secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001407200-24-000029
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Master Trust I portfolio: $28.64B receivables, 12.9M accounts as of Sep 30, 2024
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- Total receivables $28,642,891,896.50 across 12,882,452 accounts; average active balance $3,369.
- Delinquency rate 1.70% (30+ days) vs. prior period; 0.38% of accounts delinquent.
- Geographic concentration: top 9 states (TX, CA, NY, FL, IL, PA, OH, NJ, GA) comprise 51.06% of receivables.
- Credit limit >$15K represents 74.06% of receivables; 67.52% of receivables from FICO 720+.
- Full balance payment rate 26.31%; avg monthly balance reduction from refunds/fraud 0.75% in 9M 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720024000029/0001407200-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894327/000140720024000029/qtrly_dcmtxdcentxasofsepte.htm
  HTML page:      https://secwatch.observer/filing/0001407200-24-000029

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