**Exhibit 33.3**

**Management’s Assertion on**

**Compliance with Regulation AB Criteria**

DB Servicing Corporation (“DBSC” or the “Asserting Party”) is responsible for assessing itscompliance, as of and for the year ended November 30, 2012 (the “Reporting Period”), with the servicing criteria applicable to it in connection with the Servicing Agreement dated January 1, 2011 by and between DBSC and DiscoverBank. The Asserting Party used the criteria set forth in Item 1122(d) of Regulation AB, excluding the criteria set forth in Items 1122 (d)(1)(i), (d)(1)(iii), (d)(1)(iv), (d)(2)(ii), (d)(2)(iii), (d)(2)(iv), (d)(2)(v), (d)(2)(vi),(d)(2)(vii), (d)(3)(i), (d)(3)(ii), (d)(3)(iii), (d)(3)(iv), (d)(4)(i), (d)(4)(ii), (d)(4)(iii), (d)(4)(v), (d)(4)(x), (d)(4)(xi), (d)(4)(xii), (d)(4)(xiii), and (d)(4)(xv) of Regulation AB, which the Asserting Party has concluded are not applicableto the activities it performs with respect to the asset-backed securities transactions covered by this report (such applicable criteria, after giving effect to the exclusions identified above, the “Applicable Servicing Criteria”), toassess such compliance. The transactions covered by this report include all asset-backed securities transactions involving credit card receivables conducted by Discover Card Master Trust I and Discover Card Execution Note Trust that were registeredwith the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, or were not required to be registered where the related asset-backed securities were outstanding during the Reporting Period (the “Platform”),as listed in Appendix A. 

With respect to servicing criteria 1122(d)(2)(i) and 1122(d)(4)(iv) for the Reporting Perioddefined above, the Asserting Party has engaged vendors to perform certain limited payment activities required by these servicing criteria. With respect to servicing criteria 1122(d)(4)(vii) and 1122(d)(4)(viii) for the Reporting Period definedabove, the Asserting Party has engaged vendors to perform the collection activities required by these servicing criteria for a limited number of accounts that were delegated to such vendors. The Asserting Party has determined that none of thesevendors engaged for either payment or collection activities is a “servicer” as defined in Item 1101(j) of Regulation AB, and the Asserting Party has elected to take responsibility for assessing compliance with the servicing criteriaapplicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations (“Interpretation 17.06”). The Asserting Party has policies and procedures inplace to provide reasonable assurance that each vendor’s activities comply in all material respects with the servicing criteria applicable to such vendor. 

DBSC has assessed its compliance with the Applicable Servicing Criteria, including servicing criteria for which compliance is determined based on Interpretation 17.06 as described above, for the ReportingPeriod and has concluded that the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria for the Reporting Period with respect to the Platform taken as a whole. 

Deloitte & Touche LLP, an independent registered public accounting firm, has issuedan attestation report for the Platform on the assessment of compliance with the Applicable Servicing Criteria for the Reporting Period as set forth in this assertion. 

 
 **DB Servicing Corporation**By: 
/s/ James V. Panzarino
 James V. Panzarino, Executive Vice President
Date: February 19, 2013 

Appendix A 

Series 2005-4: 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2, Class B Credit Card Pass-Through Certificates 

Series 2006-2: 

Subseries 3, Class A Credit Card Pass-Through Certificates 

Subseries 3, Class B Credit Card Pass-Through Certificates 

Series 2007-2: 

Class A Credit Card Pass-Through Certificates 

Class B Credit Card Pass-Through Certificates 

Series 2007-3: 

Subseries 2, Class A CreditCard Pass-Through Certificates 

Subseries 2, Class B Credit Card Pass-Through Certificates 

Series 2009-CE: 

Series 2009-CE Credit CardPass-Through Certificate 

Series 2009-SD: 

Series 2009-SD Credit Card Pass-Through Certificate 

Series 2007-CC: 

Class A (2007-1) DiscoverSeries Notes 

Class A (2007-2) DiscoverSeries Notes 

Class A (2008-4) DiscoverSeries Notes 

Class A (2008-C) DiscoverSeries Notes 

Class A (2009-1) DiscoverSeries Notes 

Class A (2009-2) DiscoverSeries Notes 

Class A (2010-1) DiscoverSeries Notes 

Class A (2010-A) DiscoverSeries Notes 

Class A (2010-B) DiscoverSeries Notes 

Class A (2010-C) DiscoverSeries Notes 

Class A (2010-2) DiscoverSeries Notes 

Class A (2010-D) DiscoverSeries Notes 

Class A (2010-E) DiscoverSeries Notes 

Class A (2011-A) DiscoverSeries Notes 

Class A (2011-B) DiscoverSeries Notes 

Class A (2011-1) DiscoverSeries Notes 

Class A (2011-C) DiscoverSeries Notes 

Class A (2011-2) DiscoverSeries Notes 

Class A (2011-3) DiscoverSeries Notes 

Class A (2011-4) DiscoverSeries Notes 

Class A (2012-1) DiscoverSeries Notes 

Class A (2012-A) DiscoverSeries Notes 

Class A (2012-2) DiscoverSeries Notes 

Class A (2012-3) DiscoverSeries Notes 

Class A (2012-4) DiscoverSeries Notes 

Class A (2012-5) DiscoverSeries Notes 

Class A (2012-6) DiscoverSeries Notes 

Class B (2007-1) DiscoverSeries Notes 

Class B(2009-2) DiscoverSeries Notes 

Class B (2010-1) DiscoverSeries Notes 

Class B (2011-1) DiscoverSeries Notes 

Class B (2011-2) DiscoverSeries Notes 

Class B (2011-3) DiscoverSeries Notes 

Class B(2012-1) DiscoverSeries Notes 

Class B (2012-2) DiscoverSeries Notes 

Class B (2012-3) DiscoverSeries Notes 

Class C (2009-2) DiscoverSeries Notes 

Class C (2010-1) DiscoverSeries Notes 

Class C(2011-1) DiscoverSeries Notes 

Class C (2011-2) DiscoverSeries Notes 

Class C (2011-3) DiscoverSeries Notes 

Class C (2012-1) DiscoverSeries Notes 

Class C (2012-2) DiscoverSeries Notes 

Class C(2012-3) DiscoverSeries Notes 

Class D (2009-1) DiscoverSeries Notes