Citigroup pools consumer credit-card receivables and sell the resulting securities in the open market. This process is called:

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Securitizing loans involves pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans, or credit card debt obligations and selling consolidated debt as bonds, pass-through securities, or Collateralized Mortgage Obligations (CMOs) to various investors. The process of pooling consumer credit-card receivables and selling the resulting securities in the open market, as described, is a classic example of securitization.

Citigroup Pools Consumer Credit-Card Receivables and Sell the Resulting Securities