Discover Funding LLC Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Discover Funding LLC |
| Form Type | 10-K |
| Filed Date | Mar 21, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, securitization, credit-card
TL;DR
Discover's 2024 10-K is in, showing the financial state of their credit card trusts.
AI Summary
Discover Funding LLC, along with Discover Card Execution Note Trust and Discover Card Master Trust I, filed their 10-K reports for the fiscal year ending December 31, 2024. These filings, submitted on March 21, 2025, detail the financial performance and operations of these entities within the asset-backed securities sector, specifically related to credit card assets.
Why It Matters
This filing provides crucial insights into the financial health and operational status of Discover's securitization trusts, impacting investors and the broader credit card market.
Risk Assessment
Risk Level: low — This is a routine annual filing for established financial entities and does not indicate any immediate or unusual risks.
Key Players & Entities
- Discover Funding LLC (company) — Filer of the 10-K
- Discover Card Execution Note Trust (company) — Related entity filing a 10-K
- Discover Card Master Trust I (company) — Related entity filing a 10-K
- 2024 (date) — Fiscal year end
- March 21, 2025 (date) — Filing date
FAQ
What is the primary business of Discover Funding LLC and its related trusts?
The primary business of Discover Funding LLC, Discover Card Execution Note Trust, and Discover Card Master Trust I is related to asset-backed securities, specifically within the credit card asset class.
When did these entities file their 10-K reports?
These entities filed their 10-K reports on March 21, 2025.
What fiscal year does this 10-K filing cover?
This 10-K filing covers the fiscal year ending December 31, 2024.
What is the SIC code associated with these filers?
The Standard Industrial Classification (SIC) code associated with these filers is 6189, which pertains to Asset-Backed Securities.
Where are the business and mailing addresses for Discover Funding LLC?
The business and mailing addresses for Discover Funding LLC are listed as 800 Prides Crossing, Suite 100, Newark, DE 19713.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 21, 2025 regarding Discover Funding LLC.