{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": true,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETC",
        "complex_factors": "The product provides investors with short exposure to Nickel, using -1 times the daily performance of the Bloomberg Nickel Sub Excess Return Index. The product's return is based on daily resets creating a compounding effect, leading to a performance that deviates from the index's performance over longer periods due to the volatility of the Index. This daily reset creates a compounding effect",
        "classification": "complex",
        "supporting_data": "This Exchange Traded Commodity (ETC) aims to provide a short exposure to Nickel, offering -1 times the daily performance of the Bloomberg Nickel Sub Excess Return Index. The product is fully collateralized and trades on various stock exchanges. The key complexity arises from the use of a -1 times the daily performance index which is inherently complex. The application of a daily reset has a u2018compounding effectu2019 which means that, the more volatile the performance of the Index, the more the performance of the product will deviate from the performance of the Index over a given period of time. In addition, the reference to rolling of futures contracts introduces complexity. The PRIIP document contains a comprehension alert stating that the product is not simple and may be difficult to understand. The risks include the compounding effect, the volatility of the underlying index, and the impact of rolling futures contracts. These elements contribute to its classification as complex."
    }
}