secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001407200-24-000011
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Master Trust I reports $29.05B in receivables as of March 31, 2024; delinquency rate 1.69%
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- Total receivables $29.047B from 13.16M accounts; average balance $3,340; average credit limit $13,980.
- Delinquent receivables 1.69% of total; 30–59 days $149M, 60–89 days $111M, 90+ days $232M.
- 67.57% of receivables from FICO scores 720+; 2.42% from scores below 600.
- Minimum monthly payment rate 6.02%; full balance payment rate 26.30% for March 2024.
- Average monthly balance reduction rate (refunds, returns, fraud) 0.73% for Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720024000011/0001407200-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720024000011/qtrly_dcmtxdcentxasofmarch.htm
  HTML page:      https://secwatch.observer/filing/0001407200-24-000011

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