secwatch.observer — SEC 8-K summary
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Issuer:     Discover Card Execution Note Trust (—)
CIK:        0001407200
Form:       8-K
Filed at:   2025-04-14T23:59:59+00:00
Accession:  0001407200-25-000013
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 6.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover Card Master Trust I: $27.65B receivables, 12.65M accounts, 1.77% delinquent as of March 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407200/000140720025000013/0001407200-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894329/000140720025000013/qtrly_dcmtxdcentxasofmarch.htm
  HTML page:      https://secwatch.observer/filing/0001407200-25-000013

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