secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001407200-23-000028
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card securitization trust: $24.79B receivables, 1.62% delinquency at Sept 30, 2023
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- Total receivables $24,790,752,440 across 11,928,566 accounts; average active balance $3,263.
- Delinquent receivables 30+ days total $404,059k (1.62% of outstanding).
- 67.11% of receivables came from accounts with FICO score ≥720; 2.43% below 600.
- Full balance payment rate 25.66%, minimum monthly payment rate 5.65% for Sept 2023.
- Average monthly balance reduction (refunds/returns/fraud) 0.80% for 9 months ended Sept 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720023000028/0001407200-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720023000028/qtrly_dcmtxdcentxasofsepte.htm
  HTML page:      https://secwatch.observer/filing/0001407200-23-000028

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