Monetisation

Sale of financial assets to a third party for cash.
Regarding monetisation of certain loans, credit card receivables and trade receivables these are sold to third-party financial buyers, typically providing at least some credit protection and often agreeing to provide collection and processing services for a fee. Monetization normally results in gains on interest-bearing assets and losses on non-interest bearing assets.
In derivatives markets monetization refers to the realization of the value of the options embedded in puttable and callable bonds. This can be done using forward swaps or by selling call options on government bonds. Most commonly though swaptions are used. The issuer of a callable bond has in effect bought a receiver swaption with a notional principal equal to the bond principal, an exercise date equal to the call date of the bond and with the underlying swap maturity equal to the maturity date of the bond. Selling this swaption monetizes the value of the call feature