{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETP",
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthetic",
        "complex_factors": [
            "Inverse leverage",
            "Compounding effect",
            "Daily rebalancing",
            "ETP structure",
            "Potential for significant loss of investment"
        ],
        "classification": "complex",
        "supporting_data": "The product is an ETP (Exchange Traded Product) and explicitly states it provides '-1 times the value of the daily performance' of an equity security. This inverse leverage mechanism, coupled with daily rebalancing and the described 'Compounding Effect', inherently makes the product complex and difficult for retail investors to fully understand. The KID itself includes the mandatory comprehension alert: 'You are about to purchase a product that is not simple and may be difficult to understand.' The risk indicator is high (Class 6 of 7), and the description emphasizes the potential for loss of all or part of the investment. While not a UCITS ETF in the strict sense of holding underlying assets, its structure and the use of derivatives (implied by the inverse leverage and tracking of an index via swaps) to achieve its objective classify it as complex under MiFID II."
    }
}