{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": "Leverage, inverse exposure, and derivative use to achieve investment objective, with a KID alert.",
        "classification": "complex",
        "supporting_data": "This ETP, Leverage Shares -3x Short Silver ETP Securities, is classified as complex. This is due to several factors. Firstly, the product employs -3x leverage, which significantly amplifies both potential gains and losses. Secondly, the objective is to provide -3 times the daily performance of iShares Silver Trust which by nature requires the use of derivatives such as swaps or futures to achieve this inverse and leveraged exposure. Thirdly the compounding effect of daily leverage rebalancing, called the u201cCompounding Effectu201d increases the risk. Additionally, the KID document includes a comprehension alert, which is mandatory for complex products per MiFID II. The product's performance depends on the performance of an underlying asset, and there is no capital protection, meaning investors bear full market risk. The product is not designed for long-term holding, requiring frequent monitoring, and the potential for loss is very high (Stress scenario showed -53% return). The structure of this instrument is clearly complex to the average retail investor."
    }
}