{
    "success": true,
    "data": {
        "leverage": true,
        "derivatives": true,
        "swaps": false,
        "inverse": true,
        "replication_method": "synthetic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": [
            "Leverage",
            "Inverse strategy",
            "Compounding effect",
            "Targeted at sophisticated investors",
            "High risk indicator (6/7)",
            "Potential for significant loss"
        ],
        "classification": "complex",
        "supporting_data": "The product is an ETP (Exchange Traded Product) that aims to provide -3 times the daily performance of an ETF. This inherently involves leverage and an inverse strategy. The 'compounding effect' is explicitly mentioned as a risk magnifying with leverage and longer holding periods, making it difficult for retail investors to understand. The KID categorizes it as risk class 6 out of 7 and explicitly states, 'You are about to purchase a product that is not simple and may be difficult to understand.' The target investor profile is 'sophisticated investors' with specific knowledge and risk tolerance.  The product's structure is designed to achieve daily leveraged exposure, which is a complex derivative-based strategy, even if the underlying asset is a UCITS ETF. The fact that it's an ETP and not a UCITS ETF further suggests a departure from the standard non-complex UCITS framework. The underlying mechanism to achieve the -3x daily return likely involves total return swaps or similar derivative instruments, which are inherently complex and introduce counterparty and collateral risks, as per the general MiFID II assessment rules for derivatives."
    }
}