Discover Card Trust I Reports Servicer/Trustee Change
| Field | Detail |
|---|---|
| Company | Discover Card Master Trust I |
| Form Type | 8-K |
| Filed Date | May 20, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-backed-securities, servicer-change, trustee-change
TL;DR
Discover Card Trust I changed its servicer/trustee on 5/20/2025. #ABS #CreditCard
AI Summary
Discover Card Master Trust I, through Discover Funding LLC and Discover Card Execution Note Trust, has filed an 8-K on May 20, 2025, reporting a change in its servicer or trustee. This filing also includes financial statements and exhibits related to its credit card asset-backed securities.
Why It Matters
Changes in servicers or trustees for asset-backed trusts can impact the administration and performance of the underlying assets, potentially affecting investors.
Risk Assessment
Risk Level: low — The filing is a routine operational update and does not indicate any immediate financial distress or significant negative event.
Key Players & Entities
- Discover Card Master Trust I (company) — Filer of the 8-K
- Discover Funding LLC (company) — Related entity involved in the filing
- Discover Card Execution Note Trust (company) — Related entity involved in the filing
- 20250520 (date) — Date of report and change
FAQ
What specific event triggered the change of servicer or trustee for Discover Card Master Trust I?
The filing does not specify the exact event that triggered the change of servicer or trustee, only that it occurred on May 20, 2025.
Who is the new servicer or trustee, if named in the filing?
The filing indicates a 'Change of Servicer or Trustee' but does not explicitly name the new entity in the provided text.
What is the primary asset class for Discover Card Master Trust I?
The primary asset class for Discover Card Master Trust I is Credit card, as indicated by 'ABS ASSET CLASS: Credit card'.
What is the SEC file number associated with Discover Card Master Trust I?
The SEC file number for Discover Card Master Trust I is 333-141703-02.
When was this 8-K filing submitted?
This 8-K filing was submitted on May 20, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 20, 2025 regarding DISCOVER CARD MASTER TRUST I.