{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETP",
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": true,
        "complex_factors": [
            "Leverage (-3x)",
            "Shorting",
            "Compounding Effect",
            "Inverse Leveraged Index",
            "High Risk Class (7/7)",
            "Daily Rebalancing"
        ],
        "replication_method": "synthetic",
        "classification": "complex",
        "supporting_data": "The product is classified as complex primarily due to its explicit -3x leverage and inverse leveraged index objective. The KID clearly states the objective is to provide '-3 times the value of the daily performance' of the underlying asset. Furthermore, it details the 'Compounding Effect' due to daily leverage rebalancing, which is magnified by leverage and longer holding periods, and tends to have a negative impact in volatile markets. This structure, aiming for leveraged short-term inverse performance, requires an understanding of derivatives and their behavior over time, which is beyond the scope of a retail investor with basic knowledge. The product's risk indicator is class 7 out of 7, the highest, explicitly mentioning that 'poor market conditions are very likely to impact the capacity to pay you'. The intended retail investor profile is described as 'sophisticated investors' who understand compounded returns and the increased risk of inverse leveraged products, further supporting a complex classification. The KIID also includes the mandatory comprehension alert: 'You are about to purchase a product that is not simple and may be difficult to understand.'"
    }
}