with an average loan amount of $200

with an average loan amount of $200,000.
The assets of some structured products are not cash debt instruments,
but rather credit derivatives, most frequently CDS. These are called synthetic
securitizations, in contrast to cash or cash-flow securitizations. The set of
underlying cash debt instruments on which a synthetic securitization is based
generally consists of securitization liabilities rather than loans, and is called
the reference portfolio.
Each structured product is defined by the cash flows thrown off by assets
and the way they are distributed to the liabilities. Next, we examine the
mechanisms by which they are distributed: the capital structure or tranching,
the waterfall, and overcollateralization.

Hasil (Bahasa Indonesia) 1:

dengan jumlah pinjaman rata-rata $200.000.Aset yang produk-produk berstruktur beberapa tidak instrumen hutang tunai,tapi agak kredit derivatif, paling sering CD. Ini disebut sintetissecuritizations, berbeda dengan uang tunai atau arus kas securitizations. Setinstrumen hutang yang mendasari tunai di sekuritisasi sintetis yang didasarkanumumnya terdiri dari sekuritisasi kewajiban daripada pinjaman, dan disebutportofolio referensi.Setiap produk terstruktur didefinisikan oleh arus kas yang terlempar asetdan cara mereka didistribusikan ke kewajiban. Selanjutnya, kita menelitimekanisme dengan mana mereka didistribusikan: struktur modal atau tranching,air terjun, dan overcollateralization.