{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "Derivatives used for replication",
            "Currency Hedging",
            "Counterparty risk"
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF that is passively managed and takes proportionate exposure to the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to CHF Index (Total Return). The ETF uses derivatives, potentially swaps, to achieve its investment objective and replicates the index performance, and also utilises currency hedging. This introduces complexities such as counterparty risk due to the use of OTC derivatives, even though the ETF mitigates this risk through collateral policy. These elements make it difficult for a retail client with basic knowledge to easily understand the ETF's structure and risks. Given the reliance on derivatives to obtain index exposure and the currency hedging strategy, the asset is complex.",
        "complex": true,
        "non-complex": false
    }
}