secwatch.observer — SEC 8-K summary
======================================

Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001407200-24-000021
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Trust portfolio: $29.0B receivables, 1.65% delinquent as of June 30
--------------------------------------------------------------------------------

- Total receivables $29.0B across 13.0M accounts; average balance $3,376, average credit limit $14,048.
- Delinquent receivables 1.65% of total; accounts 30+ days delinquent 0.38% of total accounts.
- 68.01% of receivables from accounts with FICO score 720+; only 2.35% below 600.
- 100% of accounts seasoned 60+ months; minimum monthly payment rate 5.88%, full balance payment rate 26.06%.
- Top 3 states by receivables: Texas 8.74%, California 7.56%, New York 6.28%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720024000021/0001407200-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720024000021/qtrly_dcmtxdcentxasofjune3.htm
  HTML page:      https://secwatch.observer/filing/0001407200-24-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer