# EDGAR Filing Document

**Accession Number:** 0001645731
**File Stem:** 0001407200-23-000008
**Filing Date:** 2023-3
**Character Count:** 57330
**Document Hash:** fe4f501f1d7737ac3d21f67fbaa40ea5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001407200-23-000008.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001407200-23-000008

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 24

**CONFORMED PERIOD OF REPORT**: 20230228

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**ABS ASSET CLASS**: Credit card

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Discover Card Execution Note Trust
- **CENTRAL INDEX KEY:** 0001407200
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 510020270
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-141703-02
- **FILM NUMBER:** 23730636

**BUSINESS ADDRESS:**
- **STREET 1:** C/O DISCOVER BANK
- **STREET 2:** 800 PRIDES CROSSING SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713
- **BUSINESS PHONE:** 3023237315

**MAIL ADDRESS:**
- **STREET 1:** C/O DISCOVER BANK
- **STREET 2:** 800 PRIDES CROSSING SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Discover Funding LLC
- **CENTRAL INDEX KEY:** 0001645731
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 474047337
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-205455
- **FILM NUMBER:** 23730639

**BUSINESS ADDRESS:**
- **STREET 1:** 800 PRIDES CROSSING
- **STREET 2:** SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713
- **BUSINESS PHONE:** 303-323-7315

**MAIL ADDRESS:**
- **STREET 1:** 800 PRIDES CROSSING
- **STREET 2:** SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DISCOVER BANK
- **CENTRAL INDEX KEY:** 0000894327
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 510020270
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 033-54804
- **FILM NUMBER:** 23730637

**BUSINESS ADDRESS:**
- **STREET 1:** 800 PRIDES CROSSING
- **STREET 2:** SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713
- **BUSINESS PHONE:** 3023237315

**MAIL ADDRESS:**
- **STREET 1:** 800 PRIDES CROSSING
- **STREET 2:** SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREENWOOD TRUST CO
- **DATE OF NAME CHANGE:** 19950508
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DISCOVER CARD MASTER TRUST I
- **CENTRAL INDEX KEY:** 0000894329
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 510020270
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-23108
- **FILM NUMBER:** 23730638

**BUSINESS ADDRESS:**
- **STREET 1:** C/O DISCOVER BANK
- **STREET 2:** 800 PRIDES CROSSING SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713
- **BUSINESS PHONE:** 3023237315

**MAIL ADDRESS:**
- **STREET 1:** C/O DISCOVER BANK
- **STREET 2:** 800 PRIDES CROSSING SUITE 100
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19713

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549**

**FORM 10-D**

**ASSET-BACKED ISSUER**

**DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

For the monthly distribution period from February 1, 2023 to February 28, 2023

___________________________

---

| | | | |
|:---|:---|:---|:---|
| Commission File Numbers:<br>333-141703-02;<br>333-167413;<br>333-191359;<br>333-205455-01;<br>333-228025-02;<br>333-260957 | Commission File Numbers:<br>333-141703;<br>333-167413-02;<br>333-191359-02;<br>333-205455-02;<br>333-228025-01;<br>333-260957-02;<br>000-23108 | Commission File Number:<br>333-205455;<br>333-228025;<br>333-260957-01 | Commission File Numbers:<br>333-141703-01;<br>333-167413-01;<br>333-191359-01;<br>033-54804 |
| Central Index Key Number: 0001407200 | Central Index Key Number: 0000894329 | Central Index Key Number: 0001645731 | Central Index Key Number: 0000894327 |
| **DISCOVER CARD EXECUTION** <br>**NOTE TRUST** | **DISCOVER CARD**<br>**MASTER TRUST I** | **DISCOVER FUNDING LLC** | **DISCOVER BANK** |
| (Exact name of the issuing entity in respect of the Notes as specified in its charter) | (Exact name of the issuing entity in respect of the Series 2007-CC Collateral Certificate) | (Exact name of the depositor<br>as specified in its charter) | (Exact name of the sponsor<br>as specified in its charter) |
| Delaware | Delaware | Delaware | Delaware |
| (State or jurisdiction of incorporation or organization of the issuing entity) | (State or jurisdiction of incorporation or organization of the issuing entity) | (State or jurisdiction of incorporation or organization of the depositor) | (State or jurisdiction of incorporation or organization of the sponsor) |
| c/o Wilmington Trust Company,<br>Rodney Square North<br>1100 North Market Street,<br>Wilmington, Delaware<br>19890-0001 | c/o Discover Bank<br>800 Prides Crossing, Suite 100<br>Newark, Delaware<br>19713 | c/o Discover Bank<br>800 Prides Crossing, Suite 100<br>Newark, Delaware<br>19713 | 800 Prides Crossing, Suite 100<br>Newark, Delaware<br>19713 |
| (Address of principal executive offices of the issuing entity) | (Address of principal executive offices of the issuing entity) | (Address of principal executive offices of the depositor) | (Address of principal executive offices of the sponsor) |

---

**Patricia S. Hall, Vice President, Chief Financial Officer and Treasurer**

**Discover Funding LLC**

**(302) 323-7315**

(Name and telephone number, including area code, of the person to contact in connection with this filing)

**51-0020270**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(I.R.S. Employer Identification No. of the sponsor)

**47-4047337**

(IRS Employer Identification No. of

the depositor)

Registered/reporting pursuant to (check one)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Title of class | Section 12(b) | Section 12(g) | Section 15(d) | Name of exchange (If Section 12(b)) |
| DiscoverSeries Class A Notes | [___] | [___] | [_X_] | [___] |
| DiscoverSeries Class B Notes | [___] | [___] | [_X_] | [___] |
| DiscoverSeries Class C Notes | [___] | [___] | [_X_] | [___] |
| DiscoverSeries Class D Notes | [___] | [___] | [_X_] | [___] |
| Credit Card Pass-Through Certificates | [___] | [___] | [_X_] | [___] |

---

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes: [_X_] No: [___].

**PART I – DISTRIBUTION INFORMATION**

**Item 1. Distribution and Pool Performance Information.**

The interest of Discover Card Execution Note Trust (the "<u>Note Issuance Trust</u>") in credit card receivables is held solely in the form of an interest in a collateral certificate issued by Discover Card Master Trust I (the "<u>Master Trust</u>"). No assets securitized by Discover Bank and held by the Master Trust were the subject of a demand to repurchase or replace for breach of representations and warranties during the monthly distribution period from February 1, 2023 to February 28, 2023. Discover Bank filed its most recent Form ABS-15G on February 8, 2023. The CIK number of Discover Bank is 0000894327.

The information required by Items 1121(a) and 1121(b) of Regulation AB is provided in the reports attached hereto as Exhibits 99.1 and 99.2.

