{
    "type": "ETC",
    "leverage": true,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "synthetic",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Swaps",
        "Daily Compounding Effect",
        "Counterparty Risk",
        "Commodity Futures Rolling"
    ],
    "classification": "complex",
    "supporting_data": "The WisdomTree Corn 2x Daily Leveraged ETC exhibits multiple complexity indicators under MiFID II. It uses synthetic replication via swaps to achieve 2x daily leveraged exposure to the Bloomberg Corn Sub Excess Return Index, which introduces counterparty risk and derivative complexity. The daily compounding effect and the use of futures contracts with rolling costs further contribute to its complexity. The product is not UCITS-compliant, has a high-risk rating of 7/7, and is explicitly stated to be suitable only for informed investors with specific knowledge. The presence of leverage, swaps, and the potential for significant tracking error due to compounding effects make this a complex instrument.",
    "confidence": 95
}