{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETC",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Index tracking, potential for contango effects and roll costs, commodity index with a potentially complex structure.  Index tracking,  the underlying index (UBS CMCI Composite USD TR Index) may lead to complexity.",
        "classification": "complex",
        "supporting_data": "This is an ETC (Exchange Traded Commodity) that tracks the UBS CMCI Composite USD TR Index. The KID document itself explicitly states that 'You are about to purchase a product that is not simple and may be difficult to understand'. The index is a commodity index, implying the use of derivatives and roll costs, which contribute to the complex classification.The ETC's structure, the use of a commodity index, and the potential for roll costs, contango or backwardation effects all contribute to its complex nature. These factors would make it difficult for a retail investor with basic knowledge to fully understand the product's risks and payoffs. The fact that it is not a simple product, based on the KID document, makes this a complex asset in line with MiFID II requirements."
    }
}