The Master Trust owns receivables in card accounts that have been selected at various times from the aggregate Discover card portfolio. Therefore, the performance of the accounts designated to the Master Trust may differ materially from the performance of the aggregate Discover card portfolio, which consists of all card accounts originated by Discover Bank, including those that have not been designated to the Master Trust.

**Item 1A. Asset-Level Information.**

Not applicable.

**Item 1B. Asset Representations Reviewer and Investor Communication.**

Nothing to report.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**PART II – OTHER INFORMATION** 

**Item 2. Legal Proceedings.**

Nothing to report.

**Item 3. Sales of Securities and Use of Proceeds.**

On February 23, 2023, the Note Issuance Trust, pursuant to Section 2.03 of the Note Purchase Agreement, dated as of January 31, 2023, among the Note Issuance Trust, as Issuer, Discover Bank, as Sponsor, Discover Funding LLC ("Discover Funding"), an affiliate of Discover Bank, as Purchaser, and Section 2.06 of the Class C(2023-1) Terms Document, dated as of January 31, 2023, by and between the Note Issuance Trust, as Issuer, and U.S. Bank Trust Company, National Association, as Indenture Trustee, increased the Outstanding Dollar Principal Amount of the DiscoverSeries Class C(2023-1) Notes (the "Class C Notes"). The increase in the Outstanding Dollar Principal Amount of the Class C Notes on February 23, 2023 was in the amount of $45,621,302.20 resulting in an Outstanding Dollar Principal Amount of the Class C(2023-1) Notes of $45,621,302.20.

On February 23, 2023, the Note Issuance Trust, pursuant to Section 2.03 of the Amended and Restated Note Purchase Agreement, dated as of January 1, 2016, among the Note Issuance Trust, as Issuer, Discover Bank, as Sponsor, Discover Funding, as Transferor, and Discover Properties LLC ("Discover Properties"), an affiliate of Discover Bank, as Purchaser, and Section 2.06 of the Class D(2009-1) Terms Document, dated as of July 2, 2009, by and between the Note Issuance Trust, as Issuer, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as Indenture Trustee, increased the Outstanding Dollar Principal Amount of the DiscoverSeries Class D(2009-1) Notes (the "Class D Notes"). The increase in the Outstanding Dollar Principal Amount of the Class D Notes on February 23, 2023 was in the amount of $4,238,045.00 resulting in an Outstanding Dollar Principal Amount of the Class D(2009-1) Notes of $1,046,068,647.00.

**Item 4. Defaults Upon Senior Securities.**

Nothing to report.

**Item 5. Submission of Matters to a Vote of Security Holders.**

Not applicable.

**Item 6. Significant Obligors of Pool Assets.**

Not applicable.

**Item 7. Change in Sponsor Interest in the Securities.**

In accordance with the credit risk retention rules of Regulation RR, Discover Bank, as Sponsor, is required to retain an economic interest in the credit risk of the Master Trust receivables. The Sponsor intends to satisfy this obligation by maintaining a seller's interest in the Master Trust, calculated in accordance with Regulation RR, that will equal not less than 5% of the aggregate unpaid principal balance of all DiscoverSeries notes, other than any notes that are at all times held by Discover Bank or one or more wholly-owned affiliates of Discover Bank. The required seller's interest will be held by Discover Funding LLC through holding of the Transferor Interest, which represents an undivided interest in the receivables of the Master Trust that are not represented by outstanding certificates at any given

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

time. The seller's interest amount and percentage as of the end of the distribution period covered by this Form 10-D is provided in the report attached hereto as Exhibit 99.1.

As described in Item 3, on February 23, 2023, Discover Funding increased the Outstanding Dollar Principal Amount of the Class C Notes by $45,621,302.20 to $45,621,302.20. Discover Funding's interest in the Class C Notes is not used to satisfy legal requirements regarding the credit risk retention rules of Regulation RR.

As described in Item 3, on February 23, 2023, Discover Properties increased the Outstanding Dollar Principal Amount of the Class D Notes by $4,238,045.00 to $1,046,068,647.00. Discover Properties' interest in the Class D Notes is not used to satisfy legal requirements regarding the credit risk retention rules of Regulation RR.

**Item 8. Significant Enhancement Provider Information.**

Not applicable.

**Item 9. Other Information.**

Nothing to report.

**Item 10. Exhibits.**

<u>Exhibit No.</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Description</u>

<u>[99.1](a2007-cccertstatement031.htm)</u> &nbsp;&nbsp;&nbsp;&nbsp;Series 2007-CC Monthly Statement

<u>[99.2](noteholders031523.htm)</u> &nbsp;&nbsp;&nbsp;&nbsp;DiscoverSeries Monthly Statement

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: March 14, 2023

DISCOVER FUNDING LLC

(as Depositor for Discover Card Master Trust I and

Discover Card Execution Note Trust and as registrant under Commission File Numbers 333-205455, 333-228025 and 333-260957-01)

By: <u>/s/ Patricia S. Hall</u>

Name: Patricia S. Hall

Title: Vice President, Chief Financial Officer and

Treasurer

## Exhibit 99.1

![](a2007-cccertstatement031001.jpg)

Investor Certificateholders' Monthly Statement Discover Card Master Trust I Series 2007-CC Monthly Statement Distribution Date: March 15, 2023 Month Ending: February 28, 2023 Exhibit 99.1 Pursuant to the Amended and Restated Series Supplement dated as of December 22, 2015, as amended (the "Series Supplement"), relating to the Third Amended and Restated Pooling and Servicing Agreement dated as of December 22, 2015, in each case as amended prior to the distribution date noted above, among Discover Bank, Discover Funding LLC (the "Depositor"), and U.S. Bank Trust Company, National Association, as Trustee (the "Pooling and Servicing Agreement"), the Trustee is required to prepare certain information each month regarding current distributions to investors and the performance of the Discover Card Master Trust I (the "Master Trust"). We have set forth below this information and certain other information required under the Securities Exchange Act of 1934, as amended, for the Distribution Date listed above, as well as for the calendar month ended on the date listed above. Capitalized terms used in this report without definition have the meanings given to them in the Pooling and Servicing Agreement and the Series Supplement . The Pooling and Servicing Agreement and the Series Supplement were filed with the Securities and Exchange Commission as follows: Third Amended and Restated Pooling and Servicing Agreement As Exhibit 4.2 to the Current Report on Form 8-K filed on December 23, 2015 by the Depositor, the Master Trust and Discover Card Execution Note Trust. Amended and Restated Series Supplement As Exhibit 4.3 to the Current Report on Form 8-K filed on December 23, 2015 by the Depositor, the Master Trust and Discover Card Execution Note Trust. Principal Receivables for February, 20231. Beginning Principal Balances Ending Principal Balances (1) Aggregate Investor Interest (including Series 2007-CC Investor Interest) (a) Transferor Interest Total Master Trust Group One Investor Interest Series 2007-CC Investor Interest Total Master Trust # of Accounts Minimum Principal Receivables Balance at the end of month (2) (b) (c) (d) (e) Amount by which Master Trust Principal Receivables Exceeded the Minimum Principal Receivables Balance at the end of month (f) (g) Percentage of the Principal Receivables that reflect Transferor Interest 52.57% $12,306,689,949.20 $11,508,875,741.20 $12,434,907,039.35 $12,757,738,861.63 $24,741,596,988.55 $24,266,614,602.83 $11,508,875,741.20$12,306,689,949.20 12,241,763 12,188,717 $12,375,135,205.59 $11,891,479,397.24 $12,306,689,949.20 $11,508,875,741.20 2. Credit Risk Retention at the end of February, 2023 (a) Ending Principal Receivables (b) (c) (d) (e) (f) Ending Investor Interest (before principal payments on this Distribution Date) Seller's Interest (2(a) - 2(b)) Adjusted outstanding investor ABS interests (unpaid principal balance of DiscoverSeries Notes held by third-parties before principal payments on this Distribution Date) Seller's Interest as a percentage of adjusted outstanding investor ABS interests (2(c) / 2(d)) Minimum Seller's Interest as a percentage of adjusted outstanding investor ABS interests as required by Regulation RR $24,266,614,602.83 $12,306,689,949.20 5% $11,959,924,653.63 (4) $9,025,000,000.00 132.52% (3)

