{
    "success": true,
    "data": {
        "ucits": false,
        "type": "ETP",
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Leverage (3x daily)",
            "Synthetic Replication (implied by ETP structure and daily rebalancing)",
            "Compounding Effect",
            "High Risk Classification (Class 7/7)",
            "No Capital Protection",
            "Targeted at sophisticated investors with short holding periods"
        ],
        "classification": "complex",
        "supporting_data": "The product is classified as an ETP (Exchange Traded Product) and explicitly states it offers 3x leverage on the daily performance of Facebook equity. This inherent leverage, along with the mention of 'Compounding Effect' and the product's classification as the highest risk class (7/7), indicates a complex structure. The KID also highlights that holding the product for more than one day is likely to result in a return different from 3x the reference asset's return due to daily rebalancing. Furthermore, it is targeted at 'sophisticated investors' with a 'very short investment horizon' (1 day recommended), which aligns with complex products that require a high degree of understanding and active management. The explicit warning 'You are about to purchase a product that is not simple and may be difficult to understand' further solidifies its complex classification. While not explicitly stating the use of swaps, the leveraged and synthetic nature of ETPs typically involves derivative instruments, and the complexity of achieving daily leveraged exposure points towards their use. The absence of UCITS compliance also means it doesn't automatically benefit from the non-complex UCITS presumption.  The KID also includes the standard MiFID II warning for complex products: 'You are about to purchase a product that is not simple and may be difficult to understand'."
    }
}