{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETP",
        "complex_factors": "The ETP tracks an index using FX forward contracts, introducing derivative and roll cost complexities and also due to counterparty risk.",
        "classification": "complex",
        "supporting_data": "The WisdomTree Short USD Long EUR ETP is classified as complex because it uses FX forward contracts, which are derivative instruments, to achieve its investment objective of providing exposure to USD relative to EUR. This means the replication method is synthetic, introducing counterparty risk from the forward contract providers. Furthermore, the KID document explicitly states the product is 'not simple and may be difficult to understand', and the product is designed to provide a total return from FX forward contracts being Short USD relative to EUR which is a complex structure for the average retail investor. The factors affecting the return of the product include the performance of the underlying index, but also factors such as roll costs. The product involves the effects of rolling of forward contracts.  Although the underlying index itself is not described as complex, the use of derivatives is central to the strategy, making it complex.  The lack of a simple direct link between the asset and the underlying (in this case, currency movements) and the introduction of 'rolling' of forward contracts render it complex. The PRIIPs KID indicates that the product may be difficult to understand which confirms it's classification as complex."
    }
}