------

![](a2007-cccertstatement031002.jpg)

Allocation Percentages at the beginning of February, 2023 (after giving effect to any increases in the Aggregate Investor Interest or the Series 2007-CC Investor Interest occurring during the month) 3. (a) Series 2007-CC Finance Charge Collections Allocation Percentage (b) Series 2007-CC Principal Collections Allocation Percentage (c) Series 2007-CC Charge-Off Allocation Percentage (d) Series 2007-CC Interchange Allocation Percentage 4. Allocation of Receivables and other amounts collected during February, 2023 (a) Allocation between Investors and Transferor: Aggregate Investor Allocation (including Series 2007-CC Allocation) Transferor Allocation (b) Group One Allocation (c) Series 2007-CC Allocation (d) Reallocation to Series 2007-CC from other Series (f) Group One Portfolio Yield as an annualized percentage of the Aggregate Investor Interest (FCC yield excludes principal recoveries) (g) Series 2007-CC Portfolio Yield as an annualized percentage of the Series Investor Interest (FCC yield excludes principal recoveries) (h) Principal Collections as a monthly percentage of Master Trust Receivables at the beginning of February, 2023 (i) Finance Charge Collections as a monthly percentage of Master Trust Receivables at the beginning of February, 2023 (j) Total Collections as a monthly percentage of Master Trust Receivables at the beginning of February, 2023 (k) Interchange as a monthly percentage of Master Trust Receivables at the beginning of February, 2023 (m) Trust Collections deposited for the month (5) (l) Total Collections and Interchange as a monthly percentage of Master Trust Receivables at the beginning of February, 2023 Finance Charge Collections Principal Collections Interchange N/A N/A 27.88% 28.30% Prior Month February, 2023 $168,156,382.38 $3,342,666,242.68 $52,876,354.92 $166,422,594.13 $0.00 $22,848,044.39 $0.00 $0.00 $3,308,201,446.31 $52,331,169.52 $166,422,594.13 $3,308,201,446.31 $52,331,169.52 $166,422,594.13 $3,308,201,446.31 $52,331,169.52 49.7409% 49.7409% 49.7409% 15.54% 15.54% 5.10% 5.10% 26.54% 1.34% 0.42% $1,201,595,584.03 $0.00$0.00 $0.00(e) Reallocation from Series 2007-CC to other Series 49.7409%

------

![](a2007-cccertstatement031003.jpg)

Investor Charged-Off Amount 5. Cumulative Reductions in Series Investor Interests Due to Investor Charged-Off AmountsFebruary, 2023 Group One Series 2007-CC As an annualized percentage of Principal Receivables at the beginning of February, 2023 (a) (b) (c) 2.21% N/A $22,663,414.99 $0.00 $0.00$22,663,414.99 Investor Monthly Servicing Fee payable to Discover Bank on this Distribution Date (a) Group One (b) Series 2007-CC 6. 7. Delinquency Summary (a) Master Trust Receivables Outstanding at the end of February, 2023 Payment Status Number of Delinquent Accounts Delinquent Amount Ending Balance Percentage of Ending Receivables Outstanding 30-59 Days 60-89 Days 90-119 Days 120-149 Days 150-179 Days 180+ Days Total 39,992 $342,493,962.32 1.39% $20,511,149.89 $20,511,149.89 $24,579,797,182.30 13,591 9,890 $104,957,920.19 $78,857,218.90 6,585 $62,077,466.64 5,111 $49,921,286.28 0.43% 0.32% 0.25% 0.20% 0 $0.00 0.19%$46,680,070.31 4,815 0.00% 0.97%(b) Delinquency Percentage (60+ Days): Total Master Trust and Investor Principal Charge-Offs on this Distribution Date (6)8. (a) Gross Charge-offs (rate shown as an annualized percentage of applicable Principal Receivables at the beginning of February, 2023) (b) Recoveries (rate shown as an annualized percentage of applicable Principal Receivables at the beginning of February, 2023) (c) Net Charge-offs (rate shown as an annualized percentage of applicable Principal Receivables at the beginning of February, 2023) Investor Amount Rate 2.21% 0.69% $15,613,851.46 1.52% $7,049,563.53 $22,663,414.99 Total MT Amount $45,562,937.12 $31,390,367.81 $14,172,569.31

------

![](a2007-cccertstatement031004.jpg)

