secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001407200-24-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Trust portfolio: $30.44B receivables, 1.59% delinquency rate as of Dec 31, 2023
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- Total receivables $30.44B from 13.38M accounts; average balance $3,438, average credit limit $13,892.
- Delinquent receivables 1.59% ($483.5M); accounts delinquent 0.39% (51,510 accounts).
- FICO scores: 68.87% of receivables from accounts with score 720+, 23.93% 660-719, 4.96% 600-659.
- Payment rates: full balance payment rate 26.20%; minimum payment rate 6.23% for month ended Dec 31, 2023.
- Geographic concentration: top 9 states (TX, CA, NY, FL, IL, PA, OH, NJ, GA) comprise ~50.99% of receivables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720024000003/0001407200-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720024000003/qtrly_dcmtxdcentxasofdecem.htm
  HTML page:      https://secwatch.observer/filing/0001407200-24-000003

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