{"schema_version":"secwatch.filing_event.v1","accession":"0001407200-25-000013","form_type":"8-K","ticker":null,"cik":"0001407200","company_name":"Discover Card Execution Note Trust","filed_at":"2025-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.187608+00:00","generated_at":"2026-05-23T15:22:46.038839+00:00","sec_items":["6.05","8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Discover Card Master Trust I: $27.65B receivables, 12.65M accounts, 1.77% delinquent as of March 2025","bullets":["Total receivables $27.65B, 12.65M accounts, average balance $3,365, average credit limit $14,221.","66.75% of receivables from accounts with FICO score >=720; 2.78% from <600.","Delinquency rate 1.77% of total receivables (30+ days); 0.38% of accounts delinquent.","Q1 2025 average monthly balance reduction rate of 0.74% due to refunds, returns, fraud."],"urls":{"canonical":"https://secwatch.observer/filing/0001407200-25-000013","json":"https://secwatch.observer/filing/0001407200-25-000013.json","markdown":"https://secwatch.observer/filing/0001407200-25-000013.md","text":"https://secwatch.observer/filing/0001407200-25-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1407200/000140720025000013/0001407200-25-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894329/000140720025000013/qtrly_dcmtxdcentxasofmarch.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T15:22:46.038839+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}