(1) For Section 1, the ending balances for the Investor Interest and the Transferor Interest are shown after any principal payments to be made to the holders of DiscoverSeries Notes on this Distribution Date. (2) Pursuant to the Pooling and Servicing Agreement, the Discover Card Master Trust I is required to maintain Principal Receivables greater than or equal to the Minimum Principal Receivables Balance. The Minimum Principal Receivables Balance is generally calculated by dividing the Investor Interest by 93%. If the Principal Receivables in the Master Trust are less than the Minimum Principal Receivables Balance, and Discover Bank fails to assign sufficient Receivables to eliminate the deficiency, then an amortization event would occur. This would also cause an early redemption event for the notes issued by Discover Card Execution Note Trust. (4) In accordance with the credit risk retention rules of Regulation RR, Discover Bank, as Sponsor, is required to retain an economic interest in the credit risk of the Master Trust receivables. The Sponsor intends to satisfy this obligation by maintaining a seller's interest in the Master Trust, calculated in accordance with Regulation RR, that will equal not less than 5% of the aggregate unpaid principal balance of all DiscoverSeries notes, other than any notes that are at all times held by Discover Bank or one or more wholly-owned affiliates of Discover Bank ("adjusted outstanding investor ABS interests"). The required seller's interest will be held by the Depositor through holding of the Transferor Interest , which represents an undivided interest in the receivables of the Master Trust that are not represented by outstanding certificates at any given time. The Seller's Interest set forth in Section 2 is calculated as of the applicable month-end and does not reflect principal payments to be made to holders of DiscoverSeries Notes on this Distribution Date. (5) Only the portion of Master Trust Collections required to be deposited under the Master Trust 's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Notes (or Certificates) are maturing on the following distribution date (in which case additional Principal Collections are retained in such account). Accordingly, the amount deposited in the account is not meaningful as an indicator of Master Trust performance . (6) For purposes of allocations to investors, all recoveries are treated as Finance Charge Collections and are included as such in Section 4 above. (3) At the date of this report, Discover Bank, as "originator" for the purposes of EU Regulation no. 575/2013 (the "CRR"), currently retains a material net economic interest that is not less than 5% of the nominal value of the securitized exposures, in the form of an originator's interest as provided in option (b) of Article 405(1) of the CRR and the corresponding provisions of the AIFM Regulation and the Solvency II Regulation (collectively with the CRR, the "EU Risk Retention Regulations"), which such interest is not hedged or otherwise mitigated except to the extent permitted by the EU Risk Retention Regulations. See Section 1 for a calculation of the Transferor Interest percentage.

------

## Exhibit 99.2

![](noteholders031523001.jpg)

As Exhibit 4.5 to the Current Report on Form 8-K filed on December 23, 2015 by Discover Funding LLC, Discover Card Master Trust I and the Note Issuance Trust. Second Amended and Restated Indenture Supplement As Exhibit 4.4 to the Current Report on Form 8-K filed on December 23, 2015 by Discover Funding LLC, Discover Card Master Trust I and the Note Issuance Trust. Amended and Restated Indenture Pursuant to the Amended and Restated Indenture dated as of December 22, 2015, as amended, (the "Indenture") by and between Discover Card Execution Note Trust (the "Note Issuance Trust") as Issuer and U.S. Bank Trust Company, National Association as Indenture Trustee (the "Indenture Trustee") and the Second Amended and Restated Indenture Supplement dated as of December 22, 2015, in each case as amended prior to the distribution date noted above, for the DiscoverSeries Notes, by and between the Note Issuance Trust and the Indenture Trustee (the "Indenture Supplement"), the Note Issuance Trust is required to prepare certain information each month regarding current distributions to noteholders. We have set forth below this information regarding the DiscoverSeries Notes and certain other information required under the Securities Exchange Act of 1934, as amended, for the Distribution Date listed above, as well as for the calendar month ended on the date listed above. Capitalized terms used in this report without definition have the meanings given to them in the Indenture or the Indenture Supplement. The Indenture and Indenture Supplement were filed with the Securities and Exchange Commission as follows: Month Ending: February 28, 2023Distribution Date: March 15, 2023 DiscoverSeries Monthly Statement Discover Card Execution Note Trust Exhibit 99.2

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![](noteholders031523002.jpg)

CUSIP Number LIBOR Determination Date Interest Payment Date Interest Rate Number of Days in the Interest Accrual Period Amount of interest paid on this Distribution Date Amount of interest paid on this Distribution Date per $1,000 of Outstanding Dollar Principal AmountTranche 1. Interest to be paid on this Distribution Date: $0.00 0.000000000Class A (2008-C) $0.00 0.000000000Class A (2010-D) $0.00 0.000000000Class A (2011-A) $0.00 0.000000000Class A (2015-A) 254683BZ7 03/15/2023 30 $843,333.33 2.108333325Class A (2017-4) 2.53000% 254683CA1 02/13/2023 03/15/2023 28 $3,732,377.06 4.035002227Class A (2017-5) 5.18786% 254683CJ2 02/13/2023 03/15/2023 28 $1,161,500.67 3.871668900Class A (2018-6) 4.97786% $0.00 0.000000000Class A (2019-A) 254683CP8 03/15/2023 30 $555,833.33 0.483333330Class A (2021-1) 0.58000% 254683CQ6 03/15/2023 30 $515,000.00 0.858333333Class A (2021-2) 1.03000% 254683CR4 03/15/2023 30 $2,041,666.67 1.633333336Class A (2022-1) 1.96000% 254683CS2 03/15/2023 30 $3,873,333.33 2.766666664Class A (2022-2) 3.32000% 254683CW3 03/15/2023 30 $5,933,333.33 2.966666665Class A (2022-3) 3.56000% 254683CX1 03/15/2023 30 $4,191,666.67 4.191666670Class A (2022-4) 5.03000% $22,848,044.39Total Class A 03/15/2023 30 $568,750.00 1.625000000Class B (2020-2) 1.95000% 03/15/2023 30 $568,750.00 1.625000000Class B (2020-3) 1.95000% 03/15/2023 30 $568,750.00 1.625000000Class B (2020-4) 1.95000% $0.00 0.000000000Class B (2023-1) $1,706,250.00Total Class B 03/15/2023 30 $712,500.00 1.875000000Class C (2020-3) 2.25000% 03/15/2023 30 $712,500.00 1.875000000Class C (2020-4) 2.25000% 03/15/2023 30 $712,500.00 1.875000000Class C (2020-5) 2.25000% $0.00 0.000000000Class C (2023-1) $2,137,500.00Total Class C $26,691,794.39Total 2. Principal to be paid on this Distribution Date: Tranche CUSIP Number Scheduled principal payments Shortfall in scheduled principal payments Amount of principal paid on this Distribution Date Amount of principal paid per $1,000 of Stated Principal Amount Total amount of principal paid through this Distribution Date 0.00 $0.00 $0.00 $0.00 0.00Class A (2008-C) 0.00 $0.00 $0.00 $0.00 0.00Class A (2010-D) 0.00 $0.00 $0.00 $0.00 0.00Class A (2011-A) 0.00 $0.00 $0.00 $0.00 0.00Class A (2015-A) 0.00 $0.00 $0.00254683BZ7 $0.00 0.00Class A (2017-4) 0.00 $0.00 $0.00254683CA1 $0.00 0.00Class A (2017-5)

