{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": "3x leverage, synthetic replication via swaps, compounding effect, designed to replicate the performance of the Solactive Daily Leveraged 3x Long Amazon.com Inc Index",
        "classification": "complex",
        "supporting_data": "This ETP is classified as complex under MiFID II due to several factors. It employs 3x leverage, amplifying both gains and losses, and has a daily reset mechanism that introduces a 'compounding effect', increasing volatility and the potential for deviation from the underlying asset's performance. The replication method is synthetic, utilizing swaps with Natixis as the Swap Provider. The reliance on swaps introduces counterparty risk, since the Product is not backed by the underlying asset Amazon and the clientu2019s understanding of the risk is central to this classification. This aligns with ESMA's interpretation of derivative use. The KID explicitly states that this product is 'not simple and may be difficult to understand,' which triggers the 'comprehension alert' under MiFID II and reinforces the complex nature of the ETP."
    }
}