{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Synthetic replication using swaps, which introduce counterparty risk. The index is an 'Optimised Bank Index'.",
        "classification": "complex",
        "supporting_data": "The ETF uses swaps for replication, meaning it doesn't hold the underlying securities. This is a form of synthetic replication. The use of swaps introduces counterparty risk (the risk that the swap provider defaults) and is therefore considered complex. The index is an optimised bank index, this makes the asset more complex as it does not have a simple design or transparent structure. The document clearly states that the fund uses swaps for its investment strategy."
    }
}