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Tranche CUSIP Number Scheduled principal payments Shortfall in scheduled principal payments Amount of principal paid on this Distribution Date Amount of principal paid per $1,000 of Stated Principal Amount Total amount of principal paid through this Distribution Date 0.00 $0.00 $0.00254683CJ2 $0.00 0.00Class A (2018-6) 0.00 $0.00 $0.00 $0.00 0.00Class A (2019-A) 0.00 $0.00 $0.00254683CP8 $0.00 0.00Class A (2021-1) 0.00 $0.00 $0.00254683CQ6 $0.00 0.00Class A (2021-2) 0.00 $0.00 $0.00254683CR4 $0.00 0.00Class A (2022-1) 0.00 $0.00 $0.00254683CS2 $0.00 0.00Class A (2022-2) 0.00 $0.00 $0.00254683CW3 $0.00 0.00Class A (2022-3) 0.00 $0.00 $0.00254683CX1 $0.00 0.00Class A (2022-4) 0.00 $0.00 $0.00Total Class A 0.00 350,000,000.00 $0.00 $350,000,000.00 $1,000.00 350,000,000.00Class B (2020-2) 0.00 $0.00 $0.00 $0.00 0.00Class B (2020-3) 0.00 $0.00 $0.00 $0.00 0.00Class B (2020-4) 0.00 $0.00 $0.00(1)Class B (2023-1) 350,000,000.00 $0.00 $350,000,000.00Total Class B (1) 350,000,000.00 380,000,000.00 $0.00 $380,000,000.00 $1,000.00 380,000,000.00Class C (2020-3) 0.00 $0.00 $0.00 $0.00 0.00Class C (2020-4) 0.00 $0.00 $0.00 $0.00 0.00Class C (2020-5) 0.00 $0.00 $0.00(1)Class C (2023-1) 380,000,000.00 $0.00 $380,000,000.00Total Class C (1) 380,000,000.00 67,814,208.00 $0.00 $67,814,208.00(1)Class D (2009-1) 67,814,208.00 $0.00 $67,814,208.00Total Class D Total 797,814,208.00 $0.00 $797,814,208.00

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3. Principal Amount and Nominal Liquidation Amount: (reflects issuances during February 2023 and principal payments and Nominal Liquidation Amount Deficits after giving effect to all allocations expected to occur on this Distribution Date) Tranche Stated Principal Amount Outstanding Dollar Principal Amount Adjusted Outstanding Dollar Principal Amount Nominal Liquidation Amount $0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 $0.00Class A (2015-A) $400,000,000.00 $400,000,000.00 $400,000,000.00 $400,000,000.00Class A (2017-4) $925,000,000.00 $925,000,000.00 $925,000,000.00 $925,000,000.00Class A (2017-5) $300,000,000.00 $300,000,000.00 $300,000,000.00 $300,000,000.00Class A (2018-6) $0.00 $0.00 $0.00 $0.00Class A (2019-A) $1,150,000,000.00 $1,150,000,000.00 $1,150,000,000.00 $1,150,000,000.00Class A (2021-1) $600,000,000.00 $600,000,000.00 $600,000,000.00 $600,000,000.00Class A (2021-2) $1,250,000,000.00 $1,250,000,000.00 $1,250,000,000.00 $1,250,000,000.00Class A (2022-1) $1,400,000,000.00 $1,400,000,000.00 $1,400,000,000.00 $1,400,000,000.00Class A (2022-2) $2,000,000,000.00 $2,000,000,000.00 $2,000,000,000.00 $2,000,000,000.00Class A (2022-3) $1,000,000,000.00 $1,000,000,000.00 $1,000,000,000.00 $1,000,000,000.00Class A (2022-4) Total Class A $9,025,000,000.00 $9,025,000,000.00 $9,025,000,000.00$9,025,000,000.00 $350,000,000.00 $0.00 $0.00 $0.00Class B (2020-2) $350,000,000.00 $350,000,000.00 $350,000,000.00 $350,000,000.00Class B (2020-3) $350,000,000.00 $350,000,000.00 $350,000,000.00 $350,000,000.00Class B (2020-4) $0.00 $0.00 $0.00 $0.00Class B (2023-1) Total Class B $700,000,000.00 $700,000,000.00 $700,000,000.00$1,050,000,000.00 $380,000,000.00 $0.00 $0.00 $0.00Class C (2020-3) $380,000,000.00 $380,000,000.00 $380,000,000.00 $380,000,000.00Class C (2020-4) $380,000,000.00 $380,000,000.00 $380,000,000.00 $380,000,000.00Class C (2020-5) $45,621,302.20 $45,621,302.20 $45,621,302.20 $45,621,302.20Class C (2023-1) Total Class C $805,621,302.20 $805,621,302.20 $805,621,302.20$1,185,621,302.20 $978,254,439.00 $978,254,439.00 $978,254,439.00 $978,254,439.00Class D (2009-1) Total Class D $978,254,439.00 $978,254,439.00 $978,254,439.00$978,254,439.00 $11,508,875,741.20 $11,508,875,741.20 $11,508,875,741.20Total $12,238,875,741.20

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4. Nominal Liquidation Amount for Tranches of Notes Outstanding: (including all tranches issued as of the end of February 2023, after taking into account all allocations expected to occur on this Distribution Date) Tranche Nominal Liquidation Amount as of the beginning of Due Period Increase due to Accretion of Principal for Discount Notes Increase due to withdrawals of Prefunding Excess Amounts from Principal Funding Subaccount Increase due to reimbursement of Nominal Liquidation Amout Deficits Reductions due to allocation of charged-off receivables Increases and reductions due to reallocation of charged-off receivables Reductions due to reallocation of Series Principal Amounts Nominal Liquidation Amount as of the end of the Due Period Cumulative unreimbursed Nominal Liquidation Amount Reductions due to deposits into Principal Funding Subaccount $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00N/AClass A (2008-C) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00N/AClass A (2010-D) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00N/AClass A (2011-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00N/AClass A (2015-A) $400,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $400,000,000.00 $0.00N/AClass A (2017-4) $925,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $925,000,000.00 $0.00N/AClass A (2017-5) $300,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $300,000,000.00 $0.00N/AClass A (2018-6) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00N/AClass A (2019-A) $1,150,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,150,000,000.00 $0.00N/AClass A (2021-1) $600,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $600,000,000.00 $0.00N/AClass A (2021-2) $1,250,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,250,000,000.00 $0.00N/AClass A (2022-1) $1,400,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,400,000,000.00 $0.00N/AClass A (2022-2) $2,000,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2,000,000,000.00 $0.00N/AClass A (2022-3) $1,000,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,000,000,000.00 $0.00N/AClass A (2022-4) $0.00$9,025,000,000.00$0.00$0.00$0.00$0.00$0.00$0.00$9,025,000,000.00Total Class A $350,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $350,000,000.00 $0.00 $0.00N/AClass B (2020-2) $350,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $350,000,000.00 $0.00N/AClass B (2020-3) $350,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $350,000,000.00 $0.00N/AClass B (2020-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00N/AClass B (2023-1) $0.00$700,000,000.00$350,000,000.00$0.00$0.00$0.00$0.00$0.00$1,050,000,000.00Total Class B $380,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $380,000,000.00 $0.00 $0.00N/AClass C (2020-3) $380,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $380,000,000.00 $0.00N/AClass C (2020-4) $380,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $380,000,000.00 $0.00N/AClass C (2020-5) $45,621,302.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45,621,302.20 $0.00N/AClass C (2023-1) $0.00$805,621,302.20$380,000,000.00$0.00$0.00$0.00$0.00$0.00$1,185,621,302.20Total Class C $1,046,068,647.00 $0.00 $0.00 $0.00 $0.00 $0.00 $67,814,208.00 $978,254,439.00 $0.00N/AClass D (2009-1) $0.00$978,254,439.00$67,814,208.00$0.00$0.00$0.00$0.00$0.00$1,046,068,647.00Total Class D Total $12,306,689,949.20 $0.00 $0.00 $0.00 $0.00 $797,814,208.00$0.00 $11,508,875,741.20 $0.00

