Ann: MONEYME executes $178m ABS transaction, page-8

It's selling a package of loans to investors at the quoted rate, which gives the purchaser a guaranteed return. The seller gets the money back that they lent, to do it again, but in almost all cases remains the manager of the underlying loans, collecting and administering, wearing losses and suffering arrears, from which the purchaser of the underlying security is indemnified. At the time of the GFC very poor performing 'liar' loans were included with A rated securities and misrepresented, causing huge losses to large funds who bought them on low margins.