average account balance $3,256, avg credit limit $13,694.
- Top states by receivables: Texas 8.74%, California 7.30%, New York 6.31%, Florida 6.08%.
- Delinquency: 30+ days $326.7M (1.27% of receivables); accounts delinquent 39,225 (0.32%).
- FICO score: 67.8% of receivables from accounts with score 720+; 2.08% below 600.
- Payment rates: minimum monthly 5.95%, full balance 26.36%; balance reduction avg 0.88%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720023000004/0001407200-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720023000004/qtrly_dcmtxdcentxasofdecem.htm
  HTML page:      https://secwatch.observer/filing/0001407200-23-000004

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