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5. Targeted Deposits to Principal Funding Subaccounts with respect to this Distribution Date: Tranche Beginning Principal Funding Subaccount balance Amount scheduled to be deposited on this Distribution Date Previous shortfalls Shortfalls in targeted deposit to Principal Funding Subaccount with respect to this Distribution Date Actual deposit to Principal Funding Subaccount Amounts withdrawn from Principal Funding Subaccount for payment to Noteholders Prefunding Excess Amounts withdrawn from Principal Funding Subaccount Ending Principal Funding Subaccount balance Income earned on funds on deposit in Principal Funding Subaccount Targeted deposit to Principal Funding Subaccount $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2015-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2017-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2017-5) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2018-6) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2019-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2021-1) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2021-2) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-1) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-2) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-3) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Total Class A $0.00 $0.00 $350,000,000.00 $0.00 $0.00 $350,000,000.00 $350,000,000.00 $0.00 $0.00 $0.00Class B (2020-2) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2020-3) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2020-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2023-1) $0.00 $350,000,000.00 $0.00 $0.00 $350,000,000.00 $0.00 $0.00 $0.00Total Class B $350,000,000.00 $0.00 $380,000,000.00 $0.00 $0.00 $380,000,000.00 $380,000,000.00 $0.00 $0.00 $0.00Class C (2020-3) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class C (2020-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class C (2020-5) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class C (2023-1) $0.00 $380,000,000.00 $0.00 $0.00 $380,000,000.00 $0.00 $0.00 $0.00Total Class C $380,000,000.00 $0.00 $67,814,208.00 $0.00 $0.00 $67,814,208.00 $67,814,208.00 $0.00 $0.00 $0.00Class D (2009-1) $0.00 $67,814,208.00 $0.00 $0.00 $67,814,208.00 $0.00 $0.00 $0.00Total Class D $67,814,208.00 $0.00$0.00$0.00$797,814,208.00$797,814,208.00$0.00$0.00 $0.00$797,814,208.00Total

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6. Prefunding with respect to this Distribution Date: Tranche Beginning balance of prefunded deposits Prefunded amount applied to scheduled principal deposits Targeted Prefunding Deposits Prefunding Excess Amounts withdrawn from Principal Funding Subaccount Actual deposit to Principal Funding Subaccount for Prefunding Ending balance of prefunded deposits $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2015-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2017-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2017-5) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2018-6) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2019-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2021-1) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2021-2) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-1) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-2) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-3) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2022-4) $0.00 $0.00 $0.00 $0.00 $0.00Total Class A $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2020-2) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2020-3) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2020-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2023-1) $0.00 $0.00 $0.00 $0.00 $0.00Total Class B $0.00 Total $0.00 $0.00 $0.00 $0.00 $0.00$0.00

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7. Targeted Deposits to Interest Funding Subaccounts with respect to this Distribution Date: Targeted deposit to Interest Funding Subaccount with respect to this Distribution Date Beginning Interest Funding Subaccount Interest accrued during monthly interest Previous Shortfalls in targeted deposit to Interest Funding Subaccount with respect to this Actual deposit to Interest Funding Amounts withdrawn from Interest Funding Subacccount for payment to Ending Interest Funding Subaccount Income earned on funds on deposit in Interest Funding Total targeted deposit to Interest Funding $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2015-A) $0.00 $843,333.33 $0.00 $843,333.33 $0.00 $843,333.33 $843,333.33 $0.00 $0.00Class A (2017-4) $0.00 $3,732,377.06 $0.00 $3,732,377.06 $0.00 $3,732,377.06 $3,732,377.06 $0.00 $0.00Class A (2017-5) $0.00 $1,161,500.67 $0.00 $1,161,500.67 $0.00 $1,161,500.67 $1,161,500.67 $0.00 $0.00Class A (2018-6) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2019-A) $0.00 $555,833.33 $0.00 $555,833.33 $0.00 $555,833.33 $555,833.33 $0.00 $0.00Class A (2021-1) $0.00 $515,000.00 $0.00 $515,000.00 $0.00 $515,000.00 $515,000.00 $0.00 $0.00Class A (2021-2) $0.00 $2,041,666.67 $0.00 $2,041,666.67 $0.00 $2,041,666.67 $2,041,666.67 $0.00 $0.00Class A (2022-1) $0.00 $3,873,333.33 $0.00 $3,873,333.33 $0.00 $3,873,333.33 $3,873,333.33 $0.00 $0.00Class A (2022-2) $0.00 $5,933,333.33 $0.00 $5,933,333.33 $0.00 $5,933,333.33 $5,933,333.33 $0.00 $0.00Class A (2022-3) $0.00 $4,191,666.67 $0.00 $4,191,666.67 $0.00 $4,191,666.67 $4,191,666.67 $0.00 $0.00Class A (2022-4) Total Class A $0.00 $22,848,044.39 $0.00 $22,848,044.39 $0.00 $0.00 $0.00$22,848,044.39$22,848,044.39 $0.00 $568,750.00 $0.00 $568,750.00 $0.00 $568,750.00 $568,750.00 $0.00 $0.00Class B (2020-2) $0.00 $568,750.00 $0.00 $568,750.00 $0.00 $568,750.00 $568,750.00 $0.00 $0.00Class B (2020-3) $0.00 $568,750.00 $0.00 $568,750.00 $0.00 $568,750.00 $568,750.00 $0.00 $0.00Class B (2020-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2023-1) Total Class B $0.00 $1,706,250.00 $0.00 $1,706,250.00 $0.00 $0.00 $0.00$1,706,250.00$1,706,250.00 $0.00 $712,500.00 $0.00 $712,500.00 $0.00 $712,500.00 $712,500.00 $0.00 $0.00Class C (2020-3) $0.00 $712,500.00 $0.00 $712,500.00 $0.00 $712,500.00 $712,500.00 $0.00 $0.00Class C (2020-4) $0.00 $712,500.00 $0.00 $712,500.00 $0.00 $712,500.00 $712,500.00 $0.00 $0.00Class C (2020-5) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class C (2023-1) Total Class C $0.00 $2,137,500.00 $0.00 $2,137,500.00 $0.00 $0.00 $0.00$2,137,500.00$2,137,500.00 Total $0.00 $26,691,794.39 $0.00 $26,691,794.39 $0.00 $0.00 $0.00$26,691,794.39$26,691,794.39

