secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001407200-23-000020
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Master Trust I portfolio update as of June 30, 2023: $25.0B receivables, 1.41% delinquency rate
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- Total receivables $25.0B across 12.0M accounts; average account balance $3,246 and average credit limit $13,860.
- 100% of accounts are seasoned 60+ months; 67.85% of receivables from FICO scores 720+.
- Delinquency rate 1.41% of receivables (30+ days); top 9 states comprise ~51% of receivables (TX 8.79%, CA 7.32%).
- Monthly minimum payment rate 5.72%; full balance payment rate 26.86%; average monthly balance reduction rate 0.81% for six months ended June 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720023000020/0001407200-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720023000020/qtrly_dcmtxdcentxasofjune3.htm
  HTML page:      https://secwatch.observer/filing/0001407200-23-000020

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