{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": "Leverage, derivative use (swaps), daily rebalancing (compounding effect), and the leveraged nature of the underlying index.",
        "classification": "complex",
        "supporting_data": "The product is a GraniteShares 3x Long Lloyds Banking Group Daily ETP, which replicates the performance of an index providing leveraged exposure (3x) to Lloyds Banking Group. The ETP uses a swap with Natixis, introducing counterparty risk (as per ESMA guidelines). The daily rebalancing creates a compounding effect, especially in volatile markets, diverging from the underlying asset's simple leveraged return, making the product more complex. The product is classified as high risk (7/7). This triggers the 'You are about to purchase a product that is not simple and may be difficult to understand' comprehension alert. This product is not UCITS compliant."
    }
}