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8. Deposits to and withdrawals from Class C Reserve Subaccounts: (2) Tranche Beginning Class C Reserve Subaccount balance Income earned on funds on deposit in Class C Reserve Subaccount Targeted deposit to Class C Reserve Subaccount Actual deposit to Class C Reserve Subaccount Amounts withdrawn from Class C Reserve Subaccount for application to Class C Notes Excess amounts withdrawn from Class C Reserve Subaccount Ending Class C Reserve Subaccount balance Cumulative Shortfall in Class C Reserve Subaccount N/A

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9. Deposits to and withdrawals from Accumulation Reserve Subaccounts: Tranche Beginning Accumulation Reserve Subaccount balance Targeted deposit to Accumulation Reserve Subaccount Actual deposit to Accumulation Reserve Subaccount Amounts withdrawn from Accumulation Reserve Subaccount for use as Series Finance Charge Amounts Excess amounts withdrawn from Accumulation Reserve Subaccount Ending Accumulation Reserve Subaccount balance Income earned on funds on deposit in Accumulation Reserve Subaccount $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2015-A) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2017-4) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2017-5) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2018-6) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2019-A) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2021-1) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2021-2) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2022-1) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2022-2) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2022-3) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class A (2022-4) Total Class A $0.00 0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class B (2020-2) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class B (2020-3) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class B (2020-4) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class B (2023-1) Total Class B $0.00 0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class C (2020-3) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class C (2020-4) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class C (2020-5) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00Class C (2023-1) Total Class C $0.00 0.00 $0.00 $0.00 $0.00$0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00$0.00 $0.00Total

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10. Class A: Required Subordinated Amount; Available Subordinated Amount; Usage: Tranche Required Subordinated Amount of Class B Notes As of last Distribution Date As of current Distribution Date Available Subordinated Amount of Class B Notes Usage of Class B As of last Distribution Date As of current Distribution Date As of last Distribution Date As of current Distribution Date $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2015-A) $27,848,101.28 $27,848,101.28 $27,848,101.28 $27,848,101.28 $0.00 $0.00Class A (2017-4) $64,398,734.21 $64,398,734.21 $64,398,734.21 $64,398,734.21 $0.00 $0.00Class A (2017-5) $20,886,075.96 $20,886,075.96 $20,886,075.96 $20,886,075.96 $0.00 $0.00Class A (2018-6) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2019-A) $80,063,291.18 $80,063,291.18 $80,063,291.18 $80,063,291.18 $0.00 $0.00Class A (2021-1) $41,772,151.92 $41,772,151.92 $41,772,151.92 $41,772,151.92 $0.00 $0.00Class A (2021-2) $87,025,316.50 $87,025,316.50 $87,025,316.50 $87,025,316.50 $0.00 $0.00Class A (2022-1) $97,468,354.48 $97,468,354.48 $97,468,354.48 $97,468,354.48 $0.00 $0.00Class A (2022-2) $139,240,506.40 $139,240,506.40 $139,240,506.40 $139,240,506.40 $0.00 $0.00Class A (2022-3) $69,620,253.20 $69,620,253.20 $69,620,253.20 $69,620,253.20 $0.00 $0.00Class A (2022-4) $628,322,785.13 $628,322,785.13 $0.00 $0.00Total Class A $628,322,785.13$628,322,785.13

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Tranche As of last Distribution Date Required Subordinated Amount of Class C Notes As of current Distribution Date As of last Distribution Date Available Subordinated Amount of Class C Notes As of current Distribution Date As of last Distribution Date Usage of Class C As of current Distribution Date $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2015-A) $35,443,038.00 $35,443,038.00 $35,443,038.00 $35,443,038.00 $0.00 $0.00Class A (2017-4) $81,962,025.38 $81,962,025.38 $81,962,025.38 $81,962,025.38 $0.00 $0.00Class A (2017-5) $26,582,278.50 $26,582,278.50 $26,582,278.50 $26,582,278.50 $0.00 $0.00Class A (2018-6) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2019-A) $101,898,734.25 $101,898,734.25 $101,898,734.25 $101,898,734.25 $0.00 $0.00Class A (2021-1) $53,164,557.00 $53,164,557.00 $53,164,557.00 $53,164,557.00 $0.00 $0.00Class A (2021-2) $110,759,493.75 $110,759,493.75 $110,759,493.75 $110,759,493.75 $0.00 $0.00Class A (2022-1) $124,050,633.00 $124,050,633.00 $124,050,633.00 $124,050,633.00 $0.00 $0.00Class A (2022-2) $177,215,190.00 $177,215,190.00 $177,215,190.00 $177,215,190.00 $0.00 $0.00Class A (2022-3) $88,607,595.00 $88,607,595.00 $88,607,595.00 $88,607,595.00 $0.00 $0.00Class A (2022-4) Total Class A $799,683,544.88 $799,683,544.88 $799,683,544.88$799,683,544.88 $0.00 $0.00

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Tranche As of last Distribution Date Required Subordinated Amount of Class D Notes As of current Distribution Date As of last Distribution Date Available Subordinated Amount of Class D Notes As of current Distribution Date As of last Distribution Date Usage of Class D As of current Distribution Date $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2008-C) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2010-D) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2011-A) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2015-A) $43,037,974.72 $43,037,974.72 $43,037,974.72 $43,037,974.72 $0.00 $0.00Class A (2017-4) $99,525,316.54 $99,525,316.54 $99,525,316.54 $99,525,316.54 $0.00 $0.00Class A (2017-5) $32,278,481.04 $32,278,481.04 $32,278,481.04 $32,278,481.04 $0.00 $0.00Class A (2018-6) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class A (2019-A) $123,734,177.32 $123,734,177.32 $123,734,177.32 $123,734,177.32 $0.00 $0.00Class A (2021-1) $64,556,962.08 $64,556,962.08 $64,556,962.08 $64,556,962.08 $0.00 $0.00Class A (2021-2) $134,493,671.00 $134,493,671.00 $134,493,671.00 $134,493,671.00 $0.00 $0.00Class A (2022-1) $150,632,911.52 $150,632,911.52 $150,632,911.52 $150,632,911.52 $0.00 $0.00Class A (2022-2) $215,189,873.60 $215,189,873.60 $215,189,873.60 $215,189,873.60 $0.00 $0.00Class A (2022-3) $107,594,936.80 $107,594,936.80 $107,594,936.80 $107,594,936.80 $0.00 $0.00Class A (2022-4) Total Class A $971,044,304.62 $971,044,304.62 $971,044,304.62 $971,044,304.62 $0.00 $0.00

