{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Currency Hedging",
            "Derivatives used for replication",
            "Counterparty Risk"
        ],
        "supporting_data": "The ETF is UCITS compliant, but it uses a synthetic replication method via derivatives to track the MSCI EMU 100% hedged to GBP Index. Currency hedging is implemented using currency forwards, and OTC derivatives introduce counterparty risk. This leads to a determination that the product is a complex product due to swaps counter party risk and non physical replication",
        "classification": "complex"
    }
}