Exhibit 21
DISCOVER FINANCIAL SERVICES
SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation or Formation | |
| Bank of New Castle |
Delaware | |
| DB Servicing Corporation |
Delaware | |
| DFS Corporate Services LLC. |
Delaware | |
| Diners Club International Ltd. |
New York | |
| Discover Bank |
Delaware | |
| Discover Community Development Corporation |
Delaware | |
| Discover Financial Services (Canada), Inc. |
Canada | |
| Discover Financial Services (Cayman) Limited |
Cayman Islands | |
| Discover Financial Services (Hong Kong) Limited |
Hong Kong | |
| Discover Financial Services (UK) Limited |
England/Wales | |
| Discover Financial Services Insurance Agency, Inc. |
Delaware | |
| Discover Information Technology (Shanghai) Limited |
Shanghai | |
| Discover Products Inc. |
Utah | |
| Discover Properties LLC |
Delaware | |
| Discover Receivables Financing Corporation |
Delaware | |
| Discover Services Corporation |
Delaware | |
| Discover SL Funding LLC |
Delaware | |
| DFS International Inc. |
Delaware | |
| DFS Services LLC |
Delaware | |
| DRFC Funding LLC |
Delaware | |
| Goldfish Bank Limited |
England/Wales | |
| GTC Insurance Agency, Inc. |
Delaware | |
| PULSE Network LLC |
Delaware | |
| SCFC Receivables Corp. |
Delaware | |
| The Student Loan Corporation |
Delaware | |