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11. Class B: Required Subordinated Amount; Available Subordinated Amount; Usage: Tranche As of last Distribution Date Required Subordinated Amount of Class C Notes As of current Distribution Date As of last Distribution Date Available Subordinated Amount of Class C Notes As of current Distribution Date As of last Distribution Date Usage of Class C As of current Distribution Date $0.00$278,205,128.35 $0.00$278,205,128.35 $0.00$0.00Class B (2020-2) $402,810,651.10$278,205,128.35 $402,810,651.10$278,205,128.35 $0.00$0.00Class B (2020-3) $402,810,651.10$278,205,128.35 $402,810,651.10$278,205,128.35 $0.00$0.00Class B (2020-4) $0.00$0.00 $0.00$0.00 $0.00$0.00Class B (2023-1) Total Class B $834,615,385.05 $805,621,302.20 $834,615,385.05 $805,621,302.20 $0.00 $0.00 Tranche As of last Distribution Date Required Subordinated Amount of Class D Notes As of current Distribution Date As of last Distribution Date Available Subordinated Amount of Class D Notes As of current Distribution Date As of last Distribution Date Usage of Class D As of current Distribution Date $337,820,512.99 $0.00 $337,820,512.99 $0.00 $0.00 $0.00Class B (2020-2) $337,820,512.99 $489,127,219.19 $337,820,512.99 $489,127,219.19 $0.00 $0.00Class B (2020-3) $337,820,512.99 $489,127,219.19 $337,820,512.99 $489,127,219.19 $0.00 $0.00Class B (2020-4) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00Class B (2023-1) Total Class B $1,013,461,538.97 $978,254,438.38 $1,013,461,538.97 $978,254,438.38 $0.00 $0.00

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12. Class C: Required Subordinated Amount; Available Subordinated Amount; Usage: Tranche As of last Distribution Date Required Subordinated Amount of Class D Notes As of current Distribution Date As of last Distribution Date Available Subordinated Amount of Class D Notes As of current Distribution Date As of last Distribution Date Usage of Class D As of current Distribution Date $0.00$347,276,867.20 $0.00$0.00$347,276,867.20Class C (2020-3) $0.00 $461,428,571.43$347,276,867.20 $0.00$461,428,571.43$347,276,867.20Class C (2020-4) $0.00 $461,428,571.43$347,276,867.20 $0.00$461,428,571.43$347,276,867.20Class C (2020-5) $0.00 $55,397,295.53$0.00 $0.00$55,397,295.53$0.00Class C (2023-1) $0.00 Total Class C $978,254,438.39 $0.00 $0.00$1,041,830,601.60$978,254,438.39$1,041,830,601.60 13. Excess Spread Triggers: For this Distribution Date For the preceding Distribution Date For the second preceding Distribution Date Three-month average for this Distribution Date $148,887,404.38 $155,513,797.98$166,299,683.79$151,354,305.77 14.22%14.74%13.41% $166,299,683.79$151,354,305.77 14.22%14.74%13.41% $148,887,404.38 14.52% 14.52% Group Excess Spread Percentage Group Excess Spread Excess Spread Percentage Excess Spread Amount (3) (4) (5) (6) $155,513,797.98

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14. Weighted Average Coupon Interest Rate: (7) Coupon interest rate (shown as an annualized percentage of total Outstanding Dollar Principal Amount at the beginning of February 2023) Adjusted coupon interest rate (shown as an annualized percentage of total Outstanding Dollar Principal Amount, excluding interest held by wholly-owned subsidiaries of Discover Bank, at the beginning of February 2023) Group coupon interest rate (shown as an annualized percentage of Group Outstanding Dollar Principal Amount at the beginning of February 2023) Adjusted group coupon interest rate (shown as an annualized percentage of Group Outstanding Dollar Principal Amount, excluding interest held by wholly-owned subsidiaries of Discover Bank, at the beginning of February 2023) For this Distribution Date 2.60% 2.60% 3.04% 3.04% 15. Excess Spread Early Redemption Event: No 16. Delinquency Trigger: No 17. Investor Communication Requests: None (x) the sum of (2) Does not apply to any outstanding Class C notes. (3) The Excess Spread Amount means, generally, with respect to the DiscoverSeries notes for any distribution date: the difference, whether positive or negative, between (1) Total amount of principal paid through this distribution date with respect to Class D(2009-1), Class B(2023-1) and Class C(2023-1) are not shown. Total Class B and Total Class C for Total amount of principal paid through this distribution date does not include Class B(2023-1) and Class C(2023-1), respectively. (a) the amount of Finance Charge Amounts allocated to the DiscoverSeries pursuant to the Indenture ; (c) an amount equal to income earned on all funds on deposit in the Principal Funding Account (including all subaccounts of such account) (net of investment expenses and losses); and (d) the amount withdrawn from the Accumulation Reserve Subaccount to cover the Accumulation Negative Spread on the Principal Funding Subaccounts , and in each case for the applicable period only. (y) (b) the sum of all interest, swap payments or accreted discount and servicing fees for the DiscoverSeries notes and reimbursement of all charged -off receivables allocated to the DiscoverSeries, any amounts to be treated as Series Finance Charge Amounts and designated to be a part of the Excess Spread Amount pursuant to any Terms Document ; (4) The Excess Spread Percentage means, generally, with respect to the DiscoverSeries notes for any distribution date, the Excess Spread Amount, multiplied by twelve and divided by the sum of the Nominal Liquidation Amount of all outstanding DiscoverSeries notes as of the beginning of the related Due Period .

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(5) The Group Excess Spread is the sum of the series excess spreads for each series in the group to which the Series 2007-CC Collateral Certificate belongs. All series other than the Series 2007-CC Collateral Certificate have been paid in full. Accordingly, the Group Excess Spread equals the Excess Spread Amount for the DiscoverSeries notes . If certain issuances are made after the date of this report, they could cause these amounts to diverge again in future months. With respect to Series 2007-CC, the "series excess spread" will generally mean the Excess Spread Amount for the DiscoverSeries notes . See item 13 and footnote 3. (6) The Group Excess Spread Percentage will generally mean the Group Excess Spread, multiplied by twelve and divided by the sum of the aggregate investor interest in receivables for all series in the group as of the beginning of the related Due Period. There are currently no series in the group other than the Series 2007-CC Collateral Certificate; therefore, the Group Excess Spread Percentage equals the (7) Coupon interest is the sum of the monthly interest deposited into the DiscoverSeries interest funding subaccounts and relating to the current interest accrual period. The Group coupon interest is the sum of such monthly interest deposited into the series interest funding accounts for all series in the group to which the Series 2007-CC Collateral Certificate belongs. There are currently no series in the group other than the Series 2007-CC Collateral Certificate; therefore, the group rates are the same as the DiscoverSeries rates. DiscoverSeries Excess Spread Percentage.

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