{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETP",
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "complex_factors": [
            "Leverage",
            "FX Forward Contracts",
            "Daily Reset Leverage",
            "Compounding Effect",
            "High Risk Classification (7/7)"
        ],
        "classification": "complex",
        "supporting_data": "The WisdomTree Long CHF Short EUR 3x Daily ETP is classified as complex due to its leveraged structure and the use of derivatives. Specifically, it aims to provide 3 times the daily performance of FX forward contracts, which is a form of derivative. The daily reset of leverage introduces a compounding effect, which can lead to significant deviations from the index performance over longer periods, especially in volatile markets. The product is explicitly classified as the highest risk class (7 out of 7) in its Key Information Document. The KID also includes the statement 'You are about to purchase a product that is not simple and may be difficult to understand,' which is a strong indicator of complexity. The use of FX forward contracts for replication and the daily reset leverage mechanism make its payoff structure and associated risks (compounding, volatility impact) difficult for a retail investor with basic knowledge to understand, thus triggering the complexity classification under MiFID II rules."
    }
}