{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETP",
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthethic",
        "complex_factors": [
            "Leveraged product",
            "Short exposure via swaps",
            "Complex Index",
            "Daily compounding"
        ],
        "classification": "complex",
        "supporting_data": "The WisdomTree Short CHF Long EUR 3x Daily ETP is classified as complex under MiFID II due to several factors. The ETP is designed to provide a leveraged short exposure to CHF relative to EUR.  It employs synthetic replication using FX forward contracts, making it reliant on derivatives. The product's structure involves daily resets, leading to a compounding effect that can cause returns to deviate significantly from the index over time. The index, MSFXSM Triple Short Swiss Franc/Euro Total Return Index (MSCEEHUS), is complex. The use of leverage amplifies both potential gains and losses. Also, the KID states that the product may be difficult to understand."
    }
}