{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": [
            "Leverage",
            "Swaps",
            "Compounding Effect",
            "Complex Structure"
        ],
        "classification": "complex",
        "supporting_data": "The classification is 'complex' based on several definitive factors. The product is a Leveraged ETP providing 3x the daily performance of the underlying asset, which inherently makes it complex under MiFID II. It uses synthetic replication, explicitly stating it is 'backed by a swap with Natixis', which introduces counterparty risk and is a primary indicator of complexity. The KID highlights a 'compounding effect' due to the daily reset of leverage, a concept that is difficult for retail investors to understand and which can cause returns over longer periods to deviate significantly from the headline leverage factor. The document itself includes the PRIIPs comprehension alert: 'You are about to purchase a product that is not simple and may be difficult to understand', which is a mandatory warning for complex products. The recommended holding period of just one day further underscores its complex, short-term, tactical nature. The product is an ETP (Exchange Traded Product), not a UCITS ETF, and its leveraged and swap-based structure would not be permissible for a non-complex classification.",
        "final_classification": "Complex"
    }
}