{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "complex_factors": [
        "Inverse Exposure",
        "Leverage",
        "Daily Rebalancing",
        "Compounding Effect"
    ],
    "classification": "complex",
    "supporting_data": "The ETP is classified as complex due to its inverse (-1x) exposure to Advanced Micro Devices stock, which involves daily rebalancing and compounding effects that can lead to unexpected returns over longer holding periods. The KIID explicitly states that the product is 'not simple and may be difficult to understand,' with a risk indicator of 7 out of 7. The ETP is designed for sophisticated investors who understand the risks of compounded returns and leverage. Additionally, the product involves short selling and daily rebalancing, which introduces complexity beyond standard ETFs. The high-risk profile, lack of capital protection, and the potential for significant losses further support the complex classification.",
    "confidence": 95
}